Fortis Healthcare Share Price
FORTIS
Fortis Healthcare Share Price Chart
About Fortis Healthcare
Fortis Healthcare Financials
Market cap ₹49,661 Crs | Open ₹655.00 | Close ₹657.80 |
Circuit range ₹789.35 - ₹526.25 | Day range ₹654.90 - ₹691.00 | Year range ₹356.20 - ₹691.00 |
Volume 54,76,983 | Avg. traded ₹681.14 | Revenue (12m) ₹7,313 Crs |
Fortis Healthcare Ltd is a leading healthcare services provider in India. The company operates a chain of hospitals. The company runs a network of super speciality hospitals and multi speciality hospitals. The company offers tele-medicine services through its hospital network. It also focuses on research in various disciplines of medical science.
The company is a subsidiary of IHH Healthcare Berhad Company. It is a for-profit hospital chain and has its headquarters in Gurugram, Haryana. The first ever Fortis Hospital was established in Mohali, Punjab. Fortis provides a wide range of consolidated healthcare services including clinical care, quaternary care along with a full spectrum of ancillary services.
The market capitalisation of Fortis Healthcare Limited stood at over ₹32,800 crore, as of February 5, 2024. Fortis Healthcare share price has surged 160% in the last three years.
Fortis Healthcare business operations
The company operates 28 healthcare facilities with more than 4500 operational beds. It also operates more than 400 diagnosis centres (inclusive of Joint Ventures), which makes it one of the biggest players in the healthcare industry in India.
Outside India the company has a presence in Nepal, the United Arab Emirates (UAE) and Sri Lanka. Fortis Healthcare has partnerships with major global healthcare chains. Approximately 23,000 people are employed at Fortis.
The Fortis Memorial Research Institute (FMRI) is the flagship hospital of the company and a prominent research centre. The vision of the company is to develop an international level healthcare delivery system in the country that entails the best medical skills along with solicitous patient care. The company aims to be an internationally acclaimed organisation for healthcare excellence and distinguished patient care.
In April 2023, Fortis Healthcare Limited acquired Medeor Hospitals in Manesar, Haryana. The acquisition would enable the company to expand its presence in Gurugram where the company operates the Fortis Memorial Research Institute (FMRI).
In its earlier years, the chain had also purchased the Escorts Group’s healthcare branch which helped it increase its strength in different parts of the country.
The company’s diagnostic service arm was renamed as Agilus Diagnostics Limited with effect from May 31, 2023. Agilus has presence in 27 states and Union Territories across India. It also has centres in Nepal, outside India.
Financial highlights
- The company’s consolidated revenue from operations stood at ₹6,298 crore in FY23 as compared to ₹5,718 crore in FY22.
- Its EBITDA (earnings before interest, tax, depreciation and amortisation) stood at ₹1,101 crore in FY23 as against ₹1,096 crore in FY22.
- Its net profit for FY23 dropped to ₹633 crore compared to ₹790 crore in FY22.
- The company’s earnings per share (EPS) stood at ₹1.27 in FY23 as against ₹(-0.18) in FY22.
Fortis Healthcare Key indicators
52 week high ₹691.00 | 52 week low ₹356.20 | P/E ratio 75.77 |
P/B ratio 5.98 | ROE 2.21% | ROCE 3.51% |
Dividend yield 0.16% | Debt/Equity ratio 0.03 | EPS 2.64 |
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Analyst ratings:
Analyst ratings:
92%
Hold
0%
Sell
8%
This analysis is based on the reviews of 13 experts in the last 7 days
Fortis Healthcare Fundamentals
Fortis Healthcare Financial Ratios
Operating profit margin28.42% | Net profit margin16.88% |
ROE2.21% | ROA1.93% |
ROCE3.51% |
Quick ratio0.83 | Current ratio0.84 |
Interest coverage4.01 | Asset turnover0.11 |
Debt to Equity0.03 |
P/E ratio75.77 | P/B ratio5.98 |
EV / EBITDA94.98 | |
Dividend yield0.16% |
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Revenue statement
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Balance sheet
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Fortis Healthcare Share Price history
Day | Open | Close | Change % |
---|---|---|---|
Tue, Nov 19 2024 | ₹649.35 | ₹657.80 | |
Mon, Nov 18 2024 | ₹642.00 | ₹648.50 | |
Thu, Nov 14 2024 | ₹621.90 | ₹639.10 | |
Wed, Nov 13 2024 | ₹639.90 | ₹620.40 | -3.54% |
Tue, Nov 12 2024 | ₹625.00 | ₹643.20 | |
Mon, Nov 11 2024 | ₹624.20 | ₹623.95 | |
Fri, Nov 8 2024 | ₹623.10 | ₹620.75 | -0.38% |
Thu, Nov 7 2024 | ₹624.20 | ₹623.10 |
Events
Corporate actions
Dividend • ₹1/share
Ex date 24 Jul 2024
Dividend • ₹1/share
Ex date 20 Jul 2023
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