Here's What Analysts Are Forecasting For Polycab India Limited (NSE:POLYCAB) After Its Half-Yearly Results

Polycab India Limited (NSE:POLYCAB) shareholders are probably feeling a little disappointed, since its shares fell 4.4% to ₹7,120 in the week after its latest half-year results. It was a workmanlike result, with revenues of ₹102b coming in 4.3% ahead of expectations, and statutory earnings per share of ₹29.14, in line with analyst appraisals. This is an important time for investors, as they can track a company's performance in its report, look at what experts are forecasting for next year, and see if there has been any change to expectations for the business. So we gathered the latest post-earnings forecasts to see what estimates suggest is in store for next year.

Check out our latest analysis for Polycab India

Taking into account the latest results, the most recent consensus for Polycab India from 29 analysts is for revenues of ₹218.7b in 2025. If met, it would imply a meaningful 8.6% increase on its revenue over the past 12 months. Per-share earnings are expected to grow 13% to ₹135. Before this earnings report, the analysts had been forecasting revenues of ₹215.2b and earnings per share (EPS) of ₹134 in 2025. The consensus analysts don't seem to have seen anything in these results that would have changed their view on the business, given there's been no major change to their estimates.

The analysts reconfirmed their price target of ₹7,290, showing that the business is executing well and in line with expectations. It could also be instructive to look at the range of analyst estimates, to evaluate how different the outlier opinions are from the mean. Currently, the most bullish analyst values Polycab India at ₹9,000 per share, while the most bearish prices it at ₹4,500. Note the wide gap in analyst price targets? This implies to us that there is a fairly broad range of possible scenarios for the underlying business.

One way to get more context on these forecasts is to look at how they compare to both past performance, and how other companies in the same industry are performing. We can infer from the latest estimates that forecasts expect a continuation of Polycab India'shistorical trends, as the 18% annualised revenue growth to the end of 2025 is roughly in line with the 19% annual growth over the past five years. Juxtapose this against our data, which suggests that other companies (with analyst coverage) in the industry are forecast to see their revenues grow 21% per year. So although Polycab India is expected to maintain its revenue growth rate, it's only growing at about the rate of the wider industry.

The Bottom Line

The most important thing to take away is that there's been no major change in sentiment, with the analysts reconfirming that the business is performing in line with their previous earnings per share estimates. They also reconfirmed their revenue estimates, with the company predicted to grow at about the same rate as the wider industry. There was no real change to the consensus price target, suggesting that the intrinsic value of the business has not undergone any major changes with the latest estimates.

Keeping that in mind, we still think that the longer term trajectory of the business is much more important for investors to consider. We have estimates - from multiple Polycab India analysts - going out to 2027, and you can see them free on our platform here.

Plus, you should also learn about the 1 warning sign we've spotted with Polycab India .

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.