May 25, 2024
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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.

 

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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.

 

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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.

 

“DISCLAIMER: This article is only for educational and knowledge purposes Before taking any decision plz once consult with your financial advisor or do your own research. The website would not be responsible for any financial gain as well as for losses. I am not SEBI registered.

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