Sector analysis

Healthcare Services

Read from what its listed companies are showing. Each industry inside it is judged on its own below.

Mixed

88 listed companies · ₹ 6,59,887 Cr. total market value

▲77% of companies grew sales by more than 8% from a year earlier; the typical company's profit rose 15%. 16% made a loss.
●2 credit rating upgrades and no downgrades in the last 90 days.
–14 good and 3 bad company announcements (read since 6 Oct 2026; not counted until there is a month of them).
▼The typical share is down 11% in 3 months; 30% of shares trade above their 200-day average (their usual level).
–Typical P/E 38.9, close to these companies' usual level.
–Raised ₹ 92 Cr. by issuing shares (2 issues) 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 Healthcare Services share against the typical share on the market, both starting at 100. Now 92 vs 83.

Is growth speeding up or slowing down?

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

Industries in this sector

A sector mixes different businesses; each industry is judged on its own. Open one for its charts and companies.

Industries in this sector

Hospital41 companies	Mixed	82% of cos.	+13%	−12.5%	49.3
Healthcare Service Provider36 companies	Mixed	74% of cos.	+25.2%	−7.5%	20.5
Healthcare Research, Analytics & Technology11 companies	Mixed	70% of cos.	0%	−13%	34.2

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.

Cheaper than peers

Indraprastha Medical Corporation INDRAMEDCO	Hospital	14.6 vs 49.370% cheaper	+11.2% / +9.8%	₹ 2,764.99 Cr.
Asarfi Hospital 543943	Hospital	18.8 vs 49.362% cheaper	+32.8% / +33.4%	₹ 334.32 Cr.
One Global Service Provider ONEGLOBAL	Healthcare Service Provider	9.7 vs 20.553% cheaper	+17% / +40%	₹ 720.96 Cr.
Shalby SHALBY	Hospital	31.1 vs 49.337% cheaper	+11.8% / +25%	₹ 1,210.47 Cr.

Cheaper than peers across the whole market

Leaders and laggards

Good news

Nephrocare Health ServicesCredit rating raised
Jupiter Life Line HospitalsStrong results
Chandan HealthcareStrong results
Metropolis HealthcareRating outlook raised

Warning signs

Park Medi WorldAction by a regulator
Syngene InternationalSenior exit

Best shares, 3 months

Worst shares, 3 months

Companies

Click a column to sort.

Healthcare Services companies
							Signs (90 days)
Apollo Hospitals Enterprise APOLLOHOSP	Hospital	₹ 1,11,173.57 Cr.	+20.6%	+38.3%	52.8	−12.8%
Manipal Health Enterprises Ltd MANIPALHOS	Hospital	₹ 79,830.24 Cr.	—	—	88.2	—
Max Healthcare Institute MAXHEALTH	Hospital	₹ 79,519.45 Cr.	+16.7%	+4.9%	53	−24%
Aster DM Healthcare ASTERDM	Hospital	₹ 56,817.23 Cr.	+21.6%	−69.1%	155.7	−19.2%
Fortis Healthcare FORTIS	Hospital	₹ 54,356.99 Cr.	+17.4%	+2.2%	50.5	−22.6%
Narayana Hrudayalaya NH	Hospital	₹ 34,001.23 Cr.	+78.1%	+5.1%	39	−17.2%
Global Health MEDANTA	Hospital	₹ 31,448.76 Cr.	+26.5%	−1.3%	55.6	−12.1%
Dr. Lal PathLabs LALPATHLAB	Healthcare Service Provider	₹ 30,811.2 Cr.	+19.1%	+26.9%	54.9	+0.4%
Krishna Institute of Medical Sciences Ltd KIMS	Hospital	₹ 27,847.87 Cr.	+35.3%	−56.5%	133.9	−12.8%
Dr. Agarwal's Health Care AGARWALEYE	Hospital	₹ 15,099.04 Cr.	+26.1%	+44.7%	101.7	−2.7%
Syngene International SYNGENE	Healthcare Research, Analytics & Technology	₹ 14,839.32 Cr.	−15.8%	Loss	50	−11%	Senior exit
Vijaya Diagnostic Centre VIJAYA	Healthcare Service Provider	₹ 14,387.1 Cr.	+22.9%	+35.9%	76.3	+5.2%
Indegene INDGN	Healthcare Research, Analytics & Technology	₹ 13,762.81 Cr.	+39.7%	0%	33.1	+14%
Rainbow Children's Medicare RAINBOW	Hospital	₹ 11,870.25 Cr.	+33.1%	+16.7%	41.5	−19.8%
Metropolis Healthcare METROPOLIS	Healthcare Service Provider	₹ 10,756.23 Cr.	+16.6%	+26.7%	52.1	−7%	Rating outlook raised
Park Medi World PARKHOSPS	Hospital	₹ 9,275.52 Cr.	+19.3%	+34.8%	33.5	−18.3%	Action by a regulator
Jupiter Life Line Hospitals JLHL	Hospital	₹ 7,973.85 Cr.	+15.7%	−1.8%	42.1	−21.9%	Strong results
Suven Life Sciences SUVEN	Healthcare Research, Analytics & Technology	₹ 7,420.1 Cr.	+100%	Loss	2.6	−16.2%
Thyrocare Technologies THYROCARE	Healthcare Service Provider	₹ 7,393.77 Cr.	+24.4%	+34.2%	40.8	−14.7%
Kovai Medical Center & Hospital Ltd KOVAI	Hospital	₹ 6,313.03 Cr.	+15.2%	+21.1%	108.4	−1.9%
Nephrocare Health Services NEPHROPLUS	Healthcare Service Provider	₹ 5,991.49 Cr.	+23.7%	+33.3%	70.5	−11.5%	Credit rating raised
Artemis Medicare Services ARTEMISMED	Hospital	₹ 4,420.79 Cr.	+12.8%	+47.6%	38.9	+0.3%
Indraprastha Medical Corporation INDRAMEDCO	Hospital	₹ 2,764.99 Cr.	+11.2%	+9.8%	14.6	−13.6%
Dr Agarwal's Eye Hospital DRAGARWQ	Hospital	₹ 2,459.71 Cr.	+22.2%	+35.3%	31.9	+4.7%
KMC Speciality Hospitals (India) KMCSHIL	Hospital	₹ 2,350.06 Cr.	+37.3%	+112.5%	42.2	—
Vimta Labs VIMTALABS	Healthcare Research, Analytics & Technology	₹ 2,091.92 Cr.	+11.2%	+10.5%	34.5	−14.7%
Krsnaa Diagnostics KRSNAA	Healthcare Service Provider	₹ 1,616.83 Cr.	+19.9%	−20%	16.6	−7%
Suraksha Diagnostic SURAKSHA	Healthcare Service Provider	₹ 1,587.01 Cr.	+20.5%	+44.4%	43.5	+24.6%
Gujarat Kidney and Super Speciality Ltd GKSL	Hospital	₹ 1,403.02 Cr.	+124.7%	−1.5%	87.9	+37.6%
Shalby SHALBY	Hospital	₹ 1,210.47 Cr.	+11.8%	+25%	31.1	−26.8%
3B Blackbio DX 3BBLACKBIO	Healthcare Service Provider	₹ 1,138.8 Cr.	+50.7%	−29%	20.6	+10%
Health X Platform Ltd HEALTHX	Healthcare Service Provider	₹ 822.14 Cr.	+49.7%	−92.5%	37.4	−9%
Unihealth Hospitals UNIHEALTH	Hospital	₹ 785 Cr.	+140.7%	+183.3%	30.7	−25.2%
One Global Service Provider ONEGLOBAL	Healthcare Service Provider	₹ 720.96 Cr.	+17%	+40%	9.7	—
Gaudium IVF and Women Health Ltd GAUDIUMIVF	Healthcare Service Provider	₹ 667.85 Cr.	+9.1%	−42%	29	−30.8%
Rays of Belief Ltd MOMSBELIEF	Hospital	₹ 547.42 Cr.	—	—	111.3	—
Chandan Healthcare CHANDAN	Healthcare Service Provider	₹ 533.05 Cr.	+19.1%	+27.9%	20.4	−7.4%	Strong results
Fabtech Technologies FABTECH	Healthcare Research, Analytics & Technology	₹ 529.11 Cr.	+10.2%	—	11	−14.9%
Asarfi Hospital 543943	Hospital	₹ 334.32 Cr.	+32.8%	+33.4%	18.8	−20.9%
Pramodini Medicare PRAMODINI	Healthcare Service Provider	₹ 240.3 Cr.	—	—	13.8	—
Lotus Eye Hospital and Institute LOTUSEYE	Hospital	₹ 233.57 Cr.	+26.2%	+13%	305	−6.7%
Hannah Joseph Hospital Ltd 544687	Hospital	₹ 208.82 Cr.	—	—	18.7	−14.5%
Bilcare BI	Healthcare Research, Analytics & Technology	₹ 197.8 Cr.	+21.5%	—	10	+42.4%
Novelix Pharmaceuticals 536565	Healthcare Research, Analytics & Technology	₹ 166.32 Cr.	+65.1%	+972.7%	63.3	−13%
Jeevan Scientific Technology 538837	Healthcare Research, Analytics & Technology	₹ 163.12 Cr.	+107.7%	—	46.9	+13.5%
Take Solutions TAKE	Healthcare Research, Analytics & Technology	₹ 159.66 Cr.	—	—	27.4	−52%
Choksi Laboratories 526546	Healthcare Service Provider	₹ 146.28 Cr.	+7.3%	+48.7%	76.2	+93.7%
Nephro Care India NEPHROCARE	Hospital	₹ 136.84 Cr.	—	—	48.9	+25.5%
Aspira Pathlab & Diagnostics 540788	Healthcare Service Provider	₹ 131.44 Cr.	+17.5%	Loss	54.1	+10%
Star Imaging and Path Lab 544482	Healthcare Service Provider	₹ 130.13 Cr.	—	—	6.8	−17.4%
Abate AS Industries 531658	Hospital	₹ 105.12 Cr.	−44.4%	−0.4%	8.7	−30.5%
Maitreya Medicare MAITREYA	Hospital	₹ 98.25 Cr.	−2.8%	Loss	108.5	+3.9%
Modern Diagnostic & Research Centre Ltd 544673	Healthcare Service Provider	₹ 90.59 Cr.	—	—	17.3	+17.3%
Sangani Hospitals SANGANI	Hospital	₹ 82.25 Cr.	+975%	+50%	27.5	+45.7%
Fortis Malar Hospitals 523696	Hospital	₹ 75.88 Cr.	−100%	−96.4%	22.9	−20%
Invicta Diagnostic INVICTA	Healthcare Service Provider	₹ 75.43 Cr.	—	—	17.1	−0.4%
Shanmuga Hospital 544365	Hospital	₹ 57.17 Cr.	—	—	13.6	−5.6%
Aatmaj Healthcare AATMAJ	Hospital	₹ 53.11 Cr.	+88.4%	—	71.6	+24.3%
ABH Healthcare ABH	Hospital	₹ 47.43 Cr.	—	—	8.3	—
NG Industries Ltd 530897	Healthcare Service Provider	₹ 33.7 Cr.	+13.8%	+105.3%	17.4	−13.2%
Bandaram Pharma Packtech 524602	Healthcare Service Provider	₹ 33.25 Cr.	+195.7%	+3,300%	33.1	−10%
Sharma East India Hospitals & Medical Research Ltd 524548	Healthcare Service Provider	₹ 31.15 Cr.	+13.6%	−18.7%	—	−18.7%
KK Shah Hospitals 544013	Hospital	₹ 30.64 Cr.	+32.1%	Loss	33.1	—
Samsrita Labs 539267	Healthcare Service Provider	₹ 30.05 Cr.	—	Loss	17.1	+5.2%
Soni Medicare 539378	Hospital	₹ 29.58 Cr.	−36.2%	Loss	106.1	—
Deccan Health Care 542248	Healthcare Service Provider	₹ 28.86 Cr.	+1.8%	+19%	11.7	−6.2%
Chennai Meenakshi Multispeciality Hospital Ltd 523489	Healthcare Service Provider	₹ 27.41 Cr.	−0.7%	—	93.8	−7.5%
Adeshwar Meditex 543309	Healthcare Research, Analytics & Technology	₹ 24.9 Cr.	−22.4%	−58.6%	34.2	−6.7%
Tejnaksh Healthcare 539428	Healthcare Service Provider	₹ 23.93 Cr.	+0.4%	+23.8%	19.3	−8.3%
Nidan Laboratories and Healthcare NIDAN	Healthcare Service Provider	₹ 17.1 Cr.	+0.6%	—	9.6	−1.1%
Transgene Biotek 526139	Healthcare Service Provider	₹ 16.79 Cr.	+20%	Loss	2.3	−19.9%
Vanta Bioscience 540729	Healthcare Research, Analytics & Technology	₹ 14.51 Cr.	−57.5%	—	131.9	−19.3%
Global Longlife Hospital and Research Ltd 543520	Hospital	₹ 13.27 Cr.	−100%	Loss	125.3	−2.6%
Family Care Hospitals 516110	Healthcare Service Provider	₹ 10.11 Cr.	+150%	Loss	0.5	−29.5%
Dhanvantri Jeevan Rekha 531043	Healthcare Service Provider	₹ 9.65 Cr.	+41.6%	+200%	18.9	−13.5%
BROACH LIFECARE HOSPITAL LIMIT 544231	Hospital	₹ 8.5 Cr.	+99.4%	Loss	94.4	+0.9%
Looks Health Services 534422	Healthcare Service Provider	₹ 8.07 Cr.	+71.4%	—	274.8	−14.8%
Clinitech Laboratory 544220	Healthcare Service Provider	₹ 7.3 Cr.	+31.4%	−60%	17.4	−20%
Dr Lalchandani Labs 541299	Healthcare Service Provider	₹ 6.01 Cr.	+2.4%	Loss	100.2	+2.8%
Ashram Online.com 526187	Healthcare Service Provider	₹ 5.41 Cr.	+30%	Loss	124.8	−15%
Gian Life Care 542918	Healthcare Service Provider	₹ 4.34 Cr.	−29.6%	−71.4%	5.7	−16.2%
Aashka Hospitals 543346	Hospital	—	+4.1%	+32.6%	79.1	+41.4%
Boston Commerce Ltd 531458	Healthcare Service Provider	—	−100%	Loss	—	+106.3%
Dolphin Medical Services 526504	Healthcare Service Provider	—	+23.5%	−33.3%	46.2	—
GPT Healthcare GPTHEALTH	Hospital	—	+17.8%	+62.5%	22.7	−20.4%
HealthCare Global Enterprises Ltd HCG	Hospital	—	+13.4%	+166.7%	170.3	−12.1%
Yatharth Hospital & Trauma Care Services Ltd YATHARTH	Hospital	—	+52.3%	+7.1%	49.6	+14.3%
Jupiter Life Line Hospitals JLHL	Hospital	—	—	—	—	—

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.