loader2
Partner With Us NRI

Polycab India Ltd share Price Today

Company details

6,985.00
7,250.00
3,416.00
7,250.00
6M Return 29.00%
1Y Return 112.06%
Mkt Cap.(Cr) 108,906.08
Volume 264,064
Div Yield 0.42%
OI
-
OI Chg %
-
Volume 264,064

Open Free Trading Account Online with ICICIDIRECT

Incur '0' Brokerage upto ₹500
An upbeat performance…
About The Stock

    Polycab is the largest manufacturer of wire & cable in India. The company also entered the fast moving electrical goods (FMEG) space in 2014 and has recorded strong segment revenue CAGR of 32% in the last five years.

    • Polycab is the market leader in the wire & cable business with organised market share of 22-24%. In the FMEG segment, it is growing through new product launches and dealer addition across India. The company has ~4600 dealers, serving ~2 lakh retail outlets
    • Robust b/s with RoE, RoCE of 18%, 22%, respectively, (three-year average)
Q3FY23 Results

    Cables & Wires segment drives Q3FY23 performance

    • Revenues were up ~10% YoY to ~₹ 3715 crore led by ~13% growth in the wires & cable segment. FMEG segment revenue remained flat on a YoY basis at ₹ 342 crore due to subdued demand conditions
    • Gross margin increased ~309 bps YoY supported by better product mix, judicial price revisions and lower RM costs. As a result, EBITDA margin increased by 284 bps YoY to 13.6%
    • PAT grew by ~14% YoY to ~₹ 361 crore YoY (up 33.4% QoQ) tracking strong topline growth and EBITDA margin expansion

Click here for full recommendation

Research view on more stocks

Electrical Equipment company Polycab India announced Q4FY24 & FY24 results:

Q4FY24 Financial Highlights:

  • Revenue at Rs 55,919 million; up 29% YoY
  • EBITDA at Rs 7,615 million; up 26% YoY
  • PAT at Rs 5,535 million; up 29% YoY

FY24 Financial Highlights:

  • Revenue at Rs 1,80,394 million; up 28% YoY
  • EBITDA at Rs 24,918 million; up 35% YoY
  • PAT at Rs 18,029 million; up 41% YoY

Commenting on the performance, Inder T. Jaisinghani, Chairman and Managing Director, Polycab India Limited, said: “The year gone by has been truly exceptional for our Company, marked by remarkable achievements fuelled by robust demand momentum. This resulted in the Company achieving its highest-ever revenues and profitability in its history. This outstanding performance is a direct result of our steadfast focus over the years on key areas such as expanding our distribution network, enhancing manufacturing capabilities, and striving for operational and organizational excellence.

As the country experiences an infrastructure upcycle, Polycab remains committed to its role in nation-building. We are dedicated to leveraging our expertise and resources to contribute to the development of vital infrastructure projects. Our commitment extends to product innovation, ensuring that we deliver superior-quality solutions across diverse sectors and meeting the evolving needs of our customers.”

Result PDF

View Other Company Results

Polycab India Ltd shares SWOT Analysis

Strengths (14)

  • Strong Momentum: Price above short, medium and long term moving averages
  • Strong QoQ EPS Growth in recent results
  • New 52 week high today

Weakness (0)

Data not found

Opportunity (3)

  • Positive Breakout First Resistance ( LTP > R1)
  • Highest Recovery from 52 Week Low
  • RSI indicating price strength

Threats (3)

  • Promoter decreasing their shareholding
  • Red Flags: Firms linked to ongoing regulatory investigations/legal cases
  • High PE (PE > 40)

Resistance and support

R1 7,222.0
R2 7,352.4
R3 7,489.8
Pivot

7,084.57

S1 6,954.1
S2 6,816.7
S3 6,686.3
EMA SMA
6,836.0
6,353.2
5,855.5
5,308.6
6,870.0
6,265.3
5,501.6
5,333.1
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
GRAVITON RESEARCH CAPITAL LLP Bulk Purchase 2024-01-11 3964.63 1209791 NSE
NK SECURITIES RESEARCH PRIVATE LIMITED Bulk Purchase 2024-01-11 3946.23 961087 NSE
GRAVITON RESEARCH CAPITAL LLP Bulk Sell 2024-01-11 3966.59 1211191 NSE
Name Category Shares
INDER T JAISINGHANI PROMOTER 12.56%
RAMESH T JAISINGHANI PROMOTER 11.22%
AJAY T JAISINGHANI PROMOTER 9.9%
GIRDHARI THAKURDAS JAISINGHANI PROMOTER 9.74%
KUNAL INDER JAISINGHANI PROMOTER 3.75%
BHARAT JAISINGHANI PROMOTER 3.64%
NIKHIL RAMESH JAISINGHANI PROMOTER 3.55%
AJAY T JAISINGHANI/AARTI AJAY JAISINGHANI (BHARAT JAISINGHANI FAMILY TRUST) PROMOTER 1.43%
GIRDHARI THAKURDAS JAISINGHANI/RAJU GIRDHARI JAISINGHANI (GIRDHARI JUHI TRUST) PROMOTER 1.33%
GIRDHARI THAKURDAS JAISINGHANI/RAJU GIRDHARI JAISINGHANI (GIRDHARI KARINA TRUST) PROMOTER 1.33%
GIRDHARI THAKURDAS JAISINGHANI/RAJU GIRDHARI JAISINGHANI (GIRDHARI RESHMA TRUST) PROMOTER 1.33%
AJAY T JAISINGHANI/(AKANSHA PUNJABI FAMILY TRUST) PROMOTER 0.87%
AJAY T JAISINGHANI/AARTI AJAY JAISINGHANI (KIARA DUHLANI FAMILY TRUST) PROMOTER 0.73%
INDER THAKURDAS JAISINGHANI/MEENA INDER JAISINGHANI (INDER KUNAL TRUST) PROMOTER 0.67%
RAMESH T JAISINGHANI/REINA R JAISINGHANI(DEEPIKA SEHGAL FAMILY TRUST) PROMOTER 0.67%
RAMESH T JAISINGHANI/REINA R JAISINGHANI (NIKHIL JAISINGHANI FAMILY TRUST) PROMOTER 0.67%
INDER THAKURDAS JAISINGHANI/MEENA INDER JAISINGHANI (INDER SHIKHA TRUST) PROMOTER 0.67%

OUR RESEARCH VIEW

Investment recommendation
An upbeat performance…
Call Date
23 Jan 2023
Entry Price 2,800.00
Target Price 3,380.00
Duration
12-18 Month

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Polycab India Ltd Stocks COMPARISON

Financials( in Cr) Polycab India Ltd KEI Industries Ltd Finolex Cables Ltd R R Kabel Ltd Sterlite Technologies Ltd
Price 7,249.00 4,564.00 1,579.35 1,726.85 144.23
% Change 2.22 0.17 0.70 -1.44 2.25
Mcap Cr 108,906.08 41,185.99 24,154.42 19,482.15 7,032.27
Revenue TTM Cr 14,107.78 6,912.33 4,481.11 5,599.20 6,925.00
Net Profit TTM Cr 1,282.25 477.38 504.28 189.87 127.00
PE TTM 59.73 70.75 36.63 66.31 0.00
1 Year Return 112.06 103.70 90.70 44.14 -4.45
ROCE 28.06 23.74 15.61 15.70 10.96
ROE 21.06 19.24 12.16 14.22 6.32
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 6,630.86 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 34,841.27 9,567.52
LAST 3M 107,380.98 -15,756.42
LAST 6M 182,851.12 -2,333.61
LAST 12M 296,057.08 99,791.83

Polycab India Ltd Information

Stock PE (TTM)
59.73
Promoter Holding
65.24%
Book Value
544.7422
ROCE
28.06%
ROE
21.06%
Description
  • 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: complianceofficer@icicisecurities.com. 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.

Registered Address

Unit 4 Plot No 105 Nurpura, Halol Vadodar Road Tal Halol, panchmahal, Gujarat, 389350

Email : investor.relations:polycab.com
Website : http://www.polycab.com
Registrar

KFin Techologies Ltd

AGM Date (Month) : Jun
Face Value Equity Shares : 10
Market Lot Equity Shares : 1
BSE Code : 542652
NSE Code : POLYCAB
Book Closure Date (Month) : Jun
BSE Group : A
ISIN : INE455K01017

FAQ’s on Polycab India Ltd Shares

You can buy Polycab India Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Polycab India Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Jun 24, 2024 11:09 AM the closing price of Polycab India Ltd was Rs.7,249.00.

The latest PE ratio of Polycab India Ltd as of Jun 24, 2024 11:09 AM is 59.73

The latest PB ratio of Polycab India Ltd as of Jun 24, 2024 11:09 AM is 0.08

The 52-week high of Polycab India Ltd share price is Rs. 7,250.00 while the 52-week low is Rs. 3,416.00

According to analyst recommendations, Polycab India Ltd Share has a "Buy" rating for the long term.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of Jun 24, 2024 11:09 AM, the market cap of Polycab India Ltd stood at Rs. 108,906.08 Cr.

Download App

Download Our App

Play Store App Store
market app