Rays of Belief Limited

NSE: MOMSBELIEF · Hospital

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52W Range₹201 – ₹315

Snapshot

Unlock Rays of Belief Limited's vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

Rays of Belief Limited operates as a for-profit social enterprise delivering personalized intervention plans for children with neurodevelopmental disorders under the brand name Mom's Belief. The company provides multidisciplinary services such as early intervention, occupational therapy, language therapy, and specialized vocational programs.

Business Model

The company generates revenue by offering specialized clinical services and therapeutic programs through its network of physical centres and parental guidance initiatives. It operates a growing footprint of centres across multiple cities in India alongside international presence.

  • Centres:136 centres across 57 cities in India and 3 in the USA
  • Children Served:Over 58,000 children since inception

Management Commentary

Management highlights significant operational expansion, driven by center network scaling and a growing team of clinical professionals supporting neurodevelopmental care.

Growth Outlook

Growth is underpinned by the expansion of center counts, scaling into new domestic and international geographies, and increasing awareness of early intervention for neurodevelopmental disorders.

  • Revenue CAGR (Fiscal 2024 to Fiscal 2026):63.34%

Key Risks

  • Clinical Talent Retention. The quality and scalability of services depend heavily on attracting and retaining qualified clinical professionals and therapists.
  • Regulatory and Compliance. Operating specialized healthcare and therapeutic facilities subjects the company to evolving healthcare regulations across jurisdictions.
  • Geographic Expansion Execution. Scaling center counts across diverse domestic and international markets carries execution and capital allocation risks.

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Peers · Hospital

CompanyMkt CapP/E (TTM)EV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
Rays of Belief LimitedMOMSBELIEF
₹476 Cr———11.3%———
Asarfi Hospital Ltd.ASARFI
₹334 Cr———20.0%——+29.4%
Hannah Joseph Hospital LimitedHANNAH
₹261 Cr———27.0%———
Lotus Eye Hospital And Institute Ltd.LOTUSEYE
₹240 Cr1446.0×41.2014.1%10.6%0.2%2.2%-5.9%
Aashka Hospitals Ltd.AASHKA
₹183 Cr———22.8%——+25.6%
Fortis Malar Hospitals Ltd.FORTISMLR
₹78 Cr516.1×119.9550.0%-3140.0%0.4%2.0%-36.4%

As of Mar 2026

Financials