On 6 Nov 2026, Fortis Healthcare was priced at ₹766.90, or 55.7× trailing earnings, against an industry P/E of 47.7×, and the shares are 25% below their 52-week high. Sales and net profit grew 13% and 21% a year over 3 years, with ROCE of 12% and ROE of 10%. Debt is 0.29× equity, and its dividend yield is 0.1%. It is a mid-cap company with a market cap of ₹57,898 Cr, ranked 5th of 40 Medical Care Facilities companies by market cap; the shares fell 20% over the past year.
- ₹804.80
- ₹816.35
- ₹762.60
- ₹819.80
- 20.5 L
Health check
- ReturnsBehind
−19.6% over a year, better than 0 of 7 peers.
- Price tagPricier
P/E 55.7 vs industry 47.7.
- GrowthSteady
Sales +13.3%, profit +20.9% a year over 3 years.
- ProfitabilityAverage
ROCE 11.9% vs peer median 11.4%.
- Balance sheetSolid
Debt 0.29× equity, interest covered 5.8×, Piotroski 8 of 9.
- Red flagsNone found
No warning signs in the headline numbers.
Mid cap
Defensive
Key metrics
- Market cap
- ₹57,898 Cr
- Mid cap
- P/E
- 55.7
- Industry 47.7
- Price to book
- 5.52
- Peers 8.63
- Dividend yield
- 0.13%
- ROE
- 10.4%
- Peers 12.8%
- ROCE
- 11.9%
- Peers 11.4%
- Debt to equity
- 0.29
- Debt ₹3,164 Cr
- EPS (TTM)
- ₹13.76
- Face value ₹10
- OPM (TTM)
- 22.2%
- Net margin 10.5%
- Sales growth
- +17.3%
- Latest quarter vs a year ago
- Profit growth
- −3.0%
- Latest quarter vs a year ago
- Price to sales
- 5.84
- EV/EBITDA 29.2
Strengths and risks
Strengths
- Quarterly sales up 17.3% on a year ago.
- Positive operating cash flow in each of the last 4 years.
About Fortis Healthcare
Fortis Healthcare Limited operates as a healthcare delivery service provider in India. The company services in the areas of cardiac science, nephrology, diabetology/endocrinology, foetal medicine, infectious diseases, mental health and behavioral science, oncology, orthopedics, physiotherapy and rehabilitation, rheumatology, urology, nuclear medicine, critical care, emergency and trauma, general surgery, internal medicine, neurointerventional radiology,…
- Headquarters
- Gurugram
- Employees
- 14,649
- Sector
- Healthcare
- ISIN
- INE061F01013
- Website
- fortishealthcare.com
Price range
- Avg volume (3M)
- 15.9 L
- 1-year return
- minus 19.6%
- From 52-week high
- minus 24.8%
Analyst consensus
Peers · Medical Care Facilities
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| APOLLOHOSPApollo Hospitals Enterprise | 8,446.00 | plus 0.90% | 1,21,441 | 54.0 | 11.45 | 19.2% | 22.5% | 15.4% | 14.8% | 33.3% | 0.24% | plus 7.2% |
| MAXHEALTHMax Healthcare Institute | 934.00 | plus 0.21% | 90,909 | 66.1 | 8.03 | 12.6% | 12.8% | 26.8% | 22.4% | 9.3% | 0.21% | minus 18.1% |
| MANIPALHOSManipal Health Enterprises | 646.70 | minus 1.61% | 85,065 | 133.6 | 9.05 | 9.8% | 9.2% | 17.8% | – | – | 0.00% | minus 3.0% |
| ASTERDMAster DM Quality Care | 713.15 | minus 0.89% | 62,092 | 90.7 | 8.06 | 9.4% | 9.7% | 17.4% | 15.7% | −3.0% | 0.42% | plus 4.5% |
| FORTISFortis Healthcare | 766.90 | minus 6.45% | 57,898 | 55.7 | 5.52 | 11.9% | 10.4% | 22.2% | 13.3% | 20.9% | 0.13% | minus 19.6% |
| NHNarayana Hrudayalaya | 1,903.00 | minus 0.65% | 38,650 | 44.7 | 7.73 | 11.4% | 19.1% | 18.5% | 20.5% | 9.9% | 0.24% | plus 4.7% |
| MEDANTAGlobal Health | 1,387.60 | minus 0.15% | 37,264 | 60.4 | 8.63 | 15.0% | 15.2% | 22.1% | 17.2% | 19.5% | 0.04% | plus 11.2% |
| KIMSKrishna Institute of Medical Sciences | 723.00 | minus 1.10% | 30,366 | 138.5 | 12.87 | 8.1% | 11.0% | 19.8% | 21.3% | −10.5% | 0.00% | plus 2.0% |
| Median of 7 peers | – | −0.65% | 62,092 | 66.1 | 8.63 | 11.4% | 12.8% | 18.5% | 18.8% | 9.6% | 0.21% | 4.5% |
Quarterly results
| ₹ Cr | Sep 25 | Dec 25 | Mar 26 | Jun 26 | Sep 26 |
|---|---|---|---|---|---|
| 2,331 | 2,265 | 2,365 | 2,545 | 2,735 | |
| 1,775 | 1,759 | 1,832 | 2,008 | 2,112 | |
| 556 | 506 | 532 | 537 | 623 | |
| 23.9% | 22.3% | 22.5% | 21.1% | 22.8% | |
| 26.3 | 11.8 | 10.6 | 18.9 | 12.8 | |
| 74.9 | 85.7 | 84.3 | 80.4 | 78.3 | |
| 106 | 120 | 122 | 122 | 128 | |
| 23.5 | −45.9 | −12.5 | 9.5 | 3 | |
| 425 | 266 | 324 | 363 | 432 | |
| 22.7% | 25.7% | 16.4% | 24.9% | 25.9% | |
| 322 | 194 | 266 | 266 | 312 | |
| 4.26 | 2.57 | 3.52 | 3.53 | 4.14 |
Profit & loss
- Sales CAGR 3Y
- +13.3%
- Profit CAGR 3Y
- +20.9%
- EPS CAGR 3Y
- +20.9%
- ROE
- 10.4%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 6,213 | 6,835 | 7,724 | 9,048 | |
| – | +10.0% | +13.0% | +17.1% | |
| 5,127 | 5,580 | 6,146 | 6,984 | |
| 1,086 | 1,255 | 1,578 | 2,064 | |
| 17.5% | 18.4% | 20.4% | 22.8% | |
| 65.4 | 38 | 64.9 | 52.6 | |
| 108 | 108 | 155 | 283 | |
| 316 | 342 | 386 | 449 | |
| 86.4 | 15.7 | −95.8 | −18.5 | |
| 814 | 858 | 1,007 | 1,366 | |
| 22.2% | 24.8% | 19.6% | 22.1% | |
| 589 | 599 | 774 | 1,042 | |
| – | +1.7% | +29.3% | +34.6% | |
| 7.80 | 7.93 | 10.26 | 13.80 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 755 | 755 | 755 | 755 | |
| 6,487 | 6,908 | 8,162 | 9,141 | |
| 926 | 1,155 | 2,475 | 3,473 | |
| 4,266 | 4,471 | 2,300 | 2,598 | |
| 12,434 | 13,289 | 13,692 | 15,966 | |
| 5,107 | 5,829 | 6,344 | 7,343 | |
| 257 | 561 | 496 | 456 | |
| 49.2 | 2.9 | 3.2 | 3.5 | |
| 366 | 600 | 506 | 559 | |
| 6,655 | 6,295 | 6,342 | 7,605 | |
| 12,434 | 13,289 | 13,692 | 15,966 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 822 | 1,100 | 1,424 | 1,601 | |
| −374 | −886 | −779 | −1,538 | |
| −471 | −86.5 | −714 | 164 | |
| −22.7 | 127 | −69.3 | 227 | |
| −447 | −942 | −847 | −945 | |
| 375 | 158 | 577 | 656 | |
| −16 | −86 | −109 | −77.7 |
Shareholding pattern
- Promoters31.17%
- Public68.83%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 31.17% | 68.83% | 0.00 | |
| 30 Jun 2026 | 31.17% | 68.83% | 0.00 | |
| 31 Mar 2026 | 31.17% | 68.83% | 0.00 | |
| 31 Dec 2025 | 31.17% | 68.83% | 0.00 | |
| 30 Sep 2025 | 31.17% | 68.83% | – |
Major shareholders
Filings & events
News
No recent news coverage found.