Poly Medicure Ltd

Poly Medicure Limited is an India-based manufacturer and exporter of medical devices. The Company exports plastic medical disposables/surgical devices.

  • Market Cap: 3,599 Cr.
  • Current Price: 407.80
  • 52 weeks High / Low 432.15 / 169.80
  • Book Value: 48.65
  • Stock P/E: 36.79
  • Dividend Yield: 0.49 %
  • ROCE: 22.66 %
  • ROE: 18.36 %
  • Sales Growth (3Yrs): 14.21 %
  • Listed on BSE and NSE
  • Company Website
  • Face Value: 5.00
Edit ratios
Pros:
Company has been maintaining a healthy dividend payout of 30.33%
Cons:
Stock is trading at 8.38 times its book value

Peer comparison Sector: Healthcare // Industry: Healthcare

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Quarterly Results Standalone Figures in Rs. Crores / View Consolidated

Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020
135 126 140 131 147 149 160 152 163 171 159 161
101 96 107 100 112 118 124 116 123 127 121 116
Operating Profit 34 30 33 31 34 31 36 37 41 45 38 45
OPM % 25% 24% 23% 24% 24% 21% 22% 24% 25% 26% 24% 28%
Other Income 3 4 5 3 4 4 5 4 5 4 5 3
Interest 2 2 3 4 6 -1 2 3 1 5 8 3
Depreciation 7 7 8 9 9 9 9 10 10 10 9 11
Profit before tax 27 24 27 22 23 26 29 28 34 33 26 35
Tax % 32% 32% 13% 39% 37% 36% 26% 28% 21% 26% 22% 27%
Net Profit 19 17 23 14 14 17 21 20 27 25 21 26
EPS in Rs 2.11 1.89 2.63 1.54 1.64 1.91 2.43 2.29 3.06 2.78 2.34 2.90
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss Standalone Figures in Rs. Crores / View Consolidated

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 TTM
88 112 134 169 208 252 312 373 393 439 507 586 654
76 94 106 132 162 199 238 288 307 345 386 452 486
Operating Profit 12 18 29 37 46 52 74 85 86 94 122 134 168
OPM % 14% 16% 21% 22% 22% 21% 24% 23% 22% 21% 24% 23% 26%
Other Income 6 1 1 0 1 0 11 28 8 13 14 16 18
Interest 4 5 5 5 8 7 9 10 10 8 11 13 17
Depreciation 6 6 7 9 10 12 14 18 20 23 28 36 40
Profit before tax 8 7 18 24 29 34 62 84 65 76 96 100 129
Tax % 5% 11% 10% 9% 33% 29% 31% 27% 27% 26% 27% 34%
Net Profit 8 6 16 22 19 24 43 61 47 56 70 66 98
EPS in Rs 0.87 0.65 1.83 2.40 2.13 2.65 4.71 6.92 5.36 6.12 7.96 7.51 11.08
Dividend Payout % 17% 23% 17% 15% 17% 9% 20% 18% 28% 39% 25% 27%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:17.99%
5 Years:13.45%
3 Years:14.21%
TTM:7.69%
Compounded Profit Growth
10 Years:27.17%
5 Years:12.62%
3 Years:11.52%
TTM:34.08%
Stock Price CAGR
10 Years:31.90%
5 Years:12.45%
3 Years:24.15%
1 Year:138.48%
Return on Equity
10 Years:23.37%
5 Years:22.13%
3 Years:21.10%
Last Year:18.36%

Balance Sheet Standalone Figures in Rs. Crores / View Consolidated

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
6 6 11 11 11 11 22 22 22 44 44 44 44
Reserves 36 41 49 67 82 100 122 170 202 225 290 336 385
Borrowings 36 36 33 41 46 49 67 76 79 97 127 150 159
19 21 33 33 41 52 71 87 73 83 93 103 151
Total Liabilities 97 104 125 152 180 212 282 354 376 449 555 633 740
51 55 58 65 82 89 120 161 177 201 260 272 336
CWIP 7 3 4 8 5 8 20 10 14 20 18 19 17
Investments 4 6 7 7 7 7 6 6 6 6 18 42 58
34 40 56 73 86 108 137 178 180 222 258 300 330
Total Assets 97 104 125 152 180 212 282 354 376 449 555 633 740

Cash Flows Standalone Figures in Rs. Crores / View Consolidated

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
10 14 22 22 33 38 65 63 62 55 76 112
-13 -8 -13 -23 -26 -30 -58 -57 -30 -54 -87 -104
4 -6 -9 1 -7 -8 6 -9 -31 -1 14 -9
Net Cash Flow 0 0 0 -1 0 0 13 -2 1 0 3 -1

Ratios Standalone Figures in Rs. Crores / View Consolidated

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
ROCE % 18% 15% 26% 28% 29% 27% 33% 30% 26% 25% 26% 23%
Debtor Days 56 58 61 57 57 61 53 58 75 79 81 77
Inventory Turnover 2.97 2.86 2.48 2.51 2.43 3.06 3.13 3.15 3.28 2.56 2.21 2.46

Shareholding pattern in percentages

Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020
48.76 48.76 48.76 48.76 48.76 48.76 48.75 48.75 48.75 48.76 48.76 48.76
5.59 5.62 5.48 4.86 4.91 4.90 5.01 5.01 5.01 3.68 2.90 2.36
0.02 0.15 0.00 0.00 0.00 0.02 0.07 0.07 0.08 0.13 0.18 0.24
45.63 45.47 45.76 46.38 46.33 46.32 46.17 46.17 46.16 47.43 48.16 48.64