Max Healthcare Institute share price
NSE: MAXHEALTHBSE: 543220Healthcare ServicesMid Cap
Share price at the NSE close on 23 Oct 2026. Previous close ₹817.00.
- Next results date: the board meets on 30 Oct 2026 to consider: financial results.
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies.
- ₹79,325 Cr111th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. The filing of 13 Aug 2026
- 54.4
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. The filing of 21 May 2026
- 7.4
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 0.25%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it. The filing of 13 Aug 2026
- 14.5%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet. The filing of 13 Aug 2026
- 13.0%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026. The filing of 21 May 2026
- 0.32
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day.
- 36,26,50565.5% delivered
Results
Consolidated; ₹ crore, the charts by years to March, the table by quarter.Quarterly results
Quarter to Jun 2026, against the quarter beforeFiled 13 Aug
- RevenueRevenue. The pill is the change in revenue against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹2,366 Crup 10.42%
- Net profitNet profit. The pill is the change in net profit against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹323 Crdown 5.63%
- Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax.
- 13.6%
Revenue by year
Net profit by year, a loss in red
- Net profit
- Loss
| ₹ crore | Sep 2024Filed 5 Nov | Dec 2024Filed 30 Jan | Mar 2025Filed 12 Jun | Jun 2025Filed 13 Aug | Sep 2025Filed 14 Nov | Dec 2025Filed 5 Feb | Mar 2026Filed 21 May | Jun 2026Filed 13 Aug |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,707 | 1,868 | 1,910 | 2,028 | 2,135 | 2,068 | 2,143 | 2,366 |
| Net profit | 282 | 239 | 319 | 308 | 491 | 301 | 342 | 323 |
| Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. | 16.5% | 12.8% | 16.7% | 15.2% | 23.0% | 14.6% | 16.0% | 13.6% |
Business segments
In the year to Mar 2026 the company reports one business segment, Medical and Healthcare Services, which carries all its revenue.
Valuation
Today, against the company's own history.PE ratio and valuation history
At or below today's level on 20% of 1,224 trading days since Nov 2021.
At or below today's level on 35% of 1,240 trading days over the last 5 years.
At or below today's level on 0.1% of 1,240 trading days over the last 5 years.
At or below today's level on 100% of 1,240 trading days over the last 5 years.
Where the return came from
Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.
| Over | Return a year | Earnings growth | Change in P/E | Dividend yield |
|---|---|---|---|---|
| 1 year | −12.1% | +34.0% | −34.5% | 0.2% |
| 3 years | +29.9% | +9.2% | +18.7% | 0.2% |
| 5 years | +36.3% | – | – | 0.2% |
Mutual funds holding it
291 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 147 of the 200 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future. 2 more funds filed their first portfolio on record, holding it.Mutual fund holdings
- Bought for the first timeBought for the first time. Funds that held it at the month's end and had not held it in any month on record before.
- 2
- Bought againBought again. Funds that held it at the month's end, had not held it the month before, and held it in an earlier month.
- 1
- AddedAdded. Funds that held more shares than at the end of the month before.
- 114
- CutCut. Funds that held fewer shares than at the end of the month before.
- 86
- Held unchangedHeld unchanged. Funds that held the same number of shares as at the end of the month before.
- 86
- Sold outSold out. Funds that held it at the end of the month before and hold none at this month's end.
- 16
| Fund | |||
|---|---|---|---|
 HDFC Flexi Cap FundHDFC Mutual Fund | 1,70,86,991 | 1.46% | ₹1,588.7 Cr |
 SBI Nifty 50 ETFSBI Mutual Fund | 1,44,34,879 | 0.66% | ₹1,342.2 Cr |
 Invesco India Mid Cap FundInvesco Mutual Fund | 1,22,18,168 | 7.21% | ₹1,136.0 Cr |
| Invesco India Large & Mid Cap FundInvesco Mutual Fund | 87,39,598 | 6.67% | ₹812.6 Cr |
 Nippon India Growth Mid Cap FundNippon India Mutual Fund | 79,00,000 | 1.46% | ₹734.5 Cr |
 Kotak Mid Cap FundKotak Mahindra Mutual Fund | 72,33,902 | 1.01% | ₹672.6 Cr |
 ICICI Prudential Large Cap FundICICI Prudential Mutual Fund | 70,96,906 | 0.86% | ₹659.9 Cr |
| SBI Aggressive Hybrid FundSBI Mutual Fund | 70,00,000 | 0.76% | ₹650.9 Cr |
| HDFC Large Cap FundHDFC Mutual Fund | 66,09,447 | 1.65% | ₹614.5 Cr |
 Motilal Oswal Midcap FundMotilal Oswal Mutual Fund | 57,29,985 | 1.33% | ₹532.8 Cr |
Peers and competitors
Hospital, 38 listed companies, priced on 23 Oct 2026. The table lists the 8 companies closest to Max Healthcare Institute in market cap.
Where the company sits among the companies nearest its size
| Company | |||||||||
|---|---|---|---|---|---|---|---|---|---|
 Apollo Hospitals EnterpriseAPOLLOHOSP | 1,11,146 | 53.2 | 11.7 | 28.9 | +17.2% | +32.8% | 23.6% | 19.9% | 0.26% |
| Manipal Health EnterprisesMANIPALHOS | 79,889 | – | – | – | – | – | – | – | 0.00% |
 Aster DM Quality CareASTERDM | 56,201 | 176.4 | – | – | +15.7% | +0.2% | 8.0% | 12.4% | 0.47% |
 Fortis HealthcareFORTIS | 53,821 | 51.4 | 5.4 | 26.3 | +17.5% | +20.7% | 11.1% | 12.7% | 0.14% |
 Narayana HrudayalayaNH | 33,656 | 41.2 | 7.4 | 20.8 | +57.8% | +3.9% | 20.0% | 13.1% | 0.27% |
 Global HealthMEDANTA | 31,862 | 57.3 | 8.0 | 32.6 | +21.3% | +4.1% | 15.1% | 14.2% | 0.04% |
 Krishna Institute of Medical SciencesKIMS | 27,937 | 136.6 | 12.4 | 37.4 | +30.9% | −46.2% | 9.3% | 8.7% | 0.00% |
 Dr. Agarwal's Health CareAGARWALEYE | 15,024 | 101.3 | 7.4 | 24.6 | – | – | 7.6% | 14.1% | 0.00% |
Dividends
Per share, by the year it was paid for, and the latest payments.Dividend history and dates
Dividend per share, ₹, restated for later splits and bonuses
Dividend per share. The dividends declared for the year, each restated to today's share count by the splits and bonuses after its own ex-date, added up.| Ex-date | Type | Per share |
|---|---|---|
| 3 Jul 2026 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. | ₹2.00 |
| 4 Jul 2025 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. | ₹1.50 |
| 23 Aug 2024 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. | ₹1.50 |
| 8 Sep 2023 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. | ₹1.00 |
Latest announcements
Routine notices left out.Share news and announcements
Oct 2026
23 Oct · Analysts
9 Oct · Rating
Max Healthcare Institute share price by year
Each calendar year to 2025.Max Healthcare Institute share price history
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2025 | 1,045.10 | −7.4% | 1,301.40 | 964.30 |
| 2024 | 1,128.15 | +64.4% | 1,208.75 | 677.85 |
| 2023 | 686.25 | +56.1% | 722.90 | 419.15 |
| 2022 | 439.55 | −0.8% | 464.75 | 328.25 |
| 2021 | 442.90 | +216.0% | 442.90 | 141.75 |
| 2020 | 140.15 | – | 148.70 | 103.65 |
Recent sessions
The last 10 trading days to 23 Oct 2026, as traded on NSE.
| Date | Open | High | Low | Close | Average price | Volume | Delivery |
|---|---|---|---|---|---|---|---|
| 23 Oct 2026 | 810.50 | 819.40 | 803.00 | 815.00 | 814.79 | 36,26,505 | 65.5% |
| 22 Oct 2026 | 811.20 | 817.70 | 797.00 | 817.00 | 807.03 | 29,80,196 | 48.0% |
| 21 Oct 2026 | 835.50 | 838.00 | 811.60 | 819.90 | 821.64 | 32,63,649 | 50.3% |
| 19 Oct 2026 | 848.05 | 855.55 | 828.60 | 830.00 | 840.00 | 20,42,848 | 51.6% |
| 16 Oct 2026 | 864.45 | 865.40 | 842.30 | 846.00 | 846.68 | 40,34,520 | 67.1% |
| 15 Oct 2026 | 853.00 | 873.00 | 851.30 | 858.00 | 864.62 | 21,49,474 | 56.2% |
| 14 Oct 2026 | 864.00 | 869.50 | 850.00 | 852.50 | 858.38 | 33,56,468 | 57.2% |
| 13 Oct 2026 | 860.00 | 863.65 | 842.05 | 861.00 | 856.35 | 40,55,650 | 52.0% |
| 12 Oct 2026 | 884.75 | 894.80 | 854.00 | 865.95 | 877.80 | 20,33,396 | 58.7% |
| 9 Oct 2026 | 896.80 | 917.05 | 879.20 | 883.80 | 894.42 | 53,77,260 | 44.0% |
About Max Healthcare Institute
Max Healthcare Institute Limited provides hospital care, home care and diagnostic services to patients in India. It operates 21 healthcare facilities with more than 6,000 beds. About 83% of its network bed capacity is in North India, and nearly 76% is in the National Capital Region (NCR). Its clinical teams cover areas including oncology, cardiology, orthopaedics, neurology and nephrology.
The business has three parts: hospitals, home-based services and diagnostics. The hospital network includes facilities owned and operated by the company and its subsidiaries, and partner facilities, which are hospitals owned and run by societies under long-term contracts with the company. Max@Home offers health and wellness services at home in more than 15 cities. Max Lab provides diagnostic services, including to patients outside the network, in more than 60 cities.
In the NCR, its facilities are in Saket, Rajendra Place, Patparganj, Shalimar Bagh, Dwarka, Vaishali, Gurugram, Panchsheel Park, Noida and Lajpat Nagar. Outside the NCR, it has hospitals in Mumbai, Mohali, Bathinda, Dehradun, Lucknow, Nagpur and Bhubaneswar.
The company was incorporated in 2001. In June 2020, the healthcare undertaking of Radiant Life Care Private Limited and the residual business of erstwhile Max India Limited merged into it under a scheme approved by the National Company Law Tribunal. In the 18 months before August 2026, it acquired about 1,300 beds in Lucknow, Nagpur and Noida, and it holds a controlling stake in Kalinga Hospital Limited, which runs a 250-bed hospital in Bhubaneswar. Its Chairman and Managing Director, Abhay Soi, is a promoter of the company. A promoter is the person or group that set up a company or controls it.
- Legal name
- Max Healthcare Institute Limited
- NSE symbol
- MAXHEALTH
- BSE code
- 543220
- ISIN
- INE027H01010
- Industry
- Healthcare Services
- Listed
- Aug 2020
- Face value
- ₹10
- CIN
- L72200MH2001PLC322854
- Corporate identity number, the registrar of companies' code for it