Lotus Eye Hospital & Institute Ltd

Lotus Eye Hospital & Institute Ltd

₹ 59.6 -1.24%
25 Apr - close price
About

Incorporated in 1990, Lotus Eye Hospital
and Institute Ltd provides ophthalmology and other related services.[1]

Key Points

Business Overview:[1]
LEHIL is a listed Corporate Eye Hospital providing value-added super specialty services from its 8 Centers in Tamil Nadu and Kerala

  • Market Cap 124 Cr.
  • Current Price 59.6
  • High / Low 111 / 44.1
  • Stock P/E 35.0
  • Book Value 28.2
  • Dividend Yield 0.84 %
  • ROCE 10.2 %
  • ROE 7.27 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 42.2%

Cons

  • Promoter holding has decreased over last quarter: -15.2%
  • The company has delivered a poor sales growth of 4.35% over past five years.
  • Company has a low return on equity of 5.31% 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

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Quarterly Results

Figures in Rs. Crores

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
9.87 10.57 5.92 10.81 11.61 10.57 11.87 11.86 12.14 11.17 12.57 12.73 12.03
8.20 8.81 5.75 8.72 9.26 9.33 9.55 10.10 10.03 9.78 10.18 10.92 10.45
Operating Profit 1.67 1.76 0.17 2.09 2.35 1.24 2.32 1.76 2.11 1.39 2.39 1.81 1.58
OPM % 16.92% 16.65% 2.87% 19.33% 20.24% 11.73% 19.55% 14.84% 17.38% 12.44% 19.01% 14.22% 13.13%
0.20 0.19 0.17 0.21 0.22 0.28 0.24 0.23 0.32 0.36 0.29 0.28 0.34
Interest 0.02 0.01 0.02 0.04 0.04 0.03 0.03 0.03 0.02 0.02 0.02 0.01 0.04
Depreciation 0.59 0.59 0.53 0.60 0.63 0.75 0.68 0.75 0.77 0.78 0.73 0.89 0.98
Profit before tax 1.26 1.35 -0.21 1.66 1.90 0.74 1.85 1.21 1.64 0.95 1.93 1.19 0.90
Tax % 15.87% 17.78% 4.76% 24.70% 26.84% 27.03% 26.49% 24.79% 29.88% 31.58% 27.98% 28.57% 26.67%
1.05 1.11 -0.20 1.25 1.39 0.54 1.37 0.90 1.16 0.65 1.38 0.85 0.66
EPS in Rs 0.50 0.53 -0.10 0.60 0.67 0.26 0.66 0.43 0.56 0.31 0.66 0.41 0.32
Raw PDF

Profit & Loss

Figures in Rs. Crores

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
26.23 29.11 28.69 29.90 31.13 33.96 38.02 38.43 40.55 32.35 38.90 47.03 48.50
24.64 25.51 25.40 27.72 27.14 30.63 33.68 35.21 36.57 28.73 32.98 39.35 41.33
Operating Profit 1.59 3.60 3.29 2.18 3.99 3.33 4.34 3.22 3.98 3.62 5.92 7.68 7.17
OPM % 6.06% 12.37% 11.47% 7.29% 12.82% 9.81% 11.42% 8.38% 9.82% 11.19% 15.22% 16.33% 14.78%
0.36 0.64 0.39 0.46 0.58 0.68 0.91 0.68 0.21 0.84 0.88 1.15 1.27
Interest 0.05 0.05 0.04 0.10 0.16 0.15 0.18 0.21 0.24 0.14 0.21 0.20 0.09
Depreciation 4.14 3.73 3.54 4.76 4.44 3.44 3.37 3.06 2.50 2.33 2.50 2.98 3.38
Profit before tax -2.24 0.46 0.10 -2.22 -0.03 0.42 1.70 0.63 1.45 1.99 4.09 5.65 4.97
Tax % -0.45% 8.70% 60.00% 10.81% 400.00% -7.14% -2.35% -12.70% 26.90% 21.11% 27.14% 27.79%
-2.25 0.42 0.04 -1.98 0.10 0.44 1.75 0.71 1.06 1.57 2.98 4.08 3.54
EPS in Rs -1.08 0.20 0.02 -0.95 0.05 0.21 0.84 0.34 0.51 0.75 1.43 1.96 1.70
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 236.36% 59.43% 0.00% 0.00% 66.24% 34.90% 25.49%
Compounded Sales Growth
10 Years: 5%
5 Years: 4%
3 Years: 5%
TTM: 4%
Compounded Profit Growth
10 Years: 26%
5 Years: 19%
3 Years: 41%
TTM: -11%
Stock Price CAGR
10 Years: 25%
5 Years: 24%
3 Years: 11%
1 Year: -5%
Return on Equity
10 Years: 2%
5 Years: 4%
3 Years: 5%
Last Year: 7%

Balance Sheet

Figures in Rs. Crores

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 20.80 20.80 20.80 20.80 20.80 20.80 20.80 20.80 20.80 20.80 20.80 20.80 20.80
Reserves 30.11 30.53 30.57 28.59 28.69 29.26 29.84 29.32 30.46 31.90 33.81 36.78 37.95
0.43 0.26 0.18 0.83 0.66 0.48 0.29 0.22 0.32 0.40 1.24 0.67 0.00
4.72 5.31 7.01 6.20 4.68 4.40 7.28 6.18 6.53 6.12 5.75 4.93 8.06
Total Liabilities 56.06 56.90 58.56 56.42 54.83 54.94 58.21 56.52 58.11 59.22 61.60 63.18 66.81
47.78 45.31 46.94 47.04 43.57 41.32 42.52 44.14 42.67 40.54 44.07 44.18 46.99
CWIP 0.00 0.18 0.36 0.27 0.42 0.65 0.29 0.29 0.00 0.00 0.00 0.00 0.00
Investments 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
8.28 11.41 11.26 9.11 10.84 12.97 15.40 12.09 15.44 18.68 17.53 19.00 19.82
Total Assets 56.06 56.90 58.56 56.42 54.83 54.94 58.21 56.52 58.11 59.22 61.60 63.18 66.81

Cash Flows

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
2.28 3.71 4.41 2.37 3.38 2.97 5.78 4.20 4.97 2.73 4.41 4.39
-3.29 -1.20 -5.05 -4.65 -0.85 -1.06 -3.86 -4.01 -0.68 0.49 -3.94 -2.19
0.15 -0.16 -0.77 1.87 -0.58 -0.25 -1.51 -1.41 0.13 -0.32 -1.58 -1.71
Net Cash Flow -0.86 2.35 -1.41 -0.40 1.96 1.66 0.41 -1.22 4.42 2.90 -1.10 0.49

Ratios

Figures in Rs. Crores

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 5.29 3.89 4.96 4.27 5.98 7.31 10.94 7.22 5.94 8.35 5.82 9.08
Inventory Days 94.51 135.42 166.70 121.54 113.25 60.22 79.23 128.20 124.42 138.82 150.03 153.60
Days Payable 150.77 160.79 130.52 125.08 105.51 87.32 129.95 167.37 170.41 220.72 231.21 173.42
Cash Conversion Cycle -50.97 -21.48 41.14 0.73 13.72 -19.79 -39.78 -31.95 -40.05 -73.54 -75.37 -10.74
Working Capital Days -9.88 0.25 -13.10 -19.90 -8.56 -8.92 -26.02 -14.53 -21.33 -20.99 -10.98 12.34
ROCE % -4.46% 0.99% 0.27% -4.23% 0.24% 1.19% 3.63% 1.66% 4.67% 3.92% 7.91% 10.25%

Shareholding Pattern

Numbers in percentages

48 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
57.74% 57.74% 57.74% 57.74% 57.74% 57.88% 58.14% 58.17% 58.44% 57.58% 56.58% 41.40%
42.26% 42.26% 42.26% 42.26% 42.26% 42.12% 41.86% 41.83% 41.56% 42.43% 43.42% 58.60%
No. of Shareholders 6,3306,1756,2266,8307,0317,4167,4167,3457,4257,6608,31412,502

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