Geojit has given Buy recommendation for Narayana Health with a target price of Rs. 517 in its research report issued on Mar 31, 2021
Geojit’s research report on Narayana Health
NH operates 47 healthcare facilities including hospitals, clinics and heart centres with 6,656 capacity beds and 30+ specialities. The company has a strong track record of providing quality healthcare services at an affordable cost. Over the last 5 years, NH has focused on increasing its presence at tier-1 cities by setting up premium multispecialty hospitals in New Delhi, Gurugram and Mumbai. We expect revenue to grow at a CAGR of 21% over FY21-FY23E and EBITDA margin to expand to 14.5% in FY23E as share of revenues from new hospitals and Cayman Islands increase.