They have already opened one care home in Bangalore. Final due diligence going in for a 800+ apartment residency.
Chennai, Pune – they are still scouting for land for senior living residency project.
My take on this company is:
- They will break ground in Gurgaon, Bangalore and Noida phase 2 by end of this financial year or early next year. Followed by 3 more residencies in next two years – Pune Chennai and Chandigarh.
- Company can stay loss making till 2028 as company is small and rapid expansion on care/memory homes will mean more loss making units (at least till first year of operation)
- 2030 onwards it seems to have good future (obviously need to keep track, and mostly things will fall in place unless they do any blunder on capital allocation). Existing care homes can easily take care of the new car home setup.
- Beyond 2035 when senior residencies people start ageing all these resident will become implicit customers to the care home, care at home facilities and medical devices that company owns. One must understand that in addition to the normal business all residents will be captive customers of other facilities given by company.
So, not sure if any quick money can be made here. But future seems very bright.
My views are biased. Invested 7% of portfolio and will keep adding until major setback to the industry / company.
| Subscribe To Our Free Newsletter |
