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Last Updated on: 21 June, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Fortis Healthcare Ltd

About the Company - Fortis Healthcare Ltd

Fortis Healthcare Ltd. is a Public Limited Listed company incorporated on 28/02/1996 and has its registered office in the State of Delhi, 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. 862.61 Cr. and Equity Capital is Rs. 754.96 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Hospitals & Medical ServicesFortis Hospital, Mohali Punjab 160062secretarial@fortishealthcare.com
http://www.fortishealthcare.com
Management
NamePosition Held
Mr. Ravi RajagopalChairman & Ind.Director
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. Heng Joo Joe SimNon Executive Director
Mr. Lim Tsin LinNon Executive Director
Mr. Mehmet Ali AydinlarNon Executive Director
Mr. Joerg AyrleNon Executive Director

Basic Stock Data of Fortis Healthcare Ltd

Last Updated: June 20, 2024, 10:51 pm

Market Cap 36,842 Cr.
Current Price 488
High / Low510/298
Stock P/E62.7
Book Value 102
Dividend Yield0.21 %
ROCE10.4 %
ROE7.89 %
Face Value 10.0
PEG Ratio1.11

Fortis Healthcare Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales1,1771,2521,4101,4631,4671,3781,4881,6071,5601,6431,6571,7701,680
Expenses9871,0551,1351,1781,1801,1571,2371,3041,2831,3721,3861,4401,396
Operating Profit190197275284287221251303276271272330284
OPM %16%16%20%19%20%16%17%19%18%16%16%19%17%
Other Income282532213201331752626101819
Interest42413840383031333332313233
Depreciation73727375767774778382798487
Profit before tax103110486182193126176268186183171233183
Tax %48%44%11%28%27%31%24%19%24%25%27%21%27%
Net Profit546243113114287134218142138124184134
EPS in Rs0.400.573.491.421.550.901.622.711.721.761.482.301.78

Last Updated: June 14, 2024, 6:32 pm

Fortis Healthcare Ltd Quarterly Chart

Fortis Healthcare Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales2,6183,0423,4923,9664,1994,5744,5614,4694,6324,0305,7186,2986,630
Expenses2,2903,8273,4303,8574,1064,2204,2874,2384,0223,6264,6495,1965,481
Operating Profit328-78562109923542742316104041,0691,1011,149
OPM %13%-26%2%3%2%8%6%5%13%10%19%17%17%
Other Income2002,16915292299649-6892281269536715780
Interest251461250152133229258337205166147129128
Depreciation175229183235225222239233292291301316328
Profit before tax102694-219-18534552-912-11023943988814773
Tax %36%25%-5%-2%-24%13%-2%-103%62%230%20%22%
Net Profit67528-218-13042479-934-22491-56790633588
EPS in Rs1.7812.34-4.73-3.100.408.14-19.46-3.960.77-1.457.357.807.26
Dividend Payout %0%0%-0%-1%0%0%0%0%0%0%0%13%

Fortis Healthcare Ltd Profit & Loss Yearly Chart

Fortis Healthcare Ltd Growth

Compounded Sales Growth
10 Years:7%
5 Years:9%
3 Years:20%
TTM:9%
Compounded Profit Growth
10 Years:17%
5 Years:43%
3 Years:137%
TTM:13%
Stock Price CAGR
10 Years:16%
5 Years:31%
3 Years:29%
1 Year:64%
Return on Equity
10 Years:3%
5 Years:4%
3 Years:7%
Last Year:8%

Last Updated: June 18, 2024, 6:11 am

Fortis Healthcare Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital405405463463463518519755755755755755755
Reserves2,8473,3013,8203,5853,9984,6263,5435,8465,9065,3655,4236,4876,855
Preference Capital4674670000000000
Borrowings6,8636,4711,8801,7841,5132,2171,9622,0101,5941,5311,2559261,033
Other Liabilities2,3043,3361,6881,7601,2572,2272,4552,8752,7813,2164,0823,9214,142
Total Liabilities12,41913,5147,8517,5927,2329,5888,47911,48611,03610,86611,51612,08912,785
Fixed Assets9,1809,2744,1474,2183,6425,4194,9928,4778,8028,7999,4169,4269,637
CWIP566244147228226268226450204165193228525
Investments2411,1871,8171,4641,4521,8781,732270175186104210214
Other Assets2,4322,8081,7391,6821,9132,0231,5292,2901,8561,7161,8032,2252,409
Total Assets12,41913,5147,8517,5927,2329,5888,47911,48611,03610,86611,51612,08912,785

Fortis Healthcare Ltd Reserves and Borrowings Chart

Fortis Healthcare Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 2981,64447924195966493-179172485865822
Cash from Investing Activity -745-1,4902,503213122-1,001-333-3,27963-131-501-372
Cash from Financing Activity 691-74-3,217-304-354259-6724,257-862-143-517-471
Net Cash Flow24480-235-66-37225-513799-627212-153-21

Fortis Healthcare Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days768046383938384436413334
Inventory Days464326252323242230293331
Days Payable432413200207218215279296226205178179
Cash Conversion Cycle-310-290-128-144-156-155-217-230-161-135-112-115
Working Capital Days-24-133-16-69-24-33-76-133-116-37-21-12
ROCE %5%1%0%-0%3%11%3%6%4%2%10%10%

Fortis Healthcare Ltd Financial Efficiency Indicators Chart

Fortis Healthcare Ltd Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters31.17%31.17%31.17%31.17%31.17%31.17%31.17%31.17%31.17%31.17%31.17%31.17%
FIIs30.57%29.33%30.08%29.82%29.66%30.59%31.01%31.22%30.03%26.31%23.72%23.24%
DIIs15.33%15.79%15.67%16.90%17.60%20.02%20.38%20.69%22.17%26.55%29.42%31.14%
Public22.94%23.71%23.08%22.12%21.57%18.22%17.44%16.92%16.65%15.97%15.71%14.44%
No. of Shareholders1,44,6341,66,7431,54,5721,56,8811,60,7621,58,4551,43,5191,37,8941,35,0471,31,5161,35,6641,57,165

Fortis Healthcare Ltd Shareholding Pattern Chart

No. of Fortis Healthcare Ltd Shareholders

Fortis Healthcare Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Axis Midcap Fund13,299,3711.96429.56,402,4652024-06-19107.72%
HDFC Small Cap Fund - Regular Plan12,253,2751.71395.726,402,4652024-06-1991.38%
Aditya Birla Sun Life ELSS Tax Relief 9611,057,5792.64357.16,402,4652024-06-1972.71%
Nippon India Growth Fund9,954,0261.68321.476,402,4652024-06-1955.47%
SBI Large & Midcap Fund7,400,0001.53238.986,402,4652024-06-1915.58%
SBI Long Term Equity Fund7,065,3041.45228.176,402,4652024-06-1910.35%
Mirae Asset Midcap Fund6,970,7451.91225.126,402,4652024-06-198.88%
Mirae Asset Emerging Bluechip Fund6,402,4650.74206.776,402,4652024-06-190%
Sundaram Mid Cap Fund6,391,0072.43206.46,402,4652024-06-19-0.18%
Sundaram Mid Cap Fund - Institutional Plan6,391,0072.43206.46,402,4652024-06-19-0.18%

Fortis Healthcare Ltd ROCE Trend

Fortis Healthcare Ltd EPS Trend

Fortis Healthcare Ltd Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)7.937.807.35-1.450.77
Diluted EPS (Rs.)7.937.807.35-1.450.77
Cash EPS (Rs.)12.9612.2814.132.484.91
Book Value[Excl.RevalReserv]/Share (Rs.)113.33107.3092.8388.9895.44
Book Value[Incl.RevalReserv]/Share (Rs.)113.33107.3092.8388.9895.44
Revenue From Operations / Share (Rs.)91.3083.4275.7353.3861.36
PBDIT / Share (Rs.)17.3015.4014.525.978.77
PBIT / Share (Rs.)12.7611.2210.542.124.91
PBT / Share (Rs.)11.2410.4912.76-0.053.01
Net Profit / Share (Rs.)8.428.1010.14-1.371.05
NP After MI And SOA / Share (Rs.)7.937.807.35-1.450.76
PBDIT Margin (%)18.9418.4619.1711.1914.29
PBIT Margin (%)13.9713.4513.913.987.99
PBT Margin (%)12.3012.5716.85-0.104.90
Net Profit Margin (%)9.229.7013.39-2.571.71
NP After MI And SOA Margin (%)8.689.349.70-2.721.25
Return on Networth / Equity (%)7.818.128.98-1.790.86
Return on Capital Employeed (%)9.527.697.491.614.22
Return On Assets (%)4.504.734.67-0.980.51
Long Term Debt / Equity (X)0.090.070.120.150.14
Total Debt / Equity (X)0.110.090.150.180.19
Asset Turnover Ratio (%)0.530.090.070.050.06
Current Ratio (X)0.690.980.890.840.36
Quick Ratio (X)0.650.900.790.770.33
Interest Coverage Ratio (X)9.979.017.472.723.23
Interest Coverage Ratio (Post Tax) (X)5.735.164.070.361.09
Enterprise Value (Cr.)32853.9120823.6923306.9716352.4511111.40
EV / Net Operating Revenue (X)4.773.314.084.062.40
EV / EBITDA (X)25.1617.9021.2636.2616.78
MarketCap / Net Operating Revenue (X)4.603.123.833.732.05
Price / BV (X)4.142.713.552.451.43
Price / Net Operating Revenue (X)4.603.123.833.732.05
EarningsYield0.010.020.02-0.010.01

Fortis Healthcare Ltd Profitability Ratios (%)

Fortis Healthcare Ltd Liquidity Ratios

Fortis Healthcare Ltd Liquidity Ratios (%)

Fortis Healthcare Ltd Interest Coverage Ratios (%)

Fortis Healthcare Ltd Valuation Ratios

Fair Value

Fair Value: 505.66

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: 3.62% compared to the current price 488

Intrinsic Value: 792.04

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: 62.30% compared to the current price ₹488

Last 5 Year EPS CAGR: 56.64%

*Investments are subject to market risks

Strength and Weakness of Fortis Healthcare Ltd Stock

StrengthWeakness
  1. The stock has a low average Working Capital Days of -57.83, which is a positive sign.
  2. The stock has a low average Cash Conversion Cycle of -179.42, which is a positive sign.
  3. The company has higher reserves (4,738.62 cr) compared to borrowings (103.69 cr), indicating strong financial stability.
  4. The company has shown consistent growth in sales (4.00 cr) and profit (216.38 cr) over the years.
  1. The stock has a low average ROCE of 4.58%, which may not be favorable.

FAQ

What is the latest fair value of Fortis Healthcare Ltd?

The latest fair value of Fortis Healthcare Ltd is ₹505.66.

What is the Market Cap of Fortis Healthcare Ltd?

The Market Cap of Fortis Healthcare Ltd is 36,842 Cr..

What is the current Stock Price of Fortis Healthcare Ltd as on 21 June 2024?

The current stock price of Fortis Healthcare Ltd as on 21 June 2024 is ₹488.

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

In FY 2024, the High / Low of Fortis Healthcare Ltd stocks is 510/298.

What is the Stock P/E of Fortis Healthcare Ltd?

The Stock P/E of Fortis Healthcare Ltd is 62.7.

What is the Book Value of Fortis Healthcare Ltd?

The Book Value of Fortis Healthcare Ltd is 102.

What is the Dividend Yield of Fortis Healthcare Ltd?

The Dividend Yield of Fortis Healthcare Ltd is 0.21 %.

What is the ROCE of Fortis Healthcare Ltd?

The ROCE of Fortis Healthcare Ltd is 10.4 %.

What is the ROE of Fortis Healthcare Ltd?

The ROE of Fortis Healthcare Ltd is 7.89 %.

What is the Face Value of Fortis Healthcare Ltd?

The Face Value of Fortis 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 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