Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

Rama Medicares was originally incorporated as Rama Medicares Private Limited in the State of Uttar Pradesh on April 21, 1995 under the Companies Act, 1956 vide certificate of incorporation issued by Registrar of Companies, Kanpur, Uttar Pradesh. Subsequently the company was converted into Public Limited vide a fresh certificate of incorporation dated January 17, 2003 from Registrar of Companies. The name of the company was changed to Rama Medicares Limited upon conversion into Public Limited Company on January 17, 2003.

Rama Group is a regional player having diversified business interest in the field of healthcare, education, construction, etc. The group also includes Rama Educational Society, a trust formed by the company’s promoters that has played pivotal role in providing educational facilities in streams like medical, dental, para medical, engineering and business administration. It has also provided medical services to the people of Kanpur by setting up of hospitals.

The company is the flagship company of Rama group providing medical services in the vicinity of Kanpur with the objective to spread its arms to Pan India. From 1996-2005 the company was into the business of leasing of medical equipments such as Defibrillator with accessories, Autoclave, Cell Analyser, OT table, OT Light, Life saving respirator, etc. These equipments which are owned by the company were leased out to Rama Educational Society, the owners of the hospital at Lakhanpur and Mandhana and the income generated by the company during the said period was from lease rentals.

During the year 2005, the company commenced managing of operations of 100 beds on license basis belonging to the hospital run by Rama Educational Society Limited at Lakhanpur, Kanpur. Thereafter during 2007, it commenced managing of operations of 150 beds on license basis belonging to the hospital run by Rama Educational Society Limited at Mandhana, Kanpur. The company has recently set up a multi specialty hospital in the name of Rama Satellite Hospital spread across in total area of 24,450 sq ft., having 150 beds capacity situated at Shivrajpur, Kanpur. Presently, the company operates and run 3 Hospitals at Kanpur having a total capacity of 400 beds. The medical services provided at these hospitals include General Surgery, Orthopedic Surgery, Uro Surgery, Nephrology, Neurology, Pediatrics, Gynaecology, Obstetrics, etc. The company is committed to deliver quality healthcare services to its patients and has created quality medical environment at its hospitals supported by advance medical technology and experienced team of Doctors and healthcare professionals. The company is proposing to set up a 300 beds cancer and cardiac super specialty hospital at Mandhana in Kanpur.

The company is presently having four retail pharmacy outlets, out of which three are operational inside the licensed hospital premises and one at its hospital at Shivrajpur. These pharmacy outlets operate on 24X7 basis to ensure smooth supply of medicines to the hospitals.

The company is an ISO 9001:2000 certified company and its financials have shown a consistent growth record in income and profitability in the past.

Milestones

1995 - Incorporation of the Company

2003 - Conversion from Private Limited to Public Limited

2005 - Commenced managing of operations of 100 bed on license basis at Lakhanpur, Kanpur

2007 - Commenced managing of operations of 150 bed on license basis at Mandhana, Kanpur

2008 - Commenced Retail Pharmacy operation

2008 - Received ISO 9001:2000 certificate for Lakhanpur and Mandhana Hospital

2010 - Set up the company’s own multi specialty 150 bed hospital at Shivrajpur, Kanpur.