JM Financial has suggested investors buy shares of Global Health Ltd. with a target price of Rs 1465. Currently, the market price stands at Rs 1218.05.
Global Health Ltd., established in 2004, operates as a small-cap company in the hospitals and allied services sector, with a market capitalization of Rs 32,528.33 crore.
Products and Revenue
The company primarily generates its revenue from hospital services, pharmaceuticals, and other operating activities for the fiscal year ending March 31, 2023.
Financial Performance
In the quarter ending March 31, 2024, Global Health Ltd. reported a consolidated total income of Rs 836.05 crore. This represents a slight decrease of -2.16% from the previous quarter’s total income of Rs 854.53 crore, but a positive increase of 14.24% from Rs 731.83 crore in the same quarter last year. The company achieved a net profit after tax of Rs 127.35 crore in the latest quarter.
Ownership Structure
As of March 31, 2024, promoters hold 33.04% of the company, while Foreign Institutional Investors (FIIs) own 12.1% and Domestic Institutional Investors (DIIs) hold 10.25%.
JM Financial’s recommendation reflects optimism about Global Health Ltd.’s financial performance and growth potential in the healthcare services sector.
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