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Krishna Institute of Medical Sciences Ltd: Stock Analysis & Fundamentals

Updated this week

Krishna Institute of Medical Sciences Ltd (Hospitals) — fundamental analysis, earnings data, and key metrics. PE: 88.0. ROE: 18.5%. This stock is not currently in the Nifty 500 momentum outperformers list.

What's Happening

📊Debt increased 25% YoY — leverage rising
👔Promoter stake down 4.7% this quarter
🌐FII stake decreased 0.8% this quarter

Earnings Acceleration Triggers

1. New hospital units reaching breakeven
Q3 FY27MEDIUM
2. Revenue ramp-up in mature clusters
Q4 FY26HIGH
3. No incremental capex required for current capacity
ImmediateHIGH

Key Risks

1. Continued margin pressure from new unit ramp-up
MEDIUM
2. Government scheme disruptions
LOW

Key Numbers

Current Price
₹645
Market Cap
25.8K Cr
Valuation
N/A

Why Are Krishna Institute of Medical Sciences Ltd's Earnings Accelerating?

Based on Q3 FY26 earnings • Updated Feb 22, 2026

New hospital units reaching breakeven

Expected: Q3 FY27MEDIUM confidence+₹100 Cr revenue

What: Nasik already EBITDA positive; Bangalore Electronic City targeting breakeven by Q3 FY27

Impact: +₹100 Cr revenue

“We've achieved almost 8 and a half crore revenue and we turned EBITDA positive. We got empowerment of ECHS in Nasik. - Abhinay Bollineni”

Revenue ramp-up in mature clusters

Expected: Q4 FY26HIGH confidence+₹50 Cr revenue

What: 5% growth in mature clusters considered healthy; Andhra Pradesh recovering from strike

Impact: +₹50 Cr revenue

“January things have bounced back and the revenues are as per how it was in Q2. - Sreenath Reddy”

No incremental capex required for current capacity

Expected: ImmediateHIGH confidence

What: All capex for current expansion cycle completed; focus shifts to operational efficiency

“All the capex for all the three hospitals are fully done. There is no incremental capex that we have to incur for more beds up to each of their capacities. - Abhinay Bollineni”

What Are the Key Risks for Krishna Institute of Medical Sciences Ltd?

Earnings deceleration risks from management commentary

Continued margin pressure from new unit ramp-up

MEDIUM

Trigger: Occupancy below 60%

Impact: -300 bps margin impact

Management view: The decline in EBITDA was mainly on account of EBITDA erosion caused by the newer units that commenced operations over the last 9 to 12 months.

Monitor: New hospital occupancy rates

Government scheme disruptions

LOW

Trigger: Policy changes/strikes

Impact: -200 bps margin impact

Management view: As far as Andhra in quarter three we had a strike with the state government. So we had not taken advocacy scheme for almost a month.

Monitor: State government scheme participation

What Is Krishna Institute of Medical Sciences Ltd's Management Saying?

Key quotes from recent conference calls

“We have enough capacity operationalized in all of these hospitals. All the capex for all the three hospitals are fully done. There is no incremental capex that we have to incur for more beds up to each of their capacities. — Abhinay Bollineni”
“The decline in EBITDA was mainly on account of EBITDA erosion caused by the newer units that commenced operations over the last 9 to 12 months. — Management”
“Average revenue per operating bed grew by 20.5% and 10.3% on year on year and quarter on quarter basis respectively. Average revenue per patient grew by 13.9% and 9% on year on year and quarter on quarter basis respectively. — Management”
“We are targeting [breakeven for Electronic City] somewhere in the second quarter of the financial year. — Abhinay Bollineni”

What Is Krishna Institute of Medical Sciences Ltd's Management Guidance?

Forward-looking targets from management for Next 2-4 quarters

Revenue Growth Target

25%

Implied PAT Growth

30%

OPM Guidance

22%

Capex Plan

₹0 Cr

Management Tone: CAUTIOUS

Key Milestones

• Nasik breakeven achieved

• Bangalore Electronic City breakeven by Q3 FY27

• Andhra Pradesh volume recovery

The above analysis is parsed from publicly available earnings call transcripts. This is educational research only — not investment advice. Last updated Feb 22, 2026.

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← Back to HospitalsDashboard

Frequently Asked Questions: Krishna Institute of Medical Sciences Ltd

Based on publicly available financial data. This is educational research, not investment advice.

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

Krishna Institute of Medical Sciences Ltd's latest quarterly results (Dec 2025) show

  • PAT Growth YoY: -43.5%
  • Revenue Growth YoY: +29.3%
  • Operating Margin: 20.0%

What is Krishna Institute of Medical Sciences Ltd's current PE ratio?

Krishna Institute of Medical Sciences Ltd's current PE ratio is 88.0x.

  • Current PE: 88.0x
  • Market Cap: 25.8K Cr

What is Krishna Institute of Medical Sciences Ltd's price-to-book ratio?

Krishna Institute of Medical Sciences Ltd's price-to-book ratio is 11.4x.

  • Price-to-Book (P/B): 11.4x
  • Book Value per Share: ₹57
  • Current Price: ₹645

Is Krishna Institute of Medical Sciences Ltd a fundamentally strong company?

Krishna Institute of Medical Sciences Ltd's fundamental strength based on key financial ratios

  • Return on Capital (ROCE): 15.0%

Is Krishna Institute of Medical Sciences Ltd debt free?

Krishna Institute of Medical Sciences Ltd has a debt-to-equity ratio of N/A.

  • Total Debt: ₹3,000 Cr

What is Krishna Institute of Medical Sciences Ltd's return on equity (ROE) and ROCE?

Krishna Institute of Medical Sciences Ltd's return ratios over recent years

  • FY2023: ROCE 24.0%
  • FY2024: ROCE 17.0%
  • FY2025: ROCE 15.0%

Is Krishna Institute of Medical Sciences Ltd's cash flow positive?

Krishna Institute of Medical Sciences Ltd's operating cash flow is positive (FY2025).

  • Cash from Operations (CFO): ₹582 Cr
  • Free Cash Flow (FCF): ₹-534 Cr
  • CFO/PAT Ratio: 140% (strong cash conversion)

What is Krishna Institute of Medical Sciences Ltd's dividend yield?

Krishna Institute of Medical Sciences Ltd currently does not pay a significant dividend (yield 0.00%).

  • Dividend Yield: 0.00%
  • Current Price: ₹645

Who holds Krishna Institute of Medical Sciences Ltd shares — promoters, FII, DII?

Krishna Institute of Medical Sciences Ltd's shareholding pattern (Dec 2025)

  • Promoters: 34.1%
  • FII (Foreign): 14.3%
  • DII (Domestic): 32.7%
  • Public: 18.9%

Is promoter holding increasing or decreasing in Krishna Institute of Medical Sciences Ltd?

Krishna Institute of Medical Sciences Ltd's promoter holding has remained stable recently.

  • Current Promoter Holding: 34.1% (Dec 2025)
  • Previous Quarter: 34.1% (Sep 2025)
  • Change: 0.00% (stable)

Is Krishna Institute of Medical Sciences Ltd a new momentum entry or an established outperformer?

Krishna Institute of Medical Sciences Ltd is an established outperformer with 1 weeks of consecutive Nifty 500 outperformance.

What are the growth catalysts for Krishna Institute of Medical Sciences Ltd?

Krishna Institute of Medical Sciences Ltd has 3 key growth catalysts identified from recent earnings analysis

  • New hospital units reaching breakeven
  • Revenue ramp-up in mature clusters
  • No incremental capex required for current capacity

What are the key risks in Krishna Institute of Medical Sciences Ltd?

Krishna Institute of Medical Sciences Ltd has 2 key risks worth monitoring

  • Continued margin pressure from new unit ramp-up
  • Government scheme disruptions

What did Krishna Institute of Medical Sciences Ltd's management say in the latest earnings call?

In Q3 FY26, Krishna Institute of Medical Sciences Ltd's management highlighted

  • "We have enough capacity operationalized in all of these hospitals. All the capex for all the three hospitals are fully done. There is no incremental c..."
  • "The decline in EBITDA was mainly on account of EBITDA erosion caused by the newer units that commenced operations over the last 9 to 12 months. — Mana..."
  • "Average revenue per operating bed grew by 20.5% and 10.3% on year on year and quarter on quarter basis respectively. Average revenue per patient grew ..."

What is Krishna Institute of Medical Sciences Ltd's management guidance for growth?

Krishna Institute of Medical Sciences Ltd's management has provided the following forward guidance for Next 2-4 quarters

  • Revenue growth target: 25%
  • Implied PAT growth: 30%
  • OPM guidance: 22%
  • Capex plan: ₹0 Cr
  • Management tone: cautious
  • Milestone: Nasik breakeven achieved
  • Milestone: Bangalore Electronic City breakeven by Q3 FY27

Is Krishna Institute of Medical Sciences Ltd worth studying for long term investment?

Based on quantitative research signals, here is why Krishna Institute of Medical Sciences Ltd may be worth studying

  • Cash flow is positive — CFO ₹582 Cr

What is the investment thesis for Krishna Institute of Medical Sciences Ltd?

Krishna Institute of Medical Sciences Ltd investment thesis summary:

Research Signals (Bull Case)

  • Growth catalyst: New hospital units reaching breakeven

Risk Factors (Bear Case)

  • Key risk: Continued margin pressure from new unit ramp-up

What is the future outlook for Krishna Institute of Medical Sciences Ltd?

Krishna Institute of Medical Sciences Ltd's forward outlook based on current data signals

  • Key Catalyst: New hospital units reaching breakeven
  • Key Risk: Continued margin pressure from new unit ramp-up

The above FAQs are generated from publicly available earnings data and conference call transcripts. This is educational research only. Sector Alpha is not SEBI registered and does not provide investment advice.