Buy Shalby, target price Rs 150: ICICI Direct

ICICI Direct has buy call on Shalby with a target price of Rs 150. The current market price of Shalby Ltd. is Rs 129.15.

Shalby Ltd., incorporated in the year 2004, is a Small Cap company (having a market cap of Rs 1397.65 Crore) operating in Hospitals & Allied Services sector.

Shalby Ltd. key Products/Revenue Segments include Sale of services, Medicines 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 205.67 Crore, up 23.27 % from last quarter Total Income of Rs 166.84 Crore and up 5.53 % from last year same quarter Total Income of Rs 194.90 Crore. Company reported net profit after tax of Rs 20.10 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 74.04 per cent stake in the company as of 30-Jun-2022, while FIIs owned 3.92 per cent, DIIs 0 per cent.