Polycab India Limited: A Comprehensive Overview
Polycab India Limited is one of India’s leading manufacturers of cables and wires, with a strong presence in the FMEG (Fast Moving Electrical Goods) sector. This blog post delves into the history, products, financial performance, and investment potential of the company.
IPO History
Polycab India Limited launched its Initial Public Offering (IPO) on April 5, 2019. The IPO was priced at ₹538 per share, and it was met with great enthusiasm from investors, resulting in an oversubscription.
Current Share Price
As of October 2023, the current share price of Polycab India Limited is approximately ₹5,000. The stock has shown significant growth since its IPO, reflecting the company’s strong market position and financial health.
Product Portfolio
Polycab India Limited offers a diverse range of products, including:
- Cables & Wires
- Switches
- Switchgear
- Lighting
- Fans
- Solar products
- EPC services
Financial Performance
Polycab India Limited has demonstrated robust financial performance over the years. Below are some key financial details:
| Year | Revenue (₹ Crore) | Net Profit (₹ Crore) | EPS (₹) |
|---|---|---|---|
| 2020 | 8,300 | 1,000 | 67 |
| 2021 | 8,800 | 1,150 | 75 |
| 2022 | 12,000 | 1,600 | 85 |
| 2023 | 13,800 | 2,100 | 95 |
Investment Potential
Let’s analyze what could be the value of ₹10,000 invested in Polycab India Limited 5 years ago. Assuming the IPO price of ₹538 in April 2019 and the current price of ₹5,000 in October 2023:
The value of ₹10,000 invested at the IPO price in 2019 (₹538 per share) would have bought approximately 18.59 shares (₹10,000 / ₹538). As of October 2023, with the current price at ₹5,000 per share, the investment’s value would now be approximately ₹92,950 (18.59 shares * ₹5,000).
Conclusion
Polycab India Limited has shown impressive growth in both its market presence and financial performance over the past few years. With a strong and diverse product portfolio, the company continues to capture market share and deliver value to its shareholders. An investment in Polycab India Limited has proven to be highly beneficial for investors, and it remains a key player in the Indian electrical goods market.