Overview

Detailed Summary

Nidan Laboratories & Healthcare Limited primarily operates diagnostic centers that offer a comprehensive range of services, including radiology, neurology, cardiology, dental, and pathology.
From its founding as a proprietary firm in 1994, Nidan has expanded to 30 diagnostic and collection centers across Mumbai and Pune, integrating advanced diagnostics services under one roof.
The company provides services to over one million patients annually, supported by a team of 94 laboratory doctors and 256 technical staff.
Nidan places a strong emphasis on customer convenience, offering services such as home specimen collection and digital access to test results, enhancing consumer satisfaction.
In 2021, Nidan raised Rs. 50 Crore through an initial public offering, marking a significant milestone in its growth trajectory.

Sector: Healthcare Services
Industry: Healthcare Service Provider
Market Cap: 19 Cr
Volatility: Moderate Risk
P/E Ratio: 12.6
Industry P/E: 59.2
PEG Ratio: 0.1
P/B Ratio: 0.3
52W High: 24.90
52W Low: 12.75

Sales CAGR

1Y: 1.45%
3Y: -6.14%
5Y: 2.03%
10Y: —

Profit CAGR

1Y: 161.30%
3Y: -9.45%
5Y: 22.57%
10Y: —

ROE

TTM: 2.51%
3Y: 1.12%
5Y: 2.56%
10Y: —

ROCE

TTM: 5.93%
3Y: 5.37%
5Y: 7.98%
10Y: —

Technicals

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Forecasts

Peers

Healthcare Healthcare Healthcare Services Healthcare Service Provider

Symbol	Watchlist	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
DECCAN		11.95	30 Cr	11.93	0.27	0.00	2.26	3.18	1.67
CMMHOSP		38.00	28 Cr	-24.69	0.00	0.00	36.33	-3.29	-5.41
TEJNAKSH		13.75	28 Cr	22.93	1.03	0.00	4.52	6.35	3.93
TRABI		3.02	23 Cr	-14.05	2.77	0.00	-19.73	-2.32	-1.15
NIDAN		14.00	19 Cr	12.97	0.28	0.00	2.51	5.93	1.79
FAMILYCARE		3.17	17 Cr	-2.00	1.84	0.00	-46.60	-27.58	-20.17
LOOKS		9.05	10 Cr	316.67	0.64	0.00	0.16	0.21	0.19
Median: 7 Co.	—	11.95	23 Cr	11.93	0.64	0.00	2.26	0.21	0.19

Financial Statements

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Standalone Quarterly Results (in ₹ Crores)

Total Figures

QoQ Changes

Total Figures

	Jun 2021	Sep 2021
Sales	7.83	17
Expenses	4.67	11
Operating Profit	3.16	5.79
OPM %	40.36	35.05
Other Income	0.01	0.01
Interest	0.91	1.72
Depreciation	0.87	1.76
Profit Before Tax	1.40	2.33
Tax %	22.86	22.32
Net Profit	1.09	1.80
EPS in Rs	—	—

Standalone Profit Loss (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Sales	21	22	20	30	24	24	25
Expenses	13	15	11	20	17	18	19
Operating Profit	7.84	7.64	8.89	9.41	6.80	6.44	5.06
OPM %	38.07	34.42	43.61	31.74	28.04	26.65	20.64
Other Income	0.37	0.01	1.06	0.40	3.33	-3.77	2.25
Interest	4.75	3.74	3.46	2.66	2.22	2.18	2.14
Depreciation	3.24	3.19	3.18	2.63	3.10	2.87	2.41
Profit Before Tax	0.22	0.71	3.30	4.52	4.81	-2.37	2.76
Tax %	0.00	0.00	30.28	41.09	26.44	-36.46	28.38
Net Profit	0.22	0.71	2.30	2.66	3.54	-3.23	1.98
EPS in Rs	—	—	—	—	—	—	—
Dividend Payout %	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Standalone Balance Sheet (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	9.90	9.90	9.90	14	14	14	14
Reserves	0.41	1.13	3.43	52	56	52	54
Borrowings	32	34	38	19	11	12	11
Other Liabilities	0.57	-0.17	2.36	3.29	4.03	3.91	3.65
Total Liabilities	43	45	54	88	84	83	83
Fixed Assets	23	20	20	20	21	18	16
CWIP	0.00	0.00	0.23	3.81	0.00	0.04	0.15
Investments	0.53	0.53	0.27	0.00	0.00	0.00	20
Other Assets	19	25	33	64	63	65	46
Total Assets	43	45	54	88	84	83	83

Standalone Cash Flows (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity	8.95	4.62	4.35	7.83	11	-15	2.28
Cash from Investing Activity	1.00	-0.01	-3.22	-36	-0.29	9.84	-0.22
Cash from Financing Activity	-5.81	-1.56	-1.22	29	-10	-0.49	-3.01
Net Cash Flow	4.14	3.05	-0.10	0.80	0.32	-5.57	-0.95

Shareholdings

Shareholding History

Quarterly

Yearly

Quarterly

	Oct 2021	Nov 2021	Mar 2022	Sep 2022	Mar 2023	Sep 2023	Mar 2024	Sep 2024	Mar 2025	Sep 2025	Dec 2025	Mar 2026
Promoters	99.99%	71.22%	71.22%	71.22%	71.22%	62.79%	57.04%	57.04%	57.04%	57.04%	57.04%	57.04%
FIIs	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
DIIs	0.01%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Public	0.00%	28.78%	28.78%	28.78%	28.78%	37.21%	42.96%	42.96%	42.96%	42.96%	42.96%	42.96%
Total Shareholders	15	2,940	2,791	2,516	2,440	2,777	2,864	2,790	2,581	2,489	2,437	2,362

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