Rainbow Children’s Medicare Share Price Target 2023, 2024, 2025: 2532 INR by 2030!

Rainbow Children’s Healthcare is one of the fastest growing chains of Hospitals in India with a vision of affordable healthcare for all. It trades on NSE with the symbol RAINBOW. It is sometimes called Rainbow hospitals. In this post we are going to see the share price target of Rainbow hospitals from 2023 to 2030.

Can RAINBOW share price touch 1500 INR by 2025? Let’s find out.

A renowned multi-specialty pediatric and prenatal care hospital chain in India, Rainbow Children’s Medicare Limited (RCML), has released its financial results for the third quarter and the fiscal year that ends on March 31, 2023. As seen by a considerable increase in crucial operational measures including outpatient footfalls, inpatient volumes, and occupancy rates, the firm displays strong operational and financial performance throughout the fiscal year FY23, with sustained development throughout the fourth quarter. The gains made in the second and third quarters are being built upon by this momentum.

Dr. Ramesh Kancharla, Chairman and Managing Director of Rainbow Children’s Medicare Ltd., commented on the company’s performance for the Q4, FY2023, saying, “It gives me great pleasure to announce that the company has shown a formidable performance in the last quarter, driven by a significant increase in patient footfall across all our hospitals. Revenues for the fourth quarter of fiscal year 2023 were Rs. 3,169.66 million, an excellent increase of 49.20% over the same period of fiscal year 2022’s revenue of Rs. 2,124.47 million. In addition, the EBIDTA for the final quarter of FY23 was Rs. 980.07 million, representing a significant increase of 103.62% over the final quarter of FY22, which had an EBIDTA of Rs. 481.33 million. The PAT for Q4 FY23 was Rs. 538.63 million, displaying a growth of 339.34% compared to Q4 FY22, which had a PAT of Rs. 122.60 million.”The firm is concentrated on carrying out the business strategy presented at the IPO, which calls for the addition of 1000 beds throughout the target areas. 270 more beds are scheduled to be added for the current fiscal year in Central Hyderabad (60 beds), Hydernagar (50 beds), Anna Nagar (80 beds), and Sarjapur (80 beds). In the next fiscal year, Rajahmundry (100 beds) and a new spoke hospital in Bengaluru (60 beds) are expected to open an additional 160 beds. Additionally, by FY26-27, the business wants to add 400 more beds around the National Capital Region.

What You Need To Know About Rainbow Children’s Medicare

Rainbow Children’s Medicare is a public limited company registered with Companies House. Originally registered as “Rainbow Children’s Medicare Private Limited” under the Public Limited Company clause, we became “Rainbow Children’s Medicare Limited” on November 3 2021 following the approval of our shareholders who passed the Certificate of Incorporation Special Resolution.

This company has 14 pediatric and obstetrics and gynecology hospitals that span six cities in India with 1500 total beds. Five of these are NABH accredited, and three have EDGE certification.

The company offers a wide range of services including primary care, secondary care, tertiary care, and quaternary care.

Background

Rainbow Children’s Medicare is a leading provider of pediatric healthcare services in India. The company has a strong presence in both urban and rural areas, with a network of over 200 hospitals and clinics. It also has a strong focus on research and development, with over 50% of its revenues coming from R&D activities.

ICRA expects Rainbow Children’s Medicare to report strong growth in the coming years, driven by increasing demand for paediatric healthcare services in India. The company is well-positioned to benefit from this demand due to its strong brand equity, large scale operations, and diversified service offering.

The Market for Rainbow Children’s Medicare 

The market for Rainbow Children’s Medicare Share Price Target is quite good in the current scenario. The company has a foothold in the Indian markets, and many customers love their products. The shares are currently undervalued, which gives an investor a lot of opportunity for speculation on their appreciation in value. Set the share price target at a height that is both realistically achievable and attainable in the near future.

RAINBOW Share Price Target 2023

Year 2023 will be an extraordinary growth for Rainbow Children’s share price. It could reach Rs. 965 in the month of November, 2023 and the highest value will be Rs. 1090 and the expected minimum value would be ₹426.14 (May 2023).

Rainbow Children’s Share Price Prediction: 2024

Rainbow Children’s share price in 2024 will give a gradual increase from 794INR to 1271INR.

The minimum share price target for Rainbow Children’s Hospital would be Rs.794 where maximum share price target would be Rs.1271.92.

It’s up to shareholders choice to invest for a long term in Rainbow children. Investor who aims for long term investment could gain more here.

Rainbow Children’s Share Price Prediction: 2025

Rainbow children’s share price 2025 will reach maximum value of Rs. 1251 and the minimum value will be Rs. 978.

Year Wise Rainbow Children’s Target Price: 2023 to 2030 (Summary)

Rainbow Childrens Medicare Ltd. is a company that deals in the Miscellaneous industry, which falls under the Hospital & Healthcare Services vertical. Rainbow’s stock is currently priced at Rs 642.50 with the company paying a dividend of 0.31%.

In terms of market capitalization, Rainbow Childrens Medicare Limited has a capitalization of 4330.06 crores which ought to increase as the share price rises.

NSE:RAINBOW performs well in terms of profit margins and book value, making it a great choice for investors. 

Estimated Revenue of Rainbow Children Medicare

The revenue of Rainbow Children’s Medical is expected to reach 16.26 Billion in the end of year 2024.

So, investing for a long term will provide huge growth for the investors. Analysts predicts that there will a small dip in 2025 but that is the right time to buy stocks which will hike up in the next year gradually and gives great growth in 2038 to 2030.

Technical Analysis of Rainbow Children’s Medicare Share Price

Technical analysis also shows that there will a hike in the share price for 2022. And investors and expected to wait and then sell the stock to gain more profit.

It is estimated to reach at INR 670 in October. Its definitely a bullish market that is clear call for sell when it reaches 670. And if you are planning to invest for a long term also, it will be good call since 2024 predictions shows a big gain.

The Earnings per share have grown by more than 80% to 20.28 in May 2023, the Price-to-Earnings ratio has also increased to 44.18.

Drivers of Share Price

The drivers for this share price target are as follows:

1) Strong growth prospects: The company has strong growth prospects, driven by rising income levels and healthcare expenditure in India.

2) Favourable demographics: The company benefits from favorable demographics, with a large base of young population in India.

3) The company has a diversified product portfolio, which covers various segments of the healthcare market. Their experienced management team helped to execute successful strategies in the past.

4) It has a good and strong Earning per share growth.

5) Positive quarterly growth can e clearly seen by analyzing the recent results.

What is the competitive landscape for Rainbow Children’s Medicare Share Price Target?

The company has a favorable reputation and many customers depend on their products for quality.

Moreover, the company enjoys a large customer base and a wide distribution network. However, the competition is intense in this sector and there are many other companies offering similar products at lower prices.

FAQ

What is Rainbow Share Price Target 2030?

Rainbow Share price target 2030 is 2732 INR

How many hospitals are owned by Rainbow hospital group in India?

Currently the Rainbow Hospital Group operates 15 hospitals and 3 outpatient clinics from their locations in India. The hospitals are in Hyderabad, Bangalore, Delhi, Chennai, and Vijayawada.

What is the Rainbow Children’s Market Capital?

As of May 20th, Rainbow Children’s Medicare has a Market Cap of 9303 crores.

What is the Rainbow children’s share price target 2025?

The maximum value the Rainbow Children’s Share price can reach up to 1251 in 2025. And the minimum value will come around 970.

Will the Rainbow Children’s share price reach Rs. 2000?

It is expected to touch 2000 as share price in the year 2028.

Read Also:

• URJA Global Share Price Target 2023-2025
• Metropolis Healthcare: Why I am buying this Stock

Conclusion

Medical sector is expected to grow, and according to our research and price prediction, Rainbow Hospital share price is a good buy. The company has strong infrastructure and is well-placed to capitalize on the growth of healthcare services in India. Out of all hospitals, Rainbow hospital YOY growth is the highest.

At the time of writing this article, I do not have any holdings of Rainbow Children’s share. However, I do plan to take positions in future.Also, the future is uncertain, as proved in 2020 during the boom of CoronaVirus.

Author: Muhil Content Writer, Has experience in working with various industries and huge interest in writing news, cryptocurrency, stock market, banking operations and also about travelling blogs.