Rays of Belief Ltd
Incorporated in 2017, Rays of Belief Ltd.
is a for-profit social enterprise providing personalised intervention plans for children
with Neurodevelopmental Disorders (NDDs).[1]
- Market Cap ₹ 481 Cr.
- Current Price ₹ 230
- High / Low ₹ 239 / 217
- Stock P/E 96.9
- Book Value ₹
- Dividend Yield 0.00 %
- ROCE %
- ROE 16.1 %
- Face Value ₹ 10.0
Pros
Cons
* 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
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
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Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2026 | |
|---|---|
| 81.66 | |
| 69.30 | |
| Operating Profit | 12.36 |
| OPM % | 15.14% |
| 0.40 | |
| Interest | 1.54 |
| Depreciation | 4.31 |
| Profit before tax | 6.91 |
| Tax % | 28.08% |
| 4.96 | |
| EPS in Rs | 3.18 |
| Dividend Payout % | 0.00% |
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| Last Year: | 16% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2026 | |
|---|---|
| Equity Capital | 15.59 |
| Reserves | 15.22 |
| 9.33 | |
| 10.73 | |
| Total Liabilities | 50.87 |
| 12.23 | |
| CWIP | 0.00 |
| Investments | 0.00 |
| 38.64 | |
| Total Assets | 50.87 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2026 | |
|---|---|
| -1.94 | |
| -6.18 | |
| 6.04 | |
| Net Cash Flow | -2.09 |
| Free Cash Flow | -2.77 |
| CFO/OP | -15% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2026 | |
|---|---|
| Debtor Days | 80.86 |
| Inventory Days | |
| Days Payable | |
| Cash Conversion Cycle | 80.86 |
| Working Capital Days | 57.66 |
| ROCE % |
Business Overview:[1]
Rays of Belief Limited is focused on providing personalised intervention plans for children with Neurodevelopmental Disorders (NDDs). Its target conditions include Autism Spectrum Disorder (ASD), ADHD, Down Syndrome (DS), Cerebral Palsy (CP), Intellectual Disability (ID), Learning Disabilities (LD) and Global Developmental Delay (GDD). The company operates under the Mom’s Belief brand.
The Co. has a network of 136 centres across 57 cities and 20 states/UTs as of March 2026. The network is skewed towards Tier-2 cities, with 77 Tier-2 centres, 42 Tier-1 centres and 17 Tier-3 centres, giving the company a presence in relatively underserved markets.[2]