Apollo Hospitals Enterprise Ltd

About [ edit ]

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. #

Key Points [ edit ]
  • Market Cap 42,859 Cr.
  • Current Price 2,981
  • High / Low 3,284 / 1,230
  • Stock P/E 587
  • Book Value 266
  • Dividend Yield 0.20 %
  • ROCE 13.3 %
  • ROE 9.11 %
  • Face Value 5.00

Pros

  • Company has been maintaining a healthy dividend payout of 25.06%
  • Company's median sales growth is 17.49% of last 10 years

Cons

  • Stock is trading at 11.20 times its book value
  • Company has low interest coverage ratio.
  • Company has a low return on equity of 7.93% for last 3 years.
  • Promoters have pledged 30.14% of their holding.
  • Promoter holding has decreased over last 3 years: -3.56%

Peer comparison

Sector: Healthcare Industry: Healthcare

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
1,863 1,910 2,090 2,169 2,167 2,229 2,464 2,530 2,572 1,962 2,414 2,367
1,649 1,684 1,832 1,901 1,901 1,903 2,099 2,153 2,224 1,920 2,166 2,045
Operating Profit 214 227 258 268 266 326 364 377 348 41 248 322
OPM % 11% 12% 12% 12% 12% 15% 15% 15% 14% 2% 10% 14%
Other Income 5 2 -0 8 2 5 4 3 164 2 4 1
Interest 62 62 66 69 71 100 108 111 107 103 97 76
Depreciation 73 72 74 77 77 110 120 123 129 126 116 92
Profit before tax 84 94 118 130 120 121 140 146 276 -186 38 155
Tax % 29% 36% 33% 33% 36% 34% 35% 35% 25% 20% 15% 32%
Net Profit 60 60 79 87 77 79 91 95 206 -149 33 106
EPS in Rs 4.29 4.32 5.68 6.25 5.51 5.70 6.51 6.81 14.78 -10.72 2.34 7.63

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
1,458 1,826 2,332 2,800 3,318 3,835 4,543 5,523 6,301 7,183 8,337 9,794 9,315
1,238 1,545 1,951 2,332 2,764 3,221 3,880 4,785 5,527 6,348 7,315 8,379 8,355
Operating Profit 220 281 381 468 554 614 663 738 774 835 1,022 1,415 960
OPM % 15% 15% 16% 17% 17% 16% 15% 13% 12% 12% 12% 14% 10%
Other Income 19 33 14 24 36 22 45 13 26 7 8 175 170
Interest 22 38 55 64 73 87 83 134 200 240 268 426 383
Depreciation 44 54 71 91 109 129 158 200 241 272 300 482 464
Profit before tax 172 222 269 338 408 420 467 417 359 330 462 682 283
Tax % 31% 32% 33% 32% 24% 21% 26% 20% 21% 29% 35% 31%
Net Profit 118 152 182 231 309 331 347 334 285 233 303 470 195
EPS in Rs 9.80 12.29 14.57 17.18 22.22 23.77 24.91 24.00 20.50 16.76 21.76 33.80 14.03
Dividend Payout % 33% 28% 26% 23% 25% 24% 23% 25% 29% 30% 28% 18%
Compounded Sales Growth
10 Years:18%
5 Years:17%
3 Years:16%
TTM:-1%
Compounded Profit Growth
10 Years:9%
5 Years:1%
3 Years:8%
TTM:-79%
Stock Price CAGR
10 Years:20%
5 Years:17%
3 Years:40%
1 Year:133%
Return on Equity
10 Years:10%
5 Years:8%
3 Years:8%
Last Year:9%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
60 62 62 67 70 70 70 70 70 70 70 70 70
Reserves 1,303 1,480 1,641 2,246 2,658 2,895 3,092 3,246 3,509 3,624 3,814 3,919 3,758
Borrowings 449 690 676 617 968 1,079 1,681 2,346 2,757 2,991 3,238 3,160 2,912
420 598 776 562 659 812 978 1,176 857 1,127 1,307 2,996 2,379
Total Liabilities 2,233 2,830 3,155 3,493 4,354 4,857 5,820 6,838 7,193 7,812 8,428 10,144 9,119
663 924 1,046 1,436 1,692 1,989 2,428 3,061 3,600 3,762 3,970 6,056 5,151
CWIP 237 273 352 201 373 481 512 536 328 698 819 227 200
Investments 629 490 624 764 896 690 713 877 1,064 900 1,085 1,076 1,085
704 1,143 1,133 1,092 1,394 1,697 2,167 2,364 2,202 2,452 2,554 2,786 2,682
Total Assets 2,233 2,830 3,155 3,493 4,354 4,857 5,820 6,838 7,193 7,812 8,428 10,144 9,119

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
63 169 195 306 333 303 389 626 632 539 907 1,096
-255 -188 -398 -446 -631 -310 -681 -910 -804 -378 -776 -264
152 240 59 185 367 -40 332 290 130 -106 -160 -771
Net Cash Flow -40 221 -144 46 69 -47 40 7 -42 54 -28 62

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 12% 13% 14% 15% 14% 13% 12% 11% 9% 9% 11% 13%
Debtor Days 40 41 42 46 47 45 44 36 38 38 40 36
Inventory Turnover 8.48 8.10 8.92 9.03 9.18 8.83 8.39 8.30 8.40 8.02 8.21 8.44

Shareholding Pattern

Numbers in percentages

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
34.39 34.40 34.40 34.40 34.40 34.40 30.80 30.80 30.81 30.82 30.82 30.82
48.54 48.47 45.84 47.14 44.27 44.02 47.73 48.84 46.92 46.58 47.81 51.70
8.05 8.35 11.37 10.94 12.90 13.06 13.87 13.35 14.78 15.11 14.71 10.85
0.23 0.23 0.23 0.23 0.23 0.23 0.23 0.23 0.23 0.23 0.23 0.23
8.78 8.55 8.16 7.30 8.20 8.30 7.37 6.77 7.25 7.26 6.43 6.40

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