Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Kovai Medical
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 267 | 275 | 303 | 321 | 321 | 315 | 344 | 355 | 357 | 374 | 392 | 407 | 414 |
| Expenses + | 200 | 206 | 217 | 225 | 229 | 229 | 248 | 252 | 256 | 268 | 285 | 291 | 303 |
| Operating Profit | 67 | 68 | 85 | 96 | 92 | 86 | 96 | 103 | 101 | 106 | 107 | 116 | 111 |
| OPM % | 25% | 25% | 28% | 30% | 29% | 27% | 28% | 29% | 28% | 28% | 27% | 28% | 27% |
| Other Income + | 5 | 6 | 4 | 5 | 6 | 5 | 5 | 6 | 6 | 6 | 6 | 7 | 8 |
| Interest | 10 | 10 | 8 | 7 | 7 | 7 | 8 | 9 | 9 | 9 | 9 | 8 | 6 |
| Depreciation | 22 | 22 | 23 | 23 | 24 | 24 | 24 | 25 | 25 | 26 | 27 | 28 | 29 |
| Profit before tax | 41 | 42 | 58 | 71 | 67 | 61 | 67 | 75 | 74 | 76 | 78 | 87 | 84 |
| Tax % | 25% | 26% | 26% | 25% | 22% | 25% | 25% | 23% | 26% | 25% | 24% | 25% | 25% |
| Net Profit + | 31 | 31 | 43 | 53 | 52 | 46 | 51 | 58 | 55 | 57 | 59 | 65 | 63 |
| EPS in Rs | 27.93 | 28.38 | 39.67 | 48.53 | 47.69 | 41.81 | 46.32 | 52.82 | 49.99 | 52.30 | 53.79 | 59.42 | 57.89 |
Financials of Kovai Medical
Annual income statement trend
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 402 | 465 | 531 | 588 | 628 | 712 | 690 | 905 | 1,020 | 1,220 | 1,371 | 1,586 |
| Expenses + | 307 | 374 | 406 | 459 | 494 | 540 | 495 | 645 | 746 | 874 | 981 | 1,147 |
| Operating Profit | 94 | 92 | 125 | 129 | 135 | 171 | 195 | 261 | 274 | 346 | 390 | 439 |
| OPM % | 23% | 20% | 23% | 22% | 21% | 24% | 28% | 29% | 27% | 28% | 28% | 28% |
| Other Income + | 7 | 8 | 6 | 7 | 8 | 10 | 12 | 12 | 14 | 21 | 21 | 28 |
| Interest | 20 | 17 | 15 | 13 | 15 | 18 | 33 | 46 | 43 | 37 | 36 | 32 |
| Depreciation | 21 | 21 | 24 | 34 | 36 | 52 | 68 | 85 | 89 | 92 | 98 | 109 |
| Profit before tax | 59 | 62 | 92 | 89 | 93 | 112 | 106 | 141 | 155 | 238 | 278 | 326 |
| Tax % | 35% | 35% | 35% | 35% | 35% | 15% | 27% | 26% | 25% | 24% | 25% | 25% |
| Net Profit + | 39 | 40 | 60 | 58 | 60 | 95 | 78 | 104 | 116 | 180 | 209 | 244 |
| EPS in Rs | 35.37 | 36.95 | 54.81 | 52.99 | 54.96 | 86.44 | 71.00 | 95.28 | 105.80 | 164.25 | 190.96 | 223.41 |
| Dividend Payout % | 4% | 7% | 5% | 6% | 5% | 3% | 4% | 6% | 9% | 6% | 5% | 7% |
Financials of Kovai Medical
Capital structure and asset base
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 |
| Reserves | 127 | 165 | 224 | 276 | 332 | 420 | 499 | 598 | 708 | 878 | 1,075 | 1,308 |
| Borrowings + | 163 | 158 | 125 | 202 | 378 | 543 | 623 | 550 | 511 | 310 | 415 | 403 |
| Other Liabilities + | 85 | 96 | 103 | 116 | 129 | 134 | 148 | 184 | 209 | 240 | 299 | 344 |
| Total Liabilities | 386 | 430 | 464 | 605 | 850 | 1,108 | 1,281 | 1,343 | 1,439 | 1,439 | 1,801 | 2,066 |
| Fixed Assets + | 281 | 337 | 354 | 443 | 469 | 643 | 1,033 | 1,085 | 1,088 | 1,118 | 1,283 | 1,474 |
| CWIP | 17 | 10 | 6 | 13 | 227 | 300 | 45 | 5 | 23 | 39 | 154 | 135 |
| Investments | 4 | 4 | 4 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| Other Assets + | 85 | 78 | 100 | 149 | 153 | 165 | 203 | 253 | 328 | 282 | 364 | 457 |
| Total Assets | 386 | 430 | 464 | 605 | 850 | 1,108 | 1,281 | 1,343 | 1,439 | 1,439 | 1,801 | 2,066 |
Financials of Kovai Medical
Operating, investing and financing cash movement
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 97 | 85 | 99 | 87 | 126 | 166 | 186 | 262 | 263 | 344 | 353 | 362 |
| Cash from Investing Activity + | -80 | -113 | -83 | -192 | -352 | -349 | -180 | -292 | -358 | -290 | -612 | -230 |
| Cash from Financing Activity + | -43 | -24 | -50 | 60 | 160 | 113 | 38 | -119 | -86 | -243 | 62 | -58 |
| Net Cash Flow | -26 | -53 | -33 | -45 | -66 | -70 | 44 | -149 | -180 | -189 | -197 | 73 |
| Free Cash Flow | 60 | 14 | 63 | -41 | -151 | -102 | 5 | 163 | 136 | 206 | 1 | 111 |
| CFO/OP | 119% | 109% | 99% | 92% | 117% | 115% | 106% | 115% | 110% | 116% | 106% | 102% |
Financials of Kovai Medical
Working capital efficiency and return ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 9 | 7 | 8 | 8 | 6 | 4 | 7 | 8 | 8 | 5 | 8 | 9 |
| Inventory Days | 25 | 22 | 20 | 23 | 20 | 23 | 19 | 19 | 18 | 17 | 16 | 16 |
| Days Payable | 53 | 47 | 37 | 43 | 47 | 46 | 29 | 20 | 35 | 30 | 29 | 20 |
| Cash Conversion Cycle | -19 | -19 | -9 | -12 | -21 | -19 | -2 | 6 | -9 | -7 | -5 | 5 |
| Working Capital Days | -60 | -56 | -50 | -48 | -55 | -39 | -56 | -49 | -48 | -49 | -57 | -58 |
| ROCE % | 27% | 25% | 31% | 24% | 18% | 15% | 13% | 16% | 17% | 23% | 23% | 22% |
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