Narayana Hrudayalaya (NSE:NH) Operating Income: ₹11,689 Mil (TTM As of Mar. 2026)

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NSE:NH Narayana Hrudayalaya Ltd NSE:NH
94 GF Score
Price ₹1,982.50
GF Value ₹2,289.35
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Narayana Hrudayalaya Operating Income?

Narayana Hrudayalaya NSE:NH +0.74% 94 Operating Income is ₹11,689 Mil as of Mar. 2026. GuruFocus rates NSE:NH with a GF Score™ of 94/100 and a GF Value™ of ₹2,289.35 (Modestly Undervalued). The stock has 2 warning signs investors should review.

Narayana Hrudayalaya's Operating Income for the three months ended in Mar. 2026 was ₹3,562 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was ₹11,689 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Narayana Hrudayalaya's Operating Income for the three months ended in Mar. 2026 was ₹3,562 Mil. Narayana Hrudayalaya's Revenue for the three months ended in Mar. 2026 was ₹25,938 Mil. Therefore, Narayana Hrudayalaya's Operating Margin % for the quarter that ended in Mar. 2026 was 13.73%.

Good Sign:

Narayana Hrudayalaya Ltd operating margin is expanding. Margin expansion is usually a good sign.

Narayana Hrudayalaya's 5-Year average Growth Rate for Operating Margin % was 53.40% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Narayana Hrudayalaya's annualized ROC % for the quarter that ended in Mar. 2026 was 12.13%. Narayana Hrudayalaya's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 26.82%.

Narayana Hrudayalaya  (NSE:NH) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Narayana Hrudayalaya's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=14248.44 * ( 1 - 21.94% )/( (0 + 91713.42)/ 1 )
=11122.332264/91713.42
=12.13 %

where

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=0 - 0 - ( 0 - max(0, 0 - 0+0))
=0

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=124744.04 - 11981.78 - ( 25333.81 - max(0, 18272.52 - 39321.36+25333.81))
=91713.42

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Narayana Hrudayalaya's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=15337/( ( (0 + max(0, 0)) + (57174.96 + max(-4412.79, 0)) )/ 1 )
=15337/( ( 0 + 57174.96 )/ 1 )
=15337/57174.96
=26.82 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0) - (0 + 0 + 0)
=0

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(6556.62 + 1545.29 + 2350.89) - (11981.78 + 0 + 2883.81)
=-4412.79

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. Operating Income is also linked to Operating Margin %:

Narayana Hrudayalaya's Operating Margin % for the quarter that ended in Mar. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=3562.11/25938.06
=13.73 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.

Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.

Narayana Hrudayalaya Operating Income Related Terms

Narayana Hrudayalaya Operating Income Historical Data

* Premium members only.

The historical data trend for Narayana Hrudayalaya's Operating Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Narayana Hrudayalaya Operating Income Chart

Narayana Hrudayalaya Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5,048.00 7,901.45 9,377.38 10,284.23 12,146.67

Narayana Hrudayalaya Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Operating Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2,752.21 2,526.49 3,150.25 2,449.85 3,562.11
NSE:NH
94GF Score
Narayana Hrudayalaya Ltd NSE:NH
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Narayana Hrudayalaya Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹11,689 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Operating Income →
What does a Operating Income of ₹11,689 Mil mean?
Narayana Hrudayalaya (NSE:NH) has a Operating Income of ₹11,689 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Narayana Hrudayalaya and its competitors.
Is Narayana Hrudayalaya's Operating Income too high?
Narayana Hrudayalaya's current Operating Income is ₹11,689 Mil. Overall, Narayana Hrudayalaya has a GF Score™ of 94/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Narayana Hrudayalaya's Operating Income compare to HCA and THC?
Narayana Hrudayalaya's Operating Income of ₹11,689 Mil can be compared against companies in the Healthcare Providers & Services industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Income for a Healthcare Providers & Services company?
A good Operating Income depends on the Healthcare Providers & Services industry context. However, Operating Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Income mean?
A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Narayana Hrudayalaya and its competitors. Narayana Hrudayalaya's current Operating Income is ₹11,689 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Narayana Hrudayalaya stock overvalued right now?
Based on GuruFocus' analysis, Narayana Hrudayalaya (NSE:NH) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹2,289.35, compared to a current price of ₹1,982.50 — trading 13.4% below its estimated fair value. The current Operating Income is ₹11,689 Mil. Narayana Hrudayalaya's overall GF Score™ is 94/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Income calculated?
Operating Income is calculated from a company's financial statements. For Narayana Hrudayalaya (NSE:NH), the current Operating Income is ₹11,689 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Narayana Hrudayalaya (NSE:NH) Overvalued in 2026?

Based on GuruFocus' analysis, Narayana Hrudayalaya stock appears to be undervalued. The current stock price of ₹1,982.50 is trading 13.4% below its estimated GF Value™ of ₹2,289.35. GuruFocus considers Narayana Hrudayalaya to be Modestly Undervalued.

Key valuation signals for NSE:NH:

  • Operating Income: ₹11,689 Mil
  • GF Value™: ₹2,289.35 vs. price of ₹1,982.50 (13.4% below fair value)
  • GF Score™: 94/100 with 2 warning signs

No single metric tells the full story. See the NSE:NH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Narayana Hrudayalaya Business Description

Other Exchanges 539551:India
Address Hosur Road, Anekal Taluk, Number 261/A, 2nd Floor, Bommasandra Industrial Area, Bengaluru, KA, IND, 560099
Narayana Hrudayalaya Ltd is an India-based medical and healthcare service provider. The company is engaged in the business of running and operating hospitals, clinics, health centers, nursing homes, and other related activities. The Company's sole operating segment is Medical and Healthcare Related Services. It also provides surgery services such as Cardiac Surgery, nephrology, urology, neurology, neurosurgery, endocrinology, orthopaedics, internal medicine, obstetrics, gynaecology, paediatrics, neonatology, gastroenterology, and oncology. It has business operations in India and the Rest of the world, of which the maximum revenue is generated from the business operations in India.
94GF Score

Get the complete analysis for NSE:NH

Operating Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹1,982.50
Price
₹2,289.35
GF Value