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TTK Healthcare Limited (TTKHLTCARE) Fair Value & Analysis

Healthcare · IN · Market cap ₹12.9B

TH TTK Healthcare Limited TTKHLTCARE · NSE
Price₹1,138
Fair Value₹598.21
Upside-47.5%
Quality47/100
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Expensive Growth
Thin margins · 7.7% net margin
Low debt · negative free cash flow
1.10% dividend yield
Trails peers (4/13)
Narrow moat 29/100
Evidence: High Range ₹592.64 – ₹612.31 Share as image

Fair value as of: Aug 13, 2026

From 17 valuation models · updated 4 days ago

Share price +16.1% over the past month.

Below-average quality, and screening another 47% overvalued on our models.

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What matters now

  • The price sits above even our optimistic bull case (₹612.31). The favourable scenario is already priced in.
  • Solid but not exceptional quality (47/100) and above fair value, neither a clear bargain nor a standout compounder.
  • The models converge in a tight band (₹592.64 to ₹612.31), unusually little disagreement for a valuation.
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Price vs Fair Value (5 years)

₹1,829 ₹547.28 Fair Value ₹598.21 Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range ₹547.28 – ₹1,829 · fair‑value band ₹592.64 – ₹612.31 · the ₹1,138 price screens above the ₹598.21 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

TTK Healthcare Limited (TTKHLTCARE) currently trades at ₹1,138, while our model-based Fair Value estimate is ₹598.21, implying the stock looks roughly 47.5% overvalued today. The Quality Score stands at 47/100 (below-average quality), in the Healthcare sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, TTK Healthcare Limited generated revenue of ₹8.6B at a net margin of 7.7%. Revenue grew 14.5% year over year. It earns a return on equity of 6.0%. Net debt stands at ₹25.0M. Fundamentals as of Aug 13, 2026

Our scenario range runs from ₹592.64 (bear case) to ₹612.31 (bull case); at ₹1,138, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 18% below its 52-week high and 55% above its 52-week low, currently above its 200-day average. For context, the median of 10 Healthcare peers we cover trades at -20% fair-value upside, at -47%, TTKHLTCARE screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Residual Income ₹618.99 ₹635.82 ₹639.73 76
ROIC Compounder ₹74.18 ₹83.96 ₹92.52 72
Gordon GGM ₹91.82 ₹190.91 ₹302.86 70
All 17 models by family
DCF Models
Owner Earnings ₹584.77 ₹935.97 ₹1,490 31
Earnings-Based
Graham-Dodd ₹316.08 ₹1,104 ₹1,485 54
Lynch FV ₹257.05 ₹367.21 ₹477.37 50
PEG = 1.0 ₹257.05 ₹367.21 ₹477.37 46
EPV ₹74.18 ₹83.96 ₹92.52 59
Dividend Discount
Gordon GGM ₹91.82 ₹190.91 ₹302.86 70
DDM Multi-Stage ₹91.82 ₹160.32 ₹200.36 61
Multiples
P/E Multiple ₹766.95 ₹1,023 ₹1,278 63
P/S Multiple ₹592.64 ₹790.19 ₹987.74 58
P/B Multiple ₹592.64 ₹790.19 ₹987.74 55
EV/EBIT ₹172.64 ₹225.02 ₹277.40 53
EV/EBITDA ₹209.99 ₹274.83 ₹339.66 54
EV/Revenue ₹127.65 ₹175.72 ₹223.79 43
Asset-Based
NCAV (Graham) ₹394.49 ₹528.61 ₹788.98 50
Economic Profit
Residual Income ₹618.99 ₹635.82 ₹639.73 76
ROIC Compounder ₹74.18 ₹83.96 ₹92.52 72
Growth Earnings
Growth-Adj P/E ₹657.36 ₹939.08 ₹1,221 68

Widest divergence: Growth Earnings (₹939.08) versus Economic Profit (₹83.96). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) ₹8.6B
Revenue growth (YoY) +14.5%
Net margin 7.7%
Return on equity 6.0%
Free cash flow −₹270M FY2026
P/E ratio 24.5
More key figures
Operating margin 4.1%
EPS (TTM) ₹46.46
Dividend yield 1.1%
EPS growth (YoY) +34.7%
Net debt ₹25.0M FY2026

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 47/100

Of which business quality 46 · Market factors (momentum, volatility) 62

Profitability 39
Margins and returns on capital today
Quality Growth 16
Are margins and returns improving?
Cashflow 7
Earnings quality: real cash, not paper profit
Fin. Strength 69
Balance sheet, leverage, solvency risk
Investment 84
Disciplined investing over empire-building
Low Volatility 87
Calm price path (market factor)
Momentum 55
Price trend over the last 3–12 months (market factor)
52W Momentum 48
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

TTK Healthcare Limited engages in the animal welfare, consumer product, medical device, protective device, food, and other businesses in India. It operates through Animal Welfare, Consumer Products, Medical Devices, Protective Devices, Foods, and Others segments.

Full company description

TTK Healthcare Limited engages in the animal welfare, consumer product, medical device, protective device, food, and other businesses in India. It operates through Animal Welfare, Consumer Products, Medical Devices, Protective Devices, Foods, and Others segments. The Animal Welfare segment offers various feed supplements, liver correctives, fertility inducers, antibiotics, antiparasiticides, antispasmodics, cervical dilators, cocktail enzymes, etc. to veterinarians, dairy, poultry and aqua farmers, and pet parents. The Consumer Products segment is involved in the marketing and distribution of baby care products under the Woodward's Gripe water name; personal care products and cosmetics under the EVA name; home care products, such as scrubbers under the Good Home name; and air fresheners. The Medical Devices segment manufactures and markets artificial heart valves under the TTK Chitra name, as well as orthopedic implants and instruments for knee and hip replacements. The Protective Devices segment manufactures and markets sexual wellness products, including male contraceptives under the Skore brand name, and other allied products. The Foods segment engages in the manufacturing and marketing of food products, including papads under the Fryums name; and cereal, potato, rice, pulses, and corn-based products. The Others segment prints and publishes maps, atlases, guidebooks, and educational publications under the TTK brand name. The company was founded in 1928 and is headquartered in Chennai, India. TTK Healthcare Limited operates as a subsidiary of TT Krishnamachari & Co., Ltd.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

TTK Healthcare Limited reported revenue of ₹8.6B in FY2026 versus ₹6.0B in FY2022, a compound +9.4%/yr. Reported net income was ₹657M in FY2026, compounding +12.1%/yr from FY2022.

Growth Quality 49/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2026)
₹8.6B
Latest YoY
−1.8%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+5.7%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+12.5%
Avg. growth/yr (21Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+8.6%
Revenue +9.4%/yr
FY22 ₹6.0B
FY23 ₹7.3B
FY24 ₹7.5B
FY25 ₹8.7B
FY26 ₹8.6B
Net income +12.1%/yr
FY22 ₹416M
FY23 ₹6.4B
FY24 ₹628M
FY25 ₹817M
FY26 ₹657M
Character of growth · EPS growth decomposed (2015-2026) +15.3 % p.a.
Revenue per share +5.5 pp

of which total revenue +5.5 pp · buybacks/dilution +0.0 pp

EBIT margin +15.8 pp
Tax rate +2.1 pp
Residual (interest, one-offs) −8.1 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

TTKHLTCARE screens 47% overvalued. Compare with Eli Lilly and Company →

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Cite: Fair Value Calculator (2026). "TTK Healthcare Limited Fair Value". https://www.fairvalue-calculator.com/stock/TTKHLTCARE

Peer Group

Drug Manufacturers - General · 77 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 47 · Below median
Fair Value upside −48% · Below median
Return on equity (TTM) 6% · Below median
Return on assets 1% · Bottom 25%
Net margin (TTM) 8% · Below median
Operating margin (TTM) 4% · Bottom 25%
Revenue growth 15% · Above median
Dividend yield (TTM) 1.1% · Below median

Valuation Multiples vs Drug Manufacturers - General median · lower = cheaper

P/E (TTM) 24.5× · Pricier than median
P/B 1.16× · Cheaper than 75% of peers
P/S (TTM) 1.50× · Cheaper than 75% of peers
EV/EBITDA 49.8× · Pricier than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 0
FUTURE 73 · sector 25
PAST 24 · sector 49
HEALTH 100 · sector 94
DIVIDEND 22 · sector 45

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Drug Manufacturers - General stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Eli Lilly and Company LLY $1,220 $389.47 -68%
Johnson & Johnson, JNJ $260.86 $169.04 -35%
AbbVie Inc ABBV $248.76 $67.72 -73%
Roche Holding 1RO €392.80 €240.14 -39%
Merck & Co MRK €115.42 €118.21 +2%
Novartis AG NVSN 2,742 MXN 1,964 MXN -28%
AstraZeneca PLC AZN $158.50 $127.32 -20%
Novo Nordisk A/S NOVOB kr 299.50 kr 409.46 +37%
Sanofi SNYN 770.00 MXN 1,041 MXN +35%
GSK plc GSKN 917.00 MXN 879.08 MXN -4%

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Frequently asked questions

Is TTK Healthcare Limited (TTKHLTCARE) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of ₹598.21 versus a price of ₹1,138, about −47% (overvalued).
What is the fair value of TTKHLTCARE?
Our model-based fair value for TTK Healthcare Limited is ₹598.21 (as of Aug 13, 2026), built from audited fundamentals. The current price is ₹1,138.
What is the quality score of TTKHLTCARE?
TTK Healthcare Limited has a Quality Score of 47/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of TTK Healthcare Limited (TTKHLTCARE)?
TTK Healthcare Limited reported trailing-twelve-month revenue of about ₹8.6B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of TTKHLTCARE?
The net profit margin of TTK Healthcare Limited is about 7.7%, meaning it keeps roughly 7.7% of revenue as net income. Based on the latest reported figures.
Does TTK Healthcare Limited pay a dividend?
TTK Healthcare Limited currently shows a dividend yield of about 1.10% relative to its recent price (as of Aug 13, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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