Max Healthcare Institute Ltd
Max Healthcare Institute Limited is primarily engaged in the providing healthcare services through primary care clinics, multi-speciality hospitals / medical centres and super-speciality hospitals providing operation and management, medical services, clinical, radiology, pathology services and related healthcare services. [1]
- Market Cap ₹ 78,064 Cr.
- Current Price ₹ 803
- High / Low ₹ 910 / 460
- Stock P/E 137
- Book Value ₹ 72.5
- Dividend Yield 0.12 %
- ROCE 8.51 %
- ROE 10.4 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company has delivered good profit growth of 93.7% CAGR over last 5 years
- Debtor days have improved from 63.8 to 26.9 days.
Cons
- Stock is trading at 11.1 times its book value
- Company has a low return on equity of 6.33% over last 3 years.
- Promoter holding has decreased over last 3 years: -46.7%
* 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
Sector: Healthcare Industry: Healthcare
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|
591 | 790 | 912 | 984 | 1,059 | 1,008 | 59 | 1,031 | 1,775 | 1,905 | 2,239 | |
615 | 768 | 890 | 941 | 1,048 | 976 | 65 | 870 | 1,332 | 1,321 | 1,522 | |
Operating Profit | -24 | 22 | 22 | 43 | 11 | 31 | -6 | 161 | 443 | 584 | 716 |
OPM % | -4% | 3% | 2% | 4% | 1% | 3% | -10% | 16% | 25% | 31% | 32% |
39 | 33 | 35 | 30 | 51 | 47 | 66 | -104 | 128 | 144 | 174 | |
Interest | 42 | 43 | 30 | 35 | 41 | 44 | 60 | 112 | 59 | 52 | 50 |
Depreciation | 31 | 49 | 50 | 51 | 49 | 53 | 3 | 91 | 112 | 113 | 115 |
Profit before tax | -58 | -38 | -24 | -13 | -28 | -18 | -3 | -146 | 400 | 563 | 725 |
Tax % | 0% | 0% | 0% | 0% | 0% | -26% | 5% | -12% | 17% | -23% | |
-58 | -38 | -24 | -13 | -28 | -23 | -3 | -164 | 332 | 694 | 572 | |
EPS in Rs | -1.46 | -0.78 | -0.44 | -0.24 | -0.51 | -0.43 | -0.06 | -1.70 | 3.42 | 7.15 | 5.89 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 14% |
Compounded Sales Growth | |
---|---|
10 Years: | 12% |
5 Years: | 12% |
3 Years: | 218% |
TTM: | 25% |
Compounded Profit Growth | |
---|---|
10 Years: | 30% |
5 Years: | 94% |
3 Years: | 518% |
TTM: | -10% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 53% |
1 Year: | 75% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 5% |
3 Years: | 6% |
Last Year: | 10% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 395 | 489 | 533 | 537 | 537 | 537 | 537 | 966 | 970 | 971 |
Reserves | 167 | 523 | 762 | 770 | 773 | 749 | 2,338 | 4,973 | 5,342 | 6,071 |
Preference Capital | 125 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
380 | 296 | 273 | 314 | 386 | 390 | 658 | 480 | 556 | 534 | |
348 | 141 | 171 | 210 | 278 | 274 | 20 | 724 | 945 | 845 | |
Total Liabilities | 1,290 | 1,449 | 1,740 | 1,832 | 1,973 | 1,951 | 3,553 | 7,143 | 7,812 | 8,420 |
468 | 430 | 424 | 429 | 502 | 479 | 90 | 2,989 | 4,493 | 4,485 | |
CWIP | 10 | 15 | 6 | 30 | 7 | 10 | 0 | 8 | 60 | 103 |
Investments | 238 | 451 | 840 | 866 | 799 | 770 | 2,471 | 2,379 | 1,447 | 1,475 |
574 | 554 | 469 | 508 | 665 | 693 | 992 | 1,766 | 1,811 | 2,358 | |
Total Assets | 1,290 | 1,449 | 1,740 | 1,832 | 1,973 | 1,951 | 3,553 | 7,143 | 7,812 | 8,420 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|
39 | 64 | 33 | 52 | -19 | -36 | 224 | 447 | 696 | ||
-200 | -330 | -66 | -89 | 55 | -2,536 | -105 | -670 | -843 | ||
176 | 251 | 34 | 36 | -36 | 2,332 | 412 | -161 | -54 | ||
Net Cash Flow | 15 | -16 | 0 | -0 | -0 | -240 | 532 | -384 | -201 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 97 | 67 | 48 | 55 | 68 | 103 | 517 | 109 | 56 | 27 |
Inventory Days | 18 | 20 | 18 | 19 | 22 | 25 | 33 | 20 | 31 | |
Days Payable | 158 | 171 | 183 | 206 | 250 | 335 | 297 | 159 | 226 | |
Cash Conversion Cycle | -42 | -85 | -117 | -132 | -161 | -206 | 517 | -155 | -83 | -169 |
Working Capital Days | 27 | 3 | 2 | 4 | -4 | 32 | 3,558 | 35 | 12 | -39 |
ROCE % | 0% | 1% | 1% | 2% | 2% | 4% | 7% | 9% |
Documents
Announcements
- Hon'Ble National Company Law Tribunal Order For Voluntary Liquidation Of Saket City Hospitals Limited 1d
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Announcement under Regulation 30 (LODR)-Updates on Acquisition
22 Apr - On acquisition of additional equity stake in Sandhya Hydro Power Projects Balargha Private Limited
- Disclosure Under Regulation 30 Of The SEBI (LODR) Regulations, 2015 19 Apr
- Disclosure Under Regulation 30 Of The SEBI (LODR) Regulations, 2015 16 Apr
- Certificate Under Regulation 40(9) Of The SEBI (LODR) Regulations, 2015 10 Apr
Annual reports
Concalls
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Leadership[1]
Max Healthcare is India’s second largest hospital chain in terms of revenue, EBITDA and market capitalisation.