APOLLO HOSPITALS 2018-19 Annual Report Analysis

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

APOLLO HOSPITALS 2018-19 Annual Report Analysis
Fri, 18 Oct

APOLLO HOSPITALS has announced its results for the year ended March 2019. Let us have a look at the detailed performance review of the company during FY18-19.

APOLLO HOSPITALS Income Statement Analysis

  • Operating income during the year rose 16.7% on a year-on-year (YoY) basis.
  • The company's operating profit increased by 34.1% YoY during the fiscal. Operating profit margins witnessed a growth and stood at 11.1% in FY19 as against 9.6% in FY18.
  • Depreciation charges increased by 10.2% and finance costs increased by 10.8% YoY, respectively.
  • Other income declined by 2.2% YoY.
  • Net profit for the year grew by 236.1% YoY.
  • Net profit margins during the year grew from 0.7% in FY18 to 2.1% in FY19.

APOLLO HOSPITALS Income Statement 2018-19

No. of Mths Year Ending12 Mar-18*12 Mar-19*% Change
Net SalesRs m82,43596,17416.7%
Other incomeRs m322314-2.2%
Total RevenuesRs m82,75696,48916.6%
Gross profitRs m7,93210,63734.1%
DepreciationRs m3,5903,95510.2%
InterestRs m2,9513,27010.8%
Profit before taxRs m1,7123,726117.6%
TaxRs m1,1191,73454.9%
Profit after taxRs m5962,002236.1%
Gross profit margin%9.611.1
Effective tax rate%65.446.5
Net profit margin%0.72.1
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



DISCOVER: How to Potentially Multiply Your Returns by Upto 5x...

APOLLO HOSPITALS Balance Sheet Analysis

  • The company's current liabilities during FY19 stood at Rs 20 billion as compared to Rs 16 billion in FY18, thereby witnessing an increase of 24.8%.
  • Long-term debt stood at Rs 30 billion as compared to Rs 29 billion during FY18, a growth of 1.0%.
  • Current assets rose 3% and stood at Rs 23 billion, while fixed assets rose 13% and stood at Rs 58 billion in FY19.
  • Overall, the total assets and liabilities for FY19 stood at Rs 92 billion as against Rs 86 billion during FY18, thereby witnessing a growth of 7%.

APOLLO HOSPITALS Balance Sheet as on March 2019

No. of Mths Year Ending12 Mar-18*12 Mar-19*% Change
NetworthRs m32,51533,3352.5
 
Current LiabilitiesRs m15,67319,55424.8
Long-term DebtRs m29,23829,5211.0
Total LiabilitiesRs m86,12891,8316.6
 
Current assetsRs m22,20122,8172.8
Fixed AssetsRs m 51,38958,03412.9
Total AssetsRs m86,12891,8316.6
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



APOLLO HOSPITALS Cash Flow Statement Analysis

  • APOLLO HOSPITALS's cash flow from operating activities (CFO) during FY19 stood at Rs 9 billion, an improvement of 68.5% on a YoY basis.
  • Cash flow from investing activities (CFI) during FY19 stood at Rs -7 billion, an improvement of 75.5% on a YoY basis.
  • Cash flow from financial activities (CFF) during FY19 stood at Rs -2 billion on a YoY basis.
  • Overall, net cash flows for the company during FY19 stood at Rs -201 million from the Rs 236 million net cash flows seen during FY18.

APOLLO HOSPITALS Cash Flow Statement 2018-19

ParticularsNo. of months1212% Change
Year EndingMar-18Mar-19
Cash Flow from Operating ActivitiesRs m5,3709,05068.5%
Cash Flow from Investing ActivitiesRs m-4,049-7,106-
Cash Flow from Financing ActivitiesRs m-1,085-2,145-
Net Cash FlowRs m236-201-
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



Current Valuations for APOLLO HOSPITALS

  • The trailing twelve-month earnings per share (EPS) of the company stands at Rs 14.4, an improvement from the EPS of Rs 4.3 recorded last year.
  • The price to earnings (P/E) ratio, at the current price of Rs 1,520.5, stands at 65.7 times its trailing twelve months earnings.
  • The price to book value (P/BV) ratio at current price levels stands at 4.8 times, while the price to sales ratio stands at 1.7 times.
  • The company's price to cash flow (P/CF) ratio stood at 35.6 times its end-of-year operating cash flow earnings.

Per Share Data/Valuations

No. of Mths Year Ending12 Mar-18*12 Mar-19*
Sales per share (Unadj.)Rs592.5691.3
TTM Earnings per shareRs4.314.4
Diluted earnings per shareRs4.314.4
Price to Cash Flow x50.635.6
TTM P/E ratiox65.765.7
Price / Book Value ratiox5.04.8
Market CapRs m211,547211,547
Dividends per share (Unadj.)Rs5.06.0
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



Ratio Analysis for APOLLO HOSPITALS

  • Solvency Ratios
  • Current Ratio: The company's current ratio deteriorated and stood at 1.2x during FY19, from 1.4x during FY18. The current ratio measures the company's ability to pay short-term and long-term obligations.

    Interest Coverage Ratio: The company's interest coverage ratio improved and stood at 2.1x during FY19, from 1.6x during FY18. The interest coverage ratio of a company states how easily a company can pay its interest expense on outstanding debt. A higher ratio is preferable.

  • Profitability Ratios
  • Return on Equity (ROE): The ROE for the company improved and stood at 6.0% during FY19, from 1.8% during FY19. The ROE measures the ability of a firm to generate profits from its shareholders capital in the company.

    Return on Capital Employed (ROCE): The ROCE for the company improved and stood at 11.1% during FY19, from 7.6% during FY18. The ROCE measures the ability of a firm to generate profits from its total capital (shareholder capital plus debt capital) employed in the company.

    Return on Assets (ROA): The ROA of the company improved and stood at 5.7% during FY19, from 4.1% during FY18. The ROA measures how efficiently the company uses its assets to generate earnings.

Key Ratio Analysis

No. of Mths Year Ending12 Mar-18*12 Mar-19*
Current ratiox1.41.2
Debtors’ DaysDays3739
Interest coveragex1.62.1
Debt to equity ratiox0.90.9
Return on assets%4.15.7
Return on equity%1.86.0
Return on capital employed%7.611.1
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



To see how APOLLO HOSPITALS has performed over the last 5 years, please visit here.

APOLLO HOSPITALS Share Price Performance

Over the last one year, APOLLO HOSPITALS share price has moved up from Rs 1,122.6 to Rs 1,520.5, registering a gain of Rs 398.0 or around 35.5%.

Overall, the S&P BSE SENSEX is up 12.8% over the year.

(To know more, check out historical annual results for APOLLO HOSPITALS and quarterly results for APOLLO HOSPITALS)

Equitymaster requests your view! Post a comment on "APOLLO HOSPITALS 2018-19 Annual Report Analysis". Click here!

  

Related Views on News

APOLLO HOSPITALS Announces Quarterly Results (3QFY20); Net Profit Up 9.0% (Quarterly Result Update)

Feb 19, 2020 | Updated on Feb 19, 2020

For the quarter ended December 2019, APOLLO HOSPITALS has posted a net profit of Rs 948 m (up 9.0% YoY). Sales on the other hand came in at Rs 25 bn (up 16.6% YoY). Read on for a complete analysis of APOLLO HOSPITALS's quarterly results.

APOLLO HOSPITALS Announces Quarterly Results (1QFY20); Net Profit Up 31.8% (Quarterly Result Update)

Aug 16, 2019 | Updated on Aug 16, 2019

For the quarter ended June 2019, APOLLO HOSPITALS has posted a net profit of Rs 793 m (up 31.8% YoY). Sales on the other hand came in at Rs 22 bn (up 16.7% YoY). Read on for a complete analysis of APOLLO HOSPITALS's quarterly results.

MSTC IPO: Should You Bet on This State-Run E-Commerce Player? (IPO)

Mar 13, 2019

Should you subscribe to the IPO of MSPC Limited?

More Views on News

Most Popular

It's the Beginning of a New Bull Phase in Smallcaps(Profit Hunter)

Feb 24, 2021

Last time the smallcap index crossed 19k a big correction followed. Here's what makes it different this time.

Make Rs 5,000 Per Day Trading the Market(Fast Profits Daily)

Feb 25, 2021

In this video, I'll show you how to get started on the path to daily trading profits.

The Hidden Tesla in My Great Indian Wealth Project(Profit Hunter)

Feb 23, 2021

An Indian company founded three decades ago in a garage caught my attention...

Gold 65,000 and Silver 84,000 in 2022

Feb 26, 2021

In this episode of the Investor Hour, India's #1 trader, Vijay Bhambwani, talks to us about the stock market, his new targets for gold and silver, the best long-term investment opportunity, and a lot more.

More

India's #1 Trader
Reveals His Secrets

Secret To Increasing Your Trading Profits Today
Get this Special Report,
The Secret to Increasing Your Trading Profits Today, Now!
We will never sell or rent your email id.
Please read our Terms

TRACK APOLLO HOSPITALS

  • Track your investment in APOLLO HOSPITALS with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
  • Add To MyStocks

MORE ON APOLLO HOSPITALS

APOLLO HOSPITALS 5-YR ANALYSIS

COMPARE APOLLO HOSPITALS WITH

MARKET STATS