- Polycab India’s net income for 4Q hit 5.46 billion rupees, a 28% increase from the previous year, surpassing estimates of 4.84 billion rupees.
- The company showed a revenue growth of 29% in comparison to last year, reaching 55.9 billion rupees and exceeding the estimate of 50.52 billion rupees.
- Significant revenue increase was observed in the Wires and Cable sector, where it shot up by 19% y/y to reach 48.6 billion rupees.
- The FMEG sector also experienced growth, recording revenues of 3.58 billion rupees, a 17% y/y increase.
- Other revenue saw a substantial rise, registering 5.02 billion rupees, a notable hike compared to last year’s 1.34 billion rupees.
- The company’s dividend per share stands at 30 rupees.
- However, the total costs have also increased parallelly by 29% y/y, totaling to 49.2 billion rupees.
- As of now, Polycab India has 22 buy ratings, 6 holds, and 4 sells.
- All comparisons to past results are based on values reported by the company’s original disclosures.
Polycab India on Smartkarma
Analyst coverage of Polycab India on Smartkarma reveals contrasting views by Nitin Mangal and Pranav Bhavsar. Nitin Mangal‘s “Forensic Analysis” report highlights an Income Tax investigation exposing unaccounted transactions, with attention drawn to asset turns and third-party stocks. Despite the scrutiny, the forensics do not signal major concerns, except for low FA turnover ratio and board composition.
In contrast, Pranav Bhavsar‘s “India Industrials Quarterly Update” favors Polycab India over Havells, emphasizing the sectorial dynamics that are expected to persist. The report reviews recent performances of key players like ABB India and Siemens, with a preference for Polycab in the current market environment. These varied sentiments offer investors a comprehensive view of Polycab India’s standing in the industry.
A look at Polycab India Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 3 | |
| Growth | 4 | |
| Resilience | 5 | |
| Momentum | 3 | |
| 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 is positioned for long-term success based on the Smartkarma Smart Scores. With a solid overall outlook, the company demonstrates strengths in growth and resilience, scoring high in these areas. Its focus on innovation and adapting to market challenges has allowed Polycab India to weather uncertainties effectively, positioning itself as a reliable player in the industry. Additionally, the company’s strong growth potential bodes well for future opportunities and expansion.
Investors considering Polycab India can find reassurance in its sound fundamentals, highlighted by respectable scores in value, dividend, and momentum. While there is room for improvement in certain areas, the company’s commitment to providing quality electronic equipment such as cables, wires, fans, and switches solidifies its position in the market. Overall, Polycab India’s diverse product offerings and customer base in India showcase a promising outlook for sustained growth and profitability in the long run.
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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