Bajaj Healthcare Ltd.

BSE: 539872  SECTOR: Pharmaceuticals & Drugs

610
-15.25 (-2.44%)

Price Summary

Today's High

₹ 630

Today's Low

₹ 588

52 Week High

₹ 655

52 Week Low

₹ 239.05

FinStar

Ownership Stable
Ownership strength is slightly missing the benchmark.
ValuationExpensive
The stock is at a premium valuation at this point.
EfficiencyExcellent
The company knows very well the utilization of its assets.
FinancialsVery Stable
The company possesses stable growth history and manageable debt.

Company Essentials

Market Cap

841.7512 Cr.

Enterprise Value

928.5185482 Cr.

No. of Shares

1.37992 Cr.

P/E

11.78

P/B

4.21

Face Value

₹ 10

Div. Yield

0%

Book Value (TTM)

₹  145.0114

CASH

4.1584899 Cr.

DEBT

90.9258381 Cr.

Promoter Holding

67.26%

EPS (TTM)

₹  51.7653

Sales Growth

11.2308075288724%

ROE

22.3986245794747 %

ROCE

20.9801466506282 %

Profit Growth

5.48763841714875 %

* 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 1w1m3m6m1Yr3Yr5Yr

* Prices are based on daily market changes.

Valuation Chart 1w1m3m6m1Yr3Yr5Yr

* The chart is based on the standalone earnings of the company.

Peer Comparison

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

Sales Growth (in Cr.)

1 Year11.23%
3 Year20.38%
5 Year12.88%

Profit Growth (in Cr.)

1 Year37.95%
3 Year42.2%
5 Year24.53%

ROE%

1 Year22.4%
3 Year20.09%
5 Year18.13%

ROCE %

1 Year20.98%
3 Year19.66%
5 Year18.3%

Debt/Equity

0.8117

Price to Cash Flow

40.91

Interest Cover Ratio

5.8945980873065

CFO/PAT (5 Yr. Avg.)

1.88883310924805

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Mar 2021 67.26 0
Dec 2020 67.26 0
Sep 2020 67.26 0
Jun 2020 67.26 0
Mar 2020 67.26 0
* Figures given above are % of equity capital

 Strengths

  • The company has shown a good profit growth of 42.2009987346214% for the Past 3 years.
  • The company has shown a good revenue growth of 20.3797585367792% for the Past 3 years.
  • Company has been maintaining healthy ROE of 20.086840257514% over the past 3 years.
  • The company has an efficient Cash Conversion Cycle of 65.2767622462249 days.
  • The company has a good cash flow management; CFO/PAT stands at 1.88883310924805.
  • The company has a high promoter holding of 67.26%.

 Limitations

 Looks like the company does not have any serious limitations.

Quarterly Result (All Figures in Cr.)

PARTICULARS Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
Net Sales 99.27 118.5 139.83 206.64 178.33
Total Expenditure 85.66 102.58 114.49 174.33 134.28
Operating Profit 13.62 15.92 25.35 32.31 44.05
Other Income 0.12 2.86 0.9 2.1 1.76
Interest 1.66 1.39 2.05 2.17 1.92
Depreciation 2.85 3.38 3.77 3.98 3.96
Exceptional Items 0 0 0 0 0
Profit Before Tax 9.23 14.01 20.44 28.26 39.94
Tax 2.85 4.41 5.14 8.14 13.51
Profit After Tax 6.38 9.6 15.29 20.12 26.42
Adjusted EPS (Rs) 0.46 0.7 1.11 1.46 1.91

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

PARTICULARS Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
Net Sales 200.23 207.24 289.51 325.02 361.52
Total Expenditure 170.18 176.4 250.08 282.09 313.49
Operating Profit 30.05 30.84 39.43 42.92 48.03
Other Income 0.38 2.39 2.07 0.97 3.18
Interest 7.64 8.2 7.73 8.32 6.63
Depreciation 9.29 11.35 11.08 11.41 12.12
Exceptional Items 0 0 0 0 0
Profit Before Tax 13.5 13.69 22.68 24.17 32.45
Tax 5.3 5.87 7.5 7.86 9.95
Net Profit 8.2 7.82 15.19 16.31 22.5
Adjusted EPS (Rs.) 6.07 5.67 11.01 11.82 16.31

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
Equity and Liabilities
Share Capital 6.75 6.9 6.9 6.9 13.8
Total Reserves 81.88 92.1 106.71 122.21 137.81
Borrowings 31.45 26.85 21.48 17.39 23.58
Other N/C liabilities 0.82 0.84 1.97 3.01 4.3
Current liabilities 88.13 92.55 131.07 117.34 146.27
Total Liabilities 209.02 219.24 268.13 266.85 325.75
Assets
Net Block 129.56 127.93 126.62 128.5 134.72
Capital WIP 1.46 0.23 1.97 1.18 5.45
Investments 0 0 0 0 5
Loans & Advances 0 0 0 0 0
Other N/C Assets 0 0 0 0 0
Current Assets 78 91.08 139.55 137.17 180.57
Total Assets 209.02 219.24 268.13 266.85 325.75
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
Profit Before Tax 13.5 13.69 22.68 24.17 32.45
Adjustment 16.83 19.32 18.77 20.06 19.15
Working Capital Changes -0.31 -5.81 -18.88 -6.04 -21.91
Tax Paid -4.89 -5.08 -5.96 -13.02 -9.12
Operating Cash Flow 25.14 22.12 16.61 25.17 20.57
Investing Cash Flow -30.67 -8.45 -11.64 -13.03 -27.56
Financing Cash Flow 5.08 -13.2 2.47 -12.57 3.28
Net Cash Flow -0.44 0.47 7.45 -0.42 -3.7

Corporate Actions

Ratings & Research Reports

Company Presentations

Company News

Bajaj Healthcare Stock Price Analysis and Quick Research Report. Is Bajaj 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 Bajaj 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 20.5748734 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. Bajaj Healthcare has a Debt to Equity ratio of 0.8117 , 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 Bajaj Healthcare , the EPS growth was -31.0260369297151 % 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, Bajaj Healthcare has OPM of 11.7133204362022 % which is a bad sign for profitability.
     
  • ROE: Bajaj Healthcare have a healthy ROE of 22.3986245794747 %. 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 Bajaj Healthcare

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