Max Healthcare Institute Ltd

Max Healthcare Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Max Healthcare Institute Ltd

₹ 1,156 0.05%
10 Oct - close price
maxhealthcare.in BSE: 543220 NSE: MAXHEALTH
About

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]

Key Points

Leadership
The company is India’s 2nd largest hospital chain in terms of hospital revenue, EBITDA, and market capitalization. [1]

Website BSE NSE
  • Market Cap ₹ 1,12,429 Cr.
  • Current Price ₹ 1,156
  • High / Low ₹ 1,314 / 889
  • Stock P/E 93.7
  • Book Value ₹ 96.5
  • Dividend Yield 0.13 %
  • ROCE 14.9 %
  • ROE 12.7 %
  • Face Value ₹ 10.0
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Pros

  • Company is expected to give good quarter
  • Company has delivered good profit growth of 80.5% CAGR over last 5 years

Cons

  • Stock is trading at 12.0 times its book value
  • Company has a low return on equity of 13.9% over last 3 years.
  • Company might be capitalizing the interest cost
  • Promoter holding has decreased over last 3 years: -26.9%

* 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 Nifty 50 BSE 500 BSE Healthcare BSE 100 BSE 200

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025
1,067 1,137 1,142 1,215 1,285 1,363 1,335 1,423 1,543 1,707 1,868 1,910 2,028
802 818 828 874 948 976 949 1,041 1,156 1,257 1,369 1,398 1,505
Operating Profit 265 319 314 340 337 387 386 382 387 451 499 512 523
OPM % 25% 28% 28% 28% 26% 28% 29% 27% 25% 26% 27% 27% 26%
31 26 45 40 41 45 46 45 35 41 -40 47 37
Interest 22 22 20 20 19 9 11 21 24 34 52 55 55
Depreciation 57 58 57 60 56 58 61 70 77 84 98 101 104
Profit before tax 216 265 281 301 303 366 360 336 321 374 309 402 400
Tax % 20% -72% 21% 17% 21% 24% 20% 25% 26% 25% 23% 21% 23%
173 457 222 251 240 277 289 252 236 282 239 319 308
EPS in Rs 1.78 4.72 2.29 2.58 2.47 2.85 2.98 2.59 2.43 2.90 2.46 3.28 3.17
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
1,608 1,729 1,691 1,059 2,505 3,931 4,563 5,406 7,028 7,513
1,467 1,616 1,535 965 2,101 2,986 3,322 3,914 5,180 5,529
Operating Profit 141 113 156 94 404 946 1,241 1,492 1,849 1,984
OPM % 9% 7% 9% 9% 16% 24% 27% 28% 26% 26%
59 65 56 48 -119 115 139 178 82 84
Interest 100 99 101 83 179 101 84 60 165 196
Depreciation 96 94 103 46 174 221 232 245 359 387
Profit before tax 5 -15 8 13 -69 739 1,064 1,365 1,406 1,485
Tax % -236% 65% 102% -1% 67% 18% -4% 23% 24%
16 -25 -0 59 -138 605 1,104 1,058 1,076 1,148
EPS in Rs 0.29 -0.47 -0.06 1.10 -1.42 6.24 11.37 10.88 11.07 11.81
Dividend Payout % 0% 0% 0% 0% 0% 0% 9% 14% 14%
Compounded Sales Growth
10 Years: %
5 Years: 46%
3 Years: 21%
TTM: 33%
Compounded Profit Growth
10 Years: %
5 Years: 81%
3 Years: 23%
TTM: 14%
Stock Price CAGR
10 Years: %
5 Years: 59%
3 Years: 39%
1 Year: 23%
Return on Equity
10 Years: %
5 Years: 12%
3 Years: 14%
Last Year: 13%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 537 537 537 537 966 970 971 972 972
Reserves 655 627 426 2,016 4,673 5,313 6,439 7,436 8,409
874 981 1,003 875 1,101 913 689 1,299 3,010
1,080 1,157 1,389 546 1,803 1,993 2,003 2,293 2,795
Total Liabilities 3,146 3,302 3,355 3,974 8,543 9,189 10,102 12,000 15,186
2,244 2,227 2,192 851 6,536 7,018 7,039 8,784 11,502
CWIP 46 38 87 28 27 151 252 553 901
Investments 0 0 1 2,182 1 1 1 2 3
856 1,036 1,075 913 1,980 2,020 2,810 2,661 2,781
Total Assets 3,146 3,302 3,355 3,974 8,543 9,189 10,102 12,000 15,186

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
156 166 89 77 118 748 1,284 1,122 1,459
-104 -124 -17 -2,641 206 -772 -102 -1,253 -1,614
-48 -48 -74 2,353 191 -294 -289 -264 -164
Net Cash Flow 4 -6 -2 -210 516 -317 893 -394 -319

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 53 59 78 33 53 36 27 31 36
Inventory Days 20 24 26 43 34 24 30 26 26
Days Payable 184 227 292 286 274 177 215 221 200
Cash Conversion Cycle -111 -144 -188 -210 -187 -117 -158 -164 -138
Working Capital Days -12 -24 -152 -137 -44 -24 -46 -43 -47
ROCE % 4% 6% 4% 7% 12% 15% 16% 15%

Shareholding Pattern

Numbers in percentages

4 Recently
Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025
23.80% 23.78% 23.77% 23.76% 23.76% 23.75% 23.75% 23.74% 23.74% 23.74% 23.74% 23.74%
49.27% 50.15% 51.96% 59.89% 60.39% 60.69% 57.33% 56.99% 57.29% 56.93% 54.74% 54.76%
21.16% 20.47% 19.36% 11.90% 11.40% 11.55% 14.96% 15.36% 15.14% 15.55% 17.59% 17.41%
5.76% 5.61% 4.92% 4.45% 4.45% 3.99% 3.97% 3.91% 3.84% 3.77% 3.94% 4.09%
No. of Shareholders 1,01,6591,11,7011,04,6561,11,3741,18,6351,11,3381,27,0091,36,2541,37,8561,40,0281,51,6331,62,119

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

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