Max Healthcare vs ASTERDM: share price, P/E, ROE and financials compared
Max Healthcare Institute
Aster DM Quality Care
Max Healthcare and ASTERDM at a glance
Max Healthcare and ASTERDM are both listed in Healthcare. Max Healthcare is the larger by market cap, at ₹90,909 Cr against ₹62,092 Cr for ASTERDM (1.5 times as large). On valuation, Max Healthcare has the lower P/E (66.1× against 115.6×). On returns and margins, Max Healthcare has the higher ROCE (12.6% against 9.4%), the higher ROE (12.8% against 9.7%) and the higher operating margin (26.8% against 19.2%). Over three years, Max Healthcare has faster 3-year sales growth (+22.4% against +15.7% a year) and faster 3-year profit growth (+9.3% against −3.0% a year). Max Healthcare carries less debt for its equity, with a debt-to-equity of 0.33× against 0.46×.
Key metrics, side by side
| Metric | Max HealthcareMAXHEALTH | ASTERDMASTERDM |
|---|---|---|
| Price (₹) | 934.00 | 713.15 |
| Market cap (₹ Cr) | 90,909 | 62,092 |
| P/E | 66.1× (the lower figure, shaded) | 115.6× |
| P/B | 8.03× | 8.03× |
| Dividend yield, trailing | 0.21% | 0.42% (the higher figure, shaded) |
| ROE | 12.8% (the higher figure, shaded) | 9.7% |
| ROCE | 12.6% (the higher figure, shaded) | 9.4% |
| Operating margin (OPM) | 26.8% (the higher figure, shaded) | 19.2% |
| Net margin (NPM) | 15.1% (the higher figure, shaded) | 6.5% |
| Sales CAGR 3Y | +22.4% (the higher figure, shaded) | +15.7% |
| Profit CAGR 3Y | +9.3% (the higher figure, shaded) | −3.0% |
| Debt to equity | 0.33× (the lower figure, shaded) | 0.46× |
| Interest cover | 8.8× (the higher figure, shaded) | 6.8× |
| Net profit TTM (₹ Cr) | 1,381 | – |
| 1Y return | −18.1% | +4.5% (the higher figure, shaded) |
| Promoter holding | 23.71% | 53.79% |
Max Healthcare vs ASTERDM: common questions
Which is bigger, Max Healthcare or ASTERDM?
By market cap, Max Healthcare is bigger at ₹90,909 Cr, against ₹62,092 Cr for ASTERDM (prices as of 6 Nov 2026).
Which has a lower P/E ratio, Max Healthcare or ASTERDM?
Max Healthcare trades at a P/E of 66.1× and ASTERDM at 115.6×. Max Healthcare 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, Max Healthcare or ASTERDM?
Max Healthcare reports a return on equity of 12.8% and ASTERDM 9.7%. Max Healthcare has the higher ROE. ROE is net profit as a share of shareholders’ equity.
Which is growing faster, Max Healthcare or ASTERDM?
Over the last three years: Sales grew +22.4% a year at Max Healthcare and +15.7% at ASTERDM, so Max Healthcare grew sales faster; profit grew +9.3% a year at Max Healthcare and −3.0% at ASTERDM, so Max Healthcare grew profit faster. Past growth doesn’t predict future growth.