Hospital company Aster DM Healthcare (NSE: ASTERDM) can distribute bumper dividends to its investors. Actually, the company’s subsidiary Aster DM Health is going to sell its stake in FZC to GCC Holding Limited.
On January 15, the company informed that the board is planning to use a major part of the upfront payment in this transaction to pay dividends to its shareholders.
For this reason, the investors of the company can earn bumper income in the form of dividends.
What Information Has The Company Given?
In a letter sent to the stock exchange on January 15, Aster DM Healthcare said that the company’s board reviewed the deal for the sale of GCC business between subsidiary Affinity Holdings Private Limited and Alpha GCC Holding Limited and expressed hope that this transaction will be completed soon.
The company has informed that the board wants to use 70 to 80 percent of the upfront payment of this deal to give dividends to the investors.
This will be equivalent to a dividend of Rs 110-120 on each share. The company made it clear that the final decision on the dividend will be taken only when this transaction is completed and the company receives its amount.
The transaction is expected to be completed within this financial year.
What Is This Deal?
The corporate hospital chain Aster DM Healthcare informed the stock exchanges in November that Affinity Holdings Private Limited would sell its stake in Aster DM Healthcare FZC.
The subsidiary is selling this stake to Alpha GCC Holdings for $1.01 billion.
How Was The Stock’s Performance?
The stock closed at Rs 400 on Monday with a decline of about one percent. The stock has increased only 1 percent in the last one month.
The return on the stock in one year has been 80 percent. The stock has increased by 146 percent in 3 years.
About Aster DM Healthcare Ltd
Aster DM Health Care Limited is a provider of healthcare services. Hospitals and their in-house pharmacies are included under the Hospitals segment.
The Clinics segment consists of clinics with in-house pharmacies. Retail pharmacies include standalone retail pharmacies, optical outlets, and other retailers. The Other segment includes healthcare consulting services.
The geographical segments of the Company include the GCC states, which include the United Arab Emirates (UAE), Qatar, Oman, and the Kingdom of Saudi Arabia, Jordan, Kuwait Bahrain.
The Company’s healthcare services are offered under the Aster, Medicare, and Access brands.
Fundamental Analysis of Aster DM Healthcare Ltd
| Market Cap | ₹ 21,329 Cr. |
| Current Price | ₹ 426 |
| 52-wk High | ₹ 450 |
| 52-wk Low | 201 |
| Stock P/E | 65.7 |
| Book Value | ₹ 87.6 |
| Dividend | 0.00 % |
| ROCE | 9.21 % |
| ROE | 11.0 % |
| Face Value | ₹ 10.0 |
| P/B Value | 4.86 |
| OPM | 13.1 % |
| EPS | ₹ 5.69 |
| Debt | ₹ 5,995 Cr. |
| Debt to Equity | 1.37 |
Aster DM Healthcare Share Price Target 2024 To 2030
| Year | 1st Target | 2nd Target |
| 2024 | ₹430 | ₹489 |
| 2025 | ₹500 | ₹542 |
| 2026 | ₹560 | ₹600 |
| 2027 | ₹620 | ₹680 |
| 2028 | ₹750 | ₹800 |
| 2029 | ₹820 | ₹900 |
| 2030 | ₹962 | ₹1100 |
Aster DM Healthcare Shareholding Pattern
| Promoters Holding | |
| Sept 2022 | 37.88% |
| Dec 2022 | 37.88% |
| Mar 2023 | 41.88% |
| June 2023 | 41.88% |
| Sept 2023 | 41.88% |
| FII Holding | |
| Sept 2022 | 11.77% |
| Dec 2022 | 42.49% |
| Mar 2023 | 38.63% |
| June 2023 | 38.82% |
| Sept 2023 | 40.22% |
| DII Holding | |
| Sept 2022 | 8.99% |
| Dec 2022 | 8.93% |
| Mar 2023 | 8.93% |
| June 2023 | 8.62% |
| Sept 2023 | 7.64% |
| Public Holding | |
| Sept 2022 | 40.91% |
| Dec 2022 | 10.25% |
| Mar 2023 | 10.12% |
| June 2023 | 10.26% |
| Sept 2023 | 9.85% |
| Others Holding | |
| Sept 2022 | 0.45% |
| Dec 2022 | 0.44% |
| Mar 2023 | 0.43% |
| June 2023 | 0.42% |
| Sept 2023 | 0.41% |
Aster DM Healthcare Share: Last 5 Years’ Financial Condition
To gain a better understanding of how the market is performing, let’s look at the outlook of this share in the previous years.
However, investors should be aware of the risks and the market conditions before making any investment decision.
Last 5 Years’ Sales:
| 2019 | ₹7,963 Cr |
| 2020 | ₹8,652 Cr |
| 2021 | ₹8,608 Cr |
| 2022 | ₹10,253 Cr |
| 2023 | ₹12,986 Cr |
Last 5 Years’ Net Profit:
| 2019 | ₹367 Cr |
| 2020 | ₹315 Cr |
| 2021 | ₹178 Cr |
| 2022 | ₹601 Cr |
| 2023 | ₹346 Cr |
Last 5 Years’ Debt-To-Equity Ratio:
| 2019 | 0.92 |
| 2020 | 0.86 |
| 2021 | 0.57 |
| 2022 | 0.55 |
| 2023 | 0.56 |
Last 10 Years’ Profit Growth:
| 10 Years: | 16% |
| 5 Years: | 22% |
| 3 Years: | -1% |
| Current Year: | -34% |
Last 10 years’ Return on Equity (ROE):
| 10 Years: | 10% |
| 5 Years: | 12% |
| 3 Years: | 10% |
| Last Year: | 11% |
Last 10 Years’ Sales Growth:
| 10 Years: | 20% |
| 5 Years: | 12% |
| 3 Years: | 11% |
| Current Year: | 20% |
Conclusion
This article is a complete guide about Aster DM Healthcare Share.
These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses.
Also, We have talked in detail about the share’s future prospects and growth potential.
Hopefully, these informations will help you in your further investment.
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