Narayana Hrudayalaya Ltd.
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ABOUT
AI Sector View
AI GENERATEDHealthcare
This stance relies on proxies and positioning because no direct pharma-export or healthcare operating series exists in the dataset. The depreciated currency at 95.23 (Sep/26) can support export earnings, inflation at 4.45% (Jul/26) is manageable for a defensive sector, and consumer spending remains large at INR 44743 billion (Jun/26). Strong FPI inflow of INR 10620 crore over 3 months to 2026-08-31 from INR -11381 crore in the prior 3 months adds a real sector-specific tailwind, but confidence stays capped because the fundamental drivers are indirect proxies.
PROS
- Company has a good return on equity (ROE) track record: 3 Years ROE 22.7%
- Company has a healthy return on capital (ROCE) of 21.3%
- Latest quarter profit grew 57.8% YoY, showing strong momentum
- Company has delivered good sales growth of 19.2% CAGR over last 5 years
- Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.34x)
CONS
- Receivables are growing faster than sales - a possible quality concern
- A large part of profit comes from other income (27.1% of PBT)
- Free cash flow has been persistently negative
- Stock is trading at 12.6x its book value
- Expensive relative to growth - PEG of 2.9
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| APOLLOHOSP | 8850.00 | 60.90 | 127249.42 | 0.23 | 610.40 | 38.41 | 7043.50 | 20.56 | 21.73 | 15.70 |
| MAXHEALTH | 1037.20 | 69.29 | 100951.74 | 0.19 | 322.96 | 4.87 | 2366.17 | 16.70 | 14.97 | 25.29 |
| MANIPALHOS | 716.15 | 105.57 | 94200.74 | 0.00 | 2434.30 | — | 30906.30 | — | 13.93 | 23.83 |
| FORTIS | 887.30 | 63.93 | 66987.44 | 0.11 | 272.80 | 2.26 | 2545.03 | 17.46 | 14.07 | 21.28 |
| ASTERDM | 762.95 | 208.69 | 66504.25 | 0.39 | 29.28 | -68.70 | 1310.68 | 21.60 | 11.26 | 19.53 |
| MEDANTA | 1447.55 | 69.98 | 38920.53 | 0.03 | 157.25 | -1.09 | 1304.05 | 26.50 | 19.38 | 21.99 |
| NH | 1867.35 | 46.76 | 38161.31 | 0.24 | 207.27 | 5.37 | 2683.63 | 78.05 | 16.20 | 17.43 |
| KIMS | 768.85 | 158.06 | 32292.20 | 0.00 | 37.40 | -56.00 | 1179.50 | 35.33 | 11.51 | 19.03 |
| LALPATHLAB | 1909.40 | 59.14 | 32049.05 | 1.07 | 1705.00 | 1172.39 | 7977.00 | 1090.95 | 29.56 | 31.03 |
| AGARWALEYE | 507.00 | 108.33 | 16073.23 | 0.00 | 55.02 | 44.56 | 614.02 | 25.97 | 16.14 | 27.75 |
| VIJAYA | 1502.30 | 82.53 | 15473.35 | 0.13 | 53.10 | 37.61 | 230.98 | 22.83 | 30.28 | 42.66 |
| RAINBOW | 1443.40 | 51.37 | 14660.13 | 0.24 | 62.54 | 16.23 | 469.99 | 33.17 | 28.25 | 28.65 |
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 797 | 852 | 771 | 846 | 872 | 934 | 865 | 919 | 943 | 1,019 | 969 | 1,044 | 1,097 | |
| 659 | 688 | 633 | 690 | 715 | 752 | 708 | 743 | 764 | 790 | 764 | 817 | 940 | |
| Operating Profit | 138 | 164 | 138 | 156 | 157 | 183 | 157 | 176 | 179 | 229 | 205 | 227 | 157 |
| OPM % | 17.28% | 19.21% | 17.89% | 18.49% | 17.96% | 19.53% | 18.11% | 19.13% | 18.98% | 22.47% | 21.14% | 21.70% | 14.34% |
| 9 | 14 | 11 | 89 | 14 | 13 | 9 | 107 | 16 | 17 | -29 | 127 | 30 | |
| Interest | 13 | 13 | 13 | 14 | 20 | 20 | 21 | 26 | 31 | 29 | 29 | 39 | 34 |
| Depreciation | 38 | 39 | 41 | 44 | 39 | 42 | 43 | 46 | 48 | 46 | 47 | 51 | 48 |
| Profit before Tax | 96 | 126 | 95 | 187 | 110 | 134 | 101 | 211 | 117 | 171 | 99 | 264 | 188 |
| Tax % | 17.77% | 13.40% | 16.91% | 15.47% | 21.79% | 21.10% | 21.90% | 24.20% | 25.50% | 19.51% | 23.71% | 23.49% | 26.56% |
| Net Profit | 79 | 109 | 79 | 158 | 86 | 106 | 79 | 160 | 87 | 138 | 76 | 202 | 138 |
| 3.89 | 5.36 | 3.87 | 7.78 | 4.25 | 5.20 | 3.90 | 7.88 | 4.30 | 6.79 | 3.73 | 9.95 | 6.79 |
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1,646 | 1,848 | 2,077 | 2,239 | 1,655 | 2,412 | 2,965 | 3,266 | 3,590 | 3,975 | 4,129 | |
| 1,428 | 1,665 | 1,881 | 1,976 | 1,681 | 2,149 | 2,477 | 2,662 | 2,908 | 3,124 | 3,311 | |
| Operating Profit | 218 | 182 | 196 | 263 | -26 | 263 | 488 | 604 | 682 | 851 | 818 |
| OPM % | 13.22% | 9.86% | 9.43% | 11.74% | -1.58% | 10.91% | 16.46% | 18.50% | 19.00% | 21.42% | 19.80% |
| 15 | 17 | 17 | 24 | 76 | 106 | 101 | 126 | 142 | 131 | 145 | |
| Interest | 17 | 26 | 43 | 55 | 48 | 45 | 55 | 65 | 98 | 139 | 130 |
| Depreciation | 68 | 78 | 91 | 128 | 123 | 119 | 139 | 161 | 169 | 191 | 192 |
| Profit before Tax | 147 | 95 | 79 | 104 | -121 | 205 | 395 | 503 | 557 | 652 | 722 |
| Tax % | 35.44% | 38.77% | 36.92% | 34.87% | 34.97% | 34.99% | 32.67% | 15.68% | 22.56% | 22.84% | 23.38% |
| Net Profit | 95 | 58 | 50 | 68 | -79 | 134 | 266 | 425 | 431 | 503 | 554 |
| EPS | 4.69 | 2.88 | 2.47 | 3.34 | -3.88 | 6.58 | 13.08 | 20.77 | 21.10 | 24.62 | — |
| Dividend Payout % | 0.00% | 0.00% | 40.80% | 30.17% | 0.00% | 15.30% | 19.23% | 19.26% | 21.33% | 18.28% | — |
COMPOUNDED SALES GROWTH
- 10 Years:
- 10%
- 5 Years:
- 19%
- 3 Years:
- 10%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 24%
- 5 Years:
- —
- 3 Years:
- 24%
STOCK PRICE CAGR
- 10 Years:
- 20%
- 5 Years:
- 28%
- 3 Years:
- 22%
- 1 Year:
- 8%
RETURN ON EQUITY
- 10 Years:
- 12%
- 5 Years:
- 20%
- 3 Years:
- 23%
- Last Year:
- 21%
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 204 | 204 | 204 | 204 | 204 | 204 | 204 | 204 | 204 | 204 |
| 845 | 903 | 961 | 958 | 882 | 1,018 | 1,264 | 1,636 | 1,981 | 2,393 | |
| 146 | 530 | 544 | 634 | 513 | 536 | 651 | 922 | 1,497 | 1,939 | |
| Trade Payables | 170 | 224 | 236 | 261 | 310 | 317 | 412 | 403 | 387 | 440 |
| 121 | 132 | 128 | 163 | 192 | 207 | 243 | 426 | 511 | 578 | |
| Total Liabilities | 1,486 | 1,994 | 2,074 | 2,220 | 2,101 | 2,282 | 2,775 | 3,592 | 4,580 | 5,555 |
| 682 | 973 | 949 | 1,159 | 1,070 | 1,094 | 1,358 | 1,480 | 2,325 | 2,434 | |
| Capital Work in Progress | 52 | 22 | 36 | 3 | 3 | 19 | 32 | 34 | 27 | 209 |
| 354 | 561 | 597 | 619 | 645 | 661 | 678 | 1,021 | 1,166 | 1,087 | |
| 43 | 50 | 49 | 34 | 23 | 29 | 32 | 55 | 44 | 40 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 190 | 249 | 325 | |
| Cash & Bank | 28 | 21 | 57 | 52 | 56 | 113 | 198 | 232 | 386 | 424 |
| 326 | 366 | 387 | 353 | 303 | 366 | 477 | 580 | 383 | 1,035 | |
| Total Assets | 1,486 | 1,994 | 2,074 | 2,220 | 2,101 | 2,282 | 2,775 | 3,592 | 4,580 | 5,555 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 253 | 227 | 256 | 343 | 74 | 301 | 593 | 542 | 523 | 759 | |
| Cash from Investing | -162 | -446 | -137 | -129 | -12 | -117 | -621 | -761 | -754 | -965 |
| Cash from Financing | -32 | 226 | -11 | -170 | -114 | -57 | 65 | 237 | 391 | 134 |
| 25 | -24 | 61 | -12 | -3 | 72 | -40 | 19 | 160 | -73 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
2026-09-05 - Narayana Hrudayalaya Ltd. has informed the Exchange about Copy of Newspaper Publication of Postal Ballot Notice
2026-09-04 - Narayana Hrudayalaya Ltd. has informed the Exchange regarding Notice of Postal Ballot
2026-08-18 - Narayana Hrudayalaya Ltd. has informed the Exchange about Schedule of meet of investors to be held on August 20, 2026.
2026-08-17 - Narayana Hrudayalaya Ltd. has submitted the Exchange a copy of Srutinizers report of 26th Annual General Meeting held on August 14, 2026. Further, the company has informed the Exchange regarding voting results.
2026-08-14 - Narayana Hrudayalaya Ltd. has informed the Exchange regarding Proceedings of 26th Annual General Meeting held on Friday, August 14, 2026.
2026-08-10 - Narayana Hrudayalaya Ltd. has informed the Exchange about Transcript of the Earnings call of the company for the quarter ended June 30, 2026.
2026-08-07 - Narayana Hrudayalaya Ltd. has informed the Exchange about Schedule of group investor meeting to be held on August 12, 2026.
2026-08-04 - Narayana Hrudayalaya Ltd. has informed the Exchange about Schedule of meet of investors scheduled to be held on August 07, 2026
2026-08-04 - Narayana Hrudayalaya Ltd. has informed the Exchange about Schedule of meet of investors scheduled to be held on August 06, 2026
News
Recent coverage and analyst commentary for NH
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Narayana Hrudayalaya Ltd.
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