Manipal Health Enterprises Ltd
Incorporated in 2010, Manipal Health
Enterprises Limited is a healthcare
service providers, operating a large
network of multi-specialty hospitals,
clinics, and diagnostic centres across
the country.[1]
- Market Cap ₹ 87,971 Cr.
- Current Price ₹ 668
- High / Low ₹ 815 / 625
- Stock P/E 211
- Book Value ₹
- Dividend Yield 0.00 %
- ROCE 8.30 %
- ROE 6.64 %
- Face Value ₹ 2.00
Pros
Cons
- Company has a low return on equity of 8.96% over last 3 years.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Healthcare Healthcare Healthcare Services Hospital
Part of BSE Healthcare BSE IPO Nifty IPO
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| 1,407 | 2,120 | 2,408 | 2,707 | 3,104 | 3,584 | |
| 1,108 | 1,648 | 1,736 | 1,912 | 2,258 | 2,690 | |
| Operating Profit | 299 | 471 | 673 | 795 | 846 | 894 |
| OPM % | 21% | 22% | 28% | 29% | 27% | 25% |
| -16 | 176 | -77 | 18 | 101 | 96 | |
| Interest | 151 | 185 | 172 | 168 | 149 | 203 |
| Depreciation | 128 | 125 | 139 | 139 | 149 | 223 |
| Profit before tax | 4 | 336 | 285 | 505 | 649 | 564 |
| Tax % | 511% | 22% | 32% | 33% | 17% | 24% |
| -16 | 264 | 194 | 336 | 535 | 430 | |
| EPS in Rs | -2.39 | 34.87 | 25.70 | 44.47 | 13.89 | 3.64 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 21% |
| 3 Years: | 14% |
| TTM: | 15% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 25% |
| 3 Years: | 16% |
| TTM: | -17% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 9% |
| 3 Years: | 9% |
| Last Year: | 7% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Equity Capital | 69 | 76 | 76 | 76 | 77 | 236 |
| Reserves | 1,701 | 3,100 | 3,300 | 3,822 | 5,138 | 7,088 |
| 1,073 | 1,199 | 1,301 | 1,642 | 2,516 | 3,166 | |
| 907 | 1,364 | 953 | 675 | 639 | 1,102 | |
| Total Liabilities | 3,749 | 5,738 | 5,629 | 6,215 | 8,369 | 11,591 |
| 1,573 | 1,541 | 1,544 | 1,589 | 2,375 | 5,243 | |
| CWIP | 381 | 388 | 374 | 378 | 583 | 561 |
| Investments | 1,115 | 2,937 | 3,202 | 3,391 | 4,636 | 4,890 |
| 681 | 871 | 509 | 858 | 776 | 897 | |
| Total Assets | 3,749 | 5,738 | 5,629 | 6,215 | 8,369 | 11,591 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| 390 | 375 | 616 | 624 | 644 | 953 | |
| -213 | -1,465 | -511 | -405 | -1,852 | -1,003 | |
| -198 | 1,095 | -97 | -19 | 1,107 | 23 | |
| Net Cash Flow | -21 | 5 | 8 | 199 | -100 | -26 |
| Free Cash Flow | 316 | 308 | 476 | 481 | -59 | 92 |
| CFO/OP | 107% | 91% | 110% | 98% | 94% | 119% |
Ratios
Standalone / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Debtor Days | 22 | 27 | 19 | 18 | 22 | 27 |
| Inventory Days | 16 | 24 | 12 | 21 | 17 | 22 |
| Days Payable | 410 | 245 | 333 | 297 | 247 | 277 |
| Cash Conversion Cycle | -373 | -193 | -302 | -258 | -208 | -228 |
| Working Capital Days | -103 | -170 | -71 | -66 | -55 | -49 |
| ROCE % | 11% | 13% | 14% | 12% | 8% |
Documents
Announcements
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
- Shareholder Meeting / Postal Ballot-Scrutinizer''s Report
-
Summary Of AGM Proceedings
- Manipal Health held its 16th AGM on September 29, 2026; approved financials, auditors, ESOP, and director appointments.
- Shareholder Meeting / Postal Ballot-Outcome of AGM
- Closure of Trading Window
Concalls
-
Aug 2026Transcript PPT REC
-
Aug 2026PPT
Business Profile:[1][2]
Manipal Health Enterprises is one of India's largest private multispecialty hospital chains, providing healthcare services across the entire continuum of care, from outpatient consultations and diagnostics to tertiary and quaternary care, organ transplantation, robotic surgery and complex interventions.