|
14 Jul 2025 |
Metropolis Healthcare
|
Consensus Share Price Target
|
1885.30 |
1920.63 |
- |
1.87 |
buy
|
|
|
|
|
02 Jul 2025
|
Metropolis Healthcare
|
Emkay
|
1885.30
|
2050.00
|
1725.60
(9.25%)
|
Target met |
Buy
|
|
|
We met with Ameera Shah, Promoter and Executive Chairperson of Metropolis Healthcare (MHL), to gain insights into management strategy of growing organically (via network expansion) and inorganically (revenue synergies following the integration of recent acquisitions).
|
|
16 May 2025
|
Metropolis Healthcare
|
Keynote Capitals Ltd
|
1885.30
|
1778.00
|
1648.90
(14.34%)
|
Target met |
Neutral
|
|
|
Quarterly Update Q4FY25
|
|
09 Feb 2025
|
Metropolis Healthcare
|
Edelweiss
|
1885.30
|
2230.00
|
1839.30
(2.50%)
|
18.28 |
Buy
|
|
|
Network expansion to drive growth
|
|
06 Feb 2025
|
Metropolis Healthcare
|
ICICI Securities Limited
|
1885.30
|
2250.00
|
1851.95
(1.80%)
|
19.34 |
Buy
|
|
|
Metropolis’ Q3FY25 result was impacted by lower sales from institutional biz (2% impact on revenue) and muted growth in acute ailment tests. In last 4 years, Metropolis has widened its lab network by 68% to 209 labs in 9MFY25.
|
|
05 Feb 2025
|
Metropolis Healthcare
|
Emkay
|
1885.30
|
2350.00
|
1805.00
(4.45%)
|
24.65 |
Buy
|
|
|
MHL’s Q3FY25 EBITDA missed street/our estimates by 9%/4%, with revenue growing 11% YoY driven by B2C revenue improving 15% YoY.
|
|
11 Dec 2024
|
Metropolis Healthcare
|
Keynote Capitals Ltd
|
1885.30
|
2367.00
|
2222.50
(-15.17%)
|
25.55 |
Neutral
|
|
|
Company Update
|
|
10 Dec 2024
|
Metropolis Healthcare
|
Emkay
|
1885.30
|
2400.00
|
2220.85
(-15.11%)
|
27.30 |
Buy
|
|
|
MHL announced its acquisition of Core Diagnostics—an oncology focused diagnostics chain with majority of its revenue derived from North/East India— for Rs2.47bn, thus valuing the company at ~2.24x EV/Sales on FY24 revenue
|
|
13 Nov 2024
|
Metropolis Healthcare
|
Keynote Capitals Ltd
|
1885.30
|
2367.00
|
2050.15
(-8.04%)
|
25.55 |
Buy
|
|
|
Quarterly Update Q2FY25
|
|
11 Nov 2024
|
Metropolis Healthcare
|
Emkay
|
1885.30
|
2400.00
|
2154.80
(-12.51%)
|
27.30 |
Buy
|
|
|
MHL’s Q2FY25 print was in line with our estimates, with revenues growing 13% YoY, driven by B2C revenues improving 21% YoY.
|
|
14 Aug 2024
|
Metropolis Healthcare
|
Keynote Capitals Ltd
|
1885.30
|
2079.00
|
1981.35
(-4.85%)
|
Target met |
Neutral
|
|
|
Quarterly Update Q1FY25
|
|
23 May 2024
|
Metropolis Healthcare
|
Keynote Capitals Ltd
|
1885.30
|
1895.00
|
1946.85
(-3.16%)
|
Target met |
Sell
|
|
|
Quarterly Update Q4FY24
|
|
05 Feb 2024
|
Metropolis Healthcare
|
Keynote Capitals Ltd
|
1885.30
|
1683.00
|
1666.80
(13.11%)
|
Target met |
Neutral
|
|
|
Quarterly Update Q3FY24
|
|
07 Nov 2023
|
Metropolis Healthcare
|
Keynote Capitals Ltd
|
1885.30
|
1915.00
|
1519.35
(24.09%)
|
Target met |
Buy
|
|
|
Quarterly Update Q2FY24
|
|
07 Nov 2023
|
Metropolis Healthcare
|
Edelweiss
|
1885.30
|
1790.00
|
1519.35
(24.09%)
|
Target met |
Buy
|
|
|
Network expansion to drive growth
|
|
04 Aug 2023
|
Metropolis Healthcare
|
Keynote Capitals Ltd
|
1885.30
|
1605.00
|
1359.25
(38.70%)
|
Target met |
Buy
|
|
|
Quarterly Update Q1FY24
|
|
04 Aug 2023
|
Metropolis Healthcare
|
ICICI Securities Limited
|
1885.30
|
1440.00
|
1359.25
(38.70%)
|
Target met |
Hold
|
|
|
Metropolis’ Q1FY24 revenue growth (-1%) and EBITDA margin (-180bps) were impacted by discontinuation of a PPP contract (Q1FY23 sales of INR 200mn) while the core business grew 12% YoY. Metropolis remains committed to expand its network by: 1) deepening its presence in existing cities and venturing into newer ones, 2) connecting directly with consumers to increase B2C share, 3) M&As to improvise scale and restore margins to pre-covid levels.
|
|
03 Aug 2023
|
Metropolis Healthcare
|
Edelweiss
|
1885.30
|
1615.00
|
1407.65
(33.93%)
|
Target met |
Buy
|
|
|
Network expansion to drive growth
|
|
18 Jul 2023
|
Metropolis Healthcare
|
Keynote Capitals Ltd
|
1885.30
|
1700.00
|
1447.65
(30.23%)
|
Target met |
Buy
|
|
|
Initiating Coverage Report
|
|
18 May 2023
|
Metropolis Healthcare
|
ICICI Securities Limited
|
1885.30
|
1345.00
|
1241.30
(51.88%)
|
Target met |
Hold
|
|
|
Metropolis Healthcare’s (Metropolis) efforts to boost revenue growth through acquisitions and network expansion have taken a hit due to non-recurring covid- linked tests and PPP contracts.
|
|
18 May 2023
|
Metropolis Healthcare
|
Edelweiss
|
1885.30
|
1670.00
|
1241.30
(51.88%)
|
Target met |
Buy
|
|
|
Network expansion to drive growth
|