Apollo Hospitals Enterprise Ltd.
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ABOUT
KEY POINTS
Revenue Breakup Mar 2026 • Health care: 50.1% • Pharmacy Distribution: 42.5% • Retail Pharmacy: 7.3%
AI Sector View
AI GENERATEDHealthcare
This stance relies on proxies and positioning because no direct pharma-export or healthcare operating series exists in the dataset. The depreciated currency at 95.23 (Sep/26) can support export earnings, inflation at 4.45% (Jul/26) is manageable for a defensive sector, and consumer spending remains large at INR 44743 billion (Jun/26). Strong FPI inflow of INR 10620 crore over 3 months to 2026-08-31 from INR -11381 crore in the prior 3 months adds a real sector-specific tailwind, but confidence stays capped because the fundamental drivers are indirect proxies.
PROS
- Company has delivered good profit growth of 71.2% CAGR over last 5 years
- Company has a healthy return on capital (ROCE) of 20.7%
- Company has consistently been profitable over the last 5 years
- Latest quarter profit grew 38.4% YoY, showing strong momentum
- Company has delivered good sales growth of 19.0% CAGR over last 5 years
- Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.56x)
CONS
- Stock is trading at 11.8x its book value
- Recurring exceptional / one-off items are inflating headline profit
- Growth is decelerating - 3Y profit CAGR (31.2%) trails the 5Y trend (71.2%)
- Though reporting repeated profits, the company pays out little dividend (14.8%)
- Rich enterprise valuation - EV/EBITDA of 28.1x
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| APOLLOHOSP | 8850.00 | 60.90 | 127249.42 | 0.23 | 610.40 | 38.41 | 7043.50 | 20.56 | 21.73 | 15.70 |
| MAXHEALTH | 1037.20 | 69.29 | 100951.74 | 0.19 | 322.96 | 4.87 | 2366.17 | 16.70 | 14.97 | 25.29 |
| MANIPALHOS | 716.15 | 105.57 | 94200.74 | 0.00 | 2434.30 | — | 30906.30 | — | 13.93 | 23.83 |
| FORTIS | 887.30 | 63.93 | 66987.44 | 0.11 | 272.80 | 2.26 | 2545.03 | 17.46 | 14.07 | 21.28 |
| ASTERDM | 762.95 | 208.69 | 66504.25 | 0.39 | 29.28 | -68.70 | 1310.68 | 21.60 | 11.26 | 19.53 |
| MEDANTA | 1447.55 | 69.98 | 38920.53 | 0.03 | 157.25 | -1.09 | 1304.05 | 26.50 | 19.38 | 21.99 |
| NH | 1867.35 | 46.76 | 38161.31 | 0.24 | 207.27 | 5.37 | 2683.63 | 78.05 | 16.20 | 17.43 |
| KIMS | 768.85 | 158.06 | 32292.20 | 0.00 | 37.40 | -56.00 | 1179.50 | 35.33 | 11.51 | 19.03 |
| LALPATHLAB | 1909.40 | 59.14 | 32049.05 | 1.07 | 1705.00 | 1172.39 | 7977.00 | 1090.95 | 29.56 | 31.03 |
| AGARWALEYE | 507.00 | 108.33 | 16073.23 | 0.00 | 55.02 | 44.56 | 614.02 | 25.97 | 16.14 | 27.75 |
| VIJAYA | 1502.30 | 82.53 | 15473.35 | 0.13 | 53.10 | 37.61 | 230.98 | 22.83 | 30.28 | 42.66 |
| RAINBOW | 1443.40 | 51.37 | 14660.13 | 0.24 | 62.54 | 16.23 | 469.99 | 33.17 | 28.25 | 28.65 |
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 4,418 | 4,847 | 4,851 | 4,944 | 5,086 | 5,589 | 5,527 | 5,592 | 5,842 | 6,304 | 6,477 | 6,606 | 7,044 | |
| 3,909 | 4,219 | 4,237 | 4,303 | 4,410 | 4,774 | 4,765 | 4,822 | 4,990 | 5,362 | 5,512 | 5,594 | 6,307 | |
| Operating Profit | 509 | 628 | 614 | 640 | 675 | 816 | 762 | 770 | 852 | 941 | 965 | 1,011 | 737 |
| OPM % | 11.52% | 12.95% | 12.65% | 12.96% | 13.27% | 14.59% | 13.78% | 13.76% | 14.58% | 14.93% | 14.90% | 15.31% | 10.46% |
| 28 | 24 | 28 | 28 | 37 | 38 | 64 | 61 | 40 | 55 | 34 | 44 | 49 | |
| Interest | 106 | 111 | 113 | 119 | 116 | 118 | 110 | 115 | 108 | 110 | 113 | 119 | 120 |
| Depreciation | 167 | 163 | 167 | 190 | 177 | 184 | 185 | 211 | 215 | 218 | 219 | 224 | 235 |
| Profit before Tax | 264 | 377 | 362 | 360 | 418 | 552 | 531 | 505 | 569 | 668 | 667 | 711 | 799 |
| Tax % | 36.58% | 34.54% | 30.09% | 30.53% | 27.36% | 29.31% | 29.53% | 20.00% | 24.90% | 27.03% | 24.84% | 23.92% | 23.59% |
| Net Profit | 173 | 249 | 0 | 0 | 316 | 396 | 379 | 414 | 441 | 494 | 516 | 551 | 610 |
| 11.59 | 16.20 | 17.06 | 17.65 | 21.23 | 26.34 | 25.89 | 27.10 | 30.10 | 33.19 | 34.94 | 36.82 | 40.39 |
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 7,256 | 8,243 | 9,617 | 11,247 | 10,560 | 14,663 | 16,612 | 19,059 | 21,794 | 25,228 | 26,430 | |
| 6,549 | 7,452 | 8,555 | 9,666 | 9,427 | 12,478 | 14,563 | 16,668 | 18,772 | 21,459 | 22,776 | |
| Operating Profit | 707 | 791 | 1,063 | 1,581 | 1,133 | 2,185 | 2,050 | 2,391 | 3,022 | 3,769 | 3,654 |
| OPM % | 9.74% | 9.60% | 11.05% | 14.06% | 10.73% | 14.90% | 12.34% | 12.54% | 13.87% | 14.94% | 13.83% |
| 44 | 34 | 32 | 232 | 110 | 372 | 90 | 108 | 200 | 172 | 181 | |
| Interest | 257 | 295 | 327 | 533 | 449 | 379 | 381 | 449 | 458 | 450 | 462 |
| Depreciation | 314 | 359 | 396 | 620 | 573 | 601 | 615 | 687 | 758 | 876 | 896 |
| Profit before Tax | 222 | 171 | 373 | 660 | 221 | 1,578 | 1,144 | 1,380 | 2,039 | 2,661 | 2,846 |
| Tax % | 40.96% | 65.27% | 46.54% | 34.11% | 38.38% | 30.23% | 22.40% | 32.27% | 26.19% | 24.74% | 24.77% |
| Net Profit | 131 | 60 | 199 | 435 | 136 | 1,101 | 888 | 935 | 1,505 | 2,003 | 2,141 |
| EPS | 15.88 | 8.44 | 16.97 | 32.70 | 10.74 | 73.42 | 56.97 | 62.49 | 100.55 | 135.03 | — |
| Dividend Payout % | 37.77% | 59.24% | 35.39% | 18.36% | 28.68% | 16.01% | 26.33% | 25.60% | 18.90% | 14.81% | — |
COMPOUNDED SALES GROWTH
- 10 Years:
- 15%
- 5 Years:
- 19%
- 3 Years:
- 15%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 24%
- 5 Years:
- 67%
- 3 Years:
- 33%
STOCK PRICE CAGR
- 10 Years:
- 21%
- 5 Years:
- 13%
- 3 Years:
- 21%
- 1 Year:
- 12%
RETURN ON EQUITY
- 10 Years:
- 12%
- 5 Years:
- 19%
- 3 Years:
- 20%
- Last Year:
- 24%
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 70 | 70 | 70 | 70 | 72 | 72 | 72 | 72 | 72 | 72 | |
| Minority Interest | 125 | 132 | 136 | 131 | 200 | 280 | 334 | 385 | 441 | 494 |
| 3,239 | 3,180 | 3,261 | 3,266 | 4,524 | 5,542 | 6,041 | 6,691 | 7,855 | 9,016 | |
| 3,543 | 3,778 | 3,931 | 5,724 | 4,680 | 4,587 | 4,681 | 4,970 | 7,401 | 8,097 | |
| Trade Payables | 501 | 606 | 713 | 909 | 1,160 | 1,632 | 1,916 | 2,369 | 2,240 | 2,252 |
| 1,323 | 1,608 | 1,927 | 2,190 | 1,795 | 2,467 | 3,039 | 2,532 | 3,002 | 2,722 | |
| Total Liabilities | 8,800 | 9,374 | 10,037 | 12,290 | 12,430 | 14,579 | 16,082 | 17,019 | 21,011 | 22,653 |
| 4,583 | 4,766 | 4,975 | 7,426 | 6,773 | 8,291 | 8,516 | 9,660 | 10,985 | 12,269 | |
| Capital Work in Progress | 347 | 712 | 822 | 209 | 212 | 44 | 602 | 845 | 771 | 992 |
| 406 | 352 | 462 | 434 | 1,343 | 816 | 574 | 986 | 2,487 | 2,179 | |
| 467 | 566 | 585 | 738 | 250 | 432 | 390 | 460 | 481 | 542 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2,515 | 3,016 | 3,485 | |
| Cash & Bank | 524 | 417 | 347 | 467 | 724 | 924 | 776 | 934 | 1,360 | 1,117 |
| 2,472 | 2,561 | 2,847 | 3,016 | 3,129 | 4,072 | 5,225 | 1,619 | 1,910 | 2,069 | |
| Total Assets | 8,800 | 9,374 | 10,037 | 12,290 | 12,430 | 14,579 | 16,082 | 17,019 | 21,011 | 22,653 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 756 | 662 | 1,098 | 1,599 | 1,229 | 1,900 | 1,759 | 1,920 | 2,136 | 2,856 | |
| Cash from Investing | -1,152 | -405 | -711 | -289 | -863 | -847 | -871 | -1,537 | -3,383 | -2,148 |
| Cash from Financing | 477 | -108 | -215 | -910 | -340 | -792 | -633 | -311 | 1,319 | -478 |
| -52 | 24 | -20 | 94 | 61 | 57 | -127 | 72 | 73 | 230 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
2026-09-03 - Apollo Hospitals Enterprise Limited has informed the Exchange about General Updates
2026-08-25 - Apollo Hospitals Enterprise Limited has informed the Exchange about General Updates
2026-08-25 - Apollo Hospitals Enterprise Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on August 25, 2026. Further, the company has informed the Exchange regarding voting results along with copy of scrutinizers report together with copy of minutes.
2026-08-19 - Apollo Hospitals Enterprise Limited has informed the Exchange about Transcript
2026-08-13 - Apollo Hospitals Enterprise Limited has informed the Exchange about Link of Recording
2026-08-12 - Apollo Hospitals Enterprise Limited has informed the Exchange about Investor Presentation
2026-08-12 - Apollo Hospitals Enterprise Limited has informed the Exchange about Presentation
2026-08-12 - Apollo Hospitals Enterprise Limited has informed the Exchange about General Updates
2026-08-12 - Apollo Hospitals Enterprise Limited has informed the Exchange regarding a press release dated August 12, 2026, titled "Apollo Hospitals Q1FY27 Results".
News
Recent coverage and analyst commentary for APOLLOHOSP
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