October 2026
Largest Medical Supplies Public Companies in India
Benchmark revenue and EBITDA valuation multiples for public comps like
Cupid, Shaily Engineering, Standard Engineering Tech, Entero Healthcare Solutions and Lord's Mark Industries.
 | Maker of male and female condoms, lubricants and in-vitro diagnostic test kits. It sells to government health programmes, global agencies and consumers under its own and private labels. Headquartered in Nashik. | $3 | +514% | $4.3B | $4.3B | 117.1x | 311.3x | ||
| Shaily Engineering Plastics makes precision injection-moulded plastic parts and devices, including pen injectors for healthcare, and consumer and automotive products. Customers are global pharma and consumer firms. Headquartered in Vadodara. | $31 | +21% | $1.4B | $1.4B | 13.9x | 47.5x | ||
| Standard Glass Lining Technology Ltd is a specialized engineering equipment manufacturer for the pharmaceutical and chemical sectors in India. It portfolio comprises core equipment used in the manufacturing of pharmaceutical and chemical products, which can be categorized into: Reaction Systems; Storage, Separation and Drying Systems; and Plant, Engineering and Services (including other ancillary parts). The Group is engaged in the manufacturing of pharmaceutical glass-lined equipment, metal equipment & pumps, as well as polytetrafluoroethylene (PTFE) line equipment. Key revenue is generated from metal equipment & pumps. | $4 | +72% | $704M | $690M | 8.4x | 55.4x | ||
| Distributes medical devices, pharmaceuticals, diagnostics products and other healthcare supplies to hospitals, pharmacies and clinics across India. Also runs a platform for provider ordering. Based in Mumbai. | $15 | +24% | $675M | $722M | 1.0x | 26.5x | ||
| Lord's Mark Industries is a diversified manufacturer with a range of products across packaging, healthcare consumables and diagnostics (including in-vitro diagnostic kits). Customers are industrial and healthcare buyers. Headquartered in Mumbai. | $1 | -99% | $311M | $335M | 4.6x | 38.3x | ||
| Laxmi Dental Ltd is an end-to-end integrated dental products company. Its products include custom-made crowns and bridges, branded dental products such as clear aligners, thermoforming sheets, and aligner-related products as a part of aligner solutions, and paediatric dental products. The Group has three reportable segments: Laboratory Business segment comprises dental prostheses, such as metal-free crowns & bridges, Porcelain Fused to Metal (PFM) Crowns and Bridges, and Dentures. The Aligners Business segment comprises dental aligners, Retainers, Raw Materials for Aligners, Sport Guards, Night Guards, and Sleep Apnea Devices. The Other Business segment comprises Dental distribution products used in Dental Laboratory, Dental Clinical Services, and Dental Educational Courses. | $2 | -49% | $99M | $91M | 3.2x | 21.8x | ||
| Median | $3 | +22% | $689M | $706M | 6.5x | 42.9x |
Financial data powered by FactSet and Morningstar. Valuation multiples as of current fiscal year. For more data, start your free trial here.
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