In today’s briefing:
- HCG: Emerging Centers Are Inching Closer to Maturity
HCG: Emerging Centers Are Inching Closer to Maturity
- HCG ended FY23 with decent profitability and is on track to see significant scale up over the next 12-18 months as its emerging centers become mature.
- During the course of the next couple of years, HCG is also looking to enhance its presence through the inorganic route.
- We project that HCG may do a PAT of INR 200cr by FY25. At the current market cap of INR 4450cr, HCG is attractively valued at 22x per FY25E PAT.
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