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Rainbow Childrens Medicare Ltd share Price Today

Company details

1,297.25
1,362.15
925.00
1,649.00
6M Return 19.75%
1Y Return 40.21%
Mkt Cap.(Cr) 13,275.95
Volume 321,529
Div Yield 0.23%
OI
-
OI Chg %
-
Volume 321,529

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Significant beat across all parameters...
About The Stock

    Rainbow Children’s Medicare (RCML) is a leading chain of paediatric multi-speciality and perinatal hospitals in India, operating 16 hospitals and
    three clinics in six cities, with a total bed capacity of 1,655 beds.
    • Paediatric: Perinatal revenues break-up- 70:30
    • Revenue, EBITDA grew at CAGR of 21.3%, 24.2%, respectively, in FY19-23
    • Healthy return ratios with last three-year’s average RoE, RoCE of 15.1%,
    15.2%, respectively
    • RCML registered blended ARPOB of ₹ 48,932 with occupancy at 55.40% and
    ALOS at 2.76 days for FY23

Q4FY23

    Significant beat across all parameters.
    • Rainbow Childrens revenue grew 3.4% QoQ to ₹ 317 crore led by
    occupancy levels in matured hospitals, which reached 67.18%
    • EBITDA de-grew 8.2 % to ₹ 98 crore
    • PAT came in at ₹ 53.6 crore

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Research view on more stocks

Healthcare Facilities company Rainbow Childrens Medicare announced Q4FY24 & FY24 results:

  • Board recommends final dividend of 30% per Equity Share of Face Value Rs 10 amounting to Rs 304.5 million [Dividend Rs 3 per equity share]
  • Project Status update:
    • Development of the spoke hospital at Hennur, Bengaluru (~60 beds) and the regional spoke hospital at Rajahmundry (~100 beds) is progressing well and will be completed in the next 12 months. Both the hospitals are likely to commence operations in Q4FY25.
    • For the regional spoke hospital at Coimbatore, the project work has just started and is expected to commence operations in 24 months.
  • The company has received the possession letter for the land parcels at Gurugram at sector 44 and 56 respectively. The company expects the ground breaking in next 3-4 months.
  • The company continued to have strong balance sheet and have cash & cash equivalent, fixed deposits and mutual fund investments aggregating to Rs 5,159 million as of March 31, 2024, which will be deployed for the ongoing capex plan of the company. Based on the present cash flow and expected internal accrual in the coming years, the company expects to complete all the planned capex with internal accruals and balance IPO funds.
  • During the quarter, company has spent Rs 504 million for the capex.

Commenting on the performance for Q4FY24 Dr. Ramesh Kancharla, Chairman & Managing Director, Rainbow Children’s Medicare said, “We had a significant quarter with three new hospitals commissioned in a span of three months. Our project and operations team have worked exceedingly well to ensure that all the projects were commissioned on time. With major expansion completed, we are solely focused on building and strengthening operations at newly commissioned hospitals and add services at existing units to propel them to new areas of growth”

Result PDF

View Other Company Results

Rainbow Childrens Medicare Ltd shares SWOT Analysis

Strengths (6)

  • Company with No Debt
  • Increasing Revenue every quarter for the past 3 quarters
  • Annual Net Profits improving for last 2 years

Weakness (5)

  • MFs decreased their shareholding last quarter
  • Inefficient use of shareholder funds - ROE declining in the last 2 years
  • Declining profits every quarter for the past 2 quarters

Opportunity (0)

Data not found

Threats (2)

  • High PE (PE > 40)
  • Increasing Trend in Non-Core Income

Resistance and support

R1 1,347.7
R2 1,387.4
R3 1,412.6
Pivot

1,322.45

S1 1,282.8
S2 1,257.6
S3 1,217.9
EMA SMA
1,302.8
1,305.7
1,275.3
1,192.5
1,289.6
1,333.6
1,284.7
1,190.0
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
BNP PARIBAS ARBITRAGE Bulk Purchase 2023-09-15 1025.22 1568 NSE
BNP PARIBAS ARBITRAGE Bulk Sell 2023-09-15 1023.22 655246 NSE
STICHTING DEPOSITARY APG EMERGING MARKETS EQUITY POOL Bulk Purchase 2022-12-05 735 1511300 NSE
Name Category Shares
RAMESH KANCHARLA PROMOTER 31.03%
CHIRLA DINESH KUMAR PADMARAO PROMOTER 6.54%
ADARSH KANCHARLA PROMOTER 6.02%
RAMESH KANCHARLA (KANCHARLA FAMILY TRUST) PROMOTER 5.1%
CHIRLA DINESHKUMAR PADMA RAO (SAI GEETA DINESH TRUST) PROMOTER 1.02%

OUR RESEARCH VIEW

Investment recommendation
Significant beat across all parameters...
Call Date
15 May 2023
Entry Price 870.00
Target Price 900.00
Duration
12-18 Month

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
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Profit after Tax
PE
Debt/Equity
P BV

Rainbow Childrens Medicare Ltd Stocks COMPARISON

Financials( in Cr) Rainbow Childrens Medicare Ltd Apollo Hospitals Enterprise Ltd Max Healthcare Institute Ltd Fortis Healthcare Ltd Global Health Ltd
Price 1,307.95 6,206.20 890.05 483.00 1,277.40
% Change -1.64 0.61 2.25 3.18 2.75
Mcap Cr 13,275.95 89,235.85 86,505.03 36,464.47 34,299.08
Revenue TTM Cr 1,173.57 16,612.50 4,831.37 6,537.06 2,694.25
Net Profit TTM Cr 212.38 887.50 1,103.51 632.98 326.08
PE TTM 61.21 99.42 81.88 62.26 71.77
1 Year Return 40.21 26.02 57.02 70.10 106.05
ROCE 24.07 14.16 13.85 7.51 16.49
ROE 25.72 15.04 16.12 6.79 16.13
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 1,059.91 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 35,930.46 -6,140.05
LAST 3M 112,173.55 -45,499.40
LAST 6M 183,830.47 -16,034.02
LAST 12M 290,122.07 99,526.79

Rainbow Childrens Medicare Ltd Information

Stock PE (TTM)
61.21
Promoter Holding
49.83%
Book Value
124.0306
ROCE
24.07%
ROE
25.72%
Description
  • Rainbow Childrens Medicare Limited was originally incorporated as `Rainbow Children`s Medicare Private Limited` under as a Private Limited Company pursuant to a Certificate of Incorporation dated August 7, 1998, issued by the Registrar of Companies, Hyderabad at Telangana. Subsequently, the Company converted into a Public Limited Company, and name of the Company changed to `Rainbow Children`s Medicare Limited` vide a fresh Certificate of Incorporation issued by the RoC on November 20, 2021. The Company is a leading chain of multi-specialty pediatric, and obstetrics & gynecology hospitals in India, operating 16 hospitals and three clinics in six cities, with a total bed capacity of 1,655 beds, five of which are NABH-accredited and three of which have 183 received EDGE certification. The core specialties are Pediatrics and Obstetrics & Gynecology and emergency services. Its Pediatric Services include newborn and pediatric intensive care, pediatric multi-specialty services, pediatric Quaternary care (including multi-organ transplants); whereas, Obstetrics & Gynecology services include normal and complex obstetric care, multi-disciplinary fetal care, perinatal genetic and fertility treatment. Rainbow has been pivotal in saving thousands of children. Its inpatient specialties for child care includes Neonatology, Pediatric Intensive Care, Neonatal Intensive Care, Neurology, Gastroenterology, Nephrology, Hematology and Oncology, Pediatric Surgery, Cardiology and Nutrition. The Company was founded on a model of full-time, exclusive doctor led, 24/7 pediatric healthcare delivery, and a significant number of doctors have experience with this same model while training in other countries such as the United Kingdom, United States, Canada and Australia. It also established robust patient retrieval services in and around Hyderabad to retrieve neonates and children from nearby districts to the hub hospital in Hyderabad. Apart from this, the Company follow a doctor engagement model whereby, most of the core specialists work exclusively at hospitals on a full-time retainer basis. This model ensures that most of core specialists are available 24/7 at the hospitals, which is particularly important for children`s emergency, neonatal and pediatric intensive care services. Rainbow Children`s Hospital and BirthRight by Rainbow is an exclusive woman and child care hospital with a nationwide footprint. Its full-spectrum, consultant-led woman and child care services are driven by 22 years of experience and have transformed the lives of women and children across the cities of Hyderabad, Vijayawada, Bengaluru, Delhi, Chennai, and Visakhapatnam. In 1999, Dr. Ramesh Kancharla, the founding Promoter of the Company established first pediatric specialty hospital in 1999 with a 50-bed pediatric hospital in Hyderabad, to address the opportunity to provide pediatric healthcare in the City of Hyderabad. The aim was to provide comprehensive neonatal, pediatric intensive care and pediatric sub-specialty services to children. Since then, under the leadership of Dr. Ramesh Kancharla, Founding Promoter, it established reputation as a leader in multi-specialty pediatric services, with strong clinical expertise in managing complex diseases. The Company has also expanded its operations to include obstetrics and gynecology services, whereby it offer comprehensive perinatal services to patients. In 2005, the Company expanded Banjara Hills Facility to Pediatric Tertiary Care Centres. In 2007, the Company established Hospital at Vijayawada. It started perinatal services by providing comprehensive perinatal care which was backed by teamwork, round the clock availability of obstetricians, anesthesiologists, neonatologists and maternal intensive care services. In 2009, the Company established Hospital at Vikrampuri. In 2010, the Company inaugurated Opening of outpatient clinic at Madhapur. It established IVF hub at Madhapur and hospital at Kondapur. In 2015, the Company established hospitals at Hydernagar and Marathalli respectively. In 2016, the Company established Hospitals at Bangalore and Hyderabad. In 2017, Madhukar Rainbow Hospital at New Delhi commenced operations. In 2018, the Company established Hospital at Guindy, in Chennai. During the year 2019, the Company started outpatient and IVF facility at Kondapur. It commenced commenced providing pediatric Quaternary Care Services at Banjara Hills in Hyderabad. In 2020, the Company established hospitals at Bengaluru and Vizag. In May 2021, the Company moved from an old facility to a new facility for its hospital at Vikrampuri, in Hyderabad. During 2021-22, the Company came out with an Initial Public Offering aggregating 29,168,579 Equity Shares, by issuing 51,67,679 Equity Shares through a fresh issue and 24,000,900 Equity Shares through offer for sale. The IPO comprised of raising capital Rs 280 Crore through fresh issue and Rs 1300 crore through offer for sale, which completed in April, 2022 and resulting to this, the Equity Shares of the Company were listed on National Stock Exchange of India Limited (NSE) and BSE Limited effective May 10, 2022. In 2022, the Company started Organ Transplantation work at its Hyderabad Hub. In 2023, the Company inaugurated inaugurated a new hospital with 100 beds in the Financial District of Hyderabad, as well as a 55-bed hospital in Sholinganallur (OMR), Chennai. A brownfield spoke hospital with approximately 80 beds was acquired in Sarjapur, Bengaluru in FY23.

Registered Address

8-2-120/103/1 Survey No 403, Road No 2 Banjara Hills, Hyderabad, Telangana, 500034

Tel : 91-40-49695244
Email : companysecretary:rainbowhospitals.in
Website : http://www.rainbowhospitals.in
Registrar

KFin Techologies Ltd

AGM Date (Month) : Jun
Face Value Equity Shares : 10
Market Lot Equity Shares : 1
BSE Code : 543524
NSE Code : RAINBOW
Book Closure Date (Month) :
BSE Group : A
ISIN : INE961O01016

FAQ’s on Rainbow Childrens Medicare Ltd Shares

You can buy Rainbow Childrens Medicare Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Rainbow Childrens Medicare Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Jun 13, 2024 03:55 PM the closing price of Rainbow Childrens Medicare Ltd was Rs.1,307.95.

The latest PE ratio of Rainbow Childrens Medicare Ltd as of Jun 13, 2024 03:55 PM is 61.21

The latest PB ratio of Rainbow Childrens Medicare Ltd as of Jun 13, 2024 03:55 PM is 0.09

The 52-week high of Rainbow Childrens Medicare Ltd share price is Rs. 1,649.00 while the 52-week low is Rs. 925.00

According to analyst recommendations, Rainbow Childrens Medicare Ltd Share has a "Buy" rating for the long term.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of Jun 13, 2024 03:55 PM, the market cap of Rainbow Childrens Medicare Ltd stood at Rs. 13,275.95.

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