Polycab India Ltd - Company Overview| moneymultiple.in
- Polycab is a leading manufacturer of cables and wires, along with other products such as uPVC conduits, lugs, glands, fans, switches, switchgear, LED lights, luminaries, solar inverters, and pumps.
Business Segments:
1. Wires and Cables (W&C): Manufacturing wires and cables for retail and industrial use.
2. FMEG (Fast Moving Electrical Goods): High-growth segment with a diverse product mix across different price points.
3. Others: Mainly EPC (Engineering, Procurement, and Construction) business.
- Financial Highlights:
- Market Cap: ₹59,672 Cr.
- Current Price: ₹3,974
- High / Low (52 Weeks): ₹5,733 / ₹2,651
- Stock P/E (Price to Earnings) Ratio: 37.1
- Book Value: ₹480
- Dividend Yield: 0.49%
- ROCE (Return on Capital Employed): 27.0%
- ROE (Return on Equity): 20.0%
- Face Value: ₹10.0
Peer Comparison:
- Among peers in the Cables industry, Polycab India seems to have a strong market position with a competitive P/E ratio, market capitalization, and financial performance.
Quarterly Results (Sep 2023):
- Sales: ₹4,218 Cr.
- Operating Profit Margin (OPM): 14%
- Net Profit: ₹403 Cr.
- Earnings Per Share (EPS): ₹26.67
Financial Performance (TTM):
- Sales: ₹16,146 Cr.
- Operating Profit Margin (OPM): 14%
- Net Profit: ₹1,622 Cr.
- EPS: ₹107.29
Compounded Annual Growth Rates (CAGR):
- Sales Growth (TTM): 20%
- Profit Growth (TTM): 52%
- Stock Price CAGR (1 Year): 45%
- Return on Equity (Last Year): 20%
Balance Sheet (Sep 2023):
- Equity Capital: ₹150 Cr.
- Reserves: ₹7,045 Cr.
- Borrowings: ₹213 Cr.
- Total Liabilities: ₹9,900 Cr.
- Fixed Assets: ₹2,106 Cr.
- Investments: ₹1,279 Cr.
Ratios (Mar 2014 - Mar 2023):
- Debtor Days: Improved from 88 to 32 days.
- ROCE: Varied over the years, currently at 27%.
Overall Impression:
Polycab India appears to be a well-established company with a strong presence in the cables industry and a diversified product portfolio. The financials suggest positive trends in sales and profitability, with a focus on reducing debt. The company's entry into the FMEG segment indicates a strategic move towards high-growth markets. Investors should keep an eye on the upcoming results and monitor key financial indicators.