Apollo Hospitals vs Manipal Health: share price, P/E, ROE and financials compared
Apollo Hospitals Enterprise
Manipal Health Enterprises
Apollo Hospitals and Manipal Health at a glance
Apollo Hospitals and Manipal Health are both listed in Healthcare. Apollo Hospitals is the larger by market cap, at ₹1.2L Cr against ₹85,065 Cr for Manipal Health (1.4 times as large). On valuation, Apollo Hospitals has the lower P/E (54.0× against 133.6×), while Manipal Health has the lower price-to-book (9.05× against 11.45×). On returns and margins, Apollo Hospitals has the higher ROCE (19.2% against 9.8%) and the higher ROE (22.5% against 9.2%), while Manipal Health has the higher operating margin (17.8% against 15.1%). Apollo Hospitals carries less debt for its equity, with a debt-to-equity of 0.73× against 1.46×.
Key metrics, side by side
| Metric | Apollo HospitalsAPOLLOHOSP | Manipal HealthMANIPALHOS |
|---|---|---|
| Price (₹) | 8,446.00 | 646.70 |
| Market cap (₹ Cr) | 1,21,441 | 85,065 |
| P/E | 54.0× (the lower figure, shaded) | 133.6× |
| P/B | 11.45× | 9.05× (the lower figure, shaded) |
| Dividend yield, trailing | 0.24% (the higher figure, shaded) | 0.00% |
| ROE | 22.5% (the higher figure, shaded) | 9.2% |
| ROCE | 19.2% (the higher figure, shaded) | 9.8% |
| Operating margin (OPM) | 15.1% | 17.8% (the higher figure, shaded) |
| Net margin (NPM) | 8.1% | 7.8% |
| Sales CAGR 3Y | +14.8% | – |
| Profit CAGR 3Y | +33.3% | – |
| Debt to equity | 0.73× (the lower figure, shaded) | 1.46× |
| Interest cover | 8.5× (the higher figure, shaded) | 1.8× |
| Net profit TTM (₹ Cr) | – | – |
| 1Y return | +7.2% (the higher figure, shaded) | −1.5% |
| Promoter holding | 28.02% | 72.08% |
Apollo Hospitals vs Manipal Health: common questions
Which is bigger, Apollo Hospitals or Manipal Health?
By market cap, Apollo Hospitals is bigger at ₹1.2L Cr, against ₹85,065 Cr for Manipal Health (prices as of 6 Nov 2026).
Which has a lower P/E ratio, Apollo Hospitals or Manipal Health?
Apollo Hospitals trades at a P/E of 54.0× and Manipal Health at 133.6×. Apollo Hospitals has the lower P/E. P/E is the share price divided by earnings per share; it varies a lot between industries and with growth, so it says little on its own.
Which has a higher ROE, Apollo Hospitals or Manipal Health?
Apollo Hospitals reports a return on equity of 22.5% and Manipal Health 9.2%. Apollo Hospitals has the higher ROE. ROE is net profit as a share of shareholders’ equity.