Manipal Health Enterprises Limited

About

Manipal Health Enterprises Limited operates hospitals in India. The company offers services, such as multi-specialty tertiary and quaternary care through its network of hospitals. Its services include accident and emergency care, cancer care, cardiology, organ transplants, obstetrics and gynaecology, neurology, nephrology, orthopaedics, proctology, rheumatology, and urology. The company also offers medical services, including robotic spine surgery, bariatric surgery, head and neck surgery, liver transplantation, dialysis, laparoscopic surgery, organ transplant, orthopaedic robotic surgery, spine care, and clinics for conditions like epilepsy, chronic pain, and diabetes. Additionally, It offers home care, woman and child care centre, an insurance helpdesk, and international patient services. The company also delivers outpatient treatment, diagnostics, and advanced clinical care through its hospital network, and collaborates with foundations and NGOs to offer healthcare services to underserved populations. The company was founded in 1991 and is headquartered in Bengaluru, India.

Key Metrics

as of Sep 2026

Market Cap95,391 Cr

P/E108.00

Div Yield0.00 %

Book Value—

52w High₹815.00

52w Low₹625.00

Face Value₹2.00

Quarterly Results

Rs. Crores · hover row for definition

Metric	Jun 2026	Mar 2026	Jun 2025
Sales	1,048.00	967.00	818.00
Expenses	798.00	744.00	595.00
Operating Profit	250.00	223.00	223.00
OPM %	24.00	23.00	27.00
Other Income	27.00	15.00	35.00
Depreciation	64.00	61.00	47.00
Interest	62.00	58.00	43.00
Profit before tax	152.00	118.00	168.00
Tax %	24.00	22.00	25.00
Net Profit	116.00	92.00	126.00
EPS in Rs	0.98	0.78	1.09

Profit & Loss

Annual · Rs. Crores

Metric	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Sales	3,584.00	3,104.00	2,707.00	2,408.00	2,120.00	1,407.00
Expenses	2,690.00	2,258.00	1,912.00	1,736.00	1,648.00	1,108.00
Operating Profit	894.00	846.00	795.00	673.00	471.00	299.00
OPM %	25.00	27.00	29.00	28.00	22.00	21.00
Other Income	96.00	101.00	18.00	-77.00	176.00	-16.00
Interest	203.00	149.00	168.00	172.00	185.00	151.00
Depreciation	223.00	149.00	139.00	139.00	125.00	128.00
Profit before tax	564.00	649.00	505.00	285.00	336.00	4.00
Tax %	24.00	17.00	33.00	32.00	22.00	511.00
Net Profit	430.00	535.00	336.00	194.00	264.00	-16.00
EPS in Rs	3.64	13.89	44.47	25.70	34.87	-2.39
Dividend Payout %	0.00	0.00	0.00	0.00	0.00	0.00

Balance Sheet

Annual · Rs. Crores — latest first

Metric	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Equity Capital	77.00	76.00	76.00	76.00	69.00
Reserves	5,138.00	3,822.00	3,300.00	3,100.00	1,701.00
Borrowings	2,516.00	1,642.00	1,301.00	1,199.00	1,073.00
Other Liabilities	639.00	675.00	953.00	1,364.00	907.00
Total Liabilities	8,369.00	6,215.00	5,629.00	5,738.00	3,749.00
Fixed Assets	1,652.00	1,589.00	1,544.00	1,541.00	1,573.00
CWIP	1,306.00	378.00	374.00	388.00	381.00
Investments	4,636.00	3,391.00	3,202.00	2,937.00	1,115.00
Other Assets	776.00	858.00	509.00	871.00	681.00
Total Assets	8,369.00	6,215.00	5,629.00	5,738.00	3,749.00

Cash Flows

Annual · Rs. Crores — latest first

Metric	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Cash from Operating Activity	644.00	624.00	616.00	375.00	390.00
Cash from Investing Activity	-1,852.00	-405.00	-511.00	-1,465.00	-213.00
Cash from Financing Activity	1,107.00	-19.00	-97.00	1,095.00	-198.00
Net Cash Flow	-100.00	199.00	8.00	5.00	-21.00
Free Cash Flow	-59.00	481.00	476.00	308.00	316.00
CFO/OP %	94.00	98.00	110.00	91.00	107.00

Ratios

Annual · Days / % — latest first

Metric	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Debtor Days	22.00	18.00	19.00	27.00	22.00
Inventory Days	17.00	21.00	12.00	24.00	16.00
Days Payable	247.00	297.00	333.00	245.00	410.00
Cash Conversion Cycle	-208.00	-258.00	-302.00	-193.00	-373.00
Working Capital Days	-55.00	-66.00	-71.00	-170.00	-103.00
ROCE %	12.00	14.00	13.00	11.00	—