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Axis Securities Report
Oncology is the fastest growing industry in the healthcare market with a compound annual growth rate of 13% over FY16-19.
Healthcare Global Enterprises Ltd. has reported revenue CAGR of 19%, outpacing the industry growth. Over the same period, it has also delivered an encouraging new patients' registration rate of 24.6% CAGR.
The company's average revenue per occupied bed reached Rs 38,345 (up 21.9% Q2 FY22 YoY) due to high-end works and is expected to improve further with the increase in the volume of international patients.
Fixed cost comprises 65% of overall costs and operating leverage in new centers are likely to improve margins to 12%-15% over FY21-FY24E.
CVC Capital (private equity) is a new promoter of the company and Healthcare Global has appointed extensively experienced Mr. Raj Gore as a new Chief Executive Officer.
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