Thyrocare Technologies Limited (NSE:THYROCARE): Commentary On Fundamentals

Attractive stocks have exceptional fundamentals. In the case of Thyrocare Technologies Limited (NSE:THYROCARE), there’s is a company with great financial health as well as a an impressive track record of performance. In the following section, I expand a bit more on these key aspects. For those interested in understanding where the figures come from and want to see the analysis, take a look at the report on Thyrocare Technologies here.

Flawless balance sheet with proven track record

Over the past few years, THYROCARE has demonstrated a proven ability to generate robust returns of 21% Unsurprisingly, THYROCARE surpassed the Healthcare industry return of 9.2%, which gives us more confidence of the company’s capacity to drive earnings going forward. THYROCARE’s strong financial health means that all of its upcoming liability payments are able to be met by its current cash and short-term investment holdings. This indicates that THYROCARE has sufficient cash flows and proper cash management in place, which is a key determinant of the company’s health. THYROCARE seems to have put its debt to good use, generating operating cash levels of 10.78x total debt in the most recent year. This is also a good indication as to whether debt is properly covered by the company’s cash flows.

NSEI:THYROCARE Income Statement Export January 24th 19
NSEI:THYROCARE Income Statement Export January 24th 19

Next Steps:

For Thyrocare Technologies, there are three relevant aspects you should further examine:

  1. Future Outlook: What are well-informed industry analysts predicting for THYROCARE’s future growth? Take a look at our free research report of analyst consensus for THYROCARE’s outlook.
  2. Valuation: What is THYROCARE worth today? Is the stock undervalued, even when its growth outlook is factored into its intrinsic value? The intrinsic value infographic in our free research report helps visualize whether THYROCARE is currently mispriced by the market.
  3. Other Attractive Alternatives : Are there other well-rounded stocks you could be holding instead of THYROCARE? Explore our interactive list of stocks with large potential to get an idea of what else is out there you may be missing!

To help readers see past the short term volatility of the financial market, we aim to bring you a long-term focused research analysis purely driven by fundamental data. Note that our analysis does not factor in the latest price-sensitive company announcements.

The author is an independent contributor and at the time of publication had no position in the stocks mentioned. For errors that warrant correction please contact the editor at editorial-team@simplywallst.com.