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Last Updated: April 2, 2026, 3:23 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 539551 | NSE: NH

Narayana Hrudayalaya Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹1,564.69Fairly Valued by 4.30%vs CMP ₹1,635.00

P/E (40.5) × ROE (24.2%) × BV (₹199.00) × DY (0.28%)

₹750.59Overvalued by 54.09%vs CMP ₹1,635.00
MoS: -117.8% (Negative)Confidence: 63/100 (Moderate)Models: 1 Under, 8 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹1,844.7523%Under (+12.8%)
Graham NumberEarnings₹413.0817%Over (-74.7%)
Earnings PowerEarnings₹195.2511%Over (-88.1%)
DCFCash Flow₹748.8411%Over (-54.2%)
Net Asset ValueAssets₹198.607%Over (-87.9%)
EV/EBITDAEnterprise₹810.829%Over (-50.4%)
Earnings YieldEarnings₹381.107%Over (-76.7%)
ROCE CapitalReturns₹33.667%Over (-97.9%)
Revenue MultipleRevenue₹402.406%Over (-75.4%)
Consensus (9 models)₹750.59100%Overvalued
Key Drivers: Wide model spread (₹34–₹1,845) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 17.9%

*Investments are subject to market risks

Investment Snapshot

67
Narayana Hrudayalaya Ltd scores 67/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health72/100 · Strong
ROCE 20.8% ExcellentROE 24.2% ExcellentD/E 0.46 ModerateInterest Coverage 0.0x RiskyProfitable 4/5 years Consistent
Smart Money60/100 · Moderate
FII holding up 1.44% (6mo) AccumulatingDII holding down 0.61% MF sellingPromoter holding at 63.3% Stable
Earnings Quality65/100 · Strong
OPM expanding (20% → 24%) Improving
Quarterly Momentum50/100 · Moderate
Revenue (4Q): +29% YoY AcceleratingProfit (4Q): -1% YoY DecliningOPM: 17.0% (down 6.0% YoY) Margin pressure
Industry Rank90/100 · Strong
P/E 40.5 vs industry 103.6 Cheaper than peersROCE 20.8% vs industry 10.6% Above peersROE 24.2% vs industry 10.7% Above peers3Y sales CAGR: 14% Moderate

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 3:23 am

Market Cap 33,417 Cr.
Current Price 1,635
Intrinsic Value₹750.59
High / Low 2,372/1,380
Stock P/E40.5
Book Value 199
Dividend Yield0.28 %
ROCE20.8 %
ROE24.2 %
Face Value 10.0
PEG Ratio2.26

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Narayana Hrudayalaya Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Narayana Hrudayalaya Ltd 33,417 Cr. 1,635 2,372/1,38040.5 1990.28 %20.8 %24.2 % 10.0
Asarfi Hospital Ltd 348 Cr. 177 221/72.920.7 45.20.00 %15.8 %14.1 % 10.0
Lotus Eye Hospital & Institute Ltd 212 Cr. 102 148/62.0326 29.20.00 %2.99 %1.22 % 10.0
Dr Lalchandani Labs Ltd 12.8 Cr. 14.8 21.2/8.1527.3 11.70.00 %2.81 %3.08 % 10.0
Industry Average11,325.67 Cr482.20103.6371.280.07%10.60%10.65%10.00

All Competitor Stocks of Narayana Hrudayalaya Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 1,1281,2221,2331,3051,2041,2461,3061,3671,3351,4751,5071,6442,151
Expenses 8749469639979259551,0041,0581,0271,1181,1711,2431,786
Operating Profit 254276271308279291302309307358337401365
OPM % 23%23%22%24%23%23%23%23%23%24%22%24%17%
Other Income 121515181826242318202424-29
Interest 19212123252834353741454265
Depreciation 575659556365616570828487122
Profit before tax 190214206248209225231232219254232296149
Tax % 19%19%11%9%10%15%13%14%12%22%15%13%15%
Net Profit 154173184227188191202199193197197258127
EPS in Rs 7.528.479.0011.099.209.339.859.729.449.659.6212.646.20

Last Updated: March 3, 2026, 6:16 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 25, 2026, 4:16 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 1,0951,3641,6141,8782,2812,8613,1282,5833,7014,5254,8905,4836,778
Expenses 9891,2361,4341,6422,0642,5662,6942,3943,0383,5383,7224,1855,317
Operating Profit 1061281802362172954341896649871,1681,2981,461
OPM % 10%9%11%13%10%10%14%7%18%22%24%24%22%
Other Income 396-19718167212659738039
Interest 31453328558194827684112163193
Depreciation 57687680100137186184183210241278377
Profit before tax 5721511358093161-56430752888936930
Tax % 38%71%59%39%36%37%26%-75%20%19%11%16%
Net Profit 29-1921835159119-14342607790791779
EPS in Rs 974.49-0.841.044.062.512.905.82-0.7016.7329.6738.6238.6638.11
Dividend Payout % 0%0%0%0%0%35%17%0%6%8%10%12%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)-165.52%210.53%295.24%-38.55%15.69%101.69%-111.76%2542.86%77.49%30.15%0.13%
Change in YoY Net Profit Growth (%)0.00%376.04%84.71%-333.79%54.24%86.01%-213.46%2654.62%-2465.37%-47.34%-30.02%

Narayana Hrudayalaya Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:15%
5 Years:12%
3 Years:14%
TTM:13%
Compounded Profit Growth
10 Years:48%
5 Years:43%
3 Years:31%
TTM:-2%
Stock Price CAGR
10 Years:%
5 Years:42%
3 Years:37%
1 Year:42%
Return on Equity
10 Years:19%
5 Years:25%
3 Years:29%
Last Year:24%

Last Updated: September 5, 2025, 11:30 am

Balance Sheet

Last Updated: December 10, 2025, 3:08 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 0.33200204204204204204204204204204204204
Reserves 5805686727598318779329161,2841,9272,6793,4223,855
Borrowings 3333622582178028139528267238841,6272,4282,340
Other Liabilities 2422414244686927468138339311,1551,1231,2161,342
Total Liabilities 1,1561,3711,5571,6482,5292,6402,9012,7793,1434,1705,6337,2717,742
Fixed Assets 7389131,0541,0821,8481,8382,0921,9611,9802,3362,6514,2664,399
CWIP 20201453355612206725951486135
Investments 51528796917861201322528441,0841,435
Other Assets 3463854024176377297116789641,3231,6241,8351,773
Total Assets 1,1561,3711,5571,6482,5292,6402,9012,7793,1434,1705,6337,2717,742

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 110771742191822794433044851,0851,067986
Cash from Investing Activity + -168-223-150-146-520-162-189-113-267-1,176-1,458-1,325
Cash from Financing Activity + 5714018-45315-27-247-194-15988488544
Net Cash Flow -1-64228-22897-259-497205
Free Cash Flow -61-158685-2012932923523556399-93
CFO/OP 123%78%116%108%100%113%117%133%83%119%99%86%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-227.00-234.00-78.0019.00-585.00-518.00-518.00-637.00-59.00103.000.00-1.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 453834304534313943353137
Inventory Days 645648455648353230314440
Days Payable 198146152173200177177221180224214185
Cash Conversion Cycle -90-51-70-98-100-95-111-150-108-158-138-108
Working Capital Days 2-30-12-11-10-10-22-38-16-25-30-17
ROCE %8%7%9%14%9%9%14%2%25%32%26%21%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 63.85%63.85%63.85%63.85%63.85%63.85%63.85%63.85%63.85%63.85%63.85%63.27%
FIIs 10.36%11.10%11.59%11.51%10.91%10.01%9.69%9.45%9.66%10.46%10.49%11.10%
DIIs 14.14%11.95%10.89%10.23%9.51%8.22%7.90%8.68%8.52%8.09%7.76%7.91%
Government 0.00%0.00%0.00%0.00%0.01%0.01%0.00%0.00%0.00%0.00%0.00%0.00%
Public 11.01%12.45%13.05%13.78%15.12%17.29%17.94%17.39%17.34%16.98%17.29%17.09%
Others 0.63%0.63%0.62%0.62%0.62%0.62%0.62%0.62%0.62%0.62%0.62%0.62%
No. of Shareholders 75,37086,6311,02,9941,20,5061,38,0521,60,6861,78,3561,77,7921,85,7872,05,6392,26,4802,28,123

Shareholding Pattern Chart

No. of Shareholders

Narayana Hrudayalaya Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Mirae Asset Large & Midcap Fund 3,041,639 1.27 537.732,353,5942026-02-23 01:20:4729.23%
Parag Parikh Flexi Cap Fund 1,995,914 0.26 352.86N/AN/AN/A
Axis Small Cap Fund 1,663,780 1.15 294.146,641,1672025-12-08 02:06:47-74.95%
Mirae Asset Midcap Fund 1,561,483 1.56 276.051,211,4832026-02-22 06:13:5628.89%
Nippon India Small Cap Fund 944,173 0.25 166.92N/AN/AN/A
Nippon India Pharma Fund 923,911 2.07 163.341,849,5712025-12-08 02:06:47-50.05%
DSP Small Cap Fund 721,175 0.79 127.51,801,1892025-12-08 02:06:47-59.96%
Mirae Asset Multicap Fund 391,042 1.5 69.13334,7252026-02-23 00:22:0116.82%
Mirae Asset Flexi Cap Fund 251,650 1.25 44.49N/AN/AN/A
WhiteOak Capital Mid Cap Fund 219,078 0.87 38.73230,8882026-02-23 00:26:40-5.12%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 38.9038.8629.8516.85-0.70
Diluted EPS (Rs.) 38.9038.8629.8516.85-0.70
Cash EPS (Rs.) 52.3050.4939.9726.148.62
Book Value[Excl.RevalReserv]/Share (Rs.) 177.34141.18104.3572.8854.84
Book Value[Incl.RevalReserv]/Share (Rs.) 177.34141.18104.3572.8854.84
Revenue From Operations / Share (Rs.) 268.30245.56221.41181.12126.36
PBDIT / Share (Rs.) 66.9660.0750.4633.6710.29
PBIT / Share (Rs.) 53.3548.2240.1924.691.31
PBT / Share (Rs.) 45.7843.4836.7921.45-2.41
Net Profit / Share (Rs.) 38.6938.6429.6917.16-0.36
NP After MI And SOA / Share (Rs.) 38.6638.6229.6616.73-0.69
PBDIT Margin (%) 24.9524.4622.7918.598.14
PBIT Margin (%) 19.8819.6318.1413.631.03
PBT Margin (%) 17.0617.7016.6111.84-1.90
Net Profit Margin (%) 14.4115.7313.409.47-0.28
NP After MI And SOA Margin (%) 14.4115.7213.399.23-0.55
Return on Networth / Equity (%) 21.8027.3628.4422.96-1.27
Return on Capital Employeed (%) 17.9521.8225.8621.461.29
Return On Assets (%) 10.8714.0314.5610.92-0.51
Long Term Debt / Equity (X) 0.540.410.290.290.44
Total Debt / Equity (X) 0.610.500.350.360.46
Asset Turnover Ratio (%) 0.851.031.000.950.66
Current Ratio (X) 2.141.751.311.170.94
Quick Ratio (X) 2.041.651.241.090.87
Inventory Turnover Ratio (X) 49.800.000.000.000.00
Dividend Payout Ratio (NP) (%) 10.286.433.340.000.00
Dividend Payout Ratio (CP) (%) 7.604.922.480.000.00
Earning Retention Ratio (%) 89.7293.5796.660.000.00
Cash Earning Retention Ratio (%) 92.4095.0897.520.000.00
Interest Coverage Ratio (X) 9.3512.6714.8510.382.77
Interest Coverage Ratio (Post Tax) (X) 6.459.159.746.290.90
Enterprise Value (Cr.) 36133.0927191.9816202.9815629.998692.93
EV / Net Operating Revenue (X) 6.595.423.584.223.37
EV / EBITDA (X) 26.4022.1515.7122.7241.34
MarketCap / Net Operating Revenue (X) 6.305.213.504.123.21
Retention Ratios (%) 89.7193.5696.650.000.00
Price / BV (X) 9.549.077.4210.257.41
Price / Net Operating Revenue (X) 6.305.213.504.123.21
EarningsYield 0.020.030.030.020.00

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Narayana Hrudayalaya Ltd. is a Public Limited Listed company incorporated on 19/07/2000 and has its registered office in the State of Karnataka, India. Company's Corporate Identification Number(CIN) is L85110KA2000PLC027497 and registration number is 027497. Currently Company is involved in the business activities of Hospital activities. Company's Total Operating Revenue is Rs. 3590.12 Cr. and Equity Capital is Rs. 204.36 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Hospitals & Medical ServicesNo.258/A, Bommasandra Industrial Area, Bengaluru Karnataka 560099Contact not found
Management
NamePosition Held
Dr. Devi Prasad ShettyChairman & Wholetime Director
Mr. Viren Prasad ShettyExecutive Vice Chairman
Dr. Emmanuel RupertManaging Director & Group CEO
Dr. Kiran Mazumdar ShawNon Executive Director
Dr. Anesh ShettyNon Executive Director
Ms. Nivruti RaiIndependent Director
Ms. Terri Smith BresenhamIndependent Director
Mr. Shankar ArunachalamIndependent Director
Dr. Nachiket MorIndependent Director
Mr. Naveen TewariIndependent Director

FAQ

What is the intrinsic value of Narayana Hrudayalaya Ltd and is it undervalued?

As of 16 April 2026, Narayana Hrudayalaya Ltd's intrinsic value is ₹750.59, which is 54.09% lower than the current market price of ₹1,635.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (24.2 %), book value (₹199), dividend yield (0.28 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Narayana Hrudayalaya Ltd?

Narayana Hrudayalaya Ltd is trading at ₹1,635.00 as of 16 April 2026, with a FY2026-2027 high of ₹2,372 and low of ₹1,380. The stock is currently in the middle of its 52-week range. Market cap stands at ₹33,417 Cr..

How does Narayana Hrudayalaya Ltd's P/E ratio compare to its industry?

Narayana Hrudayalaya Ltd has a P/E ratio of 40.5, which is below the industry average of 103.63. Trading at a steep discount to peers could signal a value opportunity or reflect concerns about the company's fundamentals.

Is Narayana Hrudayalaya Ltd financially healthy?

Key indicators for Narayana Hrudayalaya Ltd: ROCE of 20.8 % indicates efficient capital utilization; ROE of 24.2 % shows strong shareholder returns. Dividend yield is 0.28 %.

Is Narayana Hrudayalaya Ltd profitable and how is the profit trend?

Narayana Hrudayalaya Ltd reported a net profit of ₹791 Cr in Mar 2025 on revenue of ₹5,483 Cr. Compared to ₹342 Cr in Mar 2022, the net profit shows an improving trend.

Does Narayana Hrudayalaya Ltd pay dividends?

Narayana Hrudayalaya Ltd has a dividend yield of 0.28 % at the current price of ₹1,635.00. The company pays dividends, though the yield is modest.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Narayana Hrudayalaya Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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