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Home Credit Perspective Reports Narayana Hrudayalaya Limited
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Entity-Specific Rating Rationales

19 Jan 2026

Narayana Hrudayalaya Limited: Ratings reaffirmed

Narayana Hrudayalaya Limited: Ratings reaffirmed

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10 Nov 2025

Narayana Hrudayalaya Limited: Update on material event

Narayana Hrudayalaya Limited: Update on material event

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20 Jan 2025

Narayana Hrudayalaya Limited: Ratings reaffirmed and assigned; rated amount enhanced

Narayana Hrudayalaya Limited: Ratings reaffirmed and assigned; rated amount enhanced

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02 Feb 2024

Narayana Hrudayalaya Limited: Ratings reaffirmed and assigned; rated amount enhanced

Narayana Hrudayalaya Limited: Ratings reaffirmed and assigned; rated amount enhanced

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06 Mar 2023

Narayana Hrudayalaya Limited: Long-term rating upgraded; short-term rating reaffirmed; outlook revised to Stable from Positive; rated amount enhanced

Narayana Hrudayalaya Limited: Long-term rating upgraded; short-term rating reaffirmed; outlook revised to Stable from Positive; rated amount enhanced

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Entity-Specific Credit Perspective Reports

17 Feb 2026

Narayana Hrudayalaya Limited

Narayana Hrudayalaya Limited (Non-SF)

17 Feb 2025

Narayana Hrudayalaya Limited

Narayana Hrudayalaya Limited (Non-SF)

01 Mar 2024

Narayana Hrudayalaya Limited

Narayana Hrudayalaya Limited (Non-SF)

Ratings

Description
Short Term
Medium Term
Long Term
Issuer
Long Term/ Short Term- Working Capital [ICRA]A1+ -- [ICRA]AA(Stable) --
Term Loan -- -- [ICRA]AA(Stable) --
Unallocated [ICRA]A1+ -- [ICRA]AA(Stable) --
Non Convertible Debenture -- -- [ICRA]AA(Stable) --
Cash Credit -- -- [ICRA]AA(Stable) --
Short Term- Non-fund Based [ICRA]A1+ -- -- --
Commercial Paper Withdrawn -- -- --

Our Analysts

Analyst 1

Tanvir Singh

Analyst 2

Mythri Macherla

Sector Head

Jitin Makkar
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