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Narayana Hrudayalaya Ltd Stock Analysis

Mid Cap
Evaluated by 1026 users | BSE: 539551 | NSE: NH |
Hospital & Healthcare Services

Narayana Hrudayalaya Limited was incorporated on July 19, 2000 under the Companies Act, 1956. The Company, headquartered in Bengaluru is engaged in providing economical healthcare services. The Company was rebranded as ‘Narayana Health’ in 2013....

1. Right Stock
Very Good
2. Right Price
3. Right Time

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Narayana Hrudayalaya Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good
Value Creation
Value Creation Index Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Capital Employed 3.07%5.31%3.93%4.7%1.48%4.71%9%6.03%6.12%10.24%
Value Creation Index NANANANANA-0.61-0.26-0.50-0.50-0.16
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 4786588391,0951,3641,6141,8782,2812,8613,128
Y-o-Y Gr. Rt.-37.7%27.6%30.5%24.5%18.3%16.4%21.4%25.4%9.3%
Adjusted EPS (Rs.) 0.721.360.841-0.81.474.152.592.826.18
Y-o-Y Gr. Rt.-88.9%-38.2%19.1%-180%NA182.3%-37.6%8.9%119.2%
Book Value per Share (Rs.) 25.5827.4129.130.8738.4242.746.6750.0252.7855.42
Adjusted Net Profit 13.525.615.718.9-163084.852.957.7126
Net Op. Cash Flow (Rs. Cr.) 29.752.944.611076.7174219182279443
Debt to Cash Flow from Ops 3.512.675.743.034.721.480.994.42.921.62
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Narayana Hrudayalaya Ltd. should be analysed on a Consolidated basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 23.2%18.1%18.5%9.3%
Adjusted EPS 27%NA14.2%119.2%
Book Value per Share 97.65.95
Share Price - 7.1% 12.6% 31.2%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) 2.85.142.963.35-2.383.649.225.295.4511.39
Operating Profit Margin (%) 11.8912.729.9311.219.3711.0712.279.7810.3313.84
Net Profit Margin (%) 2.823.891.762.060.493.184.932.522.14.15
Debt to Equity 0.220.270.470.570.470.30.230.780.750.63
Working Capital Days 0939897908374797870
Cash Conversion Cycle 0712654-4-3-3-9
Corporate Governance What do we look at?
Corporate Governance
Board Credentials
Promoter's holding
Transparency
Integrity
Entity Percentage Holding
Promoters 63.85%
Institutions 30.13%
Non-Institutions 6.03%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

MoneyWorks4Me analysed the past 10-year performance of Narayana Hrudayalaya Ltd and arrived at the following conclusion:

Past 10 year's financial track record indicates that Narayana Hrudayalaya Ltd is a good quality company. However, for specific investment actions please connect with your investment advisor.

The 5-year analysis of Narayana Hrudayalaya Ltd's performance infers:

Narayana Hrudayalaya Ltd earnings have grown by 0%, whereas share price has appreciated 7.1% CAGR over the past five years, indicating the company's share price is likely overvalued. However, for specific investment actions please connect with your investment advisor.

Data is not available for this company

Narayana Hrudayalaya Limited was incorporated on July 19, 2000 under the Companies Act, 1956. The Company, headquartered in Bengaluru is engaged in providing economical healthcare services. The Company was rebranded as ‘Narayana Health’ in 2013. It has a network of multispecialty and superspeciality hospitals spread across multiple locations.

The company was founded by its Promoter Devi Prasad Shetty, who

Narayana Hrudayalaya Limited was incorporated on July 19, 2000 under the Companies Act, 1956. The Company, headquartered in Bengaluru is engaged in providing economical healthcare services. The Company was rebranded as ‘Narayana Health’ in 2013. It has a network of multispecialty and superspeciality hospitals spread across multiple locations.

The company was founded by its Promoter Devi Prasad Shetty, who has over 30 years of medical experience, including as a cardiac surgeon. The company is headquartered in Bengaluru, India, and operates a national network of hospitals in India with a particularly strong presence in the southern state of Karnataka and eastern India, as well as an emerging presence in western and central India. The company’s ‘Narayana Health’ brand is strongly associated with its mission to deliver high quality and affordable healthcare services to the broader population by leveraging its economies of scale, skilled doctors, and an efficient business model.

Business area of the company

The company owns and operates certain hospitals and also enters into management agreements with hospitals under which the Company acquires the operating control of the hospitals.

Products and Services

  • Anaesthesia & Critical Care
  • Blood Bank
  • Bone Marrow Transplant
  • Breast Cancer
  • Cardiac Surgery - Adult
  • Cardiology - Adult
  • Clinical Nutrition & Dietetics
  • Cranio-Maxillo Facial Surgery
  • Dental Sciences
  • Dermatology and Cosmetology
  • Developmental Medicine
  • Diabetology
  • E.N.T
  • Electrophysiology
  • Emergency Medicine
  • Endocrinology
  • Family Medicine
  • Gastroenterology - Medical
  • Gastroenterology - Surgical
  • Gastrointestinal Oncology
  • General Surgery
  • Genetics
  • Geriatrics
  • Gynaecology - Oncology
  • Haemato Oncology
  • Haematology
  • Head & Neck Surgery - Oncology
  • Heart Transplant
  • Infectious Diseases
  • Integrative Oncology
  • Internal Medicine
  • Interventional Radiology
  • Kidney Transplant - Adult
  • Lab
  • Liver Transplant & HPB Surgery
  • Medical Oncology
  • Microbiology
  • Nephrology
  • Neurology
  • Neurosurgery
  • NICU & PICU
  • Nuclear Medicine
  • Obstetrics & Gynaecology
  • Oncology
  • Ophthalmology
  • Ortho - Oncology
  • Orthopaedics
  • Pain & Palliation - Oncology
  • Pathology
  • Physical Medicine and Rehabilitation
  • Physiotherapy & Rehabilitation
  • Plastic Surgery
  • Psychiatry & Clinical Psychology
  • Pulmonology
  • Radiation Oncology
  • Radiology
  • Reproductive Medicine
  • Rheumatology
  • Robotic Surgery
  • Speech And Swallow Rehabilitation
  • Spine Surgery
  • Surgical Oncology
  • Thoracic Surgery
  • Uro - Oncology
  • Urology
  • Vascular Surgery

Awards

2010:

  • Awarded as the Best Single Speciality Hospital - Cardiology at 'India Healthcare Awards 2010'

2011:

  • A proud recipient of the “India Shining Star CSR Award' for the exceptional CSR work in the health sector

2012:

  • FICCI Health Care Excellence Award
  • Frost and Sullivan India Healthcare Excellence Awards

2013:

  • Financial Times Arcelor Mittal Boldness in Business Awards
  • Inc. India Innovative 100 Award

2014:

  • Narayana health was recognised among world’s top 50 ‘BCG Local Dynamos 2014’ for its exceptional operational efforts.
  • Gold Award winner in Customer Service by Asian Hospital Management Awards
  • Winner of ABP News Brand Excellence Award 2014

2015:

  • Identified for its exceptional work in the department of cardiology, NICS has been named the Best Single Specialty Hospital in India, Cardiology in the CNBC TV 18 & ICICI Lombard India Healthcare Award 2015-16
  • Recognized for its technology enabled innovative primary healthcare services to people living in resource deprived locations in India, Narayana Health has been awarded Public Health Champion Award by WHO India under the category of Innovation
  • NH receives the Healthcare Leadership Awards by Stars of the Industry Group in 2 categories; Outstanding Achievement Awards Healthcare - Social Cause, Healthcare & Social Care Support Award

2016:

  • Health Brand of the Year - Healthcare - India Health & Wellness Awards
  • Quality beyond Accreditation for NH Jaipur at the Global Conclave of Association of Health Care Providers India (AHPI)

2017:

  • Narayana Health was recognized as one of the Best Asian Healthcare Brands by the Economic Times, for its immense contributions & unique initiatives to improve the healthcare industry.
  • Best Cardiac Science Institute of the Year
  • Narayana Superspeciality Hospital Howrah was recognized as the Best Superspeciality Hospital of the Year (Oncology) at the International Healthcare Awards 2017 - country's most authoritative Summit & Awards for the healthcare industry.

2018:

  • Narayana Health won the Silver in Reproductive and Sexual Health Category at India Health & Wellness Summit and Awards.
  • Narayana Health listed in Fortune India 500
  • CSR Excellence in Healthcare

Milestones

  • 2000: Commenced operations from NICS in Bengaluru
  • 2008: The company entered into an investment agreement with the investor Selling Shareholders for the purpose of subscription by the investor Selling Shareholders to 75,414 Equity Shares of Rs 10 each of the company (in the aggregate) for a purchase price of Rs 53,040.55 (approximately) per share, including share premium of Rs 53,030.55 (approximately) per share.
  • 2014: Acquired AHDL.
  • 2014: Acquired the Jubilant Kalpataru Hospital, Barasat, West Bengal.
  • 2014: The company entered into a securities subscription agreement with CDC Group and CDC IOL for subscription to its equity shares and OCDs aggregating to around Rs 300 crore.
  • 2015: Obtained JCI accreditation for HCCI's multispecialty hospital in Cayman Islands.
  • 2018: Narayana Health City Launches ‘Senior Citizen’s Privilege Card’
  • 2018: Narayana Superspeciality Hospital empaneled with CGHS & NHPC
  • 2019: Narayana Health Guwahati opens Day care dialysis center.
  • 2019: Narayana Multispeciality Hospital Launches A Comprehensive Weight Loss Clinic : 1st In Mysore
  • 2019-20: SRCC Children’s Hospital, Mumbai completed 1,000 paediatric cardiac surgeries since its inception strengthening facility’s position as a top-notch medical destination for paediatric treatment
  • 2019-20: Foundation stone laid for setting up a comprehensive Radiation Centre at Health City Cayman Islands
  • 2019-20: Company signed a 3-year contract to deploy and manage NH’s Proprietary Data Intelligence Platform - MEDHA for a PanIndia Hospital Group
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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