Also the management has quoted a additional revenue of 100 to 150 cr from punjab from these tenders when the sites mature combined with margin improvements as well .Also i believe they will win this tender by default ,looking at prospective Cagr at current valutions ,i belevive this trades at a Pe of 10 ish which i believe is quite low for business like this specially in growing rural healthcare markets in india ,i have seen many times our relatives have to travel to tier 1 cities for better healthcare.So there is huge scope of requirement and market for healthare in tier 2 cities.
Another interesting thing i noticed in the con-call were franchise stores which will generate similar margins with very low capital investment just like patanjali imagine stores of krsnaa being opened.
I think this is a great scalable business which is trading at super low valautions with low downside protection.
Disc :Invested at 460 levels will buy more seeing if mangament is able to walk the talk with margin and revenue increas in punjab.
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