This small-cap healthcare stock is one of the leaders in the diagnostic space

Shares of the company surged more than 5 per cent today.

Shares of Vijaya Diagnostic Centre Ltd surged 5.6 per cent and closed at Rs 462.1. The stock opened at Rs 438.1 and made an intraday high and low of Rs 483.85 and Rs 437.75, respectively.   

Vijaya Diagnostics Centre Limited is among the leading provider of diagnostic medicare services in the southern part of India. It has a stronghold in Telangana and Andhra Pradesh states. According to the June quarterly ending data, the company has a presence in 17 cities and 100 operational centres. 

The company’s offerings include health check-ups, radiology, laboratory, nuclear medicine, and medical services. The company's vision is to provide its customers with dependable and accurate diagnostic services at reasonable prices in a customer-centric manner. 

As per the FY22 period ending, the company's ROE and ROCE are 26.4 per cent and 28.3 per cent, respectively. For Q1FY23, the company reported a revenue of Rs 104.36 crore. For the same quarter, the company generated a net profit margin of Rs 17.45 crore. 

About the shareholding pattern, about 55.01 per cent of the stake is owned by the promoters, 23.89 per cent by FIIs, 15.77 per cent by DIIs, and the rest 5.33 per cent by non-institutional investors.    

The company has a market capitalisation of Rs 4716 crore and is trading at a PE multiple of 48.01x. The scrip has a 52-week high and low of Rs 672 and Rs 292, respectively.