Polycab India share price: Hold Polycab India, target price Rs 2335: BNP Paribas
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Securities has hold call on Polycab India with a target price of Rs 2335. The current market price of is Rs 2253.75. Time period given by analyst is one year when . price can reach defined target.
Polycab India Ltd., incorporated in the year 1996, is a Mid Cap company (having a market cap of Rs 33742.74 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 31-03-2022, the company reported a Consolidated Total Income of Rs 3986.81 Crore, up 17.48 % from last quarter Total Income of Rs 3393.64 Crore and up 30.08 % from last year same quarter Total Income of Rs 3064.79 Crore. Company reported net profit after tax of Rs 325.71 Crore in latest quarter.
Promoter/FII Holdings
Promoters held 68.08 per cent stake in the company as of 31-Mar-2022, while FIIs owned 5.75 per cent, DIIs 9.18 per cent.
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