Polycab India Adjusts Evaluation Score Amid Strong Financial Performance and Market Position
Polycab India, a prominent player in the electrical cables industry, has recently undergone an adjustment in its evaluation score. This revision reflects a shift in technical trends, moving from a mildly bullish stance to a sideways position. The company has demonstrated notable financial metrics, including a robust annual growth rate in net sales of 20.47% and an operating profit growth of 22.27%. With a low debt-to-equity ratio averaging at 0 times, Polycab India showcases strong long-term fundamental strength. The latest quarterly results indicate a significant increase in profit before tax, which reached Rs 912.49 crore, marking a growth of 62.1% compared to the previous four-quarter average. Additionally, the profit after tax stood at Rs 726.67 crore, reflecting a growth of 58.0%.
Polycab India holds a substantial market position, accounting for 34.42% of the entire sector with a market capitalization of Rs 98,443 crore. The company’s return on equity is reported at 20.6, indicating a high level of profitability per unit of capital.
For more insights on Polycab India's financial trends and performance, you can Discover the Latest Mojo Score and Financial Trend Performance - SignUp in less than 2 Minutes and get FREE Premium Access.
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