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 265 Cr.
  • Current Price 200
  • High / Low 272 / 130
  • Stock P/E
  • Book Value 228
  • Dividend Yield 0.00 %
  • ROCE 10.4 %
  • ROE 6.55 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.88 times its book value

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.

Peer comparison

Sector: Healthcare Industry: Healthcare

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
139.04 140.16 135.71 147.34 143.50 138.47 62.73 92.33 124.19
121.92 122.25 120.91 130.27 126.86 125.51 71.69 84.46 108.13
Operating Profit 17.12 17.91 14.80 17.07 16.64 12.96 -8.96 7.87 16.06
OPM % 12.31% 12.78% 10.91% 11.59% 11.60% 9.36% -14.28% 8.52% 12.93%
Other Income 0.63 1.31 0.59 1.24 0.72 2.05 0.58 0.88 0.68
Interest 3.10 2.88 3.28 3.50 3.07 2.96 3.55 3.72 3.07
Depreciation 5.02 5.20 5.45 5.68 5.77 5.73 5.69 5.38 5.34
Profit before tax 9.63 11.14 6.66 9.13 8.52 6.32 -17.62 -0.35 8.33
Tax % 49.01% 50.90% 35.89% 40.96% 34.39% 33.23% 33.20% 105.71% 36.85%
Net Profit 4.91 5.58 4.32 5.54 5.62 4.31 -11.69 0.14 5.34
EPS in Rs 2.34 2.66 2.06 2.64 4.25 3.26 -8.83 0.11 4.03

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 TTM
547 565 418
481 503 390
Operating Profit 66 62 28
OPM % 12% 11% 7%
Other Income 2 4 4
Interest 11 13 13
Depreciation 20 23 22
Profit before tax 37 31 -3
Tax % 45% 36%
Net Profit 20 20 -2
EPS in Rs 9.76 14.95 -1.43
Dividend Payout % 0% 0%
Compounded Sales Growth
10 Years:%
5 Years:%
3 Years:%
TTM:-26%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:%
TTM:-109%
Stock Price CAGR
10 Years:%
5 Years:%
3 Years:%
1 Year:16%
Return on Equity
10 Years:%
5 Years:%
3 Years:%
Last Year:7%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Sep 2020
13 13 13
Reserves 280 300 289
Borrowings 114 113 127
147 160 172
Total Liabilities 554 586 601
381 393 389
CWIP 49 56 57
Investments 0 0 0
124 137 155
Total Assets 554 586 601

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020
40 56
-50 -26
14 -27
Net Cash Flow 5 2

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020
ROCE % 10%
Debtor Days 52 49
Inventory Turnover 0.91

Shareholding Pattern

Numbers in percentages

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

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