Poly Medicure Ltd
Poly Medicure Limited is an India-based manufacturer and exporter of medical devices. The Company exports plastic medical disposables/surgical devices.[1]
- Market Cap ₹ 20,463 Cr.
- Current Price ₹ 2,022
- High / Low ₹ 3,358 / 1,821
- Stock P/E 57.2
- Book Value ₹ 273
- Dividend Yield 0.17 %
- ROCE 20.1 %
- ROE 15.8 %
- Face Value ₹ 5.00
Pros
- Company is almost debt free.
- Company has delivered good profit growth of 28.4% CAGR over last 5 years
Cons
- Stock is trading at 7.41 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.
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
322 | 390 | 411 | 454 | 519 | 610 | 687 | 785 | 922 | 1,115 | 1,375 | 1,669 | 1,688 | |
246 | 304 | 323 | 361 | 397 | 479 | 520 | 569 | 707 | 847 | 1,014 | 1,214 | 1,233 | |
Operating Profit | 76 | 86 | 88 | 93 | 122 | 131 | 166 | 216 | 215 | 267 | 361 | 455 | 455 |
OPM % | 24% | 22% | 21% | 21% | 23% | 22% | 24% | 28% | 23% | 24% | 26% | 27% | 27% |
11 | 28 | 8 | 14 | 16 | 20 | 21 | 22 | 40 | 38 | 60 | 94 | 120 | |
Interest | 9 | 10 | 10 | 8 | 12 | 14 | 20 | 11 | 6 | 11 | 14 | 14 | 12 |
Depreciation | 14 | 19 | 21 | 24 | 29 | 37 | 41 | 48 | 54 | 57 | 63 | 83 | 87 |
Profit before tax | 63 | 85 | 65 | 75 | 97 | 100 | 126 | 180 | 195 | 237 | 344 | 453 | 477 |
Tax % | 30% | 27% | 27% | 27% | 27% | 35% | 24% | 25% | 25% | 25% | 25% | 25% | |
45 | 62 | 48 | 55 | 71 | 65 | 96 | 136 | 147 | 179 | 258 | 339 | 358 | |
EPS in Rs | 5.11 | 7.07 | 5.47 | 6.25 | 8.00 | 7.41 | 10.86 | 14.17 | 15.28 | 18.69 | 26.91 | 33.41 | 35.29 |
Dividend Payout % | 20% | 18% | 27% | 40% | 25% | 27% | 18% | 18% | 16% | 16% | 11% | 10% |
Compounded Sales Growth | |
---|---|
10 Years: | 16% |
5 Years: | 19% |
3 Years: | 22% |
TTM: | 17% |
Compounded Profit Growth | |
---|---|
10 Years: | 22% |
5 Years: | 28% |
3 Years: | 33% |
TTM: | 33% |
Stock Price CAGR | |
---|---|
10 Years: | 27% |
5 Years: | 34% |
3 Years: | 31% |
1 Year: | -20% |
Return on Equity | |
---|---|
10 Years: | 17% |
5 Years: | 16% |
3 Years: | 16% |
Last Year: | 16% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 22 | 22 | 22 | 44 | 44 | 44 | 44 | 48 | 48 | 48 | 48 | 51 |
Reserves | 124 | 174 | 207 | 227 | 294 | 337 | 391 | 918 | 1,040 | 1,194 | 1,422 | 2,715 |
67 | 79 | 82 | 101 | 133 | 161 | 207 | 137 | 127 | 149 | 174 | 180 | |
73 | 89 | 76 | 85 | 94 | 112 | 126 | 121 | 163 | 187 | 215 | 246 | |
Total Liabilities | 286 | 364 | 387 | 457 | 565 | 654 | 767 | 1,224 | 1,377 | 1,577 | 1,859 | 3,192 |
123 | 165 | 182 | 207 | 265 | 306 | 363 | 426 | 488 | 635 | 867 | 1,084 | |
CWIP | 20 | 10 | 14 | 20 | 18 | 19 | 25 | 21 | 43 | 78 | 76 | 101 |
Investments | 3 | 4 | 4 | 3 | 17 | 8 | 25 | 354 | 346 | 132 | 167 | 1,077 |
140 | 185 | 187 | 227 | 264 | 321 | 354 | 422 | 499 | 732 | 748 | 930 | |
Total Assets | 286 | 364 | 387 | 457 | 565 | 654 | 767 | 1,224 | 1,377 | 1,577 | 1,859 | 3,192 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
66 | 63 | 63 | 56 | 75 | 106 | 128 | 119 | 123 | 191 | 266 | 240 | |
-58 | -59 | -31 | -56 | -88 | -101 | -107 | -436 | -85 | -179 | -241 | -1,194 | |
5 | -6 | -31 | -0 | 16 | -5 | -21 | 317 | -35 | -13 | -20 | 951 | |
Net Cash Flow | 13 | -2 | 1 | 0 | 3 | 1 | 1 | 0 | 3 | -1 | 5 | -3 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 52 | 59 | 74 | 77 | 79 | 77 | 68 | 72 | 82 | 77 | 72 | 76 |
Inventory Days | 142 | 148 | 114 | 194 | 161 | 186 | 241 | 217 | 218 | 237 | 205 | 233 |
Days Payable | 101 | 101 | 76 | 131 | 96 | 123 | 142 | 111 | 115 | 105 | 89 | 71 |
Cash Conversion Cycle | 94 | 106 | 111 | 140 | 144 | 139 | 166 | 179 | 185 | 209 | 188 | 239 |
Working Capital Days | 20 | 25 | 35 | 55 | 71 | 56 | 44 | 74 | 81 | 69 | 54 | 74 |
ROCE % | 33% | 30% | 26% | 24% | 26% | 22% | 25% | 22% | 17% | 18% | 24% | 20% |
Documents
Announcements
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Revised Intimation For The Investors/Analyst One To One Virtual Call Scheduled To Be Held On Tuesday, 16Th September, 2025
2h - Poly Medicure one-on-one virtual meeting with Invesco Asset Management on 16 September 2025.
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Intimation Of Investor/Analyst One To One Virtual Meeting To Be Held On Tuesday, 16Th September, 2025
3h - One-on-one investor meeting with PineBridge Investments on 11 Sept 2025 at company's registered office.
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Intimation For The Analyst/Investor Call As On 11Th September, 2025.
9 Sep - One-on-one meeting with PineBridge on 11 Sep 2025 at registered office.
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Tranascript Of Investor/Analyst Conference Call Held On 04Th September, 2025.
9 Sep - Acquire 90% of PendraCare: EUR11m equity, €3.2m loan takeover; announced Sep 4, 2025.
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Announcement under Regulation 30 (LODR)-Dividend Updates
5 Sep - Record date set Sep 18, 2025; book closure Sep 19-25; final dividend ₹3.50/share pending AGM approval.
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2012
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Concalls
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Sep 2025Transcript PPT
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Aug 2025Transcript PPT REC
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May 2025Transcript PPT REC
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Feb 2025Transcript PPT REC
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Nov 2024TranscriptPPTREC
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Sep 2024TranscriptNotesPPT
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Jul 2024Transcript PPT
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May 2024Transcript PPT
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Feb 2024TranscriptPPT
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Nov 2023TranscriptPPT
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Aug 2023TranscriptPPT
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May 2023TranscriptNotesPPT
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Feb 2023TranscriptPPT
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Nov 2022TranscriptPPT
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Aug 2022TranscriptPPT
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May 2022Transcript PPT
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Feb 2022TranscriptPPT
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Nov 2021TranscriptPPT
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Jul 2021TranscriptPPT
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May 2021Transcript PPT
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Feb 2021TranscriptNotesPPT
Product Portfolio
It is a medical devices company with a product portfolio comprised of 200+ SKUs of medical devices across 12 specialties including therapy, oncology, anesthesia and respiratory care, urology, gastroenterology, blood management and blood collection, surgery and wound drainage, dialysis, central venous access catheters, veterinary medical devices, and others. [1]