Add Metropolis Healthcare, target price Rs 2254: ICICI Securities

ICICI Securities has given a add rating to Metropolis Healthcare with a target price of Rs 2254. The share price moved up by 2.38 per cent from its previous close of Rs 2139.05. The stock’s last traded price is Rs 2190.
Metropolis Healthcare Ltd., incorporated in the year 2006, is a Mid Cap company (having a market cap of Rs 11038.34 Crore) operating in Hospitals & Allied Services sector.

Metropolis Healthcare Ltd. key Products/Revenue Segments include Service Income which contributed Rs 664.87 Crore to Sales Value (99.93 % of Total Sales) and Other Operating Revenue which contributed Rs .44 Crore to Sales Value (0.06 % of Total Sales)for the year ending 31-Mar-2020.


Financials
For the quarter ended 30-09-2020, the company reported a Consolidated sales of Rs 288.35 Crore, up 101.46 % from last quarter Sales of Rs 143.13 Crore and up 29.14 % from last year same quarter Sales of Rs 223.28 Crore Company reported net profit after tax of Rs 60.52 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 50.81 per cent stake in the company as of June 30, 2020, while FIIs held 0 per cent, DIIs 0 per cent and public and others 49.19 per cent.