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Indian (NIFTY) Medical Equipment Industry Analysis
UpdatedJan 20, 2025
DataAggregated Company Financials
Companies15
- 7D-5.4%
- 3M3.8%
- 1Y68.9%
- YTD-4.8%
Over the last 7 days, the Medical Equipment industry has dropped 5.4%, driven by Poly Medicure declining 6.0%. On the other hand GSM Foils is actually up 21%. Over the past 12 months, the industry was up 69%. Earnings are forecast to grow by 25% annually.
Industry Valuation and Performance
Has the Indian Medical Equipment Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 20 Jan 2025 | ₹298.9b | ₹25.4b | ₹3.7b | 28.8x | 80.3x | 11.8x |
| Wed, 18 Dec 2024 | ₹300.0b | ₹22.8b | ₹3.4b | 32.6x | 88x | 13.1x |
| Fri, 15 Nov 2024 | ₹285.6b | ₹22.8b | ₹3.4b | 23x | 84.1x | 12.5x |
| Sun, 13 Oct 2024 | ₹255.5b | ₹22.0b | ₹3.2b | 34x | 80.7x | 11.6x |
| Tue, 10 Sep 2024 | ₹271.9b | ₹22.1b | ₹3.2b | 31.5x | 85.8x | 12.3x |
| Thu, 08 Aug 2024 | ₹196.0b | ₹22.2b | ₹3.2b | 29.3x | 61.5x | 8.8x |
| Sat, 06 Jul 2024 | ₹218.4b | ₹21.3b | ₹3.1b | 29.9x | 71.5x | 10.3x |
| Mon, 03 Jun 2024 | ₹188.2b | ₹21.0b | ₹3.0b | 25x | 63x | 9x |
| Wed, 01 May 2024 | ₹172.4b | ₹19.8b | ₹2.9b | 29.6x | 59.9x | 8.7x |
| Fri, 29 Mar 2024 | ₹163.4b | ₹19.3b | ₹2.8b | 25.8x | 58.3x | 8.4x |
| Sun, 25 Feb 2024 | ₹166.3b | ₹19.2b | ₹2.8b | 25.6x | 59.7x | 8.7x |
| Tue, 23 Jan 2024 | ₹153.6b | ₹19.0b | ₹2.7b | 38x | 57.7x | 8.1x |
| Thu, 21 Dec 2023 | ₹155.9b | ₹19.0b | ₹2.7b | 37.4x | 58.6x | 8.2x |
| Sat, 18 Nov 2023 | ₹161.8b | ₹19.0b | ₹2.7b | 33.6x | 60.3x | 8.5x |
| Mon, 16 Oct 2023 | ₹146.7b | ₹18.4b | ₹2.4b | 33.9x | 60.3x | 8x |
| Wed, 13 Sep 2023 | ₹143.0b | ₹18.4b | ₹2.4b | 28.8x | 58.8x | 7.8x |
| Fri, 11 Aug 2023 | ₹156.1b | ₹18.4b | ₹2.4b | 31.1x | 64.9x | 8.5x |
| Sun, 09 Jul 2023 | ₹124.8b | ₹17.6b | ₹2.0b | 26.1x | 61.5x | 7.1x |
| Tue, 06 Jun 2023 | ₹107.7b | ₹18.7b | ₹2.1b | 25x | 50.7x | 5.8x |
| Thu, 04 May 2023 | ₹106.5b | ₹16.7b | ₹1.8b | 28x | 59.4x | 6.4x |
| Sat, 01 Apr 2023 | ₹101.5b | ₹16.6b | ₹1.8b | 24.7x | 57.5x | 6.1x |
| Mon, 27 Feb 2023 | ₹103.7b | ₹16.6b | ₹1.8b | 24.4x | 58.7x | 6.2x |
| Wed, 25 Jan 2023 | ₹95.6b | ₹16.2b | ₹1.7b | 30.3x | 57.3x | 5.9x |
| Fri, 23 Dec 2022 | ₹103.3b | ₹17.5b | ₹1.7b | 35.5x | 59.2x | 5.9x |
| Sun, 20 Nov 2022 | ₹110.5b | ₹17.7b | ₹1.8b | 33.1x | 62.2x | 6.2x |
| Tue, 18 Oct 2022 | ₹108.5b | ₹15.3b | ₹1.7b | 30.5x | 65.2x | 7.1x |
| Thu, 15 Sep 2022 | ₹103.8b | ₹15.3b | ₹1.7b | 33.9x | 62.1x | 6.8x |
| Sat, 13 Aug 2022 | ₹87.5b | ₹15.7b | ₹1.9b | 30.2x | 45.5x | 5.6x |
| Mon, 11 Jul 2022 | ₹86.7b | ₹15.4b | ₹2.0b | 29.8x | 42.7x | 5.6x |
| Wed, 08 Jun 2022 | ₹89.1b | ₹15.4b | ₹2.0b | 30.6x | 44x | 5.8x |
| Fri, 06 May 2022 | ₹101.1b | ₹14.7b | ₹2.1b | 23.9x | 48.7x | 6.9x |
| Sun, 03 Apr 2022 | ₹110.3b | ₹14.7b | ₹2.1b | 26.8x | 53.1x | 7.5x |
| Tue, 01 Mar 2022 | ₹96.5b | ₹14.7b | ₹2.1b | 26.7x | 46.5x | 6.6x |
| Thu, 27 Jan 2022 | ₹109.9b | ₹14.3b | ₹2.1b | 29.5x | 52.3x | 7.7x |
Price to Earnings Ratio
52.3x
Current Industry PE
- Investors are optimistic on the Indian Medical Equipment industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 80.3x which is higher than its 3-year average PE of 61.0x.
- The 3-year average PS ratio of 8.0x is lower than the industry's current PS ratio of 11.8x.
Past Earnings Growth
- The earnings for companies in the Medical Equipment industry have grown 21% per year over the last three years.
- Revenues for these companies have grown 21% 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 | -0.26% | |
| Healthcare | -1.99% | |
| Medical Equipment | -5.43% | |
| Medical Equipment | 3.54% | |
| Medical Supplies | -5.60% | |
Industry PE
- Investors are most optimistic about the Medical Equipment industry which is trading above its 3-year average PE ratio of 27.7x.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
- Investors are most pessimistic about the Medical Supplies industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 60.9x.
Forecasted Growth
- Analysts are most optimistic on the Medical Supplies industry, expecting annual earnings growth of 25% over the next 5 years.
- This is roughly in line with its past earnings growth rate.
- In contrast, the Medical Supplies industry is expected to see its earnings grow by 25% 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 | |
|---|---|---|---|---|---|
| NURECA Nureca | ₹414.05 | 25.2% +₹833.5m | 4.5% | PS4.6x | |
| 543363 Prevest Denpro | ₹647.85 | 7.1% +₹512.5m | 47.6% | PE46x | |
| GSMFOILS GSM Foils | ₹135.55 | 15.4% +₹231.9m | n/a | PE27.3x | |
| MHHL Mohini Health & Hygiene | ₹75.50 | 13.1% +₹159.6m | 10.8% | PE13.2x | |
| YASHOPTICS Yash Optics & Lens | ₹88.65 | 5.1% +₹106.5m | n/a | PE23.7x |