Sector Alpha Week of 2026-07-24
Sector Alpha — machine-written from the numbers · Data as of 2026-07-24

Krishna Institute of Medical Sciences Ltd

KIMS
Hospitals

Krishna Institute of Medical Sciences Ltd's price has outrun its earnings. +5.5% in a year against EPS −37.3% — the market is paying now for delivery later.

The sharpest disagreement: the price moved +5.5% in a year while annual EPS moved −37.3% — the difference is re-rating, and re-rating has to be repaid with earnings.

The price is in a confirmed uptrend (10 weeks in) while the P/E sits at the 100th percentile of its own 5-year range. Underneath, the last four quarters read deteriorating — profit −68.9% year on year, and 163% of the last 3 years' profit arrived as cash. What settles it: whether earnings grow into a price that has already moved.

Stage
Mixed
partial read
Price
₹803
+5.5% 1Y
P/E
135.0×
100th pctile
of its own 5-year range
Revenue (Mar 26)
₹1,075 Cr
+34.9% YoY
Profit (Mar 26)
₹33.0 Cr
−68.9% YoY
Operating margin
19.0%
−6.0 pp YoY
ROCE
9%
FY26
Cash conversion
163%
of profit, last 3 FY
Withheld from this page: Part of this page is deliberately not drawn: its two data sources disagree by up to 27% on reported income across 14 comparable periods, so nothing from the second source is placed here — the PEG ratio and its quarterly curve, the quarterly return curves, the annual return-on-invested-capital overlay, the total-debt and debt-to-equity series and the F-score, the Z-score and the return-on-invested-capital reading are absent for that reason. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data. The quarterly history also begins where the primary source begins: 6 earlier quarters the second source carries are not spliced in front of it. Extending a reported profit series is stricter than showing a ratio chart — it needs a source that has been checked.
01 · Price story

Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.

Krishna Institute of Medical Sciences Ltd trades at ₹803, in a confirmed uptrend and 10 weeks into that stage. That is +12.8% against its own 200-day average. It sits at 82% of a 52-week range of ₹582 to ₹851. On relative strength it has been ahead of the NIFTY 500 on a trailing-13-week view for 29 straight weeks.

Today the stock is in a confirmed uptrend — week 10 of stage 2, confirmed. At ₹803 it trades +12.8% versus its 200-day average and sits at 82% of its 52-week range (₹582–₹851).

Jul 26: ₹803 Weekly closing price (₹) with 50- and 200-day averages; shaded bands mark the price stage (grey base, green advance, amber top, red decline). 3-year window.
+12.8% versus the 200-day line, week 10 of stage 2
Price50-day avg200-day avg
S2S2S4S2₹895₹735₹576₹417₹258₹803₹712Jul 23Apr 24Feb 25Nov 25Jul 26
S2S2S4S2₹895₹735₹576₹417₹258₹803₹712Jul 23Feb 25Jul 26
Beating or trailing, week by week since 2021 Each cell is one week from 2021 to now (270 weeks): the stock's trailing 13-week return minus the NIFTY 500's, green ahead / red behind (±25% ramp). Grey cells are the 13-week warm-up or weeks where the NIFTY 500 reading is not held.
trailing 13-week return vs the NIFTY 500
Jul 21Jul 26

Against the market, two honest reads. Cumulative: over the last 5.0 years the stock moved +294% while the NIFTY 500 moved +71% — ahead of the index over the full window. Recent form: on a trailing-13-week view the stock has been ahead for 29 straight weeks — the ribbon below is that same metric, week by week.

What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.

→ The trend is one thing; the bill is another. Are you paying up for it? Next: the P/E sits at the 100th percentile of its own range.

02 · Valuation

Valuation P/E is the price of ₹1 of annual profit: how many rupees the market pays for each rupee the company earns in a year.

Krishna Institute of Medical Sciences Ltd trades at 135.0× P/E, about the priciest it has ever traded. Its long-run median P/E is 49.6×, measured across 5.1 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.

Today's P/E of 135.0× is about the priciest it has ever traded, against a long-run median of 49.6× measured over 5.1 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.

P/E 135.0× vs a 49.6× long-run median P/E, weekly (left axis); earnings per share, trailing twelve months, weekly (right axis). 5.1-year window; loss-period spikes above 129× shown pinned at the top. The eps (ttm) bars are red where the reading is lower than the quarter before.
about the priciest it has ever traded
P/EMedianEPS (TTM) (quarterly)
136.7×₹10.2107.6×₹7.678.5×₹5.149.4×₹2.520.3×₹0.0×128.70×₹6Jul 21Oct 22Feb 24May 25Jul 26
136.7×₹10.2107.6×₹7.678.5×₹5.149.4×₹2.520.3×₹0.0×128.70×₹6Jul 21Feb 24Jul 26
P/E
135.0×
100th percentile of 5y

🚨 Why the multiple sits where it does: over the past year annual EPS moved −37.3% against a +5.5% price move — the price outran earnings, pushing the multiple UP its own range.

The price move, decomposed: over 5y, of the +25.7%/yr price move, ~+3.5%/yr came from earnings growth and ~+22.2 pp from the multiple (expanding). The split is the honest approximate (price return minus earnings growth); it makes the rally itself visible instead of hiding it behind the percentile.

Put together: the multiple is full against its own past, so the story rests on the earnings line underneath it, not the multiple.

The PEG ratio and its quarterly curve, which only the second data source carries, are not drawn on this page: its two data sources disagree by up to 27% on reported income across 14 comparable periods. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.

→ Cheap or dear rides on the earnings. Are they actually growing? Next: the fundamental stage — where the business sits in its arc, and how growth has compounded.

03 · Stage: Mixed

Stage: Mixed Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).

Krishna Institute of Medical Sciences Ltd reads as mixed on its fundamental arc. Mixed — no clean majority across the growth curves, ROCE slipping at 9.0% — the per-curve reads carry the story. The read is built from 10 quarters across 3 curves, on partial evidence.

Three growth curves, twelve quarters Year-on-year growth of trailing-twelve-month revenue (left axis), profit and EPS (right axis — they swing far wider), % at each quarter-end. Where the trailing-twelve-month history is short, the curve falls back to single-quarter year-on-year growth — noisier, and the classifier smooths and caps base-effect spikes before reading. A missing point means that reading is not held for the quarter.
the trajectory the stage is read from
RevenueProfitEPS
37%56%29%23%21%−11%13%−45%5.6%−78%%%34.9%−68.9%−37.3%Jun 23Sep 24Mar 26
37%56%29%23%21%−11%13%−45%5.6%−78%%%34.9%−68.9%−37.3%Jun 23Sep 24Mar 26
ROCE Annual readings — the quarterly balance-sheet pieces this curve needs are not held for this stock, so the returns read moves once a year and carries less weight in the call.
the return curve, annual readings
ROCE
25%21%17%12%7.8%%9%FY23FY24FY26
25%21%17%12%7.8%%9%FY23FY24FY26
Revenue growth
Steady high
latest +34.9% · span +7.8% to +30.0%
Profit growth
Falling
latest −68.9% · span −47.2% to +47.2%
ROCE
Falling
latest 9.0% · span 9.0%–24.0%

Why it matters: when the curves disagree, the per-curve reads above matter more than any single verdict.

One or more growth curves carry a base-effect spike — a large year-on-year move off a near-zero or loss-making comparable quarter. Those spikes are capped before the classifier reads the trajectory, and shown pinned on the chart, so a single distorted quarter does not drive the stage call.

Return readings here are annual, not quarterly — read as level and direction only; they can confirm the growth curves but never drive the stage on their own.

A partial read: at least one curve is short, or the returns curve is not the computed quarterly series — hold the stage word a little more loosely.

Growth, year by year: revenue +28.7% in FY26, profit −41.7% Year-over-year growth per fiscal year, %: revenue (left axis); net profit and EPS (right axis — profit growth swings far wider). Zero line drawn.
Revenue YoYProfit YoYEPS YoY
41%104%33%10%24%−83%16%−177%8.5%−271%%%28.7%−41.7%FY16FY21FY26
41%104%33%10%24%−83%16%−177%8.5%−271%%%28.7%−41.7%FY16FY21FY26
TTM growth by quarter Trailing-twelve-month growth versus the year-ago TTM, per quarter, %: revenue (left axis); profit and EPS (right axis). The acceleration read compares the last 4 quarters (+28.7%) with the last 8 annualized (+25.0%).
revenue accelerating, profit rolling over
Revenue TTM YoYProfit TTM YoYEPS TTM YoY
30%29%25%10%21%−8.9%16%−28%12%−47%%%28.7%−41.5%Jun 23Sep 24Mar 26
30%29%25%10%21%−8.9%16%−28%12%−47%%%28.7%−41.5%Jun 23Sep 24Mar 26
Compound annual growth rate (%) Compound annual growth rate over each window, %. Revenue, profit and EPS from fiscal-year figures; share price is the price CAGR over the same spans. A dash = that window is not held, or the base was a loss.
1yr3yr5yr10yr
Revenue+28.7%+21.1%+24.0%+22.5%
Profit−41.7%−12.9%+3.4%+24.1%
EPS−37.3%−10.5%+3.0%+23.0%
Share price+5.5%+27.8%+25.7%
Revenue YoY (Mar 26)
+34.9%
latest quarter vs a year ago
Profit YoY (Mar 26)
−68.9%
latest quarter vs a year ago
Revenue 10y
22.5%
long-run compound pace

→ The stage names the trajectory. Next: the revenue line that produces it, quarter by quarter.

04 · 4-Factor Sector Score

4-Factor Sector Score

38.4/100 — rank 17 of 19 in Hospitals · 79% evidence confidence

Krishna Institute of Medical Sciences Ltd scores 38.4 out of 100 against the 19 companies it is compared with in Hospitals, ranking 17. Price leads the evidence: RS versus the benchmark is 12.5%, but earnings trajectory is weak. Wait for revenue and profit confirmation.

The four contributions add to the total exactly: 10.4 + 7.2 + 5.6 + 15.2 = 38.4. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.

What would change it: The read weakens if profit growth turns negative or margin improvement reverses while sector-relative strength deteriorates.

05 · Revenue

Revenue Revenue is the top line: everything the company billed its customers in the period.

Krishna Institute of Medical Sciences Ltd reported ₹1,075 Cr of revenue in the Mar 26 quarter, +34.9% year on year. That is the 10th straight quarter of year-on-year growth. Over 10 years it has compounded at 22.5% a year. The last full year, FY26, came in at ₹3,905 Cr. The last four reported quarters add to ₹3,906 Cr.

Krishna Institute of Medical Sciences Ltd reported ₹1,075 Cr of revenue in the Mar 26 quarter, +34.9% year on year. That is the 10th straight quarter of year-on-year growth. Over 10 years it has compounded at 22.5% a year. The last full year, FY26, came in at ₹3,905 Cr. The last four reported quarters add to ₹3,906 Cr.

FY26 revenue came in at ₹3,905 Cr (+28.7% on the year), capping 10 years at 22.5% compound. The latest quarter (Mar 26) printed ₹1,075 Cr, +34.9% year on year — the 10th consecutive quarter of year-over-year growth.

FY26 revenue ₹3,905 Cr (+28.7% YoY) Revenue bars, ₹ Cr (left); YoY growth-% line (right). 11-year window. A bar is red when it is lower than the year before.
22.5% a year over 10 years
RevenueYoY growth
4.2k41%3.2k33%2.1k24%1.1k16%08.5%₹ Cr%₹3,90528.7%FY16FY21FY26
4.2k41%3.2k33%2.1k24%1.1k16%08.5%₹ Cr%₹3,90528.7%FY16FY21FY26
Mar 26: ₹1,075 Cr (+34.9% YoY) Quarterly revenue bars, ₹ Cr (left); YoY growth-% line (right). Last 12 quarters. A bar is red when it is lower than the quarter before.
10th straight quarter of growth
Revenue (quarterly)YoY growth
1.2k37%87129%58121%29013%05.6%₹ Cr%₹1,07534.9%Jun 23Sep 24Mar 26
1.2k37%87129%58121%29013%05.6%₹ Cr%₹1,07534.9%Jun 23Sep 24Mar 26

Pace check: the last four quarters averaged +28.6% growth against the decade's 22.5% — the current year is running faster than its own long-run rate.

Acceleration check: trailing-twelve-month revenue grew +28.7% over the last 4 quarters against +25.0%/yr over the last 8 — accelerating; TTM profit −41.5% vs −15.3%/yr — rolling over.

→ Revenue grew — did margins hold as it scaled? Next: 19.0% this quarter (−6.0 pp YoY).

06 · Operating margin

Operating margin Operating margin is what is left of every ₹100 of sales after running the business, before interest and tax. It is the cleanest read on pricing power and cost control.

Krishna Institute of Medical Sciences Ltd's operating margin is 19.0% in the Mar 26 quarter, −6.0 percentage points against the same quarter a year ago. Across 11 fiscal years the operating margin has ranged 9.0% to 32.0%. The current quarter sits inside that band.

Krishna Institute of Medical Sciences Ltd's operating margin is 19.0% in the Mar 26 quarter, −6.0 percentage points against the same quarter a year ago. Across 11 fiscal years the operating margin has ranged 9.0% to 32.0%. The current quarter sits inside that band.

The latest quarter's operating margin is 19.0%, −6.0 pp against the same quarter a year ago. Across 11 fiscal years the operating margin has ranged 9.0%–32.0%.

🚨 Why the margin moved: operating margin went −5.6 pp year on year while gross margin went −0.7 pp — the loss came mostly below the gross line: operating leverage, with costs spread over a bigger revenue base.

FY26: 21.0% Operating margin by fiscal year, %, line (left); year-on-year change in the margin, in percentage points, line (right). 11-year window.
within a 9.0–32.0% band over 11 years
operating marginYoY change (pp)
34%15%27%8.2%21%1.5%14%−5.2%7.2%−12%%%21%−5%FY16FY21FY26
34%15%27%8.2%21%1.5%14%−5.2%7.2%−12%%%21%−5%FY16FY21FY26
Mar 26: 19.0% operating margin (−6.0 pp YoY) Quarterly operating margin, %, line (left); year-on-year change in the margin, in percentage points, line (right). Last 12 quarters. Operating profit as a share of revenue, per quarter.
Operating marginYoY change (pp)
29%1.6%26%−0.7%24%−3.0%21%−5.3%18%−7.6%%%19%−6%Jun 23Sep 24Mar 26
29%1.6%26%−0.7%24%−3.0%21%−5.3%18%−7.6%%%19%−6%Jun 23Sep 24Mar 26

→ Margins slipped — did that reach the bottom line? Next: profit −68.9% in the latest quarter.

07 · Net profit

Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.

Krishna Institute of Medical Sciences Ltd earned ₹33.0 Cr of net profit in the Mar 26 quarter, −68.9% year on year. Full-year FY26 profit was ₹242 Cr. The 10-year compound rate is 24.1%. That is 3.1% of the quarter's revenue. The same quarter a year earlier earned ₹106 Cr.

Krishna Institute of Medical Sciences Ltd earned ₹33.0 Cr of net profit in the Mar 26 quarter, −68.9% year on year. Full-year FY26 profit was ₹242 Cr. The 10-year compound rate is 24.1%. That is 3.1% of the quarter's revenue. The same quarter a year earlier earned ₹106 Cr.

Mar 26 profit was ₹33.0 Cr, −68.9% year on year. On the full year, FY26 printed ₹242 Cr (−41.7%), and the 10-year compound rate is 24.1%.

FY26 profit ₹242 Cr (−41.7% YoY) Net profit bars, ₹ Cr (left); YoY growth-% line (right). 11-year window. A bar is red when it is lower than the year before.
24.1% a year over 10 years
Net profitYoY growth
452104%31812%183−81%48−173%−86−265%₹ Cr%₹242−41.7%FY16FY21FY26
452104%31812%183−81%48−173%−86−265%₹ Cr%₹242−41.7%FY16FY21FY26
Mar 26: ₹33.0 Cr (−68.9% YoY) Quarterly net profit bars, ₹ Cr (left); YoY growth-% line (right). Last 12 quarters. A bar is red when it is lower than the quarter before.
Net profit (quarterly)YoY growth
13156%9823%65−11%33−45%0−78%₹ Cr%₹33−68.9%Jun 23Sep 24Mar 26
13156%9823%65−11%33−45%0−78%₹ Cr%₹33−68.9%Jun 23Sep 24Mar 26

🚨 Why profit moved: revenue contributed +34.9% and the margin −6.0 pp — the quarter was revenue-led despite a thinner margin.

Pace comparison, last four quarters: profit −40.9% vs revenue +28.6%. Profit is growing slower than sales — costs are eating the growth before it reaches the bottom line.

→ Profit rose — but did the cash follow? Next: 163% of the last 3 years' profit arrived as cash.

08 · Cash flow — the router

Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.

Over the last 3 fiscal years 163% of Krishna Institute of Medical Sciences Ltd's reported profit arrived as operating cash — the cash follows the profit. In FY26 that was ₹511 Cr of operating cash against ₹242 Cr of profit. After ₹2,037 Cr of capital spending, ₹−1,526 Cr was left as free cash.

FY26: operating cash of ₹511 Cr against reported profit of ₹242 Cr, leaving free cash of ₹−1,526 Cr after ₹2,037 Cr of capital spending. Across the last 3 fiscal years the conversion rate is 163% of profit.

Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.

FY26: CFO ₹511 Cr vs profit ₹242 Cr Operating cash flow and net profit by fiscal year, ₹ Cr; the line is free cash flow (CFO minus capital spending). 11-year window, annual resolution.
163% of 3-year profit arrived as cash
Operating cashNet profitFree cash
751139−472−1.1k−1.7k₹ Cr₹511₹242₹−1,526FY16FY21FY26
751139−472−1.1k−1.7k₹ Cr₹511₹242₹−1,526FY16FY21FY26
FY26: CFO = 211% of profit (three-year rate 163%) Operating cash as a share of net profit, per fiscal year, % (line). Dashed line = 100% — every unit of profit arriving as cash; outlier years shown pinned.
Conversion100%
316%257%197%137%78%%211%FY16FY21FY26
316%257%197%137%78%%211%FY16FY21FY26

Why conversion sits at 163%: the cash cycle stretched 56 days between FY21 and FY26 — more of each rupee of profit waits inside the cycle before arriving.

Router verdict: the bigger cash user is investment — capital spending ran 7.7× depreciation over three years, so the next section's job is to check what that build-out is buying.

→ So follow the cash to where it goes. Next: ₹4,680 Cr of building over 3 years.

09 · Where the cash goes

Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).

Krishna Institute of Medical Sciences Ltd's cash conversion cycle runs −50 days in FY26, up from −106 days in FY21. Capital spending ran ₹4,680 Cr over the last 3 years. At FY26 sales of ₹3,905 Cr each day of that cycle holds about ₹10.7 Cr, so roughly ₹−535 Cr sits inside the business at any moment.

FY26: debtors at 52 days, inventory at 44 days — roughly 1.4 months of stock waiting to sell; that is where the cash sits while it waits — for a full cycle of −50 days, looser than FY21's −106.

The full loop: cash goes out to suppliers and production on day 0; stock waits 44 days to sell; customers pay about 52 days after that; and suppliers themselves are paid at 146 days — netting out to the −50-day cycle.

In money terms: at FY26 sales of ₹3,905 Cr, each day of the cycle holds about ₹10.7 Cr — so the −50-day loop keeps roughly ₹−535 Cr sitting inside the business at any moment.

FY26: a −50-day cash cycle Debtor days, inventory days, payable days and the cash conversion cycle by fiscal year. 11-year window.
+56 days vs FY21
Cash cycleInventory daysDebtor daysPayable days
24114752−43−137days−50d44d52d146dFY16FY18FY21FY23FY26
24114752−43−137days−50d44d52d146dFY16FY21FY26

On the investment side: capital spending of ₹4,680 Cr over the last 3 fiscal years against ₹607 Cr of depreciation — the company is building well ahead of wear-and-tear. Capital work-in-progress stands at ₹606 Cr (FY26) — capacity paid for but not yet earning.

FY26: capex ₹2,037 Cr, work-in-progress ₹606 Cr Capital spending per fiscal year, ₹ Cr (bars); capital work-in-progress, ₹ Cr (line). Quarterly capital-spending history is not held for India — annual is the honest resolution.
a build-out
CapexWork-in-progress
2.2k1.6k1.1k5500₹ Cr₹2,037₹606FY17FY19FY21FY23FY26
2.2k1.6k1.1k5500₹ Cr₹2,037₹606FY17FY21FY26

The synthesis: the cash is going into capacity, not disappearing into the cycle — the question becomes whether the new capacity earns.

→ Does all this activity actually earn its cost of capital? Next: ROCE is 9%.

10 · Return on capital

Return on capital Return on capital employed (ROCE) is the profit the whole business earns on all the money in it — equity and debt together. It is the single best test of whether growth creates value or just size.

Krishna Institute of Medical Sciences Ltd earns a ROCE of 9% in FY26. That is up from a trough of 5% in FY19. A return-on-invested-capital spread against the cost of capital is not computable from what is held here. The wiring behind it is 6.2% net margin on 0.50× asset turns.

FY26 ROCE is 9%, recovered from a FY19 trough of 5% — the full ladder below shows the fall and the climb, undoctored.

Why the return is what it is — the wiring (FY26): 6.2% net margin × 0.50× asset turns × 3.45× balance-sheet leverage ≈ 10.7% on equity. Margin does its share; leverage is a meaningful part of the equation.

FY26: ROCE 9% Return on capital employed by fiscal year, % (line). 10-year window, dips included. Dashed line = the 12.0% cost of capital used on this page.
the climb back from FY19's 5%
ROCEWACC
36%28%20%11%2.7%%9%FY17FY19FY21FY23FY26
36%28%20%11%2.7%%9%FY17FY21FY26

The quarterly return curves and the return-on-invested-capital overlay, which only the second data source carries, are not drawn on this page: its two data sources disagree by up to 27% on reported income across 14 comparable periods. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.

→ Returns like these — is the balance sheet borrowing to make them? Next: debt-to-equity is 1.89.

11 · Debt

Debt Debt-to-equity says how much of the business is funded by borrowings; interest cover says how many times operating profit pays the interest bill. Low and high, respectively, is the safe corner.

Krishna Institute of Medical Sciences Ltd carries ₹4,253 Cr of borrowings against ₹2,247 Cr of equity in FY26, a debt-to-equity of 1.89. Operating profit covers the interest bill 4×. Over 5 years borrowings went from ₹316 Cr to ₹4,253 Cr. Capital spending ran ₹4,680 Cr across the last 3 of those years.

FY26: borrowings of ₹4,253 Cr against equity of ₹2,247 Cr — a debt-to-equity of 1.89. Operating profit covers the interest bill 4×. Over 5 years borrowings went from ₹316 Cr to ₹4,253 Cr while capital spending ran ₹4,680 Cr in just the last 3 — part of the build-out is riding on borrowed money.

FY26: borrowings ₹4,253 Cr at 1.89× equity Borrowings by fiscal year, ₹ Cr (bars); debt-to-equity, × (line). 11-year window. Quarterly balance-sheet history is not held for India — annual is the honest resolution.
the debt trajectory
BorrowingsDebt-to-equity
4.6k2.4×3.4k0.5×2.3k−1.4×1.1k−3.3×0−5.3×₹ Cr×₹4,2531.89×FY16FY18FY21FY23FY26
4.6k2.4×3.4k0.5×2.3k−1.4×1.1k−3.3×0−5.3×₹ Cr×₹4,2531.89×FY16FY21FY26

The total-debt and debt-to-equity series, which only the second data source carries, are not drawn on this page: its two data sources disagree by up to 27% on reported income across 14 comparable periods. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.

→ Who owns this, and are they adding or leaving? Next: Promoters cut 6.3 points over 8 quarters.

12 · Ownership

Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.

Promoters cut 6.3 points of Krishna Institute of Medical Sciences Ltd over 8 quarters, the biggest move on the register. That takes promoters to 32.5% of the company. Foreign institutions moved −3.1 points over the same window, to 14.8%. The register is read on the four disclosed classes only; nothing is inferred between filings.

The register over the last two years — Promoters: −6.3 points over 8 quarters to 32.5%; Foreign institutions: −3.1 points over 8 quarters to 14.8%; Domestic institutions: +2.3 points over 8 quarters to 34.4%.

Why the register moved: rotation — foreign institutions −3.1 points against domestic institutions +2.3 points over 8 quarters, with promoters −6.3 points — one class of institutions handing the register to the other, not a verdict change by the people closest to the numbers.

Fiscal-year ends: promoters −4.7 pts from Mar 24 to Mar 26 Shareholding at each fiscal-year end (March quarter), % of the company. 3 year-ends held.
PromotersForeign inst.Domestic inst.Public
41%33%25%17%9.1%%34.1%14.6%32.5%18.8%Mar 24Mar 25Mar 26
41%33%25%17%9.1%%34.1%14.6%32.5%18.8%Mar 24Mar 25Mar 26
Promoters cut 6.3 points over 8 quarters Shareholding by holder class, % of the company, quarterly, last 13 quarters.
PromotersForeign inst.Domestic inst.Public
41%33%25%17%9.0%%32.5%14.8%34.4%18.3%Jun 23Dec 24Jun 26
41%33%25%17%9.0%%32.5%14.8%34.4%18.3%Jun 23Dec 24Jun 26

→ One last check: does the safety math agree? Next: the balance-sheet safety line.

13 · Safety line

Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.

Krishna Institute of Medical Sciences Ltd: the Z-score is withheld — it comes from the second data source this page could not reconcile, and a solvency score is not worth printing on a number two sources dispute. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure.

The safety line in one sentence: the Z-score is withheld — it comes from the second data source this page could not reconcile, and a solvency score is not worth printing on a number two sources dispute.

Related companies · same sector · Hospitals Every company is compared on the shape of its own curves, not static ratios. The Revenue, EPS and ROCE columns each draw that company's last 12 quarters as a mini line of the ACTUAL level (trailing-twelve-month revenue and EPS, and the ROCE itself) — so a line that climbs is a business getting bigger, a line that sinks is one shrinking. The colour tracks the same line: green when it is rising or steadily healthy, amber when it is rolling over from a high (still elevated but turning down), red when it is falling, grey when flat or stuck. Colour and direction always agree — a green line never points down. The ROCE curve is the return on capital (annual readings for peers, so a slightly coarser line than the quarterly one at the top of this page). The Stage column then runs the same 12-quarter trajectory classifier used at the top of the page on each company and names where it sits. What lands a company in each bucket: CONSISTENT — growth stays positive across the window and returns are healthy (ROCE ≥ 15%, or ROE ≥ 12% for lenders); IMPROVING — profit or EPS fell into real decline, bottomed a few quarters back, and has climbed back to positive and held there; TURNING AROUND — the same kind of trough but more recent, with the latest quarters just lifting off it (an early, unconfirmed turn); TOPPING OUT — growth is still positive but decelerating hard from its own peak while returns have stopped rising; DETERIORATING — two or more growth curves are shrinking (latest below zero) and staying there, not one soft quarter; MIXED — the curves genuinely disagree, or no clean majority, so no single word fits; NO READ — fewer than eight usable quarters. It is a like-for-like read of every company against its own past, not a ranking against the group.
CompanyP/EMkt capRevenueEPSROCEStage
Krishna Institute of Medical Sciences Ltd this page135.0×₹33,510 CrMixed
Apollo Hospitals Enterprise Ltd64.7×₹1.3L CrConsistent
Max Healthcare Institute Ltd70.9×₹1.1L CrTopping out
Fortis Healthcare Ltd67.8×₹71,623 CrMixed
Aster DM Healthcare Ltd168.0×₹68,483 CrNo read
Narayana Hrudayalaya Ltd47.1×₹40,085 CrTurning around
Global Health Ltd66.2×₹36,862 CrConsistent
Rainbow Childrens Medicare Ltd59.8×₹14,806 CrMixed
Jupiter Life Line Hospitals Ltd55.9×₹10,595 CrMixed
Healthcare Global Enterprises Ltd346.0×₹9,952 CrMixed
Yatharth Hospital & Trauma Care Services Ltd46.1×₹8,082 CrMixed
Kovai Medical Center & Hospital Ltd26.2×₹6,394 CrConsistent
Artemis Medicare Services Ltd41.2×₹4,365 CrConsistent
Indraprastha Medical Corporation Ltd18.2×₹3,342 CrMixed
Dr Agarwals Eye Hospital Ltd34.6×₹2,427 CrMixed
KMC Speciality Hospitals (India) Ltd45.0×₹2,102 CrTurning around
Sakar Healthcare Ltd49.5×₹1,785 CrImproving
Shalby Ltd47.1×₹1,762 CrTurning around
KMC Speciality Hospitals (India) Ltd37.0×₹1,354 CrTurning around
GPT Healthcare Ltd30.4×₹1,310 CrTurning around
12 · Frequently asked questions

Frequently asked questions

What is Krishna Institute of Medical Sciences Ltd's share price today?

Krishna Institute of Medical Sciences Ltd trades at ₹803, +5.5% over the past year. The company is valued at ₹33,510 Cr. The stock sits at 82% of its 52-week range of ₹582–₹851, +12.8% versus its 200-day average. On the tape, the price is in a confirmed uptrend, 10 weeks in. — as of 24 July 2026.

What were Krishna Institute of Medical Sciences Ltd's latest quarterly results?

Krishna Institute of Medical Sciences Ltd reported revenue of ₹1,075 Cr and net profit of ₹33.0 Cr for the Mar 26 quarter. Revenue rose 34.9% and profit fell 68.9% year on year. Earnings per share were ₹1.06. The operating margin was 19.0%, 6.0 pp lower than a year earlier. — as of 24 July 2026.

What is Krishna Institute of Medical Sciences Ltd's revenue?

Krishna Institute of Medical Sciences Ltd reported revenue of ₹1,075 Cr in the Mar 26 quarter, +34.9% year on year. For the full FY26 fiscal year, revenue was ₹3,905 Cr (+28.7%). Over the last 10 years revenue compounded at 22.5% a year. — as of 24 July 2026.

What is Krishna Institute of Medical Sciences Ltd's profit?

Krishna Institute of Medical Sciences Ltd earned ₹33.0 Cr of net profit in the Mar 26 quarter, −68.9% year on year. Full-year FY26 profit was ₹242 Cr. The operating margin ran 19.0% in the latest quarter. — as of 24 July 2026.

What is Krishna Institute of Medical Sciences Ltd's market cap?

Krishna Institute of Medical Sciences Ltd's market capitalisation is ₹33,510 Cr at a share price of ₹803. Market cap is the share price multiplied by shares outstanding, so it is restated whenever the price moves. — as of 24 July 2026.

What is Krishna Institute of Medical Sciences Ltd's P/E ratio?

Krishna Institute of Medical Sciences Ltd trades at a P/E of 135.0×, at the 100th percentile of its own 5-year range, against a long-run median of 49.6×. This is a comparison with the stock's own history, not a value call — as of 24 July 2026.

Does Krishna Institute of Medical Sciences Ltd pay a dividend?

No — Krishna Institute of Medical Sciences Ltd has recorded a dividend payout of 0% of profit in each of its last 11 reported fiscal years, so there is no payout history to quote. That is a reading of the filed annual statements, not an estimate. — as of 24 July 2026.

Is Krishna Institute of Medical Sciences Ltd overvalued?

On its own history, Krishna Institute of Medical Sciences Ltd looks expensive against its own history: its P/E of 135.0× sits at the 100th percentile of its 5-year range (long-run median 49.6×). That is a percentile read against the stock's own past, not a price opinion or a direction call. — as of 24 July 2026.

Is Krishna Institute of Medical Sciences Ltd growing?

Not right now — Krishna Institute of Medical Sciences Ltd's latest numbers are shrinking: latest-quarter revenue +34.9% year on year, profit −68.9%, and the margin −6.0 pp at 19.0%. The 10-year compound rates are 22.5% (revenue) and 24.1% (profit). The earnings engine currently reads: deteriorating — as of 24 July 2026.

How is Krishna Institute of Medical Sciences Ltd performing?

Krishna Institute of Medical Sciences Ltd is in a confirmed uptrend, 10 weeks in. Its latest quarter's revenue rose 34.9% and profit fell 68.9% year on year. Against the NIFTY 500 it has been ahead on a trailing-13-week view for 29 weeks. — as of 24 July 2026.

What stage is Krishna Institute of Medical Sciences Ltd in?

Mixed — no clean majority across the growth curves, ROCE slipping at 9.0% — the per-curve reads carry the story. The read comes from the last 12 quarters of growth (revenue growth +34.9% latest, profit growth −68.9% latest) plus the ROCE curve, classified by deterministic rules — a trajectory read, not a buy or sell call — as of 24 July 2026.

Is Krishna Institute of Medical Sciences Ltd in an uptrend?

Yes — the price is in a confirmed uptrend (week 10 of stage 2), trading +12.8% versus its 200-day average and at 82% of its 52-week range. Price stages cycle base → advance → top → decline, and the stage names where this stock sits in that cycle — as of 24 July 2026.

Is Krishna Institute of Medical Sciences Ltd beating the market?

On recent form, yes — Krishna Institute of Medical Sciences Ltd has been ahead of the NIFTY 500 on a trailing-13-week view for 29 straight weeks, the same metric the week-by-week ribbon on this page draws. Separately, on the cumulative view: over the last 5.0 years the stock moved +294% against the NIFTY 500's +71% — ahead of the index over the full window. — as of 24 July 2026.

Will Krishna Institute of Medical Sciences Ltd's share price go up?

This page publishes no price forecast for Krishna Institute of Medical Sciences Ltd. What it measures instead: the share price is ₹803, the price is in a confirmed uptrend 10 weeks in. Its P/E of 135.0× sits at the 100th percentile of its own 5-year range. — as of 24 July 2026.

Who owns Krishna Institute of Medical Sciences Ltd?

Promoters hold 32.5% of Krishna Institute of Medical Sciences Ltd, foreign institutions 14.8%, domestic institutions 34.4% and the public 18.3% (latest quarter). The biggest move on the register over the last two years: Promoters cut 6.3 points over 8 quarters. — as of 24 July 2026.

Does Krishna Institute of Medical Sciences Ltd have too much debt?

It carries real leverage — Krishna Institute of Medical Sciences Ltd's debt-to-equity is 1.89, and operating profit covers the interest bill 4×. FY26 borrowings were ₹4,253 Cr against equity of ₹2,247 Cr. Read the returns on this page with that leverage in mind — as of 24 July 2026.

What is Krishna Institute of Medical Sciences Ltd's capex?

Krishna Institute of Medical Sciences Ltd spent ₹4,680 Cr on capital expenditure over the last 3 fiscal years, a figure derived from the change in fixed assets plus depreciation. In FY26 alone that was ₹2,037 Cr, with ₹606 Cr in capital work-in-progress — capacity paid for but not yet earning. — as of 24 July 2026.

What is Krishna Institute of Medical Sciences Ltd's cash flow?

Krishna Institute of Medical Sciences Ltd generated ₹511 Cr of operating cash flow in FY26 and ₹−1,526 Cr of free cash flow after ₹2,037 Cr of capital spending. Reported profit that year was ₹242 Cr, so operating cash ran ahead of profit. Cash-flow resolution for India is annual. — as of 24 July 2026.

Is Krishna Institute of Medical Sciences Ltd's profit real cash?

Yes — over the last 3 fiscal years, 163% of Krishna Institute of Medical Sciences Ltd's reported profit arrived as operating cash. In FY26, operating cash was ₹511 Cr against reported profit of ₹242 Cr. The cash then goes mostly into building capacity. Cash-flow resolution is annual — as of 24 July 2026.

Where is Krishna Institute of Medical Sciences Ltd in its business cycle?

Krishna Institute of Medical Sciences Ltd's FY26 operating margin was 21.0%, against a 11-year band of 9.0%–32.0%: mid-band by its own history — neither the peak that precedes mean-reversion nor the trough that precedes recovery. The latest quarter ran 19.0%. Profitability versus a company's own long band is the cleanest cycle clock this page holds — as of 24 July 2026.

What could break the Krishna Institute of Medical Sciences Ltd story?

The sharpest disagreement: the price moved +5.5% in a year while annual EPS moved −37.3% — the difference is re-rating, and re-rating has to be repaid with earnings. Mechanically, two Friday closes in a row below the 200-day average would end the price trend — that is the exit rule this page tracks — as of 24 July 2026.

Is Krishna Institute of Medical Sciences Ltd a stock worth studying right now?

This is not investment advice. The machine read: Krishna Institute of Medical Sciences Ltd's price has outrun its earnings. +5.5% in a year against EPS −37.3% — the market is paying now for delivery later. The sharpest open question: whether earnings grow into a price that has already moved. Every number on this page is drawn deterministically from the raw series, with no forecasts and no price opinions — as of 24 July 2026.

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