Professional Documents
Culture Documents
Comparative Analysis of Apollo Hospitals Enterprises Ltd. and Narayana Hrudayalaya Ltd.
Group 4
Amrit Anshuman 1711079 amrit.anshuman17@iimb.ac.in
Chahat Gupta 1711092 chahat.gupta17@iimb.ac.in
Kiran Singh R 1711105 kiran.singh17@iimb.ac.in
Prerna Gautam 1711118 prerna.gautam17@iimb.ac.in
Sanath Upadhya 1711131 sanath.upadhya17@iimb.ac.in
1 Table of Contents
Company Background ...........................................................................................................................................1
Apollo Hospitals Enterprises Ltd. .......................................................................................................................2
Narayana Hrudayalaya Ltd...................................................................................................................................2
Economic Analysis .................................................................................................................................................1
Significant Accounting Policies & Changes in accounting Methods & Estimates) .........................................1
Apollo Hospitals Enterprises Ltd. .......................................................................................................................2
Narayana Hrudayalaya Ltd...................................................................................................................................2
Discontinued operations and prior period errors ...............................................................................................1
Interpretation of Financial Statements ................................................................................................................1
Balance Sheet .......................................................................................................................................................5
Apollo Hospitals Enterprises Ltd. ...................................................................................................................6
Narayana Hrudayalaya Ltd ..............................................................................................................................6
Profit and Loss .....................................................................................................................................................5
Apollo Hospitals Enterprises Ltd. ...................................................................................................................6
Narayana Hrudayalaya Ltd ..............................................................................................................................6
Cash Flow (earnings quality) ...............................................................................................................................5
Apollo Hospitals Enterprises Ltd. ...................................................................................................................6
Narayana Hrudayalaya Ltd ..............................................................................................................................6
Ratio Analysis ......................................................................................................................................................5
Apollo Hospitals Enterprises Ltd. ...................................................................................................................6
Narayana Hrudayalaya Ltd ..............................................................................................................................6
Comparative Analysis ............................................................................................................................................1
Apollo Hospitals Enterprises Ltd. Vs Narayana Hrudayalaya Ltd .....................................................................2
Apollo Hospitals Enterprises Ltd. Vs Narayana Hrudayalaya Ltd Vs Industry...................................................2
1 Company Background
Company’s vision is “Apollo's vision for the next phase of development is to 'Touch a Billion Lives”.
5 hospitals of the group have been accredited by JCI, Joint Commission International.
2 Economic Analysis
Net Sales/Income from operations 122 113 122 114 110 103 106 100 98
Other Operating Income 272 260 286 184 87 107 100 -453% 1.03
Total Income From Operations 121 114 122 115 110 103 106 100 -100% 325.58
EXPENDITURE
Consumption of Raw Materials --
Purchase of Traded Goods 110 114 127 118 108 105 113 100 -105% 81.8
Increase/Decrease in Stocks 189 -11 -126 -34 169 3 -114 100 3700% 0.23
Power & Fuel --
Employees Cost 111 114 115 111 110 109 102 100 -100% 66.56
Depreciation 118 110 108 100 113 105 102 100 -100% 16.04
Excise Duty --
Admin. And Selling Expenses --
R & D Expenses --
Provisions And Contingencies --
Exp. Capitalised --
Other Expenses 127 114 122 115 110 103 107 100 -99% 156.01
P/L Before Other Inc. , Int., Excpt. Items & Tax 148 127 166 139 116 93 124 100 4% 4.94
Other Income 271 182 200 115 127 84 120 100 -44% 2.24
P/L Before Int., Excpt. Items & Tax 159 131 169 137 117 92 124 100 -45% 7.18
Interest 53 33 38 40 52 43 79 100 -103% 11.05
P/L Before Exceptional Items & Tax 197 167 216 172 141 109 140 100 113% -3.87
Exceptional Items --
P/L Before Tax 197 151 216 172 93 103 140 100 113% -3.87
Tax 267 194 260 211 128 160 158 100 --
P/L After Tax from Ordinary Activities 169 134 199 157 79 81 133 100 56% -3.87
Prior Year Adjustments --
Extra Ordinary Items --
Net Profit/(Loss) For the Period 169 134 199 157 79 81 133 100 56% -3.87
Equity Share Capital 102 102 102 101 102 102 100 100 162880% 0.35
Reserves Excluding Revaluation Reserves --
Equity Dividend Rate (%) --
EPS Before Extra Ordinary
Basic EPS -0.2
Diluted EPS -0.2
EPS After Extra Ordinary
Basic EPS -0.2
Diluted EPS -0.2
Ratio Analysis
1. Liquidity Ratios
a. Current Ratio
Current Ratio
Apollo Hospitals Enterprises Ltd.
Narayana Hrudayalaya Ltd.
2.86
2.45
2.13
1.82
0.83 0.95
b. Quick Ratio
Quick Ratio
Apollo Hospitals Enterprises Ltd.
Narayana Hrudayalaya Ltd.
2.43
1.95
1.69
1.37
0.67 0.79
2. Financing Ratios
a. Debt to equity Ratio
0.99
0.84
0.60 0.64 0.63
0.42
8.08
7.10 6.95
5.86
4.44
2.04
3. Activity Ratios
a. Asset Turnover Ratio
1.10
0.84 0.86 0.85
Receivables Turnover
ratio
Apollo Hospitals Enterprises Ltd.
Narayana Hrudayalaya Ltd.
8.51
8.11
7.63 7.70
47.8647.42
44.98
42.88
4. Profitability Ratios
a. Gross profit ratio
Gross Profit Ratio
Apollo Hospitals Enterprises Ltd.
Narayana Hrudayalaya Ltd.
74.9% 75.8%
c. Return on assets
Return of Assets
Apollo Hospitals Enterprises Ltd.
Narayana Hrudayalaya Ltd.
7.2%
6.5%
5.8%
4.3%
d. Return on equity
Return on Equity
Apollo Hospitals Enterprises Ltd.
Narayana Hrudayalaya Ltd.
6.5%
114.86
b. Earnings yield
Earnings Yield
Apollo Hospitals Enterprises Ltd.
Narayana Hrudayalaya Ltd.
2.4% 2.3%
1.9% 2.0%
0.9%
c. Dividend yield
Dividends Yield
Apollo Hospitals Enterprises Ltd.
0.59% 0.55%
0.44% 0.45%
d. Stock return
Stock Return
Apollo Hospitals Enterprises Ltd.
23.64%
13.71%
2.81%