Hospital sector
18 companies · ₹5.1 L cr · 13 with AI deep dives
5y revenue CAGR
median 20.22%(p25 18.4% · p75 22.77%)
5y avg ROCE
median 13.11%(p25 9.07% · p75 16.64%)
Debt / equity
median 0.3x(p25 0.17x · p75 0.57x)
AI sector brief
from the bucket's latest earnings calls · as of 2026-06-30tailwindSector-wide capacity expansion cycle: brownfield and greenfield bed additions at scale10 managements
Almost every covered operator is in an active bed-addition cycle. Max Healthcare commissioned 20%+ additional brownfield capacity in six months. Fortis added ~800 beds in FY26 via…
- MAXHEALTH (Q4FY26): “over the last 2 quarters, we have rolled out phased commissioning of more than 20%…”
headwind7 managements🔒tailwind7 managements🔒headwind3 managements🔒headwind3 managements🔒headwind2 managements🔒headwind3 managements🔒
6 more themes from this quarter's earnings calls are locked. A free account opens the full brief: every theme with verbatim management quotes, the demand picture, companies running against the tide, and the regulatory & disruption watch. Sign up free →
| Company | Mcap | AI verdict | Signals | Stated KPIs (latest call) |
|---|---|---|---|---|
| Apollo Hospitals Enterprise Ltd | ₹1.3 L cr | Unlock | earnings quality strong | |
| Max Healthcare Institute Ltd | ₹1.1 L cr | Unlock | earnings quality strongcapex intensity elevated | |
| Fortis Healthcare Ltd | ₹71,411 cr | Unlock | earnings quality strong | |
| Narayana Hrudayalaya Ltd | ₹42,466 cr | Unlock | latent operating leverageearnings quality stronglevering upcapex intensity elevated | |
| Aster DM Healthcare Ltd | ₹42,154 cr | Unlock | ||
| Global Health Ltd | ₹37,590 cr | Unlock | earnings quality strongdeleveragingcapex intensity elevated | |
| Krishna Institute of Medical Sciences Ltd | ₹33,489 cr | Unlock | latent operating leverageearnings quality stronglevering upcapex intensity elevated | |
| Dr Agarwals Health Care Ltd | ₹15,583 cr | Unlock | earnings quality strongnet cashcapex intensity elevated | |
| Rainbow Childrens Medicare Ltd | ₹14,896 cr | Unlock | earnings quality strongcapex intensity elevated | |
| Healthcare Global Enterprises Ltd | ₹10,108 cr | Unlock | earnings quality stronglevering up | |
| Yatharth Hospital & Trauma Care Services Ltd | ₹8,034 cr | Unlock | capex intensity elevated | |
| Artemis Medicare Services Ltd | ₹4,390 cr | Unlock | earnings quality strongcapex intensity elevated | |
| Indraprastha Medical Corporation Ltd | ₹3,398 cr | Unlock | roce compounderearnings quality stronggross block efficient | |
| Jupiter Life Line Hospitals Ltd | ₹2,168 cr | Unlock | earnings quality strongcapex intensity elevated | |
| Shalby Ltd | ₹1,744 cr | Unlock | capex intensity elevated | |
| GPT Healthcare Ltd | ₹1,366 cr | Unlock | capex coming onlineearnings quality strongnet cashcapex intensity elevated | |
| Lotus Eye Hospital & Institute Ltd | ₹250 cr | Unlock | earnings quality strongcapex intensity elevated | |
| Kids Medical Systems Ltd | ₹0 cr | Unlock |