Polycab India Ltd 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 India Ltd. An average target of ₹7457.07
Source: S&P Global Market Intelligence
Polycab India Ltd Share analysis
Polycab India Ltd price forecast by 28 analysts
Downside of
High
₹9000
Target
₹7457.07
Low
₹4750
Polycab India Ltd target price ₹7457.07, a slight downside of -0.49% compared to current price of ₹7178.25. According to 28 analysts rating.
Excluding Excise Duty and Other Income, represents Net Revenue
Polycab India Ltd revenue growth forecast
Expected growth rate Q1, FY2026:43.08%
Forecast
Actual
Including amortisation and stock based compensations
Polycab India Ltd EPS growth forecast
EPS estimate Q1, FY2026:34.55%
Forecast
Actual
Source: S&P Global Market Intelligence
Polycab India Ltd Performance
Day's Low
Day's High
₹7,150.1Day's Price Range₹7,593.552 Week's Low
52 Week's High
₹3,80152-Week Price Range₹7,605
| Returns % | |
| 1 Month Return | + 16.93 % |
| 3 Month Return | + 13.38 % |
| 1 Year Return | + 33.35 % |
| Market Stats | |
| Previous Close | ₹7,493.50 |
| Open | ₹7,510.00 |
| Volume | 3.41L |
| Upper Circuit | - |
| Lower Circuit | - |
| Market Cap | ₹1,11,511.36Cr |
Polycab India Ltd Key Statistics
| P/E Ratio | 62.72 |
| PEG Ratio | 5.16 |
| Market Cap | ₹1,11,511.36 Cr |
| P/B Ratio | 9.35 |
| EPS | 120.01 |
| Dividend Yield | 0.59 |
| Sector | Cables |
| ROE | 24 |
Polycab India Ltd Peer Comparison
Company | Analyst View | Market Cap | 5 Year CAGR | Debt to Asset Ratio | Net Profit | Yearly Revenue |
|---|---|---|---|---|---|---|
| BUY | ₹1,11,511.36 Cr | 137.15% | 0.51 | ₹1,802 Cr | ₹18,039 Cr | |
| HOLD | ₹32,710.78 Cr | 22.4% | 0.53 | ₹1,136 Cr | ₹4,853 Cr | |
| HOLD | ₹97,749.04 Cr | 101.76% | 0.52 | ₹1,720 Cr | ₹9,000 Cr | |
| HOLD | ₹83,517.29 Cr | 89.86% | 0.71 | ₹282 Cr | ₹23,892 Cr | |
| HOLD | ₹1,62,261.42 Cr | 96.58% | 0.51 | NA | NA |
About Polycab India Ltd
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: ₹7178.25 per share as on 20 Dec, 2024 04:01 PM
Market Capitalisation: ₹1,11,511.36Cr 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 India Ltd |
| Headquarters | Mumbai |
| Industry | Cables |
| E-voting on shares | Click here to vote |
Key events for Polycab India Ltd
Polycab India Maintains Strong Growth Outlook - 13 Dec, 2024
Prabhudas Lilladher maintains a BUY rating for Polycab India, projecting a revenue/EBITDA/PAT CAGR of 17.5%/17.1%/15.5% from FY24-27E, driven by healthy demand in cables and wires.Motilal Oswal Recommends Buy on Polycab India - 02 Dec, 2024
Motilal Oswal Financial Services has a buy rating on Polycab India with a target price of Rs 8,340. The company shows strong growth in total income and net profit, driven by its leadership in the cables and wires segment. Despite potential margin moderation, Polycab is expected to maintain premium valuations and generate significant free cash flows over the coming years.Polycab India Shares Rise, Boosting Market Cap - 27 Nov, 2024
Polycab India Limited's shares increased by 2.58%, resulting in a market capitalization boost of Rs 2,664 crore, now totaling Rs 1,06,029.86 crore. The stock's strong performance is attributed to robust demand in the electrical and cables segment.Polycab India Shares Rise, Market Cap Gains ₹1,770 Crore - 22 Nov, 2024
Polycab India Limited's shares increased by 1.84%, closing at ₹6,526.40, resulting in a market cap gain of ₹1,770 crore. Positive investor sentiment in the cables and electricals segment supports its strong performance.Polycab India Shares Rise, Market Cap Increases - 19 Nov, 2024
Polycab India Limited's shares rose by 2.07% to Rs 6,578.00, resulting in a market cap increase of Rs 2,006 crore, totaling Rs 98,928.36 crore. The company continues to gain momentum in the cables and electricals sector.Polycab India Shares Rise, Boosting Market Cap - 18 Nov, 2024
Polycab India Limited's shares increased by 2.42%, closing at Rs 6,454.30, adding Rs 2,287 crore to its market cap, now at Rs 97,068 crore. The company remains a leader in the cables and electricals sector.
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 IMPACTMF 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
- POSITIVE IMPACT
Revenue 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
Price Rise
In the last 1 month, POLYCAB stock has moved up by 13.8%
NO EFFECTAgainst Peers
In the last 3 years, Blue Star Ltd has given 304.9% return, outperforming this stock by 80.1%
- NO EFFECT
Against Peers
In the last 1 year, Blue Star Ltd has given 115.0% return, outperforming this stock by 82.8%
NEGATIVE IMPACTPromoter Holding Down
Promoters have decreased holdings from 65.02% to 63.06% in Sep 2024 quarter
- NEGATIVE IMPACT
Retail Holding Down
Retail Investor have decreased holdings from 14.42% to 14.10% 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
PSU banks & financiers to benefit from govt capex; bullish on 6 IT stocks: Chakri Lokapriya
The QSR space has slowed down for various reasons. One is the general consumer slowdown, which has impacted the same store sales growth for these companies.16 Dec, 2024 08:30 AMJubilant FoodWorks up 3% on clarification of parent's acquisition in HCCH
Jubilant FoodWorks shares gained 2.8 per cent in trade and logged an intraday high of Rs 715.15 per share on BSE. The companys stock moved after it clarified that Jubilant FoodWorks has no part in its parent Jubilant Bhartia Groups 40 per cent acquisition in Hindustan CocaCola Holdings Private Limited, India. Around 1:53 PM, Jubilant FoodWorks share price up 2.32 per cent at Rs 687.25 per share on BSE. In comparison, the BSE Sensex was up 0.89 per cent at 82,010.70. The market capitalisation of the company stood at Rs 45,347.86 crore. The 52-week high of the stock was at Rs 715.15 per share and the 52-week low was at Rs 420.85 per share. Jubilant FoodWorks in its filing also said that the parent will acquire stakes through its entity Jubilant Beverages Limited.13 Dec, 2024 02:20 PMJubilant FoodWorks shares trade in green after issuing clarification; here is all you need to know
The stock gained as much as 1.69% to ₹683.10 on the BSE after the company issued a clarification around the development that the Jubilant Bhartia Group will acquire a 40% equity interest in Hindustan CocaCola Holdings Private Limited, India (HCCH), through its entity Jubilant Beverages Limited. In the previous session, the stock dropped up to 4% following the news. Jubilant FoodWorks said that since the company is not part of the proposed acquisition announcement, hence, no disclosure is required to be made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Listing Regulations).13 Dec, 2024 11:22 AMPolycab India Ltd Financials
Index Inclusions
Polycab India Ltd 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 India Ltd Key Indicators
Polycab India Ltd Valuation
Polycab India Ltd in the last 5 years
Lowest (12.26x)
May 22, 2020
Today (62.72x)
December 19, 2024
Industry (66.31x)
December 19, 2024
Highest (63.12x)
December 16, 2024
Polycab India Ltd 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 0.70%.
Read More about Dividends
Polycab India Ltd Technicals Summary
Bearish
Neutral
Bullish
Polycab India Ltd is currently in a Bearish trading position according to technical analysis indicators.
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Polycab India Ltd (POLYCAB) share price today is ₹7178.25
Polycab India Ltd is listed on NSE
Polycab India Ltd is listed on BSE
- Today’s highest price of Polycab India Ltd is ₹7593.5.
- Today’s lowest price of Polycab India Ltd is ₹7150.1.
PE Ratio of Polycab India Ltd is 62.72
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 3.41L.
Today’s market capitalisation of Polycab India Ltd(POLYCAB) is ₹111511.36Cr.
| Polycab India Ltd(POLYCAB | Price |
|---|---|
52 Week High | ₹7605 |
52 Week Low | ₹3801 |
Polycab India Ltd(POLYCAB) share price is ₹7178.25. It is down -5.61% from its 52 Week High price of ₹7605
Polycab India Ltd(POLYCAB) share price is ₹7178.25. It is up 88.85% from its 52 Week Low price of ₹3801
| Polycab India Ltd(POLYCAB | Returns |
|---|---|
1 Day Returns | -315.25% |
1 Month Returns | 16.93% |
3 Month Returns | 13.38% |
1 Year Returns | 33.35% |