Virinchi...

Discussion in 'Ask A Query About Your Stock Picks And Portfolio' started by 7cr, Aug 9, 2017.

  1. 7cr

    7cr New Member

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    Virinchi appears to be a huge value pick at current mkt. cap. They have been in the hospital business for the last decade and are now merging it into the listed entity. They are rapidly expanding the hospital biz and have plans of 2000 beds. Their Virinchi hospital is at banjara hills, prime location in hyderabad. They have got many awards as a hospital as well. And their doctors have got individual accolades. Promoter holding will increase to 48% post merger. The hospital business is a huge opportunity. They are market leaders in their IT biz as well. They are trading at close to a 5 PE FY19E. Company should be valued close to 1000cr. Worst case valued at 4-500cr level. It is currently at around 150cr mkt. cap. It is a huge opportunity. Management is good and ethical, some say they aren't but there is no news about them doing anything off.. How they have not participated in this bull run is unknown..
     
  2. sanjib

    sanjib New Member

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    They are not in hospital business for decades but it's a greenfield project for them.
     
  3. vinodvaddi

    vinodvaddi New Member

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    The promoter has been running 2 hospitals since 2008 under the brandname Bristlecone. Now all the hospitals and IT company will be merged.
     
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