Polycab India Ltd is a leading manufacturer of wires and cables in India. Established in 1968, the company has grown to become a household name in the electrical industry. With a strong focus on innovation and quality, Polycab has expanded its product portfolio to include fans, lighting, switches, and solar products. Today, the company has a presence in over 50 countries and is committed to providing sustainable solutions for a better tomorrow.
Fundamentals of Polycab India
Here is the fundamentals of Polycab India
Market Cap: ₹ 44,681.54
As of 4/19/2023, Polycab India’s market cap was ₹ 44,681.54, indicating its overall size and value in the market.
PE Ratio: 38.55
PE Ratio: 38.55 as of 4/19/2023, indicating how much investors are willing to pay for each dollar of the company’s earnings.
EBITDA Margin (%): 10.12 %
Polycab India’s EBITDA margin was 10.12 %, indicating the company’s earnings before interest, taxes, depreciation, and amortization as a percentage of its revenue.
Revenue Growth 1-Year (%): 38.8 %
Over the past year, Polycab India’s revenue growth was 38.8 %, indicating its growth or decline in revenue over the last 12 months.
Net Profit Growth 1-Year (%): >0.78 %
Over the past year, Polycab India’s net profit was 0.78 % as 1 Year net profit %, indicating its growth or decline in profits over the last 12 months.
Polycab India Share Price Target Prediction Using Fundamentals
Polycab India Ltd is a company with a strong market capitalization of ₹ 44,681.54 crore and a current price of Rs. 2,984.00. The company’s PE ratio TTM of 38.55 indicates that the stock is currently trading at a premium compared to its earnings. However, the company’s EBITDA margin of 10.12% is a positive sign, indicating that the company is generating healthy profits.
The company’s revenue growth of 38.8% over the past year is impressive and indicates that the company is growing at a healthy pace. However, the net profit growth of only 0.78% over the past year is a cause for concern. It suggests that the company may be facing challenges in managing its costs and expenses.
Looking ahead, Polycab India Ltd is expected to continue its growth trajectory, driven by the increasing demand for its products and services. The company’s strong market position and focus on innovation and technology are likely to help it maintain its competitive edge in the market. Overall, Polycab India Ltd is a company with strong growth potential, but investors should keep an eye on its profitability and cost management.
Polycab India Ltd: Technical Analysis (Long-Term Analysis)
Current Stock Price: ₹5,148
52-Week High and Low:
- High: ₹5,333
- Low: ₹2,451
Potential Bullish Targets:
Initial Target: Using a conservative estimate, if we consider a 38.2% retracement from the 52-week high, the initial bullish target would be approximately ₹5,266.
Intermediate Target: Using a 61.8% retracement, the intermediate bullish target would be around ₹5,397.
Advanced Target: If the stock breaks past its 52-week high, the next potential resistance could be at ₹5,600, considering psychological resistance and potential round number effects.
Potential Bearish Targets:
Initial Target: Using a 38.2% retracement from the 52-week low, the initial bearish target would be approximately ₹3,793.
Intermediate Target: Using a 61.8% retracement, the intermediate bearish target would be around ₹3,563.
Advanced Target: If the stock breaks its 52-week low, it could potentially move towards the ₹2,300 level, considering past support zones.
Based on the historical price data of Polycab India Ltd’s stock, there are evident price markers that investors should be vigilant about. On the bullish side, breaking the resistance level of ₹5,333 could propel the stock towards the initial target of ₹5,266, with further potential to reach ₹5,397 and an advanced target of ₹5,600.
On the bearish side, a decline below the support level of ₹2,451 might direct the stock towards the initial downward target of ₹3,793, with subsequent levels at ₹3,563 and a more pronounced decline to ₹2,300. These projections serve as crucial indicators for potential price movements, and investors are advised to use these targets as reference points in their trading strategies.
Polycab India Share Price Targets
After analyzing the fundamentals of Polycab India, Here are the share price targets the Polycab India company shown in the table below.
|Year||Share Price Target 1||Share Price Target 2|
Polycab India Share Price Target 2023
As per fundamental analysis and chart analysis which we did, we got few share prediction for
The target share price of Polycab India for the year 2023, the 1st target could be ₹3314 and 2nd target is around ₹3494
Polycab India Share Price Target 2024
The target share price of Polycab India for the year 2024, the 1st target could be ₹3674 and 2nd target is around ₹3854
Polycab India Share Price Target 2025
The target share price of Polycab India for the year 2025, the 1st target could be ₹4034 and 2nd target is around ₹4214
Polycab India Share Price Target 2026
The target share price of Polycab India for the year 2026, the 1st target could be ₹4394 and 2nd target is around ₹4574
Polycab India Share Price Target 2027 to 2030
The target share price of Polycab India for the years 2027, 2028, 2029, and 2030 will be ₹4754, ₹5114, ₹5474, and ₹5834 respectively.