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Last Updated on: 14 April, 2024|Author: Getaka | Social: X Twitter Profile
Stock Ticker - BSE: 540975 | NSE: ASTERDM

Fundamental Analysis of Aster DM Healthcare Ltd

Basic Stock Data of Aster DM Healthcare Ltd

Last Updated: April 6, 2024, 9:26 am

Market Cap 22,758 Cr.
Current Price 456
High / Low496/239
Stock P/E62.4
Book Value 87.6
Dividend Yield0.00 %
ROCE9.21 %
ROE11.0 %
Face Value 10.0

Data Source: screener.in

Competitors of Aster DM Healthcare Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Aspira Pathlab & Diagnostics Ltd 32.3 Cr. 31.449.5/22.8 11.00.00 %2.01 %1.15 % 10.0
Sakar Healthcare Ltd 788 Cr. 362479/21063.1 1090.00 %8.91 %8.49 % 10.0
Shalby Ltd 2,996 Cr. 277340/13536.8 89.20.43 %10.6 %7.37 % 10.0
Thyrocare Technologies Ltd 3,297 Cr. 623723/43253.3 89.22.89 %15.3 %10.6 % 10.0
Max Healthcare Institute Ltd 84,600 Cr. 870910/43580.0 80.70.11 %15.0 %16.1 % 10.0
Industry Average18,342.66 Cr432.6846.6475.820.69%10.36%8.74%10.00

Aster DM Healthcare Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales2,2282,3912,3722,5042,6502,7282,6622,8163,1923,2623,2153,3173,711
Expenses1,9002,0702,0912,1622,2522,2672,3702,4982,7432,7572,8352,9473,155
Operating Profit328321281343397460292319449506380370556
OPM %15%13%12%14%15%17%11%11%14%16%12%11%15%
Other Income7309101222371810159-468
Interest627766616762697787969910299
Depreciation157153153156161170175189198219217227232
Profit before tax11512270135181250857117320673-5233
Tax %7%4%15%6%7%2%6%23%8%11%73%-197%10%
Net Profit10711760128168246805415918320-15209
EPS in Rs1.852.110.892.142.974.531.370.932.793.420.10-0.623.59

Last Updated: April 11, 2024, 8:51 am

Aster DM Healthcare Ltd Quarterly Chart

Aster DM Healthcare Ltd Profit & Loss - Annual Report

Last Updated: April 2, 2024, 12:50 am

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales1,9222,8713,8765,2505,9316,7217,9638,6528,60810,25311,93313,505
Expenses1,6602,4213,3704,8055,5826,0896,8867,1877,5068,72010,30711,693
Operating Profit2614515064453496321,0771,4651,1031,5331,6261,812
OPM %14%16%13%8%6%9%14%17%13%15%14%13%
Other Income11192325453177-155-158535179-14
Interest454879189371204205391334307390395
Depreciation76111144243322298306586618641780895
Profit before tax15131030638108308410330205637535507
Tax %4%9%11%78%10%8%10%5%13%6%11%
Net Profit149284272898282367315178601475396
EPS in Rs7.264.697.000.202.525.326.595.542.9610.538.516.49
Dividend Payout %0%35%0%0%0%0%0%0%0%0%0%

Aster DM Healthcare Ltd Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)90.60%-4.23%-97.06%1125.00%187.76%30.14%-14.17%-43.49%237.64%-20.97%
Change in YoY Net Profit Growth (%)0.00%-94.83%-92.83%1222.06%-937.24%-157.61%-44.31%-29.32%281.13%-258.61%

Aster DM Healthcare Ltd Growth

Compounded Sales Growth
10 Years:20%
5 Years:12%
3 Years:11%
TTM:18%
Compounded Profit Growth
10 Years:16%
5 Years:22%
3 Years:-1%
TTM:-24%
Stock Price CAGR
10 Years:%
5 Years:25%
3 Years:47%
1 Year:92%
Return on Equity
10 Years:10%
5 Years:12%
3 Years:10%
Last Year:11%

Aster DM Healthcare Ltd Balance Sheet

Last Updated: April 2, 2024, 12:50 am

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital125375389403403505505497497500500500
Reserves6545361,096171,4722,3272,7092,7752,8753,0803,5743,874
Preference Capital000000000374374
Borrowings5058861,0913,3212,7582,3522,7885,6054,8044,9075,7005,995
Other Liabilities8561,0971,8342,0032,1712,2962,9263,5283,4444,0355,0625,340
Total Liabilities2,1402,8944,4095,7436,8047,4798,92812,40511,62012,52114,83615,708
Fixed Assets8721,0872,2372,5073,5203,7384,2897,1246,7497,0099,0529,441
CWIP185357197358290402550736934998279395
Investments673393238223463458036
Other Assets1,0771,4421,9722,8392,9623,3024,0674,5113,8744,4705,4255,835
Total Assets2,1402,8944,4095,7436,8047,4798,92812,40511,62012,52114,83615,708

Aster DM Healthcare Ltd Reserves and Borrowings Chart

Aster DM Healthcare Ltd Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 2362033615376011,2231,5691,3141,834
Cash from Investing Activity -439-775-1,136-522-702-658-333-563-951
Cash from Financing Activity 20357865446134-675-1,116-686-817
Net Cash Flow-15-1226133-1101206566

Aster DM Healthcare Ltd Free Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow261.00451.00506.00445.00349.00632.001.001.001.00-373.00-373.00

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.

Aster DM Healthcare Ltd Free Cash Flow Chart

Aster DM Healthcare Ltd Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days95868393798493100867271
Inventory Days84719392102111110138122129135
Days Payable213176178187151150153303290267309
Cash Conversion Cycle-34-18-2-1304550-65-83-66-102
Working Capital Days8261696857595740384032
ROCE %18%14%6%1%7%13%12%6%10%9%

Aster DM Healthcare Ltd Financial Efficiency Indicators Chart

Aster DM Healthcare Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters37.88%37.88%37.88%37.88%37.88%37.88%37.88%37.88%41.88%41.88%41.88%41.88%
FIIs10.57%8.69%10.80%10.95%11.03%11.44%11.77%42.49%38.63%38.82%40.22%41.00%
DIIs8.72%9.64%8.48%8.45%8.64%9.66%8.99%8.93%8.93%8.62%7.64%7.15%
Public42.33%43.30%42.36%42.24%41.99%40.57%40.91%10.25%10.12%10.26%9.85%9.61%
Others0.50%0.49%0.48%0.47%0.46%0.45%0.45%0.44%0.43%0.42%0.41%0.37%
No. of Shareholders78,71994,00687,80480,74680,42778,37480,91384,57382,12971,37967,67367,331

Aster DM Healthcare Ltd Shareholding Pattern Chart

No. of Aster DM Healthcare Ltd Shareholders

Aster DM Healthcare Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
HDFC Small Cap Fund - Regular Plan166808862.51637.88
HDFC Childrens Gift Fund - Regular Plan36000001.78137.66
Franklin India Smaller Companies Fund32594851.16124.64
ICICI Prudential Pharma Healthcare & Diagnostics (P.H.D) Fund20474332.3978.29
ICICI Prudential Smallcap Fund15606370.959.68
ICICI Prudential India Opportunities Fund15600080.4359.65
Franklin India Opportunities Fund9918072.1237.93
Quant Small Cap Fund9761480.3337.33
ICICI Prudential Value Discovery Fund8228080.0931.46
Sundaram Services Fund6393290.824.45

Aster DM Healthcare Ltd ROCE Trend

Aster DM Healthcare Ltd EPS Trend

Aster DM Healthcare Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)8.5410.582.975.516.63
Diluted EPS (Rs.)8.5310.572.975.506.62
Cash EPS (Rs.)25.1224.9615.9318.0313.34
Book Value[Excl.RevalReserv]/Share (Rs.)89.8190.1577.1466.9565.42
Book Value[Incl.RevalReserv]/Share (Rs.)89.8190.1577.1466.9565.42
Revenue From Operations / Share (Rs.)238.89206.21173.19174.94157.60
PBDIT / Share (Rs.)32.9030.8522.3925.9317.77
PBIT / Share (Rs.)17.2817.979.9614.2011.70
PBT / Share (Rs.)10.6912.804.056.618.13
Net Profit / Share (Rs.)9.4912.083.516.307.28
NP After MI And SOA / Share (Rs.)8.5110.582.975.546.59
PBDIT Margin (%)13.7714.9612.9214.8211.27
PBIT Margin (%)7.238.715.758.117.42
PBT Margin (%)4.476.202.343.775.15
Net Profit Margin (%)3.975.852.023.604.61
NP After MI And SOA Margin (%)3.565.121.713.164.18
Return on Networth / Equity (%)10.4313.304.389.5411.73
Return on Capital Employeed (%)8.449.935.868.149.43
Return On Assets (%)2.854.191.262.223.72
Long Term Debt / Equity (X)0.320.370.520.650.69
Total Debt / Equity (X)0.560.550.560.850.91
Asset Turnover Ratio (%)0.180.140.090.120.10
Current Ratio (X)1.061.151.141.101.36
Quick Ratio (X)0.770.860.860.841.08
Interest Coverage Ratio (X)4.995.973.793.605.01
Interest Coverage Ratio (Post Tax) (X)2.443.341.591.933.06
Enterprise Value (Cr.)14334.7212129.548918.867516.5710540.82
EV / Net Operating Revenue (X)1.201.181.040.861.32
EV / EBITDA (X)8.727.918.025.8011.74
MarketCap / Net Operating Revenue (X)1.010.950.790.540.98
Price / BV (X)2.962.482.021.652.75
Price / Net Operating Revenue (X)1.010.950.790.540.98
EarningsYield0.030.050.020.050.04

Aster DM Healthcare Ltd Profitability Ratios (%)

Aster DM Healthcare Ltd Liquidity Ratios

Aster DM Healthcare Ltd Liquidity Ratios (%)

Aster DM Healthcare Ltd Interest Coverage Ratios (%)

Aster DM Healthcare Ltd Valuation Ratios

Fair Value of Aster DM Healthcare Ltd Stock

Fair Value: 613.31

The stock is undervalued by 34.50% compared to the current price ₹456

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.

*Investments are subject to market risks

Strength and Weakness of Aster DM Healthcare Ltd Stock

StrengthWeakness
  1. The stock has a low average Cash Conversion Cycle of -22.36, which is a positive sign.
  2. The company has higher reserves (2,082.42 cr) compared to borrowings (62.33 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (6.58 cr) and profit (320.42 cr) over the years.
  1. The stock has a low average ROCE of 8.73%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 54.82, which may not be favorable.

Should I Buy Aster DM Healthcare 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 Aster DM Healthcare Ltd:
    1. Net Profit Margin: 3.97%
      • 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: 8.44% (Industry Average ROCE: 16.44%)
      • 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%: 10.43% (Industry Average ROE: 14.41%)
      • 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): 2.44
      • 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: 0.77
      • 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: 62.4 (Industry average Stock P/E: 55.38)
      • 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: 0.56
      • 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 - Aster DM Healthcare Ltd

Aster DM Healthcare Ltd. is a Public Limited Listed company incorporated on 18/01/2008 and has its registered office in the State of Kerala, India. Company’s Corporate Identification Number(CIN) is L85110KA2008PLC147259 and registration number is 021703. Currently Company is involved in the business activities of Retail sale of pharmaceutical and medical goods, cosmetic and toilet articles in specialized stores. Company’s Total Operating Revenue is Rs. 1116.47 Cr. and Equity Capital is Rs. 497.22 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Hospitals & Medical ServicesNo.1785, Sarjapur Road, Sector -1, Bengaluru Kerala 560102cs@asterdmhealthcare.com
http://www.asterdmhealthcare.com
Management
NamePosition Held
Dr. Azad MoopenChairman & Managing Director
Ms. Alisha MoopenDeputy Managing Director
Mr. Daniel Robert MintzNon Executive Director
Ms. Purana Housdurgamvijaya DeeptiIndependent Director
Mr. Chenayappillil John GeorgeIndependent Director
Mr. Wayne Earl KeathleyIndependent Director
Mr. Emmanuel David GootamIndependent Director
Mr. T J WilsonNon Executive Director
Mr. Anoop MoopenNon Executive Director
Mr. Shamsudheen Bin Mohideen Mammu HajiNon Executive Director
Mr. James MathewIndependent Director

Aster DM Healthcare Ltd. Share Price Update

Share PriceValue
Today₹487.95
Previous Day₹475.30

FAQ

What is the latest fair value of Aster DM Healthcare Ltd?

The latest fair value of Aster DM Healthcare Ltd is 613.31.

What is the Market Cap of Aster DM Healthcare Ltd?

The Market Cap of Aster DM Healthcare Ltd is 22,758 Cr..

What is the current Stock Price of Aster DM Healthcare Ltd as on 13 April 2024?

The current stock price of Aster DM Healthcare Ltd as on 13 April 2024 is 456.

What is the High / Low of Aster DM Healthcare Ltd stocks in FY 2024?

In FY 2024, the High / Low of Aster DM Healthcare Ltd stocks is ₹496/239.

What is the Stock P/E of Aster DM Healthcare Ltd?

The Stock P/E of Aster DM Healthcare Ltd is 62.4.

What is the Book Value of Aster DM Healthcare Ltd?

The Book Value of Aster DM Healthcare Ltd is 87.6.

What is the Dividend Yield of Aster DM Healthcare Ltd?

The Dividend Yield of Aster DM Healthcare Ltd is 0.00 %.

What is the ROCE of Aster DM Healthcare Ltd?

The ROCE of Aster DM Healthcare Ltd is 9.21 %.

What is the ROE of Aster DM Healthcare Ltd?

The ROE of Aster DM Healthcare Ltd is 11.0 %.

What is the Face Value of Aster DM Healthcare Ltd?

The Face Value of Aster DM Healthcare Ltd is 10.0.

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 Aster DM Healthcare 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