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Last Updated: April 1, 2026, 3:25 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 532843 | NSE: FORTIS

Fortis Healthcare Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹602.74Overvalued by 24.18%vs CMP ₹795.00

P/E (59.6) × ROE (10.1%) × BV (₹125.00) × DY (0.13%)

₹265.96Overvalued by 66.55%vs CMP ₹795.00
MoS: -198.9% (Negative)Confidence: 68/100 (Moderate)Models: All 9: Overvalued
ModelCategoryValueWeightSignal
PE-ROEEarnings₹672.6223%Over (-15.4%)
Graham NumberEarnings₹189.1416%Over (-76.2%)
Earnings PowerEarnings₹31.6711%Over (-96%)
DCFCash Flow₹187.8314%Over (-76.4%)
Net Asset ValueAssets₹124.897%Over (-84.3%)
EV/EBITDAEnterprise₹271.459%Over (-65.9%)
Earnings YieldEarnings₹127.207%Over (-84%)
ROCE CapitalReturns₹22.437%Over (-97.2%)
Revenue MultipleRevenue₹154.645%Over (-80.5%)
Consensus (9 models)₹265.96100%Overvalued
Key Drivers: Wide model spread (₹22–₹673) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 11.6%

*Investments are subject to market risks

Investment Snapshot

59
Fortis Healthcare Ltd scores 59/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health58/100 · Moderate
ROCE 12.0% AverageROE 10.1% AverageD/E 0.18 Low debtInterest Coverage 0.0x RiskyProfitable 4/5 years Consistent
Smart Money60/100 · Moderate
FII holding up 0.44% (6mo) Slight increasePromoter holding at 31.2% Stable
Earnings Quality50/100 · Moderate
OPM stable around 19% Steady
Quarterly Momentum80/100 · Strong
Revenue (4Q): +15% YoY GrowingProfit (4Q): +47% YoY Strong
Industry Rank50/100 · Moderate
P/E 59.6 vs industry 75.2 In-lineROCE 12.0% vs industry 14.7% Average3Y sales CAGR: 11% Moderate

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 1, 2026, 3:25 am

Market Cap 60,019 Cr.
Current Price 795
Intrinsic Value₹265.96
High / Low 1,105/521
Stock P/E59.6
Book Value 125
Dividend Yield0.13 %
ROCE12.0 %
ROE10.1 %
Face Value 10.0
PEG Ratio5.14

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Fortis Healthcare Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Fortis Healthcare Ltd 60,019 Cr. 795 1,105/52159.6 1250.13 %12.0 %10.1 % 10.0
Aster DM Healthcare Ltd 35,559 Cr. 688 732/45098.7 87.50.73 %10.7 %8.26 % 10.0
Max Healthcare Institute Ltd 93,319 Cr. 959 1,314/93464.0 1030.16 %14.9 %12.7 % 10.0
Dr Lal Pathlabs Ltd 22,178 Cr. 1,324 1,771/1,17640.4 1430.91 %28.9 %24.3 % 10.0
Apollo Hospitals Enterprise Ltd 1,05,042 Cr. 7,306 8,100/6,49157.8 6320.26 %16.6 %18.4 % 5.00
Industry Average26,819.31 Cr611.5975.1783.710.36%14.71%13.91%9.04

All Competitor Stocks of Fortis Healthcare Ltd

Quarterly Result

MetricSep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Sales 1,6071,5601,6431,6571,7701,6801,7861,8591,9881,9282,0072,1672,331
Expenses 1,3041,2831,3721,3861,4401,3961,4051,5161,5541,5531,5721,6761,775
Operating Profit 303276271272330284381343435375435491556
OPM % 19%18%16%16%19%17%21%18%22%19%22%23%24%
Other Income 7526261018191714-4247-293150
Interest 33333231323335353645687075
Depreciation 77838279848792919597102101106
Profit before tax 268186183171233183271230261279237351425
Tax % 19%24%25%27%21%27%25%24%26%9%21%24%23%
Net Profit 218142138124184134203174193254188267329
EPS in Rs 2.711.721.761.482.301.782.372.202.343.282.443.454.26

Last Updated: January 12, 2026, 9:16 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 24, 2026, 2:46 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 3,4923,9664,1994,5744,5614,4694,6324,0305,7186,2986,8937,7838,770
Expenses 3,4303,8574,1064,2204,2874,2384,0223,6264,6495,1965,6256,1956,782
Operating Profit 62109923542742316104041,0691,1011,2681,5881,988
OPM % 2%3%2%8%6%5%13%10%19%17%18%20%23%
Other Income 15292299649-6892281269536715764-1118
Interest 250152133229258337205166147129131184298
Depreciation 183235225222239233292291301316342386430
Profit before tax -219-18534552-912-110239439888148581,0071,278
Tax % 5%2%-24%13%2%103%62%230%20%22%25%20%
Net Profit -218-13042479-934-22491-56790633645809981
EPS in Rs -4.73-3.100.408.14-19.46-3.960.77-1.457.357.807.9310.2612.72
Dividend Payout % -0%-1%0%0%0%0%0%0%0%13%13%10%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)40.37%132.31%1040.48%-294.99%76.02%140.62%-161.54%1510.71%-19.87%1.90%25.43%
Change in YoY Net Profit Growth (%)0.00%91.94%908.17%-1335.47%371.01%64.61%-302.16%1672.25%-1530.59%21.77%23.53%

Fortis Healthcare Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:7%
5 Years:11%
3 Years:11%
TTM:14%
Compounded Profit Growth
10 Years:23%
5 Years:70%
3 Years:31%
TTM:43%
Stock Price CAGR
10 Years:20%
5 Years:48%
3 Years:49%
1 Year:69%
Return on Equity
10 Years:4%
5 Years:6%
3 Years:9%
Last Year:10%

Last Updated: September 5, 2025, 4:15 am

Balance Sheet

Last Updated: December 4, 2025, 1:15 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 463463463518519755755755755755755755755
Reserves 3,8203,5853,9984,6263,5435,8465,9065,3655,4236,4876,9088,1628,674
Borrowings 2,5501,7841,5132,2171,9622,0101,5941,5311,2559261,1552,4753,195
Other Liabilities 1,0181,7601,2572,2272,4552,8752,7813,2164,0823,9214,1531,9852,389
Total Liabilities 7,8517,5927,2329,5888,47911,48611,03610,86611,51612,08912,97113,37715,013
Fixed Assets 4,1474,2183,6425,4194,9928,4778,8028,7999,4169,4269,87410,42411,703
CWIP 147228226268226450204165193228542407306
Investments 1,8171,4641,4521,8781,732270175186104210230169220
Other Assets 1,7391,6821,9132,0231,5292,2901,8561,7161,8032,2252,3262,3782,784
Total Assets 7,8517,5927,2329,5888,47911,48611,03610,86611,51612,08912,97113,37715,013

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 47924195966493-1791724858658221,1001,424
Cash from Investing Activity + 2,503213122-1,001-333-3,27963-131-501-372-889-780
Cash from Financing Activity + -3,217-304-354259-6724,257-862-143-517-471-86-714
Net Cash Flow -235-66-37225-513799-627212-153-21125-70
Free Cash Flow -62-181-162689437-26135274750367172591
CFO/OP 944%131%354%304%187%30%84%108%101%100%104%97%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow60.00108.0091.00352.00273.00229.00609.00403.000.00-925.000.00-1.00

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.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 463839383844364133343337
Inventory Days 262523232422302933312423
Days Payable 200207218215279296226205178179164161
Cash Conversion Cycle -128-144-156-155-217-230-161-135-112-115-107-101
Working Capital Days -19-71-69-87-113-234-150-56-35-22-124-30
ROCE %0%-0%3%11%3%6%4%2%10%10%10%12%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 31.17%31.17%31.17%31.17%31.17%31.17%31.17%31.17%31.17%31.17%31.17%31.17%
FIIs 31.22%30.03%26.31%23.72%23.24%23.31%25.26%26.77%27.40%27.18%27.90%27.84%
DIIs 20.69%22.17%26.55%29.42%31.14%32.31%30.73%30.05%29.46%29.79%29.14%29.33%
Public 16.92%16.65%15.97%15.71%14.44%13.22%12.83%12.02%11.98%11.87%11.79%11.65%
No. of Shareholders 1,37,8941,35,0471,31,5161,35,6641,57,1651,54,2602,04,1842,21,7502,18,3292,05,3732,20,7662,33,156

Shareholding Pattern Chart

No. of Shareholders

Fortis Healthcare Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
HDFC Mid Cap Fund 28,387,340 2.62 2417.1827,834,0442026-02-23 07:11:401.99%
Kotak Midcap Fund 27,504,722 3.97 2342.0324,724,3432026-02-23 07:11:3911.25%
Nippon India Growth Mid Cap Fund 13,542,021 2.76 1153.1N/AN/AN/A
Axis Midcap Fund 13,060,764 3.6 1112.1212,427,0652026-01-26 05:00:115.1%
HDFC Small Cap Fund 9,440,132 2.18 803.839,973,1322025-12-15 02:41:06-5.34%
DSP Mid Cap Fund 5,713,758 2.55 486.535,671,6392026-02-22 02:17:220.74%
Aditya Birla Sun Life ELSS Tax Saver Fund 4,912,331 2.79 418.298,360,1442025-12-07 02:17:25-41.24%
HDFC Large and Mid Cap Fund 4,733,349 1.43 403.04N/AN/AN/A
Kotak Large & Midcap Fund 4,500,000 1.28 383.184,300,0002026-02-22 02:17:224.65%
Edelweiss Mid Cap Fund 3,454,648 2.13 294.16N/AN/AN/A

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 10.267.937.807.35-1.45
Diluted EPS (Rs.) 10.267.937.807.35-1.45
Cash EPS (Rs.) 15.6812.9612.2814.132.48
Book Value[Excl.RevalReserv]/Share (Rs.) 118.11113.33107.3092.8388.98
Book Value[Incl.RevalReserv]/Share (Rs.) 118.11113.33107.3092.8388.98
Revenue From Operations / Share (Rs.) 103.0991.3083.4275.7353.38
PBDIT / Share (Rs.) 21.9217.3015.4014.525.97
PBIT / Share (Rs.) 16.8112.7611.2210.542.12
PBT / Share (Rs.) 13.1911.2410.4912.76-0.05
Net Profit / Share (Rs.) 10.578.428.1010.14-1.37
NP After MI And SOA / Share (Rs.) 10.267.937.807.35-1.45
PBDIT Margin (%) 21.2618.9418.4619.1711.19
PBIT Margin (%) 16.3013.9713.4513.913.98
PBT Margin (%) 12.7912.3012.5716.85-0.10
Net Profit Margin (%) 10.259.229.7013.39-2.57
NP After MI And SOA Margin (%) 9.948.689.349.70-2.72
Return on Networth / Equity (%) 8.687.818.128.98-1.79
Return on Capital Employeed (%) 10.509.527.697.491.61
Return On Assets (%) 5.654.504.734.67-0.98
Long Term Debt / Equity (X) 0.230.090.070.120.15
Total Debt / Equity (X) 0.240.110.090.150.18
Asset Turnover Ratio (%) 0.570.530.090.070.05
Current Ratio (X) 0.910.440.980.890.84
Quick Ratio (X) 0.840.410.900.790.77
Inventory Turnover Ratio (X) 69.890.000.000.000.00
Dividend Payout Ratio (NP) (%) 9.9912.600.000.000.00
Dividend Payout Ratio (CP) (%) 6.678.010.000.000.00
Earning Retention Ratio (%) 90.0187.400.000.000.00
Cash Earning Retention Ratio (%) 93.3391.990.000.000.00
Interest Coverage Ratio (X) 8.979.979.017.472.72
Interest Coverage Ratio (Post Tax) (X) 5.815.735.164.070.36
Enterprise Value (Cr.) 54674.0232853.8320823.6923306.9716352.45
EV / Net Operating Revenue (X) 7.034.773.314.084.06
EV / EBITDA (X) 33.0425.1617.9021.2636.26
MarketCap / Net Operating Revenue (X) 6.784.603.123.833.73
Retention Ratios (%) 90.0087.390.000.000.00
Price / BV (X) 5.914.142.713.552.45
Price / Net Operating Revenue (X) 6.784.603.123.833.73
EarningsYield 0.010.010.020.02-0.01

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Fortis Healthcare Ltd. is a Public Limited Listed company incorporated on 28/02/1996 and has its registered office in the State of Punjab, India. Company's Corporate Identification Number(CIN) is L85110PB1996PLC045933 and registration number is 045933. Currently Company is involved in the business activities of Hospital activities. Company's Total Operating Revenue is Rs. 1445.89 Cr. and Equity Capital is Rs. 754.96 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Hospitals & Medical ServicesFortis Hospital, Sector 62, Phase - VIII, Mohali Punjab 160062Contact not found
Management
NamePosition Held
Dr. Ashutosh RaghuvanshiManaging Director & CEO
Ms. Suvalaxmi ChakrabortyIndependent Director
Mr. Indrajit BanerjeeIndependent Director
Ms. Shailaja ChandraIndependent Director
Mr. Tomo NagahiroNon Executive Director
Mr. Dilip KadambiNon Executive Director
Mr. Lim Tsin LinNon Executive Director
Mr. Mehmet Ali AydinlarNon Executive Director
Dr. Prem Kumar NairNon Executive Director
Mr. Ashok PanditNon Executive Director
Mr. Leo PuriChairman & Ind.Director

FAQ

What is the intrinsic value of Fortis Healthcare Ltd and is it undervalued?

As of 19 April 2026, Fortis Healthcare Ltd's intrinsic value is ₹265.96, which is 66.55% lower than the current market price of ₹795.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (10.1 %), book value (₹125), dividend yield (0.13 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Fortis Healthcare Ltd?

Fortis Healthcare Ltd is trading at ₹795.00 as of 19 April 2026, with a FY2026-2027 high of ₹1,105 and low of ₹521. The stock is currently in the middle of its 52-week range. Market cap stands at ₹60,019 Cr..

How does Fortis Healthcare Ltd's P/E ratio compare to its industry?

Fortis Healthcare Ltd has a P/E ratio of 59.6, which is below the industry average of 75.17. This is broadly in line with or below the industry average.

Is Fortis Healthcare Ltd financially healthy?

Key indicators for Fortis Healthcare Ltd: ROCE of 12.0 % is moderate. Dividend yield is 0.13 %.

Is Fortis Healthcare Ltd profitable and how is the profit trend?

Fortis Healthcare Ltd reported a net profit of ₹809 Cr in Mar 2025 on revenue of ₹7,783 Cr. Compared to ₹790 Cr in Mar 2022, the net profit shows an improving trend.

Does Fortis Healthcare Ltd pay dividends?

Fortis Healthcare Ltd has a dividend yield of 0.13 % at the current price of ₹795.00. The company pays dividends, though the yield is modest.

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 Fortis 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
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