How to Evaluate Hospital Stocks | India's Hospital Industry | Apollo, Max Healthcare, Fortis & More

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With over 1.3 billion people, the demand for quality healthcare services in India is immense and central to India's healthcare landscape are its 70,000 public and private hospitals. In this video, we delve into the three main facets that shape the hospital industry in India, providing a comprehensive understanding of its dynamics
1. Hospital's Business Model - We examine Indian hospitals in regards to its demand cyclicity, capital-intensive nature of business, economies of scale enjoyed by large multi-speciality hospitals, the insurance conundrum and the regulatory risks that hospitals face
2. Hospital's Operating Efficiency (Key Performance Metrics) - Here we delved into 4 important metrics that includes the Occupancy Rate, the Average Revenue per Occupied Bed (ARPOB), the Average Length of Stay (ALOS) and the Payor Mix. We examined this for India's leading listed hospitals which includes Apollo Hospitals, Max Healthcare, Fortis Healthcare, Narayana Hrudayalaya, Aster DM Healthcare, Krishna Institute of Medical Sciences (KIMS), Rainbow Childrens Medicare, Healthcare Global Enterprises (HCG) and Shalby Limited
3. Hospital's Valuation and Financial Metrics - In this section, we examine the importance of revenue growth, earnings per share (EPS) growth, EBITDA margin, capital expenditure and the EV-on-EBITDA across hospitals and time periods to help investors make informed investment decisions
👉 Video Chapters:
00:00 India's Hospital Industry
00:57 1. Low Demand Cyclicity
01:28 2. Capital Requirements
02:20 3. Economies of Scale
04:31 4. Mature Hospitals
06:14 5. Insurance Coverage
07:12 6. Regulatory Risk
09:00 7. Occupancy Rate
10:19 8. Average Revenue Per Occupied Bed
12:36 9. Average Length of Stay
13:52 10. Payor Mix
15:17 11. Revenue Growth
16:20 12. Earnings Growth
17:12 13. EBITDA Margin
18:52 14. Capital Expenditure
20:29 15. EV-on-EBITDA
21:30 Shankar's Viewpoint
👉 Useful Reading Resources:
‣ Excellent article by Dr. Vijay Malik: www.drvijaymalik.com/hospitals/
‣ Report by IIFL Securities: iiflcap.com/Upload/Research/I...
‣ Healthcare Sector by HDFC Securities: www.hdfcsec.com/hsl.docs//Ind...
‣ Overview of Hospital Industry (PPT): ppfasfof.com/wp-content/uploa...
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#apollohospital #maxhospital #fortishospital #narayanahealth
Disclaimer: I am not a SEBI registered investment advisor or research analyst. The content posted on this platform is purely for educational purposes and none of it constitutes investing or trading advice. Viewers should do their own research and diligence before investing or acting on the information presented

Пікірлер: 224

@gauravmalhotra2272 9 ай бұрын

I have spend 28 years in healthcare industry at senior leadership position and can say that your research is excellent. Keep up the great work.

@shankarnath 9 ай бұрын

Thank you very much Gaurav ji. I am happy you found my work informative and to the point.

@templogical3095 7 ай бұрын

Which is the best hospital to invest if you don't mind😊

@gauravmalhotra2272 7 ай бұрын

@@templogical3095 Max Healthcare

@anilpudota290 Жыл бұрын

I prefer Narayana hridayalay, Rainbow, Max health care and KIMS. Exited Aster DM health care and Fortis health care

@SasiGudla Жыл бұрын

Every video of yours is such a big treasure trove. The way you compress enormous amount of research and present in such a structured and concise manner is just awesome. To top it all, like an excellent teacher you always summarise the video at the end. And that just tells how dedicated you are to your craft. May your tribe grow and grow.

@shankarnath Жыл бұрын

Wow, thank you so much for your kind appreciation! I'm happy these efforts are helping you (and many others) in improving their investing decisions. In researching & creating these last 60 long format videos, I'm now starting to see patterns when I read articles, watch videos, listen to podcasts .. on how something in one sector affects another & how small developments are tying in together. Thanks again for the kind words!

@raviei426 10 ай бұрын

thanks for the well researched video. i hope you are preparing a play list or a structured course that will teach fundamentals as well as industry specific research to do so we can learn better

@smart3883 Жыл бұрын

One good thing unlike other youtuber you don't direct viewers to buy specific stock, rather you presented view and let viewers take decision , Good approach and keep up good work

@shankarnath Жыл бұрын

Thank you very much & I'm glad you like my approach. Truth be told, I feel every person's opinion on stocks, mutual funds & investments is biased - me included. Ofcourse, one can't be blamed for this .. afterall, when one buys or sells a stock - then it's practically two people having a difference in opinion. In that context, having an investment toolbox with different instruments (models, strategies, responses, data etc.) can do a world of good than seeking other's opinions.

@mevikki4u Жыл бұрын

As always, you have made a complex analysis look simple and easy to remember. Key parameters and ratios to be looked. When we had our 1-1 discussion, you had mentioned it takes looong time to create a video. Can’t agree more now and Can’t imagine the effort that’s gone in from collecting the details, organising them and then presenting in such a simple way. Thank you so much Shankar !!

@shankarnath Жыл бұрын

Glad it was helpful, Vikrant! In man-hours, this 23 minute video took me, videographer and editor about 60 hours to produce. On a side-note, a good friend was just running through the comments, he pointed at your comment and said "finally, there's a proper appreciation comment". Thank you very much for continually encouraging me

@jallosh2008 Жыл бұрын

@@shankarnath wow 60 hours 😳. I could never imagine. Take a bow!!!!!!

@mevikki4u 11 ай бұрын

@@shankarnath Good KZfaq content is like a good book. Once shot it will continue to live for generations of investors. I am watching this video 3rd time and every time I am finding new info as there is so much knowledge condensed in it. Unlike flashy taglines videos being posted now a days, your videos are simple and full of to-the-point but very important points one should not miss (and that'w why I am watching 3rd time). BIG thanks to you !! 🙏

@patilpravinpharma Жыл бұрын

What a great sector and business evaluation!

@shankarnath Жыл бұрын

Thank you very much. Glad you like it!

@tradingmyway0024 Жыл бұрын

Great video, Shankar ji! Really huge respect for the quality research and in depth analysis ithat you share so selflessly. It's a boon for novice investors like me. Just don't have enough words to express my gratitude. All I can say, Thanks a ton! Satindar. 💐👍🏻🙏

@shankarnath Жыл бұрын

So nice of you. Thank you very much, Satinder ji. I'm happy you found the video and its content useful and informative. Please use this as a base to improve your own understanding of different sectors and stocks. When I started research on this sector, I knew nothing about it. But over the week, I learnt enough to know which way I should be thinking and equally important, which other sectors a similar principle applies (for instance, the ARPOB in hospitals is similar to ADR in hotels).

@sriramnb Жыл бұрын

This is a great Analysis. I was just looking to do some research on this industry as i was trying to make some entries into Narayana Hrudayalaya and your video was a boon jn disguise just when i was in need of it. Again great work and summarization.

@shankarnath Жыл бұрын

Glad it was helpful! Thank you

@badmintonplus9278 Жыл бұрын

Thanks Shankar for this superb video.I really was thinking of learning about healthcare industry and you posted this masterpiece.please keep the great content coming.

@shankarnath Жыл бұрын

Thank you very much. I'm glad you found it useful and informative

@SaurabhPandey725 Жыл бұрын

Power packed video with intense knowledgeable insights ..thanks alot shankar sir

@shankarnath Жыл бұрын

So nice of you. Most welcome! 🙌

@waowaowao6629 4 ай бұрын

One of the best analysis I have ever seen encompassing revenue models, industry context and performance metrics. Really well presented and summarised in the end. This should not be free😂

@shankarnath 4 ай бұрын

Thank you! Glad you liked it

@hemanthkaja Жыл бұрын

Shankar ji.. as always, a great presentation. Clear and concise. I think you condensed almost all the factors in a 23 minute video which is something amazing. I would only suggest one more parameter : the model in which the Hospital is managed i.e; if the management generally does its own PPE or it rents them out and how it would impact the numbers. KIMS example had an indirect reference but would be great to have kept it somewhere in financial aspects. That being said, I think this is a great video for someone to start in-depth analysis of this sector. Thank you!

@shankarnath Жыл бұрын

Thank you very much for your kind appreciation and also for the suggestion

@tajjsingh5865 5 ай бұрын

My brother is a doctor and I shared your video to him. Thanks for giving valuable information.

@shankarnath 5 ай бұрын

It's my pleasure. Hope he liked it

@pipelinerpipelineconstruct752 11 ай бұрын

Sir.. Greate video. First time i am clear about what to watch/track in hospital sector . Very very informative video.

@shankarnath 11 ай бұрын

Glad you found it useful and informative!

@paragvaishampayan9501 Жыл бұрын

Thanks for consistent nice content 🙏.Always upto mark

@shankarnath Жыл бұрын

Thank you very much, Parag. I appreciate that! The sector videos aren't high on the view counts but I love making those as it helps investors get that slight edge which peeping into a standard screener will not give. For instance - the bifurcation of mature and newly established hospitals is an important one.

@shuli1812 Жыл бұрын

Thank you for this video, Shankar 😊. It was super informative.. very well put.

@shankarnath Жыл бұрын

My pleasure 😊 Glad you found it useful!

@PsychologyOfMoneyMatters Жыл бұрын

Great Content! As a Medical Professional, I really found it useful to plan strategy!

@shankarnath Жыл бұрын

I am really happy to hear that. Thank you very much for the visit and for liking the video

@shockits5688 Жыл бұрын

Very educative, thanks for the effort and result.

@shankarnath Жыл бұрын

Most welcome. Glad it was helpful!

@leninbabu8310 Жыл бұрын

simply amazing.

@shankarnath Жыл бұрын

Thank you very much!

@ArchitJAin1982 11 ай бұрын

very nice and detailed video...kudos!

@shankarnath 11 ай бұрын

Glad it was helpful! Thanks!

@arijitkarmakar5050 Жыл бұрын

Thanks sir for accepting my requesting for hospital indutry analysis 🤩🤩

@shankarnath Жыл бұрын

Most welcome 🙌

@MukeshKumar-yf4gk Жыл бұрын

You suggestions and guidance of pharm industry mind blowing 🙏👍💐🙏🎉👍🌹💓

@shankarnath Жыл бұрын

Thank you very much. Glad you found it useful.

@manickamrm7251 5 ай бұрын

Well explained video, Able to get much insights on Hospital sector. Thanks for sharing your valuable knowledge.

@shankarnath 5 ай бұрын

Most welcome. Glad you liked it!

@mr.talkstock7282 Жыл бұрын

What an amazing video :)

@shankarnath Жыл бұрын

Thank you so much, Ali! Glad you found it useful

@deepakshivankar4301 6 ай бұрын

Excellent research and beautifully presented! A useful video for finance professionals as well as general investors. Best wishes!

@shankarnath 6 ай бұрын

Glad it was helpful! It's one of my favourites, enjoyed putting this together

@dilikeswardas1077 Ай бұрын

As usual another excellent video... explained n details. Wish you many more similar videos.

@shankarnath Ай бұрын

Thank you

@dubarisharma884 Жыл бұрын

Great insight... thanks

@shankarnath Жыл бұрын

Glad it was helpful!

@tensorthink 11 ай бұрын

Hidden gem in hospital stock is narayan Hrudayla NH

@srinivasbisala Жыл бұрын

Hello Sir, this is very good analysis of the hospital industry. Thank You.

@shankarnath Жыл бұрын

Most welcome. Glad you liked it 🙌

@sumitghosh3865 5 ай бұрын

Thanks for Sharing this video sir. Had a great deal ok knowledge from your video. A big thank you again.😊😊😊

@shankarnath 5 ай бұрын

Most welcome Sumit ji

@SunilGupta-je8qn Жыл бұрын

Very detailed study with lot of facts and analysis to make cogent story for analysis of hospital sector. This sector appears to bright star of future, may be one of leader in coming bull run. Medanta to included in the study to make it more updated! One more point may be included is percentage market cap hospital sector have in emerging and developed countries. Wish you all the best for such great efforts and analysis.

@shankarnath Жыл бұрын

Thank you for your suggestion and appreciation

@sanjeevbjain Жыл бұрын

SUPERB PRESENTATION

@shankarnath Жыл бұрын

Thanks a lot

@DrVishalJogi Жыл бұрын

Wonderful analysis

@shankarnath Жыл бұрын

Thank you very much, Dr. Vishal

@Prashant_equity Жыл бұрын

Excellent thank you

@shankarnath Жыл бұрын

You are very welcome

@romeshkirpalani848 Жыл бұрын

Very nice and informative❤

@shankarnath 11 ай бұрын

Thank you very much!

@ranjitpal9937 10 ай бұрын

Thanks 👍 Looking Forward To Evaluation Of Tyre Sectors & Propects With Regulatory Challenges ❤

@shankarnath 10 ай бұрын

Thanks for the suggestion

@ravikiran6424 22 күн бұрын

very systematic and professional thanks

@shankarnath 21 күн бұрын

You're most welcome!

@reyansharma8363 Жыл бұрын

Mind blowing 😮

@shankarnath Жыл бұрын

Glad you found it informative

@bhramarkumarsil8632 Ай бұрын

This was such a knowledgeable video. Gained a lot of information from this. Thank you 😊

@shankarnath Ай бұрын

Most welcome. Glad it was helpful!

@SaiLuck365 Жыл бұрын

Great efforts Mr Shankar. Love from Chennai. You can add Global Health Hospital, Aster DM hospital on your chapter 2

@shankarnath Жыл бұрын

Thanks for the suggestion & appreciation

@manvi08 5 ай бұрын

Great work here! Thank you.

@shankarnath 5 ай бұрын

Glad you like it!

@deivas1425 Жыл бұрын

Very good analysis Shankar Ji 🙂

@shankarnath Жыл бұрын

Thank you very much 🙌

@guru3267 Жыл бұрын

Thanks for the Useful information sir. Please do similar work on diagnostics also.

@shankarnath Жыл бұрын

Thanks for the suggestion

@gopikannans9246 Жыл бұрын

An excellent session Shankar.

@shankarnath Жыл бұрын

Thank you very much

@muhammedrashid7514 Жыл бұрын

Excellent ... High quality insights ....

@shankarnath Жыл бұрын

Glad you enjoyed it. Thank you!

@muhammedrashid7514 Жыл бұрын

@@shankarnath It was well orginied and well reaserched

@shankarnath Жыл бұрын

@@muhammedrashid7514 Thank you so much 🙌

@abhishekchatterjee8792 Жыл бұрын

It was such a good and detailed session. I was certainly looking for this one. But you did not consider Medanta. They too are good runners.

@shankarnath Жыл бұрын

The focus was on chains with a sizeable count of hospitals. Medanta operates just 5 hospitals and didn't make my cut. Thx for the appreciation

@rajarshidey424 Ай бұрын

Loved the video.

@shankarnath Ай бұрын

Glad you enjoyed it! 🙌

@arvindgandhi1007 Жыл бұрын

Thank you very much 🙏🙏

@shankarnath Жыл бұрын

You're most welcome. Glad you liked it

@jvarunkumar Жыл бұрын

I kid you not, but few hours back I was trying to study about hospital stocks and decided to look at S and P 500 top 100 stocks. I was shocked to notice that there were several health-care and health insurance companies in the top 100, but not a single hospital business. I was not able to make sense of this information as I expected hospitals to make more money than health insurance companies, but when I heard your explanation everything made sense to me. Since you have provided so many good video articles, I would like to contribute an idea to you. Please have a look at top 100 stocks of S and P 500 and provide your analysis of what you believe would be the sectors that dominate the nifty 100 after 15-20 years from now. Thanks a ton. You are like an elder brother to me.

@shankarnath Жыл бұрын

Thank you very much for your appreciation and for your suggestion!

@hasmukhsoni6445 3 ай бұрын

Well done sir..God job

@shankarnath 3 ай бұрын

Thank you!

@harshitthirani9872 10 ай бұрын

Very good video.

@shankarnath 10 ай бұрын

Thank you very much!

@arunpatial 5 ай бұрын

Shankar is the most underrated content creator and educator. Looking forward to seeing you hit 10m mark Shankar ji

@shankarnath 5 ай бұрын

Thank you very much for the vote of confidence

@PiyushSharma-mo9qo Жыл бұрын

Wooww shankar ji, this was a ton of knowledge and that to from an reliable source. A small request to you sir, I’ve been reading business model of elecon engineering since a week but unable to understand like how the replacement cost pf heavy machinery will come, how will the company acquire new customers and what all the new customers demand in case they need to change the vendor. I’m a college student in 3rd year of engineering and have a keen interest in markets. If u could please make a video on the same sector which elecon deals in it could be much useful. Regards 😊❤

@shankarnath Жыл бұрын

Thank you for the suggestion

@debasisgochhait4206 Жыл бұрын

Super analysis of health care stocks 👌🏻

@shankarnath Жыл бұрын

Thanks! 🙌

@debasisgochhait4206 Жыл бұрын

@@shankarnath I am a medico and I can imagine how much of ur hard work would have gone into making this video with all that information 👍🏻👌🏻

@shankarnath Жыл бұрын

Thank you for this kind appreciation, Debasis ji. Yes, it took some time but I thoroughly enjoyed learning about how the hospital industry works. The actual research was a lot longer, I had to strip away many parts & still it came to 15 points :)

@SandipanChakraborty 7 ай бұрын

Fantastic analysis

@shankarnath 7 ай бұрын

Glad you enjoyed it. Thank you

@naveenpolasu4670 Жыл бұрын

awesome.

@shankarnath Жыл бұрын

Thanks!

@prabhakarrao7492 6 ай бұрын

Very good presentation

@shankarnath 6 ай бұрын

Thank you!

@vinay94095 Жыл бұрын

Very well articulate. Just whether u can major exps, profit margin and challenge can be face by any company in the near future points could be added in ur analysis, that will help more to the viewers.

@shankarnath Жыл бұрын

Thanks for the suggestion

@minkish781 Жыл бұрын

Sir aap ke pass bahut knowledge hai!! Agar aap hindi me bhi video kar sakte ho toh that can help many! Please consider.

@srinivasge7751 Жыл бұрын

Could you please let us know whoch is the best stock for next 5 years

@sreejaysreedharan4085 Жыл бұрын

Hello Shankar....nice informative video as usual .Which business do you think is a better bet to have for long term, Health insurance or health care?just wanted to know your perspective.

@shankarnath Жыл бұрын

Apologies, I haven't analyses the health insurance sector so won't be right of me to comment. Having said this, healthcare is quite a big area of study - there's pharmaceuticals, hospitals, diagnostic centres/labs, biotech, equipment manufacturing and others. Is there a particular sub-sector you were referring to?

@sumeetrokade 5 ай бұрын

One of the most comprehensive video I have seen on the health care industry. It covers all the important aspects for investing in healthcare industry. Thank you very much

@shankarnath 5 ай бұрын

Most welcome. I'm glad you found it useful. It is one of my favourite videos

@SubhrajitGhadei Жыл бұрын

Great work Shankar. I would request you to kindly do a video on evaluating banking / NBFC stocks. That would be great help.

@shankarnath Жыл бұрын

Thanks for the suggestion. There is already a sector analysis video on Banks on my channel

@SubhrajitGhadei Жыл бұрын

@@shankarnath Thank You very much. I might have missed it. I will go through right away. Also, if you can analyze some of the beaten down sectors like textile, pharma, chemicals & some others, that would be a big help.

@pradeep19821000 Жыл бұрын

Great video Shankar ji...being a doctor learnt a lot from your video as investors point of view...I have a doubt..which is better to invest in stocks or to make hospital which will be listed in future in stock market...in which to concentrate more

@shankarnath Жыл бұрын

Thank you Dr. Pradeep, glad you found it useful. I'm an outsider so I'm relaying views as I see it (and without research). In my view building a hospital is likely to give better dividends. I recently spoke to a couple of doctors - both who own small hospitals (not more than 30 beds). One of the doctors has it in a Tier-1/2 city (population of less than 30 lakh) in Maharashtra and after all expenses, he's able to earn a profit of over 15 lakhs a month. So that's 2 crores an year, no debt .. and if valued at 20 times profit, then that's a valuation of 40 crores.

@mp5003 3 ай бұрын

Excellent

@shankarnath 3 ай бұрын

Thanks

@arockiapraveen5200 Жыл бұрын

thank you sir ,wonderful deep dive of hospital industry and taken more notes, one doubt is why EV/EBITDA is a best metric for this industry

@shankarnath Жыл бұрын

Most welcome. It's because of the capital heavy requirements. Say a hospital market cap is 100 rupees and it has 900 rupees in debt, then what is the real cost of buying it? Answer - 1000 rupees so that's enterprise value (the numerator). Secondly, the hospital business have a long gestation period and already the EBITDA is being calculated at a blended margin which is lower than the mature hospital. Now if we don't use EBITDA (the denominator) and use something like the net profits then it's double whammy because in addition to lower EBITDA we have to contend with interest on debt and depreciation on the newly developed buildings. The point is - by using other metrics, the comparison might become pointless so that's why I prefer EBITDA

@arockiapraveen5200 Жыл бұрын

Got it sir ,also why we don't use DCF is because the industry relies on heavy capex right sir ?

@shankarnath Жыл бұрын

@@arockiapraveen5200 Sure, please go ahead and apply DCF. Will be great if you can share your DCF model with me aswell, would love to understand it.

@nandis0049 Жыл бұрын

Already invested in the Sector.Your video brings more clarity on my holdings.Thank you!

@shankarnath Жыл бұрын

Great to hear! Most welcome & I'm glad the video was helpful.

@sattibabu1605 Ай бұрын

What r the best stocks in this sector sir

@shivanip866 Жыл бұрын

21:08 How did you calculate other hospitals discount from apollo? So should subtract evbyebitda ratio of other hospitals from Apollo?

@shankarnath Жыл бұрын

No. Just divide the other hospital's median EV-EBITDA ratio by Apollo Hospital's median EV-EBITDA ratio. Then subtract the result by 1 and you have the discount %

@shivanip866 Жыл бұрын

👍 thanks very much.

@sudarshanmurthy6501 Жыл бұрын

As a series to this video can you cover healthcare Indusrty covering other industries like healthcare insurer, leading specialised clinics, Health devices Mnfg and path labs companies. Creating a basket of a portfolio.

@shankarnath Жыл бұрын

Thanks for the suggestion. Can't do all of it e.g. health insurance has only 1 listed company (Star Health) presently, we need atleast 4 companies per sub-sector for it to make sense. I've consider the others and add it to my content queue

@subhankar.prabir Жыл бұрын

Great analysis sir. Kindly do same type of analysis on Shoe Companies. Metro Campus or Relaxo?

@shankarnath Жыл бұрын

Thanks for the suggestion

@natarajanelamurugan9809 Жыл бұрын

Hai sir, Excellent analysis as usual ... Can u pls do an analysis on Kauvery hospital.... could it be future apollo or Max kind of hospital chain ??? Thanks in advance ☺️

@shankarnath Жыл бұрын

Thanks for the suggestion

@pramoddesai737 Жыл бұрын

Will you please advise me about availability of cg benefits by purchasing a flat from sale proceeds of shares and mf...thanks..any views or videos, etc

@shankarnath Жыл бұрын

Oh, taxation is not my strong suit, request you to consult a tax advisor for the same. If I come across any videos/articles on the same, then I'll circle back later

@pramoddesai737 Жыл бұрын

@@shankarnath thanks...

@rohitasharora007 Жыл бұрын

Sir, make a video about how to analyse agricultural commodities companies like rice( KRBL) and all the government regulations regarding this sector like the one you made about analysing sugar companies

@shankarnath Жыл бұрын

Thank you for the suggestion, I'll add it to my content queue

@anmolshete875 Жыл бұрын

Please make video on api and chemical sector....its good to add

@shankarnath Жыл бұрын

Thanks for the suggestion

@jallosh2008 Жыл бұрын

Thank you Shankar Sir for this amazing video. Regarding EV/EBITDA, lower the rate better the valuation. So if Market cap or long term debt increases but EBITDA is same or decreases, then it becomes expensive it terms of valuations. Is this correct understanding? Also regarding regulatory risks, Is it fair to say that hospitals find out some way or other to workaround the regulatory risks if it's a multi-speciality one whereas the hospital with specialised care pose more exposure to regulatory threats? Thank you once again!

@shankarnath Жыл бұрын

Most welcome. 1. Yes, lower is better and yes, if market cap plus debt goes higher & if the EBITDA stays where it is at - then it's not an ideal situation 2. I can't generalize on the response to a regulation that a hospital may or may not take. Most companies (across industries) find loopholes but it's the management/promoter's call to exploit that loophole or not. I know of a couple of promoters who decided not to do use a workaround as they are temporary fixes but preferred to do the right thing, which worked out brilliantly for the organization 3. Yes, I would have to agree that hospitals that specialize on specific treatments have more risk than ones that have a wider diverse spread of procedures, patients and geographies as we discussed in the video aswell. So even when a regulatory risk presents itself, the multi-speciality hospitals can adjust better to newer realities

@jallosh2008 Жыл бұрын

@@shankarnath thank you sir! This is such a Big help!

@sameerek76 Жыл бұрын

Great informative video. Being a new investor i have a few questions hope you can clear for me Sir. Which of the above stocks will you suggest for long term. And how much percentage of the portfolio should we add. How much return you think these stocks can give in the long run from now.

@shankarnath Жыл бұрын

Thank you. Glad you found the content informative & it can form the basis of any hospital stock you research. As you are a new investor, I'll suggest you to not take any advice on "which stock to buy" and "how much returns it will give 10 years from now" from any youtube channel or whatsapp or telegram or news channel. If you are new to my channel, then you'll realize that this is not a stock recommendation channel but more of an education channel. I knew nothing about the hospital industry until a week back when I first started researching it. Now I think I am within 5% of investors who know something about it.

@sameerek76 Жыл бұрын

@@shankarnath I got your point. I have seen your live speech. Love the way you interact with people. But I am looking for good stock buying advise, because most of the stocks look highly priced and hyped. And difficult to choose. Hope you can understand the dilemma.

@shankarnath Жыл бұрын

@@sameerek76 Thanks for your kind appreciation. I'll certainly circle back if I decide to offer stock tips & recommendations in the future for a fee.

@rohit59715971 Ай бұрын

Just saw a data.. inspite of having low occupancy rainbow has given highest AVerage revenue per bed in FY22…once it becomes mature occupancy will increase and future growth expected.. its margin is also good… something extra ordinary this company is doing.. please find and share with us.. thanks for good content.

@shankarnath Ай бұрын

Glad you liked it

@sabarnasam4237 5 ай бұрын

Where to find this ratios 11:53 ? Not present in standard search tools like screener

@shankarnath 5 ай бұрын

I read investor presentations, annual reports and listened to earnings calls

@sabarnasam4237 5 ай бұрын

@@shankarnath thank you sir

@AkashVermaLMP Жыл бұрын

Please make fresh video on coffee can investing for small and mid cap in all time high market

@shankarnath Жыл бұрын

Thanks for the suggestion

@yashjain6847 2 ай бұрын

I have one silly question sir. Upgrades and expansion of facilities come under capex and not under working capital na?

@shankarnath 2 ай бұрын

Yes, it's capex and not working capital. WC is for day-to-day operations

@shaikalisha5015 Жыл бұрын

Please cover a video of diagnostic stocks

@shankarnath Жыл бұрын

Thanks for the suggestion

@mohitmohania Ай бұрын

Shankar u may want to check Yatharth hospitals, high potential multi bagger stock in making

@shankarnath Ай бұрын

Curious to know -- why Yatharth Hospital gives you more reason to believe as compared to others? What I like -- a) rise in sales amount & EBITDA b) reduction in debt (thx to the IPO) c) increase in mix (oncology grew 2x, pulmonology, cardiology are all up) What I didn't -- a) unclear expansion plans (they've acquired a 165-bed hospital in Faridabad and are targeting 1 acquisition per year to reach 2800 beds which is currently 1605 beds); I couldn't see any greenfield project b) ARPOB inspite of being in NCR region is 28,500 rupees which is on the lower side c) The govt. business is 40% leading to lower pricing & delays in payment; even in the latest results the debtor days shot up to 124 due to delay in payment from govt. d) ALOS is going up (it should ideally come down) d) Occupancy in their NOIDA hospital is already 89%; no scope for improvement or more beds

@SrinivasPaulraj Жыл бұрын

கமல், விக்ரம் க்கு அடுத்து நீங்க தான் சார் அதிகமான கெட்டப் போட்டுருக்கீங்கன்னு நினைக்குறேன். 😅😂😂 thumbnail awesome

@shankarnath Жыл бұрын

Glad you liked it!

@raghuram1949 Жыл бұрын

Shankar ji, requesting you to make a video on auto sector, since it seems opportunity now!!! #FOMO💯

@shankarnath Жыл бұрын

Thanks for the suggestion

@logeshwarans5537 Жыл бұрын

Sir pls analyse Defense , dairy, AI, diagnostic , speciality chemical, drone, AMC sector

@shankarnath Жыл бұрын

Thanks for the suggestion

@history_explorer12 11 ай бұрын

A small doubt. How can a low CAGR of 5-6% for ARPOB is more realistic than 10-11% for mature hospitals? can you pls clarify

@shankarnath 11 ай бұрын

Look at it this way. When an FMCG company says that it has increased revenue by 10% per annum, it's generally a mix of volume growth and price increase. In the case of sectors like hospitals, there is a capacity limitation i.e. one can't produce beds on the go. As hospitals get mature, they can't add more extensions/wings as they'll likely be maxed out. In that scenario, it's only price growth that'll help and it's difficult for them to hike hospital charges by 10-11% every year. A stability will come and the consensus is that the revenue per bed growth for mature hospitals will be around the 6% mark

@history_explorer12 11 ай бұрын

@@shankarnath thanks a lot sir

@sjain40b Жыл бұрын

👍👍✅✅

@alexandery983 Жыл бұрын

You look very healthy in the picture, your editor has made you slim and healthy. 🙂 Love your videos. Learnt a lot from it. Thanks

@mumohammad 11 ай бұрын

Sir are your from Karnataka

@shivamrai9067 Жыл бұрын

Holding NH at 740 levels what next?

@prakashrosario7413 Жыл бұрын

👍

@nazeemummer1 Жыл бұрын

💯

@ayushharia Жыл бұрын

ALOS going down is actually good in oncology space. Meaning that the treatment is getting advanced and a patient can go home in very few days. It is good in case of HCG where they have deployed advanced hi tech machines for treatment and hence ALOS have come down. Also for HCG, they are purely into oncology where a patient has to stay in hospital only in case of a surgery..maximum patients come for chemotherapy which lasts for a few hours..hence in case of HCG ALOS is not the right metric to track.

@shankarnath Жыл бұрын

Thx for sharing your views!

@sanjanalaha 10 ай бұрын

Liked your video much. For a change you did not use high pitch which are noisy rather than soothing. Liked your composed demeaner and detailed analysis in simple language. Thanks. Will go thru more of your videos.

@francymc8823 Жыл бұрын

Nice and comprehensive presentation. @1.44. you said hospitals required high Working Capital such as upgrades and expansion facilities which is wrong. These expenses are considered as Long/Medium Term Loans. In hospital industry, being cash and carry business, WC requirement is nil which has to be analysed based on cash flow based model.

@shankarnath Жыл бұрын

Thank you. Can you please share the source of your information that working capital requirement for the hospital industry is nil?

@kaushalpjoshi Жыл бұрын

If im not wrong isnt dt lower the ev/ebitda ratio better in terms of valuation. It seems in the video dt u r suggesting higher is better. Not sure abt whether u meant it like dt.

@shankarnath Жыл бұрын

Can you share the timestamp where this has been suggested?

@kaushalpjoshi Жыл бұрын

@@shankarnath20:45. Now im not criticizing you for it but according to me it is coming out as top2 are the benchmark which is to an extent correct but a small discalimer that they seem to be valued richly would do justice to the verse. I might me interpreting it wrongly but dts just my view. Also price to cash flow is also another metric which can be monitored in case of hospitals

@shankarnath Жыл бұрын

Thanks for the feedback & suggestion