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Indian (NIFTY) Medical Equipment Industry Analysis

UpdatedNov 28, 2021
DataAggregated Company Financials
Companies11
  • 7D7.1%
  • 3M3.2%
  • 1Y96.5%
  • YTD90.1%

Over the last 7 days, the Medical Equipment industry has risen 7.1%, driven by gains from Poly Medicure of 8.2%. This takes the industry's 12 month performance to a gain of 96%.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPE
Sun, 28 Nov 2021₹113.9b₹14.8b₹2.3b24.2x
Tue, 26 Oct 2021₹109.6b₹15.0b₹2.3b25.7x
Thu, 23 Sep 2021₹109.4b₹14.8b₹2.4b24.6x
Sat, 21 Aug 2021₹104.5b₹14.8b₹2.4b22.1x
Sat, 05 Jun 2021₹114.9b₹12.9b₹2.0b27.4x
Tue, 09 Mar 2021₹76.3b₹11.4b₹1.4b19.7x
Mon, 30 Nov 2020₹44.9b₹10.2b₹1.2b17.3x
Thu, 03 Sep 2020₹36.9b₹9.8b₹1.1b17.1x
Sun, 07 Jun 2020₹27.1b₹9.7b₹1.0b21.9x
Sat, 29 Feb 2020₹28.4b₹11.7b-₹11,278,468,995.0025.8x
Tue, 03 Dec 2019₹20.2b₹11.5b-₹11,354,984,890.0021.1x
Fri, 06 Sep 2019₹18.9b₹11.6b₹1.3b15.5x
Mon, 10 Jun 2019₹21.0b₹11.7b₹1.3b17.1x
Sun, 03 Mar 2019₹22.1b₹11.3b₹1.3b24.9x
Wed, 05 Dec 2018₹23.2b₹11.3b₹1.2b22.7x
PE Ratio

22.7x

Total Market Cap: ₹23.2bTotal Earnings: ₹1.2bTotal Revenue: ₹11.3b0%0%0%3 Year10 Year
201920202021

Current Industry PE: Investors are relatively neutral on the industry at the moment, considering it's trading close to its 3-year average PE ratio of 20.5x. It appears they believe that earnings will grow in-line with historical growth rates.

Past Earnings Growth: The earnings for companies in the Medical Equipment industry have grown 23% per year over the last three years, and revenues for these companies have grown 9.6% 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 Medical Equipment industry?

Medical Supplies7.82%
Medical Equipment2.72%

Industry PE: Investors are most optimistic about the Medical Supplies industry which is trading above its 3-year average PE ratio of 16.7x. However analysts are expecting annual earnings growth of 18%, which is lower than the prior year's growth of 22% per year. So the market might believe that analysts are underestimating future growth. Meanwhile, investors are most pessimistic about the Medical Equipment industry, which is trading below its 3-year average of 44.7x.

Forecasted Growth: Analysts are most optimistic on the Medical Supplies industry, expecting annual earnings growth of 18% over the next 5 years. However this is lower than its past earnings growth rate of 22% per year.

Top Stock Gainers and Losers

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

Company7D1YValuation
531768 Poly Medicure8.2%+₹7.1b100.2%PE62.6x
543264 Nureca2.7%+₹395.0mn/aPE20.8x
543363 Prevest Denpro1.0%+₹26.4mn/an/a
527005 Shree Pacetronix27.5%+₹17.4m107.0%PE20.8x
530427 Choksi Imaging5.9%+₹8.8m142.4%PE21.1x
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