Thyrocare Technologies Ltd
NSE:THYROCARE

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Thyrocare Technologies Ltd Logo
Thyrocare Technologies Ltd
NSE:THYROCARE
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Price: 400.15 INR -1.85% Market Closed
Market Cap: ₹63.7B

Gross Margin

73.2%
Current
Improving
by 2.3%
vs 3-y average of 70.9%

Gross Margin shows how much money a company keeps from each dollar of sales after paying for the products it sells. It tells how profitable the company`s core business is before other expenses.

Gross Margin
73.2%
=
Gross Profit
₹5.8B
/
Revenue
₹7.9B

Gross Margin shows how much money a company keeps from each dollar of sales after paying for the products it sells. It tells how profitable the company`s core business is before other expenses.

Gross Margin
73.2%
=
Gross Profit
₹5.8B
/
Revenue
₹7.9B

Peer Comparison

Country Company Market Cap Gross
Margin
IN
Thyrocare Technologies Ltd
NSE:THYROCARE
63.6B INR
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US
CVS Health Corp
NYSE:CVS
97.3B USD
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US
Cigna Group
XMUN:CGN
65.2B EUR
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US
Cigna Corp
NYSE:CI
74.6B USD
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DE
Fresenius SE & Co KGaA
XETRA:FRE
29.3B EUR
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DE
Fresenius Medical Care AG
XMUN:FME
24.2B EUR
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US
Laboratory Corporation of America Holdings
NYSE:LH
23.3B USD
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US
Quest Diagnostics Inc
NYSE:DGX
22.2B USD
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DE
Fresenius Medical Care AG & Co KGaA
XETRA:FME
11.9B EUR
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US
Guardant Health Inc
NASDAQ:GH
12.9B USD
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US
DaVita Inc
NYSE:DVA
10.4B USD
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Market Distribution

Higher than 85% of companies in India
Percentile
85th
Based on 4 996 companies
85th percentile
73.2%
Low
-3 052.3% — 26.9%
Typical Range
26.9% — 53.3%
High
53.3% — 8 269.1%
Distribution Statistics
India
Min -3 052.3%
30th Percentile 26.9%
Median 39%
70th Percentile 53.3%
Max 8 269.1%

Thyrocare Technologies Ltd
Glance View

Market Cap
63.7B INR
Industry
Health Care

Thyrocare Technologies Ltd. engages in provison of indepedent diagnostic and pathological laboratory services. The company is headquartered in Navi Mumbai, Maharashtra and currently employs 2,115 full-time employees. The company went IPO on 2016-05-09. The firm operates with a centralized processing laboratory (CPL) in Mumbai, India for esoteric tests, and regional processing laboratory in metro cities of India and other parts of Asia. The firm offers technologies, including Chemiluminescence Immunoassay (CLIA), Enzyme Linked Immunosorbent Assay (ELISA), High Performance Liquid Chromatography (HPLC), Capillary Electrophoresis (CE), Ion Selective Electrode (ISE), Fluorescence Flow Cytometry, Nephelometry, Photometry, Liquid Chromatography Mass Spectrometry (LC-MS), Inductively Coupled Plasma-Mass Spectrometry (ICP-MS) and Cytogenetics. The firm offers various kinds of tests, such as Aarogyam X, Aarogyam XL, Aarogyam 1.1, Aarogyam 1.2 and Covid Antibody GT. The company also offers Thyroxine (T4), Triiodothyronine (T3), Thyroid-stimulating hormone and Complete Vitamin Profile tests.

THYROCARE Intrinsic Value
243.41 INR
Overvaluation 39%
Intrinsic Value
Price
What is Gross Margin?
Gross Margin shows how much money a company keeps from each dollar of sales after paying for the products it sells. It tells how profitable the company`s core business is before other expenses.
How is Gross Margin calculated?

Gross Margin is calculated by dividing the Gross Profit by the Revenue.

Gross Margin
73.2%
=
Gross Profit
₹5.8B
/
Revenue
₹7.9B
What is Thyrocare Technologies Ltd's current Gross Margin?

The current Gross Margin for Thyrocare Technologies Ltd is 73.2%, which is above its 3-year median of 70.9%.

How has Gross Margin changed over time?

Over the last 3 years, Thyrocare Technologies Ltd’s Gross Margin has increased from 68.7% to 73.2%. During this period, it reached a low of 68.4% on Mar 31, 2023 and a high of 73.2% on Jan 1, 2026.

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