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BSE Code : | NSE Symbol : | ISIN:| SECTOR : |

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Key Stats

MARKET CAP (RS CR) 43.1
P/E 8.58
BOOK VALUE (RS) 8.9628949
DIV (%) 0.5
MARKET LOT 1
EPS (TTM) 0.93
PRICE/BOOK 0.890337339557557
DIV YIELD.(%) 0.63
FACE VALUE (RS) 10
DELIVERABLES (%)
4

News & Announcements

16-Apr-2024

Family Care Hospitals adjourns board meeting

10-Apr-2024

Family Care Hospitals to conduct board meeting

16-Feb-2024

Family Care Hospitals to conduct board meeting

31-Jan-2024

Family Care Hospitals standalone net profit declines 5.88% in the December 2023 quarter

16-Apr-2024

Family Care Hospitals adjourns board meeting

10-Apr-2024

Family Care Hospitals to conduct board meeting

16-Feb-2024

Family Care Hospitals to conduct board meeting

24-Jan-2024

Family Care Hospitals to conduct board meeting

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Board Meeting
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Income Statement

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Peers Comparsion

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Share Holding

Category No. of shares Percentage
Total Foreign 465915 0.86
Total Institutions 48000 0.09
Total Govt Holding 0 0.00
Total Non Promoter Corporate Holding 883209 1.64
Total Promoters 10013623 18.54
Total Public & others 42604027 78.88
Total 54014774 100
  • Total Foreign
  • Total Institutions
  • Total Govt Holding
  • Total Non Promoter Corporate Holding
  • Total Promoters
  • Total Public & others

About Family Care Hospitals Ltd

Family Care Hospitals Limited was originally incorporated as a Public Limited Company in the name of Pharma Offset Limited. Thereafter, the name of the Company was changed from Pharma Offset Limited to Pharma Com (India) Limited in June, 2000. Again, it was changed from Pharma Com (India) Limited to Count N Denier (India) Limited in March, 2012. Further, it got changed from Count N Denier (India) Limited to Scandent Imaging Limited in June, 2015 and from Scandent Imaging Limited to Family Care Hospitals Limited in June, 2022. Established in 1982 as a partnership firm, Pharma Offset became a public limited company in Sep.'94. It was promoted by Rashmikant C Doshi and Uday M Raval. The Company is presently engaged in Healthcare Services business. The company undertook an expansion-cum-modernisation programme in 1994-95. It came out with a public issue in Jan.'95 to part-finance the project. Pharma Offset supplies its products to reputed pharmaceutical companies like Lyka Labs, Dolphin Laboratories and to multi-nationals like Parke-Davis, Sandoz, Merind, Fulford (India), etc. The company has entered into a firm tie-up with Lyka Labs and Dolphin Laboratories for an offtake of upto 60% of the expanded capacity. In 1998-99, the company commenced an additional activity of trading in chemicals and bulk drugs. During the year 1999-2000, the company has changed its name to Pharma Com (India) Ltd. In 2018, the Company started two hospitals with the name of 'Family Care Hospitals' (FCH) in Mira Road and Mahim. In 2019, it started with their pharmacy business and provided people to buy medicines in a single click in their application specially designed to get them delivered at their convenient location. The FCH family boomed with introducing best multi speciality services viz, cardiology, Neurology, Gastroenterology, Nephrology, Urology, Obstetrics and gynecology, pediatric and neonatology, Orthopedics, General and Laparoscopy surgery. With most qualified and eligible team of doctors, FCH gained patient's trust and delivered high through Patient-Centric approach. FCH provided maximum services with minimum cost which buy belief in patients.

Family Care Hospitals Ltd Chairman Speech

Dear Shareholders,

Your company continued to be invested in the consolidating and growing healthcare services business. Your company during the fiscal has diversified from the core dental diagnostics sector into integrated hospital management services.

Review of FY 2017-18 Performance

Total revenue of your company on rose by 188% in the current year from Rs 179.80 lakhs to Rs 518.84 lakhs.

This growth has largely been a result of your company venturing into the hospital management business. For strategic focus and management purposes, your company initially intends to work in the Western Indian region with a narrower focus on the Mumbai Metropolitan Region in the initial few years of growth. We believe that the Mumbai region itself offers a vast market potential for our services. These are early days of experience for your company and we are in the process of building up the required management and business expertise to deliver sustainable growth in this segment.

Your company's primary business of running the chain of CBCT imaging centres continued to do well.

The number of such centres expanded from 9 centres at the beginning of this fiscal, to 10 centres by end of March 2018. Your company continues to be a leader in the independent third party CBCT imaging centre networks across India. Your company also for the first time, is experimenting the concept of installing OPG imaging machines through our 'OPG Convenience Program' at established Dental clinics belonging to corporate Dental chains, Hospital based Dental clinics & individual owned premium Dental clinics on a revenue sharing formula. During FY2018, a total of 20 OPG machines were installed across Bangalore, Mumbai. Some of the key partners with whom we are providing our OPG services are Axiss Dental South, Ampa Orthodontics, Fortis & Aster Hospitals among others. The results have been so far encouraging and we continue to build on this strength by taking it to other cities in India involving more such clinics. Your company's activities are supported by more than 2500 dentists in Mumbai. These imaging centres are run under the brand name of "Scandent".

Your company took over 3 hospitals in Mumbai. They were an operating 15 bed hospital for management in Saki Naka, a 25 bed hospital in Mahim and a 100 bed infrastructure multi specialty hospital in Mira Road, in Mumbai. These acquisitions were done between August 2017 and March 2018. Totally, the bed capacity available for servicing for your company stands at 140 hospital beds, with interests in medical diagnostics and pharmacy. The aim is to provide secondary level care and support for patients and service all basic needs of the patients in a cost efficient and convenient manner. This is being operated as a separate division within your company and is operated under the brand name "Family Care". We expect every business in this segment to have an initial period of losses, before breaking even in operations as your company would have to make investments into both capex, opex and also ensure on the compliance and management aspects of these businesses. Your company is working on focusing and managing of these risk at all times.

As all these hospitals were either having financial stability issues or limited growth prospects, our team is now focused on turning around every hospital under our management, by adopting centre specific strategies and building on existing business performances. Your company is now fully experiencing the requirements of the hospital business and looks forward to be a meaningful participant in this business. These business expansions are being funded through internal accruals, balances and by borrowings from related group entities.

Consequently, Earnings before Interest, Depreciation and Taxes (EBIDTA) for your company for FY2018 grew by 353% to Rs 159 lakhs from Rs 45 lakhs the previous fiscal. Also, given that our business model is asset light and performance oriented, the net profits for the company grew to Rs 86 lakhs in FY2018 from Rs 16 lakhs in the previous fiscal.

Dividend

As your company has just turned around and does require some more time to mature its businesses and operations, the board of directors has decided to avoid declaring of any dividend for this year.

Business Outlook FY2018-19

Considering that the Indian national elections would be around by the beginning of next year, it would be prudent to avoid expectations of any massive economic growth measures to be unveiled in the last budget for this government. However, as healthcare is a politically sensitive subject, there could be popular measures for public healthcare implemented by the central government which may have a short term negative bias for the private sector business.

The proposed government agenda to give up to Rs 5 lakhs insurance cover per family per year for more than 200 million families with marginal or no incomes can make this significant change to the healthcare business environment. Also, the focus to reduce input costs for stents and other medical equipments could be a positive for our expansion plans in the hospital and diagnostics business. The risks primarily emanate from the ability of our management to deliver on the business turnarounds and the pricing of our acquisitions to ensure an early breakeven.

The recent consolidations and sell outs of some of the larger reputed and larger hospital brands remind us to be very cost effective in our approach and sensitive to the industry ground scenarios. Several of the larger private hospitals and smaller hospital chains are bleeding and/or do not have next generation leaders to lead their businesses. Borrowings have been the key reason for most large companies facing the challenge. For smaller set-ups, it has been their inability to seek and secure the right teams to manage their operations. Our interest in acquiring existing set-ups across a certain region, along with rebranding of the same under "Family Care" and consolidating their operations and increasing our business efficiencies could be our way ahead in this business. We intend to deepen our learning in this business during FY2018. We would be continuing our expansion of the OPG imaging networks this fiscal as well.

Thanking you.

Dr. Gautam Deshpande

Managing Director

DIN:00975368

   

Family Care Hospitals Ltd Company History

Family Care Hospitals Limited was originally incorporated as a Public Limited Company in the name of Pharma Offset Limited. Thereafter, the name of the Company was changed from Pharma Offset Limited to Pharma Com (India) Limited in June, 2000. Again, it was changed from Pharma Com (India) Limited to Count N Denier (India) Limited in March, 2012. Further, it got changed from Count N Denier (India) Limited to Scandent Imaging Limited in June, 2015 and from Scandent Imaging Limited to Family Care Hospitals Limited in June, 2022. Established in 1982 as a partnership firm, Pharma Offset became a public limited company in Sep.'94. It was promoted by Rashmikant C Doshi and Uday M Raval. The Company is presently engaged in Healthcare Services business. The company undertook an expansion-cum-modernisation programme in 1994-95. It came out with a public issue in Jan.'95 to part-finance the project. Pharma Offset supplies its products to reputed pharmaceutical companies like Lyka Labs, Dolphin Laboratories and to multi-nationals like Parke-Davis, Sandoz, Merind, Fulford (India), etc. The company has entered into a firm tie-up with Lyka Labs and Dolphin Laboratories for an offtake of upto 60% of the expanded capacity. In 1998-99, the company commenced an additional activity of trading in chemicals and bulk drugs. During the year 1999-2000, the company has changed its name to Pharma Com (India) Ltd. In 2018, the Company started two hospitals with the name of 'Family Care Hospitals' (FCH) in Mira Road and Mahim. In 2019, it started with their pharmacy business and provided people to buy medicines in a single click in their application specially designed to get them delivered at their convenient location. The FCH family boomed with introducing best multi speciality services viz, cardiology, Neurology, Gastroenterology, Nephrology, Urology, Obstetrics and gynecology, pediatric and neonatology, Orthopedics, General and Laparoscopy surgery. With most qualified and eligible team of doctors, FCH gained patient's trust and delivered high through Patient-Centric approach. FCH provided maximum services with minimum cost which buy belief in patients.

Family Care Hospitals Ltd Directors Reports

Family Care Hospitals Ltd Company Background

Pandoo Neig
Incorporation Year1994
Registered OfficePlot No A-357 Road No 26,Wagle Industrial Estate MIDC
Thane (West),Maharashtra-400604
Telephone91-22-25833205,Managing Director
Fax91-22-25833205
Company SecretaryMohini Waghade
AuditorS M Gupta & Co/M B Agrawal & Co
Face Value10
Market Lot1
ListingBSE,
RegistrarPurva Sharegistry (I) Pvt Ltd
9 ShivShakti Indl Es,J R Boricha Marg,Lower Parel,Mumbai - 400 011

Family Care Hospitals Ltd Company Management

Director NameDirector DesignationYear
Rajnish Kumar PandeyIndependent Director2022
Pandoo NeigManaging Director2022
Dhananjay ParikhNon-Exec. & Independent Dir.2022
Lucy MasseyAddtnl Non-Executive Director2022
Mohini WaghadeCompany Sec. & Compli. Officer2022

Family Care Hospitals Ltd Listing Information

Family Care Hospitals Ltd Finished Product

Product NameUnit Installed
Capacity
Production
Quantity
Sales
Quantity
Sales
Value
Sale of ServicesNA00014.18925
Sales taxNA0000
Bulk Drugs & Chemicals-TradedKg0000
Printed Cartons& Catch-coversNo0000
DiariesNo0000
Printed LablesNo0000
Printed Direction SheetsNo0000
Booklets & Medical FolderNo0000
MachinesNo0000
Excise DutyNA0000
Packing Charges (Collection)NA0000

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