Manipal Health Enterprises (Manipal Hospitals) MANIPALHOS
India's largest hospital network by beds (~13,000 licensed, 49 hospitals) and No. 2 by revenue; leads Bengaluru, Kolkata and Pune; listed Aug 2026
Mapped in 1 theme: Hospitals & Healthcare.
Where Manipal Health Enterprises (Manipal Hospitals) sits in the supply chain
Manipal Health Enterprises (Manipal Hospitals) appears in 1 supply-chain layer in one theme, Hospitals & Healthcare.
Hospitals & Healthcare › Multi-specialty hospital chains
OperatorOther companies in this layer
Revenue and profit
| ₹ Cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 3,975 | 4,806 | 6,172 | 8,242 | 10,336 |
| Net profit | 542 | 429 | 533 | 1,082 | 917 |
Latest-year revenue ₹10,336 Cr (FY26, company-wide).
Strengths
- Scale and metro leadership built through Columbia Asia, AMRI, Medica and Sahyadri acquisitions
- ~13,000 licensed beds across 49 hospitals (Mar 2026) give room to add capacity on existing campuses
- Most of the ~₹8,000 Cr fresh issue repays group borrowings; part buys out minority holders in Sahyadri Hospitals
Risks
- Karnataka still brings close to half of revenue
- Leverage and integration of Sahyadri and other acquired hospitals
- Trades at a premium to listed peers - see the figures
Common questions
What does Manipal Health Enterprises (Manipal Hospitals) do?
India's largest hospital network by beds (~13,000 licensed, 49 hospitals) and No. 2 by revenue; leads Bengaluru, Kolkata and Pune; listed Aug 2026.
Where does Manipal Health Enterprises (Manipal Hospitals) sit in the supply chain?
Manipal Health Enterprises (Manipal Hospitals) (NSE: MANIPALHOS) is mapped in 1 supply-chain layer: Multi-specialty hospital chains (Hospitals & Healthcare).
Who are Manipal Health Enterprises (Manipal Hospitals)'s peers?
In the Multi-specialty hospital chains layer of Hospitals & Healthcare: Apollo Hospitals Enterprise, Max Healthcare Institute, Fortis Healthcare, Global Health (Medanta), Narayana Hrudayalaya (Narayana Health), Aster DM Quality Care and 5 more.
What is Manipal Health Enterprises (Manipal Hospitals)'s market cap and valuation?
As of 6 Nov 2026: market cap ₹85,117 Cr, P/E 96.1x, ROCE 12.1%, ROE 12.7%, dividend yield 0%.