Indraprastha Medical Corporation Ltd

₹ 85.2 -2.07%
25 Nov - close price
About

Incorporated in 1988 as a JV between Apollo Hospitals Enterprise Ltd. (AHEL) and the Delhi Government, Indraprastha Medical Corporation Ltd. is a super speciality tertiary care hospital in New Delhi. The Co. currently has 52 speciality departments. [1]

Key Points

Operations
The Co. has 764 beds with 52 speciality departments located in New Delhi. The Co. opened its Noida wing with 46 beds, which is positioned as a Mother and Child Care Hospital. [1]

  • Market Cap 781 Cr.
  • Current Price 85.2
  • High / Low 93.3 / 52.0
  • Stock P/E 10.2
  • Book Value 37.5
  • Dividend Yield 2.93 %
  • ROCE 29.2 %
  • ROE 21.0 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Company has delivered good profit growth of 18.8% CAGR over last 5 years
  • Debtor days have improved from 30.9 to 17.8 days.

Cons

  • The company has delivered a poor sales growth of 3.01% over past five years.
  • Company has a low return on equity of 13.3% 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

Sector: Healthcare Industry: Healthcare

Loading peers table ...

Quarterly Results

Figures in Rs. Crores

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
216 210 200 94 141 180 198 203 233 237 216 263 284
194 187 183 119 132 154 168 173 208 205 188 226 241
Operating Profit 23 24 18 -25 9 26 30 30 25 31 28 37 44
OPM % 10% 11% 9% -27% 7% 14% 15% 15% 11% 13% 13% 14% 15%
0 0 0 0 0 0 0 0 0 1 2 1 1
Interest 2 1 1 1 1 1 1 1 1 1 1 1 1
Depreciation 8 8 8 8 8 8 8 9 9 9 9 10 10
Profit before tax 13 14 8 -34 0 17 21 21 16 22 20 27 34
Tax % -39% 23% 21% 26% -2% 29% 28% 25% 26% 28% 24% 24% 26%
Net Profit 18 11 6 -25 0 12 15 15 12 16 15 20 25
EPS in Rs 1.96 1.17 0.71 -2.75 0.05 1.31 1.65 1.68 1.32 1.74 1.66 2.21 2.74
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
435 522 607 678 714 755 766 753 788 831 613 888 1,000
392 455 528 587 630 675 686 678 706 743 572 768 861
Operating Profit 43 67 79 91 85 80 79 74 82 87 41 120 139
OPM % 10% 13% 13% 13% 12% 11% 10% 10% 10% 11% 7% 14% 14%
28 1 1 1 1 1 -0 -1 -1 -0 -0 -3 5
Interest 4 6 9 10 8 7 8 9 7 6 3 3 4
Depreciation 22 22 26 28 28 35 31 31 30 33 33 35 37
Profit before tax 45 40 45 54 50 39 41 34 45 48 4 79 103
Tax % 32% 33% 37% 35% 34% 37% 36% 38% 36% 9% 46% 26%
Net Profit 31 27 29 35 32 24 26 21 28 44 2 59 77
EPS in Rs 3.35 2.95 3.14 3.87 3.54 2.66 2.86 2.30 3.10 4.76 0.25 6.39 8.35
Dividend Payout % 48% 54% 51% 47% 51% 68% 63% 65% 52% 0% 0% 39%
Compounded Sales Growth
10 Years: 5%
5 Years: 3%
3 Years: 4%
TTM: 23%
Compounded Profit Growth
10 Years: 9%
5 Years: 19%
3 Years: 29%
TTM: 40%
Stock Price CAGR
10 Years: 9%
5 Years: 10%
3 Years: 26%
1 Year: 11%
Return on Equity
10 Years: 14%
5 Years: 12%
3 Years: 13%
Last Year: 21%

Balance Sheet

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
92 92 92 92 92 92 92 92 92 92 92 92 92
Reserves 58 68 79 95 103 132 139 141 152 176 181 234 252
75 67 73 63 50 52 67 66 21 4 3 3 4
134 175 194 199 196 185 160 134 157 177 157 133 233
Total Liabilities 358 402 438 449 442 460 458 432 422 449 432 462 580
226 234 300 293 286 301 296 294 280 303 283 277 275
CWIP 34 42 0 2 3 3 0 0 1 0 3 0 0
Investments 0 0 0 0 0 0 0 0 0 0 0 0 0
98 126 138 154 153 157 163 138 141 146 145 185 305
Total Assets 358 402 438 449 442 460 458 432 422 449 432 462 580

Cash Flows

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
33 55 67 58 64 62 28 48 75 86 27 71
-57 -28 -54 -22 -29 -33 -22 -30 -17 -40 -19 -51
22 -27 -13 -36 -35 -30 -5 -17 -44 -43 -3 -3
Net Cash Flow -2 1 0 0 -0 -0 -0 1 14 4 5 17

Ratios

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 27 23 32 35 40 41 47 41 35 35 40 18
Inventory Days
Days Payable
Cash Conversion Cycle 27 23 32 35 40 41 47 41 35 35 40 18
Working Capital Days -19 -25 -28 -19 -23 0 14 12 -5 -8 0 -1
ROCE % 26% 20% 23% 26% 23% 18% 17% 15% 19% 21% 3% 29%

Shareholding Pattern

Numbers in percentages

Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
51.00 51.00 51.00 51.00 51.00 51.00 51.00 51.00 51.00 51.00 51.00 51.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.03 0.18 0.14 0.09 0.15
0.20 0.13 0.16 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02
48.80 48.87 48.84 48.98 48.98 48.98 48.98 48.96 48.80 48.84 48.89 48.83

Documents