Global Health Ltd - Stock Valuation and Financial Performance

BSE: 543654 | NSE: MEDANTA | Hospital & Healthcare Services | Mid Cap

Global Health Share Price

984.80 11.65 1.20%
as on 04-Oct'24 10:08

DeciZen - make an informed investing decision on Global Health

Overall Rating
Bole Toh

1. Quality

2. Valuation

Somewhat overvalued

3. Price Trend

Global Health stock performance -

mw4me loader
P/E Ratio (SA):
70.45
Market Cap:
26,133.7 Cr.
52-wk low:
707.6
52-wk high:
1,513.8

Is Global Health Ltd an attractive stock to invest in?

1. Is Global Health Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Global Health Ltd is a good quality company.

2. Is Global Health Ltd undervalued or overvalued?

The key valuation ratios of Global Health Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

3. Is Global Health Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Global Health 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 Global Health:

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.
Global Health Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Value Creation Index Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 26.5%26.4%8.9%6.8%8.3%11.3%7.7%19.5%17.2%18.9%-
Value Creation
Index
1.41.4-0.2-0.4-0.30-0.30.40.30.7-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 1,1941,3821,2771,3431,4411,4721,2271,7651,9742,2802,332
Sales YoY Gr.-15.7%-7.6%5.2%7.3%2.2%-16.6%43.8%11.8%15.5%-
Adj EPS 6.27.22.31.62.64.12.38.69.913.413.8
YoY Gr.-17.3%-68.4%-32.3%69.7%57.4%-44.7%276.9%14.5%35.8%-
BVPS (₹) 35.642.544.44649.954.457.268.592.6105.9109.5
Adj Net
Profit
15017655.537.564.710256.8219265360371
Cash Flow from Ops. 21422812480.1152193201235431341-
Debt/CF from Ops. 0.20.61.52.10.90.10.10.50.20.2-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 7.5%9.6%22.9%15.5%
Adj EPS 9%38.5%80.3%35.8%
BVPS12.9%16.3%22.8%14.4%
Share Price - - - 33%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
18.51853.25.17.53.913.612.513.512.8
Op. Profit
Mgn %
2222.1109.710.114.914.121.621.522.121.7
Net Profit
Mgn %
12.512.74.32.84.56.94.612.413.415.815.9
Debt to
Equity
0.10.10.20.20.1000.100-
Working Cap
Days
40425465738015415816719395
Cash Conv.
Cycle
-14-9-35951098462

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 22.93%

Net Profit is growing at healthy rate in last 3 years 80.29%

Sales growth is good in last 4 quarters at 14.37%

Return on Equity has declined versus last 3 years average to 12.80%

Latest Financials - Global Health Ltd.

Standalone Consolidated
TTM EPS (₹) 13.8 18
TTM Sales (₹ Cr.) 2,332 3,346
BVPS (₹.) 109.5 112
Reserves (₹ Cr.) 2,887 2,954
P/BV 8.89 8.69
PE 70.45 54.17
From the Market
52 Week Low / High (₹) 707.60 / 1513.75
All Time Low / High (₹) 391.05 / 1513.75
Market Cap (₹ Cr.) 26,134
Equity (₹ Cr.) 53.7
Face Value (₹) 2
Industry PE 39.9

Management X-Ray of Global Health:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Global Health

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales1,1941,3821,2771,3431,4411,4721,2271,7651,9742,280
Operating Expenses 9311,0771,1511,2131,2971,2541,0541,3841,5521,777
Manufacturing Costs505593139182170206294342382
Material Costs322363285313325314298441459540
Employee Cost 422472519527541522416495533591
Other Costs 138187253234250248135155218263
Operating Profit 263305127130144219173381422503
Operating Profit Margin (%) 22.0%22.1%9.9%9.7%10.0%14.8%14.1%21.6%21.4%22.1%
Other Income 364567496544283548103
Interest 9142328213329333230
Depreciation 62698186919988878687
Exceptional Items 0000000000
Profit Before Tax 22926890649713184296352489
Tax 799235273428277788128
Profit After Tax 15017655376310357219263361
PAT Margin (%) 12.5%12.7%4.3%2.8%4.4%7.0%4.7%12.4%13.3%15.8%
Adjusted EPS (₹)6.37.32.31.52.64.22.38.69.813.4
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 8811,0571,1091,1481,2581,3741,4511,7342,4842,844
Share Capital 80818181828282515454
Reserves 8019761,0281,0671,1771,2921,3691,6842,4302,791
Minority Interest0000000000
Debt40124162148115181989580
Long Term Debt40113132123115181989580
Short Term Debt0113025000000
Trade Payables8392104106126118109103142138
Others Liabilities 2142232883072594978389271,0701,244
Total Liabilities 1,2181,4961,6641,7091,7582,0082,4182,8543,7544,226

Fixed Assets

Gross Block9801,2131,1261,1671,1981,3501,3541,4101,4721,581
Accumulated Depreciation231300154239329421502583663740
Net Fixed Assets749913972928869929851827810841
CWIP 231187534675184
Investments 91400356501626734765790
Inventories25282123233232404244
Trade Receivables5375107152164148130173173192
Cash Equivalents 3033714692532402192554411,145959
Others Assets5584863461011755216327441,216
Total Assets 1,2181,4961,6641,7091,7582,0082,4182,8543,7544,226

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 21422812480152193201235431341
PBT 22926890649713184296352489
Adjustment 63761071221051221051008353
Changes in Working Capital -24-18-14-523-426-6996-56
Tax Paid -54-97-58-53-67-56-15-91-101-145
Cash Flow From Investing Activity -126-245-112-46-104-45-250-313-257-699
Capex -76-156-90-49-29-17-23-64-115-185
Net Investments 00-48-233696-117-162-145-222
Others -50-892625-111-124-111-873-291
Cash Flow From Financing Activity -87-7-6-36-49-56-3798404-66
Net Proceeds from Shares 1100100384790
Net Proceeds from Borrowing 000-8-6-16098-34-33
Interest Paid -9-11-17-23-18-23-21-24-25-23
Dividend Paid 0000000000
Others -79411-5-25-16-15-14-16-10
Net Cash Flow 0-246-2-192-8620577-424
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)19.3318.765.243.415.3884.1513.8812.4813.55
ROCE (%)26.5326.398.896.788.2911.37.6919.5117.2318.88
Asset Turnover Ratio1.021.020.810.80.830.780.550.670.60.57
PAT to CFO Conversion(x)1.431.32.252.162.411.873.531.071.640.94
Working Capital Days
Receivable Days14172635403941313229
Inventory Days77766710787
Payable Days9488126123131142139889895

Global Health Ltd Stock News

Global Health Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Global Health on 04-Oct-2024 10:08 is ₹984.8.
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 04-Oct-2024 10:08 the market cap of Global Health stood at ₹26,133.7.
The latest P/E ratio of Global Health as of 04-Oct-2024 10:08 is 70.45.
The latest P/B ratio of Global Health as of 04-Oct-2024 10:08 is 8.89.
The 52-week high of Global Health is ₹1,513.8 and the 52-week low is ₹707.6.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Global Health is ₹2,332 ( Cr.) .

About Global Health Ltd

The company was incorporated as ‘Global Health Private Limited’ on August 13, 2004 at New Delhi, India as a private limited company under the Companies Act, 1956 pursuant to a certificate of incorporation by the Registrar of Companies, Delhi and Haryana at Delhi (RoC). The company was then converted into a public limited company under the Companies Act, 2013, pursuant to a special resolution passed by its Shareholders at the EGM held on July 31, 2021 and consequently, the name of the Company was changed to ‘Global Health Limited’ and a fresh certificate of incorporation dated August 11, 2021 was issued by the RoC.

The company is one of the largest private multi-speciality tertiary care providers operating in the North and East regions of India in terms of bed capacity and operating revenues amongst the players that operate in the North and East regions of India, with key specialties of cardiology and cardiac science, neurosciences, oncology, digestive and hepatobiliary sciences, orthopaedics, liver transplant, and kidney and urology. Under the “Medanta” brand, the company has a network of many hospitals currently in operation (Gurugram, Indore, Ranchi, Lucknow and Patna) and one hospital (Noida), which is under construction. The company strives to deliver advanced healthcare by establishing institutes of excellence that integrate medical care, teaching and research all while providing affordable medical services to patients.

Business area of the company

Global Health is one of the largest private multi-speciality tertiary care providers operating in the North and East regions of India. The company has key specialities in cardiology and cardiac science, neurosciences, oncology, digestive and hepatobiliary sciences, orthopaedics, liver transplant, and kidney and urology.

Key awards, accreditations, certifications and recognitions

Accreditations

  • 2011: 1st National Accreditation Board for Hospitals and Healthcare Providers (“NABH”) accreditation for the hospital at Gurugram
  • 2011: 1st National Accreditation Board for Testing and Calibration Laboratories accreditation for the hospital at Gurugram.
  • 2013: 1st Joint Commission International (JCI) accreditation for the hospital at Gurugram
  • 2014: 1st NABH (blood bank) accreditation for the hospital at Gurugram.
  • 2016: 1st NABH accreditation for the hospital at Indore.
  • 2018: 1st NABH accreditation for the hospital at Ranchi.
  • 2020: 1st NABH accreditation for the Medanta Institutional Ethics Committee at the hospital at Gurugram.
  • 2022: 1st NABH accreditation for the hospital at Lucknow.

Awards

  • 2020: Hospital at Gurugram ranked as the best private hospital in India by Newsweek.
  • 2021: Hospital at Gurugram featured in the top 200 global hospitals by Newsweek.
  • 2021: Hospital at Gurugram ranked as the best private hospital in India by Newsweek.
  • 2021: Hospital at Gurugram featured in the list of world’s best specialised hospitals for cardiology by Newsweek.
  • 2021: Hospital at Gurugram awarded ‘Best Multi-Speciality Hospital – National’ at ‘The Economic Times Healthcare Awards, 2021’.
  • 2021: Hospital at Gurugram ranked as the best multi-specialty private hospital in North India by The Week.
  • 2021: Hospital at Gurugram was ranked first for emergency, neurology, gynaecology, and ranked second for cardiology, gastroenterology, nephrology, oncology and urology by The Times of India’s Critical Care Study 2021.
  • 2022: Hospital at Gurguram featured in the list of world’s best specialised hospitals for cardiology and neurology by Newsweek.
  • 2022: Hospital at Gurugram featured in the top 250 global hospitals by Newsweek.
  • 2022: Hospital at Gurugram ranked as the best private hospital in India by Newsweek.
  • 2022: Hospital at Gurugram ranked as the best multi-speciality private hospital in North India and the second best private hospital in India as per Best All India Multi Speciality Hospital Ranking 2022 by Outlook and NEB Research.

Major Events:

  • 2009: Establishment and commencement of operations of Medanta – the Medicity Hospital at Gurugram.
  • 2010: Leased premises for clinic at the Indira Gandhi International Airport, New Delhi.
  • 2010: Leased premises for clinic at Defence Colony, New Delhi.
  • 2013: Anant Investments (i.e., Investor Selling Shareholder) invested in Company.
  • 2013: Leased premises for clinic at DLF Cybercity.
  • 2014: Entered into a 27-year lease for hospital at Indore.
  • 2015: Dunearn Investments (Mauritius) Pte Ltd invested in Company.
  • 2015: Entered into a 15-year lease for hospital at Ranchi.
  • 2015: GHPPL entered into a 33-year concession agreement with Governor of Bihar for the development, operation and maintenance of a proposed hospital on public-private partnership at Patna.
  • 2016: Entered into a 90-year lease for a proposed hospital at Noida.
  • 2019: Commencement of operations of new hospital at Lucknow by MHPL.
  • 2020: Gurugram hospital outpatient department pharmacy taken in-house.
  • 2020: Launch of outpatient department at hospital at Patna by GHPPL.
  • 2021: Lucknow hospital outpatient department pharmacy taken in-house.
  • 2021: Indore hospital outpatient department pharmacy taken in-house.
  • 2021: Ranchi hospital outpatient department pharmacy taken in-house.
  • 2021: Launch of outpatient department pharmacy at south Delhi clinic.
  • 2022: Patna hospital’s inpatient department facility commenced operations.
  • 2022: Launch of Patna hospital outpatient department pharmacy.
  • 2022: Leased premises for clinic at Subhash Chowk.
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