Max Healthcare Institute Limited MAXHEALTH NSEAIPHARMA
Company Overview
Max Healthcare Institute Limited provides medical and healthcare services in India. It offers services in various specialties, including cardiac sciences, orthopedics, oncology, renal sciences, neurosciences, minimal access and general surgery, pulmonology, obstetrics, gynecology, pediatrics, and nephrology, liver and biliary sciences, gastroenterology and Gi surgery, Internal Medicine, plastic and reconstructive surgery, and organ transplants, as well as ear, nose, and throat. The company also provides Max@Home, a platform that offers health and wellness services at home; and MaxLab, which provides diagnostic testing services to patients. In addition, it provides organ and tissue donation, preventive health checks, ambulance services, immigration services, air ambulance, and insurance and TPA services. The company operates through a network of healthcare facilities, including hospitals and medical centres. The company was incorporated in 2001 and is based in Gurugram, India.
Why Investors Should Care
Revenue has grown at a 22.4% CAGR over the past five years.
Maintains a net profit margin of 17.5%.
Carries low leverage with a debt-to-equity ratio of 0.32.
Generates positive free cash flow, funding growth and shareholder returns internally.
Recent Developments
- Mar 2026 Revenue of ₹8,225.43 Cr (+19.0% YoY); net profit ₹1,442.41 Cr.
- Trailing 12 Months Year-on-year growth — revenue +19.0%, earnings +34.1%.
- 5-Year Trend Long-term compounding — revenue CAGR 22.4%, profit CAGR 9.3%.
Growth & Price Performance
Compounded Sales Growth
| 5 Years: | 22.37% |
| 1 Year: | 19.03% |
Compounded Profit Growth
| 5 Years: | 9.34% |
| 1 Year: | 34.07% |
Stock Price Performance
| 1 Year: | -12.04% |
| 6 Months: | +8.61% |
| 3 Months: | +9.26% |
| 1 Month: | +7.50% |
Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.
Max Healthcare uses AI in radiology, ICU early-warning, and hospital workflow optimisation across its 17+ hospital network.
- Clinical AI & diagnostics Max Healthcare adopts AI-assisted imaging, diagnostics and clinical-decision tools to scale specialist care across its hospital network.
- AI in hospital operations Predictive analytics for bed management, demand and throughput improve asset utilisation in a capacity-constrained system.
- Digital patient experience AI-enabled triage, appointment and care-pathway tools improve patient access and engagement.
- AI supports both clinical quality and asset utilisation in a fast-growing hospital chain.
- Strong growth (~27% five-year revenue CAGR) and healthy margins.
- Defensive healthcare demand with capacity-led expansion runway.
- Premium P/E ~66 reflects growth and scarcity of quality hospital assets.
Curated from public filings and analyst commentary; figures are illustrative.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth Charts
No fundamental data available for this stock.
Interactive charts for Revenue, Net Income, EBITDA, Free Cash Flow, EPS, ROE, ROCE, Gross/Net/Operating Margin and more — switch metric and period using the dropdowns above. CAGR is computed across the displayed window (quarterly CAGR is annualised). Visual growth charts make it easy to spot multi-year compounding trends at a glance — far faster than reading raw numbers in a table.
PROS
- Compounding revenue at 22.4% over 5 years.
- Generates positive free cash flow.
CONS
- Trading at a high P/E of 99.8.
- In a downtrend (50-DMA below 200-DMA).
* The pros and cons are auto-generated from financial metrics.
Valuation
Growth (CAGR)
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Peer comparison
Peer companies in the same sector (Healthcare).
| # | Name | CMP ₹ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | MAXHEALTH Max Healthcare Institute Limited NSEAIPHARMA | 1,099.00 | 99.82 | ₹1.07 L Cr | 0.18% | 12.57% | 13.42% | 22.37% | 9.34% |
| 2 | SUNPHARMA Sun Pharmaceutical Industries Limited NIFTY50NSEAIPHARMA | 1,948.80 | 40.77 | ₹4.68 L Cr | 0.83% | 17.94% | 13.74% | 10.39% | 10.65% |
| 3 | DIVISLAB Divi's Laboratories Limited NSEPHARMA | 7,315.50 | 75.61 | ₹1.94 L Cr | 0.44% | 18.96% | 15.32% | 11.27% | 12.08% |
| 4 | TORNTPHARM Torrent Pharmaceuticals Limited NSEPHARMA | 4,952.20 | 87.70 | ₹1.68 L Cr | 0.78% | 9.05% | 25.79% | 13.27% | 20.22% |
| 5 | APOLLOHOSP Apollo Hospitals Enterprise Limited NIFTY50NSEAIPHARMA | 8,981.00 | 66.51 | ₹1.29 L Cr | 0.23% | 19.79% | 20.48% | 15.33% | 33.34% |
| 6 | CIPLA Cipla Limited NIFTY50NSEAIPHARMA | 1,440.10 | 22.07 | ₹1.16 L Cr | 0.90% | 14.86% | 11.27% | 7.23% | 11.45% |
| 7 | ZYDUSLIFE Zydus Lifesciences Limited NSEPHARMA | 1,137.40 | 22.71 | ₹1.14 L Cr | 0.09% | 19.04% | 18.59% | 16.55% | 36.99% |
| 8 | LUPIN Lupin Limited NIFTY_MIDNSEPHARMA | 2,494.30 | 21.42 | ₹1.14 L Cr | 0.72% | 28.42% | 23.76% | 19.10% | 131.46% |
| 9 | MANKIND Mankind Pharma Limited NIFTY_MIDNSEPHARMA | 2,562.00 | 55.36 | ₹1.06 L Cr | 0.08% | 13.75% | 11.74% | 17.73% | 14.28% |
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios
Quarterly Results
Figures in INR.
| Metric | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1,215.00 Cr | 1,285.00 Cr | 1,363.00 Cr | 1,335.00 Cr | 1,423.00 Cr | 1,543.00 Cr | 1,707.00 Cr | - | 1,909.74 Cr | 2,027.57 Cr | 2,135.47 Cr | 2,067.52 Cr | 2,142.89 Cr |
| Cost of Revenue | - | - | - | - | - | - | - | - | 409.43 Cr | 445.24 Cr | 464.89 Cr | 440.35 Cr | 439.54 Cr |
| Gross Profit | - | - | - | - | - | - | - | - | 1,500.31 Cr | 1,582.33 Cr | 1,670.58 Cr | 1,627.17 Cr | 1,703.35 Cr |
| Operating Expenses | 874.00 Cr | 948.00 Cr | 976.00 Cr | 949.00 Cr | 1,041.00 Cr | 1,156.00 Cr | 1,257.00 Cr | - | 1,089.52 Cr | 1,163.56 Cr | 1,203.53 Cr | 1,200.10 Cr | 1,219.94 Cr |
| Operating Income | 280.00 Cr | 281.00 Cr | 329.00 Cr | 325.00 Cr | 312.00 Cr | 310.00 Cr | 367.00 Cr | - | 410.79 Cr | 418.77 Cr | 467.05 Cr | 427.07 Cr | 483.41 Cr |
| EBITDA | 340.00 Cr | 337.00 Cr | 387.00 Cr | 386.00 Cr | 382.00 Cr | 387.00 Cr | 451.00 Cr | - | 558.54 Cr | 559.42 Cr | 608.05 Cr | 535.48 Cr | 654.26 Cr |
| Interest Expense | 20.00 Cr | 19.00 Cr | 9.00 Cr | 11.00 Cr | 21.00 Cr | 24.00 Cr | 34.00 Cr | - | 55.21 Cr | 54.85 Cr | 53.92 Cr | 59.67 Cr | 66.66 Cr |
| Pretax Income | 301.00 Cr | 303.00 Cr | 366.00 Cr | 360.00 Cr | 336.00 Cr | 321.00 Cr | 374.00 Cr | - | 402.50 Cr | 400.43 Cr | 446.03 Cr | 364.54 Cr | 464.58 Cr |
| Tax Provision | 51.17 Cr | 63.63 Cr | 87.84 Cr | 72.00 Cr | 84.00 Cr | 83.46 Cr | 93.50 Cr | - | 83.50 Cr | 92.46 Cr | -45.27 Cr | 63.62 Cr | 122.36 Cr |
| Net Income | 251.00 Cr | 240.00 Cr | 277.00 Cr | 289.00 Cr | 252.00 Cr | 236.00 Cr | 282.00 Cr | - | 319.00 Cr | 307.97 Cr | 491.30 Cr | 300.92 Cr | 342.22 Cr |
| Diluted EPS | 2.58 | 2.47 | 2.85 | 2.98 | 2.59 | 2.43 | 2.90 | - | 3.26 | 3.15 | 5.02 | 3.09 | 3.50 |
Profit & Loss (Annual)
Figures in INR.
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1,608.00 Cr | 1,729.00 Cr | 1,691.00 Cr | 1,059.00 Cr | 2,508.00 Cr | - | 4,488.95 Cr | 5,309.48 Cr | 6,910.36 Cr | 8,225.43 Cr |
| Cost of Revenue | - | - | - | - | - | - | 921.10 Cr | 1,117.95 Cr | 1,476.89 Cr | 1,789.91 Cr |
| Gross Profit | - | - | - | - | - | - | 3,567.85 Cr | 4,191.53 Cr | 5,433.47 Cr | 6,435.52 Cr |
| Operating Expenses | 1,467.00 Cr | 1,616.00 Cr | 1,535.00 Cr | 965.00 Cr | 2,101.00 Cr | - | 2,522.61 Cr | 2,906.96 Cr | 3,857.22 Cr | 4,558.18 Cr |
| Operating Income | 45.00 Cr | 19.00 Cr | 53.00 Cr | 48.00 Cr | 233.00 Cr | - | 1,045.24 Cr | 1,284.57 Cr | 1,576.25 Cr | 1,877.34 Cr |
| EBITDA | 141.00 Cr | 113.00 Cr | 156.00 Cr | 94.00 Cr | 407.00 Cr | - | 1,367.23 Cr | 1,654.86 Cr | 1,914.54 Cr | 2,337.15 Cr |
| Interest Expense | 100.00 Cr | 99.00 Cr | 101.00 Cr | 83.00 Cr | 179.00 Cr | - | 71.32 Cr | 44.56 Cr | 148.75 Cr | 215.04 Cr |
| Pretax Income | 5.00 Cr | -15.00 Cr | 8.00 Cr | 13.00 Cr | -69.00 Cr | - | 1,063.72 Cr | 1,365.32 Cr | 1,406.37 Cr | 1,675.58 Cr |
| Tax Provision | -11.80 Cr | -9.75 Cr | 8.16 Cr | -13.00 L | -46.23 Cr | - | -39.79 Cr | 307.68 Cr | 330.49 Cr | 233.17 Cr |
| Net Income | 16.00 Cr | -25.00 Cr | -0 | 59.00 Cr | -138.00 Cr | - | 1,103.51 Cr | 1,057.64 Cr | 1,075.88 Cr | 1,442.41 Cr |
| Diluted EPS | 0.29 | -0.47 | -0.06 | 1.10 | -1.42 | 6.24 | 11.36 | 10.84 | 11.01 | - |
Balance Sheet (Annual)
Figures in INR.
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | 3,146.00 Cr | 3,302.00 Cr | 3,355.00 Cr | 3,974.00 Cr | 8,543.00 Cr | - | 10,101.85 Cr | 11,999.94 Cr | 15,214.48 Cr | 17,230.94 Cr |
| Current Assets | - | - | - | - | - | - | 1,943.07 Cr | 1,706.18 Cr | 1,592.57 Cr | 1,944.79 Cr |
| Cash & Equivalents | - | - | - | - | - | - | 1,374.33 Cr | 979.84 Cr | 661.58 Cr | 665.80 Cr |
| Inventory | - | - | - | - | - | - | 76.23 Cr | 79.84 Cr | 106.21 Cr | 114.28 Cr |
| Receivables | - | - | - | - | - | - | 336.12 Cr | 462.69 Cr | 687.31 Cr | 969.75 Cr |
| Total Liabilities | - | - | - | - | - | - | 2,692.26 Cr | 3,591.80 Cr | 5,833.61 Cr | 6,484.31 Cr |
| Current Liabilities | - | - | - | - | - | - | 1,045.57 Cr | 1,248.71 Cr | 1,806.17 Cr | 2,186.94 Cr |
| Long Term Debt | - | - | - | - | - | - | 496.58 Cr | 1,056.44 Cr | 2,270.06 Cr | 2,438.66 Cr |
| Total Debt | 874.00 Cr | 981.00 Cr | 1,003.00 Cr | 875.00 Cr | 1,101.00 Cr | - | 908.25 Cr | 1,294.56 Cr | 3,010.29 Cr | 3,478.36 Cr |
| Total Equity | 1,192.00 Cr | 1,164.00 Cr | 963.00 Cr | 2,553.00 Cr | 5,639.00 Cr | - | 7,409.59 Cr | 8,408.14 Cr | 9,380.87 Cr | 10,746.63 Cr |
| Shares Outstanding | - | - | - | - | - | - | 97.09 Cr | 97.19 Cr | 97.21 Cr | 97.31 Cr |
Cash Flows (Annual)
Figures in INR.
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 156.00 Cr | 166.00 Cr | 89.00 Cr | 77.00 Cr | 118.00 Cr | - | 1,284.13 Cr | 1,121.67 Cr | 1,437.96 Cr | 1,633.32 Cr |
| Investing Cash Flow | -104.00 Cr | -124.00 Cr | -17.00 Cr | -2,641.00 Cr | 206.00 Cr | - | -102.32 Cr | -1,285.45 Cr | -1,610.69 Cr | -1,688.99 Cr |
| Financing Cash Flow | -48.00 Cr | -48.00 Cr | -74.00 Cr | 2,353.00 Cr | 191.00 Cr | - | -288.56 Cr | -263.74 Cr | -163.16 Cr | 59.27 Cr |
| Capital Expenditure | -115.00 Cr | -66.00 Cr | -116.00 Cr | -90.00 Cr | -117.00 Cr | - | -335.61 Cr | -785.95 Cr | -944.48 Cr | -1,484.53 Cr |
| Free Cash Flow | 41.00 Cr | 100.00 Cr | -27.00 Cr | -13.00 Cr | 1.00 Cr | - | 948.52 Cr | 335.72 Cr | 493.48 Cr | 148.79 Cr |
| Net Change in Cash | 4.00 Cr | -6.00 Cr | -2.00 Cr | -210.00 Cr | 516.00 Cr | - | 893.25 Cr | -427.52 Cr | -335.89 Cr | 3.60 Cr |
Ratios (Annual)
Figures in %.
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin % | - | - | - | - | - | - | 79.5% | 78.9% | 78.6% | 78.2% |
| Operating Margin % | 2.8% | 1.1% | 3.1% | 4.5% | 9.3% | - | 23.3% | 24.2% | 22.8% | 22.8% |
| Net Margin % | 1.0% | -1.4% | -0.0% | 5.6% | -5.5% | - | 24.6% | 19.9% | 15.6% | 17.5% |
| ROE % | 1.3% | -2.1% | -0.0% | 2.3% | -2.4% | - | 14.9% | 12.6% | 11.5% | 13.4% |
| ROCE % | - | - | - | - | - | - | 11.5% | 11.9% | 11.8% | 12.5% |
Shareholding Pattern
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
Latest News
Recent headlines for MAXHEALTH
Three Days Left Until Max Healthcare Institute Limited (NSE:MAXHEALTH) Trades Ex-Dividend - simplywall.st
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MAXHEALTH — Frequently Asked Questions
What is the current share price of Max Healthcare Institute Limited (MAXHEALTH)?
As of 2026-07-15 09:52 IST, Max Healthcare Institute Limited (MAXHEALTH) trades at ₹1,099.00 on NSE. Its 52-week range is ₹929.95 to ₹1,278.23.
What is the market capitalisation of MAXHEALTH?
Max Healthcare Institute Limited (MAXHEALTH) has a market capitalisation of ₹1.07 L Cr on NSE.
What is the P/E ratio of MAXHEALTH?
MAXHEALTH trades at a trailing price-to-earnings (P/E) ratio of 99.82. The industry average P/E is 39.97. Its price-to-book (P/B) ratio is 10.01.
Does MAXHEALTH pay a dividend?
Max Healthcare Institute Limited (MAXHEALTH) currently offers a dividend yield of 0.18%.
What is the return on equity (ROE) of MAXHEALTH?
MAXHEALTH has a return on equity (ROE) of 13.42%. Its return on capital employed (ROCE) is 12.57%.
Is MAXHEALTH a good stock to buy?
This page provides a data-driven analysis of Max Healthcare Institute Limited (MAXHEALTH), including valuation ratios, profitability, growth trends, auto-generated pros and cons, peer comparison and AI exposure. Review these fundamentals alongside your own research and risk tolerance. This is informational content, not investment advice.