Max Healthcare Institute Limited

BSE: MAXHEALTH543220ISIN INE027H01010

Healthcare
Hospital
BSE 100

BSE listing

Share price

₹1,055.00+21.25 (+2.06%)

as of 18 Sep 2026

52W high: ₹1,221.10
52W low: ₹903.50
Off 52W high: -13.60%
1M return: +5.88%
3M return: -3.75%
6M return: +9.35%
1Y return: -10.09%
20D avg volume: 2,56,200
50 DMA: ₹1,048.29
200 DMA: ₹1,038.02

Key ratios Consolidated

Market cap: ₹1,02,684 Cr
Current price: ₹1,055.00
52W high / low: ₹1,221.10 / ₹903.50
Face value: ₹10.00
P/E: 70.45
P/B: —
EPS (TTM): ₹14.97
Book value / share: —
ROE: —
ROCE: 12.70%
Operating margin: —
Net margin: —
Debt / equity: 0.32
Net debt: ₹2,813 Cr
Interest cover: 8.13
Dividend yield: 0.19%
Dividend / share (TTM): ₹2.00
Payout: 13.36%
Cash conversion cycle: 9.9 days

Financials

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	2,366	2,143	2,068	2,135	2,028	1,910	1,868	1,707	1,543	1,423	1,335	1,363
	40.52	47.83	45.38	32.90	36.51	46.92	33.30	40.84	34.68	45.25	46.02	45.48
	1,970	1,726	1,700	1,722	1,664	1,554	1,519	1,375	1,256	1,132	1,021	1,042
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—	—
	521.16	433.31	446.47	465.15	453.82	410.14	396.89	359.39	329.99	297.41	270.68	278.36
	388.18	340.27	340.46	338.32	338.07	315.59	304.60	283.63	270.19	241.84	230.67	235.82
	71.00	66.66	59.67	53.92	54.85	55.21	52.39	33.54	23.88	20.73	11.24	8.53
	131.66	123.02	111.27	108.10	104.14	100.83	97.54	84.15	76.90	70.32	60.96	57.88
	866.16	756.65	748.37	757.11	721.35	673.10	286.62	269.36	231.26	211.38	175.10	182.95
	436.31	464.58	412.78	446.03	400.43	402.50	382.50	373.69	321.31	335.73	359.68	366.42
	0.00	0.00	-48.24	0.00	0.00	0.00	-73.63	0.00	0.00	0.00	0.00	0.00
	436.31	464.58	364.54	446.03	400.43	402.50	308.87	373.69	321.31	335.73	359.68	366.42
	113.35	122.36	63.62	45.27	92.46	83.50	70.07	91.88	85.04	84.19	70.34	89.74
	322.96	342.22	300.92	491.30	307.97	319.00	238.80	281.81	236.27	251.54	289.34	276.68
	3.32	3.52	3.10	5.05	3.17	3.28	2.46	2.90	2.43	2.59	2.98	2.85
Key metrics
	638.97	654.26	535.48	608.05	559.42	558.54	458.80	491.38	422.09	426.78	431.88	432.83
	27.00%	30.50%	25.90%	28.50%	27.60%	29.20%	24.60%	28.80%	27.40%	30.00%	32.40%	31.80%
	13.60%	16.00%	14.60%	23.00%	15.20%	16.70%	12.80%	16.50%	15.30%	17.70%	21.70%	20.30%
	—	3.50%	—	3.50%	—	3.40%	—	—	—	—	—	—
	16.70%	12.20%	10.70%	25.10%	31.40%	34.20%	40.00%	25.30%	—	—	—	—
	4.90%	7.30%	26.00%	74.30%	30.30%	26.80%	-17.50%	1.90%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22	FY21
Income statement
	8,712	8,373	7,028	5,406	4,563	3,931	2,505
	166.63	162.62	155.64	178.07	139.24	127.36	114.74
	7,119	6,812	5,704	4,219	3,638	3,311	2,454
	0.00	0.00	0.00	—	—	—	—
	1,866	1,799	1,496	1,119	936.88	930.46	580.51
	1,407	1,357	1,174	934.40	809.35	759.92	588.78
	251.25	235.10	165.02	59.89	83.86	100.87	179.46
	474.05	446.53	359.42	244.98	232.19	221.12	174.09
	3,128	2,983	2,529	744.09	604.40	496.63	384.71
	1,760	1,724	1,480	1,365	1,064	747.93	165.05
	-48.24	-48.24	-73.63	0.00	0.00	-9.03	-233.70
	1,711	1,676	1,406	1,365	1,064	738.90	-68.65
	344.60	233.17	330.49	307.68	39.79	133.85	45.85
	1,457	1,442	1,076	1,058	1,104	605.05	-137.55
	14.99	14.83	11.07	10.89	11.38	6.25	-1.59
Key metrics
	2,437	2,357	1,931	1,670	1,380	1,061	284.90
	27.97%	28.20%	27.50%	30.90%	30.20%	27.00%	11.40%
	16.73%	17.20%	15.30%	19.60%	24.20%	15.40%	-5.50%
	—	12.70%	11.70%	—	—	—	—
	—	19.10%	30.00%	18.50%	16.10%	57.00%	—
	—	34.10%	1.70%	-4.20%	82.40%	539.90%	—
	—	148.79	494.12	—	—	—	—
	—	1.13	1.36	—	—	—	—
	—	0.32	0.32	—	—	—	—
	—	2,813	2,349	—	—	—	—
	—	9.9	-0.8	—	—	—	—
Balance sheet
	—	17,231	15,214	—	—	—	—
	—	1,945	1,593	—	—	—	—
	—	665.80	661.58	—	—	—	—
	—	969.75	687.31	—	—	—	—
	—	114.28	106.21	—	—	—	—
	—	54.79	48.65	—	—	—	—
	—	6,980	5,462	—	—	—	—
	—	859.04	807.92	—	—	—	—
	—	2,187	1,814	—	—	—	—
	—	3,478	3,010	—	—	—	—
	—	500.38	242.68	—	—	—	—
	—	2,978	2,768	—	—	—	—
	—	10,747	9,381	—	—	—	—
Cash flow
	—	1,633	1,460	—	—	—	—
	—	-1,689	-1,632	—	—	—	—
	—	59.27	-163.80	—	—	—	—
	—	1,485	965.53	—	—	—	—

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	782.92	732.90	710.91	736.62	694.02	658.70	697.40	686.11	621.39	610.11	590.75	596.87
	92.10	91.34	83.33	47.43	79.85	98.15	92.01	133.51	42.87	137.77	42.68	48.04
	649.11	563.86	553.40	568.39	550.99	529.62	517.60	501.47	461.10	457.26	430.10	434.88
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—	—
	186.84	152.93	160.12	166.96	159.26	145.68	139.50	135.60	120.16	112.44	104.13	108.33
	145.93	122.01	125.31	134.22	135.15	125.98	122.73	123.32	119.07	112.64	113.41	115.86
	12.07	11.20	10.75	8.67	9.25	9.43	23.47	7.85	7.64	14.74	10.00	13.22
	36.60	34.63	36.07	36.77	35.43	36.10	32.77	32.18	30.14	31.84	29.50	27.62
	269.58	241.13	221.79	222.59	213.32	211.00	81.57	84.00	74.02	76.66	69.23	63.62
	225.91	260.38	240.84	215.66	222.88	227.23	271.81	318.15	203.16	290.62	203.33	210.03
	0.00	0.00	-15.64	0.00	0.00	0.00	-73.63	—	—	—	—	—
	225.91	260.38	225.20	215.66	222.88	227.23	198.18	318.15	203.16	290.62	203.33	210.03
	58.31	57.17	38.25	55.24	56.85	49.84	59.94	86.85	49.02	48.85	45.21	48.72
	167.60	203.21	186.95	160.42	166.03	177.39	138.24	231.30	154.14	241.77	158.12	161.31
	1.72	2.09	1.92	1.65	1.71	1.82	1.42	2.38	1.59	2.49	1.63	1.66
Key metrics
	274.58	306.21	272.02	261.10	267.56	272.76	254.42	358.18	240.94	337.20	242.83	250.87
	35.10%	41.80%	38.30%	35.40%	38.60%	41.40%	36.50%	52.20%	38.80%	55.30%	41.10%	42.00%
	21.40%	27.70%	26.30%	21.80%	23.90%	26.90%	19.80%	33.70%	24.80%	39.60%	26.80%	27.00%
	—	2.70%	—	2.30%	—	2.50%	—	—	—	—	—	—
	12.80%	11.30%	1.90%	7.40%	11.70%	8.00%	18.10%	15.00%	—	—	—	—
	0.90%	14.60%	35.20%	-30.60%	7.70%	-26.60%	-12.60%	43.40%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22	FY21
Income statement
	2,963	2,874	2,664	2,341	1,905	1,729	1,031
	314.20	301.95	366.54	271.22	144.17	125.38	106.51
	2,335	2,237	2,010	1,748	1,486	1,451	1,073
	0.00	0.00	0.00	—	—	—	—
	666.85	639.27	540.94	429.97	354.42	446.16	237.12
	527.47	516.69	491.10	448.39	372.25	363.86	265.47
	42.69	39.87	48.39	51.66	51.91	44.08	112.45
	144.07	142.90	131.19	116.64	113.21	99.14	90.75
	955.09	898.83	799.28	277.13	229.24	200.73	164.01
	942.79	939.76	1,020	864.96	563.14	402.99	64.21
	-15.64	-15.64	-73.63	—	—	—	-210.67
	927.15	924.12	946.72	864.96	563.14	402.99	-146.46
	208.97	207.51	245.65	177.70	131.17	71.86	17.99
	718.18	716.61	701.07	687.26	694.31	331.13	-164.45
	7.38	7.37	7.21	7.07	7.16	3.42	-1.91
Key metrics
	1,114	1,107	1,126	1,033	728.26	546.21	56.74
	37.59%	38.50%	42.30%	44.10%	38.20%	31.60%	5.50%
	24.24%	24.90%	26.30%	29.40%	36.50%	19.20%	-16.00%
	—	9.40%	10.60%	—	—	—	—
	—	7.90%	13.80%	22.90%	10.20%	67.70%	—
	—	2.20%	2.00%	-1.00%	109.70%	301.40%	—
	—	150.61	341.64	—	—	—	—
	—	0.70	0.85	—	—	—	—
	—	0.09	0.07	—	—	—	—
	—	293.42	196.91	—	—	—	—
	—	20.2	5.9	—	—	—	—
Balance sheet
	—	10,890	9,967	—	—	—	—
	—	1,071	828.09	—	—	—	—
	—	531.52	415.51	—	—	—	—
	—	416.79	295.24	—	—	—	—
	—	30.72	29.80	—	—	—	—
	—	24.90	21.80	—	—	—	—
	—	1,426	1,353	—	—	—	—
	—	288.18	282.18	—	—	—	—
	—	666.78	583.39	—	—	—	—
	—	824.94	612.42	—	—	—	—
	—	112.14	42.33	—	—	—	—
	—	712.80	570.09	—	—	—	—
	—	8,941	8,289	—	—	—	—
Cash flow
	—	503.19	598.35	—	—	—	—
	—	-426.01	-873.26	—	—	—	—
	—	38.83	-28.81	—	—	—	—
	—	352.58	256.71	—	—	—	—

Compounded growth

Standalone

Sales CAGR 3Y: +14.70%
Sales CAGR 5Y: +22.77%
Sales CAGR 10Y: —
Profit CAGR 3Y: +1.06%
Profit CAGR 5Y: —
Profit CAGR 10Y: —
Sales YoY (TTM): +8.30%
Profit YoY (TTM): +0.73%

Consolidated

Sales CAGR 3Y: +22.43%
Sales CAGR 5Y: +27.30%
Sales CAGR 10Y: —
Profit CAGR 3Y: +9.34%
Profit CAGR 5Y: —
Profit CAGR 10Y: —
Sales YoY (TTM): +15.96%
Profit YoY (TTM): +27.00%

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Jun 2026

Promoter holding: 23.72%

Holder	Type	Holding	Previous	Change
Abhay Soi	Promoter	23.71%	—	—
Nps Trust A/C through various schemes	Public	3.45%	—	—
New World Fund Inc	Public	3.29%	—	—
Government Of Singapore	Public	3.28%	—	—
Hdfc Mutual Fund through various schemes	Public	3.04%	—	—
Life Insurance Corporation of India through various schemes	Public	3.00%	—	—
SBI Mutual Fund through various schemes	Public	2.55%	—	—
Invesco Mutual Fund through various schemes	Public	2.19%	—	—
ICICI Prudential Mutual Fund through various schemes	Public	1.69%	—	—
Nippon India Mutual Fund through various schemes	Public	1.53%	—	—
Axis Max Life Insurance Limited through various schemes	Public	1.46%	—	—
Canara Robeco Mutual Fund through various schemes	Public	1.43%	—	—
Smallcap World Fund, Inc	Public	1.35%	—	—
Government Pension Fund Global	Public	1.16%	—	—
Vanguard Total International Stock Index Fund	Public	1.12%	—	—

Public shareholders are disclosed individually only above 1%.

Filings & corporate actions

Recent announcements

Newspaper Publication - Postal Ballot Notice20 Sep 2026 · Company Update / Newspaper Publication
Postal Ballot Notice19 Sep 2026 · AGM/EGM / Postal Ballot
Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 201518 Sep 2026 · Company Update / General
Schedule of Investor Conference14 Sep 2026 · Company Update / Analyst / Investor Meet
Schedule of Investor Conference14 Sep 2026 · Company Update / Analyst / Investor Meet
Disclosure under regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 201511 Sep 2026 · Company Update / General
Newspaper publication in Form INC-26 regarding shifting of Registered office7 Sep 2026 · Company Update / Newspaper Publication
Update on infusion of funds in Kalinga Hospital Ltd.7 Sep 2026 · Company Update / Acquisition
Allotment of Equity Shares under Max Healthcare Institute Limited - Employee Stock Option Scheme 20224 Sep 2026 · Company Update / Allotment of ESOP / ESPS
Infusion of funds in Kalinga Hospital Ltd.3 Sep 2026 · Company Update / Acquisition
Press Release - Hon''ble Union Home Minister and Cooperation Minister Shri Amit Shah Inaugurates New 400 Beds Tower at Max Smart Super Speciality Hospital, Saket3 Sep 2026 · Company Update / Press Release / Media Release
Disclosure under regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 201526 Aug 2026 · Company Update / General
Transcript of Earnings Call held on August 14, 202620 Aug 2026 · Company Update / Earnings Call Transcript
Disclosure under regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 201519 Aug 2026 · Company Update / General
Presentation for Investor Conference17 Aug 2026 · Company Update / Investor Presentation
Newspaper Publication pertaining to Financial Results for the quarter ended June 30, 202614 Aug 2026 · Company Update / Newspaper Publication
Audio Recording of Earnings Call held on August 14, 202614 Aug 2026 · Company Update / General
Disclosure under regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 201514 Aug 2026 · Company Update / General
Change in Senior Management Personnel13 Aug 2026 · Company Update / Change in Management
Presentation on earnings updates for the quarter ended June 30, 202613 Aug 2026 · Company Update / General
Press Release - Max Healthcare Q1 revenue rises to Rs. 2,982 Cr, registering growth of 16% YoY; Network Operating EBITDA rises to Rs. 704 Cr, 15% YoY; Q1 PAT was Rs. 357 Cr13 Aug 2026 · Company Update / Press Release / Media Release
Outcome of Board Meeting held on August 13, 202613 Aug 2026 · Board Meeting / Outcome of Board Meeting
Results - Financial Results for the quarter ended June 30, 202613 Aug 2026 · Result / Financial Results
Allotment of Equity Shares under Max Healthcare Institute Limited - Employee Stock Option Scheme 202213 Aug 2026 · Company Update / Allotment of ESOP / ESPS
Grant of options under Max Healthcare Institute Limited - Employee Stock Option Scheme 202213 Aug 2026 · Company Update / General
Schedule of Investor Conference12 Aug 2026 · Company Update / Analyst / Investor Meet
Schedule of Earnings Call for Investors and Analysts8 Aug 2026 · Company Update / Analyst / Investor Meet
Max Healthcare Institute Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 13/08/2026 ,inter alia, to consider and approve unaudited standalone ....8 Aug 2026 · Board Meeting / Board Meeting
Disclosure under regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 20157 Aug 2026 · Company Update / General
Minutes of 25th Annual General Meeting6 Aug 2026 · Company Update / General
Transcript of 25th Annual General Meeting5 Aug 2026 · Company Update / General
Voting Results and Scrutinizer''s Report for 25th Annual General Meeting30 Jul 2026 · AGM/EGM / AGM
Voting Results and Scrutinizer''s Report for 25th Annual General Meeting30 Jul 2026 · AGM/EGM / AGM
Summary of Proceedings of 25th Annual General Meeting30 Jul 2026 · AGM/EGM / AGM
Disclosure under regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 201529 Jul 2026 · Company Update / General
Disclosure under regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 201524 Jul 2026 · Company Update / General
Certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 201810 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Schedule of Investor Conference/ Meet9 Jul 2026 · Company Update / Analyst / Investor Meet
Newspaper Publication - Notice of 25th Annual General Meeting and E-Voting Information9 Jul 2026 · Company Update / Newspaper Publication
Business Responsibility and Sustainability Report for the financial year 2025-268 Jul 2026 · Others / Business Responsibility and Sustainability Reporting (BRSR)

Corporate actions

Purpose	Ex date	Record date	Payment date
Final Dividend - Rs. - 2.0000	3 Jul 2026	3 Jul 2026	—
Final Dividend - Rs. - 1.5000	4 Jul 2025	4 Jul 2025	—
Final Dividend - Rs. - 1.5000	23 Aug 2024	23 Aug 2024	—

Board meetings

13 Aug 2026 Board Meeting - Financial Results