Healthcare Equipment & Supplies sector

Industry analysis

Medical Equipment & Supplies

Read from what its listed companies are showing. Valuations are compared within this industry.

Mixed

25 listed companies · ₹ 38,430 Cr. total market value
  • ▲78% of companies grew sales by more than 8% from a year earlier; the typical company's profit rose 13%. 12% made a loss.
  • ●No credit rating changes in the last 90 days.
  • –7 good and no bad company announcements (read since 6 Oct 2026; not counted until there is a month of them).
  • ●The typical share is down 7.9% in 3 months; 46% of shares trade above their 200-day average (their usual level).
  • –Typical P/E 28.7, close to these companies' usual level.
  • –No shares issued in 90 days; 2 more fund raises on the way.

▲ / ▼ / ● are the signals the verdict counts: results, credit ratings, announcements and share prices. Lines marked – are shown but not counted.

In charts

Share prices over the last year

The typical Medical Equipment & Supplies share against the typical share on the market, both starting at 100. Now 72 vs 83.

Is growth speeding up or slowing down?

The typical company's sales and profit growth against the same quarter a year earlier.

Price against growth

Each dot is a company: further left is cheaper (lower P/E), higher up grew profit faster. Red dots passed the cheaper-than-peers screen. Companies beyond the chart's edges sit on the edge.

Cheaper than peers

Not a buy list. These shares trade at a P/E at least 30% below their industry's typical level and below their own usual level, and they also pass basic checks: profitable, sales and profit growing, low debt, no red flags, market value of ₹250 Cr or more. Cheap shares are often cheap for a reason; this is where to start reading, not where to stop.

No company here passes every test right now.

Cheaper than peers across the whole market

Leaders and laggards

Good news

  1. NurecaStrong results
  2. Laxmi DentalExpansion or acquisition

Warning signs

No red flags in 90 days.

Companies

Click a column to sort.

Medical Equipment & Supplies companies
Signs (90 days)
Poly Medicure
POLYMED
Medical Equipment & Supplies₹ 14,581.62 Cr.+30.3%−8.6%46.8−11.8%
Molbio Diagnostics Ltd
MOLBIO
Medical Equipment & Supplies₹ 14,262.68 Cr.——90.5—
Fischer Medical Ventures
FISCHER
Medical Equipment & Supplies₹ 1,639 Cr.+249.5%−22%76.3−26.3%
Tarsons Products
TARSONS
Medical Equipment & Supplies₹ 1,599.38 Cr.+20.7%Loss136.9−4.7%
Q-Line Biotech
QLINE
Medical Equipment & Supplies₹ 1,229.4 Cr.——22.4+6.5%
Laxmi Dental
LAXMIDENTL
Medical Equipment & Supplies₹ 945.78 Cr.+13.6%+25%28.7−16.8%
Expansion or acquisition
Hemant Surgical Industries
543916
Medical Equipment & Supplies₹ 828.64 Cr.+187.9%+116.7%49.3+55.4%
Vasa Denticity
DENTALKART
Medical Equipment & Supplies₹ 787.4 Cr.+36.9%+46%61.6−0.6%
Osel Devices
OSELDEVICE
Medical Equipment & Supplies₹ 605.02 Cr.+78%+75%20.8−17.6%
PREVEST DENPRO
543363
Medical Equipment & Supplies₹ 451.5 Cr.+23.7%+24.8%21−2.4%
QMS Medical Allied Services
QMSMEDI
Medical Equipment & Supplies₹ 334.09 Cr.+22.3%+25.3%32+52.1%
Nureca
NURECA
Medical Equipment & Supplies₹ 305.01 Cr.+55.1%+11.6%60.2−7.9%
Strong results
Aprameya Engineering
APRAMEYA
Medical Equipment & Supplies₹ 171.17 Cr.—Loss35.8−34.8%
earKART
544549
Medical Equipment & Supplies₹ 163.81 Cr.——33.2−14.9%
Avience Biomedicals
AVIENCE
Medical Equipment & Supplies₹ 131.64 Cr.——17+5%
Choksi Asia
530427
Medical Equipment & Supplies₹ 112.31 Cr.−22.5%−10.3%23.6−2.4%
Shree Pacetronix
527005
Medical Equipment & Supplies₹ 59.09 Cr.−8.2%+15.2%19.6+23.3%
Mohini Health & Hygiene
MHHL
Medical Equipment & Supplies₹ 51.61 Cr.−27.6%Loss21.8−26.8%
Amkay Products
544169
Medical Equipment & Supplies₹ 43.61 Cr.+14%−74.4%22.5+10.4%
Royal Sense
544143
Medical Equipment & Supplies₹ 37.42 Cr.+445.5%−40%5.4−30.8%
GKB Ophthalmics
GKB
Medical Equipment & Supplies₹ 34.23 Cr.+2.3%—8.2—
Galaxy Medicare
GML
Medical Equipment & Supplies₹ 27.39 Cr.——7.8+6.5%
Centenial Surgical Suture
531380
Medical Equipment & Supplies₹ 24.79 Cr.+18.5%—52.5−15.2%
Transpact Enterprises
542765
Medical Equipment & Supplies₹ 3.84 Cr.——46.4−30.8%
VAIDYA SANE AYUR LAB LTD
MADHAVBAUG
Medical Equipment & Supplies—+18.8%+300%16.4−16.1%

Figures are medians and shares of companies, so one giant company cannot outweigh the rest. Results compare each company's latest quarter with the same quarter a year earlier; ratings and announcements cover the last 90 days (announcements are read by AI and can be wrong). This page adds up published data; it is not a recommendation to buy or sell anything.