Polycab India Share Price
POLYCAB
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Company overview
Financial performance
Market cap
| Open₹7,187.00 | Close₹7,184.95 |
Circuit range₹7,784.55 - ₹6,369.25 | Day range₹6,980.10 - ₹7,245.50 | Year range₹3,801.00 - ₹7,430.00 |
Volume4,38,613 | Avg. traded₹7,093.37 | Revenue (12m)₹18,848 Crs |
Polycab India Ltd is the country’s largest integrated manufacturer of wires and cables, and a prominent player in the fast-moving electrical goods (FMEG) industry.
The company’s 25 manufacturing facilities span five strategic locations in India -- Gujarat, Maharashtra, Uttarakhand, Tamil Nadu and the Union Territory of Daman. The company has also built a network of over 4,300 authorised distributors that have established presence through more than 2 lakh retail outlets across the country.
Polycab’s journey began in 1964 when Thakurdas Jaisinghani established Sind Electric Stores that dealt in various electrical products. The family business was managed from 1968 by his sons Girdhari, Inder, Ajay and Ramesh.
In 1975, the family founded a partnership firm in the name of Thakur Industries. In 1983, a firm named Polycab Industries was founded by Jaisinghani brothers and was registered as a small-scale industrial unit. They had a factory at Halol, Gujarat, for manufacturing PVC insulated wires, cables copper and aluminium and bare copper wires.
In 1996, it was incorporated as Polycab Wires Pvt. Ltd at Mumbai as a private limited company. In 2018, the company was converted into a public limited company and the word private was struck off from its name.
In 2019, Polycab India Ltd listed on NSE and BSE after a successful ₹1,345 crore initial public offering (IPO) being subscribed 52 times. Polycab share price has surged over 428% in the last three years. The company's market capitalisation stood at over ₹82,500 crore as of December 20, 2023.
Business segments
Polycab India operates in two major segments -- wires and cables (which contributed 89% to external sales in FY23) and fast moving electrical goods (contributed 9% to FY23 sales). Besides that, the company operates some other international businesses in the same space.
Wires and Cables (W&C):
Polycab is India’s dominant manufacturer and seller of a varied range of wires and cables for retail and industrial use, catering to a diverse customer base across a wide range of industries.
FMEG:
The company’s FMEG business, which began in 2013-14, is a high-growth segment. It features a growing product mix across different price points that caters to the complete spectrum of customers. The company is present in segments such as fans, lighting luminaires, switches, switchgears, water heaters, pipes and agro pumps.
International Business:
Polycab’s international business delivers superior electrical products and solutions, tailored to meet the ever-changing demands of its customers.
Financial highlights
Polycab achieved double-digit growth in both revenue and profitability in 2022-23. The strong performance was primarily driven by robust volume growth in its wires and cables business. In FY23, the company achieved a 16% increase in revenue to ₹14,107.8 crore. The company’s PAT increased 27% to reach ₹1,282.3 crore during the year. PAT margin rose by around 220 bps to reach 9.1% in FY23. Favourable business mix translated into an EBITDA margin of 13% for FY23. Polycab declared a dividend of ₹20 per share in FY23, representing a payout ratio of 23.5%.
Polycab India Key indicators
52 week high₹7,430.00 | 52 week low₹3,801.00 | P/E ratio60.8 |
P/B ratio12.68 | ROE24.16% | ROCE32.8% |
Dividend yield0.42% | Debt/Equity ratio | EPS117.79 |
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Analyst ratings:
Analyst ratings:
67%
Hold
18%
Sell
15%
This analysis is based on the reviews of 27 experts in the last 7 days
Fundamentals
Financial ratios
Operating profit margin14.72% | Net profit margin9.8% |
ROE24.16% | ROA16.87% |
ROCE32.8% |
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Polycab India Share Price history
Day | Open | Close | Day’s change |
---|---|---|---|
Mon, Oct 7 2024 | ₹7,187.00 | ₹7,076.90 | -1.50% |
Fri, Oct 4 2024 | ₹7,329.00 | ₹7,184.95 | -2.01% |
Thu, Oct 3 2024 | ₹7,202.30 | ₹7,332.20 | |
Tue, Oct 1 2024 | ₹6,987.95 | ₹7,326.55 | |
Mon, Sep 30 2024 | ₹7,065.00 | ₹6,955.20 | -1.41% |
Fri, Sep 27 2024 | ₹6,753.70 | ₹7,054.80 | |
Thu, Sep 26 2024 | ₹6,700.00 | ₹6,747.40 | |
Wed, Sep 25 2024 | ₹6,659.90 | ₹6,685.95 |
Events
Corporate actions
Dividend • ₹30/share
Ex date 09 Jul 2024
Dividend • ₹20/share
Ex date 21 Jun 2023
Dividend • ₹14/share
Ex date 21 Jun 2022
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Polycab India Futures & Options
Expiry dates | Current price | Change % |
---|---|---|
POLYCAB 7200 CE 31 OCT 24 | ₹192.40 | -₹75.45 (-28.17%) |
POLYCAB 7000 PE 31 OCT 24 | ₹199.55 | |
POLYCAB 7200 PE 31 OCT 24 | ₹305.95 | |
POLYCAB 7500 CE 31 OCT 24 | ₹95.75 | -₹47.60 (-33.21%) |