Buy Metropolis Healthcare, target price Rs 1700: JM Financial

JM Financial has buy call on Metropolis Healthcare with a target price of Rs 1700. The current market price of Metropolis Healthcare is Rs 1422.2. Time period given by analyst is one year when Metropolis Healthcare Ltd. price can reach defined target.

Metropolis Healthcare Ltd., incorporated in the year 2006, is a Mid Cap company (having a market cap of Rs 7237.90 Crore) operating in Hospitals & Allied Services sector.

Metropolis Healthcare Ltd. key Products/Revenue Segments include Service Income and Other Operating Revenue for the year ending 31-Mar-2022.



Financials
For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 282.90 Crore, down -9.20 % from last quarter Total Income of Rs 311.58 Crore and down -14.41 % from last year same quarter Total Income of Rs 330.53 Crore. Company reported net profit after tax of Rs 33.56 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 49.79 per cent stake in the company as of 30-Jun-2022, while FIIs owned 23.2 per cent, DIIs 14.5 per cent.