KMC Speciality Hospitals (India) Limited (KMCSHIL.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

-104.8%

-₹7.13

vs ₹148.70 price

Levered DCF

-₹14.34

After debt service

Piotroski score

6 / 9

Average

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	27.44×	47.47×	45.74×	35.09×	38.38×	27.95×	17.39×	30.19×
P/B	6.09×	6.18×	9.68×	8.27×	10.46×	5.61×	4.03×	6.68×
P/S	4.19×	4.39×	7.88×	6.06×	6.71×	3.46×	2.14×	3.18×
EV / EBITDA	14.15×	18.27×	28.55×	22.04×	23.6×	15.06×	9.41×	16.55×
Gross margin	56.7%	54.9%	86.1%	85.2%	84.8%	23.6%	85.6%	25.1%
Operating margin	21.7%	16.4%	22.2%	22.3%	23.0%	17.0%	17.4%	14.7%
Net margin	15.3%	9.3%	17.2%	17.2%	17.5%	12.5%	12.3%	10.5%
Current ratio	1.9×	0.88×	0.72×	2.3×	2.18×	2.08×	1.43×	1.01×
Debt / equity	0.4×	0.54×	0.57×	0.44×	0.33×	0.46×	0.17×	0.26×
Interest coverage	7.98×	4.03×	24.78×	30.64×	31.77×	14.85×	14.62×	8.62×
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	22.2%	13.0%	21.2%	23.5%	27.3%	20.2%	23.2%	22.0%
Return on invested capital	16.3%	9.9%	12.9%	15.6%	19.7%	13.2%	19.6%	16.9%
Return on assets	14.1%	7.5%	11.5%	14.7%	18.4%	12.2%	16.8%	14.5%
Free cash flow yield	4.4%	-1.4%	-2.9%	-1.3%	1.7%	-4.3%	3.5%	4.8%
Earnings yield	3.6%	2.1%	2.2%	2.8%	2.6%	3.6%	5.8%	3.3%
Enterprise value	₹13.2B	₹11B	₹14.7B	₹9.9B	₹9.3B	₹3.8B	₹2.1B	₹2.7B
Net debt / EBITDA	0.36×	1.34×	1.5×	1.07×	0.68×	1.06×	0.33×	0.52×
Cash conversion cycle (days)	-8	-27	-67	-46	-46	3	-38	-111