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Polycab India Ltd (POLYCAB)

₹6349.853.09%

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Overview
News
Financials
Q1 2024 Results
Technicals

Analyst Rating

based on 26 analysts

BUY

65.38%

Buy

23.08%

Hold

11.54%

Sell

Based on 26 analysts offering long term price targets for Polycab India Ltd. An average target of ₹6916.19

Source: S&P Global Market Intelligence

Polycab India Ltd Share analysis

Source: S&P Global Market Intelligence

Performance

  • Day's Low

    Day's High

    ₹6,257.5
    ₹6,524.85
  • 52 Week's Low

    52 Week's High

    ₹3,801
    ₹7,331.45
1 Month Return-8.72 %
3 Month Return+ 16.86 %
1 Year Return+ 34.61 %
Previous Close₹6,552.25
Open₹6,500.00
Volume10.38L
Upper Circuit-
Lower Circuit-
Market Cap₹98,520.51Cr

Key Statistics

P/E Ratio53.54
PEG Ratio2.46
Market Cap₹98,520.51 Cr
P/B Ratio9.35
EPS51.43

Mutual Fund Holdings

Funds HoldingsPrev. 6M
Motilal Oswal Flexicap Fund Direct Plan GrowthMotilal Oswal Flexicap Fund Direct Plan Growth6.66%
Motilal Oswal Midcap Direct GrowthMotilal Oswal Midcap Direct Growth4.8%
DSP Midcap Fund Direct Plan GrowthDSP Midcap Fund Direct Plan Growth2.18%
UTI Flexi Cap Fund - Growth Option - DirectUTI Flexi Cap Fund - Growth Option - Direct1.25%
Kotak Equity Arbitrage Fund Direct GrowthKotak Equity Arbitrage Fund Direct Growth0.66%

Company Information

Polycab India Ltd is one of the largest and most trusted electrical products companies in India. Incorporated in 1966, the company is engaged in the manufacturing and distribution of wires and cables, switches, fans, LED lighting, solar products, and other electrical and related products. The company offers a wide range of products under its own brands, such as Polycab, Wires & Cables, Wires & Cables, Polycab Fans, Polycab Wires & Cables, Polycab Switches, Polycab LED Lighting, and Polycab Solar Products.

The company has a wide network of distribution and has presence in more than 200 cities across India. It has also established a strong presence in the international market, with exports to more than 20 countries. The company also offers a wide range of services such as installation, maintenance, and after-sales support. Polycab India has won several awards for its quality products and services, including the Best Electrical Product Company‚ award from the Indian Electrical and Electronics Manufacturers Association (IEEMA).

Share Price: ₹6349.85 per share as on 19 Jul, 2024 04:01 PM
Market Capitalisation: ₹98,520.51Cr as of today
Revenue: ₹4,698.03Cr as on June 2024 (Q2 24)
Net Profit: ₹401.62Cr as on June 2024 (Q2 24)
Listing date: 16 Apr, 2019
Chairperson Name: Inder Thakurdas Jaisinghani
OrganisationPolycab India Ltd
HeadquartersMumbai
IndustryCables
E-voting on sharesClick here to vote

Key events for Polycab India Ltd

  • Polycab India Q1 Results Declared - 19 Jul, 2024

    Polycab India's Q1 revenue declined by 15.99%, while the profit decreased by 27.48% YoY. The EPS is ₹26.26 for Q1 which decreased by 1.16% YoY. As of 19 Jul, 2024, out of 26 analysts covering the company, 2 have given Strong Sell rating, 1 has given Sell rating, 7 have given Hold rating, 8 have given Buy rating & 8 have given Strong Buy rating.

  • Polycab India Reports Marginal Decline in Q1 Net Profit - 18 Jul, 2024

    Polycab India reports a marginal decline in consolidated net profit to Rs 401.62 crore in the June 2024 quarter due to higher expenses. Revenue from operations stood at Rs 4,698 crore, up 21% YoY. EBITDA increased by 6.4%, while EBITDA margin narrowed to 12.4%. The wires and cables segment clocked a revenue of Rs 3,942.12 crore, up from Rs 3,553.77 crore a year ago.

  • Polycab India to Announce Q1FY25 Results on July 18 - 14 Jul, 2024

    Polycab India Limited is set to announce its quarterly results for the quarter ended Q1FY25 on July 18, 2024. The company's Revenue from Operations grew by 27.87% from FY23 to FY24, accompanied by profits of Rs. 1,283 Crores to Rs. 1,803 Crores.

  • Polycab India Ltd Fixes Record Date for 300% Dividend - 08 Jul, 2024

    Polycab India Ltd has fixed the record date on July 9, 2024, for a 300% dividend of Rs 30 per equity share. The stock was trading flat amid selling pressure in the broader market.

  • Polycab India Declares Final Dividend of Rs. 30 per Share - 06 Jul, 2024

    Polycab India Limited has declared a final dividend of Rs. 30 per equity share with a face value of Rs. 10, representing a 300% payout. The record date for determining eligible shareholders is July 9, 2024, and the dividend yield is 0.45 percent.

  • Polycab India Ltd to Pay Dividend of ₹30.00 per Share - 05 Jul, 2024

    Polycab India Ltd is set to pay a dividend of ₹30.00 per share, with a trailing yield of 0.5% on the current share price of ₹6661.45. The company paid out 25% of its profit and 68% of its free cash flow as dividends last year. Polycab India has grown its earnings rapidly, up 27% a year for the past five years, and delivered an average of 58% per year annual increase in its dividend.

  • Nuvama Raises Price Target for Polycab India - 03 Jul, 2024

    Polycab India's stock gained 1.56% in early trading after brokerage Nuvama raised its price target to Rs 7,700 and retained its buy call on the cables and wires player. The company reported growth of 28%/35%/44% in revenue/EBITDA/PAT during FY24, with C&W segment revenue growing 28% YoY. Project LEAP is on track and likely to achieve guidance earlier than expected.

  • Polycab India Promoters Sell Stake via Block Deal - 28 Jun, 2024

    Polycab India's promoters have sold some of their stake in the company through a block deal, causing the stock to fall by 5%. The deal is valued at around Rs 2,716.5 crore. Additionally, the promoters are expected to own a 2.04% stake in the company through another block deal valued at Rs 2,145 crore.

  • Polycab India Stock Hits New High on Healthy Demand Outlook - 24 Jun, 2024

    Shares of Polycab India hit a new high of Rs 7,260, up 2% in intraday trade due to healthy demand outlook. The FMEG company has also recovered 90% from its low of Rs 3,812.35 and outperformed the market in the past two months. With consolidated turnover of Rs 18,039 crore in FY24, it is India's largest manufacturer of wires & cables.

Insights on Polycab India Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    Retail Holding Up

    img

    Retail Investor have increased holdings from 13.18% to 15.58% in Mar 2024 quarter

  • imgPOSITIVE IMPACT

    MF Holding Up

    img

    Mutual Funds have increased holdings from 5.32% to 5.45% in Mar 2024 quarter

  • imgNO EFFECT

    Against Peers

    img

    In the last 1 year, Voltas Ltd has given 90.1% return, outperforming this stock by 55.5%

  • imgNO EFFECT

    Against Peers

    img

    In the last 3 years, KEI Industries Ltd has given 463.1% return, outperforming this stock by 244.1%

  • imgNEGATIVE IMPACT

    Profit Down

    img

    Netprofit is down for the last 2 quarters, 546.0 Cr → 395.95 Cr (in ₹), with an average decrease of 27.5% per quarter

  • imgNEGATIVE IMPACT

    Price Dip

    img

    In the last 1 month, POLYCAB stock has moved down by -8.7%

  • imgNEGATIVE IMPACT

    FII Holding Down

    img

    Foreign Institutions have decreased holdings from 13.41% to 11.94% in Mar 2024 quarter

  • imgNEGATIVE IMPACT

    Revenue Fall

    img

    Revenue is down for the last 2 quarters, 5.64K Cr → 4.75K Cr (in ₹), with an average decrease of 15.8% per quarter

  • imgNEGATIVE IMPACT

    Promoter Holding Down

    img

    Promoters have decreased holdings from 65.79% to 65.24% in Mar 2024 quarter

News

Polycab India Share Price Live blog for 19 Jul 2024

Polycab India Share Price Today Live Updates : Polycab India stock price went down today, 19 Jul 2024, by -1.13 %. The stock closed at 6624.95 per share. The st... Read more

19 Jul, 2024 08:03 AM

Polycab India Q1 Results Live : profit falls by 0.83% YOY

Polycab India Q1 Results Live : Revenue increased by 20.79% YoY & profit decreased by 0.83% YoY

19 Jul, 2024 10:37 AM

Polycab India: Wire & cable segment up 11 per cent in Q1FY25 - Your Gateway to Power Transmission & Distribution

Polycab India reported a 11 per cent year-on-year growth in revenues of its wire & cable business in Q1FY25.

19 Jul, 2024 10:55 AM
View More

Company Financials

Value in ₹ crore
Q'2 24Q/Q Change
Revenue
₹4,698.03Cr
↓15.99%
Net Income
₹401.62Cr
↓27.44%
Net Profit Margin
8.55%
↓13.64%
2024Y/Y Change
Revenue
₹18,039.44Cr
↑27.87%
Net Income
₹1,802.92Cr
↑40.51%
Net Profit Margin
9.99%
↑9.90%
Value in ₹ crore
2024Y/Y Change
Total Assets
₹11,791.45Cr
↑27.27%
Total Liabilities
₹3,647.03Cr
↑37.14%
Value in ₹ crore
2024Y/Y Change
Operating Cash Flow
₹1,291.74Cr
↓11.02%

Shareholding Pattern

InvestorsHoldings %FY Quarter3M change
Promoter Holdings
65.24%
0.00
Foreign Institutions
11.94%
0.00
Mutual Funds
5.45%
0.00
Retail Investors
15.58%
0.00
Others
1.79%
0.00

Key Indicators

Polycab India Ltd Valuation

Polycab India Ltd in the last 5 years

  • Overview

  • Trends

Lowest (12.26x)

May 22, 2020

Today (53.54x)

July 19, 2024

Industry (72.84x)

July 19, 2024

Highest (61.05x)

June 24, 2024

LowHigh

Earnings and Dividends

  • Polycab India Ltd Earnings Results

    Polycab India Ltd’s net profit fell -0.92% since last year same period to ₹395.95Cr in the Q1 2024-2025. On a quarterly growth basis, Polycab India Ltd has generated -27.48% fall in its net profits since last 3-months.

    Read More about Earnings Results
  • Polycab India Ltd Dividends May,2024

    In the quarter ending March 2024, Polycab India Ltd has declared dividend of ₹30 - translating a dividend yield of 0.79%.

    Read More about Dividends

Technicals Summary

Bearish

Neutral

Bullish

Bearish

Polycab India Ltd is currently in a Bearish trading position according to technical analysis indicators.

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Polycab India Ltd (POLYCAB) share price today is ₹6349.85

Polycab India Ltd is listed on NSE

Polycab India Ltd is listed on BSE

  • Today’s highest price of Polycab India Ltd is ₹6524.85.
  • Today’s lowest price of Polycab India Ltd is ₹6257.5.

PE Ratio of Polycab India Ltd is 53.54

PE ratio = Polycab India Ltd Market price per share / Polycab India Ltd Earnings per share

Today’s traded volume of Polycab India Ltd(POLYCAB) is 10.38L.

Today’s market capitalisation of Polycab India Ltd(POLYCAB) is ₹98520.51Cr.

Polycab India Ltd(POLYCABPrice
52 Week High
₹7331.45
52 Week Low
₹3801

Polycab India Ltd(POLYCAB) share price is ₹6349.85. It is down -13.39% from its 52 Week High price of ₹7331.45

Polycab India Ltd(POLYCAB) share price is ₹6349.85. It is up 67.06% from its 52 Week Low price of ₹3801

Polycab India Ltd(POLYCABReturns
1 Day Returns
-202.4%
1 Month Returns
-8.72%
3 Month Returns
16.86%
1 Year Returns
34.61%