TheScreener - Polycab India (POLYCAB) POLYCAB INDIA suffers a double requalification, which weighs heavily on its rating, now at Neutral.

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POLYCAB INDIA suffers a double requalification, which weighs heavily on its rating, now at Neutral.

The independent financial analyst theScreener just downgraded the general evaluation of POLYCAB INDIA (IN), active in the Electrical Components & Equipment industry. As regards its fundamental valuation, the title loses a star(s) and now shows 1 out of 4 stars. Its market behaviour is also negatively reassessed and may be considered as moderately risky. theScreener believes that this double requalification keeps the title under pressure and justifies an overall rating downgrade to Neutral. As of the analysis date December 17, 2021, the closing price was INR 2,325.85 and its target price was estimated at INR 1,986.16.

18/12/2021 6 EN

Underlying

Polycab India

Polycab India Ltd. Polycab India Limited is an India-based company, which is engaged in the business of manufacturing and selling wires and cables, and fast moving electrical goods (FMEG) under the POLYCAB brand. The Company operates through three segments: Wires & Cables, Fast moving electrical goods (FMEG) and other. Its Wires & Cables segment manufactures and sells electric wires and cables. Its FMEG segment is an electric consumer durable business, which consists of business covering electric wiring accessories and electric appliances. Its Other segment consists engineering, procurement and construction (EPC) business which includes design, engineering, supply, execution and commissioning of power distribution & rural electrification projects. It offers electric fans, light emitting diodes (LED) lighting and luminaires, switches and switchgears and solar products. It offers power cables, control cables, instrumentation cables, solar cables, building wires, rubber cables and green wires.

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INE455K01017 National Stock Exchange of India India

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POLYCAB INDIA suffers a double requalification, which weighs heavily on its rating, now at Neutral.

Empowering Investors

Monthly LMI Update Independent Investment Research

Feasibility Study Results in December to be a Catalyst for this Junior

AC ENERGY CORP increases its risk exposure and slightly lowers to Neutral

With a more favourable environment, VUKILE PROPERTY improves to Positive

An unfavourable environment weighs on ROYAL BAFOKENG PLATINUM, which sees a downgrade to Slightly Negative

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