Overall Fundamental outlook

Business Operations:

Sector: Industrials
Industry: Electrical Equipment & Parts

Polycab India Limited manufactures and sells wires and cables under the POLYCAB brand in India and internationally. The company offers power cables, control cables, instrumentation cables, solar cables, building wires, flexible cables, flexible/single multi core cables, and communication cables, as well as welding cables, submersible flat and round cables, rubber cables, overhead conductors, railway signaling cables, specialty cables and green wires. It also provides ceiling, table, pedestal, wall, exhaust, farrata, and air circulated fans. In addition, the company provides lighting and luminaires, IR touch switches, modular plates, switches, and accessories, and switchgear consisting of isolators, MCB, RCCB, RCBO, DB, ACCL, and MCB changeover switches. Further, the company offers solar grid tie inverter, DC MCB, solar DC cable, and solar panels; and UPVC conduit and concealed box. Additionally, it provides water heaters, coolers, and iron appliances. Furthermore, the company engages in the design, engineering, supply, execution, and commissioning of power distribution, transmission, and rural electrification projects. It operates a distribution network through authorized dealers and distributors; and retail outlets. The company was founded in 1964 and is based in Mumbai, India.

Revenue projections:

Revenue projections for POLYCAB
Revenue projections for POLYCAB

Investors are expected to be cautious with POLYCAB, as its revenues are projected to fall compared to last year. A decline in revenue often results in a negative impact on profitability, prompting concerns about the company's financial stability and making investors more conservative in their approach.

Financial Ratios:

currentRatio 1.841000
forwardPE 39.270874
debtToEquity 2.558000
earningsGrowth 0.080000
revenueGrowth 0.269000
grossMargins 0.251470
operatingMargins 0.129510
trailingEps 176.890000
forwardEps 246.085700

POLYCAB's current ratio being 1.841 suggests that the company has no issue servicing its short-term debt. Its strong liquidity position, supported by sufficient cash reserves and current assets, ensures that POLYCAB can meet its financial obligations with ease.
POLYCAB's forward EPS is greater than its trailing EPS, indicating that the company is expected to deliver higher profitability this year. This suggests that POLYCAB is projected to improve its earnings, reflecting positive growth compared to last year's financial performance.

Price projections:

Price projections for POLYCAB
Price projections for POLYCAB

Throughout its recent performance, POLYCAB's price has been consistently close to the lower range of projected values. This suggests that the company may face challenges in achieving higher valuations in the eyes of investors.

Recommendation changes over time:

Recommendations trend for POLYCAB
Recommendations trend for POLYCAB


Analysts have shown a buy bias for Polycab India Limited, signaling it as a strong investment choice. This positive outlook could motivate investors to allocate funds to Polycab India Limited, seeing it as a reliable and potentially profitable option, especially in an environment where the stock market is highly scrutinized.