- Valuation
- ₹29,240 Cr

About Poly Medicure Limited
Data last updated:
Poly Medicure Limited is a public limited company based in New Delhi, Delhi, India. It operates in the medical and laboratory equipment segment of the healthcare sector. It was incorporated on 30 March 1995 and has been in existence for over 31 years.
Poly Medicure is part of the Nifty 500 and BSE 500 indices. Its director Jugal Kishore Baid and family are #416 among India's richest people (2026). Its director Vishal Gupta and family are #824 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN L40300DL1995PLC066923. Its GSTIN is 07AAACP3891P1ZT (Delhi). The company holds 6 GST registrations, all of them active. It is a listed company as per MCA records. Its shares are listed on BSE: 531768 and NSE: POLYMED.
The company has an authorised share capital of ₹60 Cr and a paid-up capital of ₹50.68 Cr. It is led by directors including Himanshu Baid (Managing Director) and Rishi Baid (Whole-Time Director).
Its last annual general meeting (AGM) was held on 25 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Property No. – 232B Third Floor Okhla Industrial Estate Phase – III, New Delhi, Delhi, India – 110020.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹1,875.26 Cr, a growth of 12.3% compared to the previous year. For the same year it recorded a net profit of ₹264.92 Cr (net margin 14.1%) and EBITDA of ₹438.63 Cr (EBITDA margin 23.4%). The net worth stands at ₹3,106.17 Cr (up 12.3% YoY). Total assets are valued at ₹3,581.4 Cr (up 21% YoY).
The company has about 2,683 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Polymedicure. As per MCA filings, the company has open charges of ₹549.5 Cr and satisfied charges of ₹140.2 Cr on record. Court records list 150 cases involving the company, including 96 filed by the company and 54 filed against it; 21 cases are pending. The company has 23 deals on record (18 market trades, 2 secondary share transfers, 2 qips); the latest was in January 2026. The company has 4 MSME Form 1 returns on record between 2017 and 2021, listing 106 overdue payments to 17 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website polymedicure.com.
Company details
CIN history
Poly Medicure has one previous CIN (Corporate Identification Number): L74899DL1995PLC066923. The current CIN is L40300DL1995PLC066923, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L40300DL1995PLC066923 | Current |
| L74899DL1995PLC066923 | Previous |
Recognitions & Rankings of Poly Medicure
- #416 Jugal Kishore Baid & family ₹8,900 Cr
- #824 Vishal Gupta & family ₹3,700 Cr
Contact details
Poly Medicure Limited's registered office is in New Delhi, Delhi. Its website is polymedicure.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressProperty No. – 232B Third Floor Okhla Industrial Estate Phase – III, New Delhi, Delhi, India – 110020
- IndustryHealthcare, Medical & Laboratory Equipment
To see the full contact details of Poly Medicure Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Brands
Poly Medicure operates one associated brand: Polymedicure. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Medical devices for oncology, dialysis, and respiratory care are manufactured. | polymedicure.com |
Business activity
The main business activity of Poly Medicure is manufacturing. In detail, this covers plastic products, non-metallic mineral products, rubber products, fabricated metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C8 | Plastic products, non-metallic mineral products, rubber products, fabricated metal products |
To see the full business activity and turnover split of Poly Medicure Limited, buy the company report.
Financials of Poly Medicure Limited
FY 2025-26 filings availablePoly Medicure Limited reported revenue of ₹1,875.26 Cr (up 12.3% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 1,875 | 1,670 | 1,376 | 1,115 | 923 | 786 | 687 |
| Revenue growth | +12.3% | +21.4% | +23.4% | +20.8% | +17.4% | +14.4% | - |
| EBITDA | 439 | 456 | 360 | 267 | 215 | 216 | 166 |
| EBITDA margin | +23.4% | +27.3% | +26.2% | +24.0% | +23.3% | +27.5% | +24.2% |
| Profit before tax | 427 | 453 | 344 | 237 | 195 | 180 | 126 |
| Net profit | 265 | 284 | 259 | 172 | 141 | 135 | 95.77 |
| Net profit margin | +14.1% | +17.0% | +18.8% | +15.4% | +15.2% | +17.2% | +13.9% |
| EPS (₹) | 31.78 | 33.41 | 26.91 | 18.69 | 15.28 | 14.17 | 10.86 |
| Balance sheet | |||||||
| Total assets | 3,581 | 2,959 | 1,654 | 1,399 | 1,222 | 1,111 | 648 |
| Net worth | 3,106 | 2,766 | 1,470 | 1,242 | 1,087 | 966 | 435 |
| Total debt | 354 | 180 | 174 | 149 | 127 | 137 | 207 |
| Cash & bank | 87.87 | 151 | 147 | 183 | 15.44 | 29.56 | 25.36 |
| Net working capital | 923 | 676 | 522 | 525 | 308 | 260 | 198 |
| Cash flow | |||||||
| Cash from operations | 246 | 233 | 266 | 191 | 123 | 119 | 131 |
| Cash from investing | (224) | (1,187) | (241) | (179) | (85.33) | (436) | (109) |
| Cash from financing | 20.15 | 951 | (20.15) | (12.51) | (35.34) | 317 | (20.51) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 525 | 535 | 494 | 444 | 403 | 441 | 424 | 420 |
| Revenue growth (YoY) | +30.3% | +21.3% | +16.4% | +5.7% | +4.8% | - | - | - |
| Other income | 34.96 | 19.47 | 27.95 | 34.91 | 43.44 | 26.58 | 23.52 | 26.85 |
| EBITDA | 125 | 110 | 104 | 115 | 106 | 119 | 115 | 115 |
| EBITDA margin | +23.8% | +20.7% | +21.1% | +25.8% | +26.2% | +27.1% | +27.0% | +27.4% |
| Depreciation | 36.25 | 38.23 | 28.76 | 24.93 | 23.26 | 21.03 | 21.51 | 20.71 |
| Interest | 6.50 | 6.41 | 5.96 | 2.97 | 2.95 | 2.17 | 3.33 | 3.34 |
| Profit before tax | 117 | 85.23 | 97.61 | 122 | 123 | 123 | 113 | 118 |
| Tax | 32.03 | 20.18 | 26.80 | 29.90 | 29.87 | 31.02 | 28.00 | 30.53 |
| Net profit | 85.28 | 65.05 | 70.81 | 91.79 | 93.07 | 91.82 | 85.22 | 87.46 |
| EPS (₹) | 8.48 | 6.53 | 6.99 | 9.06 | 9.17 | 8.92 | 8.48 | 9.01 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 1,662 | 1,602 | 1,307 | 1,068 | 879 | 747 | 646 |
| Revenue growth | +3.8% | +22.5% | +22.4% | +21.5% | +17.7% | +15.7% | - |
| EBITDA | 441 | 448 | 351 | 266 | 214 | 210 | 162 |
| EBITDA margin | +26.6% | +28.0% | +26.9% | +24.9% | +24.3% | +28.2% | +25.1% |
| Profit before tax | 448 | 443 | 335 | 237 | 195 | 173 | 122 |
| Net profit | 279 | 277 | 236 | 172 | 133 | 129 | 92.27 |
| Net profit margin | +16.8% | +17.3% | +18.1% | +16.1% | +15.1% | +17.2% | +14.3% |
| EPS (₹) | 33.15 | 32.70 | 26.23 | 18.66 | 15.23 | 13.51 | 10.47 |
| Balance sheet | |||||||
| Total assets | 3,321 | 2,927 | 1,631 | 1,378 | 1,194 | 1,087 | 629 |
| Net worth | 3,053 | 2,744 | 1,458 | 1,234 | 1,077 | 954 | 429 |
| Total debt | 252 | 172 | 164 | 137 | 111 | 126 | 194 |
| Cash & bank | 42.58 | 143 | 137 | 171 | 8.31 | 27.40 | 22.39 |
| Net working capital | 729 | 640 | 486 | 486 | 281 | 241 | 181 |
| Cash flow | |||||||
| Cash from operations | 245 | 230 | 256 | 197 | 126 | 116 | 127 |
| Cash from investing | (268) | (1,184) | (237) | (189) | (88.71) | (434) | (106) |
| Cash from financing | 28.03 | 953 | (17.32) | (7.89) | (39.71) | 319 | (22.25) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 431 | 443 | 419 | 417 | 384 | 421 | 411 | 402 |
| Revenue growth (YoY) | +12.3% | +5.2% | +1.9% | +3.5% | +4.5% | - | - | - |
| Other income | 28.65 | 15.12 | 29.55 | 33.72 | 41.52 | 23.95 | 21.75 | 27.24 |
| Total expenses | 310 | 322 | 313 | 305 | 283 | 305 | 295 | 290 |
| EBITDA | 121 | 121 | 105 | 111 | 101 | 116 | 115 | 113 |
| EBITDA margin | +28.0% | +27.3% | +25.2% | +26.7% | +26.4% | +27.6% | +28.1% | +28.0% |
| Depreciation | 26.47 | 25.51 | 25.06 | 24.15 | 22.84 | 21.33 | 20.69 | 19.97 |
| Interest | 4.38 | 3.89 | 3.94 | 2.78 | 2.81 | 2.17 | 3.13 | 3.13 |
| Profit before tax | 119 | 107 | 106 | 118 | 117 | 116 | 113 | 117 |
| Tax | 30.52 | 26.18 | 27.63 | 28.96 | 29.14 | 29.84 | 28.24 | 29.71 |
Financial Statements
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 525 | 535 | 494 | 444 | 403 | 441 | 424 | 420 |
| Revenue growth (YoY) | +30.3% | +21.3% | +16.4% | +5.7% | +4.8% | - | - | - |
| Other income | 34.96 | 19.47 | 27.95 | 34.91 | 43.44 | 26.58 | 23.52 | 26.85 |
| EBITDA | 125 | 110 | 104 | 115 | 106 | 119 | 115 | 115 |
| EBITDA margin | +23.8% | +20.7% | +21.1% | +25.8% | +26.2% | +27.1% | +27.0% | +27.4% |
| Depreciation | 36.25 | 38.23 | 28.76 | 24.93 | 23.26 | 21.03 | 21.51 | 20.71 |
| Interest | 6.50 | 6.41 | 5.96 | 2.97 | 2.95 | 2.17 | 3.33 | 3.34 |
| Profit before tax | 117 | 85.23 | 97.61 | 122 | 123 | 123 | 113 | 118 |
| Tax | 32.03 | 20.18 | 26.80 | 29.90 | 29.87 | 31.02 | 28.00 | 30.53 |
| Net profit | 85.28 | 65.05 | 70.81 | 91.79 | 93.07 | 91.82 | 85.22 | 87.46 |
| EPS (₹) | 8.48 | 6.53 | 6.99 | 9.06 | 9.17 | 8.92 | 8.48 | 9.01 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 1,875 | 1,670 | 1,376 | 1,115 | 923 | 786 | 687 |
| Revenue growth | +12.3% | +21.4% | +23.4% | +20.8% | +17.4% | +14.4% | - |
| Other income | 126 | 94.31 | 61.27 | 38.11 | 40.35 | 21.73 | 20.60 |
| Total expenses | 1,437 | 1,214 | 1,016 | 848 | 708 | 570 | 521 |
| Employee cost | 402 | 302 | 246 | 203 | 164 | 142 | 139 |
| EBITDA | 439 | 456 | 360 | 267 | 215 | 216 | 166 |
| EBITDA margin | +23.4% | +27.3% | +26.2% | +24.0% | +23.3% | +27.5% | +24.2% |
| Depreciation | 116 | 83.18 | 63.44 | 57.17 | 53.95 | 47.52 | 40.53 |
| Interest | 21.42 | 14.32 | 13.56 | 10.86 | 6.16 | 10.64 | 20.48 |
| Profit before tax | 427 | 453 | 344 | 237 | 195 | 180 | 126 |
| Tax | 107 | 114 | 86.01 | 58.21 | 48.74 | 44.18 | 29.85 |
| Net profit | 265 | 284 | 259 | 172 | 141 | 135 | 95.77 |
| Net profit margin | +14.1% | +17.0% | +18.8% | +15.4% | +15.2% | +17.2% | +13.9% |
| EPS (₹) | 31.78 | 33.41 | 26.91 | 18.69 | 15.28 | 14.17 | 10.86 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 50.68 | 50.66 | 47.99 | 47.97 | 47.95 | 47.94 | 44.12 |
| Reserves & surplus | 3,055 | 2,715 | 1,422 | 1,194 | 1,040 | 918 | 391 |
| Shareholders' funds (net worth) | 3,106 | 2,766 | 1,470 | 1,242 | 1,087 | 966 | 435 |
| Minority interest | 43.07 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Secured loans | 254 | 175 | 166 | 140 | 118 | 129 | 200 |
| Unsecured loans | 99.81 | 5.55 | 7.75 | 8.53 | 9.00 | 8.06 | 6.97 |
| Total debt | 354 | 180 | 174 | 149 | 127 | 137 | 207 |
| Total liabilities | 3,581 | 2,959 | 1,654 | 1,399 | 1,222 | 1,111 | 648 |
| Assets | |||||||
| Gross block | 2,474 | 1,596 | 1,312 | 1,025 | 822 | 712 | 605 |
| Net block | 1,694 | 1,084 | 867 | 635 | 488 | 426 | 363 |
| Capital work in progress | 98.72 | 101 | 75.71 | 78.16 | 43.40 | 21.21 | 24.71 |
| Investments | 755 | 1,076 | 167 | 126 | 346 | 354 | 25.39 |
| Inventories | 434 | 286 | 221 | 209 | 168 | 126 | 112 |
| Sundry debtors | 531 | 350 | 270 | 235 | 207 | 156 | 127 |
| Cash & bank balances | 87.87 | 151 | 147 | 183 | 15.44 | 29.56 | 25.36 |
| Loans & advances | 150 | 79.80 | 64.24 | 61.27 | 56.41 | 47.18 | 37.30 |
| Total current assets | 1,203 | 866 | 702 | 688 | 447 | 359 | 302 |
| Total current liabilities | 279 | 191 | 180 | 163 | 138 | 99.21 | 104 |
| Net working capital | 923 | 676 | 522 | 525 | 308 | 260 | 198 |
| Total assets | 3,581 | 2,959 | 1,654 | 1,399 | 1,222 | 1,111 | 648 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 8.70 | 12.05 | 7.06 | 7.76 | 4.95 | 4.86 | 4.32 |
| Net cash from operating activities | 246 | 233 | 266 | 191 | 123 | 119 | 131 |
| Net cash from investing activities | (224) | (1,187) | (241) | (179) | (85.33) | (436) | (109) |
| Net cash from financing activities | 20.15 | 951 | (20.15) | (12.51) | (35.34) | 317 | (20.51) |
| Net change in cash | 42.53 | (3.35) | 4.99 | (0.70) | 2.80 | 0.10 | 0.54 |
| Closing cash | 87.87 | 151 | 147 | 183 | 15.44 | 29.56 | 25.36 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +12.3% | +21.4% | +23.4% | +20.8% | +17.4% | +14.4% | - |
| EBITDA growth | -3.8% | +26.6% | +34.6% | +24.4% | -0.7% | +30.3% | - |
| PBT growth | -5.5% | +31.4% | +45.0% | +21.6% | +8.4% | +43.2% | +25.6% |
| Net income growth | -6.6% | +9.7% | +50.3% | +22.3% | +4.1% | +41.1% | - |
| Revenue CAGR (3Y) | +18.9% | +21.9% | +20.5% | +17.5% | +14.8% | +14.8% | +14.7% |
| EBITDA CAGR (3Y) | +17.9% | +28.5% | +18.5% | +17.2% | +17.9% | +21.1% | +21.1% |
| Profitability & leverage | |||||||
| Net income margin | +17.1% | +20.3% | +18.8% | +16.1% | +15.9% | +17.3% | +14.0% |
| Return on capital employed | +12.4% | +20.2% | +23.4% | +19.0% | +17.3% | +21.7% | +24.4% |
| Return on net worth | +9.0% | +16.0% | +19.1% | +15.4% | +14.3% | +19.4% | +23.5% |
| Debt / equity | 0.09 | 0.08 | 0.12 | 0.12 | 0.13 | 0.25 | 0.45 |
| Long-term debt / equity | 0.01 | 0.00 | 0.01 | 0.02 | 0.05 | 0.13 | 0.25 |
| Interest cover | 6.63 | 3.84 | 4.57 | 5.17 | 3.82 | 6.30 | 16.31 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 0.92 | 1.15 | 1.18 | 1.21 | 1.20 | 1.19 | 1.23 |
| Inventory turnover | 5.21 | 6.59 | 6.40 | 5.92 | 6.26 | 6.59 | 7.02 |
| Debtors turnover | 4.26 | 5.39 | 5.44 | 5.05 | 5.09 | 5.56 | 5.38 |
| EPS (₹) | 31.78 | 33.41 | 26.91 | 18.69 | 15.28 | 14.17 | 10.86 |
| Dividend per share (₹) | 3.50 | 3.50 | 3.00 | 3.00 | 2.50 | 2.50 | 2.00 |
| Book value per share (₹) | 306.45 | 272.95 | 153.18 | 129.41 | 113.40 | 100.71 | 49.27 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 431 | 443 | 419 | 417 | 384 | 421 | 411 | 402 |
| Revenue growth (YoY) | +12.3% | +5.2% | +1.9% | +3.5% | +4.5% | - | - | - |
| Other income | 28.65 | 15.12 | 29.55 | 33.72 | 41.52 | 23.95 | 21.75 | 27.24 |
| Total expenses | 310 | 322 | 313 | 305 | 283 | 305 | 295 | 290 |
| EBITDA | 121 | 121 | 105 | 111 | 101 | 116 | 115 | 113 |
| EBITDA margin | +28.0% | +27.3% | +25.2% | +26.7% | +26.4% | +27.6% | +28.1% | +28.0% |
| Depreciation | 26.47 | 25.51 | 25.06 | 24.15 | 22.84 | 21.33 | 20.69 | 19.97 |
| Interest | 4.38 | 3.89 | 3.94 | 2.78 | 2.81 | 2.17 | 3.13 | 3.13 |
| Profit before tax | 119 | 107 | 106 | 118 | 117 | 116 | 113 | 117 |
| Tax | 30.52 | 26.18 | 27.63 | 28.96 | 29.14 | 29.84 | 28.24 | 29.71 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 1,662 | 1,602 | 1,307 | 1,068 | 879 | 747 | 646 |
| Revenue growth | +3.8% | +22.5% | +22.4% | +21.5% | +17.7% | +15.7% | - |
| Other income | 120 | 89.77 | 58.18 | 36.29 | 38.73 | 19.29 | 18.58 |
| Total expenses | 1,221 | 1,154 | 956 | 802 | 665 | 537 | 484 |
| Employee cost | 313 | 280 | 229 | 188 | 150 | 131 | 127 |
| EBITDA | 441 | 448 | 351 | 266 | 214 | 210 | 162 |
| EBITDA margin | +26.6% | +28.0% | +26.9% | +24.9% | +24.3% | +28.2% | +25.1% |
| Depreciation | 97.90 | 81.39 | 61.57 | 55.64 | 52.54 | 46.31 | 39.28 |
| Interest | 15.52 | 13.50 | 12.85 | 10.19 | 5.36 | 9.95 | 19.76 |
| Profit before tax | 448 | 443 | 335 | 237 | 195 | 173 | 122 |
| Tax | 112 | 112 | 83.17 | 57.78 | 48.70 | 43.87 | 29.40 |
| Net profit | 279 | 277 | 236 | 172 | 133 | 129 | 92.27 |
| Net profit margin | +16.8% | +17.3% | +18.1% | +16.1% | +15.1% | +17.2% | +14.3% |
| EPS (₹) | 33.15 | 32.70 | 26.23 | 18.66 | 15.23 | 13.51 | 10.47 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 50.68 | 50.66 | 47.99 | 47.97 | 47.95 | 47.94 | 44.12 |
| Reserves & surplus | 3,002 | 2,694 | 1,410 | 1,186 | 1,029 | 906 | 385 |
| Shareholders' funds (net worth) | 3,053 | 2,744 | 1,458 | 1,234 | 1,077 | 954 | 429 |
| Secured loans | 248 | 170 | 160 | 135 | 109 | 123 | 190 |
| Unsecured loans | 3.19 | 2.60 | 3.94 | 2.58 | 1.43 | 3.29 | 4.32 |
| Total debt | 252 | 172 | 164 | 137 | 111 | 126 | 194 |
| Total liabilities | 3,321 | 2,927 | 1,631 | 1,378 | 1,194 | 1,087 | 629 |
| Assets | |||||||
| Gross block | 1,794 | 1,536 | 1,255 | 965 | 768 | 660 | 555 |
| Net block | 1,217 | 1,047 | 831 | 598 | 451 | 390 | 328 |
| Capital work in progress | 95.85 | 92.79 | 70.71 | 77.74 | 42.97 | 21.18 | 24.58 |
| Investments | 1,243 | 1,126 | 221 | 181 | 384 | 385 | 57.95 |
| Inventories | 281 | 250 | 193 | 183 | 150 | 109 | 101 |
| Sundry debtors | 442 | 340 | 259 | 221 | 191 | 149 | 120 |
| Cash & bank balances | 42.58 | 143 | 137 | 171 | 8.31 | 27.40 | 22.39 |
| Loans & advances | 134 | 76.65 | 63.00 | 56.48 | 54.39 | 42.96 | 33.58 |
| Total current assets | 900 | 810 | 652 | 631 | 404 | 329 | 277 |
| Total current liabilities | 171 | 170 | 166 | 145 | 123 | 87.72 | 96.10 |
| Net working capital | 729 | 640 | 486 | 486 | 281 | 241 | 181 |
| Total assets | 3,321 | 2,927 | 1,631 | 1,378 | 1,194 | 1,087 | 629 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 0.55 | 2.14 | 0.38 | 0.63 | 2.79 | 1.89 | 2.91 |
| Net cash from operating activities | 245 | 230 | 256 | 197 | 126 | 116 | 127 |
| Net cash from investing activities | (268) | (1,184) | (237) | (189) | (88.71) | (434) | (106) |
| Net cash from financing activities | 28.03 | 953 | (17.32) | (7.89) | (39.71) | 319 | (22.25) |
| Net change in cash | 5.39 | (1.59) | 1.76 | (0.25) | (2.16) | 0.90 | (1.02) |
| Closing cash | 42.58 | 143 | 137 | 171 | 8.31 | 27.40 | 22.39 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +3.8% | +22.5% | +22.4% | +21.5% | +17.7% | +15.7% | - |
| EBITDA growth | -1.5% | +27.6% | +31.8% | +24.5% | +1.7% | +29.7% | - |
| PBT growth | +1.1% | +32.2% | +41.4% | +21.6% | +12.3% | +42.4% | +21.2% |
| Net income growth | +0.9% | +17.0% | +37.5% | +29.2% | +3.3% | +39.6% | - |
| Revenue CAGR (3Y) | +15.9% | +22.1% | +20.5% | +18.2% | +14.4% | +13.7% | +13.7% |
| EBITDA CAGR (3Y) | +18.3% | +28.0% | +18.6% | +18.0% | +16.9% | +20.1% | +19.9% |
| Profitability & leverage | |||||||
| Net income margin | +20.2% | +20.7% | +19.3% | +16.8% | +16.6% | +17.3% | +14.3% |
| Return on capital employed | +13.4% | +20.0% | +23.1% | +19.2% | +17.5% | +21.4% | +24.2% |
| Return on net worth | +9.6% | +15.8% | +18.7% | +15.5% | +14.4% | +18.7% | +22.8% |
| Debt / equity | 0.07 | 0.08 | 0.11 | 0.11 | 0.12 | 0.23 | 0.43 |
| Long-term debt / equity | 0.00 | 0.00 | 0.01 | 0.02 | 0.05 | 0.13 | 0.25 |
| Interest cover | 4.52 | 3.68 | 4.44 | 4.84 | 3.32 | 6.07 | 16.07 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 1.00 | 1.15 | 1.18 | 1.23 | 1.23 | 1.23 | 1.27 |
| Inventory turnover | 6.26 | 7.23 | 6.96 | 6.41 | 6.77 | 7.11 | 7.38 |
| Debtors turnover | 4.25 | 5.34 | 5.44 | 5.18 | 5.17 | 5.55 | 5.28 |
| EPS (₹) | 33.15 | 32.70 | 26.23 | 18.66 | 15.23 | 13.51 | 10.47 |
| Dividend per share (₹) | 3.50 | 3.50 | 3.00 | 3.00 | 2.50 | 2.50 | 2.00 |
| Book value per share (₹) | 301.18 | 270.83 | 151.95 | 128.63 | 112.30 | 99.50 | 48.65 |
To see the full year-wise statements and ratios of Poly Medicure Limited, buy the company report.
Board of directors and KMP of Poly Medicure Limited
Poly Medicure Limited currently reports 14 directors and 1 key managerial person. 10 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vishal Gupta | Director | 28 Oct 2024 | 1 Years 11 Months | Current |
| Alessandro Balboni | Additional Director | 10 May 2018 | 8 Years 5 Months | Current |
| Ambrish Mithal | Director | 04 Aug 2022 | 4 Years 2 Months | Current |
| Avinash Chandra | Company Secretary | 01 May 2015 | 11 Years 5 Months | Current |
| Vimal Bhandari Also directs: Kec International Limited, Escorts Kubota Limited, JK Lakshmi Cement Limited and 1 more | Director | 22 Jul 2024 | 2 Years 3 Months | Current |
| Sonal Mattoo | Director | 29 Aug 2020 | 6 Years 1 Months | Current |
Auditor
Poly Medicure Limited is audited by M C BHANDARI & CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M C BHANDARI & CO. | FY 2023 | 303002E |
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 62.40%, foreign institutional investors hold 5.60%, domestic institutional investors hold 16.00% and retail and other public shareholders hold 16.00%.
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 62.40% | 62.40% | 62.40% | 62.40% |
| Public | 37.60% | 37.60% | 37.60% | 37.60% |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 Apr 2026 | 101294435 | Hdfc Bank Limited | ₹70 Cr | Open | |
| 18 Apr 2025 | 101121003 | Hdfc Bank Limited | ₹30 Cr | Open | |
| 07 Nov 2017 | 100141255 | Hdfc Bank Limited | ₹12.5 Cr | Open | |
| 14 Feb 2017 | 100079259 | The Hongkong and Shanghai Banking Corporation Limited | ₹10 Cr | Open | |
| 15 Jun 2011 | 10292924 | Citi Bank N.A. | ₹25 Cr | Open |
To see the full charge records of Poly Medicure Limited, buy the company report.
Total charge records: 11 View all charges
Deals & funding
Poly Medicure Limited has 23 deals on record (18 market trades, 2 secondary share transfers, 2 qips); the latest was in January 2026.
Deals on record (5 of 23)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2024 | QIP | ₹1,000 Cr | Investors: Others Poly Medicure Limited, Lighthouse Fund, SBI Healthcare Opportunities Fund |
| Oct 2012 | Market trade | ₹1.98 Cr | Seller: Aventis Biofeeds Private Limited |
| Dec 2011 | Market trade | ₹5.58 Cr | Buyer: Pentagon Builders Pvt Ltd Seller: an individual |
| Sep 2011 | Market trade | ₹4.16 Cr | Buyer: KJMC Financial Services Limited Seller: an individual |
| Sep 2011 | Market trade | ₹3.89 Cr | Buyer: KJMC Financial Services Limited Seller: an individual |
To see the full deal history of Poly Medicure Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Poly Medicure Limited has 150 court cases on record: 96 filed by Poly Medicure, 54 filed against it. 21 cases are pending and 129 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 117 | 45 | 13 |
| High courts | 26 | 9 | 8 |
| NCLAT | 6 | 0 | 0 |
| Supreme Court | 1 | 0 | 0 |
Cases on record (5 of 150)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Delhi | Commercial suit | Filed by the company against Hindustan Syringes and Medical Devices Limited | Pending |
| High Court | Writ petition | Filed against the company by Disposafe Health and Life Care Ltd., | Pending |
| District court, Faridabad, Haryana | Execution petition | Filed by the company against M/S Garle Impex Pvt. Ltd. and 1 other | Disposed |
| District court, Faridabad, Haryana | Execution petition | Filed against the company by Kotak Mahindra Bank Ltd | Disposed |
| District court, Faridabad, Haryana | Cheque dishonour complaint | Filed by the company against M/S Quality Care Dialysis Private Limited and 3 others | Disposed |
To see the full case history of Poly Medicure Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Credit ratings & regulatory alerts
Poly Medicure Limited was last rated by Crisil on 13 Jul 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 13 Jul 2020 |
To see the full credit ratings and regulatory alerts of Poly Medicure Limited, buy the company report.
MSME payment delays
Poly Medicure Limited has 4 MSME Form 1 returns on record between 2017 and 2021, listing 106 overdue payments to 17 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 17)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Rainbow Industries (India) | |||
| Madhyanchal Rubbers Private Limited | |||
| Mechmaark Filtech India Private Limited | |||
| Suparshva Swabs (I) | |||
| an individual supplier |
To see the full MSME payment records of Poly Medicure Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Poly Medicure Limited has a workforce of 2,683 employees on its EPFO records as of Apr 05, 2024, across 9 active EPFO establishments.
GST
Poly Medicure has 6 GST registrations: 6 active. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AAACP3891P1ZT | Delhi | Active | 01 Jul 2017 |
| 07AAACP3891P2ZS | Delhi | Active | 18 Aug 2017 |
| 05AAACP3891P1ZX | Uttarakhand | Active | 01 Jul 2017 |
| 06AAACP3891P1ZV | Haryana | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Poly Medicure Limited, buy the company report.
Recent activity
Poly Medicure Limited has 20 board changes on record since 1995: 15 appointments and 5 cessations. The latest: Pankaj Kumar Gupta was appointed as Whole-Time Director on 08 Aug 2025.
34 earlier events are in the company report.
News
Frequently asked questions
Poly Medicure is an active public limited company based in New Delhi, Delhi, India. The company works in medical and laboratory equipment, within the healthcare industry. It was incorporated on 30 March 1995 (31+ years old) and is registered under CIN L40300DL1995PLC066923. Listed on BSE: 531768 and NSE: POLYMED.
Poly Medicure reported revenue of ₹1,875.26 Cr for FY 2025-26 (up 12.3% YoY) based on consolidated financials.
Poly Medicure has 15 current directors and KMP:
- Himanshu Baid - Managing Director
- Rishi Baid - Whole-Time Director
- Pankaj Kumar Gupta - Whole-Time Director
- Vishal Gupta - Director
- Alessandro Balboni - Additional Director
- Ambrish Mithal - Director
- Vimal Bhandari - Director
- Sonal Mattoo - Director
- Sandeep Bhargava - Additional Director
- Mukulika Baid - Director
- Amit Khosla - Director
- Vishal Baid - Director
- Jugal Kishore Baid - Director
- Devendra Raj Mehta - Director
- Avinash Chandra - Company Secretary
The latest financial statements of Poly Medicure on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 25 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Poly Medicure is 07AAACP3891P1ZT, registered in Delhi. The company has 6 GST registrations in all, of which 6 are active. Other active GSTINs include 07AAACP3891P2ZS (Delhi), 05AAACP3891P1ZX (Uttarakhand), 06AAACP3891P1ZV (Haryana).
The CIN (Corporate Identification Number) of Poly Medicure is L40300DL1995PLC066923. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Poly Medicure is a listed company as per MCA records. Its shares are listed on both BSE (code: 531768) and NSE (symbol: POLYMED).
Poly Medicure has 150 court cases on record: 96 filed by the company and 54 filed against it. 21 are pending. Most are in the district courts.
Poly Medicure was incorporated on 30 March 1995, making it 31+ years old. It is registered with the Registrar of Companies, Delhi.
Poly Medicure has 23 deals on record (18 market trades, 2 secondary share transfers, 2 qips); the latest was in January 2026.
Pankaj Kumar Gupta was appointed as Whole-Time Director on 08 Aug 2025. Vishal Baid was appointed as Director on 06 May 2025. Vishal Gupta was appointed as Director on 28 Oct 2024. Poly Medicure has 20 board changes on record in total.