True happiness is living a healthy, pain-free life and enjoying a revitalized sense of living every day. Shalby Hospitals, established in 1994 by Dr. Vikram Shah, a world-renowned joint replacement surgeon and visionary healthcare entrepreneur, aims to help individuals live life in full vigor, regardless of age or background. Dr. Shah’s primary goal was to offer exceptional care and treatment according to international standards to the people of his country.
Originally known as the leading orthopedic center in the world, Shalby Hospitals have expanded significantly across India. From a single hospital, Shalby has grown into the largest hospital chain in Western and Central India. With a team of experts in various medical specialties, including orthopedics & joint replacement, cardiac care, nephrology, neurology, critical care, gynecology, dental care, and more, Shalby has become a center of excellence for all healthcare needs. Shalby was listed on BSE/NSE in December 2017.
Shareholding Patterns
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | |
| Promoters + | 74.12% | 74.12% | 74.12% | 74.12% | 74.24% |
| FIIs + | 3.92% | 4.00% | 4.11% | 4.62% | 4.88% |
| DIIs + | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Public + | 21.09% | 21.00% | 20.90% | 20.42% | 20.13% |
| Others + | 0.87% | 0.87% | 0.87% | 0.83% | 0.76% |
| No. of Shareholders | 52,181 | 52,580 | 50,225 | 49,495 | 49,858 |
The shareholding pattern for the periods from March 2023 to March 2024 reveals notable trends. The promoters maintained a majority stake, holding a steady 74.12% through the year, with a slight increase to 74.24% by March 2024. Foreign Institutional Investors (FIIs) steadily increased their shareholding from 3.92% in March 2023 to 4.88% in March 2024, while Domestic Institutional Investors (DIIs) held no shares throughout the period. Public shareholding showed a declining trend, dropping from 21.09% to 20.13%. The shareholding by other categories also decreased from 0.87% to 0.76%. The number of shareholders fluctuated, peaking at 52,580 in June 2023 and reaching a low of 49,495 in December 2023, before settling at 49,858 in March 2024.
Shalby Q4 Results: Revenue Surges 22.74%, Profit Up 19.26%, EPS Grows 14.58%
- Revenue:
- Increased by 22.74% year-over-year, reaching a new high.
- Grew by 13.05% quarter-over-quarter.
- Profit:
- Year-over-year profit increased by 19.26%.
- Slight decrease in profit compared to the previous quarter.
- Expenses:
- Selling, general & administrative expenses rose by 5.76% quarter-over-quarter.
- Decreased by 4.19% year-over-year.
- Operating Income:
- Increased by 81.17% year-over-year.
- Decreased by 22.26% quarter-over-quarter.
- Earnings Per Share (EPS):
- Reported EPS of ₹1.49 for Q4.
- Marked a 14.58% increase year-over-year.
How to Buy Shalby Ltd shares?
You can buy Shalby Ltd shares from the following trading platforms:
- Zerodha
- Upstox
- Groww
- AngelOne
- ICICIDirect
Shalby Ltd Share Price Prediction: 2024 to 2030
Shalby Ltd Share Price Prediction 2024
| When | Maximum Price | Minimum Price |
| June 2024 | 282.30 | 245.48 |
| July 2024 | 279.48 | 243.03 |
| August 2024 | 290.66 | 252.75 |
| September 2024 | 302.29 | 262.86 |
| October 2024 | 296.36 | 257.70 |
| November 2024 | 308.21 | 268.01 |
| December 2024 | 311.30 | 270.69 |
In 2024, the share price of Shalby Ltd is expected to exhibit a fluctuating trend. Starting in June, the maximum price is projected to reach ₹282.30, with a minimum of ₹245.48. For July, the anticipated maximum price is ₹279.48, while the minimum is expected to be ₹243.03. Moving into August, the maximum price is forecasted at ₹290.66 and the minimum at ₹252.75.
In September, Shalby Ltd’s share price is expected to rise further, reaching a maximum of ₹302.29 and a minimum of ₹262.86. By October, the projected maximum price is ₹296.36, with a minimum of ₹257.70. For November, the share price is anticipated to hit a maximum of ₹308.21 and a minimum of ₹268.01. Finally, in December, the share price is expected to peak at ₹311.30, with the minimum price projected to be ₹270.69.
Shalby Ltd Share Price Target 2025
| When | Maximum Price | Minimum Price |
| January 2025 | 314.41 | 241.85 |
| February 2025 | 317.58 | 244.30 |
| March 2025 | 324.25 | 249.43 |
| April 2025 | 321.04 | 246.96 |
| May 2025 | 311.69 | 239.76 |
| June 2025 | 325.72 | 250.55 |
| July 2025 | 319.33 | 245.64 |
| August 2025 | 329.21 | 253.24 |
| September 2025 | 333.16 | 256.28 |
| October 2025 | 341.82 | 262.94 |
| November 2025 | 350.37 | 269.51 |
| December 2025 | 366.13 | 281.64 |
As we step into 2025, Shalby Ltd’s share price is expected to rise steadily each month. In January, the maximum price is projected to be ₹314.41 and the minimum ₹241.85. February’s forecast is a maximum of ₹317.58 and a minimum of ₹244.30. In March, the prices are expected to reach ₹324.25 and ₹249.43, respectively. April’s maximum is projected at ₹321.04, with a minimum of ₹246.96. For May, the maximum is ₹311.69 and the minimum ₹239.76. June’s forecast is a maximum of ₹325.72 and a minimum of ₹250.55. In July, the prices are expected to be ₹319.33 and ₹245.64. August’s projection is ₹329.21 and ₹253.24. September’s prices are expected to reach ₹333.16 and ₹256.28. In October, the maximum is projected at ₹341.82 and the minimum at ₹262.94. November’s forecast is ₹350.37 and ₹269.51. Finally, in December, Shalby Ltd’s share price is expected to reach a maximum of ₹366.13 and a minimum of ₹281.64.
Shalby Ltd Share Price Prediction 2026
| When | Maximum Price | Minimum Price |
| January 2026 | 377.12 | 290.09 |
| February 2026 | 367.69 | 282.84 |
| March 2026 | 375.04 | 288.49 |
| April 2026 | 382.70 | 294.38 |
| May 2026 | 378.91 | 291.47 |
| June 2026 | 388.38 | 298.75 |
| July 2026 | 380.77 | 292.90 |
| August 2026 | 392.54 | 301.96 |
| September 2026 | 400.39 | 307.99 |
| October 2026 | 410.80 | 316.00 |
| November 2026 | 421.07 | 323.90 |
| December 2026 | 431.60 | 332.00 |
Shalby Ltd Share Price Prediction 2027
| When | Maximum Price | Minimum Price |
| January 2027 | 435.92 | 335.32 |
| February 2027 | 447.09 | 343.92 |
| March 2027 | 464.53 | 357.33 |
| April 2027 | 455.42 | 350.32 |
| May 2027 | 442.16 | 340.12 |
| June 2027 | 462.05 | 355.43 |
| July 2027 | 452.99 | 348.46 |
| August 2027 | 467.00 | 359.23 |
| September 2027 | 483.35 | 371.81 |
| October 2027 | 495.92 | 381.47 |
| November 2027 | 508.31 | 391.01 |
| December 2027 | 521.02 | 400.79 |
Shalby Ltd Share Price Prediction 2028
| When | Maximum Price | Minimum Price |
| January 2028 | 531.44 | 408.80 |
| February 2028 | 545.07 | 419.28 |
| March 2028 | 566.33 | 435.64 |
| April 2028 | 555.22 | 427.09 |
| May 2028 | 539.05 | 414.65 |
| June 2028 | 563.31 | 433.31 |
| July 2028 | 552.26 | 424.82 |
| August 2028 | 569.34 | 437.96 |
| September 2028 | 589.27 | 453.28 |
| October 2028 | 604.59 | 465.07 |
| November 2028 | 619.71 | 476.70 |
| December 2028 | 635.20 | 488.61 |
Shalby Ltd Share Price Prediction 2029
| When | Maximum Price | Minimum Price |
| January 2029 | 647.90 | 498.39 |
| February 2029 | 664.52 | 511.17 |
| March 2029 | 690.43 | 531.10 |
| April 2029 | 676.89 | 520.69 |
| May 2029 | 657.18 | 505.52 |
| June 2029 | 686.75 | 528.27 |
| July 2029 | 673.29 | 517.91 |
| August 2029 | 694.11 | 533.93 |
| September 2029 | 718.40 | 552.62 |
| October 2029 | 737.08 | 566.99 |
| November 2029 | 755.51 | 581.16 |
| December 2029 | 774.40 | 595.69 |
Shalby Ltd Share Price Prediction 2030
| When | Maximum Price | Minimum Price |
| January 2030 | 789.88 | 607.60 |
| February 2030 | 810.14 | 623.18 |
| March 2030 | 841.73 | 647.49 |
| April 2030 | 825.23 | 634.79 |
| May 2030 | 801.19 | 616.30 |
| June 2030 | 837.25 | 644.03 |
| July 2030 | 820.83 | 631.41 |
| August 2030 | 846.22 | 650.93 |
| September 2030 | 875.83 | 673.72 |
| October 2030 | 898.60 | 691.23 |
| November 2030 | 921.07 | 708.52 |
| December 2030 | 944.10 | 726.23 |
In 2030, Shalby Ltd’s share prices are expected to increase monthly. In January, prices are projected between ₹789.88 and ₹607.60. February will see prices from ₹810.14 to ₹623.18. March’s range is ₹841.73 to ₹647.49. April’s forecast is ₹825.23 to ₹634.79. May is expected to have prices between ₹801.19 and ₹616.30. June will range from ₹837.25 to ₹644.03. In July, prices are projected between ₹820.83 and ₹631.41. August’s range is ₹846.22 to ₹650.93. September will see prices from ₹875.83 to ₹673.72. October’s forecast is ₹898.60 to ₹691.23. November will range from ₹921.07 to ₹708.52. Finally, in December, prices are expected between ₹944.10 and ₹726.23.
Financial Condition of Shalby Ltd: Last 5 years
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
| Sales + | 487 | 431 | 699 | 805 | 934 |
| Expenses + | 404 | 342 | 577 | 667 | 757 |
| Operating Profit | 83 | 89 | 122 | 138 | 177 |
| OPM % | 17% | 21% | 17% | 17% | 19% |
| Other Income + | 17 | 8 | 8 | 22 | 19 |
| Interest | 7 | 5 | 8 | 11 | 16 |
| Depreciation | 36 | 37 | 43 | 48 | 52 |
| Profit before tax | 57 | 55 | 79 | 102 | 128 |
| Tax % | 51% | 23% | 32% | 34% | 35% |
| Net Profit + | 28 | 42 | 54 | 68 | 84 |
| EPS in Rs | 2.55 | 3.93 | 5.01 | 6.27 | 7.78 |
| Dividend Payout % | 20% | 25% | 20% | 19% | 15% |
The company’s financial performance demonstrates consistent growth from March 2020 to March 2024. Sales increased steadily from Rs 487 crore in March 2020 to Rs 934 crore in March 2024, achieving a cumulative growth of 91.61%. Operating profit improved, reaching Rs 177 crore in March 2024, indicating effective cost management. The operating profit margin (OPM) remained stable, fluctuating between 17% and 21%, with a slight increase to 19% in March 2024. Other income showed an upward trend, rising from Rs 8 crore in March 2021 to Rs 19 crore in March 2024. Despite increased interest expenses and depreciation charges, the company consistently grew its net profit, reaching Rs 84 crore in March 2024. Earnings per share (EPS) improved significantly, from Rs 2.55 in March 2020 to Rs 7.78 in March 2024. The company maintained a prudent dividend payout policy, decreasing from 20% in March 2020 to 15% in March 2024, balancing reinvestment for growth and rewarding shareholders. Overall, the financials reflect robust performance, with steady growth in revenue, profitability, and shareholder value over the years.
FAQS
Should you buy Shalby Ltd shares?
Yes, our analysis suggests that Shalby Ltd is likely to see continued success and growth in the coming years, making it a potentially attractive investment opportunity for those looking to capitalize on the company’s long-term growth potential.
What is the share price target of Shalby Ltd for 2025?
In 2025, Shalby Ltd’s maximum share price target is projected to reach ₹366.13. This upward trend in the company’s share price indicates a continued positive outlook for Shalby Ltd.
Can Shalby Ltd reach 6000 INR?
Yes, Shalby Ltd could reach 1000 INR by 2031.
What is the share price target of Shalby Ltd for 2030?
By the end of 2030, Shalby Ltd’s share price is anticipated to reach approximately ₹944.10.
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Conclusion
In conclusion, Shalby Ltd’s Q4 FY24 results demonstrate the company’s dedication to excellence and its positive trajectory in the healthcare sector. The notable 22.74% year-over-year increase in revenue and impressive 19.26% growth in profit highlight Shalby’s ability to seize opportunities and deliver value to its stakeholders. Despite a slight decrease in profit compared to the previous quarter, the company’s focus on operational efficiency is evident with an 81.17% year-over-year rise in operating income. Additionally, the 14.58% increase in earnings per share (EPS) underscores Shalby’s commitment to enhancing shareholder value. The stability of the operating profit margin (OPM) and the prudent dividend payout policy further emphasize Shalby’s commitment to sustainable growth and shareholder returns. As Shalby continues to expand its hospital chain and uphold its reputation as a center of excellence in healthcare, it is well-positioned for continued success and value creation in the future.
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