NSE: POLYCAB | BSE: 542652

Turnaround Potential

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7393.00 42.00 (0.57%)

Near 52W High of ₹7714.00

145.2K NSE+BSE Volume

NSE 03 Oct, 2025 3:31 PM (IST)

111,288.4

Market Cap

Market Leader

1.1

Beta 1Year

High Volatility

Polycab India Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for POLYCAB, BSE:542652 Polycab India Ltd.

Polycab India Ltd.

24 Oct 2020

7393.00

0.57%

Polycab

Accumulate: Polycab India Ltd.

Recommendation Target

Dolat Capital

Revenues came in at Rs21.1bn, down by 6% YoY, while EBITDA at Rs3.1bn was up 15% YoY but PAT was up by 14% YoY at Rs2.2bn ahead of estimates as outlined in Exhibit 1. CCC days was flat compared to Q4FY20 at 85 days in Q2FY21, but inventory was higher at 96 days compared to 80 days in March 2020 quarter. Cash generated from operations in H1 was Rs7.8bn with a net C&CE; of Rs6.8bn Wires & Cables margins came in higher by 340bps YoY at 13.9% while FMEG margins saw an exponential increase of 470bps YoY to 8.0% in...

Polycab India Ltd. has gained 39.87% in the last 6 Months

Polycab India Ltd.

23 Oct 2020

7393.00

0.57%

Polycab

Buy: Polycab India Ltd.

Sharekhan

We recommend Buy on Polycab India Limited (Polycab) with a PT of Rs. 1,060, given healthy net earnings growth outlook over FY2021E-FY2023E along with attractive valuation. The company reported strong outperformance on OPM and net profit along with double digit y-o-y growth in FMEG and strong improvement in EBIT. Adjusting for tax write back in Q2FY2020, net profit would have risen by 31% y-o-y. Expect H2 to be better than H1 as FMEG continues to witness double-digit growth and C&W; sees improvement with rising infrastructure investments. We expect margins to be aided by various cost initiatives undertaken....

Number of FII/FPI investors increased from 669 to 714 in Jun 2025 qtr.

Polycab India Ltd.

08 Sep 2020

7393.00

0.57%

Polycab

Buy: Polycab India Ltd.

Dolat Capital

Polycab India Ltd. is trading above all available SMAs

Polycab India Ltd.

16 Aug 2020

7393.00

0.57%

POLYCAB INDIA LTD - ........Connection Zindagi Ka

Buy: Polycab India Ltd.

LKP Securities

Polycab is India's leading manufacturer of Cables & Wires with an 18% market share in the organised market with a phenomenal distribution reach spanning over 3500 dealers and distributors covering over 1.25lac retail outlets. With a highly diversified product mix, Cables & Wires accounts for 85% of its 88bn Revenues and despite being a late entrant in the FMEG ( Fast Moving Electrical Goods) segment, Polycab has been able to grow this business at a scorching pace of 43% CAGR over the past five years despite operating in a highly competitive landscape. Polycab has successfully transitioned its 20% ROE business from being a B2B business to a B2C business by leveraging its tremendous brand equity through innovative ASP strategies and CRM...

Polycab India Ltd. has gained 39.87% in the last 6 Months

Polycab India Ltd.

23 Jul 2020

7393.00

0.57%

Result Update:Polycab India

Buy: Polycab India Ltd.

Target

Axis Direct

Polycab reported revenues of Rs 976.6 cr in Q1FY21, down 50% y-o-y vs. our expectations of a 67% y-o-y decline. The revenue decline was due to severe impact of covid, however company witnessed good traction in exports in certain geographies. The institutional (B2B) business

Number of FII/FPI investors increased from 669 to 714 in Jun 2025 qtr.

Polycab India Ltd.

20 Jul 2020

7393.00

0.57%

Pick of the Week:20 JUL 2020

Buy: Polycab India Ltd.

Axis Direct

Polycab India is a leading manufacturer of cables & wires with a diverse product range catering to industrial and household segments. In 2009 it diversified into EPC business to strategically cater to the C & W requirement of large infrastructure EPC projects.

Polycab India Ltd. is trading above all available SMAs

Polycab India Ltd.

29 Jun 2020

7393.00

0.57%

Initiating Coverage:Polycab India

Buy: Polycab India Ltd.

Axis Direct

We initiate coverage on Polycab India with a BUY recommendation with a Target Price of Rs 898. Polycab is a leading manufacturer of Cables & Wires (C&W;) in India (18%/12% market share in organized/overall C&W; segment respectively)

Number of FII/FPI investors increased from 669 to 714 in Jun 2025 qtr.

Polycab India Ltd.

25 Jun 2020

7393.00

0.57%

Polycab India Ltd.

Buy: Polycab India Ltd.

CD Equisearch

As has been the case for the last few years, subdued demand hasn't stopped Polycab from growing its topline consistently absolute revenue has grown over 30% in the last 2 years while improving quality, profitability operating margins have increased from 10.8% in FY18 to 12.9% in FY20 and debt has come down from over Rs. 800 cr to Rs. 157 cr.. In house manufacturing of wires and cables ensures better quality and short duration of supply coupled with lower product returns.. Constantly evolving product mix in the wires and cables as well as FMEG segment driven by a vast distribution network to...

Polycab India Ltd. has an average target of 7792.12 from 8 brokers.

Polycab India Ltd.

04 Jun 2020, 12:00AM

7393.00

0.57%

Polycab India

Buy: Polycab India Ltd.

ICICI Securities Limited

Focus on export to drive revenue of core business Polycab executed ~| 750 crore worth of export order in FY20 (~| 1100 crore order received from Dangote Group, South Africa). This aided export revenue to grow 3.3x YoY in FY20. The large Dangote order also helped boost confidence of management to explore more business opportunities in export markets. Revenue contribution of export increased from ~3% in FY19 to ~12% in FY20. The management guided export would be ~10% of overall revenue, going forward, as the company is seeing increased traction...