Aster DM Healthcare Ltd
Aster DM Healthcare Limited is one of the largest integrated private healthcare service providers operating in GCC (Gulf Cooperation Council) countries and an emerging player in India. With an inherent emphasis on clinical excellence, it is one of the few entities in the world with a strong presence across primary, secondary, tertiary and quaternary healthcare. [1]
- Market Cap ₹ 18,282 Cr.
- Current Price ₹ 366
- High / Low ₹ 558 / 239
- Stock P/E 84.3
- Book Value ₹ 65.0
- Dividend Yield 0.00 %
- ROCE 6.55 %
- ROE 6.50 %
- Face Value ₹ 10.0
Pros
- Company is expected to give good quarter
- Company has delivered good profit growth of 32.1% CAGR over last 5 years
- Company's median sales growth is 37.4% of last 10 years
Cons
- Stock is trading at 5.63 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Tax rate seems low
- Company has a low return on equity of 2.36% over last 3 years.
- Promoters have pledged 98.9% 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
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
0 | 1 | 1 | 53 | 189 | 380 | 530 | 595 | 760 | 747 | 1,116 | 1,534 | 1,920 | |
10 | 8 | 12 | 114 | 227 | 427 | 519 | 554 | 686 | 704 | 963 | 1,240 | 1,574 | |
Operating Profit | -10 | -7 | -11 | -60 | -38 | -47 | 12 | 41 | 74 | 42 | 153 | 293 | 346 |
OPM % | -3,431% | -762% | -1,256% | -114% | -20% | -12% | 2% | 7% | 10% | 6% | 14% | 19% | 18% |
3 | 10 | 86 | 40 | 51 | 390 | 14 | 83 | 113 | 21 | 82 | 50 | 58 | |
Interest | 0 | 0 | 3 | 34 | 135 | 228 | 54 | 11 | 33 | 36 | 47 | 56 | 72 |
Depreciation | 0 | 1 | 1 | 22 | 48 | 68 | 59 | 64 | 89 | 95 | 99 | 104 | 115 |
Profit before tax | -7 | 2 | 72 | -77 | -170 | 47 | -87 | 49 | 65 | -68 | 90 | 182 | 217 |
Tax % | 0% | 0% | 2% | -1% | 0% | 0% | 0% | 1% | 6% | -1% | -0% | 5% | |
-7 | 2 | 70 | -78 | -170 | 47 | -87 | 48 | 61 | -69 | 90 | 173 | 217 | |
EPS in Rs | -542.10 | 0.15 | 1.86 | -2.00 | -4.21 | 1.16 | -1.73 | 0.95 | 1.21 | -1.38 | 1.81 | 3.47 | 4.34 |
Dividend Payout % | 0% | 0% | 89% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | 110% |
5 Years: | 24% |
3 Years: | 26% |
TTM: | 38% |
Compounded Profit Growth | |
---|---|
10 Years: | 65% |
5 Years: | 32% |
3 Years: | 41% |
TTM: | 18% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 20% |
3 Years: | 35% |
1 Year: | 49% |
Return on Equity | |
---|---|
10 Years: | -2% |
5 Years: | 2% |
3 Years: | 2% |
Last Year: | 7% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 0 | 125 | 375 | 389 | 403 | 403 | 505 | 505 | 497 | 497 | 500 | 500 | 500 |
Reserves | 465 | 343 | 103 | 209 | 535 | 1,925 | 2,421 | 2,475 | 2,434 | 2,367 | 2,081 | 2,257 | 2,746 |
Preference Capital | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 374 | 374 | |
0 | 22 | 266 | 384 | 1,914 | 645 | 110 | 125 | 349 | 417 | 521 | 697 | 865 | |
34 | 9 | 24 | 124 | 168 | 251 | 257 | 271 | 273 | 307 | 661 | 649 | 352 | |
Total Liabilities | 499 | 499 | 768 | 1,105 | 3,021 | 3,224 | 3,293 | 3,376 | 3,552 | 3,589 | 3,762 | 4,102 | 4,462 |
35 | 36 | 37 | 469 | 547 | 714 | 772 | 753 | 1,016 | 1,009 | 1,013 | 1,008 | 1,251 | |
CWIP | 59 | 123 | 287 | 100 | 130 | 63 | 17 | 70 | 20 | 11 | 23 | 67 | 64 |
Investments | 181 | 227 | 266 | 317 | 2,037 | 2,137 | 2,086 | 2,095 | 2,150 | 2,151 | 2,166 | 2,141 | 2,170 |
224 | 114 | 178 | 219 | 307 | 309 | 417 | 458 | 366 | 418 | 560 | 886 | 977 | |
Total Assets | 499 | 499 | 768 | 1,105 | 3,021 | 3,224 | 3,293 | 3,376 | 3,552 | 3,589 | 3,762 | 4,102 | 4,462 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-167 | -51 | -3 | -51 | 98 | 42 | 78 | 246 | |||||
-79 | -251 | -18 | -36 | 40 | -38 | -49 | -332 | |||||
366 | 222 | 95 | 7 | -126 | -12 | -18 | 92 | |||||
Net Cash Flow | 121 | -80 | 74 | -80 | 12 | -9 | 11 | 6 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 1,384 | 365 | 742 | 41 | 28 | 24 | 21 | 22 | 21 | 21 | 20 | 26 |
Inventory Days | 171 | 100 | 66 | 42 | 38 | 49 | 38 | 32 | 38 | |||
Days Payable | 288 | 150 | 102 | 57 | 64 | 240 | 270 | 173 | 228 | |||
Cash Conversion Cycle | 1,384 | 365 | 742 | -75 | -22 | -13 | 6 | -4 | -170 | -210 | -122 | -163 |
Working Capital Days | -30,484 | 1,604 | 4,109 | -59 | -48 | 77 | 29 | 86 | -45 | -40 | -22 | 8 |
ROCE % | -2% | 0% | 12% | -5% | -4% | -4% | -1% | 2% | 3% | -1% | 4% | 7% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Resignation of Chief Financial Officer (CFO)
9h - Mr. Amitabh Johri has tendered his resignation from the position of Joint Chief Financial officer and Key Managerial Personnel of the Company vide his resignation …
- Compliance Certificate Pursuant To Regulation 7 (3) Of The SEBI (LODR) Regulations, 2015 For Financial Year Ended March 31, 2024 10h
- Submission Of Certificate As Per Regulation 40 (9) Of SEBI (LODR) Regulations, 2015 For The Financial Year Ended March 31, 2024 1d
-
Announcement under Regulation 30 (LODR)-Acquisition
17 Apr - Aster DM Healthcare Limited and Malabar Institute of Medical Sciences Limited (MIMS), a material subsidiary of Aster DM Healthcare Limited has signed a definitive agreement …
-
Announcement under Regulation 30 (LODR)-Credit Rating
16 Apr - ICRA Limited has upgraded the credit ratings of the Company for total credit facility of Rs. 602 crores. Request you to kindly take the same …
Annual reports
Concalls
-
Feb 2024Transcript PPT
-
Feb 2024TranscriptNotesPPT
-
Dec 2023Transcript PPT
-
Nov 2023TranscriptNotesPPT
-
Nov 2023TranscriptNotesPPT
-
Aug 2023Transcript PPT
-
Jun 2023Transcript PPT REC
-
Feb 2023Transcript PPT
-
Nov 2022Transcript PPT
-
Aug 2022TranscriptPPT
-
Aug 2022Transcript PPT
-
May 2022Transcript PPT
-
Feb 2022Transcript PPT
-
Nov 2021Transcript PPT
-
Sep 2021TranscriptPPT
-
Aug 2021Transcript PPT
-
Jun 2021Transcript PPT
-
Mar 2021TranscriptPPT
-
Feb 2021Transcript PPT
-
Dec 2020TranscriptPPT
-
Nov 2020Transcript PPT
-
Aug 2020Transcript PPT
-
Jun 2020Transcript PPT
-
Jun 2020TranscriptNotesPPT
-
Feb 2020Transcript PPT
-
Feb 2020TranscriptNotesPPT
-
Nov 2019Transcript PPT
-
Sep 2019Transcript PPT
-
Aug 2019Transcript PPT
-
Jun 2019Transcript PPT
-
May 2019TranscriptPPT
-
Mar 2019TranscriptPPT
-
Feb 2019Transcript PPT
-
Nov 2018TranscriptNotesPPT
-
Sep 2018TranscriptPPT
-
Aug 2018Transcript PPT
-
Jun 2018Transcript PPT
Demerger[1]
The company is demerging its GCC and India operations into separate entities for operational efficiencies. Post-segregation, Aster DM Healthcare Limited will be focused on India business. The GCC Business will be separated from Aster DM Healthcare Limited to create Aster GCC. GCC Business will be acquired by Alpha GCC Holdings Limited for Enterprise Value of US$1,651.2m (~Rs. 13,540 crs). At the closing of the Transaction, Fajr Capital & its consortium members will own ~65% and a Promoter entity will own the remaining ~35% stake in the GCC Business through Aster GCC. The transaction is expected to complete by Q4 FY24.