20-quarter listed-company comparison

Medical Equipment Stocks in India

Medical Equipment: Poly Medicure Ltd owns the largest revenue base; Prevest Denpro Ltd has the fastest current growth.

01 · the index people search for

Nifty Medical Equipment Index — Constituents & Performance

The Medical Equipment companies below are the listed Indian Medical Equipment universe this page tracks — the same constituent set people search for as the Nifty Medical Equipment index. Every figure is equal-weighted across those companies, so one large constituent cannot set the reading. Each number carries its own as-of date.

02 · the sector itself · before any single company

How has Medical Equipment moved against NIFTY 500?

The line below covers up to 5.2 years and opens on the 5Y view; the buttons cut it shorter. Over the most recent two of them this sector is 10% behind NIFTY 500. Earnings across its companies fell 17% on average over the last four reported quarters. It has been ahead of NIFTY 500 on a rolling three-month view for 14 weeks running.

BREAKING OUT · ahead 14w⚠Moving with the index4 of 6 companies ahead of NIFTY 500 by 5% or more over three months

RS ↑14w · 3/6 >200d (+0) · 4/6 lead (+0) · EPS 1/5↑

Medical Equipment, equal-weighted, based at 200 NIFTY 500, same base, same start trailing 12-month earnings per share rising falling

Both lines start at 200 in the same week, so the distance between them is the whole story: the sector line is an equal-weighted index of its 6 companies. The bars underneath are trailing 12-month earnings per share, one bar per reported quarter, each member rebased to 100 at the start and the sector taking the median — so a price line pulling away from flat bars is a re-rating, not earnings. A bar turns red when that figure is lower than the quarter before. Rules are fixed and applied identically everywhere on this site: ahead by 5% or more over three months, or behind by 20% or more over a year while earnings grew 20% or more. Hover any point to read both values and the gap. This is a description of what the numbers did, not advice.

03 · sector relative strength, before individual stocks

Is Medical Equipment outperforming NIFTY 500?

Medical Equipment has underperformed NIFTY 500 by 19% over the last 52 weeks. Over 13 weeks the gap is a lead of 15.4%. 3 of 6 covered companies currently beat NIFTY on Mansfield relative strength, so leadership inside the sector is selective. Prevest Denpro Ltd is the strongest against the sector itself at +21.2%. Readings are as of 2026-07-19.

+15.4%Sector vs NIFTY 500 · 13 weeks

-19.0%Sector vs NIFTY 500 · 52 weeks

3/6Stocks leading NIFTY 500

2/5Stocks leading sector

Sector metric: 28.6 as of 2026-07-19 · NARROWING · rising.

The central tension: the companies with the most scale are not necessarily the companies creating the most change.

Start with scale. Then earnings trajectory. Then business quality. Only after those three agree should price leadership carry much weight.

Bottom line

Medical Equipment has underperformed NIFTY 500 by 19% over 52 weeks and 15.4% over 13 weeks. 3 of 6 covered companies beat NIFTY on Mansfield relative strength, while 2 of 5 beat the sector itself. Poly Medicure Ltd leads with revenue of ₹1,876 crore, based on 5 of 6 comparable companies through Mar 2026.

Companies

complete canonical membership

Combined market value

₹21.8K Cr

Poly Medicure Ltd

Revenue growing

5/5

positive TTM year-on-year growth

Beating NIFTY 500

3/6

positive Mansfield relative strength

Comparing 5 of 6

04 · research priority, made explicit

4-Factor Sector Score

An additive sector-relative research score. The four displayed point contributions always equal the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or stale evidence is absorbed inside the affected factor, never applied as a hidden adjustment.

Growth & earnings · 35%Capital efficiency · 25%Valuation · 20%Relative strength · 20%

Prevest Denpro Ltd has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 72.1% evidence confidence.

How this score is built, and what the marks mean

Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step curve the sector itself is placed on — basing, turning, breaking out, leader, fading, asleep — read from how many weeks running it has led NIFTY 500 and whether that lead is widening or shrinking. It describes where the PRICE stands, not the earnings trajectory and not a recommendation, and it is left blank for a company whose weekly history is too short or too stale to read.

Company	Score	Price stage	Growth & earnings/35	Capital efficiency/25	Valuation/20	Relative strength/20
1Prevest Denpro LtdPREVEST	71.3/100Favorable setup72% evidence		23.4/35 Revenue 17.3% · PAT 17% · OPM change -0.6 pp 83% evidence	20.8/25 ROCE 25.2% · OPM 33.9% 76% evidence	13.8/20 P/E 24.8× · PEG — 50% evidence	13.3/20 RS sector 21.2% · RS bench -12.7% · 1Y -22.7%3 of 12 weeks ahead to 2026-03-08 70% evidence
Exact sum: 23.4 + 20.8 + 13.8 + 13.3 = 71.3 · Decision use: Confirmed research leader: earnings, capital efficiency and relative strength agree. Move to management, catalyst and risk diligence.
2Laxmi Dental LtdLAXMIDENTL	48.8/100Mixed-negative evidence74% evidence	TURNING	23.1/35 Revenue 15.8% · PAT -9.4% · OPM change 2 pp 95% evidence	11.8/25 ROCE 14.9% · OPM 18% 95% evidence	10.3/20 P/E 35× · PEG — 15% evidence	3.6/20 RS sector -18.5% · RS bench -16.5% · 1Y -53.6%11 of 11 weeks ahead 70% evidence
Exact sum: 23.1 + 11.8 + 10.3 + 3.6 = 48.8 · Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -18.5% and the one-year return is -53.6%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth.
3Poly Medicure LtdPOLYMED	40.9/100Mixed-negative evidence94% evidence	TURNING	12.6/35 Revenue 12.3% · PAT -5% · OPM change -6 pp 100% evidence	11.6/25 ROCE 14% · OPM 21% 100% evidence	4.3/20 P/E 52.7× · PEG 3.87 100% evidence	12.4/20 RS sector 1.7% · RS bench 0.2% · 1Y -17.3%9 of 10 weeks ahead 70% evidence
Exact sum: 12.6 + 11.6 + 4.3 + 12.4 = 40.9 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
4Tarsons Products LtdTARSONS	33.5/100Adverse evidence81% evidence	TURNING	8.4/35 Revenue 7.7% · PAT -51.9% · OPM change -4.5 pp 95% evidence	8.4/25 ROCE 4.6% · OPM 28.3% 95% evidence	5.4/20 P/E 111× · PEG — 50% evidence	11.3/20 RS sector -3.9% · RS bench 25.5% · 1Y -15.9%9 of 10 weeks ahead 70% evidence
Exact sum: 8.4 + 8.4 + 5.4 + 11.3 = 33.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
5Vasa Denticity LtdDENTALKART	23.0/100Adverse evidence81% evidence	ASLEEP	6.7/35 Revenue 12.1% · PAT -41.4% · OPM change -8.4 pp 95% evidence	4.8/25 ROCE 8.6% · OPM 0.4% 95% evidence	7.0/20 P/E 66.7× · PEG — 50% evidence	4.5/20 RS sector -6% · RS bench -23.5% · 1Y -35.4%2 of 10 weeks ahead 70% evidence
Exact sum: 6.7 + 4.8 + 7 + 4.5 = 23 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
6Hemant Surgical Industries Ltd543916	56.6/100Thin evidence · provisional31% evidence	BREAKING OUT	18.1/35 Revenue — · PAT — · OPM change 0 pp 10% evidence	15.7/25 ROCE 19.6% · OPM 9% 76% evidence	10.9/20 P/E 30.1× · PEG — 15% evidence	11.9/20 RS sector — · RS bench 19.2% · 1Y —6 of 6 weeks ahead 25% evidence
Exact sum: 18.1 + 15.7 + 10.9 + 11.9 = 56.6 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

05 · what price has already done

Market action

Tarsons Products Ltd has the strongest one-year price move in Medical Equipment at -15.9%. It also leads on Mansfield relative strength against NIFTY at +25.5%. 3 of 6 covered companies are above zero on that measure. Every line covers 313 weekly closes through 2026-07-31.

Price and relative strength

Every company, the sector's own index and NIFTY 500 all start level on the left edge of the window, so only the distance between the lines counts — the highest line has risen the most since then, and the chart at the top of this page is drawn the same way. It opens on one year; the buttons beside it stretch that to three or five.

06 · compare level, then change

Revenue Scale & Growth Durability

Poly Medicure Ltd has the highest Revenue among the 6 Medical Equipment companies compared here, at ₹1,876 crore. Tarsons Products Ltd is next at ₹423 crore. Prevest Denpro Ltd has the highest Revenue growth at 17.3%, so level and change sit with different companies. 5 of 6 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Poly Medicure Ltd is the scale leader at ₹1,876 crore, 344% ahead of Tarsons Products Ltd. Prevest Denpro Ltd's growth is 17.3% from a ₹71 crore base, with 13 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.

LeaderPoly Medicure Ltd · ₹1,876 crore

Gap344% versus #2 · Tarsons Products Ltd

Persistence8/8 recent comparable periods

Coverage5/6 companies · 71 observations

Investor read: Poly Medicure Ltd is the scale benchmark; Prevest Denpro Ltd is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns.

This conclusion weakens if: Poly Medicure Ltd's growth falls below Prevest Denpro Ltd's for two consecutive comparable reports while operating margin also compresses.

Revenue is compared on a common reported-currency basis. Growth is year-on-year, so seasonality does not masquerade as progress.

Revenuelargest

1Poly Medicure Ltd POLYMED₹1.9K Cr

2Tarsons Products Ltd TARSONS⚠ unverified₹423 Cr

3Vasa Denticity Ltd DENTALKART⚠ unverified₹279 Cr

4Laxmi Dental Ltd LAXMIDENTL⚠ unverified₹278 Cr

5Prevest Denpro Ltd PREVEST₹71 Cr

Revenue growthfastest growers

1Prevest Denpro Ltd PREVEST17%

2Laxmi Dental Ltd LAXMIDENTL⚠ unverified16%

3Poly Medicure Ltd POLYMED12%

4Vasa Denticity Ltd DENTALKART⚠ unverified12%

5Tarsons Products Ltd TARSONS⚠ unverified7.7%

Revenue · company comparison

5/6 level · 5/6 change

On every company-comparison chart on this page: solid lines show level, dotted lines show change when “Both” is selected, and a missing report breaks the line rather than being invented.

All-company data · latest reported quarter

In every all-company table on this page, each figure is the company’s latest single reported quarter. The rankings above them use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

Company	Revenue	Revenue growth	Reported
Poly Medicure Ltd POLYMED	₹535 Cr	21%	Mar 2026
Hemant Surgical Industries Ltd 543916	₹167 Cr	188%	Mar 2026
Tarsons Products Ltd TARSONS⚠ unverified	₹121 Cr	7.3%	Mar 2026
Laxmi Dental Ltd LAXMIDENTL⚠ unverified	₹74 Cr	21%	Mar 2026
Vasa Denticity Ltd DENTALKART⚠ unverified	₹73 Cr	0.3%	Mar 2026
Prevest Denpro Ltd PREVEST	₹18 Cr	23%	Dec 2025

Full 20-quarter history · every available company

Revenue · reported quarter history

Hemant Surgical Industries Ltd · 543916

Jun 2021—

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025₹58 Cr

Jun 2025—

Sep 2025₹65 Cr

Dec 2025—

Mar 2026₹167 Cr

Laxmi Dental Ltd · LAXMIDENTL⚠ unverified

Jun 2021—

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023₹48 Cr

Mar 2024₹55 Cr

Jun 2024₹60 Cr

Sep 2024₹57 Cr

Dec 2024₹62 Cr

Mar 2025₹61 Cr

Jun 2025₹66 Cr

Sep 2025₹72 Cr

Dec 2025₹66 Cr

Mar 2026₹74 Cr

Poly Medicure Ltd · POLYMED

Jun 2021₹212 Cr

Sep 2021₹223 Cr

Dec 2021₹230 Cr

Mar 2022₹257 Cr

Jun 2022₹249 Cr

Sep 2022₹275 Cr

Dec 2022₹285 Cr

Mar 2023₹307 Cr

Jun 2023₹321 Cr

Sep 2023₹337 Cr

Dec 2023₹340 Cr

Mar 2024₹378 Cr

Jun 2024₹385 Cr

Sep 2024₹420 Cr

Dec 2024₹424 Cr

Mar 2025₹441 Cr

Jun 2025₹403 Cr

Sep 2025₹444 Cr

Dec 2025₹494 Cr

Mar 2026₹535 Cr

Prevest Denpro Ltd · PREVEST

Jun 2021—

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022₹12 Cr

Mar 2023₹14 Cr

Jun 2023₹13 Cr

Sep 2023₹13 Cr

Dec 2023₹14 Cr

Mar 2024₹16 Cr

Jun 2024₹13 Cr

Sep 2024₹16 Cr

Dec 2024₹15 Cr

Mar 2025₹19 Cr

Jun 2025₹16 Cr

Sep 2025₹19 Cr

Dec 2025₹18 Cr

Mar 2026—

Tarsons Products Ltd · TARSONS⚠ unverified

Jun 2021₹69 Cr

Sep 2021₹76 Cr

Dec 2021₹71 Cr

Mar 2022₹85 Cr

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023₹62 Cr

Mar 2024₹106 Cr

Jun 2024₹85 Cr

Sep 2024₹99 Cr

Dec 2024₹96 Cr

Mar 2025₹113 Cr

Jun 2025₹91 Cr

Sep 2025₹102 Cr

Dec 2025₹108 Cr

Mar 2026₹121 Cr

Vasa Denticity Ltd · DENTALKART⚠ unverified

Jun 2021—

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023₹41 Cr

Dec 2023₹37 Cr

Mar 2024₹57 Cr

Jun 2024₹54 Cr

Sep 2024₹59 Cr

Dec 2024₹63 Cr

Mar 2025₹73 Cr

Jun 2025₹61 Cr

Sep 2025₹73 Cr

Dec 2025₹72 Cr

Mar 2026₹73 Cr

Revenue growth · reported quarter history

Hemant Surgical Industries Ltd · 543916

Jun 2021—

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025—

Jun 2025—

Sep 2025—

Dec 2025—

Mar 2026188%

Laxmi Dental Ltd · LAXMIDENTL⚠ unverified

Jun 2021—

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 202429%

Mar 202511%

Jun 202510%

Sep 202526%

Dec 20256.5%

Mar 202621%

Poly Medicure Ltd · POLYMED

Jun 2021—

Sep 2021—

Dec 2021—

Mar 2022—

Jun 202217%

Sep 202223%

Dec 202224%

Mar 202319%

Jun 202329%

Sep 202323%

Dec 202319%

Mar 202423%

Jun 202420%

Sep 202425%

Dec 202425%

Mar 202517%

Jun 20254.7%

Sep 20255.7%

Dec 202517%

Mar 202621%

Prevest Denpro Ltd · PREVEST

Jun 2021—

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 202311%

Mar 202418%

Jun 2024-0.4%

Sep 202423%

Dec 20249.6%

Mar 202514%

Jun 202518%

Sep 202515%

Dec 202523%

Mar 2026—

Tarsons Products Ltd · TARSONS⚠ unverified

Jun 2021—

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 202455%

Mar 20256.6%

Jun 20257.7%

Sep 20253.1%

Dec 202513%

Mar 20267.3%

Vasa Denticity Ltd · DENTALKART⚠ unverified

Jun 2021—

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 202446%

Dec 202471%

Mar 202528%

Jun 202513%

Sep 202523%

Dec 202515%

Mar 20260.3%

07 · compare level, then change

Operating Economics & Margin Trend

Prevest Denpro Ltd has the highest OPM among the 6 Medical Equipment companies compared here, at 33.9%. Tarsons Products Ltd is next at 28.3%. Laxmi Dental Ltd has the highest Margin change at +2 percentage points, so level and change sit with different companies. 6 of 6 companies report a comparable reading, the latest through Dec 2025.

What the numbers say: Prevest Denpro Ltd leads opm at 33.9%; Laxmi Dental Ltd leads margin change at +2 percentage points.

LeaderPrevest Denpro Ltd · 33.9%

Gap19.8% versus #2 · Tarsons Products Ltd

Persistence4/8 recent comparable periods

Coverage6/6 companies · 84 observations

Investor read: Prevest Denpro Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current margin change signal.

Operating margin compares operating profit with revenue. Improvement is measured in percentage points, not percentage growth.

OPMhighest

1Prevest Denpro Ltd PREVEST34%

2Tarsons Products Ltd TARSONS⚠ unverified28%

3Poly Medicure Ltd POLYMED21%

4Laxmi Dental Ltd LAXMIDENTL⚠ unverified18%

5Hemant Surgical Industries Ltd 5439169.0%

Margin changefastest expanders

1Laxmi Dental Ltd LAXMIDENTL⚠ unverified+2.0 pp

2Hemant Surgical Industries Ltd 5439160.0 pp

3Prevest Denpro Ltd PREVEST−0.6 pp

4Tarsons Products Ltd TARSONS⚠ unverified−4.5 pp

5Poly Medicure Ltd POLYMED−6.0 pp

Operating margin · company comparison

6/6 level · 6/6 change

All-company data · latest reported quarter

Company	OPM	Margin change	Reported
Prevest Denpro Ltd PREVEST	34%	−0.6 pp	Dec 2025
Tarsons Products Ltd TARSONS⚠ unverified	28%	−4.5 pp	Mar 2026
Poly Medicure Ltd POLYMED	21%	−6.0 pp	Mar 2026
Laxmi Dental Ltd LAXMIDENTL⚠ unverified	18%	+2.0 pp	Mar 2026
Hemant Surgical Industries Ltd 543916	9.0%	0.0 pp	Mar 2026
Vasa Denticity Ltd DENTALKART⚠ unverified	0.4%	−8.4 pp	Mar 2026

Full 20-quarter history · every available company

OPM · reported quarter history

Hemant Surgical Industries Ltd · 543916

Jun 2021—

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 20228.0%

Dec 2022—

Mar 202311%

Jun 2023—

Sep 20236.6%

Dec 2023—

Mar 202413%

Jun 2024—

Sep 20247.2%

Dec 2024—

Mar 20259.0%

Jun 2025—

Sep 202512%

Dec 2025—

Mar 20269.0%

Laxmi Dental Ltd · LAXMIDENTL⚠ unverified

Jun 2021—

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 20238.0%

Mar 202421%

Jun 202423%

Sep 202415%

Dec 202416%

Mar 202516%

Jun 202518%

Sep 202515%

Dec 202511%

Mar 202618%

Poly Medicure Ltd · POLYMED

Jun 202126%

Sep 202123%

Dec 202122%

Mar 202222%

Jun 202219%

Sep 202224%

Dec 202225%

Mar 202327%

Jun 202327%

Sep 202325%

Dec 202327%

Mar 202426%

Jun 202427%

Sep 202427%

Dec 202427%

Mar 202527%

Jun 202526%

Sep 202526%

Dec 202523%

Mar 202621%

Prevest Denpro Ltd · PREVEST

Jun 2021—

Sep 202141%

Dec 202143%

Mar 202231%

Jun 202237%

Sep 202239%

Dec 202241%

Mar 202341%

Jun 202337%

Sep 202334%

Dec 202333%

Mar 202436%

Jun 202434%

Sep 202436%

Dec 202434%

Mar 202536%

Jun 202535%

Sep 202536%

Dec 202534%

Mar 2026—

Tarsons Products Ltd · TARSONS⚠ unverified

Jun 202153%

Sep 202151%

Dec 202147%

Mar 202252%

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 202337%

Mar 202429%

Jun 202422%

Sep 202426%

Dec 202431%

Mar 202533%

Jun 202527%

Sep 202527%

Dec 202529%

Mar 202628%

Vasa Denticity Ltd · DENTALKART⚠ unverified

Jun 2021—

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 20227.5%

Dec 2022—

Mar 20239.2%

Jun 20239.2%

Sep 20238.8%

Dec 20239.4%

Mar 202414%

Jun 20248.6%

Sep 202411%

Dec 20248.8%

Mar 20258.8%

Jun 20255.0%

Sep 20258.0%

Dec 20252.4%

Mar 20260.4%

Margin change · reported quarter history

Hemant Surgical Industries Ltd · 543916

Jun 2021—

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023−1.5 pp

Dec 2023—

Mar 2024+1.7 pp

Jun 2024—

Sep 2024+0.7 pp

Dec 2024—

Mar 2025−3.7 pp

Jun 2025—

Sep 2025+4.8 pp

Dec 2025—

Mar 20260.0 pp

Laxmi Dental Ltd · LAXMIDENTL⚠ unverified

Jun 2021—

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024+8.0 pp

Mar 2025−5.0 pp

Jun 2025−5.0 pp

Sep 20250.0 pp

Dec 2025−5.0 pp

Mar 2026+2.0 pp

Poly Medicure Ltd · POLYMED

Jun 2021−0.8 pp

Sep 2021−5.5 pp

Dec 2021−6.2 pp

Mar 2022−3.8 pp

Jun 2022−7.4 pp

Sep 2022+0.8 pp

Dec 2022+2.8 pp

Mar 2023+5.4 pp

Jun 2023+8.3 pp

Sep 2023+1.5 pp

Dec 2023+2.0 pp

Mar 2024−1.0 pp

Jun 20240.0 pp

Sep 2024+2.0 pp

Dec 20240.0 pp

Mar 2025+1.0 pp

Jun 2025−1.0 pp

Sep 2025−1.0 pp

Dec 2025−4.0 pp

Mar 2026−6.0 pp

Prevest Denpro Ltd · PREVEST

Jun 2021—

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022−2.3 pp

Dec 2022−2.4 pp

Mar 2023+9.6 pp

Jun 2023+0.1 pp

Sep 2023−4.7 pp

Dec 2023−7.7 pp

Mar 2024−4.5 pp

Jun 2024−3.4 pp

Sep 2024+1.6 pp

Dec 2024+1.6 pp

Mar 2025−0.5 pp

Jun 2025+1.5 pp

Sep 2025+0.2 pp

Dec 2025−0.6 pp

Mar 2026—

Tarsons Products Ltd · TARSONS⚠ unverified

Jun 2021+25.7 pp

Sep 2021—

Dec 2021−4.0 pp

Mar 2022+0.6 pp

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024−6.1 pp

Mar 2025+4.3 pp

Jun 2025+4.9 pp

Sep 2025+1.3 pp

Dec 2025−1.8 pp

Mar 2026−4.5 pp

Vasa Denticity Ltd · DENTALKART⚠ unverified

Jun 2021—

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023+1.2 pp

Dec 2023—

Mar 2024+5.1 pp

Jun 2024−0.6 pp

Sep 2024+2.0 pp

Dec 2024−0.6 pp

Mar 2025−5.5 pp

Jun 2025−3.6 pp

Sep 2025−2.8 pp

Dec 2025−6.4 pp

Mar 2026−8.4 pp

08 · compare level, then change

Profit Scale & Acceleration

Poly Medicure Ltd has the highest Net profit among the 6 Medical Equipment companies compared here, at ₹321 crore. Laxmi Dental Ltd is next at ₹29 crore. Prevest Denpro Ltd has the highest Profit growth at 17%, so level and change sit with different companies. 5 of 6 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Poly Medicure Ltd leads with ₹321 crore of TTM profit, 11.1× the profit of Laxmi Dental Ltd. Prevest Denpro Ltd shows 17% growth from a ₹21 crore profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.

LeaderPoly Medicure Ltd · ₹321 crore

Gap11.1× versus #2 · Laxmi Dental Ltd

Persistence6/8 recent comparable periods

Coverage5/6 companies · 71 observations

Investor read: Poly Medicure Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current profit growth signal.

Net profit is the residual after operating costs, interest and tax. Growth off a loss or near-zero base is excluded from the fastest-grower rank.

Net profitlargest

1Poly Medicure Ltd POLYMED₹321 Cr

2Laxmi Dental Ltd LAXMIDENTL⚠ unverified₹29 Cr

3Prevest Denpro Ltd PREVEST₹21 Cr

4Tarsons Products Ltd TARSONS⚠ unverified₹14 Cr

5Vasa Denticity Ltd DENTALKART⚠ unverified₹10 Cr

Profit growthfastest growers

1Prevest Denpro Ltd PREVEST17%

2Poly Medicure Ltd POLYMED-5.0%

3Laxmi Dental Ltd LAXMIDENTL⚠ unverified-9.4%

4Vasa Denticity Ltd DENTALKART⚠ unverified-41%

5Tarsons Products Ltd TARSONS⚠ unverified-52%

Net profit · company comparison

5/6 level · 5/6 change

All-company data · latest reported quarter

Company	Net profit	Profit growth	Reported
Poly Medicure Ltd POLYMED	₹65 Cr	-29%	Mar 2026
Hemant Surgical Industries Ltd 543916	₹13 Cr	160%	Mar 2026
Laxmi Dental Ltd LAXMIDENTL⚠ unverified	₹10 Cr	150%	Mar 2026
Prevest Denpro Ltd PREVEST	₹5 Cr	15%	Dec 2025
Tarsons Products Ltd TARSONS⚠ unverified	₹4 Cr	-59%	Mar 2026
Vasa Denticity Ltd DENTALKART⚠ unverified	₹1 Cr	-70%	Mar 2026

Full 20-quarter history · every available company

Net profit · reported quarter history

Hemant Surgical Industries Ltd · 543916

Jun 2021—

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025₹5 Cr

Jun 2025—

Sep 2025₹5 Cr

Dec 2025—

Mar 2026₹13 Cr

Laxmi Dental Ltd · LAXMIDENTL⚠ unverified

Jun 2021—

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023₹2 Cr

Mar 2024₹8 Cr

Jun 2024₹17 Cr

Sep 2024₹6 Cr

Dec 2024₹5 Cr

Mar 2025₹4 Cr

Jun 2025₹8 Cr

Sep 2025₹9 Cr

Dec 2025₹2 Cr

Mar 2026₹10 Cr

Poly Medicure Ltd · POLYMED

Jun 2021₹38 Cr

Sep 2021₹38 Cr

Dec 2021₹35 Cr

Mar 2022₹36 Cr

Jun 2022₹27 Cr

Sep 2022₹43 Cr

Dec 2022₹50 Cr

Mar 2023₹59 Cr

Jun 2023₹63 Cr

Sep 2023₹62 Cr

Dec 2023₹65 Cr

Mar 2024₹68 Cr

Jun 2024₹74 Cr

Sep 2024₹87 Cr

Dec 2024₹85 Cr

Mar 2025₹92 Cr

Jun 2025₹93 Cr

Sep 2025₹92 Cr

Dec 2025₹71 Cr

Mar 2026₹65 Cr

Prevest Denpro Ltd · PREVEST

Jun 2021—

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022₹4 Cr

Mar 2023₹5 Cr

Jun 2023₹4 Cr

Sep 2023₹4 Cr

Dec 2023₹4 Cr

Mar 2024₹5 Cr

Jun 2024₹4 Cr

Sep 2024₹5 Cr

Dec 2024₹4 Cr

Mar 2025₹5 Cr

Jun 2025₹5 Cr

Sep 2025₹6 Cr

Dec 2025₹5 Cr

Mar 2026—

Tarsons Products Ltd · TARSONS⚠ unverified

Jun 2021₹25 Cr

Sep 2021₹25 Cr

Dec 2021₹21 Cr

Mar 2022₹29 Cr

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023₹10 Cr

Mar 2024₹10 Cr

Jun 2024₹4 Cr

Sep 2024₹10 Cr

Dec 2024₹5 Cr

Mar 2025₹10 Cr

Jun 2025₹2 Cr

Sep 2025₹3 Cr

Dec 2025₹5 Cr

Mar 2026₹4 Cr

Vasa Denticity Ltd · DENTALKART⚠ unverified

Jun 2021—

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023₹4 Cr

Dec 2023₹2 Cr

Mar 2024₹6 Cr

Jun 2024₹3 Cr

Sep 2024₹5 Cr

Dec 2024₹4 Cr

Mar 2025₹4 Cr

Jun 2025₹3 Cr

Sep 2025₹5 Cr

Dec 2025₹1 Cr

Mar 2026₹1 Cr

Profit growth · reported quarter history

Hemant Surgical Industries Ltd · 543916

Jun 2021—

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025—

Jun 2025—

Sep 2025—

Dec 2025—

Mar 2026160%

Laxmi Dental Ltd · LAXMIDENTL⚠ unverified

Jun 2021—

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024150%

Mar 2025-50%

Jun 2025-53%

Sep 202550%

Dec 2025-60%

Mar 2026150%

Poly Medicure Ltd · POLYMED

Jun 2021—

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022-29%

Sep 202213%

Dec 202243%

Mar 202364%

Jun 2023133%

Sep 202344%

Dec 202330%

Mar 202415%

Jun 202417%

Sep 202440%

Dec 202431%

Mar 202535%

Jun 202526%

Sep 20255.8%

Dec 2025-16%

Mar 2026-29%

Prevest Denpro Ltd · PREVEST

Jun 2021—

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 20231.4%

Mar 2024-8.8%

Jun 2024-11%

Sep 202429%

Dec 202423%

Mar 202513%

Jun 202527%

Sep 202515%

Dec 202515%

Mar 2026—

Tarsons Products Ltd · TARSONS⚠ unverified

Jun 2021—

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024-47%

Mar 2025-1.2%

Jun 2025-56%

Sep 2025-68%

Dec 2025-4.2%

Mar 2026-59%

Vasa Denticity Ltd · DENTALKART⚠ unverified

Jun 2021—

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 202444%

Dec 202463%

Mar 2025-35%

Jun 2025-21%

Sep 2025-14%

Dec 2025-66%

Mar 2026-70%

09 · compare level, then change

Return On Capital Employed

Prevest Denpro Ltd has the highest ROCE among the 6 Medical Equipment companies compared here, at 25.2%. Hemant Surgical Industries Ltd is next at 19.6%. Laxmi Dental Ltd has the highest ROCE change at -1.4 percentage points, so level and change sit with different companies. 6 of 6 companies report a comparable reading, the latest through Dec 2025.

What the numbers say: Prevest Denpro Ltd leads ROCE at 25.2%, 5.6 percentage points above Hemant Surgical Industries Ltd. Laxmi Dental Ltd has the strongest latest improvement at -1.4 percentage points. Read the leader beside the density of its reported history: a sparse high return is a candidate; a repeated high return is evidence of durability.

LeaderPrevest Denpro Ltd · 25.2%

Gap28.6% versus #2 · Hemant Surgical Industries Ltd

PersistenceNot enough history

Coverage6/6 companies · 47 observations

Investor read: Prevest Denpro Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current roce change signal.

ROCE asks how much operating return the business earns on the capital employed. Direction matters, but a single exceptional year should not be mistaken for durability.

ROCEhighest

1Prevest Denpro Ltd PREVEST25%

2Hemant Surgical Industries Ltd 54391620%

3Laxmi Dental Ltd LAXMIDENTL⚠ unverified15%

4Poly Medicure Ltd POLYMED14%

5Vasa Denticity Ltd DENTALKART⚠ unverified8.6%

ROCE changefastest improvers

1Laxmi Dental Ltd LAXMIDENTL⚠ unverified−1.4 pp

2Prevest Denpro Ltd PREVEST−2.0 pp

3Tarsons Products Ltd TARSONS⚠ unverified−2.6 pp

4Poly Medicure Ltd POLYMED−3.4 pp

5Vasa Denticity Ltd DENTALKART⚠ unverified−10.8 pp

Return on capital · company comparison

6/6 level · 5/6 change

All-company data · latest reported quarter

Company	ROCE	ROCE change	Reported
Laxmi Dental Ltd LAXMIDENTL⚠ unverified	11%	−1.4 pp	Mar 2026
Poly Medicure Ltd POLYMED	9.8%	−3.4 pp	Mar 2026
Vasa Denticity Ltd DENTALKART⚠ unverified	5.0%	−10.8 pp	Mar 2026
Tarsons Products Ltd TARSONS⚠ unverified	2.3%	−2.6 pp	Mar 2026

Full 20-quarter history · every available company

ROCE · reported quarter history

Laxmi Dental Ltd · LAXMIDENTL⚠ unverified

Jun 2021—

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 202415%

Jun 2024—

Sep 202427%

Dec 202440%

Mar 202512%

Jun 202520%

Sep 202511%

Dec 202515%

Mar 202611%

Poly Medicure Ltd · POLYMED

Jun 2021—

Sep 202115%

Dec 2021—

Mar 202214%

Jun 2022—

Sep 202214%

Dec 2022—

Mar 202317%

Jun 2023—

Sep 202320%

Dec 202326%

Mar 202420%

Jun 202427%

Sep 202413%

Dec 202422%

Mar 202513%

Jun 202523%

Sep 202512%

Dec 202517%

Mar 20269.8%

Tarsons Products Ltd · TARSONS⚠ unverified

Jun 202136%

Sep 2021—

Dec 2021—

Mar 202226%

Jun 2022—

Sep 202221%

Dec 2022—

Mar 202315%

Jun 2023—

Sep 202312%

Dec 2023—

Mar 20246.5%

Jun 2024—

Sep 20244.8%

Dec 20248.5%

Mar 20254.9%

Jun 20257.4%

Sep 20253.8%

Dec 20256.1%

Mar 20262.3%

Vasa Denticity Ltd · DENTALKART⚠ unverified

Jun 2021—

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 202316%

Jun 2023—

Sep 202315%

Dec 2023—

Mar 202425%

Jun 202448%

Sep 202427%

Dec 202437%

Mar 202516%

Jun 202522%

Sep 202511%

Dec 202514%

Mar 20265.0%

ROCE change · reported quarter history

Laxmi Dental Ltd · LAXMIDENTL⚠ unverified

Jun 2021—

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025−3.2 pp

Jun 2025—

Sep 2025−16.2 pp

Dec 2025−25.0 pp

Mar 2026−1.4 pp

Poly Medicure Ltd · POLYMED

Jun 2021—

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022−1.4 pp

Dec 2022—

Mar 2023+2.7 pp

Jun 2023—

Sep 2023+5.8 pp

Dec 2023—

Mar 2024+3.1 pp

Jun 2024—

Sep 2024−6.9 pp

Dec 2024−4.7 pp

Mar 2025−6.5 pp

Jun 2025−4.0 pp

Sep 2025−0.9 pp

Dec 2025−4.8 pp

Mar 2026−3.4 pp

Tarsons Products Ltd · TARSONS⚠ unverified

Jun 2021—

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023−10.4 pp

Jun 2023—

Sep 2023−9.3 pp

Dec 2023—

Mar 2024−8.8 pp

Jun 2024—

Sep 2024−6.8 pp

Dec 2024—

Mar 2025−1.6 pp

Jun 2025—

Sep 2025−1.0 pp

Dec 2025−2.4 pp

Mar 2026−2.6 pp

Vasa Denticity Ltd · DENTALKART⚠ unverified

Jun 2021—

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024+8.8 pp

Jun 2024—

Sep 2024+12.3 pp

Dec 2024—

Mar 2025−9.4 pp

Jun 2025−26.1 pp

Sep 2025−16.4 pp

Dec 2025−22.5 pp

Mar 2026−10.8 pp

10 · compare level, then change

Valuation Against Growth & Quality

Poly Medicure Ltd has the lowest PEG among the 6 Medical Equipment companies compared here, at 3.87×. Prevest Denpro Ltd has the lowest P/E at 24.8×, so level and change sit with different companies. 1 of 6 companies report a comparable reading, the latest through Mar 2026. Its PEG series carries 16 reported observations across the 20-quarter window.

What the numbers say: Poly Medicure Ltd has the lowest comparable PEG at 3.87×. Only 1 of 6 companies have earnings and growth steady enough for the ratio to mean anything, so no broad “cheapest stock” conclusion is defensible unless the current multiple, own-history position and growth durability agree.

LeaderPoly Medicure Ltd · 3.87×

GapNot enough peers

Persistence0/8 recent comparable periods

Coverage1/6 companies · 16 observations

Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.

This conclusion weakens if: The next two comparable reports reverse the current p/e signal.

PEG is shown only when earnings are positive and three-year EPS growth is between 5% and 60%. It is recomputed consistently as the trailing P/E divided by that growth rate — reported earnings, never an expected-earnings multiple. On Indian companies it is shown only where the two data feeds agreed. Where any of that fails the ratio is left out rather than printed: a P/E divided by a loss, or by growth measured off a tiny base, is a number that looks precise and means nothing.

PEGlowest PEG

1Poly Medicure Ltd POLYMED3.9

P/Elowest P/E

1Prevest Denpro Ltd PREVEST24.8

2Hemant Surgical Industries Ltd 54391630.1

3Laxmi Dental Ltd LAXMIDENTL⚠ unverified35.0

4Poly Medicure Ltd POLYMED52.7

5Vasa Denticity Ltd DENTALKART⚠ unverified66.7

Valuation · company comparison

1/6 level · 6/6 change

All-company data · latest reported quarter

Company	PEG	P/E	Reported
Poly Medicure Ltd POLYMED	3.9	35.4	Mar 2026
Hemant Surgical Industries Ltd 543916	—	27.5	Mar 2026
Tarsons Products Ltd TARSONS⚠ unverified	—	44.3	Mar 2026
Laxmi Dental Ltd LAXMIDENTL⚠ unverified	—	33.1	Mar 2026
Vasa Denticity Ltd DENTALKART⚠ unverified	—	45.5	Mar 2026
Prevest Denpro Ltd PREVEST	—	28.8	Dec 2025

Full 20-quarter history · every available company

PEG · reported quarter history

Poly Medicure Ltd · POLYMED

Jun 20212.2

Sep 20211.6

Dec 20212.1

Mar 20223.7

Jun 2022—

Sep 2022—

Dec 20221.4

Mar 2023—

Jun 20232.8

Sep 20231.1

Dec 20232.0

Mar 20241.0

Jun 20241.6

Sep 20243.2

Dec 20243.5

Mar 20253.1

Jun 20252.5

Sep 2025—

Dec 20252.7

Mar 20263.9

P/E · reported quarter history

Hemant Surgical Industries Ltd · 543916

Jun 2021—

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025—

Jun 2025—

Sep 202542.9

Dec 2025—

Mar 202627.5

Laxmi Dental Ltd · LAXMIDENTL⚠ unverified

Jun 2021—

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 20251.6

Jun 202554.6

Sep 202560.1

Dec 202557.5

Mar 202633.1

Poly Medicure Ltd · POLYMED

Jun 202165.7

Sep 202160.0

Dec 202160.0

Mar 202254.5

Jun 202248.8

Sep 202261.1

Dec 202261.0

Mar 202358.3

Jun 202361.5

Sep 202361.3

Dec 202361.2

Mar 202461.3

Jun 202471.7

Sep 202481.0

Dec 202483.6

Mar 202570.4

Jun 202563.5

Sep 202555.5

Dec 202549.2

Mar 202635.4

Prevest Denpro Ltd · PREVEST

Jun 2021—

Sep 2021—

Dec 20211.7

Mar 20221.5

Jun 202228.2

Sep 202240.7

Dec 202232.7

Mar 202325.6

Jun 202339.2

Sep 202333.9

Dec 202330.4

Mar 202425.6

Jun 202437.1

Sep 202445.9

Dec 202444.4

Mar 202531.9

Jun 202535.4

Sep 202536.3

Dec 202528.8

Mar 2026—

Tarsons Products Ltd · TARSONS⚠ unverified

Jun 2021—

Sep 2021—

Dec 20210.2

Mar 20220.2

Jun 202236.1

Sep 202243.1

Dec 202236.7

Mar 202328.1

Jun 202331.9

Sep 202327.8

Dec 202327.9

Mar 202420.8

Jun 202426.4

Sep 202454.7

Dec 202465.3

Mar 202553.7

Jun 202568.8

Sep 202559.4

Dec 202559.8

Mar 202644.3

Vasa Denticity Ltd · DENTALKART⚠ unverified

Jun 2021—

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 202391.8

Sep 202376.9

Dec 202387.7

Mar 202452.1

Jun 202463.5

Sep 202468.7

Dec 202466.8

Mar 202552.7

Jun 202561.5

Sep 202562.0

Dec 202560.3

Mar 202645.5

11 · before the conclusion, check the blind spots

What can make this comparison misleading?

This Medical Equipment comparison names 6 specific ways its own evidence can mislead, all listed below. All 6 companies here report on comparable dates, so no rank carries a stale marker. 3 draw at least one figure from a second feed with too little overlap to cross-check. 1 of the 5 ranked sections has fewer than three usable current readings.

Keep these limits visible

A high growth rate can be a low-base artefact. The page keeps level and change separate for that reason.
A high ROCE can be temporary or flattered by a small capital base. Read it beside margin, cash conversion and reinvestment.
The 4-Factor Sector Score ranks research priority, not portfolio action. Management quality, catalysts and risks need equally fresh evidence before capital is deployed.
An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion.
3 companies draw at least one figure from a second data feed with too little overlapping history to cross-check against the primary source; they are marked unverified wherever those figures appear.
Thin comparisons: Valuation have fewer than three usable current readings.

12 · evidence and freshness

How was this comparison built?

This comparison is built from the reported filings of 6 Medical Equipment companies, normalized to a common ₹ scale and a shared quarter axis of up to 20 quarters each. Fundamentals run through Mar 2026 and market data through 2026-07-31. A second data feed fills gaps only after identity and scale reconciliation, and missing observations are never interpolated.

FundamentalsThrough Mar 2026 · up to 20 quarters per company

Market dataThrough 2026-07-31 · weekly price and relative-strength history

Derived metricsGrowth, changes and PEG are calculated only when their inputs are comparable.

Score confidenceMissing and stale evidence reduces confidence and pulls the 0–100 research-priority score toward neutral.

Source standing1 cross-checked · 5 unverified · 0 withheld, of 6 graded companies.

How a second data feed is admitted, and what happens when it disagrees

A second feed is read only after its reported income is matched against the primary source on at least three overlapping periods. Where the two agree the figures fill silently. Where there is too little shared history to compare, the figures are still drawn — they are the only evidence there is — and marked ⚠ unverified everywhere they appear. Where the two are known to disagree, nothing from the second feed is drawn and the affected company is named under the chart it is missing from.

13 · questions investors ask, short speakable answers

Medical Equipment company comparison FAQs

These 24 answers restate the Medical Equipment comparison above in question form. Every one is computed from the same 6 companies and the same reported filings as the rankings and charts, current through Mar 2026. Price and relative-strength answers run through 2026-07-31. Nothing here is estimated, and none of it is a recommendation.

Is the Medical Equipment sector outperforming NIFTY 500?

Medical Equipment has underperformed NIFTY 500 by 19% over 52 weeks and 15.4% over 13 weeks. 3 of 6 covered companies beat NIFTY on Mansfield relative strength, while 2 of 5 beat the sector itself.

Which Medical Equipment company is largest by revenue?

Poly Medicure Ltd leads with revenue of ₹1,876 crore, based on 5 of 6 comparable companies through Mar 2026.

Which Medical Equipment company is growing fastest?

Prevest Denpro Ltd has the fastest current revenue growth at 17.3%, across 5 of 6 comparable companies.

Which Medical Equipment company has the strongest 4-Factor Sector Score?

Prevest Denpro Ltd ranks first at 71.3/100 with 72.1% evidence confidence. The score prioritizes research; it is not a buy recommendation.

Which Medical Equipment company has the lowest comparable PEG?

Poly Medicure Ltd has the lowest comparable PEG at 3.87, among 1 of 6 companies whose earnings and growth are steady enough for the ratio to mean anything.

How much history does this Medical Equipment comparison include?

The page compares up to 20 reported quarters per company for fundamentals, returns and valuation, ending Mar 2026. Missing observations remain blank rather than being estimated.

How is the 4-Factor Sector Score calculated?

The four visible contributions add directly: growth and earnings up to 35 points, capital efficiency up to 25, valuation up to 20, and relative strength up to 20. Missing or stale evidence moves only the affected contribution toward neutral.

What is the Nifty Medical Equipment index?

The Nifty Medical Equipment index tracks India's listed Medical Equipment companies as a single basket. This page follows the same 6 companies and equal-weights them, so every company's weekly return counts once whatever it is worth, and the reading belongs to the Medical Equipment sector rather than to its largest constituent. Figures are as of Mar 2026.

Which are the best Medical Equipment stocks in India?

Ranked by this page's four-factor score, Prevest Denpro Ltd places first among 6 listed Medical Equipment companies, followed by Laxmi Dental Ltd. That is a ranking of published data — earnings, quality, valuation and market behaviour as of Mar 2026 — and not a recommendation; Sector Alpha is not registered with SEBI as an investment adviser.

How many Medical Equipment stocks are listed in India?

This comparison covers 6 listed Medical Equipment companies in India, each above the size floor the site applies, with 20 quarters of reported figures per company where the filings exist. The full ranked list is on this page, as of Mar 2026.

Which Medical Equipment company is the biggest?

Poly Medicure Ltd is the largest, with trailing-twelve-month revenue of ₹1,876 crore, ahead of Tarsons Products Ltd at ₹423 crore. That covers 5 of 6 companies with comparable reporting through Mar 2026.

Which Medical Equipment company has the best profit margins?

Prevest Denpro Ltd has the highest operating margin at 33.9%, from 6 of 6 comparable companies. Laxmi Dental Ltd shows the biggest recent improvement, at +2 percentage points. A high margin matters most when it is holding or rising, not when it is peaking.

Which Medical Equipment company makes the most profit?

Poly Medicure Ltd earns the most, at ₹321 crore of trailing-twelve-month net profit, from 5 of 6 comparable companies. Prevest Denpro Ltd has the fastest profit growth at 17%, though growth off a small or recovering profit base overstates how much has actually changed.

Which Medical Equipment company earns the highest return on capital?

Prevest Denpro Ltd leads on return on capital employed at 25.2%, across 6 of 6 companies. Read it beside the length of its reported history: a high return that repeats for years is evidence of a durable business, while a single high reading can be a small capital base or one good year.

Which Medical Equipment stock is the cheapest?

On PEG — where a LOWER number is cheaper — Poly Medicure Ltd screens cheapest at 3.87×. Only 1 of 6 companies have earnings and growth steady enough for the ratio to mean anything, so this is not a sector-wide "cheapest stock" verdict. Cheap on a multiple is a reason to investigate, never a reason to buy on its own.

Is the Medical Equipment sector beating the market?

Medical Equipment has underperformed NIFTY 500 by 19% over the last 52 weeks and 15.4% over 13 weeks, measured on an equal-weight index of its current members. Inside the sector, 3 of 6 covered companies are beating the market on their own. Sector strength does not transfer evenly to every stock in it.

Which Medical Equipment stock has the strongest price momentum?

Tarsons Products Ltd has the strongest relative strength against NIFTY 500. Relative strength answers last, after growth, quality and valuation: price can move well before the fundamentals confirm it, and sometimes without them confirming at all.

Which Medical Equipment company scores highest for research priority?

Prevest Denpro Ltd scores 71.3 out of 100 with 72.1% evidence confidence, from 23.4 points on growth and earnings, 20.8 on capital efficiency, 13.8 on valuation and 13.3 on relative strength. This ranks what deserves work next. It is not a buy recommendation, and management quality, catalysts and risk still need separate research.

How many Medical Equipment companies does this comparison cover, and over what period?

It compares 6 listed companies over up to 20 reported quarters of fundamentals, ending Mar 2026, plus weekly price and relative-strength history. Membership is the full sector list — nothing is dropped for having thin data.

What is the total market cap of the Medical Equipment sector?

The 6 Medical Equipment companies on this page carry ₹21,834 crore of combined market value. Poly Medicure Ltd is the largest at ₹17,251 crore, about 79% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-08-05.

What is the Medical Equipment sector's P/E ratio?

The median price-to-earnings ratio across the 6 Medical Equipment companies on this page is 52.7×, measured on the 6 that report a comparable figure. A sector-level history for this multiple is not held here, so this is a cross-section of today, not a comparison with the sector’s own past. Figures are as of 2026-08-05.

How is the Medical Equipment sector performing?

3 of the 6 covered Medical Equipment companies are beating NIFTY 500 on Mansfield relative strength. The sector itself is 19% behind NIFTY 500 over 52 weeks on an equal-weight index of its current members. Readings are as of 2026-08-05.

Why are some values on this page blank?

A blank means that company did not report a comparable figure for that period, so nothing is shown. Missing observations are never interpolated, carried forward, or replaced with a similar-looking accounting line, and a company with missing evidence has its research score pulled toward neutral rather than being scored as bad.

Is this investment advice?

No. Every figure here is a deterministic calculation from reported company filings and market data, published for research. It contains no recommendation to buy or sell any security, does not account for your circumstances, and is not a substitute for advice from a licensed adviser.