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Kovai Medical Center & Hospital Ltd.
(KOVAI)
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Rating:72Outperform
Price Target:
₹6,441.00
Action:N/A
Date:06/15/26
The score is driven primarily by solid fundamentals (growth, profitability, and strong operating cash generation) despite uneven margins and volatile free cash flow. Technicals are supportive with a clear uptrend, while valuation is the main constraint due to a ~26 P/E and minimal dividend yield.
Positive Factors
Steady Revenue Growth
Consistent top-line growth demonstrates durable demand for tertiary/quaternary services and expanding patient volumes. Over a 2-6 month horizon this underpins capacity utilization, supports investment in specialty lines, and provides a stable base for earnings and cash generation even if margins fluctuate.
Negative Factors
Margin Volatility
Inconsistent gross and operating margins signal structural cost pressures or adverse case-mix shifts. Persistent margin variability can erode long-term profitability, constrain ability to fund growth from earnings, and make margins sensitive to wage, supply, or pricing pressures over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Steady Revenue Growth
Consistent top-line growth demonstrates durable demand for tertiary/quaternary services and expanding patient volumes. Over a 2-6 month horizon this underpins capacity utilization, supports investment in specialty lines, and provides a stable base for earnings and cash generation even if margins fluctuate.
Read all positive factors
Kovai Medical Center & Hospital Ltd. (KOVAI) vs. iShares MSCI India ETF (INDA)
Market Cap
₹66.11B
Dividend YieldN/A
Average Volume (3M)N/A
Price to Earnings (P/E)27.3
Beta (1Y)0.50
Revenue Growth15.71%
EPS Growth15.24%
CountryIN
Employees5,286
SectorGeneral
Sector StrengthN/A
IndustryMedical - Care Facilities
Share Statistics
EPS (TTM)201.44
Shares Outstanding10,942,262
10 Day Avg. VolumeN/A
30 Day Avg. VolumeN/A
Financial Highlights & Ratios
PEG Ratio1.32
Price to Book (P/B)4.17
Price to Sales (P/S)3.47
P/FCF Ratio53.83
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Kovai Medical Center & Hospital Ltd. Business Overview & Revenue Model
Company Description
Kovai Medical Center and Hospital Limited, founded in 1985 and based in Coimbatore, India, provides a comprehensive suite of hospital and educational services. The company operates through two primary divisions: Healthcare Services and Education S...
How the Company Makes Money
KOVAI primarily makes money by delivering hospital-based healthcare services and charging patients (or their insurers/employers/government schemes) for medical treatment. Key revenue streams typically include: (1) Inpatient services: room/bed char...
Kovai Medical Center & Hospital Ltd. Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
74
Positive
Cash Flow
70
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 14.29B | 15.86B | 13.71B | 12.20B | 10.19B | 9.04B |
| Gross Profit | 6.73B | 5.01B | 4.63B | 6.23B | 7.36B | 6.48B |
| EBITDA | 4.28B | 4.39B | 4.08B | 3.62B | 2.88B | 2.72B |
| Net Income | 2.20B | 2.44B | 2.09B | 1.80B | 1.16B | 1.04B |
Balance Sheet | ||||||
| Total Assets | 0.00 | 20.66B | 18.00B | 14.38B | 14.42B | 13.43B |
| Cash, Cash Equivalents and Short-Term Investments | 2.71B | 3.53B | 2.71B | 2.08B | 2.47B | 1.96B |
| Total Debt | 0.00 | 4.03B | 4.15B | 3.10B | 5.11B | 5.50B |
| Total Liabilities | -10.86B | 7.47B | 7.14B | 5.50B | 7.23B | 7.33B |
| Stockholders Equity | 10.86B | 13.19B | 10.86B | 8.89B | 7.19B | 6.09B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 1.02B | -294.49M | 2.06B | 1.36B | 1.63B |
| Operating Cash Flow | 0.00 | 3.54B | 3.24B | 3.44B | 2.63B | 2.62B |
| Investing Cash Flow | 0.00 | -2.51B | -3.52B | -1.38B | -1.27B | -990.95M |
| Financing Cash Flow | 0.00 | -295.91M | 913.67M | -2.43B | -857.03M | -1.19B |
Kovai Medical Center & Hospital Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | ₹66.11B | 27.32 | ― | ― | 15.71% | 15.24% | |
71 Outperform | ₹35.59B | 19.03 | ― | 0.96% | 9.30% | 14.06% | |
66 Neutral | ₹95.39B | 49.34 | ― | 0.14% | 18.88% | 0.27% | |
65 Neutral | ₹41.22B | 39.36 | ― | 0.16% | 15.40% | 19.65% | |
63 Neutral | ₹83.39B | 46.09 | ― | ― | 36.20% | 27.59% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
50 Neutral | ₹18.62B | 51.99 | ― | 0.59% | 5.01% | 618.23% |
* General Sector Average
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Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.