- Polycab India reported a net income of 4.58 billion rupees for the third quarter.
- This net income represents an 11% increase compared to the same period last year.
- Revenue for the quarter was recorded at 52.3 billion rupees, marking a 21% rise year over year.
- Revenue from the wires and cable segment was 43.8 billion rupees, up 12% from the previous year.
- Fast-moving electrical goods (FMEG) revenue soared by 43%, reaching 4.23 billion rupees.
- The category of other revenue nearly doubled to 4.98 billion rupees from 2.48 billion rupees year over year.
- Total costs amounted to 46.3 billion rupees, showing a 20% increase compared to the same period last year.
- Despite meeting earnings estimates, Polycab India’s shares fell by 4.8%, settling at 6,245 rupees per share.
- A total of 324,269 shares were traded on the day.
- Analyst recommendations include 21 buy ratings, 7 hold ratings, and 4 sell ratings.
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Polycab India on Smartkarma
Analyst coverage of Polycab India on Smartkarma sheds light on key factors influencing the stock’s performance. Pranav Bhavsar, in their bearish commentary, delves into the inventory, demand environment, and competition affecting companies like Polycab India, KEI Industries, and R R Kabel. Despite a strong industry momentum, Bhavsar points out that project delays and competition are critical factors to monitor. Through discussions with cable distributors and industry experts, concerns surrounding industry-wide inventory levels and the prevailing demand environment were explored. Polycab India (POLYCAB IN) is one of the stocks under scrutiny, alongside KEI Industries (KEII IN) and R R Kabel (2333180Z IN), as the overall industry business momentum remains robust, but attention is warranted due to project delays and competitive pressures.
A look at Polycab India Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 3 | |
| Growth | 4 | |
| Resilience | 5 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.6 |
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, a prominent player in the electronic equipment industry, has been assigned a Smartkarma Smart Score that reflects a positive long-term outlook. With robust scores in Growth, Resilience, and Momentum, the company appears well-positioned for sustained success in the market. Its focus on expanding product offerings such as cables, wires, fans, switches, and lighting, coupled with a strong customer base in India, bodes well for its growth potential.
The company’s impressive scores in Dividend and Value, though not the highest, showcase a commitment to shareholder returns and maintaining a sustainable financial standing. Polycab India’s continuous innovation, along with its ability to navigate market challenges effectively, reinforces its resilience and indicates a promising trajectory for the future. Investors may find Polycab India an attractive investment choice given its overall positive Smartkarma Smart Scores.
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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