Aashka Hospitals Limited - healthcare in Gandhinagar, Gujarat, India. FY 2026 financials & compliance.
CIN L85110GJ2012PLC072647 Incorporated 09 November 2012 ROC Ahmedabad HQ Gandhinagar, Gujarat, India
Active Listed - BSE: 543346 Public Limited Company healthcare MSME · Small
Data last updated
Market Cap
₹234 Cr
AASHKA · BSE
Share Price
₹99.90
-3.85% today
Revenue
₹23.01 Cr
FY 2025-26 · +1.6% YoY
EBITDA
₹5.24 Cr
Margin 22.8%
Net Profit
₹2.83 Cr
FY 2025-26 · +21.5% YoY
P/E (TTM)
88.6x
P/B 2.4x
Authorised capital
₹25 Cr
Registered with MCA
Paid-up capital
₹23.37 Cr
Issued & subscribed

About Aashka Hospitals Limited

Data last updated:

Aashka Hospitals Limited is a public limited company based in Gandhinagar, Gujarat, India. It operates in the hospital and clinical services segment of the healthcare sector. It was incorporated on 09 November 2012 and has been in existence for over 14 years.

The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN L85110GJ2012PLC072647. Its GSTIN is 24AALCA2155N1ZI (Gujarat). Its shares are listed on BSE: 543346.

The company has an authorised share capital of ₹25 Cr and a paid-up capital of ₹23.37 Cr. It was formerly known as Aashka Hospitals Private Limited. It is led by directors including Bipinchandra Dineshbhai Shah (Managing Director) and Umang Ashwinbhai Shah.

Its last annual general meeting (AGM) was held on 24 September 2026, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Between Sargasan & Reliance Cross Road Sargasan, Gandhinagar, Gujarat, India – 382421.

As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹23.01 Cr, a growth of 1.6% compared to the previous year. For the same year it recorded a net profit of ₹2.83 Cr (net margin 12.3%) and EBITDA of ₹5.24 Cr (EBITDA margin 22.8%). The net worth stands at ₹103.27 Cr (up 3.7% YoY). Total assets are valued at ₹112.35 Cr (down 0.5% YoY).

The company has about 132 employees on its provident fund (EPFO) records.

The company is associated with 1 brand: Aashka Hospital. As per MCA filings, the company has open charges of ₹85.27 Cr and satisfied charges of ₹9.13 Cr on record. Court records list 3 cases involving the company, including 1 filed by the company and 2 filed against it. The company has 14 deals on record (10 market trades, 2 secondary share transfers, 1 ipo), with disclosed funding of ₹20 Cr; the latest was in January 2024. Its 10 peer companies in the Healthcare industry (Multi Specialty Hospitals) are compared by revenue, 5 larger and 5 smaller; the largest is Kanate Hospitals Pvt Ltd with revenue of ₹26.16 Cr. The company has 4 MSME Form 1 returns on record between 2019 and 2021, listing 12 overdue payments to 9 micro and small suppliers.

Aashka Hospitals Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-09-0001275). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website aashkahospitals.in.

Company Details of Aashka Hospitals Limited
CIN L85110GJ2012PLC072647
Registration Number 072647
Incorporation Date 09 November 2012
ROC Ahmedabad
Listing Status Listed (BSE: 543346)
Company Status Active
Date of Last AGM 24 September 2026
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-GJ-09-0001275

CIN History of Aashka Hospitals Limited

Aashka Hospitals has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L85110GJ2012PLC072647, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
L85110GJ2012PLC072647Current
U85110GJ2012PLC072647Previous
U85110GJ2012PTC072647Previous

Recognitions & Rankings of Aashka Hospitals

MSME (Udyam registered) Ministry of MSME
Category
Small (2024-25)
Udyam number
UDYAM-GJ-09-0001275
Contact Details
  • Email
    Locked
  • Telephone
    Locked
  • Social Media
  • Registered Address
    Between Sargasan & Reliance Cross Road Sargasan, Gandhinagar, Gujarat, India – 382421
  • Industry
    Healthcare, Hospitals
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Financials from 2015 Directors & ownership Charges & compliance

Associated Brands with Aashka Hospitals Limited

Aashka Hospitals operates one associated brand: Aashka Hospital. Each brand links to its own profile.

BrandDescriptionWebsite
Multispecialty and super specialty hospital services are offered.aashkahospitals.in

Business Activity of Aashka Hospitals Limited

The main business activity of Aashka Hospitals is hospital and medical care. In detail, this covers hospital activities.

Main Activity Group CodeDescription of Main ActivityBusiness Activity CodeDescription of Business ActivityTurnover Percentage
QHospital and Medical CareQ1Hospital activitiesLocked
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Business activity turnover details

Turnover share and past changes in activity are in the company report.

  • Turnover contribution
  • Historical classifications
  • Filing-level activity changes

Verified entity values are shown only after access is granted.

Financials of Aashka Hospitals Limited FY 2025-26 filings available

Aashka Hospitals Limited reported revenue of ₹23.01 Cr (up 1.6% YoY) for FY 2025-26.

Financial Highlights

FY 2025-26 · Standalone
Revenue
₹23.01 Cr
+1.6% YoY
EBITDA
₹5.24 Cr
+22.7% YoY
Profit After Tax
₹2.83 Cr
+21.5% YoY
Net Worth
₹103 Cr
+3.7% YoY
Total Assets
₹112 Cr
-0.5% YoY
Total Debt
₹8.24 Cr
-34.7% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue23.0122.6522.8718.9439.7340.6927.23
Revenue growth+1.6%-1.0%+20.8%-52.3%-2.4%+49.4%-
EBITDA5.244.274.460.358.569.978.81
EBITDA margin+22.8%+18.9%+19.5%+1.9%+21.6%+24.5%+32.4%
Profit before tax3.953.862.85(2.57)2.834.111.37
Net profit2.832.332.37(2.57)2.364.111.37
Net profit margin+12.3%+10.3%+10.4%-13.6%+5.9%+10.1%+5.0%
EPS (₹)1.431.401.01(1.10)1.012.290.77
Balance sheet
Total assets11211311712412657.7555.74
Net worth10399.5496.2893.9296.5729.2524.19
Total debt8.2412.6120.3929.1928.2127.8730.92
Cash & bank4.322.591.983.061.072.934.37
Net working capital13.449.416.379.768.786.3511.37
Cash flow
Cash from operations7.799.197.181.01(62.63)14.50(0.96)
Cash from investing(2.82)(1.38)(0.63)(0.07)(1.87)(7.98)(0.24)
Cash from financing(3.24)(7.20)(7.62)1.0562.64(7.97)4.16

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 20 Oct 2026
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue23.0122.6522.8718.9439.7340.6927.23
Revenue growth+1.6%-1.0%+20.8%-52.3%-2.4%+49.4%-
Other income2.864.264.223.100.130.000.02
Total expenses17.7718.3818.4118.5931.1730.7218.42
Employee cost0.003.823.473.464.754.734.24
EBITDA5.244.274.460.358.569.978.81
EBITDA margin+22.8%+18.9%+19.5%+1.9%+21.6%+24.5%+32.4%
Depreciation2.972.952.922.932.902.612.56
Interest1.181.722.913.092.963.254.90
Profit before tax3.953.862.85(2.57)2.834.111.37
Tax0.620.600.490.000.470.000.00
Net profit2.832.332.37(2.57)2.364.111.37
Net profit margin+12.3%+10.3%+10.4%-13.6%+5.9%+10.1%+5.0%
EPS (₹)1.431.401.01(1.10)1.012.290.77
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital23.4023.3723.3723.3723.3718.0017.91
Reserves & surplus79.8776.1772.9170.5573.2011.256.28
Shareholders' funds (net worth)10399.5496.2893.9296.5729.2524.19
Secured loans5.605.507.4612.8916.4420.1522.38
Unsecured loans2.647.1112.9316.3011.777.728.54
Total debt8.2412.6120.3929.1928.2127.8730.92
Total liabilities11211311712412657.7555.74
Assets
Gross block68.7067.0166.0565.8665.8463.9755.99
Net block39.5140.7942.7845.4748.4649.4944.12
Capital work in progress2.000.880.450.050.000.000.00
Investments0.000.000.000.000.000.000.00
Inventories0.390.400.370.400.550.540.64
Sundry debtors6.974.724.826.867.827.326.75
Cash & bank balances4.322.591.983.061.072.934.37
Loans & advances5.244.853.313.672.972.893.91
Total current assets16.9212.5610.4813.9912.4113.6815.67
Total current liabilities3.483.154.114.233.637.334.30
Net working capital13.449.416.379.768.786.3511.37
Total assets11211311712412657.7555.74
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash2.591.983.061.072.934.371.41
Net cash from operating activities7.799.197.181.01(62.63)14.50(0.96)
Net cash from investing activities(2.82)(1.38)(0.63)(0.07)(1.87)(7.98)(0.24)
Net cash from financing activities(3.24)(7.20)(7.62)1.0562.64(7.97)4.16
Net change in cash1.730.61(1.08)1.99(1.86)(1.44)2.96
Closing cash4.322.591.983.061.072.934.37
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+1.6%-1.0%+20.8%-52.3%-2.4%+49.4%-
EBITDA growth+22.7%-4.3%+1174.3%-95.9%-14.1%+13.2%-
PBT growth+2.3%+35.4%+9998.0%--31.1%+200.0%+0.7%
Net income growth+21.5%-1.7%+192.2%-208.9%-42.6%+200.0%-
Revenue CAGR (3Y)+6.7%-17.1%-17.5%-11.4%+12.8%--
EBITDA CAGR (3Y)+146.5%-20.7%-23.5%-65.9%-3.7%--
Profitability & leverage
Net income margin+14.5%+14.4%+10.3%-13.6%+5.9%+10.1%+5.0%
Return on capital employed-+4.0%+4.7%0.0%+6.0%+11.2%+9.8%
Return on net worth-+2.3%+2.4%0.0%+3.5%+11.6%+4.4%
Debt / equity-0.170.260.300.451.101.62
Long-term debt / equity-0.070.130.170.290.851.26
Interest cover51.98130.30188.96-119.7752.3044.1678.40
Efficiency & per share
Fixed asset turnover-0.340.350.290.610.680.49
Inventory turnover-58.8359.4039.8772.9068.9749.51
Debtors turnover-4.753.922.585.255.785.33
EPS (₹)1.431.401.01(1.10)1.012.290.77
Dividend per share (₹)0.000.000.000.000.000.000.00
Book value per share (₹)0.0042.6041.2040.1941.3216.2513.51
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Board of Directors of Aashka Hospitals Limited

Aashka Hospitals has 4 current directors and 13 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Umang Ashwinbhai ShahDirector07 Oct 20224 Years 0 MonthsCurrent
Bipinchandra Dineshbhai ShahManaging Director09 Nov 201213 Years 11 MonthsCurrent
Shreyarthi Bipin ShahDirector22 Jun 20188 Years 3 MonthsCurrent
Jigar Kanakchandra TrivediDirector01 Nov 20241 Years 11 MonthsCurrent

Peer Comparison of Aashka Hospitals Limited

Aashka Hospitals Limited is compared with the companies closest to it by revenue in the Healthcare industry (Multi Specialty Hospitals). Net profit, margin and employee counts of each company are in the company report.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Kanate Hospitals Pvt Ltd₹26.16 Cr (FY 2025)••••••••10.0%••••Cannanore, Kerala, India
Prudential Management Service Private Limited₹26.16 Cr (FY 2025)••••••••3864.0%••••Chennai, Tamil Nadu, India
Phoenix Hospital & Diagnostic Centre Private Limited₹26.12 Cr (FY 2025)••••••••98.0%••••Kolkata, West Bengal, India
Hospitalia Eastern Private Limited₹26.11 Cr (FY 2025)••••••••630.0%••••New Delhi, Delhi, India
Dr. Muthus Hospital Private Limited₹26.01 Cr (FY 2025)••••••••46.0%••••Coimbatore, Tamil Nadu, India
Supreme Speciality Hospitals Private Limited₹25.94 Cr (FY 2025)••••••••35.0%••••Chennai, Tamil Nadu, India
Senthil Multi Speciality Hospital Private Limited₹25.87 Cr (FY 2024)••••••••42.0%••••Erode, Tamil Nadu, India
Parekhs Hospital Private Limited₹25.81 Cr (FY 2025)••••••••-3.0%••••Ahmedabad, Gujarat, India
Gajanan Hospitals Private Limited₹25.78 Cr (FY 2025)••••••••0.0%••••Chennai, Tamil Nadu, India
Trinity Heart Foundation Private Limited₹25.73 Cr (FY 2025)••••••••40.0%••••Bangalore, Karnataka, India
Aashka Hospitals Limited this company₹23.01 Cr (FY 2026)••••••••1.6%••••Gandhinagar, Gujarat, India

Peers are the five companies nearest above and the five nearest below Aashka Hospitals by revenue in the Healthcare industry (Multi Specialty Hospitals), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.

Auditor Details of Aashka Hospitals Limited

Aashka Hospitals Limited is audited by SINGHI & CO. for the financial year 2022.

NameStatusAppointment DateCessation Date
SINGHI & CO.LockedLockedLocked
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Complete auditor history

Appointment and cessation dates and past auditor changes are in the company report.

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Shareholding Pattern of Aashka Hospitals Limited

Shareholding for the quarter ended Sep 2026: promoters hold 61.30%, foreign institutional investors hold 0.00%, domestic institutional investors hold 0.00% and retail and other public shareholders hold 38.70%.

Promoters: 61.30%Retail & Others: 38.70%
Sep 2026
QUARTER
61.30% Promoters
38.70% Retail & Others
Promoter holding - history
Now 61.30% · Sep 2026High 61.30% · Dec 2025Low 61.30% · Dec 2025
60%60.8%61.5%62.3%63%Dec 2025Mar 2026Jun 2026Sep 2026Dec 2025: 61.30%Mar 2026: 61.30%Jun 2026: 61.30%Sep 2026: 61.30%61.30%61.30%
Shareholding trend - last 6 quarters
Sep 2026Jun 2026Mar 2026Dec 2025
Promoters61.30%61.30%61.30%61.30%
Public38.70%38.70%38.70%38.70%

Charges & Borrowings of Aashka Hospitals Limited

Open charges
₹85.27 Cr
Satisfied charges
₹9.13 Cr
Breakdown by lending institutions
Bank of India₹82.86 Cr
Others₹2.41 Cr
Latest charge details
DateLenderAmountStatus
21 Jul 2026Bank of India₹3.8 CrOpen
18 Jun 2026Bank of India₹84 LakhOpen
05 Jun 2026Bank of India₹7 CrOpen
24 Jun 2021Bank of India₹5 CrOpen
23 Mar 2021Bank of India₹4.99 CrOpen

Total charge records: 12 View all charges

Deals & Funding of Aashka Hospitals Limited

Aashka Hospitals Limited has 14 deals on record (10 market trades, 2 secondary share transfers, 1 ipo), with disclosed funding of ₹20 Cr; the latest was in January 2024.

Total deals
14
Market trades
10
Secondary share transfers
2
IPO
1
Funding round
1
Disclosed funding
₹20 Cr

Deals on record (5 of 14)

WhenDealAmountParties
Jan 2024Market trade₹1.68 CrBuyer: Sampati Securities Limited , an individual
Seller: Eklingji Tradelink Private Limited
Jan 2023Market trade₹1.52 CrBuyer: Multiplier Share and Stock Advisors Private Limited
Seller: Multiplier Share and Stock Advisors Private Limited , an individual
Nov 2022Market trade₹1.42 CrBuyer: an individual
Seller: Shaswat Stock Brokers Private Limited
Dec 2021Market trade₹72.1 LakhBuyer: Rikhav Securities Limited
Seller: Rikhav Securities Limited
Sep 2021Market trade₹5.48 CrBuyer: Topgain Finance Private Limited , an individual
Seller: an individual
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Full deal history

All 14 deals with amounts, valuations, instruments and every party are in the company report.

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Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

MSME Payment Delays by Aashka Hospitals Limited

Aashka Hospitals Limited has 4 MSME Form 1 returns on record between 2019 and 2021, listing 12 overdue payments to 9 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.

Suppliers with reported dues (5 of 9)

SupplierAmount dueDue sinceReported on
an individual supplier••••••••••••
an individual supplier••••••••••••
Deep Medical Devices Private Limited••••••••••••
an individual supplier••••••••••••
an individual supplier••••••••••••
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Full MSME payment history

Every supplier, amount and due date from all 4 MSME Form 1 returns is in the company report.

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Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.

Employees and EPFO Compliance at Aashka Hospitals Limited

Aashka Hospitals Limited has a workforce of 132 employees as of Mar 21, 2024.

Employee count
132
Active EPFO establishments
1
Employee growth
-11.41%
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Employee and EPFO history

Monthly headcount, contribution history and filing status are in the company report.

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Recent Activity on Aashka Hospitals Limited

Aashka Hospitals Limited has 25 board changes on record since 2012: 15 appointments and 10 cessations. The latest: Hiteshkumar Ramanlal Shah ceased to be Director on 28 Jan 2025.

AGM
Aashka Hospitals Limited last Annual general meeting of members was held on 24 Sep 2026 as per latest MCA records.
Charges
A charge with Bank Of India amounted to Rs. 3.80 Cr with Charge ID 101348060 was registered on 21 Jul 2026.
Charges
A charge with Bank Of India amounted to Rs. 0.84 Cr with Charge ID 101349021 was registered on 18 Jun 2026.
Charges
A charge registered on 27 Oct 2021 via Charge ID 100526826 with Bank Of India was fully satisfied on 09 Jun 2026.
Charges
A charge with Bank Of India amounted to Rs. 7.00 Cr with Charge ID 101330869 was registered on 05 Jun 2026.
Filing
Aashka Hospitals Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Ahmedabad.
Ceased
Hiteshkumar Ramanlal Shah ceased to be Director.
Appointed
Jigar Kanakchandra Trivedi was appointed as Director.
Ceased
Parag Rameshchandra Thaker ceased to be Director.
Appointed
Mayank Agarwal was appointed as Company Secretary.
Appointed
Umang Ashwinbhai Shah was appointed as Director.
Ceased
Bhavesh Nareshbhai Sonesara ceased to be Company Secretary.

34 earlier events are listed in the company report.

Credit Ratings, Litigation & Regulatory Alerts for Aashka Hospitals Limited

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Subsidiaries & Group Companies of Aashka Hospitals Limited

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Corporate group structure

Parent, subsidiary, associate and joint venture records with holdings are in the company report.

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GST Compliance of Aashka Hospitals Limited

Aashka Hospitals has 1 GST registration: 1 active.

Total GSTINs
1
Active
1
GSTINStateStatusRegistered on
24AALCA2155N1ZIGujaratActive01 Jul 2017
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GST registrations and filing compliance

State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.

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MCA Filings & Documents of Aashka Hospitals Limited

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MCA filings and documents

Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.

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Frequently Asked Questions about Aashka Hospitals Limited

Aashka Hospitals is an active public limited company based in Gandhinagar, Gujarat, India. The company works in hospitals, within the healthcare industry. It was incorporated on 09 November 2012 (14+ years old) and is registered under CIN L85110GJ2012PLC072647. Listed on BSE: 543346.

Aashka Hospitals reported revenue of ₹23.01 Cr for FY 2025-26 (up 1.6% YoY) based on standalone financials.

Aashka Hospitals has 4 current directors:

The GSTIN of Aashka Hospitals is 24AALCA2155N1ZI, registered in Gujarat.

The CIN (Corporate Identification Number) of Aashka Hospitals is L85110GJ2012PLC072647. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes. Aashka Hospitals is listed on BSE with code 543346.

Aashka Hospitals has 3 court cases on record: 1 filed by the company and 2 filed against it.

Aashka Hospitals was incorporated on 09 November 2012, making it 14+ years old. It is registered with the Registrar of Companies, Ahmedabad.

Aashka Hospitals has 14 deals on record (10 market trades, 2 secondary share transfers, 1 ipo), with disclosed funding of ₹20 Cr; the latest was in January 2024.

The peers of Aashka Hospitals by revenue are Kanate Hospitals Pvt Ltd, Prudential Management Service Private Limited, Phoenix Hospital & Diagnostic Centre Private Limited, Hospitalia Eastern Private Limited, Dr. Muthus Hospital Private Limited and 5 more, all in the Healthcare industry (Multi Specialty Hospitals).

Hiteshkumar Ramanlal Shah ceased to be Director on 28 Jan 2025. Jigar Kanakchandra Trivedi was appointed as Director on 01 Nov 2024. Parag Rameshchandra Thaker ceased to be Director on 12 Jul 2023. Aashka Hospitals has 25 board changes on record in total.

Yes, Aashka Hospitals is registered as a small enterprise under Udyam registration (number: UDYAM-GJ-09-0001275).

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