Polycab India Limited POLYCAB NIFTY_MIDNSEAIINFRA
Polycab India Limited manufactures and sells wires and cables under the POLYCAB brand in India and internationally. The company operates through three segments: Wires and Cables; Fast Moving Electrical Goods (FMEG); and Engineering, Procurement and Construction (EPC). The Wires and Cables segment provides wires, such as PolycabSuprema house wires, PolycabMaxima+ Green wire, PolycabPrimma house wires, ETIRA house wires, PolycabOptima+, GREENWIRE 180m, and POLYCAB LF FR 180m; and cables, such as control, rubber, defense, special, fire protection, marine offshore/onshore, domestic appliance and lighting, aerial bunched, industrial, high temperature, LV power, MV power, EHV power, communication and data, and instrumentation. The Fast Moving Electrical Goods segment offers ceiling, table, pedestal, wall, exhaust, farrata, and air circulated fans; LED lighting and luminaires, such as LED Bulb, downlight, panel light, led batten, outdoor lights, and rope and strip lights; water heaters; switches and accessories; switchgears consisting of isolators, MCB, RCCB, RCBO, distribution board, ACCL, and MCB changeover switches; solar products, including solar panel and invertors; and pumps, conduits, and domestic appliances. The EPC segment designs, engineers, and supplies materials; and engages in the survey, execution, and commissioning of turn-key power distribution, transmission, and rural electrification projects. The company provides coolers and iron appliances. It operates a distribution network through authorized dealers and distributors, and retail outlets. The company was founded in 1964 and is based in Mumbai, India.
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Valuation
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Growth (CAGR)
PROS
- Strong return on equity of 24.6%.
- Healthy ROCE of 30.4%.
- Compounding revenue at 26.6% over 5 years.
- Profit CAGR of 28.1% over 5 years.
- Generates positive free cash flow.
- In a confirmed uptrend (50-DMA above 200-DMA).
CONS
- Trading at a high P/E of 53.5.
* The pros and cons are auto-generated from financial metrics.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth
No fundamental data available for this stock.
Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).
Peer comparison
Peer companies in the same sector (Industrials).
| # | Name | CMP ₹ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | POLYCAB Polycab India Limited NIFTY_MIDNSEAIINFRA | 9,477.50 | 53.48 | ₹1.43 L Cr | 0.37% | 30.44% | 24.58% | 26.57% | 28.11% |
| 2 | LT Larsen & Toubro Limited NIFTY50NSEAIINFRA | 4,076.50 | 34.84 | ₹5.61 L Cr | 0.93% | 14.55% | 16.95% | 16.09% | 15.38% |
| 3 | ADANIPORTS Adani Ports and Special Economic Zone Limited NIFTY50NSEINFRA | 1,804.60 | 30.96 | ₹4.16 L Cr | 0.42% | 11.02% | 15.59% | 22.93% | 34.11% |
| 4 | HAL Hindustan Aeronautics Limited NSEAIDEFENCEINFRAPSU | 4,303.80 | 31.55 | ₹2.88 L Cr | 1.16% | 13.80% | 23.98% | 7.87% | 16.08% |
| 5 | POWERINDIA Hitachi Energy India Limited NIFTY_MIDNSEINFRA | 38,445.00 | 172.41 | ₹1.71 L Cr | 0.02% | 24.92% | 21.04% | 22.24% | 119.12% |
| 6 | INDIGO InterGlobe Aviation Limited NSEINFRA | 4,405.00 | - | ₹1.70 L Cr | 0.24% | 15.53% | - | 44.12% | 72.60% |
| 7 | CUMMINSIND Cummins India Limited NSEINFRA | 5,881.00 | 68.97 | ₹1.63 L Cr | 1.12% | 34.95% | 29.45% | 16.07% | 24.35% |
| 8 | CGPOWER CG Power and Industrial Solutions Limited NSEINFRA | 917.45 | 118.99 | ₹1.44 L Cr | 0.14% | 19.35% | 19.56% | 21.67% | 7.81% |
| 9 | SIEMENS Siemens Limited NSEAIINFRA | 3,844.00 | 81.30 | ₹1.37 L Cr | 0.39% | 16.46% | - | 3.04% | 10.90% |
Quarterly Results
Figures in INR.
| Metric | Dec 2024 | Mar 2025 | Jun 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue | 5,139.66 Cr | 6,985.80 Cr | 5,905.98 Cr | 7,474.88 Cr | 8,864.48 Cr |
| Cost of Revenue | 4,008.09 Cr | 5,205.30 Cr | 4,318.78 Cr | 5,895.52 Cr | 6,786.75 Cr |
| Gross Profit | 1,131.57 Cr | 1,780.50 Cr | 1,587.19 Cr | 1,579.37 Cr | 2,077.73 Cr |
| Operating Expenses | 490.21 Cr | 835.47 Cr | 815.30 Cr | 713.52 Cr | 1,014.22 Cr |
| Operating Income | 641.35 Cr | 945.02 Cr | 771.90 Cr | 865.85 Cr | 1,063.51 Cr |
| EBITDA | 738.50 Cr | 1,073.46 Cr | 937.55 Cr | 1,005.57 Cr | 1,221.72 Cr |
| Interest Expense | 43.37 Cr | 32.54 Cr | 51.26 Cr | 57.77 Cr | 74.64 Cr |
| Pretax Income | 616.57 Cr | 960.56 Cr | 800.59 Cr | 842.20 Cr | 1,049.29 Cr |
| Tax Provision | 152.22 Cr | 226.19 Cr | 200.89 Cr | 212.03 Cr | 263.68 Cr |
| Net Income | 457.56 Cr | 726.67 Cr | 592.12 Cr | 621.69 Cr | 772.77 Cr |
| Diluted EPS | 30.31 | 48.13 | 39.21 | 41.19 | 52.00 |
Profit & Loss (Annual)
Figures in INR.
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue | - | 13,941.89 Cr | 17,760.41 Cr | 22,031.42 Cr | 28,269.51 Cr |
| Cost of Revenue | - | 10,820.42 Cr | 13,738.20 Cr | 17,343.21 Cr | 22,160.17 Cr |
| Gross Profit | - | 3,121.47 Cr | 4,022.22 Cr | 4,688.21 Cr | 6,109.34 Cr |
| Operating Expenses | - | 1,478.15 Cr | 1,760.83 Cr | 2,018.16 Cr | 2,393.60 Cr |
| Operating Income | - | 1,643.33 Cr | 2,261.38 Cr | 2,670.04 Cr | 3,715.73 Cr |
| EBITDA | - | 1,960.58 Cr | 2,695.79 Cr | 3,138.92 Cr | 4,194.26 Cr |
| Interest Expense | - | 44.16 Cr | 91.45 Cr | 139.97 Cr | 195.32 Cr |
| Pretax Income | - | 1,707.26 Cr | 2,359.30 Cr | 2,700.84 Cr | 3,613.07 Cr |
| Tax Provision | - | 424.17 Cr | 556.38 Cr | 655.31 Cr | 904.65 Cr |
| Net Income | - | 1,270.78 Cr | 1,784.05 Cr | 2,019.99 Cr | 2,672.03 Cr |
| Diluted EPS | - | 84.66 | 118.49 | 133.80 | 176.95 |
Compounded Sales Growth
| 5 Years: | 26.57% |
| 1 Year: | 26.90% |
Compounded Profit Growth
| 5 Years: | 28.11% |
| 1 Year: | 8.00% |
Stock Price Performance
| 1 Year: | +58.78% |
| 6 Months: | +27.61% |
| 3 Months: | +18.86% |
| 1 Month: | +16.31% |
Balance Sheet (Annual)
Figures in INR.
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Total Assets | - | 9,425.48 Cr | 12,078.88 Cr | 13,775.77 Cr | 20,476.19 Cr |
| Current Assets | - | 6,908.75 Cr | 8,713.96 Cr | 9,319.00 Cr | 14,660.51 Cr |
| Cash & Equivalents | - | 152.75 Cr | 307.03 Cr | 217.39 Cr | 390.34 Cr |
| Inventory | - | 2,951.38 Cr | 3,675.11 Cr | 3,661.30 Cr | 5,559.60 Cr |
| Receivables | - | 1,246.60 Cr | 2,047.12 Cr | 2,596.27 Cr | 3,758.50 Cr |
| Total Liabilities | - | 2,750.89 Cr | 3,835.54 Cr | 3,865.94 Cr | 8,349.42 Cr |
| Current Liabilities | - | 2,620.49 Cr | 3,594.14 Cr | 3,510.15 Cr | 7,965.24 Cr |
| Long Term Debt | - | 4.21 Cr | 22.60 Cr | 41.94 Cr | 39.27 Cr |
| Total Debt | - | 1,335.10 Cr | 2,023.06 Cr | 1,508.67 Cr | 4,501.14 Cr |
| Total Equity | - | 6,637.21 Cr | 8,187.13 Cr | 9,828.06 Cr | 12,008.58 Cr |
| Shares Outstanding | - | 14.98 Cr | 15.02 Cr | 15.04 Cr | 15.06 Cr |
Cash Flows (Annual)
Figures in INR.
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Operating Cash Flow | - | 1,427.52 Cr | 1,296.24 Cr | 1,808.53 Cr | 3,810.67 Cr |
| Investing Cash Flow | - | -1,202.65 Cr | -751.88 Cr | -1,239.31 Cr | -2,849.71 Cr |
| Financing Cash Flow | - | -227.07 Cr | -387.41 Cr | -628.27 Cr | -799.04 Cr |
| Capital Expenditure | - | -479.45 Cr | -858.52 Cr | -969.73 Cr | -1,480.51 Cr |
| Free Cash Flow | - | 948.07 Cr | 437.72 Cr | 838.80 Cr | 2,330.15 Cr |
| Net Change in Cash | - | -2.20 Cr | 156.95 Cr | -59.05 Cr | 161.92 Cr |
Ratios (Annual)
Figures in %.
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Gross Margin % | - | 22.4% | 22.6% | 21.3% | 21.6% |
| Operating Margin % | - | 11.8% | 12.7% | 12.1% | 13.1% |
| Net Margin % | - | 9.1% | 10.0% | 9.2% | 9.5% |
| ROE % | - | 19.1% | 21.8% | 20.6% | 22.3% |
| ROCE % | - | 24.1% | 26.7% | 26.0% | 29.7% |
Shareholding Pattern
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
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