Poly Medicure Detail
As per the Company website it was conceived and established in 1995 by a group of engineers and technocrats dedicated with a vision of providing highest quality of healthcare to the mankind at affordable price. The Company is in business of Medical Equipment creation.
It creates more than 100 medical equipment. Many of them are used in different fields like
- Infusion Therapy
- Central Venous Access Catheters
- Blood management
- Surgery and wound drainage
The factory is located in Faridabad and Company office is located in New Delhi.
I have shared long term price performance chart of the Company below.As per Dow theory of technical analysis price performance over a period of time reflects Company state.
Poly Medicure Stock Performance
The stock was penny stock trading at 3 INR till year 2009. From this point on the Stock has performed consistently. The stock has given more than 50 times return in last decade.
There is some price fluctuation but that is understandable considering the run it has in recent times. The dividend yield at current market price is also more than 1%. So investor investing at 2009 have received half of their invested money that time in form of dividend only. Stocks giving good returns and consistent dividend are excellent picks for investors.
Poly Medicure My Opinion
Poly Medicure is a Medical Equipment Company. Most people only consider Pharma space while investing Medical sector. They also explore Hospitals if interested in that segment of Medical Sector. But seldom a investor tries to look for Medical Equipment Company.
People do not have much exposure to Medical Equipment Companies. But medical equipment sector is just like any machine creation sector. Most of the needs are fulfilled by Imports. So this is one sector where local companies can pitch in and decrease the dependency on Imports.
Poly Medicure is one Company which is trying to fill in the Gap. It is in business of manufacturing medical equipment for different usage. The medical equipment sector as mentioned above is mostly dominated by Foreign players and Imports. So any Company providing quality equipment at bargaining price will have advantage.
This is again a business to business sector where end products are consumed by Hospitals. Medical facility in India requires expansion which will be a growth factor in these Companies. As of now I am not invested in this sector due to Opto Circuit fiasco. I am tracking this Company to get more idea about it.
In case you are interested then you can track the company by adding it to your stock watch list. That way you can keep close eye on the Company.