Consumer Durables News

Polycab India stocks: Buy Polycab India, target price Rs 3300: ICICI Direct


ICICI Direct has buy call on . with a target price of Rs 3300. The current market price of Polycab India Ltd. is Rs 2810.65.

Polycab India Ltd., incorporated in the year 1996, is a Mid Cap company (having a market cap of Rs 42129.09 Crore) operating in Consumer Durables sector.

Polycab India Ltd. key Products/Revenue Segments include Cables & Wires, Income from Eng.Construction Contracts, Scrap, Grants, Export Incentives and Job Work for the year ending 31-Mar-2022.

Financials

For the quarter ended 30-09-2022, the company reported a Consolidated Total Income of Rs 3330.14 Crore, up 19.75 % from last quarter Total Income of Rs 2780.90 Crore and up 5.54 % from last year same quarter Total Income of Rs 3155.23 Crore. Company reported net profit after tax of Rs 271.26 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 67.99 per cent stake in the company as of 30-Jun-2022, while FIIs owned 5.71 per cent, DIIs 9.03 per cent.

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