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MEDANTA - Fundamental Analysis: Financial Health & Valuation

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Rating: 4

Last Updated Time : 02 Feb 26, 01:08 pm

Fundamental Rating: 4.0

Stock Code MEDANTA Market Cap 30,072 Cr. Current Price 1,120 ₹ High / Low 1,456 ₹
Stock P/E 57.3 Book Value 141 ₹ Dividend Yield 0.04 % ROCE 19.6 %
ROE 15.2 % Face Value 2.00 ₹ DMA 50 1,160 ₹ DMA 200 1,220 ₹
Chg in FII Hold -0.87 % Chg in DII Hold 1.02 % PAT Qtr 128 Cr. PAT Prev Qtr 137 Cr.
RSI 49.6 MACD -34.6 Volume 7,59,275 Avg Vol 1Wk 3,10,119
Low price 1,010 ₹ High price 1,456 ₹ PEG Ratio 1.81 Debt to equity 0.07
52w Index 24.7 % Qtr Profit Var 22.6 % EPS 19.2 ₹ Industry PE 45.2

📊 Core Financials

  • Revenue & Profit Growth: Quarterly PAT declined slightly from 137 Cr. to 128 Cr., though YoY profit variation stands at 22.6%, showing resilience.
  • Margins: ROE at 15.2% and ROCE at 19.6% indicate moderate profitability, healthy for a hospital chain but below top-tier benchmarks.
  • Debt Ratios: Debt-to-equity at 0.07 reflects a low-leverage balance sheet.
  • Cash Flows: Stable operating cash flows supported by healthcare services and hospital operations.
  • Return Metrics: EPS at 19.2 ₹ highlights steady earnings, though not very high relative to valuation.

💹 Valuation Indicators

  • P/E Ratio: 57.3, significantly above industry PE of 45.2, suggesting premium valuation.
  • P/B Ratio: ~7.9 (Current Price / Book Value), reflecting expensive valuation relative to assets.
  • PEG Ratio: 1.81, indicating growth is priced at a premium.
  • Intrinsic Value: Current price (1,120 ₹) is slightly overvalued; better entry opportunities may arise near support levels.

🏢 Business Model & Competitive Advantage

  • Operates as a leading hospital chain with strong brand recognition in healthcare services.
  • Competitive advantage lies in specialized medical expertise, infrastructure, and growing patient base.
  • Resilient business model with steady demand for healthcare, though margins are sensitive to operating costs.

📈 Entry Zone & Long-Term Guidance

  • Entry Zone: Attractive accumulation range between 1,050 ₹ – 1,100 ₹ (near 52-week low and DMA 200).
  • Long-Term Holding: Suitable for long-term investors seeking exposure to healthcare growth, though valuations are stretched.

Positive

  • Low debt-to-equity ratio.
  • Strong brand presence in healthcare services.
  • Consistent YoY profit growth despite quarterly dip.
  • Healthy domestic institutional inflows (+1.02%).

Limitation

  • High P/E and P/B ratios indicate expensive valuation.
  • Dividend yield at 0.04% is negligible.
  • Quarterly PAT decline signals short-term pressure.

Company Negative News

  • Reduction in FII holdings (-0.87%) shows cautious foreign investor sentiment.

Company Positive News

  • Strong YoY profit growth and rising DII inflows.
  • Expansion in healthcare services and infrastructure strengthening brand equity.

Industry

  • Healthcare sector remains resilient with rising demand for hospital services.
  • Industry PE at 45.2 reflects investor optimism and premium valuations.

Conclusion

  • Medanta is a fundamentally stable healthcare provider with moderate profitability and strong brand presence.
  • Valuation is premium, limiting near-term upside.
  • Best suited for long-term investors seeking defensive exposure to healthcare, with entry near support levels for better risk-reward.

I can also compare Medanta’s valuation and profitability with peers like Apollo Hospitals or Narayana Hrudayalaya to highlight relative positioning in the healthcare sector.

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