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Jul 18
Indian (NIFTY) Healthcare Services Industry Analysis
UpdatedJul 18, 2024
DataAggregated Company Financials
Companies72
- 7D0.5%
- 3M5.5%
- 1Y34.8%
- YTD14.4%
The Healthcare Services is pretty flat in the last 7 days, but Fortis Healthcare has stood out, gaining 4.0%. As for the the longer term, the industry is up 36% over the past 12 months. As for the next few years, earnings are expected to grow by 26% 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, 18 Jul 2024 | ₹4.2t | ₹697.0b | ₹63.2b | 50.4x | 67x | 6.1x |
| Sat, 15 Jun 2024 | ₹4.2t | ₹695.1b | ₹63.0b | 45.7x | 67.1x | 6.1x |
| Mon, 13 May 2024 | ₹4.0t | ₹775.6b | ₹61.2b | 36.9x | 64.7x | 5.1x |
| Wed, 10 Apr 2024 | ₹4.1t | ₹772.7b | ₹60.6b | 42.3x | 68.2x | 5.3x |
| Fri, 08 Mar 2024 | ₹3.8t | ₹770.9b | ₹60.5b | 42.4x | 63.1x | 5x |
| Sun, 04 Feb 2024 | ₹3.9t | ₹712.3b | ₹57.1b | 50.2x | 68.4x | 5.5x |
| Tue, 02 Jan 2024 | ₹3.6t | ₹702.7b | ₹55.2b | 41x | 65.1x | 5.1x |
| Thu, 30 Nov 2023 | ₹3.4t | ₹703.0b | ₹55.3b | 38.4x | 61.7x | 4.9x |
| Sat, 28 Oct 2023 | ₹3.0t | ₹676.1b | ₹56.0b | 42.4x | 53.3x | 4.4x |
| Mon, 25 Sep 2023 | ₹3.0t | ₹675.3b | ₹55.7b | 43.3x | 54.1x | 4.5x |
| Wed, 23 Aug 2023 | ₹2.9t | ₹665.0b | ₹54.9b | 42.3x | 53.3x | 4.4x |
| Fri, 21 Jul 2023 | ₹3.0t | ₹632.3b | ₹54.1b | 43x | 54.9x | 4.7x |
| Sun, 18 Jun 2023 | ₹2.8t | ₹630.3b | ₹54.1b | 39.1x | 51.9x | 4.5x |
| Tue, 16 May 2023 | ₹2.5t | ₹601.7b | ₹50.0b | 34.6x | 49.7x | 4.1x |
| Thu, 13 Apr 2023 | ₹2.3t | ₹599.3b | ₹49.7b | 35.8x | 47.1x | 3.9x |
| Sat, 11 Mar 2023 | ₹2.3t | ₹590.4b | ₹50.4b | 38.6x | 45.5x | 3.9x |
| Mon, 06 Feb 2023 | ₹2.2t | ₹570.0b | ₹49.7b | 35.1x | 44.9x | 3.9x |
| Wed, 04 Jan 2023 | ₹2.4t | ₹565.3b | ₹49.3b | 36.7x | 47.9x | 4.2x |
| Fri, 02 Dec 2022 | ₹2.4t | ₹565.3b | ₹49.3b | 36.5x | 49.6x | 4.3x |
| Sun, 30 Oct 2022 | ₹2.3t | ₹524.8b | ₹45.0b | 27.9x | 50.4x | 4.3x |
| Tue, 27 Sep 2022 | ₹2.1t | ₹525.0b | ₹44.9b | 27.6x | 47.8x | 4.1x |
| Thu, 25 Aug 2022 | ₹2.1t | ₹524.3b | ₹44.9b | 25.4x | 46.3x | 4x |
| Sat, 23 Jul 2022 | ₹2.0t | ₹516.9b | ₹48.8b | 24.3x | 41x | 3.9x |
| Mon, 20 Jun 2022 | ₹1.8t | ₹517.7b | ₹48.9b | 26x | 37.4x | 3.5x |
| Wed, 18 May 2022 | ₹1.9t | ₹499.3b | ₹45.9b | 27.3x | 42.4x | 3.9x |
| Fri, 15 Apr 2022 | ₹2.2t | ₹490.5b | ₹45.1b | 27.2x | 48.4x | 4.4x |
| Sun, 13 Mar 2022 | ₹2.1t | ₹490.4b | ₹45.1b | 25.2x | 46.8x | 4.3x |
| Tue, 08 Feb 2022 | ₹2.1t | ₹469.5b | ₹42.0b | 31.9x | 50.8x | 4.5x |
| Thu, 06 Jan 2022 | ₹2.4t | ₹466.0b | ₹42.8b | 30x | 56.6x | 5.2x |
| Sat, 04 Dec 2021 | ₹2.4t | ₹466.0b | ₹42.8b | 28.6x | 56.1x | 5.2x |
| Mon, 01 Nov 2021 | ₹2.1t | ₹437.2b | ₹34.5b | 36x | 60.7x | 4.8x |
| Wed, 29 Sep 2021 | ₹2.2t | ₹435.3b | ₹34.4b | 35.8x | 64x | 5.1x |
| Fri, 27 Aug 2021 | ₹2.2t | ₹431.1b | ₹33.5b | 35.4x | 65.4x | 5.1x |
Price to Earnings Ratio
62.5x
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 67.0x which is higher than its 3-year average PE of 54.1x.
- The 3-year average PS ratio of 4.6x is lower than the industry's current PS ratio of 6.1x.
Past Earnings Growth
- The earnings for companies in the Healthcare industry have grown 26% 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 | 1.15% | |
| Healthcare | 0.38% | |
| Healthcare Services | 0.54% | |
| Healthcare Distributors | 0.90% | |
| Healthcare Facilities | 0.56% | |
| Healthcare Services | 0.16% | |
| Managed Healthcare | 0% | |
Industry PE
- Investors are most optimistic about the Healthcare Distributors industry which is trading above its 3-year average PE ratio of 33.3x.
- Analysts are expecting annual earnings growth of 53.7%, which is higher than its past year's earnings growth of 34.6% 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 51.9x.
Forecasted Growth
- Analysts are most optimistic on the Healthcare Distributors industry, expecting annual earnings growth of 54% over the next 5 years.
- This is better than its past earnings growth rate of 35% 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 | |
|---|---|---|---|---|---|
| FORTIS Fortis Healthcare | ₹488.90 | 4.0% +₹14.2b | 48.6% | PE61.6x | |
| 543220 Max Healthcare Institute | ₹920.50 | 1.6% +₹13.7b | 50.5% | PE84.6x | |
| APOLLOHOSP Apollo Hospitals Enterprise | ₹6.45k | 1.2% +₹11.2b | 24.7% | PE103.3x | |
| ARTEMISMED Artemis Medicare Services | ₹229.02 | 21.8% +₹5.8b | 73.1% | PE64.1x | |
| LALPATHLAB Dr. Lal PathLabs | ₹3.00k | 1.7% +₹4.1b | 27.8% | PE69.7x |
