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63% Buy

Polycab India Share Price

POLYCAB

₹6,684.15+₹42.00 (0.63%) TodayLast updated on 24 May, 2024 | 03:50 PM IST
₹6,635.05₹6,741.45
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Company overview

Financial performance

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Market cap

Market Cap Switch₹1,00,431 Crs

Open

₹6,647.85

Close

₹6,642.15

Circuit range

₹7,306.35 - ₹5,977.95

Day range

₹6,635.05 - ₹6,741.45

Year range

₹3,360.20 - ₹6,843.95

Volume

2,39,053

Avg. traded

₹6,698.89

Revenue (12m)

₹18,039 Crs

Polycab India

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

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52 week high

₹6,843.95

52 week low

₹3,360.20

P/E ratio

56.41

P/B ratio

11.79

ROE

21.08%

ROCE

28.4%

Dividend yield

0.47%

Debt/Equity ratio

0.01

EPS

84.91

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Investment checklist: (5/6)

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Equity returns

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Safety factor

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Growth factor

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Debt vs Equity

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Profit factor

The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily

Analyst ratings:

Buy

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Buy

63%

Hold

20%

Sell

17%

This analysis is based on the reviews of 24 experts in the last 7 days

Fundamentals

Financial ratios

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  • Profitability

  • Operational

  • Valuation

Operating profit margin

14%

Net profit margin

9.14%

ROE

21.08%

ROA

15.37%

ROCE

28.4%

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Polycab India Shareholder returns

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1 day

+0.63%

1 week

+2.98%

1 month

+19.49%

3 months

+39.20%

1 year

+96.45%

3 years

+298.38%

5 years

+1004.54%

Revenue statement

All values are in ₹ Crores (Cr)
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Cash flow

All values are in ₹ Crores (Cr)
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Balance sheet

All values are in ₹ Crores (Cr)
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Polycab India Share Price history

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DayOpenCloseDay’s change
Fri, May 24 2024
₹6,647.85
₹6,684.15
+0.63%
Thu, May 23 2024
₹6,602.40
₹6,642.15
+1.22%
Wed, May 22 2024
₹6,778.00
₹6,561.80
-1.97%
Tue, May 21 2024
₹6,500.50
₹6,693.55
+3.04%
Sat, May 18 2024
₹6,538.00
₹6,496.25
+0.08%
Fri, May 17 2024
₹6,510.95
₹6,490.95
+0.32%
Thu, May 16 2024
₹6,482.15
₹6,470.30
+0.05%
Wed, May 15 2024
₹6,397.85
₹6,466.90
+2.27%

Shareholding info

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Promoters (65.24%)

Mutual Funds (5.45%)

Retail and other (15.58%)

Foreign institutions-FII (11.95%)

Other domestic institutions (1.78%)

Promoters

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Events

Corporate actions

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  • Dividend • ₹20/share

    Ex date 21 Jun 2023

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  • Dividend • ₹14/share

    Ex date 21 Jun 2022

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  • Dividend • ₹30/share

    Ex date

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Frequently asked questions