Poly MedicureNSE:POLYMED -1.07%91 Quick Ratio is 2.62 as of Mar. 2026, which is 37% above its 10-year median of 1.91. GuruFocus rates NSE:POLYMED with a GF Score™ of 91/100 and a GF Value™ of ₹2,311.93 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 853 Medical Devices & Instruments companies, Poly Medicure ranks better than 63.07% on this metric.
The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. It is calculated as a company's Total Current Assets excludes Total Inventories divides by its Total Current Liabilities. Poly Medicure's quick ratio for the quarter that ended in Mar. 2026 was 2.62.
Poly Medicure has a quick ratio of 2.62. It generally indicates good short-term financial strength.
The historical rank and industry rank for Poly Medicure's Quick Ratio or its related term are showing as below:
NSE:POLYMED'
s Quick Ratio Range Over the Past 10 Years
Min: 1.06 Med: 1.91 Max: 4.41
Current: 2.62
During the past 13 years, Poly Medicure's highest Quick Ratio was 4.41. The lowest was 1.06. And the median was 1.91.
NSE:POLYMED's Quick Ratio is ranked better than 63.07% of 853
companies
in the Medical Devices & Instruments industry
Industry Median: 1.89
vs NSE:POLYMED: 2.62
Poly Medicure (NSE:POLYMED) Quick Ratio Explanation
The quick ratio is more conservative than the Current Ratio because it excludes inventories from current assets. The ratio derives its name presumably from the fact that assets such as cash and marketable securities are quick sources of cash. Inventories generally take time to be converted into cash, and if they have to be sold quickly, the company may have to accept a lower price than book value of these inventories. As a result, they are justifiably excluded from assets that are ready sources of immediate cash.
In general, low or decreasing quick ratios generally suggest that a company is over-leveraged, struggling to maintain or grow sales, paying bills too quickly or collecting receivables too slowly. On the other hand, a high or increasing quick ratio generally indicates that a company is experiencing solid top-line growth, quickly converting receivables into cash, and easily able to cover its financial obligations. Such companies often have faster inventory turnover and cash conversion cycles.
The higher the quick ratio, the better the company's liquidity position.
Poly Medicure Quick Ratio Related Terms
Poly Medicure Quick Ratio Historical Data
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The historical data trend for Poly Medicure's Quick Ratio 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: Quick Ratio Comparison
For the Medical Instruments & Supplies subindustry, Poly Medicure's Quick Ratio, along with its competitors' market caps and Quick Ratio 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 Quick Ratio vs Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Poly Medicure's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Poly Medicure's Quick Ratio falls into.
The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. For this reason, the ratio excludes inventories from current assets.
Poly Medicure's Quick Ratio for the fiscal year that ended in Mar. 2026 is calculated as
* 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 Quick Ratio of 2.62 as of Mar. 2026. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Poly Medicure and its competitors. This is 37% above median its historical median of 1.91. Over the past decade, Poly Medicure's Quick Ratio has ranged from 1.06 to 4.41. According to the industry distribution chart, Poly Medicure ranks #315 out of 853 companies in the Medical Devices & Instruments industry, placing it in the top 36.9%.
Is Poly Medicure's Quick Ratio too high?
Poly Medicure's current Quick Ratio of 2.62 is 37% above median its 10-year median of 1.91. Over the past 10 years, this metric has ranged from a low of 1.06 to a high of 4.41. The Medical Devices & Instruments industry median Quick Ratio is 1.89. Poly Medicure's value of 2.62 is 38.6% above this industry median. Based on the distribution chart, Poly Medicure ranks #315 out of 853 companies in the Medical Devices & Instruments industry, which is above the industry midpoint. Overall, Poly Medicure has a GF Score™ of 91/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Poly Medicure's Quick Ratio compare to ISRG and BDX?
According to the Medical Devices & Instruments industry distribution chart, Poly Medicure ranks #315 out of 853 companies for Quick Ratio. This puts Poly Medicure in the upper half of its industry. The industry median Quick Ratio is 1.89. Poly Medicure's value of 2.62 is 38.6% above this benchmark. Historically, Poly Medicure's own Quick Ratio has ranged from 1.06 to 4.41 over the past decade. While the company's 10-year median is 1.91 vs. the industry median of 1.89, 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 Quick Ratio for a Medical Devices & Instruments company?
The median Quick Ratio among Medical Devices & Instruments companies is 1.89, based on 853 companies in the industry. Companies in the top quartile (top 25%) have a Quick Ratio significantly above this median, while those in the bottom quartile fall well below. However, Quick Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Poly Medicure's current Quick Ratio of 2.62 is 38.6% 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 Quick Ratio mean?
A high Quick Ratio can signal that a stock is expensive relative to its fundamentals. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Poly Medicure and its competitors. For the Medical Devices & Instruments industry, the median Quick Ratio is 1.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Poly Medicure's current Quick Ratio is 2.62, which is 37% above median its own 10-year median of 1.91. 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 ₹2,311.93, compared to a current price of ₹1,669.70 — trading 27.8% below its estimated fair value. The current Quick Ratio is 2.62, which is 37% above median its 10-year median of 1.91 and 38.6% above the Medical Devices & Instruments industry median of 1.89. Poly Medicure's overall GF Score™ is 91/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Quick Ratio calculated?
Quick Ratio is calculated from a company's financial statements. For Poly Medicure (NSE:POLYMED), the current Quick Ratio is 2.62 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 ₹1,669.70 is trading 27.8% below its estimated GF Value™ of ₹2,311.93.
GuruFocus considers Poly Medicure to be Modestly Undervalued.
Key valuation signals for NSE:POLYMED:
Quick Ratio: 2.62 (37% above median its 10-year median of 1.91)
GF Value™: ₹2,311.93 vs. price of ₹1,669.70 (27.8% below fair value)
Industry Position: 38.6% above the Medical Devices & Instruments median (#315 of 853)
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.
91GF Score
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