Dr
Agarwal's Eye Hospital Ltd closes at ₹220.00 with a Fall of - 4.30 %
on 22-May- 2020 with formation of
a Small Red
Candle on Daily Price Chart.
Whats make it Attractive : Dr. Agarwal’s Eye Hospital, which treats around
15,000 patients daily across India and abroad, is running at
3040 per cent capacity. The hospital is witnessing
increase in footfalls since the lockdown restrictions have
been relaxed in many parts of the country. “Some of our hospitals are already full, but in
some places people are unable to come to the hospital because of transportation issue,” ( Source : Media )
As the hospital is in Eye care filed, which gives it an extra edge
compare to others.
The
company is expected to post Total Revenue of Rs.200.00 Cr & Net Profit of Rs.15.34 Cr
(Latest Year Revenue was Rs.178.60 Cr
& Net Profit of Rs.13.70 Cr FY2020) in FY2021.
Valuations : The Company is now Trading at X 0.6 of its
Value ( last 4 Quarters earnings considered ) . We have valued the company with
its full Financial year 2020 earnings ( PAT ), which is now X0.45 at a Discount
of ~55% and X 0.40 of its FY21 earnings with a Discount of ~60% .
Entreprise Value (EV) will rise to
Rs.103.4 Cr from Rs.89.70 Cr in FY2021 to
FY20 and Book Value will rise from Rs.117 in FY2020 to Rs.139 in FY2021.
Disclaimer : We are / may going to take exposure
shortly.
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