Share prices of India’s leading multi-specialty hospital moved up by over 1.6 percent at Rs. 309.15 in the morning session from its previous close of Rs. 304.2, after announcing an acquisition.
With a market cap of Rs. 3,338 crore, Shalby Limited has given over 67.7 percent returns in the past six months and nearly 102.3 percent in the last one year. So far, the company has given returns of over 3 percent in 2024.
According to the recent filings in the stock exchanges, Shalby announced a strategic investment in Sanar International Hospitals, Gurugram (PK Healthcare Private Ltd.) with an acquisition of 87.23 percent equity stake for a consideration of approximately Rs. 102 crore on January 18.
This equity stake will be acquired through primary infusion and secondary buy-outs within a period of one month.
Sanar International Hospitals offers extensive, advanced surgical care in specialities like cancer, heart, blood and marrow transplant, kidney and liver transplant, and neurosciences among other specialities.
With this acquisition, Sanar International hospitals will be able to take advantage of the global presence and leadership of Shalby Ltd. in Orthopaedics.
This investment is in line with the company’s strategy to accelerate its presence in the Delhi/NCR region with the aim to scale up international business along with consolidating its presence in the Northern part of India.
In terms of financials, Shalby has been maintaining a healthy dividend payout of 21.5 percent and the debtor days have improved from 60.4 to 48.2 days, but has a low return on equity of 6.43 percent over the last 3 years.
The company’s revenue from operations on a year-on-year basis grew by 17.93 percent from Rs. 235 crore in the June 2023 quarter to Rs. 238 crore in the September 2023 quarter, accompanied by a 49.89 percent increase in net profit from Rs. 20.82 crore in June 2023 quarter to Rs. 27.58 crore in September 2023 quarter.
Shalby Limited has over 29 years of experience in delivering quality and affordable healthcare operating a chain of 10 multispecialty tertiary hospitals and 5 orthopedic centers across India.
It has taken its expertise to benefit patients globally as well and has an
OPD presence in Kenya, Tanzania, and Uganda. Moreover, they also have tie-ups with RAK Hospital, in Ras-al Khaimah and Saudi German Hospital in Dubai to extend expert healthcare to the people of the United Arab Emirate (UAE).
Written by Shivani Singh
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