Narayana Hrudayalaya Ltd. has informed the Exchange about the approval by the Board of directors and recommending to the shareholders for issuance of Debt Securities (secured or unsecured) including Non-Convertible Debentures (NCDs) not exceeding ₹1500 Crores.
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Narayana Hrudayalaya reported strong FY2026 results with standalone revenue of Rs. 3,975 crore (up 11% YoY) and net profit of Rs. 503 crore (up 17% YoY). The Board recommended a final dividend of Rs. 4.50 per share (45% payout). The company also approved seeking shareholder approval for issuing Non-Convertible Debentures (NCDs) up to Rs. 1,500 crore on a private placement basis, which will provide flexibility for future debt requirements. EBITDA margins improved to 21.12% from 18.71% in the prior year. The company has a debt equity ratio of 0.76 and interest service coverage ratio of 6.13x, indicating a healthy balance sheet. The 26th AGM is scheduled for August 14, 2026 with record date July 17, 2026 for dividend entitlement.
The NCD issuance approval of up to Rs. 1,500 crore provides strategic financing flexibility for growth plans. The strong profit growth and improved margins are positive, while the modest dividend payout signals retained earnings for expansion. Debt levels remain manageable with good coverage ratios.