Max Healthcare Key Ratios
NSE: MAXHEALTH | BSE: 543220
₹993.00
As on 08-Sep-2026IST
Market cap
₹96,552 Cr
Revenue (TTM)
₹8,712 Cr
P/E Ratio
66.3
P/B Ratio
8.8
Div. Yield
0.2 %
Key Ratios and Highlights
| Growth Score (%) | Quarterly | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | QoQ | YoY | 1-Year | 3-Years | 5-Years |
| Revenue | 10.42 | 16.70 | 15.96 | 22.14 | 21.81 |
| EBIT | -3.44 | 11.47 | 15.45 | 19.45 | 32.13 |
| Net Profit | -5.77 | 4.71 | 24.26 | 8.53 | 35.84 |
| EPS | -5.78 | 4.60 | 26.87 | 7.48 | 34.32 |
| Book Value | -- | -- | 14.34 | 12.80 | 13.39 |
| Key Ratios (%) | Average | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | 3-Years | 5-Years | TTM | Mar-26 | Mar-25 |
| EBIT-Margin
| 25.78 | 21.08 | 21.17 | 21.43 | 21.07 |
| Net Margin
| 23.99 | 17.81 | 16.41 | 16.89 | 14.96 |
| Return on equity
| 8.91 | 13.32 | 14.39 | 14.53 | 12.22 |
| Return on Capital
| 11.37 | 14.72 | -- | 14.97 | 14.67 |
| Return on Assets
| 7.37 | 8.93 | 8.98 | 8.91 | 7.91 |
| Debt to Equity (x)
| -- | -- | 0.23 | 0.27 | 0.27 |
Profitability
ROCE
--
--
Earning before interest and taxes / (Average net worth + Average total Debt) * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Max Healthcare
|
--
|
14.97
|
14.67
|
16.26
|
15.32
|
|
Peer Median
|
--
|
16.17
|
19.08
|
17.78
|
--
|
ROE
14.39
Higher than Peers by 1.60
Profit after tax / Average Net worth * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Max Healthcare
|
14.39
|
14.53
|
12.22
|
13.47
|
16.19
|
|
Peer Median
|
12.79
|
14.22
|
14.26
|
17.43
|
--
|
ROA
8.98
Higher than Peers by 0.23
Profit after tax / Average Total assets * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Max Healthcare
|
8.98
|
8.91
|
7.91
|
9.57
|
11.44
|
|
Peer Median
|
8.75
|
8.75
|
9.57
|
8.31
|
--
|
EBIT Margin
21.17
Higher than Peers by 5.08
Operating profit (EBIT) / Net Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Max Healthcare
|
21.17
|
21.43
|
21.07
|
22.87
|
21.81
|
|
Peer Median
|
16.09
|
15.91
|
17.87
|
18.12
|
--
|
Net Margin
16.41
Higher than Peers by 4.28
Net profit / Total Income (Net sales plus other income) * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Max Healthcare
|
16.41
|
16.89
|
14.96
|
18.90
|
23.40
|
|
Peer Median
|
12.13
|
10.86
|
9.83
|
9.95
|
--
|
Cash Profit Margin
--
--
(Net profit + Depreciation) / Gross Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Max Healthcare
|
--
|
22.56
|
20.42
|
24.10
|
29.28
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Revenue Growth
15.96
Higher than Peers by 1.40
Year on year growth in net sales
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Max Healthcare
|
15.96
|
19.14
|
30.01
|
18.49
|
15.90
|
|
Peer Median
|
14.56
|
17.79
|
16.25
|
16.01
|
--
|
EBIT Growth
15.45
Lower than Peers by 1.49
Year on year growth in operating profit (EBIT)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Max Healthcare
|
15.45
|
21.16
|
19.81
|
24.20
|
38.75
|
|
Peer Median
|
16.93
|
23.21
|
19.31
|
20.43
|
--
|
Net Profit Growth
24.26
Higher than Peers by 6.43
Year on year growth in profit after tax
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Max Healthcare
|
24.26
|
34.07
|
1.72
|
-4.16
|
82.38
|
|
Peer Median
|
17.83
|
24.84
|
17.42
|
25.57
|
--
|
EPS Growth
26.87
Higher than Peers by 12.41
Year on year growth in earnings per share
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Max Healthcare
|
26.87
|
33.93
|
1.70
|
-4.25
|
82.14
|
|
Peer Median
|
14.46
|
22.04
|
16.25
|
--
|
--
|
Book Value Growth
--
--
Year on year growth in book value per share
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Max Healthcare
|
--
|
14.45
|
11.04
|
13.20
|
17.69
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Solvency
Debt to Equity
0.23
Higher than Peers by 0.07
Total debt / Net worth
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Max Healthcare
|
0.23
|
0.27
|
0.27
|
0.14
|
0.08
|
|
Peer Median
|
0.16
|
0.27
|
0.31
|
0.39
|
--
|
Short term debt to equity ratio
--
--
(Short term borrowings / Net worth)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Max Healthcare
|
--
|
0.01
|
0.01
|
0.01
|
0.01
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Current Ratio
0.89
Lower than Peers by 0.83
Current Assets / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Max Healthcare
|
0.89
|
0.89
|
0.88
|
1.37
|
1.86
|
|
Peer Median
|
1.72
|
1.27
|
1.37
|
1.58
|
--
|
Quick Ratio
0.84
Lower than Peers by 0.79
(Current Assets - Inventory) / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Max Healthcare
|
0.84
|
0.84
|
0.82
|
1.30
|
1.79
|
|
Peer Median
|
1.63
|
1.74
|
2.06
|
1.03
|
--
|
Interest Coverage
7.81
Higher than Peers by 0.75
Earning before interest and taxes (EBIT) / Interest Expenses
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Max Healthcare
|
7.81
|
8.13
|
9.52
|
23.80
|
13.68
|
|
Peer Median
|
7.07
|
6.43
|
7.55
|
5.83
|
--
|
Operating Efficiency
Debtors to sales
11.13
Higher than Peers by 2.00
Debtors outstanding / Net Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Max Healthcare
|
11.13
|
11.58
|
9.78
|
8.56
|
7.37
|
|
Peer Median
|
9.13
|
9.05
|
9.95
|
8.40
|
--
|
Asset Turnover
0.54
Lower than Peers by 0.14
Sales / Average Total Assets
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Max Healthcare
|
0.54
|
0.52
|
0.52
|
0.49
|
0.47
|
|
Peer Median
|
0.68
|
0.72
|
0.72
|
0.80
|
--
|
Receivable days
--
--
Average Debtors / Sales * 365
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Max Healthcare
|
--
|
36.12
|
29.86
|
26.97
|
28.86
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Inventory Days
--
--
Average Inventory / Sales * 365
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Max Healthcare
|
--
|
4.81
|
4.83
|
5.27
|
5.50
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Payable days
--
--
Average Creditors / Cost of goods sold * 365
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Max Healthcare
|
--
|
169.18
|
177.10
|
191.96
|
195.48
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Cash Conversion Cycle
--
--
Receivable Days + Inventory Days - Payable Days
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Max Healthcare
|
--
|
-128.26
|
-142.41
|
-159.72
|
-161.11
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Valuation
Price / Earnings
66.27
Higher than Peers by 14.09
Current share price divided by earning per share in the last twelve months
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Max Healthcare
|
66.27
|
64.88
|
99.10
|
75.39
|
38.80
|
|
Peer Median
|
52.18
|
51.04
|
52.13
|
48.04
|
--
|
Price / Book Value
8.84
Higher than Peers by 1.89
Current share price divided by book value per share in the latest financial year
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Max Healthcare
|
8.84
|
8.83
|
11.51
|
9.56
|
5.81
|
|
Peer Median
|
6.95
|
6.41
|
6.84
|
6.39
|
--
|
Dividend Yield
0.20
Higher than Peers by 0.09
Dividend per share in the past twelve months divided by current share price
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Max Healthcare
|
0.20
|
0.21
|
0.14
|
0.18
|
0.23
|
|
Peer Median
|
0.11
|
0.09
|
0.13
|
0.21
|
--
|
EV/EBITDA
39.74
--
Enterprise Value (Current Market Capitalisation + Total Debt - Cash & Equivalents) / Earnings before interest, taxes, depreciation and taxes (EBITDA)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Max Healthcare
|
39.74
|
39.82
|
54.09
|
47.77
|
30.38
|
|
Peer Median
|
--
|
41.16
|
45.21
|
41.01
|
--
|
Market Cap
96,552
Higher than Peers by 86,281
Current Share price multiplied by latest total number of shares outstanding
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Max Healthcare
|
96,552
|
93,581
|
1,06,615
|
79,736
|
42,818
|
|
Peer Median
|
10,271
|
9,940
|
10,071
|
5,273
|
--
|