Max Healthcare Institute Ltd
About
Max Healthcare Institute Limited is an Indian for-profit private hospital chain headquartered in Delhi.As of 2024, Max Healthcare operates 19 hospitals with more than 4,000 beds, primarily in North India.Max Healthcare also operates the Max Lab pathology and Max@Home home medical services divisions.Max Healthcare opened its first medical center in South Delhi's Panchsheel Park in 2000. In September 2024, Max Healthcare acquired a 64% stake in Jaypee Healthcare at an enterprise value of ₹1,660 crore (US$190 million), gaining control of three hospitals in Noida, Bulandshahr and Anupshahr.The institute offers a program affiliated with the Lincoln American University, Guyana to train MBBS students. The clinical rotation of 88 weeks is divided among surgery, obstetrics and gynecology, pediatrics, and family medicine, and various electives like gastroenterology, urology, nephrology, psychiatry, dermatology, orthopedics etc.
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Financial Data 2024
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Financial Data
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (INR Cr) | 5883 18.0% | 4985 16.2% | 4291 63.8% | 2619 32.7% | 1974 13.1% | 1746 -3.0% | 1800 7.9% | 1668 13.1% | 1475 26.7% | 1164 20.4% | 967 53.0% | 632 22.4% | 516 14.3% | 452 17.3% | 385 20.2% | 320 - |
| Net Operating Income (INR Cr) | 5704 18.07% | 4831 15.90% | 4169 66.21% | 2508 33.09% | 1884 11.44% | 1691 -2.20% | 1729 7.52% | 1608 12.14% | 1434 26.51% | 1134 20.03% | 944 0.00% | 591 27.88% | 462 14.51% | 404 19.06% | 339 25.61% | 270 20.43% |
| Profit (INR Cr) | 1058 -4.2% | 1104 82.4% | 605 - | -138 - | 95 - | -3 - | -25 - | 16 - | -23 - | -37 - | -65 - | -58 - | -33 - | 1 - | -3 - | 48 - |
| Assets (INR Cr) | 10347 18.9% | 8704 10.7% | 7864 8.1% | 7274 187.3% | 2532 27.0% | 1994 -24.1% | 2626 3.5% | 2537 5.0% | 2415 91.7% | 1260 13.5% | 1110 -4.4% | 1161 -0.1% | 1162 38.7% | 838 -3.1% | 865 14.9% | 753 - |
| Net Worth (INR Cr) | 8408 13.5% | 7410 17.9% | 6282 11.4% | 5639 471.1% | 987 2.5% | 963 -17.3% | 1164 -2.4% | 1192 5.7% | 1128 35.7% | 831 72.0% | 484 0.0% | 562 -12.3% | 641 166.1% | 241 -9.3% | 265 -0.6% | 267 22.2% |
| Employee Cost (INR Cr) | 937 15.7% | 810 5.3% | 769 30.6% | 589 31.1% | 449 2.0% | 441 4.2% | 423 19.7% | 353 16.0% | 305 31.3% | 232 22.9% | 189 35.3% | 140 12.9% | 124 38.5% | 89 7.9% | 83 58.1% | 52 - |
| Interest Cost (INR Cr) | 60 | 84 | 101 | 179 | 153 | 101 | 99 | 100 | 68 | 61 | 62 | 42 | 39 | 36 | 32 | 24 |
| Cash & Bank Balance (INR Cr) | 1099 | 1468 | 499 | 653 | 281 | 12 | 90 | 23 | 13 | 27 | 16 | 22 | 73 | 27 | 36 | 32 |
| Total Debt (INR Cr) | 1299 | 689 | 913 | 1101 | 1516 | 1003 | 981 | 874 | 803 | 421 | 481 | 380 | 323 | 344 | 350 | 236 |
Key Financial Ratios
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profit As % Of Revenues | 18.0% | 22.1% | 14.1% | - | 4.8% | - | - | 1.0% | - | - | - | - | - | 0.1% | - | 14.9% |
| Profit As % Of Assets | 10.2% | 12.7% | 7.7% | - | 3.8% | - | - | 0.6% | - | - | - | - | - | 0.1% | - | 6.3% |
| Profit As % Of Networth | 12.6% | 14.9% | 9.6% | - | 9.7% | - | - | 1.3% | - | - | - | - | - | 0.2% | - | 17.8% |
| Interest Cost to EBITDA % | 4.0% | 6.8% | 10.8% | 103.5% | 52.8% | 65.3% | 87.7% | 71.0% | 65.4% | 81.3% | 207.9% | - | - | 2775.0% | - | 130.3% |
| Debt to Equity Ratio | 0.15 | 0.09 | 0.15 | 0.20 | 1.54 | 1.04 | 0.84 | 0.73 | 0.71 | 0.51 | 0.99 | 0.68 | 0.50 | 1.43 | 1.32 | 0.88 |
| RONW | 13.4% | 16.1% | 10.2% | - | 8.0% | - | - | 1.1% | - | - | - | - | - | 0.5% | - | 10.6% |
| ROCE | 15.0% | 13.9% | 11.1% | 0.0% | 9.8% | 0.0% | 0.0% | 3.9% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 4.1% | 0.0% | 5.0% |