₹1,087.9
▼ -10.32 -0.94%
17 Jul 2026
NSE Listed
Max Healthcare Ins Ltd. (MAXHEALTH)
Volume: 14,54,340Avg Vol 1W: 19,64,496.6Avg Vol 1M: 24,13,816.0552W Range:₹903₹1,301.7
Key Ratios
Checked 6h agoMarket Cap₹1,06,882 Cr
Current Price₹1,087.9
Previous Close₹1,098.22
High / Low (52w)₹1,301.7 / ₹903
Volume14,54,340
Avg Vol (1W)19,64,496.6
Avg Vol (1M)24,13,816.05
Stock P/E311.99
Book Value₹110.4
Dividend Yield18%
ROE13.42%
ROA8.37%
Revenue (TTM)₹7,184 Cr
Revenue Growth30%
Profit Margin17.23%
Total Debt₹2,270 Cr
Shares Outstanding97 Cr
Face Value₹10
EPS (TTM)₹15.24
P/B9.95
Debt / Equity0.32
50 DMA₹1,065.63
200 DMA₹1,060.91
Day change-0.94%
Price Chart
₹1,087.9▼ 12.52% · 1Y
2025-07-172026-07-16
20-day avg volume: 24.1L shares
Pros
- Pays a dividend yield of 18.0%.
- Company is almost debt-free.
Cons
- Revenue fell 58% YoY.
- Stock trades at a high P/E of 312.
Quarterly Results
| Metric | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹1,543 Cr | ₹1,707 Cr | ₹1,868 Cr | ₹1,910 Cr | ₹2,028 Cr | ₹2,135 Cr | ₹2,068 Cr | ₹2,143 Cr |
| EBITDA | ₹345 Cr | ₹407 Cr | ₹435 Cr | ₹458 Cr | ₹455 Cr | ₹500 Cr | ₹472 Cr | ₹531 Cr |
| Net Profit | ₹236 Cr | ₹282 Cr | ₹239 Cr | ₹319 Cr | ₹308 Cr | ₹491 Cr | ₹301 Cr | ₹342 Cr |
| EPS | — | — | — | — | — | — | — | — |
Profit & Loss (Annual)
| Metric | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹1,748 Cr | ₹1,107 Cr | ₹2,619 Cr | ₹4,059 Cr | ₹4,702 Cr | ₹5,583 Cr | ₹7,184 Cr | ₹8,536 Cr |
| EBITDA | ₹110 Cr | ₹96 Cr | ₹345 Cr | ₹849 Cr | ₹1,148 Cr | ₹1,425 Cr | ₹1,645 Cr | ₹1,959 Cr |
| Net Profit | ₹-3 Cr | ₹59 Cr | ₹-138 Cr | ₹605 Cr | ₹1,104 Cr | ₹1,058 Cr | ₹1,076 Cr | ₹1,442 Cr |
| EPS | -0.06 | 1.01 | -1.59 | 6.24 | 11.36 | 10.84 | 11.01 | 14.76 |
Balance Sheet
| Metric | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | ₹3,366 Cr | ₹3,974 Cr | ₹8,544 Cr | ₹9,189 Cr | ₹10,102 Cr | ₹12,000 Cr | ₹15,214 Cr | ₹17,231 Cr |
| Total Liabilities | ₹2,402 Cr | ₹1,421 Cr | ₹2,906 Cr | ₹2,907 Cr | ₹2,692 Cr | ₹3,592 Cr | ₹5,834 Cr | ₹6,484 Cr |
| Equity | ₹963 Cr | ₹2,553 Cr | ₹5,639 Cr | ₹6,282 Cr | ₹7,410 Cr | ₹8,408 Cr | ₹9,381 Cr | ₹10,747 Cr |
| Total Debt | — | — | — | — | — | — | — | — |
Cash Flow
| Metric | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Operating | ₹117 Cr | ₹83 Cr | ₹60 Cr | ₹850 Cr | ₹1,370 Cr | ₹1,391 Cr | ₹1,759 Cr | ₹2,005 Cr |
| Investing | ₹-17 Cr | ₹-2,641 Cr | ₹-73 Cr | ₹-764 Cr | ₹-1,187 Cr | ₹-1,285 Cr | ₹-1,611 Cr | ₹-1,689 Cr |
| Financing | ₹-74 Cr | ₹2,353 Cr | ₹191 Cr | ₹-294 Cr | ₹-289 Cr | ₹-264 Cr | ₹-163 Cr | ₹59 Cr |
| Free Cash Flow | ₹117 Cr | ₹83 Cr | ₹60 Cr | ₹850 Cr | ₹1,370 Cr | ₹1,391 Cr | ₹1,759 Cr | ₹2,005 Cr |
Shareholding
Promoter 23.71% Institutions 71.71% Public 4.58%
Efficiency & Working Capital
ROCE11.7%
Interest Coverage8.1
Dividend Payout—
Debtor Days42 d
Inventory Days5 d
Payable Days37 d
Cash Conversion Cycle10 d
Working Capital Days47 d
Shareholding Details
As of 2026-03-31
Promoter23.7%
FII45.4%
DII26.3%
Institutions71.7%
Public4.6%
Promoter Pledge0%
No. of Shareholders2,16,996
Shareholding Pattern
Quarterly — figures in %. Latest 12 quarters.
| Period | Jun 2023 | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 23.8% | 23.8% | 23.7% | 23.7% | 23.7% | 23.7% | 23.7% | 23.7% | 23.7% | 23.7% | 23.7% | 23.7% |
| FIIs | 59.9% | 60.4% | 60.7% | 57.3% | 57% | 57.3% | 56.9% | 54.7% | 54.8% | 51.8% | 50.6% | 45.4% |
| DIIs | 11.9% | 11.3% | 11.3% | 15% | 15.4% | 15.1% | 15.6% | 17.6% | 17.4% | 20% | 21.2% | 26.3% |
| Public | 4.5% | 4.5% | 4.2% | 4% | 3.9% | 3.8% | 3.8% | 3.9% | 4.1% | 4.4% | 4.5% | 4.6% |
| Promoter Pledge | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| No. of Shareholders | 1,11,374 | 1,18,635 | 1,11,338 | 1,27,009 | 1,36,254 | 1,37,856 | 1,40,028 | 1,51,633 | 1,62,119 | 1,80,891 | 2,03,837 | 2,16,996 |
Returns History (ROE / ROCE / ROA)
| Period | ROE | ROCE | ROA | P/E |
|---|---|---|---|---|
| 202603 | — | — | — | — |
Major Shareholders (>1%)
| Name | Category | Stake | Shares |
|---|---|---|---|
| Abhay Soi | Shareholding of Promoter and Promoter Group | 23.7% | 23.07 Cr |
| New World Fund Inc | Public Shareholding | 3.7% | 3.60 Cr |
| Nps Trust A/c Uti Pension Fund Limited-scheme State Govt | Public Shareholding | 3.4% | 3.34 Cr |
| Government Of Singapore | Public Shareholding | 3.4% | 3.29 Cr |
| Hdfc Mutual Fund Through Various Schemes | Public Shareholding | 2.6% | 2.56 Cr |
| Sbi Mutual Fund Through Various Schemes | Public Shareholding | 2.5% | 2.43 Cr |
| Smallcap World Fund, Inc | Public Shareholding | 2.3% | 2.27 Cr |
| Life Insurance Corporation Of India | Public Shareholding | 2.3% | 2.19 Cr |
| Invesco Mutual Fund Through Various Schemes | Public Shareholding | 2% | 1.91 Cr |
| Axis Max Life Insurance Limited A/c Reversionary Bonus Participating - Equity | Public Shareholding | 1.5% | 1.41 Cr |
| Nippon India Mutual Fund Through Various Schemes | Public Shareholding | 1.4% | 1.37 Cr |
| Canara Robeco Mutual Fund Through Various Schemes | Public Shareholding | 1.4% | 1.33 Cr |
| Icici Prudential Mutual Fund Through Various Schemes | Public Shareholding | 1.2% | 1.18 Cr |
| Government Pension Fund Global | Public Shareholding | 1.2% | 1.14 Cr |
| Vanguard Total International Stock Index Fund | Public Shareholding | 1.1% | 1.09 Cr |
| Vanguard Emerging Markets Stock Index Fund, A Series Of Vanguard International Equity Index Funds | Public Shareholding | 1.1% | 1.02 Cr |
| Monetary Authority Of Singapore | Public Shareholding | 1% | 99,54,626 |
| Wf Asian Smaller Companies Fund Limited | Public Shareholding | 1% | 97,95,492 |
| Kotak Funds - India Midcap Fund | Public Shareholding | 1% | 98,31,179 |
| Aditya Soi | Shareholding of Promoter and Promoter Group | 0% | 60,000 |
| Taruna Soi | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Devina Soi | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Aeshani Soi | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Bulbul Soi | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Anil Kumar Bhatnagar | Shareholding of Promoter and Promoter Group | 0% | 0 |
Promoter Pledges
| Holder | Pledged Shares | % of Holding | As of |
|---|---|---|---|
| Abhay Soi | 0 | 0% | 2026-03-31 |
| Aditya Soi | 0 | 0% | 2026-03-31 |
| Taruna Soi | 0 | 0% | 2026-03-31 |
| Devina Soi | 0 | 0% | 2026-03-31 |
| Aeshani Soi | 0 | 0% | 2026-03-31 |
| Bulbul Soi | 0 | 0% | 2026-03-31 |
| Anil Kumar Bhatnagar | 0 | 0% | 2026-03-31 |
| Veena Bhatnagar | 0 | 0% | 2026-03-31 |
| Akhil Sarup Bhatnagar | 0 | 0% | 2026-03-31 |
| Halcyon Enterprises Private Limited | 0 | 0% | 2026-03-31 |
| Neo Legno Consultants Private Limited | 0 | 0% | 2026-03-31 |
| Neo Legno Products Private Limited | 0 | 0% | 2026-03-31 |
Board of Directors
| Name | Designation | Year |
|---|---|---|
| Abhay Soi | Chairman & Managing Director | 2025 |
| Anil Bhatnagar | Non-Executive & Non-Independent Director | 2025 |
| Mahendra Lodha | Independent Director | 2025 |
| Michael Thomas Neeb | Independent Director | 2025 |
| Pranav Amin | Independent Director | 2025 |
| Amrita Gangotra | Independent Director | 2025 |
| Narayan Seshadri | Non Executive Director | 2025 |
| Pranav Mehta | Independent Director | 2025 |
Segments — Product
| Segment | Revenue | Share |
|---|---|---|
| Medical and Healthcare Services | ₹0 Cr | — |
Segments — Geography
| Region | Revenue | Share |
|---|---|---|
| India | ₹2,805 Cr | 100% |
Capital Structure (₹ Cr)
| Year | Face Value | Authorised | Issued | Paid-up |
|---|---|---|---|---|
| 2026 | ₹10 | 1,260 | 973 | 973 |
Corporate Actions
| Type | Date | Value | Remark |
|---|---|---|---|
| dividend | 2026-07-03 | ₹2.0 (20.0%) | Final |
| dividend | 2026-07-03 | ₹2 (20%) | Final |
Related-Party Transactions (₹ Cr)
| Year | Subsidiaries | Associates | JV | KMP | Others | Total |
|---|---|---|---|---|---|---|
| 2025 | 2,712 | 0 | 0 | 79 | 403 | 3,194 |
| 2025 | 2,359 | 0 | 0 | 0 | 142 | 2,501 |
| 2025 | 40 | 0 | 0 | 79 | 3 | 123 |
Insider / Designated-Person Trades
30 recent disclosure(s)
Kayak Investments Holding Pte. Ltd.Disposal · 68,74,447
Abhay SoiAcquisition · 68,74,447
Kayak Investments Holding Pte. Ltd.Disposal · 26,01,96,762
Kayak Investments Holding Pte. Ltd.Disposal · 9,69,58,852
Gurpreet Singh RevisedPledge · 95,143
BalKishan SharmaDisposal · 13,000
Substantial Acquisitions (SAST)
7 disclosure(s)
Market18/09/2025 · 9,60,808
Market09/02/2024 · 1,93,43,813
Market31/05/2023 · 74,40,618
Market16/08/2022 · 38,95,200
Market16/08/2022 · 3,08,63,440
Market16/08/2022 · 6,53,81,218
Company Information
🌐 www.maxhealthcare.in ↗
📍 167 Floor-1 Plot-167, Ready Money Mansion Worli, Mumbai, Maharashtra, 400018
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