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Sep 29
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Indian (NIFTY) Healthcare Services Industry Analysis
UpdatedSep 29, 2025
DataAggregated Company Financials
Companies80
- 7D-3.0%
- 3M2.6%
- 1Y18.3%
- YTD8.5%
Over the last 7 days, the Healthcare Services industry has dropped 3.0%, driven by Max Healthcare Institute declining 5.0%. On the other hand Dr. Agarwal's Health Care is actually up 9.5%. This takes the industry's 12 month performance to a gain of 18%. 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 |
|---|---|---|---|---|---|---|
| Mon, 29 Sep 2025 | ₹5.8t | ₹866.4b | ₹82.2b | 46x | 70.7x | 6.7x |
| Wed, 27 Aug 2025 | ₹5.9t | ₹860.0b | ₹81.0b | 46.8x | 72.2x | 6.8x |
| Fri, 25 Jul 2025 | ₹5.8t | ₹826.5b | ₹76.4b | 49.4x | 76.4x | 7.1x |
| Sun, 22 Jun 2025 | ₹5.4t | ₹824.6b | ₹76.1b | 49.2x | 70.6x | 6.5x |
| Tue, 20 May 2025 | ₹5.3t | ₹804.2b | ₹74.1b | 41.8x | 71.2x | 6.6x |
| Thu, 17 Apr 2025 | ₹5.1t | ₹798.3b | ₹73.7b | 39.2x | 69.8x | 6.4x |
| Sat, 15 Mar 2025 | ₹4.6t | ₹798.3b | ₹73.7b | 37.8x | 63.1x | 5.8x |
| Mon, 10 Feb 2025 | ₹5.1t | ₹781.7b | ₹72.0b | 42.8x | 70.6x | 6.5x |
| Wed, 08 Jan 2025 | ₹5.3t | ₹751.1b | ₹69.7b | 46.2x | 75.8x | 7x |
| Fri, 06 Dec 2024 | ₹5.1t | ₹751.2b | ₹69.7b | 46.2x | 73.2x | 6.8x |
| Sun, 03 Nov 2024 | ₹4.8t | ₹725.3b | ₹68.1b | 48.4x | 70.2x | 6.6x |
| Tue, 01 Oct 2024 | ₹4.7t | ₹720.0b | ₹67.6b | 47.6x | 69.9x | 6.6x |
| Thu, 29 Aug 2024 | ₹4.4t | ₹719.7b | ₹67.5b | 52.9x | 65.7x | 6.2x |
| Sat, 27 Jul 2024 | ₹4.3t | ₹697.3b | ₹63.3b | 50.3x | 68.5x | 6.2x |
| Mon, 24 Jun 2024 | ₹4.2t | ₹696.2b | ₹63.1b | 46.4x | 66.4x | 6x |
| Wed, 22 May 2024 | ₹4.0t | ₹782.5b | ₹61.6b | 40.3x | 65.5x | 5.2x |
| Fri, 19 Apr 2024 | ₹4.0t | ₹772.7b | ₹60.6b | 39.5x | 66x | 5.2x |
| Sun, 17 Mar 2024 | ₹3.7t | ₹772.5b | ₹60.5b | 37.8x | 61x | 4.8x |
| Tue, 13 Feb 2024 | ₹4.1t | ₹728.4b | ₹59.1b | 41x | 69.5x | 5.6x |
| Thu, 11 Jan 2024 | ₹3.7t | ₹702.7b | ₹55.2b | 40.6x | 66.6x | 5.2x |
| Sat, 09 Dec 2023 | ₹3.5t | ₹703.0b | ₹55.3b | 40.7x | 63x | 5x |
| Mon, 06 Nov 2023 | ₹3.1t | ₹677.8b | ₹56.5b | 43.6x | 55.6x | 4.6x |
| Wed, 04 Oct 2023 | ₹3.1t | ₹675.3b | ₹55.7b | 44.4x | 55.7x | 4.6x |
| Fri, 01 Sep 2023 | ₹3.0t | ₹665.0b | ₹54.9b | 43.4x | 53.9x | 4.4x |
| Sun, 30 Jul 2023 | ₹3.0t | ₹634.2b | ₹54.5b | 40.2x | 54.8x | 4.7x |
| Tue, 27 Jun 2023 | ₹2.8t | ₹630.3b | ₹54.1b | 40.2x | 52.2x | 4.5x |
| Thu, 25 May 2023 | ₹2.6t | ₹611.2b | ₹52.4b | 37.9x | 48.8x | 4.2x |
| Sat, 22 Apr 2023 | ₹2.3t | ₹599.2b | ₹49.6b | 33.3x | 46.8x | 3.9x |
| Mon, 20 Mar 2023 | ₹2.3t | ₹599.3b | ₹49.7b | 34x | 46.1x | 3.8x |
| Wed, 15 Feb 2023 | ₹2.2t | ₹576.4b | ₹51.0b | 38.2x | 43.8x | 3.9x |
| Fri, 13 Jan 2023 | ₹2.3t | ₹566.6b | ₹49.4b | 37.4x | 47.2x | 4.1x |
| Sun, 11 Dec 2022 | ₹2.4t | ₹565.3b | ₹49.3b | 35.3x | 48.6x | 4.2x |
| Tue, 08 Nov 2022 | ₹2.3t | ₹527.2b | ₹48.4b | 27.9x | 47.8x | 4.4x |
| Thu, 06 Oct 2022 | ₹2.2t | ₹524.6b | ₹44.9b | 30.9x | 48.8x | 4.2x |
Price to Earnings Ratio
48.8x
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 70.7x which is higher than its 3-year average PE of 61.3x.
- The 3-year average PS ratio of 5.4x is lower than the industry's current PS ratio of 6.7x.
Past Earnings Growth
- The earnings for companies in the Healthcare industry have grown 22% per year over the last three years.
- Revenues for these companies have grown 18% 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 | -3.36% | |
| Healthcare | -4.76% | |
| Healthcare Services | -3.01% | |
| Managed Healthcare | 0% | 0 |
| Healthcare Facilities | -2.63% | |
| Healthcare Distributors | -3.65% | |
| Healthcare Services | -6.09% | |
Industry PE
- Investors are most optimistic about the Healthcare Distributors industry which is trading above its 3-year average PE ratio of 57.3x.
- Analysts are expecting annual earnings growth of 31.6%, which is higher than its past year's earnings growth of 9.0% per year.
- Investors are most pessimistic about the Healthcare Services industry, which is trading close to its 3-year average of 57.1x.
Forecasted Growth
- Analysts are most optimistic on the Healthcare Distributors industry, expecting annual earnings growth of 32% over the next 5 years.
- This is better than its past earnings growth rate of 9.0% per year.
- In contrast, the Healthcare Services industry is expected to see its earnings grow by 19% 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 | |
|---|---|---|---|---|---|
| AGARWALEYE Dr. Agarwal's Health Care | ₹498.75 | 9.5% +₹13.7b | n/a | PE155.3x | |
| NH Narayana Hrudayalaya | ₹1.77k | 1.9% +₹6.8b | 41.7% | PE45.9x | |
| FORTIS Fortis Healthcare | ₹970.75 | 0.5% +₹3.4b | 57.8% | PE84.4x | |
| JLHL Jupiter Life Line Hospitals | ₹1.49k | 1.0% +₹1.0b | 5.7% | PE50.8x | |
| 526783 Dr. Agarwal's Eye Hospital | ₹4.83k | 2.6% +₹567.3m | -3.3% | PE39.3x |
