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FORTIS - Fundamental Analysis: Financial Health & Valuation

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Rating: 2.8

Last Updated Time : 02 Feb 26, 01:08 pm

Fundamental Rating: 2.8

Stock Code FORTIS Market Cap 62,862 Cr. Current Price 833 ₹ High / Low 1,105 ₹
Stock P/E 340 Book Value 122 ₹ Dividend Yield 0.12 % ROCE 3.27 %
ROE 1.41 % Face Value 10.0 ₹ DMA 50 895 ₹ DMA 200 859 ₹
Chg in FII Hold -0.06 % Chg in DII Hold 0.19 % PAT Qtr 105 Cr. PAT Prev Qtr 38.0 Cr.
RSI 35.1 MACD -17.9 Volume 3,89,294 Avg Vol 1Wk 15,67,228
Low price 521 ₹ High price 1,105 ₹ PEG Ratio 2.16 Debt to equity 0.22
52w Index 53.4 % Qtr Profit Var 9.77 % EPS 2.31 ₹ Industry PE 45.2

📊 Core Financials

  • Revenue growth: PAT at 105 Cr vs 38 Cr in previous quarter, showing improvement, but overall margins remain weak.
  • Profit margins: EPS at 2.31 ₹, very low relative to market cap.
  • Debt ratios: Debt-to-equity at 0.22, manageable but adds some leverage risk.
  • Cash flows: Supported by profitability, though weak returns limit efficiency.
  • Return metrics: ROCE 3.27 %, ROE 1.41 % — poor efficiency and shareholder returns.

💹 Valuation Indicators

  • P/E ratio: 340, extremely high compared to industry average (45.2), suggests severe overvaluation.
  • P/B ratio: Current Price / Book Value ≈ 6.8, expensive relative to assets.
  • PEG ratio: 2.16, indicates valuation stretched relative to growth.
  • Intrinsic value: Current valuation not justified by fundamentals.

🏢 Business Model & Competitive Advantage

  • Operates in healthcare and hospital services sector.
  • Strong brand presence in private healthcare with pan-India network.
  • Competitive advantage through scale and brand recognition, but profitability challenges limit financial strength.

📈 Entry Zone & Long-Term Guidance

  • Entry zone: Attractive only near 520–600 ₹ levels, closer to 52-week low support.
  • Long-term holding: Cautious; suitable for investors seeking healthcare exposure, but fundamentals do not justify current premium valuation.

Positive

  • Quarterly PAT improved (105 Cr vs 38 Cr).
  • Strong brand presence in healthcare sector.
  • DII holdings increased (+0.19 %).

Limitation

  • Extremely high P/E ratio (340) compared to industry average (45.2).
  • Weak ROE (1.41 %) and ROCE (3.27 %).
  • EPS at 2.31 ₹ reflects poor profitability.
  • Dividend yield at 0.12 % is negligible.

Company Negative News

  • FII holdings decreased (-0.06 %).
  • Technical indicators weak: RSI at 35.1, MACD negative.
  • Stock corrected from 52-week high of 1,105 ₹.

Company Positive News

  • Quarterly PAT improved significantly (105 Cr vs 38 Cr).
  • Institutional support from DII investors.

Industry

  • Healthcare sector resilient, driven by rising demand for private hospital services.
  • Industry PE at 45.2, far lower than FORTIS’s valuation, highlighting overpricing.

Conclusion

  • FORTIS shows strong brand presence but weak efficiency metrics and stretched valuation.
  • Valuation is significantly higher than industry peers, limiting upside potential.
  • Entry advisable only near lower support levels; long-term holding requires caution unless profitability improves substantially.

Would you like me to also prepare a comparative HTML snapshot against peers like Apollo Hospitals and Narayana Hrudayalaya to highlight FORTIS’s relative valuation and strengths?

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