Max Healthcare Institute Limited has informed the Exchange about Investor Presentation
MAXHEALTH · price
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Max Healthcare is India's second largest hospital chain with 6,000+ beds across 21 facilities, primarily in metro cities (73% of beds). The company reported FY26 net revenue of ₹10,065 crore (up 16% YoY) with operating EBITDA of ₹2,638 crore at 26.2% margin and PAT of ₹1,631 crore (up 22% YoY). The company has demonstrated strong historical growth with 5-year EBITDA CAGR of 33% and revenue CAGR of 22%. Management is pursuing a multi-pronged growth strategy including brownfield expansion adding ~2,000 beds, asset-light built-to-suit models, M&A opportunities, and capital-light adjacencies like Max Lab pathology and Max@Home homecare services. The company has visibility to add 8,400+ beds over coming years, with ~4,000 beds expected in the next 3-4 years at an estimated capex outflow of ₹6,672 crore.
The presentation reinforces Max Healthcare's position as a quality healthcare operator with proven acquisition integration capabilities, strong cash generation (₹1,541 crore in FY26 operating cash flow), and a disciplined ROCE-focused expansion strategy. The company's metro-centric presence and high proportion of quaternary care services should support continued ARPOB improvement and margin expansion as new capacity gets absorbed.