Poly Medicure or Polymed as it is known are manufacturers of medical devices. The company yesterday surprised everyone with a liberal 1:1 bonus and the stock hit a new 52-week high at Rs.574.85. The company posted a good set of numbers for Q4FY13 with net sales rising 24% at Rs.68 crore. Operating expenses were 80% of the total sales which were at over 84% in Q4FY12. Tax outgo rose from Rs.3 crore to Rs.4 crore. It ended the quarter with a net profit at Rs.9.25 crore, up 80%.

For FY13, the company had a topline of Rs.255 crore, up 21% and net profit was at Rs.24.23 crore, up 24%. NPM stands at 9.5%, up from 9.22% in Fy12. Reserves as at 31^st March 2013 stood at Rs.101.45 crore and equity, post this 1:1 bonus will double from current Rs.11.01 crore to Rs.22.02 crore. EPS for the year is at Rs.22 (face value Rs.10) and this discounts the current price by over 25 times. Market cap is at Rs.605 crore. Promoters stake is at 48.70% and no FII or DII has any stake in the company.