Polycab Share Price returned 53.49% CAGR in 3 years
Polycab India Limited (NSE: POLYCAB) company’s core business segment is into Electrical Equipment and is been selected for investing long term horizon over an year and above based on the strong fundamental and technical analysis provided here in this article. Technical analysis indicators; Simple Moving Average (SMA) 200 above the SMA 300 while the Relative Strength Index (RSI) is showing at 48.47. The trendline is very strong which indicates a good bullish momentum ahead for growth. The can be accumulated through stock SIP investment option in Zerodha Trading App for better stock price averaging while investing.
The market capitalization as on publishing day stands at Rs. 33360/- Crore positioning it in large cap stocks group listed on NSE India.
What made Polycab Share Price to return 53.49% CAGR in the last 3 years?
Polycab Share Price is currently trading at Rs. 2210.9 per stock & Polycab Technical Chart the performance of the stock over the last 3 years of time frame which is considered to be a good investment period shows amazing profits at CAGR 53.49% & now the opportunities indicates to invest based on above technical & following stock fundamentals. Polycab's 52 week low price at Rs. 1762/- & 52 week high price at 2820/-
Why one should consider Polycab Share Price now?
Following are the strong fundamental analysis of Polycab Share Price which will definitely make to think in one of the large cap companies of India for decent profits for a medium to long term investment horizon.
Fundamental Analysis of Polycab
| Market Capitalization | Rs. 33360 Crore | Return On Equity (ROE) | 16.25% |
| P/E Ratio (TTM) | 31.68 | EPS (TTM) | 65.66 |
| P/B Ratio | 6.01 | Dividend Yield | 0.63% |
| Industry P/E Ratio | 47.39 | Book Value | 371.3 |
| Debt to Equity | 0.02 | Face Value | 10 |
Financial Statement of Polycab
| Yearly | Revenue (Rs. Crores) | Profit (Rs. Crores) | Net Worth (Rs. Crores) |
| 2018 | 6,915.0 | 358.0 | 2,348.0 |
| 2019 | 7,956.0 | 500.0 | 2,847.0 |
| 2020 | 8,830.0 | 759.0 | 3,836.0 |
| 2021 | 8,792.0 | 882.0 | 4,754.0 |
| 2022 | 12,204.0 | 909.0 | 5,544.0 |
Shareholding Pattern of Polycab
| Promoters | 67.99% |
| Retail Investors | 18.19% |
| Foreign Investors | 5.71% |
| Mutual Funds | 7.98% |
| Other Domestic Institutions | 0.13% |
Polycab India Limited
Polycab India Limited is a Fast Moving Electrical Goods company established in 1996 which manufactures wide variety of electrical equipment such as wires, cables, fans, LED light, luminaires, switches, switchgears, solar products, conduites & accesorries.
The company has 25 manufacturing facilities (ISO certified) across Gujarat, Maharashtra & Uttarakhand and NABL accredited test laboratories for producing BIS, IEC & BASEC standard products.
It has emerged as a valued brand under POLYCAB across the country & with its diversied wings into seperate areas like Engineering, Procurement & Construction business and FMEG products like switches & switchgears etc., Apart from this there is a Telecom division providing network solutions & EPC services by manufacturing of Optical Fibre Cables, Aramid Reinforced Plastic / Fibre Reinforced Plastic rods, Impregnated Glass Fiber Reinforcement yarns. Read more about Polycab India Limited company here from its official website.
Competitors of Polycab
As Polycab comes under Electrical Equipment sector; there are quiet a few peer competitors to POLYCAB and here is a list of Top 5 Electrical Equipment Companies based on market capitalization as on publishing day are as follows…
How to invest in Stock Market with the Best Trading App in India?
Here is the list of top stock brokers in India who made the trading in stock market made hassle free and best user experience with very attractive competitive brokerage charges.
- Zerodha
- Groww
- 5paisa
What makes the best to go for Zerodha Account Opening
Breaking the barriers of brokerage charges among other competitors by the time company incorporated in 2010; Evolve, rise & conquer the market with flat Rs.20/- or less; which ever is low concept, now Zerodha is on India's no.1 position.
Zerodha Kite Features
Why don't to utilize the Stock SIP investing option to invest in Polycab on regular basis on convenient day of every month on Zerodha product Kite. Now Zerodha Account Opening is very easy and Zerodha Demat Account for starting stock SIP investing right now.
Do you know the stock broker who turned-up unicorn: Groww App
The tough competitor now to Zerodha is Groww who turned-up unicorn startup of India facilitating not only the stocks investing but also mutual funds unlike Zerodha only provides stock trading. Groww recently introduced US stocks trading into its new product offering. Why waiting for something else and start investing right now in Polycab with Groww App.
Groww App Download
Excited; how to open Demat account with Groww App; Here we share a link for opening the Demat account with Groww App.
Never forget the senior broker: 5paisa
Senior most broker among the above; 5paisa (a.k.a. IIFL Securities) using different accounts over a period of time; found 5paisa is now in line to the charges and best user experience with the app. So why don’t to consider buying Polycab now, click here to open Demat account with 5paisa App.
References and Links:
- Polycab stock chart: https://chartink.com/stocks/POLYCAB.html
- About Polycab Company Profile: https://polycab.com/about-us/
- Zerodha Account Open: https://zerodha.com/open-account?c=XT4406
- Groww Account Open: https://app.groww.in/v3cO/ytmyw8ym
- 5paisa Account Open: https://cutt.ly/qLf9zZW
It takes 30 long years to turn Rs.1/- worth Rs.1000/- which means doubling money once in every 3 years at a rate of CAGR 26.67% returns. Early investment start time is NOW else 30 years before :-)
Happy investing for prosperity.
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