About
Poly Medicure Limited engages in the manufacture and sale of medical devices in India and internationally. The company offers infusion therapy products, including 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 balloon dilation catheter, diagnostic catheter, and electrocardiograph electrodes; vaccular access products; oncology products; diagnostics products, including blood collection tubes, safety blood collection set, blood collection needles, and standard needle holder. In addition, the company offers transfusion system products, including blood bags, blood administration set, and others; anesthesia and respiratory care products, comprising variable concentration masks, oxygen mask with reservoirs, fixed concentration masks, aerosol therapy masks, ventilator circuits, suction catheters, spinal needle, polyciser, oxygen catheter, nebulizer compressor system, twin bore nasal oxygen cannula mucus extractor, HME filter, oro-pharyngeal airways, endotracheal tubes, catheter mount, and brain circuit; urology products, including urine collection bags, leg bag set, irrigation sets, and foley balloon and urine drainage catheters; wound drainage; and gastroenterology products. The company was incorporated in 1995 and is based in New Delhi, India.
Key Metrics
as of Sep 2026Quarterly Results
Rs. Crores · hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 525.00 | 535.00 | 494.00 | 444.00 | 403.00 | 441.00 | 424.00 | 420.00 | 385.00 | 378.00 | 340.00 | 337.00 | 321.00 |
| Expenses | 400.00 | 424.00 | 382.00 | 329.00 | 298.00 | 321.00 | 310.00 | 305.00 | 281.00 | 282.00 | 249.00 | 253.00 | 234.00 |
| Operating Profit | 125.00 | 110.00 | 111.00 | 115.00 | 106.00 | 119.00 | 114.00 | 115.00 | 104.00 | 96.00 | 90.00 | 84.00 | 87.00 |
| OPM % | 24.00 | 21.00 | 23.00 | 26.00 | 26.00 | 27.00 | 27.00 | 27.00 | 27.00 | 26.00 | 27.00 | 25.00 | 27.00 |
| Other Income | 35.00 | 19.00 | 21.00 | 35.00 | 43.00 | 27.00 | 24.00 | 27.00 | 17.00 | 15.00 | 17.00 | 15.00 | 14.00 |
| Depreciation | 36.00 | 38.00 | 29.00 | 25.00 | 23.00 | 21.00 | 21.00 | 21.00 | 20.00 | 16.00 | 16.00 | 16.00 | 16.00 |
| Interest | 6.00 | 6.00 | 6.00 | 3.00 | 3.00 | 2.00 | 3.00 | 3.00 | 3.00 | 3.00 | 3.00 | 2.00 | 2.00 |
| Profit before tax | 117.00 | 85.00 | 98.00 | 122.00 | 123.00 | 123.00 | 113.00 | 118.00 | 98.00 | 92.00 | 88.00 | 81.00 | 83.00 |
| Tax % | 27.00 | 24.00 | 27.00 | 25.00 | 24.00 | 25.00 | 25.00 | 26.00 | 25.00 | 26.00 | 26.00 | 23.00 | 24.00 |
| Net Profit | 85.00 | 65.00 | 71.00 | 92.00 | 93.00 | 92.00 | 85.00 | 87.00 | 74.00 | 68.00 | 65.00 | 62.00 | 63.00 |
| EPS in Rs | 8.49 | 6.54 | 7.00 | 9.06 | 9.19 | 9.06 | 8.41 | 8.63 | 7.71 | 7.12 | 6.78 | 6.48 | 6.54 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,875.00 | 1,669.00 | 1,375.00 | 1,115.00 | 922.00 | 785.00 | 687.00 | 610.00 | 519.00 | 454.00 | 411.00 | 390.00 |
| Expenses | 1,429.00 | 1,213.00 | 1,014.00 | 847.00 | 707.00 | 569.00 | 520.00 | 479.00 | 397.00 | 361.00 | 323.00 | 304.00 |
| Operating Profit | 446.00 | 456.00 | 361.00 | 267.00 | 215.00 | 216.00 | 166.00 | 131.00 | 122.00 | 93.00 | 88.00 | 86.00 |
| OPM % | 24.00 | 27.00 | 26.00 | 24.00 | 23.00 | 28.00 | 24.00 | 22.00 | 23.00 | 21.00 | 21.00 | 22.00 |
| Other Income | 119.00 | 94.00 | 60.00 | 38.00 | 40.00 | 22.00 | 21.00 | 20.00 | 16.00 | 14.00 | 8.00 | 28.00 |
| Interest | 21.00 | 14.00 | 14.00 | 11.00 | 6.00 | 11.00 | 20.00 | 14.00 | 12.00 | 8.00 | 10.00 | 10.00 |
| Depreciation | 116.00 | 83.00 | 63.00 | 57.00 | 54.00 | 48.00 | 41.00 | 37.00 | 29.00 | 24.00 | 21.00 | 19.00 |
| Profit before tax | 427.00 | 453.00 | 344.00 | 237.00 | 195.00 | 180.00 | 126.00 | 100.00 | 97.00 | 75.00 | 65.00 | 85.00 |
| Tax % | 25.00 | 25.00 | 25.00 | 25.00 | 25.00 | 25.00 | 24.00 | 35.00 | 27.00 | 27.00 | 27.00 | 27.00 |
| Net Profit | 321.00 | 339.00 | 258.00 | 179.00 | 147.00 | 136.00 | 96.00 | 65.00 | 71.00 | 55.00 | 48.00 | 62.00 |
| EPS in Rs | 31.78 | 33.41 | 26.91 | 18.69 | 15.28 | 14.17 | 10.86 | 7.41 | 8.00 | 6.25 | 5.47 | 7.07 |
| Dividend Payout % | 11.00 | 10.00 | 11.00 | 16.00 | 16.00 | 18.00 | 18.00 | 27.00 | 25.00 | 40.00 | 27.00 | 18.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 51.00 | 51.00 | 48.00 | 48.00 | 48.00 | 48.00 | 44.00 | 44.00 | 44.00 | 44.00 | 22.00 | 22.00 |
| Reserves | 3,055.00 | 2,715.00 | 1,422.00 | 1,194.00 | 1,040.00 | 918.00 | 391.00 | 337.00 | 294.00 | 227.00 | 207.00 | 174.00 |
| Borrowings | 354.00 | 180.00 | 174.00 | 149.00 | 127.00 | 137.00 | 207.00 | 161.00 | 133.00 | 101.00 | 82.00 | 79.00 |
| Other Liabilities | 401.00 | 246.00 | 215.00 | 187.00 | 163.00 | 121.00 | 126.00 | 112.00 | 94.00 | 85.00 | 76.00 | 89.00 |
| Total Liabilities | 3,861.00 | 3,192.00 | 1,859.00 | 1,577.00 | 1,377.00 | 1,224.00 | 767.00 | 654.00 | 565.00 | 457.00 | 387.00 | 364.00 |
| Fixed Assets | 1,694.00 | 1,084.00 | 867.00 | 635.00 | 488.00 | 426.00 | 363.00 | 306.00 | 265.00 | 207.00 | 182.00 | 165.00 |
| CWIP | 99.00 | 101.00 | 76.00 | 78.00 | 43.00 | 21.00 | 25.00 | 19.00 | 18.00 | 20.00 | 14.00 | 10.00 |
| Investments | 755.00 | 1,076.00 | 167.00 | 126.00 | 346.00 | 354.00 | 25.00 | 8.00 | 17.00 | 3.00 | 4.00 | 4.00 |
| Other Assets | 1,313.00 | 930.00 | 748.00 | 738.00 | 499.00 | 422.00 | 354.00 | 321.00 | 264.00 | 227.00 | 187.00 | 185.00 |
| Total Assets | 3,861.00 | 3,192.00 | 1,859.00 | 1,577.00 | 1,377.00 | 1,224.00 | 767.00 | 654.00 | 565.00 | 457.00 | 387.00 | 364.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 246.00 | 233.00 | 266.00 | 191.00 | 123.00 | 119.00 | 131.00 | 106.00 | 75.00 | 56.00 | 63.00 | 63.00 |
| Cash from Investing Activity | -224.00 | -1,187.00 | -241.00 | -179.00 | -85.00 | -436.00 | -109.00 | -101.00 | -88.00 | -56.00 | -31.00 | -59.00 |
| Cash from Financing Activity | 20.00 | 951.00 | -20.00 | -13.00 | -35.00 | 317.00 | -21.00 | -5.00 | 16.00 | 0.00 | -31.00 | -6.00 |
| Net Cash Flow | 43.00 | -3.00 | 5.00 | -1.00 | 3.00 | 0.00 | 1.00 | 1.00 | 3.00 | 0.00 | 1.00 | -2.00 |
| Free Cash Flow | -59.00 | -97.00 | -9.00 | -48.00 | -31.00 | 24.00 | 25.00 | 31.00 | -7.00 | 0.00 | 31.00 | 13.00 |
| CFO/OP % | 78.00 | 71.00 | 94.00 | 93.00 | 80.00 | 75.00 | 100.00 | 102.00 | 80.00 | 79.00 | 88.00 | 101.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 103.00 | 76.00 | 72.00 | 77.00 | 82.00 | 72.00 | 68.00 | 77.00 | 79.00 | 77.00 | 74.00 | 59.00 |
| Inventory Days | 323.00 | 233.00 | 205.00 | 237.00 | 218.00 | 217.00 | 241.00 | 186.00 | 161.00 | 194.00 | 114.00 | 148.00 |
| Days Payable | 91.00 | 70.00 | 89.00 | 105.00 | 115.00 | 111.00 | 142.00 | 123.00 | 96.00 | 131.00 | 76.00 | 101.00 |
| Cash Conversion Cycle | 335.00 | 239.00 | 188.00 | 209.00 | 185.00 | 179.00 | 166.00 | 139.00 | 144.00 | 140.00 | 111.00 | 106.00 |
| Working Capital Days | 105.00 | 75.00 | 54.00 | 69.00 | 81.00 | 74.00 | 42.00 | 56.00 | 71.00 | 55.00 | 35.00 | 25.00 |
| ROCE % | 12.00 | 18.00 | 24.00 | 18.00 | 17.00 | 22.00 | 25.00 | 22.00 | 26.00 | 24.00 | 26.00 | 30.00 |
Corporate Actions
28 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Dividend | 18 Sep 2025 | 18 Sep 2025 | — | 3.50 | |
| Dividend | 19 Sep 2024 | — | — | 3.00 | |
| Dividend | 21 Sep 2023 | — | — | 3.00 | |
| Dividend | 16 Sep 2022 | — | — | 2.50 | |
| Dividend | 16 Sep 2021 | 17 Sep 2021 | — | 2.50 | |
| Other | 16 Sep 2021 | — | — | — | Annual General Meeting |
| Other | 21 Sep 2020 | — | — | — | Annual General Meeting |
| Dividend | 27 Feb 2020 | 29 Feb 2020 | — | 2.00 | |
| Dividend | 13 Sep 2019 | — | — | 2.00 | |
| Dividend | 18 Sep 2018 | — | — | 2.00 | |
| Dividend | 20 Sep 2017 | — | — | 0.50 | |
| Bonus | 24 Mar 2017 | 28 Mar 2017 | 1:1 | — | |
| Dividend | 15 Feb 2017 | 16 Feb 2017 | — | 1.00 | |
| Dividend | 11 Nov 2016 | 15 Nov 2016 | — | 1.00 | |
| Dividend | 19 Sep 2016 | — | — | 0.50 | |
| Dividend | 17 Mar 2016 | 18 Mar 2016 | — | 2.50 | |
| Dividend | 18 Sep 2015 | — | — | 2.50 | |
| Split | 02 Feb 2015 | 03 Feb 2015 | 10:5 | — | |
| Dividend | 15 Sep 2014 | — | — | 4.00 | |
| Dividend | 19 Sep 2013 | — | — | 2.00 | |
| Bonus | 09 Jul 2013 | 10 Jul 2013 | 1:1 | — | |
| Dividend | 13 Sep 2012 | — | — | 3.00 | |
| Dividend | 25 Aug 2011 | — | — | 3.00 | |
| Dividend | 24 Aug 2010 | — | — | 2.50 | |
| Bonus | 26 Mar 2010 | 29 Mar 2010 | 1:1 | — | |
| Dividend | 21 Aug 2009 | — | — | 2.50 | |
| Dividend | 23 Aug 2007 | — | — | 2.50 | |
| Dividend | 08 Sep 2004 | — | — | 1.50 |
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
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Rating update24 Jun from crisil
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Rating update31 Mar 2025 from crisil
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Rating update29 Mar 2025 from crisil
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Rating update29 Feb 2024 from crisil
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Rating update27 Feb 2023 from crisil
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Rating update8 Dec 2022 from crisil