Polycab India Limited full analysis 2023

Polycab India Limited is an Indian multinational company that manufactures and sells electrical and power distribution products. The company was founded in 1963 and is headquartered in Mumbai, India. Polycab India Ltd produces wires and cables, fans, Switches, LED lights and Luminaries, Solar Inverters, Pumps., and switchgear. Polycab India Ltd company is in several countries worldwide, including India, the Middle East, Africa, and South Asia.

 

 

   

Polycab India Limited is a leading manufacturer of wires and cables in India with a market share of over 24%. The Polycab company has a strong backward integration strategy and has 25 manufacturing facilities at seven locations, with 4 of them specifically producing FMEG products. Additionally, Polycab has a wide distribution network with over 3500+ dealers and distributors and a reach of over 125,000 retail outlets across India.

 

Polycab India Ltd financial reports:

   According to the Polycab India company’s financial reports, in FY20, 84% of the revenue came from wires and cables, and 9% came from FMEG (Fast Moving Electrical Goods) products. This indicates a significant increase in the proportion of revenue from FMEG products compared to FY16 when only 3.8% of revenue came from FMEG products and 91.3% came from wires and cables.

 Polycab India Ltd has reported that FMEG revenue has grown at a compound annual growth rate (CAGR) of 47% during the period of FY15-FY20. This shows strong growth in the company’s FMEG business and a diversification of revenue streams.

 

Polycab India’s share price

   The current stock price of Polycab India Ltd is ₹ 2,664. The 52-week high and low for the stock are ₹ 3,025 and ₹ 2,044 respectively. The market capitalization of the company is ₹ 39,968 crore. The stock P/E ratio is 35.6, and the book value of the stock is ₹ 390. The dividend yield is 0.53% and the return on capital employed (ROCE) is 22.5%, while the return on equity (ROE) is 17.3%. The face value of the stock is ₹ 10.0. However, it is important to note that these figures are subject to change based on market conditions and the company’s performance.

Quarterly Results:

Quarter	Sales (in Rs)	Expenses (in Rs)	Operating Profit (in Rs)	OPM %	Other Income (in Rs)	Interest (in Rs)	Depreciation (in Rs)	Profit before Tax (in Rs)	Tax %	Net Profit (in Rs)	EPS in Rs
Jun 2021	1,855	1,723	132	7	25	10	49	98	23	75	4.96
Sep 2021	3,007	2,714	293	10	30	5	51	267	25	201	13.26
Dec 2021	3,372	3,010	362	11	90	8	51	392	19	316	21.05
Mar 2022	3,970	3,494	476	12	17	13	50	430	24	325	21.56
Jun 2022	2,737	2,427	310	11	44	8	51	295	24	223	14.69
Sep 2022	3,332	2,906	427	13	-2	14	52	358	25	270	17.89

 

This table shows the sales, expenses, and profit figures for a company over several quarters, starting in June 2021 and ending in September 2022. It includes information on operating profit, operating profit margin, other income, interest, depreciation, profit before tax, tax percentage, net profit, and earnings per share. Overall, the company appears to have increased sales and profit over the quarters, with the highest net profit in December 2021, and the lowest net profit in June 2022.

Profit & Loss:

Year	Sales	Expenses	Operating Profit	OPM %	Other Income	Interest	Depreciation	Profit Before Tax	Tax %	Net Profit	EPS in Rs	Dividend Payout %
Mar 2018	6,770	6,041	729	11%	65	94	133	567	37%	359	25.35	0%
Mar 2019	7,986	7,035	950	12%	64	117	141	756	34%	500	35.39	8%
Mar 2020	8,830	7,701	1,129	13%	91	50	161	1,010	24%	766	50.97	14%
Mar 2021	8,792	7,681	1,111	13%	164	43	176	1,056	16%	886	59.15	17%
Mar 2022	12,204	10,940	1,264	10%	161	35	202	1,188	23%	917	60.80	23%
TTM	13,411	11,837	1,574	12%	149	43	205	1,476		1,134	75.19

This table shows the financial performance of a company over several years, starting in March 2018 and ending in September 2022. The first table shows financial results like sales, expenses, operating profit, operating profit margin (OPM), other income, interest, depreciation, profit before tax, tax percentage, net profit and earnings per share (EPS), and dividend payout percentage. The company appears to have steady increase in sales, operating profit, and net profit over the years.

Balance Sheet:

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Sep 2022
Share Capital	71	141	141	141	141	141	149	149	149	150
Reserves	1412	1489	1642	1853	2206	2706	3688	4604	5394	5684
Borrowings	458	546	796	856	800	272	157	282	118	112
Other Liabilities	823	1138	1296	1729	1300	2509	1967	1979	1751	2133
Total Liabilities	2763	3314	3875	4579	4448	5628	5961	7015	7412	8078
Fixed Assets	750	822	985	1128	1197	1276	1422	1870	1675	1663
CWIP	116	179	138	165	136	193	241	99	375	452
Investments	0	0	0	33	32	29	65	635	773	1287
Other Assets	1897	2312	2752	3253	3083	4130	4232	4411	4588	4676
Total Assets	2763	3314	3875	4579	4448	5628	5961	7015	7412	8078

 

This table shows the balance sheet of the company, including information on share capital, reserves, borrowings, other liabilities, fixed assets, capital work in progress, investments, other assets, and total assets. The company’s total liabilities and assets are similar over the years, but it has seen an increase in reserves, fixed assets, and investments over the years.

 

Shareholding Pattern:

	Dec 2019	Mar 2020	Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022
Promoters	68.60	68.58	68.55	68.53	68.44	68.42	68.40	68.36	68.15	68.08	67.99	67.97
FIIs	4.64	4.89	4.51	6.12	6.97	6.38	6.51	6.89	6.43	5.75	5.71	6.44
DIIs	13.39	13.23	12.92	12.20	10.29	9.91	8.80	8.78	8.66	9.18	9.03	10.35
Public	13.36	13.30	14.02	13.14	14.30	15.29	16.29	15.97	16.77	16.98	17.27	15.24

 

This table shows the ownership of a company’s shares by different groups of investors. The groups listed are promoters, Foreign Institutional Investors (FIIs), Domestic Institutional Investors (DIIs), and the public. Promoters are the individuals or entities who own the majority of the company’s shares and control its management. FIIs are foreign investors who own shares in the company. DIIs are domestic institutional investors who own shares in the company. The public is individuals and other entities who own shares in the company.

The table shows that the percentage of shares owned by each group of investors varies over time, with the promoters consistently owning the largest percentage of shares, followed by DIIs, Public, and then FIIs. The percentage of shares owned by the Public and DIIs is seen to increase over time.

 

Which country brand is Polycab?

Polycab India Limited is an Indian multinational company that manufactures and sells electrical and power distribution products. The company was founded in 1963 and is headquartered in Mumbai, India.

 

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