Doctrack Solutions Limited

Doctrack Solutions Limited

NNSE:DHTL
22.00
INR
-0.30
(-1.35%)
155.57MMarket Cap
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
22.59
39.53
104.62
127.29
132.91
- -
Basic EPS, GAAP
1.76
2.93
6.2
0.6
-6.45
- -
Free Cash Flow per Basic Share
-1.7
-7.69
-7.74
-9.25
21.26
- -
Dividend per Share
- -
- -
- -
- -
- -
- -
Book Value per Share
1.48
4.41
11.06
33.01
26.56
26.56
Tangible Book Value per Share
1.09
2.88
4.51
5.92
-10.37
-10.37
Basic Weighted Avg Shares
3
3
3
3
3
3
Sales/Revenue/Turnover
71
124
329
400
418
- -
Operating Margin (%)
11.73
14.99
11.49
5.21
-2.23
- -
Depreciation Expense
- -
- -
- -
- -
3
- -
Net Income, GAAP
6
9
19
2
-20
- -
Effective Tax Rate (%)
14.1
38.55
27.6
44.77
- -
- -
Profit Margin (%)
7.79
7.42
5.93
0.47
-4.85
- -
Working Capital
10
34
50
45
-43
-43
LT Debt
7
34
44
44
11
11
Total Equity
5
14
35
104
83
83
Return on Invested Capital (%)
- -
26.33
27.15
5.89
- -
- -
Return on Capital (%)
- -
27.75
29.53
6.4
- -
- -
Return on Common Equity (%)
- -
99.55
80.13
2.71
-21.65
- -

Capital Structure

INR

•

in mil. unless spec.
Mar'24
Sep'25
Mar'25
ST Debt
48
69
63
LT Borrowings
44
25
11
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
3
3
3
Market Capitalization
672
370
156

Working Capital

INR

•

in mil. unless spec.
Mar'24
Sep'25
Mar'25
Total Current Assets
193
135
249
Cash, Cash Equivalents & STI
33
24
19
Accounts Receivable, Net
115
47
92
Inventories
25
36
112
Total Current Liabilities
147
131
291
Payables & Accruals
- -
- -
- -
ST Debt
48
69
63
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
- -
-19.53%
Free Cash Flow
- -
- -
-329.68%
Net Income, GAAP
- -
- -
-1,180.17%
Sales/Revenue/Turnover
- -
- -
4.41%
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

INR

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
329
2024
- -
- -
400
2025
- -
- -
418

Semi-annual Earnings Per Share

INR

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
6.2
2024
- -
- -
0.6
2025
- -
- -
-6.45

Semi-annual Dividends Per Share

INR

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
- -
2024
- -
- -
- -
2025
- -
- -
- -

Company Description

CEO
Hans Lewis
Full Time Employees
39
Sector
Technology services
Industry
Internet software/Services
Address
201, 2nd Floor, Dynamic Villa, 12th Road, Chembur Mumbai MA India 400071
IPO Date
Feb 2, 2024
Business
Docmode Health Technologies Ltd. (NSE: DHTL) operates as a healthcare technology company providing integrated learning solutions, clinical research services, and practice enhancement tools to healthcare professionals globally through online and offline platforms. The company offers a comprehensive product suite including the DocMode LERN platform for certification programs, national and international speaker sessions, live interactive case-based quizzes, and the Gapsule platform bridging knowledge gaps between pharmaceutical firms and medical practitioners; the DocMode SURE platform for market research, real-world evidence generation, post-marketing surveillance, and Phase IV clinical trials serving 25,000 registered professionals; DocMode CARE featuring AI-powered Clinical Decision Support Systems (CDSS), nutritional management software like iNutrimon, and practice management tools; DocMode KNOW for knowledge marketing, CRM solutions, and regulatory support; Contract Research Organization (CRO) services encompassing Phase I-IV trial management and CDSCO-approved Ethics Committee oversight; and CRAMS services including analytical testing, bioequivalence studies, stability testing, and method development. It targets medico-marketing companies, medical associations, doctors, nurses, allied health professionals, and pharmaceutical firms, with operations spanning India and international markets through reseller and distributor partnerships. Founded in 2017 and headquartered in Mumbai, Maharashtra, the company was originally incorporated as Docmode Health Technologies Private Limited before converting to a public limited entity in December 2022. In recent developments, Docmode has strategically expanded into comprehensive pharmaceutical research and CRO/CRAMS services, securing CDSCO approval for its Ethics Committee and achieving ISO 27001:2013 certification for information security, enabling Phase I-IV clinical trials and global market penetration. The firm reported robust Q1 FY 2025-26 performance across traditional education and new research segments, with a 15% increase in LERN speaker programs, growth to 245,736 registered users on LERN and leadership in real-world studies via SURE, alongside plans for AI-enhanced CDSS and exclusive international distributor networks targeting multinational pharmaceutical partnerships. Recent operational updates include promoter share invocations in November 2025 due to NCD defaults and board approvals for H1 FY 2025-26 results, amid a strategic shift toward high-margin research diversification.