Poly Medicure Ltd

Poly Medicure Ltd

₹ 1,605 0.52%
23 Feb - 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 15,401 Cr.
  • Current Price 1,605
  • High / Low 1,729 / 916
  • Stock P/E 61.9
  • Book Value 139
  • Dividend Yield 0.19 %
  • ROCE 18.3 %
  • ROE 14.8 %
  • Face Value 5.00

Pros

  • Company has delivered good profit growth of 19.5% 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

Consolidated Figures in Rs. Crores / View Standalone

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
204 213 212 223 230 258 249 275 285 307 321 337 340
146 159 157 172 179 202 202 210 214 224 234 253 249
Operating Profit 58 54 55 51 51 56 46 65 71 83 87 84 90
OPM % 28% 25% 26% 23% 22% 22% 19% 24% 25% 27% 27% 25% 27%
6 8 11 13 8 8 5 9 15 9 14 15 17
Interest 5 -2 3 0 -1 1 1 0 5 2 2 2 3
Depreciation 13 13 13 14 14 14 14 14 14 15 16 16 16
Profit before tax 46 52 50 50 46 49 36 59 67 75 83 81 88
Tax % 23% 25% 25% 24% 25% 26% 26% 27% 25% 22% 24% 23% 26%
35 39 38 38 35 36 27 44 50 59 63 62 65
EPS in Rs 4.00 4.05 3.92 3.99 3.60 3.77 2.81 4.54 5.21 6.13 6.54 6.48 6.78
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
217 259 322 390 411 454 519 610 687 785 922 1,115 1,305
169 206 246 304 323 361 397 479 520 569 707 847 960
Operating Profit 48 53 76 86 88 93 122 131 166 216 215 267 345
OPM % 22% 20% 24% 22% 21% 21% 23% 22% 24% 28% 23% 24% 26%
0 0 11 28 8 14 16 20 21 22 40 38 55
Interest 8 7 9 10 10 8 12 14 20 11 6 11 11
Depreciation 12 13 14 19 21 24 29 37 41 48 54 57 63
Profit before tax 29 33 63 85 65 75 97 100 126 180 195 237 327
Tax % 33% 30% 30% 27% 27% 27% 27% 35% 24% 25% 25% 25%
19 24 45 62 48 55 71 65 96 136 147 179 249
EPS in Rs 2.21 2.75 5.11 7.07 5.47 6.25 8.00 7.41 10.86 14.17 15.28 18.69 25.93
Dividend Payout % 17% 9% 20% 18% 27% 40% 25% 27% 18% 18% 16% 16%
Compounded Sales Growth
10 Years: 16%
5 Years: 17%
3 Years: 18%
TTM: 22%
Compounded Profit Growth
10 Years: 22%
5 Years: 20%
3 Years: 22%
TTM: 59%
Stock Price CAGR
10 Years: 32%
5 Years: 51%
3 Years: 31%
1 Year: 66%
Return on Equity
10 Years: 18%
5 Years: 17%
3 Years: 16%
Last Year: 15%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 82 101 124 174 207 227 294 337 391 918 1,040 1,194 1,290
46 49 67 79 82 101 133 161 207 137 127 149 135
42 53 73 89 76 85 94 112 126 121 163 187 224
Total Liabilities 182 214 286 364 387 457 565 654 767 1,224 1,377 1,577 1,697
85 92 123 165 182 207 265 306 363 426 488 635 704
CWIP 5 8 20 10 14 20 18 19 25 21 43 78 96
Investments 2 4 3 4 4 3 17 8 25 354 346 126 165
89 110 140 185 187 227 264 321 354 422 499 738 733
Total Assets 182 214 286 364 387 457 565 654 767 1,224 1,377 1,577 1,697

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

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 39 66 63 63 56 75 106 128 119 123 191
-26 -31 -58 -59 -31 -56 -88 -101 -107 -436 -85 -179
-6 -8 5 -6 -31 -0 16 -5 -21 317 -35 -13
Net Cash Flow 0 0 13 -2 1 0 3 1 1 0 3 -1

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 56 61 52 59 74 77 79 77 68 72 82 77
Inventory Days 145 149 142 148 114 194 161 186 241 217 218 237
Days Payable 96 99 101 101 76 131 96 123 142 111 115 105
Cash Conversion Cycle 106 111 94 106 111 140 144 139 166 179 185 209
Working Capital Days 59 56 31 45 65 81 94 83 73 107 116 112
ROCE % 30% 27% 33% 30% 26% 24% 26% 22% 25% 22% 17% 18%

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