The healthcare sector in India is growing very fast, and with this, the demand for medical equipment is also increasing. Many companies in India are making good progress in the medical equipment business, and their stocks are performing well in the market. If you are looking to invest in the healthcare sector, then medical equipment stocks can be a good option for you. In this article, we will talk about some of the Top Medical Equipment Stocks in India to Watch This Year which have strong potential for growth and long-term returns.
Top Medical Equipment Stocks List
| Company Name | Market Cap (₹ Cr) | Close Price (₹) | 1Y Return (%) |
|---|---|---|---|
| Poly Medicure Ltd | 21,699.41 | 2,242.20 | 44.64 |
| Laxmi Dental Ltd | 2,237.78 | 413.05 | -24.98 |
| PREVEST DENPRO LTD | 612.03 | 528.10 | 38.25 |
| Osel Devices Ltd | 354.52 | 218.00 | 4.83 |
| Nureca Ltd | 214.39 | 225.10 | -19.07 |
| Yash Optics & Lens Ltd | 186.24 | 76.20 | -10.09 |
| Kretto Syscon Ltd | 128.57 | 2.10 | 254.43 |
| Holmarc Opto-Mechatronics Ltd | 125.52 | 131.10 | 29.80 |
| Hemant Surgical Industries Ltd | 108.58 | 105.50 | -24.64 |
| Raaj Medisafe India Ltd | 93.02 | 68.87 | 35.04 |
1. Poly Medicure Ltd
Poly Medicure Ltd, established in 1997, is one of India’s most trusted and leading manufacturers of medical devices and healthcare solutions. The company mainly focuses on producing medical devices used in infusion therapy, oncology, dialysis, anesthesia, urology, gastroenterology, blood management, and surgery.
It has a wide product range that helps hospitals and healthcare professionals deliver better patient care. Over the years, Poly Medicure has built a strong presence not only in India but also in more than 100 countries, exporting quality medical equipment globally.
The company has manufacturing facilities in India, Italy, China, and Egypt and operates with strict international quality standards. Poly Medicure’s products are known for their innovation, safety, and affordability, which makes them a preferred choice for healthcare institutions worldwide. The Market Cap of Poly Medicure Ltd is ₹21,699.41 crore. The current price of the stock is ₹2,242.20. The stock’s 1-year return is 44.64%. It is considered one of the strong players in the medical equipment sector in India and offers promising growth potential for long-term investors.
2. Laxmi Dental Ltd
Laxmi Dental Ltd is a well-known name in India’s dental equipment and dental solutions industry. The company is engaged in the manufacturing and distribution of various dental products such as dental implants, orthodontic products, dental chairs, and surgical tools used by dentists across India and abroad. With a focus on research, development, and high-quality manufacturing, Laxmi Dental has been providing modern dental solutions to improve patient outcomes.
The company works closely with dental practitioners and hospitals to offer tailor-made solutions in the oral healthcare space. Despite facing a challenging year in terms of stock performance, Laxmi Dental continues to enjoy a good reputation within the dental medical community. The Market Cap of Laxmi Dental Ltd is ₹2,237.78 crore. The stock’s current price is ₹413.05, and the 1-year return is -24.98%. The company remains focused on innovation and expanding its presence in both Indian and international markets.
3. PREVEST DENPRO LTD
PREVEST DENPRO LTD is a fast-growing Indian company involved in the manufacturing of dental materials and products used by dental healthcare professionals globally. Its portfolio includes a wide range of dental care solutions such as filling materials, impression materials, root canal treatment products, and more, all of which are crucial for dentists in providing quality care.
The company is known for offering reliable and cost-effective dental solutions and is steadily building its reputation for quality in both domestic and international markets. PREVEST DENPRO focuses strongly on research and development to keep improving its product range and meeting the latest industry standards. The Market Cap of PREVEST DENPRO LTD is ₹612.03 crore. The current price of the stock is ₹528.10. The stock’s 1-year return stands at 38.25%, making it an attractive choice for investors looking for opportunities in the dental equipment space.
4. Osel Devices Ltd
Osel Devices Ltd is an emerging player in the Indian medical devices market, known for offering technologically advanced and user-friendly healthcare products. The company designs and manufactures a variety of medical equipment that focuses on enhancing patient safety, diagnostic accuracy, and treatment efficiency in hospitals and clinics.
Osel Devices serves both domestic and international markets, supplying its devices to healthcare professionals and institutions looking for dependable solutions at competitive prices. Though relatively smaller in size, Osel Devices is working steadily to expand its footprint and capture more market share in the healthcare devices sector. The Market Cap of Osel Devices Ltd is ₹354.52 crore. The stock’s current price is ₹218.00, and its 1-year return is 4.83%. It is seen as a growing company with potential for steady performance in the future.
5. Nureca Ltd
Nureca Ltd is involved in the business of home healthcare and wellness products, catering directly to consumers through digital channels as well as offline stores. The company specializes in products that include medical devices for diagnostics, orthopedic care, mother and child care, and lifestyle products aimed at improving overall wellness and preventive health.
Nureca has built its brand around affordable, high-quality devices and tools designed to make healthcare more accessible at home. It focuses on delivering user-friendly, technology-backed solutions for customers seeking better control over their health. Despite its stock witnessing a decline over the past year, Nureca continues to maintain a loyal customer base and works on product innovation to stay competitive. The Market Cap of Nureca Ltd is ₹214.39 crore. The stock is currently priced at ₹225.10, and its 1-year return is -19.07%.
6. Yash Optics & Lens Ltd
Yash Optics & Lens Ltd specializes in the manufacturing and supply of optical products, lenses, and precision optical components, which are used across various industries including medical, scientific, and industrial applications. The company is known for its high-precision engineering and quality standards in the field of optics.
Yash Optics serves a niche market with its customized solutions and continues to strengthen its position through constant technological upgrades and customer-centric services. Although the stock has delivered a negative return this year, the company holds good potential in its specialized sector. The Market Cap of Yash Optics & Lens Ltd is ₹186.24 crore. The current stock price is ₹76.20 and the 1-year return is -10.09%.
7. Kretto Syscon Ltd
Kretto Syscon Ltd is a micro-cap company operating in the field of healthcare and technology support systems. Though small in size, the company has witnessed extraordinary growth in its stock price over the past year. Kretto Syscon focuses on systems that support various medical and healthcare-related businesses, though detailed business operations are limited in public records.
Its stock has been one of the top performers in this segment, catching investor attention for its impressive price growth despite its modest business scale. The Market Cap of Kretto Syscon Ltd is ₹128.57 crore. The stock’s current price is ₹2.10, and its 1-year return is a remarkable 254.43%.
8. Holmarc Opto-Mechatronics Ltd
Holmarc Opto-Mechatronics Ltd is engaged in the manufacturing of precision opto-mechanical equipment and instruments widely used in healthcare, education, and scientific research. The company’s products support various applications in medical laboratories, hospitals, and research centers by providing high-quality instruments for accurate and reliable results.
Holmarc focuses on innovation and excellence in its field, offering customized solutions to cater to the evolving needs of its customers. With a strong emphasis on engineering and manufacturing excellence, Holmarc is gradually expanding its reputation within India and selected international markets. The Market Cap of Holmarc Opto-Mechatronics Ltd is ₹125.52 crore. The current stock price is ₹131.10, and its 1-year return is 29.80%.
9. Hemant Surgical Industries Ltd
Hemant Surgical Industries Ltd is a well-established player in the supply of surgical and medical equipment, particularly for dialysis care and critical healthcare solutions. The company manufactures and distributes a wide range of consumables, machinery, and equipment necessary for hospitals and diagnostic centers.
Hemant Surgical focuses on maintaining high standards of quality and affordability while serving healthcare providers across India. Despite a fall in stock price this year, the company remains stable in its core business and continues to build partnerships with leading healthcare institutions. The Market Cap of Hemant Surgical Industries Ltd is ₹108.58 crore. The current stock price is ₹105.50, and its 1-year return is -24.64%.
10. Raaj Medisafe India Ltd
Raaj Medisafe India Ltd is a specialized company in the healthcare sector focusing on medical packaging materials essential for pharmaceuticals and medical devices. Its products ensure safety, hygiene, and protection for medicines and devices during transportation and storage, making it a key contributor to the healthcare supply chain.
Raaj Medisafe works closely with pharma companies and device manufacturers to provide packaging solutions that comply with stringent safety standards. The company has carved a niche for itself in this sector and continues to expand steadily. The Market Cap of Raaj Medisafe India Ltd is ₹93.02 crore. The stock’s current price is ₹68.87 and its 1-year return is 35.04%.
Key Features of the Best Medical Equipment Stocks
The best medical equipment stocks have some common features that make them strong and reliable for investors. These companies focus on technological innovation by investing in research and development to create modern and advanced healthcare devices.
They show consistent revenue growth because of the increasing demand for medical equipment and rising healthcare expenses globally. A strong global market presence helps them reduce risks by not depending on just one country, and they serve hospitals and clinics worldwide.
These companies strictly follow regulatory compliance and maintain high standards of safety and quality, which builds trust with doctors, hospitals, and patients. Lastly, they have a diverse product portfolio which means they offer different types of healthcare products, helping them earn from multiple areas and stay safe even if one product does not perform well.
List of Medical Equipment Stocks with Strong 5-Year Net Profit Margins
Below is the list of medical equipment stocks arranged based on their 5-year average net profit margin from high to low. These companies have been ranked according to how well they have maintained profitability over the past 5 years.
| Stock Name | 5Y Avg Net Profit Margin (%) |
|---|---|
| Kretto Syscon Ltd | 23.73 |
| Poly Medicure Ltd | 15.82 |
| Shree Pacetronix Ltd | 8.56 |
| Nureca Ltd | 7.25 |
| Raaj Medisafe India Ltd | 6.16 |
| Amkay Products Ltd | 5.28 |
| Hemant Surgical Industries Ltd | 4.66 |
| KMS Medisurgi Ltd | 2.68 |
| Centenial Surgical Suture Ltd | 2.03 |
| GKB Ophthalmics Ltd | -1.23 |
Conclusion
Investing in medical equipment stocks in India can offer good opportunities for long-term growth, especially as the healthcare sector continues to expand with rising demand for advanced medical devices and solutions. Companies with strong net profit margins, consistent revenue growth, and a focus on innovation are more likely to deliver stable returns to investors. Stocks like Poly Medicure Ltd and Kretto Syscon Ltd stand out due to their solid profitability over the past five years. However, before investing, it is important to carefully study each company’s financial health, business model, and future growth potential. A well-diversified portfolio with selected medical equipment stocks can provide both safety and growth in the long run.