Healthcare Global Enterprises - Leadership In Speciality Healthcare: Axis Securities Initiates Coverage
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.
Axis Securities Report
Oncology is the fastest growing industry in the healthcare market with a compound annual growth rate of 13% over FY16-19.
Healthcare Global Enterprises Ltd. has reported revenue CAGR of 19%, outpacing the industry growth. Over the same period, it has also delivered an encouraging new patients’ registration rate of 24.6% CAGR.
The company’s average revenue per occupied bed reached Rs 38,345 (up 21.9% Q2 FY22 YoY) due to high-end works and is expected to improve further with the increase in the volume of international patients.
Fixed cost comprises 65% of overall costs and operating leverage in new centers are likely to improve margins to 12%-15% over FY21-FY24E.
CVC Capital (private equity) is a new promoter of the company and Healthcare Global has appointed extensively experienced Mr. Raj Gore as a new Chief Executive Officer.
Click on the attachment to read the full report:
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.