With EPS Growth And More, Global Health (NSE:MEDANTA) Makes An Interesting Case
Aug 02
Indian (NIFTY) Healthcare Services Industry Analysis
UpdatedAug 05, 2024
DataAggregated Company Financials
Companies73
- 7D0.04%
- 3M6.8%
- 1Y42.8%
- YTD17.3%
Last week, the Healthcare Services industry hasn't moved much but Aster DM Healthcare is up 8.8% in that time. The past year has been better, since the industry has gained 43% in that time. Looking forward, earnings are forecast to grow by 26% 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 |
|---|---|---|---|---|---|---|
| Tue, 06 Aug 2024 | ₹4.3t | ₹702.3b | ₹64.7b | 46.9x | 67.1x | 6.2x |
| Thu, 04 Jul 2024 | ₹4.2t | ₹696.7b | ₹63.2b | 47.8x | 66.2x | 6x |
| Sat, 01 Jun 2024 | ₹3.9t | ₹690.7b | ₹61.4b | 40.7x | 63.1x | 5.6x |
| Mon, 29 Apr 2024 | ₹4.0t | ₹772.9b | ₹60.6b | 37.9x | 66.7x | 5.2x |
| Wed, 27 Mar 2024 | ₹3.9t | ₹772.6b | ₹60.6b | 37.6x | 64.6x | 5.1x |
| Fri, 23 Feb 2024 | ₹4.3t | ₹766.9b | ₹60.0b | 42.4x | 71x | 5.6x |
| Sun, 21 Jan 2024 | ₹3.8t | ₹708.4b | ₹55.9b | 43.6x | 67.4x | 5.3x |
| Tue, 19 Dec 2023 | ₹3.5t | ₹703.0b | ₹55.3b | 40.4x | 63.1x | 5x |
| Thu, 16 Nov 2023 | ₹3.3t | ₹701.3b | ₹55.1b | 40.1x | 59.2x | 4.7x |
| Sat, 14 Oct 2023 | ₹3.1t | ₹675.8b | ₹55.9b | 45.5x | 56.2x | 4.7x |
| Mon, 11 Sep 2023 | ₹3.0t | ₹665.1b | ₹54.9b | 45.7x | 54.9x | 4.5x |
| Wed, 09 Aug 2023 | ₹2.9t | ₹647.7b | ₹56.2b | 42.2x | 51.6x | 4.5x |
| Fri, 07 Jul 2023 | ₹2.9t | ₹630.5b | ₹54.1b | 40.5x | 54.3x | 4.7x |
| Sun, 04 Jun 2023 | ₹2.6t | ₹629.5b | ₹54.0b | 37.1x | 48.5x | 4.2x |
| Tue, 02 May 2023 | ₹2.4t | ₹599.2b | ₹49.6b | 33x | 47.5x | 3.9x |
| Thu, 30 Mar 2023 | ₹2.3t | ₹599.3b | ₹49.7b | 31.2x | 45.9x | 3.8x |
| Sat, 25 Feb 2023 | ₹2.3t | ₹590.3b | ₹50.4b | 35.9x | 45.4x | 3.9x |
| Mon, 23 Jan 2023 | ₹2.3t | ₹567.5b | ₹49.4b | 37x | 46.3x | 4x |
| Wed, 21 Dec 2022 | ₹2.4t | ₹565.3b | ₹49.3b | 36x | 47.8x | 4.2x |
| Fri, 18 Nov 2022 | ₹2.3t | ₹564.4b | ₹49.4b | 34.1x | 47.5x | 4.2x |
| Sun, 16 Oct 2022 | ₹2.2t | ₹524.6b | ₹44.9b | 29.8x | 48.8x | 4.2x |
| Tue, 13 Sep 2022 | ₹2.2t | ₹525.0b | ₹44.9b | 31x | 49.2x | 4.2x |
| Thu, 11 Aug 2022 | ₹2.1t | ₹519.6b | ₹46.8b | 24.8x | 44.7x | 4x |
| Sat, 09 Jul 2022 | ₹1.9t | ₹517.8b | ₹48.9b | 26.8x | 39.4x | 3.7x |
| Mon, 06 Jun 2022 | ₹1.9t | ₹517.7b | ₹48.9b | 26.3x | 38.7x | 3.7x |
| Wed, 04 May 2022 | ₹2.1t | ₹490.3b | ₹44.9b | 24.8x | 46.5x | 4.3x |
| Fri, 01 Apr 2022 | ₹2.1t | ₹490.5b | ₹45.1b | 24.2x | 46.5x | 4.3x |
| Sun, 27 Feb 2022 | ₹2.0t | ₹490.3b | ₹45.0b | 24.5x | 45.3x | 4.2x |
| Tue, 25 Jan 2022 | ₹2.1t | ₹466.0b | ₹42.8b | 30.8x | 49.9x | 4.6x |
| Thu, 23 Dec 2021 | ₹2.3t | ₹466.0b | ₹42.8b | 29.7x | 53.3x | 4.9x |
| Sat, 20 Nov 2021 | ₹2.4t | ₹461.8b | ₹41.4b | 38.3x | 57.8x | 5.2x |
| Mon, 18 Oct 2021 | ₹2.2t | ₹435.3b | ₹34.4b | 35.8x | 62.9x | 5x |
| Wed, 15 Sep 2021 | ₹2.4t | ₹435.3b | ₹34.4b | 38x | 69.5x | 5.5x |
| Fri, 13 Aug 2021 | ₹2.0t | ₹427.1b | ₹31.6b | 36.1x | 62.8x | 4.6x |
Price to Earnings Ratio
62.8x
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 67.1x which is higher than its 3-year average PE of 54.2x.
- The 3-year average PS ratio of 4.6x is lower than the industry's current PS ratio of 6.2x.
Past Earnings Growth
- The earnings for companies in the Healthcare industry have grown 27% 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 | -0.019% | |
| Healthcare | 1.72% | |
| Healthcare Services | 0.041% | |
| Healthcare Distributors | 2.44% | |
| Healthcare Services | 0.049% | |
| Managed Healthcare | 0% | |
| Healthcare Facilities | -0.029% | |
Industry PE
- Investors are most optimistic about the Healthcare Facilities industry which is trading above its 3-year average PE ratio of 54.8x.
- Analysts are expecting annual earnings growth of 26.7%, which is higher than its past year's earnings growth of 15.3% per year.
- Investors are most pessimistic about the Healthcare Distributors industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 34.2x.
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 20% 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 | |
|---|---|---|---|---|---|
| ASTERDM Aster DM Healthcare | ₹368.55 | 7.8% +₹13.2b | 16.4% | PE110x | |
| LALPATHLAB Dr. Lal PathLabs | ₹3.16k | 2.7% +₹6.8b | 33.1% | PE73.5x | |
| FORTIS Fortis Healthcare | ₹501.85 | 1.1% +₹4.0b | 54.9% | PE63.3x | |
| ENTERO Entero Healthcare Solutions | ₹1.21k | 1.9% +₹998.2m | n/a | PE132.8x | |
| APOLLOHOSP Apollo Hospitals Enterprise | ₹6.69k | 0.09% +₹855.5m | 33.4% | PE107x |
