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Healthcare Global Enterprises Ltd share Price

Company details

337.50
348.55
253.15
380.35
6M Return 31.03%
1Y Return 27.74%
Mkt Cap.(Cr) 4,806.48
Volume 35,452
Div Yield 0.00%
OI
-
OI Chg %
-
Volume 35,452

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Steady quarter amid seasonality; outlook bullish…
About The Stock

    HCG operates one of the largest private cancer care networks in India with end-to-end solutions available under a single corporate entity. Most centres are on a lease or rental basis with some in partnership with local doctors or hospitals. Owing to exclusive agreement with vendors, HCG procures equipment on a deferred payment basis. Milann offers seven fertility centres in India.

    • HCG network has 22 comprehensive cancer centres (one in Kenya, four multi-specialty hospitals. HCG India, capacity beds: 1944; 1702 operational
    • Revenue mix FY22: HCG: 96%, Milann:4%; occupancy FY22: 58.3%; ARPOBD FY22: 36,697
Q4FY22

    HCG reported continued momentum this quarter.

    • Sales were up 22% YoY to ₹ 365 crore
    • EBITDA was at ₹ 63 crore, up 57% YoY with margins at 17.3%
    • Consequent adjusted profit for the quarter was at ₹ 6 crore

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Healthcare Global Enterprises announced Q1FY24 results:

  • Revenue of Rs 4,607 million in Q1FY24, up 13% YoY.
  • EBITDA of Rs 764 million in Q1FY24, up 5% YoY.
  • Profit After Tax of Rs 110 million in Q1FY24, up 17% YoY.
  • Overall ARPOB stood at Rs 39,686 vs. Rs 38,286 in Q1FY23.
  • Overall AOR stood at 66.9% vs. 61.0% in Q1FY23, a rise of 590 bps.

Commenting on the results, Dr. B.S. Ajaikumar, Executive Chairman, HealthCare Global Enterprises said, “HCG’s oncology network, through its presence and depth, uniquely positions the company to address the growing cancer burden in India holistically, while delivering quality cancer care and outcomes.

HCG's role today goes beyond mere service provision, extending into pioneering research and academia. We consistently encourage our medical professionals to delve into research, clinical trials, and active participation in global medical conferences and academic pursuits. We are currently working on the low dose immunotherapy & also collaborating with various MNC’s for developing technologies and AI based framework for treatments.

HCG strives to be the trusted healthcare partner for every individual battling cancer. We are honored to have earned the trust of our patients and the communities we serve and remain committed to upholding that trust every day."

 

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OUR RESEARCH VIEW

Investment recommendation
Steady quarter amid seasonality; outlook bullish…
Call Date
10 Feb 2023
Entry Price 286.00
Target Price 385.00
Duration
12 Month

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Healthcare Global Enterprises Ltd Stocks COMPARISION

INSIDER & INSTITUIONAL ACTIVITY

Equity Capital: 860.53 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 19,065.79 -8,050.74
LAST 3M 44,357.20 2,185.25
LAST 6M 53,246.77 150,167.93
LAST 12M 139,937.47 157,645.13

Healthcare Global Enterprises Ltd Information

Stock PE (TTM)
151.96
Promoter Holding
71.35%
Book Value
61.8046
ROCE
6.56%
ROE
1.35%
Description
  • Healthcare Global Enterprises Ltd is a provider of speciality healthcare in India focused on cancer and fertility. Under the `HCG` brand, it operates the largest cancer care network in India in terms of the total number of private cancer treatment centres licensed by the AERB. As of March 31, 2017, HCG network consisted of 18 comprehensive cancer centres, including its centre of excellence in Bengaluru, three freestanding diagnostic centres and one day care chemotherapy centre across India. Under the `Milann` brand, it operates fertility centres. Milann fertility centres provide comprehensive reproductive medicine services, including assisted reproduction, gynaecological endoscopy and fertility preservation; and follow a multidisciplinary and technology-focused approach to diagnosis and treatment. The Milann network also operates on a model similar to our HCG network, wherein the various Milann fertility centres aim to provide medical services following established protocols with a focus on quality medical care across diagnosis and treatment. The company operates seven Milann fertility centres across Bengaluru, Delhi, Chandigarh and Mumbai as on March 31, 2017. Healthcare Global Enterprises operates two multi-speciality hospitals in Ahmedabad and Bhavnagar, both in the state of Gujarat. HCG Multispecialty in Ahmedabad and Bhavnagar are tertiary care hospitals with 118 and 39 available operational beds, respectively, as of March 31, 2017. It provides comprehensive inpatient and outpatient treatments. Its key specialties include cardiology, neurology, orthopaedics, gastroenterology, urology, internal medicine and pulmonary and critical care. Healthcare Global Enterprises provides clinical reference laboratory services in India under the Triesta brand with a specialisation in oncology, including molecular diagnostic services and genomic testing. It has Triesta central reference laboratory located in its centre of excellence in Bengaluru. The Triesta central reference laboratory is accredited by NABL in India, as well as by CAP for quality assurance of laboratory tests performed. Additionally, Triesta offers research and development services to pharmaceutical and biotechnology companies in the areas of clinical trial management and biomarker discovery and validation. Healthcare Global Enterprises Ltd was originally incorporated as Curie Centre of Oncology Private Limited on March 12, 1998 at Bengaluru, Karnataka, India as a private limited company. The name of the company was subsequently changed to HealthCare Global Enterprises Private Limited on November 14, 2005. Thereafter the company was converted into a public limited company and the name of the company was changed to HealthCare Global Enterprises Limited on July 5, 2006. The company acquired 50.10% equity interest in BACC Healthcare in 2013 which operates fertility centres under the Milann brand, through itself and its wholly-owned subsidiary, DKR Healthcare. HCG EKO Oncology LLP (HCG EKO LLP) HCG EKO LLP was incorporated on May 15, 2015, under the LLP Act as a limited liability partnership firm. HCG EKO LLP is authorised to primarily engage in the business of setting up hospitals at Kolkata with high end linear accelerators, oncology pharmacy and matters incidental and ancillary thereto. HCG (Mauritius) Pvt. Ltd. (HCG Mauritius) was incorporated as a Wholly Owned Subsidiary of the company on May 22, 2015, under the Companies Act, 2001 of Mauritius, as a private limited company. HCG Mauritius is authorised to hold companies which are primarily engaged in the business of treating persons with cancer, carrying on research in the field of oncology and providing various services in the field of oncology. HealthCare Global (Africa) Pvt. Ltd (HCG Africa) was incorporated as a Wholly Owned Subsidiary of the company on May 22, 2015, under the Companies Act, 2001 of Mauritius, as a private limited company. HCG Africa is authorised to engage in the business of treating persons with cancer, carrying on research in the field of oncology and providing various services in the field of oncology and hold companies which are engaged in the same business. Healthcare Global Enterprises entered into a share purchase agreement dated November 23, 2015 with HCG TVH, its erstwhile subsidiary, and Anderson Diagnostics Private Limited. Pursuant to the terms of this agreement, Healthcare Global Enterprises has transferred its entire shareholding in HCG TVH aggregating 51% of the total paid up equity share capital of HCG TVH to Anderson Diagnostics Private Limited for an aggregate consideration of Rs.510,000. Accordingly, HCG TVH has ceased to be the subsidiary of the Company during the Financial Year. During the financial year ended 31 March 2016, Healthcare Global Enterprises transferred its entire shareholding in HealthCare Global (Uganda) Private Limited (`HCG Uganda`), HealthCare Global (Kenya) Private Limited (`HCG Kenya`) and HealthCare Global (Tanzania) Private Limited (`HCG Tanzania`) to HealthCare Global (Africa) Pvt. Ltd. Accordingly, HCG Uganda, HCG Kenya and HCG Tanzania have become level two subsidiaries of the company. During the year under review, Healthcare Global Enterprises introduced two major latest technologies at some of its centres viz. Robotic Surgery and Tomotherapy Treatment System. Robotic Surgery is an advanced form of minimally invasive or laparoscopic (small incision) surgery, where surgeons use a computer-controlled robot to assist them in certain surgical procedures. This facility was installed at Bangalore and Ahmedabad centres. The TomoTherapy treatment system uses a patented multi-leaf collimator (MLC) that divides the radiation beam into beamlets, all aimed at the tumor. More beam directions give physicians more control in how they plan treatments-and more assurance that dose will be confined to the tumor, reducing the risk of short- and long-term side effects. This facility was installed at Kalinga Rao Road centre, Bangalore. During the financial year ended 31 March 2016, the company completed its Initial Public Offering (IPO) of 29,800,000 equity shares of Rs. 10 each, comprising of Fresh Issue of 11,600,000 equity shares and Offer For Sale of 18,200,000 equity shares at a premium of Rs. 208 per equity share. The total issue size was Rs. 6496.4 million. The IPO was open for subscription during the period from 16 to 18 March 2016. The shares got listed the National Stock Exchange of India Limited and BSE Limited on 30 March 2016. In April 2016, HCG launched its first cancer centre in Visakhapatnam, under its subsidiary company, HCG Pinnacle Oncology Private Limited. HCG Pinnacle Cancer Centre has a capacity of upto 88 beds and provides high quality and comprehensive cancer care services. In May 2016, the company launched its new advanced comprehensive cancer centre in Baroda, under its subsidiary, HCG Oncology LLP. The Centre has a bed capacity of 65 beds and is one of the most advanced in terms of technology in the HCG network. HCG Manavata Oncology LLP was incorporated on August 10, 2016, under The Limited Liability Partnership Act, 2008 as a limited liability partnership firm. The Partners of the LLP are HCG and Dr. Rajnish Nagarkar, in the capital contribution ratio of 51:49, respectively. HCG Manavata Oncology LLP is authorised to primarily engage in the business of setting up hospitals at Nashik, Maharashtra with high end linear accelerators, pharmacy and matters incidental and ancillary thereto. In March 2017, HCG expanded its operations in Nashik. HCG through its subsidiary HCG Kenya signed definitive agreements in March 2017 to acquire a majority stake in Cancer Care Kenya (CCK) a leading cancer care centre in Nairobi, Kenya, subject to review and approval by the Competition Authority of Kenya (CAK) and other requisite approvals. CDC, the development finance institution of UK Government, which has partnered with HCG for Africa investments, would partner with HCG through HCG Kenya, an off-shore subsidiary, for the acquisition. MP Shah Hospital, a leading tertiary care hospital in Kenya, will also participate in the transaction. CCK, which started operations in 2010, is the first comprehensive cancer centre in Kenya. CCK treats over a thousand patients annually including over two hundred patients from other African nations. During the year ended 31 March 207, the percentage of holding of Healthcare Global Enterprises Ltd in HCG NCHRI Oncology LLP increased from 51% to 76%.In May 2017, HCG launched its first cancer centre in Kanpur, the largest the state of Uttar Pradesh, under its subsidiary company, HCG Regency Oncology Healthcare Private Limited. HCG Regency Oncology Centre is equipped with 90 beds and features advanced radiation therapy, a multi-disciplinary team of oncologists including sub-specialists, as well as the first PET-CT and bone marrow transplant unit.

Registered Address

HCG Tower No 8 Kalinga Rao Rd, Sampangi Rama Nagar, Bangalore, Karnataka, 560027

Tel : 91-80-4660-7700
Email : sunumanuel:hcgoncology.com
Website : http://www.hcgel.com
Registrar

KFin Techologies Ltd

AGM Date (Month) : Sep
Face Value Equity Shares : 10
Market Lot Equity Shares : 1
BSE Code : 539787
NSE Code : HCG
Book Closure Date (Month) :
BSE Group : B
ISIN : INE075I01017

FAQ’s on Healthcare Global Enterprises Ltd Shares

You can buy Healthcare Global Enterprises Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Healthcare Global Enterprises Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Sep 26, 2023 10:34 AM the closing price of Healthcare Global Enterprises Ltd was ₹ 345.40.

Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Sep 26, 2023 10:34 AM, the market cap of Healthcare Global Enterprises Ltd stood at ₹ 4,806.48.

The latest PE ratio of Healthcare Global Enterprises Ltd as of Sep 26, 2023 10:34 AM is 151.96

The latest PB ratio of Healthcare Global Enterprises Ltd as of Sep 26, 2023 10:34 AM is 0.18

The 52-week high of Healthcare Global Enterprises Ltd is ₹ 380.35 while the 52-week low is ₹ 253.15

According to analyst recommendations, Healthcare Global Enterprises Ltd has a “Buy” rating for the long term.

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