Polycab India Limited

BSE:542652 Stock Report

Market Cap: ₹916.8b

Polycab India Valuation

Is 542652 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 542652 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
₹886.81
Fair Value
587.1% overvalued intrinsic discount
29
Number of Analysts

Below Fair Value: 542652 (₹6093.6) is trading above our estimate of fair value (₹886.81)

Significantly Below Fair Value: 542652 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 542652?

Key metric: As 542652 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 542652. This is calculated by dividing 542652's market cap by their current earnings.
What is 542652's PE Ratio?
PE Ratio45.4x
Earnings₹20.20b
Market Cap₹916.78b

Price to Earnings Ratio vs Peers

How does 542652's PE Ratio compare to its peers?

The above table shows the PE ratio for 542652 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average60.7x
CGPOWER CG Power and Industrial Solutions
109.3x19.80%₹1.1t
HAVELLS Havells India
67.2x16.05%₹989.4b
517569 KEI Industries
47.5x12.72%₹330.9b
500008 Amara Raja Energy & Mobility
18.7x8.31%₹189.6b
542652 Polycab India
45.4x14.48%₹916.8b

Price-To-Earnings vs Peers: 542652 is good value based on its Price-To-Earnings Ratio (45.4x) compared to the peer average (60.7x).

Price to Earnings Ratio vs Industry

How does 542652's PE Ratio compare vs other companies in the IN Electrical Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
504058 Indo National
3.1xn/aUS$45.08m
533203 Tarapur Transformers
3.6xn/aUS$6.60m
No more companies available in this PE range
542652 45.4xIndustry Avg. 37.3xNo. of Companies14PE020406080100+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 542652 is expensive based on its Price-To-Earnings Ratio (45.4x) compared to the Indian Electrical industry average (37.3x).

Price to Earnings Ratio vs Fair Ratio

What is 542652's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

542652 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio45.4x
Fair PE Ratio36.2x

Price-To-Earnings vs Fair Ratio: 542652 is expensive based on its Price-To-Earnings Ratio (45.4x) compared to the estimated Fair Price-To-Earnings Ratio (36.2x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 542652 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₹6,093.60
₹6,772.00
+11.13%
13.37%₹7,700.00₹3,880.00n/a29
May ’26₹5,523.15
₹6,759.81
+22.39%
16.41%₹8,326.00₹3,780.00n/a27
Apr ’26₹5,100.30
₹6,902.18
+35.33%
17.23%₹8,900.00₹3,825.00n/a28
Mar ’26₹4,710.65
₹7,076.45
+50.22%
16.27%₹8,900.00₹3,825.00n/a29
Feb ’26₹5,847.65
₹7,419.79
+26.88%
14.40%₹9,000.00₹4,750.00n/a28
Jan ’26₹7,342.25
₹7,457.07
+1.56%
14.46%₹9,000.00₹4,750.00n/a28
Dec ’25₹7,297.45
₹7,457.07
+2.19%
14.46%₹9,000.00₹4,750.00n/a28
Nov ’25₹6,503.90
₹7,441.31
+14.41%
14.29%₹9,000.00₹4,750.00n/a29
Oct ’25₹7,321.45
₹7,005.62
-4.31%
13.40%₹8,550.00₹4,500.00n/a29
Sep ’25₹6,814.40
₹6,977.36
+2.39%
12.20%₹8,550.00₹4,500.00n/a28
Aug ’25₹6,771.70
₹6,915.78
+2.13%
11.73%₹8,200.00₹4,500.00n/a27
Jul ’25₹6,737.85
₹6,796.69
+0.87%
14.60%₹8,420.00₹4,260.00n/a26
Jun ’25₹6,746.40
₹6,625.77
-1.79%
15.13%₹7,850.00₹4,040.00n/a26
May ’25₹5,666.60
₹5,398.19
-4.74%
15.67%₹7,500.00₹3,925.00₹5,523.1526
Apr ’25₹5,131.35
₹5,204.28
+1.42%
13.41%₹6,430.00₹3,925.00₹5,100.3025
Mar ’25₹4,803.05
₹5,177.80
+7.80%
14.12%₹6,430.00₹3,925.00₹4,710.6525
Feb ’25₹4,265.95
₹5,127.37
+20.19%
14.82%₹6,430.00₹3,925.00₹5,847.6527
Jan ’25₹5,464.85
₹5,459.74
-0.093%
14.59%₹6,430.00₹3,705.00₹7,342.2527
Dec ’24₹5,232.90
₹5,399.75
+3.19%
15.60%₹6,430.00₹3,705.00₹7,297.4528
Nov ’24₹4,898.90
₹5,392.19
+10.07%
15.68%₹6,430.00₹3,705.00₹6,503.9027
Oct ’24₹5,338.25
₹4,733.96
-11.32%
14.22%₹6,276.00₹3,570.00₹7,321.4528
Sep ’24₹5,196.90
₹4,714.11
-9.29%
11.42%₹5,550.00₹3,780.00₹6,814.4027
Aug ’24₹4,629.85
₹4,570.14
-1.29%
15.40%₹5,540.00₹2,000.00₹6,771.7028
Jul ’24₹3,552.15
₹3,494.71
-1.62%
15.47%₹4,300.00₹2,000.00₹6,737.8524
Jun ’24₹3,483.75
₹3,446.60
-1.07%
15.10%₹4,290.00₹2,000.00₹6,746.4025
May ’24₹3,205.35
₹3,080.68
-3.89%
11.68%₹3,630.00₹2,000.00₹5,666.6025
AnalystConsensusTarget
Consensus Narrative from 29 Analysts
₹6.77k
Fair Value
10.0% undervalued intrinsic discount
29
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/05/18 06:48
End of Day Share Price 2025/05/16 00:00
Earnings2025/03/31
Annual Earnings2025/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Polycab India Limited is covered by 39 analysts. 28 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Dhruv JainAmbit Capital
Manish ValechaAnand Rathi Shares and Stock Brokers Limited
Prasheel GandhiAnand Rathi Shares and Stock Brokers Limited