Fortis Healthcare Ltd

FORTIS
Health CareHospitals & Diagnostic Centres
MidcapWith a market cap of ₹20,100 cr, stock is ranked 231
Moderate RiskStock is 2.41x as volatile as Nifty
266.259.75 (-3.53%)

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Health CareHospitals & Diagnostic Centres
MidcapWith a market cap of ₹20,100 cr, stock is ranked 231
Moderate RiskStock is 2.41x as volatile as Nifty

Key Metrics

PE RatioPE Ratio
-183.13
PB RatioPB Ratio
2.99
Dividend YieldDiv. Yield
Sector PESector PE
36.52
Sector PBSector PB
4.86
Sector Div YldSctr Div Yld
0.71%

Forecast & RatingsDetailed Forecast 

100%

Analysts have suggested that investors can buy this stock

Price

Price Upside

Pro Only

Earnings

Earnings Growth

Pro Only

Revenue

Rev. Growth

Pro Only

See Detailed Forecast

Company Profile

Fortis Healthcare Limited is an integrated healthcare delivery service provider. The Company is engaged in establishing, administering hospitals, diagnostic centers and research centers.

Brands

Fortis

Integrated healthcare delivery service provider

Investor PresentationView older 

Nov 12, 2021

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Brands

Fortis

Integrated healthcare delivery service provider

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Financial TrendFinancial statements 

20182019202020214.855.044.914.26-1.01-0.300.06-0.11
Revenue
Profit
Loss
All values in ₹ Thousand cr.
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Holdings TrendDetailed holdings 

Total Promoter Holding
Increasing promoter holding is considered good and reflects management’s positive view about the future outlook

In last 6 months, promoter holding in the company has almost stayed constant

Low Pledged Promoter Holding
Lower pledged promoter holdings is considered better

Pledged promoter holdings is insignificant

Mutual Fund Holding
Increasing Mutual Fund holdings are generally considered good, as it reflects that fund managers are becoming more bullish about the stock

In last 3 months, mutual fund holding of the company has almost stayed constant

See detailed holdings

Recent EventsAll events 

Updates 
Announced OnJan 18, 2022

In continuation to intimation made by the Company on January 13, 2022, this is to inform you that the Company has completed dispatch of postal ballot notice to its members on January 17, 2022 for seeking approval of the members by way of Special Resolution on the proposal detailed in Company s earlier intimation.Further, copies of newspaper advertisements published on January 18, 2022 in the columns of English daily Financial Express , all editions and Punjabi daily Rozana Spokesman , Mohali edition, inter-alia, intimating completion of the electronic transmission of Postal Ballot Notice along with the Postal Ballot Form to the Members, are enclosed for kind reference. This is for your kind information and records. | Download

In continuation to intimation made by the Company on January 13, 2022, this is to inform you that the Company has completed dispatch of postal ballot notice to its members on January 17, 2022 for seeking approval of the members by way of Special Resolution on the proposal detailed in Company s earlier intimation.Further, copies of newspaper advertisements published on January 18, 2022 in the columns of English daily Financial Express , all editions and Punjabi daily Rozana Spokesman , Mohali edition, inter-alia, intimating completion of the electronic transmission of Postal Ballot Notice along with the Postal Ballot Form to the Members, are enclosed for kind reference. This is for your kind information and records. | Download

Shareholders meeting 
Announced OnJan 13, 2022

In compliance of Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 (SEBI LODR), this is to inform you that the Company is in process of issuing postal ballot notice to its members for seeking their approval by way of Special Resolution on the following proposal:a) Approval for entering into a Material Contract by Fortis Malar Hospitals Limited, a step-down subsidiary of the Company.A copy of the postal ballot notice along with ballot form is enclosed for kind reference. Further, the said notice will be dispatched to the shareholders in early next week. An intimation with respect to completion of dispatch and related compliance will be sent once the dispatch is complete.This is for your kind information and records. | Download

In compliance of Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 (SEBI LODR), this is to inform you that the Company is in process of issuing postal ballot notice to its members for seeking their approval by way of Special Resolution on the following proposal:a) Approval for entering into a Material Contract by Fortis Malar Hospitals Limited, a step-down subsidiary of the Company.A copy of the postal ballot notice along with ballot form is enclosed for kind reference. Further, the said notice will be dispatched to the shareholders in early next week. An intimation with respect to completion of dispatch and related compliance will be sent once the dispatch is complete.This is for your kind information and records. | Download

Updates 
Announced OnJan 10, 2022

This is to inform you that M/s. Emqore Envesecure Private Capital Trust ( Emqore ), a trust settled under the laws of Wyoming 82001, has filed a suit / complaint, bearing reference number 2:20-cv-07324-KM-JBC ( Complaint ), against 28 named defendants and 21 non-party defendants, including Fortis Healthcare Limited ( FHL ) and IHH Healthcare Berhad ( IHH ), the holding company of Northern TK Venture Pte Ltd. ( the Promoter of FHL ), before the United States District Court, District of New Jersey, USA. The Complaint has not yet been served on FHL under the Hague Convention on the Service Abroad of Judicial and Extrajudicial Documents in Civil or Commercial Matters ( Hague Convention ). The Complaint has been filed for the alleged violation of, inter-alia, the U.S. Racketeer, Influenced and Corrupt Organizations Act, 28 U.S.C. ᅡᄃ 1961, copyright infringement, tortious interference with contracts, etc. and has claimed damages in excess of USD 6.5 billion against all the Defendants. Based on legal advice, FHL believes that it has strong grounds in its favour for dismissal of the allegations against it in the Complaint and in view of the same, at this juncture, the Complaint is not expected to have any financial or operational implications on FHL. If and when the Complaint will be served on FHL in accordance with the applicable laws / Convention, FHL will take necessary legal actions for seeking dismissal of the Complaint under the relevant provisions of law.We request you to kindly take the above information on record. | Download

This is to inform you that M/s. Emqore Envesecure Private Capital Trust ( Emqore ), a trust settled under the laws of Wyoming 82001, has filed a suit / complaint, bearing reference number 2:20-cv-07324-KM-JBC ( Complaint ), against 28 named defendants and 21 non-party defendants, including Fortis Healthcare Limited ( FHL ) and IHH Healthcare Berhad ( IHH ), the holding company of Northern TK Venture Pte Ltd. ( the Promoter of FHL ), before the United States District Court, District of New Jersey, USA. The Complaint has not yet been served on FHL under the Hague Convention on the Service Abroad of Judicial and Extrajudicial Documents in Civil or Commercial Matters ( Hague Convention ). The Complaint has been filed for the alleged violation of, inter-alia, the U.S. Racketeer, Influenced and Corrupt Organizations Act, 28 U.S.C. ᅡᄃ 1961, copyright infringement, tortious interference with contracts, etc. and has claimed damages in excess of USD 6.5 billion against all the Defendants. Based on legal advice, FHL believes that it has strong grounds in its favour for dismissal of the allegations against it in the Complaint and in view of the same, at this juncture, the Complaint is not expected to have any financial or operational implications on FHL. If and when the Complaint will be served on FHL in accordance with the applicable laws / Convention, FHL will take necessary legal actions for seeking dismissal of the Complaint under the relevant provisions of law.We request you to kindly take the above information on record. | Download

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