Polycab’s Financial Snapshot: FY23 Highlights
| Metric | FY22 | FY23 | Change (%) |
|---|---|---|---|
| Revenue (in Cr.) | 10,793.81 | 12,777.50 | +18.38 |
| EPS (Rs.) | 60.87 | 84.87 | +39.43 |
| PAT (in Cr.) | – | 4,028 | +81 |
| FMEG Revenue (in Cr.) | 1,254.38 | 1,260.74 | +0.51 |
| EPC Revenue (in Cr.) | 370.18 | 464.71 | +25.54 |
Data Source: CableCommunity.com, Free Press Journal
Polycab’s Robust Performance: A Deep Dive
1. Wires and Cables: The Powerhouse of Growth
- FY23 saw a massive surge in Polycab’s wire and cable business, contributing to 90.57% of the total revenue.
- The quarter ending March 31, 2023, marked a 15.21% YoY increase in this segment.
2. Fast Moving Electrical Goods (FMEG): Stable but Sluggish
- The FMEG segment experienced a YoY drop of 19.51% in Q4 FY23 but remained stable overall, with a marginal 0.51% increase in FY23.
3. The Emerging EPC Segment
- EPC business showcased a strong performance with a 25.54% increase in revenue in FY23 compared to FY22.
Polycab’s Strategy and Future Outlook
- Adapting to Market Dynamics: The company’s success is attributed to robust demand, strategic focus on infrastructure development, and private capex momentum.
- Global Expansion: Polycab has extended its reach to 72 countries, with international business growing by 88% YoY.
- Project LEAP: This strategic initiative has played a key role in driving Polycab’s growth, focusing on customer-centricity and diverse product offerings.
Polycab’s Valuation: An Investor’s Perspective
Investing in Polycab can be a strategic move for those interested in the Indian stock market. The company’s solid financial performance, coupled with a strong market presence, offers an appealing opportunity for value investing. To aid in this, Valuequity.in provides an invaluable tool, Value Stocks with 6 Different Valuation Methods – Excel File, developed by experts from IIM & IIT. This tool simplifies company analysis, perfect for investors keen on delving into the intricacies of stock valuation.
Conclusion: Harnessing Polycab’s Potential
Polycab India Limited, with its impressive FY23 performance, presents a compelling case for investors. The company’s growth trajectory, backed by strategic initiatives and a robust market presence, positions it as a promising stock in the electrical industry. For those looking to make informed investment decisions, the valuation tool offered by Valuequity.in is an excellent resource, offering a comprehensive analysis using six different valuation methods. With this tool, investors can explore the potential of Polycab and other stocks, investing with confidence and clarity.
