Hold Metropolis Healthcare, target price Rs 2000: JM Financial
Metropolis Healthcare Ltd., incorporated in the year 2006, is a Mid Cap company (having a market cap of Rs 9523.71 Crore) operating in Hospitals & Allied Services sector.
By ETMarkets.com | Updated:
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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.
JM Financial has given a hold rating to Metropolis Healthcare with a target price of Rs 2000. The share price moved down by 0.86 per cent from its previous close of Rs 1891.20. The stock’s last traded price is Rs 1875. Metropolis Healthcare Ltd., incorporated in the year 2006, is a Mid Cap company (having a market cap of Rs 9523.71 Crore) operating in Hospitals & Allied Services sector.
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.
Investment Rationale With the share of the high-margin B2C segment continuing to increase and Metropolis’ young patient touch-point network offering a long runway for growth, the medium-term growth drivers remain in place. However, at c.44x revised FY22E EPS, valuations remain stretched with limited room for underperformance.
