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Swing Capital

Kovai Medical Center & Hospital Ltd

NSE: KOVAI BSE: 523323Healthcare

Kovai Medical Center & Hospital Ltd is a Coimbatore-based company which is in the business of advanced healthcare services. It also forayed into education services in 2019 with the commencement of its new Medical College in Coimbatore.[1]

₹5,384
52W: ₹5010 — ₹6725
PE 25 · Book ₹1088 · +395% vs book
Market Cap₹5,890 Cr
Stock P/E25Price to Earnings
ROCE23.3%Return on Capital
ROE21.2%Return on Equity
Div. Yield0.18%Face Value ₹10

Shareholding Pattern

Promoters56.53%
FIIs1.21%
DIIs4.47%
Public37.8%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters56.5%56.51%▲0.056.55%▲0.056.55%56.55%56.52%▼0.056.53%▲0.056.53%
FIIs0.32%0.44%▲0.10.55%▲0.11.1%▲0.61.27%▲0.21.25%▼0.01.31%▲0.11.21%▼0.1
DIIs4.28%4.37%▲0.14.43%▲0.14.03%▼0.44.52%▲0.54.89%▲0.44.73%▼0.24.47%▼0.3
Public38.91%38.67%▼0.238.46%▼0.238.32%▼0.137.65%▼0.737.34%▼0.337.43%▲0.137.8%▲0.4

Financial Statements

MetricSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales303321321315344355357374392407
Expenses217225229229248252256268285291
Operating Profit8596928696103101106107116
OPM %28%30%29%27%28%29%28%28%27%28%
Net Profit43535246515855575965
EPS ₹39.6748.5347.6941.8146.3252.8249.9952.353.7959.42

AI Insights

Revenue Trend

TTM revenue at ₹1,530Cr, up 11.6% YoY. OPM at 28%.

Debt Position

Borrowings at ₹399Cr. Debt-to-equity ratio: 0.34x. Healthy balance sheet.

Capex Cycle

CWIP at ₹224Cr (17% of fixed assets). Moderate ongoing capital expenditure.

Institutional Flow

DIIs: 4.47% (+2.28pp change). FIIs: 1.21% (-0.99pp change). Promoters hold 56.53%.

Margin & Efficiency

ROCE improving from 21% (Mar 2014) to 23% (Mar 2025). Working capital days: -57.

Valuation

PE 25x with 23.3% ROCE. Price is 395% above book value of ₹1,088. Dividend yield: 0.18%.

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