Kovai Medical Center & Hospital Ltd.

NSE: KOVAI BSE: 523323 SECTOR: Hospital & Healthcare Services  9103   54   4

1655.05
-0.65 (-0.04%)
NSE: Today, 03:51 PM

Price Summary

Today's High

₹ 1668.3

Today's Low

₹ 1639.95

52 Week High

₹ 1889

52 Week Low

₹ 1410.95

FinStar

Ownership Below Par
Stock price may face volatility due to ownership structure.
ValuationFair
The stock’s market price justifies its intrinsic value.
EfficiencyOptimal
The company could improve upon its asset employment.
FinancialsAverage
The company could improve upon its asset employment.
*It is just an analytical rating of the company and not an investment advice.

Company Essentials

Market Cap

1811 Cr.

Enterprise Value

2238.85 Cr.

No. of Shares

1.09 Cr.

P/E

16.93

P/B

3.2

Face Value

₹ 10

Div. Yield

0.18 %

Book Value (TTM)

₹  517.69

CASH

154.86 Cr.

DEBT

582.72 Cr.

Promoter Holding

55.74 %

EPS (TTM)

₹  97.77

Sales Growth

-3%

ROE

16.51 %

ROCE

13.67%

Profit Growth

-17.87 %

* Total debt includes long term borrowing, short term borrowing plus current maturities of long-term borrowing
* Ratios are based on latest Audited Financial Result.

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Price Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

 

Volume Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

* Prices are based on daily market changes.
* The chart is based on the standalone earnings of the company. * Negative values and values more than 1000x in PE chart is considered 0.

Peer Comparison

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* The Peers list includes companies operating in the same industry and having comparable market cap.

 Group Companies

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Ratios

Sales Growth

1 Year-3%
3 Year5.24%
5 Year8.21%

Profit Growth

1 Year-17.87%
3 Year10.25%
5 Year13.95%

ROE%

1 Year16.51%
3 Year19.98%
5 Year22.24%

ROCE %

1 Year13.67%
3 Year15.66%
5 Year20.36%

Debt/Equity

1.1426

Price to Cash Flow

9.72

Interest Cover Ratio

4.16029493958043

CFO/PAT (5 Yr. Avg.)

1.85539154615701

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Sep 2021 55.74 0
Jun 2021 55.76 0
Mar 2021 55.76 0
Dec 2020 50.8 0
Sep 2020 50.8 0
Investors List
* Figures given above are % of equity capital

 Strengths

  • The Company has been maintaining an effective average operating margins of 23.8041073700673% in the last 5 years.
  • The company has an efficient Cash Conversion Cycle of -6.66494509587189 days.
  • The company has a good cash flow management; CFO/PAT stands at 1.85539154615701.
  • The company has a high promoter holding of 55.74%.

 Limitations

  • The company has shown a poor revenue growth of 5.23546789860985% for the Past 3 years.

Quarterly Result (All Figures in Cr.)

PARTICULARS Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021
Net Sales 183.56 178.92 198.91 238.67 218
Total Expenditure 122.73 126.86 141.1 163.67 154.04
Operating Profit 60.84 52.06 57.82 75.01 63.96
Other Income 2.17 2.02 4.87 2.15 2.35
Interest 7.94 7.55 9 11.35 10.78
Depreciation 16.95 17.1 17.58 18.68 23.49
Exceptional Items 0 0 0 0 0
Profit Before Tax 38.11 29.42 36.1 47.13 32.03
Tax 9.57 8.67 9.25 11.91 7.88
Profit After Tax 28.53 20.75 26.86 35.22 24.15
Adjusted EPS (Rs) 26.08 18.97 24.54 32.19 22.07

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Net Sales 531.07 592.37 628.39 711.73 690.36
Total Expenditure 406.38 463.56 493.52 540.66 495
Operating Profit 124.69 128.81 134.87 171.07 195.37
Other Income 6.18 7.63 8.24 10.59 11.85
Interest 14.72 12.86 14.73 17.63 33.46
Depreciation 23.81 34.16 35.53 52.12 68.03
Exceptional Items 0 0 0 0 0
Profit Before Tax 92.34 89.42 92.84 111.91 105.74
Tax 32.36 31.44 32.7 17.33 28.05
Net Profit 59.97 57.98 60.14 94.59 77.69
Adjusted EPS (Rs.) 54.81 52.98 54.96 86.44 71

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Equity and Liabilities
Share Capital 10.94 10.94 10.94 10.94 10.94
Total Reserves 224.4 279.05 332.3 420.09 499.06
Borrowings 85.72 164.56 335.96 504.64 550.72
Other N/C liabilities 46.4 47.39 49.22 66.88 81.86
Current liabilities 96.44 105.59 121.19 104.66 138.23
Total Liabilities 463.91 607.54 849.62 1107.21 1280.81
Assets
Net Block 354.04 440.04 469.3 642.77 1033.01
Capital WIP 5.65 12.88 227.3 299.6 45.27
Intangible WIP 0 0 0 0 0
Investments 3.89 3.8 0.24 0.12 0.16
Loans & Advances 8.67 30.02 21.81 21.19 10.42
Other N/C Assets 0 0 1.72 3.23 3.65
Current Assets 91.66 120.8 129.24 140.31 188.3
Total Assets 463.91 607.54 849.62 1107.21 1280.81
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Profit from operations 92.34 89.42 92.84 111.91 105.74
Adjustment 33.77 41.18 47.66 67.71 98.08
Changes in Assets & Liabilities -2.05 -11.33 16.76 2.72 4.48
Tax Paid -25.27 -32.38 -31.21 -30.39 -21.92
Operating Cash Flow 98.79 86.89 126.05 151.96 186.38
Investing Cash Flow -82.65 -191.34 -351.8 -334.55 -328.68
Financing Cash Flow -49.58 59.97 160.07 112.78 38.03
Net Cash Flow -33.44 -44.48 -65.68 -69.81 -104.27

Corporate Actions

Investors Details

PARTICULARS Sep 2020% Dec 2020% Mar 2021% Jun 2021% Sep 2021%
Promoters 50.80 50.80 55.76 55.76 55.74
kovai purani finan... 36.63 36.62 36.61 36.61 36.61
thavamani devi pal... 11.29 11.29 10.02 11.28 11.28
balasundaram. s 0.79 0.79 0.79 0.79 0.79
vani v thirumoorthi 0.65 0.65 - 0.65 0.65
vani thirumoorthi - - 0.65 - -
k s k murugaiyan 0.64 0.64 0.64 0.64 0.64
p r perumalswami - - 0.41 0.41 -
palaniswami n 0.09 0.09 0.09 0.09 0.09
purani p palaniswa... 0.09 0.09 0.09 0.09 0.09
kaliannagounder su... 0.09 0.09 0.09 0.09 0.09
dr. arun n palanis... 0.09 0.09 0.09 0.09 0.09
dr. mohan s palani... 0.09 0.09 0.09 0.09 0.09
mallika murugaiyan 0.09 0.09 0.09 0.09 0.09
thirumoorthi m c 0.05 0.05 - 0.05 0.05
m c thirumoorthi - - 0.05 - -
nanjappa c sadasiv... 0.04 0.04 0.04 0.04 0.04
PARTICULARS Sep 2020% Dec 2020% Mar 2021% Jun 2021% Sep 2021%
Investors 49.20 49.20 44.24 44.24 44.26
pavai property dev... 4.75 4.75 4.75 4.75 4.75
auburn limited 2.44 1.80 - 1.06 1.80
sakthi sugars ltd - - 1.83 - -
iepf - 1.28 - 0.35 1.28
sundaram alternati... 1.18 1.18 - 1.18 1.18
sundaram alternati... - - 1.18 - -

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Ratings & Research Reports

Company Presentations

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Kovai Medical Center Stock Price Analysis and Quick Research Report. Is Kovai Medical Center an attractive stock to invest in?

 

The Indian healthcare sector is expected to reach US$ 372 billion by 2022, driven by rising incomes, greater health awareness, lifestyle diseases and increasing access to insurance. Healthcare has become one of India’s largest sectors - both in terms of revenue and employment.

Healthcare comprises hospitals, medical devices, clinical trials, outsourcing, telemedicine, medical tourism, health insurance, and medical equipment. The structure of the healthcare delivery system in India consists of three broad segments: Primary care, Secondary care, and Tertiary care.

  • Primary care is the first point of contact between the population and the healthcare service providers. For example, Sub-center (SC), Primary Health Centre (PHC) and Community Health Centre (CHC) which is more relevant to rural areas (PHC’s).
  • Secondary care providers inpatient as well as outpatient medical services and includes simple surgical procedures. For example, District level & Mid-sized hospitals.
  • Tertiary care is the third level of the healthcare delivery system in the country. These hospitals are specialized consultative healthcare infrastructure. For example, Single specialty and Multi-specialty hospitals.

While healthcare services are offered by the public as well as private sectors, in urban as well as rural areas, generally people prefer private hospitals over public hospitals for treatment of diseases, illness, and sickness. So, let’s look into Kovai Medical Center and its performance over the period of time.

  • Operating cash flow ratio: It measures the adequacy of a company’s cash generated from operating activities to pay off short-term financial obligations. Its cash from the operating activity was Rs 186.3776 Cr.
     
  • Financial Strength: Health care organizations usually have high debt loads and low equity capital in their balance sheet. So, Debt to Equity ratio is important to analyze the company’s sustainability. Kovai Medical Center has a Debt to Equity ratio of 1.1426 , which is a strong indication for the company.
     
  • EPS growth: Investors should ensure the EPS figure is growing faster than revenue numbers because it indicates company management is increasing the efficiency with which it runs the company. In Kovai Medical Center , the EPS growth was -17.8689271581431 % which is bad for the company.
     
  • Operating profit margin: It determines a company's potential earnings. It assesses how well-managed a company with respect to its basic overhead costs and other operating expenses, Kovai Medical Center has OPM of 28.2990020594998 % which is a good sign for profitability.
     
  • ROE: Kovai Medical Center have a average ROE of 16.5106239904072 %. ROE is an important financial parameter for hospitals & health care companies because they expand and grow rapidly. Therefore, ROE measures how efficiently a shareholder's fund is used for generating profits.
Brief about Kovai Medical Center

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