Aster DM Quality Care ASTERDM
Merged hospital group (Aster DM Healthcare + Blackstone-backed Quality Care India, effective 1 Jul 2026) running Aster, CARE Hospitals, KIMSHEALTH and Evercare across south and central India
Mapped in 1 theme: Hospitals & Healthcare.
Where Aster DM Quality Care sits in the supply chain
Aster DM Quality Care appears in 1 supply-chain layer in one theme, Hospitals & Healthcare.
Hospitals & Healthcare › Multi-specialty hospital chains
OperatorOther companies in this layer
Revenue and profit
| ₹ Cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 10,253 | 2,994 | 3,699 | 4,138 | 4,643 |
| Net profit | 601 | 475 | 212 | 5,408 | 427 |
Latest-year revenue ₹4,643 Cr (FY26, company-wide).
Note: Figures before Jul 2026 are Aster DM Healthcare alone; the Quality Care merger took effect on 1 Jul 2026.
Strengths
- Merger creates one of India's three largest chains (~10,600 beds per ICICI Securities) with a 15,000-bed target by FY30
- Strong positions in Kerala, Karnataka, Hyderabad and Andhra Pradesh
- Gulf business was separated in 2024, leaving a pure India hospital play
Risks
- Integration of four brands and two management teams
- Blackstone and the founding family share control - board and governance transitions
- New-bed ramp-up and acquisition goodwill
Common questions
What does Aster DM Quality Care do?
Merged hospital group (Aster DM Healthcare + Blackstone-backed Quality Care India, effective 1 Jul 2026) running Aster, CARE Hospitals, KIMSHEALTH and Evercare across south and central India.
Where does Aster DM Quality Care sit in the supply chain?
Aster DM Quality Care (NSE: ASTERDM) is mapped in 1 supply-chain layer: Multi-specialty hospital chains (Hospitals & Healthcare).
Who are Aster DM Quality Care's peers?
In the Multi-specialty hospital chains layer of Hospitals & Healthcare: Apollo Hospitals Enterprise, Max Healthcare Institute, Manipal Health Enterprises (Manipal Hospitals), Fortis Healthcare, Global Health (Medanta), Narayana Hrudayalaya (Narayana Health) and 5 more.
What is Aster DM Quality Care's market cap and valuation?
As of 6 Nov 2026: market cap ₹62,129 Cr, P/E 172.0x, ROCE 11.6%, ROE 11.3%, dividend yield 0.42%.