Comparison · NSE · data 2026-11-02
Max Healthcare Institute Ltd vs Narayana Hrudayalaya Ltd.
In plain words
Size: Max Healthcare Institute Ltd is about 2.4 times the market value of Narayana Hrudayalaya Ltd..
Valuation (P/E): Max Healthcare Institute Ltd 63.3 vs Narayana Hrudayalaya Ltd. 42.6.
Return on equity: Narayana Hrudayalaya Ltd. 19.8% vs Max Healthcare Institute Ltd 14.3%.
Debt to equity: Narayana Hrudayalaya Ltd. 1.29 vs Max Healthcare Institute Ltd 0.32.
Differences in the numbers, not a recommendation of either stock.
Side by side
| MAXHEALTH | NH | |
|---|---|---|
| Price | ₹894.4 | ₹1,799.5 |
| Market cap | ₹83,705 cr | ₹35,144 cr |
| P/E | 63.3 | 42.6 |
| P/B | 7.7 | 7.3 |
| ROE | 14.3% | 19.8% |
| ROCE | 12.9% | 14.5% |
| Debt / equity | 0.32 | 1.29 |
| Operating margin | 21.3% | 12.7% |
| Dividend yield | 0.23% | 0.26% |
| Sales growth, 3 years (yearly) | 22.4% | 20.4% |
| Profit growth, 3 years (yearly) | 9.3% | 9.9% |
| 1-year return | -23.4% | -0.5% |
| Revenue, last 12 months | ₹9,146 cr | ₹10,273 cr |
| Net profit, last 12 months | ₹1,381 cr | ₹859 cr |
| Latest quarter | Sept 2026 | Sept 2026 |
| Quarter net profit | ₹415 cr | ₹301 cr |
| Quarter profit vs a year earlier | -15.5% | +16.5% |
| Promoter holding | 23.71% | 63.27% |
| Health check | Average (5.2/10) | Strong (6.8/10) |
Common questions
Which has a higher P/E, Max Healthcare Institute Ltd or Narayana Hrudayalaya Ltd.?
Max Healthcare Institute Ltd trades at the higher P/E (63.3 against 42.6). A higher P/E means the market pays more for each rupee of past earnings; on its own it does not say which is better.
Which earns a higher return on equity?
Narayana Hrudayalaya Ltd. (19.8% against 14.3%).
Which carries more debt?
Narayana Hrudayalaya Ltd. has the higher debt-to-equity ratio (1.29 against 0.32).