Buy Metropolis Healthcare, target price Rs 1978: BNP Paribas Securities

BNP Paribas Securities has buy call on Metropolis Healthcare with a target price of Rs 1978. The current market price of Metropolis Healthcare is Rs 1359.4.

Metropolis Healthcare, incorporated in the year 2006, is a Mid Cap company (having a market cap of Rs 6949.53 Crore) operating in Hospitals & Allied Services sector.

Metropolis Healthcare 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 has 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 has reported net profit after tax of Rs 40.48 Crore in latest quarter.

The company’s top management includes Dr.Sushil Kanubhai Shah, Mrs.Ameera Sushil Shah, Mr.Hemant Sachdev, Mr.Vivek Gambhir, Mr.Sanjay Bhatnagar, Mr.Milind Shripad Sarwate, Ms.Anita Ramachandran. Company has BSR & Co. LLP as its auditors. As on 30-06-2022, the company has a total of 5 Crore shares outstanding.

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.