Artemis Medicare Services Ltd - Stock Valuation and Financial Performance

BSE: 542919 | NSE: ARTEMISMED | Hospital & Healthcare Services | Small Cap

Artemis Medicare Share Price

169.80 -1.15 -0.67%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Artemis Medicare

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Semi Strong

Artemis Medicare Services stock performance -

mw4me loader
P/E Ratio (SA):
50.57
Market Cap:
2,306.9 Cr.
52-wk low:
63.5
52-wk high:
192

Is Artemis Medicare Services Ltd an attractive stock to invest in?

1. Is Artemis Medicare Services Ltd a good quality company?

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

2. Is Artemis Medicare Services Ltd undervalued or overvalued?

The key valuation ratios of Artemis Medicare Services Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Artemis Medicare Services Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Artemis Medicare Services Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Artemis Medicare:

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.
Artemis Medicare Services 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'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 6.6%11.4%11%12.2%10.8%8.1%7%3.2%8.3%8.8%-
Value Creation
Index
-0.5-0.2-0.2-0.1-0.2-0.4-0.5-0.8-0.4-0.4-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 261367402459503547563402545714815
Sales YoY Gr.-40.7%9.4%14.2%9.5%8.7%3%-28.6%35.5%31.1%-
Adj EPS 0.30.911.31.301.50.42.52.83.4
YoY Gr.-178.8%8.7%28%0%-100%NA-75.7%583.3%15.5%-
BVPS (₹) 3.1456.67.9018.719.321.724.727.2
Adj Net
Profit
719.42126.92721.919.64.832.638.146
Cash Flow from Ops. 44.752.820.557.971.940.556.52760.7129-
Debt/CF from Ops. 2.51.63.31.61.32.81.64.42.91.7-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 11.8%7.3%8.3%31.1%
Adj EPS 27%17.3%24.3%15.5%
BVPS25.9%25.7%9.6%13.8%
Share Price - - 99.5% 162.1%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
5.213.212.413.912.48.36.41.59.59.913
Op. Profit
Mgn %
10.711.810.811.51212.111.18.812.213.214.3
Net Profit
Mgn %
2.75.35.25.95.443.51.265.35.6
Debt to
Equity
1.710.60.70.60.50.40.50.60.7-
Working Cap
Days
70617176696776106857937
Cash Conv.
Cycle
-11-15-8-4-7-42455-6

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 13.00%

Net Profit is growing at healthy rate in last 3 years 24.27%

Debt to equity has declined versus last 3 years average to 0.68

Sales growth is good in last 4 quarters at 21.45%

Sales growth has been subdued in last 3 years 8.25%

Latest Financials - Artemis Medicare Services Ltd.

Standalone Consolidated
TTM EPS (₹) 3.4 3.4
TTM Sales (₹ Cr.) 815 849
BVPS (₹.) 27.2 26.9
Reserves (₹ Cr.) 355 352
P/BV 6.25 6.31
PE 50.57 50.64
From the Market
52 Week Low / High (₹) 63.50 / 192.00
All Time Low / High (₹) 12.00 / 192.00
Market Cap (₹ Cr.) 2,307
Equity (₹ Cr.) 13.6
Face Value (₹) 1
Industry PE 83.6

Management X-Ray of Artemis Medicare:

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 Artemis Medicare

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales261367402459503547563402545714
Operating Expenses 234325359407443482501367479621
Manufacturing Costs97143158181209231238156208294
Material Costs7298106120122131138115153185
Employee Cost 47577077909710282102117
Other Costs 18272429222322141625
Operating Profit 27424352596462356694
Operating Profit Margin (%) 10.5%11.4%10.8%11.3%11.8%11.7%11.1%8.7%12.1%13.1%
Other Income 1355445457
Interest 13129991113121119
Depreciation 9121215182022212129
Exceptional Items 0000000300
Profit Before Tax 721273235373293953
Tax 0365916122613
Profit After Tax 719222727212073340
PAT Margin (%) 2.6%5.1%5.4%5.9%5.3%3.8%3.6%1.8%6.0%5.6%
Adjusted EPS (₹)0.30.91.01.31.30.01.50.52.53.0
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%15%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 137156184204231280314322354398
Share Capital 2121212121013131313
Reserves 116135163183210280301308341385
Minority Interest0000000000
Debt8558506652917199153198
Long Term Debt8558506652536199153198
Short Term Debt000003811000
Trade Payables42525562677474565883
Others Liabilities 49655691101109122121149227
Total Liabilities 313331345422452555581597713907

Fixed Assets

Gross Block293309331379341434461462585719
Accumulated Depreciation5770829733537490109135
Net Fixed Assets236239249283309381387372476584
CWIP 00127434956816495
Investments 00000024612
Inventories5766671191213
Trade Receivables29405460567977537085
Cash Equivalents 2124610121215292748
Others Assets22212836262634495971
Total Assets 313331345422452555581597713907

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 455320587241562761129
PBT 721273235373293953
Adjustment 22231519142634293646
Changes in Working Capital 1110-21824-13-5-8233
Tax Paid 5-10-1-1-10-4-2-16-2
Cash Flow From Investing Activity -12-10-14-74-67-50-22-34-106-153
Capex -7-16-17-75-61-57-19-25-106-134
Net Investments -6500-76-1-80-15
Others 013211-1-10-4
Cash Flow From Financing Activity -21-35-2419-1014-33134430
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing -5-25-1727-2-156365551
Interest Paid -13-11-7-8-7-9-10-10-8-15
Dividend Paid 0000000000
Others -4000038-28-13-3-6
Net Cash Flow 117-183-4526-27
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)10.8424.9322.8722.1517.5710.888.832.8212.0212.85
ROCE (%)11.3719.2121.1520.5918.3616.0513.025.9311.8913.87
Asset Turnover Ratio0.871.141.191.21.151.090.990.680.830.88
PAT to CFO Conversion(x)6.432.790.912.152.671.952.83.861.853.23
Working Capital Days
Receivable Days37344245424550594139
Inventory Days7665546976
Payable Days170176184177193197195206136139

Artemis Medicare Services Ltd Stock News

Artemis Medicare Services Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Artemis Medicare on 28-Mar-2024 16:01 is ₹169.8.
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 28-Mar-2024 16:01 the market cap of Artemis Medicare stood at ₹2,306.9.
The latest P/E ratio of Artemis Medicare as of 28-Mar-2024 16:01 is 50.57.
The latest P/B ratio of Artemis Medicare as of 28-Mar-2024 16:01 is 6.25.
The 52-week high of Artemis Medicare is ₹192.0 and the 52-week low is ₹63.50.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Artemis Medicare is ₹815.4 ( Cr.) .

About Artemis Medicare Services Ltd

Artemis Medicare Services Limited was incorporated on May 18, 2004. The Company commenced its commercial operation by setting up Artemis Hospital (formerly Artemis Health Institute) at Gurugram on 16th July, 2007.

Artemis Health Institute, established in 2007, is a healthcare venture launched by the promoters of the Apollo Tyres Group. Artemis is the first Hospital in Gurgaon to get accredited by Joint Commission International (JCI) (in 2013). It is the first Hospital in Haryana to get NABH accreditation within 3 years of start up.

Designed as one of the most advanced in India, Artemis provides a depth of expertise in the spectrum of advanced medical & surgical interventions, comprehensive mix of inpatient and outpatient services. Artemis has put modern technology in the hands of renowned from across the country and abroad to set new standards in healthcare. The medical practices and procedures followed in the hospital are research oriented and benchmarked against the best in the world. Top-notch services, in a warm, open centric environment, clubbed with affordability, has made it one of the most revered hospitals in the country.

Business area of the company

The Company is engaged in the business of managing and operating of multi specialty hospitals.

Awards
  • 2020: First position in CII National HR Circle Competition (Stream: Innovative Leadership during Crisis)by Confederation of Indian Industry (CII)
  • 2019: Kayakalp Award for Excellence in promoting cleanliness, hygiene and infection control by Quality Council of India in association with Ministry of Health and Family Welfare, Government Of India
  • 2019: Healthcare HR Excellence Award by Rxcruit
  • 2019: Indian Healthcare Excellence Awardby Brands Win
  • 2019: Excellence in Healthcare Award at “India’s Most Trusted Healthcare Awards 2019” (Best Bone Marrow Transplant Centre in North India) by My Brand Better
  • 2019: One of India's Top 50 Companies with GPMS (Great People Managers Study) by Great Manager Institute in association with Forbes India
  • 2019: D.L. Shah Quality Silver Award - For the case study End to End Care Delivery by Quality Council of India
  • 2018: FICCI Healthcare Excellence Award 2018 for Service Excellence by FICCI Healthcare
  • 2018: Award for Excellence in Healthcare by The Healthcare Today
  • 2018: Best Multi Super Specialty Hospital in Delhi NCR by Health Care Awards
  • 2017: Best Super Specialty Hospital in Delhi - NCR by Indian Excellence Award 2017
  • 2017: Best Hospital in Quality Treatment - State Health Awards by IMA Punjab & AHPI
  • 2017: Healthcare Transformation Awards - Mobile Innovations in healthcare by NASSCOM dynamic CIO.
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