Polycab Share Price | A major player in the Indian electrical industry, Polycab India Limited has shown remarkable growth over the years. Known for its wires and cables, Polycab has expanded into various segments, including fast-moving electric items (FMEG) such as switches, fans, and lighting. The company’s strong financial performance and strategic initiatives have made it a favorite among investors. In this assessment, we will explore Polycab’s stock price targets from 2025 to 2030, considering factors such as market capitalization, P/E ratio, dividend yield, and ownership structure.
Fundamentals
Market Cap – ₹92,570.98 Cr.
P/E – 53.33
P/B – 10.84
Face Value – ₹10
Div. Yield – 0.48%
Book Value (TTM) – ₹567.52
ROE – 24.16%
ROCE – 32.80%
52 Week High – ₹7,607.15
52 Week Low – ₹4,125.50
Shareholdings
Promoters – 63.1%
FII – 12.8%
DII – 10.7%
Public – 13.5%
Others – 0.0%
Polycab Share Price Target (2025 to 2030)
Polycab Share Target Years
Share Targets
2025
₹7547
2026
₹8953
2027
₹9231
2028
₹10671
2029
₹11326
2030
₹12454
Income Statement
INR
2024
Y/Y Change
Revenue
180.39B
27.87%
Operating Expense
24.83B
28.38%
Net Income
17.84B
40.39%
Net Profit Margin
9.89
9.77%
Earnings Per Share
118.49
40.04%
EBITDA
24.71B
34.43%
Effective Tax Rate
23.58%
—
Balance Sheet
INR
2024
Y/Y Change
Cash and Short-term Investments
22.24B
8.78%
Total Assets
120.79B
28.15%
Total Liabilities
38.36B
39.43%
Total Equity
82.43B
—
Shares Outstanding
150.24M
—
Price to Book
12.04
—
Return on Assets
13.06%
—
Return on Capital
18.33%
—
Factors Affecting
Demand for wires and cables: Polycab’s core revenue comes from wires and cables, which benefit from infrastructure development, construction growth and increased electrification in India.
Government infrastructure projects: Initiatives such as smart cities, renewable energy projects and rural electrification programs drive demand for Polycab’s products.
Expansion in FMEG (fast-moving electrical goods): Growth in sectors such as switches, lighting, fans and appliances diversifies Polycab‘s revenue sources and expands its market presence.
Growth in the housing sector: Growing urbanization and increasing investments in residential and commercial real estate drive demand for electrical products, supporting Polycab’s growth.
Growth in export markets: Expansion into international markets through exports of wires, cables and other electrical goods contributes to revenue diversification and growth.
Technological innovation: Investments in energy-efficient products and smart solutions, such as smart cables or IoT-enabled devices, strengthen Polycab’s market competitiveness.
Economic growth: The overall economic environment, including GDP growth and spending on infrastructure, directly impacts Polycab’s sales and revenues.
Product portfolio diversification: Introducing innovative and premium products, such as fire-retardant and eco-friendly cables, attracts new customers and increases margins.
Distribution network: Expanding its distribution and retail footprint in tier-2 and tier-3 cities improves market penetration and sales.
Raw material costs: The prices of raw materials such as copper, aluminium and PVC have a direct impact on Polycab’s cost structure and profit margins.
Operational efficiency: Cost optimization and automation in manufacturing processes enhance profitability and operational flexibility.
Government policies: Policies encouraging domestic manufacturing (e.g., Make in India) and regulations related to energy efficiency favor Polycab’s growth prospects.
Brand strength: Increased marketing efforts and a strong brand image increase customer confidence and help Polycab achieve premium pricing.
Quarterly Financial Performance: Consistent improvement in revenue, EBITDA and net profit impacts short-term stock price movements.
Competitive Activity: Competition from players such as Havells, KEI Industries and Finolex Cables impacts Polycab’s market share and pricing power.
Renewable Energy Sector: Growth in renewable energy projects such as solar and wind farms creates opportunities for Polycab’s specialty cables and electrical products.
Export Opportunities: Increasing Polycab’s presence in developed markets such as the US, Europe and the Middle East offers significant revenue potential.
Macroeconomic Factors: Factors such as inflation, interest rates and currency fluctuations can impact input costs, exports and overall profitability.
Rural Electrification: Government’s initiatives for electrification in rural areas create significant demand for Polycab’s cables and electrical products.
ESG Practices: Focus on sustainable manufacturing, energy-efficient products and ethical practices is in line with global ESG trends, attracting long-term investors.
Strategic Partnerships: Collaboration with real estate developers, infrastructure companies or energy firms increases Polycab’s market reach and sales.
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