MOMSBELIEF · NSE
Rays of Belief Limited
₹232.85
+4.68% (+₹10.41)
Prev. close
₹222.44
Volume
1,20,424
Delivery %
45.0%
As of
25 Sept 2026
Price history
No analyst calls on this stock in the last 90 days yet.
Explore by date range →Analyst opinions
Fundamentals
About Rays of Belief Limited
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 and other developmental delays. The company's services include occupational therapy to enhance motor skills and daily functioning; speech therapy to improve communication and language abilities; special education and individualized learning support for children with diverse needs, Applied Behaviour Analysis (ABA), behaviour-based intervention for skill development; language and communication therapy to strengthen verbal and social communication; and adult counselling to support parents and caregivers Rays of Belief Limited was incorporated in 2017 and is headquartered in Gurugram, India. Rays of Belief Limited is a subsidiary of Carving Futures Pte. Ltd.
Details
Sector
Healthcare
Industry
Medical Care Facilities
CEO
Mr. Nitin Bindlish
Headquarters
Gurugram
Website
momsbelief.comExchange
View on NSE ↗Key stats
Market cap
₹486.70 Cr
P/E ratio (TTM)
97.8
EPS (TTM)
₹2.38
Shares float
40.27 L
Financial Performance
01 · Financials
FY23 growth needs FY22 filings, which the data source doesn't provide.
02 · Earnings Per Share (EPS)
04 · Operating Efficiency (Growth Rates)
Balance-sheet-based · pre-FY23 not filed in verifiable form
05 · Capital Structure & Asset Utilization
Pre-FY23 not filed in verifiable form
Asset turnover needs a prior year of assets — omitted for the earliest available year.
06 · Asset Base Composition
Pre-FY23 not filed in verifiable form
07 · Debt Level & Coverage
Pre-FY23 not filed in verifiable form
08 · Profit & Loss
Annual
| Line item | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| ₹22.13 Cr | ₹30.61 Cr | ₹73.14 Cr | ₹81.66 Cr | |
| EBITDA | ₹-7.08 Cr | ₹1.65 Cr | ₹3.84 Cr | ₹12.31 Cr |
| ₹-8.46 Cr | ₹85.30 L | ₹6.58 Cr | ₹4.96 Cr | |
| Diluted EPS | ₹-4.05 | ₹0.41 | ₹210.24 | — |
Diluted EPS has filed figures for only some of the years shown — the missing years are left blank rather than estimated.
09 · Balance Sheet
Annual
| Line item | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| ₹7.78 Cr | ₹12.89 Cr | ₹37.86 Cr | ₹50.89 Cr | |
| ₹1.41 Cr | ₹2.13 Cr | ₹9.23 Cr | ₹9.33 Cr | |
| Stockholders' equity | ₹4.36 Cr | ₹5.78 Cr | ₹17.57 Cr | ₹30.81 Cr |
Inventory shows ₹0 for 2025-03-31 — this deck's own annual-report reading has no Inventory figure for this filer in any year shown (2025-03-31, 2024-03-31, 2026-03-31 alike); the ₹0 shown here comes from this filer's own reported data feed rather than this deck's own extraction, and is positively consistent with a filer that holds no physical inventory (typical for lenders and other financial-services companies) rather than a display default. 2024-03-31, 2026-03-31 have no Inventory figure reaching this deck at all — not shown as zero, not shown as positive — left blank rather than assumed to match the other years.
Annual only — the data source doesn’t publish quarterly balance-sheet detail for most NSE-listed companies.
10 · Cash Flow Statement
Annual
| Line item | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| ₹-6.86 Cr | ₹2.10 Cr | ₹-1.81 Cr | ₹-1.94 Cr | |
| Investing cash flow | ₹1.52 Cr | ₹-2.75 Cr | ₹-2.04 Cr | ₹-6.18 Cr |
| ₹7.56 Cr | ₹1.04 Cr | ₹4.90 Cr | ₹6.04 Cr | |
| Capital expenditure | ₹-71.40 L | ₹-1.49 Cr | ₹-1.85 Cr | ₹-1.14 Cr |
| End cash position | ₹3.90 Cr | ₹4.29 Cr | ₹5.34 Cr | ₹3.26 Cr |
Annual only — the data source has no quarterly cash-flow-statement coverage.
11 · Shareholding Pattern
NSE, quarterly
| Line item | Sep 26 |
|---|---|
| Promoter | 68.77% |
| Public | 31.23% |
| Employee trusts | 0.00% |
Source: NSE quarterly shareholding-pattern filings, collapsed to periods where the reported percentages held steady — a column spanning several quarters means no change was filed across them. No FII/DII sub-split available from this source — Public includes all non-promoter, non-employee-trust holders.
12 · Peer Comparison
Healthcare
| Company | ||||||||
|---|---|---|---|---|---|---|---|---|
| Sun Pharmaceutical Industries Limited | ₹4.44 L Cr | ₹1,852.2 | 37.0 | 5.31 | 13.7% | 0.06 | +11.9% | +13.8% |
| Divi's Laboratories Limited | ₹2.55 L Cr | ₹9,619.5 | 87.0 | 15.21 | 15.3% | 0.00 | +12.3% | +63.1% |
| Torrent Pharmaceuticals Limited | ₹1.90 L Cr | ₹4,928.5 | 79.5 | 22.60 | 25.8% | 1.79 | +21.5% | +36.3% |
| Apollo Hospitals Enterprise Limited | ₹1.28 L Cr | ₹8,889 | 62.5 | 13.48 | 20.5% | 0.90 | +15.7% | +16.6% |
| Lenskart Solutions Limited | ₹1.17 L Cr | ₹680.25 | 177.9 | 13.39 | 5.6% | 0.35 | +35.4% | — |
| Zydus Lifesciences Limited | ₹1.17 L Cr | ₹1,180.3 | 26.1 | 4.31 | 18.6% | 0.46 | +18.4% | +13.9% |
| Cipla Limited | ₹1.13 L Cr | ₹1,399.7 | 33.1 | 3.28 | 11.3% | 0.02 | +2.1% | -7.3% |
| Laurus Labs Limited | ₹1.09 L Cr | ₹2,007 | 100.4 | 20.52 | 16.8% | 0.48 | +22.0% | +123.9% |
| Mankind Pharma Limited | ₹1.02 L Cr | ₹2,500 | 49.0 | 6.25 | 11.7% | 0.39 | +17.0% | -1.2% |
| Max Healthcare Institute Limited | ₹1.02 L Cr | ₹1,014 | 70.0 | 9.47 | 13.4% | 0.32 | +19.0% | -10.9% |
| Dr. Reddy's Laboratories Limited | ₹99,991.95 Cr | ₹1,201 | 30.5 | 2.65 | 11.4% | 0.21 | +3.2% | -5.8% |
| Rays of Belief Limited | ₹486.70 Cr | ₹232.85 | 97.8 | 15.80 | 16.1% | 0.30 | +11.6% | — |
Ranked by market cap within Healthcare, same metrics as the Fundamentals screener. Click a column to sort.
Rays of Belief Ltd (Mom's Belief) Expands U.S. Developmental Care Platform with Acquisition of City Pro Group
Business Standard · 5 days ago
Luthra and Luthra Law Offices India advises Rays of Belief Limited and Mefcom Capital Markets Limited on this IPO
BW Legal World · 5 days ago