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Indian (NIFTY) Medical Equipment Industry Analysis
UpdatedSep 25, 2025
DataAggregated Company Financials
Companies19
- 7D-0.5%
- 3M-1.1%
- 1Y0.9%
- YTD-14.0%
Over the last 7 days, the Medical Equipment industry has remained flat. Furthermore, the industry has been flat for the past year as well. As for the next few years, earnings are expected to grow by 18% 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 |
|---|---|---|---|---|---|---|
| Thu, 25 Sep 2025 | ₹321.2b | ₹33.1b | ₹4.5b | 35x | 71.5x | 9.7x |
| Sat, 23 Aug 2025 | ₹249.1b | ₹28.7b | ₹4.3b | 29.8x | 58.1x | 8.7x |
| Mon, 21 Jul 2025 | ₹258.3b | ₹28.3b | ₹4.2b | 23.6x | 61.6x | 9.1x |
| Wed, 18 Jun 2025 | ₹258.4b | ₹28.0b | ₹4.2b | 25.1x | 61.4x | 9.2x |
| Fri, 16 May 2025 | ₹279.0b | ₹27.6b | ₹4.3b | 27.6x | 65x | 10.1x |
| Sun, 13 Apr 2025 | ₹255.0b | ₹26.9b | ₹4.0b | 23.2x | 63.8x | 9.5x |
| Tue, 11 Mar 2025 | ₹272.6b | ₹26.9b | ₹4.0b | 21.2x | 68.3x | 10.1x |
| Thu, 06 Feb 2025 | ₹296.8b | ₹26.4b | ₹3.9b | 23.4x | 75.9x | 11.3x |
| Sat, 04 Jan 2025 | ₹300.4b | ₹22.8b | ₹3.4b | 34x | 88.2x | 13.2x |
| Mon, 02 Dec 2024 | ₹300.1b | ₹22.8b | ₹3.4b | 31.9x | 88.1x | 13.2x |
| Wed, 30 Oct 2024 | ₹277.1b | ₹22.8b | ₹3.4b | 23.4x | 81.9x | 12.2x |
| Fri, 27 Sep 2024 | ₹254.4b | ₹22.1b | ₹3.2b | 33x | 80.2x | 11.5x |
| Sun, 25 Aug 2024 | ₹243.4b | ₹22.1b | ₹3.2b | 30.9x | 76.7x | 11x |
| Tue, 23 Jul 2024 | ₹214.3b | ₹21.5b | ₹3.0b | 26.7x | 70.3x | 10x |
| Thu, 20 Jun 2024 | ₹205.6b | ₹20.9b | ₹3.0b | 26.4x | 67.6x | 9.9x |
| Sat, 18 May 2024 | ₹172.8b | ₹20.1b | ₹2.9b | 29x | 60.3x | 8.6x |
| Mon, 15 Apr 2024 | ₹162.7b | ₹19.8b | ₹2.9b | 27.6x | 56.5x | 8.2x |
| Wed, 13 Mar 2024 | ₹149.5b | ₹19.2b | ₹2.8b | 22.3x | 53.6x | 7.8x |
| Fri, 09 Feb 2024 | ₹162.2b | ₹19.4b | ₹2.8b | 26.6x | 57.8x | 8.4x |
| Sun, 07 Jan 2024 | ₹157.4b | ₹19.0b | ₹2.7b | 37.7x | 59.2x | 8.3x |
| Tue, 05 Dec 2023 | ₹169.2b | ₹19.0b | ₹2.7b | 38.2x | 63.6x | 8.9x |
| Thu, 02 Nov 2023 | ₹149.0b | ₹18.4b | ₹2.4b | 35.5x | 61.3x | 8.1x |
| Sat, 30 Sep 2023 | ₹146.4b | ₹18.4b | ₹2.4b | 36.2x | 60.2x | 8x |
| Mon, 28 Aug 2023 | ₹149.4b | ₹18.4b | ₹2.4b | 29.6x | 61.4x | 8.1x |
| Wed, 26 Jul 2023 | ₹125.3b | ₹17.6b | ₹2.0b | 29.6x | 61.7x | 7.1x |
| Fri, 23 Jun 2023 | ₹124.4b | ₹17.6b | ₹2.0b | 23.8x | 61.3x | 7.1x |
| Sun, 21 May 2023 | ₹105.8b | ₹17.5b | ₹2.0b | 30.8x | 52.4x | 6x |
| Tue, 18 Apr 2023 | ₹101.1b | ₹16.6b | ₹1.8b | 25.5x | 57.3x | 6.1x |
| Thu, 16 Mar 2023 | ₹102.0b | ₹16.6b | ₹1.8b | 25x | 57.7x | 6.1x |
| Sat, 11 Feb 2023 | ₹98.7b | ₹16.6b | ₹1.8b | 31.5x | 55.5x | 6x |
| Mon, 09 Jan 2023 | ₹100.0b | ₹16.2b | ₹1.7b | 29.7x | 59.9x | 6.2x |
| Wed, 07 Dec 2022 | ₹109.0b | ₹17.5b | ₹1.7b | 37x | 62.6x | 6.2x |
| Fri, 04 Nov 2022 | ₹106.2b | ₹16.8b | ₹1.8b | 36.8x | 59.9x | 6.3x |
| Sun, 02 Oct 2022 | ₹99.7b | ₹15.3b | ₹1.7b | 30.5x | 59.7x | 6.5x |
Price to Earnings Ratio
59.7x
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 71.5x which is higher than its 3-year average PE of 64.5x.
- The 3-year average PS ratio of 8.7x is lower than the industry's current PS ratio of 9.7x.
Past Earnings Growth
- The earnings for companies in the Medical Equipment industry have grown 39% per year over the last three years.
- Revenues for these companies have grown 29% 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 | -0.91% | |
| Healthcare | -0.97% | |
| Medical Equipment | -0.52% | |
| Medical Equipment | 2.54% | |
| Medical Supplies | -1.49% | |
Industry PE
- Investors are most optimistic about the Medical Equipment industry which is trading above its 3-year average PE ratio of 46.2x.
- 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 63.3x.
Forecasted Growth
- Analysts are most optimistic on the Medical Supplies industry, expecting annual earnings growth of 18% over the next 5 years.
- This is better than its past earnings growth rate of 6.3% per year.
- In contrast, the Medical Supplies industry is expected to see its earnings grow by 18% 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 | |
|---|---|---|---|---|---|
| 524743 Fischer Medical Ventures | ₹115.35 | 1.7% +₹1.3b | 83.7% | PE1133.6x | |
| 543309 Adeshwar Meditex | ₹19.25 | 19.0% +₹44.3m | -25.9% | PE13.4x | |
| 527005 Shree Pacetronix | ₹220.15 | 1.9% +₹14.9m | 43.0% | PE76x | |
| 531380 Centenial Surgical Suture | ₹104.90 | 0.5% +₹2.0m | -19.0% | PS0.7x | |
| 530057 Vivanza Biosciences | ₹2.09 | 0.5% +₹400.0k | -45.4% | PS0.6x |
