Nidan Laborator.

NSE: NIDAN · Healthcare Service Provider

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52W Range₹12 – ₹25

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Snapshot

Unlock Nidan Laborator.'s vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

Nidan Laboratories & Healthcare Ltd provides comprehensive diagnostic and healthcare services. The company operates a network of 35 diagnostic centres across Greater Mumbai under the Nidan Diagnostics brand.

Business Model

The company generates revenue by providing diagnostic imaging and testing services, including CT scans, MRIs, ultrasounds, 2D echos, and ECGs. It operates through a physical network of diagnostic centres located within the Greater Mumbai region.

  • Diagnostic Centres:35

Growth Outlook

Growth is expected to be driven by the expansion of diagnostic service offerings and the maintenance of its established footprint in the Mumbai healthcare market.

Key Risks

  • Regulatory Compliance. The diagnostic sector is subject to stringent healthcare regulations and licensing requirements that may impact operational costs.
  • Competitive Intensity. The healthcare diagnostic market in Mumbai is highly fragmented and competitive, which may exert pressure on pricing and margins.
  • Technological Obsolescence. Rapid advancements in diagnostic technology require continuous capital expenditure to maintain service quality and market relevance.

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Peers · Healthcare Service Provider

CompanyMkt CapP/EEV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
Nidan Laborator.NIDAN
₹19 Cr———18.9%——-29.9%
Suraksha Diagnostic Ltd.SURAKSHA
₹1,851 Cr50.0217.4722.5%32.7%15.8%18.6%+17.7%
Krsnaa Diagnostics Ltd.KRSNAA
₹1,817 Cr18.468.7510.2%32.5%10.5%13.3%-28.2%
3B BlackBio Dx Ltd3BBLACKBIO
₹1,229 Cr25.0814.7654.3%52.8%19.0%24.1%+18.1%
One Global Service Provider LimitedONEGLOBAL
₹1,062 Cr13.8810.52161.6%19.4%69.4%92.5%+93.2%
Gaudium IVF and Women Health LimitedGAUDIUMIVF
₹857 Cr———36.0%———

As of Mar 2026

Financials