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Unlisted shares are illiquid and carry higher risk than listed securities. Prices are indicative, not live. Read the risk disclosure.

Credit Rating (CRISIL)
CRISIL B+/Stable
Rates the company's debt-servicing ability — not the quality or value of its shares.
Rated: 31 Aug 2015
This rating is over a year old.
View Full ReportValuation
Financials (FY2024)
Source: CRISILInvestment Thesis
Down Town Hospital Limited is a nearly four-decade-old multi-speciality hospital serving as a primary tertiary care referral centre for Northeast India and neighboring countries. While it holds a strong regional market position built over decades, it faces growing competitive pressures from corporate hospital chains entering the Northeast. As an unlisted entity, financial details remain opaque, limiting investor visibility.
Pros
Cons
Business Segments
Multispecialty Hospital
300-bed tertiary care hospital with 35+ departments; cardiology, oncology, orthopaedics, neurology, nephrology, renal/liver transplants; serving North East India and neighboring countries.
Revenue Model
Down Town Hospital generates revenue through in-patient admissions, out-patient consultations, surgical procedures, diagnostic services, and pharmacy sales. Being a private multi-speciality hospital, it serves both cash-paying patients and insurance/CGHS/ECHS-covered patients across Guwahati and the broader Northeast India region.
Detailed Analysis
Growth Plans
Rising healthcare demand in Northeast India driven by increasing insurance penetration under Ayushman Bharat
Growing medical tourism from neighboring countries seeking advanced tertiary care unavailable locally
Government infrastructure investments improving connectivity to Guwahati, expanding patient catchment
Industry Tailwinds
Rising healthcare demand in Northeast India driven by increasing insurance penetration under Ayushman Bharat
Recent Developments
First hospital in North East India to receive NABH accreditation for patient safety and quality of care.
2013Hospital recently launched liver transplant services, adding to existing kidney transplant capabilities — pioneered in NE India.
RecentComparable Companies
APOLLOHOSP · ~₹85,000 Cr
PE: ~70xx
Frequently Asked Questions
About Down Town Hospital
Down Town Hospital Limited is one of Assam's largest and oldest private multi-speciality hospitals, incorporated on 31 January 1986 at G.S. Road, Dispur, Guwahati. With nearly 40 years of healthcare delivery, Down Town Hospital has grown to become a premier tertiary care institution serving the Northeast Indian region. Guwahati is the medical hub of Northeast India — patients from across the 8-state Northeast region travel to Guwahati for specialized healthcare not available locally. This medical tourism catchment area of over 45 million people across Assam, Meghalaya, Nagaland, Arunachal Pradesh, Manipur, Mizoram, Tripura, and Sikkim positions Down Town Hospital as a regional referral center. The hospital offers multi-speciality services including cardiology, oncology, neurology, orthopedics, nephrology, gastroenterology, and critical care. Its position on the busy G.S. Road in Dispur (near the state capital) provides high visibility and accessibility. Financially, Down Town Hospital reported gross revenues of approximately ₹86.59 crore in FY2023-24 (up from ₹79.83 crore in FY2022-23 — 8.5% growth), with Profit Before Tax of ₹8.83 crore in FY2024 (up from ₹7.66 crore in FY2023 — 15.3% PBT growth). EBITDA grew 15.26% YoY, indicating improving operational leverage as revenues scale. The authorized capital of ₹5 crore with paid-up capital of ₹3 crore reflects a tightly held, promoter-managed institution. With an 8-director board including Sabita Tamuli and Biswa Dutta, the hospital maintains active governance. As Assam's healthcare infrastructure expands with government spending, Down Town Hospital is well-positioned to capture growing patient volumes from the region.
Key Milestones
Incorporated January 31, 1986 in Guwahati, Assam (CIN: U85110AS1986PLC002477)
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Unlisted shares are illiquid and carry higher risk. Pricing is indicative, not live, and these are private off-market transactions with no exchange settlement guarantee. Read the full risk disclosure.
Growing medical tourism from neighboring countries seeking advanced tertiary care unavailable locally
Government infrastructure investments improving connectivity to Guwahati, expanding patient catchment
Industry Headwinds
Entry of larger corporate hospital groups into Guwahati could erode Down Town's market leadership
Doctor attrition due to salary competition from pan-India hospital chains
Limited capital access as an unlisted company for capacity expansion
CRISIL rating of CRISIL B+/Stable — sub-investment grade; indicates elevated credit risk
Source: CRISIL
Retaining specialist and super-specialist doctors in Guwahati is challenging due to competition from metro-based hospitals offering higher compensation and better facilities.
Source: Media Reports / Public Records
Expansion of corporate hospital chains into Northeast India (e.g., Manipal, Artemis) poses increasing competitive threat to established regional players like Down Town Hospital.
Source: Media Reports / Public Records
Healthcare sector in India faces increasing regulatory oversight on pricing under NPPA and state-level regulations, which could impact revenue realization.
Source: Company Financial Filings
Retaining specialist and super-specialist doctors in Guwahati is challenging due to competition from metro-based hospitals offering higher compensation and better facilities.
Expansion of corporate hospital chains into Northeast India (e.g., Manipal, Artemis) poses increasing competitive threat to established regional players like Down Town Hospital.
Healthcare sector in India faces increasing regulatory oversight on pricing under NPPA and state-level regulations, which could impact revenue realization.
NH · ~₹25,000 Cr
PE: ~35xx
Commissioned February 15, 1989 — first multispecialty corporate hospital in North East India
ISIN INE06NN01012; authorized ₹5 Cr, paid-up ₹3 Cr; NABH accredited 2013; ISO/NABL certified
Pioneer kidney transplant in NE India; 300 beds; 35+ departments; serves Bhutan, Nepal, Bangladesh
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