NSE: THYROCARE | BSE: 539871

Mid-range Performer

Download real time

499.70 -1.30 (-0.26%)

45.88% Gain from 52W Low

353.6K NSE+BSE Volume

NSE 09 Oct, 2026 3:31 PM (IST)

7,953.5

Market Cap

Above industry Median

Beta 1Year

Very Low volatility

Thyrocare Technologies Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for THYROCARE, BSE:539871 Thyrocare Technologies Ltd.

Search Inside the pdf :

Thyrocare Technologies Ltd.

24 Jul 2026

499.70

-0.26%

On a growth sprint

Buy: Thyrocare Technologies Ltd.

ICICI Securities Limited

Thyrocare Technologies’ (Thyrocare) Q1FY27 performance was ahead of our expectations. Outperformance was led by strong traction in both pathology segments, with franchises growing at ~27% YoY and partnerships at ~26%.

Promoters released all pledges in Sep 2026 qtr.

Thyrocare Technologies Ltd.

15 Oct 2025

499.70

-0.26%

Growth engines aptly diagnosed

Buy: Thyrocare Technologies Ltd.

Target

ICICI Securities Limited

Thyrocare Technologies (Thyrocare) Q2FY26 revenue/EBITDA/PAT was ~1%/14%/26% ahead of our expectations. Both the pathology divisions continue to boost growth with partnership/franchise segment posting 35%/20% growth driven by an uptick in volumes (up ~24%/11%, respectively).

Thyrocare Technologies Ltd. is trading above its 200 day SMA of 484.2

Thyrocare Technologies Ltd.

24 Apr 2025

499.70

-0.26%

Volume spurt maintained, margin outlook improving

Buy: Thyrocare Technologies Ltd.

Target

ICICI Securities Limited

Thyrocare Technologies’ (Thyrocare) outperformance in Q4FY25 was driven by surge in volumes (up 15%) and realisation improvement, partially offset by higher ESOP cost.

Promoters have decreased holdings from 60.92% to 51.02% in Sep 2026 qtr

Thyrocare Technologies Ltd.

24 Jul 2024

499.70

-0.26%

Margin thesis is starting to unfold

Buy: Thyrocare Technologies Ltd.

Target

ICICI Securities Limited

Thyrocare Technologies (Thyrocare) has reported a strong 16.4% YoY growth in pathology segment in Q1FY25 in otherwise a seasonally weak quarter.

Thyrocare Technologi.. has an average target of 650.00 from 1 broker.

Thyrocare Technologies Ltd.

15 May 2024

499.70

-0.26%

Efforts to improvise volume growth are materialising

Buy: Thyrocare Technologies Ltd.

Recommendation Target

ICICI Securities Limited

Thyrocare Technologies’ (Thyrocare) core business grew 18% YoY in Q4FY24 driven by 13% YoY jump in sales from franchisee and 40% from partnerships (excluding API & B2G). EBITDA margin at 21.9% was weaker (I-Sec: 25.1%) as the company has
inched up investments in marketing and promotion for new bundled test programmes like Jaanch, Her Check and Troponin I and for other initiatives.

Institutional Investors have increased holdings from 26.35% to 35.29% in Sep 2026 qtr.

Thyrocare Technologies Ltd.

01 Nov 2023

499.70

-0.26%

Operations revitalising; mounting debt a concern

Accumulate: Thyrocare Technologies Ltd.

Target

ICICI Securities Limited

Thyrocare’s Q2FY24 performance was in line with our expectations. Its revenue grew 9.7% YoY while the franchisee business grew faster at 20%. It reported an improvement in gross margins (+100bps YoY) due to a decline in the lowmargin Partnership business.

Thyrocare Technologies Ltd. is trading below its 30 day SMA of 557.2

Thyrocare Technologies Ltd.

02 Aug 2023

499.70

-0.26%

Revamping business model to restore margins

Accumulate: Thyrocare Technologies Ltd.

Recommendation Target

ICICI Securities Limited

Thyrocare Technologies has reported an improvement in gross margin (+270bps YoY) in Q1FY24 led by a decline in low margin partnership business. The company has revamped incentive structure offered to franchisees and this should drive a strong 12-14% volume growth in this segment.

Promoters released all pledges in Sep 2026 qtr.

Thyrocare Technologies Ltd.

14 Nov 2022

499.70

-0.26%

Limited volume growth hits profitability

Buy: Thyrocare Technologies Ltd.

ICICI Securities Limited

Thyrocare Technologies(Thyrocare) Q2FY23 performance was below our estimates on all fronts. Non-covid pathology revenue grew by 4.6% QoQ, but volumes were flat sequentially.

Thyrocare Technologi.. has an average target of 650.00 from 1 broker.

Thyrocare Technologies Ltd.

28 Jun 2021

499.70

-0.26%

Event Update - Acquisition of THYROCAR to ease PharmEasy's digital offerings - Under Review

Mgmt Note: Thyrocare Technologies Ltd.

Prabhudas Lilladhar

Online pharmacy startup PharmEasy announced acquisition of THYROCARE Technologies, with a view to add diagnostic services in its digital offerings through biochemistry/pathology business. PharmEasy's parent company API...

Thyrocare Technologies Ltd. is trading above its 200 day SMA of 484.2

Thyrocare Technologies Ltd.

04 Aug 2020

499.70

-0.26%

Q1FY21 Result Update - COVID tests continue to impact; Maintain Sell

Sell: Thyrocare Technologies Ltd.

Prabhudas Lilladhar

and 3) increased employee cost at 16% of sales (v/s 11% YoY and 13% QoQ). EBIT margin for diagnostic segment was 9% v/s 42% YoY. its profitability because of 1) lower gross margin at 53% (v/s 72% YoY) due to We remain negative on entire diagnostic chain due to possible structural...

Promoters have decreased holdings from 60.92% to 51.02% in Sep 2026 qtr

Is Thyrocare Technologies Ltd. worth buying?

185 Votes:

Buy 77.84%

Sell 11.89%

Hold 10.27%

RESEARCH REPORTS

Buy SEE REPORTS >

pdf

Buy SEE REPORTS >

pdf