Kovai Medical Center & Hospital Ltd.

•

kmchhospitals.comBSE: 523323NSE: KOVAI

Market Cap₹ 6,670 Cr.

Current Price

High / Low₹ 6,340 / 5,276

Stock P/E26.0

Book Value₹ 1,269

Price to Book4.17

Dividend Yield0.25 %

ROCE22.9 %

ROE20.3 %

Face Value₹ 10

Add ratio to table

ABOUT

KEY POINTS

Revenue Breakup Mar 2026 • Healthcare: 92.7% • Education: 7.3%

AI Sector View

AI GENERATED

Healthcare

Buy

This stance relies on proxies and positioning because no direct pharma-export or healthcare operating series exists in the dataset. The depreciated currency at 95.23 (Sep/26) can support export earnings, inflation at 4.45% (Jul/26) is manageable for a defensive sector, and consumer spending remains large at INR 44743 billion (Jun/26). Strong FPI inflow of INR 10620 crore over 3 months to 2026-08-31 from INR -11381 crore in the prior 3 months adds a real sector-specific tailwind, but confidence stays capped because the fundamental drivers are indirect proxies.

Confidence

50%

View full sector analysis →

PROS

Company has delivered good profit growth of 25.8% CAGR over last 5 years
Company has a healthy return on capital (ROCE) of 23.3%
Company has a good return on equity (ROE) track record: 3 Years ROE 21.3%
Company has delivered good sales growth of 18.1% CAGR over last 5 years
Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.64x)

CONS

Though reporting repeated profits, the company pays out little dividend (6.7%)

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

HealthcareHealthcareHospital & Healthcare Services

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	APOLLOHOSP	8784.00	60.45	126300.44	0.23	610.40	38.41	7043.50	20.56	21.73	15.70
2.	MAXHEALTH	994.20	66.42	96763.15	0.20	322.96	4.87	2366.17	16.70	14.97	25.29
3.	MANIPALHOS	726.00	107.02	95496.38	0.00	2434.30	—	30906.30	—	13.93	23.83
4.	FORTIS	912.65	65.75	68901.26	0.11	272.80	2.26	2545.03	17.46	14.07	21.28
5.	ASTERDM	786.90	215.24	68591.90	0.00	29.28	-68.70	1310.68	21.60	11.46	19.53
6.	NH	1880.95	47.10	38439.25	0.24	207.27	5.37	2683.63	78.05	16.20	17.43
7.	MEDANTA	1418.85	68.59	38148.87	0.04	157.25	-1.09	1304.05	26.50	19.38	21.99
8.	LALPATHLAB	1921.90	59.53	32258.86	1.07	1705.00	1172.39	7977.00	1090.95	29.56	31.03
9.	KIMS	767.40	157.76	32231.30	0.00	37.40	-56.00	1179.50	35.33	11.51	19.03
10.	AGARWALEYE	512.55	109.52	16249.18	0.00	55.02	44.56	614.02	25.97	16.14	27.75
11.	VIJAYA	1505.95	82.73	15510.94	0.13	53.10	37.61	230.98	22.83	30.28	42.66
12.	KOVAI	6095.70	115.04	6670.07	0.25	69.09	20.72	431.31	15.45	22.89	28.74

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	274	302	321	321	315	344	355	357	374	391	407	413	431
	206	217	225	229	229	248	252	256	268	285	291	303	347
Operating Profit	68	85	96	91	86	95	103	101	105	106	116	111	84
OPM %	24.83%	28.09%	29.93%	28.47%	27.29%	27.69%	28.91%	28.24%	28.23%	27.06%	28.42%	26.76%	19.52%
	6	4	5	6	5	5	6	6	6	6	7	8	7
Interest	10	8	7	7	7	8	9	9	9	9	8	6	8
Depreciation	22	23	23	24	24	24	25	25	26	27	28	29	32
Profit before Tax	42	58	71	67	61	67	75	74	76	78	87	84	92
Tax %	25.63%	25.66%	24.70%	22.01%	24.64%	24.79%	23.07%	26.40%	25.09%	24.43%	25.38%	24.83%	24.53%
Net Profit	31	43	53	52	46	51	58	55	57	59	65	63	69
	28.38	39.67	48.52	47.68	41.81	46.32	52.83	49.99	52.30	53.79	59.42	57.90	63.14

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	531	592	628	712	690	905	1,020	1,220	1,371	1,586	1,642
	406	464	494	541	495	646	748	874	982	1,143	1,226
Operating Profit	125	129	135	171	195	260	272	345	389	442	416
OPM %	23.48%	21.74%	21.46%	24.04%	28.30%	28.70%	26.64%	28.32%	28.40%	27.90%	25.34%
	6	8	8	11	12	12	16	21	22	28	29
Interest	15	13	15	18	33	46	43	37	36	36	31
Depreciation	24	34	36	52	68	85	89	92	98	109	115
Profit before Tax	92	89	93	112	106	141	155	238	278	326	341
Tax %	35.05%	35.16%	35.22%	15.48%	26.53%	25.89%	25.42%	24.34%	24.72%	24.94%	24.80%
Net Profit	60	58	60	95	78	104	116	180	209	244	256
EPS	0.00	0.00	54.96	86.44	71.00	95.28	105.80	164.25	190.95	223.41	—
Dividend Payout %	4.56%	5.66%	5.46%	3.47%	4.23%	6.30%	9.45%	6.09%	5.24%	6.71%	—

COMPOUNDED SALES GROWTH

10 Years:: 13%
5 Years:: 18%
3 Years:: 16%

COMPOUNDED PROFIT GROWTH

10 Years:: 20%
5 Years:: 26%
3 Years:: 28%

STOCK PRICE CAGR

10 Years:: 25%
5 Years:: 29%
3 Years:: 32%
1 Year:: 135%

RETURN ON EQUITY

10 Years:: 21%
5 Years:: 20%
3 Years:: 21%
Last Year:: 20%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	11	11	11	11	11	11	11	11	11	11
	224	279	332	420	499	598	708	878	1,075	1,308
	126	202	378	543	622	549	509	288	382	348
Trade Payables	16	20	24	26	15	14	27	26	29	24
	86	95	104	107	133	170	183	235	303	374
Total Liabilities	464	608	850	1,107	1,281	1,343	1,438	1,438	1,800	2,066
	354	440	469	643	1,033	1,085	1,088	1,118	1,283	1,474
Capital Work in Progress	6	13	227	300	45	5	23	39	150	135
	4	4	0	0	0	0	0	0	0	1
	9	11	10	13	10	13	14	15	16	20
	0	0	0	0	0	0	0	17	31	38
Cash & Bank	68	92	102	111	155	198	249	211	274	347
	23	48	41	41	38	42	65	39	47	52
Total Assets	464	608	850	1,107	1,281	1,343	1,438	1,438	1,800	2,066

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	124	119	157	182	208	300	300	344	335	362
Cash from Investing	-32	-123	-277	-256	-180	-99	-127	-138	-334	-230
Cash from Financing	-50	60	160	113	38	-119	-86	-243	62	-58
	17	24	9	9	44	44	50	-38	63	73

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
PER SHARE
EPS (₹)	54.81	52.98	54.96	86.44	71.00	95.28	105.80	164.25	190.95	223.41
Book Value (₹)	215.07	265.02	313.68	393.92	466.08	556.84	657.12	812.02	992.63	1205.66
Dividend per Share (₹)	2.50	3.00	3.00	3.00	3.00	6.00	10.00	10.00	10.00	15.00
Cash EPS (₹)	76.57	84.20	87.44	134.07	133.16	173.35	187.25	248.46	280.14	323.38
PROFITABILITY
Operating Margin %	24.64%	23.03%	22.77%	25.52%	30.02%	30.08%	28.20%	28.32%	28.40%	27.90%
Net Margin %	11.29%	9.79%	9.57%	13.29%	11.25%	11.52%	11.35%	14.74%	15.24%	15.42%
ROE %	29.19%	22.07%	19.00%	24.43%	16.51%	18.63%	17.43%	22.36%	21.16%	20.33%
ROCE %	30.82%	24.00%	17.74%	15.56%	13.66%	16.86%	17.15%	23.29%	23.86%	22.89%
	13.43%	10.82%	8.25%	9.67%	6.51%	7.95%	8.33%	12.50%	12.91%	12.65%
EFFICIENCY
Debtor Days	7	8	7	5	6	7	7	6	6	8
Inventory Days	6	6	6	6	6	5	5	4	4	4
Payable Days	40	39	43	44	39	21	27	30	26	22
	-27	-25	-30	-34	-27	-10	-15	-20	-15	-10
FINANCIAL HEALTH
Debt to Equity (x)	0.53x	0.70x	1.10x	1.19x	1.15x	0.84x	0.66x	0.31x	0.35x	0.28x
Interest Coverage (x)	7.27x	7.95x	7.30x	7.35x	4.16x	4.05x	4.59x	7.48x	8.63x	10.17x
	0.95x	1.14x	1.07x	1.34x	1.36x	1.46x	1.63x	1.23x	1.22x	1.29x
GROWTH
Revenue Growth %	14.14%	11.54%	6.08%	13.26%	-3.00%	31.14%	12.64%	19.59%	12.43%	15.65%
Operating Profit Growth %	31.58%	4.26%	4.89%	26.94%	14.07%	31.40%	5.63%	27.38%	12.32%	14.36%
Net Profit Growth %	48.33%	-3.33%	3.73%	57.27%	-17.87%	34.21%	11.04%	55.25%	16.26%	17.00%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	55.25%	16.26%	17.00%
VALUATION
P/E (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	22.78x	27.13x	22.48x
P/B (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	4.61x	5.22x	4.17x
Dividend Yield %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.27%	0.19%	0.30%
	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	11.35x	14.04x	11.73x

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	56.49	56.51	56.55	56.55	56.55	56.52	56.52	56.52	56.52
	0.32	0.44	0.55	1.10	1.27	1.25	1.31	1.21	1.25
	4.28	4.37	4.43	4.03	4.52	4.89	4.73	4.47	4.24
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	38.91	38.68	38.47	38.32	37.65	37.34	37.44	37.80	37.98

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

No announcements filed.

News

Recent coverage and analyst commentary for KOVAI

Loading news…

🤖

AI Stock Analyst

Kovai Medical Center & Hospital Ltd.

🔒

Sign in to Chat with AI

✨ Sign In to Chat

Free 5nance Account