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Indian (NIFTY) Medical Equipment Industry Analysis
UpdatedNov 20, 2024
DataAggregated Company Financials
Companies14
- 7D-3.7%
- 3M17.1%
- 1Y65.7%
- YTD68.6%
Over the last 7 days, the Medical Equipment industry has dropped 3.7%, driven by Poly Medicure declining 3.9%. This takes the industry's 12 month performance to a gain of 66%. 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?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 21 Nov 2024 | ₹280.7b | ₹22.9b | ₹3.4b | 30.5x | 82.4x | 12.3x |
| Sat, 19 Oct 2024 | ₹266.0b | ₹22.0b | ₹3.2b | 33.7x | 84x | 12.1x |
| Mon, 16 Sep 2024 | ₹275.9b | ₹22.1b | ₹3.2b | 35.1x | 87x | 12.5x |
| Wed, 14 Aug 2024 | ₹201.3b | ₹22.1b | ₹3.2b | 30.1x | 63.4x | 9.1x |
| Fri, 12 Jul 2024 | ₹225.4b | ₹21.6b | ₹3.1b | 29.7x | 73.8x | 10.5x |
| Sun, 09 Jun 2024 | ₹190.6b | ₹20.8b | ₹3.0b | 24.7x | 63.7x | 9.1x |
| Tue, 07 May 2024 | ₹171.3b | ₹19.8b | ₹2.9b | 28.3x | 59.5x | 8.7x |
| Thu, 04 Apr 2024 | ₹162.8b | ₹19.2b | ₹2.8b | 25.4x | 58.4x | 8.5x |
| Sat, 02 Mar 2024 | ₹167.9b | ₹19.2b | ₹2.8b | 24.5x | 60.2x | 8.7x |
| Mon, 29 Jan 2024 | ₹150.9b | ₹19.0b | ₹2.7b | 37.8x | 56.7x | 7.9x |
| Wed, 27 Dec 2023 | ₹153.3b | ₹19.0b | ₹2.7b | 37.3x | 57.6x | 8.1x |
| Fri, 24 Nov 2023 | ₹159.0b | ₹19.0b | ₹2.7b | 38.2x | 59.8x | 8.4x |
| Sun, 22 Oct 2023 | ₹147.6b | ₹18.4b | ₹2.4b | 37.2x | 60.7x | 8x |
| Tue, 19 Sep 2023 | ₹154.2b | ₹18.4b | ₹2.4b | 30x | 63.4x | 8.4x |
| Thu, 17 Aug 2023 | ₹147.7b | ₹18.4b | ₹2.4b | 30.1x | 60.9x | 8x |
| Sat, 15 Jul 2023 | ₹121.7b | ₹17.6b | ₹2.0b | 28x | 59.9x | 6.9x |
| Mon, 12 Jun 2023 | ₹110.0b | ₹18.7b | ₹2.1b | 23.8x | 51.8x | 5.9x |
| Wed, 10 May 2023 | ₹105.5b | ₹16.7b | ₹1.8b | 29.6x | 58.8x | 6.3x |
| Fri, 07 Apr 2023 | ₹101.1b | ₹16.6b | ₹1.8b | 24.8x | 57.3x | 6.1x |
| Sun, 05 Mar 2023 | ₹103.0b | ₹16.6b | ₹1.8b | 23.5x | 58.3x | 6.2x |
| Tue, 31 Jan 2023 | ₹95.9b | ₹16.8b | ₹1.8b | 30.9x | 52.6x | 5.7x |
| Thu, 29 Dec 2022 | ₹101.0b | ₹17.5b | ₹1.7b | 34.8x | 57.9x | 5.8x |
| Sat, 26 Nov 2022 | ₹109.7b | ₹17.5b | ₹1.7b | 37.9x | 63x | 6.3x |
| Mon, 24 Oct 2022 | ₹106.3b | ₹16.8b | ₹1.8b | 29.6x | 60x | 6.3x |
| Wed, 21 Sep 2022 | ₹104.9b | ₹15.3b | ₹1.7b | 32x | 62.8x | 6.9x |
| Fri, 19 Aug 2022 | ₹89.1b | ₹14.9b | ₹1.5b | 23.2x | 57.8x | 6x |
| Sun, 17 Jul 2022 | ₹87.0b | ₹15.4b | ₹2.0b | 31.4x | 42.9x | 5.7x |
| Tue, 14 Jun 2022 | ₹82.4b | ₹15.4b | ₹2.0b | 27.9x | 40.6x | 5.4x |
| Thu, 12 May 2022 | ₹87.2b | ₹14.7b | ₹2.1b | 22.5x | 42x | 5.9x |
| Sat, 09 Apr 2022 | ₹106.7b | ₹14.7b | ₹2.1b | 26.6x | 51.4x | 7.3x |
| Mon, 07 Mar 2022 | ₹97.5b | ₹14.7b | ₹2.1b | 26.2x | 46.9x | 6.6x |
| Wed, 02 Feb 2022 | ₹109.6b | ₹14.8b | ₹2.1b | 30.2x | 52.4x | 7.4x |
| Fri, 31 Dec 2021 | ₹118.3b | ₹14.3b | ₹2.1b | 33.5x | 56.3x | 8.2x |
| Sun, 28 Nov 2021 | ₹113.9b | ₹14.8b | ₹2.3b | 24.2x | 49.3x | 7.7x |
Price to Earnings Ratio
49.3x
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 82.4x which is higher than its 3-year average PE of 59.2x.
- The 3-year average PS ratio of 7.7x is lower than the industry's current PS ratio of 12.3x.
Past Earnings Growth
- The earnings for companies in the Medical Equipment industry have grown 14% per year over the last three years.
- Revenues for these companies have grown 16% 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 | -1.80% | |
| Healthcare | -1.79% | |
| Medical Equipment | -3.73% | |
| Medical Equipment | 0.68% | |
| Medical Supplies | -3.79% | |
Industry PE
- Investors are most optimistic about the Medical Equipment industry which is trading above its 3-year average PE ratio of 23.9x.
- 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, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 59.6x.
Forecasted Growth
- Analysts are most optimistic on the Medical Supplies industry, expecting annual earnings growth of 24% over the next 5 years.
- This is better than its past earnings growth rate of 8.8% 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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 543363 Prevest Denpro | ₹544.70 | 2.8% +₹176.4m | 29.1% | PE38.7x | |
| NURECA Nureca | ₹277.50 | 3.6% +₹95.5m | -22.2% | PS3.1x | |
| GSMFOILS GSM Foils | ₹91.55 | 1.3% +₹14.7m | n/a | PE85.7x | |
| 538401 Maestros Electronics & Telecommunications Systems | ₹135.70 | 1.8% +₹12.9m | 52.7% | PE14.9x | |
| 531380 Centenial Surgical Suture | ₹130.00 | 2.6% +₹12.2m | 31.4% | PE46x |