Apollo Hospitals Enterprise Ltd
Apollo Hospitals was established in 1983 by Dr. Prathap C Reddy, renowned architect of modern healthcare in India. As the nation’s first corporate hospital, Apollo Hospitals is acclaimed for pioneering the private healthcare revolution in the country.
Apollo Hospitals has emerged as Asia’s foremost integrated healthcare services provider and has a robust presence across the healthcare ecosystem, including Hospitals, Pharmacies,
Primary Care & Diagnostic Clinics and several Retail Health models. [1]
- Market Cap ₹ 98,931 Cr.
- Current Price ₹ 6,880
- High / Low ₹ 7,545 / 5,691
- Stock P/E 76.3
- Book Value ₹ 607
- Dividend Yield 0.23 %
- ROCE 17.1 %
- ROE 15.8 %
- Face Value ₹ 5.00
Pros
- Company has delivered good profit growth of 29.3% CAGR over last 5 years
- Company has been maintaining a healthy dividend payout of 24.6%
Cons
- Stock is trading at 11.3 times its book value
- The company has delivered a poor sales growth of -3.49% over past five years.
* 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
Healthcare Healthcare Healthcare Services Hospital
Part of Nifty 50 BSE 500 BSE Healthcare BSE 100 BSE 200
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
3,835 | 4,543 | 5,523 | 6,301 | 7,183 | 8,337 | 9,794 | 4,654 | 6,098 | 6,525 | 7,274 | 8,202 | |
3,218 | 3,862 | 4,776 | 5,527 | 6,348 | 7,314 | 8,377 | 3,938 | 4,677 | 4,831 | 5,476 | 6,158 | |
Operating Profit | 617 | 681 | 748 | 774 | 835 | 1,022 | 1,418 | 715 | 1,421 | 1,694 | 1,798 | 2,044 |
OPM % | 16% | 15% | 14% | 12% | 12% | 12% | 14% | 15% | 23% | 26% | 25% | 25% |
20 | 28 | 4 | 26 | 7 | 8 | 173 | 137 | 131 | 139 | 180 | 348 | |
Interest | 87 | 83 | 134 | 200 | 240 | 268 | 426 | 340 | 244 | 239 | 250 | 254 |
Depreciation | 129 | 158 | 200 | 241 | 272 | 300 | 482 | 421 | 363 | 367 | 399 | 449 |
Profit before tax | 420 | 467 | 417 | 359 | 330 | 462 | 682 | 91 | 945 | 1,228 | 1,329 | 1,688 |
Tax % | 21% | 26% | 20% | 21% | 29% | 35% | 31% | -15% | 30% | 12% | 24% | 23% |
331 | 347 | 334 | 285 | 233 | 303 | 470 | 105 | 665 | 1,085 | 1,010 | 1,296 | |
EPS in Rs | 23.77 | 24.91 | 24.00 | 20.50 | 16.76 | 21.76 | 33.80 | 7.30 | 46.26 | 75.45 | 70.28 | 90.16 |
Dividend Payout % | 24% | 23% | 25% | 29% | 30% | 28% | 18% | 41% | 25% | 20% | 23% | 31% |
Compounded Sales Growth | |
---|---|
10 Years: | 6% |
5 Years: | -3% |
3 Years: | 10% |
TTM: | 13% |
Compounded Profit Growth | |
---|---|
10 Years: | 14% |
5 Years: | 29% |
3 Years: | 26% |
TTM: | 32% |
Stock Price CAGR | |
---|---|
10 Years: | 19% |
5 Years: | 38% |
3 Years: | 24% |
1 Year: | 18% |
Return on Equity | |
---|---|
10 Years: | 11% |
5 Years: | 13% |
3 Years: | 15% |
Last Year: | 16% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
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 | 70 | 70 | 70 | 70 | 70 | 70 | 70 | 72 | 72 | 72 | 72 | 72 |
Reserves | 2,895 | 3,092 | 3,246 | 3,509 | 3,624 | 3,814 | 3,919 | 5,130 | 6,039 | 6,853 | 7,639 | 8,662 |
1,079 | 1,681 | 2,346 | 2,757 | 2,991 | 3,238 | 3,160 | 3,050 | 2,752 | 2,520 | 3,222 | 3,090 | |
812 | 978 | 1,176 | 857 | 1,127 | 1,307 | 2,996 | 1,478 | 1,545 | 1,335 | 1,472 | 1,548 | |
Total Liabilities | 4,857 | 5,820 | 6,838 | 7,193 | 7,812 | 8,428 | 10,144 | 9,729 | 10,408 | 10,780 | 12,405 | 13,372 |
1,989 | 2,428 | 3,061 | 3,600 | 3,762 | 3,970 | 6,056 | 5,038 | 5,121 | 5,078 | 6,032 | 6,361 | |
CWIP | 481 | 512 | 536 | 328 | 698 | 819 | 227 | 219 | 24 | 96 | 200 | 294 |
Investments | 690 | 713 | 877 | 1,064 | 900 | 1,085 | 1,076 | 2,091 | 2,059 | 2,217 | 2,621 | 3,911 |
1,697 | 2,167 | 2,364 | 2,202 | 2,452 | 2,554 | 2,786 | 2,381 | 3,204 | 3,389 | 3,553 | 2,807 | |
Total Assets | 4,857 | 5,820 | 6,838 | 7,193 | 7,812 | 8,428 | 10,144 | 9,729 | 10,408 | 10,780 | 12,405 | 13,372 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
303 | 389 | 626 | 632 | 539 | 907 | 1,096 | 916 | 1,201 | 1,224 | 1,191 | ||
-310 | -681 | -910 | -804 | -378 | -776 | -264 | -781 | -504 | -588 | -835 | ||
-40 | 332 | 290 | 130 | -106 | -160 | -771 | -176 | -577 | -779 | -297 | ||
Net Cash Flow | -47 | 40 | 7 | -42 | 54 | -28 | 62 | -41 | 120 | -143 | 59 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
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 | 45 | 44 | 36 | 38 | 38 | 40 | 36 | 94 | 49 | 46 | 41 | 36 |
Inventory Days | 48 | 50 | 49 | 48 | 52 | 47 | 50 | 63 | 28 | 19 | 22 | 21 |
Days Payable | 45 | 48 | 51 | 43 | 45 | 45 | 51 | 254 | 124 | 124 | 138 | 134 |
Cash Conversion Cycle | 48 | 46 | 34 | 44 | 44 | 42 | 35 | -96 | -46 | -59 | -76 | -77 |
Working Capital Days | 44 | 48 | 35 | 40 | 36 | 23 | 17 | 39 | 83 | 89 | 78 | 78 |
ROCE % | 13% | 12% | 11% | 9% | 9% | 11% | 13% | 6% | 13% | 16% | 15% | 17% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
10h - Audio recording of Q4 and FY25 financial results analyst call available on company website.
- Announcement under Regulation 30 (LODR)-Investor Presentation 10h
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Announcement under Regulation 30 (LODR)-Updates on Acquisition
11h - Apollo Hospitals plans Rs 7,600 Cr expansion adding 4,300 beds across India over 3-4 years.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
1d - FY25 audited results; Rs 285 Cr hospital acquisition; 380% dividend; key director re-appointments; AGM on Aug 29, 2025.
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Outcome Of Board Meeting - Appointment Of Secretarial Auditors
1d - Apollo Hospitals reports FY25 audited results, declares Rs19/share dividend, reappoints executives, and approves Rs285cr hospital acquisition.
Annual reports
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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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Financial Year 2011
from nse
Concalls
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May 2025TranscriptNotesPPT
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May 2025TranscriptNotesPPT
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Feb 2025Transcript PPT REC
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Nov 2024Transcript PPT REC
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Aug 2024Transcript PPT
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May 2024Transcript PPT REC
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Apr 2024TranscriptNotesPPT
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Feb 2024Transcript PPT REC
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Nov 2023Transcript PPT REC
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Nov 2022Transcript PPT
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May 2022TranscriptNotesPPT
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Nov 2021TranscriptNotesPPT
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Aug 2021Transcript PPT
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Jun 2021TranscriptNotesPPT
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Jun 2021TranscriptNotesPPT
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Jun 2021TranscriptNotesPPT
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Nov 2020TranscriptPPT
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Sep 2020TranscriptPPT
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Jun 2020TranscriptPPT
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Nov 2019TranscriptPPT
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Aug 2019TranscriptPPT
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May 2019Transcript PPT
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Feb 2019TranscriptPPT
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Nov 2018TranscriptPPT
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Aug 2018TranscriptPPT
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May 2018TranscriptPPT
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Feb 2018TranscriptPPT
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Nov 2017TranscriptPPT
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Aug 2017TranscriptPPT
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Apr 2017Transcript PPT
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Nov 2016TranscriptPPT
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Feb 2016TranscriptPPT
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Nov 2015TranscriptNotesPPT
Business Segments
1) Healthcare Services (52% in H1 FY25 vs 55% in FY22): [1] [2] The company has a capacity of 10,134 beds in 73 hospitals located in India and overseas, out of which 8,709 beds are located in 45 owned hospitals, 639 beds in Day Surgery & Cradles and 790 beds are in 6 hospitals under management through operations and management contracts. [3]