MarketFriction

Narayana Hrudayalaya Ltd

NSE NH · BSE 539551 · Hospital
₹1,741.40 -2.79%
NSE close2026-10-01
52 week range1,589.00 - 2,093.30
Market cap₹36,579 Cr.
P/E42.4
IPO 2016 · +597% since Nifty 500Midcap 150 Price band 20% Delivery 49.0%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales1,3051,2041,2461,3061,3671,3351,4751,5071,6442,1512,5942,684
Expenses9979259551,0041,0581,0271,1181,1711,2431,7862,0862,216
Operating Profit308279291302309307358337401365508468
OPM %24%23%23%23%23%23%24%22%24%17%20%17%
Other Income181826242318202424-292535
Interest232528343537414542659187
Depreciation556365616570828487122154156
Profit before tax248209225231232219254232296149288260
Tax %9%10%15%13%14%12%22%15%13%15%22%20%
Net Profit227188191202199193197197258127224207
EPS in Rs11.099.209.339.859.729.449.659.6212.646.2010.9610.14
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1,6141,8782,2812,8613,1282,5833,7014,5254,8905,4837,8969,072
Expenses1,4341,6422,0642,5662,6942,3943,0383,5383,7224,1856,2557,330
Operating Profit1802362172954341896649871,1681,2981,6411,742
OPM %11%13%10%10%14%7%18%22%24%24%21%19%
Other Income-1971816721265973803756
Interest3328558194827684112163266285
Depreciation7680100137186184183210241278448520
Profit before tax511358093161-56430752888936964993
Tax %59%39%36%37%26%-75%20%19%11%16%16%
Net Profit21835159119-14342607790791806817
EPS in Rs1.044.062.512.905.82-0.7016.7329.6738.6238.6639.4239.94
Dividend Payout %0%0%0%35%17%0%6%8%10%12%11%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth17%25%20%60%
Compounded Profit Growth42%155%12%9%
Stock Price CAGR18%29%18%3%
Return on Equity20%26%25%21%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital200204204204204204204204204204204204
Reserves5686727598318779329161,2841,9272,6793,4224,333
Borrowings3622582178028139528267238841,6272,4285,858
Other Liabilities2414244686927468138339311,1551,1231,2162,088
Total Liabilities1,3711,5571,6482,5292,6402,9012,7793,1434,1705,6337,27112,482
Fixed Assets9131,0541,0821,8481,8382,0921,9611,9802,3362,6514,2667,796
CWIP201453355612206725951486292
Investments528796917861201322528441,084573
Other Assets3854024176377297116789641,3231,6241,8353,822
Total Assets1,3711,5571,6482,5292,6402,9012,7793,1434,1705,6337,27112,482
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity771742191822794433044851,0851,0679861,621
Cash from Investing Activity-223-150-146-520-162-189-113-267-1,176-1,458-1,325-3,648
Cash from Financing Activity14018-45315-27-247-194-159884885442,340
Net Cash Flow-64228-22897-259-497205313
Free Cash Flow-158685-2012932923523556399-93753
CFO/OP78%116%108%100%113%117%133%83%119%99%86%108%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days383430453431394335313730
Inventory Days564845564835323031444042
Days Payable146152173200177177221180224214185248
Cash Conversion Cycle-51-70-98-100-95-111-150-108-158-138-108-176
Working Capital Days-30-12-11-10-10-22-38-16-25-30-17-19
ROCE %7%9%14%9%9%14%2%25%32%26%21%16%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters63.85%63.85%63.85%63.85%63.85%63.85%63.85%63.85%63.85%63.27%63.27%63.27%
FIIs11.59%11.51%10.91%10.01%9.69%9.45%9.66%10.46%10.49%11.10%9.98%9.40%
DIIs10.89%10.23%9.51%8.22%7.90%8.68%8.52%8.09%7.76%7.91%9.14%9.05%
Government0.00%0.00%0.01%0.01%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Public13.05%13.78%15.12%17.29%17.94%17.39%17.34%16.98%17.29%17.09%16.98%17.65%
Others0.62%0.62%0.62%0.62%0.62%0.62%0.62%0.62%0.62%0.62%0.62%0.62%
No. of Shareholders1,02,9941,20,5061,38,0521,60,6861,78,3561,77,7921,85,7872,05,6392,26,4802,28,1232,20,5612,11,173

Fundamentals

Market Cap₹ 36,579 Cr.
Current Price₹ 1,790
Stock P/E42.4
Book Value₹ 222
ROCE15.5 %
ROE20.5 %
Dividend Yield0.25 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)60%
Compounded Profit Growth (TTM)9%
Consolidated figures.
Valuation
Market capRs 35,587 Cr
Enterprise valueRs 39,316 Cr
P/E (TTM)43.61x
Price to book7.84x
Price to sales3.92x
EV / EBITDA21.86x
EV / EBIT30.75x
EV / sales4.33x
Price to cash flow21.95x
Earnings yield2.29%
Dividend yield0.26%
P/E, 3-year average39.24x
P/B, 3-year average8.62x
P/E, 5-year average37.67x
P/B, 5-year average8.70x
Profitability
Operating margin (excl. other income)20.78%
Operating margin (incl. other income)21.25%
EBITDA margin19.82%
Pre-tax margin10.95%
Net profit margin9.00%
Net margin, latest quarter7.72%
ROE19.74%
ROCE14.96%
ROA8.16%
ROE, 3-year average25.16%
ROCE, 3-year average20.78%
ROA, 3-year average12.17%
ROE, 5-year average27.04%
ROCE, 5-year average23.73%
ROA, 5-year average12.93%
ROIC (approx.)12.93%
Tax rate16.42%
Other income / net worth0.81%
Growth
Sales growth (latest year)44.01%
Profit growth (latest year)1.95%
Sales CAGR, 3 years20.39%
Sales CAGR, 5 years25.04%
Profit CAGR, 3 years9.94%
Sales growth QoQ3.46%
Profit growth QoQ-7.46%
Sales growth YoY (latest quarter)78.05%
Profit growth YoY (latest quarter)5.35%
Per share
EPS (TTM)Rs 39.94
EPS (latest year)Rs 39.42
EPS (latest quarter)Rs 10.14
EPS, 3-year averageRs 38.90
EPS, 5-year averageRs 32.62
Book value per shareRs 222.02
Sales per shareRs 443.94
Cash flow per shareRs 79.33
Free cash flow per shareRs 36.85
Dividend per share (latest year)Rs 4.50
Dividend per share, 3-year averageRs 4.33
Dividend per share, 5-year averageRs 3.30
Dividends
Dividend payout11.42%
Dividend payout, 3-year average11.14%
Dividend payout, 5-year average9.56%
Efficiency
Asset turnover0.63x
Fixed asset turnover1.01x
Inventory turnover13.10x
Inventory days28 days
Debtor days30 days
Debtors turnover12.04x
Creditor days248 days
Cash conversion cycle-176 days
Working capital days-19 days
Leverage
Total debtRs 5,858 Cr
Cash and bankRs 2,129 Cr
Net debtRs 3,728 Cr
Debt to equity1.29x
Net debt / EBITDA2.07x
Interest coverage4.48x
Current ratio (filing 2026-03-31)2.15x
Quick ratio (filing 2026-03-31)2.07x
Trade payables (filing 2026-03-31)Rs 1,032 Cr
Owners' fund to total sources36.35%
Debt to assets46.93%
Cash flow
Cash from Operating Activity (latest year)Rs 1,621 Cr
Cash from Investing Activity (latest year)Rs -3,648 Cr
Cash from Financing Activity (latest year)Rs 2,340 Cr
Net Cash Flow (latest year)Rs 313 Cr
Free cash flow (latest year)Rs 753 Cr
FCFE (approx.: FCF + change in debt)Rs 4,182 Cr
Cash from ops / profit, 5 years1.57x
Sales to cash flow4.87x
Statement figures
Net sales (TTM)Rs 9,072 Cr
Net sales (latest year)Rs 7,896 Cr
Sales (latest quarter)Rs 2,684 Cr
Operating profit excl. other income (latest year)Rs 1,641 Cr
Operating profit (latest quarter)Rs 468 Cr
Other income (TTM)Rs 56 Cr
EBITDA (TTM)Rs 1,798 Cr
PBDT (TTM)Rs 1,513 Cr
Profit before tax (TTM)Rs 993 Cr
Tax (latest year)Rs 158 Cr
Net profit (TTM)Rs 816 Cr
Net profit (latest year)Rs 806 Cr
Net profit (latest quarter)Rs 207 Cr
Depreciation (TTM)Rs 520 Cr
Depreciation (latest quarter)Rs 156 Cr
Interest (TTM)Rs 285 Cr
Cost of goods sold (latest year)Rs 2,277 Cr
Total expenditure (latest year)Rs 6,255 Cr
Total income (latest year)Rs 7,933 Cr
Share capitalRs 204 Cr
ReservesRs 4,333 Cr
Shareholders' fundsRs 4,537 Cr
Total assetsRs 12,482 Cr
Net blockRs 7,796 Cr
Capital work in progressRs 292 Cr
InvestmentsRs 573 Cr
ReceivablesRs 656 Cr
InventoryRs 174 Cr
Other liabilitiesRs 2,088 Cr
Shares outstanding (crore)20.44
Ownership
Promoter holding63.27% (-0.58 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 43.6 is at the 26th percentile of its own 8.4-year range (median 49.8, low 31.2, high 130.5).
P/B 7.84 is at the 40th percentile (median 8.94).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodNHNifty 50Difference
1 week-7.3%-2.8% -4.5 pts
1 month-10.2%-6.8% -3.4 pts
3 months-13.1%-7.6% -5.4 pts
6 months+8.5%+0.4% +8.1 pts
1 year+1.2%-9.9% +11.1 pts
2 years+41.6%-13.6% +55.2 pts
3 years+60.4%+14.2% +46.2 pts
5 years+242.9%+27.9% +215.0 pts
79 mutual fund schemes hold about ₹3,342 Cr. Over three months 60 bought more and 7 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
Mirae Asset Large & Midcap Fund1.74%797 +16%
Mirae Asset Midcap Fund2.12%444 +25%
Parag Parikh Flexi Cap Fund0.26%381 +8%
Axis Small Cap Fund1.01%317 +4%
Mirae Asset ELSS Tax Saver Fund1.10%291 +100%
DSP Small Cap Fund0.90%194 +42%
Nippon India Small Cap Fund0.22%180 +6%
Nippon India Pharma Fund1.66%157 +6%
Mirae Asset Multicap Fund1.66%93 +17%
Mirae Asset Small Cap Fund1.26%72 -6%
Bandhan Small Cap Fund0.13%44 -7%
Mirae Asset Flexi Cap Fund0.98%44 +5%
WOC Mid Cap Fund0.56%42 -8%
Aditya Birla SL Business Cycle Fund1.85%34 +5%
Mirae Asset Healthcare Fund0.91%32 -14%
Nippon India Nifty Smallcap 250 Index Fund0.60%21 +7%
Parag Parikh ELSS Tax Saver Fund0.36%20 +11%
Baroda BNP Paribas India Consumption Fund1.31%19 +8%
WOC Pharma and Healthcare Fund1.76%16 +16%
WOC Multi Cap Fund0.30%12 -2%
Axis Nifty Smallcap 50 Index Fund1.60%12 +2%
Groww Small Cap Fund1.43%11 +100%
SBI Nifty Smallcap 250 Index Fund0.60%11 +7%
Taurus Flexi Cap Fund2.67%10 +2%
Bandhan Healthcare Fund2.59%9 +95%

Red flags

F-score 4 of 8
No red flags in the latest statements and filings.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Insider trades

NSE insider and takeover-code disclosures
DateWhoRoleSideSharesValueHow
2025-11-25Shakuntala ShettyPromoterssell1,177,000Rs 230.70 CrMarket Sale
2024-11-11Shakuntala ShettyPromotersother10,218,040Inter-se-Transfer
2024-11-11Ameya ShettyPromoter Groupother10,218,040Inter-se-Transfer
2022-12-01Ameya ShettyPromoter Groupother8,174,432Inter-se-Transfer
2022-12-01Dr. Anesh ShettyPromoter Groupother8,174,432Inter-se-Transfer
2022-12-01Dr. Varun ShettyPromoter Groupother8,174,432Inter-se-Transfer
2022-12-01Viren Prasad ShettyPromoter Groupother8,174,432Inter-se-Transfer
2022-12-01Dr. Devi Prasad ShettyPromotersother32,697,728Inter-se-Transfer
2021-02-15Anil Kumar KEmployees/Designated Employesell6,940Rs 0.33 CrMarket Sale
2020-09-09Sunil Kumar C NEmployees/Designated Employeother4,396Rs 0.14 CrESOP
2019-12-26Raghavan VenkateshEmployees/Designated Employeother4,396Rs 0.13 CrESOP
2019-09-03Ameya ShettyImmediate relativeother2,043,608Inter-se-Transfer
Latest disclosed trades by insiders, promoters and large holders. Grants, option exercises and pledges show as "other". A filing is a fact, not a signal on its own.

Latest quarter

Jun 2026
Sales ₹2,684 Cr +78.1% vs Jun 2025. Net profit ₹207 Cr +5.1%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-07-17Dividend - Rs 4.50 Per Share
2025-08-01Dividend - Rs 4.50 Per Share
2024-08-02Dividend - Rs 4 Per Share
2023-07-07Dividend - Rs 2.50 Per Share
2022-08-22Dividend - Rs 1 Per Share
2020-03-11 Interim Dividend - Re 1 Per Share
2019-08-01 Dividend - Re 1 Per Share
DateTypeWhat it says
2026-09-28General UpdatesIntimation under Regulation 30 read with Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2...
2026-09-21Address ChangeChange in Corporate Office of the company.
2026-09-04Shareholder meetingNotice of Postal Ballot
2026-08-18Concall / analyst meetSchedule of meet of investors to be held on August 20, 2026.
2026-08-17Shareholder meetingVoting results.
2026-08-14Shareholder meetingProceedings of 26th Annual General Meeting held on Friday, August 14, 2026.
2026-08-10Concall / analyst meetTranscript of the Earnings call of the company for the quarter ended June 30, 2026.
2026-08-07Concall / analyst meetSchedule of group investor meeting to be held on August 12, 2026.
2026-08-04Concall / analyst meetSchedule of meet of investors scheduled to be held on August 07, 2026
2026-08-04Concall / analyst meetSchedule of meet of investors scheduled to be held on August 06, 2026
2026-08-03Concall / analyst meetLink of Recording of the earning call scheduled on August 03, 2026 for the quarter ended June 30, 2026
2026-08-03Investor PresentationInvestor Presentation
2026-07-31Press ReleaseA press release dated July 31, 2026, titled "PRESS RELEASE Q1 FY27 Results".
2026-07-31Investor PresentationInvestor Presentation
2026-07-31Board meeting outcomeNarayana Hrudayalaya Ltd. has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-07-30UpdatesDisptach of Letter to Shareholders regarding Weblink of 26th AGM Notice and Annual Report for FY 2025-26.
2026-07-28Concall / analyst meetThe management of the company will host a conference call to discuss the companys performance on Monday, August 03, 2026 at 3.00 PM IST.
2026-07-24General UpdatesGeneral Updates
2026-07-23Shareholder meetingNotice of Annual General Meeting to be held on August 14, 2026
2026-07-02Reply to Clarification- FinaThe Exchange had sought clarification from Narayana Hrudayalaya Ltd. for the quarter ended 31-Mar-2026 with respect to Regulation 33 of the SEBI (List...
2026-06-29Clarification - Financial ReThe Exchange has sought clarification from Narayana Hrudayalaya Ltd. for the quarter ended 31-Mar-2026 with respect to Regulation 33 of the SEBI (List...
2026-06-24General UpdatesCommunication sent to the Shareholders for Intimation of Tax Deduction at Source on Dividend
2026-06-22Concall / analyst meetSchedule of a group investor meeting to be held on June 26, 2026.
2026-06-17Disclosure under SEBI TakeovDr. Devi Prasad Shetty has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substa...
2026-06-12General UpdatesNewspaper Advertisement for the notice to the shareholders for the Transfer of equity shares to Investor Education and Protection Fund (IEPF).
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of Narayana Hrudayalaya Ltd?

Narayana Hrudayalaya Ltd (NH) has a market capitalisation of Rs 36,579 Cr. at the 2026-10-01 close.

What is the P/E ratio of Narayana Hrudayalaya Ltd?

Narayana Hrudayalaya Ltd trades at a P/E of 42.4 on trailing twelve-month profit, at the 2026-10-01 close.

What were Narayana Hrudayalaya Ltd's latest quarterly results?

In the Jun 2026 quarter, Narayana Hrudayalaya Ltd sales was Rs 2,684 Cr (+78.1% vs Jun 2025) and net profit was Rs 207 Cr.

What is the 52-week high and low of Narayana Hrudayalaya Ltd?

The 52-week high is Rs 2,093.30 and the 52-week low is Rs 1,589.00.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03