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Fortis Healthcare Limited
Buy, Hold or Sell?

Let's analyse Fortis Healthcare Limited together

PenkeI guess you are interested in Fortis Healthcare Limited. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

I'm going to help you getting a better view of Fortis Healthcare Limited. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

You can find me behind Let's Analyse Together in the top-right of each section.

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Quick analysis of Fortis Healthcare Limited (30 sec.)










What can you expect buying and holding a share of Fortis Healthcare Limited? (30 sec.)

How much money do you get?

How much money do you get?
INR0.01
When do you have the money?
1 year
How often do you get paid?
80.0%

What is your share worth?

Current worth
INR107.30
Expected worth in 1 year
INR165.16
How sure are you?
50.0%

+ What do you gain per year?

Total Gains per Share
INR58.71
Return On Investment
14.0%

For what price can you sell your share?

Current Price per Share
INR420.20
Expected price per share
INR375.05 - INR469.70
How sure are you?
50%

1. Valuation of Fortis Healthcare Limited (5 min.)




Live pricePrice per Share (EOD)

INR420.20

Intrinsic Value Per Share

INR-25.45 - INR119.80

Total Value Per Share

INR81.85 - INR227.09

2. Growth of Fortis Healthcare Limited (5 min.)




Is Fortis Healthcare Limited growing?

Current yearPrevious yearGrowGrow %
How rich?$972m$840.9m$131m13.5%

How much money is Fortis Healthcare Limited making?

Current yearPrevious yearGrowGrow %
Making money$70.6m$66.6m$4m5.7%
Net Profit Margin9.3%9.8%--

How much money comes from the company's main activities?

3. Financial Health of Fortis Healthcare Limited (5 min.)




4. Comparing to competitors in the Medical Care Facilities industry (5 min.)




  Industry Rankings (Medical Care Facilities)  


Richest
#29 / 187

Most Revenue
#24 / 187

Most Profit
#18 / 187

What can you expect buying and holding a share of Fortis Healthcare Limited? (5 min.)

Welcome investor! Fortis Healthcare Limited's management wants to use your money to grow the business. In return you get a share of Fortis Healthcare Limited.

What can you expect buying and holding a share of Fortis Healthcare Limited?

First you should know what it really means to hold a share of Fortis Healthcare Limited. And how you can make/lose money.

Speculation

The Price per Share of Fortis Healthcare Limited is INR420.20. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

  • The fundamentals: the financial health trends of Fortis Healthcare Limited.
  • The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
  • The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in Fortis Healthcare Limited, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is INR107.30. Based on the TTM, the Book Value Change Per Share is INR14.47 per quarter. Based on the YOY, the Book Value Change Per Share is INR3.85 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is INR0.21 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Fortis Healthcare Limited.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 INR% of Price per ShareINR% of Price per ShareINR% of Price per ShareINR% of Price per ShareINR% of Price per Share
Usd Eps0.090.0%0.090.0%0.090.0%0.030.0%0.000.0%
Usd Book Value Change Per Share0.170.0%0.170.0%0.050.0%0.090.0%0.040.0%
Usd Dividend Per Share0.000.0%0.000.0%0.000.0%0.000.0%0.000.0%
Usd Total Gains Per Share0.180.0%0.180.0%0.050.0%0.090.0%0.040.0%
Usd Price Per Share3.12-3.12-3.48-2.43-2.10-
Price to Earnings Ratio33.33-33.33-39.49-13.19-78.19-
Price-to-Total Gains Ratio17.71-17.71-71.55-30.09--14.99-
Price to Book Ratio2.42-2.42-3.13-2.11-2.12-
Price-to-Total Gains Ratio17.71-17.71-71.55-30.09--14.99-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share5.0424
Number of shares198
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.000.00
Usd Book Value Change Per Share0.170.09
Usd Total Gains Per Share0.180.09
Gains per Quarter (198 shares)34.8717.92
Gains per Year (198 shares)139.5071.69
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
1213712927062
242752683140134
364124075210206
485505466280278
5106876858350350
61282582410420422
71496296311491494
8161100110213561566
9181237124114631638
10201375138016701710

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share1.00.00.0100.0%2.01.00.066.7%3.02.00.060.0%6.04.00.060.0%11.011.00.050.0%
Book Value Change Per Share1.00.00.0100.0%2.01.00.066.7%4.01.00.080.0%5.05.00.050.0%15.07.00.068.2%
Dividend per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%8.00.02.080.0%8.00.014.036.4%
Total Gains per Share1.00.00.0100.0%2.01.00.066.7%4.01.00.080.0%5.05.00.050.0%15.07.00.068.2%

Fundamentals of Fortis Healthcare Limited

About Fortis Healthcare Limited

Fortis Healthcare Limited, an integrated healthcare delivery service provider, offers secondary, tertiary, and quaternary care in India, the United Arab Emirates, Nepal, Sri Lanka, and internationally. Its healthcare verticals comprise hospitals, diagnostics, and day care specialty facilities. The company offers services in the areas of cardiac science, cosmetology, dental science, dermatology, diabetology/endocrinology, emergency and trauma, ENT, foetal medicine, gastroenterology and hepatology science, general surgery, haematology, infertility medicine, internal medicine, mental health and behavioral science, nephrology, neuro surgery, neurointerventional radiology, neurology, obstetrics and gynaecology, oncology, ophthalmology, orthopedics, pediatrics, physiotherapy and rehabilitation, plastic and reconstructive surgery, pulmonology, radiology, organ transplanrheumatology, thoracic surgery, transplantation medicine, urology, and other support specialties, as well as ear, nose, and throat. The company was founded in 1995 and is based in Gurugram, India.

Fundamental data was last updated by Penke on 2024-03-09 11:23:03.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a profit.
Using its assets, the company is less efficient in making profit.
Using its investors money, the company is less efficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating less efficient.
The company is less efficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is just not able to pay all its short-term debts.
The company is just able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is very able to pay all its debts by selling its assets.
The company is very able to pay all its debts with equity.

Valuation

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is underpriced.
Based on the earnings, the company is overpriced.
Based on how much money comes from the company's main activities, the company is overpriced.

1.1. Profitability of Fortis Healthcare Limited.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit Fortis Healthcare Limited earns for each ₹1 of revenue.

  • Above 10% is considered healthy but always compare Fortis Healthcare Limited to the Medical Care Facilities industry mean.
  • A Net Profit Margin of 9.3% means that ₹0.09 for each ₹1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Fortis Healthcare Limited:

  • The MRQ is 9.3%. The company is making a profit. +1
  • The TTM is 9.3%. The company is making a profit. +1
Trends
Current periodCompared to+/- 
MRQ9.3%TTM9.3%0.0%
TTM9.3%YOY9.8%-0.5%
TTM9.3%5Y2.2%+7.2%
5Y2.2%10Y-0.3%+2.5%
Compared to industry (Medical Care Facilities)
PeriodCompanyIndustry (mean)+/- 
MRQ9.3%2.2%+7.1%
TTM9.3%2.1%+7.2%
YOY9.8%3.4%+6.4%
5Y2.2%2.9%-0.7%
10Y-0.3%3.6%-3.9%
1.1.2. Return on Assets

Shows how efficient Fortis Healthcare Limited is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Fortis Healthcare Limited to the Medical Care Facilities industry mean.
  • 4.7% Return on Assets means that Fortis Healthcare Limited generated ₹0.05 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Fortis Healthcare Limited:

  • The MRQ is 4.7%. Using its assets, the company is less efficient in making profit.
  • The TTM is 4.7%. Using its assets, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ4.7%TTM4.7%0.0%
TTM4.7%YOY4.7%+0.1%
TTM4.7%5Y1.3%+3.4%
5Y1.3%10Y-0.2%+1.4%
Compared to industry (Medical Care Facilities)
PeriodCompanyIndustry (mean)+/- 
MRQ4.7%0.7%+4.0%
TTM4.7%0.6%+4.1%
YOY4.7%1.0%+3.7%
5Y1.3%0.8%+0.5%
10Y-0.2%1.0%-1.2%
1.1.3. Return on Equity

Shows how efficient Fortis Healthcare Limited is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Fortis Healthcare Limited to the Medical Care Facilities industry mean.
  • 8.1% Return on Equity means Fortis Healthcare Limited generated ₹0.08 for each ₹1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Fortis Healthcare Limited:

  • The MRQ is 8.1%. Using its investors money, the company is less efficient in making profit.
  • The TTM is 8.1%. Using its investors money, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ8.1%TTM8.1%0.0%
TTM8.1%YOY9.0%-0.9%
TTM8.1%5Y2.3%+5.8%
5Y2.3%10Y-0.6%+2.9%
Compared to industry (Medical Care Facilities)
PeriodCompanyIndustry (mean)+/- 
MRQ8.1%2.0%+6.1%
TTM8.1%2.1%+6.0%
YOY9.0%2.5%+6.5%
5Y2.3%2.1%+0.2%
10Y-0.6%2.5%-3.1%

1.2. Operating Efficiency of Fortis Healthcare Limited.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Fortis Healthcare Limited is operating .

  • Measures how much profit Fortis Healthcare Limited makes for each ₹1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare Fortis Healthcare Limited to the Medical Care Facilities industry mean.
  • An Operating Margin of 13.8% means the company generated ₹0.14  for each ₹1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Fortis Healthcare Limited:

  • The MRQ is 13.8%. The company is operating less efficient.
  • The TTM is 13.8%. The company is operating less efficient.
Trends
Current periodCompared to+/- 
MRQ13.8%TTM13.8%0.0%
TTM13.8%YOY14.0%-0.2%
TTM13.8%5Y9.7%+4.1%
5Y9.7%10Y6.0%+3.6%
Compared to industry (Medical Care Facilities)
PeriodCompanyIndustry (mean)+/- 
MRQ13.8%7.9%+5.9%
TTM13.8%6.8%+7.0%
YOY14.0%6.6%+7.4%
5Y9.7%6.4%+3.3%
10Y6.0%8.0%-2.0%
1.2.2. Operating Ratio

Measures how efficient Fortis Healthcare Limited is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Medical Care Facilities industry mean).
  • An Operation Ratio of 0.88 means that the operating costs are ₹0.88 for each ₹1 in net sales.

Let's take a look of the Operating Ratio trends of Fortis Healthcare Limited:

  • The MRQ is 0.875. The company is less efficient in keeping operating costs low.
  • The TTM is 0.875. The company is less efficient in keeping operating costs low.
Trends
Current periodCompared to+/- 
MRQ0.875TTM0.8750.000
TTM0.875YOY0.868+0.007
TTM0.8755Y0.930-0.054
5Y0.93010Y0.965-0.036
Compared to industry (Medical Care Facilities)
PeriodCompanyIndustry (mean)+/- 
MRQ0.8751.166-0.291
TTM0.8751.128-0.253
YOY0.8680.990-0.122
5Y0.9301.019-0.089
10Y0.9651.001-0.036

1.3. Liquidity of Fortis Healthcare Limited.

1.3. Liquidity
1.3.1. Current Ratio

Measures if Fortis Healthcare Limited is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Medical Care Facilities industry mean).
  • A Current Ratio of 0.99 means the company has ₹0.99 in assets for each ₹1 in short-term debts.

Let's take a look of the Current Ratio trends of Fortis Healthcare Limited:

  • The MRQ is 0.986. The company is just not able to pay all its short-term debts. -1
  • The TTM is 0.986. The company is just not able to pay all its short-term debts. -1
Trends
Current periodCompared to+/- 
MRQ0.986TTM0.9860.000
TTM0.986YOY0.893+0.094
TTM0.9865Y0.710+0.277
5Y0.71010Y0.921-0.212
Compared to industry (Medical Care Facilities)
PeriodCompanyIndustry (mean)+/- 
MRQ0.9861.286-0.300
TTM0.9861.308-0.322
YOY0.8931.383-0.490
5Y0.7101.386-0.676
10Y0.9211.413-0.492
1.3.2. Quick Ratio

Measures if Fortis Healthcare Limited is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but always compare Fortis Healthcare Limited to the Medical Care Facilities industry mean.
  • A Quick Ratio of 1.04 means the company can pay off ₹1.04 for each ₹1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Fortis Healthcare Limited:

  • The MRQ is 1.043. The company is just able to pay all its short-term debts with the most liquid assets.
  • The TTM is 1.043. The company is just able to pay all its short-term debts with the most liquid assets.
Trends
Current periodCompared to+/- 
MRQ1.043TTM1.0430.000
TTM1.043YOY1.002+0.041
TTM1.0435Y0.755+0.288
5Y0.75510Y1.100-0.345
Compared to industry (Medical Care Facilities)
PeriodCompanyIndustry (mean)+/- 
MRQ1.0430.941+0.102
TTM1.0430.961+0.082
YOY1.0021.037-0.035
5Y0.7551.182-0.427
10Y1.1001.125-0.025

1.4. Solvency of Fortis Healthcare Limited.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Fortis Healthcare Limited assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Fortis Healthcare Limited to Medical Care Facilities industry mean.
  • A Debt to Asset Ratio of 0.35 means that Fortis Healthcare Limited assets are financed with 34.9% credit (debt) and the remaining percentage (100% - 34.9%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Fortis Healthcare Limited:

  • The MRQ is 0.349. The company is very able to pay all its debts by selling its assets. +2
  • The TTM is 0.349. The company is very able to pay all its debts by selling its assets. +2
Trends
Current periodCompared to+/- 
MRQ0.349TTM0.3490.000
TTM0.349YOY0.410-0.062
TTM0.3495Y0.385-0.037
5Y0.38510Y0.371+0.014
Compared to industry (Medical Care Facilities)
PeriodCompanyIndustry (mean)+/- 
MRQ0.3490.543-0.194
TTM0.3490.548-0.199
YOY0.4100.518-0.108
5Y0.3850.564-0.179
10Y0.3710.533-0.162
1.4.2. Debt to Equity Ratio

Measures if Fortis Healthcare Limited is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare Fortis Healthcare Limited to the Medical Care Facilities industry mean.
  • A Debt to Equity ratio of 59.8% means that company has ₹0.60 debt for each ₹1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Fortis Healthcare Limited:

  • The MRQ is 0.598. The company is very able to pay all its debts with equity. +2
  • The TTM is 0.598. The company is very able to pay all its debts with equity. +2
Trends
Current periodCompared to+/- 
MRQ0.598TTM0.5980.000
TTM0.598YOY0.789-0.191
TTM0.5985Y0.694-0.095
5Y0.69410Y0.661+0.033
Compared to industry (Medical Care Facilities)
PeriodCompanyIndustry (mean)+/- 
MRQ0.5980.928-0.330
TTM0.5980.960-0.362
YOY0.7891.061-0.272
5Y0.6941.214-0.520
10Y0.6611.198-0.537

2. Market Valuation of Fortis Healthcare Limited

2.1. Earnings Per Share
2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every ₹1 in earnings Fortis Healthcare Limited generates.

  • Above 15 is considered overpriced but always compare Fortis Healthcare Limited to the Medical Care Facilities industry mean.
  • A PE ratio of 33.33 means the investor is paying ₹33.33 for every ₹1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Fortis Healthcare Limited:

  • The EOD is 53.884. Based on the earnings, the company is expensive. -2
  • The MRQ is 33.328. Based on the earnings, the company is overpriced. -1
  • The TTM is 33.328. Based on the earnings, the company is overpriced. -1
Trends
Current periodCompared to+/- 
EOD53.884MRQ33.328+20.556
MRQ33.328TTM33.3280.000
TTM33.328YOY39.494-6.166
TTM33.3285Y13.189+20.139
5Y13.18910Y78.194-65.004
Compared to industry (Medical Care Facilities)
PeriodCompanyIndustry (mean)+/- 
EOD53.88412.025+41.859
MRQ33.32810.707+22.621
TTM33.32813.872+19.456
YOY39.49411.719+27.775
5Y13.18913.630-0.441
10Y78.19419.337+58.857
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Fortis Healthcare Limited:

  • The EOD is 84.596. Based on how much money comes from the company's main activities, the company is overpriced. -1
  • The MRQ is 52.324. Based on how much money comes from the company's main activities, the company is overpriced. -1
  • The TTM is 52.324. Based on how much money comes from the company's main activities, the company is overpriced. -1
Trends
Current periodCompared to+/- 
EOD84.596MRQ52.324+32.272
MRQ52.324TTM52.3240.000
TTM52.324YOY33.734+18.589
TTM52.3245Y142.288-89.964
5Y142.28810Y36.026+106.261
Compared to industry (Medical Care Facilities)
PeriodCompanyIndustry (mean)+/- 
EOD84.5968.841+75.755
MRQ52.3247.243+45.081
TTM52.3246.347+45.977
YOY33.7345.533+28.201
5Y142.2886.145+136.143
10Y36.0265.110+30.916
2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of Fortis Healthcare Limited is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy (always compare to Medical Care Facilities industry mean).
  • A PB ratio of 2.42 means the investor is paying ₹2.42 for each ₹1 in book value.

Let's take a look of the Price to Book Ratio trends of Fortis Healthcare Limited:

  • The EOD is 3.916. Based on the equity, the company is fair priced.
  • The MRQ is 2.422. Based on the equity, the company is underpriced. +1
  • The TTM is 2.422. Based on the equity, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD3.916MRQ2.422+1.494
MRQ2.422TTM2.4220.000
TTM2.422YOY3.128-0.706
TTM2.4225Y2.110+0.312
5Y2.11010Y2.122-0.012
Compared to industry (Medical Care Facilities)
PeriodCompanyIndustry (mean)+/- 
EOD3.9161.971+1.945
MRQ2.4222.117+0.305
TTM2.4222.028+0.394
YOY3.1282.291+0.837
5Y2.1102.374-0.264
10Y2.1222.685-0.563
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Fortis Healthcare Limited compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share--14.46614.4660%3.847+276%7.374+96%3.574+305%
Book Value Per Share--107.296107.2960%92.830+16%95.752+12%82.845+30%
Current Ratio--0.9860.9860%0.893+10%0.710+39%0.921+7%
Debt To Asset Ratio--0.3490.3490%0.410-15%0.385-10%0.371-6%
Debt To Equity Ratio--0.5980.5980%0.789-24%0.694-14%0.661-9%
Dividend Per Share--0.2120.2120%0.2120%0.169+25%0.085+150%
Eps--7.7987.7980%7.353+6%2.101+271%0.269+2803%
Free Cash Flow Per Share--4.9674.9670%8.608-42%2.771+79%2.318+114%
Free Cash Flow To Equity Per Share---1.275-1.2750%1.756-173%8.767-115%-0.327-74%
Gross Profit Margin--0.6060.6060%0.708-14%0.477+27%1.390-56%
Intrinsic Value_10Y_max--119.797--------
Intrinsic Value_10Y_min---25.450--------
Intrinsic Value_1Y_max--7.078--------
Intrinsic Value_1Y_min--1.102--------
Intrinsic Value_3Y_max--25.022--------
Intrinsic Value_3Y_min--0.167--------
Intrinsic Value_5Y_max--47.492--------
Intrinsic Value_5Y_min---4.206--------
Market Cap317233358323.200+38%196213622665.200196213622665.2000%219239846179.200-11%152705452135.530+28%132359286484.725+48%
Net Profit Margin--0.0930.0930%0.098-5%0.022+329%-0.003+103%
Operating Margin--0.1380.1380%0.140-1%0.097+43%0.060+129%
Operating Ratio--0.8750.8750%0.868+1%0.930-6%0.965-9%
Pb Ratio3.916+38%2.4222.4220%3.128-23%2.110+15%2.122+14%
Pe Ratio53.884+38%33.32833.3280%39.494-16%13.189+153%78.194-57%
Price Per Share420.200+38%259.900259.9000%290.400-11%202.270+28%175.320+48%
Price To Free Cash Flow Ratio84.596+38%52.32452.3240%33.734+55%142.288-63%36.026+45%
Price To Total Gains Ratio28.628+38%17.70717.7070%71.548-75%30.087-41%-14.994+185%
Quick Ratio--1.0431.0430%1.002+4%0.755+38%1.100-5%
Return On Assets--0.0470.0470%0.047+1%0.013+268%-0.002+103%
Return On Equity--0.0810.0810%0.090-10%0.023+249%-0.006+107%
Total Gains Per Share--14.67814.6780%4.059+262%7.543+95%3.659+301%
Usd Book Value--972046800.000972046800.0000%840990588.000+16%867468854.400+12%750537975.600+30%
Usd Book Value Change Per Share--0.1740.1740%0.046+276%0.088+96%0.043+305%
Usd Book Value Per Share--1.2881.2880%1.114+16%1.149+12%0.994+30%
Usd Dividend Per Share--0.0030.0030%0.0030%0.002+25%0.001+150%
Usd Eps--0.0940.0940%0.088+6%0.025+271%0.003+2803%
Usd Free Cash Flow--45000000.00045000000.0000%77988312.000-42%25101672.000+79%21000834.000+114%
Usd Free Cash Flow Per Share--0.0600.0600%0.103-42%0.033+79%0.028+114%
Usd Free Cash Flow To Equity Per Share---0.015-0.0150%0.021-173%0.105-115%-0.004-74%
Usd Market Cap3806800299.878+38%2354563471.9822354563471.9820%2630878154.150-11%1832465425.626+28%1588311437.817+48%
Usd Price Per Share5.042+38%3.1193.1190%3.485-11%2.427+28%2.104+48%
Usd Profit--70647696.00070647696.0000%66614220.000+6%19034042.400+271%1914286.800+3591%
Usd Revenue--755715600.000755715600.0000%676637652.000+12%594992529.600+27%549559112.400+38%
Usd Total Gains Per Share--0.1760.1760%0.049+262%0.091+95%0.044+301%
 EOD+4 -4MRQTTM+0 -0YOY+19 -155Y+30 -610Y+29 -7

3.2. Fundamental Score

Let's check the fundamental score of Fortis Healthcare Limited based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1553.884
Price to Book Ratio (EOD)Between0-13.916
Net Profit Margin (MRQ)Greater than00.093
Operating Margin (MRQ)Greater than00.138
Quick Ratio (MRQ)Greater than11.043
Current Ratio (MRQ)Greater than10.986
Debt to Asset Ratio (MRQ)Less than10.349
Debt to Equity Ratio (MRQ)Less than10.598
Return on Equity (MRQ)Greater than0.150.081
Return on Assets (MRQ)Greater than0.050.047
Total5/10 (50.0%)

3.3. Technical Score

Let's check the technical score of Fortis Healthcare Limited based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5055.665
Ma 20Greater thanMa 50401.328
Ma 50Greater thanMa 100419.942
Ma 100Greater thanMa 200404.472
OpenGreater thanClose415.000
Total3/5 (60.0%)



Latest Balance Sheet

Balance Sheet of 2023-03-31. Currency in INR. All numbers in thousands.

Summary
Total Assets124,336,000
Total Liabilities43,332,100
Total Stockholder Equity72,422,600
 As reported
Total Liabilities 43,332,100
Total Stockholder Equity+ 72,422,600
Total Assets = 124,336,000

Assets

Total Assets124,336,000
Total Current Assets14,063,500
Long-term Assets110,272,500
Total Current Assets
Cash And Cash Equivalents 1,410,800
Short-term Investments 2,532,300
Net Receivables 8,392,800
Inventory 1,228,400
Other Current Assets 499,200
Total Current Assets  (as reported)14,063,500
Total Current Assets  (calculated)14,063,500
+/-0
Long-term Assets
Property Plant Equipment 50,773,100
Goodwill 41,409,900
Intangible Assets 4,359,400
Long-term Assets Other 8,184,471
Long-term Assets  (as reported)110,272,500
Long-term Assets  (calculated)104,726,871
+/- 5,545,629

Liabilities & Shareholders' Equity

Total Current Liabilities14,258,800
Long-term Liabilities29,073,300
Total Stockholder Equity72,422,600
Total Current Liabilities
Short-term Debt 1,708,700
Short Long Term Debt 1,309,300
Accounts payable 7,142,900
Other Current Liabilities 1,603,600
Total Current Liabilities  (as reported)14,258,800
Total Current Liabilities  (calculated)11,764,500
+/- 2,494,300
Long-term Liabilities
Long term Debt Total 7,548,500
Other Liabilities 21,524,830
Long-term Liabilities  (as reported)29,073,300
Long-term Liabilities  (calculated)29,073,330
+/- 30
Total Stockholder Equity
Common Stock7,549,600
Retained Earnings -10,140,743
Accumulated Other Comprehensive Income 2,846,246
Capital Surplus 72,151,940
Total Stockholder Equity (as reported)72,422,600
Total Stockholder Equity (calculated)72,407,043
+/- 15,557
Other
Capital Stock7,549,600
Cash And Equivalents3,627,200
Cash and Short Term Investments 3,943,100
Common Stock Shares Outstanding 754,958
Current Deferred Revenue3,803,600
Liabilities and Stockholders Equity 124,336,000
Net Debt 7,846,400
Net Invested Capital 79,454,100
Net Tangible Assets 26,653,415
Net Working Capital -195,300
Property Plant and Equipment Gross 50,773,100
Short Long Term Debt Total 9,257,200



Balance Sheet

Currency in INR. All numbers in thousands.

 Trend2023-03-312022-03-312021-03-312020-03-312019-03-312018-03-312017-03-312016-03-312015-03-312014-03-312013-03-312012-03-312011-03-312010-03-312009-03-312008-03-312007-03-312006-03-312005-03-312004-03-312003-03-312002-03-31
> Total Assets 
1,295,690
1,443,000
1,057,540
1,394,640
10,270,710
13,571,620
19,691,903
20,666,196
79,402,341
48,441,737
124,293,081
135,812,695
78,853,481
76,155,758
72,323,435
97,169,698
86,216,907
119,512,697
113,478,183
111,546,890
118,847,487
124,336,000
124,336,000118,847,487111,546,890113,478,183119,512,69786,216,90797,169,69872,323,43576,155,75878,853,481135,812,695124,293,08148,441,73779,402,34120,666,19619,691,90313,571,62010,270,7101,394,6401,057,5401,443,0001,295,690
   > Total Current Assets 
48,720
174,770
74,140
171,120
1,406,290
2,337,106
3,197,473
3,635,316
17,069,250
18,660,802
19,336,169
25,557,642
20,449,505
17,210,037
14,336,690
17,748,266
12,815,132
16,665,836
9,404,762
10,368,047
11,332,655
14,063,500
14,063,50011,332,65510,368,0479,404,76216,665,83612,815,13217,748,26614,336,69017,210,03720,449,50525,557,64219,336,16918,660,80217,069,2503,635,3163,197,4732,337,1061,406,290171,12074,140174,77048,720
       Cash And Cash Equivalents 
8,350
9,640
14,060
16,250
167,440
306,805
160,642
579,492
13,113,368
1,636,298
4,149,100
4,891,409
2,584,349
1,882,633
1,668,305
5,443,028
1,296,162
7,940,519
1,818,593
2,612,348
1,432,327
1,410,800
1,410,8001,432,3272,612,3481,818,5937,940,5191,296,1625,443,0281,668,3051,882,6332,584,3494,891,4094,149,1001,636,29813,113,368579,492160,642306,805167,44016,25014,0609,6408,350
       Short-term Investments 
16,880
134,930
30,690
54,260
382,240
948,006
1,823,425
1,478,499
1,929,894
14,524,848
0
3,893,027
9,934,099
6,158,174
5,659,051
3,936,361
4,249,600
1,408,914
839,020
1,552,106
2,693,320
2,532,300
2,532,3002,693,3201,552,106839,0201,408,9144,249,6003,936,3615,659,0516,158,1749,934,0993,893,027014,524,8481,929,8941,478,4991,823,425948,006382,24054,26030,690134,93016,880
       Net Receivables 
0
0
0
0
0
0
0
0
0
0
0
0
6,468,800
6,140,851
5,034,694
6,399,637
6,054,738
6,606,390
5,675,389
5,261,666
5,896,460
8,392,800
8,392,8005,896,4605,261,6665,675,3896,606,3906,054,7386,399,6375,034,6946,140,8516,468,800000000000000
       Inventory 
18,100
15,970
12,460
21,270
102,480
108,384
123,455
132,606
237,784
263,343
799,157
925,026
619,757
639,688
619,048
615,667
666,276
565,334
781,791
767,632
1,229,003
1,228,400
1,228,4001,229,003767,632781,791565,334666,276615,667619,048639,688619,757925,026799,157263,343237,784132,606123,455108,384102,48021,27012,46015,97018,100
       Other Current Assets 
5,390
14,230
16,930
79,340
754,130
973,911
1,089,951
1,444,719
1,788,204
2,236,313
14,387,912
15,848,180
7,311,300
8,529,542
6,390,286
7,753,210
6,603,094
144,679
289,969
174,295
81,545
499,200
499,20081,545174,295289,969144,6796,603,0947,753,2106,390,2868,529,5427,311,30015,848,18014,387,9122,236,3131,788,2041,444,7191,089,951973,911754,13079,34016,93014,2305,390
   > Long-term Assets 
1,246,970
1,268,230
983,400
1,223,520
8,864,420
11,234,514
16,494,430
17,030,880
62,333,091
29,780,935
104,956,912
110,255,053
58,403,976
58,945,721
57,986,745
79,421,432
73,401,775
102,846,861
104,073,421
101,178,843
107,514,832
110,272,500
110,272,500107,514,832101,178,843104,073,421102,846,86173,401,77579,421,43257,986,74558,945,72158,403,976110,255,053104,956,91229,780,93562,333,09117,030,88016,494,43011,234,5148,864,4201,223,520983,4001,268,2301,246,970
       Property Plant Equipment 
1,246,970
1,268,220
983,390
1,221,840
4,541,070
4,712,218
9,199,644
9,698,557
15,683,767
18,018,197
27,645,550
20,540,994
19,366,735
19,673,627
16,609,797
32,093,674
30,429,957
51,150,023
52,093,668
51,785,080
51,436,859
50,773,100
50,773,10051,436,85951,785,08052,093,66851,150,02330,429,95732,093,67416,609,79719,673,62719,366,73520,540,99427,645,55018,018,19715,683,7679,698,5579,199,6444,712,2184,541,0701,221,840983,3901,268,2201,246,970
       Goodwill 
0
0
0
0
0
3,817,100
3,926,948
3,960,616
8,626,183
8,845,545
0
73,784,925
22,988,942
23,802,510
21,866,343
23,258,729
20,487,985
37,207,596
37,207,596
37,217,110
41,232,075
41,409,900
41,409,90041,232,07537,217,11037,207,59637,207,59620,487,98523,258,72921,866,34323,802,51022,988,94273,784,92508,845,5458,626,1833,960,6163,926,9483,817,10000000
       Long Term Investments 
0
0
0
0
0
0
0
0
0
0
0
0
8,302,113
8,476,818
8,829,777
14,862,661
13,968,598
1,903,073
0
0
0
0
00001,903,07313,968,59814,862,6618,829,7778,476,8188,302,113000000000000
       Intangible Assets 
0
0
0
0
0
372,664
333,736
345,915
965,429
1,081,853
0
852,870
583,144
982,514
1,289,453
1,519,249
1,263,292
907,386
759,686
637,831
3,422,840
4,359,400
4,359,4003,422,840637,831759,686907,3861,263,2921,519,2491,289,453982,514583,144852,87001,081,853965,429345,915333,736372,66400000
       Other Assets 
0
0
0
0
0
0
0
0
0
0
0
0
7,163,042
6,856,784
2,519,561
7,687,119
7,251,945
11,678,783
12,267,021
9,678,478
10,387,059
4,308,300
4,308,30010,387,0599,678,47812,267,02111,678,7837,251,9457,687,1192,519,5616,856,7847,163,042000000000000
> Total Liabilities 
842,950
1,156,300
694,900
954,440
6,978,220
7,556,652
5,538,943
7,264,758
58,403,174
14,519,765
83,445,929
81,791,796
27,937,241
27,450,040
24,219,637
34,062,052
33,047,352
48,387,765
41,422,320
44,368,778
48,764,938
43,332,100
43,332,10048,764,93844,368,77841,422,32048,387,76533,047,35234,062,05224,219,63727,450,04027,937,24181,791,79683,445,92914,519,76558,403,1747,264,7585,538,9437,556,6526,978,220954,440694,9001,156,300842,950
   > Total Current Liabilities 
155,520
135,790
201,740
213,330
787,280
1,584,746
1,759,407
2,462,492
3,693,357
3,550,127
45,111,113
31,082,377
9,761,444
15,989,613
14,762,080
19,264,539
21,348,063
35,909,836
25,789,289
12,330,390
12,694,336
14,258,800
14,258,80012,694,33612,330,39025,789,28935,909,83621,348,06319,264,53914,762,08015,989,6139,761,44431,082,37745,111,1133,550,1273,693,3572,462,4921,759,4071,584,746787,280213,330201,740135,790155,520
       Short-term Debt 
16,880
0
0
0
0
0
0
0
0
0
0
16,580,490
2,559,843
7,971,705
6,549,406
9,409,157
10,140,689
13,356,411
4,277,281
3,312,408
2,221,930
1,708,700
1,708,7002,221,9303,312,4084,277,28113,356,41110,140,6899,409,1576,549,4067,971,7052,559,84316,580,490000000000016,880
       Short Long Term Debt 
0
0
0
0
0
0
0
0
0
0
0
0
19,133,375
7,510,276
1,330,404
9,390,655
10,109,911
13,340,041
3,999,324
1,796,300
1,865,700
1,309,300
1,309,3001,865,7001,796,3003,999,32413,340,04110,109,9119,390,6551,330,4047,510,27619,133,375000000000000
       Accounts payable 
0
0
0
0
0
850,559
827,245
772,898
1,944,057
303,968
7,730,376
8,793,313
4,817,050
5,250,829
5,752,902
5,886,606
7,829,611
7,535,249
5,976,303
5,482,017
6,609,250
7,142,900
7,142,9006,609,2505,482,0175,976,3037,535,2497,829,6115,886,6065,752,9025,250,8294,817,0508,793,3137,730,376303,9681,944,057772,898827,245850,55900000
       Other Current Liabilities 
138,640
135,790
201,740
213,330
787,280
734,187
932,162
1,689,594
1,749,300
3,246,159
37,380,737
5,708,574
2,384,551
2,767,079
2,459,772
3,810,629
3,350,143
14,957,087
20,392
24,750
166,732
1,603,600
1,603,600166,73224,75020,39214,957,0873,350,1433,810,6292,459,7722,767,0792,384,5515,708,57437,380,7373,246,1591,749,3001,689,594932,162734,187787,280213,330201,740135,790138,640
   > Long-term Liabilities 
687,430
1,020,510
493,160
741,110
6,190,940
5,971,906
3,779,536
4,802,266
54,709,817
10,969,638
38,334,816
50,709,419
18,175,797
11,460,427
9,457,557
14,797,513
11,699,289
12,477,929
15,633,031
32,038,388
36,070,602
29,073,300
29,073,30036,070,60232,038,38815,633,03112,477,92911,699,28914,797,5139,457,55711,460,42718,175,79750,709,41938,334,81610,969,63854,709,8174,802,2663,779,5365,971,9066,190,940741,110493,1601,020,510687,430
       Long term Debt Total 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
8,668,595
12,787,011
9,481,274
6,746,275
11,665,480
11,993,118
10,327,400
7,548,500
7,548,50010,327,40011,993,11811,665,4806,746,2759,481,27412,787,0118,668,59500000000000000
       Other Liabilities 
0
0
0
0
0
0
0
0
0
0
0
0
1,588,955
1,383,429
620,583
2,010,502
2,225,715
5,731,654
3,967,551
20,045,270
25,743,230
21,524,830
21,524,83025,743,23020,045,2703,967,5515,731,6542,225,7152,010,502620,5831,383,4291,588,955000000000000
       Deferred Long Term Liability 
0
0
0
0
0
0
0
0
0
0
0
0
20,419
0
0
0
0
0
0
0
0
0
00000000020,419000000000000
> Total Stockholder Equity
452,740
286,700
218,340
226,590
3,112,870
5,821,459
13,938,777
13,185,694
20,654,248
33,618,373
32,538,798
43,808,693
49,523,648
47,176,294
46,672,842
51,434,846
40,617,237
66,008,029
66,610,882
61,198,112
61,782,421
72,422,600
72,422,60061,782,42161,198,11266,610,88266,008,02940,617,23751,434,84646,672,84247,176,29449,523,64843,808,69332,538,79833,618,37320,654,24813,185,69413,938,7775,821,4593,112,870226,590218,340286,700452,740
   Common Stock
606,980
739,530
749,050
846,540
1,700,000
2,076,701
2,382,665
2,387,065
3,216,500
4,094,299
4,095,061
4,095,337
4,627,863
4,628,054
4,631,299
5,177,276
5,186,572
7,549,549
7,549,581
7,549,581
7,549,581
7,549,600
7,549,6007,549,5817,549,5817,549,5817,549,5495,186,5725,177,2764,631,2994,628,0544,627,8634,095,3374,095,0614,094,2993,216,5002,387,0652,382,6652,076,7011,700,000846,540749,050739,530606,980
   Retained Earnings 
-261,500
-461,880
-530,710
-635,750
-1,212,770
0
0
0
0
0
0
4,543,580
4,438,679
2,506,230
3,864,338
8,349,218
-2,687,237
-16,955,533
-16,398,169
-21,846,975
-16,280,917
-10,140,743
-10,140,743-16,280,917-21,846,975-16,398,169-16,955,533-2,687,2378,349,2183,864,3382,506,2304,438,6794,543,580000000-1,212,770-635,750-530,710-461,880-261,500
   Accumulated Other Comprehensive Income 
-54,890
-131,960
-168,760
-254,480
-2,192,670
-2,473,920
-2,803,162
-3,172,032
-3,761,631
-4,538,454
0
-8,923,403
-8,554,542
-9,883,437
-9,825,830
-3,722,365
-5,344,884
-7,804,874
-9,542,793
3,327,966
2,847,846
2,846,246
2,846,2462,847,8463,327,966-9,542,793-7,804,874-5,344,884-3,722,365-9,825,830-9,883,437-8,554,542-8,923,4030-4,538,454-3,761,631-3,172,032-2,803,162-2,473,920-2,192,670-254,480-168,760-131,960-54,890
   Capital Surplus 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
29,473,103
34,333,846
34,417,026
72,151,726
72,151,940
72,151,940
72,151,940
72,151,940
72,151,94072,151,94072,151,94072,151,94072,151,72634,417,02634,333,84629,473,10300000000000000
   Treasury Stock0000000000000000000000
   Other Stockholders Equity 
162,150
141,010
168,760
270,280
4,808,310
6,218,678
14,359,274
13,970,661
21,199,379
34,062,528
28,443,737
37,393,179
42,311,648
43,225,447
41,303,035
41,630,717
43,462,786
83,218,887
4,357,213
72,167,540
8,731,336
72,167,497
72,167,4978,731,33672,167,5404,357,21383,218,88743,462,78641,630,71741,303,03543,225,44742,311,64837,393,17928,443,73734,062,52821,199,37913,970,66114,359,2746,218,6784,808,310270,280168,760141,010162,150



Balance Sheet

Currency in INR. All numbers in thousands.




Cash Flow

Currency in INR. All numbers in thousands.




Income Statement

Currency in INR. All numbers in thousands.


Latest Income Statement (annual, 2023-03-31)

Gross Profit (+$)
totalRevenue62,976,300
Cost of Revenue-27,661,700
Gross Profit35,314,60035,314,600
 
Operating Income (+$)
Gross Profit35,314,600
Operating Expense-27,458,600
Operating Income7,843,8997,856,000
 
Operating Expense (+$)
Research Development0
Selling General Administrative1,244,385
Selling And Marketing Expenses2,319,938
Operating Expense27,458,6003,564,323
 
Net Interest Income (+$)
Interest Income1,072,500
Interest Expense-1,290,900
Other Finance Cost-1,072,500
Net Interest Income-1,290,900
 
Pretax Income (+$)
Operating Income7,843,899
Net Interest Income-1,290,900
Other Non-Operating Income Expenses0
Income Before Tax (EBT)8,136,8007,488,739
EBIT - interestExpense = 7,400,700
7,694,308
7,178,208
Interest Expense1,290,900
Earnings Before Interest and Taxes (EBIT)8,691,6009,427,700
Earnings Before Interest and Taxes (EBITDA)11,849,000
 
After tax Income (+$)
Income Before Tax8,136,800
Tax Provision-1,807,000
Net Income From Continuing Ops6,329,8006,329,800
Net Income5,887,308
Net Income Applicable To Common Shares5,887,300
 
Non-recurring Events
Discontinued Operations0
Extraordinary Items0
Effect of Accounting Charges0
Other Items0
Non Recurring0
Other Operating Expenses55,120,300
Total Other Income/Expenses Net355,1601,290,900
 

Technical Analysis of Fortis Healthcare Limited
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of Fortis Healthcare Limited. The general trend of Fortis Healthcare Limited is BULLISH with 57.1% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Fortis Healthcare Limited's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitionsBullish trend (57.1%) Bearish trend (-57.1%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Nuetral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Nuetral to overboughtOverbought=Overbought

1. Price Targets

1.1 Support & Resistance

Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.

Support is a price level at which demand for an asset is strong enough to prevent the price from falling further.
Resistance is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.


Score

Let's take a look at the Support & Resistance of Fortis Healthcare Limited.

The long score for the Support & Resistance is 1/1.
The longshort score for the Support & Resistance is 1/(-1 +1).

  • Around support: The price is currently trading around a support level. This can be considered as a potential entry level. +1

The bullish price targets are: 452.90 < 469.70.

The bearish price targets are: 416.55 > 376.15 > 375.05.

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Fortis Healthcare Limited Daily Support & Resistance Chart

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

  • Moving averages are lagging trend indicators.
  • There are many types of moving averages.
  • Moving averages are also used within other indicators.

Score

Let's take a look at the Moving Averages of Fortis Healthcare Limited. The current mas is .

The long score for the Moving Averages is 11/14.
The longshort score for the Moving Averages is 8/(-14 +14).

  • MA 20 trending down: The MA 20 is trending down. -1
  • Close > MA 20: The price is above the MA 20. +1
  • MA 20 < MA 50: The MA 20 is lower than the MA 50. -1
  • MA 20 < MA 100: The MA 20 is lower than the MA 100. -1
  • MA 20 > MA 200: The MA 20 is higher than the MA 200. +1
  • MA 50 trending up: The MA 50 is trending up. +1
  • Close > MA 50: The price is above the MA 50. +1
  • MA 50 > MA 100: The MA 50 is higher than the MA 100. +1
  • MA 50 > MA 200: The MA 50 is higher than the MA 200. +1
  • MA 100 trending up: The MA 100 is trending up. +1
  • Close > MA 100: The price is above the MA 100. +1
  • MA 100 > MA 200: The MA 100 is higher than the MA 200. +1
  • MA 200 trending up: The MA 200 is trending up. +1
  • Close > MA 200: The price is above the MA 200. +1

Directionalities and relatives.

Moving AverageAmount of candlesTrendPrice +/-vs. MA 50vs. MA 100vs. MA 200
MA 2020
MA 5050-
MA 100100--
MA 200200---

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

Fortis Healthcare Limited Daily Moving Averages Chart
2.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

  • MACD is a lagging momentum indicator.
  • Uses two moving averages.
  • Can show buy or sell signals based on momentum.
  • Can show overbought. and oversold. levels.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of Fortis Healthcare Limited. The current macd is -2.43373972.

The long score for the Moving Average Convergence/Divergence (MACD) is 3/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is 2/(-4 +4).

  • MACD line > signal line: The MACD line is above the signal line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Fortis Healthcare Limited price going up in the near term. +2
  • MACD < 0: The MACD is below the zero line (centerline), it indicates a bearish signal for Fortis Healthcare Limited. This means that the short-term moving average is lower than the long-term moving average, signaling negative momentum and suggesting a higher likelihood of the Fortis Healthcare Limited price continuing to fall in the near future. It indicates that sellers are gaining control, and there is negativism in the market, leading to potential price decreases. -1
  • Trending up: The MACD line is trending up. This indicates that the short-term moving average is rising faster than the long-term moving average, suggesting positive momentum in the market. This signals that buyers are becoming more active and confident, leading to potential price increases as traders anticipate further gains and are willing to buy at higher prices. +1
Fortis Healthcare Limited Daily Moving Average Convergence/Divergence (MACD) ChartFortis Healthcare Limited Daily Moving Average Convergence/Divergence (MACD) Chart
2.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.


Score

Let's take a look at the Directional Movement Index (DMI) of Fortis Healthcare Limited. The current adx is 18.33.

The long score for the Directional Movement Index (DMI) is 1/7.
The longshort score for the Directional Movement Index (DMI) is 1/(-7 +7).

  • PLUS_ID > MINUS_DI: The +DI line is above the -DI line. This indicates a bullish signal in the market, as the positive directional movement is currently stronger than the negative directional movement, showing that buyers have the upper hand. Market psychology suggests that traders are optimistic, expecting further price increases, and are more willing to buy Fortis Healthcare Limited shares, leading to potential upward momentum in its price. +1
  • PLUS_ID > MINUS_DI && ADX < 25 && ADX trending down: The ADX is below 25 and indicates a weak or no trend. Also, the ADX is declining so there is no trend indication.
Fortis Healthcare Limited Daily Directional Movement Index (DMI) Chart
2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

  • Parabolic SAR (stop and reverse) is a lagging trend indicator.
  • Shows the current trend.
  • Shows potential entry signals.
  • Shows  potential exit signals.
  • Can be used to place trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of Fortis Healthcare Limited. The current sar is 379.45.

The long score for the Parabolic SAR is 1/1.
The longshort score for the Parabolic SAR is 1/(-1 +1).

  • Close > SAR: The price is above the SAR. It's generally considered a bullish signal. +1
Fortis Healthcare Limited Daily Parabolic SAR Chart

3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

  • Leading momentum indicator, meaning the signals are instant.
  • Ranges between 0 and 100.
  • Above 70 is considered overbought.
  • Below 30 is considered oversold.
  • Above or below 50 can also be used to determine price trend or support and resistance.
  • RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
  • Can be used in many different ways

Score

Let's take a look at the Relative Strength Index (RSI) of Fortis Healthcare Limited. The current rsi is 55.67. The current phase is Continuation in bull market.

The long score for the Relative Strength Index (RSI) is 4/13.
The longshort score for the Relative Strength Index (RSI) is 4/(-13 +13).

  • Continuation in bull market: Uptrend continues after a consolidation or pullback. Hold or add to existing positions.
  • Trending up: The RSI is trending up. +1
Fortis Healthcare Limited Daily Relative Strength Index (RSI) ChartFortis Healthcare Limited Daily Relative Strength Index (RSI) Chart
3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

  • Leading momentum indicator, meaning the signals are instant.
  • Used to determine overbought and oversold areas much like the RSI.
  • Ranges between 0 and 100.
  • Above 80 is considered overbought.
  • Below 20 is considered oversold.
  • Consists of two lines named K and D.
  • K compares the highest high and lowest low on the selected price range.
  • The D line is a moving average of the K line.
  • Can be used to spot divergences

Score

Let's take a look at the Stochastic Oscillator of Fortis Healthcare Limited. The current phase is Overbought in bull market.

The long score for the Stochastic Oscillator is 6/6.
The longshort score for the Stochastic Oscillator is 6/(-6 +6).

  • STOCH > 50: The STOCH %K is above 50. There are more buyers than sellers. +1
  • STOCH > 80: The STOCH %K is above 80 and overbought. +2
  • STOCH %K line > STOCH %D line: The STOCH %K line is above the STOCH %D line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Fortis Healthcare Limited price going up in the near term. +2
  • Trending up: The STOCH %K is trending up. +1
Fortis Healthcare Limited Daily Stochastic Oscillator ChartFortis Healthcare Limited Daily Stochastic Oscillator Chart
3.3 Commodity Channel Index (CCI)

Measures the difference between the current price and the historical average price.

  • Lagging or leading Momentum indicator
  • When the CCI is above zero, the price is above the historical average
  • When the CCI is below zero, the price is below the historical average
  • Used for spotting trends
    • If the CCI moves from negative or near zero to positive 100 that might indicate an uptrend
    • If the CCI moves from positive or near zero to negative -100 that might indicate a downtrend

Score

Let's take a look at the Commodity Channel Index (CCI) of Fortis Healthcare Limited. The current cci is 132.84.

The long score for the Commodity Channel Index (CCI) is 1/1.
The longshort score for the Commodity Channel Index (CCI) is 1/(-1 +1).

  • CCI > 100: The CCI is above 100, it indicates that the price is significantly above its average, suggesting a potential overbought condition. +1
Fortis Healthcare Limited Daily Commodity Channel Index (CCI) ChartFortis Healthcare Limited Daily Commodity Channel Index (CCI) Chart
3.4 Chande Momentum Oscillator (CMO)

Measures the difference between the sum of recent gains and the sum of recent losses. Then divides the result by the sum of all price movements in that period.

  • Lagging momentum indicator
  • Ranges between +100 and -100
  • Considered overbought above +50
  • Considered oversold below -50
  • It's possible to add a moving average that acts as a signal line

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of Fortis Healthcare Limited. The current cmo is 23.60.

The long score for the Chande Momentum Oscillator (CMO) is 1/1.
The longshort score for the Chande Momentum Oscillator (CMO) is 1/(-1 +1).

  • CMO > 0: The CMO is above 0, the momentum of the price is positive, indicating a potential uptrend in the price. +1
Fortis Healthcare Limited Daily Chande Momentum Oscillator (CMO) ChartFortis Healthcare Limited Daily Chande Momentum Oscillator (CMO) Chart
3.5 Williams %R

 Shows the current price relative to the highest high over the last 14 days.
 

  • Lagging momentum indicator
  • Ranging between 0 and -100
  • Above -20 is considered overbought
  • Below -80 is considered oversold
  • Is prone to give false signals

Score

Let's take a look at the Williams %R of Fortis Healthcare Limited. The current willr is -3.9817975.

The long score for the Williams %R is 1/1.
The longshort score for the Williams %R is 1/(-1 +1).

  • WILLR > -20: The Williams %R is above -20. This indicates that the price is in overbought territory, suggesting a potential price correction or trend reversal to the downside. +1
Fortis Healthcare Limited Daily Williams %R ChartFortis Healthcare Limited Daily Williams %R Chart

4. Volatility Indicators

4.1 Bollinger Bands

Shows if the price is to high or to low relative to an average.

  • Lagging volatility indicator
  • Uses 3 bands: one upper, one lower and one in the middle
  • Works best when the middle band reflects an intermediate trend (MA20).
  • When the price is moving closer to the upper band, the market might be overbought
  • When the price is moving closer to the lower band, the market might be oversold 

Score

Let's take a look at the Bollinger Bands of Fortis Healthcare Limited.

Fortis Healthcare Limited Daily Bollinger Bands Chart
4.2 Average True Range (ATR)
Measures market volatility
  • Leading volatility indicator
  • Can be used to determine stop-loss positions
  • Calculated by:
    • Current high minus the current low
    • Current high minus the previous close
    • Current low minus the previous close
  • The larger the range of the candles, the greater the ATR value

Score

Let's take a look at the Average True Range (ATR) of Fortis Healthcare Limited. The current atr is 14.75.

Fortis Healthcare Limited Daily Average True Range (ATR) ChartFortis Healthcare Limited Daily Average True Range (ATR) Chart

5. Volume Indicators

5.1 On-Balance Volume (OBV)

 Measures market volatility

  • Leading momentum indicator
  • Calculation:
    • If the closing price is above the previous closing price: OBV = previous OBV + current volume
    • If the closing price is below the previous closing price: OBV = previous OBV - current volume
    • If the closing price is the same as the previous closing price than the OBV is the same.
  • Can be used to confirm price trends
  • Can be used with divergences

Score

Let's take a look at the On-Balance Volume (OBV) of Fortis Healthcare Limited. The current obv is -2,209,556.

Fortis Healthcare Limited Daily On-Balance Volume (OBV) ChartFortis Healthcare Limited Daily On-Balance Volume (OBV) Chart
5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

  • Lagging momentum indicator
  • Looks like RSI but uses volume as an extra metric (RSI only considers price)
  • Above 80 is considered overbought
  • Below 20 is considered oversold
  • Can be used with divergences

Score

Let's take a look at the Money Flow Index (MFI) of Fortis Healthcare Limited. The current mfi is 81.91.

The long score for the Money Flow Index (MFI) is 2/2.
The longshort score for the Money Flow Index (MFI) is 2/(-2 +2).

  • MFI > 50: +1
  • MFI > 80: +1
Fortis Healthcare Limited Daily Money Flow Index (MFI) ChartFortis Healthcare Limited Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Fortis Healthcare Limited.

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

DateIndicatorSignal
2023-11-07WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-11-09DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH LONG EXITThe %K line crosses below the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2023-11-10BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-11-13STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-15RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-20STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-21WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-11-22SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-24STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-11-29SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2023-12-01STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-04STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-06STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-07RSI SHORT ENTRY LONG CLOSE70 crossover to downside
2023-12-11STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-12-12MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2023-12-14MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2023-12-15STOCH LONG EXITThe %K line crosses below the %D line.
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2023-12-18MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
RSI SHORT ENTRY LONG CLOSE70 crossover to downside
2023-12-19STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-12-20RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-21SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2023-12-26STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-27CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2023-12-28SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2023-12-29MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-01STOCH LONG EXITThe %K line crosses below the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-05STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-08RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-10MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2024-01-11STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-12STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-15SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-01-17STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-01-18STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-19STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-23STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-24STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-01-29STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-30CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-01-31STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-01SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
2024-02-02STOCH LONG EXITThe %K line crosses below the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-02-05STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-06MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-07RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-12MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-02-13STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-02-14DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-02-15STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-02-19STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-20DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-21CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-02-22MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2024-02-23MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-26DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-02-28CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-02-29BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2024-03-05MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-03-06STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-07RSI LONG ENTRY SHORT CLOSE30 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-03-11CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-03-12CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-03-13STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-03-14STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-15STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-03-18STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-20MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2024-03-21SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
2024-03-22CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-03-26DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-03-28CCI LONG ENTRY SHORT CLOSE100 crossover to upside
MFI LONG ENTRY SHORT CLOSE80 crossover to upside

6.3. Candlestick Patterns

Fortis Healthcare Limited Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of Fortis Healthcare Limited based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5055.665
Ma 20Greater thanMa 50401.328
Ma 50Greater thanMa 100419.942
Ma 100Greater thanMa 200404.472
OpenGreater thanClose415.000
Total3/5 (60.0%)
Penke

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