Sunday, August 2, 2020

Polycab India Ltd – Eyes international markets amid anti-China sentiments

Polycab India Ltd  closes   at 819.70 with  a  Gain   of   + 1.30%   on    31-July- 2020   with formation of  a  Long Green  Candle    on Daily  Price Chart.

About the Company : Polycab India is one of the largest manufacturers of various types of cables and wires. The Company is also in the business of Engineering, Procurement and Construction projects, Manufacturing and trading of Electrical Wiring Accessories, Electrical Appliances and Agro Pipe and pumps.

Polycab India Ltd  is now concentrating to increase the Export market by 10% growth in TOP line amidst anti china sentiments in world. It has identified 10 international market , where its product will be in demand.

Valuations  :  The Company is now Trading at X 1.10  of its  valuations ( last 4Quaters earnings considered here)at ~10% premium  and at X1.57 of its FY 2021, which is now almost  ~57%  Premium to its value and  X 0.94  of its FY 2022 earning with a Discount   of ~3%   .

The Fare Value of Equity Per Share is 722 for FY2020 and 522 for FY2021.

Disclaimer : We are / may going to take exposure shortly.

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