FY27 Capex of Rs 2,000 crore
Company has already deployed Rs 900 crore in Q1 alone, front-loading investments. Bed capacity additions include Electronic City (300 beds, Q2), Raipur (Q4), Nashik (103 beds operational).
MANIPALHEALTHENTERPRISES / guidance tracker
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Manipal Health Enterprises · forward-looking guidance across the available source record.
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What management said would happen.
capex
Kinder Hospital acquisition—100 beds in Whitefield
Acquisition of entire business operations of Kinder Hospital in Whitefield, Bangalore for ~Rs 22 crore annual revenue. Facility to be remodeled into multispecialty (8-9 month project), adding 100 beds to existing cluster.
Post-IPO net debt/EBITDA to reduce to 0.9x
Trigger initiated for debt repayment in Q2; current net debt/EBITDA of 2.8x will reduce to 0.9x post-IPO proceeds deployment. Company comfortable operating at 1.5-2x leverage.
Network occupancy headroom with low ALOS
At 65% occupancy with industry-leading ALOS of 2.7 days, management sees headroom to grow volumes without significant capacity addition in existing hospitals.