8 Companies under Medical Equipment/Supplies/Accessories
| S.NO. | COMPANY | PRICERs. | CHANGE% | MCAPCr. | P/E | P/B |
|---|
| S.NO. | COMPANY | PRICERs. | CHANGE% | MCAPCr. | P/E | P/B |
|---|---|---|---|---|---|---|
| 1 | KMS Medisurgi | 83.54 | 19.94% | 27.57 | 128.23 | 4.13 |
| 2 | Raaj Medisafe India | 40.95 | 5.00% | 44.79 | 15.73 | 6.44 |
| 3 | Centenial Surgical | 67.19 | 4.98% | 24.51 | 25.70 | 0.84 |
| 4 | Shree Pacetronix | 122.00 | 2.13% | 43.91 | 28.57 | 5.62 |
| 5 | GKB Ophthalmics | 104.15 | 0.82% | 52.50 | -34.95 | 1.77 |
| 6 | Poly Medicure | 984.00 | 0.53% | 9,443.51 | 59.02 | 8.03 |
| 7 | Kretto Syscon | 0.56 | 0% | 8.78 | -25.93 | 0.54 |
| 8 | Prevest Denpro | 399.20 | -1.14% | 479.16 | 30.50 | 6.58 |
| 9 | Nureca |
Companies Listed in Medical Equipment Sector
Here are some medical devices manufacturing companies in India that are listed on stock exchanges:
- Poly Medicure Limited (NSE: POLYMED, BSE: 531768)
- Apollo Hospitals Enterprise Limited (NSE: APOLLOHOSP, BSE: 508869)
- Dr. Lal PathLabs Limited (NSE: LALPATHLAB, BSE: 539524)
- Trivitron Healthcare Private Limited (BSE: 539097)
- Opto Circuits India Limited (BSE: 532391)
- Shilpa Medicare Limited (NSE: SHILPAMED, BSE: 530549)
- Wockhardt Limited (NSE: WOCKPHARMA, BSE: 532300)
- Fortis Healthcare Limited (NSE: FORTIS, BSE: 532843)
- Thyrocare Technologies Limited (NSE: THYROCARE, BSE: 539871)
- Max Healthcare Institute Limited (NSE: MAXHEALTH, BSE: 543220)
Here’s a list of some notable medical devices manufacturing companies in India that are also listed on the Bombay Stock Exchange (BSE) or National Stock Exchange (NSE):
Large-cap Companies:
- Triveni Engineering & Industries Ltd. (NSE: TRIVENI): Manufactures a wide range of medical devices, including stents, implants, and surgical instruments.
- Hindustan Latex Ltd. (BSE: HIL): HLL Lifecare Limited (formerly Hindustan Latex Limited) Leading manufacturer of condoms and other healthcare products, venturing into medical devices like gloves and catheters.
- Mankind Pharma Ltd. (NSE: MANKIND): Primarily a pharmaceutical company, expanding into medical devices through acquisitions and partnerships.
Mid-cap Companies:
- Poly Medicure Ltd. (BSE: POLYMED): Manufactures disposable medical devices like syringes and catheters.
- KMS Medisurgi Ltd. (BSE: KMSM): Offers a range of surgical instruments and equipment.
- Morepen Laboratories Ltd.: Morepen is a multifaceted healthcare giant in India with two major arms: Morepen Laboratories Ltd. and Dr. Morepen Ltd. To understand this company completely, let’s explore each branch separately: Founded in 1984, it’s a well-established pharmaceutical company with a focus on:
- Active Pharmaceutical Ingredients (APIs): They manufacture and export bulk drug APIs for various medications.
- Formulations: They produce a wide range of pharmaceutical formulations, including tablets, capsules, injectables, and more, focusing on generic drugs.
- Over-the-Counter (OTC) Products: They offer a well-known brand called “Dr. Morepen” with various healthcare products like pain relievers, cough syrups, and vitamins.
Small-cap Companies:
- Venus Remedies Ltd. (BSE: VENUSREM): Primarily a pharmaceutical company, but also manufactures surgical sutures and other medical disposables.
- Aarti Industries Ltd. (BSE: AARTIIND): Diversified company with a medical devices division manufacturing catheters and other interventional products.
- Sterlite Technologies Ltd. (NSE: STERTECH): Leading manufacturer of optical fiber cables, also ventureing into medical devices like stents and implants.
Best manufacturer of condom in India
- Cupid Limited
- Mankind Pharma Ltd
- HLL Lifecare
- Sheela Foam Ltd
Medical device companies should be evaluated beyond their market listing and product portfolio. Unlike many industries, healthcare manufacturing requires continuous investment in quality systems, clinical validation, regulatory compliance, and post-market monitoring. A company may have strong demand potential, but maintaining consistent product quality and meeting evolving healthcare standards are critical for long-term success. Factors such as supplier dependency for critical components, technology upgrades, certification requirements, and after-sales support networks can significantly impact operational stability and future growth. Building strong manufacturing capabilities and regulatory expertise will be important as Indian medical device companies compete in global markets.