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Indian (NIFTY) Medical Equipment Industry Analysis

UpdatedNov 29, 2022
DataAggregated Company Financials
Companies14
  • 7D0.7%
  • 3M7.7%
  • 1Y-10.0%
  • YTD-10.5%

The Medical Equipment is pretty flat in the last 7 days, but Poly Medicure has stood out, gaining 3.2%. Unfortunately though, the industry is down 10% over the past 12 months. Looking forward, earnings are forecast to grow by 31% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 30 Nov 2022₹111.2b₹17.5b₹1.7b36.8x63.8x6.4x
Fri, 28 Oct 2022₹108.2b₹16.8b₹1.8b34.1x61.1x6.5x
Sun, 25 Sep 2022₹103.5b₹15.3b₹1.7b32x61.9x6.8x
Tue, 23 Aug 2022₹89.0b₹14.9b₹1.5b22.7x57.6x6x
Thu, 21 Jul 2022₹91.4b₹15.4b₹2.0b33.5x45.1x6x
Sat, 18 Jun 2022₹82.6b₹15.4b₹2.0b27.6x40.7x5.4x
Mon, 16 May 2022₹90.7b₹14.7b₹2.1b22.4x43.7x6.2x
Wed, 13 Apr 2022₹106.3b₹14.7b₹2.1b26.8x51.2x7.2x
Fri, 11 Mar 2022₹97.3b₹14.7b₹2.1b27.3x46.9x6.6x
Sun, 06 Feb 2022₹106.9b₹14.6b₹2.1b29.4x51.1x7.3x
Tue, 04 Jan 2022₹121.0b₹14.3b₹2.1b35.2x57.6x8.4x
Thu, 02 Dec 2021₹120.0b₹14.3b₹2.1b28.5x57.1x8.4x
Sat, 30 Oct 2021₹110.9b₹14.9b₹2.3b26x47.3x7.4x
Mon, 27 Sep 2021₹110.7b₹15.1b₹2.4b24x46x7.3x
Wed, 25 Aug 2021₹106.3b₹14.8b₹2.4b25x45.1x7.2x
Thu, 01 Jul 2021₹115.6b₹14.8b₹2.4b23.3x49.1x7.8x
Sun, 04 Apr 2021₹86.0b₹12.9b₹2.0b14.6x43.7x6.7x
Wed, 06 Jan 2021₹46.5b₹10.4b₹1.3b19.3x34.7x4.5x
Sat, 10 Oct 2020₹41.9b₹10.2b₹1.2b18.9x34.4x4.1x
Fri, 03 Jul 2020₹27.2b₹9.8b₹1.1b12.1x24.9x2.8x
Mon, 06 Apr 2020₹21.9b₹9.7b₹1.0b19.9x21.4x2.2x
Thu, 09 Jan 2020₹21.4b₹11.7b-₹11,278,468,995.0020.3x-1.9x1.8x
Price to Earnings Ratio

-1.8x


Total Market Cap: ₹20.2bTotal Earnings: -₹11,354,984,890.00Total Revenue: ₹11.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Medical Equipment Industry Price to Earnings3Y Average 40.1x202020212022
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 63.8x which is higher than its 3-year average PE of 38.9x.
  • The 3-year average PS ratio of 5.4x is lower than the industry's current PS ratio of 6.4x.
Past Earnings Growth
  • Total earnings for the Medical Equipment industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 15% per year.
  • This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.

Industry Trends

Which industries have driven the changes within the Indian Healthcare industry?

IN Market1.88%
Healthcare1.58%
Medical Equipment0.67%
Medical Supplies1.49%
Medical Equipment-6.52%
Industry PE
  • Investors are most optimistic about the Medical Equipment industry which is trading above its 3-year average PE ratio of 33.4x.
    • 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 45.7x.
Forecasted Growth
  • Analysts are most optimistic on the Medical Supplies industry, expecting annual earnings growth of 31% 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 31% 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₹974.903.2%
+₹2.9b
-5.9%PE66.3x
QMSMEDI QMS Medical Allied Services₹221.9514.6%
+₹504.3m
n/aPE53.1x
MHHL Mohini Health & Hygiene₹54.9035.7%
+₹263.5m
125.9%PE12x
543363 Prevest Denpro₹390.300.7%
+₹31.8m
71.8%PE35.4x
524602 Bandaram Pharma Packtech₹32.0827.5%
+₹20.8m
n/aPB3.2x
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Latest News

MHHL

₹54.90

Mohini Health & Hygiene

7D

35.7%

1Y

125.9%

543264

₹530.15

Nureca

7D

-14.6%

1Y

-64.4%

524602

₹32.08

Bandaram Pharma Packtech

7D

27.5%

1Y

n/a

527005

₹118.55

Shree Pacetronix

7D

-14.4%

1Y

379.4%

QMSMEDI

₹221.95

QMS Medical Allied Services

7D

14.6%

1Y

n/a

543363

₹390.30

Prevest Denpro

7D

0.7%

1Y

71.8%

533212

₹100.15

GKB Ophthalmics

7D

-4.5%

1Y

28.4%

531768

₹974.90

Poly Medicure

7D

3.2%

1Y

-5.9%

530427

₹47.50

Choksi Imaging

7D

-1.8%

1Y

6.3%

538401

₹60.35

Maestros Electronics & Telecommunications Systems

7D

5.9%

1Y

14.4%