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HCG Hospitals Valuation Multiples
Discover revenue and EBITDA valuation multiples for HCG Hospitals and similar public comparables like Saudi German Health, Spire Healthcare Group, Rhoen Klinikum, Clinica Baviera and more.
HCG Hospitals Overview
About HCG Hospitals
HealthCare Global Enterprises Ltd operates in oncology, providing comprehensive cancer diagnosis and treatment services including medical oncology, radiation therapy, and surgical oncology. It also offers fertility treatment services under the Milann brand, along with multi-specialty hospital care in key medical disciplines. The company’s operations span many metropolitan and non-metro cities across India and extend internationally with cancer care centers in Africa. HCG generates revenue through patient services in oncology, fertility treatments, diagnostics, and multi-specialty hospital care, leveraging technology and a networked business model to deliver patient-centric healthcare.
Founded
1998
HQ

Employees
5.8K
Website
Sectors
Financials (LTM)
EV
$1B
HCG Hospitals Financials
HCG Hospitals reported last 12-month revenue of $277M and EBITDA of $50M.
In the same LTM period, HCG Hospitals generated $202M in gross profit, $50M in EBITDA, and $5M in net income.
Revenue (LTM)
HCG Hospitals P&L
In the most recent fiscal year, HCG Hospitals reported revenue of $261M and EBITDA of $46M.
HCG Hospitals expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $277M | XXX | $261M | XXX | XXX | XXX |
| Gross Profit | $202M | XXX | $120M | XXX | XXX | XXX |
| Gross Margin | 73% | XXX | 46% | XXX | XXX | XXX |
| EBITDA | $50M | XXX | $46M | XXX | XXX | XXX |
| EBITDA Margin | 18% | XXX | 17% | XXX | XXX | XXX |
| EBIT Margin | 9% | XXX | 8% | XXX | XXX | XXX |
| Net Profit | $5M | XXX | $5M | XXX | XXX | XXX |
| Net Margin | 2% | XXX | 2% | XXX | XXX | XXX |
| Net Debt | — | — | $82M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
HCG Hospitals Stock Performance
HCG Hospitals has current market cap of $907M, and enterprise value of $1B.
Market Cap Evolution
HCG Hospitals' stock price is $6.08.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $1B | $907M | -0.1% | XXX | XXX | XXX | $0.04 |
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Start Free TrialHCG Hospitals Valuation Multiples
HCG Hospitals trades at 3.9x EV/Revenue multiple, and 21.3x EV/EBITDA.
EV / Revenue (LTM)
HCG Hospitals Financial Valuation Multiples
As of April 18, 2026, HCG Hospitals has market cap of $907M and EV of $1B.
Equity research analysts estimate HCG Hospitals' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
HCG Hospitals has a P/E ratio of 178.0x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $907M | XXX | $907M | XXX | XXX | XXX |
| EV (current) | $1B | XXX | $1B | XXX | XXX | XXX |
| EV/Revenue | 3.9x | XXX | 4.1x | XXX | XXX | XXX |
| EV/EBITDA | 21.3x | XXX | 23.6x | XXX | XXX | XXX |
| EV/EBIT | 43.0x | XXX | 50.0x | XXX | XXX | XXX |
| EV/Gross Profit | 5.3x | XXX | 8.9x | XXX | XXX | XXX |
| P/E | 178.0x | XXX | 169.4x | XXX | XXX | XXX |
| EV/FCF | 113.4x | XXX | 92.4x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified HCG Hospitals Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.


HCG Hospitals Margins & Growth Rates
HCG Hospitals' revenue in the last 12 month grew by 16%.
HCG Hospitals' revenue per employee in the last FY averaged $0.0M, while opex per employee averaged $0.0M for the same period.
HCG Hospitals' rule of 40 is 35% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
HCG Hospitals' rule of X is 59% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
HCG Hospitals Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 16% | XXX | 5% | XXX | XXX | XXX |
| EBITDA Margin | 18% | XXX | 17% | XXX | XXX | XXX |
| EBITDA Growth | 23% | XXX | 9% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 35% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 59% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.0M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.0M | XXX | XXX | XXX |
| S&M Expenses to Revenue | — | XXX | 2% | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 2% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 38% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
HCG Hospitals Public Comps
See public comps and valuation multiples for other Hospitals & Clinics comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| HCG Hospitals | XXX | XXX | XXX | XXX | XXX | XXX |
| Saudi German Health | XXX | XXX | XXX | XXX | XXX | XXX |
| Spire Healthcare Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Rhoen Klinikum | XXX | XXX | XXX | XXX | XXX | XXX |
| Clinica Baviera | XXX | XXX | XXX | XXX | XXX | XXX |
| Diagnósticos da América | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
HCG Hospitals M&A Activity
HCG Hospitals acquired XXX companies to date.
Last acquisition by HCG Hospitals was on XXXXXXXX, XXXXX. HCG Hospitals acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by HCG Hospitals
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialHCG Hospitals Investment Activity
HCG Hospitals invested in XXX companies to date.
HCG Hospitals made its latest investment on XXXXXXXX, XXXXX. HCG Hospitals invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by HCG Hospitals
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout HCG Hospitals
| When was HCG Hospitals founded? | HCG Hospitals was founded in 1998. |
| Where is HCG Hospitals headquartered? | HCG Hospitals is headquartered in India. |
| How many employees does HCG Hospitals have? | As of today, HCG Hospitals has over 5K employees. |
| Who is the CEO of HCG Hospitals? | HCG Hospitals' CEO is Manish Mattoo. |
| Is HCG Hospitals publicly listed? | Yes, HCG Hospitals is a public company listed on National Stock Exchange of India. |
| What is the stock symbol of HCG Hospitals? | HCG Hospitals trades under HCG ticker. |
| When did HCG Hospitals go public? | HCG Hospitals went public in 2016. |
| Who are competitors of HCG Hospitals? | HCG Hospitals main competitors are Saudi German Health, Spire Healthcare Group, Rhoen Klinikum, Clinica Baviera. |
| What is the current market cap of HCG Hospitals? | HCG Hospitals' current market cap is $907M. |
| What is the current revenue of HCG Hospitals? | HCG Hospitals' last 12 months revenue is $277M. |
| What is the current revenue growth of HCG Hospitals? | HCG Hospitals revenue growth (NTM/LTM) is 16%. |
| What is the current EV/Revenue multiple of HCG Hospitals? | Current revenue multiple of HCG Hospitals is 3.9x. |
| Is HCG Hospitals profitable? | Yes, HCG Hospitals is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of HCG Hospitals? | HCG Hospitals' last 12 months EBITDA is $50M. |
| What is HCG Hospitals' EBITDA margin? | HCG Hospitals' last 12 months EBITDA margin is 18%. |
| What is the current EV/EBITDA multiple of HCG Hospitals? | Current EBITDA multiple of HCG Hospitals is 21.3x. |
| What is the current FCF of HCG Hospitals? | HCG Hospitals' last 12 months FCF is $9M. |
| What is HCG Hospitals' FCF margin? | HCG Hospitals' last 12 months FCF margin is 3%. |
| What is the current EV/FCF multiple of HCG Hospitals? | Current FCF multiple of HCG Hospitals is 113.4x. |
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