Is Polycab India a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Polycab India Ltd is a good quality company .

Is Polycab India undervalued or overvalued?

The key valuation ratios of Polycab India Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone .

What is Polycab India share price return in the past 10 years?

Data is not available for this company

Is Polycab India a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Polycab India Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

Polycab India Ltd - Stock Valuation and Financial Performance

Name: Polycab India
Brand: Polycab India

BSE: 542652 | NSE: POLYCAB | Cable | Mid Cap

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Polycab India Share Price

₹6,406 -109.60 -1.68%
as on 21-Nov'24 16:00

10 Year X-Ray of Polycab India:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	16.3%	16.3%	15.7%	22%	27.9%	29.8%	23.5%	21.7%	28.7%	32.9%	-
Value Creation Index ⓘ	0.5	0.5	0.4	1.0	1.0	1.2	1.1	0.9	1.6	1.9	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	4,708	5,187	5,500	6,770	7,986	8,830	8,792	12,204	14,108	18,039	20,129
Sales YoY Gr.	-	10.2%	6%	23.1%	18%	10.6%	-0.4%	38.8%	15.6%	27.9%	-
Adj EPS ⓘ	11.4	14.9	15	23.6	34.1	50.6	53.4	55	83.4	115.8	119.3
YoY Gr.	-	31.6%	0.6%	56.9%	44.4%	48.5%	5.6%	2.9%	51.8%	38.9%	-
BVPS (₹) ⓘ	114.9	126.5	141.2	166.3	200.6	255.9	316.8	368.6	441.1	540.3	571.4
Adj Net Profit ⓘ	160	211	212	333	481	753	796	821	1,249	1,740	1,795
Cash Flow from Ops. ⓘ	150	190	296	362	1,230	244	1,252	512	1,428	1,296	-
Debt/CF from Ops. ⓘ	3.6	4.2	2.9	2.2	0.2	0.6	0.2	0.2	0.1	0.1	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	16.1%	17.7%	27.1%	27.9%
Adj EPS ⓘ	29.4%	27.7%	29.4%	38.9%
BVPSⓘ	18.8%	21.9%	19.5%	22.5%
Share Price	-	46.5%	37%	20.6%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	9.9	12.4	11.2	15.3	18.5	22.5	18.5	16	20.5	23.5	21.5
Op. Profit Mgn % ⓘ	9.4	10	8.7	10.8	12.1	13.2	12.6	10.3	13.1	13.9	12.7
Net Profit Mgn % ⓘ	3.4	4.1	3.9	4.9	6	8.6	9.1	6.8	8.9	9.8	8.9
Debt to Equity ⓘ	0.3	0.5	0.4	0.3	0.1	0	0.1	0	0	0	0
Working Cap Days ⓘ	0	158	177	165	157	160	163	121	120	121	75
Cash Conv. Cycle ⓘ	0	60	67	86	106	109	112	83	79	79	41

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 21.50%

Sales growth is growing at healthy rate in last 3 years 27.07%

Net Profit is growing at healthy rate in last 3 years 29.42%

Sales growth is good in last 4 quarters at 24.33%

No data to display

Latest Financials - Polycab India Ltd.

	Standalone	Consolidated
TTM EPS (₹)	115.4	119.3
TTM Sales (₹ Cr.)	19,913	20,129
BVPS (₹.) ⓘ	567.6	571.4
Reserves (₹ Cr.) ⓘ	8,386	8,444
P/BV ⓘ	11.48	11.40
PE ⓘ	56.46	54.60

From the Market
52 Week Low / High (₹)	3812.35 / 7607.15
All Time Low / High (₹)	525.05 / 7607.15
Market Cap (₹ Cr.)	97,993
Equity (₹ Cr.)	150.4
Face Value (₹)	10
Industry PE ⓘ	52.7

Management X-Ray of Polycab India:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of Polycab India

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Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Polycab India

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	4,708	5,187	5,500	6,770	7,986	8,830	8,792	12,204	14,108	18,039
Operating Expenses ⓘ	4,268	4,701	5,020	6,041	7,033	7,695	7,686	10,954	12,259	15,548
Manufacturing Costs	340	458	413	455	634	879	622	772	902	1,368
Material Costs	3,488	3,722	4,045	4,911	5,620	5,877	6,260	9,153	10,122	12,618
Employee Cost	162	206	229	259	300	366	354	407	457	610
Other Costs ⓘ	278	315	333	416	479	573	450	622	778	952
Operating Profit ⓘ	440	486	480	729	953	1,135	1,106	1,250	1,849	2,492
Operating Profit Margin (%)	9.3%	9.4%	8.7%	10.8%	11.9%	12.9%	12.6%	10.2%	13.1%	13.8%
Other Income ⓘ	11	12	75	64	64	93	124	105	136	221
Interest ⓘ	108	116	66	94	117	50	43	35	60	108
Depreciation ⓘ	98	111	128	133	141	161	176	202	209	245
Exceptional Items ⓘ	0	0	0	0	0	0	0	0	0	0
Profit Before Tax ⓘ	245	271	361	567	756	1,010	1,012	1,116	1,707	2,359
Tax ⓘ	85	83	128	208	256	244	170	271	424	556
Profit After Tax	160	188	233	359	500	766	842	845	1,283	1,803
PAT Margin (%)	3.4%	3.6%	4.2%	5.3%	6.3%	8.7%	9.6%	6.9%	9.1%	10.0%
Adjusted EPS (₹)	11.4	13.3	16.5	25.4	35.4	51.0	59.2	60.8	84.9	118.8
Dividend Payout Ratio (%)	13%	13%	6%	4%	8%	14%	17%	23%	24%	25%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	1,622	1,786	1,994	2,348	2,832	3,810	4,725	5,509	6,606	8,117
Share Capital ⓘ	141	141	141	141	141	149	149	149	150	150
Reserves ⓘ	1,481	1,644	1,852	2,206	2,691	3,661	4,576	5,359	6,456	7,967
Minority Interest	0	3	3	4	8	15	19	25	37	56
Debt	546	796	821	728	192	122	193	80	70	85
Long Term Debt	0	101	162	159	89	11	104	3	4	23
Short Term Debt	546	695	659	569	103	111	89	77	66	62
Trade Payables	963	1,057	1,354	922	1,520	1,354	1,348	1,218	2,033	2,863
Others Liabilities ⓘ	182	210	381	447	1,076	660	730	581	678	945
Total Liabilities ⓘ	3,312	3,852	4,553	4,448	5,628	5,961	7,015	7,412	9,424	12,066
Fixed Assets
Gross Block	1,221	1,096	1,367	1,568	1,786	2,066	2,699	2,669	3,247	3,668
Accumulated Depreciation	396	111	238	370	510	644	829	993	1,180	1,407
Net Fixed Assetsⓘ	825	985	1,128	1,197	1,276	1,422	1,870	1,675	2,067	2,261
CWIP ⓘ	177	138	165	136	193	241	99	375	251	578
Investmentsⓘ	0	0	33	32	29	65	635	773	1,350	1,822
Inventories	904	980	1,520	1,366	1,996	1,925	1,988	2,200	2,951	3,675
Trade Receivables	1,085	1,349	1,173	1,291	1,334	1,434	1,436	1,296	1,247	2,047
Cash Equivalents	27	51	30	11	317	281	531	407	695	402
Others Assetsⓘ	294	348	503	416	484	592	456	685	863	1,279
Total Assets ⓘ	3,312	3,852	4,553	4,448	5,628	5,961	7,015	7,412	9,424	12,066

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	150	190	296	362	1,230	244	1,252	512	1,428	1,296
PBT ⓘ	245	271	361	567	756	1,010	1,065	1,211	1,707	2,359
Adjustment ⓘ	241	250	210	277	350	158	168	132	182	320
Changes in Working Capital ⓘ	-276	-213	-173	-342	305	-622	260	-497	-92	-809
Tax Paid ⓘ	-60	-119	-102	-140	-181	-301	-241	-334	-370	-574
Cash Flow From Investing Activity ⓘ	-173	-254	-290	-188	-408	-262	-1,012	-427	-1,203	-752
Capex	-203	-246	-278	-183	-281	-289	-191	-520	-458	-858
Net Investments	0	-11	11	6	-136	2	-807	-76	-767	62
Others ⓘ	30	3	-23	-10	9	25	-14	169	22	44
Cash Flow From Financing Activityⓘ	15	77	-10	-190	-651	11	-175	-201	-227	-387
Net Proceeds from Shares ⓘ	0	3	0	0	4	400	0	0	0	0
Net Proceeds from Borrowing ⓘ	134	217	100	34	-70	-124	-83	-14	0	21
Interest Paid ⓘ	-103	-117	-67	-94	-78	-43	-46	-31	-51	-106
Dividend Paid ⓘ	-17	-26	0	-17	-3	-179	0	-149	-209	-300
Others ⓘ	0	0	-43	-113	-504	-42	-45	-6	33	-2
Net Cash Flow ⓘ	-8	12	-3	-15	171	-7	66	-116	-2	157

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	9.89	11.03	12.32	16.52	19.32	23.06	19.73	16.52	21.18	24.49
ROCE (%)	16.32	16.29	15.72	22.03	27.85	29.79	23.45	21.66	28.65	32.93
Asset Turnover Ratio	1.54	1.6	1.44	1.54	1.59	1.52	1.36	1.69	1.68	1.68
PAT to CFO Conversion(x)	0.94	1.01	1.27	1.01	2.46	0.32	1.49	0.61	1.11	0.72
Working Capital Days
Receivable Days	77	78	76	65	60	57	60	41	33	33
Inventory Days	65	60	75	76	77	81	81	63	67	67
Payable Days	101	99	109	67	38	39	36	25	25	26

Polycab India Ltd Stock News

Polycab India Ltd FAQs

What is the share price of Polycab India?

Company share prices are keep on changing according to the market conditions. The closing price of Polycab India on 21-Nov-2024 16:00 is ₹6,406.

What is the market cap of Polycab India?

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 21-Nov-2024 16:00 the market cap of Polycab India stood at ₹97,992.7.

What is the P/E ratio of Polycab India?

The latest P/E ratio of Polycab India as of 21-Nov-2024 16:00 is 56.46.

What is the P/B ratio of Polycab India?

The latest P/B ratio of Polycab India as of 21-Nov-2024 16:00 is 11.48.

What is the 52-week high and low of Polycab India?

The 52-week high of Polycab India is ₹7,607.2 and the 52-week low is ₹3,812.4.

What is the TTM revenue of Polycab India?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Polycab India is ₹19,913 ( Cr.) .

About Polycab India Ltd

The company was incorporated as ‘Polycab Wires Private Limited’ on January 10, 1996 at Mumbai as a private limited company under the Companies Act, 1956. The company became a deemed public limited company under Section 43A (1) of the Companies Act, 1956, and the word ‘private’ was struck off from the name of company with effect from June 30, 2000. Thereafter, the company was converted into a private limited company under section 43A(2A) of the Companies Act, 1956, and the word ‘private’ was added in the name of company with effect from June 15, 2001. Subsequently, the company was converted into a public limited company, the word ‘private’ was struck off from the name of company and consequently, a fresh certificate of incorporation dated August 29, 2018 was issued by the Registrar of Companies, National Capital Territory of Delhi and Haryana (RoC), recording the change of company’s name to ‘Polycab Wires Limited’. Thereafter, the name of company was changed from ‘Polycab Wires Limited’ to ‘Polycab India Limited’, and a fresh certificate of incorporation dated October 13, 2018 was issued by the RoC.

It is the largest manufacturer in the wires and cables industry in India, in terms of revenue from the wires and cables segment and provide one of the most extensive range of wires and cables in India.

Business area of the company

Polycab India is engaged in the business of manufacturing and selling wires and cables and fast moving electrical goods (FMEG) under the ‘POLYCAB’ brand. Apart from wires and cables, it manufactures and sells FMEG such as electric fans, LED lighting and luminaires, switches and switchgears, solar products and conduits and accessories.

Products:

Cable and wires
Fans
Lighting and Luminaries
Switches
Solar products
Switchgears
Conduits and Accessories
Pumps
Appliances
EPC

Awards and Recognition:

2018: National Best Employer Brand, 2018 - Employer Branding Institute - India.
2017: Superbrands 2017 by the Superbrands India Private Limited.
2015: 29th Annual Chapter Convention on Quality Concepts - CCQC - 2015, Gold Trophy.
2015: 29th Annual Chapter Convention on Quality Concepts - CCQC - 2015, Silver Award.
2015: 29th Annual Chapter Convention on Quality Concepts - CCQC, Excellence Award.
2014: 28th Annual Chapter Convention on Quality Concepts - CCQC -2014, Gold Trophy.
2014: 28th Annual Chapter Convention on Quality Concepts - CCQC - 2014, Silver Trophy.
2014: 28th National Convention on Quality Concepts - NCQC - 2013, Par Excellence Award.
2014: 28th National Convention on Quality Concepts - NCQC, Excellence Award.
2018: Polycab honoured with ACETECH Grand Stand Awards for stall design in Delhi in Dec 2018.
2019: Polycab honoured with ACETECH Grand Stand Special Jury Recognition for stall design in Mumbai in 2019.

Major Events & Milestones:

1996: The company was incorporated on January 10, 1996 at Mumbai.
1998: The company set up a manufacturing facility for PVC insulated power cables house wires, polyethylene insulated jelly filled telephone cables, optical fibre cables, switch board cables and quad cables at Daman.
2008: The turnover of company increased from over Rs 10,000 million in Fiscal 2006 to over Rs 21,000 million in Fiscal 2008.
2009: Investment from IFC in Company of Rs 4,017.50 million.
2011 Polycab Industries Private Limited was amalgamated into company pursuant to a scheme of amalgamation.
2011: The turnover of company increased to over Rs 31,000 million.
2013: The company entered into the switch and switchgears segment.
2014: The company entered into the fans and LED lighting segment.
2014: The company set up manufacturing facilities for MCBs at Nashik, Maharashtra.
2016: The company set up manufacturing facilities for ceiling fans at Roorkee, Uttarakhand.
2016: The company entered into an agreement with Trafigura Pte. Limited to form a joint venture, Ryker Base Private Limited for setting up a copper rod manufacturing plant.
2016: The company set up a modernized facility for manufacture of higher voltage cables up to 220 kV at Halol, Gujarat.
2017: The company entered into an agreement with former promoters of Techno Electromech Private Limited in respect of acquisition of a joint venture, Techno Electromech Private Limited for manufacturing LED lighting products.
2019: Polycab India inaugurates Polycab Experience Centre in Pune.
2019: Polycab India inks agreement with Adfactors PR
2020: Polycab India has incorporated a wholly owned subsidiary (WOS) company named Polycab USA LLC with effect from January 27, 2020.
2020: Polycab India launches Experience Centre & Branch Office in Kerala.
2020: Polycab India has incorporated a Wholly Owned Subsidiary in Australia under the name and style of ‘Polycab Australia’ on July 1, 2020.