Optimistic Investors Push Yatharth Hospital & Trauma Care Services Limited (NSE:YATHARTH) Shares Up 26% But Growth Is Lacking
Apr 13
Indian (NIFTY) Healthcare Services Industry Analysis
UpdatedApr 24, 2024
DataAggregated Company Financials
Companies71
- 7D-2.9%
- 3M3.4%
- 1Y61.4%
- YTD7.9%
Over the last 7 days, the Healthcare Services industry has dropped 3.7%, driven by pullbacks in Aster DM Healthcare and Max Healthcare Institute of 23% and 7.0%, respectively. In the past year, the industry has gained 62%. As for the next few years, earnings are expected to grow by 28% 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 |
|---|---|---|---|---|---|---|
| Wed, 24 Apr 2024 | ₹4.0t | ₹772.7b | ₹60.6b | 38.6x | 65.7x | 5.2x |
| Fri, 22 Mar 2024 | ₹3.8t | ₹772.5b | ₹60.5b | 38.7x | 63x | 4.9x |
| Sun, 18 Feb 2024 | ₹4.2t | ₹766.9b | ₹60.0b | 44.8x | 70.2x | 5.5x |
| Tue, 16 Jan 2024 | ₹3.7t | ₹702.7b | ₹55.3b | 41.1x | 66.4x | 5.2x |
| Thu, 14 Dec 2023 | ₹3.5t | ₹703.0b | ₹55.3b | 39.5x | 63.3x | 5x |
| Sat, 11 Nov 2023 | ₹3.3t | ₹690.8b | ₹55.5b | 43.7x | 58.6x | 4.7x |
| Mon, 09 Oct 2023 | ₹3.1t | ₹675.3b | ₹55.7b | 43x | 55.4x | 4.6x |
| Wed, 06 Sep 2023 | ₹3.0t | ₹664.9b | ₹54.9b | 43.6x | 54.6x | 4.5x |
| Fri, 04 Aug 2023 | ₹2.9t | ₹636.7b | ₹55.2b | 42.3x | 52x | 4.5x |
| Sun, 02 Jul 2023 | ₹2.8t | ₹630.5b | ₹54.1b | 40.4x | 52.6x | 4.5x |
| Tue, 30 May 2023 | ₹2.6t | ₹619.5b | ₹52.5b | 37x | 48.8x | 4.1x |
| Thu, 27 Apr 2023 | ₹2.3t | ₹599.2b | ₹49.6b | 33.2x | 46.5x | 3.9x |
| Sat, 25 Mar 2023 | ₹2.3t | ₹599.3b | ₹49.7b | 31.5x | 45.3x | 3.8x |
| Mon, 20 Feb 2023 | ₹2.3t | ₹590.3b | ₹50.4b | 37.6x | 46x | 3.9x |
| Wed, 18 Jan 2023 | ₹2.3t | ₹566.6b | ₹49.4b | 36.8x | 47x | 4.1x |
| Fri, 16 Dec 2022 | ₹2.4t | ₹565.3b | ₹49.3b | 34.5x | 48x | 4.2x |
| Sun, 13 Nov 2022 | ₹2.3t | ₹537.7b | ₹47.0b | 33.7x | 48.1x | 4.2x |
| Tue, 11 Oct 2022 | ₹2.2t | ₹524.6b | ₹44.9b | 30.3x | 48.7x | 4.2x |
| Thu, 08 Sep 2022 | ₹2.1t | ₹524.3b | ₹44.9b | 28.5x | 47.7x | 4.1x |
| Sat, 06 Aug 2022 | ₹2.1t | ₹516.7b | ₹47.9b | 24.1x | 43.2x | 4x |
| Mon, 04 Jul 2022 | ₹1.9t | ₹517.7b | ₹48.9b | 28.9x | 38.4x | 3.6x |
| Wed, 01 Jun 2022 | ₹2.0t | ₹517.5b | ₹48.9b | 27x | 40.2x | 3.8x |
| Fri, 29 Apr 2022 | ₹2.2t | ₹490.5b | ₹45.1b | 25.7x | 48x | 4.4x |
| Sun, 27 Mar 2022 | ₹2.1t | ₹490.4b | ₹45.1b | 22.4x | 46.4x | 4.3x |
| Tue, 22 Feb 2022 | ₹2.0t | ₹489.8b | ₹45.0b | 26.6x | 45.4x | 4.2x |
| Thu, 20 Jan 2022 | ₹2.2t | ₹466.0b | ₹42.8b | 32.1x | 52.4x | 4.8x |
| Sat, 18 Dec 2021 | ₹2.3t | ₹466.0b | ₹42.8b | 28.3x | 53.2x | 4.9x |
| Mon, 15 Nov 2021 | ₹2.2t | ₹454.2b | ₹38.2b | 37.2x | 58.2x | 4.9x |
| Wed, 13 Oct 2021 | ₹2.1t | ₹435.3b | ₹34.4b | 35.9x | 62.5x | 4.9x |
| Fri, 10 Sep 2021 | ₹2.3t | ₹431.5b | ₹33.5b | 35.8x | 68x | 5.3x |
| Sun, 08 Aug 2021 | ₹2.0t | ₹427.1b | ₹31.6b | 35.2x | 62.8x | 4.7x |
| Sat, 01 May 2021 | ₹1.5t | ₹355.9b | ₹5.6b | 41.5x | 267.7x | 4.2x |
Price to Earnings Ratio
267.7x
Current Industry PE
- Investors are relatively neutral on the Indian Healthcare industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 65.4x.
- The 3-year average PS ratio of 4.5x is lower than the industry's current PS ratio of 5.2x.
Past Earnings Growth
- The earnings for companies in the Healthcare industry have grown 122% per year over the last three years.
- Revenues for these companies have grown 29% 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 | 1.35% | |
| Healthcare | -0.81% | |
| Healthcare Services | -2.93% | |
| Healthcare Distributors | 6.89% | |
| Managed Healthcare | 0% | |
| Healthcare Services | -0.99% | |
| Healthcare Facilities | -3.39% | |
Industry PE
- Investors are most optimistic about the Healthcare Distributors industry which is trading above its 3-year average PE ratio of 14.1x.
- Analysts are expecting annual earnings growth of 118.5%, which is higher than its past year's earnings growth of 56.0% per year.
- Investors are most pessimistic about the Healthcare Services industry, which is trading close to its 3-year average of 52.6x.
Forecasted Growth
- Analysts are most optimistic on the Healthcare Distributors industry, expecting annual earnings growth of 119% over the next 5 years.
- This is better than its past earnings growth rate of 56% per year.
- In contrast, the Healthcare Services industry is expected to see its earnings grow by 21% 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 | |
|---|---|---|---|---|---|
| MEDANTA Global Health | ₹1.44k | 4.0% +₹15.0b | 183.8% | PE85.7x | |
| FORTIS Fortis Healthcare | ₹450.00 | 2.0% +₹6.7b | 73.9% | PE61.5x | |
| KIMS Krishna Institute of Medical Sciences | ₹2.03k | 3.8% +₹5.9b | 36.5% | PE48x | |
| METROPOLIS Metropolis Healthcare | ₹1.84k | 5.4% +₹4.8b | 51.2% | PE75.6x | |
| RAINBOW Rainbow Children's Medicare | ₹1.36k | 3.4% +₹4.5b | 71.3% | PE62.7x |
