Hospital & Healthcare Services · Founded 2015 · www.gaudiumivfcentre.com · BSE 544709 · NSE GAUDIUMIVF · ISIN INE0P8B01020
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Business
Gaudium IVF and Women Health Ltd. operates in the specialized healthcare sector, primarily focusing on fertility treatments and comprehensive women's health services. The company's core business model involves providing advanced Assisted Reproductive Technology (ART) services such as In Vitro Fertilization (IVF), Intrauterine Insemination (IUI), and related procedures. Beyond fertility, it offers a range of gynecological consultations, obstetric care, maternal health services, diagnostics, and potentially surgical interventions. The company generates revenue through consultation fees, charges for various fertility procedures, gynecological treatments, hospitalization, and diagnostic services.
Revenue Mix
The company's primary business segments are:
IVF and Assisted Reproductive Technology (ART): This segment includes a full spectrum of fertility treatments, diagnostic tests related to infertility, and counseling services.
Women's Health Services: This encompasses general gynecology, obstetrics, prenatal and postnatal care, family planning, and other related health services catering specifically to women.
Specific revenue contribution percentages for these segments are not publicly disclosed.
Industry
Gaudium IVF and Women Health Ltd. operates within the growing but highly competitive Indian Hospital & Healthcare Services sector, with a specific focus on the niche market of fertility and women's health. The fertility segment in India is largely fragmented, comprising numerous standalone clinics, specialized chains, and departments within multi-specialty hospitals. The company positions itself as a specialized provider in IVF and women's health. Its competitive standing against larger national hospital chains or pan-India fertility networks is likely regional, competing on factors such as doctor reputation, success rates, patient experience, and local brand presence.
MOAT
Specialized Expertise & Outcomes: A strong reputation built on high success rates in fertility treatments and experienced specialists can create patient trust and referrals, which is critical in this sensitive area of healthcare.
Brand Reputation: Over time, a focus on patient care and ethical practices can build a valuable brand within its operational regions.
Patient Stickiness: For ongoing fertility treatments, patients often prefer to complete their cycles with the same clinic/doctor, creating some switching costs during a treatment journey.
Doctor Talent: Attracting and retaining highly skilled fertility specialists and gynecologists is a key differentiator.
Growth Drivers
Rising Infertility Rates: Increasing lifestyle-related factors, delayed marriages, and environmental factors contribute to a growing demand for fertility treatments.
Increasing Awareness & Acceptance: Greater public awareness and reduced social stigma surrounding ART procedures drive more couples to seek treatment.
Growing Disposable Incomes: Improving economic conditions and rising middle-class incomes make advanced fertility treatments more accessible and affordable for a larger population segment.
Expansion: Geographic expansion through new clinics or partnerships could significantly increase market reach.
Technological Advancements: Adoption of newer, more effective ART techniques can attract patients and improve success rates.
Risks
Regulatory Changes: The fertility sector in India is subject to evolving regulations (e.g., ART Act), which can impact operational procedures, costs, and ethical guidelines.
High Capital Expenditure: Setting up and maintaining advanced fertility clinics requires significant upfront investment in equipment, infrastructure, and skilled personnel.
Reputational Risk: Poor treatment outcomes, ethical controversies, or negative patient experiences can severely damage brand trust and patient inflow.
Intense Competition: The sector faces significant competition from existing players, new entrants, and multi-specialty hospitals, leading to potential pricing pressures.
Dependency on Key Personnel: High reliance on experienced and renowned fertility specialists whose departure could impact service quality and patient confidence.
Affordability Concerns: Despite rising incomes, IVF treatments remain expensive, potentially limiting the addressable market for a significant portion of the population.
Management & Ownership
Gaudium IVF and Women Health Ltd., as a publicly listed entity with a "Ltd." designation, is managed by a professional board and executive team. While specific names and their detailed backgrounds are not provided, it is typical for such companies in the healthcare sector to have promoters with significant stakes, alongside a mix of institutional and public shareholders. The management team likely consists of individuals with expertise in healthcare administration, finance, and specialized medical fields relevant to fertility and women's health.
Outlook
Gaudium IVF operates in a structurally growing market driven by demographic trends and increasing awareness of fertility solutions. The demand for specialized women's health services also remains robust. The company's ability to maintain high success rates, ensure ethical practices, and build a strong regional brand could position it for continued growth. However, this positive outlook is balanced by significant risks including intense competition, the capital-intensive nature of the business, evolving regulatory landscape, and the critical importance of managing patient expectations regarding treatment outcomes. Future success will hinge on strategic expansion, technological adoption, and effective management of both clinical excellence and operational efficiency in a highly sensitive and competitive healthcare niche.
Price goes above X
Price falls below X
PE goes above X
PE falls below X
| #(Fig in Cr.) | Dec 2024 | Dec 2025 |
|---|---|---|
| Net Sales | 14 | 25 |
| Other Income | 0 | 0 |
| Total Income | 14 | 25 |
| Total Expenditure | 9 | 18 |
| Operating Profit | 6 | 7 |
| Interest | 0 | 1 |
| Depreciation | 1 | 0 |
| Exceptional Income / Expenses | 0 | 0 |
| Profit Before Tax | 5 | 5 |
| Provision for Tax | 1 | 1 |
| Profit After Tax | 3 | 4 |
| Adjustments | 0 | 0 |
| Profit After Adjustments | 3 | 4 |
| Adjusted Earnings Per Share | 0.6 | 0.6 |
| #(Fig in Cr.) | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|
| Net Sales | 37 | 44 | 48 | 71 | 39 |
| Other Income | 0 | 0 | 0 | 0 | 0 |
| Total Income | 37 | 44 | 48 | 71 | 39 |
| Total Expenditure | 23 | 24 | 28 | 42 | 27 |
| Operating Profit | 14 | 20 | 20 | 29 | 13 |
| Interest | 1 | 0 | 1 | 2 | 1 |
| Depreciation | 1 | 1 | 2 | 2 | 1 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 12 | 18 | 17 | 25 | 10 |
| Provision for Tax | 3 | 5 | 6 | 6 | 2 |
| Profit After Tax | 9 | 14 | 10 | 19 | 7 |
| Adjustments | 0 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | 9 | 14 | 10 | 19 | 7 |
| Adjusted Earnings Per Share | 1.4 | 2.2 | 1.7 | 3.1 | 1.2 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 48% | 24% | 0% | 0% |
| Operating Profit CAGR | 45% | 27% | 0% | 0% |
| PAT CAGR | 90% | 28% | 0% | 0% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | NA% | NA% | NA% | NA% |
| ROE Average | 52% | 59% | 68% | 68% |
| ROCE Average | 50% | 59% | 64% | 64% |
| #(Fig in Cr.) | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|
| Shareholder's Funds | 9 | 23 | 27 | 46 |
| Minority's Interest | 0 | 0 | 0 | 0 |
| Borrowings | 2 | 2 | 2 | 2 |
| Other Non-Current Liabilities | 0 | 2 | 2 | 2 |
| Total Current Liabilities | 6 | 10 | 20 | 38 |
| Total Liabilities | 18 | 37 | 51 | 89 |
| Fixed Assets | 4 | 18 | 19 | 18 |
| Other Non-Current Assets | 0 | 0 | 3 | 17 |
| Total Current Assets | 14 | 18 | 30 | 54 |
| Total Assets | 18 | 37 | 51 | 89 |
| #(Fig in Cr.) | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 1 | 2 | 15 | 12 |
| Cash Flow from Operating Activities | -1 | 24 | 3 | 9 |
| Cash Flow from Investing Activities | -1 | -16 | -5 | -15 |
| Cash Flow from Financing Activities | 3 | 5 | -1 | 2 |
| Net Cash Inflow / Outflow | 0 | 13 | -3 | -5 |
| Closing Cash & Cash Equivalent | 2 | 15 | 12 | 7 |
| # | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|
| Earnings Per Share (Rs) | 1.44 | 2.2 | 1.68 | 3.12 |
| CEPS(Rs) | 1.6 | 2.44 | 2.03 | 3.45 |
| DPS(Rs) | 0 | 1.03 | 0 | 0 |
| Book NAV/Share(Rs) | 1.51 | 3.7 | 4.4 | 7.54 |
| Core EBITDA Margin(%) | 37.04 | 45.69 | 40.59 | 40.83 |
| EBIT Margin(%) | 34.39 | 42.5 | 36.63 | 38.27 |
| Pre Tax Margin(%) | 32.86 | 41.4 | 34.73 | 35.95 |
| PAT Margin (%) | 24.17 | 30.57 | 21.54 | 27.05 |
| Cash Profit Margin (%) | 26.83 | 33.82 | 26.05 | 29.94 |
| ROA(%) | 50.27 | 49.92 | 23.55 | 27.42 |
| ROE(%) | 94.99 | 84.47 | 41.5 | 52.2 |
| ROCE(%) | 82.39 | 78.74 | 46.65 | 50.15 |
| Receivable days | 64.91 | 30.54 | 55.26 | 119.89 |
| Inventory Days | 3.35 | 7.57 | 13.73 | 24.08 |
| Payable days | 114.13 | 87.5 | 72.31 | 178.13 |
| PER(x) | 0 | 0 | 0 | 0 |
| Price/Book(x) | 0 | 0 | 0 | 0 |
| Dividend Yield(%) | 0 | 0 | 0 | 0 |
| EV/Net Sales(x) | 0.15 | -0.1 | 0.1 | 0.6 |
| EV/Core EBITDA(x) | 0.4 | -0.21 | 0.25 | 1.46 |
| Net Sales Growth(%) | 0 | 21.13 | 8.26 | 47.68 |
| EBIT Growth(%) | 0 | 49.7 | -6.68 | 54.28 |
| PAT Growth(%) | 0 | 53.21 | -23.72 | 85.4 |
| EPS Growth(%) | 0 | 53.21 | -23.72 | 85.39 |
| Debt/Equity(x) | 0.64 | 0.43 | 0.58 | 0.41 |
| Current Ratio(x) | 2.29 | 1.92 | 1.5 | 1.42 |
| Quick Ratio(x) | 2.23 | 1.76 | 1.39 | 1.23 |
| Interest Cover(x) | 22.44 | 38.53 | 19.23 | 16.46 |
| Total Debt/Mcap(x) | 0 | 0 | 0 | 0 |
| # | Dec 2025 | Feb 2026 | Mar 2026 |
|---|---|---|---|
| Promoter | 71.29 | 71.29 | 71.29 |
| FII | 9.24 | 9.24 | 6.7 |
| DII | 5.01 | 5.01 | 2.62 |
| Public | 14.46 | 14.46 | 19.39 |
| Others | 0 | 0 | 0 |
| Total | 100 | 100 | 100 |
| # | Dec 2025 | Feb 2026 | Mar 2026 |
|---|---|---|---|
| Promoter | 5.19 | 5.19 | 5.19 |
| FII | 0.67 | 0.67 | 0.49 |
| DII | 0.36 | 0.36 | 0.19 |
| Public | 1.05 | 1.05 | 1.41 |
| Others | 0 | 0 | 0 |
| Total | 7.28 | 7.28 | 7.28 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | +48% | +24% | — | — |
| Operating Profit CAGR | +45% | +27% | — | — |
| PAT CAGR | +90% | +28% | — | — |
| Share Price CAGR | — | — | — | — |
| ROE Average | +52% | +59% | +68% | +68% |
| ROCE Average | +50% | +59% | +64% | +64% |
| # | Dec 2025 | Feb 2026 | Mar 2026 |
|---|---|---|---|
| Promoter | 71.29 | 71.29 | 71.29 |
| FII | 9.24 | 9.24 | 6.7 |
| DII | 5.01 | 5.01 | 2.62 |
| Public | 28.71 | 28.71 | 28.71 |
| Others | 0 | 0 | 0 |
| Total | 100 | 100 | 100 |
| # | Dec 2025 | Feb 2026 | Mar 2026 |
|---|---|---|---|
| Promoter | 5.19 | 5.19 | 5.19 |
| FII | 0.67 | 0.67 | 0.49 |
| DII | 0.36 | 0.36 | 0.19 |
| Public | 2.09 | 2.09 | 2.09 |
| Others | 0 | 0 | 0 |
| Total | 7.28 | 7.28 | 7.28 |
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