- Polycab India’s net income for the second quarter was 4.4 billion rupees, marking a 3.3% increase year-over-year, but it fell short of the estimated 4.53 billion rupees.
- The company’s revenue soared to 55 billion rupees, a 30% increase compared to the previous year, surpassing the expected 49.84 billion rupees.
- Wires and cable revenue reached 47.2 billion rupees, up by 24% from the same period last year.
- The Fast Moving Electrical Goods (FMEG) segment recorded revenue of 3.98 billion rupees, a 21% increase year-over-year.
- The category labeled as ‘Other revenue’ rose significantly to 5.85 billion rupees from 2.02 billion rupees the previous year.
- Total costs for the company increased by 35% year-over-year, amounting to 49.8 billion rupees.
- The company’s stock has been rated by analysts with 22 buys, 7 holds, and 4 sells.
Polycab India on Smartkarma
Analyzing the analyst coverage on Smartkarma, Pranav Bhavsar sheds light on Polycab India in an insightful report titled “Polycab India (POLYCAB IN) | Inventory, Demand Environment & Competition.” Bhavsar delves into the dynamics of Polycab India, KEI Industries, and R R Kabel, highlighting the strong industry momentum alongside crucial factors such as project delays and competition. By engaging with cable distributors and industry experts, this report aims to address concerns surrounding inventory levels and assess the current demand environment. Noteworthy stocks such as Polycab India (POLYCAB IN), KEI Industries (KEII IN), and R R Kabel (2333180Z IN) remain in focus, emphasizing the necessity to closely monitor project delays and competitive forces.
A look at Polycab India Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 3 | |
| Growth | 4 | |
| Resilience | 4 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Polycab India Limited, a company that specializes in producing and distributing electronic equipment such as cables, wires, fans, switches, lighting, junction boxes, circular lids, and pumps, is positioned for a positive long-term growth trajectory. Based on the Smartkarma Smart Scores, Polycab India has been rated with a Growth score of 4, Resilience score of 4, and Momentum score of 4, reflecting strong indicators of future expansion and overall stability in the market. This suggests that the company is well-equipped to capitalize on emerging opportunities and navigate potential challenges effectively.
While Polycab India shows promising growth potential, improvements in its Value score and Dividend score could further enhance its overall outlook. With a Value score of 2 and Dividend score of 3, the company may consider strategies to boost its financial attractiveness to investors and potentially increase shareholder returns. By focusing on enhancing these aspects, Polycab India could strengthen its position as a competitive player in the electronic equipment industry and attract a broader base of investors seeking long-term value and income.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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