Fortis Healthcare Ltd Stock Analysis

BSE: 532843 | NSE: FORTIS | Hospital & Healthcare Services | Mid Cap

BSE Share Price 23-Mar-2023 18:01
251.05 -2.15 (-0.85%)

DeciZen - Make an Informed Decision on Fortis Healthcare

Overall Rating

1. Quality

2. Valuation

Fair

3. Price Trend

Fortis Healthcare Price Chart

P/E Ratio ( SA) :
271.03
Market Cap :
18,953.2 Cr.
52-wk low :
219.8
52-wk high :
324.8
Bole Toh?

1. Is Fortis Healthcare Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Fortis Healthcare Ltd is a below average quality company.

2. Is Fortis Healthcare Ltd undervalued or overvalued?

The key valuation ratios of Fortis Healthcare Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Fortis Healthcare Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Fortis Healthcare Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Fortis Healthcare:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Fortis Healthcare Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 2.7%1.7%0.8%0.3%1%0.6%3.5%7.4%0.7%0.9%-
Value Creation Index -0.8-0.9-1.0-1.0-0.9-1.0-0.7-0.5-1.0-0.9-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 353369611612645659656702633863986
YoY Gr. Rt. %-4.5%65.5%0.2%5.5%2.2%-0.5%6.9%-9.8%36.3%-
Adj EPS 0.50.3-0.4-0.7-0.5-0.31.68-0.5-00.9
YoY Gr. Rt. %--36.5%-224.2%NANANANA393.8%-105.9%NA-
BVPS (₹) 7980.279.580.782.180.9110.4117.6117.6117.5118.7
Adj Net Profit 21.215.3-18.8-32.5-24.2-16.5123604-35.7-1.770
Cash Flow from Ops. 1.5-44.7-144-76121.7-14.8-61.399.931.976.5-
Debt/CF from Ops. 697.7-28.6-8.6-1.429.8-37.5-23.77.224.48.4-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 10.4%6%9.5%36.3%
Adj EPS -169.6%NA-123.1%NA
BVPS 4.57.42.1-0.1
Share Price 10.2% 11.8% 24.9% -10.3%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 0.70.4-0.5-0.9-0.6-0.427-0.4-00.8
Op. Profit Mgn % 1.3-21.6-20.4-20.4-12.1-5.7-18.79.84.413.412.7
Net Profit Mgn % 64.2-3.1-5.3-3.8-2.518.786-5.6-0.27.1
Debt to Equity 0.30.30.30.30.20.10.20.10.10.1-
Working Cap Days 1,9711,9011,3311,3739395366277947564160
Cash Conv. Cycle 2945175-15-37-51-67-72-770

Recent Performance Summary

Sales growth is good in last 4 quarters at 16.22%

Return on Equity has declined versus last 3 years average to 0.80%

Sales growth has been subdued in last 3 years 9.53%

Net Profit has been subdued in last 3 years -123.11%

Latest Financials - Fortis Healthcare Ltd.

Standalone Consolidated
TTM EPS (₹) 0.9 6.9
TTM Sales (₹ Cr.) 986 6,033
BVPS (₹.) 118.7 93.9
Reserves (₹ Cr.) 8,207 6,332
P/BV 2.11 2.67
PE 271.03 36.16
From the Market
52 Week Low / High (₹) 219.80 / 324.80
All Time Low / High (₹) 45.00 / 324.80
Market Cap (₹ Cr.) 18,953
Equity (₹ Cr.) 755
Face Value (₹) 10
Industry PE 58.3

Management X-Ray of Fortis Healthcare :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Fortis Healthcare

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

Fortis Healthcare Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Fortis Healthcare on 23-Mar-2023 18:01 is : 251.1.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 23-Mar-2023 18:01 the market cap of Fortis Healthcare stood at ₹ 18,953.2.
The latest PE ratio of Fortis Healthcare as of 23-Mar-2023 18:01 is 271.0.
The latest PB ratio of Fortis Healthcare as of 23-Mar-2023 18:01 is 2.11
The 52-week high of Fortis Healthcare is ₹ 324.8 and the 52-week low is ₹ 219.8.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Fortis Healthcare is ₹ 985.7 ( Cr.) .

About Fortis Healthcare Ltd

Fortis Healthcare (FHL) incorporated in 1996 is engaged in running chain of hospitals. FHL started its hospital operations in 2001 through its flagship Mohali Hospital. Fortis Healthcare Limited is a leading integrated healthcare delivery service provider in India. The healthcare verticals of the company primarily comprise hospitals, diagnostics and day care specialty facilities.

On November 13, 2018, IHH Healthcare Berhad, Malaysia acquired 31.10% stake in the Company and appointed majority of board of directors, thereby, becoming the controlling shareholder of the Company.

Business area of the company

The company is a leading integrated healthcare delivery service provider. The Company is primarily engaged in the business of healthcare services. The Company holds interests in its subsidiaries, associates and joint ventures which manages and operates a network of multi-specialty hospitals and diagnostics centres.

Awards & Accolades

2016-17

  • Fortis adjudged ‘Hospital of the Year in India’ and ‘Digital Savvy Hospital of the Year’ at the 2016 APAC Healthcare and Medical Tourism Awards
  • Fortis Hospital, BG Road, wins ‘Best Medical Tourism Hospital’ Award
  • Fortis Hospital, Mohali, wins coveted Asia Pacific Hand Hygiene Excellence Award
  • Fortis Escorts Hospital, Jaipur, wins Quality Council of India recognition for the fourth time in a row
  • Fortis C-DOC bags ‘Best Diabetic Care Centre in India’ award for the 3rd time in a row
  • Dr Bidhu K. Mohanti, Director and Head, Radiation Oncology, FMRI, receives Lifetime Achievement Award
  • Fortis creates history at the CII 17th National Awards for Excellence in Energy Management; four hospitals win top honours
  • Fortis Hospital, Ludhiana wins Best Multi-speciality Hospital and Best Quality in Service Delivery awards
  • Fortis Mulund wins two awards each at CIMS Healthcare Excellence and 3rd Asia Healthcare Excellence Awards
  • Dr Narottam Puri receives Lifetime Achievement Award at FICCI 8th Annual Healthcare Excellence Awards, 2016

2017-18

  • Team Nursing of Fortis Mulund won two prestigious honours at the 7th International Patient Safety Conference, held in Mumbai
  • Two Fortis luminaries, Dr Ashok Seth and Dr Ashok Rajgopal, received the prestigious Dr B. C. Roy National Award from the President of India.
  • The Pharmacy Team at Fortis Hospital, Mulund, has received the 'Pharmacie de Qualite' certification and has been honoured with Platinum rating
  • Fortis Healthcare won the prestigious 'Gurgaon Best Employer Brand Award 2017
  • Fortis Hospital, Mulund, won an award for its project, 'One Fortis: Training in Action' at the Asian Hospital Management Awards 2017.
  • Fortis Hospitals, Bengaluru, bagged three awards, ‘Best Patient Safety Initiative,’ ‘Best CSR Practices in Healthcare’ and ‘Best Use of Social Media and Digital Marketing’ at Times Television Network - National
    Marketing Excellence Awards - 2017
  • Fortis Escorts Hospital, Jaipur, won the National Quality Council of India (QCI) D. L. Shah Award for the fifth time in a row
  • Fortis Escorts Hospital, Faridabad, was recognised as the 'Best Heart Hospital' at the Double Helical State Health Awards 2017

2018-19

  • Fortis Hospital, Mulund, earned the JCI re-accreditation for the fifth time in a row
  • Fortis Healthcare won the ‘Business Process Management (BPM) Asia Master Award’ for the Enterprise level at the BPM Asia Star Championship 2018 organised by CII
  • Fortis Healthcare received the prestigious FICCI Healthcare Excellence Awards 2018 in the Social Initiative category for the 'Umeed Dhadkan' programme
  • Fortis Healthcare's MORETOGIVE ad film won a Bronze at the Indian Content Marketing Awards
  • Fortis Hospital, BG Road, Bengaluru, was ranked by the Medical Travel Quality Alliance (MTQUA) as one of the Top 10 World’s Best Hospitals for Medical Tourism for 2018
  • For the fifth consecutive year, Fortis C-DOC, New Delhi, was named the ‘Best Hospital in India Diabetic Care’ recognition at the Current Index of Medical Specialities Healthcare Excellence Awards 2018

2019-20

  • Economic Times Healthworld Hospital Awards’20
  • FICCI Medical Travel Value Awards 2019
  • Excellence in Cardiac Sciences
  • Joint Commission International (JCI) accreditation
  • National Award for Excellence in Energy Management, 2019
  • Best Hospital to Work For
  • International Patient Safety Congress
  • Most Trusted Diagnostic Centre of the Year

Milestones

  • 2008: Fortis Hospital, Noida Becomes first hospital In Uttar Pradesh to receive the coveted NABH Accredita
  • 2008: Fortis Escorts Becomes First Hospital in Faridabad to Launch Total Knee Replacement Unit
  • 2009: Announces taking over of the operational and management control of the 200-bed Apollo Modi Hospital in Kota (Rajasthan) for providing superior healthcare services in the region.
  • 2009: Launches dental centre at Malar Hospital, Chennai, with the aim of promoting dental tourism in the city. The Fortis Dental Centre has been floated on partnership basis with dental chain Axiss Dental
  • 2010: Completes acquisition of 23.9% stake in Parkway Holdings
  • 2010: Divests entire stake in Parkway to Khazanah
  • 2010: Adds cancer institute in its hospital portfolio
  • 2010: Inks pact with Republic Of Burundi
  • 2010: Inks MOU with RAK Hospital and Tanzania's RMC
  • 2010: Strengthens presence in Central India Network; touches 50 hospitals mark
  • 2010: Acquires O P Jindal Hospital in Raigarh, Chhattisgarh
  • 2010:  Unveils new hospital in Shalimar Bagh in Delhi
  • 2010: Adds Vivekanand Hospital to its network
  • 2011: Signs MoU with Utah University for specialized care in emergency medicine
  • 2011: Changes name of company from Fortis Healthcare Ltd to Fortis Healthcare (India) Ltd.
  • 2011: Adds 100 bed Lifeline Hospital at Alwar in Rajasthan,
  • 2011: Fortis Healthcare Ltd acquired Super Religare Laboratories (SRL), South-east Asia's largest diagnostics laboratory network to further strengthen presence across the healthcare value chain
  • 2012: Fortis Healthcare Ltd acquired Fortis Healthcare International Pte. Ltd.-Fortis Healthcare Ltd launched the first colorectal hospital in Singapore, becoming the first Indian hospital chain with a greenfield hospital abroad'
  • 2017: Fortis Healthcare and wayForward collaborate on a unique emotional wellness programme to combat workplace stress
  • 2018: Board of Fortis Healthcare approves the binding investment proposal from IHH Healthcare for an investment of Rs 4,000 crore at a per share price of Rs 170
  • 2019: Fortis join hands with Tips for #Music4MentalHealth Initiative
  • 2019: Fortis School Mental Health Programme initiates internship for students
  • 2020: Fortis rolls out e-Consultations for remote patient care in 23 hospitals across multiple locations in India
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