Max Healthcare Peer Comparison
NSE: MAXHEALTH | BSE: 543220
₹920.05
As on 05-Oct-2026 12:04IST
Market cap
₹90,007 Cr
Revenue (TTM)
₹8,712 Cr
P/E Ratio
61.8
P/B Ratio
8.2
Div. Yield
0.2 %
| Max Healthcare | Aster Dm Health | Fortis Healthcare | Narayana Hrud | Apollo Hospitals | |
|---|---|---|---|---|---|
Market cap (₹ Cr) |
90,007 | 60,189 | 58,411 | 35,147 | 1,15,231 |
Revenue (₹ Cr) |
8,712 | 4,876 | 9,506 | 9,072 | 26,430 |
Net Profit (₹ Cr) |
1,457.40 | 402.49 | 1,052.40 | 823.59 | 2,127.30 |
Net Margin (%) |
16.41 | 8.04 | 11.01 | 9.02 | 7.99 |
RoE (%) |
14.39 | 7.75 | 11.05 | 20.09 | 22.66 |
Price to Earnings |
61.78 | 188.87 | 55.74 | 43.07 | 55.15 |
Price-To-Book |
8.24 | 14.23 | 5.75 | 7.40 | 11.90 |
Income Statement (₹ Cr)
| Max Healthcare | Aster Dm Health | Fortis Healthcare | Narayana Hrud | Apollo Hospitals | |
|---|---|---|---|---|---|
|
Operating Revenue
|
8,712.05 | 4,876.03 | 9,506.15 | 9,072.40 | 26,429.90 |
|
Total Income
|
8,878.68 | 5,005.48 | 9,555.88 | 9,184.30 | 26,630.10 |
|
Total Expenditure
|
6,393.68 | 3,918.04 | 7,374.72 | 7,322.98 | 22,420.40 |
|
EBITDA
|
2,318.37 | 957.99 | 2,131.43 | 1,749.42 | 4,009.50 |
|
Depreciation
|
474.05 | 270.32 | 469.83 | 519.58 | 896.50 |
|
EBIT
|
1,844.32 | 687.67 | 1,661.60 | 1,229.84 | 3,113.00 |
|
Interest
|
251.25 | 123.42 | 325.34 | 285.38 | 461.70 |
|
Other Income
|
166.63 | 129.45 | 49.73 | 111.90 | 200.20 |
|
Exceptional Items
|
-48.24 | -142.70 | -25.34 | -50.95 | -19.20 |
|
Profit before Tax
|
1,711.46 | 551.00 | 1,360.65 | 1,005.41 | 2,832.30 |
|
Provision for Tax
|
254.06 | 148.51 | 308.25 | 176.69 | 705.00 |
|
Profit after Tax
|
1,457.40 | 402.49 | 1,052.40 | 828.72 | 2,127.30 |
Liabilities (₹ Cr)
| Max Healthcare | Aster Dm Health | Fortis Healthcare | Narayana Hrud | Apollo Hospitals | |
|---|---|---|---|---|---|
|
Shareholder's Funds
|
10,746.63 | 4,575.86 | 9,895.55 | 4,537.26 | 9,480.10 |
|
Minority Interest
|
-0.47 | -44.14 | -22.32 | -0.42 | -82.50 |
|
Non-Current Liabilities
|
4,297.37 | 2,299.10 | 3,682.72 | 6,107.63 | 5,741.10 |
|
Current Liabilities
|
2,186.94 | 979.16 | 2,115.00 | 1,827.25 | 6,481.30 |
|
Total Liabilities
|
17,184.45 | 8,075.76 | 15,832.84 | 12,463.18 | 22,652.80 |
Assets (₹ Cr)
| Max Healthcare | Aster Dm Health | Fortis Healthcare | Narayana Hrud | Apollo Hospitals | |
|---|---|---|---|---|---|
|
Non-Current Assets
|
13,030.55 | 4,524.32 | 11,486.06 | 7,507.22 | 11,715.90 |
|
Current Assets
|
1,944.79 | 1,947.79 | 1,819.42 | 3,932.14 | 6,899.80 |
|
Total Assets
|
17,184.45 | 8,075.76 | 15,832.84 | 12,463.18 | 22,652.80 |
|
Total Debt*
|
2,906.82 | 701.18 | 2,872.65 | 4,866.05 | 5,658.50 |
|
Net Current Assets
|
-242.15 | 968.63 | -295.58 | 2,104.88 | 418.50 |
|
Contingent Liabilities
|
934.37 | 363.19 | 2,909.60 | 51.55 | 1,242.40 |
Cashflow (₹ Cr)
| Max Healthcare | Aster Dm Health | Fortis Healthcare | Narayana Hrud | Apollo Hospitals | |
|---|---|---|---|---|---|
|
Cash From Operating Activities
|
1,633.32 | 655.92 | 1,601.45 | 1,621.19 | 2,855.70 |
|
Cash Flow from Investing Activities
|
-1,688.99 | -288.21 | -1,538.40 | -3,699.90 | -2,148.20 |
|
Cash from Financing Activities
|
59.27 | -304.34 | 163.76 | 2,340.43 | -477.60 |
|
Net Cash Inflow / Outflow
|
3.60 | 63.37 | 226.81 | 261.72 | 229.90 |
Ratios
Profitability Ratios
| Max Healthcare | Aster Dm Health | Fortis Healthcare | Narayana Hrud | Apollo Hospitals | |
|---|---|---|---|---|---|
|
ROCE (%)
|
14.97 | 16.22 | 14.07 | 16.20 | 21.73 |
|
ROE (%)
|
14.39 | 7.75 | 11.05 | 20.09 | 22.66 |
|
ROA (%)
|
8.98 | 5.47 | 7.10 | 8.40 | 9.93 |
|
EBIT Margin (%)
|
21.17 | 14.10 | 17.48 | 13.56 | 11.78 |
|
Net Margin (%)
|
16.41 | 8.04 | 11.01 | 9.02 | 7.99 |
|
Cash Profit Margin (%)
|
0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Growth Ratios
| Max Healthcare | Aster Dm Health | Fortis Healthcare | Narayana Hrud | Apollo Hospitals | |
|---|---|---|---|---|---|
|
Revenue Growth (%)
|
15.96 | 15.70 | 17.50 | 59.61 | 17.20 |
|
EBIT Growth (%)
|
15.45 | 23.53 | 24.00 | 21.79 | 29.50 |
|
Net Profit Growth (%)
|
27.00 | 8.44 | 18.47 | 5.48 | 33.33 |
|
EPS Growth (%)
|
24.18 | -3.05 | 15.83 | 9.14 | 33.71 |
|
Book Value Growth (%)
|
14.45 | 42.36 | 10.98 | 25.12 | 14.64 |
Valuation Ratios
| Max Healthcare | Aster Dm Health | Fortis Healthcare | Narayana Hrud | Apollo Hospitals | |
|---|---|---|---|---|---|
|
Price / Earnings
|
61.41 | 103.98 | 55.59 | 41.22 | 55.46 |
|
Price / Book Value
|
8.42 | 14.61 | 5.84 | 7.50 | 12.05 |
|
Dividend Yield (%)
|
0.21 | 0.42 | 0.13 | 0.26 | 0.25 |
|
EV/EBITDA
|
40.62 | 63.84 | 28.92 | 21.68 | 29.98 |
|
Market Cap (₹ Cr)
|
93,580.84 | 34,794.90 | 59,989.09 | 32,813.55 | 1,06,819.99 |
Solvency Ratios
| Max Healthcare | Aster Dm Health | Fortis Healthcare | Narayana Hrud | Apollo Hospitals | |
|---|---|---|---|---|---|
|
Debt to Equity
|
0.23 | 0.12 | 0.24 | 1.03 | 0.26 |
|
Short term debt to equity ratio
|
0.01 | 0.00 | 0.01 | 0.00 | 0.31 |
|
Current Ratio
|
0.89 | 1.99 | 0.86 | 2.15 | 1.06 |
|
Quick Ratio
|
0.84 | 1.90 | 0.80 | 2.07 | 0.98 |
|
Interest Coverage
|
7.81 | 5.46 | 5.18 | 4.52 | 7.13 |
Operating Efficiency Ratios
| Max Healthcare | Aster Dm Health | Fortis Healthcare | Narayana Hrud | Apollo Hospitals | |
|---|---|---|---|---|---|
|
Debtors to sales (%)
|
11.13 | 6.30 | 10.98 | 7.23 | 13.19 |
|
Asset Turnover
|
0.54 | 0.66 | 0.64 | 0.92 | 1.23 |
|
Receivable days
|
36.12 | 22.21 | 36.55 | 27.99 | 47.03 |
|
Inventory Days
|
4.81 | 7.21 | 5.01 | 6.12 | 7.40 |
|
Payable days
|
169.18 | 157.95 | 152.97 | 193.39 | 62.70 |
|
Cash Conversion Cycle
|
-128.26 | -128.53 | -111.41 | -159.28 | -8.27 |