Galaxy Medicare
: GML · Medical Equipment & Supplies
Limited coverage
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Snapshot
Unlock Galaxy Medicare's vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
Galaxy Medicare Limited is an Indian manufacturer and exporter specialising in medical devices, POP bandages, surgical dressings, and wound care products. The company serves diverse markets through its own branded products, OEM manufacturing, and institutional sales channels.
Business Model
The company generates revenue through a multi-channel approach, including direct sales of its own medical brands, contract manufacturing for other entities, and government institutional supply contracts. It also engages in the trading of medical equipment and supplies to complement its core manufacturing operations.
Growth Outlook
Growth is expected to be driven by the expansion of its export footprint and the strengthening of its institutional and government supply partnerships. Continued focus on wound care product innovation remains a key strategic priority.
Key Risks
- Regulatory Compliance. The company faces risks related to stringent quality standards and regulatory approvals required for medical devices in both domestic and international markets.
- Raw Material Price Volatility. Fluctuations in the cost of raw materials used for surgical dressings and bandages can significantly impact operating margins.
- Competitive Pressure. The medical supplies sector is highly fragmented, leading to intense price competition from both domestic and international manufacturers.
- Export Dependency. As an exporter, the company is exposed to geopolitical risks, currency fluctuations, and changes in international trade policies.
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Peers · Medical Equipment & Supplies
| Company | Mkt Cap | P/E | EV/EBITDA | Rev Gr YoY | EBITDA Mgn | ROE | ROCE | 1Y Return |
|---|---|---|---|---|---|---|---|---|
Galaxy MedicareGML | ₹26 Cr | — | — | — | 10.6% | — | — | — |
Tarsons ProductsTARSONS | ₹1,768 Cr | 158.97 | 14.57 | 10.6% | 33.1% | 1.8% | 4.5% | +6.6% |
Laxmi DentalLAXMIDENTL | ₹1,098 Cr | 35.30 | 19.82 | — | 19.2% | 13.7% | 13.3% | -41.5% |
Vasa Denticity LimitedDENTALKART | ₹709 Cr | — | — | — | 4.0% | — | — | -34.1% |
Hemant Surgical Industries LimitedHSIL | ₹539 Cr | — | — | — | 10.0% | — | — | +27.0% |
Prevest DenproPREVEST | ₹464 Cr | — | — | — | 36.0% | — | — | -31.5% |
As of Mar 2026
Financials
Galaxy Medicare
: GML · Medical Equipment & Supplies
Limited coverage
We are not actively covering this company or have limited coverage today. Click to request coverage.
Snapshot
Unlock Galaxy Medicare's vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
Galaxy Medicare Limited is an Indian manufacturer and exporter specialising in medical devices, POP bandages, surgical dressings, and wound care products. The company serves diverse markets through its own branded products, OEM manufacturing, and institutional sales channels.
Business Model
The company generates revenue through a multi-channel approach, including direct sales of its own medical brands, contract manufacturing for other entities, and government institutional supply contracts. It also engages in the trading of medical equipment and supplies to complement its core manufacturing operations.
Growth Outlook
Growth is expected to be driven by the expansion of its export footprint and the strengthening of its institutional and government supply partnerships. Continued focus on wound care product innovation remains a key strategic priority.
Key Risks
- Regulatory Compliance. The company faces risks related to stringent quality standards and regulatory approvals required for medical devices in both domestic and international markets.
- Raw Material Price Volatility. Fluctuations in the cost of raw materials used for surgical dressings and bandages can significantly impact operating margins.
- Competitive Pressure. The medical supplies sector is highly fragmented, leading to intense price competition from both domestic and international manufacturers.
- Export Dependency. As an exporter, the company is exposed to geopolitical risks, currency fluctuations, and changes in international trade policies.
Start your research today
Unlock AI insights, financials, peers and live data on Galaxy Medicare and 5,000+ companies — free.
Peers · Medical Equipment & Supplies
As of Mar 2026