Narayana Hrudayalaya Share Price Target 2024, 2025, 2026, 2027, 2028, 2029, 2030

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.

How to Purchase Narayana Hrudayalaya Shares?

Below are the trading platforms that you can use to purchase Narayana Hrudayalaya shares:

➤ Zerodha

➤ Upstox

➤ Groww

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➤ AngelOne

➤ ICICIDirect

Narayana Hrudayalaya Share Price Target: 2023 – 2030

Narayana Hrudayalaya Share Price Target 2023

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.

Narayana Hrudayalaya Share Price Target 2024

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.

Narayana Hrudayalaya Share Price Target 2025

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

Narayana Hrudayalaya’s projected share prices for 2025 reveal a potential upward trend. Starting the year with an estimated range of ₹1,645.27 to ₹1,265.59 in January, the forecast indicates a consistent increase, reaching ₹1,966.48 to ₹1,512.68 in December. This trajectory reflects a steady growth pattern, with monthly maximum and minimum prices experiencing gradual increments.

The company’s performance is anticipated to remain resilient, with values ranging from ₹1,687.45 to ₹1,298.04 in February and ₹1,871.73 to ₹1,439.79 in October. Investors may find these projections encouraging, suggesting a positive outlook for Narayana Hrudayalaya’s market position and share value in the upcoming year.

Narayana Hrudayalaya Share Price Target: 2026 – 2030

Year Maximum Price Minimum Price
2026 ₹2,064.81 ₹1,445.36
2027 ₹2,271.29 ₹1,589.90
2028 ₹3,179.80 ₹1,589.90
2029 ₹2,753.07 ₹1,376.54
2030 ₹3,579.00 ₹2,505.30

The share price projections for Narayana Hrudayalaya from 2026 to 2030 outline a trajectory of anticipated growth. Starting at ₹2,064.81 to ₹1,445.36 in 2026, the forecast suggests a consistent upward trend. Subsequent years indicate substantial increases, with 2027 expecting a range of ₹2,271.29 to ₹1,589.90, and 2028 projecting ₹3,179.80 to ₹1,589.90.

Despite a potential dip in 2029, with a range of ₹2,753.07 to ₹1,376.54, the long-term outlook remains positive. The year 2030 anticipates a significant surge, ranging from ₹3,579.00 to ₹2,505.30. These projections suggest a promising future for Narayana Hrudayalaya, reflecting confidence in its growth prospects over the next five years.

Financial Condition Of Narayana Hrudayalaya: Last 5 Years

2019 2020 2021 2022 2023
Sales (Rs. Crores) 2,861 3,128 2,583 3,701 4,525
Expenses (Rs. Crores) 2,566 2,694 2,394 3,038 3,538
Operating Profit
(Rs. Crores)
295 434 189 664 987
OPM % 10% 14% 7% 18% 22%
Other Income
(Rs. Crores)
16 7 21 26 59
Interest (Rs. Crores) 81 94 82 76 84
Depreciation
(Rs. Crores)
137 186 184 183 210
Profit before tax
(Rs. Crores)
93 161 -56 430 752
Tax % 37% 26% 75% 20% 19%
Net Profit (Rs. Crores) 59 119 -14 342 607
EPS (Rs.) 2.90 5.82 -0.70 16.73 29.67
Dividend Payout % 35% 17% -0% 6% 8%

Narayana Hrudayalaya’s financial performance over the last five years reflects a dynamic trajectory.

Despite a dip in sales in 2021, the hospital rebounded impressively in 2022 and 2023, reaching Rs. 4,525 crores. The operating profit margin (OPM) showcased a consistent upward trend, peaking at 22% in 2023, indicating improved operational efficiency.

Notably, the company reported a negative profit before tax in 2021, but robust growth in subsequent years resulted in substantial profits, with a tax-efficient structure evident in declining tax percentages.

The Compound Annual Growth Rate (CAGR) for net profit reveals a remarkable 63% over the last five years, underscoring Narayana Hrudayalaya’s resilience and sustained profitability.

Prabhudas Lilladher On Narayana Hrudayalaya Share Price Target

Prabhudas Lilladher, in its research report dated June 16, 2023, has expressed a positive outlook on Narayana Hrudayalaya, issuing a buy recommendation for the stock. The research firm has set a target price of Rs 1100.

FAQs

What is Narayana Hrudayalaya’s current market capitalization?

Narayana Hrudayalaya’s current market capitalization stands at an impressive ₹24,181 crores.

What is the current share price of Narayana Hrudayalaya?

As of December 16, 2023, the current share price of Narayana Hrudayalaya is ₹1,190.

What is the 2024 share price target for Narayana Hrudayalaya?

As per our analysis, Narayana Hrudalaya is expected to reach a share price of Rs. 1,613.01 by the end of 2024.

What is the projected share price for Narayana Hrudayalaya in 2025?

The forecasted share price for Narayana Hrudayalaya in 2025 ranges from ₹1,966.48 to ₹1,265.59.

What is the compounded profit growth for Narayana Hrudayalaya over the last 10 years?

Narayana Hrudayalaya has demonstrated an impressive compounded profit growth of 49% over the past decade.

What is the compounded profit growth for Narayana Hrudayalaya over the last 5 years?

The compounded profit growth for Narayana Hrudayalaya over the last 5 years is an outstanding 63%.

What is Narayana Hrudayalaya’s current Price/Earnings (P/E) ratio?

Narayana Hrudayalaya’s Stock Price/Earnings (P/E) ratio currently stands at 32.79.

What is the dividend payout percentage for Narayana Hrudayalaya in 2023?

In 2023, Narayana Hrudayalaya’s dividend payout percentage is a noteworthy 8%.

How has Narayana Hrudayalaya’s net sales grown in September 2023 compared to the same period in 2022?

Narayana Hrudayalaya has experienced a commendable growth of 14.13% Year-over-Year in net sales for September 2023.

How much has Narayana Hrudayalaya’s net profit grown in September 2023 compared to the same period in 2022?

The net profit for Narayana Hrudayalaya witnessed robust growth, reaching Rs. 108.93 crores in September 2023, marking a significant increase from Rs. 72.81 crores in the same period of 2022.

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Charting Success and Compassionate Care: Narayana Hrudayalaya’s Dynamic Journey in Healthcare

Narayana Hrudayalaya is renowned for being one of the world’s largest specialized heart centers, equipped with advanced facilities like 16 dedicated cardiac operation theaters and 6 digital cath labs, including a state-of-the-art hybrid lab capable of performing both complex heart surgeries and interventional cardiac procedures. With a mission to deliver affordable healthcare, Narayana Health has become a cornerstone in the sector, marked by a dynamic trajectory over the last five years.

The financial performance of Narayana Hrudayalaya underscores its resilience and strategic prowess. Notably, the company achieved a remarkable 63.3% Compound Annual Growth Rate (CAGR) in net profit over the past five years, attesting to its operational efficiency and financial soundness. The median sales growth of 21.4% over the last decade further accentuates its sustained market presence and adaptability to industry dynamics.

However, one thing to note here is the company now trades at 10.3 times its book value, indicating a potential valuation concern for investors. Despite this, Narayana Hrudayalaya remains a key player in the healthcare sector with promising growth prospects. The positive outlook is favored by strong financial indicators, strategic expansions, and favorable recommendations, such as Prabhudas Lilladher’s buy rating with a target price of Rs 1100.

The future of Narayana Hrudayalaya looks bright because the company is expanding without increasing costs for patients. They are doubling their capacity and looking for new growth opportunities while keeping prices stable. Their growth strategy includes enhancing services and possibly entering the insurance market. With hospitals in many major Indian cities and an international branch, Narayana Health’s strong performance, shown by its rising share prices and significant profit increase, adds to its promising outlook. This success is built on a foundation established in 2000 by Devi Shetty.

In short, Narayana Hrudayalaya is a successful hospital that is strong financially and focused on providing affordable healthcare. It has done well in the past and is making smart plans for the future, making it an important part of making healthcare better and more available to people.

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Author: Sneha Saha

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