NSE-listed hospital chains racing to expand bed capacity through greenfield projects, brownfield expansions, and M&A — from large-cap networks targeting 13,000+ beds to small-cap chains tripling their footprint.
Sectors represented: Healthcare
Net Debt of ₹ 2,166 Cr. as on Dec 31, 2025. ~26% ROCE. 1. in 9M FY26. 1. ▪Focusontowerspecialities&casemix. ▪Increaseutilization&improveprocessefficiencies. ▪Optimizepayormix. ▪~2,600bedsadditionviabrownfieldexpansion–ROCE. accretive. ▪Operations&Management(O&M)contractsandlong-. termleasesof‘built-to-suit’properties–executedATLsfor. hospitalsinMohali(400beds),Thane(500beds),Dehradun.
Source : Crisil Report. Growth. Strategy. 18. Leverage Technology. Capacity Addition. Optimizing Infrastructure. Clinical Expertise. 01. 02. 03. 04. Enhancing occupancy and ARPOB across our hospitals. Greenfield and brownfield expansion. Advanced and high-end medical equipment pacity Addition. Optimizing Infrastructure. Clinical Expertise. 01. 02. 03. 04.
EBITDANo of FacilitiesRevenue ContributionOperational bedsARPOB (INR Cr)Occupancy. >25%. 220%614 2.57 68%. 20% -25%. 931%1,426 1.61 71%. 15% -20%. 327%754 2.52 75%. 10% -15%. 312%466 2.20 66%. <10%. 510%715 1.41 52%. EBITDANo of FacilitiesRevenue ContributionOperational bedsARPOB (INR Cr)Occupancy. >25%. 320%679 1.96 67%. 20% -25%. 744%1,544 1.87 68%. 15% -20%. 35%266 1.28 63%.
Total Project Cost of ` 8,200crs with Balance. to be spent of `5,400crs. #. Beds operationalized in Q3FY26: Pune – 75 beds. LocationNature. Total. Beds. Census. Beds. Project Cost. (in Crs). Expected commissioning : FY26 -FY27. Pune (Phase 1 & Phase 2). #. Hospital Asset Acquisition. 384 305 ₹ 665 ionalized in Q3FY26: Pune – 75 beds. LocationNature. Total. Beds. Census. Beds. Project Cost.
On-going expansion projects. Planned bed capacity addition; well positioned to drive near term growth gram hospital by providing continuity of care in a safe and. secure out of hospital environment. 22. On-going expansion projects. Planned bed capacity addition; well positioned to drive near term growth.
Property Plant & Equipments1,276.9899.4. Right of use assets99.174.1. CWIP129.2185.1. Other Intangible assets7.94.6. Financial Assets. Investments0.10.1. Other Financial Assets33.353.5. Deferred tax assets (net)19.818.6. Other Non -Current Assets (Net)131.97.8. Current Assets684.9692.6. Inventories38.326.5 e assets7.94.6. Financial Assets. Investments0.10.1. Other Financial Assets33.353.5.