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Fortis Healthcare Limited (FORTIS.NS)

INR976.15 +6.40 (+0.66%)
IN NSE Healthcare Medical - Care Facilities
Address Tower A 122001
Gurugram, IN
CEO Ashutosh Raghuvanshi
IPO 2007-05-09
ISIN INE061F01013

Explore sections of this company profile

Also trades on Bombay Stock Exchange · FORTIS.BO (INR) National Stock Exchange of India · FORTIS.NS (INR)
Description

Established in 1996 and headquartered in Gurugram, India, Fortis Healthcare Limited operates as an integrated provider of healthcare services. The company extends its offerings, which encompass secondary, tertiary, and quaternary medical care, across India, the United Arab Emirates, Sri Lanka, and other international markets. Its diverse healthcare infrastructure includes a network of hospitals, diagnostic facilities, and specialized day-care centers. Fortis delivers expertise across a broad spectrum of medical disciplines, including cardiology, cosmetic and dental sciences, dermatology, endocrinology, emergency medicine, ENT, fetal medicine, gastroenterology and hepatology, general surgery, haematology, infertility treatment, internal medicine, mental and behavioral health, nephrology, neurosurgery, neurointervention, neurology, obstetrics and gynaecology, oncology, ophthalmology, orthopedics, pediatrics, physiotherapy, plastic surgery, pulmonology, radiology, rheumatology, thoracic surgery, transplant medicine, urology, and numerous other supporting specialties. By March 31, 2022, the company managed 26 hospitals, housing approximately 4,300 operational beds, in addition to around 426 diagnostic centers and laboratories, complemented by 2,550 collection centers.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
INR976.15 +6.40 (+0.66%)
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Volume Profile
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Liquidity & share structure
Average Volume
2M
Beta
0.65
Float Shares
489.31M
Free Float %
64.8%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-0.39% -1.46% +4.01% +0.31% +3.61% +9.34% +36.49% +236.44% +325.35% +458.24% +865.15%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
976.15
DCF (Unlevered) 194.30 -80.1%
DCF (Levered) 299.95 -69.3%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 83% Bullish
Rating 2026-05 Change
Strong Buy 2 0
Buy 13 0
Hold 3 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
8.45
Safe zone
Piotroski F-Score
5 / 9
Average
MOAT Score
5 / 10
Developing
Composite Rating
B
Overall Score
3 / 5
Medium
DCF Score
3 / 5
Medium
ROE Score
4 / 5
High
ROA Score
5 / 5
High
D/E Score
3 / 5
Medium
P/E Score
1 / 5
Low
P/Book Score
1 / 5
Low
Operational MOAT
✗ Below peers
  • Revenue growth Medical - Care Facilities: +10.2%
    +17.2% Q1'26: +17.8% (vs Q1'25)
  • EPS growth Medical - Care Facilities: +19.2%
    +34.5% Q1'26: +44.3% (vs Q1'25)
  • FCF margin FCF growth · Medical - Care Facilities: +32.0%
    +9.0% Q1'26: +3.4% (vs Q1'25)
  • EBIT margin Medical - Care Facilities: +11.3%
    +17.9% Q1'26: +17.4% (vs Q1'25)
  • ROIC Medical - Care Facilities: +6.8%
    +9.7% Q1'26: +12.9% (vs Q1'25)
  • Share dilution Medical - Care Facilities: +0.0%
    +0.0% Q1'26: +0.2% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Medical - Care Facilities: 0.99×
    2.12× Q1'26: 0.65× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.70) × ERP
WACC = 95% × Ke + 5% × Kd (9.1%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 181.42 Current price: 976.15
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Mar 2009
actual
Mar 2010
actual
Mar 2011
actual
Mar 2012
actual
Mar 2013
actual
Mar 2014
actual
Mar 2015
actual
Mar 2016
actual
Mar 2017
actual
Mar 2018
actual
Mar 2019
actual
Mar 2020
actual
Mar 2021
actual
Mar 2022
actual
Mar 2023
actual
Mar 2024
actual
Mar 2025
actual
Mar 2026
18 Rev. Ana.
14 EPS Ana.
Mar 2027
18 Rev. Ana.
15 EPS Ana.
Mar 2028
16 Rev. Ana.
14 EPS Ana.
Revenue
6.31B
est: 6.35B (-0.7%)
9.38B
est: 9.27B (+1.2%)
14.83B
est: 15.50B (-4.3%)
29.84B
est: 23.68B (+26.0%)
30.42B
est: 59.35B (-48.7%)
34.92B
est: 47.43B (-26.4%)
39.66B
est: 41.67B (-4.8%)
41.99B
est: 43.65B (-3.8%)
45.74B
est: 46.18B (-1.0%)
45.61B
est: 46.36B (-1.6%)
44.69B
est: 42.62B (+4.9%)
46.32B
est: 46.72B (-0.9%)
40.30B
est: 39.80B (+1.3%)
57.18B
est: 57.88B (-1.2%)
62.98B
est: 62.93B (+0.1%)
68.97B
est: 70.94B (-2.8%)
77.86B
est: 78.18B (-0.4%)
91.35B
89.85B – 94.20B
+16.8% YoY
107.24B
103.46B – 113.63B
+17.4% YoY
123.74B
116.50B – 136.66B
+15.4% YoY
EBITDA
1.14B
est: -546.19M (+309.2%)
1.91B
est: 751.67M (+153.6%)
970.41M
est: 1.92B (-49.5%)
5.47B
est: 5.99B (-8.6%)
2.28B
est: 4.62B (-50.6%)
891.93M
est: 13.06B (-93.2%)
1.36B
est: 2.04B (-33.6%)
1.74B
est: 349.73M (+398.0%)
3.22B
est: 3.51B (-8.4%)
3.22B
est: 11.67B (-72.4%)
2.30B
est: -8.09B (+128.4%)
5.33B
est: 2.09B (+155.3%)
3.47B
est: 2.49B (+39.6%)
9.96B
est: 3.48B (+186.2%)
10.37B
est: 3.78B (+174.7%)
11.87B
est: 12.52B (-5.2%)
15.00B
est: 13.85B (+8.3%)
16.13B
15.86B – 16.63B
+16.4% YoY
18.93B
18.26B – 20.06B
+17.4% YoY
21.84B
20.57B – 24.12B
+15.4% YoY
EBIT
655.13M
est: -322.02M (+303.4%)
1.31B
est: 623.23M (+109.7%)
3.07B
est: 1.42B (+115.5%)
3.05B
est: -291.21M (+1,146.7%)
243.44M
est: 5.64B (-95.7%)
-936.47M
est: 327.63M (-385.8%)
-948.10M
est: -1.27B (+25.5%)
-232.99M
est: -1.07B (+78.1%)
1.32B
est: -622.47M (+311.8%)
1.23B
est: 1.34B (-8.3%)
333.12M
est: -7.90B (+104.2%)
3.11B
est: -2.20B (+241.1%)
1.18B
est: 3.10B (-61.9%)
7.60B
est: 4.34B (+75.0%)
7.84B
est: 4.72B (+66.4%)
9.19B
est: 10.26B (-10.4%)
11.95B
est: 11.35B (+5.3%)
13.22B
13.00B – 13.63B
+16.4% YoY
15.52B
14.97B – 16.44B
+17.4% YoY
17.90B
16.86B – 19.77B
+15.4% YoY
Net Income
208.19M
est: -688.62M (+130.2%)
694.81M
est: 305.05M (+127.8%)
1.24B
est: 1.18B (+5.3%)
722.22M
est: 1.85B (-61.0%)
4.85B
est: 1.81B (+168.0%)
1.23B
est: 4.03B (-69.6%)
-1.44B
est: 1.09B (-231.8%)
184.24M
est: -1.53B (+112.0%)
4.22B
est: 193.97M (+2,073.8%)
-10.09B
est: 4.29B (-335.4%)
-2.99B
est: -9.83B (+69.6%)
579.36M
est: -3.03B (+119.1%)
-1.10B
est: 472.76M (-332.2%)
5.55B
est: 661.59M (+739.1%)
5.89B
est: 5.78B (+1.8%)
5.99B
est: 6.53B (-8.3%)
7.74B
est: 8.69B (-10.9%)
10.42B
10.07B – 11.97B
+19.9% YoY
14.33B
13.13B – 15.25B
+37.6% YoY
18.26B
16.08B – 20.67B
+27.4% YoY
SGA
644.92M
est: 2.51B (-74.3%)
976.53M
est: 3.54B (-72.4%)
3.20B
est: 6.24B (-48.7%)
8.49B
est: 10.91B (-22.2%)
4.20B
est: 25.81B (-83.7%)
4.86B
est: 11.36B (-57.2%)
970.86M
est: 22.06B (-95.6%)
997.66M
est: 28.93B (-96.6%)
901.45M
est: 30.05B (-97.0%)
2.76B
est: 30.73B (-91.0%)
2.87B
est: 29.94B (-90.4%)
2.45B
est: 31.47B (-92.2%)
1.32B
est: 23.19B (-94.3%)
2.30B
est: 32.45B (-92.9%)
3.08B
est: 35.22B (-91.2%)
3.42B
est: 5.38B (-36.5%)
4.15B
est: 52.81B (-92.1%)
6.93B
6.81B – 7.14B
-86.9% YoY
8.13B
7.85B – 8.62B
+17.4% YoY
9.38B
8.84B – 10.36B
+15.4% YoY
EPS
0.64
est: 0.46 (+40.7%)
2.62
est: 2.02 (+29.9%)
3.23
est: 3.23 (0.0%)
1.78
est: 1.80 (-1.0%)
12.34
est: -1.42 (+967.6%)
2.70
est: -1.40 (+293.3%)
-2.23
est: -2.37 (+6.0%)
-0.39
est: 1.19 (-132.8%)
8.87
est: 1.73 (+412.1%)
-15.67
est: -0.34 (-4,577.5%)
-4.64
est: -3.99 (-16.4%)
0.77
est: 1.70 (-54.8%)
-1.45
est: -1.02 (-42.5%)
7.35
est: 4.94 (+48.8%)
7.80
est: 7.03 (+11.0%)
7.93
est: 8.65 (-8.4%)
10.26
est: 11.06 (-7.2%)
14.10
13.34 – 15.85
+27.5% YoY
18.92
17.40 – 20.20
+34.2% YoY
24.21
21.30 – 27.39
+27.9% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-26 B 3/5 3/5 4/5 5/5 3/5 1/5 1/5
2026-05-25 B 3/5 3/5 4/5 5/5 3/5 1/5 1/5
2026-05-22 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-05-21 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-05-20 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-05-19 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-05-18 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-05-15 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-05-14 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-05-13 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-05-12 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-05-11 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-05-08 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-05-07 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-05-06 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-05-05 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-05-04 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-04-30 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-04-29 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-04-28 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-04-27 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-04-24 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-04-23 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-04-22 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-04-21 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-04-20 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-04-17 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-04-16 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
11.11B
OE per share TTM
14.72
Owner's Yield
1.52%
Maintenance CapEx ratio
89.29%
Maint CapEx / Avg PPE
89.9%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 18 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 Schwab Emerging Markets Equity ETF SCHE 0.05% 6.01M 0.06%
2 Vanguard FTSE Emerging Markets UCITS ETF (USD) Accumulating VFEA.L 0.05% 2.63M 0.17%
3 Vanguard FTSE Emerging Markets UCITS ETF (USD) Distributing VDEM.L 0.05% 2.63M 0.17%
4 Vanguard FTSE Emerging Markets Shares ETF VGE.AX 0.04% 571.6K 0.48%
5 Vanguard FTSE Emerging Markets All Cap Index ETF VEE.TO 0.04% 1.29M 0.26%
6 Vanguard FTSE Asia ex Japan Shares Index ETF VAE.AX 0.04% 225.4K 0.40%
7 Vanguard All-World ex-US Shares Index ETF VEU.AX 0.01% 511.3K 0.04%
8 Vanguard FTSE All-World UCITS ETF (USD) Distributing VWRD.L 0.01% 5.71M 0.19%
9 Vanguard FTSE All-World UCITS ETF (USD) Accumulating VWRA.L 0.01% 5.71M 0.19%
10 Vanguard FTSE Global All Cap ex Canada Index ETF VXC.TO 0.00% 102.2K 0.22%

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
1.35M
Shares Outstanding
754.96M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Ashutosh Raghuvanshi MD, Chief Executive Officer & Director 96M
Satyendra Chauhan Company Secretary & Compliance Officer 2M male
Anurag Kalra Vice President of Investor Relations male
Bipin Kumar Chief Information Officer male
Daljit Singh President male
Prabhat Kumar Group General Counsel male
Ranjan Pandey Chief Human Resources Officer male
Ajey Maharaj Head of Corporate Communication & PR and Corporate Administration male
Vivek Kumar Goyal Chief Financial Officer male
Anil Vinayak Group Chief Operating Officer male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits