Polycab Analyst Rating
based on 28 analysts
65.52%
Buy
17.24%
Hold
17.24%
Sell
Based on 28 analysts offering long term price targets for Polycab. An average target of ₹7527.79
Source: S&P Global Market Intelligence
Polycab Share analysis
Polycab price forecast by 28 analysts
Upside of11.03%
High
₹9220
Target
₹7527.79
Low
₹4750
Polycab target price ₹7527.79, a slight upside of 11.03% compared to current price of ₹6779.7. According to 28 analysts rating.
Excluding Excise Duty and Other Income, represents Net Revenue
Polycab revenue growth forecast
Expected growth rate Q1, FY2027:67.96%
Forecast
Actual
Including amortisation and stock based compensations
Polycab EPS growth forecast
EPS estimate Q1, FY2027:61.26%
Forecast
Actual
Source: S&P Global Market Intelligence
Polycab Performance
Day's Low
Day's High
₹6,592Day's Price Range₹6,82452 Week's Low
52 Week's High
₹3,995.452-Week Price Range₹7,605
| Returns % | |
| 1 Month Return | -8.55 % |
| 3 Month Return | -4.78 % |
| 1 Year Return | + 52.83 % |
| Market Stats | |
| Previous Close | ₹6,665.35 |
| Open | ₹6,592.00 |
| Volume | 3.58L |
| Upper Circuit | - |
| Lower Circuit | - |
| Market Cap | ₹1,00,259.97Cr |
Polycab Key Statistics
| P/E Ratio | 56.75 |
| PEG Ratio | 4.67 |
| Market Cap | ₹1,00,259.97 Cr |
| P/B Ratio | 9.35 |
| EPS | 120.01 |
| Dividend Yield | 0.59 |
| Sector | Cables |
| ROE | 24 |
Polycab Peer Comparison
Company | Analyst View | Market Cap | 5 Year CAGR | Debt to Asset Ratio | Net Profit | Yearly Revenue |
|---|---|---|---|---|---|---|
| BUY | ₹1,00,259.97 Cr | 100.09% | 0.51 | ₹1,802 Cr | ₹18,039 Cr | |
| HOLD | ₹32,978.17 Cr | 21.82% | 0.53 | ₹1,136 Cr | ₹4,853 Cr | |
| HOLD | ₹81,079.61 Cr | 80.5% | 0.52 | ₹1,720 Cr | ₹9,000 Cr | |
| HOLD | ₹73,328.77 Cr | 75.25% | 0.71 | ₹282 Cr | ₹23,892 Cr | |
| HOLD | ₹1,33,677.10 Cr | 81.15% | 0.51 | NA | NA |
About Polycab
Polycab operates primarily in India but has extended its reach to over 40 countries across Asia, Africa, the Middle East, Europe, and America. The company markets its diverse product range under several sub-brands, including Polycab Green for eco-friendly products and Polycab Telecom for networking solutions. A notable fact about Polycab is its status as one of India's largest manufacturers of cables and wires, with a robust presence in the domestic and international markets. Polycab operates independently without a parent company and has focused on organic growth and innovation rather than mergers and acquisitions.
Share Price: ₹6779.70 per share as on 17 Jan, 2025 04:01 PM
Market Capitalisation: ₹1,00,259.97Cr as of today
Revenue: ₹5,498.42Cr as on September 2024 (Q3 24)
Net Profit: ₹445.21Cr as on September 2024 (Q3 24)
Listing date: 16 Apr, 2019
Chairperson Name: Inder Thakurdas Jaisinghani
| Organisation | Polycab |
| Headquarters | Mumbai |
| Industry | Cables |
| E-voting on shares | Click here to vote |
Key events for Polycab India Ltd
Polycab India Positioned for Growth Amid Strong Demand - 18 Jan, 2025
Polycab India Ltd is set to benefit from strong demand in power T&D and private capex. The company is expanding its Gujarat EHV plant and has secured significant contracts under the BharatNet initiative. With a focus on HVDC, deep-sea cables, and EV charging, Polycab projects a 15% earnings CAGR over FY24-27.Polycab Shows Recovery Signs with Strong Technical Setup - 10 Jan, 2025
Polycab is trading near gap support at ₹6,645, indicating early recovery signs. With a target of ₹7,025 and a stop-loss at ₹6,500, the stock's strong technical setup and robust volumes make it an attractive buy.Polycab India Target Price Set at Rs 5,020 - 03 Jan, 2025
Sharekhan Research has issued a BUY recommendation for Polycab India, setting a target price of Rs 5,020. The company shows strong growth in the wires and cables market, with a focus on premium products and operational efficiency. Polycab's Q2FY25 revenue reached Rs 4,385 crore, reflecting a 15% year-on-year growth. The stock is near its 52-week high, indicating positive investor sentiment and strong buying momentum.Polycab India Receives Positive Rating and Growth Outlook - 01 Jan, 2025
Mirae Asset Sharekhan maintains a Buy rating on Polycab India with a target price of Rs 8,300, citing strong demand in the Wires and Cables segment and robust growth projections. The company plans significant investments for capacity expansion and aims to exceed its FY2026 targets by FY2025.Polycab India Stock Ends Year Strongly - 31 Dec, 2024
Polycab India Ltd's stock closed higher, gaining 33.29% year-to-date. Analysts remain bullish, with multiple price targets exceeding Rs 8,000 for 2025.Polycab Launches Electrical Safety Initiative - 24 Dec, 2024
Polycab India Ltd has launched the 'Infra Safety: Powering India's Electrical Future' initiative in collaboration with CNBC-TV18, emphasizing the importance of electrical safety across industries.Polycab India Reports Strong Growth and Optimistic Outlook - 23 Dec, 2024
Polycab India Ltd's H1FY25 revenue surged 26% to ₹10,200 crore, ahead of its FY26 target. Despite challenges in its FMEG segment, overall growth remains strong, supported by ongoing capex and stable copper prices. Shares are up over 40% this financial year, with positive projections for RoE and RoIC by FY27.
Insights on Polycab India Ltd
Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.
POSITIVE IMPACTRevenue Rich
Revenue is up for the last 2 quarters, 4.75K Cr → 5.57K Cr (in ₹), with an average increase of 14.7% per quarter
- POSITIVE IMPACT
MF Holding Up
Mutual Funds have increased holdings from 5.26% to 7.68% in Sep 2024 quarter
- POSITIVE IMPACT
Profit Spike
Netprofit is up for the last 2 quarters, 395.95 Cr → 439.81 Cr (in ₹), with an average increase of 10.0% per quarter
NO EFFECTAgainst Peers
In the last 3 years, Apar Industries Ltd has given 1184.2% return, outperforming this stock by 1052.1%
- NO EFFECT
Against Peers
In the last 1 year, Apar Industries Ltd has given 91.3% return, outperforming this stock by 42.4%
NEGATIVE IMPACTPrice Dip
In the last 7 days, POLYCAB stock has moved down by -12.7%
- NEGATIVE IMPACT
Retail Holding Down
Retail Investor have decreased holdings from 14.42% to 14.10% in Sep 2024 quarter
- NEGATIVE IMPACT
Promoter Holding Down
Promoters have decreased holdings from 65.02% to 63.06% in Sep 2024 quarter
- NEGATIVE IMPACT
FII Holding Down
Foreign Institutions have decreased holdings from 13.62% to 13.48% in Sep 2024 quarter
News
Cables and Wires Sector in Focus: Polycab & KEI Industries Growth Potential
Polycabs Cables & Wires segment is set to benefit from the strong demand expected from power Transmission & Distribution (T&D), growth in private capex and real estate sector. Polycab is expanding its Gujarat EHV plant by FY26-end, aligned with Indias ₹9.2t power transmission push. It also secured ₹56.5b BharatNet initiative Phase-III contracts for initial period of 3 years. FMEG seg saw strong festive growth, while strategic changes will further support future expansion. Polycab aims to grow in HVDC, deep-sea cables by FY27E, and is expanding presence in EV charging space. We project 15% earnings CAGR over FY24-27.18 Jan, 2025 10:00 AMShares to Buy: Short-Term Recommendations from Mehta Equities
Polycab Buy | CMP: ₹6,662 | SL: ₹6,500 | Target: ₹7,025. Polycab is trading near its gap support of ₹6,645 and showing early signs of recovery. The immediate resistance at ₹7,000 serves as the potential target. A strict stop-loss at ₹6,500 is advised for risk management. The stocks strong technical setup and robust volumes make it an attractive buy at current levels.10 Jan, 2025 12:46 PMPolycab Financials
Index Inclusions
Polycab Shareholding Pattern
| Investors | Holdings % | FY Quarter | 3M change |
|---|---|---|---|
| Promoter Holdings | 63.06% | ||
| Foreign Institutions | 13.48% | ||
| Mutual Funds | 7.68% | 45.88 | |
| Retail Investors | 14.1% | ||
| Others | 1.68% | 0.56 |
Polycab Key Indicators
Polycab Valuation
Polycab in the last 5 years
Lowest (12.26x)
May 22, 2020
Today (56.75x)
January 17, 2025
Industry (60.17x)
January 17, 2025
Highest (63.12x)
December 16, 2024
Polycab Earnings and Dividends
Polycab India Ltd Earnings Results
Polycab India Ltd’s net profit jumped 3.35% since last year same period to ₹439.81Cr in the Q2 2024-2025. On a quarterly growth basis, Polycab India Ltd has generated 11.08% jump in its net profits since last 3-months.
Read More about Earnings ResultsPolycab India Ltd Dividends May,2024
In the quarter ending March 2024, Polycab India Ltd has declared dividend of ₹30 - translating a dividend yield of 0.74%.
Read More about Dividends
Polycab Technicals Summary
Bearish
Neutral
Bullish
Polycab India Ltd is currently in a Bearish trading position according to technical analysis indicators.
FAQs on Polycab India Ltd
Polycab India Ltd share price today stands at ₹6779.7, Open. ₹6592 ; Previous Close. ₹6665.35 ; High. ₹6824 ; Low. ₹6592 ; 52 Week High. ₹7605 ; 52 Week Low: ₹3995.4.
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Polycab India Ltd is listed on NSE
Polycab India Ltd is listed on BSE
- Today’s highest price of Polycab India Ltd is ₹6824.
- Today’s lowest price of Polycab India Ltd is ₹6592.
PE Ratio of Polycab India Ltd is 56.75
PE ratio = Polycab India Ltd Market price per share / Polycab India Ltd Earnings per share
Today’s traded volume of Polycab India Ltd(POLYCAB) is 3.58L.
Today’s market capitalisation of Polycab India Ltd(POLYCAB) is ₹100259.97Cr.
| Polycab India Ltd(POLYCAB | Price |
|---|---|
52 Week High | ₹7605 |
52 Week Low | ₹3995.4 |
Polycab India Ltd(POLYCAB) share price is ₹6779.7. It is down -10.85% from its 52 Week High price of ₹7605
Polycab India Ltd(POLYCAB) share price is ₹6779.7. It is up 69.69% from its 52 Week Low price of ₹3995.4
| Polycab India Ltd(POLYCAB | Returns |
|---|---|
1 Day Returns | 114.35% |
1 Month Returns | -8.55% |
3 Month Returns | -4.78% |
1 Year Returns | 52.83% |