Polycab India Ltd

Polycab India Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Polycab India Ltd

₹ 2,859 2.16%
29 Mar 4:01 p.m.
polycab.com BSE: 542652 NSE : POLYCAB
About

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.

Key Points

Leadership [1]
Polycab has 25 manufacturing facilities at seven locations. 4 of the 25 facilities manufacture FMEG products. Comprehensive backward integration remains a key priority for the company.
Polycab is a manufacturer of wires and cables in India with a market share of over 24%.
It has a network of 3500+ dealers and distributors and a reach over 125,000 retail outlets.

Website BSE NSE
  • Market Cap ₹ 42,780 Cr.
  • Current Price ₹ 2,859
  • High / Low ₹ 3,143 / 2,044
  • Stock P/E 36.9
  • Book Value ₹ 388
  • Dividend Yield 0.49 %
  • ROCE 21.3 %
  • ROE 16.1 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 18.0%
  • Debtor days have improved from 52.8 to 39.0 days.

Cons

  • Stock is trading at 7.38 times its book value
  • Promoter holding has decreased over last quarter: -1.36%

* 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

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
2,503 2,124 992 2,095 2,747 2,902 1,840 2,990 3,341 3,927 2,699 3,260 3,665
2,171 1,826 936 1,798 2,399 2,512 1,711 2,701 2,986 3,460 2,397 2,846 3,170
Operating Profit 332 298 56 297 348 390 129 289 356 466 302 414 495
OPM % 13% 14% 6% 14% 13% 13% 7% 10% 11% 12% 11% 13% 14%
1 47 34 30 33 23 26 26 146 17 44 -2 40
Interest 8 15 13 9 6 13 9 5 7 12 8 13 8
Depreciation 40 42 42 42 44 45 49 49 50 49 49 51 51
Profit before tax 285 287 35 276 330 355 97 261 444 423 289 348 476
Tax % 24% 24% -221% 23% 26% 26% 23% 24% 24% 24% 24% 25% 25%
Net Profit 216 219 112 212 244 263 75 198 338 320 218 263 358
EPS in Rs 14.52 14.72 7.54 14.23 16.38 17.63 5.03 13.27 22.63 21.43 14.60 17.56 23.89
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
3,833 4,697 5,203 5,500 6,759 7,940 8,807 8,736 12,098 13,551
3,554 4,263 4,709 5,023 6,035 6,992 7,689 7,645 10,857 11,874
Operating Profit 279 434 494 477 724 948 1,118 1,091 1,241 1,677
OPM % 7% 9% 9% 9% 11% 12% 13% 12% 10% 12%
8 5 32 75 67 64 92 120 214 99
Interest 90 108 147 65 92 116 48 41 33 42
Depreciation 63 97 111 127 132 140 159 174 197 199
Profit before tax 133 234 267 360 567 757 1,003 995 1,225 1,536
Tax % 36% 33% 30% 35% 37% 34% 24% 16% 24%
Net Profit 85 157 186 232 358 501 761 831 931 1,159
EPS in Rs 12.10 11.13 13.21 16.45 25.38 35.51 51.10 55.75 62.32 77.48
Dividend Payout % 8% 9% 13% 6% 4% 8% 14% 18% 22%
Compounded Sales Growth
10 Years: %
5 Years: 17%
3 Years: 15%
TTM: 22%
Compounded Profit Growth
10 Years: %
5 Years: 29%
3 Years: 18%
TTM: 49%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 57%
1 Year: 22%
Return on Equity
10 Years: %
5 Years: 19%
3 Years: 19%
Last Year: 16%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
71 141 141 141 141 141 149 149 149 150
Reserves 1,294 1,484 1,638 1,853 2,207 2,708 3,691 4,558 5,371 5,654
445 545 794 844 789 258 146 125 111 99
762 1,154 1,305 1,722 1,287 2,488 1,942 1,894 1,676 2,030
Total Liabilities 2,572 3,325 3,878 4,561 4,424 5,595 5,928 6,727 7,307 7,933
693 822 984 1,113 1,180 1,255 1,395 1,581 1,619 1,607
CWIP 113 179 132 165 135 186 241 98 374 452
Investments 13 2 4 37 39 43 86 697 813 1,329
1,753 2,322 2,758 3,246 3,070 4,112 4,206 4,351 4,500 4,545
Total Assets 2,572 3,325 3,878 4,561 4,424 5,595 5,928 6,727 7,307 7,933

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
207 221 283 352 1,224 234 1,175 461
-176 -251 -269 -178 -396 -257 -1,038 -360
-37 41 -19 -189 -657 16 -110 -185
Net Cash Flow -6 10 -5 -15 171 -8 27 -84

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 79 84 95 80 70 62 60 60 39
Inventory Days 70 95 94 134 97 127 115 111 84
Days Payable 75 103 102 119 66 97 81 75 46
Cash Conversion Cycle 74 76 86 94 101 92 93 97 77
Working Capital Days 82 90 96 95 88 50 76 75 70
ROCE % 17% 18% 16% 22% 28% 29% 23% 21%

Shareholding Pattern

Numbers in percentages

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
68.58 68.55 68.53 68.44 68.42 68.40 68.36 68.15 68.08 67.99 67.97 66.61
4.89 4.51 6.12 6.97 6.38 6.51 6.89 6.43 5.75 5.71 6.44 8.12
13.23 12.92 12.20 10.29 9.91 8.80 8.78 8.66 9.18 9.03 10.35 10.10
13.30 14.02 13.14 14.30 15.29 16.29 15.97 16.77 16.98 17.27 15.24 15.16

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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