Artemis Medicare Services Ltd

₹ 327 -2.68%

12 Dec 3:04 p.m.

artemishospitals.com BSE: 542919 NSE: ARTEMISMED

About

Artemis Medicare Services Ltd (AMSL) was incorporated on 2004, by the promoters of the Apollo Tyres Group, is engaged in healthcare business. AMSL operates a 541-bedded multi-specialty tertiary care hospital in Gurgaon. The specialty areas for AMSL include Orthopaedics, Oncology, Cardiovascular, Neurosciences and Bariatric & Minimally Invasive Surgery. ASML has been awarded with the NABH and JCI accreditation. AMSL has also diversified its presence through Artemis Daffodil , Artemis Lite, Artemis Cardiac Care and Artemis Solace models. ^[1]^[2]

Key Points

Geographical Revenue Break-up 9MFY24:^[1]
Domestic : ~76%
Outside India : ~24%

Website BSE NSE

Market Cap ₹ 4,505 Cr.
Current Price ₹ 327
High / Low ₹ 348 / 141
Stock P/E 69.4
Book Value ₹ 57.9
Dividend Yield 0.13 %
ROCE 13.6 %
ROE 11.4 %
Face Value ₹ 1.00

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Pros

Cons

Stock is trading at 5.68 times its book value
Company has a low return on equity of 10.4% over last 3 years.
Promoters have pledged 44.5% of their holding.

* 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

Part of BSE SmallCap BSE Healthcare BSE Allcap

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
	136	142	146	163	182	181	187	201	217	210	217	217	235
	117	124	129	144	158	156	163	174	184	179	181	181	193
Operating Profit	20	18	17	19	24	26	25	27	33	32	36	36	42
OPM %	14%	13%	12%	12%	13%	14%	13%	14%	15%	15%	17%	16%	18%
	1	1	1	2	1	1	2	1	2	2	2	4	8
Interest	2	3	4	4	5	5	5	6	7	8	8	8	8
Depreciation	5	5	6	6	7	8	8	9	9	10	10	10	11
Profit before tax	13	10	8	11	14	14	14	13	19	16	19	22	31
Tax %	36%	36%	-57%	22%	31%	23%	23%	26%	27%	29%	28%	24%	27%
	8	7	13	9	10	11	10	10	14	12	14	17	23
EPS in Rs	0.63	0.51	1.01	0.65	0.73	0.80	0.78	0.73	1.01	0.85	1.02	1.24	1.64
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
	217	261	368	402	459	503	547	563	402	545	714	845	879
	194	234	325	359	406	442	480	501	367	477	620	717	733
Operating Profit	23	27	43	43	53	60	66	62	35	68	94	128	145
OPM %	10%	11%	12%	11%	11%	12%	12%	11%	9%	12%	13%	15%	17%
	2	1	3	5	4	3	2	4	7	3	7	7	15
Interest	15	13	12	9	9	9	11	13	12	11	19	30	31
Depreciation	9	9	12	12	15	18	20	22	21	21	29	38	41
Profit before tax	0	7	21	27	32	35	37	32	9	39	53	68	89
Tax %	0%	0%	12%	21%	16%	24%	44%	36%	20%	16%	25%	28%
	0	7	19	22	27	27	21	20	7	33	40	49	65
EPS in Rs	0.02	0.32	0.88	1.03	1.29	1.27	0.98	1.54	0.54	2.46	2.96	3.62	4.75
Dividend Payout %	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	15%	12%

Compounded Sales Growth
10 Years:	12%
5 Years:	9%
3 Years:	28%
TTM:	12%

Compounded Profit Growth
10 Years:	22%
5 Years:	18%
3 Years:	98%
TTM:	45%

Stock Price CAGR
10 Years:	%
5 Years:	%
3 Years:	97%
1 Year:	105%

Return on Equity
10 Years:	10%
5 Years:	8%
3 Years:	10%
Last Year:	11%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	21	21	21	21	21	21	0.00	13	13	13	13	14	14
Reserves	109	116	135	163	183	210	280	301	308	348	393	438	783
	118	110	85	68	94	91	114	108	137	190	268	305	307
	39	66	90	93	124	130	160	159	130	145	207	191	215
Total Liabilities	287	313	331	345	422	452	555	581	589	697	882	948	1,318
	237	236	239	249	283	309	381	387	372	476	584	699	718
CWIP	0	0	0	1	27	43	49	56	81	64	95	33	44
Investments	0	0	0	0	0	0	0	2	4	6	12	15	15
	50	77	91	94	112	100	124	137	132	152	192	200	541
Total Assets	287	313	331	345	422	452	555	581	589	697	882	948	1,318

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	22	45	53	20	58	72	41	56	27	61	129	108
	-5	-12	-10	-14	-74	-67	-50	-22	-34	-106	-153	-89
	-18	-21	-35	-24	19	-10	14	-33	13	44	30	-27
Net Cash Flow	-1	11	7	-18	3	-4	5	2	6	-2	7	-8

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	40	41	39	49	48	40	52	50	48	47	43	36
Inventory Days	26	26	26	21	19
Days Payable	144	237	195	189	187
Cash Conversion Cycle	-78	-171	-129	-120	-120	40	52	50	48	47	43	36
Working Capital Days	-9	-70	-59	-31	-44	-53	-26	-28	-15	-10	-29	-17
ROCE %	6%	8%	14%	15%	16%	15%	14%	11%	4%	10%	11%	14%

Shareholding Pattern

Numbers in percentages

	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
	69.82%	69.82%	69.59%	69.27%	68.91%	68.91%	68.03%	68.03%	68.03%	68.03%	67.51%	67.17%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.07%	0.09%	0.11%	0.10%	0.16%	0.21%
	1.22%	1.10%	0.91%	0.90%	1.15%	1.37%	1.41%	1.51%	1.96%	2.61%	3.45%	3.60%
	7.37%	7.37%	7.34%	7.31%	7.27%	7.27%	7.18%	7.18%	7.18%	7.18%	7.12%	7.09%
	21.59%	21.71%	22.17%	22.53%	22.65%	22.43%	23.30%	23.18%	22.72%	22.08%	21.76%	21.93%
No. of Shareholders	12,827	12,098	15,177	14,637	17,995	18,100	19,082	20,529	22,375	19,993	19,795	26,054

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
	69.82%	69.82%	69.82%	68.91%	68.03%	67.17%
	0.00%	0.00%	0.00%	0.00%	0.10%	0.21%
	1.22%	1.22%	1.10%	1.37%	2.61%	3.60%
	7.37%	7.37%	7.37%	7.27%	7.18%	7.09%
	21.59%	21.59%	21.71%	22.43%	22.08%	21.93%
No. of Shareholders	5,590	5,273	12,098	18,100	19,993	26,054

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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