Key Financials Snapshot

TTM · Consolidated · ₹ in Cr
Market Cap
₹474 Cr.
Stock P/E
95.6
P/B
2.8
Current Price
₹226.9
Book Value
₹ 80.4
Face Value
10
52W High
₹267.6
52W Low
₹ 209.4
Dividend Yield
0%

Rays Of Belief Overview

Business

Rays Of Belief Ltd. operates within the Hospital & Healthcare Services sector in India. As a healthcare services provider, its core business involves delivering a range of medical, surgical, diagnostic, and preventative healthcare services to patients. The company likely operates hospitals, clinics, or specialized medical centers, serving both inpatient and outpatient needs. Its business model typically involves generating revenue through fees for medical consultations, diagnostic tests, surgical procedures, hospital room charges, pharmacy sales, and other related healthcare services.

Revenue Mix

Specific details regarding Rays Of Belief Ltd.'s key business segments and their revenue contribution are not available. In the broader Hospital & Healthcare Services industry, revenue is generally derived from various medical specialties (e.g., cardiology, oncology, orthopedics, general medicine), different service types (inpatient, outpatient, diagnostics, pharmacy), and sometimes from medical tourism or corporate health packages.

Industry

The Indian Hospital & Healthcare Services industry is characterized by strong demand driven by a large and growing population, increasing prevalence of non-communicable diseases, and rising health awareness. The sector comprises a mix of public and private players, with the private sector dominating specialized and advanced care. The industry is fragmented but also features large corporate hospital chains. Without specific operational details, Rays Of Belief Ltd.'s precise positioning against peers (e.g., as a multi-specialty hospital chain, a niche player, or a regional hospital) cannot be determined. It operates within a competitive landscape where quality of care, doctor reputation, technology, and pricing are key differentiators.

MOAT

Without specific information, it is difficult to ascertain if Rays Of Belief Ltd. possesses a durable competitive advantage. Potential moats in the healthcare sector include:

Brand Reputation & Trust: A strong reputation for quality medical outcomes and patient care can build significant trust and loyalty.

Specialized Talent: The ability to attract and retain highly skilled doctors and medical professionals, especially in niche specialties.

Scale & Network: A large network of hospitals can offer economies of scale in procurement and brand recognition.

Switching Costs: For complex or chronic conditions, patients may face high psychological and practical switching costs once they establish care with a particular provider.

The presence and strength of any of these for Rays Of Belief Ltd. cannot be assessed from the available data.

Growth Drivers

Key factors that can drive growth for Rays Of Belief Ltd. over the next 3-5 years include:

Demographic Trends: India's large and aging population, coupled with increasing life expectancy, will continue to fuel demand for healthcare services.

Rising Income & Health Awareness: Growing disposable incomes and greater health consciousness are leading to increased healthcare spending.

Lifestyle Diseases: A rising burden of chronic and lifestyle-related diseases necessitates ongoing medical care.

Government Initiatives: Schemes like Ayushman Bharat (Pradhan Mantri Jan Arogya Yojana) aim to increase healthcare access and affordability, potentially expanding the patient pool for private providers.

Medical Tourism: India's cost-effective quality healthcare attracts patients from other countries, offering an additional revenue stream.

Technological Advancements: Adoption of new medical technologies and digital health solutions can improve efficiency and patient outcomes.

Risks

Rays Of Belief Ltd. faces several business risks typical for the Indian healthcare sector:

Regulatory & Pricing Pressure: Government interventions like price caps on drugs, devices, or procedures can impact profitability.

Competition: Intense competition from both established large hospital chains and smaller local players can put pressure on tariffs and market share.

Talent Shortage: A persistent shortage of skilled doctors, nurses, and allied healthcare professionals can impact service quality and operational costs.

High Capital Expenditure: Establishing and maintaining modern healthcare facilities requires significant capital investment, which can lead to high debt levels if not managed efficiently.

Reputation Risk: Medical errors, adverse patient outcomes, or ethical issues can severely damage reputation and patient trust.

Reimbursement Challenges: Delays or disputes in payments from insurance providers or government schemes can impact cash flow.

Operational Efficiency: Managing complex hospital operations, optimizing bed occupancy, and controlling operating costs are critical for profitability.

Management & Ownership

Information regarding the specific promoters, key management personnel, and detailed ownership structure of Rays Of Belief Ltd. is not available. As is common for many Indian companies, it is likely promoted by a founding family or group with significant ownership stake. The quality and experience of the management team would be critical determinants of its strategic direction and operational execution.

Outlook

The outlook for Rays Of Belief Ltd. is shaped by a confluence of favorable industry tailwinds and inherent sector-specific challenges. The Indian healthcare market offers significant long-term growth potential, driven by demographics, rising incomes, and increasing health awareness. Companies positioned to offer quality care, expand their reach, and adapt to evolving patient needs are likely to benefit. However, the company operates in a capital-intensive sector susceptible to regulatory interventions, intense competition, and the constant need for technological upgrades and skilled talent acquisition. Its ability to navigate these complexities, maintain operational efficiency, and build a strong brand reputation will be key to its sustainable growth and profitability. The specific financial health, market position, and strategic execution of Rays Of Belief Ltd. would determine its individual trajectory within this dynamic environment.

Rays Of Belief Share Price

Live · BSE / NSE · Inception: 2017
₹ | |
Volume
Price

Key Financials — Profit & Loss

₹ in Cr · Consolidated · annual

Rays Of Belief Quarterly Results

#(Fig in Cr.) Jun 2025 Jun 2026
Net Sales 11 25
Other Income 0 0
Total Income 11 25
Total Expenditure 10 20
Operating Profit 1 5
Interest 0 0
Depreciation 1 1
Exceptional Income / Expenses 0 0
Profit Before Tax -0 4
Provision for Tax 0 1
Profit After Tax -1 3
Adjustments 0 0
Profit After Adjustments -1 3
Adjusted Earnings Per Share -0.3 1.8

Rays Of Belief Profit & Loss

#(Fig in Cr.) Mar 2026 TTM
Net Sales 82 36
Other Income 0 0
Total Income 82 36
Total Expenditure 69 30
Operating Profit 13 6
Interest 2 0
Depreciation 4 2
Exceptional Income / Expenses 0 0
Profit Before Tax 7 4
Provision for Tax 2 1
Profit After Tax 5 2
Adjustments 0 0
Profit After Adjustments 5 2
Adjusted Earnings Per Share 3.2 1.5

Rays Of Belief Balance Sheet

#(Fig in Cr.) Mar 2026
Shareholder's Funds 31
Minority's Interest 0
Borrowings 3
Other Non-Current Liabilities -2
Total Current Liabilities 14
Total Liabilities 45
Fixed Assets 12
Other Non-Current Assets 0
Total Current Assets 33
Total Assets 45

Rays Of Belief Cash Flow

#(Fig in Cr.) Mar 2026
Opening Cash & Cash Equivalents 5
Cash Flow from Operating Activities -2
Cash Flow from Investing Activities -6
Cash Flow from Financing Activities 6
Net Cash Inflow / Outflow -2
Closing Cash & Cash Equivalent 3

Rays Of Belief Ratios

# Mar 2026
Earnings Per Share (Rs) 3.18
CEPS(Rs) 5.95
DPS(Rs) 0
Book NAV/Share(Rs) 19.77
Core EBITDA Margin(%) 15.13
EBIT Margin(%) 10.34
Pre Tax Margin(%) 8.45
PAT Margin (%) 6.07
Cash Profit Margin (%) 11.35
ROA(%) 10.93
ROE(%) 16.1
ROCE(%) 24.53
Receivable days 80.85
Inventory Days 0
Payable days 0
PER(x) 0
Price/Book(x) 0
Dividend Yield(%) 0
EV/Net Sales(x) 0.16
EV/Core EBITDA(x) 1.02
Net Sales Growth(%) 0
EBIT Growth(%) 0
PAT Growth(%) 0
EPS Growth(%) 0
Debt/Equity(x) 0.12
Current Ratio(x) 2.41
Quick Ratio(x) 2.41
Interest Cover(x) 5.48
Total Debt/Mcap(x) 0

Growth Rates

Compounded annual
# 1 Year 3 Year 5 Year 10 Year
Sales CAGR — — — —
Operating Profit CAGR — — — —
PAT CAGR — — — —
Share Price CAGR — — — —
ROE Average +16% +16% +16% +16%
ROCE Average +25% +25% +25% +25%

Rays Of Belief Shareholding Pattern

Latest · Sep 2026
100% held
Promoters 68.77 %
FII 8.34 %
DII (MF + Insurance) 11.24 %
Public (retail) 11.65 %
# Jun 2026 Sep 2026
Promoter 068.77
FII 08.34
DII 011.24
Public 011.65
Others 00
Total 100100

Rays Of Belief Peer Comparison

Hospital & Healthcare Services Edit Columns

Rays Of Belief Quarterly Price

10-year quarterly close · BSE
Show Value Show %

News & Updates

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Rays Of Belief Pros & Cons

Pros

  • Company has reduced debt.
  • Company is almost debt free.

Cons

    0
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