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Poly Medicure Ltd

NSE: POLYMED BSE: 531768

1333.40

(3.88%)

Sun, 15 Mar 2026, 09:21 am

Poly Medicure Analysis

dividend

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Pros

  • Dividends per share have increased over the past 10 years.
  • Dividends paid are well covered by earnings (5.4x coverage).
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Cons

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Poly Medicure's pays a lower dividend yield than the bottom 25% of dividend payers in India (0.76%).
  • Poly Medicure's dividend is below the markets top 25% of dividend payers in India (3.08%).

health

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Pros

  • Poly Medicure is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Poly Medicure is profitable, therefore cash runway is not a concern.
  • Poly Medicure is profitable, therefore cash runway is not a concern.
  • Debt is well covered by operating cash flow (77.9%, greater than 20% of total debt).
  • Debt is covered by short term assets, assets are 1.9x debt.
  • Poly Medicure's cash and other short term assets cover its long term commitments.
  • The level of debt compared to net worth has been reduced over the past 5 years (40.1% vs 38.5% today).
  • Interest payments on debt are well covered by earnings (EBIT is 6.7x coverage).
  • Poly Medicure's level of debt (38.5%) compared to net worth is satisfactory (less than 40%).
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Cons

  • High level of physical assets or inventory.

management

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Pros

  • The average tenure for the Poly Medicure board of directors is over 10 years, this suggests they are a seasoned and experienced board.
  • Himanshu's compensation has been consistent with company performance over the past year, both up more than 20%.
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Cons

  • Himanshu's remuneration is higher than average for companies of similar size in India.

misc

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Pros

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    Cons

    • Poly Medicure is not covered by any analysts.
    • Poly Medicure has significant price volatility in the past 3 months.

    past

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    Pros

    • Poly Medicure's 1-year earnings growth exceeds its 5-year average (46.4% vs 10.5%)
    • Poly Medicure's year on year earnings growth rate has been positive over the past 5 years.
    • Poly Medicure used its assets more efficiently than the IN Medical Equipment industry average last year based on Return on Assets.
    • Poly Medicure has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
    • Poly Medicure has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
    • Poly Medicure's earnings growth has exceeded the IN Medical Equipment industry average in the past year (46.4% vs 21.7%).
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    Cons

      value

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      Pros

      • 531768 matched the Medical Equipment industry (60.7%) over the past year.
      • 531768 outperformed the Market in India which returned -14.5% over the past year.
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      Cons

      • Poly Medicure's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).
      • Poly Medicure's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).
      • Poly Medicure is overvalued based on assets compared to the IN Medical Equipment industry average.
      • Poly Medicure is overvalued based on earnings compared to the IN Medical Equipment industry average.
      • Poly Medicure is overvalued based on earnings compared to the India market.
      • BSE:531768 is up 2.9% underperforming the Medical Equipment industry which returned 9.6% over the past month.
      • BSE:531768 is up 2.9% underperforming the market in India which returned 8% over the past month.

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      Pocketful Fintech Capital Private Limited (CIN U65999DL2021PTC390548) | The SEBI Registration No. allotted to us is INZ000313732. NSE Member Code: 90326 | BSE Member Code: 6808 | MCX Member Code: 57120 DP | CDSL: 12099800