Nov 15, 2006, 06.12 PM IST | Source: CNBC-TV18

FY08 EPS around Rs 26-27: Poly Medicure

Himanshu Baid, MD at Poly Medicure, says 85% of their business is from exports and expects Rs 92-85 crore in sales for the end of the current fiscal with net profits exceeding Rs 10 crore, reports CNBC-TV18.

On EPS.

Himanshu Baid

MD

Poly Medicure

Himanshu Baid, MD at Poly Medicur e , says that 85% of their business is from exports and expects Rs 92-85 crore in sales for the end of the current fiscal with net profits exceeding Rs 10 crore.

Excerpts from CNBC-TV18's exclusive interview with Himanshu Baid:

Q: How is it growing the hospital product segment for you?

A: Basically we are into the export market and 85% of our business is from exports. We are currently in an exhibition in Dusseldorf. The export market is growing at around 20%.

Q: What does your product portfolio comprise of?

A: We are mainly into safety products, IV Catheters and blood bags.

Q: You had a couple of delays we believe in terms of plant and machineries, has that been sorted out?

A: Thats been sorted out and we are expecting our plant and machinery to arrive next month. Hopefully the new plant will be up and running in January.

Q: In terms of global sales, how much do you think they will contribute to the revenues by the end of this financial year in money terms?

A: In this financial year it would be around Rs 7-8 crore.

Q: Do you think you could end the current fiscal with sales close to Rs 100 crore or is that too much?

A: We are looking at a target of Rs 92-95 crore.

Q: With what kind of profitability?

A: We are looking at net profit exceeding Rs 10 crore.

Q: What do you think you might deliver in terms of an EPS by FY08?

A: The FY08 EPS would be around Rs 26-27.

Poly Medicure stock price

On April 17, 2014, Poly Medicure closed at Rs 483.50, down Rs 5.4, or 1.1 percent. The 52-week high of the share was Rs 515.00 and the 52-week low was Rs 215.03.


The company's trailing 12-month (TTM) EPS was at Rs 18.56 per share as per the quarter ended September 2013. The stock's price-to-earnings (P/E) ratio was 26.05. The latest book value of the company is Rs 53.07 per share. At current value, the price-to-book value of the company is 9.11.

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