Fortis Malar Hospitals Ltd - Stock Valuation and Financial Performance

BSE: 523696 | NSE: | Hospital & Healthcare Services | Small Cap

Fortis MalarHospital Share Price

53.03 -0.47 -0.88%
as on 21-Nov'24 16:59

DeciZen - make an informed investing decision on Fortis MalarHospital

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Fortis Malar Hospitals stock performance -

mw4me loader
P/E Ratio (SA):
1.92
Market Cap:
99.8 Cr.
52-wk low:
44
52-wk high:
107.9

Is Fortis Malar Hospitals Ltd an attractive stock to invest in?

1. Is Fortis Malar Hospitals Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Fortis Malar Hospitals Ltd is a below average quality company.

2. Is Fortis Malar Hospitals Ltd undervalued or overvalued?

The key valuation ratios of Fortis Malar Hospitals Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Fortis Malar Hospitals Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Fortis Malar Hospitals Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Fortis MalarHospital:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Fortis Malar Hospitals Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 13.9%10.8%4.6%5.7%2.8%-4.4%-4.7%-2.1%-1.4%65.7%-
Value Creation
Index
-0-0.2-0.7-0.6-0.8-1.3-1.3-1.2-1.13.7-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 11813014114914511269.286.2865923
Sales YoY Gr.-9.9%8.5%6.1%-3.1%-22.6%-38.1%24.5%-0.3%-31.3%-
Adj EPS 4.13.51.51.71-4.8-6.8-4.5-8.33.627.8
YoY Gr.--16%-56.1%10.5%-42.9%-600%NANANANA-
BVPS (₹) 48.65252.754.455.350.446.241.633.158.315.8
Adj Net
Profit
7.76.42.83.11.8-9-12.8-8.3-15.56.752
Cash Flow from Ops. 4.210.7-10.39.8-15.7-0.3-1.26.85.6-7.2-
Debt/CF from Ops. 0000000000-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -7.4%-16.4%-5.2%-31.3%
Adj EPS -1.5%30.2%NANA
BVPS2%1.1%8%76.3%
Share Price 3.7% 1.6% -5.8% -25.1%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
8.86.92.93.11.7-9.1-14.2-10.1-22.27.975
Op. Profit
Mgn %
6.44.20.61.2-1.6-2.4-9.145.3-2-2.6
Net Profit
Mgn %
6.5522.11.2-8-18.5-9.7-18.111.4225.4
Debt to
Equity
00000000000
Working Cap
Days
252239227247283295372339346279461
Cash Conv.
Cycle
-26-33-27-32-39-41-49-52-65-57435

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 75.00%

Sales growth has been subdued in last 3 years -5.19%

Net Profit has been subdued in last 3 years 0.00%

Sales growth is not so good in last 4 quarters at -73.25%

Latest Financials - Fortis Malar Hospitals Ltd.

Standalone Consolidated
TTM EPS (₹) 27.8 26.7
TTM Sales (₹ Cr.) 23.1 23.1
BVPS (₹.) 15.8 15.9
Reserves (₹ Cr.) 11 11
P/BV 3.37 3.34
PE 1.92 1.99
From the Market
52 Week Low / High (₹) 44.00 / 107.94
All Time Low / High (₹) 0.90 / 107.94
Market Cap (₹ Cr.) 99.8
Equity (₹ Cr.) 18.7
Face Value (₹) 10
Industry PE 40.5

Management X-Ray of Fortis MalarHospital:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Fortis MalarHospital

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales11813014114914511269868659
Operating Expenses 11012414014714711576838160
Manufacturing Costs58697779785837424432
Material Costs2827303333211417139
Employee Cost 15182022232118191915
Other Costs 911131413146554
Operating Profit 8512-2-3-635-1
Operating Profit Margin (%) 6.4%4.0%0.6%1.2%-1.7%-2.4%-9.1%4.0%5.3%-2.0%
Other Income 798810118779
Interest 1000187764
Depreciation 33444131313129
Exceptional Items 0-1000070058
Profit Before Tax 1210452-12-11-8-752
Tax 43121-3-3085
Profit After Tax 86332-9-8-8-1647
PAT Margin (%) 6.5%4.8%2.0%2.1%1.2%-8.1%-11.6%-9.6%-18.1%80.1%
Adjusted EPS (₹)4.13.41.51.70.9-4.8-4.3-4.4-8.325.2
Dividend Payout Ratio (%)12%15%0%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 90979810210494877862109
Share Capital 19191919191919191919
Reserves 72788083857668594390
Minority Interest0000000000
Debt0000000000
Long Term Debt0000000000
Short Term Debt0000000000
Trade Payables1321142523191420205
Others Liabilities 2411161920735752531
Total Liabilities 127129128146147186159150136115

Fixed Assets

Gross Block3028323537100101948036
Accumulated Depreciation133711151932363236
Net Fixed Assets1825252422816958470
CWIP 1011100000
Investments 0000000000
Inventories1322212210
Trade Receivables46661042230
Cash Equivalents 182571574212107106
Others Assets85708899106587478779
Total Assets 127129128146147186159150136115

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 411-1010-160-176-7
PBT 1210452-12-11-8-752
Adjustment -4-4-2-3-51361212-53
Changes in Working Capital 29-412-94-741-1
Tax Paid -6-4-8-5-5-512-10-5
Cash Flow From Investing Activity 5-2215-2648-2880120
Capex -3-11-3-4-3-3-1-1-2-2
Net Investments 0-190001-66-33
Others 98181950-2136119
Cash Flow From Financing Activity 0-1-100-12-7-10-13-11
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid 0000000000
Dividend Paid 0-1-10000000
Others 00000-12-7-10-13-11
Net Cash Flow 9-1248-936-365-7102
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)8.776.662.893.141.69-9.15-8.85-10.09-22.2155.25
ROCE (%)13.9410.774.615.72.8-4.39-4.71-2.12-1.4465.73
Asset Turnover Ratio1.031.011.091.090.990.670.40.560.60.47
PAT to CFO Conversion(x)0.51.83-3.333.33-8N/AN/AN/AN/A-0.15
Working Capital Days
Receivable Days131415142022159110
Inventory Days2565558760
Payable Days153230216215264361433369580530

Fortis Malar Hospitals Ltd Stock News

Fortis Malar Hospitals Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Fortis MalarHospital on 21-Nov-2024 16:59 is ₹53.03.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 21-Nov-2024 16:59 the market cap of Fortis MalarHospital stood at ₹99.76.
The latest P/E ratio of Fortis MalarHospital as of 21-Nov-2024 16:59 is 1.92.
The latest P/B ratio of Fortis MalarHospital as of 21-Nov-2024 16:59 is 3.37.
The 52-week high of Fortis MalarHospital is ₹107.9 and the 52-week low is ₹44.00.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Fortis MalarHospital is ₹23.10 ( Cr.) .

About Fortis Malar Hospitals Ltd

Malar Hospitals (an Associate of Fortis Healthcare), like every other Fortis hospital, is a manifestation of the founder’s vision of creating a world-class integrated healthcare delivery system in India, entailing the finest medical skills combined with compassionate patient care.

Malar Hospitals is one of India’s leading multi-specialty hospitals. Founded in 1992 and located in Chennai near the famous Theosophical Society, Adyar. Malar Hospitals is equipped with ultra-modern medical infrastructure that is on par with the best in the world. Among the faculty are renowned consultants with decades of experience and excellence in their fields.Dr.S.Ramamurthy , the chief promoter and  Chairman and Managing Director of Malar Hospitals Ltd is Family consulatant and Sonoligist since 1979. He has been an NRI since 1979 to February 1986. He was a Medical Officer and Consultant in charge of Fudo consortium cilinic owned by Japanease Firm Yanbu at Saudi Arabia 

Malar Hospitals is a leading centre for cardiac care, renal transplants, neurosurgery, oto- laryngocoloy, limb reconstruction surgery and maxillo facial orthodontology. It also has one of South India’s best trauma care centers.

Since the beginning, Malar Hospitals has been serving clients from across India, South East Asia and the Middle East - with the singular objective of providing Humane Care for Human Cure.

The Department of Orthopedic Surgery of Malar Hospitals is a reputed centre for trauma care in India. The orthopedic team offers comprehensive, specialized care for all trauma and cold orthopedic conditions. All out-patients are treated in the orthopedic clinic. Intra- articular injections and needling of trigger spots are performed in the injection clinic as out-patient procedures. In-patient and post-operative patients are seen during the twice-a-day ward rounds. All orthopedic and trauma surgeries are performed in a state-of-the-art exclusive orthopedic operation theatre, which is equipped with an image intensifier, orthopedic fracture table, arthroscopy system, Swiss-made operating instruments and all orthopedic implants and prostheses.

The highly experienced team of anesthesiologists of Malar Hospital can handle any emergency situation or high- risk patient. They have highly experienced operating - theatre staff and technicians who ensure smooth and safe conduct of all surgeries.

Malar Hospital, with 180 beds, focuses on providing comprehensive medical care in the areas of cardiology and cardiac surgery, gynecology, orthopedics, gastroenterology, neurology, pediatrics, diabetics, and nephrology.

Malar Hospitals also has a state of the art Cath Lab and multiple dedicated cardiac operation theatres and intensive coronary care units. Several rare and complex Adult and Pediatric Cardiac surgeries, Orthopedics and Joint replacement, Neurosurgery and Plastic reconstruction surgeries have been performed in this hospital.  The hospital’s Obstetrics and Gynecology services are among the busiest in the city, performing many difficult deliveries and surgeries successfully, and are supported by a dedicated Neonatology unit.

Malar Hospital's Escorts Heart Centre had tied up with Aishwarya Trust to help poor children with congenital heart defect (CHD) as part of the government scheme Ilam Sirar Iruthaya Pathukappu Thittam.

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