Shareholders Will Most Likely Find Mohini Health & Hygiene Limited's (NSE:MHHL) CEO Compensation Acceptable
Sep 24
Indian (NIFTY) Medical Equipment Industry Analysis
UpdatedSep 30, 2023
DataAggregated Company Financials
Companies13
- 7D-0.6%
- 3M17.0%
- 1Y45.5%
- YTD45.2%
Over the last 7 days, the Medical Equipment industry has dropped 1.8%, driven by a pullback from Poly Medicure of 0.7%. In contrast, Centenial Surgical Suture has gained 40%. This takes the industry's 12 month performance to a gain of 44%. Earnings are forecast to grow by 22% 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 |
|---|---|---|---|---|---|---|
| Sat, 30 Sep 2023 | ₹146.4b | ₹18.4b | ₹2.4b | 36.2x | 60.2x | 8x |
| Mon, 28 Aug 2023 | ₹149.4b | ₹18.4b | ₹2.4b | 29.6x | 61.4x | 8.1x |
| Wed, 26 Jul 2023 | ₹125.3b | ₹17.6b | ₹2.0b | 29.6x | 61.7x | 7.1x |
| Fri, 23 Jun 2023 | ₹124.4b | ₹17.6b | ₹2.0b | 23.8x | 61.3x | 7.1x |
| Sun, 21 May 2023 | ₹105.8b | ₹17.5b | ₹2.0b | 30.8x | 52.4x | 6x |
| Tue, 18 Apr 2023 | ₹101.1b | ₹16.6b | ₹1.8b | 25.5x | 57.3x | 6.1x |
| Thu, 16 Mar 2023 | ₹102.0b | ₹16.6b | ₹1.8b | 25x | 57.7x | 6.1x |
| Sat, 11 Feb 2023 | ₹98.7b | ₹16.6b | ₹1.8b | 31.5x | 55.5x | 6x |
| Mon, 09 Jan 2023 | ₹100.0b | ₹16.2b | ₹1.7b | 29.7x | 59.9x | 6.2x |
| Wed, 07 Dec 2022 | ₹109.0b | ₹17.5b | ₹1.7b | 37x | 62.6x | 6.2x |
| Fri, 04 Nov 2022 | ₹106.2b | ₹16.8b | ₹1.8b | 36.8x | 59.9x | 6.3x |
| Sun, 02 Oct 2022 | ₹99.7b | ₹15.3b | ₹1.7b | 30.5x | 59.7x | 6.5x |
| Tue, 30 Aug 2022 | ₹101.9b | ₹15.3b | ₹1.7b | 30.6x | 60.9x | 6.7x |
| Thu, 28 Jul 2022 | ₹87.5b | ₹15.4b | ₹2.0b | 30.4x | 43.2x | 5.7x |
| Sat, 25 Jun 2022 | ₹87.2b | ₹15.4b | ₹2.0b | 27.6x | 43x | 5.7x |
| Mon, 23 May 2022 | ₹87.2b | ₹14.7b | ₹2.1b | 28.2x | 42.2x | 5.9x |
| Wed, 20 Apr 2022 | ₹107.2b | ₹14.7b | ₹2.1b | 27.5x | 51.6x | 7.3x |
| Fri, 18 Mar 2022 | ₹101.2b | ₹14.7b | ₹2.1b | 26.8x | 48.7x | 6.9x |
| Sun, 13 Feb 2022 | ₹97.5b | ₹14.6b | ₹2.1b | 31.4x | 46.6x | 6.7x |
| Tue, 11 Jan 2022 | ₹117.6b | ₹14.3b | ₹2.1b | 33.6x | 56x | 8.2x |
| Thu, 09 Dec 2021 | ₹113.8b | ₹14.3b | ₹2.1b | 28.4x | 54.2x | 7.9x |
| Sat, 06 Nov 2021 | ₹110.1b | ₹15.2b | ₹2.4b | 25.3x | 46.4x | 7.3x |
| Mon, 04 Oct 2021 | ₹110.5b | ₹15.0b | ₹2.3b | 24.2x | 47x | 7.4x |
| Wed, 01 Sep 2021 | ₹109.6b | ₹14.8b | ₹2.4b | 24.3x | 46.5x | 7.4x |
| Thu, 08 Jul 2021 | ₹115.6b | ₹14.8b | ₹2.4b | 23.3x | 49.1x | 7.8x |
| Wed, 31 Mar 2021 | ₹86.0b | ₹12.9b | ₹2.0b | 14.6x | 43.7x | 6.7x |
| Sat, 02 Jan 2021 | ₹46.5b | ₹10.4b | ₹1.3b | 19.3x | 34.7x | 4.5x |
| Tue, 06 Oct 2020 | ₹41.9b | ₹10.2b | ₹1.2b | 18.9x | 34.4x | 4.1x |
Price to Earnings Ratio
34.4x
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 60.9x which is higher than its 3-year average PE of 51.5x.
- The 3-year average PS ratio of 6.6x is lower than the industry's current PS ratio of 8.1x.
Past Earnings Growth
- The earnings for companies in the Medical Equipment industry have grown 26% per year over the last three years.
- Revenues for these companies have grown 22% 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 | 0.33% | |
| Healthcare | 2.60% | |
| Medical Equipment | -0.64% | |
| Medical Equipment | -0.37% | |
| Medical Supplies | -0.65% | |
Industry PE
- Investors are most optimistic about the Medical Equipment industry which is trading above its 3-year average PE ratio of 4.1x.
- 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, which is trading close to its 3-year average of 54.8x.
Forecasted Growth
- Analysts are most optimistic on the Medical Supplies industry, expecting annual earnings growth of 22% over the next 5 years.
- However this is lower than its past earnings growth rate of 43% per year.
- In contrast, the Medical Supplies industry is expected to see its earnings grow by 22% 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 | |
|---|---|---|---|---|---|
| 531380 Centenial Surgical Suture | ₹125.44 | 40.0% +₹130.8m | 136.2% | PE46x | |
| 527005 Shree Pacetronix | ₹373.65 | 4.5% +₹57.8m | 503.1% | PE36.2x | |
| 533212 GKB Ophthalmics | ₹101.05 | 2.6% +₹13.1m | -17.4% | PS0.6x | |
| 538401 Maestros Electronics & Telecommunications Systems | ₹100.00 | 0.4% +₹1.9m | 87.1% | PE12.5x |