Max IndiaNSE:MAXIND -1.57%66 Operating Margin % is -31.27% as of Mar. 2026. GuruFocus rates NSE:MAXIND with a GF Score™ of 66/100 and a GF Value™ of ₹205.30 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 665 Healthcare Providers & Services companies, Max India ranks worse than 89.47% on this metric.
Operating Margin % is calculated as Operating Income divided by its Revenue. Max India's Operating Income for the
three
months ended in Mar. 2026 was ₹-205 Mil. Max India's Revenue for the
three
months ended in Mar. 2026 was ₹656 Mil. Therefore, Max India's Operating Margin % for the quarter that ended in Mar. 2026 was -31.27%.
The historical rank and industry rank for Max India's Operating Margin % or its related term are showing as below:
NSE:MAXIND'
s Operating Margin % Range Over the Past 10 Years
Min: -94.16 Med: -28.56 Max: 0.18
Current: -66.45
NSE:MAXIND's Operating Margin % is ranked worse than 89.47% of 665
companies
in the Healthcare Providers & Services industry
Industry Median: 4.85
vs NSE:MAXIND: -66.45
Max India's 5-Year Average Operating Margin % Growth Rate was 0.00% per year.
Max India's Operating Income for the
three
months ended in Mar. 2026 was ₹-205 Mil.
Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was ₹-1,266 Mil.
Max India (NSE:MAXIND) Operating Margin % Explanation
Just like Gross Margin %, it is important to see a company maintains its operating margin over time. Among the same industry, a company with higher operating margin is more efficient in its operation. It is also more stable during industry slowdown or recessions. Peter Lynch prefers those with higher margins than those with lower margins.
Be Aware
Operating Margin % can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).
If a company is facing competition, its Operating Margin % may decline. Often the Operating Margin % declines well before the company's Revenue or even profit decline. Therefore, Operating Margin % is a very important indicator of whether the company is facing problems.
For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokias Operating Margin % had already been in decline since 2002, although its Earnings per Share (Diluted) were still rising. Investors who paid attention to Operating Margin % would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).
Therefore, Operating Margin % is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.
Max India Operating Margin % Related Terms
Max India Operating Margin % Historical Data
* Premium members only.
The historical data trend for Max India's Operating 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: Operating Margin % Comparison
For the Medical Care Facilities subindustry, Max India's Operating Margin %, along with its competitors' market caps and Operating 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 Operating Margin % vs Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, Max India's Operating Margin % distribution charts can be found below:
* The bar in red indicates where Max India's Operating Margin % falls into.
Operating Margin % - also known as operating income margin, operating profit margin and return on sales (ROS) - is the ratio of Operating Income divided by net sales or Revenue, usually presented in percent.
Max India's Operating Margin % for the fiscal year that ended in Mar. 2026 is calculated as
* 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.
Max India (NSE:MAXIND) has a Operating Margin % of -31.27% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on Max India and its competitors. According to the industry distribution chart, Max India ranks #595 out of 665 companies in the Healthcare Providers & Services industry, placing it in the top 89.5%.
Is Max India's Operating Margin % too high?
Max India's current Operating Margin % is -31.27%. Based on the distribution chart, Max India ranks #595 out of 665 companies in the Healthcare Providers & Services industry, which is in the bottom quartile 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 Operating Margin % compare to HCA and THC?
According to the Healthcare Providers & Services industry distribution chart, Max India ranks #595 out of 665 companies for Operating Margin %. This places Max India in the lower half of its industry. The industry median Operating Margin % is 4.85. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Margin % for a Healthcare Providers & Services company?
The median Operating Margin % among Healthcare Providers & Services companies is 4.85, based on 665 companies in the industry. Companies in the top quartile (top 25%) have a Operating Margin % significantly above this median, while those in the bottom quartile fall well below. However, Operating Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Margin % mean?
A high Operating Margin % can signal that a stock is expensive relative to its fundamentals. Operating margin is the ratio of total operating income to net sales. View historical data on Max India and its competitors. For the Healthcare Providers & Services industry, the median Operating Margin % is 4.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Max India's current Operating Margin % is -31.27%. 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 ₹205.30, compared to a current price of ₹154.16 — trading 24.9% below its estimated fair value. The current Operating Margin % is -31.27%. 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 Operating Margin % calculated?
Operating Margin % is calculated from a company's financial statements. For Max India (NSE:MAXIND), the current Operating Margin % is -31.27% 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 ₹154.16 is trading 24.9% below its estimated GF Value™ of ₹205.30.
GuruFocus considers Max India to be Modestly Undervalued.
Key valuation signals for NSE:MAXIND:
Operating Margin %: -31.27%
GF Value™: ₹205.30 vs. price of ₹154.16 (24.9% below fair value)
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
Operating Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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