As of 6 Nov 2026, Rays of Belief trades at 62.1× trailing earnings, above the industry P/E of 47.7×, and the shares are 22% below their 52-week high. Sales grew 55% a year over 3 years; its ROCE of 21% is the highest among the 7 largest Medical Care Facilities peers. Debt is 0.30× equity. It is a small-cap company with a market cap of ₹514 Cr, ranked 25th of 40 Medical Care Facilities companies by market cap; the shares rose 9.3% over the past year.
- ₹252.11
- ₹253.09
- ₹245.00
- ₹249.50
- 52.5K
Health check
- ReturnsAhead
+9.3% over a year, better than 6 of 7 peers.
- Price tagPricier
P/E 62.1 vs industry 47.7.
- GrowthStrong
Sales +54.5% a year over 3 years.
- ProfitabilityStrong
ROCE 21.5% vs peer median 11.9%.
- Balance sheetSolid
Debt 0.30× equity, interest covered 7.3×.
- Red flagsNone found
No warning signs in the headline numbers.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹514 Cr
- Small cap
- P/E
- 62.1
- Industry 47.7
- Price to book
- 12.39
- Peers 8.03
- Dividend yield
- 0.00%
- ROE
- 20.5%
- Peers 12.8%
- ROCE
- 21.5%
- Peers 11.9%
- Debt to equity
- 0.30
- Debt ₹9.33 Cr
- EPS (TTM)
- ₹3.96
- Face value ₹10
- OPM (TTM)
- 15.6%
- Net margin 8.7%
- Sales growth
- +136.4%
- Latest quarter vs a year ago
- Profit growth
- n/a
- Year-ago quarter not reported
- Price to sales
- 5.34
- EV/EBITDA 29.7
Strengths and risks
Strengths
- Return on equity of 20.5%.
- Return on capital employed of 21.5%.
- Quarterly sales up 136.4% on a year ago.
About Rays of Belief
Rays of Belief Limited operates as a holistic care provider for children with autism, ADHD, Down syndrome, and other developmental delays and disorders in India. The company provides subscription-based, guided therapy programs designed to empower parents of children with special needs. The company operates through its brand, Mom's Belief, a child development and therapy organization that creates personalized therapeutic programs for children with autism…
- Headquarters
- Gurugram
- Sector
- Healthcare
- ISIN
- INE1FCO01014
- Website
- momsbelief.com
Price range
- Avg volume (3M)
- 8.2 L
- 1-year return
- plus 9.3%
- From 52-week high
- minus 21.9%
Peers · Medical Care Facilities
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| APOLLOHOSPApollo Hospitals Enterprise | 8,446.00 | plus 0.90% | 1,21,441 | 54.0 | 11.45 | 19.2% | 22.5% | 15.1% | 14.8% | 33.3% | 0.24% | plus 7.2% |
| MAXHEALTHMax Healthcare Institute | 934.00 | plus 0.21% | 90,909 | 66.1 | 8.03 | 12.6% | 12.8% | 26.8% | 22.4% | 9.3% | 0.21% | minus 18.1% |
| MANIPALHOSManipal Health Enterprises | 646.70 | minus 1.61% | 85,065 | 133.6 | 9.05 | 9.8% | 9.2% | 17.8% | – | – | 0.00% | minus 1.5% |
| ASTERDMAster DM Quality Care | 713.15 | minus 0.89% | 62,092 | 115.6 | 8.03 | 9.4% | 9.7% | 19.2% | 15.7% | −3.0% | 0.42% | plus 4.5% |
| FORTISFortis Healthcare | 766.90 | minus 6.45% | 57,898 | 55.3 | 5.52 | 11.9% | 11.1% | 22.4% | 13.3% | 20.9% | 0.12% | minus 19.6% |
| NHNarayana Hrudayalaya | 1,903.00 | minus 0.65% | 38,650 | 44.7 | 7.73 | 11.4% | 19.1% | 18.5% | 20.5% | 9.9% | 0.23% | plus 4.7% |
| MEDANTAGlobal Health | 1,387.60 | minus 0.15% | 37,264 | 60.4 | 8.63 | 15.0% | 15.2% | 20.9% | 17.2% | 19.5% | 0.04% | plus 11.2% |
| MOMSBELIEFRays of Belief | 245.89 | minus 1.45% | 514 | 62.1 | 12.39 | 21.5% | 20.5% | 15.6% | 54.5% | – | 0.00% | plus 9.3% |
| Median of 7 peers | – | −0.65% | 62,092 | 60.4 | 8.03 | 11.9% | 12.8% | 19.2% | 16.5% | 14.7% | 0.21% | 4.5% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Jun 26 |
|---|---|---|---|
| 10.7 | 32.4 | 25.3 | |
| 10.2 | 28.3 | 20.3 | |
| 0.5 | 4.2 | 5 | |
| 4.4% | 12.8% | 19.9% | |
| 0.1 | −0.2 | 0.1 | |
| 0.2 | 0.4 | 0.2 | |
| 0.7 | 1.2 | 1.1 | |
| −0.4 | 2.4 | 3.8 | |
| −48.3% | 19.9% | 25.7% | |
| −0.5 | 1.9 | 2.8 | |
| -0.26 | – | 1.33 |
Profit & loss
- Sales CAGR 3Y
- +54.5%
- ROE
- 20.5%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 22.1 | 30.6 | 73.1 | 81.7 | |
| – | +38.3% | +139.0% | +11.6% | |
| 29.2 | 29 | 69.4 | 69.3 | |
| −7.1 | 1.6 | 3.7 | 12.4 | |
| −32.0% | 5.2% | 5.1% | 15.2% | |
| 0.1 | 0.1 | 0.1 | −0 | |
| 0.1 | 0.1 | 0.6 | 1.1 | |
| 1.2 | 1.4 | 2.2 | 4.3 | |
| −0.1 | −0 | – | −0 | |
| −8.5 | 0.1 | 1 | 6.9 | |
| – | −753.0% | −528.0% | 28.2% | |
| −8.5 | 0.9 | 6.6 | 5 | |
| – | – | +671.5% | minus 24.6% | |
| -4.05 | 0.41 | 210.24 | 2.37 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 0.3 | 0.3 | 0.5 | 15.6 | |
| 4.1 | 5.5 | 17.1 | 15.2 | |
| 1.4 | 2.1 | 9.2 | 9.3 | |
| 2 | 5 | 11.1 | 10.8 | |
| 7.8 | 12.9 | 37.9 | 50.9 | |
| 1.9 | 3.8 | 4.6 | 7.2 | |
| 0.1 | 0.4 | 0.3 | – | |
| – | 0.3 | 0.5 | 0.1 | |
| 3.9 | 4.6 | 6.8 | 6.2 | |
| 1.9 | 3.8 | 25.6 | 37.3 | |
| 7.8 | 12.9 | 37.9 | 50.9 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| −6.9 | 2.1 | −1.8 | −1.9 | |
| 1.5 | −2.7 | −2 | −6.2 | |
| 7.6 | 1 | 4.9 | 6 | |
| 2.2 | 0.4 | 1.1 | −2.1 | |
| −0.7 | −1.5 | −1.9 | −1.1 | |
| −7.6 | 0.6 | −3.7 | −3.1 |
Shareholding pattern
- Promoters68.77%
- Public31.23%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 68.77% | 31.23% | 0.00 | |
| 7 Sep 2026 | 68.77% | 31.23% | – |
Major shareholders
Filings & events
News
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