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Kovai Medical Center Overview

Kovai Medical Center and Hospital Ltd (KMCH) is a multispecialty medical institution in Coimbatore. The Company operates within the healthcare quarter and is engaged inside the cardiac and cardio-thoracic procedures in India. It offers a number of invasive and noninvasive approaches. Its departments consist of comprehensive cancer centre, nuclear medicinal drug and positron emission tomography-computed tomography (PET CT), KMCH heart institute, neurosciences, orthopaedics and joint replacement and interventional radiology. Its Department of ne...Read More

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Kovai Medical Center Key Financials

Market Cap ₹6193 Cr.

Stock P/E 29.6

P/B 4.9

Current Price ₹5659.6

Book Value ₹ 1147.1

Face Value 10

52W High ₹6725

Dividend Yield 0.18%

52W Low ₹ 5010

Kovai Medical Center Share Price

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Volume
Price

Kovai Medical Center Quarterly Price

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Kovai Medical Center Peer Comparison

Kovai Medical Center Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 303 321 321 315 344 355 357 374 392 407
Other Income 4 5 6 5 5 6 6 6 6 7
Total Income 307 326 327 320 349 361 363 380 398 414
Total Expenditure 217 225 229 229 248 252 256 268 285 291
Operating Profit 90 101 97 91 100 109 107 111 113 123
Interest 8 7 7 7 8 9 9 9 9 8
Depreciation 23 23 24 24 24 25 25 26 27 28
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 58 71 67 61 67 75 74 76 78 87
Provision for Tax 15 17 15 15 17 17 20 19 19 22
Profit After Tax 43 53 52 46 51 58 55 57 59 65
Adjustments 0 0 -0 0 0 0 0 0 0 0
Profit After Adjustments 43 53 52 46 51 58 55 57 59 65
Adjusted Earnings Per Share 39.7 48.5 47.7 41.8 46.3 52.8 50 52.3 53.8 59.4

Kovai Medical Center Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 402 465 531 592 628 712 690 905 1020 1220 1371 1530
Other Income 7 8 6 8 8 11 12 12 16 21 22 25
Total Income 408 473 537 600 637 722 702 918 1036 1241 1393 1555
Total Expenditure 307 374 406 464 494 541 495 646 748 874 982 1100
Operating Profit 101 99 131 136 143 182 207 272 288 366 412 454
Interest 20 17 15 13 15 18 33 46 43 37 36 35
Depreciation 21 21 24 34 36 52 68 85 89 92 98 106
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 59 62 92 89 93 112 106 141 155 238 278 315
Provision for Tax 21 22 32 31 33 17 28 36 39 58 69 80
Profit After Tax 39 40 60 58 60 95 78 104 116 180 209 236
Adjustments 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 39 40 60 58 60 95 78 104 116 180 209 236
Adjusted Earnings Per Share 35.4 37 54.8 53 55 86.4 71 95.3 105.8 164.3 191 215.5

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 12% 15% 14% 13%
Operating Profit CAGR 13% 15% 18% 15%
PAT CAGR 16% 26% 17% 18%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 1% 42% 36% 22%
ROE Average 21% 20% 19% 23%
ROCE Average 24% 21% 19% 21%

Kovai Medical Center Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 138 176 235 290 343 431 510 609 719 889 1086
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 128 121 86 165 336 505 551 483 447 253 348
Other Non-Current Liabilities 33 42 46 47 49 67 82 87 91 93 96
Total Current Liabilities 88 92 96 106 121 105 139 163 181 203 270
Total Liabilities 386 430 464 608 850 1107 1281 1343 1438 1438 1800
Fixed Assets 281 337 354 440 469 643 1033 1085 1088 1118 1283
Other Non-Current Assets 29 21 18 47 251 324 60 20 56 70 187
Total Current Assets 77 71 92 121 129 140 188 238 295 250 331
Total Assets 386 430 464 608 850 1107 1281 1343 1438 1438 1800

Kovai Medical Center Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 35 56 51 68 92 102 111 155 198 249 211
Cash Flow from Operating Activities 97 85 99 87 126 152 186 262 263 344 353
Cash Flow from Investing Activities -33 -65 -32 -123 -277 -256 -180 -99 -127 -138 -352
Cash Flow from Financing Activities -43 -24 -50 60 160 113 38 -119 -86 -243 62
Net Cash Inflow / Outflow 21 -5 17 24 9 9 44 44 50 -38 63
Closing Cash & Cash Equivalent 9 51 17 24 102 111 155 198 249 211 274

Kovai Medical Center Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 35.37 36.95 54.81 52.98 54.96 86.44 71 95.28 105.8 164.25 190.95
CEPS(Rs) 54.74 55.81 76.57 84.2 87.44 134.07 133.16 173.35 187.25 248.46 280.14
DPS(Rs) 1.5 2.5 2.5 3 3 3 3 6 10 10 10
Book NAV/Share(Rs) 126.49 160.43 215.07 265.02 313.69 393.92 466.08 556.84 657.12 812.02 992.63
Core EBITDA Margin(%) 23.47 19.71 23.48 21.74 21.46 24.04 28.3 28.7 26.64 28.32 28.4
EBIT Margin(%) 19.87 16.94 20.16 17.27 17.12 18.2 20.16 20.64 19.46 22.49 22.9
Pre Tax Margin(%) 14.8 13.36 17.39 15.1 14.78 15.72 15.32 15.54 15.22 19.48 20.24
PAT Margin (%) 9.64 8.69 11.29 9.79 9.57 13.29 11.25 11.52 11.35 14.74 15.24
Cash Profit Margin (%) 14.91 13.13 15.78 15.55 15.23 20.61 21.11 20.95 20.09 22.29 22.36
ROA(%) 10.5 9.91 13.43 10.82 8.25 9.67 6.51 7.95 8.33 12.5 12.91
ROE(%) 32.16 25.76 29.19 22.07 19 24.43 16.51 18.63 17.43 22.36 21.16
ROCE(%) 27.19 24.83 30.82 24 17.74 15.56 13.66 16.86 17.15 23.29 23.86
Receivable days 7.89 7.48 7.12 7.88 6.92 4.73 5.93 6.72 7.28 5.71 6.34
Inventory Days 8.18 6.62 5.95 6.04 6.09 5.84 6.05 4.6 4.71 4.25 4.03
Payable days 41.63 46.15 39.95 38.68 42.99 44.42 39.03 21.14 26.81 30.27 27.68
PER(x) 17.4 18.84 24 23.6 14.03 7.87 15.53 16.74 17.4 22.78 27.13
Price/Book(x) 4.86 4.34 6.12 4.72 2.46 1.73 2.37 2.87 2.8 4.61 5.22
Dividend Yield(%) 0.24 0.36 0.19 0.24 0.39 0.44 0.27 0.38 0.54 0.27 0.19
EV/Net Sales(x) 1.94 1.87 2.82 2.49 1.78 1.61 2.37 2.28 2.2 3.41 4.21
EV/Core EBITDA(x) 7.73 8.74 11.44 10.83 7.82 6.31 7.9 7.57 7.78 11.35 14.04
Net Sales Growth(%) 20.22 15.86 14.14 11.54 6.08 13.26 -3 31.14 12.64 19.59 12.43
EBIT Growth(%) 30.27 -1.24 35.83 -4.46 5.18 20.42 7.45 34.24 6.22 38.16 14.48
PAT Growth(%) 63.16 4.48 48.33 -3.33 3.73 57.27 -17.87 34.21 11.04 55.25 16.26
EPS Growth(%) 63.16 4.48 48.33 -3.33 3.73 57.27 -17.87 34.21 11.04 55.25 16.26
Debt/Equity(x) 1.18 0.9 0.53 0.7 1.1 1.19 1.15 0.84 0.66 0.31 0.35
Current Ratio(x) 0.88 0.77 0.95 1.14 1.07 1.34 1.36 1.46 1.63 1.23 1.22
Quick Ratio(x) 0.78 0.68 0.86 1.04 0.98 1.22 1.28 1.38 1.55 1.16 1.17
Interest Cover(x) 3.92 4.73 7.27 7.95 7.3 7.35 4.16 4.05 4.59 7.48 8.63
Total Debt/Mcap(x) 0.24 0.21 0.09 0.15 0.45 0.69 0.48 0.29 0.23 0.07 0.07

Kovai Medical Center Shareholding Pattern

# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 56.43 56.46 56.49 56.51 56.55 56.55 56.55 56.52 56.52 56.52
FII 2.24 0.34 0.32 0.45 0.56 1.1 1.28 1.24 1.31 1.2
DII 2.09 4.18 4.29 4.37 4.43 4.03 4.52 4.9 4.73 4.48
Public 39.24 39.02 38.91 38.68 38.47 38.32 37.65 37.34 37.44 37.8
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Kovai Medical Center News

Kovai Medical Center Pros & Cons

Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 20%
  • Debtor days have improved from 30.27 to 27.68days.
  • Company is almost debt free.

Cons

  • Stock is trading at 4.9 times its book value.
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