Header cover image

Indian (NIFTY) Medical Equipment Industry Analysis

UpdatedMar 28, 2024
DataAggregated Company Financials
Companies11
  • 7D5.2%
  • 3M3.2%
  • 1Y64.1%
  • YTD5.0%

Over the last 7 days, the Medical Equipment industry has risen 5.2%, driven by gains from Poly Medicure of 5.8%. During this same period, the Nureca underperformed, falling 8.6%. This takes the industry's 12 month performance to a gain of 64%. Earnings are forecast to grow by 24% annually.

Industry Valuation and Performance

Has the Indian Medical Equipment Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 28 Mar 2024₹162.8b₹19.3b₹2.8b24.6x58.1x8.4x
Sat, 24 Feb 2024₹166.3b₹19.2b₹2.8b25.6x59.7x8.7x
Mon, 22 Jan 2024₹153.6b₹19.0b₹2.7b38x57.7x8.1x
Wed, 20 Dec 2023₹158.9b₹19.0b₹2.7b37.6x59.7x8.4x
Fri, 17 Nov 2023₹156.3b₹19.0b₹2.7b34.3x58.3x8.2x
Sun, 15 Oct 2023₹146.7b₹18.4b₹2.4b33.9x60.3x8x
Tue, 12 Sep 2023₹147.5b₹18.4b₹2.4b30.9x60.7x8x
Thu, 10 Aug 2023₹152.1b₹18.4b₹2.4b31.5x63.2x8.3x
Sat, 08 Jul 2023₹124.8b₹17.6b₹2.0b26.1x61.5x7.1x
Mon, 05 Jun 2023₹106.8b₹17.7b₹2.0b24.9x52.2x6x
Wed, 03 May 2023₹106.2b₹16.7b₹1.8b27.3x59.3x6.4x
Fri, 31 Mar 2023₹99.8b₹16.6b₹1.8b23.6x56.5x6x
Sun, 26 Feb 2023₹103.7b₹16.6b₹1.8b24.4x58.7x6.2x
Tue, 24 Jan 2023₹96.4b₹16.2b₹1.7b30.9x57.8x5.9x
Thu, 22 Dec 2022₹103.2b₹17.5b₹1.7b35.9x59.2x5.9x
Sat, 19 Nov 2022₹110.5b₹17.7b₹1.8b33.1x62.2x6.2x
Mon, 17 Oct 2022₹108.5b₹15.3b₹1.7b30.5x65.2x7.1x
Wed, 14 Sep 2022₹103.1b₹15.3b₹1.7b32x61.7x6.7x
Fri, 12 Aug 2022₹88.3b₹15.7b₹1.9b29.8x45.8x5.6x
Sun, 10 Jul 2022₹86.7b₹15.4b₹2.0b29.8x42.7x5.6x
Tue, 07 Jun 2022₹90.7b₹15.4b₹2.0b30.5x44.8x5.9x
Thu, 05 May 2022₹101.1b₹14.7b₹2.1b24.4x48.7x6.9x
Sat, 02 Apr 2022₹110.3b₹14.7b₹2.1b26.8x53.1x7.5x
Mon, 28 Feb 2022₹93.8b₹14.7b₹2.1b26.2x45.2x6.4x
Wed, 26 Jan 2022₹109.9b₹14.3b₹2.1b29.5x52.3x7.7x
Fri, 24 Dec 2021₹108.6b₹14.3b₹2.1b27.6x51.7x7.6x
Sun, 21 Nov 2021₹106.4b₹14.7b₹2.3b30.3x46x7.2x
Tue, 19 Oct 2021₹116.8b₹15.0b₹2.3b25.9x49.7x7.8x
Thu, 16 Sep 2021₹111.0b₹14.8b₹2.4b25.1x47.1x7.5x
Sat, 14 Aug 2021₹105.7b₹14.8b₹2.4b22.6x44.8x7.1x
Wed, 09 Jun 2021₹114.9b₹12.9b₹2.0b27.4x58.4x8.9x
Price to Earnings Ratio

43.7x


Total Market Cap: ₹86.0bTotal Earnings: ₹2.0bTotal Revenue: ₹12.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Medical Equipment Industry Price to Earnings3Y Average 54.5x202220232024
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 58.1x which is higher than its 3-year average PE of 54.5x.
  • The 3-year average PS ratio of 7.1x is lower than the industry's current PS ratio of 8.4x.
Past Earnings Growth
  • The earnings for companies in the Medical Equipment industry have grown 13% per year over the last three years.
  • Revenues for these companies have grown 14% 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 Market2.49%
Healthcare2.66%
Medical Equipment5.18%
Medical Supplies5.55%
Medical Equipment-8.20%
Industry PE
  • Investors are most optimistic about the Medical Supplies industry, which is trading close to its 3-year average PE ratio of 57.3x.
    • Analysts are expecting annual earnings growth of 24.3%, which is lower than the prior year's growth of 41.5% per year.
  • Investors are most pessimistic about the Medical Equipment industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 15.2x.
Forecasted Growth
  • Analysts are most optimistic on the Medical Supplies industry, expecting annual earnings growth of 24% over the next 5 years.
  • However this is lower than its past earnings growth rate of 41% per year.
  • In contrast, the Medical Supplies industry is expected to see its earnings grow by 24% per year over the next few years.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
531768 Poly Medicure₹1.59k3.9%
+₹5.8b
69.8%PE61.3x
MHHL Mohini Health & Hygiene₹52.802.6%
+₹24.6m
7.9%PE14.1x
533212 GKB Ophthalmics₹87.224.8%
+₹20.1m
-16.8%PS0.5x
530427 Choksi Imaging₹59.503.4%
+₹7.7m
39.7%PS11.8x
543309 Adeshwar Meditex₹32.901.5%
+₹7.2m
96.4%PE22.9x
Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. 337927). Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. Please read our Financial Services Guide before deciding whether to obtain financial services from us.

Latest News

533212

₹87.22

GKB Ophthalmics

7D

4.8%

1Y

-16.8%

544143

₹110.00

Royal Sense

7D

-6.2%

1Y

n/a

543309

₹32.90

Adeshwar Meditex

7D

1.5%

1Y

96.4%

531380

₹91.35

Centenial Surgical Suture

7D

1.4%

1Y

55.5%

538401

₹109.45

Maestros Electronics & Telecommunications Systems

7D

-8.0%

1Y

130.8%

543363

₹353.05

Prevest Denpro

7D

-1.9%

1Y

25.1%

NURECA

₹255.30

Nureca

7D

-13.5%

1Y

-15.3%

531768

₹1,588.80

Poly Medicure

7D

3.9%

1Y

69.8%

527005

₹151.75

Shree Pacetronix

7D

-1.8%

1Y

51.6%

530427

₹59.50

Choksi Imaging

7D

3.4%

1Y

39.7%