Rainbow Children's Medicare Ltd

Rainbow Children's Medicare Ltd

₹ 1,246 -1.12%
28 Jun - close price
About

Rainbow Children's Medicare Limited operates a multi-specialty pediatric, obstetrics, and gynecology hospital chain in India. The company offers a wide range of services such as newborn and pediatric intensive care, pediatric multi-specialty services, pediatric quaternary care, obstetrics, and gynecology. [1] It is country’s largest pediatric hospital chain with 16 hospitals spread across 6 cities.[2]

Key Points

JCI Accredition[1]
Its a pediatric hospital at Hyderabad and Bengaluru and standalone fertility center BirthRight Fertility, Kondapur, Hyderabad are the first in India to be awarded JCI Accreditation.

  • Market Cap 12,646 Cr.
  • Current Price 1,246
  • High / Low 1,649 / 880
  • Stock P/E 58.8
  • Book Value 127
  • Dividend Yield 0.24 %
  • ROCE 18.9 %
  • ROE 18.1 %
  • Face Value 10.0

Pros

  • Company has delivered good profit growth of 29.2% CAGR over last 5 years

Cons

  • Stock is trading at 9.84 times its book value
  • Working capital days have increased from 71.5 days to 137 days

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Healthcare Industry: Healthcare

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
152 236 252 235 201 223 298 291 303 270 319 322 326
119 159 165 150 154 145 193 189 205 188 204 208 223
Operating Profit 33 77 87 85 47 77 105 102 98 83 114 114 103
OPM % 22% 33% 35% 36% 23% 35% 35% 35% 32% 31% 36% 35% 32%
3 3 5 6 7 6 3 8 9 8 9 8 12
Interest 12 12 12 11 15 13 12 13 13 14 13 14 16
Depreciation 18 18 19 20 21 20 21 21 22 24 25 26 31
Profit before tax 5 50 62 61 17 50 75 76 72 53 86 83 68
Tax % 8% 25% 25% 28% 17% 25% 26% 25% 22% 25% 25% 26% 26%
5 37 46 44 14 38 56 57 56 39 64 61 50
EPS in Rs 1.04 8.49 10.56 4.69 1.54 3.70 5.50 5.60 5.48 3.87 6.30 6.02 4.97
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
148 234 402 543 695 614 925 1,114 1,237
110 204 332 430 486 449 626 729 823
Operating Profit 39 30 70 112 209 166 299 385 413
OPM % 26% 13% 17% 21% 30% 27% 32% 35% 33%
10 16 10 8 12 12 21 27 37
Interest 2 3 4 6 46 44 53 55 56
Depreciation 7 18 28 36 65 68 77 84 105
Profit before tax 40 24 47 79 109 66 190 273 289
Tax % 33% 28% 22% 25% 35% 25% 25% 25% 26%
27 17 36 60 71 49 142 206 215
EPS in Rs 28.65 18.39 8.30 13.56 16.12 11.24 15.13 20.28 21.17
Dividend Payout % 7% 11% 12% 7% 12% 0% 13% 15% 14%
Compounded Sales Growth
10 Years: %
5 Years: 18%
3 Years: 26%
TTM: 11%
Compounded Profit Growth
10 Years: %
5 Years: 29%
3 Years: 63%
TTM: 3%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: 30%
Return on Equity
10 Years: %
5 Years: 20%
3 Years: 22%
Last Year: 18%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 9 9 44 44 44 44 94 102 102
Reserves 170 272 304 359 371 421 531 987 1,184
Preference Capital 6 11 11 11 11 11 11 0
6 13 13 50 469 484 548 538 735
36 51 84 102 128 120 112 132 130
Total Liabilities 221 346 445 555 1,012 1,070 1,285 1,759 2,150
54 123 293 333 663 722 813 891 1,225
CWIP 30 28 12 21 43 29 6 23 14
Investments 24 2 0 5 24 37 42 105 346
113 193 140 197 282 282 424 740 566
Total Assets 221 346 445 555 1,012 1,070 1,285 1,759 2,150

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
23 17 48 96 178 142 214 315 306
-21 -107 -42 -125 -123 -87 -169 -460 -214
-4 92 -7 31 -54 -56 -41 148 -97
Net Cash Flow -1 2 -2 2 1 -2 4 2 -4

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 11 10 14 19 19 27 16 19 21
Inventory Days 39 35 36 32 52 35 27 43 52
Days Payable 130 107 148 153 152 190 115 195 177
Cash Conversion Cycle -80 -62 -97 -102 -80 -128 -72 -133 -104
Working Capital Days -16 -30 -28 -5 9 12 -5 83 137
ROCE % 7% 20% 23% 12% 23% 24%

Shareholding Pattern

Numbers in percentages

2 Recently
Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
49.83% 49.83% 49.83% 49.83% 49.83% 49.83% 49.83% 49.83%
22.97% 15.89% 20.82% 19.82% 20.20% 21.63% 22.32% 24.04%
9.44% 10.25% 13.90% 15.38% 15.36% 15.39% 15.62% 14.76%
17.76% 24.02% 15.45% 14.98% 14.63% 13.14% 12.23% 11.37%
No. of Shareholders 1,66,06491,53079,22475,61174,69079,18780,47177,152

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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