Narrative Update • Jul 12
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Indian (NIFTY) Healthcare Services Industry Analysis
UpdatedJul 15, 2026
DataAggregated Company Financials
Companies90
- 7D0.4%
- 3M14.8%
- 1Y8.4%
- YTD13.9%
The Healthcare Services is pretty flat in the last 7 days, but Aster DM Quality Care has stood out, gaining 3.0%. The past year has been better, since the industry has gained 8.4% in that time. As for the next few years, earnings are expected to grow by 25% 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, 16 Jul 2026 | ₹6.5t | ₹1.0t | ₹100.5b | 41.4x | 64.8x | 6.2x |
| Sat, 13 Jun 2026 | ₹6.2t | ₹1.0t | ₹100.4b | 41.4x | 62.2x | 6x |
| Mon, 11 May 2026 | ₹6.1t | ₹986.0b | ₹96.0b | 38.4x | 63.2x | 6.2x |
| Wed, 08 Apr 2026 | ₹5.4t | ₹979.8b | ₹95.1b | 33.8x | 56.7x | 5.5x |
| Fri, 06 Mar 2026 | ₹5.7t | ₹979.5b | ₹95.1b | 35.7x | 59.9x | 5.8x |
| Sun, 01 Feb 2026 | ₹5.3t | ₹934.9b | ₹93.9b | 36.1x | 56.8x | 5.7x |
| Tue, 30 Dec 2025 | ₹5.7t | ₹928.6b | ₹93.4b | 40.9x | 60.6x | 6.1x |
| Thu, 27 Nov 2025 | ₹5.9t | ₹904.9b | ₹90.1b | 42x | 65.6x | 6.5x |
| Sat, 25 Oct 2025 | ₹6.1t | ₹871.4b | ₹82.9b | 44.9x | 73.4x | 7x |
| Mon, 22 Sep 2025 | ₹6.0t | ₹866.1b | ₹82.2b | 46.5x | 72.9x | 6.9x |
| Wed, 20 Aug 2025 | ₹6.0t | ₹860.5b | ₹81.0b | 43.3x | 73.7x | 6.9x |
| Fri, 18 Jul 2025 | ₹5.7t | ₹826.2b | ₹76.2b | 50.2x | 75x | 6.9x |
| Sun, 15 Jun 2025 | ₹5.4t | ₹824.6b | ₹76.1b | 49.9x | 71.4x | 6.6x |
| Tue, 13 May 2025 | ₹5.2t | ₹800.0b | ₹74.5b | 37.4x | 70.2x | 6.5x |
| Thu, 10 Apr 2025 | ₹5.1t | ₹798.3b | ₹73.7b | 37.4x | 68.6x | 6.3x |
| Sat, 08 Mar 2025 | ₹4.7t | ₹798.3b | ₹73.7b | 38.1x | 63.4x | 5.9x |
| Mon, 03 Feb 2025 | ₹4.9t | ₹760.2b | ₹69.7b | 43.1x | 69.8x | 6.4x |
| Wed, 01 Jan 2025 | ₹5.1t | ₹751.3b | ₹69.7b | 45.1x | 73x | 6.8x |
| Fri, 29 Nov 2024 | ₹4.8t | ₹748.8b | ₹69.4b | 45.3x | 68.8x | 6.4x |
| Sun, 27 Oct 2024 | ₹4.6t | ₹722.7b | ₹68.3b | 49.2x | 67.1x | 6.3x |
| Tue, 24 Sep 2024 | ₹4.8t | ₹720.0b | ₹67.6b | 47.4x | 70.8x | 6.6x |
| Thu, 22 Aug 2024 | ₹4.4t | ₹719.7b | ₹67.5b | 51.1x | 65x | 6.1x |
| Sat, 20 Jul 2024 | ₹4.2t | ₹697.0b | ₹63.2b | 49.7x | 66.5x | 6x |
| Mon, 17 Jun 2024 | ₹4.2t | ₹695.8b | ₹63.1b | 45.9x | 67x | 6.1x |
| Wed, 15 May 2024 | ₹4.0t | ₹775.6b | ₹61.2b | 39.4x | 65x | 5.1x |
| Fri, 12 Apr 2024 | ₹4.2t | ₹772.7b | ₹60.6b | 41.2x | 68.9x | 5.4x |
| Sun, 10 Mar 2024 | ₹3.8t | ₹772.5b | ₹60.5b | 42.4x | 63.1x | 4.9x |
| Tue, 06 Feb 2024 | ₹3.9t | ₹712.6b | ₹57.0b | 49.6x | 68.6x | 5.5x |
| Thu, 04 Jan 2024 | ₹3.6t | ₹702.7b | ₹55.2b | 40.7x | 65.1x | 5.1x |
| Sat, 02 Dec 2023 | ₹3.5t | ₹703.0b | ₹55.3b | 39.3x | 63.3x | 5x |
| Mon, 30 Oct 2023 | ₹3.0t | ₹676.5b | ₹56.0b | 42.4x | 54.2x | 4.5x |
| Wed, 27 Sep 2023 | ₹3.1t | ₹675.3b | ₹55.7b | 43.8x | 54.8x | 4.5x |
| Fri, 25 Aug 2023 | ₹2.9t | ₹665.0b | ₹54.9b | 42.4x | 53.2x | 4.4x |
| Sun, 23 Jul 2023 | ₹2.9t | ₹633.1b | ₹54.1b | 39.5x | 54.4x | 4.7x |
Price to Earnings Ratio
54.4x
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 65.2x.
- The industry is trading close to its 3-year average PS ratio of 5.9x.
Past Earnings Growth
- The earnings for companies in the Healthcare industry have grown 23% 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 | -0.30% | |
| Healthcare | 1.21% | |
| Healthcare Services | 0.44% | |
| Healthcare Distributors | 3.05% | |
| Healthcare Services | 1.88% | |
| Healthcare Facilities | 0.19% | |
| Managed Healthcare | 0% | 0 |
Industry PE
- Investors are most optimistic about the Healthcare Facilities industry, which is trading close to its 3-year average PE ratio of 66.5x.
- Analysts are expecting annual earnings growth of 26.1%, which is higher than its past year's earnings growth of 15.0% per year.
- Investors are most pessimistic about the Healthcare Distributors industry, which is trading below its 3-year average of 61.6x.
Forecasted Growth
- Analysts are most optimistic on the Healthcare Distributors industry, expecting annual earnings growth of 32% 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 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 | |
|---|---|---|---|---|---|
| APOLLOHOSP Apollo Hospitals Enterprise | ₹8.93k | 2.1% +₹26.0b | 21.5% | PE66.2x | |
| FORTIS Fortis Healthcare | ₹976.15 | 3.4% +₹24.5b | 22.8% | PE70.7x | |
| ASTERDM Aster DM Quality Care | ₹824.60 | 5.8% +₹23.3b | 37.5% | PE109.8x | |
| 543220 Max Healthcare Institute | ₹1.10k | 1.6% +₹17.3b | -12.9% | PE74.4x | |
| NH Narayana Hrudayalaya | ₹2.04k | 3.0% +₹11.9b | 4.4% | PE51.1x |
