New Delhi, March 19 -- Since the covid-19 pandemic, India's healthcare sector has been having a dream run. Buoyed by an aging demographic with rising incomes, along with improving penetration of medical insurance and medical tourism, the Nifty Healthcare Index has outperformed the broader market by recording a 25% compound annual growth rate (CAGR) in the last five years.

Within the healthcare sector, Aster DM Healthcare Ltd has grown phenomenally. The Bengaluru-based integrated healthcare service provider has more than 5,000 beds in 19 hospitals across five states in the country and has seen the revenue grow by 22% CAGR over the last five years.

Its Ebitda margin has expanded from 11% to 20%, leading to 37% CAGR growth in its operating...