NNextResearch

HealthCare Global Enterprises (HCG) HCG

India's largest listed cancer-care network (HCG cancer centres) plus Milann fertility clinics; KKR took control from CVC in 2025

Mapped in 1 theme: Hospitals & Healthcare.

From publicly available information

Where HealthCare Global Enterprises (HCG) sits in the supply chain

HealthCare Global Enterprises (HCG) appears in 1 supply-chain layer in one theme, Hospitals & Healthcare.

Hospitals & Healthcare › Single-specialty chains

Operator

Other companies in this layer

Dr Agarwal's Health CareRainbow Children's MedicareShalbyIndira IVF (unlisted)Cloudnine Hospitals (unlisted)
View in the 3D map →

Revenue and profit

₹ CrFY22FY23FY24FY25FY26
Revenue1,3951,6911,9082,2182,538
Net profit3918414923

Latest-year revenue ₹2,538 Cr (FY26, company-wide).

Strengths

  • Oncology is the fastest-growing high-acuity specialty
  • Equipment-heavy radiation and nuclear medicine create a moat
  • KKR ownership brings capital for expansion

Risks

  • High capex and leases keep returns on capital modest
  • Some centres are still ramping up
  • Cancer-drug mark-ups are central to the Supreme Court case

Common questions

What does HealthCare Global Enterprises (HCG) do?

India's largest listed cancer-care network (HCG cancer centres) plus Milann fertility clinics; KKR took control from CVC in 2025.

Where does HealthCare Global Enterprises (HCG) sit in the supply chain?

HealthCare Global Enterprises (HCG) (NSE: HCG) is mapped in 1 supply-chain layer: Single-specialty chains (Hospitals & Healthcare).

Who are HealthCare Global Enterprises (HCG)'s peers?

In the Single-specialty chains layer of Hospitals & Healthcare: Dr Agarwal's Health Care, Rainbow Children's Medicare, Shalby, Indira IVF (not NSE-listed) and Cloudnine Hospitals (not NSE-listed).

What is HealthCare Global Enterprises (HCG)'s market cap and valuation?

As of 6 Nov 2026: market cap ₹8,957 Cr, P/E 226.0x, ROCE 8.3%, ROE 2.5%, dividend yield 0%.