Apollo Hospitals Enterprise Ltd., incorporated in the year 1979, is a Large Cap company (having a market cap of Rs 46057.82 Crore) operating in Hospitals & Allied Services sector.
Financials
For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 2888.40 Crore, up 4.45 % from last quarter Total Income of Rs 2765.34 Crore and down -1.30 % from last year same quarter Total Income of Rs 2926.38 Crore. Company reported net profit after tax of Rs 152.77 Crore in latest quarter.
Investment Rationale
The brokerage maintains ADD with a revised target price of Rs3,466/share based on SoTP valuation on FY23E (earlier Rs2,888/share). It now considers EBITDA and debt as per IND-AS-116 for the valuation purpose. Key downside risks are: higher competition and further delay in elective surgeries.
Promoter/FII Holdings
Promoters held 29.8 per cent stake in the company as of March 31, 2021, while FIIs held 54.6 per cent, DIIs 9.2 per cent and public and others 6.4 per cent.
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