POLYCAB Stock Overview
Polycab India Limited manufactures and sells wires and cables under the POLYCAB brand in India and internationally.
Polycab India Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||₹2,179.85|
|52 Week High||₹2,820.00|
|52 Week Low||₹1,762.00|
|1 Month Change||-11.17%|
|3 Month Change||-17.86%|
|1 Year Change||10.99%|
|3 Year Change||256.53%|
|5 Year Change||n/a|
|Change since IPO||232.90%|
Recent News & Updates
Many Would Be Envious Of Polycab India's (NSE:POLYCAB) Excellent Returns On Capital
If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...
Is Now The Time To Look At Buying Polycab India Limited (NSE:POLYCAB)?
Polycab India Limited ( NSE:POLYCAB ), is not the largest company out there, but it saw a decent share price growth in...
|POLYCAB||IN Electrical||IN Market|
Return vs Industry: POLYCAB matched the Indian Electrical industry which returned 12% over the past year.
Return vs Market: POLYCAB exceeded the Indian Market which returned -0.3% over the past year.
|POLYCAB Average Weekly Movement||5.0%|
|Electrical Industry Average Movement||6.4%|
|Market Average Movement||6.8%|
|10% most volatile stocks in IN Market||9.8%|
|10% least volatile stocks in IN Market||4.4%|
Stable Share Price: POLYCAB is less volatile than 75% of Indian stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: POLYCAB's weekly volatility (5%) has been stable over the past year.
About the Company
Polycab India Limited manufactures and sells wires and cables under the POLYCAB brand in India and internationally. The company offers rubber cable, fire survival cables, and wires. It also provides ceiling, table, pedestal, wall, exhaust, farrata, and air circulated fans.
Polycab India Fundamentals Summary
|POLYCAB fundamental statistics|
Is POLYCAB overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|POLYCAB income statement (TTM)|
|Cost of Revenue||₹94.91b|
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
|Earnings per share (EPS)||55.92|
|Net Profit Margin||6.85%|
How did POLYCAB perform over the long term?See historical performance and comparison
0.6%Current Dividend Yield
Is POLYCAB undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 1/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for POLYCAB?
Other financial metrics that can be useful for relative valuation.
|What is POLYCAB's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does POLYCAB's PE Ratio compare to its peers?
|POLYCAB PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
HAVELLS Havells India
500093 CG Power and Industrial Solutions
517569 KEI Industries
532953 V-Guard Industries
POLYCAB Polycab India
Price-To-Earnings vs Peers: POLYCAB is good value based on its Price-To-Earnings Ratio (39x) compared to the peer average (41x).
Price to Earnings Ratio vs Industry
How does POLYCAB's PE Ratio compare vs other companies in the IN Electrical Industry?
Price-To-Earnings vs Industry: POLYCAB is expensive based on its Price-To-Earnings Ratio (39x) compared to the Indian Electrical industry average (19.4x)
Price to Earnings Ratio vs Fair Ratio
What is POLYCAB'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.
|Current PE Ratio||39x|
|Fair PE Ratio||29.3x|
Price-To-Earnings vs Fair Ratio: POLYCAB is expensive based on its Price-To-Earnings Ratio (39x) compared to the estimated Fair Price-To-Earnings Ratio (29.3x).
Share Price vs Fair Value
What is the Fair Price of POLYCAB when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: POLYCAB (₹2179.85) is trading above our estimate of fair value (₹522.04)
Significantly Below Fair Value: POLYCAB is trading above our estimate of fair value.
Price to Earnings Growth Ratio
PEG Ratio: POLYCAB is poor value based on its PEG Ratio (2.3x)
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How is Polycab India forecast to perform in the next 1 to 3 years based on estimates from 23 analysts?
Future Growth Score1/6
Future Growth Score 1/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: POLYCAB's forecast earnings growth (17.3% per year) is above the savings rate (6.8%).
Earnings vs Market: POLYCAB's earnings (17.3% per year) are forecast to grow slower than the Indian market (17.4% per year).
High Growth Earnings: POLYCAB's earnings are forecast to grow, but not significantly.
Revenue vs Market: POLYCAB's revenue (11.3% per year) is forecast to grow slower than the Indian market (11.5% per year).
High Growth Revenue: POLYCAB's revenue (11.3% 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 (19.1%).
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How has Polycab India performed over the past 5 years?
Past Performance Score1/6
Past Performance Score 1/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: POLYCAB has a high level of non-cash earnings.
Growing Profit Margin: POLYCAB's current net profit margins (6.9%) are lower than last year (9.5%).
Past Earnings Growth Analysis
Earnings Trend: POLYCAB's earnings have grown by 19% per year over the past 5 years.
Accelerating Growth: POLYCAB's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: POLYCAB had negative earnings growth (-0.2%) over the past year, making it difficult to compare to the Electrical industry average (46.2%).
Return on Equity
High ROE: POLYCAB's Return on Equity (15.2%) is considered low.
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How is Polycab India's financial position?
Financial Health Score6/6
Financial Health Score 6/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: POLYCAB's short term assets (₹51.4B) exceed its short term liabilities (₹17.4B).
Long Term Liabilities: POLYCAB's short term assets (₹51.4B) exceed its long term liabilities (₹1.0B).
Debt to Equity History and Analysis
Debt Level: POLYCAB has more cash than its total debt.
Reducing Debt: POLYCAB's debt to equity ratio has reduced from 42.8% to 1.5% over the past 5 years.
Debt Coverage: POLYCAB's debt is well covered by operating cash flow (615.4%).
Interest Coverage: POLYCAB earns more interest than it pays, so coverage of interest payments is not a concern.
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What is Polycab India current dividend yield, its reliability and sustainability?
Dividend Score 2/6
Cash Flow Coverage
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: POLYCAB's dividend (0.64%) is higher than the bottom 25% of dividend payers in the Indian market (0.42%).
High Dividend: POLYCAB's dividend (0.64%) is low compared to the top 25% of dividend payers in the Indian market (1.83%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, POLYCAB has been paying a dividend for less than 10 years.
Growing Dividend: POLYCAB's dividend payments have increased, but the company has only paid a dividend for 3 years.
Earnings Payout to Shareholders
Earnings Coverage: With its low payout ratio (25%), POLYCAB's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: POLYCAB is paying a dividend but the company has no free cash flows.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Inder Jaisinghani (68 yo)
Mr. Inder T. Jaisinghani has been Chairman of the Board at Polycab India Limited since December 20, 1997 and has been its Managing Director since August 28, 2019. He has been working with Polycab India Lim...
CEO Compensation Analysis
Compensation vs Market: Inder's total compensation ($USD1.74M) is above average for companies of similar size in the Indian market ($USD621.51K).
Compensation vs Earnings: Inder's compensation has been consistent with company performance over the past year.
Experienced Management: POLYCAB's management team is not considered experienced ( 1.5 years average tenure), which suggests a new team.
Experienced Board: POLYCAB's board of directors are not considered experienced ( 2.5 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Polycab India Limited's employee growth, exchange listings and data sources
- Name: Polycab India Limited
- Ticker: POLYCAB
- Exchange: NSEI
- Founded: 1996
- Industry: Electrical Components and Equipment
- Sector: Capital Goods
- Implied Market Cap: ₹321.706b
- Shares outstanding: 149.61m
- Website: https://www.polycab.com
Number of Employees
- Polycab India Limited
- Polycab House
- 771, Mogul Lane
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/07/05 00:00|
|End of Day Share Price||2022/07/05 00:00|
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.