Aatmaj Healthcare Ltd
Aatmaj Healthcare is to enhance the quality of life of patients by providing comprehensive, high-quality hospital services on a cost effective basis and providing. The principal activities of the Company include operation of multidisciplinary private hospitals and clinics.
- Market Cap ₹ 89.5 Cr.
- Current Price ₹ 39.6
- High / Low ₹ 60.0 / 31.1
- Stock P/E 15.1
- Book Value ₹ 22.6
- Dividend Yield 0.00 %
- ROCE 46.6 %
- ROE 52.6 %
- Face Value ₹ 5.00
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 83.4%
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has high debtors of 274 days.
- Working capital days have increased from 87.4 days to 232 days
* 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
Sector: Healthcare Industry: Healthcare
Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|
| 4.13 | 15.49 | 20.26 | 23.74 | |
| 3.46 | 10.20 | 12.75 | 13.91 | |
| Operating Profit | 0.67 | 5.29 | 7.51 | 9.83 |
| OPM % | 16.22% | 34.15% | 37.07% | 41.41% |
| 0.01 | 0.00 | 0.00 | 0.03 | |
| Interest | 0.50 | 0.44 | 0.24 | 0.90 |
| Depreciation | 0.36 | 0.39 | 0.43 | 0.69 |
| Profit before tax | -0.18 | 4.46 | 6.84 | 8.27 |
| Tax % | -50.00% | 7.40% | 26.02% | 28.66% |
| -0.27 | 4.12 | 5.05 | 5.91 | |
| EPS in Rs | -2.00 | 30.52 | 37.41 | 3.65 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 79% |
| TTM: | 17% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 188% |
| TTM: | 17% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 83% |
| Last Year: | 53% |
Balance Sheet
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
|---|---|---|---|---|---|
| Equity Capital | 1.35 | 1.35 | 1.35 | 8.10 | 11.30 |
| Reserves | -2.28 | 1.84 | 6.92 | 6.08 | 39.68 |
| 8.76 | 4.33 | 5.18 | 11.69 | 10.60 | |
| 1.50 | 2.28 | 4.03 | 5.14 | 1.86 | |
| Total Liabilities | 9.33 | 9.80 | 17.48 | 31.01 | 63.44 |
| 8.02 | 8.21 | 10.87 | 11.17 | 11.72 | |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 1.31 | 1.59 | 6.61 | 19.84 | 51.72 | |
| Total Assets | 9.33 | 9.80 | 17.48 | 31.01 | 63.44 |
Cash Flows
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|
| -0.54 | 6.11 | 9.55 | 5.33 | |
| -0.18 | -0.71 | -3.37 | -1.42 | |
| 0.67 | -4.87 | -6.55 | -3.78 | |
| Net Cash Flow | -0.05 | 0.53 | -0.37 | 0.14 |
Ratios
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|
| Debtor Days | 86.61 | 13.43 | 91.88 | 274.13 |
| Inventory Days | 64.68 | 18.38 | ||
| Days Payable | 494.37 | 148.80 | ||
| Cash Conversion Cycle | -343.07 | -116.99 | 91.88 | 274.13 |
| Working Capital Days | 14.14 | -21.44 | 52.07 | 231.55 |
| ROCE % | 63.84% | 67.53% | 46.64% |
Business Profile
As of H1FY24, Company has 6 hospitals with 330 beds extendable to 430 beds. The company has 30 Consultant Doctors in various departments and 25+ Infrastructure And Equipment.[1]