Shalby Ltd., incorporated in the year 2004, is a Small Cap company (having a market cap of Rs 989.91 Crore) operating in Hospitals & Allied Services sector.
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Promoters held 79.44 per cent stake in the company as of March 31, 2020, while FIIs held 3.68 per cent, DIIs 0.65per cent and public & others 16.23 per cent.
ICICI Direct has given a hold rating to Shalby with a target price of Rs 100. The share price moved up by 2.14 per cent from its previous close of Rs 91.30. The stock’s last traded price is Rs 93.25.
Shalby Ltd., incorporated in the year 2004, is a Small Cap company (having a market cap of Rs 989.91 Crore) operating in Hospitals & Allied Services sector.
Financials For the quarter ended 30-09-2020, the company reported a Consolidated sales of Rs 115.62 Crore, up 200.74 % from last quarter Sales of Rs 38.44 Crore and down 8.04 % from last year same quarter Sales of Rs 125.73 Crore. The Company reported net profit after tax of Rs 24.47 Crore in latest quarter.
Investment Rationale Leverage free b/s, strong margins and free cash flow generation are some strongholds. However, skewed margins, weak return ratios still remain major deflators. The brokerage arrives at a target price of Rs 100 based on SOTP by valuing hospitals (above six years) at 8x FY23E EV/EBITDA and hospitals (below six years) at 1x FY23E EV/sales. Promoter/FII Holdings Promoters held 79.44 per cent stake in the company as of March 31, 2020, while FIIs held 3.68 per cent, DIIs 0.65per cent and public & others 16.23 per cent.
