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Last Updated on: 30 May, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Max Healthcare Institute Ltd

About the Company - Max Healthcare Institute Ltd

Max Healthcare Institute Ltd. is a Public Limited Listed company incorporated on 18/06/2001 and has its registered office in the State of Delhi, India. Company’s Corporate Identification Number(CIN) is L72200MH2001PLC322854 and registration number is 111313. Currently Company is involved in the business activities of Hospital activities. Company’s Total Operating Revenue is Rs. 1729.08 Cr. and Equity Capital is Rs. 969.61 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Hospitals & Medical Services401, 4th Floor, Man Excellenza, Mumbai Maharashtra 400056investors@maxhealthcare.com
http://www.maxhealthcare.in
Management
NamePosition Held
Mr. Abhay SoiChairman & Managing Director
Mr. Pranav AminIndependent Director
Mr. Michael Thomas NeebIndependent Director
Mr. Mahendra Gumanmalji LodhaIndependent Director
Mr. K Narasimha MurthyIndependent Director
Mr. Narayan K SeshadriNon Executive Director
Mr. Anil BhatnagarNon Executive Director
Ms. Amrita GangotraIndependent Woman Director

Basic Stock Data of Max Healthcare Institute Ltd

Last Updated: May 30, 2024, 6:19 am

Market Cap 76,723 Cr.
Current Price 789
High / Low910/505
Stock P/E72.5
Book Value 86.5
Dividend Yield0.13 %
ROCE16.0 %
ROE13.4 %
Face Value 10.0
PEG Ratio1.29

Competitors of Max Healthcare Institute Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Shalby Ltd 3,000 Cr. 278340/13636.9 89.20.43 %10.6 %7.37 % 10.0
Sakar Healthcare Ltd 746 Cr. 343479/23063.9 1210.00 %7.53 %5.36 % 10.0
Apollo Hospitals Enterprise Ltd 91,986 Cr. 6,3986,874/4,186117 4530.23 %14.5 %13.7 % 5.00
Metropolis Healthcare Ltd 10,096 Cr. 1,9712,050/1,26079.0 2140.41 %15.4 %12.3 % 2.00
Aster DM Healthcare Ltd 22,758 Cr. 456496/23962.4 87.60.00 %9.21 %11.0 % 10.0
Industry Average25,717.20 Cr1,889.2071.84192.960.21%11.45%9.95%7.40

Max Healthcare Institute Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales7968021,0001,0189769371,0671,1371,1421,2151,2851,3631,335
Expenses635634756779728729802818828874948976949
Operating Profit160168244239247209265319314340337387386
OPM %20%21%24%23%25%22%25%28%28%28%26%28%29%
Other Income40292623462631264540414546
Interest4645272725222222202019911
Depreciation48485454555857585760565861
Profit before tax105104190182213154216265281301303366360
Tax %14%33%23%20%11%20%20%-72%21%17%21%24%20%
Net Profit9070147145190124173457222251240277289
EPS in Rs1.000.721.521.501.961.281.784.722.292.582.472.852.98

Max Healthcare Institute Ltd Quarterly Chart

Max Healthcare Institute Ltd Profit & Loss

MonthMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales1,6081,7291,6911,0592,5083,9374,5635,004
Expenses1,4671,6161,5359652,1012,9863,3223,625
Operating Profit141113156944079511,2411,379
OPM %9%7%9%9%16%24%27%28%
Other Income59655648-122110139172
Interest10099101831791018468
Depreciation969410346174221232231
Profit before tax5-15813-697391,0641,252
Tax %-236%-65%102%-1%-67%18%-4%
Net Profit16-25-059-1386051,104990
EPS in Rs0.29-0.47-0.061.10-1.426.2411.3710.19
Dividend Payout %0%0%0%0%0%0%9%

Max Healthcare Institute Ltd Profit & Loss Yearly Chart

Max Healthcare Institute Ltd Growth

Compounded Sales Growth
10 Years:%
5 Years:26%
3 Years:29%
TTM:18%
Compounded Profit Growth
10 Years:%
5 Years:780%
3 Years:96%
TTM:-4%
Stock Price CAGR
10 Years:%
5 Years:%
3 Years:52%
1 Year:46%
Return on Equity
10 Years:%
5 Years:11%
3 Years:13%
Last Year:13%

Last Updated: May 25, 2024, 11:53 am

Max Healthcare Institute Ltd Balance Sheet

MonthMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital537537537537966970971972
Reserves6556274262,0164,6735,3136,4396,874
Borrowings8749811,0038751,101913689660
Other Liabilities1,0801,1571,3895461,8031,9932,0032,150
Total Liabilities3,1463,3023,3553,9748,5439,18910,10210,656
Fixed Assets2,2442,2272,1928516,5367,0187,0397,126
CWIP4638872827151252254
Investments0012,1821111
Other Assets8561,0361,0759131,9802,0202,8103,276
Total Assets3,1463,3023,3553,9748,5439,18910,10210,656

Max Healthcare Institute Ltd Reserves and Borrowings Chart

Max Healthcare Institute Ltd Cash Flow

MonthMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 15616689771187411,209
Cash from Investing Activity -104-124-17-2,641206-764-1,187
Cash from Financing Activity -48-48-742,353191-294-289
Net Cash Flow4-6-2-210516-317-266

Max Healthcare Institute Ltd Financial Efficiency Indicators

MonthMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days53597833533627
Inventory Days20242643342430
Days Payable184227292286274174212
Cash Conversion Cycle-111-144-188-210-187-114-155
Working Capital Days7-2-136116-32-13-39
ROCE %4%6%4%7%12%15%

Max Healthcare Institute Ltd Financial Efficiency Indicators Chart

Max Healthcare Institute Ltd Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters70.46%60.91%60.68%50.64%50.64%23.80%23.78%23.77%23.76%23.76%23.75%23.75%
FIIs14.05%14.23%16.67%14.59%23.34%49.27%50.15%51.96%59.89%60.39%60.69%57.33%
DIIs7.95%8.70%15.67%17.57%19.42%21.16%20.47%19.36%11.90%11.40%11.55%14.96%
Public7.54%16.16%6.97%17.20%6.61%5.76%5.61%4.92%4.45%4.45%3.99%3.97%
No. of Shareholders70,65591,9371,11,8771,20,0791,05,0001,01,6591,11,7011,04,6561,11,3741,18,6351,11,3381,27,009

Max Healthcare Institute Ltd Shareholding Pattern Chart

No. of Max Healthcare Institute Ltd Shareholders

Max Healthcare Institute Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
HDFC Mid-Cap Opportunities Fund - Regular Plan24,302,3052.961545.14
Canara Robeco Emerging Equities7,844,2302.65498.74
PGIM India Midcap Opportunities Fund4,562,1202.96290.06
SBI Magnum Midcap Fund4,500,0001.98286.11
Nippon India Growth Fund4,100,0001.22260.68
SBI Large & Midcap Fund3,679,0761.36233.92
SBI Flexi Cap Fund3,605,8991.23229.26
PGIM India Flexi Cap Fund2,871,0653.1182.54
Canara Robeco Flexi Cap Fund2,780,5701.64176.79
HSBC Midcap Fund2,549,6101.83162.1

Max Healthcare Institute Ltd ROCE Trend

Max Healthcare Institute Ltd EPS Trend

Max Healthcare Institute Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.00
Basic EPS (Rs.)11.386.25-1.591.01
Diluted EPS (Rs.)11.366.24-1.591.01
Cash EPS (Rs.)13.768.520.611.09
Book Value[Excl.RevalReserv]/Share (Rs.)76.3164.7958.3747.52
Book Value[Incl.RevalReserv]/Share (Rs.)76.3164.7958.3747.52
Revenue From Operations / Share (Rs.)46.9940.5525.9319.71
PBDIT / Share (Rs.)14.2111.035.372.64
PBIT / Share (Rs.)11.828.753.571.79
PBT / Share (Rs.)10.967.62-0.710.23
Net Profit / Share (Rs.)11.376.24-1.190.24
NP After MI And SOA / Share (Rs.)11.376.24-1.421.10
PBDIT Margin (%)30.2427.2120.7013.37
PBIT Margin (%)25.1521.5813.759.06
PBT Margin (%)23.3118.79-2.741.20
Net Profit Margin (%)24.1815.38-4.571.21
NP After MI And SOA Margin (%)24.1815.38-5.495.57
Return on Networth / Equity (%)14.899.63-2.432.31
Return on Capital Employeed (%)12.6710.064.433.23
Return On Assets (%)10.926.58-1.601.48
Long Term Debt / Equity (X)0.060.100.140.04
Total Debt / Equity (X)0.070.110.150.32
Asset Turnover Ratio (%)0.210.210.180.00
Current Ratio (X)1.861.321.452.89
Quick Ratio (X)1.791.241.382.86
Interest Coverage Ratio (X)16.4510.612.891.70
Interest Coverage Ratio (Post Tax) (X)14.167.091.661.16
Enterprise Value (Cr.)41914.3233863.1120147.550.00
EV / Net Operating Revenue (X)9.198.618.040.00
EV / EBITDA (X)30.3831.6538.850.00
MarketCap / Net Operating Revenue (X)9.388.567.950.00
Price / BV (X)5.785.353.530.00
Price / Net Operating Revenue (X)9.388.567.950.00
EarningsYield0.020.01-0.010.00

Max Healthcare Institute Ltd Profitability Ratios (%)

Max Healthcare Institute Ltd Liquidity Ratios

Max Healthcare Institute Ltd Liquidity Ratios (%)

Max Healthcare Institute Ltd Interest Coverage Ratios (%)

Max Healthcare Institute Ltd Valuation Ratios

Fair Value

Fair Value: ₹841.44

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

Undervalued: 6.65% compared to the current price ₹789

Intrinsic Value: ₹1,313.35

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 66.46% compared to the current price ₹789

Last 5 Year EPS CAGR: 56.08%

*Investments are subject to market risks

Strength and Weakness of Max Healthcare Institute Ltd Stock

StrengthWeakness
  1. The stock has a low average Working Capital Days of -14.14, which is a positive sign.
  2. The stock has a low average Cash Conversion Cycle of -158.43, which is a positive sign.
  3. The company has higher reserves (3,377.88 cr) compared to borrowings (887.00 cr), indicating strong financial stability.
  4. The company has shown consistent growth in sales (2.25 cr) and profit (85.38 cr) over the years.
  1. The stock has a low average ROCE of 6.86%, which may not be favorable.

FAQ

What is the latest fair value of Max Healthcare Institute Ltd?

The latest fair value of Max Healthcare Institute Ltd is ₹841.44.

What is the Market Cap of Max Healthcare Institute Ltd?

The Market Cap of Max Healthcare Institute Ltd is 76,723 Cr..

What is the current Stock Price of Max Healthcare Institute Ltd as on 30 May 2024?

The current stock price of Max Healthcare Institute Ltd as on 30 May 2024 is ₹789.

What is the High / Low of Max Healthcare Institute Ltd stocks in FY 2024?

In FY 2024, the High / Low of Max Healthcare Institute Ltd stocks is 910/505.

What is the Stock P/E of Max Healthcare Institute Ltd?

The Stock P/E of Max Healthcare Institute Ltd is 72.5.

What is the Book Value of Max Healthcare Institute Ltd?

The Book Value of Max Healthcare Institute Ltd is 86.5.

What is the Dividend Yield of Max Healthcare Institute Ltd?

The Dividend Yield of Max Healthcare Institute Ltd is 0.13 %.

What is the ROCE of Max Healthcare Institute Ltd?

The ROCE of Max Healthcare Institute Ltd is 16.0 %.

What is the ROE of Max Healthcare Institute Ltd?

The ROE of Max Healthcare Institute Ltd is 13.4 %.

What is the Face Value of Max Healthcare Institute Ltd?

The Face Value of Max Healthcare Institute Ltd is 10.0.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Max Healthcare Institute Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE