Analysts have slightly raised their price target for Polycab India from ₹8,177 to ₹8,210, citing minor improvements in projected profit margins and revenue growth forecasts.
What's in the News
- Promoters are expected to offload up to 0.81% stake in Polycab India via block deals at a floor price of INR 7,300 per share. This would amount to approximately INR 8,876 million (CNBC-TV18, NDTV Profit).
- The Board has approved the appointment of Mr. Niyant Maru as Chief Financial Officer, effective October 28, 2025, following the resignation of CFO Mr. Gandharv Tongia.
- Mr. Niyant Maru, who has 35 years of cross-industry experience and has held leadership roles at Air India and Tata SIA Airlines, joins as CFO and Whole-Time Key Managerial Personnel under section 203 of the Companies Act 2013.
- A recent Board meeting reviewed and approved unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2025.
Valuation Changes
- Consensus Analyst Price Target has risen slightly, increasing from ₹8,177 to ₹8,210.
- Discount Rate has decreased marginally, moving from 16.19% to 16.07%.
- Revenue Growth forecast is nearly unchanged, moving from 14.27% to 14.27%.
- Net Profit Margin is expected to improve fractionally, rising from 9.23% to 9.23%.
- Future P/E ratio is essentially steady, shifting from 56.82x to 56.85x.
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