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POLYMED.NS

Poly Medicure Ltd.

Healthcare
Price research

Price history

1Y window · 2025-09-23 to 2026-09-23

Start 2025-09-23 ₹1952.90
End 2026-09-23 ₹1726.60
Change over window -11.59%
Methodology

Price is the daily close from stored Kite history. The other metrics pair that daily price with the company's periodic filings — each fundamental (revenue, EPS, equity…) is held flat at its latest filed value between annual filings, so a ratio steps at each filing and moves daily only through its price term. A metric with no input on file for this company (e.g. EV/EBITDA for a bank, which has no EBIT) is shown as unavailable, never guessed. Share-count-based metrics use the latest diluted share count against split/bonus-adjusted prices.

Technical analysis

Technical indicators

Same window as the price chart above

These reflect only the stock's recent price and volume behavior — not the company's fundamentals — and are not a recommendation to buy or sell. Standard published parameters are used throughout (see each chart's own label); a company with too little stored price history for a given indicator's lookback window shows that plainly below rather than a garbage or misleading value.

Latest value of each line in the charted window
Methodology

MACD (12,26,9), Stochastic Oscillator (14,3) and Money Flow Index (14-day) each carry their own published reference lines/bands (20/80 for the oscillator readings) where one is standard. ADX includes +DI/-DI for direction alongside trend strength; a dashed line marks the commonly published 25 "trending market" reading. ATR is shown in raw rupees here; the price/volume preset screen (below, and on the Screener page) reports it as a % of price so it's comparable across stocks at different price levels. Computed from the same stored daily OHLCV history as the price chart above — no new data source.

Ratios as of FY2025-26 Annual filing · published 2026-05-25
Price (live) ₹1699.00 INR fetched 2026-09-23 02:33
Fundamental analysis

Ratios

Calculated from this company's filed figures, and from the current price where a ratio needs one. Every ratio shows its source trace: the filed elements it reads and the arithmetic behind the result.

P/E

53.46

P/E = Price / EPS

Source trace FY2025-26 · Annual filing

P/E = Price / (ProfitOrLossAttributableToOwnersOfParent / PaidUpValueOfEquityShareCapital ÷ FaceValueOfEquityShareCapital) → ₹1,699.00 / (₹3,221,396,000 / 101,359,400 shares) = ₹1,699.00 / ₹31.78 EPS

ROE

10.37%

ROE = Net Income / Shareholder Equity

Source trace FY2025-26 · Annual filing

ROE = ProfitOrLossAttributableToOwnersOfParent / EquityAttributableToOwnersOfParent → ₹3,221,396,000 / ₹31,061,727,000 = 10.37%

Debt/Equity

0.11

Debt/Equity = Total Debt / Shareholder Equity

Source trace FY2025-26 · Annual filing

Debt/Equity = BorrowingsCurrent + BorrowingsNoncurrent / EquityAttributableToOwnersOfParent → ₹3,416,175,000 / ₹31,061,727,000 = 0.11

Current Ratio

3.37

Current Ratio = Current Assets / Current Liabilities

Source trace FY2025-26 · Annual filing

Current Ratio = CurrentAssets / CurrentLiabilities → ₹19,417,332,000 / ₹5,755,224,000 = 3.37

ROCE

12.96%

ROCE = EBIT / (Shareholder Equity + Total Debt)

Source trace FY2025-26 · Annual filing

ROCE = ProfitBeforeExceptionalItemsAndTax + FinanceCosts / (EquityAttributableToOwnersOfParent + BorrowingsCurrent + BorrowingsNoncurrent) → ₹4,468,821,000 / (₹31,061,727,000 + ₹3,416,175,000) = 12.96%

Dividend Yield

0.21%

Dividend Yield = (Dividends Paid / Diluted Shares Outstanding) / Price

Qualification This is cash paid during the fiscal year, not a per-share rate declared for it (no such element exists in the filing data) — timing can straddle interim/final dividends across years, and pre-FY2020-21 figures may include the since-abolished Dividend Distribution Tax, reading higher than later years for that reason alone.

Source trace FY2025-26 · Annual filing

Dividend Yield = (|DividendsPaidClassifiedAsFinancingActivities| / PaidUpValueOfEquityShareCapital ÷ FaceValueOfEquityShareCapital) / Price → (₹354,310,000 / 101,359,400 shares) / ₹1,699.00 = ₹3.50 / ₹1,699.00

Growth & quality

Growth & earnings trend

Computed from this company's stored annual filings. Each figure carries the filed values behind it as a tooltip.

Revenue CAGR · 3y 18.9%
Net profit CAGR · 3y 21.6%
Operating margin · FY2025-26 23.8%
ROCE · FY2025-26 12.8%

Revenue & Profit CAGR

Revenue (3y, 3.0y actual)
18.9%
Net Profit (3y)
21.6%
Revenue (5y, 3.0y actual)
18.9%
Net Profit (5y)
21.6%
Revenue (10y, 3.0y actual)
18.9%
Net Profit (10y)
21.6%

Operating Margin Trend

Expanding
FY2022-23
21.9%
FY2023-24
25.7%
FY2024-25
27.5%
FY2025-26
23.8%

ROCE Trajectory

FY2022-23
17.6%
FY2023-24
21.5%
FY2024-25
15.6%
FY2025-26
12.8%

Earnings Quality

No persistent gap detected

Net Profit CAGR 21.57% vs CFO CAGR 8.04% over 3.0y (2023-03-31 → 2026-03-31); most recent year: Net Profit -4.85% vs CFO -0.17%

Sector-Relative Percentile

Sector · Healthcare
ROE 24th percentile Better than 11 of 46 sector peers (24th percentile).
ROCE 20th percentile Better than 9 of 46 sector peers (20th percentile).
Debt/Equity 50th percentile Better than 23 of 46 sector peers (50th percentile).
P/E 46th percentile Better than 21 of 46 sector peers (46th percentile).
Forensic accounting

Beneish M-Score

Eight year-over-year accounting indices (Beneish, 1999) computed for Poly Medicure Ltd. across its two most recently stored annual filings. Read the disclosures below before anything past this paragraph.

This is not an accusation and not a finding that any manipulation occurred. Beneish's own paper is explicit that the score identifies companies whose accounting CHARACTERISTICS resemble those of a sample of past manipulators -- nothing more. StockProof never labels a company "manipulator", "red flag" or "suspicious", and never shows any list of companies ordered by this score. The eight components below -- factual statements about figures the company itself filed -- always come before the composite number, which is the inference, not the fact.

The M-Score is calibrated on 74 US-listed companies from 1982-1992 later found to have manipulated earnings (Beneish, M. D. (1999), "The Detection of Earnings Manipulation", Financial Analysts Journal 55(5)) -- not on any Indian company or era. Measured on StockProof's own Nifty 500 universe as of 2026-09-02, 13.6% of companies score above Beneish's own published cutoff. On any realistic base rate of actual earnings manipulation, that flag rate is overwhelmingly false positives, not overwhelmingly real ones.

No "Selling, General & Administrative Expense" element exists anywhere in NSE's filed data. The SGAI component below is approximated as Employee Benefit Expense + Other Expenses, divided by revenue -- a reasonable stand-in for a manufacturer, but for a services company this proxy is closer to the entire cost base than to SG&A specifically. This is disclosed because it is a genuine deviation from Beneish's published specification; its coefficient (-0.172) is the smallest of the eight, which bounds how far the approximation can move the composite.

This measures something different from a financial-distress score like Altman's Z-Score, and the two essentially never agree. Measured on StockProof's own 389-company overlap as of 2026-09-02: only 5 companies were flagged by both, an agreement rate (intersection ÷ union) of 6.2%, and a correlation between the two scores of +0.088 -- closely matching the independently measured +0.092 over 3,242 Malaysian-listed companies. A low Z-Score and a high M-Score are not corroborating each other; they are unrelated measurements.

Comparing FY2024-25FY2025-26

Index Value Beneish's own threshold Reading, vs. that threshold
DSRI — Days' Sales in Receivables Index 1.352 1.031 Exceeds Beneish's published threshold
GMI — Gross Margin Index 0.980 1.014 Below Beneish's published threshold
AQI — Asset Quality Index 2.478 1.039 Exceeds Beneish's published threshold
SGI — Sales Growth Index 1.123 1.134 Below Beneish's published threshold
DEPI — Depreciation Index 0.875 1.077 Below Beneish's published threshold
SGAI — SG&A Index 1.124 1.041 Exceeds Beneish's published threshold
LVGI — Leverage Index 1.381 1.111 Exceeds Beneish's published threshold
TATA — Total Accruals to Total Assets 0.021 0.018 Exceeds Beneish's published threshold
M-Score (composite) -1.523 Beneish's own published cutoff: -1.78 (a looser cutoff sometimes used in Indian applications: -2.22)

This is a reading against a published statistical model, not a finding and not a verdict on this company -- see the disclosures above, especially how this compares to a general population's own measured false-positive rate.

Financials

Quarterly trend

10 stored quarters

Revenue Net Profit Net Profit (loss quarter)
Metric (to shareholders basis) Q4 FY2023-24 Q1 FY2024-25 Q2 FY2024-25 Q3 FY2024-25 Q4 FY2024-25 Q1 FY2025-26 Q2 FY2025-26 Q3 FY2025-26 Q4 FY2025-26 Q1 FY2026-27 Source
Revenue ₹3.78 Bn ₹3.85 Bn ₹4.20 Bn ₹4.24 Bn ₹4.41 Bn ₹4.03 Bn ₹4.44 Bn ₹4.94 Bn ₹5.35 Bn ₹5.25 Bn RevenueFromOperations
Net Profit ₹0.68 Bn ₹0.74 Bn ₹0.87 Bn ₹0.85 Bn ₹0.92 Bn ₹0.93 Bn ₹0.92 Bn incl. minority ₹0.92 Bn ₹0.71 Bn incl. minority ₹0.71 Bn ₹0.66 Bn incl. minority ₹0.65 Bn ₹0.86 Bn incl. minority ₹0.85 Bn ProfitOrLossAttributableToOwnersOfParent
Basis

Primary figures are Revenue from Operations and Net Profit attributable to shareholders — the basis the ratios use. Where they differ, the companion Gross revenue (incl. inter-segment) and incl. minority net profit (the totals a news headline usually quotes) are shown beneath, each traceable to its own XBRL element. Quarters shown are however many are actually stored (up to 10).

Ownership

Shareholding pattern

Latest filing Jun 2026 · 12 filings on file

Promoter & Promoter Group
62.42%
Public
37.58%
Employee Trusts
0.00%
Promoter % Public %
Metric Dec 2023 Mar 2024 Jun 2024 Aug 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
Promoter & Promoter Group 53.16% 53.15% 66.03% 62.56% 62.56% 62.44% 62.44% 62.44% 62.42% 62.42% 62.42% 62.42%
Public 46.84% 46.85% 33.97% 37.44% 37.44% 37.56% 37.56% 37.56% 37.58% 37.58% 37.58% 37.58%
Employee Trusts 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Source

Promoter vs. public shareholding, from NSE's own quarterly shareholding-pattern filings. This is the headline promoter/public split only — a further breakdown by FII/DII/mutual fund holders requires each filing's own detailed disclosure and isn't shown here.

Trading activity

Delivery volume

20 trading days shown

Latest (2026-09-23) 55.2%
Trailing 20-day average 45.8%
Date Traded Qty Delivery Qty Delivery %
2026-09-23 66841 36919 55.23%
2026-09-22 59651 29789 49.94%
2026-09-21 72056 33248 46.14%
2026-09-18 150328 63082 41.96%
2026-09-17 93343 34586 37.05%
2026-09-16 116363 60931 52.36%
2026-09-15 49164 25865 52.61%
2026-09-11 69913 29573 48.83%
2026-09-10 99923 45028 45.06%
2026-09-09 75116 34221 45.56%
2026-09-08 127092 50359 39.62%
2026-09-07 193636 65892 34.03%
2026-09-04 171700 89247 51.98%
2026-09-03 142292 62375 43.84%
2026-09-02 744104 211127 28.37%
2026-09-01 180195 89656 49.75%
2026-08-31 283673 124854 44.01%
2026-08-28 197416 101715 51.52%
2026-08-27 109590 45519 41.54%
2026-08-26 91740 51329 55.95%
Source

Delivery quantity/percentage from the NSE bhavcopy (DELIV_QTY/DELIV_PER) — the share of that day's traded volume that actually settled into a demat account, rather than being squared off intraday. A higher delivery percentage is commonly read as genuine accumulation/distribution rather than speculative same-day trading; this describes recent trading PATTERN, not the company itself, and is not a recommendation to buy or sell. A blank cell is a day NSE itself published no figure for, never a zero.

Insider trading activity

20 disclosures shown

Disclosed Person Category Type Mode Quantity Value (₹) Resulting stake Source
17 Aug 2023 RISHI BAID Director Sell Market Sale 24950 36774439 10.18% XBRL
14 Aug 2023 RISHI BAID Director Sell Market Sale 99264 146185779 10.21% XBRL
01 Apr 2022 RISHI BAID Director Sell Market Sale 30000 28308980 10.32% XBRL
29 Mar 2022 RISHI BAID Director Sell Market Sale 60000 50860424 10.35% XBRL
28 Mar 2022 RISHI BAID Director Sell Market Sale 10000 8469419 10.41% XBRL
01 Jul 2021 VCB TRADING LLP Promoter Group Sell Market Sale 100000 99500000 3.69% XBRL
11 Mar 2020 JAS KARAN SANCHETI OSWALj Key Managerial Personnel Sell Market Sale 900 278520 0.04% XBRL
11 Mar 2020 NIDHI OSWAL (DAUGHTER OF CFO) Immediate relative Sell Market Sale 210 64981 0.00% XBRL
11 Mar 2020 JAS KARAN SANCHETI OSWALj Key Managerial Personnel Buy Market Purchase 450 130054 0.04% XBRL
27 Dec 2019 M/S. POLYCURE MARTECH LIMITED Promoter Group Buy Market Purchase 2000 413400 0.01% XBRL
23 Jul 2018 HIMANSHU BAID Promoters Sell Market Sale 167000 36561083 8.96% XBRL
23 Jul 2018 RISHI BAID Promoters Buy Market Purchase 167000 36561083 11.33% XBRL
09 Apr 2018 JAS KARAN SANCHETI OSWALj Key Managerial Personnel Buy Market Purchase 300 77923 0.04%
09 Apr 2018 JAS KARAN SANCHETI OSWALj Key Managerial Personnel Buy Market Purchase 71 18330 0.04%
25 Jan 2018 JAS KARAN SANCHETI OSWALj Key Managerial Personnel Buy Market Purchase 650 168925 0.04%
23 Jan 2018 JAS KARAN SANCHETI OSWALj Key Managerial Personnel Buy Market Purchase 1561 411681 0.04%
18 Sep 2017 JAS KARAN SANCHETI OSWALj Key Managerial Personnel Sell Market Sale 3459 827102 0.04%
02 Sep 2017 JAS KARAN SANCHETI OSWALj Key Managerial Personnel Buy Market Purchase 1008 208876 0.05%
21 Aug 2017 JAS KARAN SANCHETI OSWALj Key Managerial Personnel Buy Market Purchase 377 79074 0.04%
21 Aug 2017 JAS KARAN SANCHETI OSWALj Key Managerial Personnel Buy Market Purchase 800 165942 0.04%
About these disclosures

SEBI PIT (Prohibition of Insider Trading) Regulation 7 disclosures — designated persons (promoters, directors, KMPs, and their immediate relatives) reporting their own dealing in the company's securities, as NSE publishes them. Distinct from the SAST (Regulation 29 substantial-acquisition) filings on the market-wide SAST activity page. Public record only — this is descriptive disclosure data, not a signal, and is not a recommendation to buy or sell.

Filings & evidence

Source documents

FY2025-26 · Annual filing

The raw filing line items behind the figures on this page, and NSE's own filing document where NSE publishes one.

Source document — income statement (FY2025-26, raw filing line items)
Line itemFiled value
ProfitOrLossAttributableToOwnersOfParent3221396000.0
PaidUpValueOfEquityShareCapital ÷ FaceValueOfEquityShareCapital101359400.0
Source document — balance sheet (FY2025-26, raw filing line items)
Line itemFiled value
CurrentAssets19417332000.0
CurrentLiabilities5755224000.0
EquityAttributableToOwnersOfParent31061727000.0
BorrowingsCurrent + BorrowingsNoncurrent3416175000.0
Research notes

My notes