Manipal Health Enterprises Peer Comparison

NSE: MANIPALHOS | BSE: 544847

₹725.20

₹-0.80 (-0.11%)

As on 04-Sep-2026 15:59IST

Market cap

₹95,990 Cr

Revenue (TTM)

₹10,336 Cr

P/E Ratio

107.6

P/B Ratio

5.3

Div. Yield

0 %

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	Manipal Health Enterprises	Max Healthcare	Fortis Healthcare	Aster Dm Health	Narayana Hrud
Market cap (₹ Cr)	95,990	95,868	68,701	68,496	37,993
Revenue (₹ Cr)	10,336	8,712	9,506	4,876	9,072
Net Profit (₹ Cr)	916.52	1,457.40	1,052.40	402.49	823.59
Net Margin (%)	8.71	16.41	11.01	8.04	9.02
RoE (%)	12.95	14.39	11.05	7.75	20.09
Price to Earnings	107.57	65.80	65.56	214.94	46.55
Price-To-Book	5.26	8.77	6.76	13.79	8.00

Income Statement
Liabilities
Assets
Cashflow
Ratios

Income Statement (₹ Cr)

	Manipal Health Enterprises	Max Healthcare	Fortis Healthcare	Aster Dm Health	Narayana Hrud
Operating Revenue	10,335.75	8,373.45	9,127.84	--	7,896.04
Total Income	10,520.52	8,538.02	9,178.50	--	7,996.25
Total Expenditure	7,724.58	6,132.57	7,042.86	--	6,257.24
EBITDA	2,611.17	2,240.88	2,084.98	--	1,638.79
Depreciation	679.55	446.53	449.43	--	447.80
EBIT	1,931.62	1,794.35	1,635.55	--	1,190.99
Interest	864.29	235.10	314.47	--	265.86
Other Income	184.77	164.57	50.66	--	100.22
Exceptional Items	-74.07	-48.24	-22.24	--	-50.95
Profit before Tax	1,178.03	1,675.58	1,365.85	--	968.82
Provision for Tax	261.51	233.17	301.66	--	158.36
Profit after Tax	916.52	1,442.41	1,064.19	--	810.46

Liabilities (₹ Cr)

	Manipal Health Enterprises	Max Healthcare	Fortis Healthcare	Aster Dm Health	Narayana Hrud
Shareholder's Funds	8,426.09	10,746.63	9,895.55	--	4,537.26
Minority Interest	372.67	--	272.96	--	2.26
Non-Current Liabilities	12,573.53	4,250.88	3,549.34	--	6,096.40
Current Liabilities	3,362.37	2,186.94	2,115.00	--	1,827.25
Total Liabilities	24,734.66	17,184.45	15,832.84	--	12,463.18

Assets (₹ Cr)

	Manipal Health Enterprises	Max Healthcare	Fortis Healthcare	Aster Dm Health	Narayana Hrud
Non-Current Assets	20,625.66	15,239.66	14,013.42	--	8,531.04
Current Assets	4,102.50	1,944.79	1,819.42	--	3,932.14
Total Assets	24,734.66	17,184.45	15,832.84	--	12,463.18
Total Debt*	10,287.54	2,906.82	2,872.65	--	4,866.05
Net Current Assets	740.12	-242.15	-295.58	--	2,104.88
Contingent Liabilities	146.31	934.37	2,909.60	--	51.55

Cashflow (₹ Cr)

	Manipal Health Enterprises	Max Healthcare	Fortis Healthcare	Aster Dm Health	Narayana Hrud
Cash From Operating Activities	2,078.40	1,633.32	1,601.45	--	1,621.19
Cash Flow from Investing Activities	-7,036.74	-1,688.99	-1,538.40	--	-3,699.90
Cash from Financing Activities	4,954.44	59.27	163.76	--	2,340.43
Net Cash Inflow / Outflow	-3.90	3.60	226.81	--	261.72

Ratios

Profitability Ratios

	Manipal Health Enterprises	Max Healthcare	Fortis Healthcare	Aster Dm Health	Narayana Hrud
ROCE (%)	13.93	14.97	14.07	--	16.20
ROE (%)	12.95	14.53	11.32	--	19.86
ROA (%)	4.75	8.91	7.29	--	8.22
EBIT Margin (%)	27.05	28.73	23.40	--	22.02
Net Margin (%)	8.71	16.89	11.59	--	10.14
Cash Profit Margin (%)	15.44	22.56	16.58	--	15.94

Growth Ratios

	Manipal Health Enterprises	Max Healthcare	Fortis Healthcare	Aster Dm Health	Narayana Hrud
Revenue Growth (%)	25.40	19.14	17.28	--	44.01
EBIT Growth (%)	24.43	20.01	29.05	--	25.52
Net Profit Growth (%)	-15.27	34.07	31.48	--	2.61
EPS Growth (%)	-83.59	33.93	34.56	--	1.95
Book Value Growth (%)	43.84	14.45	10.98	--	25.12

Valuation Ratios

	Manipal Health Enterprises	Max Healthcare	Fortis Healthcare	Aster Dm Health	Narayana Hrud
Price / Earnings	0.00	64.88	57.58	--	40.73
Price / Book Value	0.00	8.83	6.06	--	7.23
Dividend Yield (%)	--	0.21	0.13	--	0.28
EV/EBITDA	3.65	39.82	29.18	--	20.44
Market Cap (₹ Cr)	0.00	93,580.84	59,989.09	--	32,813.55

Solvency Ratios

	Manipal Health Enterprises	Max Healthcare	Fortis Healthcare	Aster Dm Health	Narayana Hrud
Debt to Equity	1.23	0.27	0.29	--	1.07
Short term debt to equity ratio	--	0.01	0.01	--	0.00
Current Ratio	1.22	0.89	0.86	--	2.15
Quick Ratio	1.17	0.84	0.80	--	2.07
Interest Coverage	2.36	8.13	5.34	--	4.64

Operating Efficiency Ratios

	Manipal Health Enterprises	Max Healthcare	Fortis Healthcare	Aster Dm Health	Narayana Hrud
Debtors to sales (%)	9.00	11.58	11.43	--	8.30
Asset Turnover	0.54	0.52	0.63	--	0.80
Receivable days	27.67	36.12	36.55	--	27.99
Inventory Days	5.33	4.81	5.01	--	6.12
Payable days	223.46	169.18	152.97	--	193.39
Cash Conversion Cycle	-190.46	-128.26	-111.41	--	-159.28