Chennai Meenakshi Multispeciality Hospital (CMMH), formerly known as Devaki Hospital, is a 100-bedded hospital located in the heart of Chennai at Mylapore..It is headed by its CEO, Dr.V.Krishnamurthy, an eminent Rheumatologist.Financial performance of the hospital has improved during the last Q ended March 2012 and is expected to take a U-turn during the next few years .
|Scrip Code : 523489 Company : CHENNAI MEENAKSHI MULTISPECIALITY HOSPITAL LTD.-$|
The company’s market cap. at CMP is less than Rs. 6 crores ( equity of Rs. 7.5 crFV Rs.10 and CMP @ Rs. 8) and with loans amounting to about Rs.18 crores(see annual report ) .the enterprise value is much less than even the land cost on which the 100 bedded hospital is standing.Management have plans to start a medical college next to the hospital and expand the hospital to 200 beds.
Buy at CMP is recommended for a term of 3-4 years.
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