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FORTIS HEALTHCARE LTD.172.40 6.70 (4.04%)

  • BSE: 500940
  • |
  • NSE: FORTIS
  • |
  • ISIN NO: INE061F01013
  • |
  • INDUSTRY: Healthcare Facilities
Profile

FORTIS

FORTIS

Its registered office was originally located at 25, Nehru Place, New Delhi 110 019, India. According to a Board resolution as of September 16, 2003, and then the registered office was being shifted to B- 9, Maharani Bagh, New Delhi 110 065, India. Soon after, according to the Board resolution as of February 10, 2006, then the registered office of the company was being shifted to Piccadily House, 275- 276, 4th Floor, Captain Gaur Marg, Srinivas Puri, New Delhi 11 ... 0 065, India that is also the current Registered Office.

Some of the Milestones:

  • June 2001: The commissioning of Fortis Hospital, Mohali took place.
  • August 2003: The inauguration and commissioning of Fortis Hospital, Amritsar took place.
  • October 2003: It executed an agreement with Seth Jessa Ram as well as Bros Charitable Hospital Trust for both the operation and management of Jessa Ram Hospital, New Delhi.
  • August 200: Also, the commissioning of Fortis Hospital, Noida.
  • September 2005: It acquired 90% of the equity share capital of the Escorts Heart Institute and Research Centre Limited that resulted in the acquisition of EHSSIL, EHCL, EHSSHL, and EHRCL.
  • January 2006:
  • It signed an agreement with Sunrise Medicare Private Limited for the operation and management of Fortis La Femme, New Delhi, and also the acquisition of about 5% equity interest in Sunrise Medicare Private Limited, along with an option to acquire additional equity shares.
  • It signed an agreement with Khalil Public Welfare Trust for the operation and the maintenance of Khyber Medical Institute, Srinagar.
  • March 2006:
  • It acquired 99.99% of the paid-up equity share capital of International Hospital Limited that resulted in the acquisition of Fortis Hospital, Noida.
  • It acquired 100% of the paid-up equity share capital of the Oscar Bio-Tech Private Limited
  • 2004: It inked a deal with Jessa Ram Hospital to take over the management of the hospital.
  • 2005:
  • It rolled out the Golden Age Club.
  • It bought the Escorts Heart.
  • Its healthcare signed $33.33m pre-IPO deals.
  • It was being incorporated as of February 28, 1996, as Rancare Limited under the Companies Act.
  • Also, on June 20, 1996, its name was changed to the present one-Fortis Healthcare Limited. It also received the certificate of commencement of business as of July 1, 1996.
  • 2006:
  • It bought a majority stake in Trehan`s Medicity.
  • Also, Fortis Healthcare signed a $33.33m pre-IPO deals.
  • 2007:
  • It also joined hands with the US hearing aid maker Starkey for its audible range and is also looking to offer dental services at its Health stores soon too.
  • The Colgate-Palmolive India, which is the market leader in toothpaste in India, also declared the acquisition of 3 domestic companies in south India. It purchased 75% equity in Advanced Oral Care Products (in Goa), Professional Oral Care Products (in Goa) and SS Oral Hygiene Products (in Hyderabad).
  • It also acquired Hiranandani Hospital.
  • 2009:
  • It completed the Wockhardt Hospital Acquisition.
  • It signed a $15 mn outsourcing deal with HCL.
  • Also, it issues rights in the ratio of 2:5.
  • 2010:
  • About 25% stake in Parkway Holdings, which is Asia’s largest private healthcare provider.
  • Also, "Fortis Healthcare infuses USD 100 Million."
  • It also increased stake in Parkway.
  • The Government of Singapore Investment Corp (or GIC) joined hands with the Fortis at the strategic level.
  • It also entered into a pact with two hospitals in Dubai and Tanzania to set up specialized medical facilities.
  • It declared its foray into Speciality Medical Centres and focused on the management of diabetes, metabolic diseases, and endocrinology.
  • 2011:
  • Also, a MoU was signed by Fortis Healthcare Ltd with the University of Utah to develop courses for the Emergency Medical Technicians.
  • Also, through its wholly-owned subsidiary, it entered into an agreement with Cauvery Hospital Limited, Mysore, in which Fortis would set up, operate, and even manage a Cardiac Centre in the hospital.
  • Its name was changed to Fortis Healthcare (India) Limited as of April 11, 2011.
  • It announced to buy an 86% stake in Super Religare Laboratories Ltd (or SRL).
  • It announced new hospitals in Hyderabad and Agra.
  • 2012:
  • Also, "Fortis received INR 3700 Mn Equity infusion in SRL via IFC and NYLIM Jacob Ballas India."
  • It also raised about $510 mn via Singapore IPO.
  • Also, the company name was changed from Fortis Healthcare (India) Ltd. to Fortis Healthcare Ltd.
  • 2013:
  • Also, "Fortis launched its Flagship Hospital, which is one of the first of its kind in Asia Bridges the gap for the expert talent, and trans-disciplinary, and quaternary care."
  • And, "Fortis to divest stake in Quality Healthcare to Bupa for US$ 355 million Intensifies Focus on the Healthcare Delivery in India."
  • 2016:
  • It had a fully acquired Religare Health Trust Trustee Manager for USD 14.9 million (about INR 100 crore).
  • It also received the CCI nod for internal reorganization.
  • It was first in India to Monitor and Publish Clinical Outcomes for Cardiology.
  • It launched a National helpline for students and parents to help deal exam stress.
  • 2017: It acquired Hiranandani Healthcare Private Limited, and Fortis Healthcare Holdings Private Limited and RHC Holding Private Limited.

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Key Data
  • Market cap 10343.00 CR.
  • Book value 117.58
  • Stock P/E 0
  • Dividend Yield 0.00%
  • ROCE 9.07%
  • ROE 7.15%
  • Sales Growth (3Y) 2.85%
  • Face Value (3Y) 10.00
Trend Analysis
  • Short Term Trend :
    Up
  • Medium Term Trend :
    Up
  • Long Term Trend :
    Up

Are you friends with trend?

There is a saying in stock market, "Trend is your best friend"

It means, a good trader doesn't place his money against the trend. Many new traders lose money because they are trying to catch trend reversals but seasoned traders wait for a clear trend to emerge before taking the trade in the direction of trend.

Day Technicals

What is Opening Range Breakout?

An opening range breakout is breaking out of the day's range after a stock has moved for some time in a sideways trend. In technical terms, its a breakout from the support and resistance level in an upward or downward trend.

NR7

What is NR7 trading strategy?

Narrow Range trading strategy or NR7 Trading strategy is a breakout based method which assumes that the price of security trends up or down after a brief consolidation in a narrow range.

Opening Price clues

How to use Opening Price Clues in your trades?

If the stock has same open and high after it has traded for some time, it implies there was a consistent selling pressure that didn't allow the stock to move higher from the opening price. Similarly, if the stock has same open and low price, it implies there was a consistent buying intent that kept the stock price above the opening price.

Day High Low Range
TIME LOWEST HIGHEST
10 AM - -
11 AM - -
12 PM - -
1 PM - -
2 PM - -
Japanese Candlestick Patterns
Candle Pattern 1 :None
Candle Pattern 2 : None
Candle Pattern 3 :None
Candlestick Price Action
Outside Day
Pivot Points
Name S4 S3 S2 S1 Pivot Points R1 R2 R3 R4
classic 148.50 154.40 160.30 163.00 166.20 168.90 172.10 178.00 183.90
woodie's 149.64 155.54 159.52 161.45 165.42 167.35 171.32 173.25 179.15
fibonacci - 160.30 162.55 163.95 166.20 168.45 169.85 172.10 -
camarilla 162.46 164.08 164.62 165.16 -- 166.24 166.78 167.32 168.94
Past Performance & Moving Averages
Day’s LOW HIGH RANGE SMA PERFORMANCE Nifty
10 DAY 162.10
177.75
167.90 0.61 % 0.10 %
20 DAY 151.40
182.10
164.61 7.60 % 2.30 %
50 DAY 131.40
182.10
154.88 16.36 % 8.53 %
100 DAY 123.20
182.10
143.27 31.40 % 21.59 %
200 DAY 113.10
182.10
134.70 35.15 % 33.90 %
YTD 153.25
182.10
166.26 7.49 % 2.72 %
52 Week 113.10
182.10
136.40 7.53 % 18.71 %

Why are moving Averages important in technical Analysis?

An opening range breakout is breaking out of the day's range after a stock has moved for some time in a sideways trend. In technical terms, its a breakout from the support and resistance level in an upward or downward trend.

Gaps On Day Chart
Unfilled Gap Down On 2017-06-23
187.50 ~ 196.25 RESISTANCE
Industry Growth Rate

In Last 1 Year the industry has grown by -6.07 %

In Last 5 Year the industry has grown by 0.00 %

Peer comparison

Sales

COMPANY NAME20152016201720182019
FORTIS3966.004199.004574.004561.004469.00
SHALBY 324.00378.00461.00
NH1364.001614.001878.002281.002861.00
HCG519.00584.00700.00829.00976.00
APOLLOHOSP5129.006150.007256.008243.009617.00
Total 2744.50 3136.75 2946.40 3258.40 3676.80 2946.40

Financial

LAST FISCAL CURRENT GROWTH 10 YEAR CAGR
S.NO. COMPANY NAME MARKET CAP CMP BOOK VALUE EPS STOCK P/E ROE ICR REVENUE NET PROFIT NPM REVENUE NET PROFIT REVENUE NET PROFIT
1 INDRAPRASTHA MEDICAL CORP.LTD. 34795.90 38.00 27.47
2 APOLLO HOSPITALS ENTERPRISE LTD. 37376.85 2687.15 266.77
3 FORTIS HEALTHCARE LTD. 13015.90 172.30 116.85
4 Narayana Hrudayalaya Ltd 9410.19 459.80 57.42
5 Shalby Ltd 677.69 62.70 76.16
6 HealthCare Global Enterprises Ltd 883.28 100.20 74.60
Sales

What is Sales Trend ?

Sales trend is a methodology to understand sales results which helps in understanding the trends of the market over a specific period of time. Sales results are an indicative of the sales patterns followed by the customer over a time period.

Profitability

What is Profit & EPS Trend ?

EPS Trends was initially built in late 2015 when I was just getting into frontend development. Coming from a background in Rails, I was frustrated with how many decisions you had to make early on as a javascript developer.

Net Profit
EPS

What is EBITDA Margin & EBIT Margin ?

Corporate accounting is required to adhere to the standards and practices collectively referred to as the generally accepted accounting principles. EBITDA is an excellent way for corporate accountants to start compiling data, but it should not be considered an absolute result. This is due to the fact that many consider EBITDA more of a broad stroke than a definitive form of accounting practice.

EBITDA Margin
EBIT Margin
NPM
Cash Flow

Why is the Cash Flow Analysis important?

A business needs cash to pay its expenses, to pay bank loans, to pay taxes and to purchase new assets. A cash flow report determines whether a business has enough cash to do exactly this.

Operating Activities
Financing Activities
Investing Activities
Financial Health

What Is Financial Health?

Financial health is a term used to describe the state of one's personal monetary affairs. There are many dimensions to financial health, including the amount of savings you have, how much you’re putting away for retirement, and how much of your income you are spending on fixed or non-discretionary expenses.

Debt to Equity
Piotroski Score
  • 0
  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9

What Is the Piotroski Score?

The Piotroski score is a discrete score between 0-9 that reflects nine criteria used to determine the strength of a firm's financial position.

Altman Z Score (Mfg Company)
  • 1.04
    Distress (< 1.81)
  • Caution (>1.81 < 2.99)
  • Safe (3 & above)
Altman Z Score (Non-Mfg Company)
  • Distress ( < 1.23)
  • 2.35
    Caution (>1.23 < 2.6)
  • Safe (2.6 & above)
Valuation

What Is Valuation?

Valuation is the analytical process of determining the current (or projected) worth of an asset or a company. There are many techniques used for doing a valuation. An analyst placing a value on a company looks at the business's management, the composition of its capital structure, the prospect of future earnings, and the market value of its assets, among other metrics.

What is the significance of Rollover data?

Rollover in an important data point and should be analyzed in the expiry week. Rollover involves carry forwarding of ‘futures’ positions from one series (which is nearing expiry date) to the next one.

Rollover percentage actually indicates whether the traders are willing to carry forward their existing. positions (long or short) to the next series or not. Generally, the rollover figures alone will not indicate which direction traders are betting on. You should also check whether absolute open interest is increasing or decreasing over expiries

What is Options Max Pain Theory?

Options Max Pain Theory suggests,

“On option expiration day, the underlying stock price often moves toward a point that brings maximum loss to option buyers.”

Ratio Analysis

The Bank was incorporated in the year 2004 by Rana Kapoor and Late Ashok Kapur, which is a new age private sector bank. And since the inception of the bank has fructified into a “Full-Service Commercial Bank,” it has steadily built Corporate and Institutional Banking, Financial Markets, Investment Banking, Corporate Finance, Branch Banking, Business and Transaction Banking, and Wealth Management business lines across the whole country.

It is well-equipped to offer a spectrum of products and services to all the corporate and retail customers.

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Bulk Deals
Symbol Name Deal Date Client Name Transcation Type Quantity Price
FORTIS 2019-10-14 YES BANK LTD S 49519990.00 130.27
FORTIS 2019-10-14 EASTSPRING INVESTMENTS INDIA EQUITY OPEN LIMITED P 4053941.00 130.75
FORTIS 2018-03-28 East Bridge Capital Master Fund I Ltd P 4000000.00 130.14
FORTIS 2018-02-20 SOCIETE GENERALE P 2836369.00 143.11
FORTIS 2018-02-20 ECL FINANCE LIMITED S 3014702.00 141.69
FORTIS 2018-02-16 ECL FINANCE LIMITED S 2910605.00 130.01
FORTIS 2017-12-12 MORGAN STANLEY FRANCE SAS S 11372987.00 137.75
FORTIS 2017-12-12 SOCIETE GENERALE P 11374576.00 137.75
FORTIS 2017-04-17 STANDARD CHARTERED PRIVATE EQUITY (MAURITIUS) III LIMITED S 3075593.00 190.66
FORTIS 2017-04-17 STANDARD CHARTERED PRIVATE EQUITY (MAURITIUS) III LIMITED S 3737449.00 190.66
FORTIS 2017-03-23 AMANSA HOLDINGS PRIVATE LIMITED P 2860200.00 175.07
FORTIS 2017-03-15 MORGAN STANLEY MAURITIUS COMPANY LIMITED S 131030.00 183.67
FORTIS 2017-03-15 MORGAN STANLEY MAURITIUS COMPANY LIMITED P 2810112.00 181.00
FORTIS 2017-03-08 AMANSA HOLDINGS PRIVATE LIMITED P 2597604.00 178.50
FORTIS 2017-01-31 REXCIN FINANCE PVT LTD S 3003125.00 186.05
FORTIS 2016-10-18 INTERNATIONAL FINANCE CORPORATION S 8646301.00 183.30
FORTIS 2016-10-18 NOMURA INDIA INVESTMENT FUND MOTHER FUND P 6870384.00 183.29
FORTIS 2015-02-11 RAKESH RADHEYSHYAM JHUNJHUNWALA P 3485075.00 119.35
FORTIS 2013-08-16 STANDARD CHARTERED PVT EQ (MAURITIUS) LTD P 2499256.00 95.00
FORTIS 2011-12-29 CITIGROUP GLOBAL MARKETS MAURITIUS PRIVATE LIMITED S 2555761.00 86.47
FORTIS 2010-04-19 TRINITY CAPITAL (EIGHT) LIMITED S 2200000.00 160.01
Block Deals
Symbol Name Deal Date Client Name Transcation Type Quantity Price
FORTIS 2017-12-12 SOCIETE GENERALE P 11372987.00 137.75
FORTIS 2017-12-12 MORGAN STANLEY FRANCE SAS S 11372987.00 137.75
Dividend history
Ex Date Amount
Bonus Data
Company Name Split Date From Value To Value
Split Data
Company Name Split Date From Value To Value