Poly Medicure Ltd.

NSE: POLYMED · Medical Equipment & Supplies

52W Range₹1,182 ₹2,145

Snapshot

Unlock Poly Medicure Ltd.'s vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

Poly Medicure Limited is a manufacturer and exporter of high-quality medical devices, specialising in infusion therapy, oncology, respiratory care, and dialysis products. The company provides a comprehensive range of disposable medical equipment for hospitals and clinical settings globally.

Business Model

The company generates revenue through the large-scale manufacturing and sale of medical consumables and devices to healthcare providers and distributors. It operates on a high-volume production model, leveraging an extensive product portfolio to serve both domestic and international markets.

  • Incorporation Year:1995

Growth Outlook

Growth is driven by the expansion of the company's diverse product portfolio into specialised areas such as oncology and dialysis systems. Continued investment in manufacturing capabilities supports its ability to meet rising global demand for medical disposables.

Key Risks

  • Regulatory Compliance. The company faces risks related to stringent international quality standards and regulatory approvals required for medical device exports.
  • Input Cost Volatility. Fluctuations in the prices of raw materials, such as medical-grade polymers and plastics, can impact manufacturing margins.
  • Competitive Pressure. The medical device sector is highly competitive, requiring constant innovation and cost-efficiency to maintain market share against global players.
  • Foreign Exchange Risk. As a significant exporter, the company is exposed to currency volatility which may affect its international revenue realisations.

Price

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Key Metrics

REVENUE

₹1,875 Cr

TTM · consolidated

+12.3%YoY

NET PROFIT

₹321 Cr

TTM · consolidated

-5.3%YoY

EPS

₹31.79

TTM · consolidated

-6.8%YoY

RETURN ON EQUITY

11.3%

TTM · consolidated

-7.6 ppYoY

RETURN ON CAPITAL EMPLOYED

14.9%

TTM · consolidated

-10.1 ppYoY

P/E

54.2x

Q4 FY26 · consolidated

54.2 vs 79.1x5Y avg

EV/EBITDA

31.6x

Q4 FY26 · consolidated

31.6 vs 50.2x5Y avg

EBITDA MARGIN

30.0%

TTM · consolidated

-2.5 ppYoY

NET PROFIT MARGIN

12.2%

Q4 FY26 · consolidated

-8.6 ppYoY

DEBT TO EQUITY

0.1x

Q4 FY26 · consolidated

+0.05xYoY

Peers · Medical Equipment & Supplies

CompanyMkt Cap (Cr)P/EEV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
Poly Medicure Ltd.POLYMED
12,64954.1931.5812.3%30.0%11.3%14.9%-18.2%
Fischer MedicalFISCHER
2,19111.5943.17178.8%19.4%13.0%14.8%-95.9%
Tarsons ProductsTARSONS
960110.9313.747.7%33.6%2.3%4.9%-21.9%
Laxmi DentalLAXMIDENTL
91542.1623.5718.7%13.3%13.8%-53.3%
Vasa Denticity LimitedDENTALKART
6764.0%-34.7%
Prevest DenproPREVEST
45034.0%-36.7%

As of Q4 FY26

Financials