Stock Snapshot
Price Performance
Recommendation Rationale
Strong growth outlook supported by aggressive capacity expansion and geographic diversification.
Basis of our Recommendation
Artemis Medicare Services is aggressively expanding its operational capacity, targeting a significant increase in bed count across multiple facilities, including new hospitals in Raipur and South Delhi. The company anticipates strong revenue growth driven by international patient inflows and strategic geographic diversification. While initial losses from new facilities may pressure margins temporarily, the overall outlook remains positive with a focus on operational efficiencies and robust market demand.
Why We Like This Stock
- Plans to increase bed capacity from 800 to 2,000 by 2029, enhancing revenue potential
- Strong international patient growth contributing to revenue stability
- Strategic geographic diversification with new facilities in high-demand areas
Things To Watch Out For
- Initial losses from new hospital operations may pressure margins temporarily
- Potential competitive pressures in the healthcare market
Key Parameters
Financial Snapshot
| Actuals | Forecast | ||||
|---|---|---|---|---|---|
| FY24 | FY25 | FY26 | FY27 | FY28 | |
| Revenue (Cr.) | 845 | 913 | 1,060 | 1,205 | 1,379 |
| Profit Before Tax (Cr.) | 68 | 109 | 142 | 157 | 182 |
| PBT Margin | 8.0% | 11.9% | 13.4% | 13.1% | 13.2% |
| Net Profit (Cr.) | 56 | 87 | 105 | 118 | 136 |
| EPS | 3.6 | 5.5 | 6.6 | 7.5 | 8.6 |
Company Overview
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Artemis Medicare Services Limited engages in the management and operation of multi-specialty hospitals in India and internationally. The company provides medical and surgical intervention, and inpatient and outpatient services. It also offers billing and insurance, childcare, emotional and support program, full body checkup, international patient, medical interpreter and record, mind body medicine, nursing, nutrition, patient and family advisory, patient advocacy and portal, pre-admission testing, and smoking cessation program services, as well as home care services. Artemis Medicare Services Limited was incorporated in 2004 and is based in Gurugram, India.