Chennai Meenakshi Multispeciality Hospital Limited (CMMHOSP.BO) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-9.0%

₹33.23

vs ₹36.50 price

Levered DCF

₹28.53

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

—

Rating

Overall 2 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	-22.01×	-16.7×	-64.56×	15.59×	4.35×	-5.83×	10.14×	171.74×
P/B	-7.99×	-12.14×	-83.93×	113.94×	-22.26×	-1.53×	-1.57×	-2.02×
P/S	0.66×	0.66×	0.72×	0.36×	0.55×	0.37×	0.22×	0.38×
EV / EBITDA	35.59×	46.45×	16.58×	5.95×	4.02×	13.54×	6.6×	9.28×
Gross margin	50.5%	50.6%	75.3%	75.0%	69.3%	64.8%	67.1%	66.6%
Operating margin	-3.7%	-3.9%	1.5%	4.5%	14.4%	-3.6%	4.8%	4.1%
Net margin	-3.0%	-3.9%	-1.1%	2.3%	12.7%	-6.4%	2.2%	0.2%
Current ratio	0.67×	0.53×	0.65×	0.73×	0.66×	0.5×	0.48×	0.42×
Debt / equity	-3.46×	-5.63×	-34.86×	87.39×	-13.68×	-2.41×	-3.22×	-2.96×
Interest coverage	-1.51×	-1.5×	0.63×	1.93×	4.56×	-0.62×	0.87×	0.67×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	36.3%	72.8%	130.5%	732.3%	-511.8%	26.2%	-15.4%	-1.2%
Return on invested capital	-14.6%	-12.8%	-19.1%	10.6%	42.2%	-9.5%	14.2%	-41.0%
Return on assets	-5.3%	-6.1%	-1.9%	4.0%	18.6%	-6.5%	2.8%	0.3%
Free cash flow yield	-0.6%	6.1%	-0.4%	13.4%	9.0%	41.5%	34.2%	17.2%
Earnings yield	-4.5%	-6.0%	-1.6%	6.4%	23.0%	-17.2%	9.8%	0.6%
Enterprise value	₹299.7M	₹301.4M	₹361.2M	₹199.5M	₹246.8M	₹156.5M	₹161.6M	₹195.7M
Net debt / EBITDA	6.39×	11.14×	3.96×	1.82×	1.2×	7.25×	4.31×	5.32×
Cash conversion cycle (days)	-13	-16	-11	-48	-47	-30	-3	-13