Healthcare Global Enterprises Ltd., incorporated in the year 1998, is a Small Cap company (having a market cap of Rs 2408.78 Crore) operating in Hospitals & Allied Services sector.
Financials
For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 302.45 Crore, up 8.08 % from last quarter Total Income of Rs 279.83 Crore and up 11.17 % from last year same quarter Total Income of Rs 272.06 Crore. Company reported net profit after tax of Rs -114.64 Crore in latest quarter.
Investment Rationale
The brokerage remains positive on the stock as the company is poised to grow positively hereon and strengthening of balance sheet with no major capex plan in near term. However, recent run up in the stock has limited the upside potential, hence it downgrades to ADD from Buy with a revised target price of Rs206/share.
Promoter/FII Holdings
Promoters held 70.7 per cent stake in the company as of March 31, 2021, while FIIs held 7.6 per cent, DIIs 8.4 and public and others 13.3 per cent.
(Disclaimer: Views and recommendations given in this section are the analysts’ own and do not represent those of ETMarkets.com. Please consult your financial adviser before taking any position in the stock/s mentioned.
