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IDBI Capital Report
IDBI Capital has initiated coverage on Rainbow Children's Medicare Ltd. with a Buy rating and assign 24 times EV/Ebitda multiple at 10% premium to sector median to FY28E Ebitda estimate to arrive at a target price of Rs 1,744, implying a potential upside of 18%.
The brokerage believes Rainbow deserves to trade at a premium to the hospital sector owing to-
- its leadership position in the fastest growing segment of healthcare delivery in pediatric and maternal healthcare,
- industry-leading operating metrics, return ratios, and net cash balance sheet,
- a proven execution track record with sustained profitability across mature hospitals, and
- a scalable and capital efficient business model capable of supporting long-term earnings compounding.
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