āagman

Not investment advice. Data and computed figures, for information only.

Narayana Hrudayalaya Ltd

NSE: NH
₹1,725.40
+₹36.00 (+2.13%)
NSE · 15 Oct 2026, close
NSE
As of 31 Mar 2026
Market Cap
₹35,140 Cr
CMP
₹1,725.40
52-wk High / Low
₹2,093 / 1,589
P/E
40.8
P/B
7.8
Book Value
₹222.0
Div Yield
0.26%
ROCE
16.0%
ROE
20.5%
Face Value
₹10
D/E
1.29

Price−2.5% over 1Y

āagman read

Computed by āagman
Derived from 12 years and 15 quarters of filings. Not reported by the company.
As of 15 Oct 2026
How we compute these
Piotroski F-Score
4
/ 9
4 of 9 F-score tests passed
Graham Number
₹444
√(22.5 × EPS × book value per share)
ROIC
9.6%
vs 11.2% sector median
Cash flow to profit
2.01
CFO / PAT
Above 1.0 = operating cash flow exceeded reported profit
Margin change
−493
bps OPM YoY
Operating margin vs the same quarter last year
Sustainable growth
18.3%
ROE × earnings retention ratio
ROE stability
3.9
pp σ
Standard deviation of ROE across periods. Lower = more stable
Holder deltas
QoQ
pp
Prom +0.00FII −0.58DII −0.09
Latest quarter vs the previous one
Cash-accrual divergence
−8.3%
of assets
Low = accruals track cash flow
Strengths
+PE of 40.8x is below the sector median of 45.9x
Watch-outs
−Latest ROCE of 16% trails the sector median of 17%
−Borrowings are up 2170.5% since FY2016 (258 to 5858)
−Price trades below its 200-day moving average (0.9x)
−Promoter holding fell by 0.6pp over the last year

Peer comparison

Peers
NameP/EMar Cap ₹ CrROCE %ROE %

Quarterly results

Consolidated basis (as filed) · ₹ Cr · 13 quarters
As of 30 Jun 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales1,2331,3051,2041,2461,3061,3671,3351,4751,5071,6442,1512,5942,684
Expenses9639979259551,0041,0581,0271,1181,1711,2431,7862,0862,216
Operating Profit271308279291302309307358337401365508468
OPM %22.0%23.6%23.2%23.4%23.1%22.6%23.0%24.3%22.4%24.4%17.0%19.6%17.4%
Other Income15181826242318202424−292535
Interest21232528343537414542659187
Depreciation59556365616570828487122154156
Profit before tax206248209225231232219254232296149288260
Net Profit184227188191202199193197197258127224207
EPS (₹)9.0011.099.209.339.859.729.449.659.6212.646.2010.9610.14

Profit & Loss

As of 30 Jun 2026
Consolidated · ₹ Cr · 12 years + TTM
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1,3641,6141,8782,2812,8613,1282,5833,7014,5254,8905,4837,8969,072
Expenses1,2361,4341,6422,0642,5662,6942,3943,0383,5383,7224,1856,2557,330
Operating Profit1281802362172954341896649871,1681,2981,6411,742
OPM %9.4%11.2%12.6%9.5%10.3%13.9%7.3%17.9%21.8%23.9%23.7%20.8%19.2%
Other Income6−1971816721265973803756
Interest453328558194827684112163266285
Depreciation687680100137186184183210241278448520
Profit before tax21511358093161−56430752888936964993
Net Profit−1921835159119−14342607790791806817
EPS (₹)−0.841.044.062.512.905.82−0.7016.7329.6738.6238.6639.4239.94

Balance Sheet

As of 30 Jun 2026
Consolidated · ₹ Cr
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Jun 2026
Equity Capital200204204204204204204204204204204204—
Reserves5686727598318779329161,2841,9272,6793,4224,333—
Borrowings3622582178028139528267238841,6272,4285,858—
Other Liabilities2414244686927468138339311,1551,1231,2162,088—
Total Liabilities1,3711,5571,6482,5292,6402,9012,7793,1434,1705,6337,27112,482—
Fixed Assets9131,0541,0821,8481,8382,0921,9611,9802,3362,6514,2667,796—
CWIP201453355612206725951486292—
Investments528796917861201322528441,084573—
Other Assets3854024176377297116789641,3231,6241,8353,822—
Total Assets1,3711,5571,6482,5292,6402,9012,7793,1434,1705,6337,27112,482—

Cash Flows

As of 31 Mar 2026
Consolidated · ₹ Cr
Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity110771742191822794433044851,0851,0679861,621
Cash from Investing Activity−168−223−150−146−520−162−189−113−267−1,176−1,458−1,325−3,648
Cash from Financing Activity5714018−45315−27−247−194−159884885442,340
Net Cash Flow−1−64228−22897−259−497205313

Ratios

As of 31 Mar 2026
13 periods
Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %8.07.09.014.09.09.014.02.025.032.026.021.016.0
ROE %————————————20.5
EPS (₹)974.49−0.841.044.062.512.905.82−0.7016.7329.6738.6238.6639.42
Book Value (₹)————————————222.0
Face Value (₹)————————————10
P/E————————————40.8
Div Yield %————————————0.26
NPM %2.6−1.41.34.42.22.13.8−0.59.213.215.914.210.2
OPM %10.09.011.013.010.010.014.07.018.022.024.024.021.0
D/E0.570.470.290.230.770.750.840.740.490.410.560.671.29
P/B————————————7.8

Growth

As of 11 Oct 2026
Compounded sales growth
10 years+17.0%
5 years+25.0%
3 years+20.0%
TTM+60.0%
Compounded profit growth
10 years+42.0%
5 years+155.0%
3 years+12.0%
TTM+9.0%
Stock price CAGR
10 years+18.0%
5 years+28.0%
3 years+17.0%
Last year−3.0%
Return on equity
10 years20.0%
5 years26.0%
3 years25.0%
Last year21.0%

Shareholding pattern

As of 30 Jun 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters64.85%64.85%63.85%63.85%63.85%63.85%63.85%63.85%63.85%63.85%63.85%63.27%63.27%
FIIs0.00%0.00%7.79%14.76%15.71%9.58%10.96%10.64%10.36%10.91%9.66%9.98%9.40%
DIIs26.22%26.22%22.28%14.01%13.16%19.44%19.59%18.34%14.14%9.51%8.52%9.14%9.05%
Government0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.01%0.00%0.00%0.00%
Public8.93%8.93%6.08%7.38%6.52%6.41%4.89%6.47%11.01%15.12%17.34%16.98%17.65%
No. of shareholders1,43,3111,43,31129,56034,12331,15834,67136,36052,74775,3701,38,0521,85,7872,20,5612,11,173
Change since Jun 2023 (pp)
Promoters −1.58FIIs +9.40DIIs −17.17Public +8.72

Documents

As of 11 Oct 2026
Announcements
Intimation Of Commencement Of Commercial Operations Of KS-Narayana Hospital, Banashankari, BengaluruAnnouncement under Regulation 30 (LODR)-Memorandum of Understanding /AgreementsShareholder Meeting / Postal Ballot-Scrutinizer"s ReportIntimation Under Regulation 30 Read With Para A Of Part A Of Schedule III Of The SEBI (LODR) Regulations, 2015Closure of Trading Window
Annual reports
Annual Report 2026Annual Report 2025Annual Report 2024Annual Report 2023Annual Report 2022
Credit ratings
Rating updateRating updateRating updateRating updateRating update
Concalls
Aug 2026TranscriptAug 2026PPTAug 2026RecordingJul 2026PPTJun 2026TranscriptJun 2026PPTJun 2026RecordingFeb 2026TranscriptFeb 2026PPTFeb 2026RecordingNov 2025TranscriptNov 2025PPTNov 2025Recording

Corporate actions

As of 17 Jul 2026
17 Jul 2026DIVIDENDDividend - Rs 4.50 Per Share—
1 Aug 2025DIVIDENDDividend - Rs 4.50 Per Share—
2 Aug 2024DIVIDENDDividend - Rs 4 Per Share—
7 Jul 2023DIVIDENDDividend - Rs 2.50 Per Share—
22 Aug 2022DIVIDENDDividend - Rs 1 Per Share—
11 Mar 2020DIVIDEND Interim Dividend - Re 1 Per Share—
1 Aug 2019DIVIDEND Dividend - Re 1 Per Share—
Fundamentals from a third-party compiler of exchange filings; prices from the exchanges. Not investment advice.© 2026 āagman