Narayana Hrudayalaya Ltd. share price target

Blended model of affordable + high-quality services The company has a legacy model based on affordability over the years. Due to strict control over costs and capital, the company was making reasonable profit. However, as it looks to scale up in other regions, where the consideration for quality has more weight than affordability, the model is likely to be modified from 'affordable'' to a mix of affordable + quality at premium. Cases in point are the recent acquisition of Gurugram Hospital and buying out of partner in the Cayman Islands hospital internationally where...

Blended model of affordable + high-quality services The company has a legacy model based on affordability over the years. Due to strict control over costs and capital, the company was making reasonable profit. However, as it looks to scale up in other regions, where the consideration for quality has more weight than affordability, the model is likely to be modified from 'affordable'' to a mix of affordable + quality at premium. Cases in point are the recent acquisition of Gurugram Hospital and buying out of partner in the Cayman Islands hospital internationally where...

Blended model of affordable + high-quality services The company has a legacy model based on affordability over the years. Due to strict control over costs and capital, the company was making reasonable profits. However, as it looks to scale up in other regions, where the consideration for quality has more weight than affordability, the model is likely to be modified from 'affordable'' to a mix of affordable + quality at premium. Cases in point are the recent acquisition of Gurugram Hospital and buying out of partner in the Cayman Islands hospital internationally...

Blended model of affordable + high-quality services The company has a legacy model based on affordability over the years. Due to strict control over costs and capital, the company was making reasonable profits. However, as it looks to scale up in other regions, where the consideration for quality has more weight than affordability, the model is likely to be modified from 'affordable'' to a mix of affordable + quality at premium. Cases in point are the recent acquisition of Gurugram Hospital and buying out of partner in the Cayman Islands hospital internationally where...

A persistent improvement in occupancy rate across all segments coupled with substantial seasonality impact propelled both revenue growth, margins in H1. The new hospitals (SRCC, Gurugram, Dharamshila) continue to see a reduction in losses as the ramp-up in these assets is slowly but surely improving. The management reiterated a significant moderation in capex. On the M&A; front, this should improve return ratios gradually. The improvement, sustainability of these vital prints hold key as the focus now shifts to improvement in operating leverage. This was clearly visible in H1...

Blended model of affordable + high-quality services The company has had a legacy model based on affordability over the years. Due to strict control over costs and capital, Narayana Hrudayalaya (NHL) was making reasonable profits. However, as it looks to scale up in other regions, where the consideration for quality has more weight than affordability, the model is likely to be modified from 'affordable'' to a mix of affordable + quality at premium. Cases in point are the recent acquisition of Gurugram Hospital and buying out of partner in the Cayman Islands hospital...

Blended model of affordable + high-quality services The company has a legacy model based on affordability over the years. Due to strict control over costs and capital, the company was making reasonable profit. However, as it looks to scale up in other regions, where the consideration for quality has more weight than affordability, the model is likely to be modified from 'affordable'' to a mix of affordable + quality at premium. Cases in point are the recent acquisition of Gurugram Hospital and buying out of partner in the Cayman Islands hospital internationally where...

Blended model of affordable + high-quality services The company has a legacy model based on affordability over the years. Due to strict control over costs and capital, NHL was making reasonable profits. However, as it looks to scale up in other regions, where the consideration for quality has more weight than affordability, the model is likely to be modified from 'affordable'' to a mix of affordable + quality at premium. Cases in point are the recent acquisition of Gurugram Hospital and buying out of partner in the Cayman Islands hospital internationally where...

Q3FY19 results were a mixed bag with revenues and EBITDA above I-direct estimates while net profit was lower than I-direct estimates due to higher depreciation and tax rate Revenues grew 32.2% YoY to | 732 crore (I-direct estimate: | 713 crore) mainly due to consolidation of Health City Cayman Islands (Cayman)and ramp up in new hospitals EBITDA margins improved 136 bps YoY to 10.6% (I-direct estimate: 10.1%) mainly due to lower other expenditure. EBITDA grew 51.5%...

Narayana Hrudayalaya's Q2FY19 results were operationally better than I-direct estimates. Revenues grew 27.2% YoY to | 711.3 crore (Idirect estimate: | 696.8 crore) mainly due to consolidation of Health City Cayman Islands Ltd (Cayman) EBITDA margins declined 74 bps YoY to 10.3% (I-direct estimate: 7.4%) mainly due to higher employee expenses. EBITDA grew 21.6% YoY to | 73.0 crore (I-direct estimate: | 51.8 crore) Net profit declined 20.6% YoY to | 13.6 crore (I-direct estimate: | 5.4 crore) due to strong operational performance...