KOVAI
Kovai Medical Center & Hospital share price & financials
- Price
- ₹5,986
- Market cap
- ₹6.8k Cr
- Sector
- Healthcare
What Kovai Medical Center & Hospital Limited does
Kovai Medical Center and Hospital Limited (KMCH) operates a multi-speciality hospital business centred in Coimbatore, Tamil Nadu, earning revenue from in-patient and out-patient clinical services across specialities such as cardiology, oncology, neurology, urology, ENT, gynaecology, paediatrics, gastroenterology and haematology, including kidney and liver transplant programs. The group grew from a 250-bed facility about 35 years ago into a 2,000-bed hospital and also runs the Sulur Multi-Speciality Hospital as a second campus. It has diversified into medical education, running an affiliated medical college alongside the hospital, and offers nursing, dietary and allied health sciences training.
- Bed capacity (main campus)
- 2,000 beds
- Hospital campuses
- Main Coimbatore campus plus the Sulur Multi-Speciality Hospital campus
- Accreditation
- NABH-accredited (National Accreditation Board for Hospitals and Healthcare Providers)
- Affiliated medical education institution
- Operates its own medical college alongside the hospital, plus nursing, dietary and allied health sciences courses
- Clinical specialities
- Multi-speciality care spanning cardiology, oncology, neurology, urology, ENT, gynaecology, paediatrics, gastroenterology and haematology, plus emergency care
- Transplant programs
- Kidney transplant and liver transplant programs
Quarterly results
Q1 FY27: revenue up 15.2%, net profit up 21.1% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 344 | 355 | 357 | 374 | 392 +14% | 407 +15% | 414 +16% | 431 +15% |
| EBITDA | 96 | 103 | 101 | 106 | 107 +11% | 116 +13% | 111 +10% | 124 +17% |
| Net profit | 51 | 58 | 55 | 57 | 59 +16% | 65 +12% | 63 +15% | 69 +21% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance +140.8% 1Y
1Y: ₹2,576.65 on 25 Oct 2023 → ₹6,203.5. High ₹6,292 (10 Sept 2026), low ₹2,576.65 (25 Oct 2023).
Financials, as filed
Revenue grew 15.9% a year over 3 years, FY23 to FY26. Operating margin widened to 27.7%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹1.0k Cr | ₹1.2k Cr | ₹1.4k Cr | ₹1.6k Cr |
| Operating profit | ₹268 Cr | ₹341 Cr | ₹386 Cr | ₹440 Cr |
| Operating margin | 26.3% | 28.0% | 28.2% | 27.7% |
| Interest | ₹40 Cr | ₹32 Cr | ₹33 Cr | ₹32 Cr |
| Depreciation | ₹89 Cr | ₹92 Cr | ₹98 Cr | ₹110 Cr |
| Net profit | ₹116 Cr | ₹179 Cr | ₹210 Cr | ₹244 Cr |
| Net margin | 11.4% | 14.7% | 15.3% | 15.4% |
| Cash from operations | ₹263 Cr | ₹344 Cr | ₹335 Cr | ₹362 Cr |
| Free cash flow | ₹136 Cr | ₹206 Cr | ₹-18 Cr | ₹111 Cr |
| ROCE | 17.0% | 23.0% | 23.0% | 23.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹11 Cr | ₹11 Cr | ₹11 Cr | ₹11 Cr | ₹11 Cr | ₹11 Cr |
| Reserves | ₹499 Cr | ₹598 Cr | ₹708 Cr | ₹878 Cr | ₹1.2k Cr | ₹1.3k Cr |
| Borrowings | ₹623 Cr | ₹550 Cr | ₹511 Cr | ₹310 Cr | ₹399 Cr | ₹403 Cr |
| Other liabilities | ₹148 Cr | ₹184 Cr | ₹209 Cr | ₹240 Cr | ₹328 Cr | ₹345 Cr |
| Total liabilities | ₹1.3k Cr | ₹1.3k Cr | ₹1.4k Cr | ₹1.4k Cr | ₹1.9k Cr | ₹2.1k Cr |
| Fixed assets | ₹1.0k Cr | ₹1.1k Cr | ₹1.1k Cr | ₹1.1k Cr | ₹1.3k Cr | ₹1.5k Cr |
| Capital work in progress | ₹45 Cr | ₹5 Cr | ₹23 Cr | ₹39 Cr | ₹224 Cr | ₹135 Cr |
| Investments | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹1 Cr |
| Other assets | ₹203 Cr | ₹253 Cr | ₹328 Cr | ₹282 Cr | ₹406 Cr | ₹458 Cr |
| Total assets | ₹1.3k Cr | ₹1.3k Cr | ₹1.4k Cr | ₹1.4k Cr | ₹1.9k Cr | ₹2.1k Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, the public added +0.33 pp while DIIs trimmed −0.28 pp. The shareholder count grew 10% to 19,362.
- Promoters
- 56.5%
- FIIs
- 1.3%
- DIIs
- 4.2%
- Public
- 38.0%
Since Jun 2025
- Public +0.33 pp
- DIIs −0.28 pp
- Promoters −0.02 pp
How it drifted, 12 quarters
Over this window DIIs went from 2.1% to 4.2% — +2.1 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 56.4%, FIIs 2.3%, DIIs 2.1%, Public 39.2%.Dec '23: Promoters 56.4%, FIIs 2.2%, DIIs 2.1%, Public 39.2%.Mar '24: Promoters 56.5%, FIIs 0.3%, DIIs 4.2%, Public 39.0%.Jun '24: Promoters 56.5%, FIIs 0.3%, DIIs 4.3%, Public 38.9%.Sep '24: Promoters 56.5%, FIIs 0.4%, DIIs 4.4%, Public 38.7%.Dec '24: Promoters 56.5%, FIIs 0.6%, DIIs 4.4%, Public 38.5%.Mar '25: Promoters 56.5%, FIIs 1.1%, DIIs 4.0%, Public 38.3%.Jun '25: Promoters 56.5%, FIIs 1.3%, DIIs 4.5%, Public 37.6%.Sep '25: Promoters 56.5%, FIIs 1.3%, DIIs 4.9%, Public 37.3%.Dec '25: Promoters 56.5%, FIIs 1.3%, DIIs 4.7%, Public 37.4%.Mar '26: Promoters 56.5%, FIIs 1.2%, DIIs 4.5%, Public 37.8%.Jun '26: Promoters 56.5%, FIIs 1.3%, DIIs 4.2%, Public 38.0%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Mallika Murugaiyan +0.64 pp 0.73% held
The same filing shows 2 holders trimming and 1 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of Kovai Medical Center & Hospital Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Kovai Purani Finance Private Limited | 36.97% | unchanged |
| Thavamani Devi Palaniswami | 11.51% | unchanged |
| Pavai Property Developers Private Limited | 4.77% | unchanged |
| DSP Healthcare Fund Mutual fund | 1.54% | −0.09 pp |
| Investor Education And Protection Fund Authority Ministry Of Corporate Affairs | 1.44% | −0.06 pp |
| Balasundaram. S | 0.79% | unchanged |
| Mallika Murugaiyan | 0.73% | +0.64 pp |
| Mathura V Palaniswami | 0.67% | unchanged |
| Vani V Thirumoorthi | 0.65% | unchanged |
| Purani P Palaniswami | 0.09% | unchanged |
| Mohan S Gounder | 0.09% | unchanged |
| Palaniswami N | 0.09% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
What the price assumes
AttractiveTo justify its price of ₹6204, this stock must grow earnings at 19% every year for 7 years. Our analysis caps realistic growth at ~28%. At that growth it is worth ₹10150 — upside of 64%.
- Growth the price implies
- 18.6% a year
- for 7 years, fading to 4%
- It has actually compounded at
- 28.1% a year
- net profit, FY23–FY26 · EPS 28.3%
- The gap
- -0.1 pp
- 64% downside if it only repeats history
Learn to analyse Kovai Medical Center & Hospital Limited
Guides on how to read this kind of business and the numbers that matter.