GPT Healthcare Ltd - Stock Valuation and Financial Performance

BSE: 544131 | NSE: GPTHEALTH | Hospital & Healthcare Services | Small Cap

GPT Healthcare Share Price

175.60 -1.95 -1.10%
as on 26-Apr'24 16:01

DeciZen - make an informed investing decision on GPT Healthcare

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

GPT Healthcare stock performance -

mw4me loader
P/E Ratio (SA):
37.01
Market Cap:
1,443.8 Cr.
52-wk low:
139.6
52-wk high:
219.7

Is GPT Healthcare Ltd an attractive stock to invest in?

1. Is GPT Healthcare Ltd a good quality company?

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

2. Is GPT Healthcare Ltd undervalued or overvalued?

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

3. Is GPT Healthcare Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of GPT 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 GPT 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.
GPT Healthcare Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 0%0%0%0%8.3%11.7%9.5%12.2%19.3%18.6%-
Value Creation
Index
NANANANA-0.4-0.2-0.3-0.10.40.3-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 0000146172212243337361361
Sales YoY Gr.-NANANANA17.5%23.3%14.6%39%7%-
Adj EPS 00001.42.82.13.85.24.84.8
YoY Gr.-NANANANA98.6%-27%85.9%35.8%-6.9%-
BVPS (₹) 000018.721.516.117.519.820.782.4
Adj Net
Profit
00007.715.211.120.641.538.739
Cash Flow from Ops. 000022.331.741.5436666.4-
Debt/CF from Ops. 00003.52.82.72.91.51-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NA19.8%19.5%7%
Adj EPS NA27.8%32.9%-6.9%
BVPSNA2%8.7%4.6%
Share Price - - - -

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
00007.6149.215.828.423.99.2
Op. Profit
Mgn %
000017.721.21720.221.920.621.8
Net Profit
Mgn %
00005.28.85.28.512.310.710.8
Debt to
Equity
00000.80.80.90.90.60.4-
Working Cap
Days
0000010511412189780
Cash Conv.
Cycle
00000-30-25-21-14-140

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 19.45%

Net Profit is growing at healthy rate in last 3 years 32.94%

Debt to equity has declined versus last 3 years average to 0.39

Return on Equity has declined versus last 3 years average to 9.20%

Sales growth is not so good in last 4 quarters at 1.94%

Latest Financials - GPT Healthcare Ltd.

Standalone Consolidated
TTM EPS (₹) 4.8 5.1
TTM Sales (₹ Cr.) 361 337
BVPS (₹.) 82.4 0
Reserves (₹ Cr.) 594 575
P/BV 2.14 0.00
PE 37.01 34.62
From the Market
52 Week Low / High (₹) 139.60 / 219.70
All Time Low / High (₹) 139.60 / 219.70
Market Cap (₹ Cr.) 1,444
Equity (₹ Cr.) 82.1
Face Value (₹) 10
Industry PE 84.6

Management X-Ray of GPT Healthcare:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of GPT Healthcare

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales146172212243337361
Operating Expenses 120136176194264287
Manufacturing Costs58638179110132
Material Costs273138578776
Employee Cost 273142425462
Other Costs 91114151317
Operating Profit 263636497474
Operating Profit Margin (%) 17.6%21.0%16.9%20.2%21.9%20.6%
Other Income 434656
Interest 10101414119
Depreciation 8911121415
Exceptional Items 000000
Profit Before Tax 112015295456
Tax 35481217
Profit After Tax 81511214239
PAT Margin (%) 5.2%8.7%5.2%8.7%12.3%10.8%
Adjusted EPS (₹)1.42.82.03.95.24.9
Dividend Payout Ratio (%)0%0%0%67%134%82%

Balance Sheet

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

Equity and Liabilities

Shareholders Fund 101116127134158165
Share Capital 181858588080
Reserves 839869767885
Minority Interest000000
Debt60791031047642
Long Term Debt4869961027240
Short Term Debt11107232
Trade Payables232333262933
Others Liabilities 322942475786
Total Liabilities 216247305311320327

Fixed Assets

Gross Block169180260266279296
Accumulated Depreciation162434465968
Net Fixed Assets153156226220220228
CWIP 20332013
Investments 00111013
Inventories456679
Trade Receivables121117171321
Cash Equivalents 011599
Others Assets264152615944
Total Assets 216247305311320327

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 223241436666
PBT 112015295456
Adjustment 151722212019
Changes in Working Capital -1-35-952
Tax Paid -3-303-13-10
Cash Flow From Investing Activity -6-31-54-16-55
Capex -13-25-47-5-10-8
Net Investments 0000-10-5
Others 6-6-8-111518
Cash Flow From Financing Activity -16012-22-57-73
Net Proceeds from Shares 000000
Net Proceeds from Borrowing -6122911-29-30
Interest Paid -10-10-14-14-11-8
Dividend Paid 000-13-17-32
Others 0-2-3-60-4
Net Cash Flow 01-143-2
PARTICULARSMar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)7.5213.8710.8123.3433.0524.11
ROCE (%)11.7816.0713.0417.1425.5626.93
Asset Turnover Ratio0.680.740.770.791.071.12
PAT to CFO Conversion(x)2.752.133.732.051.571.69
Working Capital Days
Receivable Days312524261717
Inventory Days109101078
Payable Days318276266188114150

GPT Healthcare Ltd Stock News

GPT Healthcare Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of GPT Healthcare on 26-Apr-2024 16:01 is ₹175.6.
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 26-Apr-2024 16:01 the market cap of GPT Healthcare stood at ₹1,443.8.
The latest P/E ratio of GPT Healthcare as of 26-Apr-2024 16:01 is 37.01.
The latest P/B ratio of GPT Healthcare as of 26-Apr-2024 16:01 is 2.14.
The 52-week high of GPT Healthcare is ₹219.7 and the 52-week low is ₹139.6.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of GPT Healthcare is ₹361.0 ( Cr.) .

About GPT Healthcare Ltd

GPT Healthcare Limited was originally incorporated as ‘Jibansatya Printing House Private Limited’, a private limited company under the Companies Act, 1956 on August 17, 1989 at Kolkata, West Bengal. The name of the Company was subsequently changed to ‘GPT Healthcare Private Limited’ so that the name of the Company is in consonance with the main objects of the Memorandum of Association in relation to the proposed business activities to be carried out by the Company. A fresh certificate of incorporation was issued by the RoC on March 31, 2005. Thereafter, pursuant to a special resolution passed by its shareholders on September 3, 2021, the Company was converted to a public limited company and its name was changed to ‘GPT Healthcare Limited’. A fresh certificate of incorporation consequent to change of name was issued by the RoC on September 15, 2021.

GPT Healthcare is one of the key regional corporate healthcare companies in Eastern India in terms of number of beds and hospitals as of Fiscal Year 2023. The Principal activities of the company include operation of multidisciplinary private hospitals and pharmacies. The company operates a chain of mid-sized full service hospitals under the brand and provides integrated healthcare services, with a focus on secondary and tertiary care. As of September 30, 2023, the company operates four multispecialty hospitals in Dum Dum, Salt Lake and Howrah in West Bengal and Agartala in Tripura. It offers a comprehensive range of healthcare services across many specialties and super specialties, including internal medicine and diabetology, nephrology (including renal transplants), laparoscopic and general surgery, gynaecology and obstetrics, critical care, gastroenterology, orthopaedics and joint replacements, interventional cardiology, neurology, neurosurgery, paediatrics, and neonatology. Each of its hospitals also provides integrated diagnostic services and pharmacies that cater to its patients. 

The company strategically focuses on the relatively under-penetrated healthcare market in Eastern India where it has presence in three cities which has provided it an understanding of regional nuances, patient culture and the mindset of medical professionals and where there is under-penetration of quality and affordable healthcare services. 

Business area of the company

The company is engaged in the business of providing healthcare services. The company operates a chain of mid-sized full service hospitals under the brand and provides integrated healthcare services, with a focus on secondary and tertiary care.

Awards, accreditations or recognitions

  • 2016: Surgical Review Corporation accredited its hospital in Salt Lake, West Bengal as Centre for Excellence-Metabolic / Bariatric Surgery.
  • 2020: National Accreditation Board for Testing and Calibration Laboratories accredited its Dum Dum Hospital with ISO 15189:2012 for ‘Medical Laboratories - Requirements for Quality and Competence’.
  • 2020: ILS Hospitals and the Company were awarded the ‘Sanmarg Business Award 2020’ in the category of ‘Medium Scale Services & Trade’.
  • 2020: National Board of Exams provided provisional accreditation to the department of Minimal Access Surgery at its hospital in Salt Lake City, West Bengal to provide post graduate training facilities for FNB - Minimal Access Surgery Programme.
  • 2021: National Accreditation Board for Hospitals and Healthcare Providers provided a certificate of accreditation to its Dum Dum Hospital for complying with NABH Accreditation Standards for Hospitals.
  • 2021: National Accreditation Board for Hospitals and Healthcare Providers provided a certificate of accreditation to its Agartala Hospital for complying with NABH Accreditation Standards for Hospitals.
  • 2021: Its Agartala Hospital was awarded the ‘AHPI Award 2021’ in ‘Excellence for Community Engagement’ from the Association of Healthcare Providers (India).
  • 2021: ILS Hospitals was awarded the ‘Iconic Healthcare Summit & Awards 2021’ by Topgallant Media.
  • 2022: Its Salt Lake Hospital was awarded and received a certificate of honour for ‘Excellence in Customer Care & Support’ at the ‘ABP Ananda Swashthya Samman 2022’.
  • 2022: ILS Hospitals was awarded and received a certificate of honour for ‘Outstanding Hospital Chain at the ‘ABP Ananda Swasthya Samman 2022’.
  • 2023 National Accreditation Board for Testing and Calibration Laboratories accredited its Agartala Hospital with ISO 15189:2012 for ‘Medical Laboratories - Requirements for Quality and Competence’.

History and milestones

  • 1989: Incorporation of the Company.
  • 2000: Company started the hospital business in Salt Lake, West Bengal.
  • 2005: Tantia Medical Services Private Limited sold its nursing home business to the Company on a going concern basis.
  • 2008: Company signed lease agreement for its multi-specialty Agartala Hospital.
  • 2011: Commissioned its Agartala Hospital with a capacity of 205 beds with a Nursing School.
  • 2013: Commissioned its Dum Dum Hospital.
  • 2016: Its Dum Dum Hospital received permission to provide kidney transplantation service.
  • 2019: Commissioned its Howrah Hospital.
  • 2021: Initiated B.Sc Nursing Programme with an intake capacity of 45 students in its Agartala Hospital.
  • 2021: Signed a lease agreement for a new hospital in Ranchi on September 17, 2021.
  • 2023: Signed a memorandum of understanding for the construction and finishing of a hospital building at Raipur on January 16, 2023. 
  • 2023: Signed a cancer care department management agreement to set up and operate the cancer care department at its Agartala Hospital on September 1, 2023. 

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