19 Nov 2025 | 5 Mins Read
Target Rs 2100 for Narayana Hrudayalaya, says Prabhudas Lilladher
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Prabhudas Lilladher's research report on Narayana Hrudayalaya (NARH) notes a 32% YoY EBITDA growth in Q2FY26 to Rs4.1bn. The Cayman business showed a 58% YoY increase and India business a 21% YoY growth. Management plans to add 1500 beds across India over the next 3 years. FY27E EBITDA increases by 15-17% and PAT remains unchanged, with a 'BUY' rating and TP of Rs2,100/share.