ICICI Securities has add call on with a target price of Rs 4736. The current market price of Apollo Hospitals Enterprise is Rs 4371.15.
Time period given by analyst is one year when
. price can reach defined target.
Apollo Hospitals Enterprise Ltd., incorporated in the year 1979, is a Large Cap company (having a market cap of Rs 63658.50 Crore) operating in Hospitals & Allied Services sector.
Apollo Hospitals Enterprise Ltd. key Products/Revenue Segments include HealthCare Services and Other Operating Revenue for the year ending 31-Mar-2022.
Financials
For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 3811.66 Crore, up 6.56 % from last quarter Total Income of Rs 3577.15 Crore and up .71 % from last year same quarter Total Income of Rs 3784.85 Crore. Company reported net profit after tax of Rs 335.80 Crore in latest quarter.
Investment Rationale
Apollo Hospitals Enterprise’s (AHEL) Q1FY23 performance was a mixed bag. Revenue grew 7% QoQ to Rs38bn (I-Sec: Rs36.6bn). EBITDA margins stood at 12.9% vs estimate of 14%. ARPOB improved while ALOS declined sequentially during the quarter. Company remains focused on expanding its digital platform (Apollo 24/7) and will continue to invest aggressively in it, which would restrict operational performance in the near term. It remains positive on AHEL’s long-term outlook considering its strong brand and pan-India presence in hospital segment, and aggressive focus on creating a digital network for pharmacies, doctor consultation, clinics and diagnostics. Recent run up in the stock price (~21% in last 3 months) makes upside limited. It downgrades the stock to ADD (from Buy) with a revised target price of Rs4,736/share (earlier: Rs4,336/share).
Promoter/FII Holdings
Promoters held 29.33 per cent stake in the company as of 30-Jun-2022, while FIIs owned 48.48 per cent, DIIs 15.64 per cent.
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