I've been keeping an eye on Polycab India Limited (NSE:POLYCAB) because I'm attracted to its fundamentals. Looking at the company as a whole, as a potential stock investment, I believe POLYCAB has a lot to offer. Basically, it is a company with great financial health as well as a an impressive history of performance. Below is a brief commentary on these key aspects. If you're interested in understanding beyond my broad commentary, read the full report on Polycab India here.

Flawless balance sheet with solid track record

Over the past year, POLYCAB has grown its earnings by 33%, with its most recent figure exceeding its annual average over the past five years. In addition to beating its historical values, POLYCAB also outperformed its industry, which delivered a growth of 17%. This paints a buoyant picture for the company. POLYCAB is financially robust, with ample cash on hand and short-term investments to meet upcoming liabilities. This implies that POLYCAB manages its cash and cost levels well, which is an important determinant of the company’s health. POLYCAB's has produced operating cash levels of 4.51x total debt over the past year, which implies that POLYCAB's management has put its borrowings into good use by generating enough cash to cover a sufficient portion of borrowings.

Next Steps:

For Polycab India, I've put together three key factors you should further examine:

1. Future Outlook: What are well-informed industry analysts predicting for POLYCAB’s future growth? Take a look at our free research report of analyst consensus for POLYCAB’s outlook.

2. Valuation: What is POLYCAB worth today? Is the stock undervalued, even when its growth outlook is factored into its intrinsic value? The intrinsic value infographic in our free research report helps visualize whether POLYCAB is currently mispriced by the market.

3. Other Attractive Alternatives : Are there other well-rounded stocks you could be holding instead of POLYCAB? Explore our interactive list of stocks with large potential to get an idea of what else is out there you may be missing!

We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.

If you spot an error that warrants correction, please contact the editor at editorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned. Thank you for reading.