RAYS OF BELIEF LIMITED

RAYS OF BELIEF LIMITED

263.60
INR
+1.65
(+0.63%)
2.37EPS
2023 Y
2024 Y
2025 Y
2026 Y
Revenue per Share
10.59
14.64
34.07
39.07
Basic EPS, GAAP
-4.05
0.41
3.07
2.37
Free Cash Flow per Basic Share
-3.62
0.29
-1.71
-1.48
Dividend per Share
- -
- -
- -
- -
Book Value per Share
2.08
2.76
8.4
14.74
Tangible Book Value per Share
1.95
2.69
4.61
12.33
Basic Weighted Avg Shares
21
21
21
21
Sales/Revenue/Turnover
221
306
731
817
Operating Margin (%)
-37.63
0.58
2.08
9.87
Depreciation Expense
12
14
22
43
Net Income, GAAP
-85
9
66
50
Effective Tax Rate (%)
- -
- -
- -
28.16
Profit Margin (%)
-38.21
2.79
9
6.07
Working Capital
28
35
57
191
LT Debt
4
15
74
54
Total Equity
44
58
176
308
Return on Invested Capital (%)
- -
- -
- -
17.03
Return on Capital (%)
- -
- -
- -
17.17
Return on Common Equity (%)
- -
16.83
56.39
20.5

Capital Structure

INR

•

in mil. unless spec.
No data availableFinancial data will appear here once available

Working Capital

INR

•

in mil. unless spec.
No data availableFinancial data will appear here once available

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
- -
75.41%
Free Cash Flow
- -
- -
-15.73%
Net Income, GAAP
- -
- -
-24.65%
Sales/Revenue/Turnover
- -
- -
11.65%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
306
2025
- -
- -
- -
- -
731
2026
- -
- -
- -
- -
817

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.41
2025
- -
- -
- -
- -
3.07
2026
- -
- -
- -
- -
2.37

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

CEO
Nitin Bindlish
Full Time Employees
476
Sector
Health services
Industry
Medical/Nursing services
Address
Gurugram India
Business
Rays of Belief Limited provides personalized pediatric healthcare, developmental therapy, and neurodevelopmental intervention services primarily under the Mom's Belief brand. The company operates through specialized therapeutic disciplines and structured developmental care frameworks, offering comprehensive intervention programs for children diagnosed with neurodevelopmental disorders, including Autism Spectrum Disorder, Attention Deficit Hyperactivity Disorder, Down syndrome, cerebral palsy, intellectual disabilities, and specific learning disabilities. Its multidisciplinary portfolio encompasses early childhood intervention; speech and language pathology; sensory integration and occupational therapy; behavioral modification and Applied Behavior Analysis therapy; special education services; neurodevelopmental and psychological assessments; individualized education and therapy planning; parent-led co-therapist training and family empowerment programs; adolescent vocational skill development; clinic-based instructional tools; and customized home-based developmental learning kits. The company delivers its services through an asset-light network of integrated learning centers, inclusive school-based programs, pediatrician referral channels, and remote tele-therapy platforms, serving pediatric patients ranging from 18 months to 15 years of age. In recent developments, the company completed its initial public offering in September 2026, listing its equity shares on the National Stock Exchange of India under the ticker symbol MOMSBELIEF to fund center expansion, technology infrastructure enhancements, and international growth. In September 2026, Rays of Belief Limited expanded its international footprint into the United States developmental care market through its subsidiary, Mom's Belief US Inc., by completing the acquisition of City Pro Group Inc., a New York-based provider of early intervention, special education, and pediatric healthcare services. The company also maintains strategic collaborative initiatives with global non-profit and developmental organizations, including partnerships with the LEGO Foundation, to advance play-based therapeutic interventions and community-level developmental support. Founded in 2017, Rays of Belief Limited is headquartered in New Delhi, India, with corporate offices in Gurugram, India, and international operations across the United States.