1. India Stocks

  2. •

    Healthcare

  3. •

    Medical - Care Facilities
Fortis Healthcare Limited

Fortis Healthcare Limited

FORTIS.NS
Fortis Healthcare LimitedIN flagNational Stock Exchange of India
971.90
INR
-8.15
- -
733.74BMarket Cap
Fortis Healthcare Limited
FORTIS.NS
(National Stock Exchange of India)

Recent

price

971.90

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
38.83
63.73
74.25
76.21
84.97
89.86
96.18
86.77
72.07
59.7
52.47
74.69
82.3
90.54
103.14
- -
120.93
Revenue per Share
3.23
1.78
12.34
2.7
-3.11
0.4
8.87
-19.46
-4.91
0.77
-1.45
7.35
7.8
7.93
10.26
- -
13.8
Basic EPS, GAAP
-11.3
-6.72
30.68
-2.67
-4.74
-0.76
14.49
6.03
-4.3
0.21
3.54
8.61
4.97
2.09
7.65
- -
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
0.21
1.14
1.44
- -
- -
Dividend per Share
10.63
9.83
20.92
20
16.36
17.92
28.45
4.82
-15.45
-11.72
-18.94
-17.53
-3.43
2.09
18.68
- -
10
Book Value per Share
60.46
-62.97
-67.42
45.54
46.85
49.98
80.6
60.58
54.23
45.15
38.84
33.68
46.67
52.3
60.84
- -
63.91
Tangible Book Value per Share
385
405
405
453
463
463
476
519
609
755
755
755
755
755
755
- -
755
Basic Weighted Avg Shares
14,958
25,822
30,084
34,548
39,325
41,600
45,737
45,002
43,869
45,069
39,613
56,386
62,132
68,351
77,828
91,278
91,278
Sales/Revenue/Turnover
-0.5
5.74
0.39
-2.69
-2.44
-0.84
2.99
-0.7
0.32
6.75
2.44
13.19
12.4
13.35
15.45
17.92
17.92
Operating Margin (%)
1,045
1,822
2,922
2,479
2,628
2,251
2,222
2,390
2,329
2,917
2,906
3,008
3,157
3,425
3,856
4,494
4,494
Depreciation Expense
1,244
722
4,999
1,225
-1,437
184
4,217
-10,092
-2,989
579
-1,098
5,551
5,887
5,989
7,742
10,418
10,418
Net Income, GAAP
10.06
39.33
25.73
- -
- -
- -
13.12
- -
- -
61.78
229.73
20.03
22.21
24.8
19.63
22.09
22.09
Effective Tax Rate (%)
8.31
2.8
16.62
3.55
-3.65
0.44
9.22
-22.43
-6.81
1.29
-2.77
9.84
9.48
8.76
9.95
11.41
11.41
Profit Margin (%)
9,417
-25,870
-5,525
10,688
3,779
-357
-1,516
-8,525
-19,244
-16,385
-1,962
-1,362
-195
-17,496
-1,360
-2,956
-2,956
Working Capital
10,883
36,733
48,174
16,587
10,217
8,669
12,787
9,481
6,746
11,665
11,993
10,327
7,549
9,858
23,113
29,375
29,375
LT Debt
33,218
40,871
54,021
50,916
49,589
48,528
63,108
53,170
71,125
72,056
67,178
70,083
81,004
85,561
91,694
101,685
101,685
Total Equity
-0.11
1.17
0.08
- -
- -
- -
1.63
- -
- -
1.34
-1.5
7.4
7.13
7.47
9.17
10.11
10.11
Return on Invested Capital (%)
3.06
4.25
8.12
- -
- -
- -
14.17
- -
- -
6.57
-36.46
57.8
55
33.97
27.97
29.28
29.28
Return on Capital (%)
34.02
17.88
80.24
13.97
-17.27
2.32
38.65
-125.95
- -
- -
- -
- -
- -
- -
98.79
96.27
96.27
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
ST Debt
2,658
- -
5,351
LT Borrowings
24,254
- -
24,012
LT Finance Leases
5,035
- -
5,363
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
755
- -
755
Market Capitalization
732,091
666,884
600,063

Working Capital

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
Total Current Assets
16,605
- -
18,194
Cash, Cash Equivalents & STI
4,483
- -
5,801
Accounts Receivable, Net
10,168
- -
10,438
Inventories
1,273
- -
1,353
Total Current Liabilities
17,223
- -
21,150
Payables & Accruals
- -
- -
- -
ST Debt
2,658
- -
5,351
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
8.62%
8.72%
10.9%
Free Cash Flow
-46.93%
64.58%
13.69%
Net Income, GAAP
83.6%
-106.83%
34.56%
Sales/Revenue/Turnover
9.01%
18.74%
17.28%
Total Cash Common Dividend
- -
- -
-28.67%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
16,574
17,700
16,797
17,280
68,351
2025
18,589
19,884
19,283
20,072
77,828
2026
21,667
23,314
22,650
23,647
91,278

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.48
2.3
1.78
- -
7.93
2025
2.2
2.34
3.28
2.44
10.26
2026
3.45
4.26
2.57
3.52
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
1.14
2025
- -
- -
- -
- -
1.44
2026
- -
- -
- -
- -
- -
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Business
Fortis Healthcare Limited is an integrated healthcare delivery service provider operating primarily in India, with additional operations in Dubai and Sri Lanka. Founded in 1996 and headquartered in Gurugram, Haryana, the company manages a network of over 36 healthcare facilities, including multi-specialty hospitals and diagnostic centers, with a bed capacity exceeding 4,300. Fortis's core products and services include multi-specialty hospital management; inpatient and outpatient care; emergency medical services; specialized clinical divisions focusing on cardiology, oncology, orthopedics, neurology, pulmonology, nephrology, radiology, and organ transplants; diagnostic services through over 415 diagnostic centers; day care facilities; and telemedicine services. The company also provides ancillary healthcare services encompassing clinical research, health aids, and patient support programs. Fortis has established strategic collaborations with global healthcare institutions to enhance medical expertise and technology adoption. Recent major developments include the appointment of Dr. Ashutosh Raghuvanshi as CEO in 2024, who has driven a strategic expansion plan involving investments of up to Rs 1,300 crore focused on adding approximately 2,200 hospital beds via brownfield expansions and possible acquisitions in Tier-II cities. In 2025, its subsidiary International Hospital Limited entered a 15-year lease agreement to operate a 200-bed multi-specialty hospital in Greater Noida, with potential capacity expansion to 250 beds. Fortis completed the acquisition of Gurugram-based Medeor Hospital in 2023 and divested Fortis Malar Hospital in Chennai, reflecting an active portfolio realignment. The company emphasizes technology integration with investments in digital health, AI applications, and telehealth platforms, contributing to improved operational efficiency and patient outcomes. Fortis reported a significant 57% year-on-year net profit increase in Q1 FY26, driven by strong hospital performance and margin improvements. The company operates under the ownership of Malaysia-based IHH Healthcare Berhad and targets middle to premium healthcare market segments across urban and semi-urban geographies. Fortis Healthcare Limited remains a leading player in India’s healthcare industry by providing comprehensive tertiary and quaternary medical services across multiple specialties while expanding capacity and geographic footprint to meet rising healthcare demand and quality standards.

Company News

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  • gurufocus.com

    iShares MSCI India ETF Buys 2,977,557 Shares of Fortis Healthcare Ltd (NSE:FORTIS)