Narayana Hrudayalaya Ltd - Stock Valuation and Financial Performance

BSE: 539551 | NSE: NH | Hospital & Healthcare Services | Small Cap

Narayana Hrudayalay Share Price

1,216.30 -18.50 -1.50%
as on 12-Jul'24 16:01

DeciZen - make an informed investing decision on Narayana Hrudayalay

Overall Rating
Bole Toh

1. Quality

2. Valuation

Somewhat overvalued

3. Price Trend

Semi Strong

Narayana Hrudayalaya stock performance -

mw4me loader
P/E Ratio (CD):
31.49
Market Cap:
24,856.4 Cr.
52-wk low:
972.1
52-wk high:
1,445.1

Is Narayana Hrudayalaya Ltd an attractive stock to invest in?

1. Is Narayana Hrudayalaya Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Narayana Hrudayalaya Ltd is a good quality company.

2. Is Narayana Hrudayalaya Ltd undervalued or overvalued?

The key valuation ratios of Narayana Hrudayalaya Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

3. Is Narayana Hrudayalaya Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Narayana Hrudayalaya Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Narayana Hrudayalay:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

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'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 4.7%1.5%4.7%9%6%6.1%9.9%2.7%21.2%27%-
Value Creation
Index
-0.6-0.9-0.7-0.3-0.6-0.6-0.3-0.80.61.0-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 1,0951,3641,6141,8782,2812,8613,1282,5833,7014,5255,018
Sales YoY Gr.-24.5%18.3%16.4%21.4%25.4%9.3%-17.4%43.3%22.3%-
Adj EPS 1-0.81.54.22.62.85.8-0.51729.738.6
YoY Gr.--180%NA182.3%-37.6%8.9%106.7%-108.2%NA74.5%-
BVPS (₹) 30.938.442.746.75052.855.454.672.7104.3141.1
Adj Net
Profit
18.9-163084.852.957.7119-9.9347606789
Cash Flow from Ops. 11076.71742191822794433044851,085-
Debt/CF from Ops. 34.71.514.42.91.621.10.7-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 17.1%14.7%13.1%22.3%
Adj EPS 45.7%62.8%72%74.5%
BVPS14.5%15.8%23.5%43.4%
Share Price - 39.4% 32.4% 19.4%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
3.4-2.43.69.25.35.510.7-0.926.633.531.5
Op. Profit
Mgn %
11.29.411.112.39.810.313.97.618.221.823
Net Profit
Mgn %
2.10.51.84.52.323.8-0.49.413.415.7
Debt to
Equity
0.60.50.30.20.80.80.60.60.40.40.4
Working Cap
Days
9790817279787079656963
Cash Conv.
Cycle
654-4-3-3-9-14-13-1725

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 31.50%

Sales growth is growing at healthy rate in last 3 years 13.10%

Net Profit is growing at healthy rate in last 3 years 71.97%

Sales growth is good in last 4 quarters at 11.28%

No data to display

Latest Financials - Narayana Hrudayalaya Ltd.

Standalone Consolidated
TTM EPS (₹) 20.8 38.6
TTM Sales (₹ Cr.) 3,266 5,018
BVPS (₹.) 90.1 141.1
Reserves (₹ Cr.) 1,636 2,679
P/BV 13.51 8.62
PE 58.55 31.49
From the Market
52 Week Low / High (₹) 972.05 / 1445.05
All Time Low / High (₹) 181.35 / 1445.05
Market Cap (₹ Cr.) 24,856
Equity (₹ Cr.) 204.4
Face Value (₹) 10
Industry PE 81.1

Management X-Ray of Narayana Hrudayalay:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Narayana Hrudayalay

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales1,0951,3641,6141,8782,2812,8613,1282,5833,7014,525
Operating Expenses 9721,2381,4371,6492,0612,5662,7012,3943,0383,544
Manufacturing Costs3554635346257769299888621,0801,287
Material Costs2813413874365576887456789091,001
Employee Cost 198277334375466623674627768879
Other Costs 137158182213263327294227280377
Operating Profit 123126177229220295427189663980
Operating Profit Margin (%) 11.2%9.2%11.0%12.2%9.6%10.3%13.6%7.3%17.9%21.7%
Other Income 2281623191928273565
Interest 31453328558194827684
Depreciation 57687680100137186184183210
Exceptional Items 00-11-110-11000
Profit Before Tax 5721511358093161-56430752
Tax 21153052293442-4288145
Profit After Tax 35621835159119-14342607
PAT Margin (%) 3.2%0.4%1.3%4.4%2.3%2.1%3.8%-0.6%9.2%13.4%
Adjusted EPS (₹)1.7-0.81.04.12.52.95.8-0.716.729.7
Dividend Payout Ratio (%)0%0%0%0%0%35%17%0%6%8%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 5807688739541,0221,0791,1331,1171,4852,131
Share Capital 0200204204204204204204204204
Reserves 5805686687498188749289121,2811,926
Minority Interest3100001111
Debt279305232189734737629525444639
Long Term Debt227207188180696725619504432626
Short Term Debt5299459381211211113
Trade Payables153136161207305334362410449615
Others Liabilities 140160290297466484765715754772
Total Liabilities 1,1561,3701,5561,6472,5282,6332,8892,7683,1334,157

Fixed Assets

Gross Block9631,2201,4171,5222,3852,5042,9432,9823,1553,671
Accumulated Depreciation2253073634405376668511,0221,1751,334
Net Fixed Assets7389131,0551,0821,8481,8382,0921,9611,9802,336
CWIP 202014533556122067259
Investments 5152879691786120132252
Inventories49515052848360485972
Trade Receivables134143152157279266262279437432
Cash Equivalents 2830243435101115132172380
Others Assets135161175173238271262209285427
Total Assets 1,1561,3701,5561,6472,5282,6332,8892,7683,1334,157

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 110771742191822794433044851,085
PBT 5721511358093161-56430752
Adjustment 67111136112162231295250274313
Changes in Working Capital 7-32228-2785356-152105
Tax Paid -20-22-35-37-34-54-6654-67-86
Cash Flow From Investing Activity -168-222-150-146-534-161-189-113-267-1,174
Capex -171-92-90-119-203-150-114-70-250-521
Net Investments 15-4-3-19-174-12-75-51-18-417
Others -12-126-57-9-1571181-236
Cash Flow From Financing Activity 5714018-45315-27-247-194-15988
Net Proceeds from Shares 020000000000
Net Proceeds from Borrowing 62-15849-534728-108-102-68208
Interest Paid -28-39-25-21-32-55-51-43-36-43
Dividend Paid 000000-4900-20
Others 23137-6-2000-39-48-55-57
Net Cash Flow -1-54228-36908-259-2
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)6.270.882.549.095.25.6410.77-1.2726.333.55
ROCE (%)10.216.367.4514.098.949.3413.611.4626.8333.92
Asset Turnover Ratio1.031.081.11.171.091.111.130.911.251.24
PAT to CFO Conversion(x)3.1412.838.292.643.574.733.72N/A1.421.79
Working Capital Days
Receivable Days38373330353531383535
Inventory Days1513111011118855
Payable Days149155140154168169170208172194

Narayana Hrudayalaya Ltd Stock News

Narayana Hrudayalaya Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Narayana Hrudayalay on 12-Jul-2024 16:01 is ₹1,216.3.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 12-Jul-2024 16:01 the market cap of Narayana Hrudayalay stood at ₹24,856.4.
The latest P/E ratio of Narayana Hrudayalay as of 12-Jul-2024 16:01 is 58.55.
The latest P/B ratio of Narayana Hrudayalay as of 12-Jul-2024 16:01 is 13.51.
The 52-week high of Narayana Hrudayalay is ₹1,445.1 and the 52-week low is ₹972.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Narayana Hrudayalay is ₹3,266 ( Cr.) .

About Narayana Hrudayalaya Ltd

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
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