Kovai Medical Center & Hospital Ltd.

NSE: KOVAI BSE: 523323 SECTOR: Hospital & Healthcare Services  14k   66   4

1862.40
+36.15 (1.98%)
NSE: 29 Mar 4:00 PM

Price Summary

Today's High

₹ 1894.65

Today's Low

₹ 1819

52 Week High

₹ 2091.95

52 Week Low

₹ 1299.45

FinStar

Ownership Stable
Ownership strength is slightly missing the benchmark.
ValuationExpensive
The stock is at a premium valuation at this point.
EfficiencyOptimal
The company could improve upon its asset employment.
FinancialsVery Stable
The company possesses stable growth history and manageable debt.
*It is just an analytical rating of the company and not an investment advice.

Company Essentials

Market Cap

2037.89 Cr.

Enterprise Value

2352.63 Cr.

No. of Shares

1.09 Cr.

P/E

19.59

P/B

2.96

Face Value

₹ 10

Div. Yield

0.32 %

Book Value (TTM)

₹  628.72

CASH

198.23 Cr.

DEBT

512.96 Cr.

Promoter Holding

55.76 %

EPS (TTM)

₹  95.08

Sales Growth

31.24%

ROE

18.63 %

ROCE

16.86%

Profit Growth

34.21 %

* 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 Year31.24%
3 Year12.97%
5 Year11.27%

Profit Growth

1 Year34.21%
3 Year20.13%
5 Year11.69%

ROE%

1 Year18.63%
3 Year19.86%
5 Year20.13%

ROCE %

1 Year16.86%
3 Year15.36%
5 Year17.56%

Debt/Equity

0.8419

Price to Cash Flow

7.76

Interest Cover Ratio

4.04670603955914

CFO/PAT (5 Yr. Avg.)

2.06043660611393

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Dec 2022 55.76 0
Sep 2022 55.76 0
Jun 2022 55.76 0
Mar 2022 55.71 0
Dec 2021 55.74 0
Investors List
* Figures given above are % of equity capital

 Strengths

  • The company has shown a good profit growth of 20.1284203463124% for the Past 3 years.
  • The Company has been maintaining an effective average operating margins of 24.8578271944479% in the last 5 years.
  • Company’s PEG ratio is 0.572621521184249.
  • The company has an efficient Cash Conversion Cycle of -9.8222652167659 days.
  • The company has a good cash flow management; CFO/PAT stands at 2.06043660611393.
  • The company has a high promoter holding of 55.76%.

 Limitations

  • The company has shown a poor revenue growth of 12.9706564523708% for the Past 3 years.

Quarterly Result (All Figures in Cr.)

PARTICULARS Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
Net Sales 228.57 220.59 236.2 252.47 264.43
Total Expenditure 164.79 165.99 174.27 184.09 192.97
Operating Profit 63.78 54.6 61.93 68.39 71.46
Other Income 4.33 3.17 3.6 3.1 3.7
Interest 10.63 10.47 10.07 10.02 10.11
Depreciation 21.96 21.29 22.99 22.15 22.31
Exceptional Items 0 0 0 0 0
Profit Before Tax 35.51 26.01 32.48 39.32 42.74
Tax 9.45 7.18 8.69 9.04 11.61
Profit After Tax 26.06 18.83 23.79 30.28 31.14
Adjusted EPS (Rs) 23.82 17.2 21.74 27.67 28.46

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

PARTICULARS Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Net Sales 592.37 628.39 711.73 690.36 906
Total Expenditure 463.56 493.52 540.66 495 645.54
Operating Profit 128.81 134.87 171.07 195.37 260.46
Other Income 7.63 8.24 10.59 11.85 11.83
Interest 12.86 14.73 17.63 33.46 46.17
Depreciation 34.16 35.53 52.12 68.03 85.43
Exceptional Items 0 0 0 0 0
Profit Before Tax 89.42 92.84 111.91 105.74 140.68
Tax 31.44 32.7 17.33 28.05 36.42
Net Profit 57.98 60.14 94.59 77.69 104.26
Adjusted EPS (Rs.) 52.98 54.96 86.44 71 95.28

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Equity and Liabilities
Share Capital 10.94 10.94 10.94 10.94 10.94
Total Reserves 279.05 332.3 420.09 499.06 598.37
Borrowings 164.56 335.96 504.64 550.72 483.37
Other N/C liabilities 47.39 49.22 66.88 81.86 86.96
Current liabilities 105.59 121.19 104.66 138.58 163.02
Total Liabilities 607.54 849.62 1107.21 1281.15 1342.66
Assets
Net Block 440.04 469.3 642.77 1033.01 1084.54
Capital WIP 12.88 227.3 299.6 45.27 5.46
Intangible WIP 0 0 0 0 0
Investments 3.8 0.24 0.12 0.16 0.2
Loans & Advances 30.02 21.81 21.19 10.42 12.37
Other N/C Assets 0 1.72 3.23 4.27 1.97
Current Assets 120.8 129.24 140.31 188.02 238.12
Total Assets 607.54 849.62 1107.21 1281.15 1342.66
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Profit from operations 89.42 92.84 111.91 105.74 140.68
Adjustment 41.18 47.66 67.71 98.08 129.58
Changes in Assets & Liabilities -11.33 16.76 2.72 3.85 30.86
Tax Paid -32.38 -31.21 -30.39 -21.92 -38.61
Operating Cash Flow 86.89 126.05 151.96 185.75 262.51
Investing Cash Flow -191.34 -351.8 -334.55 -328.14 -291.87
Financing Cash Flow 59.97 160.07 112.78 38.38 -119.77
Net Cash Flow -44.48 -65.68 -69.81 -104.01 -149.13

Corporate Actions

Investors Details

PARTICULARS Dec 2021% Mar 2022% Jun 2022% Sep 2022% Dec 2022%
Promoters 55.74 55.71 55.76 55.76 55.76
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
mohan s gounder - - - - -
kavetha sundaramoo... - - - - -
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
sadasivan n . - - - - -
PARTICULARS Dec 2021% Mar 2022% Jun 2022% Sep 2022% Dec 2022%
Investors 44.26 44.29 44.24 44.24 44.24
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 - -
vynatheya bidadi s... - - - - -

Annual Reports

Ratings & Research Reports

Company Presentations

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Company News

Kovai Medical Center And Hospital informs about loss of share certificate28 Feb 2023, 4:46PM Kovai Medical Center & Hospital informs about details of loss of certificate 20 Feb 2023, 4:53PM Kovai Medical Center - Quaterly Results10 Feb 2023, 6:13PM Kovai Medical Center - Quaterly Results10 Feb 2023, 6:13PM Kovai Medical Center & Hospital informs about details of loss of certificate2 Feb 2023, 5:04PM Kovai Medical Center And Hospital informs about certificate6 Jan 2023, 5:24PM Kovai Medical Center & Hospital informs about closure of trading window24 Dec 2022, 10:58AM Kovai Medical Center And Hospital informs about disclosure of related party transactions26 Nov 2022, 2:39PM Kovai Medical Center - Quaterly Results11 Nov 2022, 6:19PM Kovai Medical Center - Quaterly Results11 Nov 2022, 6:19PM Kovai Medical Center - Quaterly Results11 Aug 2022, 5:58PM Kovai Medical Center - Quaterly Results11 Aug 2022, 5:58PM Kovai Medical Center And Hospital informs about newspaper advertisement21 Jun 2022, 5:09PM Kovai Medical Center - Quaterly Results27 May 2022, 6:02PM Kovai Medical Center - Quaterly Results27 May 2022, 6:02PM Kovai Medical Center And Hospital informs about non applicability of large corporate framework19 Apr 2022, 4:59PM Kovai Medical Center & Hospital informs about disclosure7 Apr 2022, 2:39PM Kovai Medical Center And Hospital informs about issuance of duplicate share certificate5 Mar 2022, 3:30PM Kovai Medical Center - Quaterly Results11 Feb 2022, 6:41PM Kovai Medical Center - Quaterly Results11 Feb 2022, 6:41PM Kovai Medical Center - Quaterly Results25 Nov 2021, 6:06PM Kovai Medical Center - Quaterly Results25 Nov 2021, 6:06PM Kovai Medical Center And Hospital informs about loss of share certificate5 Oct 2021, 4:34PM Kovai Medical Center And Hospital informs about issuance of duplicate share certificate4 Aug 2021, 11:24AM Kovai Medical Center And Hospital informs about board meeting2 Aug 2021, 4:28PM Kovai Medical Center And Hospital informs about annual secretarial compliance report16 Jun 2021, 12:12PM Kovai Medical Center And Hospital informs about AGM11 Jun 2021, 3:17PM Kovai medical center & hospital informs about board meeting22 May 2021, 3:01PM Kovai Medical Center & Hospital informs about demises of director12 May 2021, 1:38PM Kovai Medical Center & Hospital informs about newspaper publication6 Nov 2020, 10:24AM

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 262.5063 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 0.8419 , 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 34.208787880922 % which is good 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 28.7479003784341 % which is a good sign for profitability.
     
  • ROE: Kovai Medical Center have a average ROE of 18.629487954692 %. 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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