Analyst Rating
based on 28 analysts
64.29%
Buy
21.43%
Hold
14.29%
Sell
Based on 28 analysts offering long term price targets for Polycab India Ltd. An average target of ₹7000.21
Source: S&P Global Market Intelligence
Polycab India Ltd Share analysis
Polycab India Ltd price forecast by 28 analysts
Upside of4.62%
High
₹8550
Target
₹7000.21
Low
₹4500
Polycab India Ltd target price ₹7000.21, a slight upside of 4.62% compared to current price of ₹6667.2. According to 28 analysts rating.
Excluding Excise Duty and Other Income, represents Net Revenue
Polycab India Ltd revenue growth forecast
Expected growth rate Q1, FY2026:39.52%
Forecast
Actual
Including amortisation and stock based compensations
Polycab India Ltd EPS growth forecast
EPS estimate Q1, FY2026:36.56%
Forecast
Actual
Source: S&P Global Market Intelligence
Performance
Day's Low
Day's High
₹6,648₹6,729.9552 Week's Low
52 Week's High
₹3,801₹7,331.45
| Returns % | |
| 1 Month Return | + 1.13 % |
| 3 Month Return | -5.89 % |
| 1 Year Return | + 30.3 % |
| Market Stats | |
| Previous Close | ₹6,691.40 |
| Open | ₹6,700.00 |
| Volume | 2.82L |
| Upper Circuit | - |
| Lower Circuit | - |
| Market Cap | ₹1,00,630.96Cr |
Key Statistics
| P/E Ratio | 56.42 |
| PEG Ratio | 2.59 |
| Market Cap | ₹1,00,630.96 Cr |
| P/B Ratio | 9.35 |
| EPS | 120.01 |
| Dividend Yield | 0.59 |
| Sector | Cables |
| ROE | 24 |
Peer Comparison
Company | Analyst View | Market Cap | 5 Year CAGR | Debt to Asset Ratio | Net Profit | Yearly Revenue |
|---|---|---|---|---|---|---|
| BUY | ₹1,00,630.96 Cr | 191.37% | 0.51 | ₹1,802 Cr | ₹18,039 Cr | |
| HOLD | ₹40,802.52 Cr | 32.45% | 0.53 | ₹1,136 Cr | ₹4,853 Cr | |
| HOLD | ₹1,06,609.73 Cr | 115.96% | 0.52 | ₹1,720 Cr | ₹9,000 Cr | |
| ₹92,222.45 Cr | 88.88% | 0.71 | ₹282 Cr | ₹23,892 Cr | ||
| HOLD | ₹1,66,849.24 Cr | 112.4% | 0.51 | NA | NA |
Company Information
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: ₹6667.20 per share as on 18 Sep, 2024 04:01 PM
Market Capitalisation: ₹1,00,630.96Cr 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
| Organisation | Polycab India Ltd |
| Headquarters | Mumbai |
| Industry | Cables |
| E-voting on shares | Click here to vote |
Key events for Polycab India Ltd
Nuvama Research Upgrades Polycab Target Price - 06 Sep, 2024
Nuvama Research maintains a 'Buy' rating on Polycab, raising the target price to ₹8,340. Despite Q1 FY25 challenges, management remains confident in long-term growth and maintaining EBITDA margins between 12-14%. Revenue, EBITDA, and PAT are expected to grow at a CAGR of 17%, 19%, and 17% from FY24 to FY27.
Polycab India Reports Mixed Q1FY25 Results - 31 Aug, 2024
Polycab India's shares rose 1.6% to Rs. 6,859.95, with Q1FY25 revenue up 20.8% YoY to Rs. 4,698 crores. However, net profit slightly declined by 0.2%. The stock has gained nearly 35% over the past year but is considered overvalued due to high P/E and PEG ratios.
UBS Initiates Buy Rating on Polycab India - 22 Aug, 2024
UBS has initiated coverage on Polycab India Ltd with a Buy rating, projecting a 24% earnings CAGR from FY24-27. The target price of ₹12,135 suggests a potential upside of 78% from current levels, highlighting underappreciated growth in exports and potential M&A opportunities.
Polycab India Stock Soars After UBS Buy Rating - 20 Aug, 2024
Polycab India shares rose significantly after UBS initiated coverage with a buy recommendation, setting a target price of ₹8,550, highlighting strong growth potential in electrification.
Polycab India Reports Revenue Growth Amid Profit Decline - 15 Aug, 2024
Polycab India Ltd reported a 20.8% YoY revenue growth to Rs. 4,698 crores in Q1FY25, while net profit slightly decreased by 0.3% to Rs. 402 crores. The company plans to increase capital expenditure by at least 30%, targeting Rs. 1,100 crores for various projects, including a new Rs. 700 crore EHV plant expected to start generating revenue by FY27.
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 IMPACTFII Holding Up
Foreign Institutions have increased holdings from 11.94% to 13.62% in Jun 2024 quarter
NO EFFECTAgainst Peers
In the last 1 year, Voltas Ltd has given 115.8% return, outperforming this stock by 85.5%
- NO EFFECT
Against Peers
In the last 3 years, Apar Industries Ltd has given 1480.2% return, outperforming this stock by 1310.6%
NEGATIVE IMPACTProfit Down
Netprofit is down for the last 2 quarters, 546.0 Cr → 395.95 Cr (in ₹), with an average decrease of 27.5% per quarter
- NEGATIVE IMPACT
MF Holding Down
Mutual Funds have decreased holdings from 5.45% to 5.26% in Jun 2024 quarter
- NEGATIVE IMPACT
Retail Holding Down
Retail Investor have decreased holdings from 15.58% to 14.42% in Jun 2024 quarter
- NEGATIVE IMPACT
Promoter Holding Down
Promoters have decreased holdings from 65.24% to 65.02% in Jun 2024 quarter
- NEGATIVE IMPACT
Revenue Fall
Revenue is down for the last 2 quarters, 5.64K Cr → 4.75K Cr (in ₹), with an average decrease of 15.8% per quarter
- NEGATIVE IMPACT
Price Dip
In the last 7 days, POLYCAB stock has moved down by -1.8%
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
Buy Polycab India; target of Rs 7,750: Anand Rathi
Anand Rathi is bullish on Polycab India has recommended buy rating on the stock with a target price of Rs 7,750 in its research report dated July 21, 2024.26 Jul, 2024 12:43 PMWe 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 PMCompany Financials
Index Inclusions
Shareholding Pattern
| Investors | Holdings % | FY Quarter | 3M change |
|---|---|---|---|
| Promoter Holdings | 65.02% | ||
| Foreign Institutions | 13.62% | 14.07 | |
| Mutual Funds | 5.26% | ||
| Retail Investors | 14.42% | ||
| Others | 1.67% |
Key Indicators
Polycab India Ltd Valuation
Polycab India Ltd in the last 5 years
Lowest (12.26x)
May 22, 2020
Today (56.42x)
September 17, 2024
Industry (65.38x)
September 17, 2024
Highest (61.05x)
June 24, 2024
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 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 0.75%.
Read More about Dividends
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 ₹6667.2
Polycab India Ltd is listed on NSE
Polycab India Ltd is listed on BSE
- Today’s highest price of Polycab India Ltd is ₹6729.95.
- Today’s lowest price of Polycab India Ltd is ₹6648.
PE Ratio of Polycab India Ltd is 56.42
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 2.82L.
Today’s market capitalisation of Polycab India Ltd(POLYCAB) is ₹100630.96Cr.
| Polycab India Ltd(POLYCAB | Price |
|---|---|
52 Week High | ₹7331.45 |
52 Week Low | ₹3801 |
Polycab India Ltd(POLYCAB) share price is ₹6667.2. It is down -9.06% from its 52 Week High price of ₹7331.45
Polycab India Ltd(POLYCAB) share price is ₹6667.2. It is up 75.41% from its 52 Week Low price of ₹3801
| Polycab India Ltd(POLYCAB | Returns |
|---|---|
1 Day Returns | -24.2% |
1 Month Returns | 1.13% |
3 Month Returns | -5.89% |
1 Year Returns | 30.3% |