Moneycontrol Be a Pro
Get App
Last Updated : Aug 19, 2019 02:03 PM IST | Source: Moneycontrol.com

Buy Thyrocare Technologies; target of Rs 595: Prabhudas Lilladher

Prabhudas Lilladher is bullish on Thyrocare Technologies has recommended buy rating on the stock with a target price of Rs 595 in its research report dated August 14, 2019.

Broker Research @moneycontrolcom
 
 
live
  • bselive
  • nselive
Volume
Todays L/H
More

Prabhudas Lilladher's research report on Thyrocare Technologies


Thyrocar's sales grew 13% YoY, EBITDA grew 11% Yoy and PAT increased by 16% YoY in Q1FY20. The growth in preventive care returned with lower realisation due to more focus on volume growth instead of price cuts key diagnostic tests. Overall, Thyrocar increased 10% price for its sick care business in B2B segment while price of few tests in preventive care marginally reduced in Q1FY20. Management guided that the benefits of price rationalization in Aarogyam 1.1, 1.2 and 1.3 will be visible in FY20E.


Outlook


While diagnostic companies is expected to trade at premium valuation with features of consumers business, Thyrocar valuation has been corrected by 36% in 12 months. With attractive valuation vs. peers, we maintain our earnings estimate and BUY rating with TP at Rs595.


For all recommendations report, click here


Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.




The Great Diwali Discount!
Unlock 75% more savings this festive season. Get Moneycontrol Pro for a year for Rs 289 only.
Coupon code: DIWALI. Offer valid till 10th November, 2019 .
First Published on Aug 19, 2019 02:03 pm
Loading...
Sections
Follow us on
Available On
PCI DSS Compliant