Polycab India Ltd
Polycab is India’s leading manufacturers of cables and wires and allied products such as uPVC conduits and lugs and glands. We have a range of cables and wires for practically every application. More recently Polycab has also launched a wide range of consumer electrical products like Fans, Switches, Switchgear, LED lights and Luminaries, Solar Inverters, and Pumps.
- Market Cap ₹ 96,363 Cr.
- Current Price ₹ 6,406
- High / Low ₹ 7,607 / 3,801
- Stock P/E 53.7
- Book Value ₹ 571
- Dividend Yield 0.47 %
- ROCE 31.3 %
- ROE 23.2 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company has delivered good profit growth of 28.1% CAGR over last 5 years
- Company has been maintaining a healthy dividend payout of 24.0%
Cons
- Stock is trading at 11.2 times its book value
- Promoter holding has decreased over last quarter: -1.96%
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Cables Industry: Cables - Power
Part of BSE Capital Goods BSE 100 LargeCap TMC Index Nifty LargeMidcap 250 Nifty Midcap150 Quality 50 Nifty 200
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
3,986 | 4,707 | 5,202 | 5,500 | 6,770 | 7,986 | 8,830 | 8,792 | 12,204 | 14,108 | 18,039 | 20,129 | |
3,687 | 4,266 | 4,710 | 5,020 | 6,041 | 7,035 | 7,701 | 7,681 | 10,940 | 12,265 | 15,548 | 17,583 | |
Operating Profit | 299 | 442 | 492 | 480 | 729 | 950 | 1,129 | 1,111 | 1,264 | 1,843 | 2,492 | 2,546 |
OPM % | 8% | 9% | 9% | 9% | 11% | 12% | 13% | 13% | 10% | 13% | 14% | 13% |
8 | 5 | 32 | 75 | 65 | 64 | 91 | 164 | 161 | 133 | 221 | 259 | |
Interest | 94 | 108 | 147 | 66 | 94 | 117 | 50 | 43 | 35 | 60 | 108 | 143 |
Depreciation | 71 | 98 | 111 | 128 | 133 | 141 | 161 | 176 | 202 | 209 | 245 | 267 |
Profit before tax | 142 | 241 | 265 | 361 | 567 | 756 | 1,010 | 1,056 | 1,188 | 1,707 | 2,359 | 2,395 |
Tax % | 37% | 32% | 30% | 36% | 37% | 34% | 24% | 16% | 23% | 25% | 24% | |
89 | 164 | 185 | 233 | 359 | 500 | 766 | 886 | 917 | 1,283 | 1,803 | 1,817 | |
EPS in Rs | 12.65 | 11.64 | 13.09 | 16.48 | 25.35 | 35.39 | 50.97 | 59.15 | 60.80 | 84.85 | 118.75 | 119.41 |
Dividend Payout % | 8% | 9% | 13% | 6% | 0% | 8% | 14% | 17% | 23% | 24% | 25% |
Compounded Sales Growth | |
---|---|
10 Years: | 16% |
5 Years: | 18% |
3 Years: | 27% |
TTM: | 25% |
Compounded Profit Growth | |
---|---|
10 Years: | 34% |
5 Years: | 28% |
3 Years: | 25% |
TTM: | 12% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 47% |
3 Years: | 39% |
1 Year: | 21% |
Return on Equity | |
---|---|
10 Years: | 19% |
5 Years: | 21% |
3 Years: | 21% |
Last Year: | 23% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 71 | 141 | 141 | 141 | 141 | 141 | 149 | 149 | 149 | 150 | 150 | 150 |
Reserves | 1,412 | 1,489 | 1,642 | 1,853 | 2,206 | 2,706 | 3,688 | 4,605 | 5,394 | 6,487 | 8,037 | 8,444 |
458 | 546 | 796 | 856 | 800 | 272 | 157 | 282 | 118 | 109 | 161 | 193 | |
823 | 1,138 | 1,296 | 1,729 | 1,300 | 2,509 | 1,967 | 1,978 | 1,750 | 2,678 | 3,718 | 4,924 | |
Total Liabilities | 2,763 | 3,314 | 3,875 | 4,579 | 4,448 | 5,628 | 5,961 | 7,015 | 7,412 | 9,424 | 12,066 | 13,711 |
750 | 822 | 985 | 1,128 | 1,197 | 1,276 | 1,422 | 1,870 | 1,675 | 2,067 | 2,338 | 2,593 | |
CWIP | 116 | 179 | 138 | 165 | 136 | 193 | 241 | 99 | 375 | 251 | 578 | 767 |
Investments | 0 | 0 | 0 | 33 | 32 | 29 | 65 | 635 | 773 | 1,350 | 1,822 | 2,186 |
1,897 | 2,312 | 2,752 | 3,253 | 3,083 | 4,130 | 4,232 | 4,411 | 4,588 | 5,756 | 7,328 | 8,164 | |
Total Assets | 2,763 | 3,314 | 3,875 | 4,579 | 4,448 | 5,628 | 5,961 | 7,015 | 7,412 | 9,424 | 12,066 | 13,711 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|
310 | 150 | 221 | 296 | 362 | 1,230 | 244 | 1,252 | 512 | 1,428 | 1,296 | |
-109 | -173 | -247 | -295 | -188 | -408 | -262 | -1,012 | -427 | -1,203 | -752 | |
-196 | 15 | 45 | -10 | -190 | -651 | 11 | -175 | -201 | -227 | -387 | |
Net Cash Flow | 4 | -8 | 20 | -8 | -15 | 171 | -7 | 66 | -116 | -2 | 157 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 88 | 84 | 95 | 80 | 70 | 61 | 59 | 60 | 39 | 32 | 41 |
Inventory Days | 70 | 95 | 94 | 134 | 128 | 116 | 113 | 86 | 104 | 105 | |
Days Payable | 77 | 101 | 101 | 120 | 97 | 82 | 77 | 48 | 72 | 82 | |
Cash Conversion Cycle | 81 | 78 | 88 | 94 | 70 | 91 | 94 | 96 | 77 | 65 | 65 |
Working Capital Days | 92 | 86 | 94 | 96 | 88 | 50 | 76 | 73 | 69 | 60 | 61 |
ROCE % | 17% | 17% | 16% | 22% | 28% | 29% | 24% | 21% | 27% | 31% |
Documents
Announcements
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Announcement Under Regulation 30 Of SEBI (LODR) Regulations, 2015 - Intimation Of Institutional Investor / Analyst Meet
1h - Intimation of institutional investor meeting on November 26, 2024.
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 1d
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
2d - Disclosure under Regulation 30 of SEBI(LODR) Regulations Intimation of Institutional Investors
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Announcement Under Regulation 30 Of SEBI (LODR) Regulations, 2015 - Intimation Of Institutional Investor / Analysts Meet
11 Nov - Schedule of upcoming institutional investor meetings.
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Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS
8 Nov - Allotment of Equity Shares pursuant to Employee Stock Option Scheme 2018 of Polycab India Limited.
Annual reports
Concalls
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Business Segments[1]
1 Wires and Cables (W&C): company manufactures wires and cables for retail and industrial use, catering to a diverse customer base across a wide range of industries.
2 FMEG: commenced in FY14, is a high-growth segment. It features a growing product
mix across different price points that caters to the complete spectrum of customers .
3 Others: Mainly EPC business.