Poly MedicureNSE:POLYMED +0.15%90 Net Margin % is 12.17% as of Mar. 2026, which is 24% below its 10-year median of 16.08. GuruFocus rates NSE:POLYMED with a GF Score™ of 90/100 and a GF Value™ of ₹2,289.81 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 817 Medical Devices & Instruments companies, Poly Medicure ranks better than 86.05% on this metric.
Net margin is calculated as Net Income divided by its Revenue. Poly Medicure's Net Income for the
three
months ended in Mar. 2026 was ₹650 Mil. Poly Medicure's Revenue for the
three
months ended in Mar. 2026 was ₹5,345 Mil. Therefore, Poly Medicure's net margin for the quarter that ended in Mar. 2026 was 12.17%.
The historical rank and industry rank for Poly Medicure's Net Margin % or its related term are showing as below:
NSE:POLYMED'
s Net Margin % Range Over the Past 10 Years
Min: 11.07 Med: 16.08 Max: 20.27
Current: 17.11
NSE:POLYMED's Net Margin % is ranked better than 86.05% of 817
companies
in the Medical Devices & Instruments industry
Industry Median: 2.05
vs NSE:POLYMED: 17.11
Poly Medicure (NSE:POLYMED) Net Margin % Explanation
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.
Poly Medicure Net Margin % Related Terms
Poly Medicure Net Margin % Historical Data
* Premium members only.
The historical data trend for Poly Medicure's Net Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
NSE:POLYMED vs ISRG, BDX, MDLN: Net Margin % Comparison
For the Medical Instruments & Supplies subindustry, Poly Medicure's Net Margin %, along with its competitors' market caps and Net Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Poly Medicure Net Margin % vs Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Poly Medicure's Net Margin % distribution charts can be found below:
* The bar in red indicates where Poly Medicure's Net Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Poly Medicure (NSE:POLYMED) has a Net Margin % of 12.17% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on Poly Medicure and its competitors. This is 24% below median its historical median of 16.08. Over the past decade, Poly Medicure's Net Margin % has ranged from 11.07 to 20.27. According to the industry distribution chart, Poly Medicure ranks #114 out of 817 companies in the Medical Devices & Instruments industry, placing it in the top 14%.
Is Poly Medicure's Net Margin % too high?
Poly Medicure's current Net Margin % of 12.17% is 24% below median its 10-year median of 16.08. Over the past 10 years, this metric has ranged from a low of 11.07 to a high of 20.27. The Medical Devices & Instruments industry median Net Margin % is 2.05. Poly Medicure's value of 12.17% is 493.7% above this industry median. Based on the distribution chart, Poly Medicure ranks #114 out of 817 companies in the Medical Devices & Instruments industry, which is in the top quartile — a strong position relative to peers. Overall, Poly Medicure has a GF Score™ of 90/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Poly Medicure's Net Margin % compare to ISRG and BDX?
According to the Medical Devices & Instruments industry distribution chart, Poly Medicure ranks #114 out of 817 companies for Net Margin %. This places Poly Medicure in the top 14% of its industry — outperforming the majority of peers. The industry median Net Margin % is 2.05. Poly Medicure's value of 12.17% is 493.7% above this benchmark. Historically, Poly Medicure's own Net Margin % has ranged from 11.07 to 20.27 over the past decade. While the company's 10-year median is 16.08 vs. the industry median of 2.05, Poly Medicure has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Margin % for a Medical Devices & Instruments company?
The median Net Margin % among Medical Devices & Instruments companies is 2.05, based on 817 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Poly Medicure's current Net Margin % of 12.17% is 493.7% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on Poly Medicure and its competitors. For the Medical Devices & Instruments industry, the median Net Margin % is 2.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Poly Medicure's current Net Margin % is 12.17%, which is 24% below median its own 10-year median of 16.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Poly Medicure stock overvalued right now?
Based on GuruFocus' analysis, Poly Medicure (NSE:POLYMED) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹2,289.81, compared to a current price of ₹1,652.60 — trading 27.8% below its estimated fair value. The current Net Margin % is 12.17%, which is 24% below median its 10-year median of 16.08 and 493.7% above the Medical Devices & Instruments industry median of 2.05. Poly Medicure's overall GF Score™ is 90/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For Poly Medicure (NSE:POLYMED), the current Net Margin % is 12.17% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Poly Medicure (NSE:POLYMED) Overvalued in 2026?
Based on GuruFocus' analysis, Poly Medicure stock appears to be undervalued.
The current stock price of ₹1,652.60 is trading 27.8% below its estimated GF Value™ of ₹2,289.81.
GuruFocus considers Poly Medicure to be Modestly Undervalued.
Key valuation signals for NSE:POLYMED:
Net Margin %: 12.17% (24% below median its 10-year median of 16.08)
GF Value™: ₹2,289.81 vs. price of ₹1,652.60 (27.8% below fair value)
Industry Position: 493.7% above the Medical Devices & Instruments median (#114 of 817)
No single metric tells the full story. See the NSE:POLYMED stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Poly Medicure Ltd engages in the manufacturing and sale of medical devices. It offers disposable medical devices for infusion therapy, blood management, gastroenterology, vascular access, surgery and wound drainage, anesthesia, and urology. Some of its products include Ventilator Circuit Combo Kits, Bain Circuits, Safety Introducer Needles, High-Pressure Vaccum Bottle-Triplet, Catheters, and others. Geographically, it derives a majority of its revenue from exports. The company operates under one segment namely Medical Devices.
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