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Indian (NIFTY) Medical Equipment Industry Analysis
UpdatedMay 08, 2024
DataAggregated Company Financials
Companies12
- 7D-2.7%
- 3M-0.8%
- 1Y58.1%
- YTD6.8%
Over the last 7 days, the Medical Equipment industry has dropped 2.7%, driven by a pullback from Poly Medicure of 2.1%. Meanwhile, Centenial Surgical Suture actually outperformed within the industry, gaining 42% in the last week. In the past year, the industry has gained 58%. Earnings are forecast to grow by 25% 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 |
|---|---|---|---|---|---|---|
| Wed, 08 May 2024 | ₹167.8b | ₹19.8b | ₹2.9b | 28x | 58.3x | 8.5x |
| Fri, 05 Apr 2024 | ₹162.3b | ₹19.2b | ₹2.8b | 25.5x | 58.2x | 8.4x |
| Sun, 03 Mar 2024 | ₹167.9b | ₹19.2b | ₹2.8b | 24.5x | 60.2x | 8.7x |
| Tue, 30 Jan 2024 | ₹148.4b | ₹19.0b | ₹2.7b | 38x | 55.7x | 7.8x |
| Thu, 28 Dec 2023 | ₹161.0b | ₹19.0b | ₹2.7b | 37.5x | 60.5x | 8.5x |
| Sat, 25 Nov 2023 | ₹161.0b | ₹19.0b | ₹2.7b | 38.1x | 60.5x | 8.5x |
| Mon, 23 Oct 2023 | ₹147.6b | ₹18.4b | ₹2.4b | 37.2x | 60.7x | 8x |
| Wed, 20 Sep 2023 | ₹154.2b | ₹18.4b | ₹2.4b | 30x | 63.4x | 8.4x |
| Fri, 18 Aug 2023 | ₹146.6b | ₹18.4b | ₹2.4b | 31.4x | 60.4x | 8x |
| Sun, 16 Jul 2023 | ₹121.7b | ₹17.6b | ₹2.0b | 28x | 59.9x | 6.9x |
| Tue, 13 Jun 2023 | ₹109.3b | ₹18.7b | ₹2.1b | 24.1x | 51.5x | 5.8x |
| Thu, 11 May 2023 | ₹105.6b | ₹16.7b | ₹1.8b | 29.6x | 58.9x | 6.3x |
| Sat, 08 Apr 2023 | ₹101.1b | ₹16.6b | ₹1.8b | 24.8x | 57.3x | 6.1x |
| Mon, 06 Mar 2023 | ₹103.0b | ₹16.6b | ₹1.8b | 23.5x | 58.3x | 6.2x |
| Wed, 01 Feb 2023 | ₹98.1b | ₹16.8b | ₹1.8b | 31.2x | 53.8x | 5.8x |
| Fri, 30 Dec 2022 | ₹102.4b | ₹17.5b | ₹1.7b | 34.9x | 58.7x | 5.9x |
| Sun, 27 Nov 2022 | ₹109.7b | ₹17.5b | ₹1.7b | 37.9x | 63x | 6.3x |
| Tue, 25 Oct 2022 | ₹106.3b | ₹16.8b | ₹1.8b | 29.6x | 60x | 6.3x |
| Thu, 22 Sep 2022 | ₹102.3b | ₹15.3b | ₹1.7b | 32x | 61.2x | 6.7x |
| Sat, 20 Aug 2022 | ₹88.5b | ₹14.9b | ₹1.5b | 22.7x | 57.4x | 6x |
| Mon, 18 Jul 2022 | ₹87.0b | ₹15.4b | ₹2.0b | 31.4x | 42.9x | 5.7x |
| Wed, 15 Jun 2022 | ₹84.0b | ₹15.4b | ₹2.0b | 27.9x | 41.4x | 5.5x |
| Fri, 13 May 2022 | ₹87.2b | ₹14.7b | ₹2.1b | 22.5x | 42x | 5.9x |
| Sun, 10 Apr 2022 | ₹106.7b | ₹14.7b | ₹2.1b | 26.6x | 51.4x | 7.3x |
| Tue, 08 Mar 2022 | ₹97.0b | ₹14.7b | ₹2.1b | 25.1x | 46.7x | 6.6x |
| Thu, 03 Feb 2022 | ₹110.9b | ₹14.6b | ₹2.1b | 30x | 53x | 7.6x |
| Sat, 01 Jan 2022 | ₹119.6b | ₹14.3b | ₹2.1b | 33.1x | 57x | 8.3x |
| Mon, 29 Nov 2021 | ₹113.9b | ₹14.8b | ₹2.3b | 24.2x | 49.3x | 7.7x |
| Wed, 27 Oct 2021 | ₹109.2b | ₹14.9b | ₹2.3b | 26x | 46.6x | 7.3x |
| Fri, 24 Sep 2021 | ₹110.0b | ₹14.8b | ₹2.4b | 24.2x | 46.7x | 7.4x |
| Sun, 22 Aug 2021 | ₹104.5b | ₹14.8b | ₹2.4b | 22.1x | 44.3x | 7x |
| Fri, 09 Jul 2021 | ₹115.6b | ₹14.8b | ₹2.4b | 23.3x | 49.1x | 7.8x |
Price to Earnings Ratio
58.4x
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 58.3x which is higher than its 3-year average PE of 54.9x.
- The 3-year average PS ratio of 7.2x is lower than the industry's current PS ratio of 8.5x.
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 15% 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 | -1.98% | |
| Healthcare | -1.06% | |
| Medical Equipment | -2.67% | |
| Medical Supplies | -2.56% | |
| Medical Equipment | -6.64% | |
Industry PE
- Investors are most optimistic about the Medical Supplies industry, which is trading close to its 3-year average PE ratio of 57.2x.
- Analysts expect its future annual earnings growth (24.6%) to be largely in line with prior year's earnings growth.
- 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 16.4x.
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 | |
|---|---|---|---|---|---|
| 531380 Centenial Surgical Suture | ₹137.60 | 41.9% +₹148.1m | 107.7% | PE58.9x | |
| MHHL Mohini Health & Hygiene | ₹58.80 | 4.5% +₹46.5m | -2.7% | PE15.7x | |
| YASHOPTICS Yash Optics & Lens | ₹95.50 | 0.05% +₹1.2m | n/a | PE29.3x |
