Polycab India Ltd

AI
Polycab India Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents
AI

Polycab India Ltd

₹ 7,671 -1.28%
22 Oct - close price
polycab.com BSE: 542652 NSE: POLYCAB F&O
About

Polycab is India’s leading manufacturers of cables and wires and allied products such as uPVC conduits and lugs and glands. We have a range of cables and wires for practically every application. More recently Polycab has also launched a wide range of consumer electrical products like Fans, Switches, Switchgear, LED lights and Luminaries, Solar Inverters, and Pumps.

Key Points

Business Segments[1] [2]
a) Wires & Cables (87% in FY26 vs 84% in FY25): [3] [4]
The company is India’s leading manufacturer of wires and cables, including flexible wires, building wires, optical fiber cables, rubber cables, control cables, and special-purpose cables, etc. It offers over 9,650 SKUs across retail and industrial applications and commands a 30-31% share of the organized domestic market.

Website BSE NSE F&O
  • Market Cap ₹ 1,15,607 Cr.
  • Current Price ₹ 7,671
  • High / Low ₹ 10,129 / 6,660
  • Stock P/E 37.3
  • Book Value ₹ 856
  • Dividend Yield 0.61 %
  • ROCE 32.9 %
  • ROE 22.7 %
  • Face Value ₹ 10.0
Edit ratios

Pros

  • Company is almost debt free.
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 24.5% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 26.4%
  • Company's median sales growth is 19.8% of last 10 years
  • Company's working capital requirements have reduced from 48.6 days to 31.2 days

Cons

  • Stock is trading at 8.96 times its book value
  • Promoter holding has decreased over last 3 years: -4.47%

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Industrials Capital Goods Industrial Products Cables - Electricals

Part of BSE 500 BSE Capital Goods BSE 200 BSE Dollex 200 Nifty Next 50

Edit Columns
Loading peers table ...

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026 Sep 2026
4,256 4,513 5,433 4,601 5,366 5,105 6,862 5,704 6,356 7,519 8,585 8,034 9,840
3,625 3,892 4,796 4,042 4,761 4,406 5,862 4,899 5,371 6,573 7,474 6,943 8,457
Operating Profit 631 621 637 559 605 699 1,000 805 985 946 1,111 1,092 1,383
OPM % 15% 14% 12% 12% 11% 14% 15% 14% 15% 13% 13% 14% 14%
36 71 52 60 78 25 54 82 47 43 58 103 86
Interest 24 30 23 39 42 48 30 49 46 66 72 77 90
Depreciation 58 60 63 65 69 76 77 82 94 103 94 99 105
Profit before tax 584 602 603 515 571 601 947 756 892 821 1,003 1,018 1,274
Tax % 23% 24% 24% 25% 25% 25% 23% 25% 25% 25% 25% 25% 24%
450 459 458 388 431 453 726 568 671 614 750 766 965
EPS in Rs 29.98 30.58 30.49 25.78 28.64 30.11 48.29 37.73 44.58 40.82 49.85 50.87 64.05
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 TTM
4,697 5,203 5,500 6,759 7,940 8,807 8,736 12,098 13,914 18,051 22,052 28,185 33,978
4,263 4,709 5,023 6,035 6,992 7,689 7,645 10,857 12,103 15,614 19,187 24,330 29,446
Operating Profit 434 494 477 724 948 1,118 1,091 1,241 1,811 2,436 2,865 3,855 4,532
OPM % 9% 9% 9% 11% 12% 13% 12% 10% 13% 14% 13% 14% 13%
5 32 75 67 64 92 120 214 136 220 204 220 290
Interest 108 147 65 92 116 48 41 33 56 100 161 233 305
Depreciation 97 111 127 132 140 159 174 197 206 237 288 373 401
Profit before tax 234 267 360 567 757 1,003 995 1,225 1,685 2,319 2,620 3,468 4,116
Tax % 33% 30% 35% 37% 34% 24% 16% 24% 25% 24% 24% 25%
157 186 232 358 501 761 831 931 1,269 1,770 1,987 2,601 3,096
EPS in Rs 11.13 13.21 16.45 25.38 35.51 51.10 55.75 62.32 84.73 117.79 132.06 172.76 205.59
Dividend Payout % 9% 13% 6% 4% 8% 14% 18% 22% 24% 25% 26% 27%
Compounded Sales Growth
10 Years: 18%
5 Years: 26%
3 Years: 27%
TTM: 41%
Compounded Profit Growth
10 Years: 29%
5 Years: 24%
3 Years: 26%
TTM: 28%
Stock Price CAGR
10 Years: %
5 Years: 28%
3 Years: 14%
1 Year: 2%
Return on Equity
10 Years: 20%
5 Years: 21%
3 Years: 22%
Last Year: 23%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 Sep 2026
Equity Capital 141 141 141 141 141 149 149 149 150 150 150 151 151
Reserves 1,484 1,638 1,853 2,207 2,708 3,691 4,558 5,371 6,456 7,994 9,585 11,694 12,748
545 794 844 789 258 146 125 111 36 51 76 89 94
1,154 1,305 1,722 1,287 2,488 1,942 1,894 1,676 2,585 3,562 3,568 8,020 10,174
Total Liabilities 3,325 3,878 4,561 4,424 5,595 5,928 6,727 7,307 9,227 11,758 13,379 19,954 23,167
822 984 1,113 1,180 1,255 1,395 1,581 1,619 2,026 2,275 2,904 3,603 3,786
CWIP 179 132 165 135 186 241 98 374 249 537 701 1,130 1,393
Investments 2 4 37 39 43 86 697 813 1,382 1,824 1,717 3,365 3,979
2,322 2,758 3,246 3,070 4,112 4,206 4,351 4,500 5,569 7,121 8,056 11,855 14,009
Total Assets 3,325 3,878 4,561 4,424 5,595 5,928 6,727 7,307 9,227 11,758 13,379 19,954 23,167

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
207 221 283 352 1,224 234 1,175 461 1,452 1,292 1,803 3,747
-176 -251 -269 -178 -396 -257 -1,038 -360 -1,188 -762 -1,161 -2,820
-37 41 -19 -189 -657 16 -110 -185 -256 -396 -667 -776
Net Cash Flow -6 10 -5 -15 171 -8 27 -84 8 133 -24 152
Free Cash Flow 14 -18 14 180 953 -53 987 -38 1,005 473 882 2,308
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit 60% 69% 80% 68% 148% 48% 129% 64% 100% 76% 84% 119%

Ratios

Standalone / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 84 95 80 70 62 60 60 39 32 46 47 48
Inventory Days 95 94 134 97 127 115 111 84 102 92 78 97
Days Payable 103 102 119 66 97 81 75 46 71 79 64 108
Cash Conversion Cycle 76 86 94 101 92 93 97 77 63 59 61 37
Working Capital Days 50 49 52 57 45 71 71 67 59 60 55 31
ROCE % 17% 18% 16% 22% 28% 29% 23% 21% 27% 31% 30% 33%

Insights

In beta
Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
FMEG Segment Revenue
INR Mn

Log in to view insights

Please log in to see hidden values.

Login
Exports Revenue (International Business)
INR Mn
International Footprint (Number of Countries)
count
Market Share in Domestic Organized Wires & Cables
%

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
65.78% 65.24% 65.02% 63.06% 63.05% 63.04% 63.01% 61.53% 61.50% 61.50% 61.46% 61.44%
13.41% 11.96% 13.63% 13.49% 12.76% 11.11% 11.45% 13.96% 14.82% 18.21% 19.00% 18.06%
7.61% 7.23% 6.93% 9.35% 10.66% 10.95% 11.61% 11.70% 11.13% 7.95% 7.62% 7.91%
13.18% 15.58% 14.42% 14.11% 13.52% 14.90% 13.94% 12.83% 12.54% 12.33% 11.92% 12.60%
No. of Shareholders 3,37,3804,23,7873,85,2853,84,9493,74,7874,27,9283,98,0643,70,8713,62,5803,62,9973,56,7773,85,413

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

Announcements

Annual reports

DRHP

Credit ratings

Concalls