Premium surgical procedures, expansion plan turn brokerages bullish on Dr Agarwal’s Health Care

Dr Agarwal’s plans so as to add 55-60 new services.
| Photograph Credit score:
KUMAR SS

Inventory brokerages have turned extra constructive on Dr Agarwal’s Health Care, after the corporate’s newest earnings replace. Most broking corporations have raised estimates citing expansion plans and better adoption of premium surgical procedures.

The corporate has a complete of 272 services (253 in India and 19 overseas). The corporate plans so as to add 55-60 new services.

Morgan Stanley believes Dr Agarwal’s is on a gradual development path and elevated FY26 EPS by 9 per cent, pushed by decrease financing prices and depreciation.

For FY27 and FY28, the brokerage factored in a 2 per cent discount in depreciation and a 14–15 per cent decline in curiosity prices, resulting in a 5-4 per cent improve in profit-before-tax estimates, respectively. Morgan Stanley has an Obese ranking on inventory with 26 per cent upside from present value ranges.

Corporations replicate optimism

Equally, Motilal Oswal Monetary Providers raised its earnings estimates by 7 per cent, 4 per cent and a couple of per cent for FY26, FY27 and FY28, respectively, citing stronger efforts in high-end surgical procedures, scaling up of services in northern India and sturdy affected person development within the west and east areas.

The brokerage expects a compound annual development fee of 21 per cent in income and 42 per cent in internet revenue over FY26–FY28. Motilal Oswal sees 25 per cent upside from present value ranges.

Dr Adil Agarwal, CEO, Dr Agarwal’s Health Care mentioned the corporate stays centered on accelerating natural development by aggressive greenfield expansion, deepening its presence in present markets whereas selectively getting into newer geographies. Leveraging its model power and scalable platform, Dr Agarwal’s Healthcare continues to drive sustainable development whereas sustaining excessive requirements of affected person security and medical high quality, he mentioned.

The corporate stays assured of assembly its annual steering, supported by resilient demand and robust momentum in its expansion plans, he added.

Throughout the 9 months that ended December 2025, the corporate served over 22 lakh sufferers and carried out 238,283 surgical procedures.

In a day, almost 10,000 sufferers stroll into one in all Dr Agarwal’s Services, representing about 25 per cent development.

Printed on February 12, 2026