Narayana Hrudayalaya (Narayana Health) NH
Value-focused hospital chain known for high-volume cardiac surgery, with hospitals across India, Health City Cayman Islands, the UK's Practice Plus Group Hospitals (bought Nov 2025) and its own health-insurance arm
Mapped in 1 theme: Hospitals & Healthcare.
Where Narayana Hrudayalaya (Narayana Health) sits in the supply chain
Narayana Hrudayalaya (Narayana Health) appears in 2 supply-chain layers in one theme, Hospitals & Healthcare.
Hospitals & Healthcare › Multi-specialty hospital chains
OperatorOther companies in this layer
Hospitals & Healthcare › Health insurers & TPAs
Emerging entrantOther companies in this layer
Revenue and profit
| ₹ Cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 3,701 | 4,525 | 4,890 | 5,483 | 7,896 |
| Net profit | 342 | 607 | 790 | 791 | 806 |
Latest-year revenue ₹7,896 Cr (FY26, company-wide).
Strengths
- Low-cost, high-volume clinical model keeps prices affordable while earning good margins
- Cayman Islands hospital earns in US dollars; the £188.78m Practice Plus deal adds UK elective surgery (NHS-funded)
- Launched Narayana Health Insurance to sell its own integrated cover - a step toward a payer-provider model
Risks
- Overseas expansion adds currency, NHS-policy and integration risk
- Insurance arm is small and early-stage, and needs capital before it earns
- India growth depends on filling newer hospitals
Common questions
What does Narayana Hrudayalaya (Narayana Health) do?
Value-focused hospital chain known for high-volume cardiac surgery, with hospitals across India, Health City Cayman Islands, the UK's Practice Plus Group Hospitals (bought Nov 2025) and its own health-insurance arm.
Where does Narayana Hrudayalaya (Narayana Health) sit in the supply chain?
Narayana Hrudayalaya (Narayana Health) (NSE: NH) is mapped in 2 supply-chain layers: Multi-specialty hospital chains (Hospitals & Healthcare) and Health insurers & TPAs (Hospitals & Healthcare).
Who are Narayana Hrudayalaya (Narayana Health)'s peers?
In the Multi-specialty hospital chains layer of Hospitals & Healthcare: Apollo Hospitals Enterprise, Max Healthcare Institute, Manipal Health Enterprises (Manipal Hospitals), Fortis Healthcare, Global Health (Medanta), Aster DM Quality Care and 5 more.
What is Narayana Hrudayalaya (Narayana Health)'s market cap and valuation?
As of 6 Nov 2026: market cap ₹38,884 Cr, P/E 43.0x, ROCE 15.5%, ROE 20.5%, dividend yield 0.24%.