We initiate coverage on Asarfi Hospitals Ltd (AHL) with a ‘Buy’ rating and a Target Price (TP) of Rs.155 per share, implying 125% upside potential from current levels over the next 24 months. Established in 2008, AHL is a key multi-specialty tertiary healthcare service provider in the Dhanbad Area, founded and managed by first-generation entrepreneur. AHL is a undiscovered gem in healthcare space. AHL operating with a total bed capacity of 300 beds, comprising 250 beds at its Heart and Neuro Hospital, which is operating at occupancy rate of 65% and 50 beds at its New Cancer Hospital, operating at occupancy rate of 25%.
Enablers
As an extension of our practice at ValPro, we help early stage ventures with their fundraising process as well as services relating to investor readiness in various forms under Enablers.
Our aim is to provide an easy and speedy process to connect like-minded people who share a common vision to nurture businesses. We handhold young entrepreneurs on end-to-end execution for fundraising. We understand that time is a valuable resource while starting up and thus, ensure a seamless experience to ensure minimal disruption of operational bandwidth for entrepreneurs.
Our careful curation of startup opportunities by way of a deep dive into business models, backed by extensive research helps us present a relevant deal pipeline to investors.