Vijaya Diagnostics IPO - Healthy Outlook, Steady Cash Generation Augur Well: Reliance Securities

Vijaya Diagnostics IPO - Healthy Outlook, Steady Cash Generation Augur Well: Reliance Securities

A PET scanner stands in the diagnostic imaging area. (Photographer: Xaume Olleros/Bloomberg)

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Reliance Securities' IPO Report

Vijaya Diagnostic Centre Ltd., incorporated in June 2002, is the largest integrated diagnostic chain in southern India.

The company offers a one-stop solution for pathology and radiology testing services to its customers through extensive operational network, which consists of 80 diagnostic centres and 11 reference laboratories across 13 cities/towns in Telangana, Andhra Pradesh, National Capital Region and Kolkata.

It provides -added services such as home collection of specimens/samples, house calls and various delivery of test reports via different modes such as (diagnostic centres, SMS, email and web portal).

The company's financial performance has been impressive over the two years.

While its revenue clocked 13% compound annual growth rate over FY19-FY21, net profit recorded a robust 36% CAGR during the same period.

Click on the attachment to read the full IPO report:

Reliance Securities IPO Note Vijaya Diagnostic Centre.pdf
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