Narayana Hrudayalaya Ltd, stands as a prominent for-profit private hospital network in India, with a mission to deliver affordable healthcare services. Established in 2000 by the visionary Dr. Devi Shetty, the organization has evolved into a healthcare giant with a widespread network of multispecialty and super-specialty hospitals spanning various locations. Committed to providing economical medical care, Narayana Health has become a key player in the Indian healthcare sector.
In this article, we delve into the comprehensive aspects of the company, exploring its history, services, and impact on the healthcare landscape.
About Narayana Hrudayalaya
Formerly recognized as Narayana Hrudyalaya, this Indian for-profit private hospital network, led by Dr. Devi Shetty, operates from Bangalore. It spans major Indian cities and extends internationally to the Cayman Islands. Boasting 47 healthcare facilities, including owned and managed hospitals, heart centers, and primary healthcare units, it covers over 30 medical specialties.
With JCI accreditation for key facilities, such as the Narayana Institute of Cardiac Sciences in Bangalore and Health City Cayman Islands, the network has around 6,800 beds, of which approximately 6,200 are operational.
Notably, the company’s strategic expansion includes plans for a 1000-bed advanced specialty hospital in Kolkata. As of the latest financials, its market capitalization stands at ₹25,330 Cr, with a current share price of ₹1,239.
Narayana Hrudayalaya Q2 2023 Financial Highlights: Strong Sales Growth, Soaring Profits, and Impressive Stock Performance
- Net Sales: Rs 852.03 crore in September 2023, reflecting a substantial increase of 14.13% YoY.
- Net Profit: Recorded a robust growth of 49.61%, reaching Rs. 108.93 crore in September 2023 compared to Rs. 72.81 crore in the same period of 2022.
- EBITDA: Demonstrated positive performance, standing at Rs. 177.65 crore in September 2023, marking a significant growth of 16.33% from Rs. 152.71 crore in September 2022.
- Earnings Per Share (EPS): Witnessed a notable increase, rising to Rs. 5.36 in September 2023 from Rs. 3.59 in September 2022.
- Stock Performance: Narayana Hruda shares closed at 1,084.65 on November 13, 2023 (NSE), showcasing impressive returns of 41.01% over the last 6 months and 42.08% over the last 12 months.
Below are the trading platforms that you can use to purchase Narayana Hrudayalaya shares:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
When | Maximum Price | Minimum Price |
December 2023 | ₹1,382.28 | ₹1,201.98 |
Narayana Hrudayalaya’s share price is projected to trade with a maximum of ₹1,338.12 and a minimum of ₹1,163.58 in November 2023, and a maximum of ₹1,382.28 and a minimum of ₹1,201.98 in December 2023.
As of December 16, 2023, the current stock price stands at ₹1,190. The Stock Price/Earnings ratio (P/E) is reported at 32.79.
When | Maximum Price | Minimum Price |
January 2024 | ₹1,410.49 | ₹1,226.51 |
February 2024 | ₹1,439.27 | ₹1,251.54 |
March 2024 | ₹1,468.65 | ₹1,277.08 |
April 2024 | ₹1,425.87 | ₹1,239.89 |
May 2024 | ₹1,404.80 | ₹1,221.56 |
June 2024 | ₹1,455.37 | ₹1,265.54 |
July 2024 | ₹1,440.82 | ₹1,252.88 |
August 2024 | ₹1,498.45 | ₹1,303.00 |
September 2024 | ₹1,558.39 | ₹1,355.12 |
October 2024 | ₹1,527.83 | ₹1,328.55 |
November 2024 | ₹1,573.67 | ₹1,368.41 |
December 2024 | ₹1,613.01 | ₹1,402.62 |
Narayana Hrudayalaya’s projected share price for 2024 outlines a dynamic trajectory. Starting the year with an estimated range of ₹1,410.49 to ₹1,226.51 in January, the forecast continues to showcase fluctuations, with maximum and minimum prices varying across subsequent months.
The predicted values range from ₹1,439.27 to ₹1,251.54 in February, reaching ₹1,613.01 to ₹1,402.62 in December. These projections suggest potential market volatility throughout the year.
When | Maximum Price | Minimum Price |
January 2025 | ₹1,645.27 | ₹1,265.59 |
February 2025 | ₹1,687.45 | ₹1,298.04 |
March 2025 | ₹1,753.26 | ₹1,348.67 |
April 2025 | ₹1,718.89 | ₹1,322.22 |
May 2025 | ₹1,668.82 | ₹1,283.71 |
June 2025 | ₹1,743.92 | ₹1,341.48 |
July 2025 | ₹1,709.73 | ₹1,315.17 |
August 2025 | ₹1,762.60 | ₹1,355.85 |
September 2025 | ₹1,824.29 | ₹1,403.30 |
October 2025 | ₹1,871.73 | ₹1,439.79 |
November 2025 | ₹1,918.52 | ₹1,475.78 |
December 2025 | ₹1,966.48 | ₹1,512.68 |