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Polycab India Ltd share Price Today

Company details

6M Return 53.95%
1Y Return 101.23%
Mkt Cap.(Cr) 81,715.55
Volume 419,779
Div Yield 0.37%
OI Chg %
Volume 419,779

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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 43% in the last five years.

    • Polycab is the market leader in the wire & cable business with organised market share of 23%. In the FMEG segment, it is growing through new product launches and dealer addition across India. The company has ~4100 dealers, serving.65 lakh retail outlets
    • Robust b/s with RoE, RoCE of 19%, 26%, respectively, (three-year average)
Q4FY22 Results

    Strong revenue growth; margin pressure continued.

    • Strong revenue growth of 35% YoY to ₹ 3970 crore led by ~40% growth in the wire & cable segment. FMEG grew albeit a slow pace of 9% YoY
    • EBITDA margin declined ~173 bps YoY to 12% due to higher raw material prices. Sequentially, margin improved 127 bps
    • PAT increased ~15% ₹ 325 crore; tracking strong topline growth

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Electrical Equipment/Products company Polycab India announced Q2FY24 & H1FY24 results:

1. Financial Performance:
- Highest-ever revenue for the second quarter and six months ended September 30, 2023.
- Revenue growth of 27% YoY to Rs 42,177 million in Q2FY24 and 34% YoY to Rs 81,071 million in H1FY24.
- EBITDA growth of 43% YoY to Rs 6,089 million in Q2FY24 and 57% YoY to Rs 11,575 million in H1FY24.
- PAT growth of 59% YoY to Rs 4,298 million in Q2FY24 and 69% YoY to Rs 8,329 million in H1FY24.

2. Business Performance:
- Strong volume growth in the wires & cables business driving revenue growth.
- Continued strong demand supported by government capex and robust real-estate off-take.
- Growth in both distribution-driven business and institutional business.
- Expansion of global footprint to 76 countries.

3. Brand Identity Update:
- Unveiling of new brand identity symbolizing innovation, technology, safety, and sustainability.
- New visual identity inspired by the colors of dawn.
- Updated brand tagline from "Connection Zindagi Ka" to "Ideas. Connected."

4. Segment Performance:
- Strong growth in switches, switchgear, conduit pipes & fittings, and luminaires businesses.
- Marginal growth in Fans and Lights businesses due to weak consumer demand.

Inder T. Jaisinghani, Chairman and Managing Director, Polycab India, said, "We continued our strong business performance in Q2, enabling the half-yearly revenue and profitability to be the highest ever in the Company's history. Favourable demand environment with multiple avenues of growth along with our strong focus on execution has laid the foundation for the current year to be a remarkable chapter in the history of our organization.

During the quarter, we unveiled our new brand identity, symbolizing our commitment to innovation, technology, safety, and sustainability with a vision of 'Connecting all to a brighter future'. Our new visual identity, inspired by the colours of dawn, embodies our commitment to a brighter future and reaching new heights. We've also updated our brand tagline from the existing positioning of 'Connection Zindagi Ka' to 'Ideas. Connected.' which reflects our vision for a future where innovative products simplify lives, and it all begins with a thoughtful idea. The Company is on an exciting journey towards a more promising future, and I believe the brand refresh will act as a catalyst in accelerating this favourable advancement”.



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


Operating Profit
Profit after Tax
Reserves and Surplus
Operating Profit
Profit after Tax

Polycab India Ltd Stocks COMPARISION


Equity Capital: 6,630.86 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 20,486.67 41,311.63
LAST 3M 59,182.99 18,817.17
LAST 6M 99,630.35 93,158.70
LAST 12M 166,983.77 138,194.89
Polycab India Limited - Analysts/Institutional Investor Meet/Con. Call Updates

Dec 08, 2023 l NSE Announcement

Polycab India allots 7000 equity shares under ESOP

Dec 06, 2023 l BSE Announcement

Polycab India announces resignation of two senior personnel

Dec 05, 2023 l BSE Announcement

Date Action Type Ratio
Jun 21, 2023 Dividend 200
Jun 21, 2022 Dividend 140
Jul 12, 2021 Dividend 100

Polycab India Ltd Information

Stock PE (TTM)
Promoter Holding
Book Value
  • 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

KFin Techologies Ltd

AGM Date (Month) : Jun
Face Value Equity Shares : 10
Market Lot Equity Shares : 1
BSE Code : 542652
Book Closure Date (Month) :
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 Dec 08, 2023 03:59 PM the closing price of Polycab India Ltd was ₹ 5,446.65.

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 Dec 08, 2023 03:59 PM, the market cap of Polycab India Ltd stood at ₹ 81,715.55.

The latest PE ratio of Polycab India Ltd as of Dec 08, 2023 03:59 PM is 50.85

The latest PB ratio of Polycab India Ltd as of Dec 08, 2023 03:59 PM is 0.09

The 52-week high of Polycab India Ltd is ₹ 5,520.80 while the 52-week low is ₹ 2,500.25

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

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