Aster DM Healthcare Ltd

About [ edit ]

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. #

Key Points [ edit ]
  • Market Cap 7,610 Cr.
  • Current Price 152
  • High / Low 180 / 82.8
  • Stock P/E 43.6
  • Book Value 64.0
  • Dividend Yield 0.00 %
  • ROCE 13.0 %
  • ROE 15.2 %
  • Face Value 10.0

Pros

Cons

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

Peer comparison

Sector: Healthcare Industry: Healthcare

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
1,784 1,775 1,837 2,150 2,201 2,029 2,087 2,322 2,301 1,761 2,268 2,259
1,521 1,651 1,712 1,891 1,851 1,806 1,842 1,937 1,897 1,618 1,997 1,931
Operating Profit 263 124 125 259 350 223 245 385 404 143 271 328
OPM % 15% 7% 7% 12% 16% 11% 12% 17% 18% 8% 12% 15%
Other Income 55 22 15 6 7 3 4 -14 25 8 9 7
Interest 47 40 39 56 55 88 88 71 112 80 75 62
Depreciation 56 74 76 79 78 126 149 140 171 155 153 157
Profit before tax 216 32 24 130 224 12 12 160 146 -85 53 115
Tax % 5% 36% 42% 13% 2% 18% 42% 5% -0% -5% 20% 7%
Net Profit 190 12 11 100 209 3 3 139 131 -83 33 92
EPS in Rs 3.76 0.25 0.22 1.99 4.14 0.06 0.06 2.75 2.62 -1.66 0.66 1.85

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
1,922 2,871 3,876 5,250 5,931 6,721 7,963 8,738 8,589
1,660 2,420 3,370 4,805 5,762 6,089 6,887 7,274 7,443
Operating Profit 261 451 506 445 169 632 1,075 1,465 1,146
OPM % 14% 16% 13% 8% 3% 9% 14% 17% 13%
Other Income 11 18 23 25 633 177 -154 -158 49
Interest 45 48 79 189 371 204 205 391 329
Depreciation 76 111 144 243 322 298 306 586 636
Profit before tax 151 310 306 38 108 308 410 330 229
Tax % 4% 9% 11% 78% 10% 8% 10% 5%
Net Profit 92 178 272 8 102 269 333 277 173
EPS in Rs 7.26 4.69 7.00 0.20 2.52 5.32 6.59 5.54 3.47
Dividend Payout % 0% 35% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years:%
5 Years:18%
3 Years:14%
TTM:-1%
Compounded Profit Growth
10 Years:%
5 Years:10%
3 Years:62%
TTM:-53%
Stock Price CAGR
10 Years:%
5 Years:%
3 Years:-7%
1 Year:54%
Return on Equity
10 Years:%
5 Years:13%
3 Years:15%
Last Year:15%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
125 375 389 403 403 505 505 500 500
Reserves 654 536 1,096 17 1,034 1,952 2,334 2,398 2,697
Borrowings 505 886 1,091 3,321 2,758 2,352 2,788 5,605 4,858
856 1,097 1,834 2,003 2,609 2,670 3,300 3,903 4,057
Total Liabilities 2,140 2,894 4,409 5,743 6,804 7,479 8,928 12,405 12,112
872 1,087 2,237 2,507 3,520 3,738 4,289 7,124 6,866
CWIP 185 357 197 358 290 402 550 736 885
Investments 6 7 3 39 32 38 22 34 50
1,077 1,442 1,972 2,839 2,962 3,302 4,067 4,511 4,311
Total Assets 2,140 2,894 4,409 5,743 6,804 7,479 8,928 12,405 12,112

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
236 203 361 537 601 1,223
-439 -775 -1,136 -522 -702 -658
203 578 654 46 134 -675
Net Cash Flow -1 5 -122 61 33 -110

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 23% 18% 7% 2% 8% 15% 13%
Debtor Days 95 86 83 93 79 84 93 99
Inventory Turnover 5.92 4.98 4.66 4.19 3.72 3.71 3.25

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
37.56 37.56 37.61 37.80 37.80 37.80 37.80 37.87 37.88 37.88 37.88 37.88
6.76 6.73 7.35 7.45 11.21 12.93 13.07 10.81 10.49 10.54 10.92 10.57
2.76 2.77 2.18 2.29 4.07 4.70 4.95 6.51 8.49 8.55 8.50 8.72
52.28 52.34 52.27 51.86 46.34 44.00 43.60 44.23 42.59 42.48 42.19 42.33
0.64 0.60 0.60 0.59 0.58 0.57 0.57 0.58 0.55 0.55 0.50 0.50

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