Have your own idea? Try our Stock Screener
Indian (NIFTY) Medical Equipment Industry Analysis
UpdatedFeb 21, 2025
DataAggregated Company Financials
Companies15
- 7D-1.9%
- 3M-13.8%
- 1Y34.9%
- YTD-18.8%
Over the last 7 days, the Medical Equipment industry has dropped 7.6%, driven by Laxmi Dental declining 10%. In the past year, the industry has gained 29%. As for the next few years, earnings are expected to grow by 25% per annum.
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 |
|---|---|---|---|---|---|---|
| Fri, 21 Feb 2025 | ₹260.5b | ₹26.9b | ₹4.0b | 22.9x | 65.2x | 9.7x |
| Sun, 19 Jan 2025 | ₹298.9b | ₹25.4b | ₹3.7b | 28.8x | 80.3x | 11.8x |
| Tue, 17 Dec 2024 | ₹307.3b | ₹22.8b | ₹3.4b | 33x | 90.2x | 13.5x |
| Thu, 14 Nov 2024 | ₹285.6b | ₹22.8b | ₹3.4b | 23.6x | 84.1x | 12.5x |
| Sat, 12 Oct 2024 | ₹255.5b | ₹22.0b | ₹3.2b | 34x | 80.7x | 11.6x |
| Mon, 09 Sep 2024 | ₹277.6b | ₹22.1b | ₹3.2b | 31.7x | 87.5x | 12.5x |
| Wed, 07 Aug 2024 | ₹192.2b | ₹22.2b | ₹3.2b | 29.4x | 60.3x | 8.7x |
| Fri, 05 Jul 2024 | ₹215.6b | ₹21.3b | ₹3.1b | 27.2x | 70.6x | 10.1x |
| Sun, 02 Jun 2024 | ₹188.2b | ₹21.0b | ₹3.0b | 25x | 63x | 9x |
| Tue, 30 Apr 2024 | ₹172.7b | ₹19.8b | ₹2.9b | 30.6x | 60x | 8.7x |
| Thu, 28 Mar 2024 | ₹162.8b | ₹19.3b | ₹2.8b | 24.6x | 58.1x | 8.4x |
| Sat, 24 Feb 2024 | ₹166.3b | ₹19.2b | ₹2.8b | 25.6x | 59.7x | 8.7x |
| Mon, 22 Jan 2024 | ₹153.6b | ₹19.0b | ₹2.7b | 38x | 57.7x | 8.1x |
| Wed, 20 Dec 2023 | ₹158.9b | ₹19.0b | ₹2.7b | 37.6x | 59.7x | 8.4x |
| Fri, 17 Nov 2023 | ₹156.3b | ₹19.0b | ₹2.7b | 34.3x | 58.3x | 8.2x |
| Sun, 15 Oct 2023 | ₹146.7b | ₹18.4b | ₹2.4b | 33.9x | 60.3x | 8x |
| Tue, 12 Sep 2023 | ₹147.5b | ₹18.4b | ₹2.4b | 30.9x | 60.7x | 8x |
| Thu, 10 Aug 2023 | ₹152.1b | ₹18.4b | ₹2.4b | 31.5x | 63.2x | 8.3x |
| Sat, 08 Jul 2023 | ₹124.8b | ₹17.6b | ₹2.0b | 26.1x | 61.5x | 7.1x |
| Mon, 05 Jun 2023 | ₹106.8b | ₹17.7b | ₹2.0b | 24.9x | 52.2x | 6x |
| Wed, 03 May 2023 | ₹106.2b | ₹16.7b | ₹1.8b | 27.3x | 59.3x | 6.4x |
| Fri, 31 Mar 2023 | ₹99.8b | ₹16.6b | ₹1.8b | 23.6x | 56.5x | 6x |
| Sun, 26 Feb 2023 | ₹103.7b | ₹16.6b | ₹1.8b | 24.4x | 58.7x | 6.2x |
| Tue, 24 Jan 2023 | ₹96.4b | ₹16.2b | ₹1.7b | 30.9x | 57.8x | 5.9x |
| Thu, 22 Dec 2022 | ₹103.2b | ₹17.5b | ₹1.7b | 35.9x | 59.2x | 5.9x |
| Sat, 19 Nov 2022 | ₹110.5b | ₹17.7b | ₹1.8b | 33.1x | 62.2x | 6.2x |
| Mon, 17 Oct 2022 | ₹108.5b | ₹15.3b | ₹1.7b | 30.5x | 65.2x | 7.1x |
| Wed, 14 Sep 2022 | ₹103.1b | ₹15.3b | ₹1.7b | 32x | 61.7x | 6.7x |
| Fri, 12 Aug 2022 | ₹88.3b | ₹15.7b | ₹1.9b | 29.8x | 45.8x | 5.6x |
| Sun, 10 Jul 2022 | ₹86.7b | ₹15.4b | ₹2.0b | 29.8x | 42.7x | 5.6x |
| Tue, 07 Jun 2022 | ₹90.7b | ₹15.4b | ₹2.0b | 30.5x | 44.8x | 5.9x |
| Thu, 05 May 2022 | ₹101.1b | ₹14.7b | ₹2.1b | 24.4x | 48.7x | 6.9x |
| Sat, 02 Apr 2022 | ₹110.3b | ₹14.7b | ₹2.1b | 26.8x | 53.1x | 7.5x |
| Mon, 28 Feb 2022 | ₹93.8b | ₹14.7b | ₹2.1b | 26.2x | 45.2x | 6.4x |
Price to Earnings Ratio
45.2x
Current Industry PE
- Investors are relatively neutral on the Indian Medical Equipment industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 61.6x.
- The 3-year average PS ratio of 8.1x is lower than the industry's current PS ratio of 9.3x.
Past Earnings Growth
- The earnings for companies in the Medical Equipment industry have grown 24% 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 | -0.74% | |
| Healthcare | -1.69% | |
| Medical Equipment | -1.88% | |
| Medical Equipment | -1.09% | |
| Medical Supplies | -1.89% | |
Industry PE
- Investors are most optimistic about the Medical Equipment industry which is trading above its 3-year average PE ratio of 32.9x.
- 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 61.4x.
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 | |
|---|---|---|---|---|---|
| 531768 Poly Medicure | ₹2.22k | 4.5% +₹9.8b | 38.4% | PE71.4x | |
| YASHOPTICS Yash Optics & Lens | ₹81.10 | 2.7% +₹52.0m | n/a | PE21.6x | |
| MHHL Mohini Health & Hygiene | ₹62.65 | 4.8% +₹52.0m | 5.5% | PE11x | |
| 530057 Vivanza Biosciences | ₹2.72 | 11.9% +₹11.6m | -65.3% | PS1x |