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Max Healthcare Institute Ltd (MAXHEALTH.NS)

INR1,092.90 -13.30 (-1.20%)
IN NSE Healthcare Medical - Care Facilities
Address Capital Cyberscape 122 102
Gurugram, DL, IN
CEO Abhay Soi
IPO 2020-08-21
ISIN INE027H01010

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Also trades on Bombay Stock Exchange · MAXHEALTH.BO (INR) National Stock Exchange of India · MAXHEALTH.NS (INR)
Description

Max Healthcare Institute Limited provides medical and healthcare services in India. It offers services in various specialties, including cardiac sciences, orthopedics, oncology, renal sciences, neurosciences, minimal access and general surgery, pulmonology, obstetrics, gynecology, pediatrics, and nephrology, liver and biliary sciences, gastroenterology and Gi surgery, plastic and reconstructive surgery, and organ transplants, as well as ear, nose, and throat. The company also provides Max@Home, a platform that offers health and wellness services at home; and MaxLab, which provides diagnostic services to patients outside its network of hospitals through various channels comprising third-party hospital laboratory management. It operates through a network of healthcare facilities, including hospitals and medical centres. The company was incorporated in 2001 and is based in Gurugram, India.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
INR1,092.90 -13.30 (-1.20%)
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Volume Profile
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Liquidity & share structure
Average Volume
3M
Beta
0.10
Float Shares
685.94M
Free Float %
70.5%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-0.69% -8.55% -0.55% -10.45% -14.51% -4.89% -15.34% +84.00% +329.72% +789.44% +789.44%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
1,092.90
DCF (Unlevered) 1,420.36 +30.0%
DCF (Levered) 1,149.32 +5.2%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 74% Bullish
Rating 2026-05 Change
Strong Buy 7 0
Buy 13 0
Hold 3 +1
Sell 1 0
Strong Sell 3 0
Quality scores
Altman Z-Score
10.04
Safe zone
Piotroski F-Score
6 / 9
Average
MOAT Score
6 / 10
Developing
Composite Rating
B
Overall Score
3 / 5
Medium
DCF Score
4 / 5
High
ROE Score
4 / 5
High
ROA Score
5 / 5
High
D/E Score
2 / 5
Medium
P/E Score
1 / 5
Low
P/Book Score
1 / 5
Low
Operational MOAT
✗ Below peers
  • Revenue growth Medical - Care Facilities: +10.2%
    +19.1% Q1'26: +12.2% (vs Q1'25)
  • EPS growth Medical - Care Facilities: +19.2%
    +34.0% Q1'26: +7.4% (vs Q1'25)
  • FCF margin FCF growth · Medical - Care Facilities: +32.0%
    +14.1% Q1'26: -1.9% (vs Q1'25)
  • EBIT margin Medical - Care Facilities: +11.3%
    +22.8% Q1'26: +24.8% (vs Q1'25)
  • ROIC Medical - Care Facilities: +6.8%
    +12.2% Q1'26: +11.6% (vs Q1'25)
  • Share dilution Medical - Care Facilities: +0.0%
    +0.1% Q1'26: -0.1% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Medical - Care Facilities: 0.99×
    1.48× Q1'26: 1.33× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.13) × ERP
WACC = 97% × Ke + 3% × Kd (6.8%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 1,518.57 Current price: 1,092.90
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Mar 2021
actual
Mar 2022
actual
Mar 2023
actual
Mar 2024
actual
Mar 2025
actual
Mar 2026
24 Rev. Ana.
25 EPS Ana.
Mar 2027
26 Rev. Ana.
25 EPS Ana.
Mar 2028
25 Rev. Ana.
25 EPS Ana.
Mar 2029
12 Rev. Ana.
11 EPS Ana.
Revenue
25.08B
est: 36.71B (-31.7%)
39.37B
est: 52.06B (-24.4%)
45.63B
est: 58.41B (-21.9%)
54.06B
est: 68.62B (-21.2%)
70.28B
est: 86.55B (-18.8%)
101.88B
85.75B – 105.96B
+17.7% YoY
120.81B
96.95B – 134.51B
+18.6% YoY
143.15B
114.21B – 165.50B
+18.5% YoY
167.64B
134.11B – 190.54B
+17.1% YoY
EBITDA
3.90B
est: 8.80B (-55.7%)
9.47B
est: 12.48B (-24.1%)
12.23B
est: 14.00B (-12.7%)
14.82B
est: 16.45B (-9.9%)
18.31B
est: 22.93B (-20.1%)
26.99B
22.72B – 28.07B
+17.7% YoY
32.00B
25.68B – 35.63B
+18.6% YoY
37.92B
30.26B – 43.84B
+18.5% YoY
44.41B
35.53B – 50.48B
+17.1% YoY
EBIT
2.43B
est: 7.10B (-65.8%)
7.58B
est: 10.07B (-24.7%)
10.24B
est: 11.30B (-9.4%)
12.75B
est: 13.27B (-3.9%)
15.28B
est: 19.01B (-19.7%)
22.38B
18.84B – 23.28B
+17.7% YoY
26.54B
21.30B – 29.55B
+18.6% YoY
31.45B
25.09B – 36.36B
+18.5% YoY
36.83B
29.46B – 41.86B
+17.1% YoY
Net Income
-1.38B
est: 505.25M (-372.2%)
6.05B
est: 8.77B (-31.0%)
11.04B
est: 12.15B (-9.2%)
10.58B
est: 12.88B (-17.9%)
10.76B
est: 14.36B (-25.1%)
16.65B
13.03B – 19.58B
+15.9% YoY
19.35B
15.42B – 22.51B
+16.2% YoY
23.51B
18.18B – 27.87B
+21.5% YoY
28.88B
21.37B – 34.00B
+22.8% YoY
SGA
6.39B
est: 7.93B (-19.4%)
9.53B
est: 11.24B (-15.3%)
9.86B
est: 12.62B (-21.8%)
11.17B
est: 15.50B (-27.9%)
14.75B
est: 18.85B (-21.8%)
22.19B
18.67B – 23.08B
+17.7% YoY
26.31B
21.11B – 29.29B
+18.6% YoY
31.17B
24.87B – 36.04B
+18.5% YoY
36.51B
29.21B – 41.49B
+17.1% YoY
EPS
-1.59
est: 0.52 (-407.5%)
6.25
est: 8.97 (-30.3%)
11.38
est: 12.43 (-8.5%)
10.89
est: 13.18 (-17.4%)
11.07
est: 14.69 (-24.6%)
17.03
13.32 – 20.03
+15.9% YoY
19.79
15.77 – 23.02
+16.2% YoY
24.04
18.59 – 28.51
+21.5% YoY
29.53
21.85 – 34.78
+22.8% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-26 B 3/5 4/5 4/5 5/5 2/5 1/5 1/5
2026-05-25 B 3/5 4/5 4/5 5/5 2/5 1/5 1/5
2026-05-22 B 3/5 4/5 4/5 5/5 2/5 1/5 1/5
2026-05-21 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-05-20 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-05-19 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-05-18 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-05-15 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-05-14 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-05-13 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-05-12 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-05-11 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-05-08 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-05-07 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-05-06 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-05-05 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-05-04 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-04-30 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-04-29 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-04-28 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-04-27 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-04-24 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-04-23 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-04-22 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-04-21 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-04-20 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-04-17 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-04-16 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-04-15 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
13.69B
OE per share TTM
13.99
Owner's Yield
1.42%
Maintenance CapEx ratio
108.66%
Maint CapEx / Avg PPE
75.9%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
737.9K
Shares Outstanding
973.24M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Abhay Soi Executive Chairman & MD 295M male
Anas Abdul Wajid Senior Director and Chief Sales & Marketing Officer male
Anurag Krishna Member of Group Medical Advisory Council & Chairman of Paediatrics & Paediatric Surgery
Colonel Harinder Singh Chehal Senior Director & Chief Operating Officer - Cluster 2
Dhiraj Aroraa Senior Vice President, Company Secretary & Compliance Officer male
Gagan Palta General Counsel & Director male
Prashant Singh Director of Information Technology & Chief Information Officer male
Sandeep Budhiraja Member of Group Medical Advisory Council & Group Medical Director
Umesh Gupta Member of Group Medical Advisory Council, Senior Director - HR & Chief People Officer male
Yogesh Kumar Sareen Senior Director & Chief Financial Officer male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits