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Indian (NIFTY) Healthcare Services Industry Analysis
UpdatedNov 24, 2025
DataAggregated Company Financials
Companies82
- 7D1.5%
- 3M-2.2%
- 1Y16.4%
- YTD9.9%
The Healthcare Services industry is up 1.5% in the last week, with Max Healthcare Institute up 7.2%. This takes the industry's 12 month performance to a gain of 16%. Earnings are forecast to grow by 27% annually.
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, 24 Nov 2025 | ₹5.9t | ₹904.0b | ₹90.1b | 41.7x | 65.4x | 6.5x |
| Wed, 22 Oct 2025 | ₹6.2t | ₹871.4b | ₹82.9b | 45.1x | 75.2x | 7.2x |
| Fri, 19 Sep 2025 | ₹6.0t | ₹865.9b | ₹82.2b | 47x | 72.9x | 6.9x |
| Sun, 17 Aug 2025 | ₹5.9t | ₹860.5b | ₹81.0b | 43.4x | 73.1x | 6.9x |
| Tue, 15 Jul 2025 | ₹5.7t | ₹826.2b | ₹76.2b | 49.3x | 74.3x | 6.9x |
| Thu, 12 Jun 2025 | ₹5.4t | ₹826.0b | ₹76.2b | 47.2x | 70.4x | 6.5x |
| Sat, 10 May 2025 | ₹5.1t | ₹799.2b | ₹74.4b | 36.5x | 68.3x | 6.4x |
| Mon, 07 Apr 2025 | ₹5.0t | ₹798.3b | ₹73.7b | 37.5x | 68.4x | 6.3x |
| Wed, 05 Mar 2025 | ₹4.6t | ₹798.3b | ₹73.7b | 37.2x | 62.9x | 5.8x |
| Fri, 31 Jan 2025 | ₹4.8t | ₹752.2b | ₹69.8b | 41.6x | 68.4x | 6.4x |
| Sun, 29 Dec 2024 | ₹5.1t | ₹751.5b | ₹69.7b | 42.9x | 72.5x | 6.7x |
| Tue, 26 Nov 2024 | ₹4.8t | ₹748.8b | ₹69.4b | 43.1x | 69.8x | 6.5x |
| Thu, 24 Oct 2024 | ₹4.6t | ₹720.0b | ₹67.6b | 49.7x | 67.5x | 6.3x |
| Sat, 21 Sep 2024 | ₹4.8t | ₹720.0b | ₹67.6b | 47.4x | 70.8x | 6.6x |
| Mon, 19 Aug 2024 | ₹4.3t | ₹719.6b | ₹67.5b | 47x | 64.4x | 6x |
| Wed, 17 Jul 2024 | ₹4.2t | ₹697.0b | ₹63.2b | 50.4x | 67x | 6.1x |
| Fri, 14 Jun 2024 | ₹4.1t | ₹695.2b | ₹63.1b | 45.2x | 65.2x | 5.9x |
| Sun, 12 May 2024 | ₹4.0t | ₹757.7b | ₹58.2b | 36.9x | 68x | 5.2x |
| Tue, 09 Apr 2024 | ₹4.1t | ₹772.7b | ₹60.6b | 42.5x | 67.6x | 5.3x |
| Thu, 07 Mar 2024 | ₹3.8t | ₹770.9b | ₹60.5b | 44.1x | 63.1x | 5x |
| Sat, 03 Feb 2024 | ₹3.9t | ₹712.6b | ₹57.1b | 50.2x | 68.4x | 5.5x |
| Mon, 01 Jan 2024 | ₹3.6t | ₹702.7b | ₹55.2b | 40.7x | 64.7x | 5.1x |
| Wed, 29 Nov 2023 | ₹3.4t | ₹703.0b | ₹55.3b | 40.6x | 60.7x | 4.8x |
| Fri, 27 Oct 2023 | ₹3.0t | ₹676.2b | ₹56.0b | 41.8x | 53.3x | 4.4x |
| Sun, 24 Sep 2023 | ₹3.0t | ₹675.3b | ₹55.7b | 43.3x | 54.1x | 4.5x |
| Tue, 22 Aug 2023 | ₹2.8t | ₹665.0b | ₹54.9b | 41.4x | 51.8x | 4.3x |
| Thu, 20 Jul 2023 | ₹3.0t | ₹632.3b | ₹54.1b | 42.2x | 54.8x | 4.7x |
| Sat, 17 Jun 2023 | ₹2.8t | ₹630.3b | ₹54.1b | 39.1x | 51.9x | 4.5x |
| Mon, 15 May 2023 | ₹2.4t | ₹600.3b | ₹49.6b | 34.5x | 49.3x | 4.1x |
| Wed, 12 Apr 2023 | ₹2.3t | ₹599.3b | ₹49.7b | 35.4x | 46.1x | 3.8x |
| Fri, 10 Mar 2023 | ₹2.3t | ₹590.4b | ₹50.4b | 39.5x | 45.8x | 3.9x |
| Sun, 05 Feb 2023 | ₹2.2t | ₹568.4b | ₹49.4b | 35.1x | 45.2x | 3.9x |
| Tue, 03 Jan 2023 | ₹2.3t | ₹565.3b | ₹49.3b | 37.4x | 47.6x | 4.2x |
| Thu, 01 Dec 2022 | ₹2.4t | ₹565.3b | ₹49.3b | 36.4x | 49.4x | 4.3x |
Price to Earnings Ratio
49.4x
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 62.5x.
- The 3-year average PS ratio of 5.5x is lower than the industry's current PS ratio of 6.5x.
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 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 | -0.65% | |
| Healthcare | -0.77% | |
| Healthcare Services | 1.54% | |
| Healthcare Facilities | 1.98% | |
| Managed Healthcare | 0% | 0 |
| Healthcare Services | -1.43% | |
| Healthcare Distributors | -2.21% | |
Industry PE
- Investors are most optimistic about the Healthcare Facilities industry, which is trading close to its 3-year average PE ratio of 63.1x.
- Analysts are expecting annual earnings growth of 28.3%, which is higher than its past year's earnings growth of 8.4% per year.
- Investors are most pessimistic about the Healthcare Distributors industry, which is trading below its 3-year average of 60.0x.
Forecasted Growth
- Analysts are most optimistic on the Healthcare Distributors industry, expecting annual earnings growth of 33% over the next 5 years.
- This is better than its past earnings growth rate of 25% 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 | |
|---|---|---|---|---|---|
| 543220 Max Healthcare Institute | ₹1.16k | 3.0% +₹32.8b | 19.1% | PE82.8x | |
| MEDANTA Global Health | ₹1.25k | 4.0% +₹13.0b | 13.6% | PE59.8x | |
| RAINBOW Rainbow Children's Medicare | ₹1.35k | 3.1% +₹4.1b | -17.5% | PE54x | |
| UNIHEALTH Unihealth Hospitals | ₹337.45 | 80.4% +₹2.3b | 130.8% | PE20.7x | |
| KIMS Krishna Institute of Medical Sciences | ₹678.45 | 0.4% +₹960.3m | 13.7% | PE80.8x |
