Fortis Healthcare Ltd.
•₹ 907.1-1.06%
2026-08-21
PROS
- Company has consistently been profitable over the last 5 years
- Company has delivered good sales growth of 17.8% CAGR over last 5 years
- Operating margins have improved to 22.8% from 18.5%
- Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.64x)
- Working capital cycle has improved - days down from -6 to -12
- Company generates healthy free cash flow
CONS
- Receivables are growing faster than sales - a possible quality concern
- Company has a low return on equity of 9.9% over last 3 years
- Recurring exceptional / one-off items are inflating headline profit
- Stock is trading at 6.1x its book value
- Total debt has risen sharply - up 30.9% year on year
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
EDIT COLUMNS| S.No. | Name | CMP Rs. | P/E | Mar Cap Rs.Cr. | Div Yld % | NP Qtr Rs.Cr. | Qtr Profit Var % | Sales Qtr Rs.Cr. | Qtr Sales Var % | ROCE % | OPM % |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | APOLLOHOSP | 8799.00 | 60.55 | 126516.12 | 0.23 | 610.40 | 38.41 | 7043.50 | 20.56 | 21.73 | 15.70 |
| 2. | MANIPALHOS | 744.55 | 109.75 | 97936.41 | 0.00 | — | — | — | — | 13.93 | — |
| 3. | MAXHEALTH | 996.45 | 66.57 | 96982.14 | 0.20 | 322.96 | 4.87 | 2366.17 | 16.70 | 14.97 | 25.29 |
| 4. | ASTERDM | 800.70 | 219.01 | 69794.81 | 0.00 | 29.28 | -68.70 | 1310.68 | 21.60 | 11.46 | 19.53 |
| 5. | FORTIS | 910.80 | 65.62 | 68761.59 | 0.11 | 272.80 | 2.26 | 2545.03 | 17.46 | 14.07 | 21.28 |
| 6. | MEDANTA | 1419.05 | 68.60 | 38154.25 | 0.04 | 157.25 | -1.09 | 1304.05 | 26.50 | 20.50 | 21.99 |
| 7. | NH | 1782.70 | 44.64 | 36431.40 | 0.25 | 207.27 | 5.37 | 2683.63 | 78.05 | 16.20 | 17.43 |
| 8. | KIMS | 788.60 | 162.12 | 33121.71 | 0.00 | 37.40 | -56.00 | 1179.50 | 35.33 | 11.51 | 19.03 |
| 9. | LALPATHLAB | 1886.80 | 58.44 | 31669.72 | 1.09 | 1705.00 | 1172.39 | 7977.00 | 1090.95 | 29.56 | 31.03 |
| 10. | AGARWALEYE | 499.70 | 106.77 | 15841.80 | 0.00 | 55.02 | 44.56 | 614.02 | 25.97 | 14.32 | 27.75 |
| 11. | VIJAYA | 1489.70 | 81.84 | 15343.57 | 0.13 | 53.10 | 37.61 | 230.98 | 22.83 | 30.27 | 42.66 |
| 12. | RAINBOW | 1461.10 | 52.00 | 14839.90 | 0.24 | 62.54 | 16.23 | 469.99 | 33.17 | 28.25 | 28.65 |
Detailed Comparison with:
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1,657 | 1,770 | 1,680 | 1,786 | 1,859 | 1,988 | 1,928 | 2,007 | 2,167 | 2,331 | 2,265 | 2,365 | 2,545 | |
| 1,385 | 1,440 | 1,396 | 1,405 | 1,516 | 1,554 | 1,553 | 1,572 | 1,676 | 1,775 | 1,759 | 1,832 | 2,210 | |
| Operating Profit | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 8 | 14 | 7 | 10 | 13 | 13 | 21 | 20 | 15 | 23 | 8 | 4 | 14 |
| Interest | 31 | 32 | 33 | 35 | 35 | 36 | 45 | 68 | 70 | 75 | 86 | 84 | 80 |
| Depreciation | 79 | 84 | 87 | 92 | 91 | 95 | 97 | 102 | 101 | 106 | 120 | 122 | 122 |
| 171 | 231 | 179 | 267 | 229 | 257 | 277 | 232 | 348 | 422 | 262 | 318 | 363 | |
| Tax % | 27.30% | 21.09% | 27.39% | 25.55% | 24.44% | 26.47% | 9.05% | 20.93% | 24.10% | 22.90% | 26.05% | 16.67% | 24.89% |
| Net Profit | 0 | 0 | 0 | 0 | 174 | 193 | 254 | 188 | 267 | 329 | 197 | 271 | 273 |
| 1 | 2 | 2 | 2 | 2 | 2 | 3 | 2 | 3 | 4 | 3 | 4 | 0 | |
| Equity Capital | 755 | 755 | 755 | 755 | 755 | 755 | 755 | 755 | 755 | 755 | 755 | 755 | 755 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 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% |
| Equity Capital | 755 | 755 | 755 | 755 | 755 | 755 | 755 | 755 | 755 | 755 | 755 | 755 | 755 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 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% |
Jun 2023
- 1,657
- 1,385
- Operating Profit
- —
- OPM %
- —
- Other Income
- 8
- Interest
- 31
- Depreciation
- 79
- 171
- Tax %
- 27.30%
- Net Profit
- 0
- 1
- Equity Capital
- 755
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 755
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2023
- 1,770
- 1,440
- Operating Profit
- —
- OPM %
- —
- Other Income
- 14
- Interest
- 32
- Depreciation
- 84
- 231
- Tax %
- 21.09%
- Net Profit
- 0
- 2
- Equity Capital
- 755
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 755
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2023
- 1,680
- 1,396
- Operating Profit
- —
- OPM %
- —
- Other Income
- 7
- Interest
- 33
- Depreciation
- 87
- 179
- Tax %
- 27.39%
- Net Profit
- 0
- 2
- Equity Capital
- 755
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 755
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2024
- 1,786
- 1,405
- Operating Profit
- —
- OPM %
- —
- Other Income
- 10
- Interest
- 35
- Depreciation
- 92
- 267
- Tax %
- 25.55%
- Net Profit
- 0
- 2
- Equity Capital
- 755
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 755
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2024
- 1,859
- 1,516
- Operating Profit
- —
- OPM %
- —
- Other Income
- 13
- Interest
- 35
- Depreciation
- 91
- 229
- Tax %
- 24.44%
- Net Profit
- 174
- 2
- Equity Capital
- 755
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 755
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2024
- 1,988
- 1,554
- Operating Profit
- —
- OPM %
- —
- Other Income
- 13
- Interest
- 36
- Depreciation
- 95
- 257
- Tax %
- 26.47%
- Net Profit
- 193
- 2
- Equity Capital
- 755
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 755
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2024
- 1,928
- 1,553
- Operating Profit
- —
- OPM %
- —
- Other Income
- 21
- Interest
- 45
- Depreciation
- 97
- 277
- Tax %
- 9.05%
- Net Profit
- 254
- 3
- Equity Capital
- 755
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 755
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2025
- 2,007
- 1,572
- Operating Profit
- —
- OPM %
- —
- Other Income
- 20
- Interest
- 68
- Depreciation
- 102
- 232
- Tax %
- 20.93%
- Net Profit
- 188
- 2
- Equity Capital
- 755
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 755
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2025
- 2,167
- 1,676
- Operating Profit
- —
- OPM %
- —
- Other Income
- 15
- Interest
- 70
- Depreciation
- 101
- 348
- Tax %
- 24.10%
- Net Profit
- 267
- 3
- Equity Capital
- 755
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 755
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2025
- 2,331
- 1,775
- Operating Profit
- —
- OPM %
- —
- Other Income
- 23
- Interest
- 75
- Depreciation
- 106
- 422
- Tax %
- 22.90%
- Net Profit
- 329
- 4
- Equity Capital
- 755
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 755
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2025
- 2,265
- 1,759
- Operating Profit
- —
- OPM %
- —
- Other Income
- 8
- Interest
- 86
- Depreciation
- 120
- 262
- Tax %
- 26.05%
- Net Profit
- 197
- 3
- Equity Capital
- 755
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 755
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2026
- 2,365
- 1,832
- Operating Profit
- —
- OPM %
- —
- Other Income
- 4
- Interest
- 84
- Depreciation
- 122
- 318
- Tax %
- 16.67%
- Net Profit
- 271
- 4
- Equity Capital
- 755
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 755
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2026
- 2,545
- 2,210
- Operating Profit
- —
- OPM %
- —
- Other Income
- 14
- Interest
- 80
- Depreciation
- 122
- 363
- Tax %
- 24.89%
- Net Profit
- 273
- 0
- Equity Capital
- 755
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 755
- Reserves
- 0
- Promoter Pledge %
- 0.00%
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 4,574 | 4,561 | 4,469 | 4,632 | 4,030 | 5,718 | 6,298 | 6,893 | 7,783 | 9,128 | 9,506 | |
| 4,221 | 4,288 | 4,244 | 4,023 | 3,626 | 4,649 | 5,196 | 5,625 | 6,195 | 7,043 | 7,577 | |
| Operating Profit | 519 | 413 | 318 | 662 | 451 | 1,096 | 1,163 | 1,306 | 1,655 | 2,136 | — |
| OPM % | 11 | 9 | 7 | 14 | 11 | 19 | 18 | 19 | 21 | 23 | — |
| Other Income | 166 | 140 | 92 | 53 | 47 | 27 | 62 | 38 | 67 | 51 | 50 |
| Interest | 229 | 258 | 337 | 205 | 166 | 147 | 129 | 131 | 184 | 314 | 325 |
| Depreciation | 222 | 239 | 233 | 292 | 291 | 301 | 316 | 342 | 386 | 449 | 470 |
| 552 | -912 | -110 | 239 | 43 | 988 | 814 | 858 | 1,007 | 1,366 | 1,365 | |
| Tax % | 13 | -2 | -103 | 62 | 230 | 20 | 22 | 25 | 20 | 22 | 23 |
| Net Profit | 479 | -934 | -224 | 91 | -56 | 790 | 633 | 645 | 809 | 1,064 | 1,057 |
| EPS | 9 | -19 | -5 | 1 | -1 | 7 | 8 | 8 | 10 | 14 | — |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 13 | 13 | 10 | 7 | — |
| Minority Interest | -58 | -75 | -75 | -34 | -54 | -235 | -44 | -46 | -35 | -22 | 6 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 18 |
| Adjusted EPS | 8 | -19 | -4 | 1 | -1 | 7 | 8 | 8 | 10 | 14 | — |
| Minority Interest | -58 | -75 | -75 | -34 | -54 | -235 | -44 | -46 | -35 | -22 | 6 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 18 |
| Adjusted EPS | 8 | -19 | -4 | 1 | -1 | 7 | 8 | 8 | 10 | 14 | — |
Mar 2017
- 4,574
- 4,221
- Operating Profit
- 519
- OPM %
- 11
- Other Income
- 166
- Interest
- 229
- Depreciation
- 222
- 552
- Tax %
- 13
- Net Profit
- 479
- EPS
- 9
- Dividend Payout %
- 0
- Minority Interest
- -58
- Share of Associates
- 0
- Adjusted EPS
- 8
- Minority Interest
- -58
- Share of Associates
- 0
- Adjusted EPS
- 8
Mar 2018
- 4,561
- 4,288
- Operating Profit
- 413
- OPM %
- 9
- Other Income
- 140
- Interest
- 258
- Depreciation
- 239
- -912
- Tax %
- -2
- Net Profit
- -934
- EPS
- -19
- Dividend Payout %
- 0
- Minority Interest
- -75
- Share of Associates
- 0
- Adjusted EPS
- -19
- Minority Interest
- -75
- Share of Associates
- 0
- Adjusted EPS
- -19
Mar 2019
- 4,469
- 4,244
- Operating Profit
- 318
- OPM %
- 7
- Other Income
- 92
- Interest
- 337
- Depreciation
- 233
- -110
- Tax %
- -103
- Net Profit
- -224
- EPS
- -5
- Dividend Payout %
- 0
- Minority Interest
- -75
- Share of Associates
- 0
- Adjusted EPS
- -4
- Minority Interest
- -75
- Share of Associates
- 0
- Adjusted EPS
- -4
Mar 2020
- 4,632
- 4,023
- Operating Profit
- 662
- OPM %
- 14
- Other Income
- 53
- Interest
- 205
- Depreciation
- 292
- 239
- Tax %
- 62
- Net Profit
- 91
- EPS
- 1
- Dividend Payout %
- 0
- Minority Interest
- -34
- Share of Associates
- 0
- Adjusted EPS
- 1
- Minority Interest
- -34
- Share of Associates
- 0
- Adjusted EPS
- 1
Mar 2021
- 4,030
- 3,626
- Operating Profit
- 451
- OPM %
- 11
- Other Income
- 47
- Interest
- 166
- Depreciation
- 291
- 43
- Tax %
- 230
- Net Profit
- -56
- EPS
- -1
- Dividend Payout %
- 0
- Minority Interest
- -54
- Share of Associates
- 0
- Adjusted EPS
- -1
- Minority Interest
- -54
- Share of Associates
- 0
- Adjusted EPS
- -1
Mar 2022
- 5,718
- 4,649
- Operating Profit
- 1,096
- OPM %
- 19
- Other Income
- 27
- Interest
- 147
- Depreciation
- 301
- 988
- Tax %
- 20
- Net Profit
- 790
- EPS
- 7
- Dividend Payout %
- 0
- Minority Interest
- -235
- Share of Associates
- 0
- Adjusted EPS
- 7
- Minority Interest
- -235
- Share of Associates
- 0
- Adjusted EPS
- 7
Mar 2023
- 6,298
- 5,196
- Operating Profit
- 1,163
- OPM %
- 18
- Other Income
- 62
- Interest
- 129
- Depreciation
- 316
- 814
- Tax %
- 22
- Net Profit
- 633
- EPS
- 8
- Dividend Payout %
- 13
- Minority Interest
- -44
- Share of Associates
- 0
- Adjusted EPS
- 8
- Minority Interest
- -44
- Share of Associates
- 0
- Adjusted EPS
- 8
Mar 2024
- 6,893
- 5,625
- Operating Profit
- 1,306
- OPM %
- 19
- Other Income
- 38
- Interest
- 131
- Depreciation
- 342
- 858
- Tax %
- 25
- Net Profit
- 645
- EPS
- 8
- Dividend Payout %
- 13
- Minority Interest
- -46
- Share of Associates
- 0
- Adjusted EPS
- 8
- Minority Interest
- -46
- Share of Associates
- 0
- Adjusted EPS
- 8
Mar 2025
- 7,783
- 6,195
- Operating Profit
- 1,655
- OPM %
- 21
- Other Income
- 67
- Interest
- 184
- Depreciation
- 386
- 1,007
- Tax %
- 20
- Net Profit
- 809
- EPS
- 10
- Dividend Payout %
- 10
- Minority Interest
- -35
- Share of Associates
- 0
- Adjusted EPS
- 10
- Minority Interest
- -35
- Share of Associates
- 0
- Adjusted EPS
- 10
Mar 2026
- 9,128
- 7,043
- Operating Profit
- 2,136
- OPM %
- 23
- Other Income
- 51
- Interest
- 314
- Depreciation
- 449
- 1,366
- Tax %
- 22
- Net Profit
- 1,064
- EPS
- 14
- Dividend Payout %
- 7
- Minority Interest
- -22
- Share of Associates
- 0
- Adjusted EPS
- 14
- Minority Interest
- -22
- Share of Associates
- 0
- Adjusted EPS
- 14
TTM
- 9,506
- 7,577
- Operating Profit
- —
- OPM %
- —
- Other Income
- 50
- Interest
- 325
- Depreciation
- 470
- 1,365
- Tax %
- 23
- Net Profit
- 1,057
- EPS
- —
- Dividend Payout %
- —
- Minority Interest
- 6
- Share of Associates
- 18
- Adjusted EPS
- —
- Minority Interest
- 6
- Share of Associates
- 18
- Adjusted EPS
- —
COMPOUNDED SALES GROWTH
- 10 Years:
- 8%
- 5 Years:
- 18%
- 3 Years:
- 13%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 50%
- 5 Years:
- —
- 3 Years:
- 21%
STOCK PRICE CAGR
- 10 Years:
- 18%
- 5 Years:
- 27%
- 3 Years:
- 42%
- 1 Year:
- -5%
RETURN ON EQUITY
- 10 Years:
- 4%
- 5 Years:
- 10%
- 3 Years:
- 10%
- Last Year:
- 11%
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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| LIABILITIES | - | - | - | - | - | - | - | - | - | - |
| Equity Capital | 518 | 519 | 755 | 755 | 755 | 755 | 755 | 755 | 755 | 755 |
| 4,608 | 3,515 | 5,822 | 5,902 | 5,363 | 5,422 | 6,486 | 6,906 | 8,160 | 9,139 | |
| 939 | 1,011 | 1,334 | 363 | 303 | 187 | 131 | 69 | 43 | 314 | |
| Trade Payables | 589 | 763 | 754 | 598 | 548 | 661 | 714 | 728 | 808 | 943 |
| 2,830 | 2,519 | 2,821 | 3,337 | 3,815 | 4,492 | 4,004 | 4,514 | 3,611 | 4,682 | |
| Total Liabilities | 9,484 | 8,327 | 11,486 | 10,955 | 10,784 | 11,516 | 12,089 | 12,971 | 13,377 | 15,833 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 5,419 | 4,992 | 8,477 | 8,802 | 8,799 | 9,416 | 9,426 | 9,874 | 10,424 | 12,230 | |
| Capital Work in Progress | 235 | 194 | 421 | 189 | 163 | 193 | 228 | 540 | 404 | 432 |
| 1,878 | 1,732 | 270 | 175 | 186 | 104 | 210 | 230 | 169 | 243 | |
| 62 | 67 | 57 | 78 | 77 | 123 | 123 | 107 | 115 | 135 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 628 | 784 | 1,044 | |
| Cash & Bank | 546 | 220 | 856 | 266 | 417 | 413 | 363 | 598 | 508 | 544 |
| 1,343 | 1,122 | 1,406 | 1,445 | 1,143 | 1,267 | 1,739 | 994 | 972 | 1,205 | |
| Total Assets | 9,484 | 8,327 | 11,486 | 10,955 | 10,784 | 11,516 | 12,089 | 12,971 | 13,377 | 15,833 |
| Total Debt | 2,217 | 1,962 | 1,971 | 1,354 | 1,271 | 966 | 703 | 858 | 2,195 | 2,873 |
| Net Working Capital | -153 | -855 | -1,925 | -1,639 | -199 | -138 | -163 | -1,750 | -136 | -296 |
| Contingent Liabilities | 359 | 1,335 | 1,537 | 1,755 | 1,849 | 2,392 | 2,470 | 2,622 | 2,741 | 2,910 |
| Book Value per Share | 99.01 | 77.77 | 87.12 | 88.18 | 81.04 | 81.81 | 95.91 | 101.48 | 118.08 | 131.05 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
| Total Debt | 2,217 | 1,962 | 1,971 | 1,354 | 1,271 | 966 | 703 | 858 | 2,195 | 2,873 |
| Net Working Capital | -153 | -855 | -1,925 | -1,639 | -199 | -138 | -163 | -1,750 | -136 | -296 |
| Contingent Liabilities | 359 | 1,335 | 1,537 | 1,755 | 1,849 | 2,392 | 2,470 | 2,622 | 2,741 | 2,910 |
| Book Value per Share | 99.01 | 77.77 | 87.12 | 88.18 | 81.04 | 81.81 | 95.91 | 101.48 | 118.08 | 131.05 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
Mar 2017
- Equity Capital
- 518
- 4,608
- 939
- Trade Payables
- 589
- 2,830
- Total Liabilities
- 9,484
- 5,419
- Capital Work in Progress
- 235
- 1,878
- 62
- 0
- Cash & Bank
- 546
- 1,343
- Total Assets
- 9,484
- Total Debt
- 2,217
- Net Working Capital
- -153
- Contingent Liabilities
- 359
- Book Value per Share
- 99.01
- Face Value
- 10.00
- Total Debt
- 2,217
- Net Working Capital
- -153
- Contingent Liabilities
- 359
- Book Value per Share
- 99.01
- Face Value
- 10.00
Mar 2018
- Equity Capital
- 519
- 3,515
- 1,011
- Trade Payables
- 763
- 2,519
- Total Liabilities
- 8,327
- 4,992
- Capital Work in Progress
- 194
- 1,732
- 67
- 0
- Cash & Bank
- 220
- 1,122
- Total Assets
- 8,327
- Total Debt
- 1,962
- Net Working Capital
- -855
- Contingent Liabilities
- 1,335
- Book Value per Share
- 77.77
- Face Value
- 10.00
- Total Debt
- 1,962
- Net Working Capital
- -855
- Contingent Liabilities
- 1,335
- Book Value per Share
- 77.77
- Face Value
- 10.00
Mar 2019
- Equity Capital
- 755
- 5,822
- 1,334
- Trade Payables
- 754
- 2,821
- Total Liabilities
- 11,486
- 8,477
- Capital Work in Progress
- 421
- 270
- 57
- 0
- Cash & Bank
- 856
- 1,406
- Total Assets
- 11,486
- Total Debt
- 1,971
- Net Working Capital
- -1,925
- Contingent Liabilities
- 1,537
- Book Value per Share
- 87.12
- Face Value
- 10.00
- Total Debt
- 1,971
- Net Working Capital
- -1,925
- Contingent Liabilities
- 1,537
- Book Value per Share
- 87.12
- Face Value
- 10.00
Mar 2020
- Equity Capital
- 755
- 5,902
- 363
- Trade Payables
- 598
- 3,337
- Total Liabilities
- 10,955
- 8,802
- Capital Work in Progress
- 189
- 175
- 78
- 0
- Cash & Bank
- 266
- 1,445
- Total Assets
- 10,955
- Total Debt
- 1,354
- Net Working Capital
- -1,639
- Contingent Liabilities
- 1,755
- Book Value per Share
- 88.18
- Face Value
- 10.00
- Total Debt
- 1,354
- Net Working Capital
- -1,639
- Contingent Liabilities
- 1,755
- Book Value per Share
- 88.18
- Face Value
- 10.00
Mar 2021
- Equity Capital
- 755
- 5,363
- 303
- Trade Payables
- 548
- 3,815
- Total Liabilities
- 10,784
- 8,799
- Capital Work in Progress
- 163
- 186
- 77
- 0
- Cash & Bank
- 417
- 1,143
- Total Assets
- 10,784
- Total Debt
- 1,271
- Net Working Capital
- -199
- Contingent Liabilities
- 1,849
- Book Value per Share
- 81.04
- Face Value
- 10.00
- Total Debt
- 1,271
- Net Working Capital
- -199
- Contingent Liabilities
- 1,849
- Book Value per Share
- 81.04
- Face Value
- 10.00
Mar 2022
- Equity Capital
- 755
- 5,422
- 187
- Trade Payables
- 661
- 4,492
- Total Liabilities
- 11,516
- 9,416
- Capital Work in Progress
- 193
- 104
- 123
- 0
- Cash & Bank
- 413
- 1,267
- Total Assets
- 11,516
- Total Debt
- 966
- Net Working Capital
- -138
- Contingent Liabilities
- 2,392
- Book Value per Share
- 81.81
- Face Value
- 10.00
- Total Debt
- 966
- Net Working Capital
- -138
- Contingent Liabilities
- 2,392
- Book Value per Share
- 81.81
- Face Value
- 10.00
Mar 2023
- Equity Capital
- 755
- 6,486
- 131
- Trade Payables
- 714
- 4,004
- Total Liabilities
- 12,089
- 9,426
- Capital Work in Progress
- 228
- 210
- 123
- 0
- Cash & Bank
- 363
- 1,739
- Total Assets
- 12,089
- Total Debt
- 703
- Net Working Capital
- -163
- Contingent Liabilities
- 2,470
- Book Value per Share
- 95.91
- Face Value
- 10.00
- Total Debt
- 703
- Net Working Capital
- -163
- Contingent Liabilities
- 2,470
- Book Value per Share
- 95.91
- Face Value
- 10.00
Mar 2024
- Equity Capital
- 755
- 6,906
- 69
- Trade Payables
- 728
- 4,514
- Total Liabilities
- 12,971
- 9,874
- Capital Work in Progress
- 540
- 230
- 107
- 628
- Cash & Bank
- 598
- 994
- Total Assets
- 12,971
- Total Debt
- 858
- Net Working Capital
- -1,750
- Contingent Liabilities
- 2,622
- Book Value per Share
- 101.48
- Face Value
- 10.00
- Total Debt
- 858
- Net Working Capital
- -1,750
- Contingent Liabilities
- 2,622
- Book Value per Share
- 101.48
- Face Value
- 10.00
Mar 2025
- Equity Capital
- 755
- 8,160
- 43
- Trade Payables
- 808
- 3,611
- Total Liabilities
- 13,377
- 10,424
- Capital Work in Progress
- 404
- 169
- 115
- 784
- Cash & Bank
- 508
- 972
- Total Assets
- 13,377
- Total Debt
- 2,195
- Net Working Capital
- -136
- Contingent Liabilities
- 2,741
- Book Value per Share
- 118.08
- Face Value
- 10.00
- Total Debt
- 2,195
- Net Working Capital
- -136
- Contingent Liabilities
- 2,741
- Book Value per Share
- 118.08
- Face Value
- 10.00
Mar 2026
- Equity Capital
- 755
- 9,139
- 314
- Trade Payables
- 943
- 4,682
- Total Liabilities
- 15,833
- 12,230
- Capital Work in Progress
- 432
- 243
- 135
- 1,044
- Cash & Bank
- 544
- 1,205
- Total Assets
- 15,833
- Total Debt
- 2,873
- Net Working Capital
- -296
- Contingent Liabilities
- 2,910
- Book Value per Share
- 131.05
- Face Value
- 10.00
- Total Debt
- 2,873
- Net Working Capital
- -296
- Contingent Liabilities
- 2,910
- Book Value per Share
- 131.05
- Face Value
- 10.00
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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 966 | 493 | -179 | 172 | 485 | 865 | 822 | 1,100 | 1,424 | 1,601 | |
| Cash from Investing | -1,002 | -335 | -3,323 | 60 | -135 | -514 | -374 | -886 | -779 | -1,538 |
| Cash from Financing | 259 | -672 | 4,257 | -862 | -143 | -517 | -471 | -86 | -714 | 164 |
| 224 | -515 | 755 | -630 | 207 | -166 | -23 | 127 | -69 | 227 | |
| Free Cash Flow | -1,060 | 493 | -4,148 | -159 | 263 | -54 | 599 | 175 | 766 | -605 |
| OCF / Net Profit | 2.02 | -0.53 | 0.80 | 1.88 | -8.64 | 1.10 | 1.30 | 1.70 | 1.76 | 1.50 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | -4,611 | -3,605 | -3,498 | 825 | 1,749 | 881 |
| OCF / Net Profit | 2.02 | -0.53 | 0.80 | 1.88 | -8.64 | 1.10 | 1.30 | 1.70 | 1.76 | 1.50 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | -4,611 | -3,605 | -3,498 | 825 | 1,749 | 881 |
Mar 2017
- 966
- Cash from Investing
- -1,002
- Cash from Financing
- 259
- 224
- Free Cash Flow
- -1,060
- OCF / Net Profit
- 2.02
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 2.02
- Cumulative 5-Year FCF
- 0
Mar 2018
- 493
- Cash from Investing
- -335
- Cash from Financing
- -672
- -515
- Free Cash Flow
- 493
- OCF / Net Profit
- -0.53
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -0.53
- Cumulative 5-Year FCF
- 0
Mar 2019
- -179
- Cash from Investing
- -3,323
- Cash from Financing
- 4,257
- 755
- Free Cash Flow
- -4,148
- OCF / Net Profit
- 0.80
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.80
- Cumulative 5-Year FCF
- 0
Mar 2020
- 172
- Cash from Investing
- 60
- Cash from Financing
- -862
- -630
- Free Cash Flow
- -159
- OCF / Net Profit
- 1.88
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 1.88
- Cumulative 5-Year FCF
- 0
Mar 2021
- 485
- Cash from Investing
- -135
- Cash from Financing
- -143
- 207
- Free Cash Flow
- 263
- OCF / Net Profit
- -8.64
- Cumulative 5-Year FCF
- -4,611
- OCF / Net Profit
- -8.64
- Cumulative 5-Year FCF
- -4,611
Mar 2022
- 865
- Cash from Investing
- -514
- Cash from Financing
- -517
- -166
- Free Cash Flow
- -54
- OCF / Net Profit
- 1.10
- Cumulative 5-Year FCF
- -3,605
- OCF / Net Profit
- 1.10
- Cumulative 5-Year FCF
- -3,605
Mar 2023
- 822
- Cash from Investing
- -374
- Cash from Financing
- -471
- -23
- Free Cash Flow
- 599
- OCF / Net Profit
- 1.30
- Cumulative 5-Year FCF
- -3,498
- OCF / Net Profit
- 1.30
- Cumulative 5-Year FCF
- -3,498
Mar 2024
- 1,100
- Cash from Investing
- -886
- Cash from Financing
- -86
- 127
- Free Cash Flow
- 175
- OCF / Net Profit
- 1.70
- Cumulative 5-Year FCF
- 825
- OCF / Net Profit
- 1.70
- Cumulative 5-Year FCF
- 825
Mar 2025
- 1,424
- Cash from Investing
- -779
- Cash from Financing
- -714
- -69
- Free Cash Flow
- 766
- OCF / Net Profit
- 1.76
- Cumulative 5-Year FCF
- 1,749
- OCF / Net Profit
- 1.76
- Cumulative 5-Year FCF
- 1,749
Mar 2026
- 1,601
- Cash from Investing
- -1,538
- Cash from Financing
- 164
- 227
- Free Cash Flow
- -605
- OCF / Net Profit
- 1.50
- Cumulative 5-Year FCF
- 881
- OCF / Net Profit
- 1.50
- Cumulative 5-Year FCF
- 881
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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | - | - | - | - | - | - | - | - | - | - |
| EPS (₹) | 8.14 | -19.46 | -3.96 | 0.77 | -1.45 | 7.35 | 7.80 | 7.93 | 10.26 | 13.80 |
| Book Value (₹) | 99.01 | 77.77 | 87.12 | 88.18 | 81.04 | 81.81 | 95.91 | 101.48 | 118.08 | 131.05 |
| Dividend per Share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| Cash EPS (₹) | 13.55 | -13.41 | 0.12 | 5.08 | 3.11 | 14.45 | 12.57 | 13.08 | 15.83 | 20.05 |
| PROFITABILITY | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | 11.34% | 9.05% | 7.11% | 14.29% | 11.19% | 19.17% | 18.47% | 18.39% | 20.40% | 22.84% |
| Net Margin % | 10.48% | -20.49% | -5.01% | 1.98% | -1.39% | 13.82% | 10.05% | 9.36% | 10.40% | 11.66% |
| ROE % | 10.33% | -20.40% | -4.22% | 1.38% | -0.88% | 12.85% | 9.44% | 8.66% | 9.77% | 11.32% |
| ROCE % | 11.72% | -9.77% | 3.11% | 5.36% | 2.72% | 15.61% | 12.50% | 12.01% | 12.14% | 14.07% |
| 5.81% | -10.49% | -2.26% | 0.82% | -0.52% | 7.08% | 5.36% | 5.15% | 6.14% | 7.29% | |
| EFFICIENCY | - | - | - | - | - | - | - | - | - | - |
| Debtor Days | 37 | 38 | 41 | 39 | 42 | 31 | 32 | 32 | 33 | 37 |
| Inventory Days | 5 | 5 | 5 | 5 | 7 | 6 | 7 | 6 | 5 | 5 |
| Payable Days | 210 | 247 | 298 | 256 | 214 | 163 | 173 | 163 | 153 | 153 |
| -169 | -204 | -252 | -211 | -166 | -125 | -134 | -124 | -115 | -111 | |
| FINANCIAL HEALTH | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity (x) | 0.43x | 0.49x | 0.30x | 0.20x | 0.21x | 0.16x | 0.10x | 0.11x | 0.25x | 0.29x |
| Interest Coverage (x) | 3.40x | -2.54x | 0.67x | 2.17x | 1.26x | 7.73x | 7.30x | 7.55x | 6.46x | 5.34x |
| 0.92x | 0.60x | 0.46x | 0.36x | 0.84x | 0.89x | 0.88x | 0.45x | 0.92x | 0.86x | |
| GROWTH | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | 8.93% | -0.28% | -2.01% | 3.65% | -13.00% | 41.87% | 10.14% | 9.45% | 12.91% | 17.28% |
| Operating Profit Growth % | 45.14% | -20.44% | -23.07% | 108.48% | -31.89% | 143.08% | 6.09% | 12.28% | 26.73% | 29.05% |
| Net Profit Growth % | 1106.81% | -294.96% | 76.06% | 140.90% | -161.39% | 1506.38% | -19.87% | 1.93% | 25.44% | 31.48% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 1.72% | 29.28% | 34.56% | |
| VALUATION | - | - | - | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 52.93x | 68.11x | 57.58x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 4.14x | 5.92x | 6.06x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.24% | 0.14% | 0.13% |
| 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 24.47x | 32.89x | 29.18x |
Mar 2017
- EPS (₹)
- 8.14
- Book Value (₹)
- 99.01
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 13.55
- Operating Margin %
- 11.34%
- Net Margin %
- 10.48%
- ROE %
- 10.33%
- ROCE %
- 11.72%
- 5.81%
- Debtor Days
- 37
- Inventory Days
- 5
- Payable Days
- 210
- -169
- Debt to Equity (x)
- 0.43x
- Interest Coverage (x)
- 3.40x
- 0.92x
- Revenue Growth %
- 8.93%
- Operating Profit Growth %
- 45.14%
- Net Profit Growth %
- 1106.81%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2018
- EPS (₹)
- -19.46
- Book Value (₹)
- 77.77
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -13.41
- Operating Margin %
- 9.05%
- Net Margin %
- -20.49%
- ROE %
- -20.40%
- ROCE %
- -9.77%
- -10.49%
- Debtor Days
- 38
- Inventory Days
- 5
- Payable Days
- 247
- -204
- Debt to Equity (x)
- 0.49x
- Interest Coverage (x)
- -2.54x
- 0.60x
- Revenue Growth %
- -0.28%
- Operating Profit Growth %
- -20.44%
- Net Profit Growth %
- -294.96%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2019
- EPS (₹)
- -3.96
- Book Value (₹)
- 87.12
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 0.12
- Operating Margin %
- 7.11%
- Net Margin %
- -5.01%
- ROE %
- -4.22%
- ROCE %
- 3.11%
- -2.26%
- Debtor Days
- 41
- Inventory Days
- 5
- Payable Days
- 298
- -252
- Debt to Equity (x)
- 0.30x
- Interest Coverage (x)
- 0.67x
- 0.46x
- Revenue Growth %
- -2.01%
- Operating Profit Growth %
- -23.07%
- Net Profit Growth %
- 76.06%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2020
- EPS (₹)
- 0.77
- Book Value (₹)
- 88.18
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 5.08
- Operating Margin %
- 14.29%
- Net Margin %
- 1.98%
- ROE %
- 1.38%
- ROCE %
- 5.36%
- 0.82%
- Debtor Days
- 39
- Inventory Days
- 5
- Payable Days
- 256
- -211
- Debt to Equity (x)
- 0.20x
- Interest Coverage (x)
- 2.17x
- 0.36x
- Revenue Growth %
- 3.65%
- Operating Profit Growth %
- 108.48%
- Net Profit Growth %
- 140.90%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2021
- EPS (₹)
- -1.45
- Book Value (₹)
- 81.04
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 3.11
- Operating Margin %
- 11.19%
- Net Margin %
- -1.39%
- ROE %
- -0.88%
- ROCE %
- 2.72%
- -0.52%
- Debtor Days
- 42
- Inventory Days
- 7
- Payable Days
- 214
- -166
- Debt to Equity (x)
- 0.21x
- Interest Coverage (x)
- 1.26x
- 0.84x
- Revenue Growth %
- -13.00%
- Operating Profit Growth %
- -31.89%
- Net Profit Growth %
- -161.39%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2022
- EPS (₹)
- 7.35
- Book Value (₹)
- 81.81
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 14.45
- Operating Margin %
- 19.17%
- Net Margin %
- 13.82%
- ROE %
- 12.85%
- ROCE %
- 15.61%
- 7.08%
- Debtor Days
- 31
- Inventory Days
- 6
- Payable Days
- 163
- -125
- Debt to Equity (x)
- 0.16x
- Interest Coverage (x)
- 7.73x
- 0.89x
- Revenue Growth %
- 41.87%
- Operating Profit Growth %
- 143.08%
- Net Profit Growth %
- 1506.38%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2023
- EPS (₹)
- 7.80
- Book Value (₹)
- 95.91
- Dividend per Share (₹)
- 1.00
- Cash EPS (₹)
- 12.57
- Operating Margin %
- 18.47%
- Net Margin %
- 10.05%
- ROE %
- 9.44%
- ROCE %
- 12.50%
- 5.36%
- Debtor Days
- 32
- Inventory Days
- 7
- Payable Days
- 173
- -134
- Debt to Equity (x)
- 0.10x
- Interest Coverage (x)
- 7.30x
- 0.88x
- Revenue Growth %
- 10.14%
- Operating Profit Growth %
- 6.09%
- Net Profit Growth %
- -19.87%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2024
- EPS (₹)
- 7.93
- Book Value (₹)
- 101.48
- Dividend per Share (₹)
- 1.00
- Cash EPS (₹)
- 13.08
- Operating Margin %
- 18.39%
- Net Margin %
- 9.36%
- ROE %
- 8.66%
- ROCE %
- 12.01%
- 5.15%
- Debtor Days
- 32
- Inventory Days
- 6
- Payable Days
- 163
- -124
- Debt to Equity (x)
- 0.11x
- Interest Coverage (x)
- 7.55x
- 0.45x
- Revenue Growth %
- 9.45%
- Operating Profit Growth %
- 12.28%
- Net Profit Growth %
- 1.93%
- 1.72%
- P/E (x)
- 52.93x
- P/B (x)
- 4.14x
- Dividend Yield %
- 0.24%
- 24.47x
Mar 2025
- EPS (₹)
- 10.26
- Book Value (₹)
- 118.08
- Dividend per Share (₹)
- 1.00
- Cash EPS (₹)
- 15.83
- Operating Margin %
- 20.40%
- Net Margin %
- 10.40%
- ROE %
- 9.77%
- ROCE %
- 12.14%
- 6.14%
- Debtor Days
- 33
- Inventory Days
- 5
- Payable Days
- 153
- -115
- Debt to Equity (x)
- 0.25x
- Interest Coverage (x)
- 6.46x
- 0.92x
- Revenue Growth %
- 12.91%
- Operating Profit Growth %
- 26.73%
- Net Profit Growth %
- 25.44%
- 29.28%
- P/E (x)
- 68.11x
- P/B (x)
- 5.92x
- Dividend Yield %
- 0.14%
- 32.89x
Mar 2026
- EPS (₹)
- 13.80
- Book Value (₹)
- 131.05
- Dividend per Share (₹)
- 1.00
- Cash EPS (₹)
- 20.05
- Operating Margin %
- 22.84%
- Net Margin %
- 11.66%
- ROE %
- 11.32%
- ROCE %
- 14.07%
- 7.29%
- Debtor Days
- 37
- Inventory Days
- 5
- Payable Days
- 153
- -111
- Debt to Equity (x)
- 0.29x
- Interest Coverage (x)
- 5.34x
- 0.86x
- Revenue Growth %
- 17.28%
- Operating Profit Growth %
- 29.05%
- Net Profit Growth %
- 31.48%
- 34.56%
- P/E (x)
- 57.58x
- P/B (x)
- 6.06x
- Dividend Yield %
- 0.13%
- 29.18x
Documents
Announcements
- Analysts/Institutional Investor Meet/Con. Call Updates
2026-08-11 - Fortis Healthcare Limited has informed the Exchange about Transcript
- Shareholders meeting
2026-08-11 - Fortis Healthcare Limited has informed the Exchange about Shareholders meeting
Annual Reports
Credit Ratings
- Credit Rating
2026-01-06 - Fortis Healthcare Limited has informed the Exchange about Credit Rating
- Credit Rating
2025-09-01 - Fortis Healthcare Limited has informed the Exchange about Credit Rating
Concalls
Aug 2026
May 2026
Feb 2026