Manipal Health Enterprises Peer Comparison

NSE: MANIPALHOS | BSE: 544847

₹696.00

₹-12.30 (-1.74%)

As on 01-Oct-2026IST

Market cap

₹91,517 Cr

Revenue (TTM)

₹10,336 Cr

P/E Ratio

102.6

P/B Ratio

5

Div. Yield

0 %

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	Manipal Health Enterprises	Max Healthcare	Aster Dm Health	Fortis Healthcare	Narayana Hrud
Market cap (₹ Cr)	91,517	91,963	61,780	59,332	35,597
Revenue (₹ Cr)	10,336	8,712	4,876	9,506	9,072
Net Profit (₹ Cr)	916.52	1,457.40	402.49	1,052.40	823.59
Net Margin (%)	8.71	16.41	8.04	11.01	9.02
RoE (%)	12.95	14.39	7.75	11.05	20.09
Price to Earnings	102.56	63.12	193.86	56.62	43.62
Price-To-Book	5.02	8.42	14.61	5.84	7.50

Income Statement
Liabilities
Assets
Cashflow
Ratios

Income Statement (₹ Cr)

	Manipal Health Enterprises	Max Healthcare	Aster Dm Health	Fortis Healthcare	Narayana Hrud
Operating Revenue	10,335.75	8,373.45	4,643.22	9,127.84	7,896.04
Total Income	10,520.52	8,538.02	4,768.82	9,178.50	7,996.25
Total Expenditure	7,724.58	6,132.57	3,733.49	7,042.86	6,257.24
EBITDA	2,611.17	2,240.88	909.73	2,084.98	1,638.79
Depreciation	679.55	446.53	264.25	449.43	447.80
EBIT	1,931.62	1,794.35	645.48	1,635.55	1,190.99
Interest	864.29	235.10	131.68	314.47	265.86
Other Income	184.77	164.57	125.60	50.66	100.22
Exceptional Items	-74.07	-48.24	-32.71	-22.24	-50.95
Profit before Tax	1,178.03	1,675.58	569.69	1,365.85	968.82
Provision for Tax	261.51	233.17	142.59	301.66	158.36
Profit after Tax	916.52	1,442.41	427.10	1,064.19	810.46

Liabilities (₹ Cr)

	Manipal Health Enterprises	Max Healthcare	Aster Dm Health	Fortis Healthcare	Narayana Hrud
Shareholder's Funds	8,426.09	10,746.63	4,575.86	9,895.55	4,537.26
Minority Interest	372.67	--	257.84	272.96	2.26
Non-Current Liabilities	12,573.53	4,250.88	2,262.90	3,549.34	6,096.40
Current Liabilities	3,362.37	2,186.94	979.16	2,115.00	1,827.25
Total Liabilities	24,734.66	17,184.45	8,075.76	15,832.84	12,463.18

Assets (₹ Cr)

	Manipal Health Enterprises	Max Healthcare	Aster Dm Health	Fortis Healthcare	Narayana Hrud
Non-Current Assets	20,625.66	15,239.66	6,127.97	14,013.42	8,531.04
Current Assets	4,102.50	1,944.79	1,947.79	1,819.42	3,932.14
Total Assets	24,734.66	17,184.45	8,075.76	15,832.84	12,463.18
Total Debt*	10,287.54	2,906.82	701.18	2,872.65	4,866.05
Net Current Assets	740.12	-242.15	968.63	-295.58	2,104.88
Contingent Liabilities	146.31	934.37	363.19	2,909.60	51.55

Cashflow (₹ Cr)

	Manipal Health Enterprises	Max Healthcare	Aster Dm Health	Fortis Healthcare	Narayana Hrud
Cash From Operating Activities	2,078.40	1,633.32	655.92	1,601.45	1,621.19
Cash Flow from Investing Activities	-7,036.74	-1,688.99	-288.21	-1,538.40	-3,699.90
Cash from Financing Activities	4,954.44	59.27	-304.34	163.76	2,340.43
Net Cash Inflow / Outflow	-3.90	3.60	63.37	226.81	261.72

Ratios

Profitability Ratios

	Manipal Health Enterprises	Max Healthcare	Aster Dm Health	Fortis Healthcare	Narayana Hrud
ROCE (%)	13.93	14.97	16.22	14.07	16.20
ROE (%)	12.95	14.53	13.07	11.32	19.86
ROA (%)	4.75	8.91	5.82	7.29	8.22
EBIT Margin (%)	27.05	28.73	22.30	23.40	22.02
Net Margin (%)	8.71	16.89	8.96	11.59	10.14
Cash Profit Margin (%)	15.44	22.56	14.89	16.58	15.94

Growth Ratios

	Manipal Health Enterprises	Max Healthcare	Aster Dm Health	Fortis Healthcare	Narayana Hrud
Revenue Growth (%)	25.40	19.14	12.20	17.28	44.01
EBIT Growth (%)	24.43	20.01	12.34	29.05	25.52
Net Profit Growth (%)	-15.27	34.07	26.85	31.48	2.61
EPS Growth (%)	-83.59	33.93	-93.04	34.56	1.95
Book Value Growth (%)	43.84	14.45	42.36	10.98	25.12

Valuation Ratios

	Manipal Health Enterprises	Max Healthcare	Aster Dm Health	Fortis Healthcare	Narayana Hrud
Price / Earnings	0.00	64.88	89.65	57.58	40.73
Price / Book Value	0.00	8.83	9.06	6.06	7.23
Dividend Yield (%)	--	0.21	0.45	0.13	0.28
EV/EBITDA	3.65	39.82	33.37	29.18	20.44
Market Cap (₹ Cr)	0.00	93,580.84	34,794.90	59,989.09	32,813.55

Solvency Ratios

	Manipal Health Enterprises	Max Healthcare	Aster Dm Health	Fortis Healthcare	Narayana Hrud
Debt to Equity	1.23	0.27	0.17	0.29	1.07
Short term debt to equity ratio	--	0.01	0.00	0.01	0.00
Current Ratio	1.22	0.89	1.99	0.86	2.15
Quick Ratio	1.17	0.84	1.90	0.80	2.07
Interest Coverage	2.36	8.13	5.33	5.34	4.64

Operating Efficiency Ratios

	Manipal Health Enterprises	Max Healthcare	Aster Dm Health	Fortis Healthcare	Narayana Hrud
Debtors to sales (%)	9.00	11.58	6.62	11.43	8.30
Asset Turnover	0.54	0.52	0.63	0.63	0.80
Receivable days	27.67	36.12	22.21	36.55	27.99
Inventory Days	5.33	4.81	7.21	5.01	6.12
Payable days	223.46	169.18	157.95	152.97	193.39
Cash Conversion Cycle	-190.46	-128.26	-128.53	-111.41	-159.28