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Indian (NIFTY) Medical Equipment Industry Analysis
UpdatedSep 12, 2026
DataAggregated Company Financials
Companies21
- 7D10.1%
- 3M11.2%
- 1Y-28.1%
- YTD10.9%
Over the last 7 days, the Medical Equipment industry has risen 11%, driven by gains from Molbio Diagnostics of 24%. During this same period, the GSM Foils underperformed, falling 23%. In the past year, the industry is down 27%. 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 |
|---|---|---|---|---|---|---|
| Sat, 12 Sep 2026 | ₹410.6b | ₹61.6b | ₹7.6b | 23.5x | 53.9x | 6.7x |
| Mon, 10 Aug 2026 | ₹241.6b | ₹43.4b | ₹5.1b | 22.6x | 47.6x | 5.6x |
| Wed, 08 Jul 2026 | ₹239.7b | ₹41.6b | ₹5.1b | 22.6x | 47.2x | 5.8x |
| Fri, 05 Jun 2026 | ₹207.2b | ₹41.2b | ₹5.0b | 23.4x | 41.2x | 5x |
| Sun, 03 May 2026 | ₹209.3b | ₹36.1b | ₹4.9b | 23.9x | 42.7x | 5.8x |
| Tue, 31 Mar 2026 | ₹172.4b | ₹35.7b | ₹4.9b | 18.5x | 35.3x | 4.8x |
| Thu, 26 Feb 2026 | ₹186.9b | ₹35.6b | ₹4.9b | 22.8x | 38.4x | 5.3x |
| Sat, 24 Jan 2026 | ₹215.9b | ₹32.7b | ₹4.7b | 24.9x | 45.4x | 6.6x |
| Mon, 22 Dec 2025 | ₹247.8b | ₹32.6b | ₹4.7b | 31.6x | 52.9x | 7.6x |
| Wed, 19 Nov 2025 | ₹261.8b | ₹32.7b | ₹4.7b | 29.7x | 55.7x | 8x |
| Fri, 17 Oct 2025 | ₹296.2b | ₹30.8b | ₹4.5b | 32.5x | 66.5x | 9.6x |
| Sun, 14 Sep 2025 | ₹248.4b | ₹31.5b | ₹4.4b | 36.2x | 56.6x | 7.9x |
| Tue, 12 Aug 2025 | ₹240.6b | ₹28.5b | ₹4.4b | 26.2x | 54.8x | 8.4x |
| Thu, 10 Jul 2025 | ₹268.1b | ₹28.2b | ₹4.2b | 24.8x | 63.8x | 9.5x |
| Sat, 07 Jun 2025 | ₹265.3b | ₹28.1b | ₹4.2b | 25.5x | 63x | 9.5x |
| Mon, 05 May 2025 | ₹296.2b | ₹26.9b | ₹4.0b | 23.2x | 74.1x | 11x |
| Wed, 02 Apr 2025 | ₹256.3b | ₹26.9b | ₹4.0b | 21.6x | 64.1x | 9.5x |
| Fri, 28 Feb 2025 | ₹244.0b | ₹26.9b | ₹4.0b | 22.8x | 61.1x | 9.1x |
| Sun, 26 Jan 2025 | ₹294.8b | ₹25.4b | ₹3.7b | 25.5x | 79.9x | 11.6x |
| Tue, 24 Dec 2024 | ₹272.2b | ₹22.8b | ₹3.4b | 31.7x | 79.9x | 11.9x |
| 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 |
Price to Earnings Ratio
63.4x
Current Industry PE
- Investors are pessimistic on the Indian Medical Equipment industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 54.9x which is lower than its 3-year average PE of 61.3x.
- The 3-year average PS ratio of 8.7x is higher than the industry's current PS ratio of 6.8x.
Past Earnings Growth
- The earnings for companies in the Medical Equipment industry have grown 46% per year over the last three years.
- Revenues for these companies have grown 50% 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 | -1.39% | |
| Healthcare | 0.41% | |
| Medical Equipment | 10.10% | |
| Medical Equipment | 19.83% | |
| Medical Supplies | 2.64% | |
Industry PE
- Investors are most optimistic about the Medical Equipment industry even though it's trading below its 3-year average PE ratio of 98.6x.
- 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 below its 3-year average of 59.9x.
Forecasted Growth
- Analysts are most optimistic on the Medical Supplies industry, expecting annual earnings growth of 25% over the next 5 years.
- This is better than its past earnings growth rate of 8.2% per year.
- 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 | |
|---|---|---|---|---|---|
| MOLBIO Molbio Diagnostics | ₹1.44k | 23.9% +₹31.3b | n/a | PE65.1x | |
| 531768 Poly Medicure | ₹1.74k | 2.1% +₹3.6b | -14.1% | PE55.9x | |
| QLINE Q-Line Biotech | ₹726.20 | 13.5% +₹2.0b | n/a | PE30.4x | |
| AVIENCE Avience Biomedicals | ₹385.35 | 40.1% +₹605.3m | n/a | PE24.1x | |
| 543363 Prevest Denpro | ₹407.00 | 6.6% +₹301.9m | -30.6% | PE22.5x |