Artemis Medicare Services Ltd
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 318-bedded multi-specialty tertiary care hospital in Gurgaon. It has specialization in various segments like Orthopedics & Joint Replacement, Oncology, Cardiovascular, Neurosciences and Bariatric & Minimally Invasive Surgery. AMSL has been awarded with the NABH accreditation.
Upcoming Capex:
Company has planned a brownfield expansion wherein, it will construct a new block of 144 beds at its existing location in Gurgaon.
Estimated cost of the project is 168 Cr, to be funded by a mix of debt-equity.
Project construction is underway and is expected to complete by Q1FY22.
This project was envisaged in 2017 and was expected to be operational by 2019. But, was suspended by the order of HSPCB and it got delayed by a few years. #
- Market Cap ₹ 306 Cr.
- Current Price ₹ 231
- High / Low ₹ 272 / 107
- Stock P/E
- Book Value ₹ 229
- Dividend Yield 0.00 %
- ROCE 10.7 %
- ROE 6.74 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 1.01 times its book value
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 8.91% over past five years.
- Company has a low return on equity of 8.89% for last 3 years.
Peer comparison
Sector: Healthcare Industry: Healthcare
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Dec 2020 | |
---|---|---|---|---|---|---|---|---|---|
139.04 | 140.16 | 135.71 | 147.25 | 142.77 | 137.36 | 61.68 | 90.88 | 122.27 | |
121.92 | 121.95 | 120.75 | 129.86 | 125.93 | 124.31 | 70.60 | 82.97 | 106.21 | |
Operating Profit | 17.12 | 18.21 | 14.96 | 17.39 | 16.84 | 13.05 | -8.92 | 7.91 | 16.06 |
OPM % | 12.31% | 12.99% | 11.02% | 11.81% | 11.80% | 9.50% | -14.46% | 8.70% | 13.13% |
Other Income | 0.63 | 1.31 | 0.58 | 1.23 | 0.71 | 2.05 | 0.58 | 0.88 | 0.69 |
Interest | 3.10 | 2.88 | 3.28 | 3.45 | 2.95 | 2.84 | 3.43 | 3.55 | 2.91 |
Depreciation | 5.02 | 5.20 | 5.45 | 5.63 | 5.66 | 5.59 | 5.55 | 5.15 | 5.10 |
Profit before tax | 9.63 | 11.44 | 6.81 | 9.54 | 8.94 | 6.67 | -17.32 | 0.09 | 8.74 |
Tax % | 49.01% | 49.56% | 35.10% | 38.78% | 36.47% | 32.83% | 33.31% | -288.89% | 37.07% |
Net Profit | 4.91 | 5.77 | 4.41 | 5.85 | 5.68 | 4.48 | -11.55 | 0.35 | 5.49 |
EPS in Rs | 2.34 | 2.75 | 2.10 | 2.79 | 4.29 | 3.38 | -8.73 | 0.26 | 4.15 |
Notes | Notes | Notes | Notes | Notes | Notes | Notes | Notes | Notes |
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
125 | 154 | 189 | 217 | 261 | 368 | 402 | 459 | 503 | 547 | 563 | 412 | |
113 | 136 | 166 | 194 | 234 | 325 | 359 | 406 | 442 | 480 | 501 | 384 | |
Operating Profit | 12 | 18 | 23 | 23 | 27 | 43 | 43 | 53 | 60 | 66 | 62 | 28 |
OPM % | 9% | 12% | 12% | 10% | 11% | 12% | 11% | 11% | 12% | 12% | 11% | 7% |
Other Income | 1 | 3 | 2 | 2 | 1 | 3 | 5 | 4 | 3 | 2 | 4 | 4 |
Interest | 15 | 16 | 16 | 15 | 13 | 12 | 9 | 9 | 9 | 11 | 13 | 13 |
Depreciation | 8 | 9 | 9 | 9 | 9 | 12 | 12 | 15 | 18 | 20 | 22 | 21 |
Profit before tax | -10 | -4 | 0 | 0 | 7 | 21 | 27 | 32 | 35 | 37 | 32 | -2 |
Tax % | -0% | 0% | 17% | 0% | 0% | 12% | 21% | 16% | 24% | 44% | 36% | |
Net Profit | -10 | -4 | 0 | 0 | 7 | 19 | 22 | 27 | 27 | 21 | 20 | -1 |
EPS in Rs | -5.72 | -2.01 | 0.09 | 0.18 | 3.20 | 8.85 | 10.30 | 12.89 | 12.75 | 9.85 | 15.43 | -0.94 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | 16% |
5 Years: | 9% |
3 Years: | 7% |
TTM: | -27% |
Compounded Profit Growth | |
---|---|
10 Years: | 15% |
5 Years: | 2% |
3 Years: | -9% |
TTM: | -106% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
1 Year: | 17% |
Return on Equity | |
---|---|
10 Years: | 8% |
5 Years: | 10% |
3 Years: | 9% |
Last Year: | 7% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Sep 2020 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
18 | 18 | 21 | 21 | 21 | 21 | 21 | 21 | 21 | 13 | 13 | 13 | |
Reserves | 1 | 69 | 109 | 109 | 116 | 135 | 163 | 183 | 210 | 280 | 301 | 290 |
Borrowings | 155 | 166 | 121 | 118 | 110 | 85 | 68 | 94 | 91 | 114 | 108 | 119 |
37 | 31 | 33 | 39 | 66 | 90 | 93 | 124 | 130 | 160 | 159 | 171 | |
Total Liabilities | 210 | 284 | 284 | 287 | 313 | 331 | 345 | 422 | 452 | 555 | 581 | 593 |
178 | 243 | 239 | 237 | 236 | 239 | 249 | 283 | 309 | 381 | 387 | 380 | |
CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 27 | 43 | 49 | 56 | 57 |
Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 2 |
33 | 42 | 45 | 50 | 77 | 91 | 94 | 112 | 100 | 124 | 137 | 155 | |
Total Assets | 210 | 284 | 284 | 287 | 313 | 331 | 345 | 422 | 452 | 555 | 581 | 593 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | |
---|---|---|---|---|---|---|---|---|---|---|---|
10 | 16 | 7 | 22 | 45 | 53 | 20 | 58 | 72 | 41 | 56 | |
-3 | -0 | 4 | -5 | -12 | -10 | -14 | -74 | -67 | -50 | -22 | |
-2 | -11 | -13 | -18 | -21 | -35 | -24 | 19 | -10 | 14 | -33 | |
Net Cash Flow | 4 | 4 | -3 | -1 | 11 | 7 | -18 | 3 | -4 | 5 | 2 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | |
---|---|---|---|---|---|---|---|---|---|---|---|
ROCE % | 6% | 6% | 6% | 8% | 14% | 15% | 16% | 15% | 14% | 11% | |
Debtor Days | 28 | 33 | 45 | 40 | 41 | 39 | 49 | 48 | 40 | 52 | 50 |
Inventory Turnover | 10.28 | 13.49 | 14.61 | 17.42 | 17.95 | 17.92 | 21.15 | 1.92 | 1.82 | 0.94 |
Documents
Add documentRecent announcements
- Clarification 18 Feb
- Clarification sought from Artemis Medicare Services Ltd 18 Feb
- Announcement under Regulation 30 (LODR)-Newspaper Publication 13 Feb
- Shareholder Meeting / Postal Ballot-Notice of Postal Ballot 12 Feb
- Announcement under Regulation 30 (LODR)-Newspaper Publication 6 Feb
View all