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 ₹ 94,931 Cr.
- Current Price ₹ 722
- High / Low ₹ 815 / 625
- Stock P/E 107
- Book Value ₹
- Dividend Yield 0.00 %
- ROCE 12.1 %
- ROE 12.7 %
- Face Value ₹ 2.00
Pros
- Company has delivered good profit growth of 76.8% CAGR over last 5 years
Cons
* 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.
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| 1,813 | 3,975 | 4,806 | 6,172 | 8,242 | 10,336 | |
| 1,483 | 3,054 | 3,527 | 4,489 | 6,115 | 7,725 | |
| Operating Profit | 330 | 921 | 1,279 | 1,683 | 2,127 | 2,611 |
| OPM % | 18% | 23% | 27% | 27% | 26% | 25% |
| -47 | 293 | -48 | -86 | 134 | 111 | |
| Interest | 205 | 326 | 329 | 455 | 512 | 864 |
| Depreciation | 183 | 256 | 315 | 397 | 507 | 680 |
| Profit before tax | -105 | 632 | 586 | 745 | 1,242 | 1,178 |
| Tax % | 30% | 14% | 27% | 28% | 13% | 22% |
| -138 | 542 | 429 | 533 | 1,082 | 917 | |
| EPS in Rs | -20.12 | 71.63 | 56.73 | 70.50 | 27.65 | 7.56 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 42% |
| 3 Years: | 29% |
| TTM: | 25% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 77% |
| 3 Years: | 22% |
| TTM: | -10% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 16% |
| 3 Years: | 16% |
| Last Year: | 13% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Equity Capital | 69 | 76 | 76 | 76 | 77 | 236 |
| Reserves | 1,064 | 2,732 | 3,166 | 3,940 | 5,770 | 8,190 |
| 1,575 | 2,017 | 2,184 | 5,130 | 6,385 | 12,863 | |
| 1,316 | 2,521 | 2,337 | 1,612 | 1,658 | 3,446 | |
| Total Liabilities | 4,024 | 7,346 | 7,763 | 10,757 | 13,890 | 24,735 |
| 2,278 | 4,582 | 4,784 | 6,934 | 9,826 | 18,753 | |
| CWIP | 412 | 1,089 | 1,033 | 1,266 | 614 | 795 |
| Investments | 551 | 768 | 1,038 | 1,121 | 1,776 | 2,675 |
| 784 | 907 | 908 | 1,436 | 1,675 | 2,511 | |
| Total Assets | 4,024 | 7,346 | 7,763 | 10,757 | 13,890 | 24,735 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| 426 | 805 | 1,149 | 1,389 | 1,570 | 2,078 | |
| -188 | -1,711 | -994 | -870 | -2,544 | -7,025 | |
| -280 | 941 | -144 | -250 | 904 | 4,954 | |
| Net Cash Flow | -42 | 34 | 12 | 268 | -70 | 8 |
| Free Cash Flow | 334 | 629 | 823 | 1,394 | 520 | 767 |
| CFO/OP | 106% | 98% | 105% | 100% | 87% | 96% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Debtor Days | 26 | 27 | 24 | 27 | 28 | 33 |
| Inventory Days | 20 | 28 | 23 | 30 | 29 | 29 |
| Days Payable | 371 | 246 | 283 | 330 | 245 | 253 |
| Cash Conversion Cycle | -325 | -190 | -236 | -273 | -188 | -190 |
| Working Capital Days | -95 | -113 | -56 | -59 | -40 | -70 |
| ROCE % | 18% | 19% | 19% | 16% | 12% |
Documents
Announcements
-
Intimation Under Regulation 30 Of The SEBI (LODR) Regulations, 2015 ('SEBI Listing Regulations')
- IPO proceeds used to fully redeem subsidiary NCDs of Rs 5,310 crore plus interest and prepayment costs.
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
- Newspaper Advertisement for information regarding the dispatch of the 16th AGM Notice and other related information including e-voting.
- Reg. 34 (1) Annual Report.
-
Communication To The Shareholders On Weblink Of Notice Of 16Th Annual General Meeting And Annual Report For The Financial Year 2025-26.
- 16th AGM on September 29, 2026; annual report and notice web link shared.
- Notice Convening The 16Th Annual General Meeting Along With Annual Report For The Financial Year 2025-26
Concalls
-
Aug 2026Transcript PPT REC
-
Aug 2026TranscriptAI SummaryPPT
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.