Manipal Hospitals Market Cap Surpasses ₹1 Trillion
By Business Desk
Manipal Hospitals crosses ₹1 trillion market cap driven by strong performance and analyst upgrades. Stock hits new highs, signaling robust growth.
Manipal Health Enterprises (Manipal Hospitals) saw its market capitalization surpass ₹1 trillion on Friday. The stock price hit a new high of ₹813.70, marking a 2 percent gain during intra-day trading.
Key Market Metrics
- Manipal Hospitals stock rallied 13 percent in the past week.
- The current trading price represents a 38 percent premium over its issue price of ₹590.
- HSBC Global Investment Research initiated coverage with a ‘Buy’ rating.
- HSBC set a target price of ₹1,000 per share.
The ‘Buy’ rating from HSBC Global Investment Research was primarily driven by anticipated improvements in EBITDA margins for Sahyadri Hospitals. This outlook underscores a positive sentiment regarding the company’s operational efficiency.
Operational Performance
As India’s largest pan-India multi-specialty hospital network by bed capacity, Manipal Hospitals has strategically expanded since FY23. The company aims to further enhance profitability following this significant capacity growth.
- Revenue from operations grew 38.1 percent year-on-year to ₹3,091 crore in Q1FY27.
- EBITDA increased 26.4 percent year-on-year to ₹749 crore during the same period.
- Both inpatient and outpatient volumes recorded substantial growth.
- Occupancy rates improved to 65.0 percent.
Analysts project a threefold increase in profit after tax for Manipal Hospitals between FY26 and FY29e. This forecast highlights the long-term growth potential and financial trajectory for the healthcare provider.