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    Fortis Healthcare Limited

    Runs a 36-hospital, ~6,100-bed network across 12 states plus Agilus, its diagnostics chain of 400+ labs.

    Healthcare
    Healthcare
    View FORTIS earnings calls
    ₹952.45
    -1.05% from avg

    Overview

    Price

    ₹952.45

    Market Cap

    ₹71.4k Cr

    Sector

    Healthcare

    Healthcare

    Rank

    3

    Performance

    Financials

    Income Statement

    Financial Trajectories

    11
    Quarterly

    Balance Sheet

    Balance Sheet

    ₹ Cr · Annual
    Line itemFY20FY21FY22FY23FY24FY25FY26FY26
    LiabilitiesEquity Capital755755755755755755755755
    Reserves5.9k5.4k5.4k6.5k6.9k8.2k8.7k9.1k
    Borrowings1.6k1.5k1.3k9261.2k2.5k3.2k3.5k
    Other Liabilities2.8k3.2k4.1k3.9k4.2k2.0k2.4k2.5k
    Total Liabilities11.0k10.9k11.5k12.1k13.0k13.4k15.0k15.8k
    AssetsFixed Assets8.8k8.8k9.4k9.4k9.9k10.4k11.7k12.2k
    CWIP204165193228542407306434
    Investments175186104210230169220243
    Other Assets1.9k1.7k1.8k2.2k2.3k2.4k2.8k2.9k
    Total Assets11.0k10.9k11.5k12.1k13.0k13.4k15.0k15.8k

    Cash Flow

    Cash Flow

    ₹ Cr · Annual
    Line itemFY19FY20FY21FY22FY23FY24FY25FY26
    ActivitiesCash from Operating-1791724858658221.1k1.4k1.6k
    Cash from Investing-3.3k63-131-501-372-889-780-1.5k
    Cash from Financing4.3k-862-143-517-471-86-714164
    SummaryCapital Expenditure
    Free Cash Flow-26135274750367172591673
    FCF Margin

    Valuation

    Assumptions

    Current — FORTIS
    Price
    ₹952
    EPS (TTM)
    ₹13.80
    PE (TTM)
    69.0
    Profit growth
    22.7%

    The Earnings Per Share over the last 12 months.

    %

    Your assumption of the company's expected yearly EPS growth (e.g., 6 for 6%).

    Pre-filled with the lower of median (57.6×) and current (69.0×) PE — the conservative anchor.

    %

    The annualized return you aim to achieve. We solve for the price that delivers it, then compare to today's price.

    Valuation

    Current price
    ₹952
    vs
    Fair value · 15% return
    ₹1,014
    6%Undervalued

    At 22.7% growth and a 58× exit, ₹952 only delivers your return if you pay ₹1,014. The price is currently baking in 21% growth.

    EPS grows 22.7%/yr for 5 years, then fades to 6% over 2, exits at 58×.

    YearGrowthEPS (₹)
    FY2722.7%16.93
    FY2822.7%20.78
    FY2922.7%25.49
    FY3022.7%31.28
    FY3122.7%38.38
    FY3214.3% ·fade43.89
    FY336.0% ·fade46.52

    Methodology: we discount normalized net profit as a proxy for owner earnings (an earnings-power approximation — not full free cash flow). Terminal growth is capped at 6% (≈ nominal GDP) regardless of the required return. This is an analytical tool, not investment advice.

    Learn to analyse Fortis Healthcare Limited

    Guides on how to read this kind of business and the numbers that matter.