Aashka Hospitals Ltd - Stock Valuation and Financial Performance

BSE: 543346 | NSE: | Hospital & Healthcare Services | Small Cap

Aashka Hospitals Share Price

77.50 0.94 1.23%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Aashka Hospitals

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity Bole Toh

1. Quality

2. Valuation

Somewhat overvalued

3. Price Trend

Aashka Hospitals stock performance -

mw4me loader
P/E Ratio (SA):
0.00
Market Cap:
179.2 Cr.
52-wk low:
41.4
52-wk high:
89.7

Is Aashka Hospitals Ltd an attractive stock to invest in?

1. Is Aashka Hospitals Ltd a good quality company?

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

2. Is Aashka Hospitals Ltd undervalued or overvalued?

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

3. Is Aashka Hospitals Ltd a good buy now?

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

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.
Aashka Hospitals 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'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 11%9%11.4%4.9%-0.3%-
Value Creation
Index
-0.2-0.4-0.2-0.7-1.0-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 27.727.240.739.718.919
Sales YoY Gr.--1.6%49.4%-2.4%-52.3%-
Adj EPS 0.80.82.31-1.1-1.1
YoY Gr.--2.5%197.4%-56.3%-210%-
BVPS (₹) 913.516.341.340.240.2
Adj Net
Profit
1.41.44.12.3-2.6-3
Cash Flow from Ops. 10.1-114.5-62.64.1-
Debt/CF from Ops. 3.3-32.21.9-0.57.1-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NANA-11.4%-52.3%
Adj EPS NANA-212.6%-210%
BVPSNANA43.8%-2.7%
Share Price - - - 71.9%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
8.9715.43.7-2.7-2.7
Op. Profit
Mgn %
34.431.624.521.61.8NAN
Net Profit
Mgn %
4.95.110.15.9-13.6-13.6
Debt to
Equity
2.21.310.30.3-
Working Cap
Days
01191094241,5320
Cash Conv.
Cycle
02829371040

Recent Performance Summary

Debt to equity has declined versus last 3 years average to 0.31

Return on Equity is Poor

Sales growth has been subdued in last 3 years -11.40%

Sales growth is not so good in last 4 quarters at 0.00%

Latest Financials - Aashka Hospitals Ltd.

Standalone Consolidated
TTM EPS (₹) -1.1 -
TTM Sales (₹ Cr.) 18.9 -
BVPS (₹.) 40.2 -
Reserves (₹ Cr.) 71 -
P/BV 1.91 -
PE 0.00 -
From the Market
52 Week Low / High (₹) 41.35 / 89.65
All Time Low / High (₹) 36.30 / 121.10
Market Cap (₹ Cr.) 179
Equity (₹ Cr.) 23.4
Face Value (₹) 10
Industry PE 82.6

Management X-Ray of Aashka Hospitals:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Aashka Hospitals

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23
Sales2827414019
Operating Expenses 1819313119
Manufacturing Costs9917147
Material Costs34763
Employee Cost 44553
Other Costs 22375
Operating Profit 1091090
Operating Profit Margin (%) 34.4%31.6%24.5%21.6%1.8%
Other Income 00003
Interest 65333
Depreciation 33333
Exceptional Items 00000
Profit Before Tax 1143-3
Tax 00000
Profit After Tax 1142-3
PAT Margin (%) 4.9%5.1%10.1%6.0%-13.6%
Adjusted EPS (₹)0.80.82.31.0-1.1
Dividend Payout Ratio (%)0%0%0%0%0%

Balance Sheet

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

Equity and Liabilities

Shareholders Fund 1524299794
Share Capital 1718182323
Reserves -26117371
Minority Interest00000
Debt2627222322
Long Term Debt2525201716
Short Term Debt12266
Trade Payables32423
Others Liabilities 11610810
Total Liabilities 546065129128

Fixed Assets

Gross Block5656646666
Accumulated Depreciation912141720
Net Fixed Assets4644494845
CWIP 00000
Investments 00000
Inventories01110
Trade Receivables37787
Cash Equivalents 14313
Others Assets2457172
Total Assets 546065129128

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 10-115-634
PBT 1143-3
Adjustment 87666
Changes in Working Capital 0-104-711
Tax Paid 00000
Cash Flow From Investing Activity 00-8-20
Capex 00-8-20
Net Investments 00000
Others 00000
Cash Flow From Financing Activity -94-863-2
Net Proceeds from Shares 371650
Net Proceeds from Borrowing -71-5-3-1
Interest Paid -6-5-3-3-3
Dividend Paid 00000
Others 01042
Net Cash Flow 13-1-22
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)8.876.9715.43.76-2.7
ROCE (%)14.5411.7213.126.380.42
Asset Turnover Ratio0.510.480.650.410.15
PAT to CFO Conversion(x)10-13.75-31.5N/A
Working Capital Days
Receivable Days46686370141
Inventory Days67559
Payable Days297262187187295

Aashka Hospitals Ltd Stock News

Aashka Hospitals Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Aashka Hospitals on 28-Mar-2024 16:01 is ₹77.50.
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 Aashka Hospitals stood at ₹179.2.
The latest P/E ratio of Aashka Hospitals as of 28-Mar-2024 16:01 is 0.00.
The latest P/B ratio of Aashka Hospitals as of 28-Mar-2024 16:01 is 1.91.
The 52-week high of Aashka Hospitals is ₹89.65 and the 52-week low is ₹41.35.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Aashka Hospitals is ₹18.94 ( Cr.) .

About Aashka Hospitals Ltd

The company is certified by National Accreditation Board for Hospitals and Healthcare Providers (NABH Accredited) for tertiary and apical care level hospital in Gujarat. It is an integrated healthcare service provider, committed to deliver quality healthcare services to its patients in modern facilities that includes prevention, best treatment and proper rehabilitation. The company decided to step-up its support in the fight against COVID-19 and was a designated COVID-19 treatment hospital. With the support of its doctors and staffs, it has treated more than 2000 COVID-19 patients. The company is a growing organization that aims at strengthening and establishing itself as the foremost healthcare services provider. It strives to serve with its ultra-modern medicinal practices and state of the art infrastructure for medical as well as surgical care solutions.

The company has a team of medical practitioners who ensures that patients get the quality healthcare services. Its dedicated team is trained to take care of the patients and handle all kinds of emergencies. Its healthcare staff members comprise of Medical Director, Quality Manager, Clinical pharmacist, Microbiologist, Medical Officers, Clinical Assistants, Infection Control Nurse, Nursing staff, Attendants, Technicians, Dietician/Nutritionist, Medical Transcriber, Biomedical Engineers. It is associated with Companies, Organization, University and Institute for providing regular healthcare check-up facilities to their employees and their Post-Graduation Students at affordable rates. It has entered into Memorandum of Understanding with Blood Banks like Shraddhadeep Blood Bank and Sanjivani Blood Bank (Vol.) and Apheresis Centre from whom it procure blood and blood components to the meet the needs of patients admitted at its hospital. Also, it has associations and affiliations with major Insurance Companies that processes insurance claims admissible under the Mediclaim policy for its patients.

Business area of the company

Aashka Hospital is an integrated healthcare service provider that offers the best quality of healthcare facilities including prevention, best treatment, and rehabilitation.

Awards, Accreditations or Recognition

  • 2019: The company has issued a certificate of accreditation by NABH for being compliant with NABH pre-accreditation entry level hospital requirements.
  • 2021: Received certificate of appreciation for hardwork and appreciation from Dr. Justice Ashokkumar Joshi (Judge High Court of Gujarat Sola, Ahmedabad).

Major Events

  • 2012: Incorporation of Company as a private company in the name of ‘Aashka Hospitals Private Limited’.
  • 2018: Conversion of Private Company to Public Company in the name and style of ‘Aashka Hospitals Limited’.
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