Narayana Hrudayalaya Ltd.

NSE: NH BSE: 539551 SECTOR: Hospital & Healthcare Services  40k   239   52

770.85
+6.45 (0.84%)
NSE: 29 Mar 4:00 PM

Price Summary

Today's High

₹ 775.25

Today's Low

₹ 759.2

52 Week High

₹ 816.2

52 Week Low

₹ 588.45

FinStar

Ownership Stable
Ownership strength is slightly missing the benchmark.
ValuationExpensive
The stock is at a premium valuation at this point.
EfficiencyPoor
The company seems highly inefficient in case of asset management.
FinancialsVery Stable
The company possesses stable growth history and manageable debt.
*It is just an analytical rating of the company and not an investment advice.

Company Essentials

Market Cap

15753.15 Cr.

Enterprise Value

16022.13 Cr.

No. of Shares

20.44 Cr.

P/E

62.65

P/B

11.43

Face Value

₹ 10

Div. Yield

0.13 %

Book Value (TTM)

₹  67.43

CASH

113.27 Cr.

DEBT

382.25 Cr.

Promoter Holding

63.85 %

EPS (TTM)

₹  12.3

Sales Growth

45.77%

ROE

11.58 %

ROCE

16.25%

Profit Growth

269.81 %

* Total debt includes long term borrowing, short term borrowing plus current maturities of long-term borrowing
* Ratios are based on latest Audited Financial Result.

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Price Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

 

Volume Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

* Prices are based on daily market changes.
* The chart is based on the standalone earnings of the company. * Negative values and values more than 1000x in PE chart is considered 0.

Peer Comparison

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* The Peers list includes companies operating in the same industry and having comparable market cap.

 Group Companies

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Ratios

Sales Growth

1 Year45.77%
3 Year5.11%
5 Year7.94%

Profit Growth

1 Year269.81%
3 Year38.69%
5 Year7.03%

ROE%

1 Year11.58%
3 Year3.47%
5 Year4.04%

ROCE %

1 Year16.25%
3 Year7.09%
5 Year7.49%

Debt/Equity

0.3128

Price to Cash Flow

64.04

Interest Cover Ratio

5.54523135450765

CFO/PAT (5 Yr. Avg.)

4.58605639042453

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Dec 2022 63.85 0
Sep 2022 63.85 0
Jun 2022 63.85 0
Mar 2022 63.85 0
Dec 2021 63.85 0
Investors List
* Figures given above are % of equity capital

 Strengths

  • The company has shown a good profit growth of 38.6863281422557% for the Past 3 years.
  • Company’s PEG ratio is 0.23219297138833.
  • The company has an efficient Cash Conversion Cycle of -145.984692785318 days.
  • The company has a good cash flow management; CFO/PAT stands at 4.58605639042453.
  • The company has a high promoter holding of 63.85%.
  • The company has a strong degree of Operating leverage, Average Operating leverage stands at 6.37971373874484.

 Limitations

  • The company has shown a poor revenue growth of 5.10786463358119% for the Past 3 years.
  • Company has a poor ROE of 3.46618072546801% over the past 3 years.
  • Company has contingent liabilities of 772.341 Cr.
  • The company is trading at a high PE of 62.65.

Quarterly Result (All Figures in Cr.)

PARTICULARS Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
Net Sales 633.97 620.18 694.35 746.55 736.86
Total Expenditure 550.75 543.56 594.66 621.23 606.4
Operating Profit 83.22 76.61 99.69 125.32 130.46
Other Income 5.91 82.81 5.73 27.39 10.06
Interest 9.49 9.65 9.4 9.44 12.27
Depreciation 29.56 30.34 30.56 31.3 38.4
Exceptional Items 0 0 0 0 0
Profit Before Tax 50.08 119.44 65.46 111.98 89.84
Tax 17.58 41.75 22.9 39.17 31.45
Profit After Tax 32.5 77.7 42.55 72.81 58.39
Adjusted EPS (Rs) 1.59 3.8 2.08 3.56 2.86

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Net Sales 1847.58 2077.16 2239.35 1654.62 2411.99
Total Expenditure 1665.34 1881.34 1976.36 1680.74 2148.85
Operating Profit 182.23 195.81 263 -26.12 263.13
Other Income 18.64 17.66 24.14 75.81 106.38
Interest 26.25 42.92 55.42 47.78 45.21
Depreciation 78.05 90.71 127.72 122.9 118.8
Exceptional Items -1.16 -0.45 0 0 0
Profit Before Tax 95.41 79.4 104 -120.99 205.5
Tax 36.99 29.31 36.26 -42.31 71.9
Net Profit 58.42 50.08 67.74 -78.67 133.6
Adjusted EPS (Rs.) 2.86 2.45 3.31 -3.85 6.54

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Equity and Liabilities
Share Capital 204.36 204.36 204.36 204.36 204.36
Total Reserves 916.33 963.49 961.52 885.28 1020.73
Borrowings 447.08 461.99 378.13 322.66 317.44
Other N/C liabilities 89.26 106.15 278.42 211.96 228.92
Current liabilities 336.83 338.42 397.74 476.39 510.23
Total Liabilities 1993.85 2074.41 2220.17 2100.65 2281.68
Assets
Net Block 972.89 949.09 1159.02 1069.88 1093.66
Capital WIP 22.19 35.81 2.65 3.48 19.13
Intangible WIP 8.17 19.91 0 1.65 4.21
Investments 560.95 596.54 619.33 645.32 645.47
Loans & Advances 74.52 113.04 143.4 85.58 101.69
Other N/C Assets 50.49 50.99 8.26 6.63 20.17
Current Assets 304.64 309.02 287.51 288.11 397.35
Total Assets 1993.85 2074.41 2220.17 2100.65 2281.68
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Profit from operations 95.41 79.4 104 -120.99 205.5
Adjustment 106.82 149.63 168.89 113.27 77.36
Changes in Assets & Liabilities 24.27 27.14 69.85 81.32 18.39
Tax Paid -30.53 -47.81 -56.31 49.82 -55.26
Operating Cash Flow 195.98 208.36 286.43 123.42 245.99
Investing Cash Flow -446.11 -137.12 -129 -11.81 -117.04
Financing Cash Flow 225.91 -10.62 -169.58 -114.26 -56.61
Net Cash Flow -24.23 60.62 -12.14 -2.64 72.34

Corporate Actions

Investors Details

PARTICULARS Dec 2021% Mar 2022% Jun 2022% Sep 2022% Dec 2022%
Promoters 63.85 63.85 63.85 63.85 63.85
devi prasad shetty 27.66 27.66 27.66 27.66 11.66
shakuntala shetty 30.38 30.38 30.38 30.38 30.38
varun shetty 1.00 1.00 1.00 1.00 5.00
viren shetty 1.00 1.00 1.00 1.00 5.00
ameya shetty 1.00 1.00 1.00 1.00 5.00
anesh shetty 1.00 1.00 1.00 1.00 5.00
narayana health ac... 1.81 1.81 1.81 1.81 1.81
PARTICULARS Dec 2021% Mar 2022% Jun 2022% Sep 2022% Dec 2022%
Investors 36.15 36.15 36.15 36.15 36.15
sbi long term adva... - - - - -
sbi long term equi... - - - - -
axis mutual fund t... - - 4.10 4.47 4.98
sbi healthcare opp... 3.91 3.91 3.62 3.62 -
axis mutual fund t... 3.47 3.83 - - -
nippon life india ... 3.30 3.05 2.94 2.57 2.17
axis mutual fund t... - - - - -
icici prudential l... 2.64 3.24 3.23 2.30 1.92
icici prudential s... - - - - -
icici prudential p... - - - - -
qualified institut... - - - - -
kiran mazumdar shaw 2.30 2.30 2.30 2.30 2.30
franklin templeton... - - - - -
sbi nifty smallcap... - - - - 2.06
kuwait investment ... 1.83 1.85 1.52 - -
nippon life india ... - - - - -
icici prudential e... - - - - -
max life insuranc... - - - - -
the wellington tru... 1.23 1.19 1.19 1.14 1.05
uti-mid cap fund 1.02 - - - -
dsp healthcare fund 1.19 1.06 - - -
dsp small cap fund - - - - -
pioneer investment... - - - - -
non resident non r... - - - - -

Annual Reports

Ratings & Research Reports

Company Presentations

Company News

Narayana Hrudayalaya inks BTA to transfer business of operating clinics24 Mar 2023, 3:30PM Narayana Hrudayalaya informs about analyst meet outcome18 Mar 2023, 3:29PM Narayana Hrudayalaya’s arm acquires stake of ENT in Cayman6 Mar 2023, 10:29AM Narayana Hrudayalaya informs about updates on acquisition4 Mar 2023, 11:32AM Narayana Hrudayalay - Quaterly Results8 Feb 2023, 6:57PM Narayana Hrudayalay - Quaterly Results8 Feb 2023, 6:57PM Narayana Hrudayalaya incorporates wholly owned subsidiary11 Jan 2023, 9:34AM Narayana Hrudayalaya informs about disclosure 8 Dec 2022, 11:45AM Narayana Hrudayalaya informs about disclosures 5 Dec 2022, 5:05PM Narayana Hrudayalaya informs about disclosure 5 Dec 2022, 11:05AM Narayana Hrudayalaya informs about disclosure 5 Dec 2022, 11:04AM Narayana Hrudayalaya informs about disclosure 5 Dec 2022, 10:41AM Narayana Hrudayalaya informs about investor call 30 Nov 2022, 12:39PM Narayana Hrudayalaya informs about analyst meet intimation29 Nov 2022, 4:47PM Narayana Hrudayalay - Quaterly Results9 Nov 2022, 7:10PM Narayana Hrudayalay - Quaterly Results9 Nov 2022, 7:10PM Narayana Hrudayalaya informs about board meeting3 Nov 2022, 3:42PM Narayana Hrudayalaya’s arm enters into agreement to acquire stake in ENT in Cayman 15 Oct 2022, 10:57AM Narayana Hrudayalaya signs agreement to acquire Orthopedic and Trauma Hospital5 Sep 2022, 5:34PM Narayana Hrudayalay - Quaterly Results8 Aug 2022, 6:56PM Narayana Hrudayalay - Quaterly Results8 Aug 2022, 6:56PM Narayana Hrudayalaya incorporates wholly owned subsidiary3 Jun 2022, 2:38PM Narayana Hrudayalaya, Honeywell enter into non-binding MoU25 May 2022, 11:16AM Narayana Hrudayalay - Quaterly Results20 May 2022, 8:13PM Narayana Hrudayalay - Quaterly Results20 May 2022, 8:13PM Narayana Hrudayalaya informs about newspaper advertisement22 Feb 2022, 3:39PM Narayana Hrudayalay - Quaterly Results4 Feb 2022, 7:35PM Narayana Hrudayalay - Quaterly Results4 Feb 2022, 7:35PM Narayana Hrudayalaya informs about closure of trading window29 Dec 2021, 4:19PM Narayana Hrudayalaya joins hand with Ritesh Properties and Industries6 Dec 2021, 11:15AM Narayana Hrudayalaya informs about declaration of voting results28 Aug 2021, 12:13PM Narayana Hrudayalaya informs about disclosure of related party transactions18 Jun 2021, 5:10PM Narayana Hrudayalaya informs about institutional investor meet24 Mar 2021, 3:16PM Narayana Hrudayalaya informs about disclosure17 Feb 2021, 1:30PM Narayana Hrudayalaya discontinues operation of heart center at West Bengal9 Jan 2021, 10:42AM Narayana Hrudayalaya’s arm registers branch in St. Lucia28 Sep 2020, 9:36AM

Narayana Hrudayalay Stock Price Analysis and Quick Research Report. Is Narayana Hrudayalay an attractive stock to invest in?

 

The Indian healthcare sector is expected to reach US$ 372 billion by 2022, driven by rising incomes, greater health awareness, lifestyle diseases and increasing access to insurance. Healthcare has become one of India’s largest sectors - both in terms of revenue and employment.

Healthcare comprises hospitals, medical devices, clinical trials, outsourcing, telemedicine, medical tourism, health insurance, and medical equipment. The structure of the healthcare delivery system in India consists of three broad segments: Primary care, Secondary care, and Tertiary care.

  • Primary care is the first point of contact between the population and the healthcare service providers. For example, Sub-center (SC), Primary Health Centre (PHC) and Community Health Centre (CHC) which is more relevant to rural areas (PHC’s).
  • Secondary care providers inpatient as well as outpatient medical services and includes simple surgical procedures. For example, District level & Mid-sized hospitals.
  • Tertiary care is the third level of the healthcare delivery system in the country. These hospitals are specialized consultative healthcare infrastructure. For example, Single specialty and Multi-specialty hospitals.

While healthcare services are offered by the public as well as private sectors, in urban as well as rural areas, generally people prefer private hospitals over public hospitals for treatment of diseases, illness, and sickness. So, let’s look into Narayana Hrudayalay and its performance over the period of time.

  • Operating cash flow ratio: It measures the adequacy of a company’s cash generated from operating activities to pay off short-term financial obligations. Its cash from the operating activity was Rs 245.989 Cr.
     
  • Financial Strength: Health care organizations usually have high debt loads and low equity capital in their balance sheet. So, Debt to Equity ratio is important to analyze the company’s sustainability. Narayana Hrudayalay has a Debt to Equity ratio of 0.3128 , which is a strong indication for the company.
     
  • EPS growth: Investors should ensure the EPS figure is growing faster than revenue numbers because it indicates company management is increasing the efficiency with which it runs the company. In Narayana Hrudayalay , the EPS growth was 269.81582980492 % which is good for the company.
     
  • Operating profit margin: It determines a company's potential earnings. It assesses how well-managed a company with respect to its basic overhead costs and other operating expenses, Narayana Hrudayalay has OPM of 10.9093871567301 % which is a bad sign for profitability.
     
  • ROE: Narayana Hrudayalay have a average ROE of 11.5763177573495 %. ROE is an important financial parameter for hospitals & health care companies because they expand and grow rapidly. Therefore, ROE measures how efficiently a shareholder's fund is used for generating profits.
Brief about Narayana Hrudayalay

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