अFunda Observatory

MAX HEALTHCARE INSTITUTE LTD vs ASTER DM HEALTHCARE LTD

MAXHEALTH and ASTERDM, both in Hospital/Nursing Management. Monthly data through 2026-10-14. Change the comparison →

Price, rebased to 100

Share price change since Aug '20, the first month all 2 have a price: MAXHEALTH +703%, ASTERDM +418%.

1004668331199Aug '20Nov '21Feb '23May '24Aug '25Oct '261004668331199Aug '20Sep '22Oct '24Oct '26

Rebased at 2020-08. Monthly closes from each company's history.

ROCE

3.0%7.3%11.7%16.0%Jan '19Aug '20Mar '22Oct '23May '25Oct '263.0%7.3%11.7%16.0%Jan '19Aug '21Mar '24Oct '26
MAX HEALTHCARE INSTITUTE LTD (MAXHEALTH)ASTER DM HEALTHCARE LTD (ASTERDM)

Months with a missing value are left as gaps.

Where the return came from

The share price return over 3 years, split into net profit growth, share count change and the change in P/E.

MAXHEALTH Net profit growth: +34 pts+34 ptsP/E change: +15 pts+15 pts +49%
Net profit growthShare count changeP/E changeUnexplained

MAXHEALTH: share price rose 49% over 3 years: +34 pts from net profit growth, +15 pts from the P/E change.

Not shown for ASTERDM: earnings were negative at one end of the window or there is not enough history.

Segments are percentage points of the price return: price = P/E × net profit ÷ share count. These are the same numbers each company's own page shows.

Rank within sector, month by month

Each cell is the company's percentile rank among its own sector peers that month. Darker is higher-ranked. Rows marked ↓ are inverted (lower debt, shorter cash cycle and a lower P/E rank higher).

MAX HEALTHCARE INSTITUTE LTD (MAXHEALTH) · Health Services

ROCE
Op. margin
Revenue growth
EPS growth
Debt/equity ↓
Cash cycle ↓
P/E ↓
12M momentum
Nov '212023202420252026Oct '26
Lower rank Higher rank

ASTER DM HEALTHCARE LTD (ASTERDM) · Health Services

ROCE
Op. margin
Revenue growth
EPS growth
Debt/equity ↓
Cash cycle ↓
P/E ↓
12M momentum
Nov '212023202420252026Oct '26
Lower rank Higher rank

Percentiles use today's listed companies in the sector and need at least 5 peers with a value.

Latest snapshot

MetricMAXHEALTHASTERDM
Share Price₹854.60₹675.70
Market Cap₹82997 cr₹58989 cr
P/E57.0x109.9x
P/B7.7x14.0x
P/S9.5x12.1x
ROCE15.0%12.0%
ROE13.5%12.8%
Operating margin25.0%20.0%
Revenue (TTM), indexed to 100₹8712 cr₹4876 cr
Net Profit (TTM)₹1457 cr₹363 cr
Debt / Equity0.3x0.6x
Cash Conversion Cycle-110d-112d
Promoter holding23.7%40.4%
FII Holding41.8%10.5%
DII Holding29.9%27.6%
12M momentum-25.5%-0.4%
Drawdown from Peak-33.0%-17.8%
Cash conversion (3Y)1.2x0.2x
Interest cover7.8x5.2x
Share Count Change (1Y)0.1%3.6%
Volatility (1Y)26.3%29.0%

Latest month in the data: 2026-10. Highlight marks the higher value, or the lower value for P/E, P/B, P/S, debt, working-capital days, share count change and volatility. It marks a number, not a better investment.

Comparison is descriptive and historical. Highlights mark the higher or lower value on a metric, not a better investment. Not investment advice; ApnaFunda is not a SEBI-registered research analyst.