Polycab India
Market Cap
₹89.4b
Last Updated
2019/06/26 02:00 UTC
Data Sources
Company Financials +
Executive Summary
Polycab India Limited manufactures and sells wires and cables, and fast moving electrical goods in India and internationally.
Snowflake
Fundamentals
Flawless balance sheet with solid track record.
Similar Companies
Share Price & News
How has Polycab India's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
2.7%
NSEI:POLYCAB
1.4%
IN Electrical
1.0%
IN Market
1 Year Return
n/a
NSEI:POLYCAB
-0.2%
IN Electrical
1.0%
IN Market
No trading data on POLYCAB.
No trading data on POLYCAB.
Share holder returns
| POLYCAB | Industry | Market | |
|---|---|---|---|
| 7 Day | 2.7% | 1.4% | 1.0% |
| 30 Day | -3.0% | -2.3% | -2.1% |
| 90 Day | n/a | -1.3% | -0.7% |
| 1 Year | n/a | 1.8%-0.2% | 2.9%1.0% |
| 3 Year | n/a | 28.4%25.6% | 37.5%30.4% |
| 5 Year | n/a | 18.1%13.2% | 49.0%35.1% |
Price Volatility Vs. Market
How volatile is Polycab India's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Valuation
Is Polycab India undervalued based on future cash flows and its price relative to the stock market?
16.99x
Price to Earnings (PE) ratio
Intrinsic Value Based on Future Cash Flows
Polycab India's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).
Polycab India's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).
Price Based on Earnings
Polycab India is overvalued based on earnings compared to the IN Electrical industry average.
Polycab India is overvalued based on earnings compared to the India market.
Price Based on Expected Growth
Polycab India is poor value based on expected growth next year.
Price Based on Value of Assets
Polycab India is overvalued based on assets compared to the IN Electrical industry average.
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Future Growth
How is Polycab India expected to perform in the next 1 to 3 years based on estimates from 3 analysts?
14.0%
Forecasted annual earnings growth
Earnings and Revenue Growth Estimates
Future Annual Growth Analysis
Polycab India's revenue is expected to grow by 13.6% yearly, however this is not considered high growth (20% yearly).
Polycab India's earnings are expected to grow by 14% yearly, however this is not considered high growth (20% yearly).
Polycab India's revenue growth is expected to exceed the India market average.
Polycab India's earnings growth is positive but not above the India market average.
Polycab India's earnings growth is expected to exceed the low risk savings rate of 7.6%.
Earnings per Share Growth Estimates
Future Return on Equity
Polycab India is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
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Past Performance
How has Polycab India performed over the past 5 years?
29.4%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Polycab India has delivered over 20% year on year earnings growth in the past 5 years.
Polycab India's 1-year earnings growth exceeds its 5-year average (39.6% vs 29.4%)
Polycab India's earnings growth has exceeded the IN Electrical industry average in the past year (39.6% vs 18.9%).
Return on Equity
Polycab India has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
Return on Assets
Polycab India used its assets more efficiently than the IN Electrical industry average last year based on Return on Assets.
Return on Capital Employed
Polycab India has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
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Financial Health
How is Polycab India's financial position?
Financial Position Analysis
Polycab India is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
Polycab India's cash and other short term assets cover its long term commitments.
Debt to Equity History and Analysis
Polycab India's level of debt (9.5%) compared to net worth is satisfactory (less than 40%).
The level of debt compared to net worth has been reduced over the past 5 years (30.9% vs 9.5% today).
Debt is well covered by operating cash flow (451.5%, greater than 20% of total debt).
Interest payments on debt are well covered by earnings (EBIT is 18.2x coverage).
Balance Sheet
High level of physical assets or inventory.
Debt is covered by short term assets, assets are 14.4x debt.
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Dividend
What is Polycab India's current dividend yield, its reliability and sustainability?
0.56%
Expected Dividend Yield
Dividend Yield and Payments Analysis
Polycab India's pays a lower dividend yield than the bottom 25% of dividend payers in India (0.54%).
Polycab India's dividend is below the markets top 25% of dividend payers in India (2.12%).
It is too early to tell whether Polycab India has stable dividend payments.
Polycab India only just started paying a dividend, it is too early to tell if payments are increasing.
Current Payout to Shareholders
Dividends paid are thoroughly covered by earnings (11.8x coverage).
Future Payout to Shareholders
Dividends after 3 years are expected to be thoroughly covered by earnings (12.5x coverage).
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Management
What is the CEO of Polycab India's salary, the management and board of directors tenure and is there insider trading?
4.8yrs
Average management tenure
CEO
Inder Jaisinghani (64yo)
4.8yrs
Tenure
Mr. Inder T. Jaisinghani is the Chairman and Managing Director of Polycab India Limited. He has been working with Polycab India Limited since its inception. He has completed his education up to secondary s ...
Management Age and Tenure
4.8yrs
Average Tenure
62.5yo
Average Age
The tenure for the Polycab India management team is about average.
Board Age and Tenure
1.6yrs
Average Tenure
64yo
Average Age
The average tenure for the Polycab India board of directors is less than 3 years, this suggests a new board.
Insider Trading
No 3 month individual insider trading information.
Ownership Breakdown
Management Team
Shashank Pore (48yo)
Chief Marketing Officer
Ajay Jaisinghani (66yo)
Whole-Time Director
- Tenure: 4.8yrs
Inder Jaisinghani (64yo)
Chairman & MD
- Tenure: 4.8yrs
Ramesh Jaisinghani (61yo)
Whole-Time Director
- Tenure: 5.4yrs
Radhakrishna Adyanthaya
President of Fans and Chief Operating Officer of Fans
Suresh Kumar
President of Strategy & Human Resources
Sai Narayana
Compliance Officer & Company Secretary
Vivek Khanna (55yo)
President of Accounts & Information Technology
Shyam Bajaj (64yo)
CFO & Whole-Time Director
- Tenure: 0.8yrs
Anil Kumar
Head of Institutional Sales and Executive Vice President
Board Members
Radhey Sharma (67yo)
Non-Executive & Independent Director
- Tenure: 0.8yrs
Pradeep Poddar (64yo)
Non-Executive & Independent Director
- Tenure: 0.8yrs
Hiroo Mirchandani (57yo)
Independent Director
- Tenure: 0.8yrs
Shyam Bajaj (64yo)
CFO & Whole-Time Director
- Tenure: 2.5yrs
Tilokchand Ostwal (64yo)
Non-Executive & Independent Director
- Tenure: 0.8yrs
Inder Jaisinghani (64yo)
Chairman & MD
- Tenure: 21.5yrs
Ajay Jaisinghani (66yo)
Whole-Time Director
- Tenure: 13.2yrs
Ramesh Jaisinghani (61yo)
Whole-Time Director
- Tenure: 23.4yrs
Company Information
Polycab India Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Polycab India Limited
- Ticker: POLYCAB
- Exchange: NSEI
- Founded: 1996
- Industry: electrical components and equipment
- Sector: capital goods
- Market Cap: ₹89.396b
- Shares outstanding: 148.65m
- Website: Click here
Number of Employees
Location
- Polycab India Limited
- Polycab House
- 771, Mogul Lane
- Mumbai
- Maharashtra
- 400016
- India
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 542652 | BSE (Mumbai Stock Exchange) | Yes | Equity Shares | IN | INR | Apr 2019 |
| POLYCAB | NSEI (National Stock Exchange of India) | Yes | Equity Shares | IN | INR | Apr 2019 |
Biography
Polycab India Limited manufactures and sells wires and cables, and fast moving electrical goods in India and internationally. The company offers power, control, instrumentation, solar, flexible, flexible/s ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/06/26 02:00 |
| End of Day Share Price | 2019/06/25 00:00 |
| Earnings | 2019/03/31 |
| Annual Earnings | 2019/03/31 |
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 here.