Vijaya Diagnostic Centre Ltd - Stock Valuation and Financial Performance

BSE: 543350 | NSE: VIJAYA | Hospital & Healthcare Services | Small Cap

Vijaya Diagnostic Share Price

1,068.30 59.20 5.87%
as on 19-Nov'24 16:59

DeciZen - make an informed investing decision on Vijaya Diagnostic

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Vijaya Diagnostic Centre stock performance -

mw4me loader
P/E Ratio (CD):
78.11
Market Cap:
10,356.3 Cr.
52-wk low:
580.8
52-wk high:
1,136

Is Vijaya Diagnostic Centre Ltd an attractive stock to invest in?

1. Is Vijaya Diagnostic Centre Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Vijaya Diagnostic Centre Ltd is a good quality company.

2. Is Vijaya Diagnostic Centre Ltd undervalued or overvalued?

The key valuation ratios of Vijaya Diagnostic Centre Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Vijaya Diagnostic Centre Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Vijaya Diagnostic Centre Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

10 Year X-Ray of Vijaya Diagnostic:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Vijaya Diagnostic Centre Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Value Creation Index Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 0%0%0%0%31.6%35.5%38%39.4%26.5%30.4%-
Value Creation
Index
NANANANA1.31.61.81.80.91.3-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 0000293339377462459548627
Sales YoY Gr.-NANANANA15.8%11.2%22.7%-0.7%19.3%-
Adj EPS 00004.568.310.78.311.812.9
YoY Gr.-NANANANA34.2%37.6%29.5%-22.6%42.7%-
BVPS (₹) 000020.126.935.145.753.264.170.6
Adj Net
Profit
000045.661.384.410984.6121133
Cash Flow from Ops. 000090.5106130158165183-
Debt/CF from Ops. 00000.50.30000-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NA13.4%13.3%19.3%
Adj EPS NA21.4%12.7%42.7%
BVPSNA26.1%22.2%20.5%
Share Price - - 23.2% 78.6%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
00002225.426.626.416.720.219.2
Op. Profit
Mgn %
00003739.144.144.139.640.340.3
Net Profit
Mgn %
000015.718.122.623.818.522.321.1
Debt to
Equity
00000.20.100000
Working Cap
Days
00000263035362864
Cash Conv.
Cycle
00000-32-31-25-27-3040

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 13.29%

Net Profit is growing at healthy rate in last 3 years 12.67%

Sales growth is good in last 4 quarters at 26.60%

Return on Equity has declined versus last 3 years average to 19.20%

Latest Financials - Vijaya Diagnostic Centre Ltd.

Standalone Consolidated
TTM EPS (₹) 12.1 12.9
TTM Sales (₹ Cr.) 581 627
BVPS (₹.) 69.8 70.6
Reserves (₹ Cr.) 706 715
P/BV 14.46 14.29
PE 83.44 78.11
From the Market
52 Week Low / High (₹) 580.75 / 1136.00
All Time Low / High (₹) 292.00 / 1136.00
Market Cap (₹ Cr.) 10,356
Equity (₹ Cr.) 10.3
Face Value (₹) 1
Industry PE 40.1

Management X-Ray of Vijaya Diagnostic:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Vijaya Diagnostic

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales293339377462459548
Operating Expenses 184206211259277330
Manufacturing Costs222533364452
Material Costs404457715965
Employee Cost 546257717890
Other Costs 6875638096122
Operating Profit 108133166204182218
Operating Profit Margin (%) 37.0%39.1%44.1%44.1%39.6%39.7%
Other Income 101512131424
Interest 141515162124
Depreciation 404950536257
Exceptional Items 00000-2
Profit Before Tax 6583112147114159
Tax 192127372839
Profit After Tax 46638511185120
PAT Margin (%) 15.8%18.4%22.6%23.9%18.6%21.8%
Adjusted EPS (₹)4.56.18.310.88.311.6
Dividend Payout Ratio (%)0%0%0%9%12%9%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 207275358466543656
Share Capital 755101010
Reserves 200270354456533646
Minority Interest-0-00123
Debt33234100
Long Term Debt32223000
Short Term Debt211100
Trade Payables222222222833
Others Liabilities 143161150215273288
Total Liabilities 405481535705845980

Fixed Assets

Gross Block3493924375898001,069
Accumulated Depreciation89121169219276327
Net Fixed Assets259272268370524742
CWIP 310934289
Investments 69552854139109
Inventories233425
Trade Receivables98710916
Cash Equivalents 5311819419211673
Others Assets101627392725
Total Assets 405481535705845980

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 91106130158165183
PBT 6583112147114159
Adjustment 434953576860
Changes in Working Capital 1-3-5-79-1
Tax Paid -19-23-31-40-26-34
Cash Flow From Investing Activity -90-31-130-123-110-142
Capex -59-37-31-121-125-85
Net Investments -311-103-13982
Others 165116-140
Cash Flow From Financing Activity -7-30-49-31-42-45
Net Proceeds from Shares 000013
Net Proceeds from Borrowing 7-9-28-300
Interest Paid -3-3-1-200
Dividend Paid 0000-10-10
Others -12-17-19-25-33-37
Net Cash Flow -646-49413-4
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)22.5826.0726.9126.8516.8919.96
ROCE (%)31.5635.4737.9739.3726.5330.4
Asset Turnover Ratio0.720.760.740.750.590.6
PAT to CFO Conversion(x)1.981.681.531.421.941.53
Working Capital Days
Receivable Days1197789
Inventory Days333332
Payable Days196181140112153169

Vijaya Diagnostic Centre Ltd Stock News

Vijaya Diagnostic Centre Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Vijaya Diagnostic on 19-Nov-2024 16:59 is ₹1,068.3.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 19-Nov-2024 16:59 the market cap of Vijaya Diagnostic stood at ₹10,356.3.
The latest P/E ratio of Vijaya Diagnostic as of 19-Nov-2024 16:59 is 83.44.
The latest P/B ratio of Vijaya Diagnostic as of 19-Nov-2024 16:59 is 14.46.
The 52-week high of Vijaya Diagnostic is ₹1,136 and the 52-week low is ₹580.8.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Vijaya Diagnostic is ₹581.2 ( Cr.) .

About Vijaya Diagnostic Centre Ltd

The company is the largest integrated diagnostic chain in southern India, by operating revenue, and also one of the fastest-growing diagnostic chain by revenue for fiscal year 2020. It offer a one-stop solution for pathology and radiology testing services to its customers through its extensive operational network, which consists of 81 diagnostic centres and 11 reference laboratories across 13 cities and towns in the states of Telangana and Andhra Pradesh and in the National Capital Region and Kolkata as on June 30, 2021.

The company offers a comprehensive range of approximately 740 routine and 870 specialized pathology tests and approximately 220 basic and 320 advanced radiology tests that cover a range of specialties and disciplines, as of June 30, 2021. Its test menu includes pathology tests ranging from basic biochemistry and clinical pathology to cytogenetics and high-end molecular diagnostic tests, and radiology tests ranging from basic echocardiograms, X-rays and ultrasounds to advanced radiology tests including computerised tomography (CT) scans, magnetic resonance imaging (MRI) scans, single photon emission computed tomography (SPECT) and advanced positron emission tomography CT (PET CT).

It also offer a broad spectrum of health and wellness packages to its customers as per their requirements. The company focus on a customer centric approach to enhance the overall quality of its services for optimal customer satisfaction. For convenience of its customers, it provide value-added services such as home collection of specimens, house calls and various delivery or access modes (i.e., at diagnostic centres, SMS, email and web portal) for test reports. Several factors, including the strength of its brand, integrated services model, quality of its diagnostic services, center infrastructure and customer experience, convenience of its operational network and home collection in its core geographies are important differentiating factors in customers choosing it as their preferred diagnostic service provider, which helps it in retaining its customers, and sets it apart from its competitors.

Business area of the company

The company is one of the fastest-growing diagnostic chains in Southern India. It offers a one-stop solution for pathology and radiology testing services.

Awards, accreditations and recognitions

  • 2012: The company was recognised as one of the Best Imaging Centres in Hyderabad the Week- Hansa Research national survey 2012.
  • 2018: The company was awarded the Healthcare Leadership Award at the Telangana Healthcare Leadership Award 2018.
  • 2018: The Company was awarded the Fastest Growing Brand (Pride of the Nation) 2018-2019 by United Research Services.
  • 2018: The company’s centre at Gurgaon received the ISO 15189:2012 “Medical Laboratories - Requirements for quality and competence” for its facilities in the field of medical testing by NABL.
  • 2019: The company was awarded the Best Diagnostic Centre of the Year, India - 2019 by the Times Healthcare Achievers, The Times of India.
  • 2019: The company was awarded the Best Diagnostic Service Provider of the Year - 2019 at the Six Sigma Healthcare Excellence Awards, 2019.
  • 2019: The company’s centre at Hanamkonda received the ISO 15189:2012 “Medical Laboratories - Requirements for quality and competence” for its facilities in the field of medical testing by NABL.
  • 2019: The company’s centre at Kukatpally received scope of accreditation from NABH.
  • 2020: The Company was awarded the Most Trusted and Best Quality Diagnostic Services in India 2020 at the COVID Warriors Awards, 2020 by Topgallant Media.
  • 2020: The company’s centre at Himayatnagar received the ISO 15189:2012 “Medical Laboratories - Requirements for quality and competence” for its facilities in the field of medical testing by NABL.
  • 2020: The company’s centre at Sarojini Devi Road received scope of accreditation from NABH.
  • 2020: The company’s centre at Habsiguda received the ISO 15189:2012 by NABL.
  • 2021: The company has received the ‘Award of Excellence’ as the leading Imaging Centre (Multiple City) at the Radiology and Imaging Excellence Awards, 2021.
  • 2021: The company was awarded the Award of Excellence for leading from the front during the pandemic under the Leading Diagnostic Chain of the Year by Elets Technomedia.
  • 2021: The company received the certificate of recognition from the Economic Times as one of the Best Healthcare Brands -2021.

Major events and milestones

  • 2005: Business was transferred from proprietorship to the company.
  • 2008: First independent diagnostic centre in South India to get PET CT from Wipro GE Healthcare Private Limited.
  • 2014: Acquisition of majority shareholding in 'Medinova Diagnostic Services Limited'.
  • 2016: Investment by Karakoram Limited and Kedaara Capital Alternative Investment Fund - Kedaara Capital AIF 1.
  • 2021: First independent diagnostic centre in the State of Telangana to get Revolution ACT 50 slice CT from Wipro GE Healthcare Private Limited.
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