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← CockpitCompetitor Analysis › NEPHROPLUS.NS Nephrocare Health Services LimitedOpen in the cockpit ↗

Nephrocare Health Services LimitedNEPHROPLUS.NSCompetitor analysis, valuation and peers

India · INR·Pharma & Healthcare›Medical/Nursing Services
Momentum neutral 50
Mkt cap
$639M
US dollars, full cap
Free float
22%
of shares outstanding
$/day
$1.01M
20-day average traded
Fwd P/E
41.9×
forward earnings
ROIC−WACC
-1.0 pp
WACC 12.5%
Hurdle
+4 pp
Req g minus delivered
Next earnings
117 days
3 Mar 2027
Close · INR₹601.75
1D-0.2%
1W-2.1%
1M-6.2%
3M-13.0%
6M+10.4%
YTD+28.4%
1Yn/a
ATR %3.8%
52w lowhigh23.0% off high

What Nephrocare Health Services does

Employees: 3,401

Nephrocare Health Services at a glance

Size Nephrocare Health Services (NEPHROPLUS.NS) is an India Health Care company (Medical/Nursing Services) with a market value of $639M, the 752nd largest of 1,058 India companies the cockpit tracks. Shares closed at ₹601.75 on 6 Nov 2026.

Performance Over six months the shares gained 10.4%, against -2.1% for the median peer and 0.0% for the India market (cap-weighted) — 4th highest of 20 in its peer set.

Growth Revenue grew 32.9% over the last twelve months (peer median +6.0%); the operating margin is 13.8% (peer median 7.6%).

Valuation It trades at 41.9× forward earnings against a peer median of 17.9× (2nd most expensive of 15).

Price implies For today's price to make sense, revenue must grow about 36% a year for seven years (Req g). Recent delivered growth is +32%, so the hurdle is +4 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.

Capital Return on invested capital runs 1.0 points below its cost of capital (12.5% WACC).

Next results Next results expected around 3 Mar 2027 (exchange calendar; dates can move).

Relative performance

10012014011 May 202611 Aug 20266 Nov 2026NEPHROPLUS.NS 110Peer median 98
Six months, rebased to 100: Nephrocare Health Services against the median of its 20 peers (local-currency closes).

Nephrocare Health Services financials

Reported figures in INR; fiscal year ends 2026-03-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenuen/a₹9.97B₹7.50B₹5.57B₹4.37B
Revenue growth—+33%+35%+27%—
Gross profitn/a₹2.88B₹1.73B₹1.06B₹537M
EBITDAn/a₹2.27B₹1.63B₹945M₹486M
Net incomen/a₹768M₹671M₹351M-₹118M
Free cash flown/a₹1.03B₹298M-₹141M-₹699M
Capital expendituren/a₹1.19B₹1.01B₹800M₹737M
Total debt₹1.49B₹797M₹2.58B₹2.68B₹2.14B

Quarterly statements and history in the cockpit →

Nephrocare Health Services competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-50%0%+50%-40%-20%0%+20%FLGT301060195940WELLDNA1951SRTATHYROCARE127120TTALOIDXJSLLACL9860REG300642M12NEPHROPLUS.NS6-month return →1-month return →
Up and to the right = strong over both horizons. Nephrocare Health Services is the large dot.

Fundamentals: revenue growth against valuation

0%+50%+100%+150%20×40×60×GMRS195940WELL1951SRTATHYROCARE4694JSLLM12NEPHROPLUS.NSRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Nephrocare Health Services is the large dot.

Capital: growth delivered against growth the price implies

0%+50%+100%0%50%100%GMRS301060195940WELL1951THYROCARETTALOIDXJSLLACLAHCO300642M12NEPHROPLUS.NSGrowth delivered (Del g) →Growth the price implies (Req g, 7 yrs) →
Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. Nephrocare Health Services is the large dot.

Nephrocare Health Services competitors and peer comparison

How Nephrocare Health Services compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Nephrocare Health Services against its 20 peers (data as of 6 Nov 2026)
MeasureNEPHROPLUS.NSPeer medianRank in peer set
1-month return-6.2%-3.2%9th lowest of 21
6-month return+10.4%-2.1%4th highest of 20
Distance from 52-week high-23.0%-28.8%9th highest of 21
Revenue growth (TTM)+32.9%+6.0%4th highest of 21
Operating margin13.8%7.6%4th highest of 21
Forward P/E41.9×17.9×2nd most expensive of 15
Growth the price implies (Req g, 7 yrs)35.7%8.5%most demanding of 17
Growth delivered (Del g)+31.6%+11.5%3rd highest of 17
Hurdle (Req g minus delivered)+4.0 pp-9.1 pp6th most demanding of 17
ROIC minus cost of capital-1.0 pp-2.2 pp10th highest of 20
EV / EBITDA25.3×8.4×2nd most expensive of 14
Net debt / EBITDA-1.3×1.7×5th least indebted of 15

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Nephrocare Health Services NEPHROPLUS.NSIndia$639M+10%+33%14%41.9×35.7%+31.6%
Fulgent Genetics FLGTUnited States$653M+49%+7%-36%n/an/an/a
GMR Solutions GMRSUnited States$672Mn/a-4%14%8.0×-20.0%-4.0%
Shanghai Labway Clinical Laboratory 301060.SZChina$593M-4%-19%6%n/a8.8%+3.2%
HK inno.N 195940.KSSouth Korea$745M-32%+7%12%11.8×-10.8%+12.2%
WELL Health Technologies WELL.TOCanada$760M-5%+39%7%14.7×9.1%+94.5%
Ginkgo Bioworks DNAUnited States$760M+26%-52%-258%n/an/an/a
Jinxin Fertility 1951.HKHong Kong$800M-2%+7%11%24.4×18.0%+12.4%
Strata Critical Medical SRTAUnited States$497M0%+23%-4%67.4×n/an/a
Thyrocare Technologies THYROCARE.NSIndia$830M+5%+22%26%35.2×27.9%+10.9%
JS Link 127120.KSSouth Korea$481M-57%+51%-76%n/an/an/a
Terveystalo Oy TTALO.HEFinland$883M-19%-8%8%11.1×-4.6%+5.3%
BML 4694.TJapan$887M-2%+4%7%18.6×-9.7%+1.6%
Integral Diagnostics IDX.AXAustralia$450M-21%+26%9%15.5×8.3%+17.7%
Jeena Sikho Lifecare JSLL.NSIndia$424M-56%+162%36%13.9×8.1%+42.6%
Australian Clinical Labs ACL.AXAustralia$419M+74%-1%8%17.3×3.9%+2.6%
ADICON 9860.HKHong Kong$408M+9%+1%4%25.5×12.0%-1.5%
AdaptHealth AHCOUnited States$1.00B+8%-3%3%n/a16.3%+25.2%
Regis Healthcare REG.AXAustralia$1.05B-17%+17%4%25.1×14.6%+14.4%
Tellgen 300642.SZChina$387M-3%+5%8%n/a22.4%-5.8%
M1 Kliniken M12.DEGermany$376M+3%-28%13%18.5×-5.5%+17.9%

Questions

Which companies are Nephrocare Health Services's closest peers?
The cockpit's peer set: Fulgent Genetics (FLGT), GMR Solutions (GMRS), Shanghai Labway Clinical Laboratory (301060.SZ), HK inno.N (195940.KS), WELL Health Technologies (WELL.TO), Ginkgo Bioworks (DNA), Jinxin Fertility (1951.HK), Strata Critical Medical (SRTA).
Is Nephrocare Health Services expensive compared with its peers?
On forward p/e it trades at 41.9× against a peer median of 17.9×, 2nd most expensive of 15 in its peer set. For today's price to make sense, revenue must grow about 36% a year for seven years (Req g). Recent delivered growth is +32%, so the hurdle is +4 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
How has Nephrocare Health Services stock performed?
Over six months to 6 Nov 2026 the shares returned +10.4% against -2.1% for the median peer.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.