Narayana Hrudayalaya logo

Narayana Hrudayalaya share price

NSE: NHBSE: 539551Healthcare ServicesMid Cap

Narayana Hrudayalaya Ltd. · Face value ₹10 · Listed Jan 2016
Last close ₹1,723.10up ₹9.90 (0.58%)BSE ₹1,723.10

Share price at the NSE close on 28 Oct 2026. Previous close ₹1,713.20.

28 Oct: open ₹1,713.00, high ₹1,735.00, low ₹1,693.10

52-week range of traded prices to 28 Oct 2026
₹1,589.00Low, 2 Apr 2026₹2,093.30High, 17 Nov 2025
Market cap
₹35,213 Cr235th largest listed
P/E
43.15
P/B
7.76
Dividend yield
0.26%
ROE
20.0%
ROCE
13.1%
Debt to equity
1.07
Volume, NSE
97,69155.1% delivered

Narayana Hrudayalaya share price chart

Daily closes since Jan 2016, adjusted for splits and bonuses

−3.0%over a year · Nifty 500 −8.8%

Results20-session average 1,90,553 shares a day, 55.1% delivered

About Narayana Hrudayalaya

Narayana Hrudayalaya Limited runs a network of hospitals and healthcare facilities in India, the Cayman Islands and the United Kingdom, specialising in cardiac surgery and cardiology along with a wide range of other medical services.12 It also runs neighbourhood clinics around its Bengaluru hospitals and sells health insurance through a subsidiary.34

At the end of March 2026 its hospitals and clinics in India spanned 11 states, in cities including Bengaluru, Mysore, Kolkata, Guwahati, Raipur, Jaipur, Delhi, Gurugram, Ahmedabad and Mumbai.2 Health City Cayman Islands, a wholly owned subsidiary, operates a hospital in the Cayman Islands, where Cayman Integrated Healthcare, a subsidiary of a subsidiary, is authorised to sell health insurance.5 In the United Kingdom it bought Practice Plus Group Hospitals, which runs hospitals, surgical centres, urgent treatment centres and diagnostic centres, on 6 Nov 2025.67 Its subsidiary Athma Healthtech develops hospital software, which the group also sells to other hospitals as a service.89

Devi Prasad Shetty, a cardiac surgeon, established the company in 2000 and is its chairman and promoter.1011 The promoter group held 63.3% of the shares at the end of June 2026; Devi Prasad Shetty's sons Viren Prasad Shetty, the executive vice-chairman, and Anesh Shetty, a non-executive director, sit on the board.1213

Narayana Hrudayalaya key points

Results

  • In the quarter to Jun 2026, consolidated operating revenue was ₹26,836 million, up 78.0% from a year earlier, before the group owned its UK business, and EBITDA (earnings before interest, tax, depreciation and amortisation) was ₹5,052 million, an 18.8% margin.1415
  • Consolidated profit after tax in the quarter to Jun 2026 was ₹2,073 million, a 7.7% margin.16
  • In the year to Mar 2026, consolidated operating revenue rose 44.0% to ₹78,960 million, with EBITDA of ₹17,169 million (21.7% margin) and profit after tax of ₹8,105 million (10.3% margin); revenue and EBITDA were the group's highest ever.17
  • At the end of June 2026, consolidated net debt (borrowings less cash, bank balances and investments) was ₹19,671 million, a net debt to equity ratio (net debt divided by shareholders' equity) of 0.42.18

Revenue by business

  • Each business's own revenue, not a split of the consolidated total1920
    Itemyear to Mar 2026year to Mar 2025
    India hospitals₹47,396 million₹43,051 million
    Cayman Islands₹18,893 million, up 59.7%–
    United Kingdom (owned from November 2025)₹12,992 million–

Hospitals and beds

  • Healthcare facilities and operational beds at the end of June 20262122
    Itemquarter to Jun 2026
    India hospitals and heart centres20 facilities, 5,461 beds
    India clinics and dialysis centres20 facilities
    Cayman Islands2 facilities, 164 beds
    United Kingdom13 facilities, 330 beds
    In all, 55 facilities with 5,955 operational beds.

India hospitals

  • EBITDA of the India hospitals business was ₹10,949 million in the year to Mar 2026 (23.1% of revenue), against ₹8,930 million (20.7%) a year earlier.23
  • Average revenue per occupied bed (ARPOB) in the India hospitals was ₹19.2 million in the quarter to Jun 2026, against ₹17.6 million a year earlier.24
  • On its earnings call of 3 Aug 2026, the company said it intends to bring the average length of a hospital stay in India down to between 3.9 and 4 days, from 4.3 days in the year to Mar 2026.2526

Clinics and insurance

  • The clinic business, with 11 integrated care clinics at the end of June 2026, lost about ₹15 crore in the quarter to Jun 2026.2728
  • Narayana Health Insurance (India), ₹ million2930
    Itemquarter to Jun 2026quarter to Jun 2025
    Gross written premium (premiums sold, before reinsurance)26217
    Loss after tax20160
    Claims ratio (claims as a share of earned premium)219%72%
    The insurer covered more than 1.2 lakh lives at the end of March 2026.
  • The Cayman Islands insurer lost about US$3.7 million in the quarter to Jun 2026, against about US$5.2 million in the quarter to Mar 2026; all policies due for renewal that July were renewed at higher prices.3132

United Kingdom business

  • Revenue of the UK business grew about 5% in the quarter to Jun 2026 from a year earlier, before the group owned it; a heat wave cost it several days of operating capacity, and the company said the UK business lowered group margins.3334
  • On its earnings call of 3 Aug 2026, the company said the UK business was 95% funded by the NHS (the UK's public health service) when bought, and that it expected a move towards its closest peer's about 70% to take 4 to 5 years.35

Expansion and capital spending

  • The company stated in its annual report for the year to Mar 2026 that it planned to spend ₹7,300 million in the year to Mar 2027, and that its projects would add about 1,500 beds over 3 to 4 years at about ₹30,000 million.36
  • Hospital projects at the end of June 2026: beds and cost3738
    Itemquarter to Jun 2026
    Rajarhat, Kolkata (new)350 beds, ₹9,000 million
    South Bangalore (new)350 beds, ₹8,000 million
    HSR, Bangalore (new)215 beds, ₹4,900 million
    Central Bangalore (leased)220 beds, ₹1,600 million
    Raipur (expansion)300 beds
    South-West Bangalore (leased)100 beds
    The company's presentation of 3 Aug 2026 shows timelines shifted for the Kolkata, Central Bangalore and South Bangalore projects.

Recent events

  • KS-Narayana Hospital in Banashankari, Bengaluru, a 110-bed hospital built by the Kammavari Sangham society and operated and managed by the company, began commercial operations on 5 Oct 2026.39
  • In its exchange filing of 5 Oct 2026, the company said it had agreed to operate and manage the 100-bed Mission of Mercy Hospital & Research Centre on Park Street, Kolkata; operations depend on conditions that may take up to 12 months.4041
  • On 2 Apr 2026 shareholders and creditors approved a scheme to move NH Integrated Care's clinic business into the company; as of its annual report of 24 Jul 2026, the National Company Law Tribunal's final order was awaited.42
  • On 19 Jan 2026 shareholders and creditors approved merging the subsidiary Meridian Medical Research & Hospital, which runs 2 hospitals in Howrah, into the company; as of its annual report of 24 Jul 2026, the National Company Law Tribunal's final order was awaited.434445

Last updated

All 45 sources, each with its page
  1. 1. Exchange filing, 12 Dec 2025, page 5
  2. 2. Annual report, 24 Jul 2026, page 99
  3. 3. Annual report, 24 Jul 2026, page 5
  4. 4. Annual report, 24 Jul 2026, page 51
  5. 5. Annual report, 24 Jul 2026, page 50
  6. 6. Exchange filing, 6 Nov 2025, page 1
  7. 7. Annual report, 24 Jul 2026, page 51
  8. 8. Annual report, 24 Jul 2026, page 50
  9. 9. Investor presentation, 3 Aug 2026, page 17
  10. 10. Annual report, 24 Jul 2026, page 8
  11. 11. Annual report, 24 Jul 2026, page 137
  12. 12. Investor presentation, 3 Aug 2026, page 19
  13. 13. Annual report, 24 Jul 2026, page 87
  14. 14. Investor presentation, 3 Aug 2026, page 6
  15. 15. Exchange filing, 6 Nov 2025, page 1
  16. 16. Investor presentation, 3 Aug 2026, page 6
  17. 17. Annual report, 24 Jul 2026, page 6
  18. 18. Investor presentation, 3 Aug 2026, page 6
  19. 19. Annual report, 24 Jul 2026, page 39
  20. 20. Annual report, 24 Jul 2026, page 6
  21. 21. Investor presentation, 3 Aug 2026, page 5
  22. 22. Investor presentation, 3 Aug 2026, page 5
  23. 23. Annual report, 24 Jul 2026, page 41
  24. 24. Investor presentation, 3 Aug 2026, page 9
  25. 25. Earnings call, 3 Aug 2026, page 12
  26. 26. Annual report, 24 Jul 2026, page 39
  27. 27. Investor presentation, 3 Aug 2026, page 5
  28. 28. Earnings call, 3 Aug 2026, page 18
  29. 29. Investor presentation, 3 Aug 2026, page 12
  30. 30. Annual report, 24 Jul 2026, page 41
  31. 31. Earnings call, 3 Aug 2026, page 15
  32. 32. Earnings call, 3 Aug 2026, page 13
  33. 33. Earnings call, 3 Aug 2026, page 14
  34. 34. Earnings call, 3 Aug 2026, page 13
  35. 35. Earnings call, 3 Aug 2026, page 18
  36. 36. Annual report, 24 Jul 2026, page 6
  37. 37. Investor presentation, 3 Aug 2026, page 16
  38. 38. Investor presentation, 3 Aug 2026, page 16
  39. 39. Exchange filing, 5 Oct 2026, page 1
  40. 40. Exchange filing, 5 Oct 2026, page 1
  41. 41. Exchange filing, 5 Oct 2026, page 2
  42. 42. Annual report, 24 Jul 2026, page 59
  43. 43. Annual report, 24 Jul 2026, page 59
  44. 44. Annual report, 24 Jul 2026, page 49
  45. 45. Annual report, 24 Jul 2026, page 58

Results

Consolidated; ₹ crore.Narayana Hrudayalaya quarterly results

Revenue growth, 12 months
+57.8%
Net profit growth, 12 months
+3.9%

Quarter to Jun 2026, against the quarter before

Revenue
₹2,684 Crup 3.46%
Net profit
₹207 Crdown 7.47%
Net margin
7.7%

Revenue by quarter

₹1,400 CrSep 24₹1,367 CrDec 24₹1,475 CrMar 25₹1,507 CrJun 25₹1,644 CrSep 25₹2,151 CrDec 25₹2,594 CrMar 26₹2,684 CrJun 26

Net profit by quarter, a loss in red

₹199 CrSep 24₹193 CrDec 24₹197 CrMar 25₹197 CrJun 25₹258 CrSep 25₹127 CrDec 25₹224 CrMar 26₹207 CrJun 26

The quarters either side of a change of basis do not compare. From the quarter to Mar 2025, the company's revenue for the year to Mar 2025, ₹5,483 Cr, differs from its quarters added, ₹5,583 Cr.

₹ croreSep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue1,4001,3671,4751,5071,6442,1512,5942,684
Net profit199193197197258127224207
Net margin14.2%14.1%13.4%13.1%15.7%5.9%8.6%7.7%
Consolidated. The last eight quarters. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.

Business segments

Share of revenue, year to Mar 2026, consolidated.Segment revenue and profit

  • Medical and healthcare related services₹7,689 Crup 37.09%95.2%
  • Others₹386 Cr4.8%
The pill is the change in revenue on the year before; the share is of all the businesses together.

Valuation

Today, against the company's own history. Its history crosses a change of basis in the accounts in the year to Mar 2025: days before it are of the company before the change.Narayana Hrudayalaya PE ratio and valuation

Price to earnings

At or below today's level on 40% of 2,213 trading days since Nov 2016.

LowestHighest
Its median46.55Industry median42.88
Price to book

At or below today's level on 27% of 1,978 trading days since Nov 2018.

LowestHighest
Its median8.78Industry median4.47
Dividend yield

At or below today's level on 79% of 2,460 trading days over the last 10 years.

LowestHighest
Its median0.14%Industry median0.24%

Where the return came from

Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.

OverReturn a yearEarnings growthChange in P/EDividend yield
1 year−4.8%+2.0%−7.0%0.3%
3 years+27.8%+9.9%+16.0%0.3%
5 years+31.9%––0.3%
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add. Earnings growth and the change in P/E are left empty where earnings per share at either end of the window was a loss or is not on record.

Shareholding

Per cent of the company's shares, from the filing for Sep 2026.Narayana Hrudayalaya shareholding pattern

Shareholding by group

  • Promoters63.27%
  • Foreign institutions9.01%
  • Indian institutions10.68%
  • Individuals and others16.42%
  • Employee trusts0.62%
Holder
SHAKUNTALA SHETTYPromoter34.80%
DEVI PRASAD SHETTYPromoter11.66%
VARUN SHETTYPromoter5.00%
VIREN PRASAD SHETTYPromoter5.00%
ANESH SHETTYPromoter5.00%
KIRAN MAZUMDAR SHAWDirectors and their relatives2.30%
Holders are named in the company's own words: an insurer's holding can carry one of its funds' names. Mutual funds are left out here and listed fund by fund below.

Since Jun 2026: promoters unchanged, foreign institutions −0.39 pts, Indian institutions +1.62 pts, mutual funds +1.30 pts.

Mutual fund holdings

108 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 36 of the 47 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future.All 108 funds holding Narayana Hrudayalaya

Bought for the first time
35
Added
23
Cut
24
Held unchanged
26
Sold out
23
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.

Promoter and insider buying and selling

Trades made since 29 Oct 2025.Narayana Hrudayalaya insider trading

Bought on the market Sold on the market
  • Promoters and promoter group0 purchases, 1 saleNo purchase₹231 CrNet−₹231 Cr
Bought and sold count trades on the market only. A pledge is shares given to a lender as security for a loan; a lender invokes it by selling them.

Narayana Hrudayalaya competitors and peers

Hospital, 40 listed companies, priced on 28 Oct 2026. The table lists the 8 companies closest to Narayana Hrudayalaya in market cap.Healthcare companies

Where the company sits among the companies nearest its size

Return on equity across, P/E up, size is market cap
Company
Manipal Health EnterprisesMANIPALHOS84,612––––––0.00%
Max Healthcare Institute logoMax Healthcare InstituteMAXHEALTH82,87756.877.71+16.0%+27.0%14.5%13.0%0.23%
Aster DM Quality Care logoAster DM Quality CareASTERDM58,354183.11–+15.7%+0.2%8.0%12.4%0.45%
Fortis Healthcare logoFortis HealthcareFORTIS57,33954.725.79+17.5%+20.7%11.1%12.7%0.13%
Global Health logoGlobal HealthMEDANTA34,49762.028.71+21.3%+4.1%15.1%14.2%0.04%
Krishna Institute of Medical Sciences logoKrishna Institute of Medical SciencesKIMS29,594144.7113.17+30.9%−46.2%9.3%8.7%0.00%
Dr. Agarwal's Health Care logoDr. Agarwal's Health CareAGARWALEYE15,063101.537.44––7.6%14.1%0.00%
Rainbow Childrens Medicare logoRainbow Childrens MedicareRAINBOW12,23742.887.42+18.3%+10.9%18.3%25.0%0.29%
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.

Dividends

Per share, by the year it was paid for, and the latest payments.Narayana Hrudayalaya dividend history

Dividend per share, ₹, restated for later splits and bonuses

Mar 17Mar 181Mar 191Mar 20Mar 211Mar 222.5Mar 234Mar 244.5Mar 254.5Mar 26
Highest ₹4.50 a share, years to Mar 2025 and Mar 2026.
Ex-dateTypePer share
17 Jul 2026Final₹4.50
1 Aug 2025Final₹4.50
2 Aug 2024Final₹4.00
7 Jul 2023Final₹2.50
22 Aug 2022Final₹1.00
11 Mar 2020Interim₹1.00
Latest payments, as declared, by ex-date.

Latest announcements

Routine notices left out.Narayana Hrudayalaya announcements

Narayana Hrudayalaya share price by year

Each calendar year to 2025.Narayana Hrudayalaya share price history

YearClose at year endChangeHighest closeLowest close
20251,892.00+48.6%2,263.201,269.10
20241,272.80+5.9%1,416.951,148.10
20231,201.95+58.1%1,260.30712.15
2022760.45+18.9%791.45617.25
2021639.50+42.7%639.50383.20
2020448.15+45.8%448.95225.60
2019307.30+57.5%310.10185.95
2018195.10−34.6%314.85195.10
2017298.25−13.0%344.35283.00
2016342.90–362.00279.90
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before.

Recent sessions

The 9 trading days to 27 Oct 2026, as traded on NSE; the latest is at the top of the page.

DateOpenHighLowCloseAverage priceVolumeDelivery
27 Oct 20261,662.301,723.001,660.001,713.201,703.9287,73255.8%
26 Oct 20261,649.901,669.201,628.101,662.301,653.101,33,18156.3%
23 Oct 20261,693.201,705.201,622.801,646.901,643.521,97,68749.1%
22 Oct 20261,722.001,722.001,678.001,693.201,688.661,02,58449.9%
21 Oct 20261,740.901,748.801,696.001,725.001,723.551,37,88955.0%
19 Oct 20261,719.401,748.101,703.001,740.901,735.741,00,86050.6%
16 Oct 20261,716.001,731.201,706.501,719.401,718.5397,14361.5%
15 Oct 20261,685.001,735.001,675.701,725.401,721.841,84,67757.8%
14 Oct 20261,688.001,699.001,670.501,689.401,687.411,24,41460.8%
Prices in ₹ per share as traded, not adjusted.

Company details

Chairperson
Devi Prasad Shetty
At the end of the quarter to Sep 2026
Managing director and CEO
Emmanuel Rupert
At the end of the quarter to Sep 2026
NSE symbol
NH
BSE code
539551
ISIN
INE410P01011
Industry
Healthcare Services
CIN
L85110KA2000PLC027497
Corporate identity number, the registrar of companies' code for it
Incorporated
2000
Registered office
No.258/A, Bommasandra Industrial Area, Anekal Taluk, Bengaluru 562158, Karnataka
Share registrar
KFin Technologies Ltd
Keeps the register of shareholders and handles transfers and dividend payments