Poly Medicure Ltd

Poly Medicure Ltd

₹ 1,589 0.29%
28 Mar - close price
About

Poly Medicure Limited is an India-based manufacturer and exporter of medical devices. The Company exports plastic medical disposables/surgical devices.[1]

Key Points

Product Portfolio
The company is a top exporter of plastic medical disposables/ surgical Items.
It has a portfolio of over 130 SKUs of disposable medical devices across 9 different product verticals.[1]

  • Market Cap 15,256 Cr.
  • Current Price 1,589
  • High / Low 1,729 / 921
  • Stock P/E 63.9
  • Book Value 138
  • Dividend Yield 0.19 %
  • ROCE 18.9 %
  • ROE 15.1 %
  • Face Value 5.00

Pros

  • Company has delivered good profit growth of 20.0% CAGR over last 5 years

Cons

  • Stock is trading at 11.5 times its book value

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Healthcare Industry: Healthcare

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
194 203 203 212 220 244 239 264 272 293 306 320 321
138 150 149 161 169 188 191 198 203 212 220 237 236
Operating Profit 56 53 54 50 51 57 48 66 68 82 85 83 84
OPM % 29% 26% 27% 24% 23% 23% 20% 25% 25% 28% 28% 26% 26%
5 7 10 12 7 9 5 9 14 9 13 13 17
Interest 5 -2 3 0 -1 1 1 0 5 2 2 2 3
Depreciation 12 12 13 13 13 14 14 14 14 15 15 15 16
Profit before tax 44 50 49 50 46 51 38 61 64 73 81 78 82
Tax % 24% 26% 26% 25% 25% 25% 24% 26% 26% 22% 25% 24% 25%
34 37 36 37 34 38 29 45 48 57 61 59 61
EPS in Rs 3.80 3.87 3.76 3.89 3.57 4.01 3.00 4.71 4.96 5.99 6.31 6.17 6.41
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
208 252 312 373 393 439 507 586 646 746 879 1,068 1,240
162 199 238 288 307 345 386 452 483 536 665 797 906
Operating Profit 46 52 74 85 86 94 122 134 162 210 214 270 334
OPM % 22% 21% 24% 23% 22% 21% 24% 23% 25% 28% 24% 25% 27%
1 0 11 28 8 13 14 16 19 19 39 32 51
Interest 8 7 9 10 10 8 11 13 20 10 5 10 10
Depreciation 10 12 14 18 20 23 28 36 39 46 53 56 61
Profit before tax 29 34 62 84 65 76 96 100 122 173 195 237 314
Tax % 33% 29% 31% 27% 27% 26% 27% 34% 24% 25% 25% 24%
19 24 43 61 47 56 70 66 92 130 146 179 239
EPS in Rs 2.19 2.73 4.88 6.92 5.36 6.37 7.96 7.51 10.47 13.51 15.23 18.66 24.88
Dividend Payout % 17% 9% 20% 18% 28% 39% 25% 27% 19% 19% 16% 16%
Compounded Sales Growth
10 Years: 16%
5 Years: 16%
3 Years: 18%
TTM: 22%
Compounded Profit Growth
10 Years: 22%
5 Years: 20%
3 Years: 24%
TTM: 49%
Stock Price CAGR
10 Years: 30%
5 Years: 49%
3 Years: 25%
1 Year: 69%
Return on Equity
10 Years: 18%
5 Years: 16%
3 Years: 15%
Last Year: 15%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 11 11 22 22 22 44 44 44 44 48 48 48 48
Reserves 82 100 122 170 202 225 290 336 385 906 1,029 1,186 1,277
46 49 67 76 79 97 127 150 194 126 111 137 128
41 52 71 87 73 83 93 103 117 107 146 167 209
Total Liabilities 180 212 282 354 376 449 555 633 740 1,187 1,334 1,538 1,662
82 89 120 161 177 201 260 272 328 389 451 598 663
CWIP 5 8 20 10 14 20 18 19 25 21 43 78 95
Investments 7 7 6 6 6 6 18 42 58 385 384 176 212
86 108 137 178 180 222 258 300 330 392 456 686 691
Total Assets 180 212 282 354 376 449 555 633 740 1,187 1,334 1,538 1,662

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
33 38 65 63 62 55 76 113 127 116 126 195
-26 -30 -58 -57 -30 -54 -87 -104 -106 -434 -89 -187
-7 -8 6 -9 -31 -1 14 -10 -22 319 -40 -8
Net Cash Flow 0 0 13 -2 1 0 3 -1 -1 1 -2 -0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 57 61 53 58 75 79 81 77 68 73 80 76
Inventory Days 184 144 140 146 105 193 207 138 241 202 210 222
Days Payable 125 100 102 103 77 136 130 93 144 104 109 95
Cash Conversion Cycle 116 105 91 101 103 136 157 123 165 171 181 203
Working Capital Days 57 55 31 42 64 82 93 80 70 104 113 108
ROCE % 29% 27% 33% 30% 26% 25% 26% 23% 25% 21% 16% 19%

Shareholding Pattern

Numbers in percentages

2 Recently
Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
44.88% 44.77% 44.77% 44.76% 44.66% 53.34% 53.33% 53.33% 53.32% 53.32% 53.17% 53.17%
12.61% 12.82% 13.68% 14.13% 15.07% 15.59% 16.27% 16.33% 16.21% 15.61% 14.49% 14.10%
2.51% 2.89% 2.87% 2.99% 3.33% 3.25% 3.39% 3.38% 3.67% 4.25% 5.15% 5.46%
40.00% 39.52% 38.68% 38.11% 36.94% 27.82% 27.02% 26.97% 26.79% 26.82% 27.20% 27.28%
No. of Shareholders 21,53135,92233,67835,16633,83133,29634,23932,01535,39336,14134,64936,053

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

Concalls