Polycab India Limited, one of the leading players in the electrical and power distribution industry, has been making headlines in the stock market with its impressive performance.
With a consistent growth in its share price, many investors are eager to know the Polycab India share price target for the next few years. With the company’s recent investments aimed at increasing its worth, the question on the minds of many investors is: Is Polycab India a good auto stock to buy?
This article will explore the current state of Polycab India and offer a detailed analysis of its future prospects, including the Polycab India share price target for 2023 to 2030.
We will examine the company’s financial performance, industry trends, and investment strategies to help you make an informed decision about whether or not to invest in Polycab India.
About the Company
Polycab India is one of the leading manufacturers of electrical and telecommunication cables and wires in India. Founded in 1958, the company has over six decades of experience in the industry and is known for its commitment to quality and innovation. Polycab India offers a wide range of products including wires, cables, switches, sockets, LED lighting, fans, and solar products. The company is renowned for its high-quality products and services, which are compliant with global standards.
Polycab India offers customized solutions for its customers and also provides energy-efficient solutions for residential, commercial, and industrial applications. The company has a strong presence in the Indian market, serving a large base of customers across the country. Additionally, Polycab India exports its products to more than 30 countries, making it a leading global supplier of electrical and telecommunication solutions.
Stock history of Polycab India
Polycab India shares began trading on the National and Bombay Stock Exchanges of India in October 2018. Since its listing on the stock exchanges, Polycab India’s stock price has seen a steady increase over the last two years. The stock opened at Rs. 548 on October 10th, 2018 and has since gone up to Rs. 1,715 as of October 8th, 2020, representing an increase of 212.3% over the two-year period. The stock touched its highest price of Rs. 2,117 on February 4th, 2020 and its lowest price of Rs. 441 on March 23rd, 2020. The stock has been relatively volatile over the last two years, with periods of sharp increases and decreases, but has generally trended upwards since its listing.
Currently, Polycab India shares are trading at Rs. 2930.
Latest news about Polycab India
➤ Polycab India is investing in order to increase its worth.
➤ Polycab India shares rose by 4%; experts predict that it will reach Rs 3,200.
How to buy Polycab India shares?
- Open a demat and trading account: To buy Polycab India shares, you will need to open a demat and trading account with a registered stockbroker.
- Fund your trading account: Once you have opened the account, you need to deposit funds into the trading account to buy Polycab India shares.
- Place a buy order: Log in to your trading account and enter the order details such as the number of shares and the price.
- Monitor your portfolio: You can monitor your portfolio to track the performance of your investments.
You can also buy shares from the following trading platforms:
Share Price Prediction of Polycab India: 2023 to 2030
Share Price Target 2023 of Polycab India is ₹4,009.65
|When||Maximum Price||Minimum Price|
According to the above table, Polycab India’s share price is expected to see a bullish uptrend in 2023, with a maximum price of ₹4,009.65 and a minimum price of ₹1,724.19. The growth percentage ranges from 19.11% to 71.54%, with the highest growth expected in November 2023.
It is important to note that the predictions are based on various market factors and can be subject to change. However, the overall trend suggests a positive outlook for Polycab India in 2023. Investors should closely monitor the company’s financial performance and market conditions to make informed investment decisions.
Share Price Target 2024 of Polycab India is ₹5,613.68
|When||Maximum Price||Minimum Price|
As per the data in the above table, Polycab India’s share price is expected to continue its upward trend in 2024. The maximum price target for the year is ₹5,613.68, while the minimum price target is ₹2,909.05.
The growth percentage for the year ranges from 9.18% to 87.83%, with the highest growth expected in October 2024.
Share Price Target 2025 of Polycab India is ₹6,809.49
|When||Maximum Price||Minimum Price|
According to the data in the above table, Polycab India’s share price is expected to maintain its bullish uptrend in 2025. The maximum price target for the year is ₹6,809.49, while the minimum price target is ₹3,951.48.
The growth percentage for the year ranges from 5.84% to 33.67%, with the highest growth expected in November 2025. It is crucial for investors to take into consideration the market conditions and the company’s financial performance while making investment decisions.
While the predictions provide a useful outlook, they are subject to change based on various factors and hence, regular monitoring is advisable.
Polycab India Share Price Prediction 2026-2030
|Year||Maximum Price||Minimum Price|
Polycab India’s share price target for the period 2026 to 2030 shows a mixed trend with both highs and lows in the market. In 2026, the maximum share price is projected to reach ₹4,766.64, while the minimum price is expected to be ₹3,336.65.
However, the following year 2027 sees a dip in the market with a maximum share price of ₹4,051.64 and a minimum of ₹2,836.15. The growth picks up again in 2028 with the maximum share price reaching ₹7,292.96 and a minimum of ₹5,105.07.
This upward trend continues in 2029 and 2030 with the maximum share price reaching a staggering ₹14,980.87 and ₹16,683.24, respectively, with the minimum price estimated to be ₹10,486.61 and ₹11,678.27. These projections show a bullish uptrend in the market, indicating potential growth opportunities for investors in the coming years.
Financial Condition of Polycab India: Last 5 years
|Profit before tax||566.79||756.06||1,009.99||1,056.25||1,187.91|
|Price to earning||14.56||23.32||38.88|
Polycab India has shown substantial growth in the last five years, as reflected in the financial statement. The company’s sales revenue has grown from 6,770.30 in March 2018 to 12,203.76 in March 2022, which is an impressive 79.99% increase.
The operating profit margin (OPM) also increased from 10.77% in March 2018 to 12.64% in March 2021, before dipping to 10.36% in March 2022. The company’s net profit after tax (PAT) also increased from 358.01 in March 2018 to 908.58 in March 2022, reflecting a 153.55% growth.
The earnings per share (EPS) also grew from 25.35 in March 2018 to 60.82 in March 2022. The price-to-earnings (P/E) ratio also increased from 14.56 in March 2020 to 38.88 in March 2021, reflecting a 166.07% growth.
The company also paid dividends to its shareholders, with the dividend payout ratio increasing from 0.00% in March 2018 to 23.03% in March 2022. These figures indicate a consistent growth in the company’s profit and revenue, making Polycab India a promising investment option.
Will the share price of Polycab India increase in 2023?
It is expected that Polycab India per share price will increase to ₹4,009.65 by the end of 2023.
What is the share price target of Polycab India for 2025?
The share price target of Polycab India for 2025 is ₹6,809.49.
What is the share price target of Polycab India for 2030?
The per share price of Polycab India might reach around ₹16,683.24 by the end of 2030.
What is Polycab India’s current market value?
As of January 2023, the Polycab India stock price is ₹2,930, with a market capitalisation of 436.86 billion INR.
Overall, Polycab India has demonstrated great potential for growth in the next few years, and its share price is expected to rise steadily between 2023 and 2030. Based on the financial statements of Polycab India for the past five years, it can be seen that the company has had steady growth in terms of revenue, profits, and PAT.
In particular, the company has seen a significant increase in its share price, with a maximum increase of more than 500% in the last five years. Moreover, the company has also been consistently paying dividends to its shareholders, which has been a positive sign for its stakeholders. T
he consistent growth in its revenue, profits, and PAT, coupled with the increasing share price and dividend payments, suggests that Polycab India is a good buy for the long term.