High certainty pickBased on the estimated 2026 EBITDA of 76 Crs INR and Forward EV/EBITDA multiple of 21x, I think the stock may have an FV of 94 INR (upside of 20% from 79 INR).
The EBITDA projection stems from assuming higher capacity utilization in 2026. The current capacity of the hospital is sitting around 71%, due to their recent expansion. I am of the view that as they market the hospital further they will get back to the 85% - 90% utilization range. To be conservative, I have modeled 85% OPD utilization i
Long
