Poly Medicure Limited
Poly Medicure Limited operates in Medical Equipment & Supplies, part of the Healthcare sector. It booked ₹525 cr of revenue in its latest quarter (Q1 FY27) and kept 16.4% of sales as profit. It is the largest of 7 Medical Equipment & Supplies companies we track, by market value.
“POLYMED is the largest exporter of medical devices from India, 70% of the sales are from exports to the highly regulated developed markets like EU, LATAM, SE Asia etc., which is a testament to POLYMED’s superior quality products.”
“POLYMED is among the top three IV Cannula manufacturers in the world and the first indigenous dialyzer manufacturer.”
“The company is primarily in the business of manufacture and sale of medical devices.”
Healthier than 56% of companies in Healthcare, on all six measures of filed financials. Each measure is ranked against the 81–150 companies that reported it.
Measures financial condition, not whether to buy. Learn what this score means · How this is calculated
- RSI (14)
- 47
At close. Not part of the score.
How much profit it earns on the money it employs
How much it owes, and whether earnings cover the interest
Whether reported profit actually arrives as cash
Whether sales and profit have grown, and how steadily
What today's price implies, against our models or its peers
How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure
What if I invest in POLYMED?
Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.
The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.
P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.
An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.
| Revenue from Operations | ₹525 cr |
| Other Income | ₹33 cr |
| Total Income | ₹559 cr |
| Cost of Materials | ₹184 cr |
| Purchases of Stock-in-Trade | ₹3 cr |
| Inventory Change (±) | ₹-47 cr |
| Employee Benefit Expense | ₹127 cr |
| Finance Costs | ₹7 cr |
| Depreciation & Amortisation | ₹36 cr |
| Other Expenses | ₹134 cr |
| Total Expenses | ₹443 cr |
| Profit before Tax | ₹116 cr |
| Tax Expense | ₹32 cr |
| Share of JV / Associates | ₹2 cr |
| Net Profit | ₹85 cr |
| Net margin on total income | 15.3% |
| Metric | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|
| Revenue | 494 cr | 535 cr | 525 cr |
| Total income | 520 cr | 552 cr | 559 cr |
| Expenses | 417 cr | 469 cr | 443 cr |
| Profit before tax | 96 cr | 84 cr | 116 cr |
| Tax | 27 cr | 20 cr | 32 cr |
| Net profit (owners' share) | 71 cr | 66 cr | 86 cr |
| Net margin (owners' share, on revenue) | 14.4% | 12.4% | 16.4% |
| EPS (₹) | 7.00 | 6.54 | 8.49 |
| Company | Price | Market cap | P/E | ROE | Net margin | 1-yr return |
|---|---|---|---|---|---|---|
| Poly Medicure Limitedthis company | ₹1,713 | ₹17,360 cr | 50.4 | 11.1% | 16.4% | — |
| Molbio Diagnostics Limited | ₹1,285 | ₹14,493 cr | 61.7 | — | 14.4% | — |
| Fischer Medical Ventures Limited | ₹33 | ₹2,180 cr | 138.8 | 3.9% | 4.6% | — |
| Tarsons Products Limited | ₹308 | ₹1,638 cr | — | -0.9% | -1.3% | — |
| Laxmi Dental Limited | ₹198 | ₹1,089 cr | 26.5 | 16.9% | 13.8% | — |
| Fabtech Technologies Limited | ₹147 | ₹653 cr | 38.7 | 4.0% | 5.6% | — |
| Nureca Limited | ₹332 | ₹317 cr | 25.9 | 6.8% | 7.6% | — |
| Action | Detail | Ex-date |
|---|---|---|
| Dividend | ₹3.5 / share | 28 Aug 2026 |
| Dividend | ₹3.5 / share | 18 Sep 2025 |
| Dividend | ₹3 / share | 19 Sep 2024 |
| Dividend | ₹3 / share | 21 Sep 2023 |
| Dividend | ₹2.5 / share | 16 Sep 2022 |
| Dividend | ₹2.5 / share | 16 Sep 2021 |
A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.
Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.
Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.
The company also transacted with 11 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.
Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.