The shares of this small-cap healthcare firm surged by 3.2 percent to an intraday high of Rs 426.60 per share on Thursday after a Domestic Institutional Investor (DII) increased the stake.
Share price movement:
With a market capitalization of Rs 3,583.82 crores, the shares of Yatharth Hospital & Trauma Care Services Limited at 12:00 PM were trading at Rs 417.45 apiece, up by 1.02 percent on Thursday’s afternoon market hours. The shares of this company generated a return of 25 percent over the past year and 11.20 percent over the past 6 months.
What happened:
According to BSE’s Bulk deal data as of 3rd July 2024, the Domestic Institutional Investor, ICICI Prudential Mutual Fund has bought a total of 20,00,000 units of equity shares or 2.3 percent in Yatharth Hospital for Rs 405.00 apiece.
As of March 2024, ICICI Prudential Mutual Fund’s stake in Yatharth stood at 2.5 percent. Currently, they have increased their stake to 4.8 percent.
Meanwhile, as per the same BSE bulk deals data and as on the same day mentioned above, another DII named Plutus Wealth Management LLP sold 25,00,000 units of equity shares or 2.9 percent stake in Yatharth Hospital at a price of Rs 405.07 apiece.
Financials:
Reviewing the financials of Yatharth Hospital on a year-on-year basis, the revenues rose by 40.3 percent from Rs 478 crores in FY23 to Rs 671 crores in FY24. In the same time frame, the net profits increased from Rs 66 crores to Rs 114 crores, demonstrating a 72.7 percent increase.
In addition to these financial achievements, Yatharth Hospital’s EBITDA grew by 35 percent from Rs 133.8 in FY23 to Rs 179.9 crores in FY24. Also, The profit before tax (PBT) grew by 79 percent from Rs 87.7 crore to Rs 156.8 crore in the same time period, Moreover, the Return on Capital Employed and Return on Equity for the same year stood at 32 percent and 22 percent, respectively.
Ratios:
In terms of Margin ratios for the year 2024, Yatharth has reported a net profit margin of 20 percent and a gross profit margin of 31.17 percent.
Capacity Expansion:
Yatharth Hospital has expanded its capacity as part of its capex plans. On May 12, 2024, the firm opened a new facility in Faridabad with a sum total of 200 beds. To strengthen Yatharth’s presence in the Delhi NCR market and enhances its healthcare services in the region.
Occupancy Rate:
The full-year occupancy rate of Yatharth Hospital stood at 54 percent in FY24 compared to 45 percent in FY23. The highest occupancy rate stood at 89 percent in the year 2024.
Key Investors:
Apart from ICICI Prudential Mutual Fund, the other key investors of Yatharth include prominent firms such as HDFC Mutual Fund, Motilal Oswal Funds, Max Life Insurance, Kotak Mahindra Life Insurance, SBI Life Insurance, Canara HSBC Life Insurance, etc.
Shareholding Pattern:
As of March 2024, the shareholding structure of the firm was as follows: promoters held 66.54 percent, the public owned 20.13 percent, foreign institutional investors accounted for 3.99 percent, and domestic institutional investors held 9.33 percent.
About the Company:
Incorporated in 2008, Yatharth Hospital and Trauma Care Services Limited is a multi-care hospital in Greater Noida, Uttar Pradesh. Yatharth provides services in the fields of cardiology, cardiovascular and thoracic surgery, neurology, neurosurgery, urology, nephrology, oncology, etc.
Written By Zahal
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
