Max Healthcare Institute Ltd.

NSE: MAXHEALTH BSE: 543220 SECTOR: Hospital & Healthcare Services  45k   386   84

452.20
+2.35 (0.52%)
NSE: 29 Mar 4:00 PM

Price Summary

Today's High

₹ 457.95

Today's Low

₹ 441.05

52 Week High

₹ 482.5

52 Week Low

₹ 338.2

FinStar

Ownership Stable
Ownership strength is slightly missing the benchmark.
ValuationExpensive
The stock is at a premium valuation at this point.
EfficiencyPoor
The company seems highly inefficient in case of asset management.
FinancialsVery Stable
The company possesses stable growth history and manageable debt.
*It is just an analytical rating of the company and not an investment advice.

Company Essentials

Market Cap

43905.13 Cr.

Enterprise Value

43831.97 Cr.

No. of Shares

97.09 Cr.

P/E

69.45

P/B

6.41

Face Value

₹ 10

Div. Yield

0 %

Book Value (TTM)

₹  70.52

CASH

376.44 Cr.

DEBT

303.28 Cr.

Promoter Holding

23.78 %

EPS (TTM)

₹  6.51

Sales Growth

67.74%

ROE

5.43 %

ROCE

6.94%

Profit Growth

301.36 %

* Total debt includes long term borrowing, short term borrowing plus current maturities of long-term borrowing
* Ratios are based on latest Audited Financial Result.

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Index Presence

The company is present in 22 Indices.

Price Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

 

Volume Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

* Prices are based on daily market changes.
* The chart is based on the standalone earnings of the company. * Negative values and values more than 1000x in PE chart is considered 0.

Peer Comparison

View Full Peer Comparison
* The Peers list includes companies operating in the same industry and having comparable market cap.

 Group Companies

Track the companies of Group.

Ratios

Sales Growth

1 Year67.74%
3 Year19.72%
5 Year16.97%

Profit Growth

1 Year301.36%
3 Year154.12%
5 Year60.59%

ROE%

1 Year5.43%
3 Year0.51%
5 Year-0.4%

ROCE %

1 Year6.94%
3 Year2.81%
5 Year2.19%

Debt/Equity

0.0482

Price to Cash Flow

103.41

Interest Cover Ratio

10.1422413793103

CFO/PAT (5 Yr. Avg.)

0

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Dec 2022 23.78 0
Sep 2022 23.8 0
Jun 2022 50.64 51.15
Mar 2022 50.64 51.15
Dec 2021 60.68 42.69
Investors List
* Figures given above are % of equity capital

 Strengths

  • The company has shown a good profit growth of 170.068672280295% for the Past 3 years.
  • The company has shown a good revenue growth of 19.7202672689826% for the Past 3 years.
  • Company is virtually debt free.
  • Company has a healthy Interest coverage ratio of 10.1422413793103.
  • Company’s PEG ratio is 0.231041664878044.
  • The company has an efficient Cash Conversion Cycle of -94.44430259726 days.
  • Company has a healthy liquidity position with current ratio of 2.36206838242754.
  • The company has a strong degree of Operating leverage, Average Operating leverage stands at 6.60036523049647.

 Limitations

  • Company has a poor ROE of 0.514530123370594% over the past 3 years.
  • Company has a poor ROCE of 2.80960775865272% over the past 3 years
  • The company is trading at a high PE of 69.45.
  • The company is trading at a high EV/EBITDA of 67.8999.

Quarterly Result (All Figures in Cr.)

PARTICULARS Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
Net Sales 410.67 381.2 426.55 474.14 481.97
Total Expenditure 301.15 291.53 310.27 321.82 328.44
Operating Profit 109.52 89.67 116.28 152.32 153.53
Other Income 43.79 27.91 28.77 32.16 44.04
Interest 15.44 10.64 10.78 12.74 12.51
Depreciation 28.34 24.4 24.33 27.73 28.01
Exceptional Items 0 0 0 0 0
Profit Before Tax 109.53 82.54 109.94 144.01 157.05
Tax 5.12 16.39 24.68 -214.63 34.91
Profit After Tax 104.41 66.15 85.26 358.64 122.14
Adjusted EPS (Rs) 1.08 0.68 0.88 3.7 1.26

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2016 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Net Sales 912.38 1007.65 59.26 1030.78 1729.08
Total Expenditure 889.95 974.44 65.23 869.88 1316.45
Operating Profit 22.43 33.21 -5.97 160.9 412.63
Other Income 34.64 49.38 66.21 106.51 133.58
Interest 30.27 43.58 59.99 112.45 44.08
Depreciation 50.37 53.02 3.35 90.75 99.14
Exceptional Items 0 0 0 -210.67 0
Profit Before Tax -23.57 -14.01 -3.1 -146.46 402.99
Tax -0.02 4.7 -0.14 17.99 71.86
Net Profit -23.55 -22.98 -2.96 -164.45 331.13
Adjusted EPS (Rs.) -0.44 -0.35 -0.06 -1.7 3.42

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Equity and Liabilities
Share Capital 537.24 537.24 537.24 965.95 969.61
Total Reserves 772.84 749.46 2337.84 4973.48 5339.41
Borrowings 310.44 326.74 0 316.92 276.63
Other N/C liabilities 22.33 20.23 3.44 611.45 620.7
Current liabilities 328.8 317.75 674.29 275.15 295.69
Total Liabilities 1971.65 1951.42 3552.81 7142.95 7502.04
Assets
Net Block 501.73 478.85 89.71 2988.96 3146.94
Capital WIP 3.86 8.69 0 8.15 14.06
Intangible WIP 3.29 1.33 0 0.19 46.19
Investments 799.46 769.97 335.26 2379.3 2567.48
Loans & Advances 360.75 309 330.98 802.31 958.52
Other N/C Assets 26.27 23.72 0.91 2.19 70.41
Current Assets 276.29 359.86 2795.95 961.85 698.44
Total Assets 1971.65 1951.42 3552.81 7142.95 7502.04
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022
Profit from operations -18.28 -3.1 -146.46 402.99
Adjustment 60.49 -2.67 309.87 54.32
Changes in Assets & Liabilities -53.17 -22.12 37.92 14.92
Tax Paid -8.19 -8.23 23.14 -47.66
Operating Cash Flow -19.15 -36.12 224.47 424.57
Investing Cash Flow 54.63 -2536.25 -104.87 -733.03
Financing Cash Flow -35.93 2332.24 412.41 -75.33
Net Cash Flow -0.45 -240.13 532.01 -383.79

Corporate Actions

Investors Details

PARTICULARS Dec 2021% Mar 2022% Jun 2022% Sep 2022% Dec 2022%
Promoters 60.68 50.64 50.64 23.80 23.78
kayak investments ... 37.54 27.54 27.54 - -
abhay soi 23.10 23.10 23.09 23.80 23.78
analjit singh 0.01 - - - -
neelu analjit singh 0.01 - - - -
piya singh 0.01 - - - -
tara singh vachani 0.01 - - - -
PARTICULARS Dec 2021% Mar 2022% Jun 2022% Sep 2022% Dec 2022%
Investors 39.32 49.36 49.36 76.20 76.22
sbi focused equity... 7.26 8.19 9.27 9.64 -
sbi equity hybrid ... - - - - 8.56
new world fund inc - - - 6.87 7.13
smallcap world fun... 3.14 1.63 3.72 6.92 6.13
government of sing... - - 1.13 6.33 6.25
kotak securities l... - 6.02 - - -
hdfc trustee compa... 3.90 4.52 4.77 5.04 -
hdfc trustee compa... - - - - 4.44
jefferies india pr... - 4.00 - - -
canara robeco mutu... 1.56 1.81 1.91 2.26 2.26
wf asian smaller c... - - 1.38 2.21 2.21
government pension... - - 1.08 1.23 1.50
monetary authority... - - - 1.29 1.28
polar capital fund... - - 1.02 1.26 1.26
motilal oswal flex... - - - 1.12 -
vanguard emerging ... - - - 1.07 1.06
vanguard total int... - - - 1.01 1.02
llp - - 0.09 0.10 0.10
foreign institutio... - - - 0.01 0.01

Annual Reports

Ratings & Research Reports

Company Presentations

Company News

Max Healthcare Inst - Quaterly Results2 Feb 2023, 1:47PM Max Healthcare Inst - Quaterly Results2 Feb 2023, 1:47PM Max Healthcare Inst - Quaterly Results2 Feb 2023, 1:47PM Max Healthcare enters into partnership with Anuva27 Dec 2022, 3:57PM Max Healthcare Institute informs about transcript of earnings call8 Nov 2022, 4:51PM Max Healthcare Institute informs about newspapers advertisement3 Nov 2022, 5:03PM Max Healthcare Institute reports over 3-fold jump in Q2 consolidated net profit1 Nov 2022, 4:44PM Max Healthcare Inst - Quaterly Results1 Nov 2022, 1:49PM Max Healthcare Inst - Quaterly Results1 Nov 2022, 1:49PM Max Healthcare Inst - Quaterly Results1 Nov 2022, 1:49PM Max Healthcare Institute informs about analyst meet 21 Sep 2022, 9:47AM Max Healthcare Institute informs about disclosures 19 Aug 2022, 4:24PM Max Healthcare Institute informs about clarification18 Aug 2022, 3:28PM Max Healthcare Institute informs about disclosure18 Aug 2022, 1:00PM KKR divests 27% stake in Max Healthcare Institute 17 Aug 2022, 11:28AM Max Healthcare Institute informs about outcome of board meeting10 Aug 2022, 4:30PM Max Healthcare Inst - Quaterly Results10 Aug 2022, 1:03PM Max Healthcare Inst - Quaterly Results10 Aug 2022, 1:03PM Max Healthcare Inst - Quaterly Results10 Aug 2022, 1:03PM Max Healthcare Institute acquires remaining 16.84% stake in Crosslay Remedies 4 Jun 2022, 9:40AM Max Healthcare Institute informs about press release 25 May 2022, 4:09PM Max Healthcare Inst - Quaterly Results25 May 2022, 2:56PM Max Healthcare Inst - Quaterly Results25 May 2022, 2:56PM Max Healthcare Inst - Quaterly Results25 May 2022, 2:56PM SBI Funds Management picks up over 1 crore equity shares in Max Healthcare5 Apr 2022, 9:44AM Max Healthcare Institute informs about investor conference call24 Feb 2022, 12:12PM Max Healthcare Institute informs about analyst meet16 Feb 2022, 5:27PM Max Healthcare Inst - Quaterly Results12 Feb 2022, 1:51PM Max Healthcare Inst - Quaterly Results12 Feb 2022, 1:51PM Max Healthcare Inst - Quaterly Results12 Feb 2022, 1:51PM Max Healthcare Institute informs about acquisition11 Feb 2022, 10:05AM Max Healthcare Institute informs about press release11 Feb 2022, 10:03AM Max Healthcare Institute enters into agreements to acquire 26% stake in Eqova Healthcare11 Feb 2022, 9:16AM Max Healthcare Institute informs about analysts meet7 Feb 2022, 3:39PM Max Healthcare Institute informs about investors’ presentation7 Feb 2022, 9:53AM Max Healthcare Institute enters into long term services agreement with Muthoot Hospitals 20 Jan 2022, 4:09PM Max Healthcare Institute informs about closure of trading window1 Jan 2022, 1:40PM Max Healthcare Institute informs about analyst meet 15 Dec 2021, 11:41AM Max Healthcare Institute informs about analyst meet7 Dec 2021, 2:14PM Max Healthcare Institute informs about analyst call27 Nov 2021, 3:39PM Max Healthcare Institute informs about analyst meet 16 Nov 2021, 4:47PM Max Healthcare Institute informs about analyst meet 15 Nov 2021, 4:36PM Max Healthcare Institute to set up two new hospitals in Gurugram 4 Oct 2021, 3:31PM Kayak Investments Holding sells 8.44 crore shares in Max Healthcare Institute30 Sep 2021, 12:28PM Max Healthcare Institute informs about outcome of board meeting29 Sep 2021, 10:04AM Max Healthcare Institute informs about analyst meet23 Sep 2021, 9:55AM Max Healthcare Institute informs about analyst meet17 Sep 2021, 10:56AM Max Healthcare acquires rights to develop, provide medical services to proposed hospital in South Delhi 28 Aug 2021, 9:08AM Max Healthcare Institute gets nod to make additional investment of Rs 50 crore in Alps Hospitals26 Aug 2021, 11:23AM Max Healthcare Institute informs about analyst meet5 Aug 2021, 12:41PM

Max Healthcare Inst Stock Price Analysis and Quick Research Report. Is Max Healthcare Inst an attractive stock to invest in?

 

The Indian healthcare sector is expected to reach US$ 372 billion by 2022, driven by rising incomes, greater health awareness, lifestyle diseases and increasing access to insurance. Healthcare has become one of India’s largest sectors - both in terms of revenue and employment.

Healthcare comprises hospitals, medical devices, clinical trials, outsourcing, telemedicine, medical tourism, health insurance, and medical equipment. The structure of the healthcare delivery system in India consists of three broad segments: Primary care, Secondary care, and Tertiary care.

  • Primary care is the first point of contact between the population and the healthcare service providers. For example, Sub-center (SC), Primary Health Centre (PHC) and Community Health Centre (CHC) which is more relevant to rural areas (PHC’s).
  • Secondary care providers inpatient as well as outpatient medical services and includes simple surgical procedures. For example, District level & Mid-sized hospitals.
  • Tertiary care is the third level of the healthcare delivery system in the country. These hospitals are specialized consultative healthcare infrastructure. For example, Single specialty and Multi-specialty hospitals.

While healthcare services are offered by the public as well as private sectors, in urban as well as rural areas, generally people prefer private hospitals over public hospitals for treatment of diseases, illness, and sickness. So, let’s look into Max Healthcare Inst and its performance over the period of time.

  • Operating cash flow ratio: It measures the adequacy of a company’s cash generated from operating activities to pay off short-term financial obligations. Its cash from the operating activity was Rs 424.57 Cr.
     
  • Financial Strength: Health care organizations usually have high debt loads and low equity capital in their balance sheet. So, Debt to Equity ratio is important to analyze the company’s sustainability. Max Healthcare Inst has a Debt to Equity ratio of 0.0482 , which is a strong indication for the company.
     
  • EPS growth: Investors should ensure the EPS figure is growing faster than revenue numbers because it indicates company management is increasing the efficiency with which it runs the company. In Max Healthcare Inst , the EPS growth was 300.593245227606 % which is good for the company.
     
  • Operating profit margin: It determines a company's potential earnings. It assesses how well-managed a company with respect to its basic overhead costs and other operating expenses, Max Healthcare Inst has OPM of 23.8641358410253 % which is a good sign for profitability.
     
  • ROE: Max Healthcare Inst have a poor ROE of 5.42844074748644 %. ROE is an important financial parameter for hospitals & health care companies because they expand and grow rapidly. Therefore, ROE measures how efficiently a shareholder's fund is used for generating profits.
Brief about Max Healthcare Inst

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