Polycab India Ltd
POLYCABPolycab India Ltd
POLYCAB
Price Chart
Scorecard
Performance
AvgPrice return has been average, nothing exciting
Valuation
HighSeems to be overvalued vs the market average
Growth
LowLagging behind the market in financials growth
Profitability
HighShowing good signs of profitability & efficiency
Entry point
AvgThe stock is overpriced but is not in the overbought zone
Red flags
LowNo red flag found
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Key Metrics
| No LabelNo Label | PB RatioPB Ratio | Dividend YieldDiv. Yield |
|---|---|---|
| 54.61 | 11.89 | 0.46% |
| Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
|---|---|---|
| 47.66 | 6.65 | 0.57% |
Forecast & Ratings
Detailed Forecast from 27 analysts
Price
Price Upside
Earnings
Earnings Growth
Revenue
Rev. Growth
Company Profile
Polycab India is a manufacturer and seller of wires and cables and fast moving electrical goods. The Company's product line includes electric fans, LED lighting and luminaires, switches and switchgears under the 'POLYCAB' brand
Peers
Compare with peersHavells India Ltd
Apar Industries Ltd
Kaynes Technology India Ltd
V Guard Industries Ltd
Olectra Greentech Ltd
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Forecasts
Price
Revenue
Earnings
Price Forecast
All values in ₹
All values in ₹
Revenue Forecast
All values in ₹ Thousand cr.
All values in ₹ Thousand cr.
Earnings Per Share Forecast
All values in ₹
All values in ₹
Income
Balance Sheet
Cash Flow
Income Statement
| Financial Year | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | TTM | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | 5,235.55 | 5,575.65 | 6,834.84 | 8,049.33 | 8,922.75 | 8,956.19 | 12,365.74 | 14,241.11 | 18,260.32 | 20,388.21 | ||||||||||
Raw Materials | 3,866.00 | 4,352.30 | 247.21 | 5,819.36 | 6,288.32 | 6,341.06 | 9,846.96 | 10,341.07 | 13,227.46 | 17,582.82 | ||||||||||
| Power & Fuel Cost | 81.87 | 84.78 | 89.63 | 107.65 | 128.32 | 116.03 | 143.98 | 183.75 | 218.18 | |||||||||||
| Employee Cost | 206.06 | 229.10 | 259.26 | 300.25 | 365.75 | 353.73 | 406.63 | 456.77 | 609.54 | |||||||||||
| Selling & Administrative Expenses | 247.52 | 269.66 | 340.05 | 364.95 | 443.05 | 383.48 | 535.45 | 663.10 | 793.54 | |||||||||||
| Operating & Other expenses | 310.21 | 84.65 | 5,105.27 | 442.91 | 476.90 | 486.79 | 8.10 | 620.24 | 698.92 | |||||||||||
EBITDA | 523.89 | 555.16 | 793.42 | 1,014.21 | 1,220.41 | 1,275.10 | 1,424.62 | 1,976.18 | 2,712.68 | 2,805.39 | ||||||||||
| Depreciation/Amortization | 111.12 | 127.88 | 132.95 | 141.45 | 160.89 | 176.17 | 201.52 | 209.16 | 245.04 | 266.78 | ||||||||||
| PBIT | 412.77 | 427.28 | 660.47 | 872.76 | 1,059.52 | 1,098.93 | 1,223.10 | 1,767.02 | 2,467.64 | 2,538.61 | ||||||||||
| Interest & Other Items | 147.35 | 65.95 | 93.68 | 116.71 | 49.54 | 42.69 | 35.19 | 59.76 | 108.34 | 143.23 | ||||||||||
| PBT | 265.42 | 361.33 | 566.79 | 756.05 | 1,009.98 | 1,056.24 | 1,187.91 | 1,707.26 | 2,359.30 | 2,395.38 | ||||||||||
| Taxes & Other Items | 80.63 | 128.61 | 208.78 | 256.36 | 250.93 | 174.16 | 279.34 | 436.47 | 575.26 | 600.76 | ||||||||||
| Net Income | 184.79 | 232.72 | 358.01 | 499.69 | 759.05 | 882.08 | 908.57 | 1,270.79 | 1,784.04 | 1,794.62 | ||||||||||
| EPS | 13.09 | 16.48 | 25.35 | 35.39 | 52.33 | 59.20 | 60.86 | 84.94 | 118.94 | 119.45 | ||||||||||
| DPS | 1.70 | 1.00 | 0.00 | 3.00 | 7.00 | 10.00 | 14.00 | 20.00 | 30.00 | 30.00 | ||||||||||
| Payout ratio | 0.13 | 0.06 | 0.00 | 0.08 | 0.13 | 0.17 | 0.23 | 0.24 | 0.25 | 0.25 |
Company Updates
Peers & Comparison
IndustrialsElectrical Components & Equipments
Valuation
Technical
Forecast
Compare valuation on Screener| Stock | PE RatioPE Ratio | PB RatioPB Ratio | Div. YieldDividend Yield |
|---|---|---|---|
| Polycab India Ltd | 54.93 | 11.89 | 0.46% |
| Havells India Ltd | 80.54 | 13.74 | 0.55% |
| Apar Industries Ltd | 46.14 | 9.82 | 0.54% |
| Kaynes Technology India Ltd | 201.69 | 14.86 | — |
Price Comparison
Compare POLYCAB with any stock or ETFShareholdings
Promoter Holdings Trend
Decreased Total Promoter Holding
In last 6 months, promoter holding in the company has decreased by 2.18%
Low Pledged Promoter Holding
Pledged promoter holdings is insignificant
Institutional Holdings Trend
Total Retail Holding
In last 3 months, retail holding in the company has almost stayed constant
Foreign Institutional Holding
In last 3 months, foreign institutional holding of the company has almost stayed constant
Shareholding Pattern
Dec 2023
Mar 2024
Jun 2024
Sep 2024
Shareholding History
Mutual Funds Holding Trend
Increased Mutual Fund Holding
In last 3 months, mutual fund holding of the company has increased by 2.41%
Top 5 Mutual Funds holding Polycab India Ltd
| Funds (Top 5) | The rupee value of the stock held by the fund divided by the stock’s market cap Market-cap held | Percentage of the fund’s portfolio invested in the stock Weight | Change in the portfolio weight of the stock over the last 3 months 3M holding change | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months Portfolio rank(3M change) |
|---|---|---|---|---|
Motilal Oswal Midcap Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 1.9010% | Percentage of the fund’s portfolio invested in the stock 9.29% | Change in the portfolio weight of the stock over the last 3 months -0.68% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 3/29 (-2) |
Motilal Oswal Flexi Cap Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 1.1902% | Percentage of the fund’s portfolio invested in the stock 9.70% | Change in the portfolio weight of the stock over the last 3 months -0.02% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 3/29 (0) |
Kotak Emerging Equity Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.6069% | Percentage of the fund’s portfolio invested in the stock 1.17% | Change in the portfolio weight of the stock over the last 3 months 1.17% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 63/75 (+11) |
Compare 3-month MF holding change on Screener
Hmm, looks like there hasn't been any net deal activity in the last 6 monthssmallcases
A smallcase is a basket of stocks/ETFs that represents an idea or theme.Diversify your risk and buy smallcases that have Polycab India Ltd
Events
Dividend Trend
Increasing Dividends
POLYCAB has increased dividends consistently over the last 5 years
Dividend Yield
Current dividend yield is 0.46%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹4.60 every year
Dividends
Corp. Actions
Announcements
Legal Orders
Upcoming Dividends
No upcoming dividends are available
Past Dividends
Cash Dividend
Ex DateEx DateJul 9, 2024
Dividend/Share
₹30.00
Ex DateEx Date
Jul 9, 2024
Cash Dividend
Ex DateEx DateJun 21, 2023
Dividend/Share
₹20.00
Ex DateEx Date
Jun 21, 2023
Cash Dividend
Ex DateEx DateJun 21, 2022
Dividend/Share
₹14.00
Ex DateEx Date
Jun 21, 2022
Cash Dividend
Ex DateEx DateJul 12, 2021
Dividend/Share
₹10.00
Ex DateEx Date
Jul 12, 2021
Cash Dividend
Ex DateEx DateMar 12, 2020
Dividend/Share
₹7.00
Ex DateEx Date
Mar 12, 2020
Polycab India has allotted 4,200 equity shares under ESOS on 08 November 2024. Powered by Capital Market - Live
The project involves development (creation, upgradation and operation & maintenance) of middle mile network of Bharat Net on design build operate and maintain (DBOM) model ' package-7 in the state of Bihar. The project includes a 3-year construction period, followed by a 10-year maintenance contract. The maintenance fee will be 5.5% of the capital expenditure (capex) annually for the first 5 years and 6.5% annually for the subsequent 5 years. Polycab India is the largest manufacturer of wires and cables in India and fast-growing player in the fast-moving electrical goods (FMEG) space. The Group is also in the business of engineering, procurement and construction (EPC) projects. The company's consolidated net profit rose 3.35% to Rs 439.81 crore on a 30.37% increase in sales to Rs 5,498.42 crore in Q2 FY25 over Q2 FY24. The scrip shed 0.65% to currently trade at Rs 6840.75 on the BSE. Powered by Capital Market - Live
The company has emerged as the lowest bidder (L-1) for a Rs 4,099.69 crore project to design, build, operate, and maintain (DBOM) the middle mile network of BharatNet in Karnataka, Goa, and Puducherry. The contract stipulates a 3-year construction period, followed by a 10-year maintenance period. The maintenance fee will be 5.5% of the capital expenditure (capex) for the first five years and 6.5% for the subsequent five years. Polycab India is the largest manufacturer of wires and cables in India and fast-growing player in the fast-moving electrical goods (FMEG) space. The Group is also in the business of engineering, procurement and construction (EPC) projects. The company's consolidated net profit fell marginally to Rs 401.61 crore in Q1 FY25 as against with Rs 403.16 crore posted in Q1 FY24. Revenue from operations stood at Rs 4,698.03 crore in Q1 FY25, up 20.79% as against with Rs 3,889.38 crore posted in Q1 FY24 Powered by Capital Market - Live
Polycab India has emerged as the Lowest Bidder (L1) from Bharat Sanchar Nigam (BSNL) for 'Development (Creation, Upgradation and Operation & Maintenance) of Middle mile network of Bharat Net on Design Build Operate and Maintain (DBOM) Model' - Package 4 (Karnataka, Goa and Puducherry). The cost of the project Rs 4099.69 crore. Powered by Capital Market - Live
Net profit of Polycab India rose 3.35% to Rs 439.81 crore in the quarter ended September 2024 as against Rs 425.57 crore during the previous quarter ended September 2023. Sales rose 30.37% to Rs 5498.42 crore in the quarter ended September 2024 as against Rs 4217.70 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales5498.424217.70 30 OPM %11.4914.44 - PBDT662.41617.45 7 PBT590.35557.15 6 NP439.81425.57 3 Powered by Capital Market - Live
Polycab India will hold a meeting of the Board of Directors of the Company on 17 October 2024.Powered by Capital Market - Live
Polycab India has allotted 3,525 equity shares of face value of Rs 10/- each to the eligible employees who had exercised their options under Polycab Employee Stock Option Performance Scheme 2018.Powered by Capital Market - Live
Polycab India has allotted 11,390 equity shares under ESOS on 07 August 2024. Powered by Capital Market - Live
Polycab India has allotted 12,250 equity shares under ESOS on 22 July 2024. Powered by Capital Market - Live
Buy Polycab India, target price Rs 8200: Motilal Oswal
Higher than Industry Revenue Growth
Over the last 5 years, revenue has grown at a yearly rate of 17.8%, vs industry avg of 9.15%
Increasing Market Share
Over the last 5 years, market share increased from 14.93% to 20.56%
Higher than Industry Net Income
Over the last 5 years, net income has grown at a yearly rate of 28.99%, vs industry avg of -3.05%