Established track record of operations and experienced management
 DMIHER has been in operations since 1988. The Promoter, Mr. Dattatraya Raghobaji Meghe has experience of around three decades. Other trustees, Mr. Madhukar Janrao Ingle, Mr. Sagar Dattatraya Meghe, Mr. Ravi Dinkar Meghe, Mr. Manish Balam Vaidya, Mr. Sandeep Vitthaal Meghe and Mr. Nitin Shriram Korke has more than two decades of experience in the field of education. The founders along with a strong team of more than 650 qualified faculty members have been imparting quality education to their students.  Acuité believes that DMIHER would continue to benefit from promoters’ experience and the qualified team.

Growing revenues and healthy occupancy levels

DMIHER has 23 institutes along with 4 teaching hospitals including 1 dental care hospital (3 on campus and 1 off campus) and 10 hostel facilities available for the students in the campus under the deemed to be university and trust. The total sanctioned seats for the year have been increased to 4156 seats in FY24 from 3614 seats in FY23. On absolute basis there is an increase in number of students enrolled from 3436 in FY23 to 3591 in FY24 however on a percentage basis the occupancy levels have recorded a slight decline from 95% in FY2023 to 86% in FY2024. The total revenue of the trust stood at Rs. 844.54 Cr. in FY2024 as against Rs. 732.78 Cr. in FY2023, reflecting a year-over-year increase of 15.25%. This growth was attributed to higher fee receipts and an increased in total enrolled students.

Healthy financial risk profile

The trust maintains a healthy financial risk profile characterized by high net worth, moderate gearing, and moderate debt protection metrics. As of March 31, 2024, DMIHER’s net worth increased to Rs. 602.85 crore as against  Rs. 556.19 crore as of March 31, 2023 driven by accretion of profits to reserves and increase in student welfare and depreciation fund. The company's gearing ratio rose to 0.19 times on March 31, 2024, compared to 0.11 times the previous year, reflecting an increase in both long-term and short-term debt sourced from various banks. Total debt as of March 31, 2024, was Rs. 113.36 crore as against  Rs. 61.18 crore on March 31, 2023. The total debt as on March 31, 2024 includes  Rs. 41.84 crore in long-term debt and Rs. 23.03 crore in short-term debt and maturing deb repayment obligation of Rs. 48.50 crore. The TOL/TNW ratio was 0.58 times as of March 31, 2024. The company’s interest coverage ratio was 10.63 times in FY24. Debt to EBITDA stood at 2.19 times for FY2024 as against 0.40 times for FY2023.

Stringent regulatory framework
Various regulatory authorities such as MCI, DCI, NCI, MNC, PCI, UGC, Ministry of Aysuh, AICTE under the State and Central government prescribe regulatory frame work to DMIHER depending on the professional courses offered. The compliance is highly regulated and marked with entry, operation and exit barriers at each level which can impact the revenues and profitability of the trust.