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Indian (NIFTY) Healthcare Services Industry Analysis
UpdatedNov 20, 2024
DataAggregated Company Financials
Companies73
- 7D-1.9%
- 3M7.7%
- 1Y36.9%
- YTD27.7%
Over the last 7 days, the Healthcare Services industry has dropped 1.9%, driven by a pullback from Apollo Hospitals Enterprise of 4.7%. In the past year, the industry has gained 37%. As for the next few years, earnings are expected to grow by 27% per annum.
Industry Valuation and Performance
Has the Indian Healthcare Services Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 21 Nov 2024 | ₹4.7t | ₹748.4b | ₹69.4b | 42.6x | 68.1x | 6.3x |
| Sat, 19 Oct 2024 | ₹4.7t | ₹720.0b | ₹67.6b | 47.3x | 69.2x | 6.5x |
| Mon, 16 Sep 2024 | ₹4.6t | ₹720.0b | ₹67.6b | 43.2x | 68.6x | 6.4x |
| Wed, 14 Aug 2024 | ₹4.3t | ₹709.6b | ₹66.1b | 47x | 64.7x | 6x |
| Fri, 12 Jul 2024 | ₹4.2t | ₹697.0b | ₹63.2b | 48.9x | 66.5x | 6x |
| Sun, 09 Jun 2024 | ₹4.0t | ₹695.2b | ₹63.1b | 43.9x | 63.7x | 5.8x |
| Tue, 07 May 2024 | ₹4.0t | ₹772.8b | ₹60.6b | 39.1x | 66.9x | 5.2x |
| Thu, 04 Apr 2024 | ₹4.0t | ₹772.7b | ₹60.6b | 39.1x | 66.4x | 5.2x |
| Sat, 02 Mar 2024 | ₹3.9t | ₹770.9b | ₹60.5b | 42.9x | 64.8x | 5.1x |
| Mon, 29 Jan 2024 | ₹3.8t | ₹708.7b | ₹56.0b | 43x | 67.5x | 5.3x |
| Wed, 27 Dec 2023 | ₹3.5t | ₹703.0b | ₹55.3b | 41.7x | 63.9x | 5x |
| Fri, 24 Nov 2023 | ₹3.4t | ₹702.7b | ₹55.2b | 41.4x | 60.9x | 4.8x |
| Sun, 22 Oct 2023 | ₹3.1t | ₹676.2b | ₹56.0b | 43.8x | 55.6x | 4.6x |
| Tue, 19 Sep 2023 | ₹3.1t | ₹674.9b | ₹55.6b | 45.1x | 55.2x | 4.6x |
| Thu, 17 Aug 2023 | ₹2.8t | ₹664.4b | ₹54.8b | 42.6x | 52x | 4.3x |
| Sat, 15 Jul 2023 | ₹3.0t | ₹630.6b | ₹54.1b | 41.9x | 54.5x | 4.7x |
| Mon, 12 Jun 2023 | ₹2.7t | ₹629.3b | ₹54.0b | 37.8x | 49.3x | 4.2x |
| Wed, 10 May 2023 | ₹2.4t | ₹599.8b | ₹49.7b | 33.4x | 48.1x | 4x |
| Fri, 07 Apr 2023 | ₹2.2t | ₹599.3b | ₹49.7b | 33.6x | 45.1x | 3.7x |
| Sun, 05 Mar 2023 | ₹2.3t | ₹590.4b | ₹50.4b | 39.7x | 45.3x | 3.9x |
| Tue, 31 Jan 2023 | ₹2.3t | ₹567.6b | ₹49.4b | 34.6x | 45.7x | 4x |
| Thu, 29 Dec 2022 | ₹2.4t | ₹565.3b | ₹49.3b | 37.1x | 48x | 4.2x |
| Sat, 26 Nov 2022 | ₹2.4t | ₹565.3b | ₹49.3b | 35.1x | 49x | 4.3x |
| Mon, 24 Oct 2022 | ₹2.2t | ₹524.8b | ₹45.0b | 29x | 49x | 4.2x |
| Wed, 21 Sep 2022 | ₹2.2t | ₹525.0b | ₹44.9b | 29.4x | 49.6x | 4.2x |
| Fri, 19 Aug 2022 | ₹2.1t | ₹523.7b | ₹44.7b | 26.9x | 47.1x | 4x |
| Sun, 17 Jul 2022 | ₹1.9t | ₹517.7b | ₹48.9b | 25x | 39.6x | 3.7x |
| Tue, 14 Jun 2022 | ₹1.8t | ₹517.7b | ₹48.9b | 26.3x | 37.8x | 3.6x |
| Thu, 12 May 2022 | ₹1.9t | ₹499.2b | ₹45.9b | 24.7x | 41.9x | 3.9x |
| Sat, 09 Apr 2022 | ₹2.2t | ₹490.5b | ₹45.1b | 28.3x | 48.1x | 4.4x |
| Mon, 07 Mar 2022 | ₹2.1t | ₹490.3b | ₹45.0b | 25x | 45.6x | 4.2x |
| Wed, 02 Feb 2022 | ₹2.2t | ₹466.8b | ₹41.4b | 34.3x | 52.1x | 4.6x |
| Fri, 31 Dec 2021 | ₹2.4t | ₹466.0b | ₹42.8b | 31.1x | 56.5x | 5.2x |
| Sun, 28 Nov 2021 | ₹2.4t | ₹466.0b | ₹42.8b | 29.2x | 56.4x | 5.2x |
Price to Earnings Ratio
56.4x
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 68.1x which is higher than its 3-year average PE of 54.6x.
- The 3-year average PS ratio of 4.7x is lower than the industry's current PS ratio of 6.3x.
Past Earnings Growth
- The earnings for companies in the Healthcare industry have grown 17% per year over the last three years.
- Revenues for these companies have grown 17% 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 industry?
| IN Market | -1.80% | |
| Healthcare | -1.79% | |
| Healthcare Services | -1.93% | |
| Managed Healthcare | 0% | |
| Healthcare Services | -1.19% | |
| Healthcare Facilities | -1.84% | |
| Healthcare Distributors | -7.12% | |
Industry PE
- Investors are most optimistic about the Healthcare Distributors industry which is trading above its 3-year average PE ratio of 37.6x.
- Analysts are expecting annual earnings growth of 49.9%, which is higher than its past year's earnings growth of 44.7% per year.
- Investors are most pessimistic about the Healthcare Services industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 53.2x.
Forecasted Growth
- Analysts are most optimistic on the Healthcare Distributors industry, expecting annual earnings growth of 50% over the next 5 years.
- This is roughly in line with its past earnings growth rate.
- In contrast, the Healthcare Services industry is expected to see its earnings grow by 20% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| FORTIS Fortis Healthcare | ₹657.80 | 6.0% +₹28.2b | 80.0% | PE75.7x | |
| MEDANTA Global Health | ₹1.09k | 5.7% +₹15.9b | 21.8% | PE60.1x | |
| LALPATHLAB Dr. Lal PathLabs | ₹3.04k | 2.9% +₹7.0b | 12.8% | PE63.1x | |
| VIJAYA Vijaya Diagnostic Centre | ₹1.07k | 5.1% +₹5.3b | 75.3% | PE82.7x | |
| KIMS Krishna Institute of Medical Sciences | ₹567.20 | 2.3% +₹5.2b | 45.9% | PE68.5x |
