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Fortis Malar Hospitals

523696
Micro Cap
(%) 1D
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Fortis Malar Hospitals Share price and Fundamental Analysis

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Fortis Malar Hospital Limited (formerly known as Malar Hospital Limited) was established in April 13, 1989 to set up, manage and operate a multi-specialty hospital. The Hospital was acquired by Fortis Group in early 2008. The hospital founded in 1989, has established itself as one of the largest corporate hospitals in Chennai, providing quality super specialty and multi-speciality healthcare services. With a total bed-strength of 160, including 40 ICU/CCU/RTU beds, the hospital focuses on providing comprehensive medical care in the areas of Cardiology and Cardiac Surgery, Neuro Surgery, Gynaecology, Orthopedics, Gastroenterology, Neurology, Pediatrics, Diabetics, Nephrology and Internal Medicine
Company Incorporation1989
ChairmanDaljit Singh
Head QuartersNA
Previous NameNA

Key Metrics

Market Cap (Cr)
138.71
PE Ratio
352.43
Industry P/E
63.46
PEG Ratio
-3.56
ROE
1.3%
ROCE
1.91%
ROA
1.09%
Total Debt (Cr)
0
Debt to Equity
0
Dividend Yield
0%
EPS
0.21
Book Value & P/B
15.98 x 4.63
Face Value
10
Outstanding Shares(Cr)
1.87
Current Ratio
5.15
EV to Sales
0

Stock Returns

1 Week-0.72%
1 Month-3.31%
6 Months+19.27%
1 Year+3.48%
3 Years+34.45%
5 Years+62.89%

CAGR

1 Year CAGR

Revenue Growth

-31.35%

Net Profit Growth

-392.78%

Operating Profit Growth

+468.05%

Dividend Growth

N/A

Stock Returns CAGR

-1.44%
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Mar 25

Promoters : 62.71%

FIIs : 0.00%

DIIs : 0.07%

Public : 37.22%

Promoter
FII/FPI
DII
Public
Promoter Pledge stands at 0.0% of holding in March 2025 Qtr

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Fortis Malar Hospitals Management and History

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Company History

Fortis Malar Hospital Limited (formerly known as Malar Hospital Limited) was established in April 13, 1989 to set up, manage and operate a multi-specialty hospital. The Hospital was acquired by Fortis Group in early 2008. The hospital founded in 1989, has established itself as one of the largest corporate hospitals in Chennai, providing quality super specialty and multi-speciality healthcare services. With a total bed-strength of 160, including 40 ICU/CCU/RTU beds, the hospital focuses on providing comprehensive medical care in the areas of Cardiology and Cardiac Surgery, Neuro Surgery, Gynaecology, Orthopedics, Gastroenterology, Neurology, Pediatrics, Diabetics, Nephrology and Internal Medicine

All the above departments are fully became operational under phase I of the project. The second phase of the project envisages enhacement of the number of beds from 100 to 250 beds at an cost of Rs.2120 lacs. To part the project the company came into rights issues during 1995.

The Hospital have started performing Cardio Thoracic surgeries with effect from 13-10-2003. Dr.K M Cherian is leading this cardio Thoracic department. He has won several awards and honors including Padmashree award from the Government. Dr.K M Cherian has conducted around 26,200 cardio thoracic cases including infant heart surgery, heart transplants, paediatric heart transplants and heart and lung transplants. This type of surgery will bring more revenue to the hospital in the comming years. With Dr.K M Cherian at command of cardio thoracic team, the future looks bright.

On 7th September 2007 the Company and the Promoters of the Company entered into a Loan, Share Subscription and Share Purchase Agreement (LSSSPA) with International Hospital Ltd, a wholly owned subsidiary of Fortis Healthcare Limited and Oscar Investments Ltd (Acquirer) for the sale of 39,00,000 Equity Shares by the Promoters of the Company and for availing a loan of Rs 14 crores from the Acquirers, convertible into Equity Shares of the Company. Further, the Acquirer Companies acquired 39,00,000 Equity Shares from the Promoters of the Companies on 18th February 2008 which together with their existing holding, constituted 62.17% of the Share Capital of the Company. The Management and Control of Affairs of Company is now with the Acquirers, who consequently shall act as Promoters of the Company.

On, 7th July, 2009, Company incorporated a wholly owned subsidiary viz. Malar Stars Medicare Limited.

The Board of Directors of Company on August 19, 2016 approved a Composite Scheme of Arrangement and Amalgamation between Company, Fortis Healthcare Limited (FHL), SRL Limited (SRL) and their respective Shareholders and Creditors for (i) the transfer of the undertaking, business and operations of the Company as a going concern, by way of slump sale, from the Company to FHL, (ii) the transfer by way of a demerger of the undertakings, business, activities and operations of FHL, pertaining to diagnostics business of FHL (Demerged Undertaking) to Company, and consequent issue of Equity Shares by Company to Shareholders of FHL; (iii) amalgamation of all the undertakings and entire business of SRL with Company and dissolution of SRL without winding up; the consequent issue of equity shares by Company to the Shareholders of SRL and the cancellation of equity shares of SRL held by Company and various other matters consequential or otherwise integrally connected therewith. Further, National Company Law Tribunal, Chandigarh, vide its order dated June 15, 2018 approved the scheme as withdrawn and accordingly, as on date, the Scheme was terminated by Company, SRL and FHL.

Pursuant to execution of Share Subscription Agreement on July 13, 2018 (SSA), Northern TK Venture Pte Ltd (NTK or the Acquirer), a wholly owned subsidiary of IHH Berhard, subscribed to 235,294,117 new equity shares of Fortis Healthcare Limited (FHL) with a face value of Rs 10 each, constituting approximately 31.1% of the total voting equity share capital of FHL on a fully diluted basis for a total consideration of Rs 4,000 crore and FHL issued and allotted the Subscription Shares by way of preferential allotment in accordance with the terms of the SSA. As a consequence of Subscription, the Acquirer together with IHH Healthcare Berhad (PAC 1) and Parkway Pantai Limited (PAC 2), made a mandatory Open Offer, by filing a Public Announcement dated July 13, 2018. The Subscription completed in accordance with the terms of the SSA on November 13, 2018 and NTK became the controlling shareholder of FHL.

Fortis Malar Hospitals Share Price

Fortis Malar Hospitals share price reflects investor sentiment toward the company and is impacted by various factors such as financial performance, market trends, and economic conditions. Share price is an indicator which shows the current value of the company's shares at which buyers or sellers can transact.

Fortis Malar Hospitals Market Cap

Market capitalization of Fortis Malar Hospitals indicates the total value of its outstanding shares. Marketcap is calculated by multiplying share price and outstanding shares of the company. It is a helpful metric for assessing the company's size and market Valuation. It also helps investors understand how Fortis Malar Hospitals is valued compared to its competitors.

Fortis Malar Hospitals PE Ratio

Fortis Malar Hospitals PE ratio helps investors understand what is the market value of each stock compared to Fortis Malar Hospitals 's earnings. A PE ratio higher than the average industry PE could indicate an overvaluation of the stock, whereas a lower PE compared to the average industry PE could indicate an undervaluation.

Fortis Malar Hospitals PEG Ratio

The PEG ratio of Fortis Malar Hospitals evaluates its PE ratio in relation to its growth rate. A PEG ratio of 1 indicates a fair value, a PEG ratio of less than 1 indicates undervaluation, and a PEG ratio of more than 1 indicates overvaluation.

Fortis Malar Hospitals ROE (Return on Equity)

Return on Equity (ROE) measures how effectively Fortis Malar Hospitals generates profit from shareholders' equity. A higher ROE of more than 20% indicates better financial performance in terms of profitability.

Fortis Malar Hospitals ROCE (Return on Capital Employed)

Return on Capital Employed (ROCE) evaluates the profitability of Fortis Malar Hospitals in relation to its capital employed. In simple terms, ROCE provides insight to investors as to how well the company is utilizing the capital deployed. A high ROCE of more than 20% shows that the business is making profitable use of its capital.

Fortis Malar Hospitals Total Debt

Total debt of Fortis Malar Hospitals shows how much the company owes to either banks or individual creditors. In simple terms, this is the amount the company has to repay. Total debt can be a very useful metric to show the financial health of the company. Total debt more than equity is considered to be a bad sign.

Fortis Malar Hospitals Debt to Equity Ratio

The Debt-to-Equity (DE) ratio of Fortis Malar Hospitals compares its total debt to shareholders' equity. A higher Debt to Equity ratio could indicate higher financial risk, while a lower ratio suggests that the company is managing its debt efficiently.

Fortis Malar Hospitals CAGR (Compound Annual Growth Rate)

CAGR shows the consistent growth rate of Fortis Malar Hospitals over a specific period, whether it is over a month, a year, or 10 years. It is a key metric to evaluate the company’s long-term growth potential. Main metrics for which CAGR is calculated are net sales, net profit, operating profit, and stock returns.

Fortis Malar Hospitals Technical Analysis

Technical analysis of Fortis Malar Hospitals helps investors get an insight into when they can enter or exit the stock. Key components of Fortis Malar Hospitals Technical Analysis include:

Support Levels (S1, S2, S3)

There are usually multiple support levels, but the main support levels for a stock are S1, S2, S3. Support levels indicate price points where stock might get support from buyers, helping the stock stop falling and rise.

Resistance Levels (R1, R2, R3)

There are usually multiple resistance levels, but the main resistance levels for a stock are R1, R2, R3. Resistance levels represent price points where Fortis Malar Hospitals shares often struggle to rise above due to selling pressure.

Fortis Malar Hospitals Dividends

Dividends refer to the portion of the company’s profits distributed to its shareholders. Dividends are typically paid out in cash and reflect Fortis Malar Hospitals ’s financial health and profitability.

Fortis Malar Hospitals Bonus Shares

Bonus shares are usually given by companies to make the stock more affordable, increase liquidity, boost investor confidence, and more.

Fortis Malar Hospitals Stock Split

Stock split increases the number of its outstanding shares by dividing each existing share into multiple shares. When the company offers a stock split, the face value of the stock reduces in the same proportion as the split ratio.

Fortis Malar Hospitals Financials

The financials of Fortis Malar Hospitals provide a complete view to investors about its net sales, net profit, operating profits, expenses, and overall financial health. Investors can analyze financial data to assess the company’s stability and also understand how the company has been growing financially.

Fortis Malar Hospitals Profit and Loss Statements

The profit and loss statement of Fortis Malar Hospitals highlights its net sales, net profit, total expenditure, and operating profits in the current financial year. This Profit and Loss statement is crucial for evaluating the profitability and financial stability of Fortis Malar Hospitals .

Fortis Malar Hospitals Balance Sheet

The balance sheet presents a snapshot of Fortis Malar Hospitals ’s assets, liabilities, and equity of shareholders, providing insights into the financials of the company.

Fortis Malar Hospitals Cashflow Statements

Cashflow statements track the company's cash inflows and outflows over a period. It is an essential tool for understanding how well the company manages its liquidity and finances.

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