Apollo Hospitals
Apollo Hospitals
Healthcare Services F&OKey Fundamentals
LargecapHospitalsHealthcare ServicesTapetide Score
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Key Insights
Strengths
2- Company has delivered good profit growth of 76.2% CAGR over last 5 years
- Company has been maintaining a healthy dividend payout of 17.7%
Weaknesses
2- Stock is trading at 12.3 times its book value
- Company might be capitalizing the interest cost
Growth Rate
AI Analysis — Bull vs Bear
Apollo Hospitals Enterprise Ltd has a market capitalisation of about ₹1,28,047 crore. Its profits have grown at a 76% CAGR over five years and 34% over the trailing twelve months, on sales growth of 19% and 17% over the same periods. Return on equity has risen from a 10-year average of 13% to 21% last year. The stock trades at 58.9 times earnings and 13.5 times book value, with a dividend yield of 0.23%.
- Profits have compounded at 76% CAGR over 5 years, 32% over 3 years and 34% over the trailing twelve months, so growth has stayed high over more than one timeframe.
- Sales growth has been steady: 15% over 10 years, 19% over 5 years, 15% over 3 years and 17% TTM. This points to consistent demand for the company's services.
- Return on equity has improved steadily, from a 13% 10-year average to 17% over 5 years, 18% over 3 years and 21% last year. This suggests the company is earning more on its capital.
- TTM profits grew 34%, about twice the 17% sales growth. That gap points to operating leverage and wider margins as the business grows.
- The stock has compounded at 21% over 10 years, 20% over 3 years and 18% over the past year, a long record of returns to shareholders.
- The dividend payout ratio is 17.7%, so the company pays shareholders while keeping over 80% of earnings to reinvest in growth.
- With a market capitalisation of about ₹1,28,047 crore, Apollo is one of the largest listed healthcare services companies in India. Its size helps with bargaining power, brand recognition and access to capital.
- A P/E of 58.9 means an earnings yield of only about 1.7%. The price already assumes strong growth will continue, so any slowdown could hit the stock hard.
- A price-to-book ratio of 13.5 is high even for an asset-heavy hospital business. It leaves little room if returns on equity fall back from last year's 21%.
- The company may be capitalising interest costs. If so, interest is added to asset values instead of being charged as an expense, which can make reported profits look higher and hide the true cost of expansion.
- The 76% 5-year profit CAGR is inflated by a low starting point during the pandemic. The 10-year profit CAGR of 23% is a more normal guide, and it is well below what the 5-year figure suggests.
- The 10-year average ROE is only 13%, which shows returns have been weak during past heavy-investment phases. Returns could weaken again if new bed capacity takes time to fill.
- Sales growth has slowed from 19% over 5 years to 15% over 3 years. That makes it harder to keep profit growth well ahead of revenue.
- The stock's 5-year CAGR of 14% trails its 10-year CAGR of 21% and falls far short of the 76% profit growth over the same period. This shows valuation multiples have already shrunk, and fast profit growth has not always turned into matching share-price gains.
- The dividend yield is only 0.23%, so investors earn very little income and depend almost entirely on share-price gains.
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
- ₹61.75 crore block trade flagged Sep 30
A trade-scanning system flagged about 75,279 Apollo Hospitals shares worth ₹61.75 crore on BSE at ₹8,202.95 per share. This signal has not been confirmed by the exchange, and the buyer and seller will only be known after the post-market disclosure.
TL;DR: The only news item is an unconfirmed large-trade signal of about ₹61.75 crore at ₹8,202.95 per share on Sep 30. It doesn't tell us whether this was buying or selling. Trades of this size are common in large-cap stocks and often reflect institutional rebalancing rather than a change in fundamentals. The news flow points to no clear bullish or bearish trend. The exchange's post-market bulk/block deal disclosure, which would identify the parties involved, is the next thing to watch.
Quarterly Results
| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 4,418 | 4,847 | 4,851 | 4,944 | 5,086 | 5,589 | 5,527 | 5,592 | 5,842 | 6,304 | 6,477 | 6,606 | 7,044 |
| Expenses | 3,909 | 4,219 | 4,237 | 4,303 | 4,410 | 4,774 | 4,765 | 4,822 | 4,990 | 5,362 | 5,512 | 5,594 | 5,951 |
| Operating Profit | 509 | 628 | 614 | 640 | 675 | 816 | 762 | 770 | 852 | 941 | 965 | 1,011 | 1,092 |
| OPM % | 12% | 13% | 13% | 13% | 13% | 15% | 14% | 14% | 15% | 15% | 15% | 15% | 16% |
| Other Income | 34 | 26 | 29 | 37 | 49 | 44 | 69 | 72 | 54 | 61 | 48 | 54 | 62 |
| Interest | 106 | 111 | 113 | 119 | 116 | 118 | 110 | 115 | 108 | 110 | 113 | 119 | 120 |
| Depreciation | 167 | 163 | 167 | 190 | 177 | 184 | 185 | 211 | 215 | 218 | 219 | 224 | 235 |
| PBT | 270 | 379 | 363 | 368 | 430 | 557 | 536 | 516 | 583 | 675 | 682 | 722 | 799 |
| Tax % | 36% | 34% | 30% | 30% | 27% | 29% | 29% | 20% | 24% | 27% | 24% | 24% | 24% |
| Net Profit | 173 | 249 | 254 | 258 | 316 | 396 | 379 | 414 | 441 | 494 | 516 | 551 | 610 |
| EPS in Rs | 11.59 | 16.2 | 17.06 | 17.65 | 21.23 | 26.34 | 25.89 | 27.1 | 30.1 | 33.19 | 34.93 | 36.81 | 40.39 |
Profit & Loss
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 5,129 | 6,150 | 7,256 | 8,243 | 9,617 | 11,247 | 10,560 | 14,663 | 16,612 | 19,059 | 21,794 | 25,228 | 26,430 |
| Expenses | 4,392 | 5,465 | 6,522 | 7,442 | 8,548 | 9,656 | 9,420 | 12,474 | 14,548 | 16,665 | 18,761 | 21,449 | 22,420 |
| Operating Profit | 737 | 684 | 734 | 801 | 1,070 | 1,591 | 1,140 | 2,189 | 2,065 | 2,394 | 3,033 | 3,779 | 4,010 |
| OPM % | 14% | 11% | 10% | 10% | 11% | 14% | 11% | 15% | 12% | 13% | 14% | 15% | 15% |
| Other Income | 47 | 92 | 60 | 24 | 26 | 222 | 103 | 368 | 75 | 123 | 222 | 207 | 226 |
| Interest | 118 | 180 | 257 | 295 | 327 | 533 | 449 | 379 | 381 | 449 | 458 | 450 | 462 |
| Depreciation | 212 | 264 | 314 | 359 | 396 | 620 | 573 | 601 | 615 | 687 | 758 | 876 | 896 |
| PBT | 455 | 332 | 222 | 171 | 373 | 660 | 221 | 1,578 | 1,144 | 1,380 | 2,039 | 2,661 | 2,877 |
| Tax % | 29% | 29% | 41% | 65% | 47% | 34% | 38% | 30% | 22% | 32% | 26% | 25% | — |
| Net Profit | 335 | 235 | 131 | 60 | 200 | 432 | 137 | 1,108 | 844 | 935 | 1,505 | 2,003 | 2,172 |
| EPS in Rs | 24.43 | 16.99 | 15.88 | 8.44 | 16.96 | 32.7 | 10.46 | 73.42 | 56.97 | 62.5 | 101 | 135 | 145 |
| Div. Payout % | 24% | 35% | 38% | 59% | 35% | 18% | 29% | 16% | 26% | 26% | 13% | 15% | — |
Balance Sheet
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 70 | 70 | 70 | 70 | 70 | 70 | 72 | 72 | 72 | 72 | 72 | 72 |
| Reserves | 3,102 | 3,262 | 3,244 | 3,182 | 3,264 | 3,270 | 4,531 | 5,551 | 6,126 | 6,864 | 8,140 | 9,408 |
| Borrowings | 1,992 | 2,834 | 3,125 | 3,427 | 3,673 | 3,596 | 4,160 | 4,068 | 4,332 | 5,333 | 7,864 | 8,493 |
| Other Liabilities | 1,296 | 1,195 | 1,665 | 1,917 | 2,159 | 4,354 | 2,629 | 3,570 | 3,886 | 4,474 | 4,568 | 4,210 |
| Total Liabilities | 6,459 | 7,360 | 8,103 | 8,596 | 9,166 | 11,289 | 11,392 | 13,261 | 14,416 | 16,742 | 20,644 | 22,183 |
| Fixed Assets | 3,244 | 3,997 | 4,591 | 4,773 | 4,982 | 7,432 | 6,778 | 8,296 | 8,520 | 9,664 | 10,988 | 12,272 |
| CWIP | 533 | 562 | 347 | 712 | 822 | 236 | 234 | 46 | 610 | 873 | 921 | 1,032 |
| Investments | 311 | 352 | 406 | 352 | 462 | 434 | 1,343 | 816 | 574 | 986 | 2,487 | 2,179 |
| Other Assets | 2,372 | 2,448 | 2,759 | 2,759 | 2,901 | 3,187 | 3,037 | 4,104 | 4,712 | 5,219 | 6,248 | 6,700 |
| Total Assets | 6,459 | 7,360 | 8,103 | 8,596 | 9,166 | 11,289 | 11,392 | 13,261 | 14,416 | 16,742 | 20,644 | 22,183 |
Cash Flow
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 470 | 597 | 623 | 537 | 905 | 1,293 | 1,265 | 1,696 | 1,377 | 1,920 | 2,136 | 2,856 |
| Investing | -759 | -888 | -1,152 | -405 | -711 | -289 | -880 | -747 | -857 | -1,537 | -3,383 | -2,145 |
| Financing | 392 | 330 | 477 | -108 | -215 | -910 | -340 | -792 | -633 | -311 | 1,319 | -478 |
| Net Cash Flow | 103 | 39 | -52 | 24 | -20 | 94 | 44 | 158 | -113 | 72 | 73 | 233 |
| Free Cash Flow | -396 | -393 | -46 | -84 | 233 | 782 | 984 | 1,044 | 252 | 785 | 439 | 925 |
| CFO/OP | 77 | 108 | 103 | 83 | 103 | 100 | 108 | 87 | 85 | 100 | 86 | 92 |
Ratios
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 43 | 36 | 38 | 37 | 39 | 33 | 46 | 44 | 49 | 48 | 51 | 50 |
| Inventory Days | 50 | 49 | 47 | 51 | 46 | 49 | 16 | 21 | 17 | 17 | 16 | 15 |
| Days Payable | 59 | 66 | 51 | 55 | 56 | 60 | 74 | 79 | 82 | 88 | 72 | 63 |
| Cash Conversion Cycle | 34 | 19 | 34 | 33 | 29 | 22 | -12 | -14 | -16 | -23 | -6 | 3 |
| Working Capital Days | 24 | 16 | 27 | 8 | -3 | -8 | -4 | 5 | -1 | -19 | -6 | -25 |
| ROCE % | 12% | 9% | 8% | 7% | 10% | 14% | 8% | 17% | 14% | 15% | 17% | 17% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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64 extracted metrics + investor summaries across FY00–FY27.
Documents
Frequently Asked Questions about Apollo Hospitals
What does Apollo Hospitals Enterprise Ltd do?
Where is Apollo Hospitals Enterprise Ltd (APOLLOHOSP) listed?
Which sector does Apollo Hospitals Enterprise Ltd belong to?
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What is the PE ratio of Apollo Hospitals Enterprise Ltd?
What is the 52-week high and low of Apollo Hospitals Enterprise Ltd?
Does Apollo Hospitals Enterprise Ltd pay dividends?
What is the Return on Equity (ROE) of Apollo Hospitals Enterprise Ltd?
Company Information
Apollo Hospitals was established in 1983 by Dr. Prathap C Reddy, renowned architect of modern healthcare in India. As the nation’s first corporate hospital, Apollo Hospitals is acclaimed for pioneering the private healthcare revolution in the country. Apollo Hospitals has emerged as Asia’s foremost integrated healthcare services provider and has a robust presence across the healthcare ecosystem, including Hospitals, Pharmacies, Primary Care & Diagnostic Clinics and several Retail Health models. [1]
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