IPO Review - Global Health Ltd. Vs Bikaji Foods International Ltd. | CA Rachana Ranade

"The very first one Indian Savory snacks now this entire industry is valued at 751 billion rupees in 2022 and it is expected to grow at a CAGR of 13%,"

"If I go on to the Sweets industry it is it is valued at 535 billion rupees of market value but out of which 90 percent belongs to the unorganized sector but I believe that after covid-19 pandemic the importance of organized sector in this space is also increasing slowly and steadily"

"Indian proper Market is valued at 78 billion rupees out of which organized segment is valued at 26 billion rupees is estimated to grow at a CAGR of 10 percent by 2026."

"the revenue of the company grew at a CAGR of almost 22 percent from Financial year 2020 to 2022"

"the revenue or the top line of the company grew at a CAGR of almost 20 percent from financial year 2020 to financial year 2022"

"but PAT or the bottom line grew at 132 percentage, now what could be the reason for this extraordinary growth in profit? There could be two possibilities, possibility number one they are able to control their expenses or possibility number two like I said in the beginning because they have a good pricing power"

"here you can see that overall if I'm talking about bed density across countries this is about per 10,000 people how many hospital beds we have India only at 15 and when you can see all other major countries like USA or UK or even China, Russia they have a lot more than as compared to us so again same thing lot of headroom left for us to grow."

"If I am talking about Physicians per 10,000 population or be it nurses for 10,000 population again India is just at 7 and 18 as compared to someone like Us at 26 and 157."

"India is only spending three percent as a percentage of GDP on the health care expenditure and if you are talking about someone again like USA, USA is at 16.8 percent other forget USA what is the global average global average is also at 9.8 percent and India is only at three percent"

"the NCDs or the non-communicable diseases, the percentage of such type of diseases is increasing at a rapid rate the total contribution of NCDs to the disease profile Rose from 30 percent in 1990 to 55 percent in 2016. ... 62 percent of the deaths were because of NCDs or the non-communicable diseases,"

"average PE comes out to 51.93 but Global Health P comes to 43.24, if I were to directly jump to the Price to NAV ratio, you can see that the average of all these peers is 7.46 but for Global Health it is at 5.26 even if I'm talking about Market Capital Revenue it's at 5.50 the average of pairs and for Global Health it's coming to 4.09 and finally EV/EBITDA is at 25.54 versus EV by EBITDA for Global at 20.11"

"analysts believe that the hospitals are structurally well placed and the momentum is expected to continue in the QY FY 23 as well, in fact they have also mentioned that overall one important lever for all these things can be about because of the incremental elective surgeries due to pent-up demand post Covid and post Covid complications"

"the attrition rates for doctors is almost 31.43 percent in financial year 2022, for nurses it is 50.74 in financial year 2022 and others if I am talking about other health care professionals it's 18.62 percent in 2022, so if I'm talking about doctors see doctors are going to be the main Personnel for any hospital and if the attrition rate is almost 30 percent it's as good as one out of three doctors is leaving your hospital in one year"

"for nurses it is 50.74 in financial year 2022"