Search
+
    Invest with Confidence. Lead with Insights.
    • Drench in the knowledge with exclusive insights, ePaper & smart market tools with ETPrime.

    KIMS: Healthy prospects ahead; why analysts are bullish on this stock

    KIMS offers healthcare services in more than 40 specialties and super specialties.

    Synopsis

    KIMS operates a network of 12 hospitals across Telangana, Andhra Pradesh and Maharashtra with a total bed capacity of 3,975 beds. A JM Financial report is bullish on the stock due to expansion-led growth, stable margins, and valuation comfort. It trades at a 12-month forward EV/EBITDA of 21.4 times, a 12.4% discount to the industry median, according to Reuters-Refinitiv data.

    The healthcare company missed estimates in the March 2024 quarter due to weakness in the Telangana cluster and some one-off expenses. The net profit of Rs.65.5 crore was 24.4% lower than the consensus estimates of analysts compiled by Reuters-Refinitiv. The delay in the hiring of senior doctors and renovation costs in the Secunderabad unit impacted profitability during the quarter. Also, the decline in occupancy across units on a sequential
    • FONT SIZE
    • SAVE
    • PRINT
    • COMMENT
    ET

    Uh-oh! This is an exclusive story available for selected readers only.

    Worry not. You’re just a step away.

    Why ?

    • Exclusive Economic Times Stories, Editorials & Expert opinion across 20+ sectors

    • Stock analysis. Market Research. Industry Trends on 4000+ Stocks

    • Clean experience with
      Minimal Ads
    • Comment & Engage with ET Prime community
    • Exclusive invites to Virtual Events with Industry Leaders
    • A trusted team of Journalists & Analysts who can best filter signal from noise
    • ​Get 1 Year Complimentary Subscription of TOI+ worth Rs.799/-​

    The Economic Times