Narayana Hrudayalaya Ltd (NARH IN): All That Cheap Is Not Always Value Buying Opportunity
NHL starts FY26 on muted note, with Q1FY26 revenue from India operation increasing just 8% YoY, EBITDA margin narrowing to 23.9% (Q1FY25: 24.9%),...
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IHH Healthcare (IHH MK): Double-Digit Growth Across Key Metrics for Q3; Bed Expansion to Continue
IHH reported stellar performance in 3Q23, with 19% revenue and 26% EBITDA growth on higher patient volumes and improved case mix. The company plans...
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Manipal Health IPO: The Investment Case
Manipal Health, a leading private hospital chain in India, is seeking to raise about US$1.1 billion. In this note, I discuss the investment case.
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Max Healthcare Institute Ltd - Short-Term Disruptions; Multi-Year Growth Intact
Revenue Growth Moderates: Max Healthcare reported net revenue of Rs 2,484 Cr, up 9% YoY but down 3.7% QoQ, moderately below expectations.
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Max Healthcare Institute: Steady Growth Visbility, Margin Hinges on Execution. Upgrade to ADD
Max Healthcare (MAXHEALTH) is on track with its capex plan to add over 3,000 beds between FY26 and FY28 (~2,100 brownfield and 900 greenfield beds)
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