Krsnaa Diagnostics Ltd

Krsnaa Diagnostics Ltd

₹ 589 0.81%
19 Apr - close price
About

Krsnaa Diagnostics Ltd provides a range of technology-enabled diagnostic services such as imaging, clinical laboratory, and teleradiology services to hospitals, medical colleges, and community health centers across India with an extensive network across non-metro and lower-tier cities and towns.[1]

Key Points

Fastest-growing Diagnostic Center
Krsnaa is one of the fastest-growing diagnostic service providers in the country. [1] Krsnaa has expanded its geographical presence from 50+ centers in FY17 to over 2,000+ centers in FY22. [2] The co. has an extensive network of integrated diagnostic centers across India primarily in non-metro and lower-tier cities and towns. As of FY22, the company-operated diagnostic centers offering radiology and pathology services in 14+ states across India. [3]

  • Market Cap 1,902 Cr.
  • Current Price 589
  • High / Low 789 / 449
  • Stock P/E 36.6
  • Book Value 236
  • Dividend Yield 0.47 %
  • ROCE 11.9 %
  • ROE 8.87 %
  • Face Value 5.00

Pros

  • Company has delivered good profit growth of 25.0% CAGR over last 5 years

Cons

  • Promoter holding is low: 27.0%

* 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

Standalone Figures in Rs. Crores / View Consolidated

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
98 96 132 108 106 108 112 121 116 116 132 147 152
79 63 91 76 75 78 81 87 82 91 100 116 117
Operating Profit 19 33 42 32 31 30 31 34 34 25 32 31 35
OPM % 19% 35% 31% 29% 29% 28% 28% 28% 29% 22% 24% 21% 23%
3 3 3 3 4 4 5 4 5 6 4 4 4
Interest 6 7 6 8 2 2 1 2 2 2 2 3 4
Depreciation 10 10 10 10 11 10 12 13 14 15 16 18 18
Profit before tax 6 20 29 17 22 22 22 24 22 14 19 14 17
Tax % 29% 155% 25% 25% 23% 12% 24% 24% 24% 17% 18% 20% 20%
4 -11 22 13 17 19 17 18 17 12 15 11 14
EPS in Rs 7.73 -16.94 16.64 3.99 5.49 6.16 5.35 5.72 5.37 3.76 4.86 3.60 4.21
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
36 57 108 147 258 396 455 464 547
35 42 169 87 373 302 320 340 423
Operating Profit 0 15 -62 60 -114 94 135 124 123
OPM % 1% 26% -57% 41% -44% 24% 30% 27% 23%
3 4 3 2 13 265 15 19 18
Interest 6 6 8 16 25 26 18 8 11
Depreciation 5 10 18 26 32 37 41 54 66
Profit before tax -7 2 -84 21 -158 295 90 82 64
Tax % -6% 8% 29% 40% 29% 37% 21% 23%
-8 2 -60 12 -112 185 71 64 52
EPS in Rs -15.05 4.01 -116.54 24.15 -216.83 284.73 22.52 20.23 16.43
Dividend Payout % 0% 0% 0% 0% 0% 0% 11% 14%
Compounded Sales Growth
10 Years: %
5 Years: 34%
3 Years: 22%
TTM: 20%
Compounded Profit Growth
10 Years: %
5 Years: 25%
3 Years: 37%
TTM: -27%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: 10%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: 9%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2016 Mar 2017 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 5 5 5 5 6 16 16 16
Reserves 4 6 43 -217 -17 671 727 745
Preference Capital 50 65 141 15 242 0 0
81 37 189 231 232 41 32 109
74 128 256 611 388 149 134 206
Total Liabilities 163 176 493 630 609 877 909 1,075
59 116 223 275 309 386 471 559
CWIP 20 6 42 9 4 28 25 28
Investments 0 0 0 0 0 0 0 0
85 53 228 345 297 463 413 488
Total Assets 163 176 493 630 609 877 909 1,075

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
59 61 38 119 129 75
-53 -201 -77 -67 -241 -109
-37 145 6 20 176 -33
Net Cash Flow -31 4 -33 71 64 -66

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 87 91 140 87 69 48 59
Inventory Days 21 24 89
Days Payable 76 99 878
Cash Conversion Cycle 32 15 -650 87 69 48 59
Working Capital Days 57 -43 -100 -3 -23 -14 25
ROCE % 7% -65% 129% 18% 12%

Shareholding Pattern

Numbers in percentages

1 Recently
Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
27.38% 27.38% 27.38% 27.38% 27.79% 27.79% 27.79% 27.79% 27.79% 27.03% 27.03%
6.00% 4.44% 4.49% 4.27% 4.06% 4.14% 3.39% 5.69% 3.68% 3.44% 3.34%
30.16% 30.14% 28.64% 27.36% 20.43% 19.41% 18.49% 19.77% 18.73% 16.59% 15.37%
36.45% 38.04% 39.49% 40.98% 47.71% 48.65% 50.33% 46.74% 49.79% 52.94% 54.27%
No. of Shareholders 75,55475,06571,44570,26870,03368,68867,11662,25760,66557,23256,458

* 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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