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    Narayana Hrudayalaya Ltd.

    Multi-specialty hospital group operating owned/operated hospitals across India, the UK and Cayman Islands

    Healthcare
    Healthcare
    View NH earnings calls
    ₹2,029.5
    +5.68% from avg

    Overview

    Price

    ₹2,029.5

    Market Cap

    ₹42.0k Cr

    Sector

    Healthcare

    Healthcare

    Rank

    3

    Performance

    Financials

    Income Statement

    Financial Trajectories

    11
    Quarterly

    Balance Sheet

    Balance Sheet

    ₹ Cr · Annual
    Line itemFY20FY21FY22FY23FY24FY25FY26FY26
    LiabilitiesEquity Capital204204204204204204204204
    Reserves9329161.3k1.9k2.7k3.4k3.9k4.3k
    Borrowings9528267238841.6k2.4k2.3k5.9k
    Other Liabilities8138339311.2k1.1k1.2k1.3k2.1k
    Total Liabilities2.9k2.8k3.1k4.2k5.6k7.3k7.7k12.5k
    AssetsFixed Assets2.1k2.0k2.0k2.3k2.7k4.3k4.4k7.8k
    CWIP12206725951486135292
    Investments861201322528441.1k1.4k573
    Other Assets7116789641.3k1.6k1.8k1.8k3.8k
    Total Assets2.9k2.8k3.1k4.2k5.6k7.3k7.7k12.5k

    Cash Flow

    Cash Flow

    ₹ Cr · Annual
    Line itemFY19FY20FY21FY22FY23FY24FY25FY26
    ActivitiesCash from Operating2794433044851.1k1.1k9861.6k
    Cash from Investing-162-189-113-267-1.2k-1.5k-1.3k-3.6k
    Cash from Financing-27-247-194-159884885442.3k
    SummaryCapital Expenditure
    Free Cash Flow12932923523556399-93753
    FCF Margin

    Valuation

    Assumptions

    Current — NH
    Price
    ₹2,030
    EPS (TTM)
    ₹39.42
    PE (TTM)
    51.5
    Profit growth
    9.9%

    The Earnings Per Share over the last 12 months.

    %

    Your assumption of the company's expected yearly EPS growth (e.g., 6 for 6%).

    Pre-filled with the lower of median (33.2×) and current (51.5×) PE — the conservative anchor.

    %

    The annualized return you aim to achieve. We solve for the price that delivers it, then compare to today's price.

    Valuation

    Current price
    ₹2,030
    vs
    Fair value · 15% return
    ₹897
    56%Overvalued

    At 9.9% growth and a 33× exit, ₹2030 only delivers your return if you pay ₹897. The price is currently baking in 27% growth.

    EPS grows 9.9%/yr for 5 years, then fades to 6% over 2, exits at 33×.

    YearGrowthEPS (₹)
    FY279.9%43.32
    FY289.9%47.61
    FY299.9%52.33
    FY309.9%57.51
    FY319.9%63.20
    FY328.0% ·fade68.22
    FY336.0% ·fade72.32

    Methodology: we discount normalized net profit as a proxy for owner earnings (an earnings-power approximation — not full free cash flow). Terminal growth is capped at 6% (≈ nominal GDP) regardless of the required return. This is an analytical tool, not investment advice.

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