Subscribe for Nephrocare Health Services Ltd IPO; Geojit Financial Services

Geojit Financial Services, Nephrocare Health Services Ltd

Nephrocare Health Services Ltd. (NHSL), founded on December 18, 2009, provides end-to-end dialysis care through its extensive clinic network. Its offerings include diagnosis, treatment, and wellness programs, covering hemodialysis, home and mobile dialysis, and pharmacy support. As the largest provider in its segment, NHSL operates 519 clinics worldwide, including 51 international locations across the Philippines (41), Uzbekistan (4), and Nepal (6). In 2024, the global dialysis services market was estimated at ~USD 75.2 billion and is expected to grow to around USD 106.2 billion by 2029, indicating a compound annual growth rate (CAGR) of 7.1% over FY24–FY29 (Source: F&S Report).

Valuation and Outlook

The company aims to strengthen its presence by launching new clinics, partnering with hospitals for asset-light growth, and improving accessibility in underserved regions. Therefore, we recommend a SUBSCRIBE rating for investors with a long-term horizon.