Fortis Healthcare Ltd.

NSE: FORTIS BSE: 532843 SECTOR: Hospital & Healthcare Services  67k   429   77

275.20
-2.75 (-0.99%)
NSE: 07 Oct 03:59 PM

Price Summary

Today's High

₹ 286.8

Today's Low

₹ 274.05

52 Week High

₹ 325

52 Week Low

₹ 219.75

FinStar

Ownership Stable
Ownership strength is slightly missing the benchmark.
ValuationFair
The stock’s market price justifies its intrinsic value.
EfficiencyPoor
The company seems highly inefficient in case of asset management.
FinancialsWeak
Watch out! The company might not be able to sustain any adverse condition.
*It is just an analytical rating of the company and not an investment advice.

Company Essentials

Market Cap

20776.45 Cr.

Enterprise Value

21417.71 Cr.

No. of Shares

75.5 Cr.

P/E

0

P/B

2.34

Face Value

₹ 10

Div. Yield

0 %

Book Value (TTM)

₹  117.37

CASH

1.07 Cr.

DEBT

642.33 Cr.

Promoter Holding

31.17 %

EPS (TTM)

₹  -0.25

Sales Growth

36.3%

ROE

-0.15 %

ROCE

1.26%

Profit Growth

-415.68 %

* Total debt includes long term borrowing, short term borrowing plus current maturities of long-term borrowing
* Ratios are based on latest Audited Financial Result.

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Brands

These are the brands of Fortis Healthcare Ltd.

SRL La-femme

Price Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

 

Volume Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

* Prices are based on daily market changes.
* The chart is based on the standalone earnings of the company. * Negative values and values more than 1000x in PE chart is considered 0.

Peer Comparison

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* The Peers list includes companies operating in the same industry and having comparable market cap.

 Group Companies

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Ratios

Sales Growth

1 Year36.3%
3 Year9.53%
5 Year5.98%

Profit Growth

1 Year-415.68%
3 Year-147.57%
5 Year12.76%

ROE%

1 Year-0.15%
3 Year1.95%
5 Year1.26%

ROCE %

1 Year1.26%
3 Year3.67%
5 Year3.24%

Debt/Equity

0.0724

Price to Cash Flow

271.61

Interest Cover Ratio

0.930635119940175

CFO/PAT (5 Yr. Avg.)

0.234761321648836

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Jun 2022 31.17 0
Mar 2022 31.17 0
Dec 2021 31.17 0
Sep 2021 31.17 0
Jun 2021 31.17 0
Investors List
* Figures given above are % of equity capital

 Strengths

  • Company is virtually debt free.
  • The company has an efficient Cash Conversion Cycle of -402.304844358659 days.
  • The company has a strong degree of Operating leverage, Average Operating leverage stands at 7.72832820753612.

 Limitations

  • The company has shown a poor profit growth of -147.571284991708% for the Past 3 years.
  • The company has shown a poor revenue growth of 9.52893954034375% for the Past 3 years.
  • Company has a poor ROE of 1.95420218987187% over the past 3 years.
  • Company has a poor ROCE of 3.67448844707586% over the past 3 years
  • The company has a low EBITDA margin of 0.531550899901022% over the past 5 years.
  • The company is trading at a high EV/EBITDA of 84.0125.

Quarterly Result (All Figures in Cr.)

PARTICULARS Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
Net Sales 203.52 220.87 227.96 210.26 247.15
Total Expenditure 178.7 187.99 189.64 190.88 215.23
Operating Profit 24.82 32.88 38.32 19.38 31.92
Other Income 33.49 33.45 35.05 32.11 31.69
Interest 32.72 32.06 31.56 33.24 27.91
Depreciation 27.93 27.98 28.23 28.49 28.43
Exceptional Items 0 0 0 -16.28 -12.33
Profit Before Tax -2.34 6.29 13.58 -26.52 -5.06
Tax -0.61 2.12 5.03 -2.28 2.57
Profit After Tax -1.73 4.17 8.55 -24.24 -7.63
Adjusted EPS (Rs) -0.02 0.06 0.11 -0.32 -0.1

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Net Sales 659.48 656.49 701.85 632.87 862.61
Total Expenditure 697.1 781.92 633.91 604.96 747.21
Operating Profit -37.62 -125.43 67.94 27.91 115.41
Other Income 137.89 524.49 938.34 191.98 134.09
Interest 63.74 192.27 160.17 141.45 129.58
Depreciation 28.88 27.14 96.81 110.77 112.63
Exceptional Items -67.95 0 -128.63 56.46 -16.28
Profit Before Tax -60.29 179.65 620.68 24.13 -8.99
Tax 3.43 56.56 107.35 19.93 4.26
Net Profit -63.72 123.08 513.33 4.2 -13.25
Adjusted EPS (Rs.) -1.23 1.63 6.8 0.06 -0.18

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Equity and Liabilities
Share Capital 518.66 754.95 754.96 754.96 754.96
Total Reserves 3708.16 7608.28 8121.51 8126.57 8113.61
Borrowings 231.61 319.72 621.35 663.78 585.52
Other N/C liabilities -52.14 26.16 763.69 732.48 682.92
Current liabilities 545.96 1398.94 468.51 472.51 462.74
Total Liabilities 4952.26 10108.06 10730.02 10750.31 10599.75
Assets
Net Block 202.95 180.01 906.2 852.83 770.28
Capital WIP 159.34 157.78 29.18 6.32 6.33
Intangible WIP 7.07 7.08 3.64 0.42 0
Investments 3657.7 8309.88 8153.11 8898.47 8845.29
Loans & Advances 512.56 1081.19 1277.61 605.51 570.78
Other N/C Assets 13.34 8.59 1.55 1.31 1.38
Current Assets 399.3 363.53 358.72 385.44 405.69
Total Assets 4952.26 10108.06 10730.02 10750.31 10599.75
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Profit from operations -60.29 179.65 620.68 24.13 -8.99
Adjustment 44.1 -288.44 -553.21 24.6 123.55
Changes in Assets & Liabilities -0.95 99.11 43.52 -7.28 10.72
Tax Paid 2.36 -51.56 -11.07 -9.5 -48.79
Operating Cash Flow -14.78 -61.26 99.92 31.94 76.49
Investing Cash Flow 244.88 -4688.01 810.04 28.4 237.74
Financing Cash Flow -292 4792.33 -971.53 5.91 -319.83
Net Cash Flow -61.9 43.07 -61.57 66.26 -5.6

Corporate Actions

Investors Details

PARTICULARS Jun 2021% Sep 2021% Dec 2021% Mar 2022% Jun 2022%
Promoters 31.17 31.17 31.17 31.17 31.17
northern tk ventur... 31.17 - - - -
northern tk ventur... - 31.17 - - -
northern tk ventur... - - - - -
fortis healthcare ... - 0.15 0.66 0.63 0.22
malav holdings pri... - - 0.05 0.05 -
rhc holding privat... - - 0.04 0.04 -
harpal singh - 0.01 0.01 0.01 0.01
PARTICULARS Jun 2021% Sep 2021% Dec 2021% Mar 2022% Jun 2022%
Investors 68.83 68.83 68.83 68.83 68.83
yes bank limited - - 15.14 15.00 14.12
yes bank ltd - 8.41 - - -
east bridge capita... - 3.84 1.74 5.59 5.59
york asian strateg... - 1.69 - 4.29 4.90
aditya birla sun l... 4.72 - - - -
aditya birla sun l... - - - - -
aditya birla sun l... - - - - -
wf asian smaller c... - 2.89 4.21 4.21 4.20
rakesh jhunjhunwala 4.23 1.66 - - 2.41
jhunjhunwala rakes... - - - - -
east bridge capita... - 2.84 4.14 4.14 4.13
york asian opportu... - - - 3.67 3.85
ubs principal capi... 2.06 3.45 2.32 - -
goldman sachs (sin... - 2.69 - - 2.79
societe generale - - 2.59 - -
blackrock global f... - 2.09 1.82 2.07 3.21
indiabulls housing... - - 2.98 - -
national westminst... - - - - 2.96
nippon life india ... - - - - -
national westminst... - - - 2.92 -
reliance capital t... - - - - 2.02
my asian opportuni... 2.88 - - - -
nippon life india ... - - - - -
nippon india trust... - - - - -
nippon life india ... 2.79 - - - -
york opportunies m... - - - - -
york asian opportu... - - - - -
qualified institut... - - - - -
york asian opportu... - 1.32 - - -
indiabulls housing... - - - 2.44 -
national westminst... - - 2.28 - -
jupiter india fund 1.34 - - - -
national westminst... - 2.07 - - -
mirae asset emergi... - - - - -
bnp paribas arbitr... - - 1.96 1.34 -
mirrae asset healt... - - - - -
gopikishan s damani - - 1.87 - -
york strategic met... - - - - -
my asian strategic... 1.79 - - - -
axis bank limited 1.19 - 1.76 1.76 1.76
mirae asset health... - - - - -
york asian strateg... - - - - -
reliance capital t... - 1.59 - - -
sbi life insurance... - - - - -
sbi life insurance... 1.42 - - - -
msd india fund ltd - - 1.47 - -
timf holdings - - 1.29 - -
goldman sachs (sin... - - 1.33 - -
aberdeen global in... 1.02 - - - -
axis bank ltd - 1.21 - - -
axis mutual fund t... 1.21 - - - -
goldman sachs (sin... 1.16 - - - -
goldman sachs (sin... - - - - -
goldman sachs (sin... - - - - -
icici prudential p... - - - - -
legato capital man... - - - 1.13 -
mirae asset midcap... 1.10 - - - -
icici prudential i... - - 1.10 - -
york multi-strateg... - - - 1.09 1.10
wells fargo emergi... - - - 1.09 1.09
uti- regular savin... - - - - -
uti-mnc fund 1.09 - - - -
rajasthan global s... - 1.02 - - -
goldman sachs (sin... - - - - -
zaaba pan asia mas... - - - 1.03 -
aberdeen global in... - - - - -
stichting deposita... 1.00 - - - -

Annual Reports

Ratings & Research Reports

Company Presentations

Company News

Fortis Healthcare informs about analyst meet 22 Aug 2022, 1:00PM Fortis Healthcare reports 69% fall in Q1 consolidated net profit6 Aug 2022, 11:14AM Fortis Healthcare - Quaterly Results5 Aug 2022, 8:44PM Fortis Healthcare - Quaterly Results5 Aug 2022, 8:44PM Fortis Healthcare to add around 1,500 beds over next five years11 Jul 2022, 12:15PM Fortis Healthcare planning to add 1,500 new beds in next 3 years31 May 2022, 4:48PM Fortis Healthcare - Quaterly Results25 May 2022, 8:23PM Fortis Healthcare - Quaterly Results25 May 2022, 8:23PM Fortis Healthcare informs about compliance certificate12 Apr 2022, 12:18PM Fortis Healthcare informs about postal ballot notice7 Mar 2022, 4:51PM Fortis Healthcare reports around 3-fold jump in Q3 consolidated net profit12 Feb 2022, 11:58AM Fortis Healthcare - Quaterly Results11 Feb 2022, 7:34PM Fortis Healthcare - Quaterly Results11 Feb 2022, 7:34PM Fortis Healthcare’s stepdown subsidiary sells land to KLJ Plasticizers30 Dec 2021, 3:43PM Fortis Healthcare informs about postal ballot notice23 Nov 2021, 4:31PM Fortis Healthcare informs about postal ballot notice17 Nov 2021, 3:13PM Fortis Healthcare reports consolidated net profit of Rs 264 crore in Q1 14 Aug 2021, 10:06AM Fortis Healthcare informs about update on credit rating 27 Jul 2021, 4:18PM Fortis Healthcare aims to focus on revenue growth initiatives this fiscal12 Jul 2021, 2:29PM Fortis Healthcare reports consolidated net profit of Rs 43 crore in Q431 May 2021, 1:45PM Fortis Healthcare’s arm receives SEBI notice in funds diversion case16 Apr 2021, 1:16PM Rakesh Jhunjhunwala raises stake in Fortis Healthcare in Q4FY2114 Apr 2021, 11:29AM Fortis Healthcare informs about credit rating23 Dec 2020, 11:14AM Fortis Healthcare reports consolidated net loss of Rs 4 crore in Q213 Nov 2020, 12:11PM Fortis Healthcare commences operations at Chennai facility27 Oct 2020, 10:56AM Fortis Healthcare informs about commencement of operations at Vadapalani26 Oct 2020, 10:48AM Fortis Healthcare reports consolidated net loss of Rs 179 crore in Q117 Aug 2020, 10:45AM Fortis Healthcare planning to focus on geographies10 Aug 2020, 9:31AM Fortis Healthcare reports consolidated net loss of Rs 44 crore in Q418 Jun 2020, 12:18PM Fortis Healthcare rolls out online consultations for patients in 23 hospitals 30 Apr 2020, 3:00PM

Fortis Healthcare Stock Price Analysis and Quick Research Report. Is Fortis Healthcare an attractive stock to invest in?

 

The Indian healthcare sector is expected to reach US$ 372 billion by 2022, driven by rising incomes, greater health awareness, lifestyle diseases and increasing access to insurance. Healthcare has become one of India’s largest sectors - both in terms of revenue and employment.

Healthcare comprises hospitals, medical devices, clinical trials, outsourcing, telemedicine, medical tourism, health insurance, and medical equipment. The structure of the healthcare delivery system in India consists of three broad segments: Primary care, Secondary care, and Tertiary care.

  • Primary care is the first point of contact between the population and the healthcare service providers. For example, Sub-center (SC), Primary Health Centre (PHC) and Community Health Centre (CHC) which is more relevant to rural areas (PHC’s).
  • Secondary care providers inpatient as well as outpatient medical services and includes simple surgical procedures. For example, District level & Mid-sized hospitals.
  • Tertiary care is the third level of the healthcare delivery system in the country. These hospitals are specialized consultative healthcare infrastructure. For example, Single specialty and Multi-specialty hospitals.

While healthcare services are offered by the public as well as private sectors, in urban as well as rural areas, generally people prefer private hospitals over public hospitals for treatment of diseases, illness, and sickness. So, let’s look into Fortis Healthcare and its performance over the period of time.

  • Operating cash flow ratio: It measures the adequacy of a company’s cash generated from operating activities to pay off short-term financial obligations. Its cash from the operating activity was Rs 76.4935 Cr.
     
  • Financial Strength: Health care organizations usually have high debt loads and low equity capital in their balance sheet. So, Debt to Equity ratio is important to analyze the company’s sustainability. Fortis Healthcare has a Debt to Equity ratio of 0.0724 , which is a strong indication for the company.
     
  • EPS growth: Investors should ensure the EPS figure is growing faster than revenue numbers because it indicates company management is increasing the efficiency with which it runs the company. In Fortis Healthcare , the EPS growth was -415.647482014388 % which is bad for the company.
     
  • Operating profit margin: It determines a company's potential earnings. It assesses how well-managed a company with respect to its basic overhead costs and other operating expenses, Fortis Healthcare has OPM of 13.3786305503843 % which is a bad sign for profitability.
     
  • ROE: Fortis Healthcare have a poor ROE of -0.149301737813817 %. ROE is an important financial parameter for hospitals & health care companies because they expand and grow rapidly. Therefore, ROE measures how efficiently a shareholder's fund is used for generating profits.
Brief about Fortis Healthcare

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