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Last Updated on: 30 May, 2024|Author: Getaka | Social: X Twitter Profile
Stock Ticker - BSE: 508869 | NSE: APOLLOHOSP

Fundamental Analysis of Apollo Hospitals Enterprise Ltd

Basic Stock Data of Apollo Hospitals Enterprise Ltd

Last Updated: April 6, 2024, 9:25 am

Market Cap 91,986 Cr.
Current Price 6,398
High / Low6,874/4,186
Stock P/E117
Book Value 453
Dividend Yield0.23 %
ROCE14.5 %
ROE13.7 %
Face Value 5.00
PEG Ratio10.72

Competitors of Apollo Hospitals Enterprise Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Metropolis Healthcare Ltd 10,096 Cr. 1,9712,050/1,26079.0 2140.41 %15.4 %12.3 % 2.00
Max Healthcare Institute Ltd 76,723 Cr. 789910/50572.5 86.50.13 %16.0 %13.4 % 10.0
Narayana Hrudayalaya Ltd 25,601 Cr. 1,2531,445/84732.4 1410.20 %26.2 %31.5 % 10.0
Aspira Pathlab & Diagnostics Ltd 32.7 Cr. 31.849.5/22.8 9.850.00 %13.2 %29.7 % 10.0
Lotus Eye Hospital & Institute Ltd 126 Cr. 60.4111/44.135.5 28.20.83 %10.2 %7.27 % 10.0
Industry Average22,515.74 Cr821.0443.8895.910.31%16.20%18.83%8.40

Apollo Hospitals Enterprise Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales2,7602,8683,7603,7173,6393,5463,7964,2514,2644,3024,4184,8474,851
Expenses2,3702,4563,2443,1023,0523,0833,3173,6993,7803,8143,9094,2194,237
Operating Profit390412516615587463479552484488509628614
OPM %14%14%14%17%16%13%13%13%11%11%12%13%13%
Other Income21633198233416233520342629
Interest1019995959495939310095106111113
Depreciation125138141145149166148155153159167163167
Profit before tax185238599383367236254327266254270379363
Tax %28%28%16%30%34%59%-27%35%39%43%36%34%30%
Net Profit13417050126724397324213162146173249254
EPS in Rs9.3811.6734.0317.2415.886.2722.0614.1910.6810.0511.5916.2017.06

Last Updated: May 15, 2024, 7:35 am

Apollo Hospitals Enterprise Ltd Quarterly Chart

Apollo Hospitals Enterprise Ltd Profit & Loss

Last Updated: May 30, 2024, 2:35 am

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales3,1483,7694,3575,1296,1507,2568,2439,61711,24710,56014,66316,61218,418
Expenses2,6313,1573,6814,3925,4656,5227,4428,5489,6569,42012,47414,54816,179
Operating Profit5176126767376847348011,0701,5911,1402,1892,0652,238
OPM %16%16%16%14%11%10%10%11%14%11%15%12%12%
Other Income223318479260242622210336875110
Interest89103119118180257295327533449379381426
Depreciation124142168212264314359396620573601615656
Profit before tax3263994074553322221713736602211,5781,1441,266
Tax %35%26%25%29%29%41%65%47%34%38%30%22%
Net Profit218303315335235131602004321371,108844822
EPS in Rs16.3121.8822.7724.4316.9915.888.4416.9632.7010.4673.4256.9754.90
Dividend Payout %25%25%25%24%35%38%59%35%18%29%16%26%

Apollo Hospitals Enterprise Ltd Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2012-20132013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)38.99%3.96%6.35%-29.85%-44.26%-54.20%233.33%116.00%-68.29%708.76%-23.83%
Change in YoY Net Profit Growth (%)0.00%-35.03%2.39%-36.20%-14.40%-9.94%287.53%-117.33%-184.29%777.05%-732.59%

Apollo Hospitals Enterprise Ltd Growth

Compounded Sales Growth
10 Years:16%
5 Years:15%
3 Years:14%
TTM:16%
Compounded Profit Growth
10 Years:11%
5 Years:67%
3 Years:39%
TTM:3%
Stock Price CAGR
10 Years:21%
5 Years:38%
3 Years:23%
1 Year:28%
Return on Equity
10 Years:9%
5 Years:10%
3 Years:12%
Last Year:14%

Last Updated: April 6, 2024, 9:25 am

Apollo Hospitals Enterprise Ltd Balance Sheet

Last Updated: May 2, 2024, 9:15 am

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital67707070707070707072727272
Reserves2,4012,6772,9073,1023,2623,2443,1823,2643,2704,5315,5516,1266,437
Borrowings8171,2131,3441,9922,8343,1253,4273,6733,5964,1604,0684,3324,889
Other Liabilities6988541,0291,2961,1951,6651,9172,1594,3542,6293,5703,8864,163
Total Liabilities3,9834,8145,3506,4597,3608,1038,5969,16611,28911,39213,26114,41615,561
Fixed Assets2,0112,3412,6813,2443,9974,5914,7734,9827,4326,7788,2968,5208,894
CWIP20940349153356234771282223623446610727
Investments5645273223113524063524624341,343816574853
Other Assets1,1981,5431,8552,3722,4482,7592,7592,9013,1873,0374,1044,7125,087
Total Assets3,9834,8145,3506,4597,3608,1038,5969,16611,28911,39213,26114,41615,561

Apollo Hospitals Enterprise Ltd Reserves and Borrowings Chart

Apollo Hospitals Enterprise Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 3874433734705976235379051,2931,2651,6961,377
Cash from Investing Activity -468-733-356-759-888-1,152-405-711-289-880-747-857
Cash from Financing Activity 135373-63392330477-108-215-910-340-792-633
Net Cash Flow5483-4610339-5224-209444158-113

Apollo Hospitals Enterprise Ltd Free Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow-300.00611.00675.00736.00682.00731.00798.00-2.00-2.00-3.00-2.00-2.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Apollo Hospitals Enterprise Ltd Free Cash Flow Chart

Apollo Hospitals Enterprise Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days454644433638373933464449
Inventory Days454347504947514649162117
Days Payable585355596651555660747982
Cash Conversion Cycle313636341934332922-12-14-16
Working Capital Days18172830273025169121318
ROCE %14%13%12%12%9%8%7%10%14%8%17%14%

Apollo Hospitals Enterprise Ltd Financial Efficiency Indicators Chart

Apollo Hospitals Enterprise Ltd Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters29.82%29.82%29.33%29.33%29.33%29.33%29.33%29.33%29.33%29.33%29.33%29.33%
FIIs53.23%51.54%52.41%50.81%48.48%49.09%47.94%46.96%47.93%46.15%46.25%45.63%
DIIs10.85%12.28%12.17%12.93%15.64%15.28%16.56%17.76%17.02%18.59%18.87%19.55%
Government0.23%0.23%0.23%0.23%0.23%0.23%0.23%0.23%0.23%0.23%0.23%0.23%
Public5.88%6.14%5.86%6.70%6.32%6.07%5.94%5.72%5.49%5.68%5.32%5.26%
No. of Shareholders75,15398,45299,1351,26,2261,46,3201,35,9231,31,6361,31,9371,20,0301,31,5651,19,5781,30,664

Apollo Hospitals Enterprise Ltd Shareholding Pattern Chart

No. of Apollo Hospitals Enterprise Ltd Shareholders

Apollo Hospitals Enterprise Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
HDFC Flexi Cap Fund - Regular Plan32071663.981829.4
SBI Nifty 50 ETF18521310.61056.47
Axis ELSS Tax Saver Fund14263572.37813.61
Aditya Birla Sun Life Flexi Cap Fund11000003.24627.45
HDFC ELSS Tax Saver Fund7500003.27427.81
Nippon India Pharma Fund6487955.72370.08
Axis Bluechip Fund6474911.11369.34
HDFC Focused 30 Fund - Regular Plan6250004.1356.51
Axis Focused 25 Fund5932702.34338.41
UTI Nifty 50 ETF5108460.6291.39

Apollo Hospitals Enterprise Ltd ROCE Trend

Apollo Hospitals Enterprise Ltd EPS Trend

Apollo Hospitals Enterprise Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue5.005.005.005.005.00
Basic EPS (Rs.)56.9773.4210.7432.7016.97
Diluted EPS (Rs.)56.9773.4210.7432.7016.97
Cash EPS (Rs.)104.51118.3449.3175.7542.75
Book Value[Excl.RevalReserv]/Share (Rs.)454.19408.74333.96249.27249.34
Book Value[Incl.RevalReserv]/Share (Rs.)454.19408.74333.96249.27249.34
Revenue From Operations / Share (Rs.)1155.251019.65734.35807.96691.27
PBDIT / Share (Rs.)148.81157.3982.22115.9678.71
PBIT / Share (Rs.)106.02115.6242.3771.4450.28
PBT / Share (Rs.)79.53109.7415.3547.4126.78
Net Profit / Share (Rs.)61.7276.579.4631.2414.32
NP After MI And SOA / Share (Rs.)56.9673.4110.4632.6716.97
PBDIT Margin (%)12.8815.4311.1914.3511.38
PBIT Margin (%)9.1711.335.768.847.27
PBT Margin (%)6.8810.762.085.863.87
Net Profit Margin (%)5.347.501.283.862.07
NP After MI And SOA Margin (%)4.937.191.424.042.45
Return on Networth / Equity (%)13.2118.773.2613.627.08
Return on Capital Employeed (%)13.7315.386.4911.049.67
Return On Assets (%)5.678.001.314.012.57
Long Term Debt / Equity (X)0.310.430.530.850.88
Total Debt / Equity (X)0.430.460.541.001.03
Asset Turnover Ratio (%)0.540.550.861.010.97
Current Ratio (X)1.301.731.791.131.17
Quick Ratio (X)1.191.551.660.810.86
Dividend Payout Ratio (NP) (%)31.154.1325.4628.3829.46
Dividend Payout Ratio (CP) (%)17.792.635.2912.0111.01
Earning Retention Ratio (%)68.8595.8774.5471.6270.54
Cash Earning Retention Ratio (%)82.2197.3794.7187.9988.99
Interest Coverage Ratio (X)5.625.982.633.033.35
Interest Coverage Ratio (Post Tax) (X)3.333.131.171.441.61
Enterprise Value (Cr.)64237.5766797.8843713.8018852.2720225.38
EV / Net Operating Revenue (X)3.874.564.141.682.10
EV / EBITDA (X)30.0229.5136.9711.6818.47
MarketCap / Net Operating Revenue (X)3.734.433.951.411.77
Retention Ratios (%)68.8495.8674.5371.6170.53
Price / BV (X)10.0011.559.074.745.10
Price / Net Operating Revenue (X)3.734.433.951.411.77
EarningsYield0.010.010.000.020.01

Apollo Hospitals Enterprise Ltd Profitability Ratios (%)

Apollo Hospitals Enterprise Ltd Liquidity Ratios

Apollo Hospitals Enterprise Ltd Liquidity Ratios (%)

Apollo Hospitals Enterprise Ltd Interest Coverage Ratios (%)

Apollo Hospitals Enterprise Ltd Valuation Ratios

Fair Value

Fair Value: ₹7,277.84

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

Undervalued: 13.75% compared to the current price ₹6398

Intrinsic Value: ₹8,072.49

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 26.17% compared to the current price ₹6398

Last 5 Year EPS CAGR: 10.92%

*Investments are subject to market risks

Strength and Weakness of Apollo Hospitals Enterprise Ltd Stock

StrengthWeakness
  1. The stock has a low average Working Capital Days of 20.25, which is a positive sign.
  2. The company has higher reserves (3,842.62 cr) compared to borrowings (3,036.15 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (8.77 cr) and profit (274.54 cr) over the years.
  1. The stock has a low average ROCE of 11.50%, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 19.33, which may not be favorable.

Should I Buy Apollo Hospitals Enterprise Ltd Share Now?

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Apollo Hospitals Enterprise Ltd:
    1. Net Profit Margin: 5.34%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 13.73% (Industry Average ROCE: 9.21%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 13.21% (Industry Average ROE: 7.72%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 3.33
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 1.19
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 117 (Industry average Stock P/E: 43.12)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. ✓ Total Debt / Equity: 0.43
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating: ★★★★☆

About the Company - Apollo Hospitals Enterprise Ltd

Apollo Hospitals Enterprise Ltd. is a Public Limited Listed company incorporated on 05/12/1979 and has its registered office in the State of Tamil Nadu, India. Company’s Corporate Identification Number(CIN) is L85110TN1979PLC008035 and registration number is 008035. Currently Company is involved in the business activities of Hospital activities. Company’s Total Operating Revenue is Rs. 6098.30 Cr. and Equity Capital is Rs. 71.90 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Hospitals & Medical ServicesNo.19, Bishop Gardens, Raja Annamalaipuram, Chennai (Madras) Tamil Nadu 600028investor.relations@apollohospitals.com
https://www.apollohospitals.com
Management
NamePosition Held
Dr. Prathap C ReddyFounder & Executive Chairman
Mrs. Preetha ReddyExecutive Vice Chairperson
Mrs. Shobana KamineniExecutive Vice Chairperson
Mrs. Suneeta ReddyManaging Director
Mrs. Sangita ReddyJoint Managing Director
Mr. M B N RaoIndependent Director
Mr. Vinayak ChatterjeeIndependent Director
Dr. Som MittalIndependent Director
Mrs. V Kavitha DuttIndependent Director
Dr. Murali DoraiswamyIndependent Director
Mrs. Rama BijapurkarIndependent Director

FAQ

What is the latest fair value of Apollo Hospitals Enterprise Ltd?

The latest fair value of Apollo Hospitals Enterprise Ltd is 7277.84.

What is the Market Cap of Apollo Hospitals Enterprise Ltd?

The Market Cap of Apollo Hospitals Enterprise Ltd is 91,986 Cr..

What is the current Stock Price of Apollo Hospitals Enterprise Ltd as on 17 April 2024?

The current stock price of Apollo Hospitals Enterprise Ltd as on 17 April 2024 is 6,398.

What is the High / Low of Apollo Hospitals Enterprise Ltd stocks in FY 2024?

In FY 2024, the High / Low of Apollo Hospitals Enterprise Ltd stocks is ₹6,874/4,186.

What is the Stock P/E of Apollo Hospitals Enterprise Ltd?

The Stock P/E of Apollo Hospitals Enterprise Ltd is 117.

What is the Book Value of Apollo Hospitals Enterprise Ltd?

The Book Value of Apollo Hospitals Enterprise Ltd is 453.

What is the Dividend Yield of Apollo Hospitals Enterprise Ltd?

The Dividend Yield of Apollo Hospitals Enterprise Ltd is 0.23 %.

What is the ROCE of Apollo Hospitals Enterprise Ltd?

The ROCE of Apollo Hospitals Enterprise Ltd is 14.5 %.

What is the ROE of Apollo Hospitals Enterprise Ltd?

The ROE of Apollo Hospitals Enterprise Ltd is 13.7 %.

What is the Face Value of Apollo Hospitals Enterprise Ltd?

The Face Value of Apollo Hospitals Enterprise Ltd is 5.00.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Apollo Hospitals Enterprise Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE