RedixFi
Pre-openNIFTY24,536.6+2.4%
Market feed live

FORTIS · Fortis Healthcare Ltd · Healthcare Facilities

FORTIS · Fortis Healthcare Ltd · Healthcare Facilities

₹819.8+3.7%

As of 05 Nov close

52-week range

52wk low ₹704.9552wk high ₹1,057.45

22.5% below 52-week high

52-week range: as of 05 Nov 2026 close.

Price chartDaily closes on the stock page.

Stock Condition:Pro

Weighted combination of 8 measured readings. Not a probability, a rating or a forecast.

Full signal detail →

Fundamentals as of 15 Sep 2026 · the company's own latest record is 52 days old

FII holding falling for 2+ quarters

Revenue (latest Q)

₹2,545 Cr

Revenue YoY

PAT YoY

+2.4%

Operating margin

Revenue, last 8 quarters

P/E (TTM)

P/B

14.6

P/S (TTM)

7.1

Sector P/E

29.7

Dividend yield

+0.1%

CompanyP/EP/BNet marginROED/EDiv. yield
FORTIS (this stock)6914.6+11.0%+10.6%0.35+0.1%
Apollo Hospitals Enterprise64.913.4+7.8%+21.9%53.8+0.2%
Max Healthcare Institute71.59.9+17.2%+14.3%27.71+0.2%
Aster DM Healthcare126.915.5+6.5%+7.0%0.49+0.4%

Promoter

stable

FII

falling 3q

MF

25.81% (+0.09pp)

rising 2q

Insider trades

No insider trades in the last 12 months.

Bulk/block deals

No bulk/block deals in the last 12 months.

News timeline

Concalls & investor presentations

AI-generated
Concall transcriptNeutral10 Sept 2026
View source filing →

Key takeaway: The earnings call transcript for Fortis Healthcare Limited on September 4, 2026, discusses the company's response to a Delhi High Court order mandating a forensic audit. Management emphasized that the audit scope includes examining the evolution of FHHPL, the acquisition of controlling stake by IHH/NTK, and the role of banks in asset dissipation. The audit is expected to take six months, with a report to follow. Management stated they have full compliance with laws and do not foresee significant adverse outcomes. They reiterated that strategic and operational plans, including M&A and growth initiatives, remain unaffected. IHH confirmed its commitment to Fortis, including plans to increase its stake to 51% over the next 3-5 years. Legal teams are reviewing options, but cooperation with the audit is assured. Operational focus remains on patient care and growth, with no impact on ongoing plans. Legal costs are expected to be similar to previous years, and the company is prepared to handle any outcomes of the audit.

The summary presents factual details from the call without expressing positive or negative bias.

Sourced from an exchange-filed transcript, dated 10 Sept 2026. Summary is RedixFi-generated and distinct from investment advice.

Concall transcriptPositive11 Aug 2026
View source filing →

Key takeaway: Fortis Healthcare Limited reported a consolidated revenue of INR 2,545 crores for Q1 FY27, reflecting a growth of 17.5% compared to the same quarter last year. The hospital business revenue increased by 19% to INR 2,187 crores, while the diagnostic business revenue grew by 10.2% to INR 407 crores. The operating EBITDA pre-ESOP expenses rose by 15.8% to INR 568 crores, with a margin of 22.3%. The company noted a steady hospital occupancy rate of 69% and an increase in occupied beds by 17%. Management highlighted the successful integration of recent acquisitions and ongoing expansion plans, including a new 300-bedded hospital in Cuttack. The diagnostics segment also showed growth, with a focus on enhancing operational efficiencies and expanding customer touchpoints. Management expressed confidence in sustaining growth momentum across both hospital and diagnostic businesses.

Management emphasized strong growth and operational performance across business segments.

Sourced from an exchange-filed transcript, dated 11 Aug 2026. Summary is RedixFi-generated and distinct from investment advice.

Investor presentationPositive06 Aug 2026
View source filing →

Key takeaway: Fortis Healthcare Limited's investor presentation for Q1 FY27 reported consolidated revenue of INR 2,545 crores, reflecting a 17.5% increase from the previous year. The hospital business generated revenues of INR 2,187 crores, up 19%, while the diagnostics segment reported gross revenues of INR 407 crores, a 10.2% growth. Operating EBITDA for the hospital business was INR 471 crores, with a margin of 21.5%, and the diagnostics business achieved an operating EBITDA margin of 23.9%. The presentation highlighted a slight decrease in occupancy rates to 68.7% and an increase in average revenue per occupied bed (ARPOB) to INR 2.71 crores. The company also noted a net debt of INR 2,233 crores, with a net debt to EBITDA ratio of 1.01x. Management emphasized growth in focus specialties and digital revenue channels, contributing significantly to overall performance.

Management highlighted strong revenue growth and operational performance across key segments.

Sourced from an exchange-filed presentation, dated 06 Aug 2026. Summary is RedixFi-generated and distinct from investment advice.

Concall transcriptPositive29 May 2026
View source filing →

Key takeaway: Fortis Healthcare Limited held its Q4 FY26 earnings conference call on May 25, 2026, where management reported a consolidated revenue of INR9,128 crores for the financial year, reflecting a 17.3% growth from FY25. The hospital business revenue grew by 19.1% to INR7,773 crores, while the diagnostic business reported a revenue of INR1,355 crores, an 8% increase. The operating EBITDA margin improved to 22.8% from 20.4% in the previous year. For Q4 FY26, consolidated revenue was INR2,365 crores, up 17.8% year-on-year, with a profit after tax increase of 44.2% to INR271 crores. Management highlighted a steady performance across both segments and announced a dividend of INR1 per share for the fourth consecutive year. The company also discussed its expansion plans, including the addition of approximately 800 beds and investments in medical infrastructure. The call concluded with a Q&A session addressing various operational queries.

Management emphasized strong financial performance and strategic growth initiatives.

Sourced from an exchange-filed transcript, dated 29 May 2026. Summary is RedixFi-generated and distinct from investment advice.

Investor presentationPositive22 May 2026
View source filing →

Key takeaway: Fortis Healthcare Limited announced its financial results for Q4 FY26 and FY26, reporting consolidated revenues of INR 2,365 Cr for Q4 FY26, a 17.8% increase year-over-year, and INR 9,128 Cr for FY26, up 17.3% from FY25. Operating EBITDA for Q4 FY26 rose 22.2% to INR 531 Cr, with margins improving to 22.5%. Profit After Tax (PAT) for Q4 FY26 was INR 271 Cr, reflecting a 44.2% increase, while FY26 PAT reached INR 1,064 Cr, up 31.5%. The hospital business saw a revenue growth of 19.0% in Q4 FY26, driven by increased occupancy and key procedure volumes. The diagnostics segment also reported growth, with revenues of INR 387 Cr in Q4 FY26, an 11.1% increase. Management highlighted ongoing investments in medical equipment and network expansion, including acquisitions of hospitals and new facilities.

Management emphasized strong revenue and profit growth across segments.

Sourced from an exchange-filed presentation, dated 22 May 2026. Summary is RedixFi-generated and distinct from investment advice.

Concall transcriptPositive20 Feb 2026
View source filing →

Key takeaway: Fortis Healthcare Limited reported its Q3 FY '26 earnings during the conference call held on February 16, 2026. Management highlighted a strong performance with consolidated revenues of INR 2,265 crores, reflecting a 17.5% increase year-on-year. The hospital segment saw a revenue growth of 19.4%, while the diagnostics business grew by 7.3%. Operating EBITDA rose by 34.8% to INR 505 crores, resulting in a margin of 22.3%. However, reported profit after tax (PAT) decreased to INR 197 crores, primarily due to a one-off expense related to new labor codes. Management noted the successful acquisition of People Tree Hospital and the launch of a specialized mental health facility, Adayu. The company added approximately 750 operational beds during the year and reported steady hospital occupancy rates. The diagnostics segment also showed improvement, with gross revenue increasing by 8.3%. Overall, management expressed confidence in maintaining growth momentum and expanding their market presence.

Management emphasized strong growth and strategic acquisitions.

Sourced from an exchange-filed transcript, dated 20 Feb 2026. Summary is RedixFi-generated and distinct from investment advice.

Investor presentationPositive13 Feb 2026
View source filing →

Key takeaway: Fortis Healthcare Limited reported its financial results for Q3 FY26, highlighting consolidated revenues of INR 2,265 crore, a 17.5% increase year-over-year. Operating EBITDA rose by 34.8% to INR 505 crore, with a margin of 22.3%, compared to 19.4% in Q3 FY25. Profit Before Tax (before exceptional items) was INR 312 crore, up 21.9% YoY. The hospital business generated revenues of INR 1,938 crore, reflecting a 19.4% increase, while operating EBITDA for this segment increased by 28.9%. The company also noted a net debt of INR 2,547 crore as of December 31, 2025, with a Net Debt to EBITDA ratio of 1.24x. Management mentioned the acquisition of the People Tree Hospital in Bengaluru and the launch of a specialized mental health facility, 'Adayu', as key developments. Overall, the results indicated strong growth across both hospital and diagnostics segments.

Management emphasized strong revenue and EBITDA growth across key business segments.

Sourced from an exchange-filed presentation, dated 13 Feb 2026. Summary is RedixFi-generated and distinct from investment advice.

AI Summary of Annual Report

AI-generated
FY2025-26444 pages

Fortis Healthcare Limited (FORTIS) is seeking shareholder approval for a special resolution to pay a commission to Mr. Leo Puri, an independent director, which exceeds 50% of the total annual remuneration of non-executive directors. Additionally, the company is seeking re-appointment of Dr. Ashutosh Raghuvanshi as Managing Director & CEO for two years, with remuneration that may exceed statutory limits. The company has ongoing investigations by the Serious Fraud Investigation Office (SFIO) into alleged improper transactions and non-compliances, including issues related to remuneration of managerial personnel. These matters date back to before the reconstituted board took control in March 2018. The company has also faced regulatory scrutiny, including a Supreme Court order directing the Delhi High Court to consider appointing forensic auditors to analyze transactions with RHT Health Trust. The auditor's report highlights these issues as key matters but does not modify the overall audit opinion. The company has not defaulted on loans or been declared a willful defaulter, and no insolvency proceedings are pending.

  • Fortis seeks shareholder approval for a special resolution to pay Mr. Leo Puri a commission exceeding 50% of non-executive directors' total remuneration.
  • Dr. Ashutosh Raghuvanshi is proposed for re-appointment as Managing Director & CEO for two years, with remuneration potentially exceeding statutory limits.
  • Ongoing SFIO investigation into alleged improper transactions and non-compliances, including remuneration issues, dating back to before the reconstituted board took control in March 2018.
  • Supreme Court order directs Delhi High Court to consider forensic auditors for analyzing transactions with RHT Health Trust.
  • No defaults on loans, no insolvency proceedings pending, and no willful defaulter status.

Key takeaway: Fortis Healthcare faces ongoing regulatory and legal scrutiny, including SFIO investigations and a Supreme Court-ordered forensic audit, while seeking shareholder approval for significant director remuneration and re-appointment of its CEO.

The following annual report excerpts provide qualitative strategic context. Do not treat any specific financial figures in these excerpts as authoritative — they may be incorrectly labeled due to PDF table extraction limitations. For precise financial data, refer to the structured fundamentals data above.

Filed with NSE · 17 Jul 2026View source filing →

Governance disclosures

AI-generated

Needs attention

Auditor Qualification (1 item); Regulatory Action (3 items); Investigation or enforcement mention (4 items)

Items of these kinds are disclosed in the filings. This is a count of disclosed items. It is not a finding about the company and its cause has not been independently established.

Auditor Qualification

1 occurrence

Recent (last 12 months)

Annual Report17 Jul 2026 (FY2025-26)
View source filing →

The statutory auditors issued an audit report with a modified audit opinion.

Regulatory Action

3 occurrences

Recent (last 12 months)

Annual Report17 Jul 2026 (FY2025-26)· 8 passages
View source filing →

SEBI imposed penalties of ₹50 lakh on FHsL and ₹1 Crore on the Company. SEBI also directed the Company and FHsL to recover ₹397.12 Crores from Erstwhile Promoters along with interest.

Earlier (1-3 years ago)

Annual Report14 Jul 2025 (FY2024-25)· 10 passages
View source filing →

SEBI imposed a penalty of ₹50 lakh on FHsL and ₹1 Crore on the Company. SEBI also issued a Show cause notice (SCN - 2) to Escorts Heart Institute and Research Centre Limited.

Annual Report11 Jul 2024 (FY2023-24)· 6 passages
View source filing →

SEBI imposed a penalty of ₹50 lakh on FHsL and ₹1 Crore on the Company. SEBI also issued SCN-2 to EHIRCL on April 09, 2021.

Investigation or enforcement mention

4 occurrences

Recent (last 12 months)

Concall10 Sept 2026 (FY2026-27)· 8 passages
View source filing →

Fortis Healthcare Limited is involved in a forensic audit required by the High Court following a matter referred by the Supreme Court. The company has conducted its own investigation and asserts that no abnormal activities were found from Fortis's side.

Annual Report17 Jul 2026 (FY2025-26)· 6 passages
View source filing →

SEBI imposed a penalty of ₹1 crore on EHIRCL for its involvement in a fraudulent scheme that diverted approximately ₹397.12 crore from FHL to benefit RHC Holdings and erstwhile promoters.

Earlier (1-3 years ago)

Annual Report14 Jul 2025 (FY2024-25)· 6 passages
View source filing →

SEBI has imposed penalties for fraud by erstwhile promoters, with appeals pending. The company deposited 50% of the penalty amount, and the recovery has been stayed for FHSL & FHL, while the operation of SEBI Order 18.5.2022 has been stayed for EHIRCL.

Annual Report11 Jul 2024 (FY2023-24)· 4 passages
View source filing →

The company has initiated civil and criminal actions against former promoters for fraud committed under their watch. SEBI issued orders in 2022, which the company and others appealed to SAT, leading to a stay of the orders pending appeal.

Routine disclosures

Internal Control Weakness

1 occurrence

Recent (last 12 months)

Annual Report17 Jul 2026 (FY2025-26)
View source filing →

The company has identified a material weakness in its internal financial controls with reference to financial statements.

Contingent Liability

3 occurrences

Recent (last 12 months)

Annual Report17 Jul 2026 (FY2025-26)· 5 passages
View source filing →

The company has a contingent liability related to financial guarantees given to banks on behalf of its subsidiaries, with cumulative fair value amounts recorded in prior years.

Earlier (1-3 years ago)

Annual Report14 Jul 2025 (FY2024-25)· 9 passages
View source filing →

The company has pledged 28,663,794 equity shares in Agilus Diagnostics Limited as collateral against Non-Convertible Debentures (NCDs). This pledge is mentioned in the financial statements and referenced in Note 36.

Annual Report11 Jul 2024 (FY2023-24)· 10 passages
View source filing →

The company has provided financial guarantees to banks on behalf of its subsidiary companies, with the cumulative fair value of these guarantees being accounted for in the investment impairment. The specific subsidiaries involved include Escorts Heart Institute and Research Centre Limited, Fortis Healthcare International Limited, Mauritius, Fortis Hospitals Limited, and Hiranandani Healthcare Private Limited.

Related-Party Transaction

3 occurrences

Recent (last 12 months)

Annual Report17 Jul 2026 (FY2025-26)· 8 passages
View source filing →

The company has made related party transactions, including contributions to a trust controlled by the Company.

Earlier (1-3 years ago)

Annual Report14 Jul 2025 (FY2024-25)· 18 passages
View source filing →

The company entered into transactions during the year ended March 31, 2025, which were not at arm’s length basis.

Annual Report11 Jul 2024 (FY2023-24)· 13 passages
View source filing →

Fortis Healthcare Limited has transactions with related parties including Fortis Hospitals Limited, Fortis Hospotel Limited, Escorts Heart Institute & Research Centre Limited, and others, involving reimbursements, transfers of employee benefits, investments, and interest conversions.

Statutory dues in dispute

3 occurrences

Recent (last 12 months)

Annual Report17 Jul 2026 (FY2025-26)Disputed tax/statutory dues under appeal, not a loan default
View source filing →

The company has statutory dues under the Income Tax Act for AY 2012-13 to AY 2017-18 pending before the Commissioner of Income Tax (Appeal) and Income Tax Appellate Tribunal, Delhi, with amounts unpaid and disputes ongoing.

Earlier (1-3 years ago)

Annual Report14 Jul 2025 (FY2024-25)Disputed tax/statutory dues under appeal, not a loan default
View source filing →

The company has statutory dues pending under the Income Tax Act for assessment years 2012-13 to 2017-18, with disputes pending before the Commissioner of Income Tax (Appeal) and Income Tax Appellate Tribunal, Delhi.

Annual Report11 Jul 2024 (FY2023-24)Disputed tax/statutory dues under appeal, not a loan default· 2 passages
View source filing →

The company has statutory dues relating to Goods and Service Tax, Provident Fund, Employees State Insurance, Income-Tax, Duty of Customs or Cess or other statutory dues which have not been deposited on account of any dispute.

Promoter Share Pledge

1 occurrence

Recent (last 12 months)

Structured Filing Data (NSE Pledge Disclosure)18 Jul 2026

1.48% of promoter holding pledged (quarter 2026-Q3 as of 2026-07-18).

Open full Signal Dashboard →