Polycab India Ltd. benchmarking: Performance to industry peers

Financial

	Polycab India	KEI Industries	RR Kabel Ltd.
Operational Metrics
Engineering & Capital Goods
Manufacturing Capacity - Wires & Cables	6.0 Mn Km	n/a	4.47 Mn Km
Manufacturing Capacity - Fans	9.0 Mn Units	n/a	3.3 Mn Units
Manufacturing Capacity - Switches & Switchgear Lights	24.0 Mn Units	n/a	16.88 Mn Units
Manufacturing Capacity - Lights & Luminaries	18.2 Mn Units	n/a	n/a
Steel
Manufacturing Capacity - Copper Wire Rods	225000.0 MTPA	n/a	n/a
Manufacturing Capacity - Wire Ropes	60000.0 MTPA	n/a	n/a
Financials
5 yr Average ROE	19.29 %	16.35 %	14.84 %
5yr average Equity Multiplier	1.42	1.51	1.67
5yr Average Asset Turnover Ratio	1.51	1.59	2.07
5yr Avg Net Profit Margin	9.08 %	6.85 %	4.37 %
Price to Book	9.77	6.26	7.18
P/E	39.4	45.0	37.07
5yr Avg Cash Conversion Cycle	68.67 Days	93.71 Days	42.91 Days
Inventory Days	67.45 Days	59.98 Days	50.37 Days
Days Receivable	37.82 Days	62.14 Days	33.72 Days
Days Payable	28.3 Days	37.62 Days	25.58 Days
5yr Average Interest Coverage Ratio	25.35	15.4	8.65
5yr Avg ROCE	24.94 %	23.06 %	21.03 %
5yr Avg Operating Profit Margin	12.59 %	10.38 %	6.92 %
5 yr average Debt to Equity	0.02	0.09	0.3
5yr CAGR Net Profit	18.02 %	20.91 %	18.14 %
5yr Average Return on Assets	13.56 %	10.88 %	8.96 %
Shareholdings
Promoter Holding	61.5 %	35.0 %	61.66 %
Share Pledged by Promoters	0.0	0.0	0.0
Change in Promoter Holding (3 Yrs)	-5.11 %	-2.32 %	-1.1 %
Change in Mutual Fund Holding (3 Yrs)	0.93 %	8.91 %	6.48 %

Business

	Polycab India	KEI Industries	RR Kabel Ltd.
Product Wise Break-Up	Product Wise Break-Up Wires & Cables 88.32 Fast moving electrical goods (FMEG) 6.44 EPC 5.24 HW/WW 0 SS Wire 0 EHV 0 HT Cable 0 LT Cable 0	Product Wise Break-Up HW,WW 35.19 HT Cable 14.1 LT Cable 41.06 EHV 5.16 EPC 2.7 Fast moving electrical goods (FMEG) 0 SS Wire 1.79 Wires & Cables 0	-
Location Wise Break-Up	Location Wise Break-Up India 94.33 Rest of the World 5.67	Location Wise Break-Up India 87.0 Rest of the World 13.0	Location Wise Break-Up India 74.0 Rest of the World 0 Others 26.0
Distribution Channel	Distribution Channel B2B 69.15 B2C 29.29 Export 0 Institutional 0 Retail 0 Others 1.56	Distribution Channel Export 10.0 B2C 0 Retail 41.0 Institutional 49.0 B2B 0	Distribution Channel Export 0 B2C 74.0 Retail 0 Institutional 0 B2B 26.0
Operating Profit Break-Up	Operating Profit Break-Up Wires & Cables 95.3 EPC 3.11 FMCG 1.59 EPC Projects 0 Stainless Steel Wire 0 Cables 0 Wires and Cables 0	Operating Profit Break-Up EPC Projects 0.49 FMCG 0 Wires and Cables 0 EPC 0 Cables 98.48 Stainless Steel Wire 1.02 Wires & Cables 0 Others 0.01	Operating Profit Break-Up EPC Projects 0 FMCG 0 Wires and Cables 100.0 EPC 0 Cables 0 Stainless Steel Wire 0 Wires & Cables 0
Raw Material Break-Up	Raw Material Break-Up Copper 58.4 Aluminum 20.29 PVC 11.0 Others 5.83 Steel 3.04 Packing Material 1.45	-	-
Asset Break-Up - Segment Wise	Asset Break-Up - Segment Wise FMEG 0 Wires and Cables 0 Others 100	-	Asset Break-Up - Segment Wise Wires and Cables 89.02 FMEG 10.98
Asset Break-Up	Asset Break-Up EPC Projects 0 Stainless Steel Wire 0 Cables 0 Others 100	Asset Break-Up Cables 74.84 EPC Projects 6.32 Stainless Steel Wire 1.1 Others 17.74	-

Polycab India Ltd.

Polycab India Ltd.

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