Best Healthcare Stocks in India 2024
Best Healthcare Stocks in India: Health care is the most important aspect of everyone’s life. The healthcare industry monitors the emergence of medical problems. In India, due to population growth, the availability of various health issues or self-care services will inevitably increase. It is considered a defensive sector during times of economic uncertainty.
In this article, we will take a look at some of the best healthcare companies in India.
List of Best Healthcare Stocks in India
India’s Best Healthcare Stock #1: Yatharth Hospital and Trauma Care
Yatharth Super Specialty Hospital Established in 2008, it provides medical services with 1,200 beds across three hospitals. Three super specialty hospitals (300, 400 and 500 beds) have been established in Noida, Greater Noida and Greater Noida West. The stock was recently listed on the stock exchange on August 7, 2023, with BSE listing price of 304 and GMP of Rs. 4.
According to the most recent records, the company agreed to pay Rs 1.16 billion for Asian Fidelis Hospital, a 200-bed facility in Faridabad. This will help us increase our presence in the Delhi-NCR region. Yatharth has introduced robotic surgery and expanded its transplant services to include liver transplants. This indicates a focus on advanced healthcare services.
Note: If you want to learn candlestick and chart trading from scratch, here are some of the best books available on Amazon! Get the book now!
Yathrath operates and recognizes its business segments based on the provision of hospital services. Medical and healthcare services revenue accounted for the majority of operating revenue in FY23. The company’s operating revenue in FY23 was Rs. 520.29 crore compared to Rs. It increased by 29.77% to ₹400.93 crore in FY22.
Net profit recorded 140 million won. 65.76 crore in FY23 compared to Rs. It increased by 48.91% to $44.16 billion in FY22. RoE was 43.87%. We saw Yatharth Hospital & Trauma Care in the list of best healthcare stocks in India.
Best Healthcare Stocks in India #2: Dr Agarwal Eye Hospital
Dr. Agarwal’s It was founded in Chennai in 1994 by late Dr. Jaiveer Agarwal. They expanded their presence in India and Africa. It is currently present in 13 states and unions in India and has expanded to 10 countries in Africa starting from Mauritius. We serve customers in Ghana, Mozambique, Nigeria, Madagascar, Tanzania, Rwanda, Uganda, etc.
This company specializes in refraction, glaucoma, cornea, laser correction, retina, cataract, strabismus, neuro-ophthalmology, pediatric ophthalmology, Uvea, Orbit and Oculoplasty. They plan to invest up to $150 million over two to three years to expand their presence in India and Africa.
The expansion includes combining independent hospitals specializing in ophthalmology with smaller regional chains and establishing new hospitals. The expansion will be funded by an August fundraising campaign, internal accruals and debt. So in August, we raised about $80 million from famous investors such as TPG and Temasek.
Agarwal Eye Hospital specializes in eye care sales and services. It sold optical devices, pharmaceuticals, contact lenses, accessories, and food, accounting for 24.43% of sales. Surgery, consultations, treatments and alignments accounted for the remaining 75.56% of FY23 revenue.
The operating revenue of the company is Rs. 267.89 crore in FY23 compared to Rs. It increased by 33.13% to ₹201.21 crore in FY22. Net profit recorded 160 million won. 36.92 crore in FY23 compared to Rs. It increased by 53.19% to $24.1 billion in FY22. RoE recorded 18.22%.
Also read…
Best Healthcare Stocks in India #3: Narayana Hrudayaraya
Narayana Hrudayalaya It was founded in 2000 by Dr. Devi Shetty. The company operates as a medical and healthcare service provider with a chain of tertiary care facilities in various specialties. The hospital offers a wide range of medical services in areas including dermatology, hematology, neurology, orthopedics, pediatrics, cancer care, cardiology, pulmonology and more.
In addition, we provide a variety of surgical services, including cardiac surgery, neurosurgery, thoracic surgery, and kidney transplantation. Diagnostic and support services provided by the hospital include imaging and radiology services, physiotherapy sessions and blood bank services.
According to a recent report, most investments over the next decade will be focused on increasing market share in Bangalore and Kolkata through organic and inorganic growth. The company has disbursed capital expenditure of INR 5 billion by the third quarter of FY24 and the remaining will be disbursed in the fourth quarter. Capital expenditure in FY25 is expected to be INR 1,200 crore.
Operating revenues are recognized in the Healthcare and Healthcare Services segment, with India accounting for 79.94% and Rest of the World, including the Cayman Islands and Saint Lucia, accounting for 20.05% as of FY23. The operating revenue of the company was Rs. 4,524.76 crore in FY23 compared to Rs. It increased by 22.24% to ₹3,701.31 crore in FY22.
Net profit recorded 140 million won. 606.56 crore in FY23 compared to Rs. It increased by 77.29% to ₹342.12 crore in FY22. RoE recorded 29.48%. Narayana Hrudayalaya has been one of the best Indian healthcare stocks to consider.
Best Healthcare Stocks in India #4: Apollo Hospitals Enterprise
Apollo It was founded in 1979 by Dr. Prathap C Reddy. Apollo Hospitals operates tertiary care hospitals specializing in a variety of specialties including cardiology, oncology and orthopedics. We also provide primary care; telemedicineConsulting, health insurance, education and training, and research services.
As per latest records, plans laid out for new hospitals in Pune, Hyderabad and Kolkata and brownfield expansion in Bangalore are expected to be implemented by the end of fiscal 2025. There is an opportunity to increase by 200 basis points (bps). Margins will increase in the coming quarters through a variety of actions, including higher occupancy rates, improved payer mix, introduction of new clinical programs, and optimization of physician costs.
In FY23, Apollo recognized revenue from its operations: Healthcare (52.20%), Retail Health & Diagnostics (7.41%), Digital Health & Primary Distribution (40.35%), and the remaining 0.04%.
The operating revenue of the company is Rs. 16,612.50 crore in FY23 compared to Rs. It increased by 13.29% to ₹14,662.60 crore in FY22. Net profit decreased by 23.82%. 1,108.40 crore in FY22 to Rs 844.43 billion in FY23. In 2022, we recorded an exceptional profit of 50 billion won. $294.1 million for AMSHL recalibration. RoE recorded 10.72%.
Best Healthcare Stocks in India #5: Rainbow Children’s Medicare
Rainbow Children’s Medicare It was founded in 1999 by Dr. Ramesh Kacharla. They offer a wide range of services to meet their customers’ needs. These services include obstetrics and gynecology, obstetrics and gynecology, pediatric quaternary care, pediatric multispecialty services, obstetrics, neonatal and pediatric intensive care.
The obstetrics and gynecology services provided by the company are diverse and encompass normal and complex obstetric care, multidisciplinary prenatal care, perinatal genetic care, and infertility care. They are expanding their health care services to add 280 beds in FY23. Rainbow has signed a 125-bed hospital project in Coimbatore and work on the project is expected to begin soon.
Project work is underway on planned hospitals in Hennur (Bangalore), Rajahmundry (AP) and Gurgaon (NCR). Additionally, new flagship hospitals will be opened soon at Anna Nagar (80 beds) in Chennai and Sarjapur (90 beds) in Bangalore. The company segments its business into the Medical and Healthcare Services segment.
This segment includes hospital services, pharmacy sales, and medical service fee revenues, which account for 98.91% of total revenue. The remaining revenue amounting to 1.08% comes from other operating income sources such as cord blood extraction, restaurant income, sponsorship income and other miscellaneous revenue sources as reported in FY23.
In FY23, the company’s operating revenue was Rs. 1,173.57 crore compared to Rs. It increased by 20.52% to $9737.5 billion. Net profit increased by 53.14%. 138.67 crore in FY22 to Rs 212.37 crore. RoE recorded 18.91%. Now we come to the end of the list of best healthcare stocks in India.
List of other best healthcare stocks in India
Let’s take a look at some of the best healthcare stocks in India.
Read more: Polycab vs KEI Industries
conclusion
As we near the end of our article on best healthcare stocks in India, we have looked at some stocks in the healthcare sector in India. The industry is expected to expand further as human life expectancy increases and technology and life expectancy advance. What do you think about the potential of these companies in the healthcare industry? Let us know your thoughts in the comments section below.
Written by Santosh
By leveraging the Stock Screener, Stock Heatmap, Portfolio Backtesting and Stock Comparison tools on the Trade Brains portal, investors have access to comprehensive tools to identify the best stocks, stay updated and informed with stock market news. invest.
Start your stock market journey now!
Want to learn stock market trading and investing? Check out exclusive stock market courses from FinGrad, a learning initiative from Trade Brains. You can sign up for free courses and webinars from FinGrad and start your trading career today. Sign up now!!
