High ROE and High ROCE stock: This small-cap diagnostic service provider gets an order from Mira-Bhayandar Municipal Corporation!
In the financial year 2022-2023, the company reduced its debt to Rs 62.61 crore.
Krsnaa Diagnostics Ltd informed that Mira-Bhayandar Municipal Corporation, Thane, Maharashtra has awarded a tender to the company to provide diagnostics services (both radiology and pathology) to serve the patients falling under the jurisdiction of Mira-Bhayandar Municipal Corporation on Public Private Partnership (PPP) basis.
Today, shares of Krsnaa Diagnostics plummeted 0.44 per cent to Rs 494 per cent with an intraday high of Rs 503.35 and an intraday low of Rs 486.95.
Krsnaa Diagnostics Ltd offers a wide range of diagnostic services which are enabled by technology, including clinical laboratory services, imaging, and teleradiology services. Krsnaa Diagnostics Ltd has an extensive network, which covers both non-metro and lower-tier areas.
Talking about the financials, this BSE Small-Cap company has a market cap of Rs 1,552 crore. In its Quarterly Results (Q3) and annual results (FY22), the company reported positive numbers. In the financial year 2022-2023, the company reduced its debt to Rs 62.61 crore. The stock has an ROE of 21 per cent and a ROCE of 18.15 per cent.
Investors should keep this healthcare service provider stock on their radar.