Fortis Healthcare Ltd
About
Fortis Healthcare is a leading healthcare provider in India operating 31 hospitals, and 400+ diagnostics centres across the country. Fortis offers tertiary and quaternary care across multiple specialities like cardiac care, oncology, orthopaedics, neurosciences, renal care, and paediatrics. The Malaysian player, IHH Healthcare Berhad, acquired a majority stake of 31% in the company in November 2018.Seeking to establish a global presence, Fortis has expanded into the United Arab Emirates, Nepal and Sri Lanka alongside its operations in 10 Indian cities. Fortis has remained at the forefront of healthcare innovation in the country, becoming the first hospital in South Asia to use the advanced 3D Electro-Anatomical Mapping Carto 7 machine for making treatment decisions.
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Financial Data 2024
Fortune India Coverage
Financial Data
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (INR Cr) | 7224 7.9% | 6696 5.6% | 6344 48.9% | 4261 -13.6% | 4930 -2.0% | 5028 3.6% | 4854 -8.7% | 5313 15.1% | 4616 11.5% | 4139 11.1% | 3724 -12.4% | 4251 49.5% | 2843 44.5% | 1967 95.7% | 1005 48.5% | 677 - |
| Net Operating Income (INR Cr) | 7176 9.74% | 6539 10.24% | 5931 42.34% | 4167 -12.85% | 4782 4.45% | 4578 -1.52% | 4649 -0.18% | 4657 8.26% | 4302 6.45% | 4041 13.62% | 3557 14.57% | 3104 17.03% | 2652 74.41% | 1521 59.10% | 956 48.92% | 642 20.13% |
| Profit (INR Cr) | 599 1.7% | 589 6.1% | 555 - | -110 - | 58 - | -299 - | -1009 - | 422 2189.1% | 18 - | -144 - | -219 - | 500 592.3% | 72 -41.9% | 124 79.0% | 69 233.7% | 21 - |
| Assets (INR Cr) | 9859 -8.4% | 10768 3.0% | 10456 4.9% | 9964 12.2% | 8885 -3.6% | 9215 25.2% | 7359 -14.4% | 8600 33.8% | 6428 -5.0% | 6769 -4.2% | 7066 -41.3% | 12033 8.3% | 11110 154.7% | 4361 -41.0% | 7392 370.5% | 1571 - |
| Net Worth (INR Cr) | 7663 5.8% | 7242 17.2% | 6178 1.0% | 6120 -8.1% | 6661 0.9% | 6601 62.5% | 4062 -21.0% | 5143 15.3% | 4461 10.2% | 4048 -5.5% | 4282 15.5% | 3707 27.9% | 2899 -1.1% | 2932 94.3% | 1509 120.9% | 683 -7.8% |
| Employee Cost (INR Cr) | 1120 6.9% | 1047 7.6% | 973 14.3% | 851 -7.4% | 919 0.3% | 917 1.6% | 902 -0.9% | 910 9.6% | 830 7.4% | 773 11.3% | 695 10.8% | 628 13.9% | 551 102.0% | 273 39.9% | 195 32.3% | 147 - |
| Interest Cost (INR Cr) | 131 | 129 | 147 | 166 | 205 | 337 | 258 | 229 | 133 | 152 | 250 | 461 | 251 | 250 | 57 | 44 |
| Cash & Bank Balance (INR Cr) | 598 | 363 | 413 | 417 | 266 | 856 | 220 | 547 | 167 | 190 | 259 | 512 | 415 | 163 | 1311 | 58 |
| Total Debt (INR Cr) | 1155 | 926 | 1255 | 1531 | 1594 | 2010 | 1962 | 2217 | 1513 | 1784 | 1880 | 6471 | 6863 | 985 | 5471 | 479 |
Key Financial Ratios
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profit As % Of Revenues | 8.3% | 8.8% | 8.8% | - | 1.2% | - | - | 7.9% | 0.4% | - | - | 11.8% | 2.5% | 6.3% | 6.9% | 3.1% |
| Profit As % Of Assets | 6.1% | 5.5% | 5.3% | - | 0.7% | - | - | 4.9% | 0.3% | - | - | 4.2% | 0.7% | 2.9% | 0.9% | 1.3% |
| Profit As % Of Networth | 7.8% | 8.1% | 9.0% | - | 0.9% | - | - | 8.2% | 0.4% | - | - | 13.5% | 2.5% | 4.2% | 4.6% | 3.1% |
| Interest Cost to EBITDA % | 10.3% | 11.7% | 13.7% | 41.0% | 33.6% | - | - | 65.7% | 170.3% | 146.5% | 532.5% | 194.4% | 74.5% | 417.7% | 40.5% | 50.9% |
| Debt to Equity Ratio | 0.15 | 0.13 | 0.20 | 0.25 | 0.24 | 0.30 | 0.48 | 0.43 | 0.34 | 0.44 | 0.44 | 1.75 | 2.37 | 0.34 | 3.63 | 0.70 |
| RONW | 7.8% | 6.8% | 7.5% | - | 1.2% | - | - | 10.0% | 0.5% | - | - | -6.9% | 1.9% | -7.8% | 4.5% | 1.9% |
| ROCE | 9.7% | 7.5% | 7.8% | 0.0% | 4.1% | 0.0% | 0.0% | 11.6% | 2.9% | -0.5% | 0.4% | 1.2% | 4.8% | 1.0% | 2.8% | 4.8% |