I think investors need to ignore management guidance and just look at the data. This is a company for which there is quite a lot of data publicly available, but not many people are working on it.
Punjab has 25 CT centres. In general, mature CT centres give around 3 Cr. of revenue. This adds up to 75 Cr. potentially from these centres.
An MRI machine adds around 2-2.5 Cr. of revenue. Punjab has 6 of these machines. That’s around 12-15 Cr. of revenue.
Adding all of this up, 100 Cr. from Punjab + HP Pathology + Maharashtra is very reasonable. By my own calculations, I think it is conservative, and they should be able to do 130 Cr. from these 3.
PS: The Rajasthan tender is up again.
https://rajswasthya.nic.in/PDF/331%20dt%2007.12.2022%20RFP.pdf
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