Polycab India Limited, established in 1996, is a manufacturer of FMEG (fast-moving electrical goods). It is a producer and marketer of LED lighting, switches, solar products, electric fans, etc., and sells its products under the brand name Polycab. The company, headquartered in Mumbai, also produces different types of electric cables, such as solar cables, building wires, power cables, control cables, etc.
On 6 January 2023, the market capitalisation of the company was Rs 39,088.84 crore. It reported a total revenue of Rs 3,302.13 crore at the end of the second quarter of the financial year 2022-2023. The company is listed on the Bombay Stock Exchange with the code 542652 and on the National Stock Exchange under the code POLYCAB.
Polycab has a diversified shareholding pattern, with promoters holding approximately 67.99% of the company. The public has a stake of 17.3% in the company. FIIs hold a stake of 5.71% in the company, while DIIs hold a stake of 9.03%. The shareholding pattern of the company has remained largely stable over the past year.
Inder T Jaisinghani is the current managing director of the company. Other directors of the company include Bharat A Jaisinghani, Nikhil R Jaisinghani, Rakesh Talati, Pradeep Poddar, R S Sharma, Sutapa Banerjee, and T P Ostwal. The chief financial officer of Polycabs is Gandharv Tongia. The company’s auditors are B S R & Co. LLP.
On 6 January 2023, Polycab’s share price was Rs 2612.00 on the BSE and Rs 2613 on the NSE. The company’s 52-week-high was Rs 3,025.00, while the 52-week-low was Rs 2,043.85. Its three-month return to investors was -3.3%, while its one-year return was 7.3%.
In the second quarter of FY 2022-2023, the company saw an 11% rise in revenue compared to the same period last year. Its PAT grew by 37%, and the net cash position also significantly improved from Rs 870 crore to Rs 1670 crore.
Disclaimer: ICICI Securities Ltd. (I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is a Member of National Stock Exchange of India Ltd (Member Code: 07730), BSE Ltd (Member Code: 103) and Member of Multi Commodity Exchange of India Ltd.(Member Code: 56250) and having SEBI registration no. INZ000183631. Name of the Compliance officer (broking): Ms. Mamta Shetty, Contact number: 022-40701022, E-mail address: firstname.lastname@example.org. Investments in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein above shall not be considered as an invitation or persuasion to trade or invest. I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. Such representations are not indicative of future results. The securities quoted are exemplary and are not recommendatory. Investors should consult their financial advisers if in doubt about whether the product is suitable for them. The contents herein above are solely for informational purpose and may not be used or considered as an offer document or solicitation of offer to buy or sell or subscribe for securities or other financial instruments or any other product. Investors should consult their financial advisers whether the product is suitable for them before taking any decision. The contents herein mentioned are solely for informational and educational purpose.