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Max Healthcare Institute Ltd.

860.00+8.55 (+1.00%)

BSE · 30 Oct, 4:01 PM

: ₹83,706.13 Cr
: 60.63
: 2,67,089
: ₹882.70 - ₹848.10
: ₹1,187.25 - ₹797.00

Max Healthcare Institute Ltd. (MAXHEALTH) share price closed at ₹860.00 on the BSE on Friday, October 30, 2026, up by 1.00% from its of ₹851.45. In that session MAXHEALTH reached a of 882.70 and of 848.10. The for the session was 863.82. The stands at 953.29 and is at 1,013.60. Looking at , the stock ended the session moving sideways.

Stock Overview

₹848.10

₹851.45

₹863.82

₹953.29

Price 9.79% below

₹1,013.60

Price 15.15% below

Key Fundamentals

: 83,706.13 Cr₹83.71 Thousand Crore
: 14.18
: 60.63
: 7.66
: 112.27
: 2,629.34 Cr₹2.63 Thousand Crore
: 0.23 %
Sector
Industry: Hospital & Healthcare Services
: 14.53
: 0.27

Industry Comparison

Ratio	Company	Sector
	60.63	44.77
	0.27	0.20
	7.66	4.61
	0.89	1.81
	0.23 %	0.11 %
Operating Margin	26.76 %	19.15 %

Sector figures are the median of 154 listed Healthcare companies.

Peer Comparison

Name
APOLLO HOSP. APOLLOHOSP	8,400.00	57.80	1,20,779.11	0.24	610.40	38.41%	7,043.50	20.56%	21.73
MANIPALHOS MANIPALHOS	668.45	98.54	87,926.39	0.00	243.43	-4.18%	3,090.63	38.12%	13.93
Max Healthcare Institute Ltd. MAXHEALTH	860.00	60.63	83,706.13	0.23	414.45	-15.64%	2,569.21	20.31%	14.97
ASTERDM ASTERDM	680.40	186.93	59,308.59	0.44	29.28	-68.70%	1,310.68	21.60%	16.22
FORTIS FORTIS	769.80	55.46	58,116.68	0.13	272.80	2.26%	2,545.03	17.46%	14.07
NH NH	1,700.00	43.06	34,741.34	0.26	301.15	16.50%	2,843.99	73.01%	16.20
MEDANTA MEDANTA	1,265.00	61.35	34,013.01	0.04	157.25	-1.09%	1,304.05	26.50%	19.38
LALPATHLAB LALPATHLAB	1,892.90	59.05	31,772.10	1.08	170.50	27.24%	797.70	19.10%	29.56

Quarterly Results

consolidated figures in ₹ Crores · Quarterly

Particulars	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
	1,422.90	1,542.95	1,707.46	1,868.31	1,909.74	2,027.57	2,135.47	2,067.52	2,142.89	2,366.17	2,569.21
Expenses	1,040.24	1,155.54	1,256.92	1,369.18	1,398.12	1,504.66	1,560.32	1,529.18	1,536.46	1,767.72	1,857.72
	382.66	387.41	450.54	499.13	511.62	522.91	575.15	538.34	606.43	598.45	711.49
	26.89%	25.11%	26.39%	26.72%	26.79%	25.79%	26.93%	26.04%	28.30%	25.29%	27.69%
	44.12	34.68	40.84	-40.33	46.92	36.51	32.90	-2.86	47.83	40.52	40.90
Interest	20.73	23.88	33.54	52.39	55.21	54.85	53.92	59.67	66.66	71.00	73.84
	70.32	76.90	84.15	97.54	100.83	104.14	108.10	111.27	123.02	131.66	137.63
	335.73	321.31	373.69	308.87	402.50	400.43	446.03	364.54	464.58	436.31	540.92
	25.08%	26.47%	24.59%	22.69%	20.75%	23.09%	-10.15%	17.45%	26.34%	25.98%	23.38%
	251.54	236.27	281.81	238.80	319.00	307.97	491.30	300.92	342.22	322.49	414.94
	2.59	2.43	2.90	2.46	3.28	3.17	5.05	3.09	3.52	3.31	4.26

Profit & Loss

consolidated figures in ₹ Crores · Annual

Particulars	FY 2021-22 (Mar)	FY 2022-23 (Mar)	FY 2023-24 (Mar)	FY 2024-25 (Mar)	FY 2025-26 (Mar)
No of Months	12.00	12.00	12.00	12.00	12.00
INCOME:
Operating Income	3,936.55	4,562.60	5,406.02	7,028.46	8,373.45
Operating Income (Net)	3,936.55	4,562.60	5,406.02	7,028.46	8,373.45
EXPENDITURE :
Increase/Decrease in Stock	-7.56	-14.87	-0.52	-19.36	-8.73
Cost of Medicines and Consumables	930.46	936.88	1,119.04	1,496.41	1,798.75
Power & Fuel Cost	62.67	69.04	77.54	115.03	121.64
Employee Cost	759.92	809.35	934.40	1,174.01	1,357.12
Hospital Operation Expenses	995.21	1,195.50	1,348.42	1,800.27	2,177.23
Selling, Administration and Other Expenses	226.23	303.70	382.92	507.53	586.09
Miscellaneous Expenses	31.21	35.54	63.08	114.14	100.47
	2,998.14	3,335.14	3,924.88	5,188.03	6,132.57
Operating Profit (Excl OI)	938.41	1,227.46	1,481.14	1,840.43	2,240.88
	131.51	152.31	189.05	164.01	164.57
	1,069.92	1,379.77	1,670.19	2,004.44	2,405.45
Interest	100.87	83.86	59.89	165.02	235.10
PBDT	969.05	1,295.91	1,610.30	1,839.42	2,170.35
	221.12	232.19	244.98	359.42	446.53
Profit Before Taxation & Exceptional Items	747.93	1,063.72	1,365.32	1,480.00	1,723.82
Exceptional Income / Expenses	-9.03			-73.63	-48.24
	738.90	1,063.72	1,365.32	1,406.37	1,675.58
Provision for Tax	133.85	-39.79	307.68	330.49	233.17
	605.05	1,103.51	1,057.64	1,075.88	1,442.41
Extra items				0.00	0.00
Consolidated Net Profit	605.05	1,103.51	1,057.64	1,075.88	1,442.41
Profit Balance B/F	-461.37	142.18	1,234.06	2,188.50	3,110.96
Appropriations	143.68	1,245.69	2,291.70	3,264.38	4,553.37
Equity Dividend %		10.00%	15.00%	15.00%	20.00%
	6.24	11.37	10.88	11.07	14.82
Adjusted EPS	6.24	11.37	10.88	11.07	14.82

Balance Sheet

consolidated figures in ₹ Crores

Particulars	FY 2021-22 (Mar)	FY 2022-23 (Mar)	FY 2023-24 (Mar)	FY 2024-25 (Mar)	FY 2025-26 (Mar)
	969.61	970.92	971.91	972.14	973.13
Share Warrants & Outstandings	22.12	41.63	67.48	119.67	146.78
Total Reserves	5,290.74	6,397.04	7,368.75	8,289.06	9,626.72
Reserve excluding Revaluation Reserve	5,290.74	6,397.04	7,368.75	8,289.06	9,626.72
	6,282.47	7,409.59	8,408.14	9,380.87	10,746.63
Secured Loans	628.91	496.08	1,060.33	2,270.06	2,438.66
Unsecured Loans	0.50	0.50	0.50
Deferred Tax Assets / Liabilities	681.41	437.13	514.85	620.15	641.04
Other Long Term Liabilities	778.78	652.50	691.94	1,003.52	1,043.36
Long Term Provisions	59.79	60.48	75.47	105.67	127.82
Total Non-Current Liabilities	2,149.39	1,646.69	2,343.09	3,999.40	4,250.88
Trade Payables	444.11	543.46	633.01	800.32	859.04
Other Current Liabilities	196.95	408.16	493.26	863.43	1,154.43
Short Term Borrowings	74.53	45.58	61.29	63.59	92.04
Short Term Provisions	41.68	48.37	61.15	78.83	81.43
Total Current Liabilities	757.27	1,045.57	1,248.71	1,806.17	2,186.94
Total Liabilities	9,189.13	10,101.85	11,999.94	15,186.44	17,184.45
Gross Block	7,759.60	7,958.37	9,902.43	13,337.70	15,116.88
Less: Accumulated Depreciation	742.02	919.67	1,181.77	1,840.77	2,130.48
	7,017.58	7,038.70	8,720.66	11,496.93	12,986.40
	104.73	206.55	445.25	900.45	592.24
Non Current Investments	0.51	0.51	2.12	2.89	5.46
Long Term Investment	0.51	0.51	2.12	2.89	5.46
Long Term Loans & Advances	757.17	673.93	727.51	951.31	1,396.94
Other Non Current Assets	262.46	193.21	227.40	237.36	253.15
Total Non-Current Assets	8,188.84	8,158.78	10,293.76	13,593.87	15,239.66
Inventories	61.36	76.23	79.84	106.21	114.28
Sundry Debtors	385.36	336.12	462.69	687.31	969.75
Cash and Bank	499.31	1,468.07	1,099.27	681.89	700.60
Other Current Assets	23.99	14.06	23.46	41.25	44.06
Short Term Loans and Advances	30.27	48.59	40.92	75.91	116.10
Total Current Assets	1,000.29	1,943.07	1,706.18	1,592.57	1,944.79
Net Current Assets (Including Current Investments)	243.02	897.50	457.47	-213.60	-242.15
Total Assets	9,189.13	10,101.85	11,999.94	15,186.44	17,184.45
	422.21	326.66	454.19	569.17	934.37
Total Debt	726.65	564.82	1,149.62	2,488.83	2,906.82
	64.57	75.89	85.82	95.27	108.93
Adjusted Book Value	64.57	75.89	85.82	95.27	108.93

Cash Flow

consolidated figures in ₹ Crores

Particulars	FY 2021-22 (Mar)	FY 2022-23 (Mar)	FY 2023-24 (Mar)	FY 2024-25 (Mar)	FY 2025-26 (Mar)
No of Months	12.00	12.00	12.00	12.00	12.00
	738.90	1,063.72	1,365.32	1,406.37	1,675.58
Adjustment	241.22	225.84	184.85	477.22	592.32
Changes In working Capital	-130.54	155.69	-159.22	-124.69	-262.68
Cash Flow after changes in Working Capital	849.58	1,445.25	1,390.95	1,758.90	2,005.22
Cash Flow from Operating Activities	740.52	1,284.13	1,121.67	1,437.96	1,633.32
Cash Flow from Investing Activities	-763.80	-102.32	-1,285.45	-1,610.69	-1,688.99
Cash Flow from Financing Activitie	-294.17	-288.56	-263.74	-163.16	59.27
Net Cash Inflow / Outflow	-317.45	893.25	-427.52	-335.89	3.60
Opening Cash & Cash Equivalents	626.59	480.97	1,374.33	979.84	661.58
Cash & Cash Equivalent of Subsidiaries under liquidations			34.72	17.51
Effect of Foreign Exchange Fluctuations		0.11	-1.82	0.12	0.62
Closing Cash & Cash Equivalent	309.14	1,374.33	979.71	661.58	665.80

Ratios

Valuation

60.63

7.66

32.84

9.15

14.18

112.27

Profitability

14.53

14.97

8.91

26.76

17.23

Leverage & Liquidity

0.27

0.89

8.13

Returns

0.23

0.52

Shareholding Pattern

Numbers in percentages

Particulars	Jun '24	Sep '24	Dec '24	Mar '25	Jun '25	Sep '25	Dec '25	Mar '26	Jun '26	Sep '26
	23.74	23.74	23.74	23.74	23.74	23.74	23.72	23.71	23.71	23.71
	72.34	72.43	72.48	72.32	72.18	71.83	71.76	71.71	71.74	71.52
	3.91	3.83	3.77	3.94	4.08	4.43	4.52	4.57	4.56	4.76
	76.26	76.26	76.26	76.26	76.26	76.26	76.28	76.29	76.29	76.29
No. of Shareholders	1,36,254	1,37,856	1,40,028	1,51,633	1,62,119	1,80,891	2,03,837	2,16,996	2,24,606	2,22,167

Mutual Funds Invested(295)

Based on each fund's latest monthly portfolio · Sep 2026

A total of 159 active funds hold 15.50% in Max Healthcare Institute Ltd., contributing to ₹14.03K Cr of holdings

Fund				As of
HD HDFC Flexi Cap Fund - Growth - Direct PlanFlexi Cap Fund	1,588.75	1.46	1,70,86,991	Sep '26
SB SBI Nifty 50 ETFIndex	1,342.16	0.66	1,44,34,879	Sep '26
IN Invesco India Midcap Fund - Growth - Direct PlanMid Cap Fund	1,136.05	7.21	1,22,18,168	Sep '26
IN Invesco India Large & Mid Cap Fund - Growth - Direct PlanLarge & Mid Cap	812.61	6.67	87,39,598	Sep '26
NI Nippon India Growth Mid Cap Fund - Growth Option - Direct PlanMid Cap Fund	734.54	1.46	79,00,000	Sep '26
KO Kotak Mid Cap Fund - Growth - Direct PlanMid Cap Fund	672.61	1.01	72,33,902	Sep '26
IP ICICI Prudential Large Cap Fund - Growth - Direct PlanLarge Cap Fund	659.87	0.86	70,96,906	Sep '26
SB SBI Aggressive Hybrid Fund - Growth - Direct PlanHybrid - Aggressive Hybrid Fund	650.86	0.76	70,00,000	Sep '26
HD HDFC Large Cap Fund - Growth - Direct PlanLarge Cap Fund	614.55	1.65	66,09,447	Sep '26
MO Motilal Oswal Midcap Fund - Growth - Direct PlanMid Cap Fund	532.77	1.33	57,29,985	Sep '26

Corporate Actions

Showing: All

Date	Type	Details
2026-10-23	Board Meeting	Quarterly Results
2026-08-10	Board Meeting	Quarterly Results
2026-07-08	AGM

Insider Trading

Date	Person	Category	Transaction Type	Shares	Value (₹)

No insider trading data available.

Sector Overview

HealthcareHospital & Healthcare Services

Max Healthcare Institute Ltd. operates in the Healthcare sector under the Hospital & Healthcare Services industry. This sector is one of the key drivers of the Indian economy and is closely tracked by the relevant Nifty sectoral index.

Company Profile

Corporate information and contact details

Key Management

9 members across the board and senior leadership

Dhiraj Aroraa

EVP - Company Secretary & Compliance Officer

—

Abhay Soi

Chairman & Managing Director

₹27.38 Cr

Mar '26

Amrita Gangotra

Non Executive Independent Woman Director

₹55.00 L

Mar '26

Anil Bhatnagar

Non Executive Director

₹48.00 L

Mar '26

Narayan K Seshadri

Non Executive Director

₹44.00 L

Mar '26

Mahendra Gumanmalji Lodha

Non Executive Independent Director

₹57.00 L

Mar '26

Michael Thomas Neeb

Non Executive Independent Director

₹55.00 L

Mar '26

Pranav Amin

Non Executive Independent Director

₹48.00 L

Mar '26

Pranav Mehta

Non Executive Independent Director

₹46.00 L

Mar '26

MAXHEALTH Latest News

News

10 of 10 articles

COMPANY30 Oct 2026 · 18:25

Max Healthcare Institute reports 16% fall in Q2 consolidated net profit

The total consolidated income of the company has increased by 20.37% at Rs 2,610.11 crore for Q2FY27

EQUITY30 Oct 2026 · 16:07

Max Healthcare Institute informs about allotment under ESOP

EQUITY4 Sept 2026 · 09:48

Max Healthcare Institute informs about allotment of equity shares

COMPANY13 Aug 2026 · 17:41

Max Healthcare Institute reports 5% rise in Q1 consolidated net profit

The total consolidated income of the company has increased by 16.60% at Rs 2,406.69 crore for Q1FY27

EQUITY13 Aug 2026 · 09:58

Max Healthcare Institute informs about grant of options under ESOS

EQUITY8 Jul 2026 · 17:33

Max Healthcare Institute informs about disclosure

COMPANY22 May 2026 · 12:14

Max Healthcare Institute reports 7% rise in Q4FY26 consolidated net profit

Consolidated total income of the company increased by 11.96% at Rs 2,190.72 crore for Q4FY26

COMPANY22 May 2026 · 09:30

Max Healthcare gets nod to construct phase-I of Max Super Specialty Hospital in Lucknow

The board of directors of the Company, at their meeting held on May 21, 2026, has approved the same

EQUITY21 May 2026 · 16:26

Max Healthcare Inst reports Profit after tax of Rs 2032.10 Mln, in the March 2026 quarter

EQUITY20 May 2026 · 17:05

Max Healthcare Institute informs about grant of stock options

Max Healthcare Institute Ltd.

Stock Overview

Price chart

Peer Comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flow

Ratios

Valuation

Profitability

Leverage & Liquidity

Returns

Shareholding Pattern

Mutual Funds Invested(295)

Corporate Actions

Insider Trading

Sector Overview

Company Profile

Key Management

MAXHEALTH Latest News

News