Aashka Hospitals
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Aashka Hospitals entered into a memorandum of understanding with Rhythm Medical Stores, Rhythm Multispeciality Hospital, Cardioplus Heart Care and Rhythm Medical & Heart Hospital to restructure the four businesses into a single company. Under the proposed arrangement, Aashka was to hold 70% of the new entity's equity, voting rights and control, with the acquisition price to be set through a valuation at the transaction date. The agreement was not assigned a size in the disclosure. The board had approved a ₹70,000 cash subscription for 70% of a proposed Aashka–Rhythm Hospitals subsidiary in July, which had not yet been incorporated. Aashka's operating revenue was ₹23.01 crore and profit after tax was ₹3.34 crore in FY26.
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Aashka Hospitals entered into a memorandum of understanding with Rhythm Medical Stores, Rhythm Multispeciality Hospital, Cardioplus Heart Care and Rhythm Medical & Heart Hospital to restructure the four businesses into a single company. Under the proposed arrangement, Aashka was to hold 70% of the new entity's equity, voting rights and control, with the acquisition price to be set through a valuation at the transaction date. The agreement was not assigned a size in the disclosure. The board had approved a ₹70,000 cash subscription for 70% of a proposed Aashka–Rhythm Hospitals subsidiary in July, which had not yet been incorporated. Aashka's operating revenue was ₹23.01 crore and profit after tax was ₹3.34 crore in FY26.
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March 31 (Reuters) - Aashka Hospitals Ltd AASK.BO:
RE-APPOINTS BIPINCHANDRA DINESHBHAI SHAH AS CHAIRMAN AND MANAGING DIRECTOR
Source text for Eikon: ID:nBSEbqqZmj
Further company coverage: AASK.BO
(([email protected];))
March 31 (Reuters) - Aashka Hospitals Ltd AASK.BO:
RE-APPOINTS BIPINCHANDRA DINESHBHAI SHAH AS CHAIRMAN AND MANAGING DIRECTOR
Source text for Eikon: ID:nBSEbqqZmj
Further company coverage: AASK.BO
(([email protected];))
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What does Aashka Hospitals do?
Aashka Hospitals Limited is an integrated healthcare service provider, offering quality services including prevention, treatment, and rehabilitation. It has treated over 2000 COVID-19 patients and aims to become a leading healthcare provider with modern facilities.
Who are the competitors of Aashka Hospitals?
Aashka Hospitals major competitors are Fortis MalarHospital, Tejnaksh Healthcare, Family Care Hospital, Global Longlife Hosp, Shalby, KMC Speciality Hosp., Dr Agarwals Eye Hosp. Market Cap of Aashka Hospitals is ₹168 Crs. While the median market cap of its peers are ₹94 Crs.
Is Aashka Hospitals financially stable compared to its competitors?
Aashka Hospitals seems to be financially stable compared to its competitors. The probability of it going bankrupt or facing a financial crunch seem to be lower than its immediate competitors.
Does Aashka Hospitals pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. Aashka Hospitals latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
How has Aashka Hospitals allocated its funds?
Companies resources are allocated to majorly unproductive assets like Cash & Short Term Investments, Capital Work in Progress, Inventory, Accounts Receivable, Short Term Loans & Advances
How strong is Aashka Hospitals balance sheet?
Balance sheet of Aashka Hospitals is strong. It shouldn't have solvency or liquidity issues.
Is the profitablity of Aashka Hospitals improving?
Yes, profit is increasing. The profit of Aashka Hospitals is ₹3.34 Crs for TTM, ₹3.27 Crs for Mar 2025 and ₹2.36 Crs for Mar 2024.
Is the debt of Aashka Hospitals increasing or decreasing?
The net debt of Aashka Hospitals is decreasing. Latest net debt of Aashka Hospitals is ₹3.91 Crs as of Mar-26. This is less than Mar-25 when it was ₹9.96 Crs.
Is Aashka Hospitals stock expensive?
Aashka Hospitals is expensive when considering the PE ratio, however latest EV/EBIDTA is < 3 yr avg EV/EBIDTA. Latest PE of Aashka Hospitals is 50.44, while 3 year average PE is 44.67. Also latest EV/EBITDA of Aashka Hospitals is 0 while 3yr average is 141.
Has the share price of Aashka Hospitals grown faster than its competition?
Aashka Hospitals has given better returns compared to its competitors. Aashka Hospitals has grown at ~20.35% over the last 4yrs while peers have grown at a median rate of -2.72%
Is the promoter bullish about Aashka Hospitals?
Promoters stake in the company seems stable, and we need to go through filings and allocation of resources to gauge promoter bullishness. Latest quarter promoter holding in Aashka Hospitals is 61.33% and last quarter promoter holding is 61.33%.
Are mutual funds buying/selling Aashka Hospitals?
There is Insufficient data to gauge this.