Max Healthcare Institute Limited

Healthcare · Healthcare Services

NSE: MAXHEALTH BSE: 543220

₹929.80

Sept. 30, 2026 · NSE · nse_bhavcopy

Peers in Healthcare Services

The largest companies in the same industry by market cap. This company ranks #2 of 62. PE, ROE, 1Y return and scores come from the daily/weekly precomputed snapshot.

Company	Market cap (₹ Cr)	PE (TTM)	ROE	1Y return	Div. yield	Quality	Valuation	Momentum
Apollo Hospitals Enterprise Limited	117,407	74.7	20.1%	9.7%	—	73	0	27
Max Healthcare Institute Limited (this stock)	90,492	126.0	13.4%	-16.5%	0.22%	77	0	26
Fortis Healthcare Limited	58,132	257.5	10.5%	-22.2%	0.13%	49	26	6
Global Health Limited	36,701	76.2	13.9%	4.6%	0.04%	74	0	30
Narayana Hrudayalaya Ltd.	36,609	64.4	17.8%	3.5%	0.25%	66	0	29
Aster DM Quality Care Limited	36,121	207.5	8.8%	10.5%	0.43%	53	0	26
Dr. Lal Path Labs Ltd.	33,310	38.7	20.1%	-37.3%	0.98%	82	0	88
Krishna Institute of Medical Sciences Limited	31,349	111.2	9.5%	8.5%	—	47	0	29

Valuation multiples

Current only. Market cap is the whole company's; sales/EBITDA are trailing-twelve-month standalone; debt and cash come from the latest filed standalone balance sheet (March 31, 2026). EBITDA = PBT + interest + depreciation.

Enterprise value

₹90,786 Cr

EV / EBITDA

81.5x

EV / Sales

30.64x

Market cap / Sales

30.54x

Earnings yield

0.79%

Quarterly Financials

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Standalone Consolidated

↑ Positive

Quarterly Revenue

Jun 2026 quarterly revenue is Rs 875 Cr, up 13.1% YoY.

↑ Positive

Quarterly Net Profit

Jun 2026 quarterly net profit is Rs 168 Cr, up 0.9% YoY.

Period end	Revenue (₹ Cr)	PBT (₹ Cr)	Net profit (₹ Cr)	Basic EPS
June 30, 2026	783	226	168	₹1.7200
March 31, 2026	733	260	203	₹2.0900
Dec. 31, 2025	711	225	187	₹1.9200
Sept. 30, 2025	737	216	160	₹1.6500
June 30, 2025	694	223	166	₹1.7100
March 31, 2025	659	227	177	₹1.8200
Dec. 31, 2024	697	198	138	₹1.4200
Sept. 30, 2024	686	318	231	₹2.3800
June 30, 2024	621	203	154	₹1.5900
March 31, 2024	610	291	242	₹2.4900
Dec. 31, 2023	591	203	158	₹1.6300
Sept. 30, 2023	597	210	161	₹1.6600
June 30, 2023	544	161	126	₹1.3000

Quarterly income statement (standalone, ₹ Cr)

Indicator	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23
Total income (before exceptional items)	875	824	794	784	774	757	789	820	664	748	633	645	586
Operating revenue	783	733	711	737	694	659	697	686	621	610	591	597	544
Other income	92	91	83	47	80	98	92	134	43	138	43	48	43
Operating expenses	600	518	507	523	506	484	461	461	423	411	391	394	384
Operating profit	182	215	204	214	188	175	236	225	198	199	200	203	160
Operating profit margin	23.3%	29.3%	28.7%	29.0%	27.0%	26.5%	33.8%	32.7%	31.9%	32.7%	33.9%	34.0%	29.4%
Depreciation	37	35	36	37	35	36	33	32	30	32	30	28	28
Interest	12	11	11	9	9	9	23	8	8	15	10	13	14
Exceptional items, gain / (loss)	—	—	-16	—	—	—	-74	—	—	—	—	—	—
Profit before tax	226	260	225	216	223	227	198	318	203	291	203	210	161
Tax	58	57	38	55	57	50	60	87	49	49	45	49	35
Net profit	168	203	187	160	166	177	138	231	154	242	158	161	126
EPS	1.72	2.09	1.92	1.65	1.71	1.82	1.42	2.38	1.59	2.49	1.63	1.66	1.30
Net profit (TTM)	718	717	691	642	713	701	765	785	715	687	572	536	733
EPS (TTM)	7.38	7.37	7.10	6.60	7.33	7.21	7.88	8.09	7.37	7.08	5.89	5.52	7.56

Total income excludes exceptional items, which are shown on their own row. Trendlyne and Screener fold exceptional items into revenue or other income, so their totals differ from this table by exactly that row.

Annual Financials

Year ended	Revenue (₹ Cr)	PBT (₹ Cr)	Net profit (₹ Cr)
March 31, 2026	2,874	924	717
March 31, 2025	2,664	947	701
March 31, 2024	2,341	865	687
March 31, 2023	1,905	563	694

Annual income statement (standalone, ₹ Cr; CAGR to the latest year)

Indicator	CAGR 3Y	CAGR 5Y	Mar 26	Mar 25	Mar 24	Mar 23	Mar 22
Total income (before exceptional items)	15.7%	—	3,176^†	3,030^†	2,613^†	2,050^†	1,854^†
Operating revenue	14.7%	—	2,874	2,664	2,341	1,905	1,729^†
Other income	—	—	302^†	367^†	271^†	146^†	125^†
Operating expenses	—	—	2,054^†	1,830^†	1,579^†	1,314^†	1,308^†
Operating profit	11.6%	—	821^†	833^†	762^†	591^†	421^†
Operating profit margin	—	—	28.5%^†	31.3%^†	32.5%^†	31.0%^†	24.3%^†
Depreciation	—	—	143^†	131^†	117^†	110^†	99^†
Interest	—	—	40^†	48^†	52^†	50^†	44^†
Exceptional items, gain / (loss)	—	—	-16^†	-74^†	0^†	0^†	0^†
Profit before tax	18.0%	—	924	947	865	563	403^†
Tax	—	—	208^†	246^†	178^†	-130^†	72^†
Net profit	1.1%	—	717	701	687	694	331^†
EPS	1.1%	—	7.37^†	7.21^†	7.08^†	7.14^†	3.42^†

^† Derived: the sum of that fiscal year's four quarterly filings (a real annual filing is used wherever one exists). Checked against filed annual figures, the sum lands within 0.5% for about 94% of company-years.

Annual ratios (standalone)

Ratio	Mar 26	Mar 25	Mar 24	Mar 23	Mar 22
Operating margin	28.5%^†	31.3%^†	32.5%^†	31.0%^†	24.3%^†
EBIT margin	33.5%^†	37.4%^†	39.1%^†	32.2%^†	25.9%^†
PBT margin	32.1%	35.5%	36.9%	29.6%	23.3%^†
Net margin	24.9%	26.3%	29.4%	36.5%	19.2%^†
Interest coverage	24.18x^†	20.56x^†	17.74x^†	12.36x^†	10.14x^†
Dividend payout	20.4%^†	20.8%^†	14.1%^†	0.0%^†	0.0%^†
Earnings retention	79.6%^†	79.2%^†	85.9%^†	100.0%^†	100.0%^†
Current ratio	1.61x	1.42x	—	—	—
Quick ratio	1.56x	1.37x	—	—	—
Debt to equity	0.09x	0.07x	—	—	—
Return on equity	8.0%	8.5%	—	—	—
Return on assets	6.6%	7.0%	—	—	—
Return on capital employed	9.4%^†	10.6%^†	—	—	—
Asset turnover	0.26x	0.27x	—	—	—

Margins and asset turnover use operating revenue (interest earned for banks, excluding other income), not total income. Liquidity, leverage and return ratios need a filed standalone balance sheet, which exists only for recent years; returns use year-end equity/assets. Dividend payout is shown only for companies with a dividend record. † = built from a summed fiscal year.

Revenue Mix

Data unavailable.

Cash Flow

Year ended	Operating (₹ Cr)	Investing (₹ Cr)	Financing (₹ Cr)	Capex (₹ Cr)	Free Cash Flow (₹ Cr)
March 31, 2026	503	-426	39	353	151
March 31, 2025	598	-873	-29	257	342
March 31, 2024	613	-806	-246	461	152
March 31, 2023	696	-843	-54	120	576
March 31, 2022	425	-733	-75	367	58

Balance Sheet (standalone)

Year ended	Total Assets (₹ Cr)	Total Equity (₹ Cr)	Reserves (₹ Cr)	Borrowings, Current (₹ Cr)	Borrowings, Non-current (₹ Cr)	Current Assets (₹ Cr)	Current Liabilities (₹ Cr)	Cash & Equivalents (₹ Cr)	Net Block (₹ Cr)	Inventory (₹ Cr)
March 31, 2026	10,890	8,941	7,967	112	713	1,071	667	532	1,426	31
March 31, 2025	9,967	8,289	7,317	42	570	828	583	416	1,353	30
March 31, 2024	—	—	—	—	—	—	—	—	—	—
March 31, 2023	—	—	—	—	—	—	—	—	—	—
March 31, 2022	—	—	—	—	—	—	—	—	—	—

Financial charts

Trend charts drawn from the standalone income-statement and ratio tables above (oldest year on the left); a gap means that period has no figure. Annual years marked † in the tables are derived from four quarters.