Polycab India Ltd’s fundamental analysis highlights key financial metrics: Market Cap of ₹99,508.23 crore, PE Ratio of 54.7, Debt to Equity of 1.95, and Return on Equity of 23.92%. These indicators reflect the company’s financial health and market valuation.
Content:
- Polycab India Ltd Overview
- Polycab India Ltd Financial Results
- Polycab India Ltd Financial Analysis
- Polycab India Limited Company Metrics
- Polycab India Ltd Stock Performance
- Polycab India Peer Comparison
- Polycab India Shareholding Pattern
- Polycab India Ltd History
- How To Invest In Polycab India Share?
- Polycab India Fundamental Analysis – FAQs
Polycab India Ltd Overview
Polycab India Ltd is an Indian company primarily engaged in the manufacturing of wires and cables. It operates in the electrical goods sector, with segments including wires and cables, fast-moving electrical goods (FMEG), and engineering, procurement, and construction (EPC) projects.
The company is listed on both the NSE and BSE. With a market capitalization of ₹99,508.23 crore, it’s currently 10.80% away from its 52-week high and 74.08% away from its 52-week low.
Polycab India Ltd Financial Results
Polycab India Ltd reported significant growth with ₹18,039 crores in sales for FY 24, up from ₹14,108 crores in FY 23. Operating profit margins improved to 13.65%, and net profit rose to ₹1,803 crores, reflecting its strong financial position and operational efficiency.
1. Revenue Trend: Revenue increased from ₹14,108 crores in FY 23 to ₹18,039 crores in FY 24, reflecting a growth of 27.86%.
2. Equity and Liabilities: Equity capital remained at ₹150 crores, and reserves grew to ₹7,967 crores from ₹6,450 crores in FY 23.
3. Profitability: Operating profit grew to ₹2,492 crores from ₹1,852 crores in FY 23, showing a solid operational performance.
4. Earnings per Share (EPS): EPS increased from ₹84.80 in FY 23 to ₹118.75 in FY 24, indicating improved earnings for shareholders.
5. Return on Net Worth (RoNW): RoNW improved significantly as reserves grew from ₹6,450 crores in FY 23 to ₹7,967 crores in FY 24, reflecting efficient capital utilization.
6. Financial Position: Total assets increased from ₹9,425 crores in FY 23 to ₹12,079 crores in FY 24, showcasing stronger asset growth.
Polycab India Ltd Financial Analysis
| FY 24 | FY 23 | FY 22 | |
| Sales | 18,039 | 14,108 | 12,204 |
| Expenses | 15,548 | 12,256 | 10,939 |
| Operating Profit | 2,492 | 1,852 | 1,265 |
| OPM % | 13.65 | 13.01 | 10.29 |
| Other Income | 221 | 133 | 90 |
| EBITDA | 2,713 | 1,985 | 1,355 |
| Interest | 108 | 60 | 35 |
| Depreciation | 245 | 209 | 202 |
| Profit Before Tax | 2,359 | 1,717 | 1,118 |
| Tax % | 24 | 25 | 24 |
| Net Profit | 1,803 | 1,282 | 917 |
| EPS | 118.75 | 84.8 | 60.8 |
| Dividend Payout % | 25.26 | 23.58 | 23.03 |
* Consolidated Figures in Rs. Crores
Polycab India Limited Company Metrics
Polycab India Ltd’s company metrics include a market capitalization of ₹99,508.23 crore, a book value per share of ₹545, and a face value of ₹10. With a debt-to-equity ratio of 1.95, a return on equity of 23.92%, and a 0.45% dividend yield, these figures underscore the company’s financial position and investment profile.
Market Capitalization:
Market Capitalization represents the total market value of Polycab India’s outstanding shares, amounting to ₹99,508.23 crore.
Book Value:
The book value per share of Polycab India is ₹545, indicating the value of the company’s net assets divided by its shares outstanding.
Face Value:
The face value of Polycab India’s shares is ₹10, which is the original cost of the shares as stated on the certificate.
Asset Turnover Ratio:
The asset turnover ratio of 1.70 measures how efficiently Polycab India uses its assets to generate revenue.
Total Debt:
The total debt of ₹161.09 crore represents the sum of all short-term and long-term debt obligations of Polycab India.
Return on Equity (ROE):
The ROE of 23.92% measures Polycab India’s profitability in generating income from its equity investments.
EBITDA (Q):
The quarterly EBITDA of ₹641.80 crore represents Polycab India’s earnings before interest, taxes, depreciation, and amortization.
Dividend Yield:
The dividend yield of 0.45% shows the annual dividend payment as a percentage of Polycab India’s current share price, indicating the return on investment from dividends alone.
Polycab India Ltd Stock Performance
Polycab India Ltd has shown strong returns over different periods. Over 1 year, it delivered a return of 22.5%, with 37.7% over 3 years, and an impressive 58.8% over 5 years. This indicates consistent growth and strong potential for long-term investors.
| Period | Return on Investment (%) |
| 1 Year | 22.5 |
| 3 Years | 37.7 |
| 5 Years | 58.8 |
Example: If an investor had invested ₹1,000 in Polycab India Ltd stock:
1 year ago, their investment would be worth ₹1,225.
3 years ago, their investment would have grown to ₹1,377.
5 years ago, their investment would have increased to ₹1,588.
Polycab India Peer Comparison
Polycab India Ltd, with a market cap of ₹97,389.34 crores, leads the sector with a P/E ratio of 54.7 and an ROE of 23.17%. Its 1-year return of 22.47% outperforms several peers, while KEI Industries posted a higher return of 69.17%, and R R Kabel achieved 39.92%.
| Name | CMP Rs. | Mar Cap Rs.Cr. | P/E | ROE % | EPS 12M Rs. | 1Yr return % | ROCE % | Div Yld % |
| Polycab India | 6475.85 | 97389.34 | 54.7 | 23.17 | 118.54 | 22.47 | 31.33 | 0.46 |
| KEI Industries | 4394.8 | 39659.31 | 65.02 | 20.25 | 67.59 | 69.17 | 27.21 | 0.08 |
| Finolex Cables | 1398.55 | 21389.33 | 29.09 | 13.99 | 48.07 | 28.21 | 18.52 | 0.57 |
| R R Kabel | 1676.3 | 18951.68 | 65.98 | 20.75 | 25.46 | 39.92 | 21.71 | 0.36 |
| Diamond Power | 1300.15 | 6851.41 | 395.35 | 0 | 3.23 | 5217.59 | 0 | 0 |
| Paramount Comm. | 91.08 | 2763.68 | 28.7 | 19.38 | 3.41 | 33.45 | 15.29 | 0 |
| Universal Cables | 671.7 | 2330.49 | 25.96 | 6.59 | 25.87 | 41.23 | 10 | 0.45 |
Polycab India Shareholding Pattern
Polycab India Ltd reported promoter holdings of 65.02% in June 2024, slightly lower than the previous quarter’s 65.24%. FII holdings increased to 13.63% from 11.96% in March 2024. DII holdings were 6.93%, while retail and others accounted for 14.42%, down from 15.58%.
| All values in % | Jun-24 | Mar-24 | Dec-23 |
| Promoters | 65.02 | 65.24 | 65.79 |
| FII | 13.63 | 11.96 | 13.41 |
| DII | 6.93 | 7.23 | 7.61 |
| Retail & others | 14.42 | 15.58 | 13.18 |
Polycab India Ltd History
Polycab India Limited is a leading manufacturer of wires and cables in India. The company operates through three main segments: Wires and Cables, Fast-Moving Electrical Goods (FMEG), and Others. Its core business revolves around the manufacturing and selling of a wide range of wires and cables for various applications.
In the FMEG segment, Polycab has diversified its product portfolio to include fans, LED lighting and luminaires, switches, switchgear, solar products, pumps, conduits, and domestic appliances. This expansion into consumer electrical goods has positioned the company as a comprehensive electrical solutions provider.
Polycab India also engages in engineering, procurement, and construction (EPC) projects, which fall under its ‘Others’ segment. The company owns approximately 25 manufacturing facilities strategically located across Gujarat, Maharashtra, Uttarakhand, and the union territory of Daman, enabling efficient production and distribution across India.
How To Invest In Polycab India Share?
To invest in Polycab India shares, open a demat account with Alice Blue. Research the company’s fundamentals, financial performance, and position in the electrical goods sector. Analyze historical stock data and compare it with industry peers.
Determine your investment strategy based on your financial goals and risk tolerance. Consider factors such as the company’s market share, product diversification, and growth in the FMEG segment. Decide on the investment amount and timing.
Place your order through the broker’s platform. Regularly monitor your investment, staying updated on company news, quarterly results, and electrical industry trends. Consider seeking advice from a financial advisor for personalized guidance and to ensure your investment aligns with your overall portfolio strategy.
Polycab India Fundamental Analysis – FAQs
Polycab India Ltd’s fundamental analysis reveals a Market Cap of ₹99,508.23 crore, PE Ratio of 54.7, Debt to Equity of 1.95, and Return on Equity of 23.92%. These metrics provide insights into the company’s financial health, profitability, and market valuation.
Polycab India’s market capitalization is ₹99,508.23 crore. This figure represents the total value of the company’s outstanding shares in the stock market, calculated by multiplying the current stock price by the number of outstanding shares.
Polycab India Limited is a leading Indian manufacturer of wires and cables. The company also produces fast-moving electrical goods (FMEG) and engages in engineering, procurement, and construction (EPC) projects, offering a wide range of electrical products and solutions.
Polycab India is owned by its shareholders, with the Jaisinghani family holding a significant stake as promoters. As a publicly listed company, ownership is distributed among various institutional and individual investors through stock market participation.
The main shareholders of Polycab India Ltd include the Jaisinghani family as promoters, along with institutional investors and public shareholders. For the most current and accurate information on major shareholders, refer to the company’s latest shareholding pattern disclosure.
Polycab India operates in the electrical goods industry. The company primarily manufactures wires and cables and has expanded into fast-moving electrical goods (FMEG) including fans, lighting, switches, and domestic appliances, as well as engaging in EPC projects.
To invest in Polycab India shares, open a demat account with Alice Blue. Research the company’s performance and electrical goods sector trends. Decide on your investment strategy. Place your order through the broker’s platform. Regularly monitor your investment, staying informed about market conditions. Consider seeking financial advice for personalized guidance.
Determining if Polycab India is overvalued or undervalued requires analyzing its financials, growth prospects, industry position, and peer comparison. Consider factors like PE ratio, future earnings potential, and electrical goods sector trends. Consult recent analyst reports for expert opinions on the company’s valuation.
We hope you’re clear on the topic, but there’s more to explore in stocks, commodities, mutual funds, and related areas. Here are important topics to learn about.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.
