Healthcare Services
Krishna Institute of Medical Sciences Limited provides medical and health care services under the KIMS Hospitals brand name in India. The company offers range of specialties, including cardiac, dental, neuro, oncological, orthopedic, renal, reproductive, and robotic sciences, as well as gastroenterology and hepatology, heart and lung transplant, organ transplantation, mother and childcare, and pediatrics services. It focuses on accident, biochemistry, anesthesiology, bariatric surgery, andrology and infertility, arthroscopy, Alzheimer's, bone, joint center specialties, and others. In addition, the company provides medical procedures for aneurysm, ankle arthritis and total ankle replacement, anterior cervical discectomy and fusion surgery, anterior resection, aortic aneurysm, aortic stent graft, aortic valve replacement, arthroscopy, atrial septal defect, bariatric surgery, and others. Krishna Institute of Medical Sciences Limited was incorporated in 1973 and is based in Secunderabad, India.
Valuation | |
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Market Cap | 26.86 kCr |
Price/Earnings (Trailing) | 70.7 |
Price/Sales (Trailing) | 9.25 |
EV/EBITDA | 34.66 |
Price/Free Cashflow | -175.65 |
MarketCap/EBT | 51.26 |
Fundamentals | |
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Revenue (TTM) | 2.9 kCr |
Rev. Growth (Yr) | 29.73% |
Rev. Growth (Qtr) | 1.01% |
Earnings (TTM) | 379.89 Cr |
Earnings Growth (Yr) | 20.83% |
Earnings Growth (Qtr) | -23.36% |
Profitability | |
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Operating Margin | 18.05% |
EBT Margin | 18.05% |
Return on Equity | 16.64% |
Return on Assets | 8.3% |
Free Cashflow Yield | -0.57% |
Buy Backs: Company has bought back it's stock in the past which is a good thing.
Balance Sheet: Strong Balance Sheet.
Size: Market Cap wise it is among the top 20% companies of india.
Momentum: Stock price has a strong positive momentum. Stock is up 10.1% in last 30 days.
Smart Money: Smart money has been increasing their position in the stock.
Profitability: Recent profitability of 13% is a good sign.
Growth: Awesome revenue growth! Revenue grew 18.3% over last year and 124.9% in last three years on TTM basis.
Dividend: Stock hasn't been paying any dividend.
Comprehensive comparison against sector averages
KIMS metrics compared to Healthcare
Category | KIMS | Healthcare |
---|---|---|
PE | 71.05 | 37.86 |
PS | 9.30 | 6.83 |
Growth | 18.3 % | -1.3 % |
KIMS vs Healthcare (2022 - 2025)
Investor Care | |
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Shares Dilution (1Y) | 0.00% |
Diluted EPS (TTM) | 8.7 |
Financial Health | |
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Current Ratio | 0.95 |
Debt/Equity | 0.78 |
Summary of Krishna Institute of Medical Sciences's latest earnings call, featuring management's outlook on business performance, financial results, and analyst Q&A sessions that highlight key strategic initiatives and market challenges.
Last updated: Feb 25
Outlook and Major Points from KIMS Management:
1. Expansion and Growth Plans:
2. Financial Guidance:
3. Operational Efficiency:
4. Market Dynamics:
5. One-Time Impacts:
6. Leadership & Governance:
Management remains focused on disciplined expansion, margin improvement, and leveraging technology for sustainable growth.
Last updated: Feb 25
Question: My first question is on the Maharashtra cluster. Is there any one-off there? I see a sharp decline in the EBITDA margins here. And what could be the EBITDA loss in the Nashik unit?
Answer: The Maharashtra cluster's EBITDA decline was due to seasonal impacts in Nagpur and a one-off provision/write-off of ~INR 3.5 crore. Nashik's quarterly loss was INR 5 crore, with breakeven expected by Q2/Q3 FY26.
Question: Could you please provide some colour on corporate overheads? Has there been a surge due to new hiring, and how will this trend?
Answer: Corporate overheads did not rise materially except for one-time expenses (INR 8"“9 crore) for provisions/write-offs. Preoperative costs for new clusters (e.g., Bangalore) are not yet impacting P&L.
Question: How should we think about ARPOB growth in Telangana and AP clusters for FY26/27?
Answer: ARPOB growth will continue through reduced ALOS (targeting 3.3"“3.4 days vs. 3.5) and case-mix improvements. Growth rates align with historical trends.
Question: What is the performance update on Sunshine Hospitals (Telangana cluster)?
Answer: Sunshine reported Q3 revenue of INR 150 crore (vs. INR 158 crore in Q2) and EBITDA of INR 40 crore (vs. INR 48 crore). Occupancy remains stable, with Begumpet performing well.
Question: How is KIMS perceived"”as multi-specialty or focused on specific therapies?
Answer: KIMS is viewed as multi-specialty, with cardiac (17"“18%) and other specialties (9"“10% each) contributing diversely. No single specialty dominates revenue.
Question: What are the timelines and ARPOB expectations for Kerala units (Kollam, Thrissur)?
Answer: Kollam will rebrand by April 2025, targeting tertiary care. Thrissur starts in 12"“15 months. Mature ARPOB for Kerala hospitals is projected at ~INR 30,000"“33,000, similar to Nagpur.
Question: How has Queen's NRI (AP cluster) performed post-acquisition?
Answer: Queen's NRI is EBITDA-neutral with 35"“40% occupancy. Renovations and doctor onboarding (completed by Feb/March 2025) will drive FY26 ramp-up.
Question: What is the loss guidance for new hospitals (Thane, Bangalore) in FY26?
Answer: Each new hospital (Thane, Bangalore 1 & 2) may incur INR 10"“15 crore EBITDA loss in FY26, totaling ~INR 30"“45 crore. Losses taper by FY27.
Question: How will debt and interest costs trend amid expansions?
Answer: Debt stands at INR 1,550 crore (Dec 2024), peaking at ~INR 1,750 crore. Debt/EBITDA remains under 2x, with normalization post-2026 as new units mature.
Question: What is KIMS' medical tourism strategy and revenue contribution?
Answer: International patient revenue is INR 40"“50 crore annually (Telangana). Bangalore and Thane expansions aim to boost this to INR 100"“150 crore, though EBITDA contribution remains minimal currently.
Question: Why is oncology delayed in new Kerala/Maharashtra hospitals?
Answer: Nashik excludes oncology due to contractual terms. Kerala's existing facilities lack space, but greenfield projects (e.g., Bangalore, Thane) include oncology from Day 1.
Question: Can AP cluster margins match Telangana's (30%+)?
Answer: AP margins (24% YTD) may reach 30% in 2"“3 years as oncology/mother-child care ramp up. Structural gaps (e.g., Tier-2 markets) may sustain a ~300"“400 bps difference.
Understand Krishna Institute of Medical Sciences ownership landscape with insights into key distribution patterns, offering investors a clear view of stakeholder dynamics.
Shareholder Name | Holding % |
---|---|
Bhaskara Rao Bollineni | 26.27% |
SBI Small Cap Fund | 6.31% |
Bluebridge Capital Private Limited | 6.05% |
Axis Mutual Fund Trustee Limited A/C Axis Mutual Fund A/C Axis Small Cap Fund | 5.17% |
Hdfc Small Cap Fund | 4.49% |
Bollineni Seenaiah Naidu | 4.27% |
Sbi Life Insurance Co. Ltd | 3.52% |
Kotak Small Cap Fund | 3.07% |
Lilac Investments Limited | 1.96% |
Amansa Holdings Private Limited | 1.93% |
Nomura India Investment Fund Mother Fund | 1.72% |
Rajyasri Bollineni | 1.72% |
Nippon Life India Trustee Ltd-A/C Nippon India Small Cap Fund | 1.67% |
Tata Aia Life Insurance Co Ltd-Whole Life Mid Cap Equity Fund-Ulif 009 04/01/07 Wle 110 | 1.4% |
Venkata Krishna Kumar Kodali | 1.26% |
Hdfc Life Insurance Company Limited | 1.19% |
B Krishnaiah | 0.22% |
Bollineni Aishwarya | 0.18% |
Abhinay Bollineni | 0.06% |
Sujatha Bollineni | 0.04% |
Distribution across major stakeholders
Distribution across major institutional holders
Detailed comparison of Krishna Institute of Medical Sciences against industry peers, highlighting key financial metrics, valuation ratios, and performance indicators to provide competitive context within the sector.
Ticker | Name | Mkt Cap | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
---|---|---|---|---|---|---|---|---|---|
APOLLOHOSP | Apollo Hospitals EnterprisesHospital | 1.01 LCr | 21.31 kCr | +6.39% | +8.65% | 75.09 | 4.75 | +15.13% | +64.06% |
FORTIS | Fortis HealthcareHospital | 50.97 kCr | 7.62 kCr | +1.39% | +47.16% | 61.83 | 6.69 | +12.17% | +42.06% |
NH | Narayana HrudayalayaHospital | 36.75 kCr | 5.48 kCr | +9.70% | +41.17% | 46.87 | 6.71 | +8.88% | +1.56% |
MEDANTA | Global HealthHospital | 32.26 kCr | 3.65 kCr | -0.46% | -15.57% | 63.6 | 8.83 | +12.56% | +12.29% |
HCG | HealthCare Global EnterprisesHospital | 7.75 kCr | 2.16 kCr | +8.06% | +56.37% | 118.29 | 3.58 | +15.26% | +178.69% |