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Kovai Medical Center & Hospital Ltd.
(KOVAI)
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Rating:70Outperform
Price Target:
₹6,824.00
Action:Reiterated
Date:09/16/26
The score is primarily driven by solid financial performance (steady growth, healthy profitability, and strong operating cash flow) and supportive technical trend signals (price above key moving averages with positive momentum). This is offset by less attractive valuation (P/E ~26.9 and very low dividend yield) and financial variability risks from margin pressure and uneven free cash flow.
Positive Factors
Steady revenue growth and profitability
Steady revenue expansion alongside a healthy net margin indicates continued demand for KMCH’s tertiary healthcare services and an established operating base. If maintained, this combination can support reinvestment in clinical capacity, diagnostics, and specialty offerings while strengthening earnings over the next several quarters.
Negative Factors
Margin volatility
Inconsistent profit scaling suggests that revenue growth is not translating reliably into stronger operating leverage. Persistent cost pressure or changes in service mix could constrain future margin expansion, making earnings growth less durable and increasing sensitivity to execution and pricing conditions.
Read all positive and negative factors
Positive Factors
Negative Factors
Steady revenue growth and profitability
Steady revenue expansion alongside a healthy net margin indicates continued demand for KMCH’s tertiary healthcare services and an established operating base. If maintained, this combination can support reinvestment in clinical capacity, diagnostics, and specialty offerings while strengthening earnings over the next several quarters.
Read all positive factors
Kovai Medical Center & Hospital Ltd. (KOVAI) vs. iShares MSCI India ETF (INDA)
Market Cap
₹65.67B
Dividend Yield0.25%
Average Volume (3M)595.00
Price to Earnings (P/E)26.1
Beta (1Y)0.52
Revenue Growth14.96%
EPS Growth14.62%
CountryIN
Employees6,885
SectorGeneral
Sector StrengthN/A
IndustryMedical - Care Facilities
Share Statistics
EPS (TTM)230.90
Shares Outstanding10,942,262
10 Day Avg. Volume526
30 Day Avg. Volume595
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, where applicable) for medical treatment and related services. Key revenue streams typically include...
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 | 16.42B | 15.86B | 13.71B | 12.20B | 10.19B | 9.04B |
| Gross Profit | 7.47B | 5.01B | 4.63B | 6.23B | 7.36B | 6.48B |
| EBITDA | 4.87B | 4.67B | 4.08B | 3.62B | 2.88B | 2.72B |
| Net Income | 2.53B | 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 | 3.45B | 3.47B | 2.71B | 2.08B | 2.47B | 1.96B |
| Total Debt | 0.00 | 4.03B | 4.15B | 3.10B | 5.11B | 5.50B |
| Total Liabilities | -13.19B | 7.47B | 7.14B | 5.50B | 7.23B | 7.33B |
| Stockholders Equity | 13.19B | 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. Technical Analysis
Neutral
―
Price Trends
6014.76
Negative
5860.03
Positive
5654.48
Positive
Market Momentum
1.56
Positive
44.80
Neutral
18.13
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:KOVAI, the sentiment is Neutral. The current price of undefined is equal to the 20-day moving average (MA) of 6112.39, equal to the 50-day MA of 6014.76, and equal to the 200-day MA of 5654.48, indicating a neutral trend. The MACD of 1.56 indicates Positive momentum. The RSI at 44.80 is Neutral, neither overbought nor oversold. The STOCH value of 18.13 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:KOVAI.
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 |
|---|---|---|---|---|---|---|---|
71 Outperform | ₹31.05B | 16.48 | ― | 1.18% | 10.92% | 12.12% | |
70 Outperform | ₹65.67B | 26.10 | ― | 0.25% | 14.96% | 14.62% | |
70 Outperform | ₹53.26B | 43.98 | ― | 0.13% | 14.96% | 20.76% | |
64 Neutral | ₹85.07B | 45.61 | ― | 0.08% | 18.23% | -2.62% | |
62 Neutral | ₹99.75B | 55.05 | ― | 0.05% | 44.00% | 24.10% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
46 Neutral | ₹14.46B | 37.73 | ― | 0.44% | 6.50% | ― |
* General Sector Average
IN:KOVAI
Kovai Medical Center & Hospital Ltd.
6,001.50
-233.48
-3.74%
IN:ARTEMISMED
Artemis Medicare Services Ltd.
336.45
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38.72%
IN:INDRAMEDCO
Indraprastha Medical Corporation Limited
338.75
-134.19
-28.37%
IN:JLHL
Jupiter Life Line Hospitals Ltd.
259.50
-37.77
-12.71%
IN:SHALBY
Shalby Ltd.
133.85
-130.80
-49.42%
IN:YATHARTH
Yatharth Hospital and Trauma Care Services Limited
1,035.25
254.16
32.54%
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.