Yatharth Hospital & Trauma Care Services Ltd(YATHARTH)

NSE: YATHARTHBSE: 543950

₹ 923.5+0.23%refreshed 23 Oct, 03:30 pm ISTMarket cap: ₹ 8,898 crWebsite: www.yatharthhospitals.comUpdated: 24 Oct 2026

About

Yatharth Hospital & Trauma Care Services Ltd runs super-speciality hospitals and reports healthcare services as a single operating segment. As of FY26 it has nine hospitals with more than 2,800 beds across Noida, Greater Noida, Noida Extension, Faridabad, New Delhi, Agra, Jhansi-Orchha and Gurugram. It is the largest player in Noida, with 3 hospitals and 1,100 beds, and one of the largest in Faridabad. FY26 revenue was Rs 1207.17 Cr.^[1][2]

Hospital network and capacity

As of FY26 the group has nine hospitals with more than 2,800 beds, counting the upcoming 250-bed Gurugram hospital.^[1]
Operational census beds were 1,820 in Q1 FY27.^[3]
Clusters in FY26: Noida has 3 hospitals with 1,100 beds and Faridabad has 2 hospitals with 600 beds. The Model Town, New Delhi hospital acquired in 2025 has 300 beds and 50 ICU beds.^[1]
Total announced bed capacity is above 3,200 beds. This includes Gurugram Sector 40 and planned additions at Greater Noida (+200 beds) and Noida Extension (+250 beds).^[4]
The Greater Noida West hospital has JCI (USA) accreditation, and the hospitals are NABH accredited (FY26).^[1]
The network runs 11 Centres of Excellence and employs 750+ doctors (FY25).^[5]

Clinical specialities and technology

As of FY26 the specialties include oncology, neurosciences, transplant sciences, cardiology, renal sciences and robotic surgery.^[1]
Equipment in FY26 includes Philips Azurion cath labs, Da Vinci, Mako and CUVIS robotic systems, a 1.5 Tesla MRI and 128-slice CT scanners.^[1]
Oncology was about 10% of group revenue in Q1 FY27, served by one LINAC machine at Noida Extension. Oncology is about 30% of that hospital's revenue.^[3]
The Agra hospital installed Agra's first Da Vinci robotic system and completed 50 robotic surgeries in its first quarter.^[4]

Key operating metrics

Group ARPOB was Rs 34,758 in Q1 FY27, up 7% YoY. Noida Extension and New Delhi Model Town each passed Rs 50,000 for the first time.^[3]
Group occupancy was 68% in Q1 FY27: Noida Sector 110 at 91% and Greater Noida at 74%. ALOS was 3.73 days.^[3]
IPD volumes were 139,000 in Q1 FY27, up 15% YoY.^[3]
Network ARPOB was Rs 30,829 in FY25, and mature hospitals reported Rs 34,417.^[5]

Payer and case mix

Government payers (CGHS/ECHS/ESI) were about 40% of group revenue in Q1 FY27, raised by a CGHS rate revision.^[3]
The new hospitals run on more than 90% cash and private insurance, with government payers capped below 10% (Q1 FY27).^[3]
Newer hospitals made up 27% of group revenue in Q1 FY27, up from 22% in Q4 FY26.^[3]

New hospital ramp-up

The Agra hospital (250 beds) posted an EBITDA margin above 20% in Q1 FY27, with monthly revenue of Rs 9 - 10 crore.^[3]
New Delhi Model Town is expected to reach EBITDA breakeven between Q3 and Q4 FY27.^[3]

Expansion and capex

Gurugram Sector 40: the hospital was acquired for about Rs 100 crore, with about Rs 100 crore more for fit-out. Its 250 beds are expected to open by Q1 FY28.^[4][1]
Brownfield additions: Greater Noida +200 beds in about 15 months and Noida Extension +250 beds in about 18 - 19 months, both measured from Q1 FY27.^[3]
Management targets 5,000 beds in about 2.5 years from Q1 FY27, with capex guided at Rs 75 - 80 lakh per bed.^[3]
A second LINAC machine is being added at Faridabad Sec-20 for H2 FY27, followed by New Delhi.^[3]
Planned in FY26: centres of excellence in oncology, transplant and robotic surgery.^[1]

International patients and customers

Exports were 1.28% of total turnover in FY26, compared with 0.51% in FY25.^[1][5]
Representative offices have been set up in Tashkent and Baghdad. Information centres are planned in Uzbekistan, Tajikistan, Mauritius, Tanzania and Kenya (FY26).^[1]
The company was appointed exclusive hospital partner to Noida International Airport (FY26).^[1]

Recent developments

FY26: the company acquired 100% of Shanti Ved Institute of Medical Sciences, Agra (150 beds, expandable to 250).^[1]
November 1, 2025: the Faridabad Sector 20 hospital started operations through subsidiary MGS Infotech.^[1]
FY26: the Gurugram Sector 40 hospital asset was acquired through AKS Medical.^[1]
Q2 FY26: CRISIL upgraded the company's rating to CRISIL A/Stable.^[6]
Q2 FY26: income tax authorities released all provisionally attached properties and fixed deposits.^[6]
CGHS/ECHS/ESI rate revisions effective December 2025 added about 5% to consolidated revenue in Q4 FY26.^[4]

Market Cap

₹8,898 Cr

High / Low

₹1,183 / 538

Stock P/E

53.6

Price / Book

5.3

Book Value

₹188

EPS

₹17.7

No. of Shares

9.64 Cr

ROCE

12.4%

ROE

10.0%

OPM

18.7%

Debt / Equity

0.14

Sales

₹1,207 Cr

Net Profit

₹170 Cr

Promoter holding

55.8%

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