Artemis Medicare Services Ltd

Artemis Medicare Services Ltd

₹ 280 3.86%
14 Nov - close price
About

Artemis Medicare Services Ltd (AMSL) was incorporated on 2004, by the promoters of the Apollo Tyres Group, is engaged in healthcare business. AMSL operates a 541-bedded multi-specialty tertiary care hospital in Gurgaon. The specialty areas for AMSL include Orthopaedics, Oncology, Cardiovascular, Neurosciences and Bariatric & Minimally Invasive Surgery. ASML has been awarded with the NABH and JCI accreditation. AMSL has also diversified its presence through Artemis Daffodil , Artemis Lite, Artemis Cardiac Care and Artemis Solace models. [1][2]

Key Points

Geographical Revenue Break-up 9MFY24:[1]
Domestic : ~76%
Outside India : ~24%

  • Market Cap 3,854 Cr.
  • Current Price 280
  • High / Low 305 / 141
  • Stock P/E 69.1
  • Book Value 33.0
  • Dividend Yield 0.16 %
  • ROCE 13.6 %
  • ROE 11.5 %
  • Face Value 1.00

Pros

Cons

  • Stock is trading at 8.49 times its book value
  • Company has a low return on equity of 10.3% over last 3 years.
  • Promoters have pledged 44.5% of their holding.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Healthcare Industry: Healthcare

Part of BSE Healthcare BSE SmallCap BSE Allcap

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024
122 139 144 149 167 187 187 195 210 225 219 225 223
109 119 126 132 148 164 162 170 182 191 186 187 187
Operating Profit 13 20 18 17 19 23 26 26 28 34 33 38 36
OPM % 11% 14% 12% 11% 11% 13% 14% 13% 13% 15% 15% 17% 16%
1 1 1 1 2 1 1 2 1 2 2 2 4
Interest 2 3 3 4 4 5 5 5 7 8 8 9 8
Depreciation 5 5 6 6 7 7 8 9 9 10 10 11 11
Profit before tax 6 13 10 8 11 13 13 14 13 19 16 20 22
Tax % 41% 36% 36% -61% 22% 31% 23% 24% 26% 28% 29% 29% 24%
4 8 6 13 8 9 10 11 10 14 12 14 17
EPS in Rs 0.29 0.62 0.49 1.00 0.63 0.68 0.78 0.79 0.72 1.00 0.85 1.04 1.22
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
547 565 408 555 737 879 892
481 503 373 487 643 746 751
Operating Profit 66 62 35 68 94 133 141
OPM % 12% 11% 9% 12% 13% 15% 16%
2 4 7 3 7 7 10
Interest 11 13 13 12 20 31 33
Depreciation 20 23 22 22 31 40 42
Profit before tax 37 31 8 37 51 68 77
Tax % 45% 36% 18% 16% 25% 28%
20 19 6 31 38 49 56
EPS in Rs 0.97 1.49 0.49 2.40 2.88 3.62 4.11
Dividend Payout % 0% 0% 0% 0% 16% 12%
Compounded Sales Growth
10 Years: %
5 Years: 10%
3 Years: 29%
TTM: 14%
Compounded Profit Growth
10 Years: %
5 Years: 18%
3 Years: 103%
TTM: 42%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 98%
1 Year: 68%
Return on Equity
10 Years: %
5 Years: 8%
3 Years: 10%
Last Year: 12%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 13 13 13 13 13 14
Reserves 280 300 307 346 390 435
114 113 147 201 286 320
147 160 133 149 216 203
Total Liabilities 554 586 600 710 905 972
381 393 383 489 605 719
CWIP 49 56 81 64 95 33
Investments 0 0 0 0 0 0
124 137 136 157 205 219
Total Assets 554 586 600 710 905 972

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
40 56 27 60 127 109
-50 -26 -37 -107 -158 -87
14 -27 18 44 38 -30
Net Cash Flow 5 2 8 -3 7 -8

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 52 49 49 48 46 39
Inventory Days
Days Payable
Cash Conversion Cycle 52 49 49 48 46 39
Working Capital Days -26 -28 -16 -9 -26 -13
ROCE % 10% 4% 10% 11% 14%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
69.82% 69.82% 69.59% 69.27% 68.91% 68.91% 68.03% 68.03% 68.03% 68.03% 67.51% 67.17%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.07% 0.09% 0.11% 0.10% 0.16% 0.21%
1.22% 1.10% 0.91% 0.90% 1.15% 1.37% 1.41% 1.51% 1.96% 2.61% 3.45% 3.60%
7.37% 7.37% 7.34% 7.31% 7.27% 7.27% 7.18% 7.18% 7.18% 7.18% 7.12% 7.09%
21.59% 21.71% 22.17% 22.53% 22.65% 22.43% 23.30% 23.18% 22.72% 22.08% 21.76% 21.93%
No. of Shareholders 12,82712,09815,17714,63717,99518,10019,08220,52922,37519,99319,79526,054

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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