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Indian (NIFTY) Healthcare Sector Analysis

UpdatedMar 04, 2024
DataAggregated Company Financials
Companies264
  • 7D-1.8%
  • 3M15.3%
  • 1Y62.3%
  • YTD10.8%

Over the last 7 days, the Healthcare industry has dropped 1.8%, driven by pullbacks in Apollo Hospitals Enterprise and Max Healthcare Institute of 9.5% and 9.6%, respectively. This takes the industry's 12 month performance to a gain of 62%. Looking forward, earnings are forecast to grow by 20% annually.

Sector Valuation and Performance

Has the Indian Healthcare Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 04 Mar 2024₹22.9t₹4.6t₹512.5b35.4x44.6x5x
Wed, 31 Jan 2024₹21.5t₹4.4t₹478.6b37.9x44.8x4.8x
Fri, 29 Dec 2023₹20.4t₹4.4t₹476.2b35.5x42.8x4.6x
Sun, 26 Nov 2023₹19.3t₹4.4t₹476.1b32.4x40.5x4.4x
Tue, 24 Oct 2023₹17.6t₹4.3t₹450.6b30.9x39.2x4.1x
Thu, 21 Sep 2023₹18.2t₹4.3t₹451.6b32.2x40.2x4.3x
Sat, 19 Aug 2023₹17.8t₹4.2t₹450.8b30.3x39.5x4.2x
Mon, 17 Jul 2023₹16.7t₹4.1t₹425.8b28.2x39.3x4.1x
Wed, 14 Jun 2023₹15.5t₹4.1t₹425.6b28x36.5x3.8x
Fri, 12 May 2023₹14.6t₹4.0t₹401.6b28.9x36.4x3.7x
Sun, 09 Apr 2023₹13.5t₹3.9t₹372.9b26.4x36.2x3.5x
Tue, 07 Mar 2023₹13.2t₹3.9t₹373.6b26.7x35.3x3.4x
Thu, 02 Feb 2023₹13.5t₹3.8t₹388.2b26.9x34.8x3.6x
Sat, 31 Dec 2022₹13.9t₹3.7t₹377.3b28.5x36.9x3.8x
Mon, 28 Nov 2022₹14.2t₹3.7t₹377.5b28.2x37.7x3.8x
Wed, 26 Oct 2022₹14.2t₹3.6t₹360.0b25.7x39.4x3.9x
Fri, 23 Sep 2022₹13.7t₹3.6t₹361.5b25.8x37.8x3.8x
Sun, 21 Aug 2022₹13.6t₹3.6t₹361.5b23.3x37.7x3.8x
Tue, 19 Jul 2022₹13.5t₹3.5t₹376.5b22.5x35.7x3.8x
Thu, 16 Jun 2022₹12.9t₹3.5t₹375.7b22.1x34.2x3.6x
Sat, 14 May 2022₹13.1t₹3.5t₹418.7b22.4x31.4x3.8x
Mon, 11 Apr 2022₹14.6t₹3.4t₹420.2b26.7x34.7x4.2x
Wed, 09 Mar 2022₹13.3t₹3.4t₹420.2b23.3x31.6x3.9x
Fri, 04 Feb 2022₹14.6t₹3.4t₹442.6b25.9x32.9x4.3x
Sun, 02 Jan 2022₹15.5t₹3.4t₹435.9b27.2x35.5x4.6x
Tue, 30 Nov 2021₹14.8t₹3.4t₹435.7b24.6x34.1x4.4x
Thu, 28 Oct 2021₹14.9t₹3.3t₹446.8b25.3x33.3x4.5x
Sat, 25 Sep 2021₹15.4t₹3.3t₹440.6b26.6x34.9x4.7x
Mon, 23 Aug 2021₹14.8t₹3.3t₹439.1b24.8x33.7x4.5x
Sat, 10 Jul 2021₹14.6t₹3.2t₹433.2b25.5x33.8x4.5x
Fri, 02 Apr 2021₹12.2t₹3.1t₹364.6b16.8x33.5x4x
Price to Earnings Ratio

33.5x


Total Market Cap: ₹12.2tTotal Earnings: ₹364.6bTotal Revenue: ₹3.1tTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Healthcare Sector Price to Earnings3Y Average 36.8x202220232024
Current Industry PE
  • Investors are optimistic on the Indian Healthcare industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 44.6x which is higher than its 3-year average PE of 36.8x.
  • The 3-year average PS ratio of 4.1x is lower than the industry's current PS ratio of 5.0x.
Past Earnings Growth
  • The earnings for companies in the Healthcare industry have grown 12% per year over the last three years.
  • Revenues for these companies have grown 15% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the Indian Healthcare sector?

IN Market0.25%
Healthcare-1.83%
Biotech1.09%
Medical Equipment0.11%
Pharma-0.49%
Healthtech-1.58%
Life Sciences-3.23%
Healthcare Services-7.03%
Industry PE
  • Investors are most optimistic about the Life Sciences industry which is trading above its 3-year average PE ratio of 55.5x.
    • Analysts are expecting annual earnings growth of 23.2%, which is higher than its past year's earnings growth of 0.9% per year.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare Services industry, expecting annual earnings growth of 27% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • In contrast, the Biotech industry is expected to see its earnings grow by 11% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
500420 Torrent Pharmaceuticals₹2.70k2.7%
+₹23.6b
80.6%PE61.1x
AUROPHARMA Aurobindo Pharma₹1.08k3.4%
+₹20.5b
130.7%PE22.8x
CIPLA Cipla₹1.48k1.1%
+₹12.8b
68.7%PE32.3x
SUVENPHAR Suven Pharmaceuticals₹720.407.4%
+₹12.7b
50.2%PE49.4x
500257 Lupin₹1.63k1.4%
+₹10.0b
146.6%PE41.6x
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Latest News

FORTIS

₹402.65

Fortis Healthcare

7D

-8.2%

1Y

45.6%

SUVENPHAR

₹720.40

Suven Pharmaceuticals

7D

7.4%

1Y

50.2%

500124

₹6,241.00

Dr. Reddy's Laboratories

7D

-3.2%

1Y

40.7%

500420

₹2,696.85

Torrent Pharmaceuticals

7D

2.7%

1Y

80.6%

GLENMARK

₹928.25

Glenmark Pharmaceuticals

7D

3.1%

1Y

122.9%

SUNPHARMA

₹1,550.55

Sun Pharmaceutical Industries

7D

-0.7%

1Y

60.4%

AUROPHARMA

₹1,076.95

Aurobindo Pharma

7D

3.4%

1Y

130.7%

DIVISLAB

₹3,508.50

Divi's Laboratories

7D

-3.8%

1Y

23.1%

ALKEM

₹5,106.55

Alkem Laboratories

7D

-5.8%

1Y

61.6%

MEDANTA

₹1,320.85

Global Health

7D

-11.2%

1Y

161.7%

500257

₹1,634.15

Lupin

7D

1.4%

1Y

146.6%

APOLLOHOSP

₹6,133.30

Apollo Hospitals Enterprise

7D

-9.5%

1Y

39.1%

543220

₹768.00

Max Healthcare Institute

7D

-9.6%

1Y

80.5%

SPARC

₹381.25

Sun Pharma Advanced Research

7D

8.4%

1Y

97.8%