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Poly Medicure Limited (POLYMED) Fair Value & Analysis

Healthcare · IN · Market cap ₹176B

PM Poly Medicure Limited POLYMED · NSE
Price₹1,678
Fair Value₹540.29
Upside-67.8%
Quality44/100
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Evidence: High Range ₹405.22 – ₹718.49

Fair value as of: Jul 3, 2026

From 16 valuation models · updated today

Share price +25.3% over the past month.

Price vs Fair Value (12 months)

₹2,238 ₹1,191 Fair Value ₹540.29 Jul 2025 Jul 2026

12‑month range ₹1,191 – ₹2,238 · fair‑value band ₹405.22 – ₹718.49 · the ₹1,678 price screens above the ₹540.29 fair value. As of Jul 3, 2026.

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Analysis

Poly Medicure Limited (POLYMED) currently trades at ₹1,678, while our model-based Fair Value estimate is ₹540.29 — implying the stock looks roughly 67.8% overvalued today. We read business quality at 44/100 (below-average quality), in the Healthcare sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: high).

Over the trailing twelve months, Poly Medicure Limited generated revenue of ₹18.8B at a net margin of 17.2%. Revenue grew 21.3% year over year. It earns a return on equity of 10.9%. Net debt stands at ₹2.7B. Fundamentals as of Jul 3, 2026

Key figures & financial health

Revenue (TTM) ₹18.8B
Revenue growth (YoY) +21.3%
Net margin 17.2%
Return on equity 10.9%
Free cash flow −₹602M FY2026
P/E ratio 54.4
More key figures
Operating margin 13.5%
EPS (TTM) ₹31.82
Dividend yield 0.2%
EPS growth (YoY) -26.8%
Net debt ₹2.7B FY2026

Figures from reported company fundamentals (EODHD) · as of Jul 3, 2026. TTM = trailing twelve months.

About the company

Poly Medicure Limited engages in the manufacture and sale of medical devices in India and internationally. The company offers infusion therapy products, such as I.V Infusion set, extension lines, needle free connector, I.V flow regulator extension set, burette set, three way stop cock, vial access spike, transfer spike, orburator, polyflush, maifolds, polyswab, and arterial blood collection; critical care products, including vial access spikes, arterial cannula, mini mid lines over the wire, extension line, enteral connector, central venous catheters, and huber needle; dialysis and renal care products, comprising peritoneal dialysis set, haemocent, standard and safety fistula needle, dialyzer, bloodlines and dialysis system. It also provides cardiology products PTFE wire, inflation device, Y-connector, manifold, introducer, IV Cannula, hydrophilic wire, guiding catheter, drug eluting stent, PTCA dilation catheter, diagnostic catheter, and electrocardiograph electrodes; vaccular …

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Poly Medicure Limited reported revenue of ₹18.8B in FY2026 versus ₹9.2B in FY2022, a compound +19.4%/yr. Reported net income was ₹3.2B in FY2026, compounding +21.8%/yr from FY2022.

Revenue +19.4%/yr
FY22 ₹9.2B
FY23 ₹11.2B
FY24 ₹13.8B
FY25 ₹16.7B
FY26 ₹18.8B
Net income +21.8%/yr
FY22 ₹1.5B
FY23 ₹1.8B
FY24 ₹2.6B
FY25 ₹3.4B
FY26 ₹3.2B

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6 more Medical Instruments & Supplies stocks, each showing price versus our Fair Value estimate (as of Jul 3, 2026).

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EssilorLuxottica Société anonyme ESLOF $205.86 $114.90 -44%
HOYA Corporation HOCPY $162.33 $101.00 -38%
Medline Inc MDLN $33.61 $31.78 -5%
Becton, Dickinson and Company BDX $147.79 $124.26 -16%
Alcon Inc ALC $66.11 $36.99 -44%

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Frequently asked questions

Is Poly Medicure Limited (POLYMED) undervalued?
As of Jul 3, 2026, our model estimates a fair value of ₹540.29 versus a price of ₹1,678 — about −68% (overvalued). Model-based estimate, not financial advice.
What is the fair value of POLYMED?
Our model-based fair value for Poly Medicure Limited is ₹540.29 (as of Jul 3, 2026), built from audited fundamentals. The current price is ₹1,678.
What is the quality score of POLYMED?
Poly Medicure Limited has a Quality Score of 44/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Poly Medicure Limited (POLYMED)?
Poly Medicure Limited reported trailing-twelve-month revenue of about ₹18.8B (latest available figure, as of Jul 3, 2026).
What is the net profit margin of POLYMED?
The net profit margin of Poly Medicure Limited is about 17.2%, meaning it keeps roughly 17.2% of revenue as net income. Based on the latest reported figures.
Does Poly Medicure Limited pay a dividend?
Poly Medicure Limited currently shows a dividend yield of about 0.21% relative to its recent price (as of Jul 3, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.