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

NameSub-SectorMarket CapClose PricePE Ratio1Y Return5Y Avg Return on InvestmentNet Income (Q)
Divi’s Laboratories LtdLabs & Life Sciences Services95,284.643,589.3052.26-0.2819.79356.00
Apollo Hospitals Enterprise LtdHospitals & Diagnostic Centres69,596.814,840.3584.9713.1710.80166.60

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

NameSub-SectorMarket CapClose PricePE Ratio1Y Return5Y Avg Return on InvestmentNet Income (Q)
Max Healthcare Institute LtdHospitals & Diagnostic Centres55,852.34574.9550.6151.284.65240.08
Biocon LtdBiotechnology31,156.89260.8067.34-13.536.39101.40
Syngene International LtdLabs & Life Sciences Services31,111.89778.5566.9929.7612.2293.40
Fortis Healthcare LtdHospitals & Diagnostic Centres24,490.84324.4041.6010.324.11111.76

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

NameSub-SectorMarket CapClose PricePE Ratio1Y Return5Y Avg Return on InvestmentNet Income (Q)
Narayana Hrudayalaya LtdHospitals & Diagnostic Centres20,799.431,024.2534.3142.0112.57183.96
Global Health LtdHospitals & Diagnostic Centres18,969.20706.7558.176.94102.01
Dr. Lal PathLabs LtdHospitals & Diagnostic Centres18,293.312,201.2576.59-11.1319.3382.6
Aster DM Healthcare LtdHospitals & Diagnostic Centres16,411.75329.9538.6249.337.534.9
Krishna Institute of Medical Sciences LtdHospitals & Diagnostic Centres15,473.771,933.5546.0152.3614.4980.8
Poly Medicure LtdHealth Care Equipment & Supplies13,378.001,394.3574.6249.3815.2062.7
Rainbow Children’s Medicare LtdHospitals & Diagnostic Centres10,706.911,054.8550.7866.3112.7340.99
Metropolis Healthcare LtdHospitals & Diagnostic Centres6,980.871,362.9048.86-4.6721.7128.8
Vijaya Diagnostic Centre LtdHospitals & Diagnostic Centres5,166.55505.2061.0539.6417.4626.21
Healthcare Global Enterprises LtdHospitals & Diagnostic Centres4,880.20350.45166.3328.233.137.61
Aarti Pharmalabs LtdLabs & Life Sciences Services3,525.35389.0018.2247.09
Yatharth Hospital & Trauma Care Services LtdHospitals & Diagnostic Centres3,208.22373.7048.7812.5919.04
Kovai Medical Center and Hospital LtdHospitals & Diagnostic Centres2,947.412,693.6025.4681.9611.5231.05
Thyrocare Technologies LtdHospitals & Diagnostic Centres2,846.82537.8544.23-13.1822.9517.3
Tarsons Products LtdHealth Care Equipment & Supplies2,802.37526.7034.73-32.5220.389.6
Shalby LtdHospitals & Diagnostic Centres2,621.60244.8538.7289.815.4820.83
Dishman Carbogen Amcis LtdLabs & Life Sciences Services2,476.39157.95-83.1030.591.9917
Krsnaa Diagnostics LtdHospitals & Diagnostic Centres2,025.62645.1532.6233.9914.64
Indraprastha Medical Corporation LtdHospitals & Diagnostic Centres1,640.49178.9519.04152.5815.2030.5
KMC Speciality Hospitals India LtdHospitals & Diagnostic Centres1,511.4792.6856.6158.4319.106.92
Hester Biosciences LtdBiotechnology1,462.631,719.3554.97-19.7411.195.87
Vimta Labs LtdLabs & Life Sciences Services1,265.48571.5026.2857.2612.9612.19
Dr Agarwal’s Eye Hospital LtdHospitals & Diagnostic Centres1,118.252,379.2530.29197.4114.1211.54
Panacea Biotec LtdBiotechnology825.97134.85-24.47-2.6010.98
Vasa Denticity LtdHospitals & Diagnostic Centres790.48493.55104.01
Max India LtdHospitals & Diagnostic Centres659.65152.80-63.4379.03-12.21
Balaxi Pharmaceuticals LtdHealth Care Equipment & Supplies469.31458.7510.21-21.5139.98-41.34
Universus Photo Imagings LtdHealth Care Equipment & Supplies438.19400.30-9.86-24.90-35.19
Vaidya Sane Ayurved Laboratories LtdLabs & Life Sciences Services366.92349.0075.97154.10
Zenotech Laboratories LtdBiotechnology330.3054.1228.52-5.9611.311.45
Brooks Laboratories LtdLabs & Life Sciences Services261.6899.70-12.51-26.34-11.26-4.47
QMS Medical Allied Services LtdHospitals & Diagnostic Centres257.04144.0040.3528.462.46
Lotus Eye Hospital and Institute LtdHospitals & Diagnostic Centres185.3089.1045.4238.143.411.38
Bilcare LtdLabs & Life Sciences Services173.0673.5011.5020.49-7.91
Mohini Health & Hygiene LtdHealth Care Equipment & Supplies163.3089.5524.05148.759.77
Aatmaj Healthcare LtdHospitals & Diagnostic Centres116.6251.6019.770.13
Fortis Malar Hospitals LtdHospitals & Diagnostic Centres107.7757.50-6.960.44-1.69-2.92
Jeevan Scientific Technology LtdLabs & Life Sciences Services105.8868.40-34.6019.069.920.52
Shree Pacetronix LtdHealth Care Equipment & Supplies104.54290.4532.07478.5911.540.86
Tejnaksh Healthcare LtdHospitals & Diagnostic Centres69.4134.1741.32-50.8515.150.15
Sangani Hospitals LtdHospitals & Diagnostic Centres61.9344.9541.84
Nidan Laboratories & Healthcare LtdHospitals & Diagnostic Centres52.7537.9514.86-17.051.8
GKB Ophthalmics LtdHealth Care Equipment & Supplies45.4790.20-303.11-7.491.380.53
N G Industries LtdHospitals & Diagnostic Centres43.84130.855.2855.5913.732.02
Vivo Bio Tech LtdBiotechnology42.1828.3015.92-13.1910.770.13
Aspira Pathlab & Diagnostics LtdHospitals & Diagnostic Centres41.5640.38-461.81-3.51-9.72-0.72
Raaj Medisafe India LtdHealth Care Equipment & Supplies38.2935.0111.4619.900.63
Vanta Bioscience LtdLabs & Life Sciences Services35.3558.80-3.38-39.513.71-6.02
Transgene Biotek LtdBiotechnology33.644.44-5.6037.04-22.85-0.14
Centenial Surgical Suture LtdHealth Care Equipment & Supplies28.7878.8932.7146.507.650.3
Medinova Diagnostic Services LtdHospitals & Diagnostic Centres25.0425.0915.09-1.410.33
Chennai Meenakshi Multispeciality Hospital LtdHospitals & Diagnostic Centres21.8529.2524.5532.650.01
Soni Medicare LtdHospitals & Diagnostic Centres12.2328.67-18.2519.710.780.1
Dr Lalchandani Labs LtdHospitals & Diagnostic Centres11.7027.00-7.554.658.33
Trimurthi LtdHealth Care Equipment & Supplies7.138.80-4.57-2.22-16.16-0.16
Genomic Valley Biotech LtdBiotechnology6.9022.6010.62-33.821.240.03
Hindustan Bio Sciences LtdBiotechnology5.845.70-146.0762.39-21.11-0.12
Dhanvantri Jeevan Rekha LtdHospitals & Diagnostic Centres5.3313.00-24.22-1.89-0.700.05
Transpact Enterprises LtdHealth Care Equipment & Supplies5.29136.80-75.58-7.75-30.60
Looks Health Services LtdHealth Care Equipment & Supplies5.154.90-32.16-45.980.58-0.01

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

Harshit Singh
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