Fortis Malar Hospitals Ltd
Incorporated in 1992, Fortis Malar Hospital Ltd is in the business of setting up, managing, and operating a multi-speciality hospital.[1]
- Market Cap ₹ 127 Cr.
- Current Price ₹ 67.8
- High / Low ₹ 98.7 / 51.0
- Stock P/E 27.6
- Book Value ₹ 16.1
- Dividend Yield 0.00 %
- ROCE 0.83 %
- ROE 0.56 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
Cons
- Stock is trading at 4.24 times its book value
- Company has a low return on equity of -10.1% over last 3 years.
- Earnings include an other income of Rs.6.50 Cr.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
108.38 | 117.93 | 129.61 | 140.56 | 149.19 | 144.59 | 111.87 | 69.24 | 86.18 | 85.95 | 59.01 | 0.00 | 0.02 | |
99.39 | 110.37 | 123.31 | 139.64 | 147.44 | 146.94 | 114.57 | 75.58 | 82.74 | 81.38 | 60.22 | 2.14 | 1.60 | |
Operating Profit | 8.99 | 7.56 | 6.30 | 0.92 | 1.75 | -2.35 | -2.70 | -6.34 | 3.44 | 4.57 | -1.21 | -2.14 | -1.58 |
OPM % | 8.29% | 6.41% | 4.86% | 0.65% | 1.17% | -1.63% | -2.41% | -9.16% | 3.99% | 5.32% | -2.05% | -7,900.00% | |
6.85 | 7.63 | 7.21 | 7.95 | 8.44 | 10.03 | 11.11 | 15.10 | 7.39 | 6.64 | 64.88 | 2.72 | 6.50 | |
Interest | 0.46 | 0.51 | 0.40 | 0.46 | 0.38 | 0.51 | 7.81 | 7.20 | 6.56 | 6.07 | 4.30 | 0.01 | 0.00 |
Depreciation | 1.99 | 2.71 | 3.16 | 3.94 | 4.21 | 4.38 | 12.53 | 12.88 | 12.53 | 12.15 | 9.36 | 0.00 | 0.00 |
Profit before tax | 13.39 | 11.97 | 9.95 | 4.47 | 5.60 | 2.79 | -11.93 | -11.32 | -8.26 | -7.01 | 50.01 | 0.57 | 4.92 |
Tax % | 34.43% | 34.25% | 35.58% | 30.20% | 40.54% | 26.16% | -25.48% | -30.48% | 0.12% | 120.97% | 9.36% | 31.58% | |
8.78 | 7.86 | 6.42 | 3.11 | 3.32 | 2.06 | -8.89 | -7.87 | -8.27 | -15.48 | 45.32 | 0.39 | 4.61 | |
EPS in Rs | 4.72 | 4.23 | 3.45 | 1.67 | 1.78 | 1.10 | -4.74 | -4.20 | -4.41 | -8.26 | 24.18 | 0.21 | 2.46 |
Dividend Payout % | 10.60% | 11.84% | 14.50% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 175.93% | 0.00% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
TTM: | -100% |
Compounded Profit Growth | |
---|---|
10 Years: | -26% |
5 Years: | 15% |
3 Years: | 27% |
TTM: | 190% |
Stock Price CAGR | |
---|---|
10 Years: | 4% |
5 Years: | 7% |
3 Years: | 8% |
1 Year: | 27% |
Return on Equity | |
---|---|
10 Years: | -4% |
5 Years: | -11% |
3 Years: | -10% |
Last Year: | 1% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 18.61 | 18.61 | 18.62 | 18.68 | 18.70 | 18.76 | 18.76 | 18.76 | 18.76 | 18.76 | 18.76 | 18.76 |
Reserves | 66.20 | 72.63 | 79.02 | 80.87 | 84.35 | 86.62 | 77.65 | 69.99 | 61.37 | 45.42 | 90.71 | 11.45 |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 64.34 | 57.17 | 53.41 | 46.40 | 0.00 | 0.00 | |
16.67 | 19.68 | 32.55 | 31.14 | 46.03 | 45.46 | 32.80 | 23.18 | 27.37 | 27.42 | 6.41 | 6.62 | |
Total Liabilities | 101.48 | 110.92 | 130.19 | 130.69 | 149.08 | 150.84 | 193.55 | 169.10 | 160.91 | 138.00 | 115.88 | 36.83 |
17.63 | 17.71 | 24.50 | 24.59 | 23.79 | 21.85 | 81.08 | 68.52 | 57.62 | 47.41 | 0.00 | 0.00 | |
CWIP | 0.64 | 0.64 | 0.36 | 0.61 | 0.72 | 0.73 | 0.09 | 0.36 | 0.06 | 0.00 | 0.00 | 0.00 |
Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
83.21 | 92.57 | 105.33 | 105.49 | 124.57 | 128.26 | 112.38 | 100.22 | 103.23 | 90.59 | 115.88 | 36.83 | |
Total Assets | 101.48 | 110.92 | 130.19 | 130.69 | 149.08 | 150.84 | 193.55 | 169.10 | 160.91 | 138.00 | 115.88 | 36.83 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
4.81 | 4.39 | 10.47 | -8.58 | 8.79 | -15.97 | -0.30 | -0.86 | 6.84 | 5.61 | -7.30 | 1.54 | |
-0.55 | 5.34 | -21.88 | 13.47 | -1.56 | 6.34 | 49.88 | -27.51 | 8.23 | 0.50 | 119.70 | -29.10 | |
-1.10 | 0.00 | -1.09 | -0.97 | 0.05 | 0.15 | -11.57 | -7.25 | -10.10 | -12.65 | -10.85 | -79.65 | |
Net Cash Flow | 3.16 | 9.73 | -12.51 | 3.92 | 7.28 | -9.48 | 38.01 | -35.62 | 4.98 | -6.54 | 101.55 | -107.21 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 13.13 | 13.03 | 16.93 | 14.49 | 14.68 | 24.39 | 12.17 | 11.02 | 9.32 | 13.50 | 0.00 | |
Inventory Days | 4.02 | 13.24 | 35.39 | 28.37 | 22.30 | 18.04 | 22.44 | 42.32 | 39.89 | 31.71 | 0.00 | |
Days Payable | 153.41 | 169.39 | 286.36 | 173.78 | 277.45 | 257.22 | 323.72 | 373.05 | 428.91 | 584.69 | ||
Cash Conversion Cycle | -136.26 | -143.11 | -234.05 | -130.92 | -240.47 | -214.79 | -289.11 | -319.72 | -379.70 | -539.47 | 0.00 | |
Working Capital Days | 187.38 | 163.79 | 126.13 | 152.64 | 131.84 | 155.53 | -55.01 | 114.55 | 21.60 | 183.80 | -8.35 | |
ROCE % | 17.17% | 14.19% | 11.83% | 5.02% | 5.90% | 3.24% | -3.04% | -7.15% | -1.25% | -0.77% | -3.29% | 0.83% |
Documents
Announcements
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Updates on Open Offer
17 Oct - Open offer for 4,894,308 shares (26.11%) at INR 17.6; pre-offer published Oct 17, 2025.
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Announcement Made By IHH Healthcare Berhad ('IHH') Dated October 16, 2025 On The Malaysian Stock Exchange (I.E. Bursa Malaysia) Regarding The Open Offer.
16 Oct - IHH's subscription plus Fortis open offer 197,025,660 shares (26.10%) and Malar open offer 4,894,308 shares; tendering 20 Oct–4 Nov 2025.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
16 Oct - Newspaper Publication of Recommendation of Committee of Independent Directors on open offer to the shareholder of the Company.
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Status Of Re-Lodgement Of Transfer Requests Of Physical Shares For The Month Of September 30, 2025.
15 Oct - SEBI circular report (Oct 15, 2025): zero re-lodgement requests for physical shares in September.
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Announcement Made By IHH Healthcare Berhad ('IHH') Dated October 09, 2025 On The Malaysian Stock Exchange (I.E. Bursa Malaysia) Informing That Following Receipt Of Approval From The SEBI (The 'SEBI'), The Letters Of Offer For The Fortis Open Offer ('Fortis Lof') And The Malar Open Offer ( 'Malar Lof') Have Been Updated To Reflect Material Information As On The Date Of Issuance, Unless Otherwise Specified In The Fortis Lof And Malar Lof. The Dispatch Of The Fortis Lof And Malar Lof Have Commenced On October 09, 2025
9 Oct - IHH subscription 235,294,117 Fortis shares; Fortis open offer INR170; Malar offer INR17.6; dispatch Oct 9, 2025.
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Business Overview:[1]
FMHL is a subsidiary of Fortis Hospitals Limited. The company used to run a multi-speciality hospital facility in Chennai. The hospital building
was owned by a fellow subsidiary, Fortis Health Management Limited. The Parent Company has 1 wholly owned subsidiary company, Malar Stars Medicare Limited