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Accumulate Krishna Institute of Medical Sciences; target of Rs 2164: Geojit Financial Services

Geojit Financial Services recommended accumulate rating on Krishna Institute of Medical Sciences with a target price of Rs 2164 in its research report dated June 06, 2024.

June 12, 2024 / 14:09 IST
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    Geojit Financial Services research report on Krishna Institute of Medical Sciences

    Krishna Institute of Medical Sciences Ltd (KIMS) is an India-based company providing medical and healthcare services. In Q4FY24, consolidated revenue grew 10% YoY to Rs. 634cr, driven by strong growth in key operational metrics across geographies. EBITDA margin narrowed 320 bps to 25.1% YoY owing to higher employee costs and other operating expenses. KIMS is strategically positioned to bolster its market share by expanding its hospital reach to new geographies. The continuous addition of skilled doctors and advancement of technologies should further boost its vision and performance.

    Outlook

    Hence, we reiterate our ACCUMULATE rating on the stock with a revised target price of Rs. 2,164 based on 35x FY26E adjusted EPS.

    For all recommendations report, click here

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    Krishna Institute of Medical Sciences - 10062024 - geo

    Broker Research
    first published: Jun 12, 2024 01:49 pm

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