Polycab India Ltd

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

Polycab India Ltd

₹ 5,363 0.40%
05 Dec 10:34 a.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

Business Segments[1]
1 Wires and Cables (W&C): company manufactures wires and cables for retail and industrial use, catering to a diverse customer base across a wide range of industries.
2 FMEG: commenced in FY14, is a high-growth segment. It features a growing product
mix across different price points that caters to the complete spectrum of customers .
3 Others: Mainly EPC business.

Website BSE NSE
  • Market Cap ₹ 80,509 Cr.
  • Current Price ₹ 5,363
  • High / Low ₹ 5,494 / 2,500
  • Stock P/E 50.1
  • Book Value ₹ 480
  • Dividend Yield 0.37 %
  • ROCE 27.0 %
  • ROE 20.0 %
  • Face Value ₹ 10.0
Edit ratios

Pros

  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 21.2%
  • Debtor days have improved from 43.5 to 32.2 days.

Cons

  • Stock is trading at 11.1 times its book value

* 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

Edit Columns
Loading peers table ...

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023
2,114 2,746 2,943 1,855 3,007 3,372 3,970 2,737 3,332 3,715 4,324 3,889 4,218
1,801 2,396 2,539 1,723 2,714 3,010 3,494 2,427 2,906 3,212 3,721 3,341 3,609
Operating Profit 312 350 404 132 293 362 476 310 427 503 603 549 609
OPM % 15% 13% 14% 7% 10% 11% 12% 11% 13% 14% 14% 14% 14%
33 52 36 25 30 90 17 44 -2 40 52 64 35
Interest 11 7 13 10 5 8 13 8 14 9 28 25 27
Depreciation 46 45 46 49 51 51 50 51 52 52 53 57 60
Profit before tax 288 350 381 98 267 392 430 295 358 481 573 530 557
Tax % 23% 25% 26% 23% 25% 19% 24% 24% 24% 25% 25% 24% 23%
222 264 283 75 201 316 325 223 271 361 428 403 430
EPS in Rs 14.80 17.61 18.87 4.96 13.26 21.05 21.56 14.69 17.91 23.89 28.36 26.67 28.37
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
3,986 4,707 5,202 5,500 6,770 7,986 8,830 8,792 12,204 14,108 16,146
3,687 4,266 4,710 5,020 6,041 7,035 7,701 7,681 10,940 12,265 13,882
Operating Profit 299 442 492 480 729 950 1,129 1,111 1,264 1,843 2,264
OPM % 8% 9% 9% 9% 11% 12% 13% 13% 10% 13% 14%
8 5 32 75 65 64 91 164 161 133 191
Interest 94 108 147 66 94 117 50 43 35 60 89
Depreciation 71 98 111 128 133 141 161 176 202 209 223
Profit before tax 142 241 265 361 567 756 1,010 1,056 1,188 1,707 2,142
Tax % 37% 32% 30% 36% 37% 34% 24% 16% 23% 25%
89 164 185 233 359 500 766 886 917 1,282 1,622
EPS in Rs 12.65 11.64 13.09 16.48 25.35 35.39 50.97 59.15 60.80 84.80 107.29
Dividend Payout % 8% 9% 13% 6% 0% 8% 14% 17% 23% 24%
Compounded Sales Growth
10 Years: %
5 Years: 16%
3 Years: 17%
TTM: 20%
Compounded Profit Growth
10 Years: %
5 Years: 28%
3 Years: 18%
TTM: 52%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 75%
1 Year: 100%
Return on Equity
10 Years: %
5 Years: 20%
3 Years: 19%
Last Year: 20%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 71 141 141 141 141 141 149 149 149 150 150
Reserves 1,412 1,489 1,642 1,853 2,206 2,706 3,688 4,605 5,394 6,481 7,045
458 546 796 856 800 272 157 282 118 191 213
823 1,138 1,296 1,729 1,300 2,509 1,967 1,978 1,750 2,602 2,492
Total Liabilities 2,763 3,314 3,875 4,579 4,448 5,628 5,961 7,015 7,412 9,424 9,900
750 822 985 1,128 1,197 1,276 1,422 1,870 1,675 2,067 2,106
CWIP 116 179 138 165 136 193 241 99 375 251 367
Investments 0 0 0 33 32 29 65 635 773 1,350 1,279
1,897 2,312 2,752 3,253 3,083 4,130 4,232 4,411 4,588 5,756 6,148
Total Assets 2,763 3,314 3,875 4,579 4,448 5,628 5,961 7,015 7,412 9,424 9,900

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
310 150 221 296 362 1,230 244 1,252 512 1,428
-109 -173 -247 -295 -188 -408 -262 -1,012 -427 -1,203
-196 15 45 -10 -190 -651 11 -175 -201 -227
Net Cash Flow 4 -8 20 -8 -15 171 -7 66 -116 -2

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 88 84 95 80 70 61 59 60 39 32
Inventory Days 70 95 94 134 128 116 113 86 104
Days Payable 77 101 101 120 97 82 77 48 72
Cash Conversion Cycle 81 78 88 94 70 91 94 96 77 65
Working Capital Days 92 86 94 96 88 50 76 73 69 62
ROCE % 17% 17% 16% 22% 28% 29% 24% 21% 27%

Shareholding Pattern

Numbers in percentages

7 Recently
Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
68.44% 68.42% 68.40% 68.36% 68.15% 68.08% 67.99% 67.97% 66.61% 66.21% 65.99% 65.91%
6.97% 6.38% 6.51% 6.89% 6.43% 5.75% 5.71% 6.44% 8.12% 9.78% 9.66% 12.41%
10.29% 9.91% 8.80% 8.78% 8.66% 9.18% 9.03% 10.35% 10.10% 9.34% 9.75% 8.08%
14.30% 15.29% 16.29% 15.97% 16.77% 16.98% 17.27% 15.24% 15.16% 14.67% 14.61% 13.58%
No. of Shareholders 1,30,1061,36,3081,73,7432,60,2733,03,9123,23,6973,29,4743,26,7743,24,5313,14,1073,09,2293,17,468

* 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.

Documents

Announcements

Annual reports

DRHP

Credit ratings

Concalls