Kovai Medical Center & Hospital Ltd

₹ 4,152 -0.85%

25 Apr - close price

About

Kovai Medical Center & Hospital Ltd is a Coimbatore-based company which is in the business of advanced healthcare services. It also forayed into education services in 2019 with the commencement of its new Medical College in Coimbatore.^[1]

Key Points

Hospital Portfolio
The company operates peripheral centers in Coimbatore, Sulur, Coimbatore (city center), Erode, and Kovilpalayam, along with hospitals having a combined capacity of approximately 2250 beds. ^[1]

Website BSE

Market Cap ₹ 4,542 Cr.
Current Price ₹ 4,152
High / Low ₹ 4,235 / 1,903
Stock P/E 78.4
Book Value ₹ 264
Dividend Yield 0.12 %
ROCE 24.1 %
ROE 22.2 %
Face Value ₹ 10.0

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Pros

Company has a good return on equity (ROE) track record: 3 Years ROE 25.5%
Company's median sales growth is 17.9% of last 10 years

Cons

Stock is trading at 15.7 times its book value
Company might be capitalizing the interest cost

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Healthcare Industry: Healthcare

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Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone




Operating Profit
OPM %

Interest
Depreciation
Profit before tax
Tax %

EPS in Rs
Raw PDF

Upcoming result date: 29 May 2024

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2008	Mar 2009	Mar 2010	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018
	88	110	130	175	222	297	334	402	465	531	592
	73	91	104	138	178	226	261	307	373	406	463
Operating Profit	15	19	26	37	44	71	73	95	92	125	129
OPM %	17%	17%	20%	21%	20%	24%	22%	24%	20%	24%	22%
	1	1	2	1	1	3	5	7	8	6	8
Interest	3	4	5	11	17	27	24	20	17	15	13
Depreciation	5	4	5	7	13	16	16	22	21	24	34
Profit before tax	7	11	17	20	16	31	37	59	62	92	89
Tax %	41%	35%	33%	38%	26%	33%	36%	35%	35%	35%	35%
	4	7	12	12	12	20	24	39	41	60	58
EPS in Rs	3.85	6.53	10.60	11.06	10.91	18.67	21.72	35.21	37.12	54.89	52.99
Dividend Payout %	32%	19%	12%	11%	11%	8%	7%	4%	7%	5%	6%

Compounded Sales Growth
10 Years:	21%
5 Years:	15%
3 Years:	14%
TTM:	12%

Compounded Profit Growth
10 Years:	30%
5 Years:	23%
3 Years:	15%
TTM:	-3%

Stock Price CAGR
10 Years:	39%
5 Years:	41%
3 Years:	50%
1 Year:	113%

Return on Equity
10 Years:	27%
5 Years:	27%
3 Years:	26%
Last Year:	22%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2008	Mar 2009	Mar 2010	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018
Equity Capital	11	11	11	11	11	11	11	11	11	11	11
Reserves	13	19	29	40	50	68	90	126	163	223	278
	38	70	108	192	228	209	184	163	158	125	202
	31	25	25	41	50	55	65	85	96	103	116
Total Liabilities	93	126	173	283	338	344	350	384	428	462	606
	62	69	106	193	295	285	282	285	342	358	444
CWIP	6	20	42	38	0	5	5	17	10	6	13
Investments	0	0	0	0	0	0	0	0	0	0	0
	25	36	25	53	43	54	62	83	76	99	149
Total Assets	93	126	173	283	338	344	350	384	428	462	606

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2009	Mar 2010	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018
	15	24	42	56	61	68	97	86	99	87
	-23	-64	-97	-77	-9	-12	-80	-115	-83	-191
	27	31	71	17	-48	-52	-43	-24	-50	60
Net Cash Flow	18	-9	16	-3	5	4	-26	-53	-34	-45

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2008	Mar 2009	Mar 2010	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018
Debtor Days	14	11	12	14	5	5	8	9	7	8	9
Inventory Days	50	39	43	37	36	35	33	25	22	20	23
Days Payable	72	31	24	25	32	29	35	53	47	37	43
Cash Conversion Cycle	-8	19	32	25	9	11	6	-19	-19	-9	-11
Working Capital Days	-12	-11	-15	-51	-60	-49	-43	-56	-52	-47	-47
ROCE %		19%	18%	16%	12%	20%	21%	27%	25%	31%	24%

Shareholding Pattern

Numbers in percentages

3 Recently

	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
	55.76%	55.74%	55.74%	55.71%	55.76%	55.76%	55.76%	55.98%	56.26%	56.43%	56.44%	56.47%
	2.08%	2.08%	2.09%	2.13%	2.12%	2.14%	2.15%	2.18%	2.20%	2.25%	2.24%	0.34%
	1.43%	1.72%	1.77%	1.95%	1.95%	1.92%	1.97%	2.07%	2.19%	2.09%	2.09%	4.18%
	40.73%	40.46%	40.40%	40.21%	40.17%	40.19%	40.12%	39.79%	39.34%	39.24%	39.24%	39.02%
No. of Shareholders	10,076	9,951	9,517	9,688	9,559	9,544	9,464	9,674	10,487	10,730	10,338	11,918

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	49.78%	51.04%	50.65%	50.80%	55.76%	55.71%	55.98%	56.47%
	0.00%	2.73%	4.07%	3.05%	2.57%	2.13%	2.18%	0.34%
	0.75%	1.58%	1.58%	1.01%	0.98%	1.95%	2.07%	4.18%
	49.47%	44.65%	43.70%	45.14%	40.69%	40.21%	39.79%	39.02%
No. of Shareholders	7,612	7,405	6,598	7,261	7,771	9,688	9,674	11,918

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Kovai Medical Center & Hospital Ltd

Kovai Medical Center & Hospital Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

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