- Polycab India’s net income for the fourth quarter reached 7.27 billion rupees, marking a 33% increase from the previous year and surpassing the estimated 6.18 billion rupees.
- Total revenue was reported at 69.9 billion rupees, which is a 25% increase year-over-year, above the predicted 66.54 billion rupees.
- Revenue from the wires and cable segment was 60.2 billion rupees, indicating a 22% rise compared to the previous year.
- The Fast Moving Electrical Goods (FMEG) segment brought in 4.76 billion rupees, a 33% increase year-on-year, exceeding the forecasted 4.3 billion rupees.
- A dividend of 35 rupees per share was announced.
- Total costs rose by 23% year-over-year to 60.7 billion rupees.
- The company has an analyst rating of 27 buys, 3 holds, and 5 sells.
A look at Polycab India Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 3 | |
| Growth | 4 | |
| Resilience | 4 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.2 |
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
According to Smartkarma Smart Scores, Polycab India’s long-term outlook appears promising. The company demonstrates strength in key areas, with a solid Growth score of 4 and Resilience score of 4. This indicates that Polycab India is well-positioned for future expansion and is equipped to navigate through challenges effectively. Additionally, the company scores a respectable 3 in both Dividend and Momentum, reflecting stability in its dividend payouts and consistent performance trends. While the Value score is lower at 2, suggesting the stock may not be undervalued, Polycab India’s overall outlook remains positive due to its strong growth potential and resilience in the market.
Polycab India Limited, a producer and distributor of electronic equipment in India, offers a diverse range of products including cables, wires, fans, switches, lighting, junction boxes, circular lids, and pumps. The company serves customers across the country, catering to various industrial and consumer needs. With a focus on innovation and quality, Polycab India is well-positioned to capitalize on the growing demand for electronic products in India’s dynamic market. Its positive Smartkarma Smart Scores highlight the company’s potential for sustained growth and resilience in the long term.
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.
Have feedback on this article? Concerned about the content? Get in touch with us directly.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Analytics and News
- ✓ Events & Webinars
