Rainbow Children's Medicare Ltd
Rainbow Children's Medicare Limited operates a multi-specialty pediatric, obstetrics, and gynecology hospital chain in India. The company offers a wide range of services such as newborn and pediatric intensive care, pediatric multi-specialty services, pediatric quaternary care, obstetrics, and gynecology. [1] It is country’s largest pediatric hospital chain with 16 hospitals spread across 6 cities.[2]
- Market Cap ₹ 13,170 Cr.
- Current Price ₹ 1,298
- High / Low ₹ 1,488 / 716
- Stock P/E 60.0
- Book Value ₹ 112
- Dividend Yield 0.23 %
- ROCE 24.1 %
- ROE 25.5 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 42.3% CAGR over last 5 years
Cons
- Stock is trading at 11.6 times its book value
- Working capital days have increased from 19.9 days to 76.5 days
* 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
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|
122 | 169 | 234 | 321 | 402 | 543 | 719 | 650 | 974 | 1,174 | 1,273 | |
98 | 128 | 204 | 266 | 332 | 391 | 519 | 485 | 666 | 774 | 851 | |
Operating Profit | 24 | 41 | 30 | 55 | 69 | 151 | 201 | 165 | 308 | 400 | 421 |
OPM % | 20% | 24% | 13% | 17% | 17% | 28% | 28% | 25% | 32% | 34% | 33% |
3 | 10 | 16 | 11 | 10 | 8 | 10 | 10 | 19 | 31 | 33 | |
Interest | 3 | 3 | 3 | 3 | 4 | 42 | 48 | 46 | 56 | 58 | 56 |
Depreciation | 13 | 9 | 18 | 22 | 28 | 60 | 69 | 73 | 83 | 90 | 103 |
Profit before tax | 11 | 38 | 24 | 41 | 47 | 58 | 93 | 56 | 187 | 282 | 296 |
Tax % | 53% | 35% | 28% | 24% | 22% | 22% | 41% | 29% | 26% | 25% | |
5 | 25 | 17 | 31 | 36 | 45 | 55 | 40 | 139 | 212 | 221 | |
EPS in Rs | 8.56 | 26.74 | 18.22 | 33.78 | 8.25 | 10.14 | 12.68 | 9.10 | 14.70 | 20.77 | 21.64 |
Dividend Payout % | 23% | 7% | 11% | 7% | 12% | 10% | 16% | 0% | 14% | 14% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 24% |
3 Years: | 18% |
TTM: | 19% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 42% |
3 Years: | 56% |
TTM: | 30% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
1 Year: | 80% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 20% |
3 Years: | 22% |
Last Year: | 26% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 9 | 9 | 9 | 9 | 44 | 44 | 44 | 44 | 94 | 102 | 102 |
Reserves | 144 | 166 | 275 | 308 | 307 | 317 | 350 | 391 | 498 | 958 | 1,038 |
Preference Capital | 6 | 6 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 0 | |
18 | 16 | 13 | 15 | 13 | 465 | 490 | 518 | 581 | 570 | 631 | |
29 | 39 | 52 | 66 | 84 | 100 | 134 | 127 | 123 | 146 | 127 | |
Total Liabilities | 201 | 231 | 349 | 399 | 448 | 926 | 1,019 | 1,081 | 1,296 | 1,776 | 1,898 |
56 | 78 | 123 | 174 | 296 | 702 | 702 | 772 | 858 | 931 | 977 | |
CWIP | 4 | 35 | 31 | 7 | 12 | 23 | 43 | 29 | 6 | 23 | 69 |
Investments | 31 | 7 | 2 | 6 | 0 | 3 | 10 | 18 | 22 | 58 | 147 |
109 | 111 | 194 | 212 | 140 | 199 | 265 | 262 | 409 | 764 | 705 | |
Total Assets | 201 | 231 | 349 | 399 | 448 | 926 | 1,019 | 1,081 | 1,296 | 1,776 | 1,898 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|
15 | 26 | 17 | 36 | 48 | 127 | 170 | 143 | 224 | 327 | |
-113 | -20 | -107 | -33 | -42 | -117 | -117 | -83 | -175 | -465 | |
98 | -7 | 93 | -1 | -7 | -9 | -52 | -61 | -44 | 143 | |
Net Cash Flow | -0 | -1 | 3 | 1 | -2 | 2 | 2 | -1 | 4 | 5 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 10 | 11 | 10 | 16 | 14 | 24 | 22 | 25 | 15 | 18 |
Inventory Days | 25 | 39 | 35 | 48 | 36 | 32 | 55 | 36 | 28 | 43 |
Days Payable | 128 | 121 | 107 | 142 | 151 | 197 | 202 | 190 | 121 | 195 |
Cash Conversion Cycle | -93 | -72 | -62 | -79 | -100 | -141 | -124 | -130 | -78 | -133 |
Working Capital Days | -25 | -27 | -32 | -23 | -29 | -20 | -6 | -9 | -7 | 77 |
ROCE % | 22% | 11% | 14% | 14% | 16% | 16% | 11% | 23% | 24% |
Documents
Announcements
- Closure of Trading Window 1d
- Shareholder Meeting / Postal Ballot-Scrutinizer"s Report 18 Mar
- Addition Of 50 Bed Additional Block To The Existing Hospital At Hydernagar, Hyderabad, Telangana 7 Mar
- Commencement Of A New ~80 Bed Spoke Hospital At Anna Nagar, Chennai, Tamil Nadu. 1 Mar
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 24 Feb
Concalls
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Feb 2024Transcript PPT
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Nov 2023Transcript PPT REC
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Aug 2023Transcript PPT
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May 2023Transcript PPT
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Feb 2023Transcript PPT
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Nov 2022TranscriptPPT
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Nov 2022Transcript PPT
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Aug 2022Transcript PPT
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Aug 2022TranscriptNotesPPT
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Jun 2022Transcript PPT
Infrastructure:
As of FY23, RCML operates 16 hospitals and 3 clinics operating in 6 cities in India. It has a capacity of 1650+ beds and 730+ doctors.[1] A number of doctors are trained and possess qualifications from the UK, USA, Canada, Australia.[2]