Polycab India Ltd: Intrinsic Value & Share Price Analysis

Share Price and Basic Stock Data

Last Updated: June 13, 2025, 5:43 am

Market Cap	91,023 Cr.
Current Price	6,050
High / Low	7,607/4,555
Stock P/E	47.1
Book Value	653
Dividend Yield	0.58 %
ROCE	29.7 %
ROE	21.4 %
Face Value	10.0
PEG Ratio	3.01

Stock P/E, Current Price, and Intrinsic Value Over Time

Stock P/E Current Price Intrinsic Value

View Share Price Target for Polycab India Ltd

Competitors of Polycab India Ltd

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
Motherson Sumi Wiring India Ltd	27,190 Cr.	61.3	80.0/46.1	44.9	3.84	1.39 %	42.5 %	35.9 %	1.00
Hindusthan Urban Infrastructure Ltd	247 Cr.	1,709	3,550/1,651		2,339	0.00 %	6.80 %	10.6 %	10.0
Dynamic Cables Ltd	2,143 Cr.	885	1,095/455	33.0	154	0.06 %	26.4 %	22.1 %	10.0
Cybele Industries Ltd	27.6 Cr.	25.8	61.0/18.2		44.5	0.00 %	13.5 %	22.1 %	10.0
BC Power Controls Ltd	14.6 Cr.	2.09	6.00/1.67	18.5	5.94	0.00 %	3.85 %	1.92 %	2.00
Industry Average	18,028.60 Cr	1,249.34		48.23	388.04	0.31%	18.13%	16.22%	6.77

All Competitor Stocks of Polycab India Ltd

Quarterly Result

Metric	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025
Sales	3,970	2,737	3,332	3,715	4,324	3,889	4,218	4,340	5,592	4,698	5,498	5,226	6,986
Expenses	3,494	2,427	2,906	3,212	3,721	3,341	3,609	3,771	4,830	4,115	4,867	4,506	5,960
Operating Profit	476	310	427	503	603	549	609	570	762	583	632	720	1,025
OPM %	12%	11%	13%	14%	14%	14%	14%	13%	14%	12%	11%	14%	15%
Other Income	17	44	-2	40	52	64	35	71	54	58	76	25	48
Interest	13	8	14	9	28	25	27	32	24	41	45	50	33
Depreciation	50	51	52	52	53	57	60	62	66	67	72	79	80
Profit before tax	430	295	358	481	573	530	557	546	725	533	590	617	961
Tax %	24%	24%	24%	25%	25%	24%	23%	24%	24%	25%	25%	25%	24%
Net Profit	325	223	271	361	429	403	430	417	553	402	445	464	734
EPS in Rs	21.56	14.69	17.91	23.89	28.38	26.67	28.37	27.49	36.34	26.34	29.24	30.42	48.31

Last Updated: May 31, 2025, 8:07 am

Below is a detailed analysis of the quarterly data for Polycab India Ltd based on the most recent figures (Mar 2025) and their trends compared to the previous period:

For Sales, as of Mar 2025, the value is 6,986.00 Cr.. The value appears strong and on an upward trend. It has increased from 5,226.00 Cr. (Dec 2024) to 6,986.00 Cr., marking an increase of 1,760.00 Cr..
For Expenses, as of Mar 2025, the value is 5,960.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 4,506.00 Cr. (Dec 2024) to 5,960.00 Cr., marking an increase of 1,454.00 Cr..
For Operating Profit, as of Mar 2025, the value is 1,025.00 Cr.. The value appears strong and on an upward trend. It has increased from 720.00 Cr. (Dec 2024) to 1,025.00 Cr., marking an increase of 305.00 Cr..
For OPM %, as of Mar 2025, the value is 15.00%. The value appears strong and on an upward trend. It has increased from 14.00% (Dec 2024) to 15.00%, marking an increase of 1.00%.
For Other Income, as of Mar 2025, the value is 48.00 Cr.. The value appears strong and on an upward trend. It has increased from 25.00 Cr. (Dec 2024) to 48.00 Cr., marking an increase of 23.00 Cr..
For Interest, as of Mar 2025, the value is 33.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 50.00 Cr. (Dec 2024) to 33.00 Cr., marking a decrease of 17.00 Cr..
For Depreciation, as of Mar 2025, the value is 80.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 79.00 Cr. (Dec 2024) to 80.00 Cr., marking an increase of 1.00 Cr..
For Profit before tax, as of Mar 2025, the value is 961.00 Cr.. The value appears strong and on an upward trend. It has increased from 617.00 Cr. (Dec 2024) to 961.00 Cr., marking an increase of 344.00 Cr..
For Tax %, as of Mar 2025, the value is 24.00%. The value appears to be improving (decreasing) as expected. It has decreased from 25.00% (Dec 2024) to 24.00%, marking a decrease of 1.00%.
For Net Profit, as of Mar 2025, the value is 734.00 Cr.. The value appears strong and on an upward trend. It has increased from 464.00 Cr. (Dec 2024) to 734.00 Cr., marking an increase of 270.00 Cr..
For EPS in Rs, as of Mar 2025, the value is 48.31. The value appears strong and on an upward trend. It has increased from 30.42 (Dec 2024) to 48.31, marking an increase of 17.89.

Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: March 6, 2025, 3:12 pm

Metric	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Sales	3,986	4,707	5,202	5,500	6,770	7,986	8,830	8,792	12,204	14,108	18,039	21,014
Expenses	3,687	4,266	4,710	5,020	6,041	7,035	7,701	7,681	10,940	12,265	15,548	18,318
Operating Profit	299	442	492	480	729	950	1,129	1,111	1,264	1,843	2,492	2,696
OPM %	8%	9%	9%	9%	11%	12%	13%	13%	10%	13%	14%	13%
Other Income	8	5	32	75	65	64	91	164	161	133	221	213
Interest	94	108	147	66	94	117	50	43	35	60	108	161
Depreciation	71	98	111	128	133	141	161	176	202	209	245	283
Profit before tax	142	241	265	361	567	756	1,010	1,056	1,188	1,707	2,359	2,466
Tax %	37%	32%	30%	36%	37%	34%	24%	16%	23%	25%	24%
Net Profit	89	164	185	233	359	500	766	886	917	1,283	1,803	1,865
EPS in Rs	12.65	11.64	13.09	16.48	25.35	35.39	50.97	59.15	60.80	84.85	118.75	122.34
Dividend Payout %	8%	9%	13%	6%	0%	8%	14%	17%	23%	24%	25%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024
YoY Net Profit Growth (%)	84.27%	12.80%	25.95%	54.08%	39.28%	53.20%	15.67%	3.50%	39.91%	40.53%
Change in YoY Net Profit Growth (%)	0.00%	-71.46%	13.14%	28.13%	-14.80%	13.92%	-37.53%	-12.17%	36.41%	0.62%

Polycab India Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 10 years from 2014-2015 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:	17%
5 Years:	20%
3 Years:	22%
TTM:	24%

Compounded Profit Growth
10 Years:	28%
5 Years:	21%
3 Years:	29%
TTM:	12%

Stock Price CAGR
10 Years:	%
5 Years:	52%
3 Years:	41%
1 Year:	-14%

Return on Equity
10 Years:	20%
5 Years:	21%
3 Years:	22%
Last Year:	21%

Last Updated: Unknown

Balance Sheet

Last Updated: June 12, 2025, 2:55 pm

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	71	141	141	141	141	141	149	149	149	150	150	150
Reserves	1,412	1,489	1,642	1,853	2,206	2,706	3,688	4,605	5,394	6,487	8,037	9,675
Borrowings	458	546	796	856	800	272	157	282	118	109	161	202
Other Liabilities	823	1,138	1,296	1,729	1,300	2,509	1,967	1,978	1,750	2,678	3,718	3,721
Total Liabilities	2,763	3,314	3,875	4,579	4,448	5,628	5,961	7,015	7,412	9,424	12,066	13,749
Fixed Assets	750	822	985	1,128	1,197	1,276	1,422	1,870	1,675	2,067	2,338	3,011
CWIP	116	179	138	165	136	193	241	99	375	251	578	708
Investments	0	0	0	33	32	29	65	635	773	1,350	1,822	1,749
Other Assets	1,897	2,312	2,752	3,253	3,083	4,130	4,232	4,411	4,588	5,756	7,328	8,280
Total Assets	2,763	3,314	3,875	4,579	4,448	5,628	5,961	7,015	7,412	9,424	12,066	13,749

Below is a detailed analysis of the balance sheet data for Polycab India Ltd based on the most recent figures (Mar 2025) and their trends compared to the previous period:

For Equity Capital, as of Mar 2025, the value is 150.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded 150.00 Cr..
For Reserves, as of Mar 2025, the value is 9,675.00 Cr.. The value appears strong and on an upward trend. It has increased from 8,037.00 Cr. (Mar 2024) to 9,675.00 Cr., marking an increase of 1,638.00 Cr..
For Borrowings, as of Mar 2025, the value is 202.00 Cr.. The value appears to be increasing, which may not be favorable. Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has increased from 161.00 Cr. (Mar 2024) to 202.00 Cr., marking an increase of 41.00 Cr..
For Other Liabilities, as of Mar 2025, the value is 3,721.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 3,718.00 Cr. (Mar 2024) to 3,721.00 Cr., marking an increase of 3.00 Cr..
For Total Liabilities, as of Mar 2025, the value is 13,749.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 12,066.00 Cr. (Mar 2024) to 13,749.00 Cr., marking an increase of 1,683.00 Cr..
For Fixed Assets, as of Mar 2025, the value is 3,011.00 Cr.. The value appears strong and on an upward trend. It has increased from 2,338.00 Cr. (Mar 2024) to 3,011.00 Cr., marking an increase of 673.00 Cr..
For CWIP, as of Mar 2025, the value is 708.00 Cr.. The value appears strong and on an upward trend. It has increased from 578.00 Cr. (Mar 2024) to 708.00 Cr., marking an increase of 130.00 Cr..
For Investments, as of Mar 2025, the value is 1,749.00 Cr.. The value appears to be declining and may need further review. It has decreased from 1,822.00 Cr. (Mar 2024) to 1,749.00 Cr., marking a decrease of 73.00 Cr..
For Other Assets, as of Mar 2025, the value is 8,280.00 Cr.. The value appears strong and on an upward trend. It has increased from 7,328.00 Cr. (Mar 2024) to 8,280.00 Cr., marking an increase of 952.00 Cr..
For Total Assets, as of Mar 2025, the value is 13,749.00 Cr.. The value appears strong and on an upward trend. It has increased from 12,066.00 Cr. (Mar 2024) to 13,749.00 Cr., marking an increase of 1,683.00 Cr..

Notably, the Reserves (9,675.00 Cr.) exceed the Borrowings (202.00 Cr.), indicating a solid financial buffer.

Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.

Reserves and Borrowings Chart

No data available for this post.

Free Cash Flow

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Free Cash Flow	-159.00	-104.00	-304.00	-376.00	-71.00	678.00	-156.00	-281.00	-117.00	-108.00	-159.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	88	84	95	80	70	61	59	60	39	32	41
Inventory Days	70	95	94	134		128	116	113	86	104	105
Days Payable	77	101	101	120		97	82	77	48	72	82
Cash Conversion Cycle	81	78	88	94	70	91	94	96	77	65	65
Working Capital Days	92	86	94	96	88	50	76	73	69	60	61
ROCE %		17%	17%	16%	22%	28%	29%	24%	21%	27%	31%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Promoters	68.08%	67.99%	67.97%	66.61%	66.21%	65.99%	65.91%	65.78%	65.24%	65.02%	63.06%	63.05%
FIIs	5.75%	5.71%	6.44%	8.12%	9.78%	9.66%	12.41%	13.41%	11.96%	13.63%	13.49%	12.76%
DIIs	9.18%	9.03%	10.35%	10.10%	9.34%	9.75%	8.08%	7.61%	7.23%	6.93%	9.35%	10.66%
Public	16.98%	17.27%	15.24%	15.16%	14.67%	14.61%	13.58%	13.18%	15.58%	14.42%	14.11%	13.52%
No. of Shareholders	3,23,697	3,29,474	3,26,774	3,24,531	3,14,107	3,09,229	3,17,468	3,37,380	4,23,787	3,85,285	3,84,949	3,74,787

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
Canara Robeco Emerging Equities	848,862	2.37	447.17	848,862	2025-04-22 17:25:23	0%
Nippon India Growth Fund	602,254	1.48	317.26	602,254	2025-04-22 17:25:23	0%
HSBC Small Cap Fund - Regular Plan	436,524	1.8	229.96	436,524	2025-04-22 17:25:23	0%
DSP Mid Cap Fund	427,612	1.41	225.26	427,612	2025-04-22 17:25:23	0%
UTI Mid Cap Fund	365,033	2.04	192.3	365,033	2025-04-22 17:25:23	0%
DSP Flexi Cap Fund	349,502	1.95	184.11	349,502	2025-04-22 17:25:23	0%
Sundaram Mid Cap Fund	321,006	1.82	169.1	321,006	2025-04-22 17:25:23	0%
Sundaram Mid Cap Fund - Institutional Plan	321,006	1.82	169.1	321,006	2025-04-22 17:25:23	0%
UTI Flexi Cap Fund	273,210	0.56	143.92	273,210	2025-04-22 17:25:23	0%
DSP Equity & Bond Fund	239,991	1.5	126.42	239,991	2025-04-22 17:25:23	0%

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	10.00	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	118.93	84.87	60.87	59.20	51.16
Diluted EPS (Rs.)	118.49	84.61	60.60	58.96	50.97
Cash EPS (Rs.)	136.32	100.20	75.03	71.18	62.73
Book Value[Excl.RevalReserv]/Share (Rs.)	548.63	445.25	372.58	320.03	258.51
Book Value[Incl.RevalReserv]/Share (Rs.)	548.63	445.25	372.58	320.03	258.51
Revenue From Operations / Share (Rs.)	1200.74	941.99	816.62	589.61	593.10
PBDIT / Share (Rs.)	180.56	132.57	90.68	82.51	82.47
PBIT / Share (Rs.)	164.25	118.60	77.19	70.70	71.66
PBT / Share (Rs.)	157.04	114.61	74.84	67.84	68.34
Net Profit / Share (Rs.)	120.01	86.24	61.55	59.37	51.92
NP After MI And SOA / Share (Rs.)	118.75	84.80	60.80	59.15	50.98
PBDIT Margin (%)	15.03	14.07	11.10	13.99	13.90
PBIT Margin (%)	13.67	12.59	9.45	11.99	12.08
PBT Margin (%)	13.07	12.16	9.16	11.50	11.52
Net Profit Margin (%)	9.99	9.15	7.53	10.06	8.75
NP After MI And SOA Margin (%)	9.88	9.00	7.44	10.03	8.59
Return on Networth / Equity (%)	21.79	19.15	16.39	18.55	19.79
Return on Capital Employeed (%)	29.02	26.12	20.34	21.08	26.99
Return On Assets (%)	14.76	13.47	12.25	12.57	12.73
Long Term Debt / Equity (X)	0.00	0.00	0.00	0.02	0.00
Total Debt / Equity (X)	0.01	0.02	0.01	0.05	0.03
Asset Turnover Ratio (%)	1.68	1.68	1.69	1.38	1.52
Current Ratio (X)	2.44	2.63	2.95	2.37	2.02
Quick Ratio (X)	1.41	1.51	1.69	1.38	1.06
Inventory Turnover Ratio (X)	3.82	3.79	4.44	2.94	3.02
Dividend Payout Ratio (NP) (%)	16.80	16.49	16.41	0.00	19.60
Dividend Payout Ratio (CP) (%)	14.77	14.16	13.43	0.00	16.17
Earning Retention Ratio (%)	83.20	83.51	83.59	0.00	80.40
Cash Earning Retention Ratio (%)	85.23	85.84	86.57	0.00	83.83
Interest Coverage Ratio (X)	25.04	33.23	38.51	28.82	24.79
Interest Coverage Ratio (Post Tax) (X)	17.64	22.61	25.09	20.71	16.61
Enterprise Value (Cr.)	75857.69	42607.13	35046.60	20316.85	10901.13
EV / Net Operating Revenue (X)	4.21	3.02	2.87	2.31	1.23
EV / EBITDA (X)	27.96	21.46	25.86	16.51	8.88
MarketCap / Net Operating Revenue (X)	4.22	3.06	2.90	2.34	1.25
Retention Ratios (%)	83.19	83.50	83.58	0.00	80.39
Price / BV (X)	9.30	6.50	6.38	4.33	2.88
Price / Net Operating Revenue (X)	4.22	3.06	2.90	2.34	1.25
EarningsYield	0.02	0.02	0.02	0.04	0.06

After reviewing the key financial ratios for Polycab India Ltd, here is a detailed analysis based on the latest available data and recent trends:

For FaceValue, as of Mar 24, the value is 10.00. This value is within the healthy range. There is no change compared to the previous period (Mar 23) which recorded 10.00.
For Basic EPS (Rs.), as of Mar 24, the value is 118.93. This value is within the healthy range. It has increased from 84.87 (Mar 23) to 118.93, marking an increase of 34.06.
For Diluted EPS (Rs.), as of Mar 24, the value is 118.49. This value is within the healthy range. It has increased from 84.61 (Mar 23) to 118.49, marking an increase of 33.88.
For Cash EPS (Rs.), as of Mar 24, the value is 136.32. This value is within the healthy range. It has increased from 100.20 (Mar 23) to 136.32, marking an increase of 36.12.
For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 548.63. It has increased from 445.25 (Mar 23) to 548.63, marking an increase of 103.38.
For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 548.63. It has increased from 445.25 (Mar 23) to 548.63, marking an increase of 103.38.
For Revenue From Operations / Share (Rs.), as of Mar 24, the value is 1,200.74. It has increased from 941.99 (Mar 23) to 1,200.74, marking an increase of 258.75.
For PBDIT / Share (Rs.), as of Mar 24, the value is 180.56. This value is within the healthy range. It has increased from 132.57 (Mar 23) to 180.56, marking an increase of 47.99.
For PBIT / Share (Rs.), as of Mar 24, the value is 164.25. This value is within the healthy range. It has increased from 118.60 (Mar 23) to 164.25, marking an increase of 45.65.
For PBT / Share (Rs.), as of Mar 24, the value is 157.04. This value is within the healthy range. It has increased from 114.61 (Mar 23) to 157.04, marking an increase of 42.43.
For Net Profit / Share (Rs.), as of Mar 24, the value is 120.01. This value is within the healthy range. It has increased from 86.24 (Mar 23) to 120.01, marking an increase of 33.77.
For NP After MI And SOA / Share (Rs.), as of Mar 24, the value is 118.75. This value is within the healthy range. It has increased from 84.80 (Mar 23) to 118.75, marking an increase of 33.95.
For PBDIT Margin (%), as of Mar 24, the value is 15.03. This value is within the healthy range. It has increased from 14.07 (Mar 23) to 15.03, marking an increase of 0.96.
For PBIT Margin (%), as of Mar 24, the value is 13.67. This value is within the healthy range. It has increased from 12.59 (Mar 23) to 13.67, marking an increase of 1.08.
For PBT Margin (%), as of Mar 24, the value is 13.07. This value is within the healthy range. It has increased from 12.16 (Mar 23) to 13.07, marking an increase of 0.91.
For Net Profit Margin (%), as of Mar 24, the value is 9.99. This value is within the healthy range. It has increased from 9.15 (Mar 23) to 9.99, marking an increase of 0.84.
For NP After MI And SOA Margin (%), as of Mar 24, the value is 9.88. This value is within the healthy range. It has increased from 9.00 (Mar 23) to 9.88, marking an increase of 0.88.
For Return on Networth / Equity (%), as of Mar 24, the value is 21.79. This value is within the healthy range. It has increased from 19.15 (Mar 23) to 21.79, marking an increase of 2.64.
For Return on Capital Employeed (%), as of Mar 24, the value is 29.02. This value is within the healthy range. It has increased from 26.12 (Mar 23) to 29.02, marking an increase of 2.90.
For Return On Assets (%), as of Mar 24, the value is 14.76. This value is within the healthy range. It has increased from 13.47 (Mar 23) to 14.76, marking an increase of 1.29.
For Long Term Debt / Equity (X), as of Mar 24, the value is 0.00. This value is below the healthy minimum of 0.2. There is no change compared to the previous period (Mar 23) which recorded 0.00.
For Total Debt / Equity (X), as of Mar 24, the value is 0.01. This value is within the healthy range. It has decreased from 0.02 (Mar 23) to 0.01, marking a decrease of 0.01.
For Asset Turnover Ratio (%), as of Mar 24, the value is 1.68. There is no change compared to the previous period (Mar 23) which recorded 1.68.
For Current Ratio (X), as of Mar 24, the value is 2.44. This value is within the healthy range. It has decreased from 2.63 (Mar 23) to 2.44, marking a decrease of 0.19.
For Quick Ratio (X), as of Mar 24, the value is 1.41. This value is within the healthy range. It has decreased from 1.51 (Mar 23) to 1.41, marking a decrease of 0.10.
For Inventory Turnover Ratio (X), as of Mar 24, the value is 3.82. This value is below the healthy minimum of 4. It has increased from 3.79 (Mar 23) to 3.82, marking an increase of 0.03.
For Dividend Payout Ratio (NP) (%), as of Mar 24, the value is 16.80. This value is below the healthy minimum of 20. It has increased from 16.49 (Mar 23) to 16.80, marking an increase of 0.31.
For Dividend Payout Ratio (CP) (%), as of Mar 24, the value is 14.77. This value is below the healthy minimum of 20. It has increased from 14.16 (Mar 23) to 14.77, marking an increase of 0.61.
For Earning Retention Ratio (%), as of Mar 24, the value is 83.20. This value exceeds the healthy maximum of 70. It has decreased from 83.51 (Mar 23) to 83.20, marking a decrease of 0.31.
For Cash Earning Retention Ratio (%), as of Mar 24, the value is 85.23. This value exceeds the healthy maximum of 70. It has decreased from 85.84 (Mar 23) to 85.23, marking a decrease of 0.61.
For Interest Coverage Ratio (X), as of Mar 24, the value is 25.04. This value is within the healthy range. It has decreased from 33.23 (Mar 23) to 25.04, marking a decrease of 8.19.
For Interest Coverage Ratio (Post Tax) (X), as of Mar 24, the value is 17.64. This value is within the healthy range. It has decreased from 22.61 (Mar 23) to 17.64, marking a decrease of 4.97.
For Enterprise Value (Cr.), as of Mar 24, the value is 75,857.69. It has increased from 42,607.13 (Mar 23) to 75,857.69, marking an increase of 33,250.56.
For EV / Net Operating Revenue (X), as of Mar 24, the value is 4.21. This value exceeds the healthy maximum of 3. It has increased from 3.02 (Mar 23) to 4.21, marking an increase of 1.19.
For EV / EBITDA (X), as of Mar 24, the value is 27.96. This value exceeds the healthy maximum of 15. It has increased from 21.46 (Mar 23) to 27.96, marking an increase of 6.50.
For MarketCap / Net Operating Revenue (X), as of Mar 24, the value is 4.22. This value exceeds the healthy maximum of 3. It has increased from 3.06 (Mar 23) to 4.22, marking an increase of 1.16.
For Retention Ratios (%), as of Mar 24, the value is 83.19. This value exceeds the healthy maximum of 70. It has decreased from 83.50 (Mar 23) to 83.19, marking a decrease of 0.31.
For Price / BV (X), as of Mar 24, the value is 9.30. This value exceeds the healthy maximum of 3. It has increased from 6.50 (Mar 23) to 9.30, marking an increase of 2.80.
For Price / Net Operating Revenue (X), as of Mar 24, the value is 4.22. This value exceeds the healthy maximum of 3. It has increased from 3.06 (Mar 23) to 4.22, marking an increase of 1.16.
For EarningsYield, as of Mar 24, the value is 0.02. This value is below the healthy minimum of 5. There is no change compared to the previous period (Mar 23) which recorded 0.02.

Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Polycab India Ltd as of June 13, 2025 is: 5,296.02

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of June 13, 2025, Polycab India Ltd is Overvalued by 12.46% compared to the current share price 6,050.00

Intrinsic Value of Polycab India Ltd as of June 13, 2025 is: 6,124.52

Calculation basis:

Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of June 13, 2025, Polycab India Ltd is Undervalued by 1.23% compared to the current share price 6,050.00

Last 5 Year EPS CAGR: 15.64%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The stock has a high average ROCE of 21.09%, which is a positive sign. The company has higher reserves (4,099.50 cr) compared to borrowings (396.42 cr), indicating strong financial stability. The company has shown consistent growth in sales (9.25 cr) and profit (195.00 cr) over the years.	The stock has a high average Working Capital Days of 76.82, which may not be favorable. The stock has a high average Cash Conversion Cycle of 81.73, which may not be favorable.

Stock Analysis

Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Polycab India Ltd:
1. Net Profit Margin: 9.99%
  - Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
2. ROCE: 29.02% (Industry Average ROCE: 18.13%)
  - ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
3. ROE%: 21.79% (Industry Average ROE: 16.22%)
  - ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
4. Interest Coverage Ratio (Post Tax): 17.64
  - Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
5. Quick Ratio: 1.41
  - Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
6. Stock P/E: 47.1 (Industry average Stock P/E: 48.23)
  - Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
7. Total Debt / Equity: 0.01
  - Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
Stock Rating:

About the Company - Qualitative Analysis

Polycab India Ltd. is a Public Limited Listed company incorporated on 01/01/1996 and has its registered office in the State of Gujarat, India. Company's Corporate Identification Number(CIN) is L31300GJ1996PLC114183 and registration number is 266483. Currently Company is involved in the business activities of Manufacture of other electronic and electric wires and cables. Company's Total Operating Revenue is Rs. 21913.95 Cr. and Equity Capital is Rs. 150.43 Cr. for the Year ended 31/03/2025.

INDUSTRY	ADDRESS	CONTACT
Cables - Power/Others	Unit No.4, Plot No.105, Panchmahal Gujarat 389350	shares@polycab.com http://www.polycab.com

Management
Name	Position Held
Mr. Inder T Jaisinghani	Chairman & Managing Director
Mr. Bharat A Jaisinghani	Executive Director
Mr. Nikhil R Jaisinghani	Executive Director
Mr. Rakesh Talati	Executive Director
Mr. Gandharv Tongia	Executive Director & CFO
Mr. R S Sharma	Independent Director
Mr. T P Ostwal	Independent Director
Mrs. Sutapa Banerjee	Independent Director
Mr. Bhaskar Sharma	Independent Director
Mrs. Manju Agarwal	Independent Director

FAQ

What is the intrinsic value of Polycab India Ltd?

Polycab India Ltd's intrinsic value (as of 13 June 2025) is ₹5296.02 — 12.46% lower the current market price of 6,050.00, indicating overvalued. Calculated using the PE ratio method, this valuation considers the company's 91,023 Cr. market cap, FY2025-2026 high/low of ₹7,607/4,555, reserves of 9,675 Cr, and liabilities of 13,749 Cr.

What is the Market Cap of Polycab India Ltd?

The Market Cap of Polycab India Ltd is 91,023 Cr..

What is the current Stock Price of Polycab India Ltd as on 13 June 2025?

The current stock price of Polycab India Ltd as on 13 June 2025 is 6,050.

What is the High / Low of Polycab India Ltd stocks in FY 2025-2026?

In FY 2025-2026, the High / Low of Polycab India Ltd stocks is ₹7,607/4,555.

What is the Stock P/E of Polycab India Ltd?

The Stock P/E of Polycab India Ltd is 47.1.

What is the Book Value of Polycab India Ltd?

The Book Value of Polycab India Ltd is 653.

What is the Dividend Yield of Polycab India Ltd?

The Dividend Yield of Polycab India Ltd is 0.58 %.

What is the ROCE of Polycab India Ltd?

The ROCE of Polycab India Ltd is 29.7 %.

What is the ROE of Polycab India Ltd?

The ROE of Polycab India Ltd is 21.4 %.

What is the Face Value of Polycab India Ltd?

The Face Value of Polycab India Ltd is 10.0.