Last Updated on Sep 4, 2023 by Harshit Singh
Healthcare is among the largest sectors, both in terms of revenue and employment. It spans hospitals, medical devices, clinical trials, outsourcing, telemedicine, medical tourism, health insurance, and medical equipment. Fueled by the increased investment by both – private and public companies, the healthcare sector is expanding rapidly, and so are healthcare stocks in India. Here’s the list of healthcare sector stocks listed in NSE.
List of healthcare stocks in India
List of large-cap healthcare stocks in India
| Name | Sub-Sector | Market Cap | Close Price | PE Ratio | 1Y Return | 5Y Avg Return on Investment | Net Income (Q) |
| Divi’s Laboratories Ltd | Labs & Life Sciences Services | 95,284.64 | 3,589.30 | 52.26 | -0.28 | 19.79 | 356.00 |
| Apollo Hospitals Enterprise Ltd | Hospitals & Diagnostic Centres | 69,596.81 | 4,840.35 | 84.97 | 13.17 | 10.80 | 166.60 |
Note: The data is from 4th September 2023. To get the list of healthcare sector stocks in India, apply the below-mentioned filter on the Tickertape Stock Screener.
Sector > Health Care > Biotechnology, Labs & Life Sciences Services, Hospitals & Diagnostic Centres and Health Care Equipment & Supplies
Market cap – Large-cap
List of mid-cap healthcare stocks in India
| Name | Sub-Sector | Market Cap | Close Price | PE Ratio | 1Y Return | 5Y Avg Return on Investment | Net Income (Q) |
| Max Healthcare Institute Ltd | Hospitals & Diagnostic Centres | 55,852.34 | 574.95 | 50.61 | 51.28 | 4.65 | 240.08 |
| Biocon Ltd | Biotechnology | 31,156.89 | 260.80 | 67.34 | -13.53 | 6.39 | 101.40 |
| Syngene International Ltd | Labs & Life Sciences Services | 31,111.89 | 778.55 | 66.99 | 29.76 | 12.22 | 93.40 |
| Fortis Healthcare Ltd | Hospitals & Diagnostic Centres | 24,490.84 | 324.40 | 41.60 | 10.32 | 4.11 | 111.76 |
Note: The data is from 4th September 2023. To get the list of healthcare sector stocks in India, apply the below-mentioned filter on the Tickertape Stock Screener.
Sector > Health Care > Biotechnology, Labs & Life Sciences Services, Hospitals & Diagnostic Centres and Health Care Equipment & Supplies
Market cap – Mid-cap
List of small-cap healthcare stocks India
| Name | Sub-Sector | Market Cap | Close Price | PE Ratio | 1Y Return | 5Y Avg Return on Investment | Net Income (Q) |
| Narayana Hrudayalaya Ltd | Hospitals & Diagnostic Centres | 20,799.43 | 1,024.25 | 34.31 | 42.01 | 12.57 | 183.96 |
| Global Health Ltd | Hospitals & Diagnostic Centres | 18,969.20 | 706.75 | 58.17 | – | 6.94 | 102.01 |
| Dr. Lal PathLabs Ltd | Hospitals & Diagnostic Centres | 18,293.31 | 2,201.25 | 76.59 | -11.13 | 19.33 | 82.6 |
| Aster DM Healthcare Ltd | Hospitals & Diagnostic Centres | 16,411.75 | 329.95 | 38.62 | 49.33 | 7.53 | 4.9 |
| Krishna Institute of Medical Sciences Ltd | Hospitals & Diagnostic Centres | 15,473.77 | 1,933.55 | 46.01 | 52.36 | 14.49 | 80.8 |
| Poly Medicure Ltd | Health Care Equipment & Supplies | 13,378.00 | 1,394.35 | 74.62 | 49.38 | 15.20 | 62.7 |
| Rainbow Children’s Medicare Ltd | Hospitals & Diagnostic Centres | 10,706.91 | 1,054.85 | 50.78 | 66.31 | 12.73 | 40.99 |
| Metropolis Healthcare Ltd | Hospitals & Diagnostic Centres | 6,980.87 | 1,362.90 | 48.86 | -4.67 | 21.71 | 28.8 |
| Vijaya Diagnostic Centre Ltd | Hospitals & Diagnostic Centres | 5,166.55 | 505.20 | 61.05 | 39.64 | 17.46 | 26.21 |
| Healthcare Global Enterprises Ltd | Hospitals & Diagnostic Centres | 4,880.20 | 350.45 | 166.33 | 28.23 | 3.13 | 7.61 |
| Aarti Pharmalabs Ltd | Labs & Life Sciences Services | 3,525.35 | 389.00 | 18.22 | – | – | 47.09 |
| Yatharth Hospital & Trauma Care Services Ltd | Hospitals & Diagnostic Centres | 3,208.22 | 373.70 | 48.78 | – | 12.59 | 19.04 |
| Kovai Medical Center and Hospital Ltd | Hospitals & Diagnostic Centres | 2,947.41 | 2,693.60 | 25.46 | 81.96 | 11.52 | 31.05 |
| Thyrocare Technologies Ltd | Hospitals & Diagnostic Centres | 2,846.82 | 537.85 | 44.23 | -13.18 | 22.95 | 17.3 |
| Tarsons Products Ltd | Health Care Equipment & Supplies | 2,802.37 | 526.70 | 34.73 | -32.52 | 20.38 | 9.6 |
| Shalby Ltd | Hospitals & Diagnostic Centres | 2,621.60 | 244.85 | 38.72 | 89.81 | 5.48 | 20.83 |
| Dishman Carbogen Amcis Ltd | Labs & Life Sciences Services | 2,476.39 | 157.95 | -83.10 | 30.59 | 1.99 | 17 |
| Krsnaa Diagnostics Ltd | Hospitals & Diagnostic Centres | 2,025.62 | 645.15 | 32.62 | 33.99 | – | 14.64 |
| Indraprastha Medical Corporation Ltd | Hospitals & Diagnostic Centres | 1,640.49 | 178.95 | 19.04 | 152.58 | 15.20 | 30.5 |
| KMC Speciality Hospitals India Ltd | Hospitals & Diagnostic Centres | 1,511.47 | 92.68 | 56.61 | 58.43 | 19.10 | 6.92 |
| Hester Biosciences Ltd | Biotechnology | 1,462.63 | 1,719.35 | 54.97 | -19.74 | 11.19 | 5.87 |
| Vimta Labs Ltd | Labs & Life Sciences Services | 1,265.48 | 571.50 | 26.28 | 57.26 | 12.96 | 12.19 |
| Dr Agarwal’s Eye Hospital Ltd | Hospitals & Diagnostic Centres | 1,118.25 | 2,379.25 | 30.29 | 197.41 | 14.12 | 11.54 |
| Panacea Biotec Ltd | Biotechnology | 825.97 | 134.85 | -24.47 | -2.60 | – | 10.98 |
| Vasa Denticity Ltd | Hospitals & Diagnostic Centres | 790.48 | 493.55 | 104.01 | – | – | – |
| Max India Ltd | Hospitals & Diagnostic Centres | 659.65 | 152.80 | -63.43 | 79.03 | – | -12.21 |
| Balaxi Pharmaceuticals Ltd | Health Care Equipment & Supplies | 469.31 | 458.75 | 10.21 | -21.51 | 39.98 | -41.34 |
| Universus Photo Imagings Ltd | Health Care Equipment & Supplies | 438.19 | 400.30 | -9.86 | -24.90 | – | -35.19 |
| Vaidya Sane Ayurved Laboratories Ltd | Labs & Life Sciences Services | 366.92 | 349.00 | 75.97 | 154.10 | – | – |
| Zenotech Laboratories Ltd | Biotechnology | 330.30 | 54.12 | 28.52 | -5.96 | 11.31 | 1.45 |
| Brooks Laboratories Ltd | Labs & Life Sciences Services | 261.68 | 99.70 | -12.51 | -26.34 | -11.26 | -4.47 |
| QMS Medical Allied Services Ltd | Hospitals & Diagnostic Centres | 257.04 | 144.00 | 40.35 | – | 28.46 | 2.46 |
| Lotus Eye Hospital and Institute Ltd | Hospitals & Diagnostic Centres | 185.30 | 89.10 | 45.42 | 38.14 | 3.41 | 1.38 |
| Bilcare Ltd | Labs & Life Sciences Services | 173.06 | 73.50 | 11.50 | 20.49 | – | -7.91 |
| Mohini Health & Hygiene Ltd | Health Care Equipment & Supplies | 163.30 | 89.55 | 24.05 | 148.75 | 9.77 | – |
| Aatmaj Healthcare Ltd | Hospitals & Diagnostic Centres | 116.62 | 51.60 | 19.77 | – | – | 0.13 |
| Fortis Malar Hospitals Ltd | Hospitals & Diagnostic Centres | 107.77 | 57.50 | -6.96 | 0.44 | -1.69 | -2.92 |
| Jeevan Scientific Technology Ltd | Labs & Life Sciences Services | 105.88 | 68.40 | -34.60 | 19.06 | 9.92 | 0.52 |
| Shree Pacetronix Ltd | Health Care Equipment & Supplies | 104.54 | 290.45 | 32.07 | 478.59 | 11.54 | 0.86 |
| Tejnaksh Healthcare Ltd | Hospitals & Diagnostic Centres | 69.41 | 34.17 | 41.32 | -50.85 | 15.15 | 0.15 |
| Sangani Hospitals Ltd | Hospitals & Diagnostic Centres | 61.93 | 44.95 | 41.84 | – | – | – |
| Nidan Laboratories & Healthcare Ltd | Hospitals & Diagnostic Centres | 52.75 | 37.95 | 14.86 | -17.05 | – | 1.8 |
| GKB Ophthalmics Ltd | Health Care Equipment & Supplies | 45.47 | 90.20 | -303.11 | -7.49 | 1.38 | 0.53 |
| N G Industries Ltd | Hospitals & Diagnostic Centres | 43.84 | 130.85 | 5.28 | 55.59 | 13.73 | 2.02 |
| Vivo Bio Tech Ltd | Biotechnology | 42.18 | 28.30 | 15.92 | -13.19 | 10.77 | 0.13 |
| Aspira Pathlab & Diagnostics Ltd | Hospitals & Diagnostic Centres | 41.56 | 40.38 | -461.81 | -3.51 | -9.72 | -0.72 |
| Raaj Medisafe India Ltd | Health Care Equipment & Supplies | 38.29 | 35.01 | 11.46 | 19.90 | – | 0.63 |
| Vanta Bioscience Ltd | Labs & Life Sciences Services | 35.35 | 58.80 | -3.38 | -39.51 | 3.71 | -6.02 |
| Transgene Biotek Ltd | Biotechnology | 33.64 | 4.44 | -5.60 | 37.04 | -22.85 | -0.14 |
| Centenial Surgical Suture Ltd | Health Care Equipment & Supplies | 28.78 | 78.89 | 32.71 | 46.50 | 7.65 | 0.3 |
| Medinova Diagnostic Services Ltd | Hospitals & Diagnostic Centres | 25.04 | 25.09 | 15.09 | -1.41 | – | 0.33 |
| Chennai Meenakshi Multispeciality Hospital Ltd | Hospitals & Diagnostic Centres | 21.85 | 29.25 | 24.55 | 32.65 | – | 0.01 |
| Soni Medicare Ltd | Hospitals & Diagnostic Centres | 12.23 | 28.67 | -18.25 | 19.71 | 0.78 | 0.1 |
| Dr Lalchandani Labs Ltd | Hospitals & Diagnostic Centres | 11.70 | 27.00 | -7.55 | 4.65 | 8.33 | – |
| Trimurthi Ltd | Health Care Equipment & Supplies | 7.13 | 8.80 | -4.57 | -2.22 | -16.16 | -0.16 |
| Genomic Valley Biotech Ltd | Biotechnology | 6.90 | 22.60 | 10.62 | -33.82 | 1.24 | 0.03 |
| Hindustan Bio Sciences Ltd | Biotechnology | 5.84 | 5.70 | -146.07 | 62.39 | -21.11 | -0.12 |
| Dhanvantri Jeevan Rekha Ltd | Hospitals & Diagnostic Centres | 5.33 | 13.00 | -24.22 | -1.89 | -0.70 | 0.05 |
| Transpact Enterprises Ltd | Health Care Equipment & Supplies | 5.29 | 136.80 | -75.58 | -7.75 | -30.60 | – |
| Looks Health Services Ltd | Health Care Equipment & Supplies | 5.15 | 4.90 | -32.16 | -45.98 | 0.58 | -0.01 |
Note: The data is from 4th September 2023. To get the list of healthcare sector stocks in India, apply the below-mentioned filter on the Tickertape Stock Screener.
Sector > Health Care > Biotechnology, Labs & Life Sciences Services, Hospitals & Diagnostic Centres and Health Care Equipment & Supplies
Market cap – Small-cap
Overview of healthcare sector in India
- In FY17, the hospital industry in India had a value of $61.79 billion, and it is projected to reach $132 billion by 2023, with an annual growth rate of 16-17%.
- The Telemedicine sector is the most promising eHealth segment in India and is expected to reach $5.4 billion by 2025, growing at a CAGR of 31%.
- The National Digital Health Blueprint has the potential to generate an additional economic value of over $200 billion for the Indian healthcare industry in the next decade.
- India boasts the world’s largest government-supported Health Insurance Scheme known as Ayushman Bharat.
- India has made substantial investments in Medical Education, with Rs.17,691.08 cr. being allocated to establish 157 new approved Medical Colleges since 2014.
The Nifty Healthcare index has witnessed a surge in recent weeks, achieving its 52-week high. Given the investment injection from public and private companies and positive quarter showing for many listed stocks, the healthcare sector stocks have traded heavily on the bourse lately. With Tickertape Stock Screener, you can identify which company has solid financials and traded heavily and conduct comprehensive research using over 200 filters. Try Tickertape Stock Screener today!
As an investment fanatic, I’ve dabbled in early-stage startups, mutual funds, gold, stocks, smallcases, and real estate to identify which assets generate the highest ROI. At Tickertape, I’m dedicated to presenting my learning and providing insightful suggestions to help my readers make sound investment decision.
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