Polycab India Ltd
NSE: POLYCAB BSE: 542652
₹7728
(1.59%)
Sun, 19 Apr 2026, 05:07 pm
Market Cap1144.98B
PE Ratio44.42
Dividend0.46
Producer Manufacturing
Electrical Products
24.5KPolycab India Analysis
dividend
- Dividends paid are thoroughly covered by earnings (7.3x coverage).
- Dividends after 3 years are expected to be thoroughly covered by earnings (7.5x coverage).
- Polycab India's pays a higher dividend yield than the bottom 25% of dividend payers in India (0.76%).
- Polycab India only just started paying a dividend, it is too early to tell if payments are increasing.
- It is too early to tell whether Polycab India has stable dividend payments.
- Polycab India's dividend is below the markets top 25% of dividend payers in India (3.08%).
future
- Cash flow for Polycab India is expected to increase by more than 50% in 2 years time.
- Performance (ROE) is expected to be above the current IN Electrical industry average.
- Polycab India's earnings are expected to grow by 5.1% yearly, however this is not considered high growth (20% yearly).
- Polycab India's earnings growth is positive but not above the India market average.
- Polycab India's earnings growth is positive but not above the low risk savings rate of 7.2%.
- Polycab India's earnings are expected to decrease over the next year.
- Polycab India's earnings are expected to increase but not above the low risk growth rate in 3 years time
- Polycab India's net income is expected to decrease over the next 2 years.
- Polycab India is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
- A decline in Polycab India's performance (ROE) is expected over the next 3 years.
- Polycab India's revenue is expected to increase but not above the 50% threshold in 2 years time.
- Polycab India's revenue is expected to grow by 4.6% yearly, however this is not considered high growth (20% yearly).
- Polycab India's revenue growth is positive but not above the India market average.
health
- Polycab India is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- Polycab India is profitable, therefore cash runway is not a concern.
- Polycab India is profitable, therefore cash runway is not a concern.
- Debt is well covered by operating cash flow (200.3%, greater than 20% of total debt).
- Debt is covered by short term assets, assets are 33.2x debt.
- Polycab India's cash and other short term assets cover its long term commitments.
- The level of debt compared to net worth has been reduced over the past 5 years (33.5% vs 3.2% today).
- Interest payments on debt are well covered by earnings (EBIT is 19.7x coverage).
- Polycab India's level of debt (3.2%) compared to net worth is satisfactory (less than 40%).
- High level of physical assets or inventory.
management
- The tenure for the Polycab India management team is about average.
- The average tenure for the Polycab India board of directors is less than 3 years, this suggests a new board.
misc
- Polycab India has significant price volatility in the past 3 months.
past
- Polycab India's 1-year earnings growth exceeds its 5-year average (51.7% vs 26.3%)
- Polycab India has delivered over 20% year on year earnings growth in the past 5 years.
- Polycab India used its assets more efficiently than the IN Electrical industry average last year based on Return on Assets.
- Polycab India has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
- Polycab India's earnings growth has exceeded the IN Electrical industry average in the past year (51.7% vs 11.7%).
- Polycab India has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
value
- 542652 outperformed the Electrical industry which returned -33.5% over the past year.
- 542652 outperformed the Market in India which returned -14.5% over the past year.
- BSE:542652 is up 8.3% along with the India market (8%) over the past month.
- Polycab India's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).
- Polycab India's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).
- Polycab India is overvalued based on assets compared to the IN Electrical industry average.
- Polycab India is poor value based on expected growth next year.
- Polycab India is overvalued based on earnings compared to the IN Electrical industry average.
- Polycab India is overvalued based on earnings compared to the India market.
- BSE:542652 is up 8.3% underperforming the Electrical industry which returned 9.3% over the past month.
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Pocketful Fintech Capital Private Limited (CIN U65999DL2021PTC390548) | The SEBI Registration No. allotted to us is INZ000313732. NSE Member Code: 90326 | BSE Member Code: 6808 | MCX Member Code: 57120 DP | CDSL: 12099800