Polycab India Ltd.

NSE: POLYCAB BSE: 542652 SECTOR: Cable  119k   1k   295

2510.85
-170.35 (-6.35%)
NSE: 21 Jan 03:59 PM

Price Summary

Today's High

₹ 2698

Today's Low

₹ 2486.1

52 Week High

₹ 2771.75

52 Week Low

₹ 1126.1

FinStar

Ownership Stable
Ownership strength is slightly missing the benchmark.
ValuationExpensive
The stock is at a premium valuation at this point.
EfficiencyExcellent
The company knows very well the utilization of its assets.
FinancialsVery Stable
The company possesses stable growth history and manageable debt.
*It is just an analytical rating of the company and not an investment advice.

Company Essentials

Market Cap

37510.32 Cr.

Enterprise Value

37114.3 Cr.

No. of Shares

14.94 Cr.

P/E

48.09

P/B

7.74

Face Value

₹ 10

Div. Yield

0.4 %

Book Value (TTM)

₹  324.22

CASH

487.89 Cr.

DEBT

91.87 Cr.

Promoter Holding

68.15 %

EPS (TTM)

₹  52.21

Sales Growth

-0.8%

ROE

19.58 %

ROCE

23.6%

Profit Growth

9.25 %

* Total debt includes long term borrowing, short term borrowing plus current maturities of long-term borrowing
* Ratios are based on latest Audited Financial Result.

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Price Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

 

Volume Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

* Prices are based on daily market changes.
* The chart is based on the standalone earnings of the company. * Negative values and values more than 1000x in PE chart is considered 0.

Peer Comparison

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* The Peers list includes companies operating in the same industry and having comparable market cap.

 Group Companies

Track the companies of Group.

Ratios

Sales Growth

1 Year-0.8%
3 Year8.93%
5 Year10.99%

Profit Growth

1 Year9.25%
3 Year32.38%
5 Year34.38%

ROE%

1 Year19.58%
3 Year20.61%
5 Year18.13%

ROCE %

1 Year23.6%
3 Year27.06%
5 Year23.79%

Debt/Equity

0.0196

Price to Cash Flow

32.32

Interest Cover Ratio

25.2068672032682

CFO/PAT (5 Yr. Avg.)

1.21212288294558

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Dec 2021 68.15 0
Sep 2021 68.36 0
Jun 2021 68.4 0
Mar 2021 68.42 0
Dec 2020 68.44 0
Investors List
* Figures given above are % of equity capital

 Strengths

  • The company has shown a good profit growth of 32.375333851001% for the Past 3 years.
  • The company has significantly decreased its debt by 53.687 Cr.
  • Company has been maintaining healthy ROE of 20.6096215941791% over the past 3 years.
  • Company has been maintaining healthy ROCE of 27.0619914671647% over the past 3 years.
  • Company is virtually debt free.
  • Company has a healthy Interest coverage ratio of 25.2068672032682.
  • Company has a healthy liquidity position with current ratio of 2.45960094407055.
  • The company has a good cash flow management; CFO/PAT stands at 1.21212288294558.
  • The company has a high promoter holding of 68.36%.

 Limitations

  • The company has shown a poor revenue growth of 8.93214431608396% for the Past 3 years.

Quarterly Result (All Figures in Cr.)

PARTICULARS Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021
Net Sales 2747.24 2901.94 1839.65 2990.22 3341.45
Total Expenditure 2399.38 2511.76 1710.95 2700.98 2985.79
Operating Profit 347.85 390.19 128.7 289.24 355.66
Other Income 32.69 22.7 26.28 25.73 21.35
Interest 6.15 12.79 9.38 4.57 7.45
Depreciation 44.42 45.42 48.67 49.46 49.89
Exceptional Items 0 0 0 0 124.33
Profit Before Tax 329.98 354.69 96.94 260.95 444
Tax 85.85 91.85 21.88 62.95 105.99
Profit After Tax 244.13 262.84 75.06 198 338.01
Adjusted EPS (Rs) 16.38 17.63 5.03 13.27 22.63

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Net Sales 5500.21 6758.69 7940.12 8806.91 8736.36
Total Expenditure 5023.05 6034.86 6991.64 7689.93 7650.62
Operating Profit 477.17 723.83 948.48 1116.99 1085.74
Other Income 75.1 67.13 63.95 93.46 124.85
Interest 65.22 92.17 115.77 47.9 41.12
Depreciation 127.42 131.97 140.07 159.09 174.01
Exceptional Items 0 0 0 0 0
Profit Before Tax 359.62 566.82 756.59 1003.46 995.46
Tax 127.52 208.43 255.15 242.5 164.13
Net Profit 232.1 358.39 501.44 760.95 831.33
Adjusted EPS (Rs.) 16.44 25.38 35.51 51.11 55.75

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Equity and Liabilities
Share Capital 141.21 141.21 141.21 148.88 149.12
Total Reserves 1852.82 2206.62 2707.74 3691.41 4558.11
Borrowings 153.58 151.77 78.58 2.99 0
Other N/C liabilities 94.2 82.95 64.67 89.94 101.59
Current liabilities 2292.95 1840.99 2603.22 1994.98 1918.08
Total Liabilities 4534.75 4423.53 5595.42 5928.21 6726.89
Assets
Net Block 1112.56 1179.94 1255.01 1395.08 1580.66
Capital WIP 164.88 135.4 185.87 240.97 98.47
Intangible WIP 0 0 0 0 0
Investments 37 38.6 42.69 46.19 73.85
Loans & Advances 143.37 148.72 198.3 218.46 199.3
Other N/C Assets 2.31 6.43 6.33 2.27 56.92
Current Assets 3074.64 2914.44 3907.22 4025.24 4717.7
Total Assets 4534.75 4423.53 5595.42 5928.21 6726.89
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Profit from operations 359.62 566.82 756.59 1003.46 995.46
Adjustment 208.09 271.78 345.19 146.77 155.82
Changes in Assets & Liabilities -184.41 -347.3 303.37 -616.75 246.83
Tax Paid -100.17 -139.3 -181.19 -299.54 -237.54
Operating Cash Flow 283.14 352 1223.96 233.93 1160.57
Investing Cash Flow -268.67 -178 -395.67 -257.14 -1037.64
Financing Cash Flow -19.07 -188.64 -657.3 15.51 -95.56
Net Cash Flow -4.6 -14.64 170.99 -7.7 27.37

Corporate Actions

Investors Details

PARTICULARS Dec 2020% Mar 2021% Jun 2021% Sep 2021% Dec 2021%
Promoters 68.44 68.42 68.40 68.36 68.15
inder t jaisinghani 14.38 14.37 14.37 13.02 12.99
ajay t jaisinghani 14.23 13.02 13.01 13.01 12.96
ramesh t jaisingha... 12.61 12.61 12.60 12.53 12.38
girdhari thakurdas... 14.24 12.23 12.23 12.22 10.17
kunal inder jaisin... 3.90 3.90 3.90 3.90 3.90
nikhil ramesh jais... 3.67 3.67 3.67 3.67 3.65
bharat jaisinghani 3.67 3.67 3.67 3.67 3.66
girdhari thakurdas... - 0.67 0.67 0.67 1.34
girdhari thakurdas... - 0.67 0.67 0.67 1.34
girdhari thakurdas... - 0.67 0.67 0.67 1.34
inder thakurdas ja... - - - - 0.67
inder thakurdas ja... - - - - 0.67
ramesh t jaisingha... 0.61 0.61 0.61 0.67 0.67
ramesh t jaisingha... - 0.67 0.67 0.67 0.67
inder thakurdas ja... - - - 0.67 -
inder thakurdas ja... - - - 0.67 -
ramesh t jaisingha... 0.67 - - - -
ajay t jaisinghani... - 0.40 0.40 0.40 0.40
ajay t jaisinghani... - 0.40 0.40 0.40 0.40
ajay t jaisinghani... - 0.40 0.40 0.40 0.40
ramesh t jaisingha... 0.34 0.34 0.34 0.34 0.33
rita hariram haria... 0.12 0.12 0.12 0.12 0.12
deepika sehgal - - - - 0.07
mrinalini ramesh j... - - - - 0.02
PARTICULARS Dec 2020% Mar 2021% Jun 2021% Sep 2021% Dec 2021%
Investors 31.56 31.58 31.60 31.64 31.85
international fina... 5.57 2.54 - - -
qualified institut... 1.54 - 4.16 - -
anil hariram haria... 3.27 3.27 3.26 3.25 3.25
ramakrishnan ramam... 1.21 1.17 1.09 1.09 1.09
dsp equity & bond ... - - 1.42 1.43 1.49
canara robeco mutu... - 1.15 1.43 1.32 -
t. rowe price inte... 1.23 1.19 1.19 1.19 -
canara robeco mutu... - - - - 1.14
swedbank robur glo... 1.09 - - - -
tata balanced adva... - 1.06 - - -
canara robeco mutu... 1.04 - - - -

Annual Reports

Ratings & Research Reports

Company Presentations

Company News

Polycab India informs about earnings conference call22 Jan 2022, 3:33PM Polycab India informs about outcome of board meeting21 Jan 2022, 4:09PM Polycab India acquires additional 9% stake in Dowells Cable Accessories30 Dec 2021, 2:28PM Polycab India informs about analyst meet20 Dec 2021, 12:36PM Polycab India informs about allotment of equity shares 22 Nov 2021, 1:03PM Polycab India offloads stake in Ryker Base19 Nov 2021, 11:28AM Polycab India informs about analyst meet18 Nov 2021, 10:19AM Polycab India incorporates subsidiary company in India11 Nov 2021, 3:41PM Polycab India informs about disclosure of related party transactions11 Nov 2021, 10:01AM Polycab India informs about analyst meet9 Nov 2021, 12:08PM Polycab India informs about press release3 Nov 2021, 4:20PM Polycab India signs agreement with Renuka Investments and Finance3 Nov 2021, 3:52PM Polycab India submits audio recording of earnings conference call26 Oct 2021, 11:05AM Polycab India - Quaterly Results22 Oct 2021, 1:53PM Polycab India informs about board meeting14 Oct 2021, 2:10PM Polycab India informs about allotment under ESOP7 Oct 2021, 4:01PM Polycab India informs about analyst meet27 Sep 2021, 10:37AM Polycab India informs about analyst meet23 Sep 2021, 3:01PM Polycab India informs about allotment of equity shares under ESOS21 Sep 2021, 2:58PM Polycab India informs about analyst meet 15 Sep 2021, 3:49PM Polycab India informs about analyst meeting3 Sep 2021, 10:46AM Polycab India informs about transcript of the earnings call29 Jul 2021, 10:57AM Polycab India reports 37% fall in Q1 consolidated net profit22 Jul 2021, 3:33PM Polycab India informs about corporate presentation21 Jul 2021, 3:42PM Polycab India informs about un-audited financial statements21 Jul 2021, 3:27PM Polycab India informs about board meeting14 Jul 2021, 3:04PM Polycab India informs about analyst meet23 Jun 2021, 3:42PM Polycab India informs about analysts meet22 Jun 2021, 12:04PM Polycab India signs agreement to acquire stake in Silvan Innovation Labs18 Jun 2021, 4:06PM Polycab India informs about analysts meeting18 Jun 2021, 9:55AM Polycab India informs about analyst meet 15 Jun 2021, 1:40PM Polycab India informs about transcript of earnings call10 Jun 2021, 4:41PM Polycab India informs about postponement of earnings conference call14 May 2021, 9:47AM Polycab India informs about an earnings call6 May 2021, 10:25AM Polycab India incorporates wholly owned subsidiary25 Mar 2021, 2:42PM Polycab India informs about virtual calls24 Mar 2021, 10:57AM Polycab India incorporates WOS Company15 Mar 2021, 11:19AM Polycab India informs about analyst meet11 Mar 2021, 2:43PM Polycab India informs about analyst call4 Mar 2021, 10:37AM Polycab India informs about resignation of CS cum CO23 Jan 2021, 3:33PM Polycab India informs about press release23 Jan 2021, 3:05PM Polycab India informs about earnings call presentation23 Jan 2021, 3:03PM Polycab India informs about closure of trading window31 Dec 2020, 10:52AM Polycab India informs about virtual call22 Dec 2020, 11:09AM Polycab India informs about analyst meet30 Nov 2020, 4:06PM Polycab India informs about allotment of equity shares under ESOP27 Nov 2020, 4:50PM Polycab India informs about analyst meet24 Nov 2020, 3:37PM Polycab India launches Purocoat Antivirus Fans12 Nov 2020, 10:18AM Polycab India reports 15% fall in Q2 consolidated net profit26 Oct 2020, 10:55AM Polycab India informs about compliance certificate13 Oct 2020, 4:45PM

Polycab India Stock Price Analysis and Quick Research Report. Is Polycab India an attractive stock to invest in?

 

Stock investing requires careful analysis of financial data to find out the company's true net worth. This is generally done by examining the company's profit and loss account, balance sheet and cash flow statement. This can be time-consuming and cumbersome. An easier way to find out about a company's performance is to look at its financial ratios, which can help to make sense of the overwhelming amount of information that can be found in a company's financial statements.

Here are the few indispensable tools that should be a part of every investor’s research process.

  • PE ratio: - Price to Earnings' ratio, which indicates for every rupee of earnings how much an investor is willing to pay for a share. A general rule of thumb is that shares trading at a LOW P/E are undervalued (it depends on other factors too). Polycab India has a PE ratio of 48.0886907258551 which is high and comparatively overvalued .

  • Return on Assets (ROA): - Return on Assets measures how effectively a company can earn a return on its investment in assets. In other words, ROA shows how efficiently a company can convert the money used to purchase assets into net income or profits. Polycab India has ROA of 13.1382573496241 % which is a bad sign for future performance. (higher values are always desirable)

  • Current ratio: - The current ratio measures a company's ability to pay its short-term liabilities with its short-term assets. A higher current ratio is desirable so that the company could be stable to unexpected bumps in business and economy. Polycab India has a Current ratio of 2.45960094407055 .

  • Return on equity: - ROE measures the ability of a firm to generate profits from its shareholders investments in the company. In other words, the return on equity ratio shows how much profit each rupee of common stockholders’ equity generates. Polycab India has a ROE of 19.5803530389493 % .(higher is better)

  • Debt to equity ratio: - It is a good metric to check out the capital structure along with its performance. Polycab India has a D/E ratio of 0.0196 which means that the company has low proportion of debt in its capital.

  • Inventory turnover ratio: - Inventory Turnover ratio is an activity ratio and is a tool to evaluate the liquidity of a company's inventory. It measures how many times a company has sold and replaced its inventory during a certain period of time. Polycab India has an Inventory turnover ratio of 4.52954842750405 which shows that the management is inefficient in relation to its Inventory and working capital management.

  • Sales growth: - Polycab India has reported revenue growth of -0.801097864700395 % which is poor in relation to its growth and performance.

  • Operating Margin: - This will tell you about the operational efficiency of the company. The operating margin of Polycab India for the current financial year is 12.4278275098948 %.

  • Dividend Yield: - It tells us how much dividend we will receive in relation to the price of the stock. The current year dividend for Polycab India is Rs 10 and the yield is 0.396 %.

Brief about Polycab India

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