Poly Medicure vs Hindustan Syringes and Medical Devices: Share Price, Comparison and Key Differences
- August 11, 2026
- Posted by: Neeraj Pandey
- Category: News
Poly Medicure MCap Rs 17,153 Cr, PE 54.82x, ROE 10.37%, D/E 0.11. Hindustan Syringes and Medical Devices MCap approx Rs 3,500 Cr, data approximate.
Poly Medicure vs Hindustan Syringes and Medical Devices is a comparison medical device investors look up when evaluating two listed Indian manufacturers of disposable medical devices. Poly Medicure, a Faridabad-based company, manufactures IV cannulas, infusion sets, blood bags, blood administration sets and other disposable medical consumables for hospitals and clinics. Hindustan Syringes and Medical Devices (HSMD, known for Dispovan brand), a Faridabad-based company, is a major manufacturer of disposable syringes, needles and safety-engineered injection devices used across India and internationally. Both Poly Medicure vs Hindustan Syringes serve the hospital disposables market in India and globally.
This Poly Medicure vs Hindustan Syringes and Medical Devices article covers reach and market position, key products, latest declared results and stock valuation. The Poly Medicure vs Hindustan Syringes and Medical Devices data below is sourced from Groww and public company filings and reflects the most recently available information at the time of writing.
Poly Medicure vs Hindustan Syringes and Medical Devices: Reach and Market Position
On the Poly Medicure side of the Poly Medicure vs Hindustan Syringes and Medical Devices comparison, Poly Medicure exports IV care, blood management and wound care devices to regulated markets in Europe, the US and the Middle East. Market capitalisation is Rs 17,153 Cr.
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On the Hindustan Syringes and Medical Devices side of the Poly Medicure vs Hindustan Syringes and Medical Devices comparison, Hindustan Syringes and Medical Devices (HSMD) is known for Dispovan brand syringes used extensively in government vaccination programmes and clinical settings across India. Market capitalisation is approximately Rs 3,500 Cr.
Poly Medicure vs Hindustan Syringes and Medical Devices: Key Products and Business Mix
In the Poly Medicure vs Hindustan Syringes and Medical Devices product comparison, Poly Medicure offers: Poly Medicure earns from IV cannulas, infusion sets, burette sets, blood bags, urine bags, extension lines and surgical dressings. EPS is Rs 30.87. PE is 54.82x, ROE 10.37 percent, D/E 0.11.
For Hindustan Syringes and Medical Devices in this Poly Medicure vs Hindustan Syringes and Medical Devices breakdown: Hindustan Syringes earns from disposable syringes (Dispovan brand), needles, safety devices and auto-disable syringes for immunisation. Data is approximate – investors should verify current figures from exchange filings.
Poly Medicure vs Hindustan Syringes and Medical Devices: Latest Results
The Poly Medicure vs Hindustan Syringes and Medical Devices results for Poly Medicure: Poly Medicure has a market cap of Rs 17,153 Cr and PE of 54.82x. ROE is 10.37 percent. Poly Medicure is significantly larger than Hindustan Syringes.
The Poly Medicure vs Hindustan Syringes and Medical Devices results for Hindustan Syringes and Medical Devices: Hindustan Syringes and Medical Devices has a market cap of approximately Rs 3,500 Cr. HSMD benefited enormously from COVID-19 vaccination demand for Dispovan syringes. Current financials should be verified from exchange filings.
Poly Medicure vs Hindustan Syringes and Medical Devices: Stock and Valuation
The Poly Medicure vs Hindustan Syringes and Medical Devices stock comparison uses the latest available market data from Groww. Investors tracking Poly Medicure vs Hindustan Syringes and Medical Devices should verify current prices on NSE or BSE before trading.
Poly Medicure vs Hindustan Syringes at current valuations: Poly Medicure trades at Rs 17,153 Cr market cap, PE 54.82x, ROE 10.37 percent. Hindustan Syringes has a market cap of approximately Rs 3,500 Cr. Poly Medicure is the clear financial leader in this pair with verified data and export-oriented growth.
Poly Medicure vs Hindustan Syringes and Medical Devices: Quick Comparison Table
The Poly Medicure vs Hindustan Syringes and Medical Devices comparison table below summarises the key metrics covered in this article side by side.
| Parameter | Poly Medicure | Hindustan Syringes and Medical Devices |
|---|---|---|
| Sector | IV cannulas, infusion sets, blood bags, disposable IV care (export) | Disposable syringes (Dispovan), needles, auto-disable syringes (India) |
| Market Cap | Rs 17,153 Cr | Approx Rs 3,500 Cr |
| P/E Ratio | 54.82x | Approx (verify from filings) |
| ROE | 10.37% | Approx (verify from filings) |
| Debt to Equity | 0.11 | Low (approx) |
| Brand | Poly Medicure (IV care exports) | Dispovan (India vaccination syringes) |
| Key Markets | Europe, US, Middle East + India | India domestic vaccination + clinical |
Conclusion
The Poly Medicure vs Hindustan Syringes and Medical Devices comparison above covers the key data points on reach, products, results and valuation. Poly Medicure vs Hindustan Syringes covers two Faridabad-based medical disposables manufacturers. Poly Medicure is a premium, export-oriented IV care device company with a strong global customer base. Hindustan Syringes is a domestic vaccination syringe leader. Poly Medicure vs Hindustan Syringes investors should review Poly Medicure’s export order growth, regulatory approvals and Hindustan Syringes’ post-COVID demand normalisation. Consult a SEBI-registered advisor for personalised guidance.
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Disclaimer: Data and figures in this article are sourced from publicly available information, including company results filings and exchange data, and are current as of the time of writing. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Frequently Asked Questions
What does Poly Medicure make?
Ans. Poly Medicure manufactures IV cannulas (intravenous needles), infusion sets, blood bags, burette sets, urine bags, extension lines and surgical wound dressings for use in hospitals and clinics – primarily for export to regulated markets in Europe and the US.
What is Dispovan?
Ans. Dispovan is Hindustan Syringes and Medical Devices’ brand of disposable syringes – one of India’s most widely used clinical and vaccination syringe brands. Dispovan syringes were extensively used during India’s COVID-19 vaccination campaign.
What is an IV cannula?
Ans. An IV (intravenous) cannula is a small tube inserted into a vein to administer medicines, fluids or blood products. Poly Medicure is one of India’s major exporters of IV cannulas to European and Middle Eastern hospitals.
Did HSMD benefit from COVID-19?
Ans. Yes. Hindustan Syringes benefited significantly from COVID-19 as demand for Dispovan auto-disable syringes for vaccination surged. Post-COVID demand has normalised. Current financial performance should be verified.
Are Poly Medicure and HSMD in Nifty 50?
Ans. Neither is in Nifty 50. Both are tracked in smaller indices.
Which is larger, Poly Medicure or HSMD?
Ans. Poly Medicure at Rs 17,153 Cr is approximately 4-5 times larger than HSMD at approximately Rs 3,500 Cr.
Does Poly Medicure pay dividends?
Ans. Yes. Poly Medicure pays a small dividend yield of approximately 0.21 percent.
