Fortis Malar Hospitals Ltd.

BSE: 523696 SECTOR: Hospital & Healthcare Services  6004   10   2

56.45
0 0
BSE: 07 Oct 05:10 PM

Price Summary

Today's High

₹ 57.85

Today's Low

₹ 55

52 Week High

₹ 78.7

52 Week Low

₹ 0

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

105.8 Cr.

Enterprise Value

95.31 Cr.

No. of Shares

1.87 Cr.

P/E

0

P/B

1.41

Face Value

₹ 10

Div. Yield

0 %

Book Value (TTM)

₹  40.01

CASH

10.49 Cr.

DEBT

0 Cr.

Promoter Holding

62.71 %

EPS (TTM)

₹  -5.3

Sales Growth

24.46%

ROE

-10.09 %

ROCE

-2.12%

Profit Growth

-3.65 %

* 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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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 Year24.46%
3 Year-15.84%
5 Year-9.32%

Profit Growth

1 Year-3.65%
3 Year-268.48%
5 Year-224.11%

ROE%

1 Year-10.09%
3 Year-9.37%
5 Year-4.65%

ROCE %

1 Year-2.12%
3 Year-3.74%
5 Year-0.55%

Debt/Equity

0

Price to Cash Flow

15.57

Interest Cover Ratio

-0.266468435498628

CFO/PAT (5 Yr. Avg.)

0

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Jun 2022 62.71 0
Mar 2022 62.71 0
Dec 2021 62.71 0
Sep 2021 62.71 0
Jun 2021 62.71 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 -352.670183718208 days.
  • The company has a high promoter holding of 62.71%.
  • The company has a strong degree of Operating leverage, Average Operating leverage stands at 4.49402942702948.

 Limitations

  • The company has shown a poor profit growth of -268.479471983684% for the Past 3 years.
  • The company has shown a poor revenue growth of -15.8445043203478% for the Past 3 years.
  • Company has a poor ROE of -9.36576369031507% over the past 3 years.
  • Company has a poor ROCE of -3.74316712350624% over the past 3 years
  • The company has a low EBITDA margin of -1.62031946335206% over the past 5 years.

Quarterly Result (All Figures in Cr.)

PARTICULARS Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
Net Sales 23.18 19.93 20.45 22.62 20.1
Total Expenditure 22.28 20.92 20.19 19.34 20.12
Operating Profit 0.9 -0.99 0.27 3.27 -0.03
Other Income 2.04 1.97 1.76 1.56 1.62
Interest 1.72 1.67 1.61 1.55 1.55
Depreciation 3.08 3.09 3.12 3.24 3.02
Exceptional Items 0 0 0 0 0
Profit Before Tax -1.86 -3.79 -2.71 0.05 -2.97
Tax -0.51 0 0 0.51 0
Profit After Tax -1.35 -3.79 -2.71 -0.46 -2.97
Adjusted EPS (Rs) -0.72 -2.02 -1.45 -0.24 -1.58

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

PARTICULARS Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Net Sales 149.19 144.59 111.87 69.24 86.18
Total Expenditure 147.47 147.03 114.61 75.57 82.73
Operating Profit 1.72 -2.43 -2.74 -6.32 3.45
Other Income 8.18 9.68 10.92 8.08 7.33
Interest 0.38 0.51 7.81 7.2 6.56
Depreciation 4.21 4.38 12.53 12.88 12.53
Exceptional Items 0 0 0 6.85 0
Profit Before Tax 5.31 2.36 -12.16 -11.47 -8.31
Tax 2.17 0.62 -3.1 -3.45 0
Net Profit 3.14 1.74 -9.06 -8.01 -8.31
Adjusted EPS (Rs.) 1.68 0.93 -4.83 -4.28 -4.43

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Equity and Liabilities
Share Capital 18.7 18.76 18.76 18.76 18.76
Total Reserves 82.9 84.84 75.67 67.86 59.21
Borrowings 0 0 0 0 0
Other N/C liabilities -0.09 -0.3 56.3 47.21 40.89
Current liabilities 44.41 43.35 35.47 24.71 31.35
Total Liabilities 145.91 146.65 186.19 158.53 150.22
Assets
Net Block 23.79 21.85 81.08 68.52 57.62
Capital WIP 0 0 0.09 0.36 0
Intangible WIP 0.72 0.73 0 0 0.06
Investments 0.05 0.05 0.05 0.05 0.05
Loans & Advances 9.11 12.91 44.51 31.59 45.49
Other N/C Assets 0.22 0.25 0.02 0 0
Current Assets 112.02 110.86 60.45 58 47
Total Assets 145.91 146.65 186.19 158.53 150.22
* 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 5.31 2.36 -12.16 -11.47 -8.31
Adjustment -3.25 -5.04 12.74 5.52 11.84
Changes in Assets & Liabilities 12.23 -8.51 3.76 -6.91 3.94
Tax Paid -4.53 -4.53 -4.61 11.66 -0.68
Operating Cash Flow 9.75 -15.73 -0.27 -1.2 6.8
Investing Cash Flow -2.29 6.11 48.31 -27.6 8.18
Financing Cash Flow 0.05 0.15 -11.57 -7.25 -10.1
Net Cash Flow 7.51 -9.47 36.47 -36.05 4.87

Corporate Actions

Investors Details

PARTICULARS Jun 2021% Sep 2021% Dec 2021% Mar 2022% Jun 2022%
Promoters 62.71 62.71 62.71 62.71 62.71
fortis hospitals l... 62.71 62.71 62.71 62.71 62.71
PARTICULARS Jun 2021% Sep 2021% Dec 2021% Mar 2022% Jun 2022%
Investors 37.29 37.29 37.29 37.29 37.29
rajasthan global s... - 6.78 7.12 7.10 7.10
nithya rama murthy - - - - -
nithya ramamurthy - 4.59 4.59 4.59 4.59
investor education... - 4.13 4.13 4.13 -
iepf - - - 4.13 4.13
investor education... - - - - -
rajasthan global s... - - - - -
ruckmani natarajan 2.92 2.92 2.92 2.92 2.92
sunita kantilal va... 1.32 1.32 1.32 1.32 1.32
a m gopalan 1.23 1.23 1.23 1.23 1.23

Annual Reports

Ratings & Research Reports

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Company Presentations

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Company News

Fortis Malar Hospitals informs about trading window closure29 Sep 2022, 3:02PM Fortis MalarHospital - Quaterly Results2 Aug 2022, 5:27PM Fortis MalarHospital - Quaterly Results2 Aug 2022, 5:27PM Fortis MalarHospital - Quaterly Results2 Aug 2022, 5:27PM Fortis Malar Hospitals informs about certificate21 Jul 2022, 4:30PM Fortis Malar Hospitals informs about newspaper advertisement2 Jul 2022, 3:33PM Fortis Malar Hospitals informs about newspaper advertisement23 Jun 2022, 2:56PM Fortis Malar Hospitals informs about issuance of duplicate share certificate6 Jun 2022, 10:16AM Fortis MalarHospital - Quaterly Results24 May 2022, 7:48PM Fortis MalarHospital - Quaterly Results24 May 2022, 7:48PM Fortis Malar Hospitals informs about annual secretarial compliance report 13 May 2022, 2:43PM Fortis Malar Hospitals informs about issue of duplicate certificate14 Apr 2022, 4:40PM Fortis Malar Hospitals informs about compliance certificate14 Apr 2022, 10:46AM Fortis Malar Hospitals informs about certificate8 Apr 2022, 11:33AM Fortis Malar Hospitals informs about issuance of duplicate share certificate24 Mar 2022, 4:11PM Fortis Malar Hospitals informs about issuance of duplicate share certificate28 Feb 2022, 12:51PM Fortis Malar Hospitals informs about loss of share certificate28 Feb 2022, 12:48PM Fortis MalarHospital - Quaterly Results7 Feb 2022, 6:03PM Fortis MalarHospital - Quaterly Results7 Feb 2022, 6:03PM Fortis Malar Hospitals informs about issuance of duplicate share certificate18 Jan 2022, 4:33PM Fortis Malar Hospitals informs about postal ballot notice13 Jan 2022, 4:58PM Fortis Malar Hospitals informs about postal ballot notice13 Jan 2022, 4:48PM Fortis Malar Hospitals informs about error in effective date of appointment of director13 Jan 2022, 10:46AM Fortis Malar Hospitals informs about trading window closure 30 Dec 2021, 1:32PM Fortis Malar Hospitals informs about closure of trading window29 Jun 2021, 4:55PM Fortis Malar Hospitals informs about application for reclassification of promoter24 Mar 2021, 2:18PM Fortis Malar Hospitals informs about appointment of director11 Mar 2021, 2:42PM Fortis Malar Hospitals informs about loss of share certificate14 Jan 2021, 3:45PM Fortis Malar Hospitals informs about disclosures of related party transactions4 Dec 2020, 1:34PM Fortis Malar Hospitals informs about impact of COVID-19 Pandemic12 Jun 2020, 10:39AM

Fortis MalarHospital Stock Price Analysis and Quick Research Report. Is Fortis MalarHospital 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 MalarHospital 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 6.7965 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 MalarHospital has a Debt to Equity ratio of 0 , 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 MalarHospital , the EPS growth was -3.6461865893304 % 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 MalarHospital has OPM of 4.00449301563505 % which is a bad sign for profitability.
     
  • ROE: Fortis MalarHospital have a poor ROE of -10.0944850117164 %. 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 MalarHospital

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