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HealthCare Global Enterprises Limited (HCG.NS)

INR666.40 +13.70 (+2.10%)
IN NSE Healthcare Medical - Care Facilities
Address Unity Building Complex 560027
Bengaluru, IN
CEO Manish Mattoo
Website hcgel.com
IPO 2016-03-31
ISIN INE075I01017

Explore sections of this company profile

Also trades on Bombay Stock Exchange · HCG.BO (INR) National Stock Exchange of India · HCG.NS (INR)
Description

HealthCare Global Enterprises Limited, founded in 1989 and headquartered in Bengaluru, India, delivers comprehensive healthcare services with a primary focus on oncology. The company offers a full spectrum of cancer care, from diagnosis to various treatment modalities such as radiation therapy, medical oncology, and surgical procedures. Beyond its core cancer services, HCG also operates in the field of fertility and reproductive medicine under its Milann brand. This includes services like assisted reproduction, gynecological endoscopy, and fertility preservation. The enterprise further manages four multi-specialty hospitals: three branded HCG facilities located in Ahmedabad, Bhavnagar, and Rajkot in Gujarat, and one in Hubli, Karnataka, operated under a management contract. These hospitals cater to diverse medical specialities including cardiology, neurology, orthopedics, gastroenterology, urology, internal medicine, pulmonary care, and critical care. Additionally, HealthCare Global provides medical diagnostic services, offering scientific testing and consultancy for the pharmaceutical and broader medical industries. As of March 31, 2021, its extensive network comprised 23 cancer centers throughout India, featuring a center of excellence in Bengaluru, alongside two independent diagnostic centers and one day-care chemotherapy unit. The company also maintains an international presence with a cancer center established in Africa.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
INR666.40 +13.70 (+2.10%)
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Volume Profile
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Liquidity & share structure
Average Volume
170.3K
Beta
-0.09
Float Shares
33.37M
Free Float %
22.4%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-3.84% +1.94% +9.10% +7.16% -13.39% -5.29% +3.41% +100.13% +232.36% +248.24% +251.16%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
666.40
DCF (Unlevered) 1,411.00 +111.7%
DCF (Levered) 851.22 +27.7%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 100% Bullish
Rating 2026-05 Change
Strong Buy 0 0
Buy 8 0
Hold 0 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
3.10
Safe zone
Piotroski F-Score
6 / 9
Average
MOAT Score
6 / 10
Developing
Composite Rating
B-
Overall Score
2 / 5
Medium
DCF Score
4 / 5
High
ROE Score
3 / 5
Medium
ROA Score
4 / 5
High
D/E Score
1 / 5
Low
P/E Score
1 / 5
Low
P/Book Score
1 / 5
Low
Operational MOAT
✗ Below peers
  • Revenue growth Medical - Care Facilities: +10.2%
    +14.2% Q1'26: +11.1% (vs Q1'25)
  • EPS growth Medical - Care Facilities: +19.2%
    -69.4% Q1'26: -71.2% (vs Q1'25)
  • FCF margin FCF growth · Medical - Care Facilities: +32.0%
    -0.8% Q1'26: +5.2% (vs Q1'25)
  • EBIT margin Medical - Care Facilities: +11.3%
    +8.0% Q1'26: +6.8% (vs Q1'25)
  • ROIC Medical - Care Facilities: +6.8%
    +6.6% Q1'26: +6.8% (vs Q1'25)
  • Share dilution Medical - Care Facilities: +0.0%
    +1.3% Q1'26: +2.3% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Medical - Care Facilities: 0.99×
    3.88× Q1'26: 4.06× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.25) × ERP
WACC = 84% × Ke + 16% × Kd (10.2%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 1,387.37 Current price: 666.40
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Mar 2016
actual
Mar 2017
actual
Mar 2018
actual
Mar 2019
actual
Mar 2020
actual
Mar 2021
actual
Mar 2022
actual
Mar 2023
actual
Mar 2024
actual
Mar 2025
actual
Mar 2026
9 Rev. Ana.
7 EPS Ana.
Mar 2027
9 Rev. Ana.
8 EPS Ana.
Mar 2028
9 Rev. Ana.
8 EPS Ana.
Revenue
5.84B
est: 5.73B (+1.9%)
7.00B
est: 7.00B (+0.0%)
8.31B
est: 8.35B (-0.5%)
9.79B
est: 9.79B (0.0%)
10.96B
est: 11.10B (-1.3%)
10.13B
est: 10.02B (+1.2%)
13.98B
est: 13.97B (+0.0%)
16.94B
est: 16.88B (+0.4%)
19.12B
est: 19.77B (-3.3%)
22.23B
est: 22.36B (-0.6%)
25.47B
24.96B – 25.78B
+13.9% YoY
29.57B
28.87B – 30.58B
+16.1% YoY
33.98B
32.95B – 35.15B
+14.9% YoY
EBITDA
837.72M
est: 702.62M (+19.2%)
1.04B
est: 90.56M (+1,048.7%)
1.16B
est: 915.91M (+26.9%)
1.21B
est: 814.17M (+49.2%)
1.21B
est: -149.53M (+908.7%)
656.22M
est: -952.54M (+168.9%)
1.78B
est: -1.17B (+252.0%)
2.37B
est: -1.34B (+277.2%)
2.67B
est: 4.27B (-37.5%)
3.13B
est: 4.84B (-35.4%)
5.50B
5.39B – 5.57B
+13.7% YoY
6.39B
6.24B – 6.61B
+16.1% YoY
7.34B
7.12B – 7.60B
+14.9% YoY
EBIT
406.70M
est: 304.18M (+33.7%)
478.78M
est: 429.73M (+11.4%)
469.50M
est: 562.65M (-16.6%)
396.09M
est: 687.24M (-42.4%)
229.47M
est: 427.61M (-46.3%)
-333.74M
est: 190.80M (-274.9%)
795.46M
est: 235.14M (+238.3%)
1.36B
est: 268.23M (+405.3%)
1.55B
est: 3.78B (-58.9%)
1.78B
est: 4.29B (-58.5%)
4.87B
4.78B – 4.93B
+13.7% YoY
5.66B
5.52B – 5.85B
+16.1% YoY
6.50B
6.30B – 6.73B
+14.9% YoY
Net Income
-14.61M
est: 63.64M (-123.0%)
221.73M
est: -18.01M (+1,331.3%)
205.23M
est: 258.67M (-20.7%)
-247.97M
est: 242.47M (-202.3%)
-1.07B
est: -282.44M (-277.8%)
-1.93B
est: -996.08M (-94.2%)
537.33M
est: -1.23B (+143.8%)
293.49M
est: 309.00M (-5.0%)
481.55M
est: 526.10M (-8.5%)
444.10M
est: 493.56M (-10.0%)
505.31M
327.39M – 1.07B
+2.4% YoY
1.35B
950.25M – 2.33B
+167.4% YoY
2.22B
1.55B – 3.23B
+64.0% YoY
SGA
319.85M
est: 175.85M (+81.9%)
439.50M
est: 2.48B (-82.3%)
623.29M
est: 2.89B (-78.4%)
685.16M
est: 3.76B (-81.8%)
289.18M
est: 4.39B (-93.4%)
189.58M
est: 4.00B (-95.3%)
273.86M
est: 4.93B (-94.4%)
765.17M
est: 5.63B (-86.4%)
623.96M
est: 606.53M (+2.9%)
829.29M
est: 687.37M (+20.6%)
781.31M
765.87M – 790.93M
+13.7% YoY
907.16M
885.64M – 938.08M
+16.1% YoY
1.04B
1.01B – 1.08B
+14.9% YoY
EPS
-2.44
est: 0.45 (-642.2%)
2.70
est: 2.63 (+2.5%)
2.39
est: 1.72 (+39.0%)
-2.82
est: -2.87 (+1.6%)
-12.05
est: -6.38 (-88.8%)
-17.02
est: -8.38 (-103.1%)
4.14
est: -0.92 (+550.0%)
2.11
est: 2.13 (-1.1%)
3.46
est: 3.78 (-8.4%)
3.19
est: 3.47 (-8.2%)
3.96
2.31 – 7.55
+14.1% YoY
11.51
6.72 – 16.49
+190.5% YoY
18.71
10.93 – 22.81
+62.5% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-21 B- 2/5 4/5 3/5 4/5 1/5 1/5 1/5
2026-05-20 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-05-19 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-05-18 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-05-15 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-05-14 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-05-13 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-05-12 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-05-11 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-05-08 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-05-07 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-05-06 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-05-05 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-05-04 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-04-30 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-04-29 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-04-28 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-04-27 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-04-24 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-04-23 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-04-22 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-04-21 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-04-20 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-04-17 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-04-16 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
3.81B
OE per share TTM
27.00
Owner's Yield
4.20%
Maintenance CapEx ratio
439.99%
Maint CapEx / Avg PPE
94.7%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 6 ETFs in our universe

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
330.9K
Shares Outstanding
149.30M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Sunu Manuel Compliance Officer & Company Secretary 6M female
Ashutosh Kumar Vice President of Strategic Planning & Corporate Development male
Deepti Gautam Tewari Chief Human Resource Officer female
Lakshman Chief Executive Officer of Milann Fertility & Birthing Hospitals male
Manish Mattoo CEO, Interim CFO & Executive Director
Manisha Kumar Cluster Head & Chief Operating Officer
Manu Shankar Das Chief Marketing Officer male
Naveen Ramachandra Nagar Head of Clinical Strategy
Pankaj Gautam Chief Technology & Security Officer and Chief Information Officer male
Romiya Das Public Relation Manager
Shailesh Guntu Chief Executive Officer of Milann & Director of Healthcare Services-HCG
Surinder Dang Chief Operating Officer of Regional male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend history

Earnings history

Earnings reports

Stock splits