CMP: 110

Fortis Healthcare India Ltd. is a health care provider. The Company operates multi- specialty hospitals, a boutique-style hospital, and various satellite and heart command centers.

Fortis Healthcare is the second largest listed player in Health Care space next only to Apollo Hospitals. Its currently trading at a P/E of nearly 90 owing to losses in recent quarters. It runs at a debt of 450 Crores with cash in hand of 27 Crores. Debt to profits ratio is above 3Revenues have increased steadily from 123 Crores to 258 Crores in the last 4 years. Its turned around from losses to 142 Crores in the last 4 years. 2011 clocked impressive NPM of nearly 55%. 2012 has been less impressive so far. The management is aggressive with acquisitions and expansions. Buy at lower levels and hold for long term.