3 Medical Devices Maker, Hotels Owner and Utility Vehicles and Tractors Maker Stocks With a Strong Future Roadmap: Poly Medicure, Chalet Hotels and Mahindra and Mahindra

Medical device, hotel and utility vehicle stocks offer a focused view of a sector where demand keeps widening. Poly Medicure, Chalet Hotels and Mahindra and Mahindra cover a medical devices maker, a hotels owner and a utility vehicles and tractors maker.

This list covers three medical device, hotel and utility vehicle stocks with complete current figures: Poly Medicure, Chalet Hotels and Mahindra and Mahindra. Every figure comes from the latest reported financials and the 10 November 2026 market close. Companies without complete current figures were left out.

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What Are Medical Device, Hotel and Utility Vehicle Stocks?

Medical device, hotel and utility vehicle stocks are listed companies that make needles, syringes, cannulas and other single use medical devices, own and run upscale hotels and commercial properties, and build SUVs, pickups and tractors. Their earnings depend on hospital demand, hotel occupancy and vehicle and farm sales.

Medical Device, Hotel and Utility Vehicle Stocks at a Glance

On valuation, all three trade at a P/E below their industry P/E, which means the market is pricing them at a lower multiple than their peer group. Readers comparing medical device, hotel and utility vehicle stocks should look at return on equity and debt together, since a high return earned with low debt is easier to sustain.

Why Do Medical Device, Hotel and Utility Vehicle Stocks Have a Strong Roadmap in India?

Medical device, hotel and utility vehicle stocks have a strong roadmap in India because growing healthcare access, strong domestic travel and rising demand for utility vehicles and farm machines keep widening the market for these companies.

• Medical devices. Hospitals use more single use products.
• Hotels. Business and leisure travel keeps growing.
• Utility vehicles. Families and farms upgrade their vehicles.

Why Poly Medicure Features Among These Medical Device, Hotel and Utility Vehicle Stocks

Among the medical device, hotel and utility vehicle stocks on this list, Poly Medicure makes single-use medical devices such as infusion sets, syringes, catheters, blood management products and dialysis consumables, and it exports to many countries.

Revenue rose from Rs 961 crore in FY22 to Rs 1,995 crore in FY26, a compound annual growth rate of 20.0%. Net profit grew from Rs 147 crore in FY22 to Rs 321 crore in FY26, which works out to a compound annual growth rate of 21.6%.

In the June 2026 quarter, revenue grew 25.5% year on year to Rs 559 crore. The company has a return on equity of 10.4%, a debt to equity ratio of 0.11 and a market capitalisation of Rs 15,721 crore. The stock trades at a P/E of 50.2, below the industry P/E of 59.6.

Roadmap: The company is adding capacity and new products, including dialysis and cardiology devices, and it is growing its presence with global hospital customers. Rising healthcare spending supports demand for disposable devices.

What to watch: Track export growth, new product approvals and plant capacity use.

Why Chalet Hotels Features Among These Medical Device, Hotel and Utility Vehicle Stocks

Among the syringe, stay and SUV shares on this list, Chalet Hotels owns and develops upscale hotels and resorts in key Indian cities such as Mumbai, Bengaluru and Hyderabad, and it also has a growing commercial and retail real estate portfolio. Its hotels operate under leading global brands.

Revenue rose from Rs 530 crore in FY22 to Rs 2,812 crore in FY26, a compound annual growth rate of 51.8%. Net profit grew from Rs 183 crore in FY23 to Rs 645 crore in FY26, which works out to a compound annual growth rate of 52.1%.

The company has a return on equity of 17.4%, a debt to equity ratio of 0.64 and a market capitalisation of Rs 18,491 crore. The stock trades at a P/E of 35.0, below the industry P/E of 37.9.

Roadmap: The company is adding rooms at existing hotels and building new properties in cities where business and leisure travel is growing. Its annuity assets, such as office and retail space, add steady rental income alongside hotel earnings.

What to watch: Track occupancy, average room rates and the progress of new room additions.

Why Mahindra and Mahindra Features Among These Medical Device, Hotel and Utility Vehicle Stocks

Among the three companies on this list, Mahindra and Mahindra is a leading maker of utility vehicles, tractors and commercial vehicles in India, and it also has businesses in farm services, logistics and renewable energy.

The company has a return on equity of 18.4%, a debt to equity ratio of 1.44 and a market capitalisation of Rs 354,157 crore. The stock trades at a P/E of 17.5, below the industry P/E of 23.4.

Revenue rose from Rs 91,105 crore in FY22 to Rs 202,084 crore in FY26, a compound annual growth rate of 22.0%. Net profit grew from Rs 7,253 crore in FY22 to Rs 18,622 crore in FY26, which works out to a compound annual growth rate of 26.6%. In the June 2026 quarter, revenue grew 27.5% year on year to Rs 59,204 crore, while net profit rose 37.0% to Rs 5,998 crore.

Roadmap: The company is launching new utility and electric vehicle platforms while its tractor business benefits from farm mechanisation. A strong brand in rural and semi-urban India supports volumes.

What to watch: Track utility vehicle bookings, tractor demand and progress on new electric platforms.

Poly Medicure vs Chalet Hotels vs Mahindra and Mahindra on Key Financials

The table below sets the three medical device, hotel and utility vehicle stocks side by side on revenue, profit and margin, using reported figures.

Mahindra and Mahindra posts the highest return on equity in this group at 18.4%. Mahindra and Mahindra has the largest FY26 revenue at Rs 202,084 crore, and Chalet Hotels shows the fastest revenue growth with a 51.8% compound annual rate. A useful habit with medical device, hotel and utility vehicle stocks is to check each new quarterly result against the capacity plans the company described earlier.

Key Risks to Check Before Investing in Medical Device, Hotel and Utility Vehicle Stocks

Every theme carries risks that deserve a check before any decision. For these medical device, hotel and utility vehicle stocks, the main points are: Long-term syringe, stay and SUV shares holders usually track revenue growth, margins and cash flow side by side rather than relying on a single ratio.

• Medical device rules. Approvals and quality standards can affect launches.
• Travel cycles. Bookings and occupancy follow travel demand.
• Valuation levels. Some of these companies trade at high earnings multiples, so growth must continue to justify them.

Treat this list as a starting point for research and not as a recommendation. Read the latest results presentation, check the management commentary on order books or capacity plans, and compare each company with its peers before you decide anything.

Use the Univest Stock Screener to filter medical device, hotel and utility vehicle stocks by market capitalisation, P/E, ROE and growth, and build your own shortlist.

Final Thoughts on Medical Device, Hotel and Utility Vehicle Stocks

Medical device, hotel and utility vehicle stocks reward patient research into demand, execution and financial strength. Poly Medicure, Chalet Hotels and Mahindra and Mahindra each have a clear plan to grow. Based on the 10 November 2026 close, Poly Medicure trades at Rs 1,614.3, Chalet Hotels at Rs 811.85 and Mahindra and Mahindra at Rs 3,290.6. Valuation matters as much as growth, so compare each company's P/E with its industry P/E before adding any of these medical device, hotel and utility vehicle stocks to a watchlist.

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What are medical device, hotel and utility vehicle stocks?

Ans. Medical device, hotel and utility vehicle stocks are listed companies that make needles, syringes, cannulas and other single use medical devices, own and run upscale hotels and commercial properties, and build SUVs, pickups and tractors. Their earnings depend on hospital demand, hotel occupancy and vehicle and farm sales. This list looks at three of them, Poly Medicure, Chalet Hotels and Mahindra and Mahindra, using reported FY22 to FY26 financials and the 10 November 2026 closing prices.

Which medical device, hotel and utility vehicle stocks are covered in this list?

Ans. This list covers Poly Medicure, Chalet Hotels and Mahindra and Mahindra. Based on the 10 November 2026 close, Poly Medicure traded at Rs 1,614.3, Chalet Hotels at Rs 811.85 and Mahindra and Mahindra at Rs 3,290.6. Their return on equity ranges from 10.4% to 18.4%, and their revenue compound annual growth from FY22 to FY26 ranges from 20.0% to 51.8%.

Why do medical device, hotel and utility vehicle stocks have a strong future roadmap in India?

Ans. Medical device, hotel and utility vehicle stocks have a strong roadmap in India because growing healthcare access, strong domestic travel and rising demand for utility vehicles and farm machines keep widening the market for these companies. The main drivers are as follows. Medical devices. Hospitals use more single use products. Hotels. Business and leisure travel keeps growing. Utility vehicles. Families and farms upgrade their vehicles. Together these factors give the companies on this list a visible path for growth over the coming years.

How has Poly Medicure performed financially?

Ans. Revenue rose from Rs 961 crore in FY22 to Rs 1,995 crore in FY26, a compound annual growth rate of 20.0%. Net profit grew from Rs 147 crore in FY22 to Rs 321 crore in FY26, which works out to a compound annual growth rate of 21.6%. In the June 2026 quarter, revenue grew 25.5% year on year to Rs 559 crore. The company has a return on equity of 10.4%, a debt to equity ratio of 0.11 and a market capitalisation of Rs 15,721 crore. The stock trades at a P/E of 50.2, below the industry P/E of 59.6. Looking ahead, the company is adding capacity and new products, including dialysis and cardiology devices, and it is growing its presence with global hospital customers. Rising healthcare spending supports demand for disposable devices.

How has Chalet Hotels performed financially?

Ans. Revenue rose from Rs 530 crore in FY22 to Rs 2,812 crore in FY26, a compound annual growth rate of 51.8%. Net profit grew from Rs 183 crore in FY23 to Rs 645 crore in FY26, which works out to a compound annual growth rate of 52.1%. The company has a return on equity of 17.4%, a debt to equity ratio of 0.64 and a market capitalisation of Rs 18,491 crore. The stock trades at a P/E of 35.0, below the industry P/E of 37.9. Looking ahead, the company is adding rooms at existing hotels and building new properties in cities where business and leisure travel is growing. Its annuity assets, such as office and retail space, add steady rental income alongside hotel earnings.

How has Mahindra and Mahindra performed financially?

Ans. Revenue rose from Rs 91,105 crore in FY22 to Rs 202,084 crore in FY26, a compound annual growth rate of 22.0%. Net profit grew from Rs 7,253 crore in FY22 to Rs 18,622 crore in FY26, which works out to a compound annual growth rate of 26.6%. In the June 2026 quarter, revenue grew 27.5% year on year to Rs 59,204 crore, while net profit rose 37.0% to Rs 5,998 crore. The company has a return on equity of 18.4%, a debt to equity ratio of 1.44 and a market capitalisation of Rs 354,157 crore. The stock trades at a P/E of 17.5, below the industry P/E of 23.4. Looking ahead, the company is launching new utility and electric vehicle platforms while its tractor business benefits from farm mechanisation. A strong brand in rural and semi-urban India supports volumes.

What risks should investors check before buying medical device, hotel and utility vehicle stocks?

Ans. Investors should check a few risks before buying medical device, hotel and utility vehicle stocks. Medical device rules. Approvals and quality standards can affect launches. Travel cycles. Bookings and occupancy follow travel demand. Valuation levels. Some of these companies trade at high earnings multiples, so growth must continue to justify them. Reading the latest results presentation and comparing each company with its peers helps judge how these risks apply to each stock.

Is this list of medical device, hotel and utility vehicle stocks investment advice?

Ans. No. This article is educational and uses publicly available data as of the 10 November 2026 close. Please verify figures on NSE and BSE, read company filings and consult a SEBI registered adviser before investing. Univest is SEBI registered research analyst INH000013776.