Motilal Oswal Sees 17% Upside In Global Health, Says Expansion To Drive Long-Term Growth — Check Target Price

Backed by strong operational momentum over the next 3-5 years and a well-defined expansion pipeline that strengthens revenue visibility beyond FY28, the brokerage reiterates Buy on Global Health

With brand strength, execution capability, and a clear runway for expansion, Medanta is positioned as a key beneficiary of India’s rising demand for premium healthcare.

(Image: Medanta Hospital website)

The recently commissioned Medanta Noida hospital, with 226 beds and advanced quaternary care facilities, marks a strategic entry into a high-demand healthcare cluster serving a 250 km catchment across Western UP, Uttarakhand, Haryana, and Rajasthan.

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Motilal Oswal Report

We continue to value Medanta at 30 times 12 months EV/Ebitda multiple, arriving at a target price of Rs 1,480. Backed by strong operational momentum over the next three-five years and a well-defined expansion pipeline that strengthens revenue visibility beyond FY28.

We reiterate our Buy rating on the stock.

We expect 21%/6% CAGR in Ebitda for developing (ex-Noida) and matured hospitals. Overall, we expect a healthy scale-up of Ebitda (16% CAGR including Noida operations) over FY26-28 to Rs 14 billion.

Click on the attachment to read the full report:

Motilal Oswal Global Health Company Update.pdf
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Also Read: 'Buy' Piramal Finance Maintains Motilal Oswal, Revises Target Price — Check Details

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