Polycab India
Market Cap
₹144.1b
Last Updated
2019/12/11 13:04 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.
Rewards
Risk Analysis
Snowflake Analysis
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
Stable Share Price: POLYCAB's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
0.3%
POLYCAB
-4.7%
IN Electrical
-2.9%
IN Market
1 Year Return
n/a
POLYCAB
-28.4%
IN Electrical
2.8%
IN Market
Return vs Industry: Insufficient data to determine how POLYCAB performed against the Indian Electrical industry.
Return vs Market: Insufficient data to determine how POLYCAB performed against the Indian Market.
Shareholder returns
| POLYCAB | Industry | Market | |
|---|---|---|---|
| 7 Day | 0.3% | -4.7% | -2.9% |
| 30 Day | 13.0% | -7.0% | -1.4% |
| 90 Day | 59.8% | -0.6% | 6.2% |
| 1 Year | n/a | -26.6%-28.4% | 4.8%2.8% |
| 3 Year | n/a | 3.3%-0.1% | 31.3%24.4% |
| 5 Year | n/a | -9.7%-14.5% | 42.7%29.9% |
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
1 week ago | Simply Wall St
Why Polycab India Limited’s (NSE:POLYCAB) Return On Capital Employed Is Impressive3 weeks ago | Simply Wall St
Polycab India Limited (NSE:POLYCAB) Is An Attractive Dividend Stock - Here's Why2 months ago | Simply Wall St
Despite Its High P/E Ratio, Is Polycab India Limited (NSE:POLYCAB) Still Undervalued?Valuation
Is Polycab India undervalued compared to its fair value and its price relative to the market?
21.82x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: POLYCAB (₹995.85) is trading above our estimate of fair value (₹206.18)
Significantly Below Fair Value: POLYCAB is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: POLYCAB is poor value based on its PE Ratio (21.8x) compared to the Electrical industry average (13.2x).
PE vs Market: POLYCAB is poor value based on its PE Ratio (21.8x) compared to the Indian market (12.6x).
Price to Earnings Growth Ratio
PEG Ratio: POLYCAB is poor value based on its PEG Ratio (3.3x)
Price to Book Ratio
PB vs Industry: POLYCAB is overvalued based on its PB Ratio (4.2x) compared to the IN Electrical industry average (0.7x).
Next Steps
Future Growth
How is Polycab India forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?
6.5%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: POLYCAB's forecast earnings growth (6.5% per year) is above the savings rate (6.5%).
Earnings vs Market: POLYCAB's earnings (6.5% per year) are forecast to grow slower than the Indian market (19.6% per year).
High Growth Earnings: POLYCAB's earnings are forecast to grow, but not significantly.
Revenue vs Market: POLYCAB's revenue (8.8% per year) is forecast to grow slower than the Indian market (11.5% per year).
High Growth Revenue: POLYCAB's revenue (8.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: POLYCAB's Return on Equity is forecast to be low in 3 years time (18%).
Next Steps
Past Performance
How has Polycab India performed over the past 5 years?
27.5%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: POLYCAB has high quality earnings.
Growing Profit Margin: POLYCAB's current net profit margins (7.6%) are higher than last year (6.6%).
Past Earnings Growth Analysis
Earnings Trend: POLYCAB's earnings have grown significantly by 27.5% per year over the past 5 years.
Accelerating Growth: POLYCAB's earnings growth over the past year (36.4%) exceeds its 5-year average (27.5% per year).
Earnings vs Industry: POLYCAB earnings growth over the past year (36.4%) exceeded the Electrical industry 12.5%.
Return on Equity
High ROE: POLYCAB's Return on Equity (18.8%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Polycab India's financial position?
Financial Position Analysis
Short Term Liabilities: POLYCAB's short term assets (₹38.7B) exceed its short term liabilities (₹20.9B).
Long Term Liabilities: POLYCAB's short term assets (₹38.7B) exceed its long term liabilities (₹1.0B).
Debt to Equity History and Analysis
Debt Level: POLYCAB's debt to equity ratio (3.7%) is considered satisfactory.
Reducing Debt: POLYCAB's debt to equity ratio has reduced from 32.2% to 3.7% over the past 5 years.
Debt Coverage: POLYCAB's debt is well covered by operating cash flow (550%).
Interest Coverage: POLYCAB earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
Inventory Level: POLYCAB has a high level of physical assets or inventory.
Debt Coverage by Assets: POLYCAB's debt is covered by short term assets (assets are 29.4x debt).
Next Steps
Dividend
What is Polycab India's current dividend yield, its reliability and sustainability?
0.30%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: POLYCAB's dividend (0.3%) isn’t notable compared to the bottom 25% of dividend payers in the Indian market (0.6%).
High Dividend: POLYCAB's dividend (0.3%) is low compared to the top 25% of dividend payers in the Indian market (2.56%).
Stability and Growth of Payments
Stable Dividend: Too early to tell whether POLYCAB's dividend payments have been stable as they only just started paying a dividend.
Growing Dividend: Too early to tell if POLYCAB's dividend payments are increasing as they only just started paying a dividend.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (6.6%), POLYCAB's dividend payments are thoroughly covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
Next Steps
Management
What is the CEO of Polycab India's salary, the management and board of directors tenure and is there insider trading?
5.3yrs
Average management tenure
CEO
Inder Jaisinghani (65yo)
5.3yrs
Tenure
₹86,190,000
Compensation
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 ...
CEO Compensation Analysis
Compensation vs Market: Inder's total compensation ($USD1.22M) is above average for companies of similar size in the Indian market ($USD666.38K).
Compensation vs Earnings: Insufficient data to compare Inder's compensation with company performance.
Management Age and Tenure
5.3yrs
Average Tenure
63.5yo
Average Age
Experienced Management: POLYCAB's management team is seasoned and experienced (5.3 years average tenure).
Board Age and Tenure
2.1yrs
Average Tenure
65yo
Average Age
Experienced Board: POLYCAB's board of directors are not considered experienced ( 2.1 years average tenure), which suggests a new board.
Insider Trading
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Dilution of Shares: POLYCAB only recently listed within the past 12 months, with total shares outstanding growing by 2.4% in the past year..
Management Team
Shashank Pore (49yo)
Chief Marketing Officer
- Tenure: 0yrs
Shyam Bajaj (65yo)
CFO & Whole-Time Director
- Tenure: 3yrs
- Compensation: ₹25.76m
Vivek Khanna (56yo)
President of Accounts & Information Technology
- Tenure: 0yrs
Inder Jaisinghani (65yo)
Chairman & MD
- Tenure: 5.3yrs
- Compensation: ₹86.19m
Ajay Jaisinghani (67yo)
Whole-Time Director
- Tenure: 13.7yrs
- Compensation: ₹28.25m
Ramesh Jaisinghani (62yo)
Whole-Time Director
- Tenure: 23.9yrs
- Compensation: ₹28.25m
Anil Kumar
Head of Institutional Sales and Executive Vice President
- Tenure: 0yrs
Suresh Kumar
President of Strategy & Human Resources
- Tenure: 0yrs
Sai Narayana
Compliance Officer & Company Secretary
- Tenure: 0yrs
Radhakrishna Adyanthaya
President of Fans and Chief Operating Officer of Fans
- Tenure: 0yrs
Board Members
Radhey Sharma (68yo)
Non-Executive & Independent Director
- Tenure: 1.3yrs
- Compensation: ₹2.26m
Pradeep Poddar (65yo)
Non-Executive & Independent Director
- Tenure: 1.3yrs
- Compensation: ₹2.18m
Hiroo Mirchandani (58yo)
Non-Executive & Independent Director
- Tenure: 1.3yrs
- Compensation: ₹1.76m
Shyam Bajaj (65yo)
CFO & Whole-Time Director
- Tenure: 3yrs
- Compensation: ₹25.76m
Tilokchand Ostwal (65yo)
Non-Executive & Independent Director
- Tenure: 1.3yrs
- Compensation: ₹2.26m
Inder Jaisinghani (65yo)
Chairman & MD
- Tenure: 5.3yrs
- Compensation: ₹86.19m
Ajay Jaisinghani (67yo)
Whole-Time Director
- Tenure: 13.7yrs
- Compensation: ₹28.25m
Ramesh Jaisinghani (62yo)
Whole-Time Director
- Tenure: 23.9yrs
- Compensation: ₹28.25m
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: ₹144.058b
- Shares outstanding: 148.77m
- Website: https://polycab.com
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 | 2019/12/11 13:04 |
| End of Day Share Price | 2019/12/11 00:00 |
| Earnings | 2019/09/30 |
| 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.