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Indian (NIFTY) Clinical Research and Equipment Industry Analysis

UpdatedAug 18, 2026
DataAggregated Company Financials
Companies22
  • 7D2.0%
  • 3M17.1%
  • 1Y21.7%
  • YTDn/a

The Clinical Research and Equipment industry is up 2.0% in the last week, with Divi's Laboratories up 2.2%. In the last 12 months, the industry was up 22%. As for the next few years, earnings are expected to grow by 22% per annum.

Industry Valuation and Performance

Has the Indian Clinical Research and Equipment Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 18 Aug 2026₹3.9t₹373.9b₹48.2b38.8x81.2x10.5x
Thu, 16 Jul 2026₹3.5t₹361.8b₹46.4b41.3x75x9.6x
Sat, 13 Jun 2026₹3.3t₹361.7b₹46.4b38.8x70.8x9.1x
Mon, 11 May 2026₹3.3t₹354.7b₹45.7b35.6x71.9x9.3x
Wed, 08 Apr 2026₹2.8t₹350.2b₹46.2b28.5x60.7x8x
Fri, 06 Mar 2026₹3.0t₹350.2b₹46.2b27.3x64.2x8.5x
Sun, 01 Feb 2026₹2.8t₹344.9b₹46.4b27.9x60.5x8.1x
Tue, 30 Dec 2025₹3.1t₹342.6b₹48.4b32.6x64.1x9.1x
Thu, 27 Nov 2025₹3.1t₹342.6b₹48.4b33.7x64.3x9.1x
Sat, 25 Oct 2025₹3.2t₹331.4b₹45.5b42.7x71.2x9.8x
Mon, 22 Sep 2025₹3.2t₹331.4b₹45.5b51.2x71.3x9.8x
Wed, 20 Aug 2025₹3.2t₹331.4b₹45.5b41.3x70.3x9.7x
Fri, 18 Jul 2025₹2.9t₹300.7b₹37.2b47.6x79.1x9.8x
Sun, 15 Jun 2025₹2.9t₹299.7b₹37.2b47.1x77.5x9.6x
Tue, 13 May 2025₹2.6t₹292.8b₹32.3b46.3x79.6x8.8x
Thu, 10 Apr 2025₹2.4t₹287.4b₹30.8b41.8x77.6x8.3x
Sat, 08 Mar 2025₹2.4t₹287.4b₹30.8b47.8x79.5x8.5x
Mon, 03 Feb 2025₹2.4t₹270.7b₹30.5b48.7x77.6x8.7x
Wed, 01 Jan 2025₹2.6t₹269.1b₹30.1b52.3x86x9.6x
Fri, 29 Nov 2024₹2.4t₹254.2b₹28.8b48.6x83.8x9.5x
Sun, 27 Oct 2024₹2.3t₹247.4b₹26.2b50x89.7x9.5x
Tue, 24 Sep 2024₹2.3t₹247.6b₹26.3b49.7x87.3x9.3x
Thu, 22 Aug 2024₹2.1t₹247.1b₹23.8b39.7x88.8x8.6x
Sat, 20 Jul 2024₹1.8t₹201.9b₹23.9b37.7x74.9x8.9x
Mon, 17 Jun 2024₹1.8t₹194.5b₹21.5b34.3x82.1x9.1x
Wed, 15 May 2024₹1.6t₹194.1b₹21.6b32.4x72.4x8.1x
Fri, 12 Apr 2024₹1.4t₹168.5b₹18.6b29.3x76.7x8.5x
Sun, 10 Mar 2024₹1.4t₹168.5b₹18.6b31.1x74x8.2x
Tue, 06 Feb 2024₹1.4t₹166.6b₹19.0b32.6x74.6x8.5x
Thu, 04 Jan 2024₹1.5t₹155.9b₹18.1b27.3x81x9.4x
Sat, 02 Dec 2023₹1.4t₹155.9b₹18.1b22.3x77.3x9x
Mon, 30 Oct 2023₹1.3t₹156.1b₹19.8b23x63.6x8.1x
Wed, 27 Sep 2023₹1.4t₹154.7b₹19.7b25.4x71x9x
Fri, 25 Aug 2023₹1.4t₹154.7b₹19.7b27.6x70.2x8.9x
Price to Earnings Ratio

70.2x


Total Market Cap: ₹1.4tTotal Earnings: ₹19.7bTotal Revenue: ₹154.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Clinical Research and Equipment Industry Price to Earnings3Y Average 74.9x202420252026
Current Industry PE
  • Investors are optimistic on the Indian Life Sciences Tools and Services industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 81.2x which is higher than its 3-year average PE of 74.9x.
  • The 3-year average PS ratio of 9.0x is lower than the industry's current PS ratio of 10.5x.
Past Earnings Growth
  • The earnings for companies in the Life Sciences Tools and Services industry have grown 35% per year over the last three years.
  • Revenues for these companies have grown 34% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Comparison

How does Indian Clinical Research and Equipment compare with similar industries?

IN Market-0.55%
Healthcare-0.53%
Life Sciences1.98%
Clinical Research and Equipment1.98%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
DIVISLAB Divi's Laboratories₹8.59k0.1%
+₹2.5b		41.3%PE77.9x
TARSONS Tarsons Products₹336.6513.3%
+₹2.1b		-0.7%PE161.4x
INNOVACAP Innova Captab₹1.04k2.4%
+₹1.4b		15.7%PE38.7x
526853 Bilcare₹101.7957.1%
+₹909.4m		51.5%PE145.5x
530239 Suven Life Sciences₹341.050.3%
+₹263.7m		44.1%PS1020.5x

Latest News

DCAL
₹169.14
Dishman Carbogen Amcis
7D
-12.6%
1Y
-37.2%
INNOVACAP
₹1,043.00
Innova Captab
7D
2.4%
1Y
15.7%
Analysis Article • Aug 15

Earnings Beat: Innova Captab Limited Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models

Innova Captab Limited ( NSE:INNOVACAP ) investors will be delighted, with the company turning in some strong numbers...
526853
₹101.79
Bilcare
7D
57.1%
1Y
51.5%
SYNGENE
₹404.10
Syngene International
7D
-0.8%
1Y
-40.8%
Narrative Update • Aug 14

SYNGENE: Earnings Guidance And Margin Outlook Will Pressure Future Returns

Analysts have trimmed their price target for Syngene International from ₹410 to ₹340, citing updated assumptions on revenue growth, profit margins, and a lower future P/E multiple in their valuation work. What’s in the News for Syngene International Syngene International issued earnings guidance for fiscal 2027, indicating an expected single digit decline in revenue in rupee terms and EBITDA margins in the mid 20% range.
AKUMS
₹744.15
Akums Drugs and Pharmaceuticals
7D
-2.2%
1Y
55.2%
Narrative Update • Aug 11

AKUMS: Upcoming Board Schedule And Special Dividend Will Shape Earnings Outlook

Analysts have lifted their price target on Akums Drugs and Pharmaceuticals from ₹730 to ₹780, citing updated estimates that reflect the new fair value, an adjusted discount rate, revised revenue growth assumptions, higher profit margin forecasts and a lower future P/E multiple. What's in the News Akums Drugs and Pharmaceuticals has scheduled a board meeting on Aug 08, 2026, at 13:30 Indian Standard Time to consider and approve the unaudited standalone and consolidated financial results for the quarter ended Jun 30, 2026.
TARSONS
₹336.65
Tarsons Products
7D
13.3%
1Y
-0.7%
WINDLAS
₹917.95
Windlas Biotech
7D
-2.7%
1Y
-12.7%
SAILIFE
₹1,440.10
Sai Life Sciences
7D
-0.3%
1Y
58.1%
Narrative Update • Aug 10

SAILIFE: Upcoming Board Review And Updated Assumptions Will Shape Measured Outlook

Analysts have lifted their price target on Sai Life Sciences from ₹1,275 to about ₹1,369, citing updated assumptions around revenue growth, discount rate, profit margin and future P/E that feed into their fair value models. What’s in the News for Sai Life Sciences Sai Life Sciences has scheduled a board meeting for August 6, 2026.
DIVISLAB
₹8,588.00
Divi's Laboratories
7D
0.1%
1Y
41.3%
Narrative Update • Aug 06

DIVISLAB: Elevated Future P/E Will Continue To Signal Overvaluation Risk

Analysts have nudged their fair value estimate for Divi's Laboratories higher from ₹5,610 to ₹6,000, citing a slightly lower discount rate, modestly adjusted revenue growth assumptions, and a small improvement in expected profit margins and future P/E levels. What's in the News for Divi's Laboratories Board meeting scheduled on May 23, 2026, to consider and approve audited standalone and consolidated financial results for the quarter and year ended March 31, 2026.
539267
₹11.80
Samsrita Labs
7D
2.6%
1Y
-44.6%
544184
₹130.30
Borosil Scientific
7D
-4.4%
1Y
-8.4%
530239
₹341.05
Suven Life Sciences
7D
0.3%
1Y
44.1%
INDGN
₹567.70
Indegene
7D
0.02%
1Y
-3.7%
Analysis Article • Aug 03

Indegene Limited (NSE:INDGN) First-Quarter Results Just Came Out: Here's What Analysts Are Forecasting For This Year

It's been a good week for Indegene Limited ( NSE:INDGN ) shareholders, because the company has just released its latest...
ONESOURCE
₹1,542.30
OneSource Specialty Pharma
7D
-3.5%
1Y
-15.9%
Analysis Article • Jul 29

Analysts Are Updating Their OneSource Specialty Pharma Limited (NSE:ONESOURCE) Estimates After Its First-Quarter Results

It's been a good week for OneSource Specialty Pharma Limited ( NSE:ONESOURCE ) shareholders, because the company has...
524394
₹621.65
Vimta Labs
7D
-3.2%
1Y
-6.7%
INFLUX
₹298.70
Influx Healthtech
7D
3.0%
1Y
88.1%