Max IndiaNSE:MAXIND -0.04%66 Gross Margin % is 74.51% as of Mar. 2026, which is 14% above its 10-year median of 65.33. GuruFocus rates NSE:MAXIND with a GF Score™ of 66/100 and a GF Value™ of ₹205.37 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 630 Healthcare Providers & Services companies, Max India ranks better than 80.48% on this metric.
Gross Margin % is calculated as gross profit divided by its revenue. Max India's Gross Profit for the
three
months ended in Mar. 2026 was ₹489 Mil. Max India's Revenue for the
three
months ended in Mar. 2026 was ₹656 Mil. Therefore, Max India's Gross Margin % for the quarter that ended in Mar. 2026 was 74.51%.
The historical rank and industry rank for Max India's Gross Margin % or its related term are showing as below:
NSE:MAXIND'
s Gross Margin % Range Over the Past 10 Years
Min: 31.41 Med: 65.33 Max: 85.55
Current: 72.33
During the past 10 years, the highestGross Margin % of Max India was 85.55%. The lowest was 31.41%. And the median was 65.33%.
NSE:MAXIND's Gross Margin % is ranked better than 80.48% of 630
companies
in the Healthcare Providers & Services industry
Industry Median: 40.075
vs NSE:MAXIND: 72.33
Max India had a gross margin of 74.51% for the quarter that ended in Mar. 2026 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Max India was 6.00% per year.
Max India (NSE:MAXIND) Gross Margin % Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
Max India had a gross margin of 74.51% for the quarter that ended in Mar. 2026 => Durable competitive advantage
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
Max India Gross Margin % Related Terms
Max India Gross Margin % Historical Data
* Premium members only.
The historical data trend for Max India's Gross Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
NSE:MAXIND vs HCA, THC, DVA: Gross Margin % Comparison
For the Medical Care Facilities subindustry, Max India's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Max India Gross Margin % vs Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, Max India's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Max India's Gross Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
Max India (NSE:MAXIND) has a Gross Margin % of 74.51% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Max India and its competitors. This is 14% above median its historical median of 65.33. Over the past decade, Max India's Gross Margin % has ranged from 31.41 to 85.55. According to the industry distribution chart, Max India ranks #123 out of 630 companies in the Healthcare Providers & Services industry, placing it in the top 19.5%.
Is Max India's Gross Margin % too high?
Max India's current Gross Margin % of 74.51% is 14% above median its 10-year median of 65.33. Over the past 10 years, this metric has ranged from a low of 31.41 to a high of 85.55. The Healthcare Providers & Services industry median Gross Margin % is 40.08. Max India's value of 74.51% is 85.9% above this industry median. Based on the distribution chart, Max India ranks #123 out of 630 companies in the Healthcare Providers & Services industry, which is in the top quartile — a strong position relative to peers. Overall, Max India has a GF Score™ of 66/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Max India's Gross Margin % compare to HCA and THC?
According to the Healthcare Providers & Services industry distribution chart, Max India ranks #123 out of 630 companies for Gross Margin %. This places Max India in the top 20% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 40.08. Max India's value of 74.51% is 85.9% above this benchmark. Historically, Max India's own Gross Margin % has ranged from 31.41 to 85.55 over the past decade. While the company's 10-year median is 65.33 vs. the industry median of 40.08, Max India has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Margin % for a Healthcare Providers & Services company?
The median Gross Margin % among Healthcare Providers & Services companies is 40.08, based on 630 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Max India's current Gross Margin % of 74.51% is 85.9% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on Max India and its competitors. For the Healthcare Providers & Services industry, the median Gross Margin % is 40.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Max India's current Gross Margin % is 74.51%, which is 14% above median its own 10-year median of 65.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Max India stock overvalued right now?
Based on GuruFocus' analysis, Max India (NSE:MAXIND) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹205.37, compared to a current price of ₹158.64 — trading 22.8% below its estimated fair value. The current Gross Margin % is 74.51%, which is 14% above median its 10-year median of 65.33 and 85.9% above the Healthcare Providers & Services industry median of 40.08. Max India's overall GF Score™ is 66/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For Max India (NSE:MAXIND), the current Gross Margin % is 74.51% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Max India (NSE:MAXIND) Overvalued in 2026?
Based on GuruFocus' analysis, Max India stock appears to be undervalued.
The current stock price of ₹158.64 is trading 22.8% below its estimated GF Value™ of ₹205.37.
GuruFocus considers Max India to be Modestly Undervalued.
Key valuation signals for NSE:MAXIND:
Gross Margin %: 74.51% (14% above median its 10-year median of 65.33)
GF Value™: ₹205.37 vs. price of ₹158.64 (22.8% below fair value)
Industry Position: 85.9% above the Healthcare Providers & Services median (#123 of 630)
No single metric tells the full story. See the NSE:MAXIND stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Max India Ltd is a multi-business corporate that operates in the healthcare sector. The company provides healthcare services. Also, the company provides health insurance policies, senior-living communities, and other health-related training services. The business operates in four segments namely, Business Investments, Senior Living, Assisted Care, and Other. It derives maximum revenue from Senior Living segment.
66GF Score
Get the complete analysis for NSE:MAXIND
Gross Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
NSE:MAXIND has been successfully added to your 
