Poly Medicure Ltd.

NSE: POLYMED BSE: 531768 SECTOR: Medical Equipment/Supplies/Accessories  23k   261   34

991.25
-46.05 (-4.44%)
NSE: 06 Dec 04:09 PM

Price Summary

Today's High

₹ 1044.6

Today's Low

₹ 976.5

52 Week High

₹ 1165

52 Week Low

₹ 449.25

FinStar

Ownership Stable
Ownership strength is slightly missing the benchmark.
ValuationExpensive
The stock is at a premium valuation at this point.
EfficiencyExcellent
The company knows very well the utilization of its assets.
FinancialsVery Stable
The company possesses stable growth history and manageable debt.
*It is just an analytical rating of the company and not an investment advice.

Company Essentials

Market Cap

9506.12 Cr.

Enterprise Value

9601.42 Cr.

No. of Shares

9.59 Cr.

P/E

66

P/B

9.47

Face Value

₹ 5

Div. Yield

0.25 %

Book Value (TTM)

₹  104.68

CASH

27.4 Cr.

DEBT

122.7 Cr.

Promoter Holding

44.77 %

EPS (TTM)

₹  15.02

Sales Growth

15.66%

ROE

18.74 %

ROCE

21.62%

Profit Growth

40.19 %

* Total debt includes long term borrowing, short term borrowing plus current maturities of long-term borrowing
* Ratios are based on latest Audited Financial Result.

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Price Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

 

Volume Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

* Prices are based on daily market changes.
* The chart is based on the standalone earnings of the company. * Negative values and values more than 1000x in PE chart is considered 0.

Peer Comparison

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* The Peers list includes companies operating in the same industry and having comparable market cap.

 Group Companies

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Ratios

Sales Growth

1 Year15.66%
3 Year13.7%
5 Year13.63%

Profit Growth

1 Year40.19%
3 Year22.65%
5 Year22.31%

ROE%

1 Year18.74%
3 Year20.06%
5 Year21.25%

ROCE %

1 Year21.62%
3 Year23.06%
5 Year24.09%

Debt/Equity

0.1287

Price to Cash Flow

81.67

Interest Cover Ratio

18.4289505428227

CFO/PAT (5 Yr. Avg.)

1.17471850758365

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Sep 2021 44.77 0
Jun 2021 44.77 0
Mar 2021 44.88 0
Dec 2020 48.77 0
Sep 2020 48.76 0
Investors List
* Figures given above are % of equity capital

 Strengths

  • The company has shown a good profit growth of 22.6480938778544% for the Past 3 years.
  • The company has significantly decreased its debt by 66.9134 Cr.
  • Company has been maintaining healthy ROE of 20.0550087579784% over the past 3 years.
  • Company has been maintaining healthy ROCE of 23.0590127013702% over the past 3 years.
  • Company has a healthy Interest coverage ratio of 18.4289505428227.
  • The Company has been maintaining an effective average operating margins of 24.2024497317648% in the last 5 years.
  • The company has an efficient Cash Conversion Cycle of 78.7031013850587 days.
  • Company has a healthy liquidity position with current ratio of 3.67650240080352.
  • The company has a good cash flow management; CFO/PAT stands at 1.17471850758365.

 Limitations

  • The company has shown a poor revenue growth of 13.7020258984202% for the Past 3 years.
  • The company is trading at a high PE of 66.
  • The company is trading at a high EV/EBITDA of 38.7405.

Quarterly Result (All Figures in Cr.)

PARTICULARS Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021
Net Sales 190.23 194.03 202.51 202.97 211.93
Total Expenditure 136.19 137.62 149.6 149 161.48
Operating Profit 54.04 56.41 52.91 53.97 50.46
Other Income 3.62 4.79 7.43 10.23 12.29
Interest 2.64 4.62 -1.97 3.02 0.03
Depreciation 11.14 12.25 12.21 12.55 13.19
Exceptional Items 0 0 0 0 0
Profit Before Tax 43.88 44.33 50.1 48.63 49.53
Tax 10.65 10.82 12.96 12.6 12.19
Profit After Tax 33.23 33.52 37.15 36.03 37.34
Adjusted EPS (Rs) 3.77 3.8 3.87 3.76 3.89

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Net Sales 439.5 508.44 586.69 646.16 747.38
Total Expenditure 345.39 386.94 452.71 483.92 537.03
Operating Profit 94.11 121.5 133.98 162.24 210.36
Other Income 13.53 14.37 16.05 18.58 19.29
Interest 8.42 11.11 13.18 19.76 9.95
Depreciation 22.96 28.41 36.36 39.28 46.31
Exceptional Items 0 0 0 0 0
Profit Before Tax 76.26 96.36 100.49 121.78 173.38
Tax 20.06 26.16 34.21 29.4 43.87
Net Profit 56.2 70.2 66.28 92.38 129.51
Adjusted EPS (Rs.) 6.37 7.96 7.51 10.47 13.51

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Equity and Liabilities
Share Capital 44.11 44.11 44.12 44.12 47.94
Total Reserves 225.06 290.4 335.66 385.16 906.07
Borrowings 47.62 79.12 91.38 110.57 59.74
Other N/C liabilities 23.93 24.83 26.96 23.92 21.67
Current liabilities 108.13 116.18 162.44 208.27 195.54
Total Liabilities 448.86 554.64 660.56 772.05 1230.96
Assets
Net Block 200.49 256.09 268.54 324.16 384.97
Capital WIP 11.77 9.66 9.29 16.7 14.74
Intangible WIP 8.23 8.58 9.24 7.88 6.43
Investments 6.25 11.19 45.55 45.49 44.33
Loans & Advances 17.45 13.7 8.82 19.54 11.05
Other N/C Assets 4.59 5.6 10.39 32.88 50.54
Current Assets 200.08 249.81 308.73 325.4 718.9
Total Assets 448.86 554.64 660.56 772.05 1230.96
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Profit from operations 76.26 96.36 100.49 121.78 173.38
Adjustment 21.89 37.78 40.93 50.36 44.94
Changes in Assets & Liabilities -24.92 -35.5 -0.74 -9.66 -57.79
Tax Paid -18.21 -23.14 -27.49 -35.58 -44.14
Operating Cash Flow 55.02 75.5 113.19 126.91 116.4
Investing Cash Flow -54.18 -87.07 -104.27 -105.67 -434.41
Financing Cash Flow -0.77 14.48 -9.69 -22.25 318.92
Net Cash Flow 0.07 2.91 -0.77 -1.02 0.9

Corporate Actions

Investors Details

PARTICULARS Sep 2020% Dec 2020% Mar 2021% Jun 2021% Sep 2021%
Promoters 48.76 48.77 44.88 44.77 44.77
rishi baid 11.14 11.14 10.42 10.42 10.42
himanshu baid 9.15 9.15 8.25 8.25 8.25
himanshu baid(huf) - 4.35 - - -
himanshu baid (huf) 4.35 - 4.00 4.00 4.00
vcb trading llp 4.13 4.13 3.80 3.69 3.69
jai polypan pvt. l... - 3.80 - - -
jai polypan privat... - - 3.50 3.50 3.50
jai polypan pvt. l... 3.80 - - - -
mukulika baid - - 3.19 3.19 3.19
smt mukulika baid 3.47 - - - -
smt. mukulika baid - 3.47 - - -
rishi baid(huf) - 3.15 - - -
rishi baid (huf) 3.15 - 2.90 2.90 2.90
jugal kishore baid 2.58 2.58 2.38 2.38 2.38
vishal baid 1.91 1.91 1.75 1.75 1.75
shailey baid 1.35 1.35 1.24 1.24 1.24
shireen baid 1.27 1.27 1.17 1.17 1.17
neha baid 1.16 1.16 1.07 1.07 1.07
dhruv baid 0.41 0.41 0.67 0.38 0.38
aaryaman baid 0.32 0.32 0.29 0.29 0.29
arham baid 0.32 0.32 - 0.29 0.29
madhu kothari 0.19 0.19 0.18 0.18 0.18
vinay kothari 0.06 0.06 0.06 0.06 0.06
polycure martech l... - - 0.01 0.01 0.01
PARTICULARS Sep 2020% Dec 2020% Mar 2021% Jun 2021% Sep 2021%
Investors 51.24 51.23 55.12 55.23 55.23
ezekiel global bus... 14.01 14.01 12.89 12.89 12.89
zetta matrix consu... 9.43 9.43 8.68 8.68 8.68
matthews india fund 4.71 4.44 - - -
smallcap world fun... - - 4.63 4.70 4.70
lighthouse india i... - - 3.73 3.73 3.73
scg & co llp 3.49 3.49 - - -
nirajkumar vinodku... 2.47 2.47 - - -
uti - healthcare f... - - 1.18 1.92 2.35
nilaykumar vinodku... 2.20 2.20 2.07 2.07 2.07
ashish kacholia 1.03 1.44 1.77 1.67 1.67
nirmala vinodkumar... - - 1.10 - -
varun daga 1.77 1.77 1.63 1.63 1.63
shreans daga 1.76 1.76 1.26 1.23 1.23
kjmc financial ser... 1.01 - - - -

Annual Reports

Ratings & Research Reports

Company Presentations

  • PresentationQ3FY21 8 Feb 2021
  • PresentationQ4FY21 26 May 2021

Poly Medicure Stock Price Analysis and Quick Research Report. Is Poly Medicure an attractive stock to invest in?

 

The Indian healthcare sector is expected to reach US$ 372 billion by 2022, driven by rising incomes, greater health awareness, lifestyle diseases and increasing access to insurance. Healthcare has become one of India’s largest sectors - both in terms of revenue and employment.

Healthcare comprises hospitals, medical devices, clinical trials, outsourcing, telemedicine, medical tourism, health insurance, and medical equipment. The structure of the healthcare delivery system in India consists of three broad segments: Primary care, Secondary care, and Tertiary care.

  • Primary care is the first point of contact between the population and the healthcare service providers. For example, Sub-center (SC), Primary Health Centre (PHC) and Community Health Centre (CHC) which is more relevant to rural areas (PHC’s).
  • Secondary care providers inpatient as well as outpatient medical services and includes simple surgical procedures. For example, District level & Mid-sized hospitals.
  • Tertiary care is the third level of the healthcare delivery system in the country. These hospitals are specialized consultative healthcare infrastructure. For example, Single specialty and Multi-specialty hospitals.

While healthcare services are offered by the public as well as private sectors, in urban as well as rural areas, generally people prefer private hospitals over public hospitals for treatment of diseases, illness, and sickness. So, let’s look into Poly Medicure and its performance over the period of time.

  • Operating cash flow ratio: It measures the adequacy of a company’s cash generated from operating activities to pay off short-term financial obligations. Its cash from the operating activity was Rs 116.3964 Cr.
     
  • Financial Strength: Health care organizations usually have high debt loads and low equity capital in their balance sheet. So, Debt to Equity ratio is important to analyze the company’s sustainability. Poly Medicure has a Debt to Equity ratio of 0.1287 , which is a strong indication for the company.
     
  • EPS growth: Investors should ensure the EPS figure is growing faster than revenue numbers because it indicates company management is increasing the efficiency with which it runs the company. In Poly Medicure , the EPS growth was 29.0284371507446 % which is good for the company.
     
  • Operating profit margin: It determines a company's potential earnings. It assesses how well-managed a company with respect to its basic overhead costs and other operating expenses, Poly Medicure has OPM of 28.1458594689947 % which is a good sign for profitability.
     
  • ROE: Poly Medicure have a average ROE of 18.7376520804691 %. ROE is an important financial parameter for hospitals & health care companies because they expand and grow rapidly. Therefore, ROE measures how efficiently a shareholder's fund is used for generating profits.
Brief about Poly Medicure

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