Healthcare Services industry
86 companies · ₹6.6 L cr · 24 with AI deep dives
5y revenue CAGR
median 12.36%(p25 4.7% · p75 20.84%)
5y avg ROCE
median 11.73%(p25 5.64% · p75 18.1%)
Debt / equity
median 0.18x(p25 0.07x · p75 0.44x)
AI sector brief
from the bucket's latest earnings calls · as of 2026-06-30mixedSector-wide capacity build-out: brownfield and greenfield pipeline at multi-year highs9 managements
Nearly every hospital management described a step-change in capacity additions in FY26 with further large-scale expansion ahead. Max Healthcare rolled out 20%+ brownfield capacity…
- MAXHEALTH (Q4FY26): “over the last 2 quarters, we have rolled out phased commissioning of more than 20%…”
headwind6 managements🔒tailwind8 managements🔒tailwind5 managements🔒headwind3 managements🔒headwind3 managements🔒headwind3 managements🔒
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| Company | Mcap | AI verdict | Signals | Stated KPIs (latest call) |
|---|---|---|---|---|
| Apollo Hospitals Enterprise Ltd | ₹1.3 L cr | Unlock | earnings quality strong | |
| Max Healthcare Institute Ltd | ₹1.1 L cr | Unlock | earnings quality strongcapex intensity elevated | |
| Fortis Healthcare Ltd | ₹71,411 cr | Unlock | earnings quality strong | |
| Narayana Hrudayalaya Ltd | ₹42,466 cr | Unlock | latent operating leverageearnings quality stronglevering upcapex intensity elevated | |
| Aster DM Healthcare Ltd | ₹42,154 cr | Unlock | ||
| Global Health Ltd | ₹37,590 cr | Unlock | earnings quality strongdeleveragingcapex intensity elevated | |
| Krishna Institute of Medical Sciences Ltd | ₹33,489 cr | Unlock | latent operating leverageearnings quality stronglevering upcapex intensity elevated | |
| Dr Lal Pathlabs Ltd | ₹30,279 cr | Unlock | roce compounderearnings quality stronggross block efficient | |
| Syngene International Ltd | ₹16,556 cr | Unlock | capex coming onlineearnings quality strongnet cashcapex ahead of revenue | |
| Dr Agarwals Health Care Ltd | ₹15,583 cr | Unlock | earnings quality strongnet cashcapex intensity elevated | |
| Rainbow Childrens Medicare Ltd | ₹14,896 cr | Unlock | earnings quality strongcapex intensity elevated | |
| Vijaya Diagnostic Centre Ltd | ₹14,015 cr | Unlock | latent operating leverageearnings quality strongcapex intensity elevated | |
| Indegene Ltd | ₹12,203 cr | Unlock | earnings quality strong | |
| Metropolis Healthcare Ltd | ₹12,080 cr | Unlock | earnings quality strongnet cash | |
| Park Medi World Ltd | ₹11,997 cr | Unlock | roce compounderearnings quality strong | |
| Healthcare Global Enterprises Ltd | ₹10,108 cr | Unlock | earnings quality stronglevering up | |
| Thyrocare Technologies Ltd | ₹9,216 cr | Unlock | earnings quality strongcapex intensity elevatedgross block efficient | |
| Yatharth Hospital & Trauma Care Services Ltd | ₹8,034 cr | Unlock | capex intensity elevated | |
| Suven Life Sciences Ltd | ₹7,841 cr | Unlock | latent operating leveragecapex intensity elevatedgross block underutilised | |
| Nephrocare Health Services Ltd | ₹6,929 cr | Unlock | earnings quality strongnet cash | |
| Kovai Medical Center & Hospital Ltd | ₹6,367 cr | Unlock | earnings quality strongcapex intensity elevated | |
| Artemis Medicare Services Ltd | ₹4,390 cr | Unlock | earnings quality strongcapex intensity elevated | |
| Indraprastha Medical Corporation Ltd | ₹3,398 cr | Unlock | roce compounderearnings quality stronggross block efficient | |
| Vimta Labs Ltd | ₹2,689 cr | Unlock | earnings quality strongnet cashcapex intensity elevated | |
| Dr Agarwals Eye Hospital Ltd | ₹2,448 cr | Unlock | latent operating leveragecapex coming onlineearnings quality strongcapex intensity elevated | |
| Jupiter Life Line Hospitals Ltd | ₹2,168 cr | Unlock | earnings quality strongcapex intensity elevated | |
| Kmc Speciality Hospitals India Ltd | ₹2,124 cr | Unlock | latent operating leverageearnings quality strongcapex intensity elevated | |
| Shalby Ltd | ₹1,744 cr | Unlock | capex intensity elevated | |
| Krsnaa Diagnostics Ltd | ₹1,729 cr | Unlock | capex coming onlineearnings quality strongcapex intensity elevated | |
| GPT Healthcare Ltd | ₹1,366 cr | Unlock | capex coming onlineearnings quality strongnet cashcapex intensity elevated | |
| Suraksha Diagnostic Ltd | ₹1,295 cr | Unlock | earnings quality strongnet cashcapex intensity elevated | |
| Unihealth Hospitals Ltd | ₹1,140 cr | Unlock | earnings quality weakcapex intensity elevated | |
| One Global Service Provider Ltd | ₹1,139 cr | Unlock | earnings quality weaknet cashgross block efficient | |
| 3B Blackbio DX Ltd | ₹1,115 cr | Unlock | latent operating leveragenet cashcapex intensity elevatedgross block efficient | |
| Gaudium IVF and Women Health Ltd | ₹1,059 cr | Unlock | capex coming onlineroce compounderearnings quality weakgross block efficient | |
| Gujarat Kidney & Super Speciality Ltd | ₹1,003 cr | Unlock | earnings quality weaknet cashcapex intensity elevated | |
| Health X Platform Ltd | ₹958 cr | Unlock | net cashcapex intensity elevatedgross block efficient | |
| Chandan Healthcare Ltd | ₹562 cr | Unlock | roce compounderearnings quality weakcapex intensity elevated | |
| Asarfi Hospital Ltd | ₹419 cr | Unlock | earnings quality strongcapex intensity elevated | |
| Take Solutions Ltd | ₹306 cr | Unlock | ||
| Hannah Joseph Hospital Ltd | ₹256 cr | Unlock | earnings quality strong | |
| Lotus Eye Hospital & Institute Ltd | ₹250 cr | Unlock | earnings quality strongcapex intensity elevated | |
| Aashka Hospitals Ltd | ₹177 cr | Unlock | earnings quality weaknet cashgross block underutilised | |
| Novelix Pharmaceuticals Ltd | ₹170 cr | Unlock | capex coming onlinenet cashgross block efficient | |
| Star Imaging & Path Lab Ltd | ₹151 cr | Unlock | roce compounderearnings quality strong | |
| Abate As Industries Ltd | ₹151 cr | Unlock | earnings quality weaknet cash | |
| Jeevan Scientific Technology Ltd | ₹145 cr | Unlock | capital destroyercapex intensity elevated | |
| Bilcare Ltd | ₹138 cr | Unlock | capital destroyercapex intensity elevated | |
| Aspira Pathlab & Diagnostics Ltd | ₹115 cr | Unlock | earnings quality stronggross block efficient | |
| Nephro Care India Ltd | ₹102 cr | Unlock | ||
| Fortis Malar Hospitals Ltd | ₹93 cr | Unlock | earnings quality weak | |
| Globalspace Technologies Ltd | ₹84 cr | Unlock | capex coming onlineearnings quality strongnet cashcapex intensity elevated | |
| Invicta Diagnostic Ltd | ₹83 cr | Unlock | net cashcapex intensity elevated | |
| Maitreya Medicare Ltd | ₹81 cr | Unlock | gross block underutilised | |
| Choksi Laboratories Ltd | ₹79 cr | Unlock | earnings quality strongdeleveragingcapex intensity elevated | |
| Modern Diagnostic & Research Centre Ltd | ₹77 cr | Unlock | capex intensity elevated | |
| Sangani Hospitals Ltd | ₹62 cr | Unlock | earnings quality strongnet cash | |
| Shanmuga Hospital Ltd | ₹59 cr | Unlock | earnings quality weakcapex intensity elevatedgross block underutilised | |
| Medinova Diagnostic Services Ltd | ₹44 cr | Unlock | latent operating leverageearnings quality stronggross block efficient | |
| Aatmaj Healthcare Ltd | ₹42 cr | Unlock | earnings quality strongcapex intensity elevatedgross block underutilised | |
| Bandaram Pharma Packtech Ltd | ₹40 cr | Unlock | deleveraginggross block efficient | |
| Ngindustries Ltd | ₹39 cr | Unlock | net cashgross block efficient | |
| Sharma East India Hospitals & Res | ₹33 cr | Unlock | earnings quality strongdeleveraginggross block efficient | |
| Deccan Health Care Ltd | ₹31 cr | Unlock | net cashgross block efficient | |
| Tejnaksh Healthcare Ltd | ₹29 cr | Unlock | earnings quality strongcapex intensity elevatedgross block underutilised | |
| Chennai Meenakshi Multispeciality Hospital Ltd | ₹28 cr | Unlock | earnings quality stronggross block efficient | |
| Samsrita Labs Ltd | ₹27 cr | Unlock | ||
| Kk Shah Hospitals Ltd | ₹27 cr | Unlock | capex intensity elevatedgross block underutilised | |
| Adeshwar Meditex Ltd | ₹24 cr | Unlock | latent operating leverageearnings quality stronggross block efficient | |
| Transgene Biotek Ltd | ₹23 cr | Unlock | levering upcapex intensity elevatedgross block underutilised | |
| Soni Medicare Ltd | ₹21 cr | Unlock | capital destroyercyclical peak basegross block efficient | |
| Nidan Laboratories & Healthcare Ltd | ₹18 cr | Unlock | earnings quality strong | |
| Vanta Bioscience Ltd | ₹18 cr | Unlock | latent operating leveragelevering upcapital destroyercapex intensity elevated | |
| Family Care Hospitals Ltd | ₹15 cr | Unlock | latent operating leveragecapital destroyergross block underutilised | |
| Global Longlife Hospital & Research Ltd | ₹13 cr | Unlock | ||
| Dolphin Medical Services Ltd | ₹11 cr | Unlock | capex coming onlinenet cashcapex ahead of revenuecapex intensity elevated | |
| Dhanvantri Jeevan Rekha Ltd | ₹11 cr | Unlock | earnings quality stronggross block efficient | |
| Looks Health Services Ltd | ₹10 cr | Unlock | ||
| Clinitech Laboratory Ltd | ₹9 cr | Unlock | earnings quality weaknet cash | |
| Broach Lifecare Hospital Ltd | ₹8 cr | Unlock | earnings quality strongcapex intensity elevated | |
| Dr Lalchandani Labs Ltd | ₹7 cr | Unlock | capital destroyer | |
| Ashram Onlinecom Ltd | ₹6 cr | Unlock | capex intensity elevatedgross block efficient | |
| Gian Life Care Ltd | ₹5 cr | Unlock | latent operating leverage | |
| Boston Commerce Ltd | ₹4 cr | Unlock | ||
| Ads Diagnostics Ltd | ₹2 cr | Unlock | deleveraginggross block efficient | |
| Kids Medical Systems Ltd | ₹0 cr | Unlock |