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Buy Polycab India Ltd For Target Rs.8,340 By Motilal Oswal Financial Services Ltd Weak margin offsets strong revenue growth Expect 2H to be better than 1H; business mix to improve * Polycab India (POLYCAB)’s 2QFY25 earnings were in line with our estimates, as lower-than-estimated margins offset higher-than-estimated revenue growth. Its revenue grew 30% YoY to INR55.0b (10% beat) while EBITDA grew ~4% YoY to INR6.3b (est. INR6.6b). OPM contracted 3.0pp YoY to 11.5% (est. ~13%). PAT increased ~3% YoY to INR4.4b (est. INR4.6b) * Management indicated demand momentu...
Buy Polycab India Ltd For Target Rs.8,340 By Motilal Oswal Financial Services Ltd
Buy Polycab India Ltd For Target Rs.8,340 By Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services
2024-10-31 12:48:37 pm
Neutral Polycab India Ltd For Target Rs.7,639 By Yes Securities Ltd Increased competition and business mix change dents margin; reiterate NEUTRAL Result Synopsis Polycab performance has been mixed bag with revenue coming 8% higher than estimates, while margins missing the estimates. Revenue grew 30% on yoy basis, with wires and cables, FMEG and EPC segment growing by 24%, 21% and 240% respectively. Margins have contracted on back of 1) Higher losses in FMEG business on account of increased A&P spends and fixed costs; 2) Increase in employee cost as ...
Neutral Polycab India Ltd For Target Rs.7,639 By Yes Securities Ltd
Neutral Polycab India Ltd For Target Rs.7,639 By Yes Securities Ltd
Source: Yes Securities Ltd
2024-10-31 12:17:28 pm
Neutral Polycab India Ltd For Target Rs. 6,413 By Yes Securities Business mix change dents margin; reiterate NEUTRAL Result Synopsis Polycab performance has been mixed bag with revenue coming in line with estimates, while margins missing the estimates. Revenue grew 20% on yoy basis, with wires and cables, FMEG and EPC segment growing by 12%, 22% and 240% respectively. Margins have contracted as there was shift in business mix towards segment with lower margin and contribution from international business which carries higher margin has been lower. Gro...
Neutral Polycab India Ltd For Target Rs. 6,413 By Yes Securities
Neutral Polycab India Ltd For Target Rs. 6,413 By Yes Securities
Source: Yes Securities Ltd
2024-08-09 12:45:44 pm
Sell Polycab India Ltd For Target Rs. 5,955 By Geojit Financial Services Ltd Mixed results; expensive valuation Polycab India Ltd is one of India’s largest wire and cable manufacturers, providing electrical solutions to households and industries. * Polycab’s consolidated revenue rose 20.8% YoY to Rs. 4,698cr in Q1FY25, supported by broad-based growth across its segments. * EBITDA increased 6.3% YoY to Rs. 583cr, while margin contracted 170bps YoY to 12.4%. It was led by increased cost of sales and adverse revenue mix. Adjusted PAT decreased 0.9% ...
Sell Polycab India Ltd For Target Rs. 5,955 By Geojit Financial Services Ltd
Sell Polycab India Ltd For Target Rs. 5,955 By Geojit Financial Services Ltd
Source: Geojit Financial Services
2024-07-30 01:34:16 pm
Calcom Vision zooms on tying up with Polycab India Calcom Vision is currently trading at Rs. 153.90, up by 12.45 points or 8.80% from its previous closing of Rs. 141.45 on the BSE. The scrip opened at Rs. 145.10 and has touched a high and low of Rs. 165.00 and Rs. 145.10 respectively. So far 51103 shares were traded on the counter. The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 205.00 on 12-Oct-2023 and a 52 week low of Rs. 118.00 on 04-Jun-2024. Last one week high and low of the scrip stood at...
Calcom Vision zooms on tying up with Polycab India
Calcom Vision zooms on tying up with Polycab India
Source: Accord Fintech
2024-07-03 11:45:21 am
Buy Polycab India Ltd. For Target Rs. 7,850 - Motilal Oswal Financial Services Strong delivery continues; gains market share further Market share at ~25-26% of domestic organized cables & wires market * Polycab India (Polycab)’s 4QFY24 performance was ahead of our estimates. It reported an EBITDA of INR7.6b (15% above our est.) led by higher revenue growth (12% above est.) and a better margin in the cables & wires segment (15.1% vs. estimated 14.3%). Profit stood at INR5.5b vs. est. of INR4.7b. * Management believes that the company’s market...
Buy Polycab India Ltd. For Target Rs. 7,850 - Motilal Oswal Financial Services
Buy Polycab India Ltd. For Target Rs. 7,850 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services
2024-06-23 02:51:22 pm
Polycab India surges on reporting 29% rise in Q4 consolidated net profit Polycab India is currently trading at Rs. 6295.00, up by 141.40 points or 2.30% from its previous closing of Rs. 6153.60 on the BSE. The scrip opened at Rs. 6263.60 and has touched a high and low of Rs. 6469.65 and Rs. 6225.90 respectively. So far 30155 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 6,469.65 on 13-May-2024 and a 52 week low of Rs. 3,239.20 on 12-May-2023. Last one week high and low of the scri...
Polycab India surges on reporting 29% rise in Q4 consolidated net profit
Polycab India surges on reporting 29% rise in Q4 consolidated net profit
Source: Accord Fintech
2024-05-13 11:27:16 am
High Conviction Idea: Buy Polycab India Ltd. For Target Rs.5,268 By Religare Broking Robust performance: Polycab India revenue came in at Rs 4,340 Cr, registering a growth of 16.8% YoY/2.9% QoQ primarily led by its core Cables & Wires business. Domestic distribution and institutional business reported robust growth with revenue contribution of 93.8% to Rs 4,071 while international business revenue contribution stood at 6.2% to Rs 269 Cr. PAT was Rs 417 Cr, up by 15.2% YoY while it declined by 3.1% sequentially with a PAT margin of 9.6%. Mixed margin performance: Gross ...
High Conviction Idea: Buy Polycab India Ltd. For Target Rs.5,268 By Religare Broking
High Conviction Idea: Buy Polycab India Ltd. For Target Rs.5,268 By Religare Broking
Source: Religare Broking
2024-04-03 03:39:56 pm
Add Polycab India Ltd For Target Rs 4,951 By Yes Securities Continued growth momentum and stock price correction results in upgrade; Upgrade to ADD Result Synopsis Polycab has registered mid-teens revenue growth with wires and cables growing at 17% yoy, with entire growth been driven by volumes. Cables has continued to outperform wires with institutional business growth outpacing distribution business growth. Margins continues to remain strong remains higher than the management guidance of 11-13%. FMEG has remained subdued, with its key categori...
Add Polycab India Ltd For Target Rs 4,951 By Yes Securities
Add Polycab India Ltd For Target Rs 4,951 By Yes Securities
Source: Yes Securities Ltd.
2024-03-30 09:54:40 am
Buy Polycab India Ltd. For Target Rs.5,268 - Religare Broking Ltd Healthy topline growth, however, EBITDA margin a slight miss! Robust performance: Polycab India revenue came in at Rs 4,340 Cr, registering a growth of 16.8% YoY/2.9% QoQ primarily led by its core Cables & Wires business. Domestic distribution and institutional business reported robust growth with revenue contribution of 93.8% to Rs 4,071 while international business revenue contribution stood at 6.2% to Rs 269 Cr. PAT was Rs 417 Cr, up by 15.2% YoY while it declined by 3.1% sequential...
Buy Polycab India Ltd. For Target Rs.5,268 - Religare Broking Ltd
Buy Polycab India Ltd. For Target Rs.5,268 - Religare Broking Ltd
Source: Religare Broking Ltd
2024-01-22 10:14:24 am
Polycab shares plunge 20% after reports of tax evasion Polycab India shares plunged 20 per cent on Thursday after reports of Income Tax evasion. Polycab shares were trading at Rs 3,905, down 20.5 per cent on BSE. In an earlier statement, Polycab India, a leading electrical goods company, denied any rumours of tax evasion by the company circulating in media. The company asserts its commitment to compliance and transparency, having fully cooperated with the Income Tax Department officials during the search proceedings in December 2023. The...
Polycab shares plunge 20% after reports of tax evasion
Polycab shares plunge 20% after reports of tax evasion
Source: IANS
2024-01-11 11:16:35 am
India`s RR Kabel profit more than doubles on strong cables, wires demand  India's RR Kabel profit more than doubled in its first quarterly report since going public, benefiting from a sustained demand for its wires and cables from the housing and construction industry. The company's consolidated profit increased to 741 million rupees ($8.91 million) in the July-September quarter, compared with 350.1 million rupees a year earlier, according to its statement on Monday. "The company's strong sales growth has been underpinned by the thrivin...
India`s RR Kabel profit more than doubles on strong cables, wires demand
India`s RR Kabel profit more than doubles on strong cables, wires demand
Source: Reuters
2023-11-07 10:09:49 am
Sell Polycab India Ltd For Target Rs 4,473 - Geojit Financial Services Muted consumer demand…dim outlook Polycab India Ltd is one of India's largest wire and cable manufacturers, providing electrical solutions to households as well as industries. • Polycab’s consolidated revenue rose 26.6% YoY in Q2FY24 to Rs. 4,218cr, led by robust volume growth in its domestic wires and cables business. • EBITDA increased 42.7% YoY to Rs. 609cr and EBITDA margin improved 160bps YoY to 14.4%, supported by better operating efficiency and a mor...
Sell Polycab India Ltd For Target Rs 4,473 - Geojit Financial Services
Sell Polycab India Ltd For Target Rs 4,473 - Geojit Financial Services
Source: Geojit Financial Services Ltd
2023-11-04 03:29:33 pm
Hold Polycab India Ltd For Target Rs 5,562 By Religare Broking Robust revenue performance: Polycab India posted strong overall performance as its revenue came in at Rs 4,218 Cr experiencing a growth of 26.6% YoY while sequentially despite the high base it grew by 8.4%. Growth was primarily led by its core segment; Wires & Cables which reported revenue of Rs 3,805 Cr, up by 28.9% YoY/7.7% QoQ. Its domestic business accounted for ~90.7% of the overall revenue to Rs 3,826 Cr whereas international business revenue share was at ~9.3% to Rs 392 Cr. Bett...
Hold Polycab India Ltd For Target Rs 5,562 By Religare Broking
Hold Polycab India Ltd For Target Rs 5,562 By Religare Broking
Source: Religare Broking Ltd
2023-11-03 12:13:31 pm
Buy Polycab India Ltd For Target Rs 5,692 - ARETE Securities Polycab, a prominent player in the wire and cable market, has reported outstanding results for the Q2FY24, achieving it's highest-ever profitability. The company experienced substantial growth across various regions, with particularly strong performance in North India. The primary driver of this growth was a remarkable year-on-year increase of approximately 27% in revenue from wires and cables. Furthermore, Polycab's international business segment contributed approximately 9.3% to its...
Buy Polycab India Ltd For Target Rs 5,692 - ARETE Securities
Buy Polycab India Ltd For Target Rs 5,692 - ARETE Securities
Source: ARETE Securities Ltd
2023-10-29 10:58:27 am
Buy Polycab India Ltd For Target Rs 5,305 By Yes Securities Capex tailwinds leads to continued outperformance; maintain NeutralResult Synopsis Wires and Cables continues to witness strong growth with cables outperforming wires. Volume growth for cables and wires in Q2 stood at ~30% and 20% respectively. Margins continues to remain strong remains higher than the management guidance of 11-13%. Favorable product mix along with higher operating leverage has led to higher margin trajectory. FMEG has remained subdued, with its key categories like Fans...
Buy Polycab India Ltd For Target Rs 5,305 By Yes Securities
Buy Polycab India Ltd For Target Rs 5,305 By Yes Securities
Source: Yes Securities Ltd
2023-10-23 12:31:00 pm
Polycab India posts 59% rise in Q2 profit on healthy wires, cables demand Polycab India posted a 58.8% rise in its second-quarter profit on Wednesday, aided by healthy sales in its wires and cables business.Consolidated net profit climbed to 4.26 billion rupees ($51.19 million) in the three months ended September 30 from 2.68 billion rupees a year earlier.For further results highlights, click: (Full Story)KEY CONTEXTAnalysts expect cables and wires companies to report a strong quarter as demand from the housing and infrastructure sector, as well as recovery in expo...
Polycab India posts 59% rise in Q2 profit on healthy wires, cables demand
Polycab India posts 59% rise in Q2 profit on healthy wires, cables demand
Source: Reuters
2023-10-18 02:56:46 pm
Indian cables maker RR Kabel up 15.8% in debut trade at $1.62 billion valuation Private equity firm TPG-backed Indian wires and cables maker RR Kabel climbed nearly 16% to 1,198 rupees in trading debut on Wednesday, valuing the company at 135.16 billion rupees ($1.62 billion).Shares of RR Kabel opened at 1,180 rupees, compared with the initial public offer price of 1,035 rupees.It competes with companies such as Polycab India and Finolex Cables, whose shares have doubled so far this year fuelled by government infrastructure spending and a real estate boom.($1 = 83.2050 I...
Indian cables maker RR Kabel up 15.8% in debut trade at $1.62 billion valuation
Indian cables maker RR Kabel up 15.8% in debut trade at $1.62 billion valuation
Source: Reuters
2023-09-20 10:43:33am