BSE:540797

Stock Analysis Report

Executive Summary

Shalby Limited operates multi-specialty hospitals primarily in India.

Snowflake

Fundamentals

Flawless balance sheet with acceptable track record.


Similar Companies

Share Price & News

How has Shalby's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

2.1%

540797

3.0%

IN Healthcare

3.3%

IN Market


1 Year Return

-43.6%

540797

10.3%

IN Healthcare

7.1%

IN Market

Return vs Industry: 540797 underperformed the Indian Healthcare industry which returned 10.3% over the past year.

Return vs Market: 540797 underperformed the Indian Market which returned 7.1% over the past year.


Shareholder returns

540797IndustryMarket
7 Day2.1%3.0%3.3%
30 Day-7.2%3.3%2.9%
90 Day0.8%11.5%3.1%
1 Year-43.3%-43.6%10.8%10.3%9.4%7.1%
3 Yearn/a-7.9%-9.0%22.7%16.4%
5 Yearn/a32.0%29.8%44.0%30.4%

Price Volatility Vs. Market

How volatile is Shalby's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Shalby undervalued compared to its fair value and its price relative to the market?

21.75x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 540797 (₹87.15) is trading above our estimate of fair value (₹7.2)

Significantly Below Fair Value: 540797 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 540797 is poor value based on its PE Ratio (21.7x) compared to the Healthcare industry average (21.5x).

PE vs Market: 540797 is poor value based on its PE Ratio (21.7x) compared to the Indian market (13x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 540797's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 540797 is good value based on its PB Ratio (1.2x) compared to the IN Healthcare industry average (1.9x).


Next Steps

Future Growth

How is Shalby forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

16.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 540797's forecast earnings growth (16.3% per year) is above the savings rate (7.6%).

Earnings vs Market: 540797's earnings (16.3% per year) are forecast to grow slower than the Indian market (18.3% per year).

High Growth Earnings: 540797's earnings are forecast to grow, but not significantly.

Revenue vs Market: Insufficient data to determine if 540797's revenue is forecast to grow faster than the Indian market.

High Growth Revenue: Insufficient data to determine if 540797's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if 540797's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Shalby performed over the past 5 years?

3.9%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: 540797's earnings have grown by 3.9% per year over the past 5 years.

Accelerating Growth: 540797's earnings growth over the past year (76.5%) exceeds its 5-year average (3.9% per year).

Earnings vs Industry: 540797 earnings growth over the past year (76.5%) exceeded the Healthcare industry 13.6%.


Return on Equity

High ROE: 540797's Return on Equity (5.5%) is considered low.


Return on Assets

ROA vs Industry: 540797's Return on Assets is below or equal to the Healthcare industry average last year.


Return on Capital Employed

ROCE Improving: 540797's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is Shalby's financial position?


Financial Position Analysis

Short Term Liabilities: 540797's short term assets (₹2.0B) exceeds its short term liabilities (₹884.0M)

Long Term Liabilities: 540797's short term assets (2.0B) exceeds its long term liabilities (709.2M)


Debt to Equity History and Analysis

Debt Level: 540797's debt to equity ratio (7.3%) is considered satisfactory

Reducing Debt: 540797's debt to equity ratio has reduced from 33.6% to 7.3% over the past 5 years.

Debt Coverage: 540797's debt is well covered by operating cash flow (60.4%).

Interest Coverage: 540797's interest payments on its debt are well covered by EBIT (7.4x coverage).


Balance Sheet

Inventory Level: 540797 has a high level of physical assets or inventory.

Debt Coverage by Assets: 540797's debt is covered by short term assets (assets are 3.559920x debt).


Next Steps

Dividend

What is Shalby's current dividend yield, its reliability and sustainability?

0.57%

Current Dividend Yield


Dividend Yield vs Market

company0.6%marketbottom25%0.6%markettop25%2.4%industryaverage0.7%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: 540797's dividend (0.57%) isn’t notable compared to the bottom 25% of dividend payers in the Indian market (0.6%).

High Dividend: 540797's dividend (0.57%) is low compared to the top 25% of dividend payers in the Indian market (2.42%).

Stable Dividend: Too early to tell whether 540797's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if 540797's dividend payments are increasing as they only just started paying a dividend.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (12.5%), 540797's dividend payments are thoroughly covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

What is the CEO of Shalby's salary, the management and board of directors tenure and is there insider trading?

3.1yrs

Average management tenure


CEO

Vikram Shah (56yo)

0yrs

Tenure

₹16,660,000

Compensation

Dr. Vikram Shah founded Shalby Hospitals Pvt. Ltd. in 1994 and serves as its Chairman and Managing Director. An orthopaedic surgeon by profession, Dr. Shah focused his efforts only on Joint Replacement Sur ...


Management Age and Tenure

3.1yrs

Average Tenure

Experienced Management: 540797's management team is considered experienced (3.1 years average tenure).


Board Age and Tenure

2.7yrs

Average Tenure

60.5yo

Average Age

Experienced Board: 540797's board of directors are not considered experienced ( 2.7 years average tenure), which suggests a new board.


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Buy₹1,549,59301 Jun 19
Kiritbhai Shah
EntityIndividual
Shares12,199
Max Price₹127.03
Buy₹1,537,71730 May 19
Kiritbhai Shah
EntityIndividual
Shares11,901
Max Price₹130.04

Ownership Breakdown


Management Team

  • Vikram Shah (56yo)

    Founder

    • Tenure: 0yrs
    • Compensation: ₹16.66m
  • Shanay Shah (27yo)

    Director of International Business

    • Tenure: 0yrs
    • Compensation: ₹3.79m
  • Jayesh Patel

    Company Secretary & Compliance Officer

    • Tenure: 0yrs
    • Compensation: ₹1.70m
  • Shalinder Madhok

    Chief Information Officer

    • Tenure: 3.6yrs
    • Compensation: ₹2.72m
  • Nishita Shukla

    Chief Operating Officer of Ahmedabad Cluster

    • Tenure: 3.5yrs
    • Compensation: ₹4.92m
  • Babu Thomas

    Chief Human Resources Officer

    • Tenure: 2.4yrs
  • Chittaranjan Tripathy

    Vice President of Projects

    • Tenure: 3.1yrs
  • Prahlad Inani

    Chief Financial Officer

    • Tenure: 1.2yrs
    • Compensation: ₹7.71m

Board Members

  • Tej Malhotra (69yo)

    Non-Executive & Independent Director

    • Tenure: 2.7yrs
    • Compensation: ₹330.00k
  • Shyamal Joshi (69yo)

    Non-Executive & Non-Independent Director

    • Tenure: 9.3yrs
    • Compensation: ₹330.00k
  • Vikram Shah (56yo)

    Founder

    • Tenure: 0yrs
    • Compensation: ₹16.66m
  • Umesh Menon (48yo)

    Non-Executive & Independent Director

    • Tenure: 2.8yrs
    • Compensation: ₹450.00k
  • Sujana Shah (41yo)

    Non-Executive Independent Director

    • Tenure: 1.4yrs
    • Compensation: ₹250.00k
  • Ashok Bhatia (65yo)

    Non-Executive Non-Independent Director

    • Tenure: 2yrs
    • Compensation: ₹250.00k

Company Information

Shalby Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Shalby Limited
  • Ticker: 540797
  • Exchange: BSE
  • Founded: 1994
  • Industry: Health Care Facilities
  • Sector: Healthcare
  • Market Cap: ₹9.413b
  • Shares outstanding: 108.01m
  • Website: https://www.shalby.org

Number of Employees


Location

  • Shalby Limited
  • Shalby Hospitals
  • Opposite Karnavati Club
  • Ahmedabad
  • Gujarat
  • 380015
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SHALBYNSEI (National Stock Exchange of India)YesEquity SharesININRDec 2017
540797BSE (Mumbai Stock Exchange)YesEquity SharesININRDec 2017

Biography

Shalby Limited operates multi-specialty hospitals primarily in India. The company offers arthroscopy, arthroplasty, cardiology, cardiothoracic and vascular surgery, cosmetic and aesthetic, dental cosmetic  ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/22 13:01
End of Day Share Price2019/10/22 00:00
Earnings2019/06/30
Annual Earnings2019/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.