apollo

Apollo Enterprise

Introduction

Apollo Hospitals Enterprise Limited (AHEL) was incorporated as a Public Limited Company in the year

1979. Promoted by Dr. Prathap C Reddy, it is the first group of hospitals that pioneered the concept of

corporate healthcare delivery in India. AHEL is a listed Company on the Bombay Stock Exchange.

AHEL today, is the leading private sector healthcare provider in Asia and owns and manages a network

of specialty hospitals and clinics, a chain of Pharmacy retail outlets across the country, and provides

Consultancy Services for commissioning and managing the Specialty Hospitals

It is often said that nothing happens, unless there is a dream first. At the genesis of the Apollo story there

was a dream. A dream so powerful, that it helped transform the medical landscape in India. The dream

nurtured and grew within Dr. Prathap C Reddy, the founder Chairman of Apollo Hospitals, until the

point of inflection happened in 1983.

Apollo Hospitals started as a 150 bed hospital in Chennai. And it has to be said, amidst much

skepticism. India in the early 80's was not the easiest place for private enterprise. Moreover private

healthcare institutions were unknown and they were not doing cutting edge work. 25 years later it is an

amazing story of success, achievement and most importantly, dreams realized.

The Apollo Hospitals group today includes over 7500 beds across 43 hospitals in India and overseas,

neighborhood diagnostic clinics, an extensive chain of Apollo Pharmacies, medical BPO and health

insurance services and clinical research divisions that are working on the cutting edge of medical

science. Apollo has succeeded in being more than just a quality healthcare provider. It has been a major

player in scripting the medical landscape of the nation. This is primarily because the group has

continuously been at the helm of several game-changing innovations in Indian healthcare.

By the start of the new millennium, Apollo Hospitals Group had become an integrated healthcare

organization with owned and managed hospitals, diagnostic clinics, dispensing pharmacies and

consultancy services. In addition, the group's service offerings include healthcare at the patient's

doorstep, clinical & diagnostic services, medical business process outsourcing, third party administration

S.R. Luthra Institute of Management 1

Apollo Enterprise

services and health insurance. To enhance performance and service to customers, the company also

makes available the services to support the business of healthcare; telemedicine services, education and

training programmes & research services and a host of not- for- profit projects.

Services offered by the company:

Cardiology & Cardiothoracic Surgery

Orthopedics & Joint Replacement Surgery

Spine Surgery

Oncology

Medical & Surgical Gastroenterology

Neurology & Neurosurgery

Nephrology & Urology

Critical Care Medicine


Apollo Enterprise

Multi-Step Analysis

Apollo Hospitals EnterprisesStandalone Profit & Loss account

Mar '13 Mar '12 Mar '1112 mths 12 mths 12 mths

in croresIncome Sales Turnover 3,317.79 2,800.07 2,331.96Excise Duty 0 0 0Net Sales 3,317.79 2,800.07 2,331.96Other Income 35.58 24.12 17.61Stock Adjustments 0 0 0Total Income 3,353.37 2,824.19 2,349.57Expenditure Raw Materials 0 0 0Power & Fuel Cost 0 0 0Employee Cost 524.4 425.55 357.2Other Manufacturing Expenses 1,719.82 1,530.60 1,298.75Selling and Admin Expenses 0 261.22 227.08Miscellaneous Expenses 520.02 110.12 68Preoperative Exp Capitalised 0 0 0Total Expenses 2,764.24 2,327.49 1,951.03 Operating Profit 553.55 472.58 380.93PBDIT 589.13 496.7 398.54Interest 72.63 68.06 58.64PBDT 516.5 428.64 339.9Depreciation 108.52 91.13 70.26Other Written Off 0 0 0.33Profit Before Tax 407.98 337.51 269.31Extra-ordinary items -2.17 0 1.36PBT (Post Extra-ord Items) 405.81 337.51 270.67Tax 98.87 106.53 88.96Reported Net Profit 309.11 230.99 181.72


Apollo Enterprise

Apollo Hospitals EnterprisesStandalone Balance Sheet

Mar '13 Mar '12 Mar '11 12 mths 12 mths 12 mths

in croresSources Of FundsTotal Share Capital 69.56 67.23 130.86 Equity Share Capital 69.56 67.23 62.36 Share Application Money 0.00 38.71 0.00 Preference Share Capital 0.00 0.00 68.51 Reserves 2658.03 2246.33 1641.30 Networth 2727.59 2352.27 1772.16 Secured Loans 863.48 374.22 549.61 Unsecured Loans 34.23 185.75 191.40 Total Debt 897.71 559.97 741.01 Total Liabilities 3625.30 2912.24 2513.17 Mar '13 Mar '12 Mar '11

12 mths 12 mths 12 mthsApplication Of FundsGross Block 2284.85 1930.38 1444.50 Less: Accum. Depreciation 578.53 482.75 398.74 Net Block 1706.32 1447.63 1045.76 Capital Work in Progress 357.92 221.37 352.40 Investments 896.04 764.12 624.11 Inventories 205.39 182.71 150.52 Sundry Debtors 426.61 353.77 269.64 Cash and Bank Balance 255.47 89.58 101.68 Total Current Assets 887.47 626.06 521.84 Loans and Advances 506.84 601.77 571.50 Fixed Deposits 0.00 97.37 39.69 Total CA, Loans & Advances 1394.31 1325.20 1133.03 Deffered Credit 0.00 0.00 0.00 Current Liabilities 623.28 503.07 372.91 Provisions 106.00 343.02 269.21 Total CL & Provisions 729.28 846.09 642.12 Net Current Assets 665.03 479.11 490.91 Miscellaneous Expenses 0.00 0.00 0.00 Total Assets 3625.31 2912.23 2513.18

Horizontal Analysis


Apollo Enterprise

Apollo Hospitals EnterprisesStandalone Profit & Loss account

Mar '13 Mar '12 Mar '11Increase/Decrease over 2013

Increase/Decrease over 2012

12 mths 12 mths 12 mths in crores in crores %age in crores %age

Income Net Sales 3,317.79 2,800.07 2,331.96 517.72 18.49 468.11 20.07 Other Income 35.58 24.12 17.61 11.46 47.51 6.51 36.97 Total Income 3,353.37 2,824.19 2,349.57 529.18 18.74 474.62 20.20 Expenditure Employee Cost 524.4 425.55 357.2 98.85 23.23 68.35 19.13 Other Manufacturing Expenses 1,719.82 1,530.60 1,298.75 189.22 12.36 231.85 17.85 Selling and Admin Expenses 0 261.22 227.08 (261.22) (100.00) 34.14 15.03 Miscellaneous Expenses 520.02 110.12 68 409.90 372.23 42.12 61.94 Total Expenses 2,764.24 2,327.49 1,951.03 436.75 18.76 376.46 19.30 Operating Profit 553.55 472.58 380.93 80.97 17.13 91.65 24.06 PBDIT 589.13 496.7 398.54 92.43 18.61 98.16 24.63 Interest 72.63 68.06 58.64 4.57 6.71 9.42 16.06 PBDT 516.5 428.64 339.9 87.86 20.50 88.74 26.11 Depreciation 108.52 91.13 70.26 17.39 19.08 20.87 29.70

Other Written Off 0 0 0.33 0.00 0.00 (0.33)(100.0

0)Profit Before Tax 407.98 337.51 269.31 70.47 20.88 68.20 25.32

Extra-ordinary items -2.17 0 1.36 (2.17) … (1.36)(100.0

0)PBT (Post Extra-ord Items) 405.81 337.51 270.67 68.30 20.24 66.84 24.69 Tax 98.87 106.53 88.96 (7.66) (7.19) 17.57 19.75 Reported Net Profit 309.11 230.99 181.72 78.12 33.82 49.27 27.11 Total Value Addition 2,764.24 2,327.49 1,951.03 436.75 18.76 376.46 19.30 Equity Dividend 76.52 53.79 46.77 22.73 42.26 7.02 15.01 Corporate Dividend Tax 13 8.73 7.59 4.27 48.91 1.14 15.02

Per share data (annualised) Shares in issue (lakhs) 1,391.25 1,344.67 1,247.11 46.58 3.46 97.56 7.82 Earning Per Share (Rs) 22.22 17.18 14.57 5.04 29.34 2.61 17.91 Equity Dividend (%) 110 80 75 30.00 37.50 5.00 6.67 Book Value (Rs) 196.05 172.05 136.61 24.00 13.95 35.44 25.94

Analysis of Profit and Loss Account


Apollo Enterprise

Net sales growth in 2013 is 18.49 % and in 2012, it is 20.07% Employee cost expenses are higher than net sales in 2013(23.23%) but in 2012, it was low

(19.13%). The miscellaneous expense was more than 3 times more in 2013. Though the miscellaneous expense was so high in 2013, the total expenses in 2013 was

18.76% which is low compared to last year (19.30%). The reason is there was no selling and administration expense in 2013.

Growth in other income is low compared to last year. In 2012, it was 24.06% whereas in 2013, it was17.13%

The tax provision of 2013 is less compared to last year i. e. in 2012, it was 19.75% where as in 2013, it is -7.19%

The net profit of the company has increased compared to last year. This resulted in increase in earning per share of the company for the current year. In 2012, earning per share was Rs. 17.18 where as in 2013, it is Rs. 22.22.


Apollo Enterprise

Apollo Hospitals EnterprisesStandalone Balance Sheet

Mar '13 Mar '12 Mar '11Increase/Decrease over

2013Increase/Decrease over

2012 12 mths 12 mths 12 mths

in crores in crores percentage in crores PercentageSources Of Funds Total Share Capital 69.56 67.23 130.86 … … … …Equity Share Capital 69.56 67.23 62.36 … … … …Share Application Money 0.00 38.71 0.00 … … … …Preference Share Capital 0.00 0.00 68.51 … … … …Reserves 2658.03 2246.33 1641.30 411.70 18.33 605.03 36.86 Networth 2727.59 2352.27 1772.16 375.32 15.96 580.11 32.73 Secured Loans 863.48 374.22 549.61 489.26 130.74 (175.39) (31.91)Unsecured Loans 34.23 185.75 191.40 (151.52) (81.57) (5.65) (2.95)Total Debt 897.71 559.97 741.01 337.74 60.31 (181.04) (24.43)Total Liabilities 3625.30 2912.24 2513.17 713.06 24.48 399.07 15.88 Application Of Funds Gross Block 2284.85 1930.38 1444.50 354.47 18.36 485.88 33.64 Less: Accum. Depreciation 578.53 482.75 398.74 95.78 19.84 84.01 21.07 Net Block 1706.32 1447.63 1045.76 258.69 17.87 401.87 38.43 Capital Work in Progress 357.92 221.37 352.40 136.55 61.68 (131.03) (37.18)Investments 896.04 764.12 624.11 131.92 17.26 140.01 22.43 Inventories 205.39 182.71 150.52 22.68 12.41 32.19 21.39 Sundry Debtors 426.61 353.77 269.64 72.84 20.59 84.13 31.20 Cash and Bank Balance 255.47 89.58 101.68 165.89 185.19 (12.10) (11.90)Total Current Assets 887.47 626.06 521.84 261.41 41.75 104.22 19.97 Loans and Advances 506.84 601.77 571.50 (94.93) (15.78) 30.27 5.30 Fixed Deposits 0.00 97.37 39.69 (97.37) (100.00) 57.68 145.33 Total CA, Loans & Advances 1394.31 1325.20 1133.03 69.11 5.22 192.17 16.96 Current Liabilities 623.28 503.07 372.91 120.21 23.90 130.16 34.90 Provisions 106.00 343.02 269.21 (237.02) (69.10) 73.81 27.42 Total CL & Provisions 729.28 846.09 642.12 (116.81) (13.81) 203.97 31.77 Net Current Assets 665.03 479.11 490.91 185.92 38.81 (11.80) (2.40)Total Assets 3625.31 2912.23 2513.18 713.08 24.49 399.05 15.88 Contingent Liabilities 1186.23 1345.41 817.74 (159.18) (11.83) 527.67 64.53 Book Value (Rs) 196.05 172.05 136.61 24.00 13.95 35.44 25.94

Analysis of Balance Sheet


Apollo Enterprise

Total Assets/liabilities up by 24.49% in 2013 where as in 2012, it was 15.88%. In 2013, Net worth is 15.96% where as in 2012 it was 32.73%. In 2012, gross block (fixed assets) was 38.43% which reduced to 17.87%. In 2012, investments were 22.43% which reduced to 17.26% in 2013. Investments in absolute

terms are high but compared to 2012, investments in 2013 has decreased. Inventory management in 2012 was 21.39% where as in 2013, it was 12.41%. The net current assets was negative (-2.40%) in 2012. So the company increased its cash and

bank balance which led to rise in net current assets up to 38.81%.


Apollo Enterprise

Vertical analysis

Apollo Hospitals EnterprisesProfit and loss account.

Mar-11 Mar-12 Mar-13Rs(in crores) %

Rs(in crores) %

Rs(in crores) %

IncomeSales turnover 2331.96 100 2800.07 100 3317.79 100Excise duty 0 0 0 0 0 0Net sales 2331.96 100 2800.07 100 3317.79 100Other incomes 17.61 0.76 24.12 0.86 35.58 1.07Total income 2349.57 100.76 2824.19 100.86 3353.37 101.07ExpenditureEmployee cost 357.2 15.32 425.55 15.19 524.4 15.81Other manufacturing expense 1298.75 55.69 1530.6 54.66 1719.82 51.84Selling and admin expense 227.08 9.74 261.22 9.33 0 0Miscellaneous expense 68 2.92 110.12 3.93 520.02 15.67Pre operative exp capitalised 0 0 0 0 0 0Total expense 1951.03 83.66 2327.49 83.12 2764.24 83.32Operating profit 380.93 16.33 472.58 16.88 553.55 16.68PBDIT 398.54 17.09 496.7 17.74 589.13 17.76Interest 58.64 2.51 68.06 2.43 72.63 2.19PBDT 339.9 14.58 428.64 15.31 516.5 15.57Depreciation 70.26 3.01 91.13 3.25 108.52 3.28Other written off 0.33 0.014 0 0 0 0PBT 269.31 11.55 337.51 12.05 407.98 12.3Extra ord items 1.36 0.05 0 0 -2.17 -0.07PBT(post extra ord items) 270.67 1.19 337.51 12.05 405.81 12.23Tax 88.96 3.81 106.53 3.8 98.87 2.98Reported net profit 181.72 7.79 230.99 8.25 309.11 9.32Total value addition 1951.03 83.66 2327.49 83.12 2764.24 83.32Equity dividend 46.77 2.005 53.79 1.92 76.52 2.31Corporate dividend tax 7.59 0.33 8.73 0.31 13 0.39Per share data (annualised)Shares in issue (in lakhs) 1247.11 53.48 1344.67 48.02 1391.25 41.93Earnings per share 14.57 0.62 17.18 0.61 22.22 0.67Equity dividend (%) 75 3.22 80 2.86 110 3.32Book value(Rs) 136.61 5.86 172.05 6.14 196.05 5.91

Analysis of Profit and loss account.


Apollo Enterprise

Net sales of March 2013 are Rs.3317.79, of March 2012 are 2800.07 and of March 2011 are

2331.96.

This shows that net sales are increasing continuously from past 2 years.

In 2013 there was an increase of 51.77% in net sales as compared to 2012.

In 2012 there was an increase of 46.81% in net sales as compared to 2011.

The total income of 2013 is Rs 3353.37 which was highest as compared to 2012 and 2011, ie Rs

2824.19 and Rs 2349.57.

The total expense in the year 2013 is Rs 2764.24 which is again more in comparison with the

year 2012 and 2011 which were Rs 2327.49 and Rs 1951.03 respectively.

The operating profit for the year 2013 is 16.68%, 2012 is 16.88% and for the 2011 is 16.33%.

This shows the operating expense has increased in the year 2012 than again it got diminished in

2013.

The reported net profit is 9.32% in 2013, 8.25% in 2012, and 7.79% in 2011 respectively.

Earnings per share of Apollo hospitals Enterprise is 0.62% in 2013, 0.61% in 2012 and 0.67% in

2011.

Apollo Hospitals EnterpriseStandalone Balance sheet


Apollo Enterprise

Mar-11 Mar-12 Mar-13Rs.(in crore) %

Rs.(in crore) %

Rs.(in crore) %

Sources of fundsTotal share capital 130.86 5.2 67.23 2.31 69.56 1.09Equity share capital 62.36 2.4 67.23 2.31 69.56 1.09Share application money 0 0 38.71 1.33 0 0Preference share capital 68.51 2.72 0 0 0 0Reserves 1641.3 65.31 2246.33 77.13 2658.03 73.32Revaluation reserves 0 0 0 0 0 0Net worth 1772.16 70.51 2352.27 80.77 2727.59 75.24Secured loans 549.61 21.87 374.22 12.85 863.48 23.82Unsecured loans 191.4 7.62 985.75 33.85 34.23 0.94Total debt 741.01 29.49 559.97 19.23 897.71 24.76Total liabilities 2513.17 100 2912.24 100 3625.3 100

Applications of sourcesGross block 144.5 5.75 1930.38 66.29 2284.85 63.02Less- Accumulated depreciation 398.74 15.87 482.75 16.58 578.53 15.96Net block 1045.76 41.61 1447.63 49.71 1706.32 47.07Capital work in progress 352.4 139.2 221.37 7.6 357.92 9.87Investments 624.11 24.83 764.12 26.24 896.04 24.72Inventories 150.52 5.99 182.71 6.27 205.39 5.67Sundry debtors 269.64 10.73 353.77 12.15 426.61 11.77Cash and bank balance 101.68 4.04 89.58 3.08 255.47 7.05Total current assets 521.84 20.76 626.06 21.5 887.47 24.48Loans and advances 571.5 22.74 601.77 20.66 506.84 13.98Fixed deposits 39.69 1.58 97.37 4.05 0 0Total current assets, Loans and advances 1133.03 45.08 1315.2 45.16 1394.31 38.46Current liabilities 372.91 14.84 503.07 17.3 623.28 17.19Provisions 269.21 10.71 343.02 11.78 106 2.92Total current liabilities and provisions 642.12 25.55 846.09 29.05 729.28 20.12Net current assets 490.91 19.53 479.11 16.45 665.03 18.34Total assets 2513.18 100 2912.23 100 3625.31 100Contingent liability 817.74 32.54 1345.41 46.2 1186.23 32.72Book value (in Rs) 136.61 5.44 172.05 5.91 196.05 5.41

Analysis of balance sheet.


Apollo Enterprise

Net worth of the Apollo Hospitals Enterprise in 2013 is 75.24%, in 2012 and 2011 were 80.77% and 70.51% respectively.

The total debt in the year 2013 is 24.76% and in 2012 and 2011 were 19.23% and 29.49% respectively.

Total liabilities and assets in 2013 were Rs 3625.31, in 2012 it was Rs 2912.24 and in 2011 it was Rs 2513.18.

Net block for the year 2013 is 47.07%, in the year 2012 it was 49.71% and in 2011 it was 41.61%.

Investments were 24.72%, 26.24% and 24.83% in the year 2013, 2012 and 2011 respectively.

Trend Analysis


Apollo Enterprise

The base year for trend analysis is 2011 and on the basis of 2011, the following conclusions can be drawn for 2012 and 2013.

Apollo Hospitals EnterprisesYear Mar '13 Mar '12 Mar '11 12 mths 12 mths 12 mths

in croresNet Sales 3317.79 2800.07 2331.96 INDEX 1.42 1.20 1.00 Total Income 3353.37 2824.19 2349.57 INDEX 1.43 1.20 1.00 Total Expenses 2764.24 2327.49 1951.03 INDEX 1.42 1.19 1.00 Operating Profit 553.55 472.58 380.93 INDEX 1.45 1.24 1.00 PBDIT 589.13 496.70 398.54 INDEX 1.48 1.25 1.00 PBDT 516.50 428.64 339.90 INDEX 1.52 1.26 1.00 Profit Before Tax 407.98 337.51 269.31 INDEX 1.51 1.25 1.00 PBT (Post Extra-ord Items) 405.81 337.51 270.67 INDEX 1.50 1.25 1.00 Profit after tax 309.11 230.99 181.72 INDEX 1.70 1.27 1.00 Equity Dividend 76.52 53.79 46.77 INDEX 1.64 1.15 1.00 Shares in issue (lakhs) 1391.25 1344.67 1247.11 INDEX 1.12 1.08 1.00 Gross Block 2284.85 1930.38 1444.50 INDEX 1.58 1.34 1.00 Net Block 1706.32 1447.63 1045.76 INDEX 1.63 1.38 1.00 Net Current Assets 665.03 479.11 490.91 INDEX 1.35 0.98 1.00 Net Worth 2727.59 2352.27 1772.16 INDEX 1.54 1.33 1.00


Apollo Enterprise

Analysis

Profit before tax growth is higher than net sales. The same can be said for profit after tax.

The growth in total expense and income of the company is in line.

The operating profit growth is little lower in 2013 compared to 2012.

The dividend available with the company is higher in 2013 compared to 2012.

Gross block is higher than net sales. Sales growth is low compared to gross block (fixed asset).

Net block in 2013 is higher compared to 2012, as the current assets have increased compared to 2012.

In 2012, net current asset is lower compared to the base year. But in 2013, there is tremendous growth in net current asset (1.35). This is because of increase in cash and bank balance.

Net Worth growth is higher than net block growth which indicates high leverage and high dividend distribution.


Apollo Enterprise

RATIO ANALYSIS

MEANING:-

"Ratio is financial form should the comparison between two financial terms".

It relationship between various related items in these financial statements is established, they can

provide useful clues to judge accurately the financial health and ability of business to maximize the

profit. This relationship between related items of financial is thus, one number expressed in form of

return on paid up capital the net profit of the business is dividend by the paid up share capital. The

figure so obtain is the ratio. It the same is multiplied by 100 a percentage rate of return on paid up

capital is obtained.


Types of ratios

Liquidity Ratios

Profitability Ratios

Performance Ratios

Investment Ratios

CURRENT RATIO

LIQUIDITY RATIO

DEBTORS TURNOVER

RATIO

NET PROFIT RATIO

OPERATING PROFIT RATIO

DEBT-EQUITY RATIO

FIXED ASSET TURNOVER

RATIO

RETURN ON CAPITAL

EMPLOYED

RETURN ON EQUITY

EARNING PER SHARE

Apollo Enterprise

Net profit ratio:-

This ratio measures the profit on the investment. Net profit judges the operational efficiency.

For net profit ratio

YEAR NET PROFIT (Rs. in cr) SALES (Rs. in cr)

2013 309.11 3317.79

2012 230.99 2800.07

2011 181.72 2331.96

(2013)

Net Profit Ratio = NET PROFIT x 100

SALES

Net Profit Ratio = 309.11 x 100

3317.79

Net Profit Ratio = 9.31%

Net Profit Ratio for the last three financial years

YEAR NET PROFIT RATIO

2013 9.31

2012 8.25

2011 7.79

Comment on this ratio

Net profit judges the operational efficiency; overall profit ability can be measured. Higher the ratio

better it is, from the above analysis the company’s has delivered a steady growth in its profit.


Apollo Enterprise

Operating Profit Ratio

Operating Profit gives an indication of the current operational profitability of the business.

For operating Profit Ratio

YEAR operating profit (Rs. in cr) SALES (Rs. in cr)

2013 553.55 3317.79

2012 472.58 2800.07

2011 380.93 2331.96

(2013)

Operating profit = Operating profit x 100

Sales

Operating profit = 553.55 x 100

3317.79

Operating profit = 16.68%

Ratio for the last three financial years

operating profit Ratio

2013 16.68

2012 16.87

2011 16.33


Operating Profit gives an indication of the current operational profitability of the business and allows a

comparison of profitability between different companies after removing out expenses that can obscure

how the company is really performing. The company is successful in maintaining is operating profit

margin at 16%.


Apollo Enterprise

Debtors' turnover Ratio

It shows the efficiency of the collection policy of the enterprise. The ratio is computed by dividing the

amount of debtors and bills receivables by the credit sales.

For Debtor turnover Ratio

YEAR Net Credit Sales(Rs. in cr) Sundry debtors (Rs. in cr)

2013 3317.79 426.61

2012 2800.07 353.77

2011 2331.96 269.64

(2013)

Debtors' turnover Ratio = Net Credit Sales

Average debtors

Debtors' turnover Ratio = 3317.79

426.61

Debtors' turnover Ratio = 7.77 times

Debtor turnover ratio for the last three financial years


By maintaining accounts receivable, company is extending interest-free loans to their clients. A high ratio

implies either that a company operates on a cash basis or that its extension of credit and collection of accounts

receivable is efficient.


YEAR Debtor’s turnover Ratio

2013 7.77

2012 7.91

2011 8.64

Apollo Enterprise

Fixed asset turnover Ratio:-The fixed-asset turnover ratio measures a company's ability to generate net sales from fixed-asset investments.

For Fixed Asset turnover Ratio

YEAR Net Sales (Rs. in cr) Fixed assets (Rs. in cr)

2013 3317.79 1706.32

2012 2800.07 1447.63

2011 2331.96 1045.76

(2013)

Fixed asset turnover Ratio = Net Sales

Fixed assets

Fixed asset turnover Ratio = 3317.79

1706.32

Fixed asset turnover Ratio = 1.94 times

Fixed asset turnover ratio for the last three financial years


The fixed-asset turnover ratio measures a company's ability to generate net sales from fixed-asset investments.

A higher fixed-asset turnover ratio shows that the company has been more effective in using the investment in

fixed assets to generate revenues.


YEAR Fixed asset turnover Ratio

2013 1.94

2012 1.93

2011 2.23

Apollo Enterprise

Current Ratio:

It attempts to measure the ability of the firm to meet its current obligation or in other words, company’s

current assets are able to pay all liability.

For Current Ratio

YEAR CURRENT ASSET (Rs. in cr) CURRENT LIABILITIES (Rs. in cr)

2013 887.47 623.28

2012 626.06 503.07

2011 521.84 372.91

(2013)

Current Assets = Stock + Cash & Bank + Debtors

Current Assets = 205.39 + 426.61 + 255.47= 887.47

Current Liabilities = Sundry Creditors+ Bills payable+ o/s expenses

Current Liabilities = 623.28

Current Ratio = Current assets

Current liabilities

Current ratio = 887.47

623.28

Current ratio = 1.42:1

Current ratio for the last three financial years

YEAR CURRENT RATIO

2013 1.42

2012 1.24

2011 1.4


Apollo Enterprise


This ratio is a test of the ability of the firm to meet its short-term commitments in time. Idle current ratio

is 2:1. The company is capable enough to maintain and meet its short term obligations.

Liquidity Ratio:It attempts to measure the ability of the firm to meet its current obligation or in other words,

company’s current assets are able to pay all liability.

For Liquid Ratio

YEAR Liquid ASSET (Rs. in cr) Liquid LIABILITIES (Rs. in cr)

2013 623.08 623.28

2012 443.35 503.07

2011 371.32 372.91

(2013)

Liquid Assets = current assets – stocks – prepaid expenses

Liquid Assets = 887.47 – 205.39

Liquid Assets = 682.08

Liquid Liabilities = current liabilities – bank overdraft

Liquid Liabilities = 623.28 – 0

Liquid Liabilities = 623.28

Liquid Ratio = Current assets – stocks – prepaid expenses

Current liabilities – bank overdraft

Liquid ratio = 682.08

623.28

Liquid ratio = 1.09:1


Apollo Enterprise

Liquid ratio for the last three financial years

YEAR Liquid RATIO

2013 1.09

2012 0.88

2011 0.99


A company's ability to turn short-term assets into cash to cover debts is of the utmost importance when creditors

are seeking payment. The higher the value of the ratio, better it is. Ideal ratio is 1:1.

Debt-equity Ratio:A measure of a company's financial leverage calculated by dividing its total liabilities by

stockholders' equity.

For Debt-Equity Ratio

YEAR Debt (Rs. in cr) Equity fund (Rs. in cr)

2013 897.71 2727.59

2012 559.97 2352.27

2011 741.01 1772.16

(2013)

Debt= long term loans

Equity= equity capital + reserves & surplus + preference share capital

Debt-equity Ratio = Debt

Equity

Debt-equity Ratio = 897.71


Apollo Enterprise

2727.59

Debt-equity Ratio = 0.33

Debt-equity ratio for the last three financial years


A measure of a company's financial leverage calculated by dividing its total liabilities by stockholders'

equity. It indicates what proportion of equity and debt the company is using to finance its assets. The ideal ratio

is 1:1. The company’s debt-equity ratio is less than 1 which is very favourable for the company.

Return on equity:

The amount of net income returned as a percentage of shareholders equity.

For Return on equity

YEAR Profit after tax (Rs. in cr) equity fund (Rs. in cr)

2013 309.11 2727.59

2012 230.99 2352.27

2011 181.72 1772.16

(2013)

Return on equity = Profit after tax 100

Equity shareholders’ fund

Return on equity = 309.11


YEAR Debt-equity Ratio

2013 0.33

2012 0.24

2011 0.41

Apollo Enterprise

2727.59

Return on equity = 11.33%

Return on equity for the last three financial years


The amount of net income returned as a percentage of shareholders equity. Return on equity measures a

corporation's profitability by revealing how much profit a company generates with the money

shareholders have invested. Higher the ratio higher the profitability and return generated for

shareholders.


YEAR Return on equity (%)

2013 11.33

2012 9.82

2011 10.25

Apollo Enterprise

Return on capital employed:Return on Capital Employed is a ratio that shows the efficiency and profitability of a company's

capital investments.

For Return on capital employed

YEAR Profit before Interest & tax (Rs. in cr) capital employed (Rs. in cr)

2013 480.61 3591.07

2012 405.57 2726.5

2011 328.28 2321.77

(2013)

Capital employed = equity shares + preference shares + reserves + debt

Return on capital employed = Profit before Interest & tax 100

Capital employed

Return on capital employed = 480.61 100

3591.07

Return on capital employed = 13.38%

Return on capital employed for the last three financial years


Capital Employed is defined as total assets less current liabilities. Return on Capital Employed is a ratio that

shows the efficiency and profitability of a company's capital investments. The company has maintained its

ROCE at 14%.


YEAR Return on capital employed (%)

2013 13.38

2012 14.87

2011 14.14

Apollo Enterprise

Earnings per share:Earnings per share serve as an indicator of a company's profitability. It indicates the profit generated per equity share.

For Earnings per share

YEAR Profit after tax (Rs. in cr) no. of equity shares(in lakhs)

2013 309.11 1391.25

2012 230.99 1344.67

2011 181.72 1247.11

(2013)

Earnings per share = Profit after tax 100

No. of equity shares

Earnings per share = 309.11 100

1391.25

Earnings per share = Rs. 22.22

Earnings per share for the last three financial years


The portion of a company's profit allocated to each outstanding share of common stock. Earnings per

share serve as an indicator of a company's profitability. It indicates the profit generated per equity share.

Higher EPS indicates financial soundness and better company in its operations.


YEAR Earnings per share

2013 22.22

2012 17.17

2011 14.57

apollo

Documents

apollo hospitals group

group of hospitals

managed hospitals

consultancy services

apollo story

clinical diagnostic

network of specialty

indian healthcare