Indian (NIFTY) Medical Equipment Industry Analysis
UpdatedJun 15, 2024
DataAggregated Company Financials
Companies13
- 7D8.1%
- 3M37.1%
- 1Y65.7%
- YTD30.2%
In the last week, the Medical Equipment industry is up 8.1%, with Poly Medicure up 8.3%. During this same period, the Shree Pacetronix underperformed, falling 6.0%. This takes the industry's 12 month performance to a gain of 66%. Earnings are forecast to grow by 23% 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 |
|---|---|---|---|---|---|---|
| Sat, 15 Jun 2024 | ₹205.9b | ₹20.9b | ₹3.0b | 27.6x | 67.7x | 9.9x |
| Mon, 13 May 2024 | ₹169.6b | ₹20.0b | ₹2.9b | 30.8x | 58.6x | 8.5x |
| Wed, 10 Apr 2024 | ₹165.0b | ₹19.8b | ₹2.9b | 28.1x | 57.3x | 8.4x |
| Fri, 08 Mar 2024 | ₹163.5b | ₹19.2b | ₹2.8b | 23.6x | 58.7x | 8.5x |
| Sun, 04 Feb 2024 | ₹160.4b | ₹19.6b | ₹2.8b | 37.6x | 57.1x | 8.2x |
| Tue, 02 Jan 2024 | ₹155.8b | ₹19.0b | ₹2.7b | 37.4x | 58.6x | 8.2x |
| Thu, 30 Nov 2023 | ₹159.5b | ₹19.0b | ₹2.7b | 38.1x | 60x | 8.4x |
| Sat, 28 Oct 2023 | ₹144.4b | ₹18.4b | ₹2.4b | 36.3x | 59.4x | 7.9x |
| Mon, 25 Sep 2023 | ₹147.3b | ₹18.4b | ₹2.4b | 34.3x | 60.6x | 8x |
| Wed, 23 Aug 2023 | ₹152.0b | ₹18.4b | ₹2.4b | 30.3x | 62.5x | 8.3x |
| Fri, 21 Jul 2023 | ₹121.0b | ₹17.6b | ₹2.0b | 28x | 59.6x | 6.9x |
| Sun, 18 Jun 2023 | ₹123.1b | ₹17.6b | ₹2.0b | 24.3x | 60.6x | 7x |
| Tue, 16 May 2023 | ₹106.9b | ₹17.5b | ₹2.0b | 32.1x | 53x | 6.1x |
| Thu, 13 Apr 2023 | ₹100.9b | ₹16.6b | ₹1.8b | 27x | 57.1x | 6.1x |
| Sat, 11 Mar 2023 | ₹105.9b | ₹16.6b | ₹1.8b | 24.2x | 60x | 6.4x |
| Mon, 06 Feb 2023 | ₹94.7b | ₹16.6b | ₹1.8b | 31x | 53.2x | 5.7x |
| Wed, 04 Jan 2023 | ₹103.6b | ₹17.5b | ₹1.7b | 33.6x | 59.4x | 5.9x |
| Fri, 02 Dec 2022 | ₹109.9b | ₹17.5b | ₹1.7b | 39.5x | 63.1x | 6.3x |
| Sun, 30 Oct 2022 | ₹107.2b | ₹16.8b | ₹1.8b | 35.8x | 60.5x | 6.4x |
| Tue, 27 Sep 2022 | ₹99.9b | ₹15.3b | ₹1.7b | 31.1x | 59.8x | 6.5x |
| Thu, 25 Aug 2022 | ₹88.0b | ₹14.9b | ₹1.5b | 21.9x | 56.9x | 5.9x |
| Sat, 23 Jul 2022 | ₹90.6b | ₹15.4b | ₹2.0b | 32.1x | 44.7x | 5.9x |
| Mon, 20 Jun 2022 | ₹82.6b | ₹15.4b | ₹2.0b | 27.6x | 40.7x | 5.4x |
| Wed, 18 May 2022 | ₹93.5b | ₹14.7b | ₹2.1b | 30x | 45.3x | 6.4x |
| Fri, 15 Apr 2022 | ₹107.6b | ₹14.7b | ₹2.1b | 26.4x | 51.8x | 7.3x |
| Sun, 13 Mar 2022 | ₹97.9b | ₹14.7b | ₹2.1b | 26.8x | 47.2x | 6.7x |
| Tue, 08 Feb 2022 | ₹103.5b | ₹14.6b | ₹2.1b | 31.3x | 49.5x | 7.1x |
| Thu, 06 Jan 2022 | ₹121.8b | ₹14.3b | ₹2.1b | 34.1x | 58x | 8.5x |
| Sat, 04 Dec 2021 | ₹120.4b | ₹14.3b | ₹2.1b | 28.4x | 57.3x | 8.4x |
| Mon, 01 Nov 2021 | ₹110.9b | ₹14.9b | ₹2.3b | 26x | 47.3x | 7.4x |
| Wed, 29 Sep 2021 | ₹110.0b | ₹15.1b | ₹2.4b | 25x | 45.7x | 7.3x |
| Fri, 27 Aug 2021 | ₹107.8b | ₹14.8b | ₹2.4b | 25.4x | 45.8x | 7.3x |
| Sat, 03 Jul 2021 | ₹115.6b | ₹14.8b | ₹2.4b | 23.3x | 49.1x | 7.8x |
Price to Earnings Ratio
49.1x
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 67.7x which is higher than its 3-year average PE of 55.0x.
- The 3-year average PS ratio of 7.2x is lower than the industry's current PS ratio of 9.9x.
Past Earnings Growth
- The earnings for companies in the Medical Equipment industry have grown 8.9% per year over the last three years.
- Revenues for these companies have grown 12% 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 | 2.66% | |
| Healthcare | 2.37% | |
| Medical Equipment | 8.05% | |
| Medical Supplies | 8.16% | |
| Medical Equipment | 3.55% | |
Industry PE
- Investors are most optimistic about the Medical Supplies industry which is trading above its 3-year average PE ratio of 57.0x.
- Analysts are expecting annual earnings growth of 22.6%, which is higher than its past year's earnings growth of 20.0% per year.
- Investors are most pessimistic about the Medical Equipment industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 17.5x.
Forecasted Growth
- Analysts are most optimistic on the Medical Supplies industry, expecting annual earnings growth of 23% 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 23% 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 | ₹1.98k | 8.3% +₹14.6b | 72.8% | PE73.6x | |
| 544169 Amkay Products | ₹86.59 | 35.8% +₹197.7m | n/a | PE28.5x | |
| 543363 Prevest Denpro | ₹438.85 | 3.1% +₹160.2m | 3.7% | PE32.6x | |
| NURECA Nureca | ₹279.90 | 5.2% +₹138.5m | -23.5% | PS3x | |
| YASHOPTICS Yash Optics & Lens | ₹97.30 | 4.8% +₹110.2m | n/a | PE26.7x |