Narayana Hrudayalaya Ltd
Narayana Hrudayalaya Ltd (NH)

Narayana Hrudayalaya Ltd (NH)

₹686.150.74%

Key Stats

₹680
Day's Price Range
₹693
₹468.3
52-Week Price Range
₹777
1 Month Return6.93 %
3 Month Return3.62 %
1 Year Return32.25 %

Company Financials

  • Quarterly
  • Annual
Value in ₹ crore

Peer Comparsion

PE
Rank 11
39.17
EPS
Rank 5
₹16.84
BVPS
Rank 10
₹54.89
Dividend Yield
Rank 6
ROE
Rank 44
-6.98%
Price To Book Ratio
Rank 14
12.01
Debt To Asset
Rank 6
0.59

Company Information

Narayana Hrudayalaya Limited together with its subsidiaries and associates is primarily engaged in business of rendering medical and healthcare services. Narayana Hrudayalaya Limited the flagship company of the Group was incorporated on 19th July 2000 by Dr. Devi Prasad Shetty as its founder. It has a network of 23 multispeciality and super speciality hospitals with 7 heart centres spread across 18 locations in India and 1 multispecialty hospital in Cayman Islands. As on 31st March 2019 the Company has 10 subsidiary companies and 2 associate companies.During the financial year ended 31 March 2016 Narayana Hrydayalaya acquired the entire remaining 26 in Narayana Hrudayalaya Surgical Hospital Private Limited NHSHPL from Infrastructure Development Corporation Karnataka Limited IDECK by paying Rs 3025.60 Lacs as total purchase consideration to make NHSHPL as its wholly owned subsidiary. During the year under review the company through its wholly owned subsidiary entered into an agreement with prominent Kenyan doctors and couple of leading international financial institutions to establish a multispecialty hospital in Nairobi Kenya. The company through its wholly owned subsidiary would initially own 26 equity stake in the operational entity for a consideration of USD 1.325 million. The multispecialty hospital will be a state of the art tertiary care facility poised to cater to patients across different specialties. The 130 bedded hospital will provide affordable quality care that Narayana stands for to the patients from Kenya and neighbouring African countries. During the year under review the company received National Accreditation Board for Hospitals Healthcare Providers NABH accreditation for 5 new units viz. HSR Guwahati Ahmedabad Jamshedpur and Mysore.Asia Healthcare Development Limited AHDL was a wholly owned subsidiary of the Company which was engaged in the business of operation of hospitals clinics health centers nursing homes and other related activities. The Company was sold in November 2016 to Lila Hospitals Private Limited by executing a Share Purchase Agreement for the sale of all its shares for a consideration of Rs. 38.34 lacs.The promoters and promoter group of the company other shareholders JP Morgan Mauritius Holdings Ambadevi Mauritius Holdings Ashoka Investment Holdings offloaded a total of 2.45 crore equity shares of Narayana Hrudayalaya by way of an initial public offer IPO. The IPO was open for subscription during the period from 17 to 21 December 2015. There was no fresh issue of shares from the company. The company got its securities listed on BSE Limited and on National Stock Exchange of India Limited on 6 January 2016.During the year ended 31st March 2016 the Company completed the Initial Public Offering IPO through an offer for sale by existing shareholders to the extent of 24523297 equity shares of face value of Rs10 each for a cash price of Rs 250 per equity share including a premium of Rs 240 per equity share of 6287978 equity shares by Ashoka Investment Holdings Limited 1886455 equity shares by Ambadevi Mauritius Holdings Limited 12261648 equity shares by JP Morgan Mauritius Holdings IV Limited 2043608 equity shares by Dr. Devi Prasad Shetty and 2043608 equity shares by Shakuntala Shetty aggregating to Rs 6130.82 million and the equity shares of the Company were listed on the Bombay Stock Exchange Limited and the National Stock Exchange of India Limited on 6th January 2016.At the beginning of the financial year ended 31 March 2017 Narayana Hrydayalaya made significant investments by acquiring NewRise Healthcare Private Limited from Panacea Biotech Limited at an enterprise value of Rs 180 crore. On the organic route the company started fiscal 201617 with the commissioning of its super speciality facility at Kakriyal Jammu established in partnership with Shri Mata Vaishno Devi Shrine Board. The 230 bedded facility is a stateoftheart tertiary care facility catering to patients across 20 different specialities with a particular focus on cardiac sciences and oncologyPursuant to a Share Purchase Agreement executed in November 2016 Asia Healthcare Development Limited was sold to Lila Hospitals Private Limited. Narayana Hrydayalayas subsidiary Narayana Hrudayalaya Hospitals Malaysia Sdn Bhd Narayana Malaysia filed an application for voluntary liquidation pursuant to Section 2571 of the Companies Act 1965 of Malaysia in January 2017.During the financial year ended 31 March 2017 the company launched a dedicated 30 bedded platinum wing in Mazumdar Shaw Medical Centre Bengaluru to offer worldclass services and comfort in line with international standards of dedicated care and hospitality. During the year under review the company partnered with Cisco to offer affordable remote diagnostic capabilities this digital telemedicine solution would deliver advanced specialized healthcare services remotely in various parts of the country.Narayana Hrydayalayas wholly owned subsidiary Narayana Hrudayalaya Surgical Hospital Private Limited NHSHPL entered into a Healthcare Services Agreement in March 2017 with Dharamshila Cancer Foundation and Research Centre for operating a hospital in New Delhi. NHSHPL is engaged in the business of operating and maintaining hospitals clinics health centers nursing homes and other related activities.Towards the beginning the financial year ended 31 March 2018 the company commissioned SRCC Childrens Hospital at Haji Ali Park Mahalaxmi in Mumbai. The facility is operated and managed by Narayana Hrydayalaya and backed by SRCC an institution renowned for serving the needs of children from all sections of society. SRCC Childrens Hospital is the companys maiden foray in Mumbai and a wellcalibrated step in line with the group strategy to reinforce its presence across selected regional clusters. Narayana Hrydayalaya also acquired a 230 bedded near complete hospital at Gurugram in early 201718.During the financial year ended 31 March 2018 NewRise Healthcare Private Limited NRHPL was merged with the company vide Regional Directors Order dated 4 October 2017. NRHPL was a wholly owned subsidiary of the company which was acquired from Panacea Biotech Limited during the year under review. Health City Cayman Islands Ltd HCCI is a company incorporated in Cayman Islands and operates a hospital in Cayman Islands. Narayana Hrydayalaya held 28.6 equity shares in HCCI through its wholly owned subsidiary Narayana Cayman Holdings Limited NCHL and the balance 71.4 of the shares of HCCI was held by Ascension Health Ventures LLC USA AHV an affiliate of Ascension Health Alliance USA AHA. HCCI bought back 71.4 held by AHV during the year under review. Consequent to this buy back HCCI became a 100 step down subsidiary of company. Buoyed by the strong patients response from neighbouring areas including Bangladesh the company commissioned 2nd LINAC at Westbank in June 2017. During the financial year ended 31 March 2018 the company expanded its reach in northern and western clusters.
OrganisationNarayana Hrudayalaya Ltd
HeadquartersBengaluru
IndustryHealthcare