🔔 Earnings Alert
Polycab India reported 30% YoY revenue growth in Q2 FY25; Motilal Oswal maintains BUY rating with a target price of Rs 8,340.
Polycab India Ltd Analyst Rating
based on 29 analysts
63.33%
Buy
20.00%
Hold
16.67%
Sell
Based on 29 analysts offering long term price targets for Polycab India Ltd. An average target of ₹7290.17
Source: S&P Global Market Intelligence
Polycab India Ltd Share analysis
Polycab India Ltd price forecast by 29 analysts
Upside of2.38%
High
₹9000
Target
₹7290.17
Low
₹4500
Polycab India Ltd target price ₹7290.17, a slight upside of 2.38% compared to current price of ₹6849.75. According to 29 analysts rating.
Excluding Excise Duty and Other Income, represents Net Revenue
Polycab India Ltd revenue growth forecast
Expected growth rate Q1, FY2026:40.98%
Forecast
Actual
Including amortisation and stock based compensations
Polycab India Ltd EPS growth forecast
EPS estimate Q1, FY2026:35.76%
Forecast
Actual
Source: S&P Global Market Intelligence
Polycab India Ltd Performance
Day's Low
Day's High
₹6,795.75₹7,243.9552 Week's Low
52 Week's High
₹3,801₹7,605
| Returns % | |
| 1 Month Return | + 7.74 % |
| 3 Month Return | + 13.22 % |
| 1 Year Return | + 38.15 % |
| Market Stats | |
| Previous Close | ₹7,120.40 |
| Open | ₹7,155.00 |
| Volume | 8.42L |
| Upper Circuit | - |
| Lower Circuit | - |
| Market Cap | ₹1,07,085.66Cr |
Polycab India Ltd Key Statistics
| P/E Ratio | 59.6 |
| PEG Ratio | 4.91 |
| Market Cap | ₹1,07,085.66 Cr |
| P/B Ratio | 9.35 |
| EPS | 120.01 |
| Dividend Yield | 0.59 |
| Sector | Cables |
| ROE | 24 |
Polycab India Ltd Peer Comparison
Company | Analyst View | Market Cap | 5 Year CAGR | Debt to Asset Ratio | Net Profit | Yearly Revenue |
|---|---|---|---|---|---|---|
| BUY | ₹1,07,085.66 Cr | 169.75% | 0.51 | ₹1,802 Cr | ₹18,039 Cr | |
| HOLD | ₹39,273.59 Cr | 28.71% | 0.53 | ₹1,136 Cr | ₹4,853 Cr | |
| HOLD | ₹1,02,843.97 Cr | 108.22% | 0.52 | ₹1,720 Cr | ₹9,000 Cr | |
| ₹88,392.18 Cr | 78.01% | 0.71 | ₹282 Cr | ₹23,892 Cr | ||
| HOLD | ₹1,86,119.13 Cr | 107.23% | 0.51 | NA | NA |
About Polycab India Ltd
Polycab operates primarily in India but has extended its reach to over 40 countries across Asia, Africa, the Middle East, Europe, and America. The company markets its diverse product range under several sub-brands, including Polycab Green for eco-friendly products and Polycab Telecom for networking solutions. A notable fact about Polycab is its status as one of India's largest manufacturers of cables and wires, with a robust presence in the domestic and international markets. Polycab operates independently without a parent company and has focused on organic growth and innovation rather than mergers and acquisitions.
Share Price: ₹6849.75 per share as on 21 Oct, 2024 04:01 PM
Market Capitalisation: ₹1,07,085.66Cr as of today
Revenue: ₹5,498.42Cr as on September 2024 (Q3 24)
Net Profit: ₹445.21Cr as on September 2024 (Q3 24)
Listing date: 16 Apr, 2019
Chairperson Name: Inder Thakurdas Jaisinghani
| Organisation | Polycab India Ltd |
| Headquarters | Mumbai |
| Industry | Cables |
| E-voting on shares | Click here to vote |
Key events for Polycab India Ltd
Polycab India Reports Strong Q2 Growth and Outlook - 21 Oct, 2024
Polycab India reported a robust 30% YoY revenue growth in Q2 FY25, driven by strong demand in the Cables and Wires segment. Analysts maintain positive ratings with targets ranging from Rs 8,300 to Rs 8,600, highlighting strong future growth potential despite margin pressures.
Polycab India Reports Strong Revenue Growth Amid Margin Pressures - 20 Oct, 2024
Polycab India and Havells India reported robust revenue growth of 16-30% in Q2 FY25, but faced declining margins. Brokerages remain optimistic about long-term prospects despite downward revisions in earnings forecasts due to margin pressures.
Polycab India Reports Q2 Growth Amid Margin Pressures - 18 Oct, 2024
Polycab India reported a 4% increase in net profit for Q2FY25, with total income rising significantly. However, shares fell due to margin pressures and competition. Analysts maintain buy ratings with high target prices, citing strong revenue growth potential.
Polycab India Reports Q2 Earnings, Misses Profit Estimates - 17 Oct, 2024
Polycab India reported a 3.6% increase in Q2 net profit to ₹445.2 crore, missing analyst expectations. Revenue surged 30% to ₹5,498 crore, but expenses rose faster, impacting margins.
Polycab Breaks Out with Positive Momentum - 14 Oct, 2024
Polycab has shown strong price action, breaking out of a four-month consolidation range and reaching a 52-week high of Rs 7,585.50. Analysts suggest buying in the Rs 7,400-7,450 range, targeting Rs 8,500-8,550, with a stop loss below Rs 6,800.
HSBC Upgrades Polycab India Target Price - 08 Oct, 2024
HSBC Global Research has upgraded Polycab India Ltd's target price to Rs 7,800, forecasting strong revenue growth while maintaining a Buy rating. The stock is currently trading at Rs 7,059.
Polycab India Appoints New Executive President - 03 Oct, 2024
Polycab India Limited has appointed Hetal Shah as Executive President and Head - EPC, effective October 3, 2024. With 28 years of experience in strategic planning and managing EPC projects, Shah previously worked at Ved Vipas Consulting LLP.
Polycab Stock Breaks Out, Hits All-Time High - 02 Oct, 2024
Polycab India shares surged over 13% in eight sessions, breaking out of a three-month consolidation. The stock reached a new high of ₹7,353, with brokerages setting target prices up to ₹8,550, citing strong growth potential in the cables and wires segment.
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.
POSITIVE IMPACTProfit Spike
Netprofit is up for the last 2 quarters, 395.95 Cr → 439.81 Cr (in ₹), with an average increase of 10.0% per quarter
- POSITIVE IMPACT
MF Holding Up
Mutual Funds have increased holdings from 5.26% to 7.68% in Sep 2024 quarter
- POSITIVE IMPACT
Revenue Rich
Revenue is up for the last 2 quarters, 4.75K Cr → 5.57K Cr (in ₹), with an average increase of 14.7% per quarter
NO EFFECTAgainst Peers
In the last 3 years, Blue Star Ltd has given 355.1% return, outperforming this stock by 134.5%
- NO EFFECT
Against Peers
In the last 1 year, Blue Star Ltd has given 129.0% return, outperforming this stock by 90.9%
NEGATIVE IMPACTPrice Dip
In the last 7 days, POLYCAB stock has moved down by -4.9%
- NEGATIVE IMPACT
Promoter Holding Down
Promoters have decreased holdings from 65.02% to 63.06% in Sep 2024 quarter
- NEGATIVE IMPACT
Retail Holding Down
Retail Investor have decreased holdings from 14.42% to 14.10% in Sep 2024 quarter
- NEGATIVE IMPACT
FII Holding Down
Foreign Institutions have decreased holdings from 13.62% to 13.48% in Sep 2024 quarter
Polycab India Ltd Infographics
Polycab Ltd Q1 FY2024-2025 Results: Key Insights
Polycab has announced its Q1FY25 earnings, highlighting key performance metrics for the quarter.
News
We Think You Should Be Aware Of Some Concerning Factors In Polycab India's (NSE:POLYCAB) Earnings
The market shrugged off Polycab India Limited's ( NSE:POLYCAB ) solid earnings report. We did some digging and believe...27 Jul, 2024 07:52 AMPolycab, RR Kabel, share price face the heat of copper price volatility in Q1
Stock market Today: Polycab India Ltd, R R Kabel Ltd, share price price may have gained 13-14% year to date , nevertheless have not impressed investors much with their Q1 performance. The shares are just up 1-2% in past one month as volatility in copper prices impact as was visible in Q131 Jul, 2024 04:40 PMNot found. Sign Up to RSS.app to use this feed.
Not found. Sign Up to RSS.app to use this feed. - create a new RSS feed at RSS.app. - (tEcejflhIvuNYxFa)10 Oct, 2024 05:52 PMPolycab India Ltd Financials
Index Inclusions
Polycab India Ltd Shareholding Pattern
| Investors | Holdings % | FY Quarter | 3M change |
|---|---|---|---|
| Promoter Holdings | 63.06% | ||
| Foreign Institutions | 13.48% | ||
| Mutual Funds | 7.68% | 45.88 | |
| Retail Investors | 14.1% | ||
| Others | 1.68% | 0.56 |
Polycab India Ltd Key Indicators
Polycab India Ltd Valuation
Polycab India Ltd in the last 5 years
Lowest (12.26x)
May 22, 2020
Today (59.60x)
October 18, 2024
Industry (65.17x)
October 18, 2024
Highest (62.69x)
October 15, 2024
Polycab India Ltd Earnings and Dividends
Polycab India Ltd Earnings Results
Polycab India Ltd’s net profit jumped 3.35% since last year same period to ₹439.81Cr in the Q2 2024-2025. On a quarterly growth basis, Polycab India Ltd has generated 11.08% jump in its net profits since last 3-months.
Read More about Earnings ResultsPolycab India Ltd Dividends May,2024
In the quarter ending March 2024, Polycab India Ltd has declared dividend of ₹30 - translating a dividend yield of 0.73%.
Read More about Dividends
Polycab India Ltd Technicals Summary
Bearish
Neutral
Bullish
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 ₹6849.75
Polycab India Ltd is listed on NSE
Polycab India Ltd is listed on BSE
- Today’s highest price of Polycab India Ltd is ₹7243.95.
- Today’s lowest price of Polycab India Ltd is ₹6795.75.
PE Ratio of Polycab India Ltd is 59.6
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 8.42L.
Today’s market capitalisation of Polycab India Ltd(POLYCAB) is ₹107085.66Cr.
| Polycab India Ltd(POLYCAB | Price |
|---|---|
52 Week High | ₹7605 |
52 Week Low | ₹3801 |
Polycab India Ltd(POLYCAB) share price is ₹6849.75. It is down -9.93% from its 52 Week High price of ₹7605
Polycab India Ltd(POLYCAB) share price is ₹6849.75. It is up 80.21% from its 52 Week Low price of ₹3801
| Polycab India Ltd(POLYCAB | Returns |
|---|---|
1 Day Returns | -270.65% |
1 Month Returns | 7.74% |
3 Month Returns | 13.22% |
1 Year Returns | 38.15% |