Global Health
Global Health
Healthcare ServicesKey Fundamentals
MidcapHospitalsHealthcare ServicesTapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Strengths
1- Company has delivered good profit growth of 80.7% CAGR over last 5 years
Weaknesses
1- Stock is trading at 9.82 times its book value
Growth Rate
AI Analysis — Bull vs Bear
Global Health Ltd (Medanta) operates in the healthcare services sector with a market cap of ₹38,784 Cr and trades at a P/E of 71.1x. The company has delivered strong 5-year profit CAGR of ~81% and TTM sales growth of 21%, but valuations remain elevated at 9.91x book value with a negligible dividend yield of 0.03%.
- Exceptional 5-year compounded profit growth of 81% CAGR demonstrates strong earnings scalability and operating leverage
- TTM revenue growth of 21% indicates continued top-line momentum well above the 10-year sales CAGR of 12%
- 3-year compounded sales growth of 18% reflects consistent demand for healthcare services across cycles
- 3-year ROE averaging 16% indicates reasonably efficient capital deployment for a hospital business in expansion mode
- 3-year stock CAGR of 29% suggests sustained market confidence in the company's growth trajectory
- Market cap of ₹38,784 Cr positions Medanta as a large-cap healthcare platform with institutional investor appeal and liquidity
- 10-year compounded sales growth of 12% shows a long track record of revenue expansion through multiple economic cycles
- P/E ratio of 71.1x is significantly elevated, pricing in years of future growth and leaving little margin of safety
- Price-to-book of 9.91x is very high, meaning investors pay nearly 10 times the net asset value per share
- TTM compounded profit growth has decelerated sharply to 0%, signaling potential earnings stagnation after years of rapid growth
- Dividend yield of just 0.03% offers virtually no income return, making the stock entirely dependent on capital appreciation
- Last year ROE of 15% has dipped from the 3-year and 5-year average of 16%, suggesting slight moderation in return efficiency
- The 10-year compounded profit growth of 13% is far below the 5-year figure of 81%, indicating that much of the profit surge is recent and may not be sustainable at the same pace
- Healthcare services sector faces regulatory risks around pricing caps and government policy changes that could compress hospital margins
- At 71.1x earnings, any miss on quarterly growth expectations could trigger sharp de-rating given the premium valuation
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
- ₹0.50 dividend proposed for FY26 Aug 21
Global Health proposed a ₹0.50 per share dividend for FY25-26, to be approved at the 22nd AGM scheduled for September 16, 2026.
- Strong institutional investor interest Sep 3
Global Health has lined up meetings with marquee global investors including Polar Capital, Chikara Investments, Matthews International Capital, and Baillie Gifford through September 2026, signaling robust institutional engagement.
- Multiple analyst meets in September Sep 11
Global Health scheduled back-to-back analyst and investor meetings on Sep 14, 17, and 18, organized by Jefferies and others, with no unpublished price-sensitive information to be shared.
- AGM set for September 16 Aug 22
The 22nd AGM will be held via VC/OAVM on Sep 16, 2026, covering adoption of FY26 financials, ₹0.50 dividend declaration, and re-election of director Pankaj Sahni.
- Ongoing one-on-one investor engagements Aug 31
The company held or scheduled one-to-one meetings with Matthews International, Baillie Gifford, Motilal Oswal, and First Ray Capital (Singapore) across late August to early September at its Gurugram office and virtually.
- Prabhudas Lilladher meet in Noida Aug 25
Global Health hosted an in-person session with analysts and institutional investors in Noida on Aug 31, organized by Prabhudas Lilladher Capital, featuring one-to-one and group discussions.
TL;DR: Global Health's news flow over the past month is dominated by a steady drumbeat of analyst and investor meetings with both domestic and global institutional players, reflecting sustained interest in the stock. The proposed ₹0.50 dividend and upcoming AGM on Sep 16 are routine but mildly positive governance signals. No material headwinds or negative developments surfaced during this period. The trend is stable with the high frequency of investor engagement suggesting the company is actively courting capital ahead of potential expansion or strategic updates.
Quarterly Results
| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 780 | 844 | 836 | 809 | 861 | 957 | 943 | 931 | 1,031 | 1,099 | 1,121 | 1,159 | 1,304 |
| Expenses | 595 | 631 | 620 | 629 | 675 | 728 | 706 | 707 | 784 | 868 | 904 | 915 | 1,017 |
| Operating Profit | 184 | 213 | 216 | 179 | 186 | 228 | 238 | 225 | 247 | 231 | 217 | 244 | 287 |
| OPM % | 24% | 25% | 26% | 22% | 22% | 24% | 25% | 24% | 24% | 21% | 19% | 21% | 22% |
| Other Income | 15 | 21 | 18 | 27 | 22 | 18 | 16 | -27 | 20 | 36 | -15 | 37 | 22 |
| Interest | 18 | 20 | 18 | 18 | 18 | 16 | 16 | 15 | 14 | 17 | 22 | 27 | 27 |
| Depreciation | 40 | 43 | 44 | 45 | 47 | 49 | 48 | 49 | 45 | 50 | 61 | 67 | 69 |
| PBT | 141 | 171 | 172 | 143 | 144 | 181 | 189 | 133 | 208 | 200 | 120 | 187 | 213 |
| Tax % | 28% | 27% | 28% | 11% | 26% | 28% | 24% | 24% | 24% | 21% | 21% | 24% | 26% |
| Net Profit | 102 | 125 | 124 | 127 | 106 | 131 | 143 | 101 | 159 | 158 | 95 | 142 | 157 |
| EPS in Rs | 3.8 | 4.66 | 4.61 | 4.74 | 3.96 | 4.87 | 5.32 | 3.78 | 5.92 | 5.89 | 3.54 | 5.36 | 5.9 |
Profit & Loss
| Particulars | Mar 2016 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,382 | 1,343 | 1,456 | 1,500 | 1,447 | 2,167 | 2,710 | 3,275 | 3,692 | 4,410 | 4,683 |
| Expenses | 1,081 | 1,218 | 1,283 | 1,309 | 1,250 | 1,709 | 2,073 | 2,466 | 2,806 | 3,480 | 3,705 |
| Operating Profit | 301 | 125 | 172 | 192 | 197 | 458 | 637 | 809 | 886 | 930 | 979 |
| OPM % | 22% | 9% | 12% | 13% | 14% | 21% | 24% | 25% | 24% | 21% | 21% |
| Other Income | 45 | 49 | 50 | 44 | 31 | 39 | 49 | 75 | 29 | 98 | 80 |
| Interest | 14 | 28 | 38 | 57 | 73 | 86 | 86 | 84 | 74 | 90 | 92 |
| Depreciation | 70 | 86 | 102 | 115 | 123 | 130 | 150 | 173 | 194 | 223 | 246 |
| PBT | 262 | 60 | 83 | 64 | 32 | 281 | 449 | 627 | 647 | 715 | 720 |
| Tax % | 35% | 45% | 38% | 43% | 11% | 30% | 27% | 24% | 26% | 23% | — |
| Net Profit | 170 | 33 | 51 | 36 | 29 | 196 | 326 | 478 | 481 | 554 | 552 |
| EPS in Rs | 35.1 | 6.78 | 10.44 | 7.36 | 5.81 | 7.75 | 12.16 | 17.81 | 17.92 | 20.7 | 20.69 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 2% | — |
Balance Sheet
| Particulars | Mar 2016 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 48 | 48 | 49 | 49 | 50 | 51 | 54 | 54 | 54 | 54 |
| Reserves | 976 | 1,136 | 1,246 | 1,300 | 1,333 | 1,565 | 2,375 | 2,852 | 3,333 | 3,908 |
| Borrowings | 165 | 456 | 787 | 929 | 931 | 1,109 | 1,122 | 802 | 718 | 1,190 |
| Other Liabilities | 295 | 343 | 347 | 388 | 380 | 421 | 547 | 572 | 662 | 753 |
| Total Liabilities | 1,485 | 1,984 | 2,430 | 2,666 | 2,694 | 3,146 | 4,097 | 4,280 | 4,766 | 5,905 |
| Fixed Assets | 914 | 1,094 | 1,194 | 1,703 | 1,616 | 1,776 | 2,050 | 2,236 | 2,514 | 3,795 |
| CWIP | 12 | 317 | 666 | 382 | 464 | 439 | 327 | 388 | 533 | 132 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3 | 3 |
| Other Assets | 559 | 573 | 570 | 581 | 615 | 930 | 1,720 | 1,656 | 1,716 | 1,975 |
| Total Assets | 1,485 | 1,984 | 2,430 | 2,666 | 2,694 | 3,146 | 4,097 | 4,280 | 4,766 | 5,905 |
Cash Flow
| Particulars | Mar 2016 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 228 | 63 | 166 | 175 | 242 | 311 | 645 | 612 | 624 | 714 |
| Investing | -241 | -69 | -249 | -87 | -239 | -421 | -342 | -441 | -721 | -1,089 |
| Financing | -7 | 9 | 97 | -1 | -81 | 160 | 346 | -514 | -97 | 272 |
| Net Cash Flow | -20 | 3 | 14 | 87 | -78 | 50 | 648 | -343 | -194 | -103 |
| Free Cash Flow | 71 | -81 | -133 | -13 | 100 | 38 | 409 | 335 | 110 | -123 |
| CFO/OP | 108 | 93 | 135 | 121 | 131 | 89 | 118 | 98 | 89 | 90 |
Ratios
| Particulars | Mar 2016 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 20 | 41 | 41 | 36 | 34 | 30 | 26 | 24 | 29 | 34 |
| Inventory Days | 28 | 26 | 26 | 43 | 42 | 36 | 35 | 32 | 28 | 29 |
| Days Payable | 92 | 124 | 142 | 147 | 138 | 90 | 114 | 90 | 81 | 89 |
| Cash Conversion Cycle | -45 | -56 | -75 | -67 | -62 | -24 | -52 | -34 | -24 | -26 |
| Working Capital Days | -23 | -33 | -18 | -31 | -48 | -20 | -37 | -32 | -21 | -7 |
| ROCE % | — | — | 6% | 6% | 5% | 15% | 17% | 20% | 20% | 17% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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61 extracted metrics + investor summaries across FY16–FY27.
Documents
Frequently Asked Questions about Global Health
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Company Information
Global Health Limited is one of the largest private multi-specialty tertiary care providers operating in the North and East regions of India. The company has key specialties in cardiology and cardiac science, neurosciences, oncology, digestive and hepatobiliary sciences, orthopedics, liver transplant, and kidney and urology.[1]
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