Fortis Healthcare Ltd. (FHL) is India’s leading integrated healthcare delivery service provider. The healthcare verticals of FHL rimarily comprise hospitals, diagnostics and day care specialty facilities.
View & Valuvation
FHL is in a sweet spot to tap Indian healthcare‟s growth given its strong brand equity and leading position in the under-penetrated market. We expect revenue to grow at a CAGR of 13% over FY16-FY19E. Further, we estimate EBITDA to post a robust CAGR of 52% over FY16-19E on account of lower net BT costs. We initiate with a Buy rating with a target price of Rs220 based on SoTP valuation.
Investments in equity shares, debentures, etc., are not obligations of, or guaranteed by Wealth India Financial Services Pvt. Ltd., and are subject to investment risks. Click here to read our full disclaimer.