Fortis Healthcare Ltd

Fortis Health. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Fortis Healthcare Ltd

₹ 969 2.98%
05 Jun - close price
fortishealthcare.com BSE: 532843 NSE: FORTIS
About

FHL was incorporated in February 1996. The company’s first healthcare facility became operational in Mohali, Punjab in 2001. It is a leading integrated healthcare service provider in India. The healthcare verticals of the company primarily comprise hospitals, diagnostics and day care specialty facilities. Currently, the company operates its healthcare delivery services in India, Nepal, Dubai and Sri Lanka with 36 healthcare facilities with approximately 4,000 operational beds. [1]

Company controls its diagnostics business through its 57% owned subsidiary SRL Limited. It is amongst the largest private diagnostics chains. It has a presence in over 600 cities and towns, with an established strength of 415 laboratories, 8,200 direct clients and 1,400 Collection Centers. [2]

Key Points

Business Segments [1]
a) Hospital Segment: Co. operates Multi-specialty and super-specialty hospitals providing inpatient and outpatient treatments across various disciplines.

Website BSE NSE
  • Market Cap ₹ 73,129 Cr.
  • Current Price ₹ 969
  • High / Low ₹ 1,105 / 741
  • Stock P/E 69.1
  • Book Value ₹ 131
  • Dividend Yield 0.10 %
  • ROCE 13.5 %
  • ROE 11.3 %
  • Face Value ₹ 10.0
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Pros

  • Company has delivered good profit growth of 64.4% CAGR over last 5 years

Cons

  • Stock is trading at 7.39 times its book value
  • Company has a low return on equity of 9.88% over last 3 years.

* 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

Healthcare Healthcare Healthcare Services Hospital

Part of BSE 500 BSE Healthcare BSE 200 BSE Dollex 200 Nifty 500

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
1,643 1,657 1,770 1,680 1,786 1,859 1,988 1,928 2,007 2,167 2,331 2,265 2,365
1,372 1,386 1,440 1,396 1,405 1,516 1,554 1,553 1,572 1,676 1,775 1,759 1,832
Operating Profit 271 272 330 284 381 343 435 375 435 491 556 506 532
OPM % 16% 16% 19% 17% 21% 18% 22% 19% 22% 23% 24% 22% 23%
26 10 18 19 17 14 -42 47 -29 31 50 -34 -2
Interest 32 31 32 33 35 35 36 45 68 70 75 86 84
Depreciation 82 79 84 87 92 91 95 97 102 101 106 120 122
Profit before tax 183 171 233 183 271 230 261 279 237 351 425 266 324
Tax % 25% 27% 21% 27% 25% 24% 26% 9% 21% 24% 23% 26% 16%
138 124 184 134 203 174 193 254 188 267 329 197 271
EPS in Rs 1.76 1.48 2.30 1.78 2.37 2.20 2.34 3.28 2.44 3.45 4.26 2.57 3.52
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
3,966 4,199 4,574 4,561 4,469 4,632 4,030 5,718 6,298 6,893 7,783 9,128
3,857 4,106 4,220 4,287 4,238 4,022 3,626 4,649 5,196 5,625 6,195 7,043
Operating Profit 109 92 354 274 231 610 404 1,069 1,101 1,268 1,588 2,085
OPM % 3% 2% 8% 6% 5% 13% 10% 19% 17% 18% 20% 23%
92 299 649 -689 228 126 95 367 157 64 -11 45
Interest 152 133 229 258 337 205 166 147 129 131 184 314
Depreciation 235 225 222 239 233 292 291 301 316 342 386 449
Profit before tax -185 34 552 -912 -110 239 43 988 814 858 1,007 1,366
Tax % 2% -24% 13% 2% 103% 62% 230% 20% 22% 25% 20% 22%
-130 42 479 -934 -224 91 -56 790 633 645 809 1,064
EPS in Rs -3.10 0.40 8.14 -19.46 -3.96 0.77 -1.45 7.35 7.80 7.93 10.26 13.80
Dividend Payout % -1% 0% 0% 0% 0% 0% 0% 0% 13% 13% 10% 7%
Compounded Sales Growth
10 Years: 8%
5 Years: 18%
3 Years: 13%
TTM: 17%
Compounded Profit Growth
10 Years: 60%
5 Years: 64%
3 Years: 27%
TTM: 26%
Stock Price CAGR
10 Years: 19%
5 Years: 33%
3 Years: 51%
1 Year: 27%
Return on Equity
10 Years: 5%
5 Years: 9%
3 Years: 10%
Last Year: 11%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 463 463 518 519 755 755 755 755 755 755 755 755
Reserves 3,585 3,998 4,626 3,543 5,846 5,906 5,365 5,423 6,487 6,908 8,162 9,141
1,784 1,513 2,217 1,962 2,010 1,594 1,531 1,255 926 1,155 2,475 3,473
1,760 1,257 2,227 2,455 2,875 2,781 3,216 4,082 3,921 4,153 1,985 2,598
Total Liabilities 7,592 7,232 9,588 8,479 11,486 11,036 10,866 11,516 12,089 12,971 13,377 15,966
4,218 3,642 5,419 4,992 8,477 8,802 8,799 9,416 9,426 9,874 10,424 12,232
CWIP 228 226 268 226 450 204 165 193 228 542 407 432
Investments 1,464 1,452 1,878 1,732 270 175 186 104 210 230 169 243
1,682 1,913 2,023 1,529 2,290 1,856 1,716 1,803 2,225 2,326 2,378 3,059
Total Assets 7,592 7,232 9,588 8,479 11,486 11,036 10,866 11,516 12,089 12,971 13,377 15,966

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
24 195 966 493 -179 172 485 865 822 1,100 1,424 1,601
213 122 -1,001 -333 -3,279 63 -131 -501 -372 -889 -780 -1,538
-304 -354 259 -672 4,257 -862 -143 -517 -471 -86 -714 164
Net Cash Flow -66 -37 225 -513 799 -627 212 -153 -21 125 -70 227
Free Cash Flow -181 -162 689 437 -261 35 274 750 367 172 591 673
CFO/OP 131% 354% 304% 187% 30% 84% 108% 101% 100% 104% 97% 90%

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 38 39 38 38 44 36 41 33 34 33 37 42
Inventory Days 25 23 23 24 22 30 29 33 31 24 23 24
Days Payable 207 218 215 279 296 226 205 178 179 164 161 165
Cash Conversion Cycle -144 -156 -155 -217 -230 -161 -135 -112 -115 -107 -101 -99
Working Capital Days -71 -69 -87 -113 -234 -150 -56 -35 -22 -124 -30 -34
ROCE % -0% 3% 11% 3% 6% 4% 2% 10% 10% 10% 12% 13%

Insights

In beta
Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Hospital Occupancy
%

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Operational Beds
Number
Average Revenue Per Operating Bed (ARPOB)
INR Cr per annum
Average Length of Stay (ALOS)
Days
Diagnostics - Customer Touch Points
Number
Diagnostics - Number of Tests
Million

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
31.17% 31.17% 31.17% 31.17% 31.17% 31.17% 31.17% 31.17% 31.17% 31.17% 31.17% 31.17%
30.03% 26.31% 23.72% 23.24% 23.31% 25.26% 26.77% 27.40% 27.18% 27.90% 27.84% 25.98%
22.17% 26.55% 29.42% 31.14% 32.31% 30.73% 30.05% 29.46% 29.79% 29.14% 29.33% 31.35%
16.65% 15.97% 15.71% 14.44% 13.22% 12.83% 12.02% 11.98% 11.87% 11.79% 11.65% 11.50%
No. of Shareholders 1,35,0471,31,5161,35,6641,57,1651,54,2602,04,1842,21,7502,18,3292,05,3732,20,7662,33,1562,26,685

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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