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Last Updated on: 28 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Indraprastha Medical Corporation Ltd

About the Company - Indraprastha Medical Corporation Ltd

Indraprastha Medical Corporation Ltd. is a Public Limited Listed company incorporated on 16/03/1988 and has its registered office in the State of Delhi, India. Company’s Corporate Identification Number(CIN) is L24232DL1988PLC030958 and registration number is 030958. Currently company belongs to the Industry of Hospitals & Medical Services. Company’s Total Operating Revenue is Rs. 888.16 Cr. and Equity Capital is Rs. 91.67 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Hospitals & Medical ServicesSarita Vihar, New Delhi Delhi 110076imclshares@apollohospitals.com
http://www.apollohospdelhi.com
Management
NamePosition Held
Mr. Jasmine ShahChairman
Dr. Prathap C ReddyVice Chairman
Mr. P ShivakumarManaging Director
Mr. Vikram BhatDirector
Mr. Deepak VaidyaDirector
Mr. Satnam AroraDirector
Mr. S RegunathanDirector
Ms. Suneeta ReddyDirector
Mr. Vinayak ChatterjeeDirector
Ms. Vineeta RaiDirector
Ms. Madhumita GanguliDirector
Dr. Menaka GuruswamiDirector
Dr.(Ms.) Sangita ReddyDirector
Dr. Arun RaiDirector
Prof. (Dr) Mahesh VermaDirector
Mr. Salil SinghalDirector

Indraprastha Medical Corporation Ltd. Share Price Update

Share PriceValue
Today₹198.00
Previous Day₹190.65

Basic Stock Data of Indraprastha Medical Corporation Ltd

Market Cap 1,728 Cr.
Current Price 188
High / Low230/76.1
Stock P/E15.3
Book Value 45.2
Dividend Yield1.62 %
ROCE34.3 %
ROE24.6 %
Face Value 10.0

Data Source: screener.in

Indraprastha Medical Corporation Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales141180198203233237216263284277274307317
Expenses132154168173208205188226241240241259267
Operating Profit9263030253128374437334750
OPM %7%14%15%15%11%13%13%14%15%13%12%15%16%
Other Income0000012113544
Interest1111111111111
Depreciation8889999101010101010
Profit before tax0172121162220273429274044
Tax %-2%29%28%25%26%28%24%24%26%29%27%24%25%
Net Profit0121515121615202521203033
EPS in Rs0.051.311.651.681.321.741.662.212.742.282.163.333.58

Indraprastha Medical Corporation Ltd Quarterly Chart

Indraprastha Medical Corporation Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales5226076787147557667537888316138881,0991,174
Expenses4555285876306756866787067435727689471,007
Operating Profit67799185807974828741120152168
OPM %13%13%13%12%11%10%10%10%11%7%14%14%14%
Other Income11111-0-1-1-0-0-3916
Interest69108789763343
Depreciation22262828353131303333353940
Profit before tax404554503941344548479117140
Tax %33%37%35%34%37%36%38%36%9%46%26%26%
Net Profit27293532242621284425986104
EPS in Rs2.953.143.873.542.662.862.303.104.760.256.399.4011.35
Dividend Payout %54%51%47%51%68%63%65%52%0%0%39%32%

Indraprastha Medical Corporation Ltd Profit & Loss Yearly Chart

Indraprastha Medical Corporation Ltd Growth

Compounded Sales Growth
10 Years:6%
5 Years:8%
3 Years:10%
TTM:16%
Compounded Profit Growth
10 Years:12%
5 Years:32%
3 Years:25%
TTM:38%
Stock Price CAGR
10 Years:19%
5 Years:39%
3 Years:55%
1 Year:140%
Return on Equity
10 Years:15%
5 Years:16%
3 Years:17%
Last Year:25%

Indraprastha Medical Corporation Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital92929292929292929292929292
Reserves687995103132139141152176181234288323
Borrowings677363505267662143525
Other Liabilities175194199196185160134157177157131173248
Total Liabilities402438449442460458432422449432462555668
Fixed Assets234300293286301296294280303283277275280
CWIP420233001030331
Investments0000000000000
Other Assets126138154153157163138141146145185278356
Total Assets402438449442460458432422449432462555668

Indraprastha Medical Corporation Ltd Reserves and Borrowings Chart

Indraprastha Medical Corporation Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 5567586462284875862794144
Cash from Investing Activity -28-54-22-29-33-22-30-17-40-19-74-108
Cash from Financing Activity -27-13-36-35-30-5-17-44-43-3-3-26
Net Cash Flow100-0-0-0114451711

Indraprastha Medical Corporation Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days233235404147413535401823
Inventory Days
Days Payable
Cash Conversion Cycle233235404147413535401823
Working Capital Days-25-28-19-2301412-5-80-1-11
ROCE %20%23%26%23%18%17%15%19%21%3%29%34%

Indraprastha Medical Corporation Ltd Financial Efficiency Indicators Chart

Indraprastha Medical Corporation Ltd Share Holding Pattern

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Promoters51.00%51.00%51.00%51.00%51.00%51.00%51.00%51.00%51.00%51.00%51.00%51.00%
FIIs0.00%0.00%0.00%0.03%0.18%0.14%0.09%0.15%0.77%0.27%0.37%0.81%
DIIs0.02%0.02%0.02%0.02%0.02%0.02%0.02%0.02%0.00%0.00%0.00%6.71%
Public48.98%48.98%48.98%48.96%48.80%48.84%48.89%48.83%48.22%48.72%48.62%41.49%
No. of Shareholders48,03844,84059,09358,00157,25456,54055,29055,28752,76049,83348,63047,865

Indraprastha Medical Corporation Ltd Shareholding Pattern Chart

No. of Indraprastha Medical Corporation Ltd Shareholders

Indraprastha Medical Corporation Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
Motilal Oswal S&P BSE Healthcare ETF3840.080.01

Indraprastha Medical Corporation Ltd ROCE Trend

Indraprastha Medical Corporation Ltd EPS Trend

Indraprastha Medical Corporation Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)9.406.390.254.763.10
Diluted EPS (Rs.)9.406.390.254.763.10
Cash EPS (Rs.)13.6810.213.898.366.34
Book Value[Excl.RevalReserv]/Share (Rs.)41.3935.5029.7529.2126.62
Book Value[Incl.RevalReserv]/Share (Rs.)41.3935.5029.7529.2126.62
Dividend / Share (Rs.)3.002.500.000.001.60
Revenue From Operations / Share (Rs.)119.8596.8966.9190.6285.98
PBDIT / Share (Rs.)17.5312.814.479.508.86
PBIT / Share (Rs.)13.259.000.835.905.62
PBT / Share (Rs.)12.788.630.465.264.87
Net Profit / Share (Rs.)9.406.390.254.763.10
PBDIT Margin (%)14.6213.226.6710.4810.30
PBIT Margin (%)11.059.281.246.516.53
PBT Margin (%)10.668.900.695.805.66
Net Profit Margin (%)7.846.600.375.253.60
Return on Networth / Equity (%)22.7018.010.8516.2811.64
Return on Capital Employeed (%)28.5422.402.4117.4817.26
Return On Assets (%)15.5112.690.539.716.72
Long Term Debt / Equity (X)0.000.000.000.000.06
Total Debt / Equity (X)0.000.000.000.010.06
Asset Turnover Ratio (%)2.161.991.391.911.84
Current Ratio (X)1.721.681.221.011.09
Quick Ratio (X)1.661.581.140.921.03
Inventory Turnover Ratio (X)21.0018.5510.9514.8816.62
Dividend Payout Ratio (NP) (%)26.600.000.000.0048.39
Dividend Payout Ratio (CP) (%)18.270.000.000.0023.64
Earning Retention Ratio (%)73.400.000.000.0051.61
Cash Earning Retention Ratio (%)81.730.000.000.0076.36
Interest Coverage Ratio (X)37.5534.4312.2714.7211.82
Interest Coverage Ratio (Post Tax) (X)21.1318.191.708.375.14
Enterprise Value (Cr.)583.80467.36465.22291.19344.42
EV / Net Operating Revenue (X)0.530.520.750.350.43
EV / EBITDA (X)3.633.9811.363.344.24
MarketCap / Net Operating Revenue (X)0.640.600.800.370.44
Retention Ratios (%)73.390.000.000.0051.60
Price / BV (X)1.881.651.811.161.44
Price / Net Operating Revenue (X)0.640.600.800.370.44
EarningsYield0.120.100.000.140.08

Indraprastha Medical Corporation Ltd Profitability Ratios (%)

Indraprastha Medical Corporation Ltd Liquidity Ratios

Indraprastha Medical Corporation Ltd Liquidity Ratios (%)

Indraprastha Medical Corporation Ltd Interest Coverage Ratios (%)

Indraprastha Medical Corporation Ltd Valuation Ratios

Fair Value of Indraprastha Medical Corporation Ltd Stock

Fair Value: ₹172.88

The stock is overvalued by 8.04% compared to the current price ₹188

*Investments are subject to market risks

Strength and Weakness of Indraprastha Medical Corporation Ltd Stock

StrengthWeakness
  1. The stock has a high average ROCE of 20.67%, which is a positive sign.
  2. The stock has a low average Working Capital Days of -7.83, which is a positive sign.
  3. The company has higher reserves (162.38 cr) compared to borrowings (36.77 cr), indicating strong financial stability.
  4. The company has shown consistent growth in sales (609.00 cr) and profit (56.62 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 10.63 and average Dividend Yield of 6.92%.
  2. The stock has a high average Cash Conversion Cycle of 34.17, which may not be favorable.

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 Indraprastha Medical Corporation 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