Stock Snapshot
Price Performance
Recommendation Rationale
Strong growth outlook supported by capacity expansion and strategic service enhancements.
Basis of our Recommendation
Yatharth Hospital is on a robust growth trajectory, driven by strategic capacity expansion and a focus on high-value specialty services. The management's roadmap includes significant bed capacity increases and operational improvements across key locations, positioning the company for enhanced revenue per bed. Positive market conditions and strategic partnerships further bolster the outlook, although attention to execution remains essential.
Why We Like This Stock
- Significant capacity expansion with a target of ~5,000 beds over three years
- Focus on high-value specialty services expected to drive ARPOB growth
- Positive market conditions and strategic partnerships enhancing growth potential
Things To Watch Out For
- Execution risk associated with aggressive expansion plans
Key Parameters
Financial Snapshot
| Actuals | Forecast | ||||
|---|---|---|---|---|---|
| FY24 | FY25 | FY26 | FY27 | FY28 | |
| Revenue (Cr.) | 635 | 860 | 1,207 | 1,518 | 1,867 |
| Profit Before Tax (Cr.) | 157 | 170 | 224 | 295 | 364 |
| PBT Margin | 24.7% | 19.8% | 18.6% | 19.5% | 19.5% |
| Net Profit (Cr.) | 116 | 122 | 170 | 218 | 269 |
| EPS | 12.0 | 12.7 | 18.2 | 22.6 | 27.9 |
Company Overview
Show Company Profile
Yatharth Hospital & Trauma Care Services Limited, together with its subsidiaries, owns and operates super-specialty hospitals in India. The company offers services in the areas of medicine, cardiology, neurosciences, general surgery, nephrology and urology, pediatrics, gastroenterology, pulmonology, gynecology, orthopedics, spine and rheumatology, plastic and cosmetic surgery, ear, nose, throat, endocrinology, critical care, dermatology, nuclear medicine, and cancer and bone marrow transplant. It also provides services in the areas of GI surgery and liver transplant, robotic surgery, kidney transplant, IVF and fertility, emergency medicine, ophthalmology, dentistry, psychology and psychiatry, physiotherapy and rehabilitation, anesthesiology, radiology, pathology and laboratory medicine, nutrition and health, interventional spine and pain medicine, neurology, neurosurgery, and cardiovascular and thoracic surgery. In addition, the company sells medicines and canteen food. The company was incorporated in 2008 and is based in Noida, India.