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Narayana Health Valuation Multiples
Discover revenue and EBITDA valuation multiples for Narayana Health and similar public comparables like Mouwasat, Aster DM Healthcare, Kpj Healthcare, Bumrungrad Hospital and more.
Narayana Health Overview
About Narayana Health
Narayana Hrudayalaya Ltd is an India-based medical and healthcare service provider. The company is engaged in the business of running and operating hospitals, clinics, health centers, nursing homes, and other related activities. The Company’s sole operating segment is Medical and Healthcare Related Services. It also provides surgery services such as Cardiac Surgery, nephrology, urology, neurology, neurosurgery, endocrinology, orthopaedics, internal medicine, obstetrics, gynaecology, paediatrics, neonatology, gastroenterology, and oncology. It has business operations in India and the Rest of the world, of which the maximum revenue is generated from the business operations in India.
Founded
2000
HQ
Employees
11.4K
Website
Sectors
Financials (LTM)
EV
$4B
Narayana Health Financials
Narayana Health reported last 12-month revenue of $830M and EBITDA of $175M.
In the same LTM period, Narayana Health generated $660M in gross profit, $175M in EBITDA, and $99M in net income.
Revenue (LTM)
Narayana Health P&L
In the most recent fiscal year, Narayana Health reported revenue of $645M and EBITDA of $149M.
Narayana Health expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $830M | XXX | $645M | XXX | XXX | XXX |
| Gross Profit | $660M | XXX | $298M | XXX | XXX | XXX |
| Gross Margin | 79% | XXX | 46% | XXX | XXX | XXX |
| EBITDA | $175M | XXX | $149M | XXX | XXX | XXX |
| EBITDA Margin | 21% | XXX | 23% | XXX | XXX | XXX |
| EBIT Margin | 16% | XXX | 18% | XXX | XXX | XXX |
| Net Profit | $99M | XXX | $92M | XXX | XXX | XXX |
| Net Margin | 12% | XXX | 14% | XXX | XXX | XXX |
| Net Debt | — | — | $189M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Narayana Health Stock Performance
Narayana Health has current market cap of $4B, and enterprise value of $4B.
Market Cap Evolution
Narayana Health's stock price is $19.63.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $4B | $4B | 2.9% | XXX | XXX | XXX | $0.46 |
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Start Free TrialNarayana Health Valuation Multiples
Narayana Health trades at 4.9x EV/Revenue multiple, and 23.1x EV/EBITDA.
EV / Revenue (LTM)
Narayana Health Financial Valuation Multiples
As of April 18, 2026, Narayana Health has market cap of $4B and EV of $4B.
Equity research analysts estimate Narayana Health's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Narayana Health has a P/E ratio of 40.2x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $4B | XXX | $4B | XXX | XXX | XXX |
| EV (current) | $4B | XXX | $4B | XXX | XXX | XXX |
| EV/Revenue | 4.9x | XXX | 6.3x | XXX | XXX | XXX |
| EV/EBITDA | 23.1x | XXX | 27.1x | XXX | XXX | XXX |
| EV/EBIT | 30.3x | XXX | 34.2x | XXX | XXX | XXX |
| EV/Gross Profit | 6.1x | XXX | 13.5x | XXX | XXX | XXX |
| P/E | 40.2x | XXX | 43.1x | XXX | XXX | XXX |
| EV/FCF | (38.2x) | XXX | (389.9x) | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Narayana Health 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.
Narayana Health Margins & Growth Rates
Narayana Health's revenue in the last 12 month grew by 32%.
Narayana Health's revenue per employee in the last FY averaged $0.1M, while opex per employee averaged $0.0M for the same period.
Narayana Health's rule of 40 is 55% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Narayana Health's rule of X is 107% (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).
Narayana Health Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 32% | XXX | 27% | XXX | XXX | XXX |
| EBITDA Margin | 21% | XXX | 23% | XXX | XXX | XXX |
| EBITDA Growth | 29% | XXX | 16% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 55% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 107% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.1M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.0M | XXX | XXX | XXX |
| S&M Expenses to Revenue | — | XXX | 3% | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 4% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 29% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Narayana Health Public Comps
See public comps and valuation multiples for other Hospitals & Clinics comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Narayana Health | XXX | XXX | XXX | XXX | XXX | XXX |
| Mouwasat | XXX | XXX | XXX | XXX | XXX | XXX |
| Aster DM Healthcare | XXX | XXX | XXX | XXX | XXX | XXX |
| Kpj Healthcare | XXX | XXX | XXX | XXX | XXX | XXX |
| Bumrungrad Hospital | XXX | XXX | XXX | XXX | XXX | XXX |
| Option Care Health | 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.
Narayana Health M&A Activity
Narayana Health acquired XXX companies to date.
Last acquisition by Narayana Health was on XXXXXXXX, XXXXX. Narayana Health acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Narayana Health
| 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 TrialNarayana Health Investment Activity
Narayana Health invested in XXX companies to date.
Narayana Health made its latest investment on XXXXXXXX, XXXXX. Narayana Health invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Narayana Health
| 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 Narayana Health
| When was Narayana Health founded? | Narayana Health was founded in 2000. |
| Where is Narayana Health headquartered? | Narayana Health is headquartered in India. |
| How many employees does Narayana Health have? | As of today, Narayana Health has over 11K employees. |
| Who is the CEO of Narayana Health? | Narayana Health's CEO is Emmanuel Rupert. |
| Is Narayana Health publicly listed? | Yes, Narayana Health is a public company listed on National Stock Exchange of India. |
| What is the stock symbol of Narayana Health? | Narayana Health trades under NH ticker. |
| When did Narayana Health go public? | Narayana Health went public in 2016. |
| Who are competitors of Narayana Health? | Narayana Health main competitors are Mouwasat, Aster DM Healthcare, Kpj Healthcare, Bumrungrad Hospital. |
| What is the current market cap of Narayana Health? | Narayana Health's current market cap is $4B. |
| What is the current revenue of Narayana Health? | Narayana Health's last 12 months revenue is $830M. |
| What is the current revenue growth of Narayana Health? | Narayana Health revenue growth (NTM/LTM) is 32%. |
| What is the current EV/Revenue multiple of Narayana Health? | Current revenue multiple of Narayana Health is 4.9x. |
| Is Narayana Health profitable? | Yes, Narayana Health is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Narayana Health? | Narayana Health's last 12 months EBITDA is $175M. |
| What is Narayana Health's EBITDA margin? | Narayana Health's last 12 months EBITDA margin is 21%. |
| What is the current EV/EBITDA multiple of Narayana Health? | Current EBITDA multiple of Narayana Health is 23.1x. |
| What is the current FCF of Narayana Health? | Narayana Health's last 12 months FCF is ($106M). |
| What is Narayana Health's FCF margin? | Narayana Health's last 12 months FCF margin is (13%). |
| What is the current EV/FCF multiple of Narayana Health? | Current FCF multiple of Narayana Health is (38.2x). |
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