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Artemis Medicare Services Ltd Fundamental

Fundamental analysis, financial overview and key growth triggers for Artemis Medicare Services Ltd.

Published Date: 9 February 2025
Report Overview

Artemis Medicare Services Ltd. (AMSL), promoted by the Apollo Tyres Group, is among India's leading multi speciality healthcare providers. Established in 2007, the company operates its flagship 700+ bed super-speciality hospital in Gurugram (Delhi-NCR) and is expanding its footprint across India and select international markets.

The Gurugram facility offers quaternary care services across 40+ medical specialities and 14 Centres of Excellence, including Oncology, Cardiology, Neurosciences, Orthopaedics, Gastro Sciences, and Organ Transplants. It is the first hospital in Gurugram accredited by both Joint Commission International (JCI) and NABH, underscoring its adherence to global standards of quality, safety, and patient care.

The Indian healthcare delivery market is expected to expand from INR 4.5 trillion in FY24 to INR 6.9 trillion by FY28, led by growing urbanisation, rising income levels, increased insurance penetration, and higher demand for specialised tertiary and quaternary care.

India's Medical Value Travel (MVT) industry is expanding rapidly as the country emerges as a global hub for advanced, cost-effective medical care. Competitive treatment pricing, clinical expertise, and globally accredited hospitals like Artemis make India a preferred destination for international patients from Africa, CIS, and the Middle East.

The company reported a strong operating performance in Q3 FY26, with Revenue from Operations growing 17.2% YoY and PAT increasing 7.9% YoY, driven by an improved case mix, cost efficiencies, and operating leverage. The flagship Gurugram hospital continued

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