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Poly Medicure Ltd. Stock Analysis

Small Cap
Evaluated by 1012 users | BSE: 531768 | NSE: POLYMED |
Medical Equipment/Supplies/Accessories
Poly Medicure Ltd. was conceived and established by a group of engineers and technocrats dedicated to the idea of providing the benefits of modern healthcare to the mankind at affordable price. This unique philosophy has been the driving force behind the company since its inception in 1995....

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Poly Medicure Ltd. has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good
Value Creation
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Capital Employed 24.92%24.47%26.84%25.13%21.2%17.81%16.54%17.07%14.14%17.19%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 170209252312374394440508587646
Y-o-Y Gr. Rt.-23.1%20.7%23.8%19.7%5.6%11.4%15.7%15.4%10.1%
Adjusted EPS (Rs.) 2.592.963.984.544.954.995.617.136.919.63
Y-o-Y Gr. Rt.-14.3%34.5%14.1%9%0.8%12.4%27.1%-3.1%39.4%
Book Value per Share (Rs.) 8.8310.5412.5716.3321.7625.3730.4837.8743.0148.63
Adjusted Net Profit 22.826.135.14043.74449.562.960.985
Net Op. Cash Flow (Rs. Cr.) 21.832.838.365.363.361.95575.5113127
Debt to Cash Flow from Ops 1.891.41.271.031.21.281.761.691.331.49
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Poly Medicure Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 16%11.6%13.7%10.1%
Adjusted EPS 15.7%14.2%19.7%39.4%
Book Value per Share 20.917.516.913.1
Share Price 34.9% 24.6% 22.3% 138.6%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) 33.1430.5734.4231.3625.9721.1720.0720.8317.0621
Operating Profit Margin (%) 22.8926.727.0325.5322.6421.9121.4123.922.8425.11
Net Profit Margin (%) 13.4412.4913.9112.8211.6811.1611.2612.3710.3913.15
Debt to Equity 0.530.50.440.470.40.350.360.380.40.44
Working Capital Days 135136137132136144146157159173
Cash Conversion Cycle 62555652546775808178
Entity Percentage Holding
Promoters 48.76%
Institutions 3.11%
Non-Institutions 48.13%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

MoneyWorks4Me analysed the past 10-year performance of Poly Medicure Ltd. and arrived at the following conclusion:

Past 10 year's financial track record indicates that Poly Medicure Ltd. is a average quality company. However, for specific investment actions please connect with your investment advisor.

The 5-year analysis of Poly Medicure Ltd.'s performance infers:

Poly Medicure Ltd. earnings have grown by 14.2%, whereas share price has appreciated 24.6% CAGR over the past five years, indicating the company's share price is likely overvalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Poly Medicure Ltd. share prices over the last 10 years. Here is what we found out:

Poly Medicure Ltd. share price has appreciated 29.4% annually over the past ten years.

Poly Medicure Ltd. was conceived and established by a group of engineers and technocrats dedicated to the idea of providing the benefits of modern healthcare to the mankind at affordable price. This unique philosophy has been the driving force behind the company since its inception in 1995. Today it has grown into one of the most dynamically versatile manufacturers of disposable healthcare products in the region with over 60 different products.

POLYMED manufactures its products using state

Poly Medicure Ltd. was conceived and established by a group of engineers and technocrats dedicated to the idea of providing the benefits of modern healthcare to the mankind at affordable price. This unique philosophy has been the driving force behind the company since its inception in 1995. Today it has grown into one of the most dynamically versatile manufacturers of disposable healthcare products in the region with over 60 different products.

POLYMED manufactures its products using state of the art technology in ultra modern facilities covering over 300,000 square feet of manufacturing floor space with about 50,000 square feet of clean rooms of class 100,000 to class 1,000. A tool room with modern facilities & CNC machines supports the manufacturing processes. A high degree of automation and an effective process control helps in delivering consistent product quality.

To keep pace with the ever changing requirements of the market, POLYMED has a fully staffed and highly equipped R & D section to design and develop new and innovative products. Using the latest CAD/CAM technology, the new product development is fast and improvements, based on market response and customer feedback, are made with ease. Assuring world class products at affordable prices is the hall mark of POLYMED

Product range of the company:

The company manufactures different products related to :

  • Infusion Therapy
  • Central Venous Access Catheters
  • Anaesthesia
  • Urology
  • Gastroenterology
  • Blood Management
  • Surgery & Wound Drainage
  • Dialysis
  • Others

Achievements/ recognition:

  • QMS (Quality Management System) accredited by SGS
  • ISO 9001:2000
  • ISO-13485:2003
  • CE mark from DNV
  • US FDA 510k approved  
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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