1. Is Polycab India Ltd a good quality company?
Past 10 year's financial track record analysis by Moneyworks4me indicates that Polycab India Ltd is a good quality company.
2. Is Polycab India Ltd undervalued or overvalued?
The key valuation ratios of Polycab India Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.
3. Is Polycab India Ltd a good buy now?
The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Polycab India Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
Value Creation ⓘ
Value Creation Index Colour Code Guide ⓘ
|ROCE % ⓘ||0%||0%||10.9%||12.3%||9.5%||13.3%||17.9%||22.8%||18.3%||15.9%||-|
|Value Creation Index ⓘ||NA||NA||-0.0||0.1||-0.2||0.2||0.3||0.7||0.6||0.4||-|
Growth Parameters ⓘ
Growth Parameters Colour Code Guide ⓘ
|YoY Gr. Rt. %||-||NA||NA||10.2%||6%||23.1%||18%||10.6%||-0.4%||38.8%||-|
|Adj EPS ⓘ||0||0||11.4||14.9||15||23.6||34.1||52.4||53.5||55||75.1|
|YoY Gr. Rt. %||-||NA||NA||31.6%||0.6%||57.2%||44.2%||54%||2.1%||2.7%||-|
|BVPS (₹) ⓘ||0||0||0||0||0||0||0||255.9||316.8||368.6||389.7|
|Adj Net Profit ⓘ||0||0||160||211||212||334||481||780||798||821||1,124|
|Cash Flow from Ops. ⓘ||0||0||150||190||296||362||1,230||244||1,252||512||-|
|Debt/CF from Ops. ⓘ||0||0||3.6||4.2||2.9||2.2||0.2||0.6||0.2||0.2||-|
CAGR Colour Code Guide ⓘ
|9 Years||5 Years||3 Years||1 Years|
|Adj EPS ⓘ||NA||29.6%||17.3%||2.7%|
Key Financial Parameters ⓘ
Performance Ratio Colour Code Guide ⓘ
|Return on Equity % ⓘ||0||0||9.9||12.4||11.2||15.4||18.5||23.4||18.6||16||19.8|
|Op. Profit Mgn % ⓘ||0||0||9.4||10||8.7||10.8||12.1||13.2||12.6||10.3||11.8|
|Net Profit Mgn % ⓘ||0||0||3.4||4.1||3.9||4.9||6.1||9||9.1||6.8||8.4|
|Debt to Equity ⓘ||0||0||0.3||0.5||0.4||0.3||0.1||0||0.1||0||0|
|Working Cap Days ⓘ||0||0||0||158||177||165||157||160||163||121||156|
|Cash Conv. Cycle ⓘ||0||0||0||60||67||86||106||109||112||83||99|
Return on Equity has increased versus last 3 years average to 19.80%
Sales growth is growing at healthy rate in last 3 years 15.19%
Net Profit is growing at healthy rate in last 3 years 17.30%
Sales growth is good in last 4 quarters at 29.01%
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|TTM EPS (₹)||76.1||75.1|
|TTM Sales (₹ Cr.)||13,227||13,411|
|BVPS (₹.) ⓘ||387.8||389.7|
|Reserves (₹ Cr.) ⓘ||5,654||5,684|
|From the Market|
|52 Week Low / High (₹)||2045.00 / 2853.50|
|All Time Low / High (₹)||525.05 / 2853.50|
|Market Cap (₹ Cr.)||38,171|
|Equity (₹ Cr.)||149.7|
|Face Value (₹)||10|
|Industry PE ⓘ||28.9|
The company was incorporated as ‘Polycab Wires Private Limited’ on January 10, 1996 at Mumbai as a private limited company under the Companies Act, 1956. The company became a deemed public limited company under Section 43A (1) of the Companies Act, 1956, and the word ‘private’ was struck off from the name of company with effect from June 30, 2000. Thereafter, the company was converted into a private limited company under section 43A(2A) of the Companies Act, 1956, and the word ‘private’ was added in the name of company with effect from June 15, 2001. Subsequently, the company was converted into a public limited company, the word ‘private’ was struck off from the name of company and consequently, a fresh certificate of incorporation dated August 29, 2018 was issued by the Registrar of Companies, National Capital Territory of Delhi and Haryana (RoC), recording the change of company’s name to ‘Polycab Wires Limited’. Thereafter, the name of company was changed from ‘Polycab Wires Limited’ to ‘Polycab India Limited’, and a fresh certificate of incorporation dated October 13, 2018 was issued by the RoC.
It is the largest manufacturer in the wires and cables industry in India, in terms of revenue from the wires and cables segment and provide one of the most extensive range of wires and cables in India.
Business area of the company
Polycab India is engaged in the business of manufacturing and selling wires and cables and fast moving electrical goods (FMEG) under the ‘POLYCAB’ brand. Apart from wires and cables, it manufactures and sells FMEG such as electric fans, LED lighting and luminaires, switches and switchgears, solar products and conduits and accessories.
Awards and Recognition:
Major Events & Milestones: