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Max Healthcare Institute Ltd

MAXHEALTH Share Price

1,077.200.62% (-6.70)
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With a market cap of ₹1,05,438 cr, stock is ranked 101

Stock is 2.79x 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

Avg

Financials growth has been moderate for a few years

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 ₹1,05,438 cr, stock is ranked 101

Stock is 2.79x as volatile as Nifty

MAXHEALTH Performance & Key Metrics

MAXHEALTH Performance & Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
77.7011.240.14%
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
36.945.830.58%

MAXHEALTH Analyst Ratings & Forecast

Detailed Forecast Detailed Forecast 
77%
Analysts have suggested that investors can buy this stock

from 22 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 

Nov 19, 2025

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
71.61
71.61
1Y Return
0.43%
0.43%
Buy Reco %
86.21
86.21
PE Ratio
86.64
86.64
1Y Return
24.99%
24.99%
Buy Reco %
75.00
75.00
PE Ratio
49.80
49.80
1Y Return
47.18%
47.18%
Buy Reco %
77.78
77.78
PE Ratio
6.28
6.28
1Y Return
34.87%
34.87%
Buy Reco %
100.00
100.00
PE Ratio
67.00
67.00
1Y Return
3.30%
3.30%
Buy Reco %
64.29
64.29
Compare with Peers

MAXHEALTH Sentiment Analysis

MAXHEALTH Sentiment Analysis

New
Crisp summary & key insights to decode earnings calls instantly

MAXHEALTH Stock Summary · November 2025

Max Healthcare demonstrated robust financial performance in Q2 FY26, achieving a 21% year-on-year revenue growth and a 23% increase in operating EBITDA, despite facing operational challenges such as fluctuating occupancy rates and increased net debt from capacity expansions. The company is strategically focused on enhancing its healthcare infrastructure through brownfield expansions and the commissioning of new facilities, which are expected to improve revenue and operational efficiency. Notably, digital revenue and international patient segments are emerging as significant growth drivers, while the anticipated positive impact from the Central Government Health Scheme is set to bolster future earnings. However, the competitive landscape and the need for effective capacity management remain critical as the company navigates its growth trajectory. Overall, the outlook remains cautiously optimistic, with expectations for improved margins and profitability as new projects stabilize.

MAXHEALTH Stock Growth Drivers
MAXHEALTH Stock Growth Drivers
8
  • Strong Financial Performance

    The company reported a robust financial performance with a 21% year-on-year revenue growth in Q2

  • Operational Expansion and Capacity Enhancement

    The company is actively enhancing its operational capacity through brownfield expansions, with new facilities being

MAXHEALTH Stock Challenges
MAXHEALTH Stock Challenges
6
  • Occupancy Challenges

    The average occupancy for the network has decreased from 79% to 77% year-on-year, indicating a

  • ARPOB Growth Concerns

    There are concerns regarding the growth rate of Average Revenue Per Occupied Bed (ARPOB), which

MAXHEALTH Forecast

MAXHEALTH Forecasts

Price

Revenue

Earnings

MAXHEALTH

MAXHEALTH

Income

Balance Sheet

Cash Flow

MAXHEALTH Income Statement

MAXHEALTH Income Statement

Industry refers to the sub-sector this company belongs to.
Higher than Industry Revenue Growth
A higher-than-industry revenue growth represents increased potential for the company to increase their market share

Over the last 5 years, revenue has grown at a yearly rate of 45.36%, vs industry avg of 13.4%

Increasing Market Share
Market share is the percentage of an industry's total sales going to a particular company. It gives a general idea of the size of a company v/s its competitors

Over the last 5 years, market share increased from 2.66% to 9%

Higher than Industry Net Income
Net income is equal to net earnings (profit) less expenses. This number is an important measure of how profitable the company is

Over the last 5 years, net income has grown at a yearly rate of 78.73%, vs industry avg of 42.46%

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Financial YearFY 2017FY 2018FY 2019FY 2020FY 2021FY 2022FY 2023FY 2024FY 2025TTM
Total Revenue1,667.821,794.471,748.071,107.112,619.414,058.824,970.615,882.277,184.108,090.72
Raw Materialssubtract423.00431.05362.20229.35580.51930.46936.881,119.041,496.415,905.91
Power & Fuel Costsubtract40.9041.3646.0622.7251.3762.6769.0477.54115.03
Employee Costsubtract353.47422.91440.55230.13588.78759.92810.04937.121,179.71
Selling & Administrative Expensessubtract593.95647.99630.23153.00208.86291.42631.33741.49584.80
Operating & Other expensessubtract56.6172.5756.80330.25904.99953.461,143.551,336.891,877.34
Depreciation/Amortizationsubtract95.5194.42102.6445.64174.09221.12232.19244.98359.42410.61
Interest & Other Itemssubtract99.6899.37101.2783.24179.46100.8783.8659.89165.02216.37
Taxes & Other Itemssubtract-11.099.9511.33-46.2168.90133.85-39.79307.68330.49200.76
EPS0.29-0.47-0.061.10-1.836.2511.3710.8911.0713.96
DPS0.000.000.000.000.000.001.001.501.501.50
Payout ratio0.000.000.000.000.000.000.090.140.140.11

MAXHEALTH Company Updates

Annual Report and Investor Presentation updates mentioned here are as reported by the company to the exchange
FY 2026FY 2026

Annual Report Pending

Investor Presentation

Nov 19PDF
Nov 17PDF
Aug 29PDF
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
Nov 8PDF
Nov 1PDF
Aug 10PDF
FY 2022FY 2022

Annual report

PDF

Investor Presentation

Feb 7PDF
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 Ltd98.0011.240.14%
Apollo Hospitals Enterprise Ltd71.619.330.18%
Fortis Healthcare Ltd86.647.320.11%
Narayana Hrudayalaya Ltd49.8010.850.23%

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 2.96%

Tickertape Separator

MAXHEALTH Shareholding Pattern

MAXHEALTH Shareholding Pattern

Retail and OthersForeign InstitutionsOther Domestic InstitutionsMutual FundsTotal Promoter Holding23.74%14.25%5.78%51.80%4.43%

Dec 2024

Mar 2025

Jun 2025

Sep 2025

MAXHEALTH Shareholding History

MAXHEALTH Shareholding History

JunSepDec '24MarJunSep56.98%57.29%56.93%54.74%54.76%51.80%

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 Ltd




Funds (Top 5)Market-cap heldWeight3M holding changePortfolio rank
(3M change)
0.7620%0.98%-0.14%23/126 (0)
0.6858%1.75%-0.28%48/101 (-1)
0.5812%1.01%-0.14%59/71 (-3)

Compare 3-month MF holding change on Screener

MAXHEALTH Insider Trades & Bulk Stock Deals

MAXHEALTH Insider Trades & Bulk Stock Deals

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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 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

Earnings
Max Healthcare Institute consolidated net profit rises 74.34% in the September 2025 quarter

Net profit of Max Healthcare Institute rose 74.34% to Rs 491.30 crore in the quarter ended September 2025 as against Rs 281.81 crore during the previous quarter ended September 2024. Sales rose 25.07% to Rs 2135.47 crore in the quarter ended September 2025 as against Rs 1707.46 crore during the previous quarter ended September 2024. ParticularsQuarter EndedSep. 2025Sep. 2024% Var. Sales2135.471707.46 25 OPM %26.9326.39 - PBDT554.13457.84 21 PBT446.03373.69 19 NP491.30281.81 74 Powered by Capital Market - Live

2 weeks agoCapital Market - Live
Spotlight
Max Healthcare clocks 59% YoY jump in Q2 PAT;

The growth in revenue was driven by an increase in OBDs. International patient revenue stood at Rs 231 crore, reflecting a growth of 25% YoY, and accounted for nearly 9% of the hospital revenue. Bed occupancy for the quarter was at 77%, with occupied bed days (OBDs) up by 19% YoY. ARPOB for Q2 FY26 stood at Rs 77.3 thousand compared to Rs 76.2 thousand in Q2 FY25 and Rs 78.0 thousand in Q1 FY26. Network operating EBITDA in Q2 FY26 was Rs 694 crore, reflecting a growth of 23% YoY. EBITDA margin for the Network stood at 26.9% compared to 26.6% in Q2 FY25 and 24.9% in Q1 FY26. EBITDA margin for existing units was 27.5%. Overall EBITDA per bed in Q2 FY26 stood at Rs 73.4 lakhs compared to Rs 71.2 lakhs in Q2 FY25 and Rs 68.5 lakhs in Q1 FY26. EBITDA per bed for existing units stood at Rs 76.5 lakhs, up 7% YoY. Max Lab (non-captive pathology vertical) reported revenue of Rs 54 crore during the quarter, recording a growth of 16% YoY. Max Lab services now has presence across 60-plus cities and it offers a comprehensive range of over 2,700 tests. Max@Home gross revenue in Q2 FY26 was Rs 63 crore, reflecting a growth of 20% YoY, driven by physio & rehab, critical care (assistance services), medicine delivery (transactional services) and medical rooms. The company recorded a favourable tax impact of Rs 149 crore, arising from the merger of Crosslay Remedies (CRL) and Jaypee Healthcare (JHL). Excluding this one-time impact, PAT during the quarter stood at Rs 406 crore, up 16% YoY. Free cash from operations was Rs 291 crore versus Rs 464 crore in Q2 FY25 and Rs 389 crore in Q1 FY26. An amount of Rs 456 crore was deployed towards ongoing expansion plans and upgradation of facilities at newer units. In addition, Rs 146 crore was distributed as dividend. Net debt at the end of the quarter stood at Rs 2,067 crore compared to Rs 1,755 crore at the end of June 2025. Pursuant to the binding term sheet executed in July 2025, JHL, a wholly owned subsidiary (WoS) of the company, has divested its hospitals located in Village Chitta and Anoopshahr, District Bulandshahr effective 18 September 2025. The NCLT Chandigarh Bench approved scheme of amalgamation of JHL and CRL, both wholly owned subsidiaries of the company, with an appointed date of 05 October 2024. The 160 bed brownfield tower, including the additional radiation oncology program, has been commissioned at MSSH Mohali. The 268 bed brownfield tower at Nanavati-Max, Mumbai, is to be commissioned next week. Abhay Soi, chairman and managing director, Max Healthcare Institute, said: We continued our strong performance this quarter with revenue and operating EBITDA growth of 21% and 23%, respectively. Integration of newly acquired Max Super Speciality Hospital, Noida (erstwhile Jaypee Hospital) is nearly complete. Commissioning of brownfield capacities at Max Mohali, Nanavati-Max and Max Smart is underway and operating leverage from the same will start reflecting in the financial and operating metrics soon. On-streaming of brownfield capacities and strong underlying demand in our micro markets will further bolster our leadership position in the delivery of quality healthcare to our patients. Max Healthcare Institute (Max Healthcare) is one of India's largest healthcare organizations. The company operates 20 healthcare facilities (nearly 5,200 beds) with a significant presence in North India. In addition to the hospitals, Max Healthcare operates homecare and pathology businesses under brand names Max@Home and Max Lab, respectively. The scrip had added 0.26% to end at Rs 1101.40 on the BSE on Friday. Powered by Capital Market - Live

2 weeks agoCapital Market - Live
Spotlight
Max Healthcare Institute Ltd leads losers in 'A' group

Sun TV Network Ltd, Cholamandalam Financial Holdings Ltd, Adani Power Ltd and Sammaan Capital Ltd are among the other losers in the BSE's 'A' group today, 03 October 2025.Max Healthcare Institute Ltd tumbled 4.38% to Rs 1063.85 at 14:47 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 95187 shares were traded on the counter so far as against the average daily volumes of 79922 shares in the past one month.Sun TV Network Ltd crashed 4.26% to Rs 576.45. The stock was the second biggest loser in 'A' group.On the BSE, 1.11 lakh shares were traded on the counter so far as against the average daily volumes of 35875 shares in the past one month.Cholamandalam Financial Holdings Ltd lost 3.55% to Rs 1840.2. The stock was the third biggest loser in 'A' group.On the BSE, 12692 shares were traded on the counter so far as against the average daily volumes of 6930 shares in the past one month.Adani Power Ltd shed 2.98% to Rs 147.9. The stock was the fourth biggest loser in 'A' group.On the BSE, 88.67 lakh shares were traded on the counter so far as against the average daily volumes of 52.83 lakh shares in the past one month.Sammaan Capital Ltd corrected 2.89% to Rs 164.65. The stock was the fifth biggest loser in 'A' group.On the BSE, 41.76 lakh shares were traded on the counter so far as against the average daily volumes of 14.65 lakh shares in the past one month.Powered by Capital Market - Live

2 months agoCapital Market - Live
Earnings
Max Healthcare Institute consolidated net profit rises 30.35% in the June 2025 quarter

Net profit of Max Healthcare Institute rose 30.35% to Rs 307.97 crore in the quarter ended June 2025 as against Rs 236.27 crore during the previous quarter ended June 2024. Sales rose 31.41% to Rs 2027.57 crore in the quarter ended June 2025 as against Rs 1542.95 crore during the previous quarter ended June 2024. ParticularsQuarter EndedJun. 2025Jun. 2024% Var. Sales2027.571542.95 31 OPM %25.7925.11 - PBDT504.57398.21 27 PBT400.43321.31 25 NP307.97236.27 30 Powered by Capital Market - Live

3 months agoCapital Market - Live
Corporate
Max Healthcare Institute approves lease agreement to establish 130-bed hospital in Dehradun

The Board of Max Healthcare Institute at its meeting held on 13 August 2025 has approved to enter into an agreement to lease with Goyal Agrim Infra Realty LLP for setting up ~130 bedded hospital at Dehradun, Uttarakhand on a built-to-suit basis. Goyal Agrim will construct, develop and furnish the hospital building as per the Company's specifications and requirements at its own costs and expenses. The responsibility for construction of hospital including obtaining of approvals like occupancy certificate is with Goyal Agrim. The initial lease term will be 29 years and shall further be renewed for 29 years. Powered by Capital Market - Live

3 months agoCapital Market - Live
Corporate
Max Healthcare Institute allots 80,000 equity shares under ESOS

Max Healthcare Institute has allotted 80,000 equity shares under ESOS on 12 August 2025. With this allotment, the paid up equity share capital has increased to 972,22,68,430 equity shares of Rs 10 each. Powered by Capital Market - Live

3 months agoCapital Market - Live
Corporate
Max Healthcare Institute to conduct board meeting

Max Healthcare Institute will hold a meeting of the Board of Directors of the Company on 13 August 2025.Powered by Capital Market - Live

3 months agoCapital Market - Live
Corporate
Max Healthcare Institute schedules AGM

Max Healthcare Institute announced that the 24th Annual General Meeting(AGM) of the company will be held on 30 July 2025.Powered by Capital Market - Live

5 months agoCapital Market - Live
Earnings
Max Healthcare Institute consolidated net profit rises 26.82% in the March 2025 quarter

Net profit of Max Healthcare Institute rose 26.82% to Rs 319.00 crore in the quarter ended March 2025 as against Rs 251.54 crore during the previous quarter ended March 2024. Sales rose 34.21% to Rs 1909.74 crore in the quarter ended March 2025 as against Rs 1422.90 crore during the previous quarter ended March 2024. For the full year,net profit rose 1.72% to Rs 1075.88 crore in the year ended March 2025 as against Rs 1057.64 crore during the previous year ended March 2024. Sales rose 30.01% to Rs 7028.46 crore in the year ended March 2025 as against Rs 5406.02 crore during the previous year ended March 2024. ParticularsQuarter EndedYear EndedMar. 2025Mar. 2024% Var.Mar. 2025Mar. 2024% Var. Sales1909.741422.90 34 7028.465406.02 30 OPM %26.7926.81 -26.3027.60 - PBDT503.33406.05 24 1839.421610.30 14 PBT402.50335.73 20 1480.001365.32 8 NP319.00251.54 27 1075.881057.64 2 Powered by Capital Market - Live

6 months agoCapital Market - Live
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 20 May 2025, inter alia, have recommended the final dividend of Rs 1.5 per equity Share (i.e. 15%) , subject to the approval of the shareholders.Powered by Capital Market - Live

6 months agoCapital Market - Live

Frequently asked questions

Frequently asked questions

  1. What is the share price of Max Healthcare Institute Ltd (MAXHEALTH) today?

    The share price of MAXHEALTH as on 5th December 2025 is ₹1077.20. The stock prices are volatile and keep changing through the day depending upon various factors and market conditions.

  2. What is the return on Max Healthcare Institute Ltd (MAXHEALTH) share?

    The past returns of Max Healthcare Institute Ltd (MAXHEALTH) share are
    • Past 1 week: -7.31%
    • Past 1 month: -5.18%
    • Past 3 months: -6.58%
    • Past 6 months: -5.63%
    • Past 1 year: 1.85%
    • Past 3 years: 142.21%
    • Past 5 years: 677.55%

  3. What are the peers or stocks similar to Max Healthcare Institute Ltd (MAXHEALTH)?
  4. What is the dividend yield % of Max Healthcare Institute Ltd (MAXHEALTH) share?

    The current dividend yield of Max Healthcare Institute Ltd (MAXHEALTH) is 0.14.

  5. What is the market cap of Max Healthcare Institute Ltd (MAXHEALTH) share?

    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 Ltd (MAXHEALTH) is ₹105438.47 Cr as of 5th December 2025.

  6. What is the 52 week high and low of Max Healthcare Institute Ltd (MAXHEALTH) share?

    The 52-week high of Max Healthcare Institute Ltd (MAXHEALTH) is ₹1314.30 and the 52-week low is ₹940.05.

  7. What is the PE and PB ratio of Max Healthcare Institute Ltd (MAXHEALTH) stock?

    The P/E (price-to-earnings) ratio of Max Healthcare Institute Ltd (MAXHEALTH) is 98.00. The P/B (price-to-book) ratio is 11.24.

  8. Which sector does Max Healthcare Institute Ltd (MAXHEALTH) belong to?

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

  9. How to buy Max Healthcare Institute Ltd (MAXHEALTH) shares?

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