#KIMS Analysis.

Pros:
1. Ethical management.
2. Reduced Debt.
3. Focusing on Tier#2,3 cities & building new hospitals in Banglore & Chennai.
4. Highest EBITDA margins among Hospital Sector.
5. Attrition rate of doctors is low as majority of the doctors had ESOPS.

Cons:
1. ROCE in hospital sector takes min 7 yrs.
2. Health Insurance is still nascent stage.
3. Focused only on South India.
4. Competition & govt regulations.
5. Promoters reduced stake as promoters lost money in other business.

Pfa for analysis by HDFC securities.

Krishna Institute of Medical Sciences Ltd - Initiating Coverage - 17.01.2022.pdf
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