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Max Healthcare Institute Limited

Max Healthcare Institute Limited

MAXHEALTH Share Price

NSE
1,052.001.45% (+15.00)
High
Low
Returns
1D
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5Y
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1D
1W
1M
1Y
5Y
Max
SIP

With a market cap of ₹1,00,932 cr, stock is ranked 113

Stock is 1.99x as volatile as Nifty

MAXHEALTH Stock Scorecard

Performance

Avg

Price return has been average, nothing exciting

Valuation

High

Seems to be overvalued vs the market average

Growth

Low

Lagging behind the market in financials growth

Profitability

High

Showing good signs of profitability & efficiency

Entry point

Good

The stock is underpriced and is not in the overbought zone

Red flags

Low

No red flag found

How to use scorecard? Learn more

With a market cap of ₹1,00,932 cr, stock is ranked 113

Stock is 1.99x as volatile as Nifty

MAXHEALTH Performance & Key Metrics

MAXHEALTH Performance & Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
69.269.390.19%
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
46.795.870.48%

MAXHEALTH Analyst Ratings & Forecast

Detailed Forecast Detailed Forecast 
83%
Analysts have suggested that investors can buy this stock

from 24 analysts

Price Upside

Earnings Growth

Rev. Growth

See Detailed Forecast

MAXHEALTH Company Profile

Max Healthcare is provider of home health care services including Patient Care, Healthcare Services, and Hospitals.

Investor Presentation

View older View older 

Aug 17, 2026

PDF
View Older Presentations

MAXHEALTH Similar Stocks (Peers)

Compare with peers Compare with peers 

MAXHEALTH Similar Stocks (Peers)

Compare with peers Compare with peers 
PE Ratio
64.93
64.93
1Y Return
11.55%
11.55%
Buy Reco %
86.67
86.67
PE Ratio
106.36
106.36
1Y Return
8.40%
8.40%
Buy Reco %
62.50
62.50
PE Ratio
64.21
64.21
1Y Return
7.58%
7.58%
Buy Reco %
90.00
90.00
PE Ratio
170.82
170.82
1Y Return
24.06%
24.06%
Buy Reco %
90.91
90.91
PE Ratio
68.74
68.74
1Y Return
3.45%
3.45%
Buy Reco %
89.47
89.47
Compare with Peers

MAXHEALTH Sentiment Analysis

MAXHEALTH Sentiment Analysis

New
Crisp summary & key insights to decode earnings calls instantly

MAXHEALTH Stock Summary · August 2026

Management described a quarter of strong top-line growth, steady operating performance and an active multi-year expansion plan, while also acknowledging near-term margin and cash flow pressure from new investments and collections delays. Revenue rose 16% year on year to INR 2,982 crore and operating EBITDA increased 15%, with occupancy still above 75% even after a 13% increase in bed capacity and EBITDA margin holding at 24.8%. Management emphasised brownfield-led growth, noting that new beds at Max Smart and Nanavati are ramping, while additional projects at Vaishali, Nanavati and Pune are moving toward commissioning by FY30. They also highlighted Kalinga’s turnaround potential, a more disciplined reduction in unprofitable institutional business, and modest pricing support from insurance renewals. At the same time, free cash flow conversion fell to about 56% as receivables climbed and leverage rose modestly, though still below 1x net debt-to-EBITDA. Near term, management expects oncology pressure to normalize from Q3 FY26 and be fully normalized by Q4, with profitability improving as newly added capacity fills.

MAXHEALTH Stock Growth Drivers
MAXHEALTH Stock Growth Drivers
9
  • Network Growth and Operating Momentum

    The company delivered strong core operating performance, with revenue up 16% year on year and

  • Capacity Expansion and Project Execution

    The company is executing a multi-year bed expansion pipeline with visible progress across several projects.

MAXHEALTH Stock Challenges
MAXHEALTH Stock Challenges
7
  • Temporary Margin Compression From Expansion And Acquisition Costs

    Operating profitability has weakened sequentially as newly commissioned brownfield capacity and the Kalinga Hospital acquisition

  • Attrition Risk From Slower Career Progression

    Management highlighted that growth is needed to create advancement opportunities for clinicians and management, implying

MAXHEALTH Forecast

MAXHEALTH Forecasts

Price

Revenue

Earnings

MAXHEALTH

MAXHEALTH

Income

Balance Sheet

Cash Flow

MAXHEALTH Income Statement

MAXHEALTH Income Statement

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Quartermar 2024jun 2024sep 2024dec 2024mar 2025jun 2025sep 2025dec 2025mar 2026jun 2026
Total Revenue1,468.151,577.631,748.301,901.611,956.662,064.082,168.372,112.902,190.722,406.69
Operating & Other expensessubtract1,041.371,155.541,256.921,442.811,398.121,504.661,560.321,577.421,536.461,767.72
Depreciation/Amortizationsubtract70.3276.9084.1597.54100.83104.14108.10111.27123.02131.66
Interest & Other Itemssubtract20.7323.8833.5452.3955.2154.8553.9259.6766.6671.00
Taxes & Other Itemssubtract84.1985.0491.8870.0783.5092.46-45.2763.62122.36113.35
EPS2.592.432.902.463.283.175.053.103.523.32

MAXHEALTH Company Updates

Annual Report and Investor Presentation updates mentioned here are as reported by the company to the exchange
FY 2027FY 2027

Annual Report Pending

Investor Presentation

Aug 17PDF
FY 2026FY 2026

Annual report

PDF

Investor Presentation

May 26PDF
Feb 20PDF
Feb 7PDF
+3 more
FY 2025FY 2025

Annual report

PDF

Investor Presentation

May 31PDF
FY 2024FY 2024

Annual report

PDF

Investor Presentation

Aug 21PDF
FY 2023FY 2023

Annual report

PDF

Investor Presentation

Feb 2PDF
FY 2022FY 2022

Annual report

PDF
FY 2021FY 2021

Annual report

PDF
FY 2020FY 2020

Annual report

PDF
 

MAXHEALTH Stock Peers

MAXHEALTH Past Performance & Peer Comparison

MAXHEALTH Past Performance & Peer Comparison

Comparing 3 stocks from 
Health CareHospitals & Diagnostic Centres

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StockPE RatioPE RatioPB RatioPB RatioDiv. YieldDividend Yield
Max Healthcare Institute Limited69.979.390.19%
Apollo Hospitals Enterprise Limited64.9312.630.23%
Manipal Health Enterprises Limited106.3610.79
Fortis Healthcare Ltd64.216.580.11%

MAXHEALTH Stock Price Comparison

Compare MAXHEALTH with any stock or ETF
Compare MAXHEALTH with any stock or ETF
MAXHEALTH
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MAXHEALTH Holdings

MAXHEALTH Shareholdings

MAXHEALTH Promoter Holdings Trend

MAXHEALTH Promoter Holdings Trend

Total Promoter Holding
Increasing promoter holding is considered good and reflects management’s positive view about the future outlook

In last 6 months, promoter holding in the company has almost stayed constant

Low Pledged Promoter Holding
Lower pledged promoter holdings is considered better

Pledged promoter holdings is insignificant

MAXHEALTH Institutional Holdings Trend

MAXHEALTH Institutional Holdings Trend

Total Retail Holding
Increasing retail holding can be considered bad as it can reflect that institutions and promoters are selling their stake which is being absorbed by retail investors.

In last 3 months, retail holding in the company has almost stayed constant

Decreased Foreign Institutional Holding
Foreign Institutional Holding is quantum of stock held by foreign large-quantities-trading entities. Increasing value indicates growing support and comfort for the stock

In last 3 months, foreign institutional holding of the company has decreased by 3.61%

Tickertape Separator

MAXHEALTH Shareholding Pattern

MAXHEALTH Shareholding Pattern

Retail and OthersForeign InstitutionsOther Domestic InstitutionsMutual FundsTotal Promoter Holding23.71%18.68%11.28%41.78%4.56%

Sep 2025

Dec 2025

Mar 2026

Jun 2026

MAXHEALTH Shareholding History

MAXHEALTH Shareholding History

MarJunSepDec '25MarJun54.74%54.76%51.80%50.55%45.39%41.78%

Mutual Funds Invested in MAXHEALTH

Mutual Funds Invested in MAXHEALTH

No mutual funds holding trends are available

Top 5 Mutual Funds holding Max Healthcare Institute Limited




Funds (Top 5)Market-cap heldWeight3M holding changePortfolio rank
(3M change)
1.6787%1.49%-0.07%21/88 (-1)
1.0249%6.50%2.20%2/47 (+5)
0.8153%6.64%-1.11%4/46 (-3)

Compare 3-month MF holding change on Screener

MAXHEALTH Insider Trades & Bulk Stock Deals

MAXHEALTH Insider Trades & Bulk Stock Deals

Hmm, looks like there hasn't been any net deal activity in the last 6 months

smallcases containing MAXHEALTH stock

smallcases containing MAXHEALTH stock

Looks like this stock is not in any smallcase yet.

MAXHEALTH Events

MAXHEALTH Events

MAXHEALTH Dividend Trend

No dividend trend available

Dividends

Corp. Actions

Announcements

Legal Orders

MAXHEALTH Dividend Trend

No dividend trend available

MAXHEALTH Upcoming Dividends

MAXHEALTH Upcoming Dividends

No upcoming dividends are available

MAXHEALTH Past Dividends

MAXHEALTH Past Dividends

Cash Dividend

Ex DateEx DateJul 3, 2026

Final
Final | Div/Share: ₹2.00

Dividend/Share

2.00

Ex DateEx Date

Jul 3, 2026

Cash Dividend

Ex DateEx DateJul 4, 2025

Final
Final | Div/Share: ₹1.50

Dividend/Share

1.50

Ex DateEx Date

Jul 4, 2025

Cash Dividend

Ex DateEx DateAug 23, 2024

Final
Final | Div/Share: ₹1.50

Dividend/Share

1.50

Ex DateEx Date

Aug 23, 2024

Cash Dividend

Ex DateEx DateSep 8, 2023

Final
Final | Div/Share: ₹1.00

Dividend/Share

1.00

Ex DateEx Date

Sep 8, 2023

MAXHEALTH Stock News & Opinions

MAXHEALTH Stock News & Opinions

Corporate
Corporate
Max Healthcare’s stake in Kalinga Hospital increases with Rs 87.87 crore rights offering

Max Healthcare Institute Limited announced it received confirmation from Kalinga Hospital Ltd., a subsidiary, of the allotment of 50,21,212 equity shares on a rights basis, representing an infusion of Rs 87.87 crore, increasing Max Healthcare’s shareholding in Kalinga Hospital Ltd. from approximately 58.28% to approximately 66.15%.

1 week agoCapital Market - Live
Corporate
Corporate
Max Healthcare Institute Limited granted equity shares to employees under its 2022 stock option scheme

Max Healthcare Institute Limited announced that its Nomination & Remuneration Committee approved the allotment of 33,765 equity shares with a face value of Rs 10 each to eligible employees under the Max Healthcare Institute Limited - Employee Stock Option Scheme 2022. The allotment, which occurred on September 4, 2026, increased the company’s paid-up equity share capital to Rs 973,31,02,510 and total issued share capital to 97,33,10,251 equity shares.

2 weeks agoCapital Market - Live
Corporate
Corporate
Max Healthcare to invest Rs 87.87 crore in subsidiary Kalinga Hospital for expansion

Max Healthcare Institute Limited announced that its Renewable Energy and Subsidiary Investment Committee approved an additional investment of Rs 87.87 crore by way of subscription to equity shares on a rights basis in Kalinga Hospital Ltd., a subsidiary, to support capital expenditure, modernization, and general corporate requirements, with the transaction expected to be completed within the next 15 days.

2 weeks agoCapital Market - Live
Earnings
Earnings
Max Healthcare Institute Ltd consolidated sales up 10.42% on year in Q2FY2026

Max Healthcare Institute Ltd share price softened by 3.08% to Rs 1008.0 after the company's net profit slipped by 5.63% to Rs 322.96 crore, while revenue from operations gained 10.42% to Rs 2366.17 crore in Q2FY26 over Q1FY26. The market capitalization of Hospital industry group stocks on BSE stood at Rs 5.19 lakh crore, gaining 7.53%. It has eased by 2% over last one week and soared by 26.76% in last one month while the market capitalization of Max Healthcare Institute Ltd has slipped by 6.23% and 4% in the same period respectively. Profit before tax (PBT) of Max Healthcare Institute Ltd stood at Rs 436.31 crore in Q2 FY26, rising 8.96% year-on-year, and declining 6.09% quarter-on-quarter. EBITDA came in at Rs 558 crore, advancing by 14.71% YoY and slipping 0.12% sequentially. Total expenses rose by 14.46% to Rs 1899.38 crore in Q2FY26 over Q2FY25. During the quarter, cost of materials consumed stood at Rs 521.16 crore, surging by 20.27% YoY, while employee benefits expense was at Rs 388.18 crore, witnessing a strong rise of 14.08% YoY. For the TTM ended FY26, revenue from operations rose 19.14% to Rs 8373.45 crore, while net profit jumped 34.07% to Rs 1442.41 crore, compared to previous TTM. EBITDA soared by 177927% to Rs 2080.21 crore, and PBT registered a growth of 19.14% to Rs 1675.58 crore compared to previous TTM. The company's consolidated net cash flow from operating activities stood at Rs 1633.32 crore in FY26, as against Rs 1459.31 crore in FY25. Max Healthcare Institute Ltd tumbled by 20.13% in last one year, underperforming the benchmark BSE Sensex which has softened by 2.83% during the same period.

1 month agoCapital Market - Live
Corporate
Corporate
Max Healthcare Institute Limited’s committee approved allotment of shares to employees under its 2022 scheme

Max Healthcare Institute Limited announced that its Nomination & Remuneration Committee approved the allotment of 3,048 equity shares with a face value of Rs 10 each to eligible employees following the exercise of vested stock options under the Max Healthcare Institute Limited - Employee Stock Option Scheme 2022. Consequently, the company's paid-up equity share capital increased to Rs 973,27,64,860 from Rs 973,27,34,380, with the total number of equity shares outstanding rising to 97,32,76,486.

1 month agoCapital Market - Live
Corporate
Corporate
Max Healthcare to review quarterly financial results at board meeting on August 13

Max Healthcare Institute Limited will hold a board meeting on Thursday, August 13, 2026, to consider and approve unaudited standalone and consolidated financial results for the quarter ended June 30, 2026, according to a regulatory filing. The trading window for securities of the company will remain closed for designated persons and their immediate relatives until 48 hours after the financial results are declared.

1 month agoCapital Market - Live
Corporate
Corporate
Max Healthcare Institute schedules AGM

Max Healthcare Institute announced that the 25th Annual General Meeting(AGM) of the company will be held on 30 July 2026.

2 months agoCapital Market - Live
Corporate
Corporate
Max Healthcare Institute fixes record date for final dividend

Max Healthcare Institute has fixed 03 July 2026 as record date for determining the members entitled to receive the final dividend for the financial year 2025-26, if approved.

2 months agoCapital Market - Live
Corporate
Corporate
Board of Max Healthcare Institute recommends final dividend

Max Healthcare Institute announced that the Board of Directors of the Company at its meeting held on 21 May 2026, inter alia, have recommended the final dividend of Rs 2 per equity Share (i.e. 20%) , subject to the approval of the shareholders.

3 months agoCapital Market - Live
Earnings
Earnings
Max Healthcare Institute consolidated net profit rises 7.28% in the March 2026 quarter

Net profit of Max Healthcare Institute rose 7.28% to Rs 342.22 crore in the quarter ended March 2026 as against Rs 319.00 crore during the previous quarter ended March 2025. Sales rose 12.21% to Rs 2142.89 crore in the quarter ended March 2026 as against Rs 1909.74 crore during the previous quarter ended March 2025. For the full year,net profit rose 34.07% to Rs 1442.41 crore in the year ended March 2026 as against Rs 1075.88 crore during the previous year ended March 2025. Sales rose 19.14% to Rs 8373.45 crore in the year ended March 2026 as against Rs 7028.46 crore during the previous year ended March 2025. ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var. Sales2142.891909.74 12 8373.457028.46 19 OPM %28.3026.79 -26.7926.30 - PBDT587.60503.33 17 2170.351839.42 18 PBT464.58402.50 15 1723.821480.00 16 NP342.22319.00 7 1442.411075.88 34 Powered by Capital Market - Live

3 months agoCapital Market - Live

Frequently asked questions

Frequently asked questions

  1. The share price of MAXHEALTH as on 18th September 2026 is ₹1052. The stock prices are volatile and keep changing through the day depending upon various factors and market conditions.

  2. The past returns of Max Healthcare Institute Limited (MAXHEALTH) share are
    • Past 1 week: -0.30%
    • Past 1 month: 2.91%
    • Past 3 months: 1.06%
    • Past 6 months: 6.21%
    • Past 1 year: -10.12%
    • Past 3 years: 81.15%
    • Past 5 years: 173.43%

  3. The current dividend yield of Max Healthcare Institute Limited (MAXHEALTH) is 0.19.

  4. Market capitalization, short for market cap, is the market value of a publicly traded company's outstanding shares. The market cap of Max Healthcare Institute Limited (MAXHEALTH) is ₹100932.27 Cr as of 18th September 2026.

  5. The 52-week high of Max Healthcare Institute Limited (MAXHEALTH) is ₹1221.90 and the 52-week low is ₹903.

  6. The P/E (price-to-earnings) ratio of Max Healthcare Institute Limited (MAXHEALTH) is 69.97. The P/B (price-to-book) ratio is 9.39.

  7. Max Healthcare Institute Limited (MAXHEALTH) belongs to the Health Care sector & Hospitals & Diagnostic Centres sub-sector.

  8. You can directly buy Max Healthcare Institute Limited (MAXHEALTH) shares on Tickertape. Simply sign up, connect your demat account and place your order.