Artemis Medicare Services Ltd

About [ edit ]

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.

Key Points [ edit ]
  • Market Cap 283 Cr.
  • Current Price 214
  • High / Low 272 / 130
  • 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 0.93 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

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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

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:38%
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

Shareholding Pattern

Numbers in percentages

Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
69.82 69.82 69.82 69.82 69.82 69.82
1.22 1.22 1.22 1.22 1.22 1.22
7.37 7.37 7.37 7.37 7.37 7.37
21.59 21.59 21.59 21.59 21.59 21.59

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