Chennai Meenakshi Multispeciality Hospital Ltd

Chennai Meenakshi Multispeciality Hospital Ltd

₹ 38.2 3.66%
23 Apr - close price
About

Established in 1979, Chennai Meenakshi Multispecialty Hospital Ltd. (Formerly known as Devaki Hospital Limited) is a 100-bedded hospital which is engaged in Health Care Services & Pharmacy.

Key Points

Departments:[1]
a) Cardiology Department:
Company provides facilities for non-invasive evaluation of cardiac patients through ECG machine, Echocardiography machine and Treadmill machine.
b) Casualty Department:
This department is for Emergencies and trauma of all kinds
c) Diagnostic Services:
Services like Laboratories, C.T.SCAN and X-Ray machine, Ultrasonogram/ Echocardiography
d) Intensive Care Unit:
There is a well equipped 12-bedded IMCU / ICCU which is manned 24 hours for handling all forms of medical and cardiac emergencies.
e) Nephrology Department:
There is a separate department for Kidney related diseases
f) Physiotherapy Department

  • Market Cap 28.5 Cr.
  • Current Price 38.2
  • High / Low 54.6 / 18.5
  • Stock P/E 106
  • Book Value 0.24
  • Dividend Yield 0.00 %
  • ROCE 21.4 %
  • ROE %
  • Face Value 10.0

Pros

Cons

  • Stock is trading at 159 times its book value
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 3.93% over past five years.

* 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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Quarterly Results

Figures in Rs. Crores

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
5.76 5.86 11.45 6.05 6.99 6.93 6.37 7.10 7.63 7.47 6.55 7.10 7.71
5.19 5.46 6.85 5.55 6.37 6.88 5.87 6.44 6.84 6.43 6.14 6.55 7.44
Operating Profit 0.57 0.40 4.60 0.50 0.62 0.05 0.50 0.66 0.79 1.04 0.41 0.55 0.27
OPM % 9.90% 6.83% 40.17% 8.26% 8.87% 0.72% 7.85% 9.30% 10.35% 13.92% 6.26% 7.75% 3.50%
0.07 0.16 0.07 0.14 0.09 0.06 0.06 0.08 0.10 0.11 0.10 0.04 0.15
Interest 0.30 0.24 0.28 0.24 0.23 0.23 0.22 0.22 0.22 0.22 0.23 0.23 0.23
Depreciation 0.31 0.33 0.28 0.29 0.30 0.31 0.31 0.29 0.29 0.29 0.27 0.30 0.30
Profit before tax 0.03 -0.01 4.11 0.11 0.18 -0.43 0.03 0.23 0.38 0.64 0.01 0.06 -0.11
Tax % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 60.94% 0.00% 33.33% 63.64%
0.03 -0.01 4.12 0.11 0.18 -0.43 0.04 0.23 0.38 0.25 0.02 0.04 -0.04
EPS in Rs 0.04 -0.01 5.52 0.15 0.24 -0.58 0.05 0.31 0.51 0.33 0.03 0.05 -0.05
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
14.79 15.99 17.59 18.71 20.36 18.79 23.11 22.00 25.33 19.15 30.86 28.02 28.83
12.51 13.20 15.21 16.57 17.34 17.49 19.30 19.89 22.88 18.51 25.12 24.99 26.56
Operating Profit 2.28 2.79 2.38 2.14 3.02 1.30 3.81 2.11 2.45 0.64 5.74 3.03 2.27
OPM % 15.42% 17.45% 13.53% 11.44% 14.83% 6.92% 16.49% 9.59% 9.67% 3.34% 18.60% 10.81% 7.87%
0.04 0.13 0.30 -0.54 0.14 0.13 0.22 0.50 0.73 0.52 0.39 0.32 0.40
Interest 1.58 1.53 1.39 1.38 1.34 1.36 1.39 1.36 1.39 1.14 0.98 0.89 0.91
Depreciation 0.67 0.71 0.81 1.19 1.16 1.12 1.15 1.20 1.24 1.27 1.17 1.18 1.16
Profit before tax 0.07 0.68 0.48 -0.97 0.66 -1.05 1.49 0.05 0.55 -1.25 3.98 1.28 0.60
Tax % 0.00% 0.00% 8.33% 0.00% 0.00% -0.95% 0.00% 0.00% 0.00% 0.00% 0.00% 30.47%
0.07 0.69 0.45 -0.97 0.65 -1.06 1.50 0.05 0.55 -1.25 3.98 0.89 0.27
EPS in Rs 0.09 0.92 0.60 -1.30 0.87 -1.42 2.01 0.07 0.74 -1.67 5.33 1.19 0.36
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: 6%
5 Years: 4%
3 Years: 3%
TTM: 3%
Compounded Profit Growth
10 Years: 3%
5 Years: -10%
3 Years: 18%
TTM: 23%
Stock Price CAGR
10 Years: 21%
5 Years: 26%
3 Years: 62%
1 Year: 84%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: %

Balance Sheet

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 7.47 7.47 7.47 7.47 7.47 7.47 7.47 7.47 7.47 7.47 7.47 7.47 7.47
Reserves -13.10 -12.42 -11.97 -12.94 -12.29 -13.21 -11.64 -11.60 -11.03 -12.24 -8.25 -7.35 -7.29
14.46 13.25 12.74 12.13 12.20 12.24 12.26 12.21 11.48 11.48 10.63 10.63 10.63
6.45 8.99 10.98 12.05 11.09 11.84 11.26 11.11 11.53 12.49 11.54 11.74 11.73
Total Liabilities 15.28 17.29 19.22 18.71 18.47 18.34 19.35 19.19 19.45 19.20 21.39 22.49 22.54
12.39 13.83 15.11 15.27 14.51 14.01 14.53 14.07 13.86 12.87 14.08 13.94 0.00
CWIP 0.29 0.16 0.47 0.01 0.07 0.02 0.02 0.12 0.12 0.12 0.00 0.00 13.67
Investments 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
2.60 3.30 3.64 3.43 3.89 4.31 4.80 5.00 5.47 6.21 7.31 8.55 8.87
Total Assets 15.28 17.29 19.22 18.71 18.47 18.34 19.35 19.19 19.45 19.20 21.39 22.49 22.54

Cash Flows

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
1.76 5.12 4.32 4.00 1.74 2.61 2.20 2.31 2.99 3.30 3.97 2.95
-0.69 -2.27 -2.30 -1.78 -0.23 -0.47 -1.61 -0.81 -0.95 -0.14 -2.21 -0.91
-1.03 -2.74 -1.91 -2.00 -1.41 -1.32 -1.37 -1.41 -2.12 -0.98 -1.62 -0.75
Net Cash Flow 0.04 0.11 0.11 0.22 0.10 0.82 -0.77 0.10 -0.08 2.18 0.14 1.29

Ratios

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 10.37 9.82 11.83 10.53 9.68 11.27 12.16 13.77 15.27 15.06 10.88 15.37
Inventory Days 37.69 42.30 36.25 32.03 46.85 46.28 50.71 40.84 39.46 45.33 20.98 22.71
Days Payable 158.70 126.91 112.88 108.01 80.41 87.33 88.28 80.39 66.15 117.24 105.93 109.87
Cash Conversion Cycle -110.64 -74.79 -64.80 -65.45 -23.88 -29.79 -25.40 -25.78 -11.42 -56.85 -74.08 -71.79
Working Capital Days -105.63 -140.61 -157.70 -173.04 -130.69 -164.14 -111.51 -113.48 -95.83 -170.78 -81.73 -91.71
ROCE % 19.35% 25.80% 22.61% 14.36% 28.49% 4.47% 39.48% 17.44% 24.25% -1.50% 59.90% 21.36%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
55.78% 55.78% 55.78% 55.78% 55.78% 55.78% 55.78% 55.78% 55.78% 55.78% 55.78% 55.78%
0.15% 0.15% 0.15% 0.15% 0.14% 0.14% 0.14% 0.14% 0.14% 0.14% 0.14% 0.14%
44.08% 44.08% 44.08% 44.08% 44.08% 44.08% 44.07% 44.09% 44.07% 44.08% 44.08% 44.09%
No. of Shareholders 7,7647,8878,0098,1328,1818,1368,1218,1128,0878,1878,5548,556

* 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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