Multibagger alert: This medical device company tripled its investors' wealth in two years!
5paisa Research Team
12th December 2022 - 12:59 pm
This stock has delivered over 250% returns to its investors in the last two years.
Poly Medicure Ltd, an S&P BSE 500 company, has turned into a multibagger stock by giving its investors exceptional returns in the last two years. During this period, the company’s share price jumped from Rs 233.80 on 11 May 2020 to Rs 828.60 on 6 May 2022, an appreciation of 254% over the two years.
These returns are nearly 3 times the returns delivered by the S&P BSE 500 index, of which the index is a part. An investment of Rs 1 lakh in this stock last year would have turned to Rs 3.54 lakh today.
Poly Medicure Limited is engaged in the development, manufacturing and marketing of quality Disposable Medical Devices.
It manufactures and supplies a diverse portfolio of disposable medical devices in the product verticals of infusion therapy, blood management, gastroenterology, surgery and wound drainage, anaesthesia and urology. The company has a well-diversified and de-risked business model in India and the rest of the world, comprising a wide range of products, in many countries.
Recently, the company won the "INDIA MEDICAL DEVICE LEADER OF THE YEAR AWARD" at an event held on 27 April 2022. In the quarter Q3FY22, on a consolidated basis, the company’s net revenue increased by 13.15% YoY to Rs 230.28 crore. However, the bottom line decreased by 2.34% YoY to Rs 33.98 crore.
On the valuation front, the company is currently trading at a TTM PE of 53.26x, as against the industry PE of 374.5x. In FY21, the company delivered an ROE & ROCE of 18.74% and 21.62% respectively.
At 12.29 pm, the shares of Poly Medicure Ltd were trading at Rs 789.35, a decrease of 4.74% from the previous closing price of Rs 828.60 on BSE. The stock has a 52-week high & low of Rs 1163 and Rs 688.55 respectively on BSE.
Tanushree Jaiswal