Kovai Medical Center and Hospital - Health and Wealth

I get where you are coming from, but if my assumptions are correct, Sales and Profits will see big leaps for at least the next 2 or so years The last two years have been brutal in terms of reinvestment (i.e. Massively negative Free Cash Flows) and a big reason why the share dropped almost by half. If you’d like it explained via the P&L, essentially the Sales were growing nominally, while Depreciation spiked due to more Assets (Read: Building/Structures) and construction WIP on the books. This is standard for any company coming out of a big Capex.

Read this short note by @varadharajanr to know more:

1 Like