BQ Prime's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer BQ Prime's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Prabhudas Lilladher Report
Narayana Hrudayalaya Ltd. reported highest ever profitability in Q1 from its India business which is sustainable. We see decline in Cayman profitability as blip and should recover from Q2.
Our FY23E and FY24E Ebitda stands increased by 7% and 6%. Narayana Hrudayalaya continues with aggressive capex plan across India and Cayman operations over next two-three years.
This enhances growth visibility beyond FY24 however, in near term it may increase debt and impact return ratios. We expect Ebitda compound annual growth rate of 21% over FY22-24E. Despite capex intensity going up, return on equity/ return on capital employed will remain healthy at ~25% by FY24E.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
