Poly Medicure - Infusing growth - Visit Note - BRICS

- We visited the Ballabgarh manufacturing facility of Poly Medicure Ltd. (PolyMed) - a leading manufacturer of disposable medical devices, and met its management

- PolyMed is in an investment mode with its capacity expansion likely to drive a CAGR of 21% in sales and 36% in net profit over FY12-14

- We believe that the stock, which trades at 27x FY13E and 13x FY14E EPS, will deliver market beating returns over the next 18 months.

Source : Equity Bulls

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