Narayana Hrudayalaya Ltd. (NH) AI Stock Analysis

• Market Cap: ₹370.42B
• Dividend Yield: 0.25%
• Average Volume (3M): 24.40K
• Price to Earnings (P/E): 46.9
• Beta (1Y): 0.73
• Revenue Growth: 12.09%
• EPS Growth: -2.79%
• Country: IN
• Employees: 11,659
• Sector: Healthcare
• Sector Strength: 43
• Industry: Medical - Care Facilities
• EPS (TTM): 9.60
• Shares Outstanding: 204,360,800
• 10 Day Avg. Volume: 30,358
• 30 Day Avg. Volume: 24,398
• PEG Ratio: 0.00
• Price to Book (P/B): 9.40
• Price to Sales (P/S): 6.22
• P/FCF Ratio: -354.49
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹1,764.67
• Price Target Upside: -2.64% Downside
• Rating Consensus: Moderate Sell
• Number of Analyst Covering: 3

• Rating: 68 Neutral
• Price Target: ₹1,999.00 ▲(10.28% Upside)

Narayana Hrudayalaya Ltd. shows strong financial performance with robust revenue growth and profitability, which is the most significant factor in the overall score. Technical analysis indicates short-term bearish trends, but a longer-term uptrend. The valuation suggests the stock may be overvalued, which slightly detracts from the score.

Narayana Hrudayalaya Ltd. Business Overview & Revenue Model

Company Description

Narayana Hrudayalaya Ltd. (NH) is a prominent healthcare service provider in India, specializing in high-quality medical and surgical services. The company operates a network of hospitals and health centers, offering a wide range of healthcare services including cardiology, oncology, orthopedics, and other specialized areas. NH is known for its commitment to providing affordable healthcare solutions, leveraging economies of scale and innovative practices to enhance patient care.

How the Company Makes Money

Narayana Hrudayalaya Ltd. generates revenue primarily through its network of hospitals and healthcare facilities. The company's key revenue streams include patient fees for medical services, surgeries, and diagnostic services. NH also earns from outpatient consultations and pharmacy sales within its facilities. Additionally, its strategic partnerships with government bodies and health insurance companies contribute to its earnings by ensuring a steady flow of patients and facilitating payment processes. The company may also derive income from international patients seeking specialized medical treatments, and it focuses on cost-efficient operations to maintain profitability.

Narayana Hrudayalaya Ltd. Financial Statement Overview

Summary

Narayana Hrudayalaya Ltd. demonstrates strong financial health with robust revenue growth and profitability. The balance sheet reflects prudent financial management, although increasing debt levels need monitoring. Cash flow management is generally effective, despite the recent dip in free cash flow.

Income Statement

Narayana Hrudayalaya Ltd. has shown a strong financial performance with consistent revenue growth, increasing from 25.8 billion in 2021 to 54.8 billion in 2025. The gross profit margin has improved, indicating better cost management. The net profit margin has remained stable, demonstrating profitability. However, the decline in EBITDA margin from 2024 to 2025 suggests potential cost pressures or investment in growth.

Balance Sheet

The company maintains a healthy balance sheet with a solid equity position. The debt-to-equity ratio is manageable, indicating prudent financial leverage. An increasing equity ratio suggests effective asset management. However, the rising total debt from 2022 to 2025 could pose future financial risks if not managed carefully.

Cash Flow

The cash flow position is relatively stable, with positive operating cash flow consistently over the years. Despite a dip in free cash flow in 2025 due to higher capital expenditure, the overall cash flow management remains robust. The operating cash flow to net income ratio indicates efficient conversion of income into cash, although the negative free cash flow in 2025 warrants attention.

Breakdown	TTM	Dec 2025	Dec 2023	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	55.83B	54.83B	45.25B	50.04B	37.01B	25.82B
Gross Profit	24.98B	23.21B	18.63B	12.24B	16.80B	10.19B
EBITDA	13.30B	12.78B	10.46B	12.43B	6.97B	2.16B
Net Income	7.90B	7.90B	6.06B	7.89B	3.42B	-143.04M
Balance Sheet
Total Assets	72.65B	72.65B	41.62B	56.25B	31.30B	27.70B
Cash, Cash Equivalents and Short-Term Investments	16.27B	16.27B	7.18B	11.04B	3.01B	2.39B
Total Debt	24.28B	24.28B	8.84B	16.27B	7.23B	8.26B
Total Liabilities	36.37B	36.37B	20.30B	27.39B	16.40B	16.49B
Stockholders Equity	36.26B	36.26B	21.31B	28.84B	14.89B	11.20B
Cash Flow
Free Cash Flow	0.00	-961.81M	5.63B	959.93M	2.34B	2.39B
Operating Cash Flow	0.00	9.86B	10.85B	10.67B	4.85B	3.09B
Investing Cash Flow	0.00	-13.25B	-11.74B	-14.58B	-2.67B	-1.13B
Financing Cash Flow	0.00	5.44B	877.41M	4.88B	-1.59B	-1.98B

Narayana Hrudayalaya Ltd. Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 1812.60
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:NH, the sentiment is Neutral. The current price of 1812.6 is below the 20-day moving average (MA) of 1884.70, below the 50-day MA of 1929.22, and above the 200-day MA of 1588.34, indicating a neutral trend. The MACD of -43.29 indicates Positive momentum. The RSI at 42.00 is Neutral, neither overbought nor oversold. The STOCH value of 45.88 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:NH.

Narayana Hrudayalaya Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
FORTIS	75 Outperform	₹703.28B	80.97		0.11%	14.04%	32.99%
MEDANTA	75 Outperform	₹369.45B	69.16		―	15.42%	10.64%
AUROPHARMA	71 Outperform	₹614.49B	18.12		0.37%	7.76%	-2.83%
KIMS	71 Outperform	₹298.22B	79.21		―	24.71%	19.17%
NH	68 Neutral	₹370.42B	46.94		0.25%	12.09%	-2.79%
Sector *	65 Neutral	¥341.81B	11.08	-0.17%	2.40%	9.51%	-9.51%
HCG	61 Neutral	₹92.08B	248.09		―	16.85%	-29.52%

Narayana Hrudayalaya Ltd. Corporate Events

Narayana Hrudayalaya Releases Revised Q1 FY26 Investor Presentation

Narayana Hrudayalaya Ltd. has submitted a revised Investor Presentation for the quarter ending June 30, 2025, to the stock exchanges. This update is part of the company’s ongoing efforts to maintain transparency with stakeholders and provide insights into its financial performance and strategic direction.

Narayana Hrudayalaya Receives Regulatory Nod for Scheme of Arrangement

Narayana Hrudayalaya Ltd. has announced the receipt of observation letters from both BSE Limited and the National Stock Exchange of India, indicating ‘no adverse observations’ and ‘no objection’ respectively, for its proposed Scheme of Arrangement with its subsidiary, Meridian Medical Research & Hospital Ltd. This development marks a step forward in the amalgamation process, although the scheme still requires further statutory and regulatory approvals, including from the National Company Law Tribunal and the company’s shareholders and creditors.