Buy Metropolis Healthcare, target price Rs 1926: ICICI Securities

ICICI Securities has buy call on Metropolis Healthcare with a target price of Rs 1926. The current market price of Metropolis Healthcare is Rs 1617.45.

Metropolis Healthcare Ltd., incorporated in the year 2006, is a Mid Cap company (having a market cap of Rs 8295.68 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 30-09-2022, the company reported a Consolidated Total Income of Rs 304.68 Crore, up 7.70 % from last quarter Total Income of Rs 282.90 Crore and down -1.14 % from last year same quarter Total Income of Rs 308.19 Crore. Company reported net profit after tax of Rs 40.48 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.