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    Poly Medicure Limited

    Indian medical-device maker spanning infusion, renal, cardiology and orthopaedics; sold in 125+ countries.

    Healthcare
    Healthcare
    View POLYMED earnings calls
    ₹1,563.3
    +5.08% from avg

    Overview

    Price

    ₹1,563.3

    Market Cap

    ₹16.7k Cr

    Sector

    Healthcare

    Healthcare

    Rank

    4

    Performance

    Financials

    Income Statement

    Financial Trajectories

    11
    Quarterly

    Balance Sheet

    Balance Sheet

    ₹ Cr · Annual
    Line itemFY20FY21FY22FY23FY24FY25FY26FY26
    LiabilitiesEquity Capital4448484848515151
    Reserves3859061.0k1.2k1.4k2.7k2.9k3.0k
    Borrowings194126111137164172240252
    Other Liabilities117107146167199224429246
    Total Liabilities7401.2k1.3k1.5k1.8k3.1k3.6k3.5k
    AssetsFixed Assets3283894515988311.0k1.4k1.2k
    CWIP2521437871938390
    Investments583853841812211.1k9301.2k
    Other Assets3303924566816998731.1k994
    Total Assets7401.2k1.3k1.5k1.8k3.1k3.6k3.5k

    Cash Flow

    Cash Flow

    ₹ Cr · Annual
    Line itemFY19FY20FY21FY22FY23FY24FY25FY26
    ActivitiesCash from Operating113127116126197256237245
    Cash from Investing-104-106-434-89-189-237-1.2k-268
    Cash from Financing-10-22319-40-8-1795328
    SummaryCapital Expenditure
    Free Cash Flow682323-24-40-13-87-49
    FCF Margin

    Valuation

    Assumptions

    Current — POLYMED
    Price
    ₹1,563
    EPS (TTM)
    ₹33.15
    PE (TTM)
    47.2
    Profit growth
    23.6%

    The Earnings Per Share over the last 12 months.

    %

    Your assumption of the company's expected yearly EPS growth (e.g., 6 for 6%).

    Pre-filled with the lower of median (59.9×) and current (47.2×) PE — the conservative anchor.

    %

    The annualized return you aim to achieve. We solve for the price that delivers it, then compare to today's price.

    Valuation

    Current price
    ₹1,563
    vs
    Fair value · 15% return
    ₹2,056
    32%Undervalued

    At 23.6% growth and a 47× exit, ₹1563 only delivers your return if you pay ₹2,056. The price is currently baking in 18% growth.

    EPS grows 23.6%/yr for 5 years, then fades to 6% over 2, exits at 47×.

    YearGrowthEPS (₹)
    FY2723.6%40.97
    FY2823.6%50.64
    FY2923.6%62.59
    FY3023.6%77.37
    FY3123.6%95.63
    FY3214.8% ·fade109.78
    FY336.0% ·fade116.37

    Methodology: we discount normalized net profit as a proxy for owner earnings (an earnings-power approximation — not full free cash flow). Terminal growth is capped at 6% (≈ nominal GDP) regardless of the required return. This is an analytical tool, not investment advice.

    Learn to analyse Poly Medicure Limited

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