Narayana Hrudayalaya Ltd

Narayana Hrudayalaya Ltd

₹ 1,191 -3.71%
28 May - close price
About

Narayana Hrudalaya Ltd is engaged in providing economical healthcare services. It has a network of multispecialty and super specialty hospitals spread across multiple locations.[1]

Key Points

Business
Company provides healthcare services and operates a chain of multi specialty, tertiary, and primary healthcare facilities. As of Q3 FY24, it has a network of 18 hospitals and 3 heart centers across India along with overseas presence at Cayman Islands, with ~5,640 operational beds and a capacity of ~6,040 beds[1]

  • Market Cap 24,336 Cr.
  • Current Price 1,191
  • High / Low 1,445 / 852
  • Stock P/E 57.3
  • Book Value 90.0
  • Dividend Yield 0.21 %
  • ROCE 22.5 %
  • ROE 25.7 %
  • Face Value 10.0

Pros

  • Company has delivered good profit growth of 53.2% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 17.9%

Cons

  • Stock is trading at 13.2 times its book value

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Healthcare Industry: Healthcare

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
576 536 622 634 620 695 747 738 785 797 852 771 846
500 509 553 551 544 595 621 606 665 659 688 633 690
Operating Profit 76 27 69 83 77 101 125 131 119 138 164 138 156
OPM % 13% 5% 11% 13% 12% 14% 17% 18% 15% 17% 19% 18% 18%
7 6 12 6 83 5 27 9 60 9 14 11 89
Interest 10 10 10 9 10 9 9 12 14 13 13 13 14
Depreciation 29 29 30 30 30 31 31 38 39 38 39 41 44
Profit before tax 43 -6 42 50 119 65 112 90 127 96 126 95 187
Tax % 36% 35% 35% 35% 35% 35% 35% 35% 28% 18% 13% 17% 15%
28 -4 27 32 78 43 73 58 92 79 109 79 158
EPS in Rs 1.35 -0.18 1.32 1.59 3.80 2.08 3.56 2.86 4.50 3.86 5.33 3.85 7.74
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
825 1,076 1,308 1,470 1,646 1,848 2,077 2,239 1,655 2,412 2,961 3,266
738 960 1,182 1,295 1,427 1,664 1,881 1,971 1,676 2,146 2,471 2,670
Operating Profit 87 115 126 175 219 184 196 268 -21 266 490 596
OPM % 11% 11% 10% 12% 13% 10% 9% 12% -1% 11% 17% 18%
2 25 10 2 14 16 17 19 71 104 99 123
Interest 17 29 38 23 17 26 43 55 48 45 55 54
Depreciation 44 55 64 67 68 78 91 128 123 119 139 161
Profit before tax 28 56 34 86 147 95 79 104 -121 206 395 503
Tax % 35% 36% 38% 34% 35% 39% 37% 35% 35% 35% 33% 16%
18 36 21 57 95 58 50 68 -79 134 266 425
EPS in Rs 566.99 1,107.25 1.05 2.77 4.65 2.86 2.45 3.31 -3.85 6.54 13.00 20.77
Dividend Payout % 0% 0% 0% 0% 0% 0% 41% 30% 0% 15% 19% 19%
Compounded Sales Growth
10 Years: 12%
5 Years: 9%
3 Years: 25%
TTM: 10%
Compounded Profit Growth
10 Years: 32%
5 Years: 53%
3 Years: 98%
TTM: 64%
Stock Price CAGR
10 Years: %
5 Years: 39%
3 Years: 40%
1 Year: 39%
Return on Equity
10 Years: 10%
5 Years: 13%
3 Years: 20%
Last Year: 26%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 0 0 200 204 204 204 204 204 204 204 204 204
Reserves 533 569 595 753 854 916 963 962 885 1,021 1,264 1,636
238 321 289 152 120 491 499 607 551 533 644 1,011
156 237 216 274 309 383 410 449 462 528 664 642
Total Liabilities 927 1,128 1,300 1,383 1,487 1,995 2,077 2,222 2,103 2,285 2,777 3,493
503 626 651 650 682 973 949 1,159 1,070 1,094 1,358 1,480
CWIP 44 12 9 13 52 30 56 3 5 23 32 34
Investments 31 51 241 334 354 561 597 619 645 661 678 1,021
348 438 399 386 399 431 475 441 382 507 709 959
Total Assets 927 1,128 1,300 1,383 1,487 1,995 2,077 2,222 2,103 2,285 2,777 3,493

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
45 164 61 177 218 196 208 286 123 246 516 542
-122 -172 -192 -130 -162 -446 -137 -129 -12 -117 -621 -761
87 5 127 -2 -32 226 -11 -170 -114 -57 65 237
Net Cash Flow 9 -3 -4 46 25 -24 61 -12 -3 72 -40 19

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 40 45 40 34 31 37 28 24 34 26 22 21
Inventory Days 58 63 55 46 42 41 36 24 19 18 17 26
Days Payable 121 206 136 142 161 179 165 171 237 177 211 192
Cash Conversion Cycle -23 -98 -41 -62 -88 -102 -101 -124 -184 -133 -172 -144
Working Capital Days 11 -12 6 3 -1 -5 -15 -23 -34 -23 -27 2
ROCE % 6% 9% 7% 11% 15% 9% 8% 9% -4% 15% 23%

Shareholding Pattern

Numbers in percentages

1 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
63.85% 63.85% 63.85% 63.85% 63.85% 63.85% 63.85% 63.85% 63.85% 63.85% 63.85% 63.85%
10.12% 10.74% 10.80% 10.64% 10.03% 9.55% 10.24% 10.36% 11.10% 11.59% 11.51% 10.91%
20.05% 19.63% 18.96% 18.34% 17.85% 16.62% 14.58% 14.14% 11.95% 10.89% 10.23% 9.51%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.01%
5.27% 5.08% 5.69% 6.47% 7.59% 9.28% 10.70% 11.01% 12.45% 13.05% 13.78% 15.12%
0.71% 0.70% 0.70% 0.70% 0.69% 0.69% 0.63% 0.63% 0.63% 0.62% 0.62% 0.62%
No. of Shareholders 44,52643,56543,80752,74765,17368,13073,15775,37086,6311,02,9941,20,5061,38,052

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

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