Share Price and Basic Stock Data
Last Updated: November 26, 2025, 5:49 pm
| PEG Ratio | 2.11 |
|---|
Analyst Insight & Comprehensive Analysis
AI Stock Ranker – Real-Time Fundamental Strength Score
Business Overview and Revenue Trends
Polycab India Ltd operates in the cables and wires industry, focusing on power and other applications. The company’s stock price stood at ₹7,688, with a market capitalization of ₹1,15,704 Cr. Over the years, Polycab has exhibited robust sales growth, with reported revenue from operations rising from ₹12,204 Cr in FY 2022 to ₹14,108 Cr in FY 2023, and further projected to reach ₹18,039 Cr in FY 2024. The revenue for the trailing twelve months (TTM) reached ₹24,595 Cr, indicating a strong upward trajectory. Quarterly sales have shown resilience, peaking at ₹5,592 Cr in Mar 2025, compared to ₹4,324 Cr in Mar 2023. This growth reflects increasing demand for its products and an expanding market presence. The company’s operational performance is underscored by an operating profit margin (OPM) of 15%, indicating effective cost management strategies. The combination of a growing market and efficient operations positions Polycab favorably within the competitive landscape, against typical sector norms.
Profitability and Efficiency Metrics
Polycab India Ltd has demonstrated impressive profitability metrics, with a net profit of ₹2,491 Cr, translating to a robust return on equity (ROE) of 21.4%. The company’s return on capital employed (ROCE) stood at 29.7%, showcasing its efficient use of capital to generate earnings. The OPM has remained stable, recorded at 15%, which is indicative of effective cost controls and pricing power in a competitive market. Quarterly results also reflect consistency, with net profits peaking at ₹734 Cr in Mar 2025. The interest coverage ratio (ICR) is notable at 18.75x, indicating strong earnings relative to interest expenses, suggesting that the company can comfortably meet its debt obligations. Furthermore, the cash conversion cycle (CCC) is maintained at 64 days, reflecting efficient working capital management. Overall, Polycab’s profitability and efficiency metrics position it favorably compared to industry standards, highlighting its operational strengths.
Balance Sheet Strength and Financial Ratios
Polycab’s balance sheet exhibits significant strength, characterized by total reserves of ₹9,675 Cr and minimal borrowings of ₹202 Cr, resulting in a low total debt-to-equity ratio of 0.01. This indicates a conservative leverage strategy, providing financial stability and flexibility for future growth initiatives. The company’s current ratio is robust at 2.65, exceeding typical sector benchmarks, which suggests a strong liquidity position to cover short-term liabilities. The book value per share has increased to ₹653.14, reflecting the company’s retained earnings and growth in net worth. Furthermore, Polycab’s asset turnover ratio of 1.73 signifies efficient asset utilization in generating revenue. However, the price-to-book value (P/BV) ratio is high at 7.88x, which may indicate that the stock is expensive relative to its book value. Overall, the balance sheet metrics underscore Polycab’s financial health while also highlighting areas for investor consideration regarding valuation.
Shareholding Pattern and Investor Confidence
The shareholding pattern of Polycab India Ltd reveals a stable and concentrated ownership structure, with promoters holding 61.53% of the company. This significant promoter stake indicates strong alignment with shareholder interests. Foreign institutional investors (FIIs) have increased their stake to 13.96%, while domestic institutional investors (DIIs) hold 11.70%, reflecting growing investor confidence in Polycab’s growth prospects. The public shareholding accounts for 12.83%, indicating a healthy distribution of shares among retail investors. The total number of shareholders stood at 3,70,871, indicating broad market participation. Notably, the promoter shareholding has gradually declined from 66.61% in Dec 2022 to the current level, which may signal a potential dilution of control but also reflects a strategy to broaden the investor base. Overall, the shareholding dynamics suggest a positive outlook for investor confidence, supported by the company’s strong performance metrics.
Outlook, Risks, and Final Insight
Looking ahead, Polycab India Ltd is well-positioned for continued growth, driven by strong demand for its products and a solid financial foundation. However, potential risks include fluctuations in raw material prices, which could impact margins, and increasing competition that may pressure pricing strategies. Moreover, the high P/BV ratio could suggest vulnerability to market corrections. Should the company maintain its growth trajectory and manage its operational efficiencies, it could enhance shareholder value significantly. Conversely, if external factors such as economic downturns or supply chain disruptions arise, they could pose challenges to profitability. Overall, Polycab presents a compelling investment case, contingent on its ability to navigate market dynamics effectively while leveraging its operational strengths for sustainable growth.
Source: Getaka Fundamental Analysis | Generated using proprietary financial data.
Competitors of Polycab India Ltd
| Stock Name ⇩ | Market Cap ⇩ | Current Price ⇩ | High / Low ⇩ | Stock P/E ⇩ | Book Value ⇩ | Dividend Yield ⇩ | ROCE ⇩ | ROE ⇩ | Face Value ⇩ |
|---|---|---|---|---|---|---|---|---|---|
| Motherson Sumi Wiring India Ltd | 30,492 Cr. | 46.0 | 50.5/30.7 | 49.7 | 2.78 | 1.23 % | 42.5 % | 35.9 % | 1.00 |
| Hindusthan Urban Infrastructure Ltd | 312 Cr. | 2,159 | 2,970/1,651 | 2,003 | 0.00 % | 6.82 % | 11.5 % | 10.0 | |
| Dynamic Cables Ltd | 1,642 Cr. | 339 | 548/228 | 21.3 | 84.7 | 0.07 % | 26.4 % | 22.1 % | 10.0 |
| Cybele Industries Ltd | 42.6 Cr. | 39.9 | 42.5/18.2 | 3.14 | 55.9 | 0.00 % | 13.2 % | 22.1 % | 10.0 |
| BC Power Controls Ltd | 14.8 Cr. | 2.12 | 4.98/1.57 | 11.3 | 6.12 | 0.00 % | 3.90 % | 1.92 % | 2.00 |
| Industry Average | 20,969.50 Cr | 1,371.66 | 37.24 | 370.81 | 0.31% | 18.06% | 16.30% | 6.77 |
Quarterly Result
| Metric | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 2,737 | 3,332 | 3,715 | 4,324 | 3,889 | 4,218 | 4,340 | 5,592 | 4,698 | 5,498 | 5,226 | 6,986 | 5,906 |
| Expenses | 2,427 | 2,906 | 3,212 | 3,721 | 3,341 | 3,609 | 3,771 | 4,830 | 4,115 | 4,867 | 4,506 | 5,960 | 5,048 |
| Operating Profit | 310 | 427 | 503 | 603 | 549 | 609 | 570 | 762 | 583 | 632 | 720 | 1,025 | 858 |
| OPM % | 11% | 13% | 14% | 14% | 14% | 14% | 13% | 14% | 12% | 11% | 14% | 15% | 15% |
| Other Income | 44 | -2 | 40 | 52 | 64 | 35 | 71 | 54 | 58 | 76 | 25 | 48 | 80 |
| Interest | 8 | 14 | 9 | 28 | 25 | 27 | 32 | 24 | 41 | 45 | 50 | 33 | 51 |
| Depreciation | 51 | 52 | 52 | 53 | 57 | 60 | 62 | 66 | 67 | 72 | 79 | 80 | 86 |
| Profit before tax | 295 | 358 | 481 | 573 | 530 | 557 | 546 | 725 | 533 | 590 | 617 | 961 | 801 |
| Tax % | 24% | 24% | 25% | 25% | 24% | 23% | 24% | 24% | 25% | 25% | 25% | 24% | 25% |
| Net Profit | 223 | 271 | 361 | 429 | 403 | 430 | 417 | 553 | 402 | 445 | 464 | 734 | 600 |
| EPS in Rs | 14.69 | 17.91 | 23.89 | 28.38 | 26.67 | 28.37 | 27.49 | 36.34 | 26.34 | 29.24 | 30.42 | 48.31 | 39.34 |
Last Updated: August 1, 2025, 3:11 pm
Below is a detailed analysis of the quarterly data for Polycab India Ltd based on the most recent figures (Jun 2025) and their trends compared to the previous period:
- For Sales, as of Jun 2025, the value is 5,906.00 Cr.. The value appears to be declining and may need further review. It has decreased from 6,986.00 Cr. (Mar 2025) to 5,906.00 Cr., marking a decrease of 1,080.00 Cr..
- For Expenses, as of Jun 2025, the value is 5,048.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 5,960.00 Cr. (Mar 2025) to 5,048.00 Cr., marking a decrease of 912.00 Cr..
- For Operating Profit, as of Jun 2025, the value is 858.00 Cr.. The value appears to be declining and may need further review. It has decreased from 1,025.00 Cr. (Mar 2025) to 858.00 Cr., marking a decrease of 167.00 Cr..
- For OPM %, as of Jun 2025, the value is 15.00%. The value remains steady. There is no change compared to the previous period (Mar 2025) which recorded 15.00%.
- For Other Income, as of Jun 2025, the value is 80.00 Cr.. The value appears strong and on an upward trend. It has increased from 48.00 Cr. (Mar 2025) to 80.00 Cr., marking an increase of 32.00 Cr..
- For Interest, as of Jun 2025, the value is 51.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 33.00 Cr. (Mar 2025) to 51.00 Cr., marking an increase of 18.00 Cr..
- For Depreciation, as of Jun 2025, the value is 86.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 80.00 Cr. (Mar 2025) to 86.00 Cr., marking an increase of 6.00 Cr..
- For Profit before tax, as of Jun 2025, the value is 801.00 Cr.. The value appears to be declining and may need further review. It has decreased from 961.00 Cr. (Mar 2025) to 801.00 Cr., marking a decrease of 160.00 Cr..
- For Tax %, as of Jun 2025, the value is 25.00%. The value appears to be increasing, which may not be favorable. It has increased from 24.00% (Mar 2025) to 25.00%, marking an increase of 1.00%.
- For Net Profit, as of Jun 2025, the value is 600.00 Cr.. The value appears to be declining and may need further review. It has decreased from 734.00 Cr. (Mar 2025) to 600.00 Cr., marking a decrease of 134.00 Cr..
- For EPS in Rs, as of Jun 2025, the value is 39.34. The value appears to be declining and may need further review. It has decreased from 48.31 (Mar 2025) to 39.34, marking a decrease of 8.97.
Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.
Profit & Loss - Annual Report
Last Updated: November 15, 2025, 4:40 am
| Metric | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 3,986 | 4,707 | 5,202 | 5,500 | 6,770 | 7,986 | 8,830 | 8,792 | 12,204 | 14,108 | 18,039 | 22,408 | 24,595 |
| Expenses | 3,687 | 4,266 | 4,710 | 5,020 | 6,041 | 7,035 | 7,701 | 7,681 | 10,940 | 12,265 | 15,548 | 19,445 | 20,971 |
| Operating Profit | 299 | 442 | 492 | 480 | 729 | 950 | 1,129 | 1,111 | 1,264 | 1,843 | 2,492 | 2,964 | 3,624 |
| OPM % | 8% | 9% | 9% | 9% | 11% | 12% | 13% | 13% | 10% | 13% | 14% | 13% | 15% |
| Other Income | 8 | 5 | 32 | 75 | 65 | 64 | 91 | 164 | 161 | 133 | 221 | 204 | 198 |
| Interest | 94 | 108 | 147 | 66 | 94 | 117 | 50 | 43 | 35 | 60 | 108 | 169 | 182 |
| Depreciation | 71 | 98 | 111 | 128 | 133 | 141 | 161 | 176 | 202 | 209 | 245 | 298 | 341 |
| Profit before tax | 142 | 241 | 265 | 361 | 567 | 756 | 1,010 | 1,056 | 1,188 | 1,707 | 2,359 | 2,701 | 3,299 |
| Tax % | 37% | 32% | 30% | 36% | 37% | 34% | 24% | 16% | 23% | 25% | 24% | 24% | |
| Net Profit | 89 | 164 | 185 | 233 | 359 | 500 | 766 | 886 | 917 | 1,283 | 1,803 | 2,046 | 2,491 |
| EPS in Rs | 12.65 | 11.64 | 13.09 | 16.48 | 25.35 | 35.39 | 50.97 | 59.15 | 60.80 | 84.85 | 118.75 | 134.28 | 163.61 |
| Dividend Payout % | 8% | 9% | 13% | 6% | 0% | 8% | 14% | 17% | 23% | 24% | 25% | 26% |
YoY Net Profit Growth
| Year | 2014-2015 | 2015-2016 | 2016-2017 | 2017-2018 | 2018-2019 | 2019-2020 | 2020-2021 | 2021-2022 | 2022-2023 | 2023-2024 | 2024-2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| YoY Net Profit Growth (%) | 84.27% | 12.80% | 25.95% | 54.08% | 39.28% | 53.20% | 15.67% | 3.50% | 39.91% | 40.53% | 13.48% |
| Change in YoY Net Profit Growth (%) | 0.00% | -71.46% | 13.14% | 28.13% | -14.80% | 13.92% | -37.53% | -12.17% | 36.41% | 0.62% | -27.05% |
Polycab India Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.
Growth
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 17% |
| 5 Years: | 20% |
| 3 Years: | 22% |
| TTM: | 25% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 28% |
| 5 Years: | 21% |
| 3 Years: | 29% |
| TTM: | 24% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 53% |
| 3 Years: | 43% |
| 1 Year: | 9% |
| Return on Equity | |
|---|---|
| 10 Years: | 20% |
| 5 Years: | 21% |
| 3 Years: | 22% |
| Last Year: | 21% |
Last Updated: September 5, 2025, 12:20 pm
Balance Sheet
Last Updated: June 16, 2025, 11:32 am
| Month | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 71 | 141 | 141 | 141 | 141 | 141 | 149 | 149 | 149 | 150 | 150 | 150 |
| Reserves | 1,412 | 1,489 | 1,642 | 1,853 | 2,206 | 2,706 | 3,688 | 4,605 | 5,394 | 6,487 | 8,037 | 9,675 |
| Borrowings | 458 | 546 | 796 | 856 | 800 | 272 | 157 | 282 | 118 | 109 | 161 | 202 |
| Other Liabilities | 823 | 1,138 | 1,296 | 1,729 | 1,300 | 2,509 | 1,967 | 1,978 | 1,750 | 2,678 | 3,718 | 3,721 |
| Total Liabilities | 2,763 | 3,314 | 3,875 | 4,579 | 4,448 | 5,628 | 5,961 | 7,015 | 7,412 | 9,424 | 12,066 | 13,749 |
| Fixed Assets | 750 | 822 | 985 | 1,128 | 1,197 | 1,276 | 1,422 | 1,870 | 1,675 | 2,067 | 2,338 | 3,011 |
| CWIP | 116 | 179 | 138 | 165 | 136 | 193 | 241 | 99 | 375 | 251 | 578 | 708 |
| Investments | 0 | 0 | 0 | 33 | 32 | 29 | 65 | 635 | 773 | 1,350 | 1,822 | 1,749 |
| Other Assets | 1,897 | 2,312 | 2,752 | 3,253 | 3,083 | 4,130 | 4,232 | 4,411 | 4,588 | 5,756 | 7,328 | 8,280 |
| Total Assets | 2,763 | 3,314 | 3,875 | 4,579 | 4,448 | 5,628 | 5,961 | 7,015 | 7,412 | 9,424 | 12,066 | 13,749 |
Below is a detailed analysis of the balance sheet data for Polycab India Ltd based on the most recent figures (Mar 2025) and their trends compared to the previous period:
- For Equity Capital, as of Mar 2025, the value is 150.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded 150.00 Cr..
- For Reserves, as of Mar 2025, the value is 9,675.00 Cr.. The value appears strong and on an upward trend. It has increased from 8,037.00 Cr. (Mar 2024) to 9,675.00 Cr., marking an increase of 1,638.00 Cr..
- For Borrowings, as of Mar 2025, the value is 202.00 Cr.. The value appears to be increasing, which may not be favorable. Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has increased from 161.00 Cr. (Mar 2024) to 202.00 Cr., marking an increase of 41.00 Cr..
- For Other Liabilities, as of Mar 2025, the value is 3,721.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 3,718.00 Cr. (Mar 2024) to 3,721.00 Cr., marking an increase of 3.00 Cr..
- For Total Liabilities, as of Mar 2025, the value is 13,749.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 12,066.00 Cr. (Mar 2024) to 13,749.00 Cr., marking an increase of 1,683.00 Cr..
- For Fixed Assets, as of Mar 2025, the value is 3,011.00 Cr.. The value appears strong and on an upward trend. It has increased from 2,338.00 Cr. (Mar 2024) to 3,011.00 Cr., marking an increase of 673.00 Cr..
- For CWIP, as of Mar 2025, the value is 708.00 Cr.. The value appears strong and on an upward trend. It has increased from 578.00 Cr. (Mar 2024) to 708.00 Cr., marking an increase of 130.00 Cr..
- For Investments, as of Mar 2025, the value is 1,749.00 Cr.. The value appears to be declining and may need further review. It has decreased from 1,822.00 Cr. (Mar 2024) to 1,749.00 Cr., marking a decrease of 73.00 Cr..
- For Other Assets, as of Mar 2025, the value is 8,280.00 Cr.. The value appears strong and on an upward trend. It has increased from 7,328.00 Cr. (Mar 2024) to 8,280.00 Cr., marking an increase of 952.00 Cr..
- For Total Assets, as of Mar 2025, the value is 13,749.00 Cr.. The value appears strong and on an upward trend. It has increased from 12,066.00 Cr. (Mar 2024) to 13,749.00 Cr., marking an increase of 1,683.00 Cr..
Notably, the Reserves (9,675.00 Cr.) exceed the Borrowings (202.00 Cr.), indicating a solid financial buffer.
Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.
Cash Flow
| Month | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Free Cash Flow
| Month | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Free Cash Flow | -159.00 | -104.00 | -304.00 | -376.00 | -71.00 | 678.00 | -156.00 | -281.00 | -117.00 | -108.00 | -159.00 | -200.00 |
Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)
Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.
Financial Efficiency Indicators
| Month | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 88 | 84 | 95 | 80 | 70 | 61 | 59 | 60 | 39 | 32 | 41 | 42 |
| Inventory Days | 70 | 95 | 94 | 134 | 128 | 116 | 113 | 86 | 104 | 105 | 86 | |
| Days Payable | 77 | 101 | 101 | 120 | 97 | 82 | 77 | 48 | 72 | 82 | 64 | |
| Cash Conversion Cycle | 81 | 78 | 88 | 94 | 70 | 91 | 94 | 96 | 77 | 65 | 65 | 64 |
| Working Capital Days | 92 | 86 | 94 | 96 | 57 | 45 | 71 | 73 | 67 | 58 | 59 | 54 |
| ROCE % | 17% | 17% | 16% | 22% | 28% | 29% | 24% | 21% | 27% | 31% | 30% |
Mutual Fund Holdings
| Fund Name | No of Shares | AUM (%) | Amount Invested (Cr) | Previous Number of Shares | Previous Date | Percentage Change |
|---|---|---|---|---|---|---|
| Canara Robeco Emerging Equities | 848,862 | 2.37 | 447.17 | 848,862 | 2025-04-22 17:25:23 | 0% |
| Nippon India Growth Fund | 602,254 | 1.48 | 317.26 | 602,254 | 2025-04-22 17:25:23 | 0% |
| HSBC Small Cap Fund - Regular Plan | 436,524 | 1.8 | 229.96 | 436,524 | 2025-04-22 17:25:23 | 0% |
| DSP Mid Cap Fund | 427,612 | 1.41 | 225.26 | 427,612 | 2025-04-22 17:25:23 | 0% |
| UTI Mid Cap Fund | 365,033 | 2.04 | 192.3 | 365,033 | 2025-04-22 17:25:23 | 0% |
| DSP Flexi Cap Fund | 349,502 | 1.95 | 184.11 | 349,502 | 2025-04-22 17:25:23 | 0% |
| Sundaram Mid Cap Fund | 321,006 | 1.82 | 169.1 | 321,006 | 2025-04-22 17:25:23 | 0% |
| Sundaram Mid Cap Fund - Institutional Plan | 321,006 | 1.82 | 169.1 | 321,006 | 2025-04-22 17:25:23 | 0% |
| UTI Flexi Cap Fund | 273,210 | 0.56 | 143.92 | 273,210 | 2025-04-22 17:25:23 | 0% |
| DSP Equity & Bond Fund | 239,991 | 1.5 | 126.42 | 239,991 | 2025-04-22 17:25:23 | 0% |
Key Financial Ratios
| Month | Mar 25 | Mar 24 | Mar 23 | Mar 22 | Mar 21 |
|---|---|---|---|---|---|
| FaceValue | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
| Basic EPS (Rs.) | 134.34 | 118.93 | 84.87 | 60.87 | 59.20 |
| Diluted EPS (Rs.) | 133.80 | 118.49 | 84.61 | 60.60 | 58.96 |
| Cash EPS (Rs.) | 155.80 | 136.32 | 100.20 | 75.03 | 71.18 |
| Book Value[Excl.RevalReserv]/Share (Rs.) | 653.14 | 548.63 | 445.25 | 372.58 | 320.03 |
| Book Value[Incl.RevalReserv]/Share (Rs.) | 653.14 | 548.63 | 445.25 | 372.58 | 320.03 |
| Revenue From Operations / Share (Rs.) | 1489.66 | 1200.74 | 941.99 | 816.62 | 589.61 |
| PBDIT / Share (Rs.) | 210.59 | 180.56 | 132.57 | 90.68 | 82.51 |
| PBIT / Share (Rs.) | 190.78 | 164.25 | 118.60 | 77.19 | 70.70 |
| PBT / Share (Rs.) | 179.55 | 157.04 | 114.61 | 74.84 | 67.84 |
| Net Profit / Share (Rs.) | 135.98 | 120.01 | 86.24 | 61.55 | 59.37 |
| NP After MI And SOA / Share (Rs.) | 134.28 | 118.75 | 84.80 | 60.80 | 59.15 |
| PBDIT Margin (%) | 14.13 | 15.03 | 14.07 | 11.10 | 13.99 |
| PBIT Margin (%) | 12.80 | 13.67 | 12.59 | 9.45 | 11.99 |
| PBT Margin (%) | 12.05 | 13.07 | 12.16 | 9.16 | 11.50 |
| Net Profit Margin (%) | 9.12 | 9.99 | 9.15 | 7.53 | 10.06 |
| NP After MI And SOA Margin (%) | 9.01 | 9.88 | 9.00 | 7.44 | 10.03 |
| Return on Networth / Equity (%) | 20.55 | 21.79 | 19.15 | 16.39 | 18.55 |
| Return on Capital Employeed (%) | 27.96 | 29.02 | 26.12 | 20.34 | 21.08 |
| Return On Assets (%) | 14.66 | 14.76 | 13.47 | 12.25 | 12.57 |
| Long Term Debt / Equity (X) | 0.00 | 0.00 | 0.00 | 0.00 | 0.02 |
| Total Debt / Equity (X) | 0.01 | 0.01 | 0.02 | 0.01 | 0.05 |
| Asset Turnover Ratio (%) | 1.73 | 1.68 | 1.68 | 1.69 | 1.38 |
| Current Ratio (X) | 2.65 | 2.44 | 2.63 | 2.95 | 2.37 |
| Quick Ratio (X) | 1.61 | 1.41 | 1.51 | 1.69 | 1.38 |
| Inventory Turnover Ratio (X) | 4.20 | 3.82 | 3.79 | 4.44 | 2.94 |
| Dividend Payout Ratio (NP) (%) | 22.33 | 16.80 | 16.49 | 16.41 | 0.00 |
| Dividend Payout Ratio (CP) (%) | 19.45 | 14.77 | 14.16 | 13.43 | 0.00 |
| Earning Retention Ratio (%) | 77.67 | 83.20 | 83.51 | 83.59 | 0.00 |
| Cash Earning Retention Ratio (%) | 80.55 | 85.23 | 85.84 | 86.57 | 0.00 |
| Interest Coverage Ratio (X) | 18.75 | 25.04 | 33.23 | 38.51 | 28.82 |
| Interest Coverage Ratio (Post Tax) (X) | 13.11 | 17.64 | 22.61 | 25.09 | 20.71 |
| Enterprise Value (Cr.) | 76864.71 | 75857.69 | 42607.13 | 35046.60 | 20316.85 |
| EV / Net Operating Revenue (X) | 3.43 | 4.21 | 3.02 | 2.87 | 2.31 |
| EV / EBITDA (X) | 24.26 | 27.96 | 21.46 | 25.86 | 16.51 |
| MarketCap / Net Operating Revenue (X) | 3.46 | 4.22 | 3.06 | 2.90 | 2.34 |
| Retention Ratios (%) | 77.66 | 83.19 | 83.50 | 83.58 | 0.00 |
| Price / BV (X) | 7.88 | 9.30 | 6.50 | 6.38 | 4.33 |
| Price / Net Operating Revenue (X) | 3.46 | 4.22 | 3.06 | 2.90 | 2.34 |
| EarningsYield | 0.02 | 0.02 | 0.02 | 0.02 | 0.04 |
After reviewing the key financial ratios for Polycab India Ltd, here is a detailed analysis based on the latest available data and recent trends:
- For FaceValue, as of Mar 25, the value is 10.00. This value is within the healthy range. There is no change compared to the previous period (Mar 24) which recorded 10.00.
- For Basic EPS (Rs.), as of Mar 25, the value is 134.34. This value is within the healthy range. It has increased from 118.93 (Mar 24) to 134.34, marking an increase of 15.41.
- For Diluted EPS (Rs.), as of Mar 25, the value is 133.80. This value is within the healthy range. It has increased from 118.49 (Mar 24) to 133.80, marking an increase of 15.31.
- For Cash EPS (Rs.), as of Mar 25, the value is 155.80. This value is within the healthy range. It has increased from 136.32 (Mar 24) to 155.80, marking an increase of 19.48.
- For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 653.14. It has increased from 548.63 (Mar 24) to 653.14, marking an increase of 104.51.
- For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 653.14. It has increased from 548.63 (Mar 24) to 653.14, marking an increase of 104.51.
- For Revenue From Operations / Share (Rs.), as of Mar 25, the value is 1,489.66. It has increased from 1,200.74 (Mar 24) to 1,489.66, marking an increase of 288.92.
- For PBDIT / Share (Rs.), as of Mar 25, the value is 210.59. This value is within the healthy range. It has increased from 180.56 (Mar 24) to 210.59, marking an increase of 30.03.
- For PBIT / Share (Rs.), as of Mar 25, the value is 190.78. This value is within the healthy range. It has increased from 164.25 (Mar 24) to 190.78, marking an increase of 26.53.
- For PBT / Share (Rs.), as of Mar 25, the value is 179.55. This value is within the healthy range. It has increased from 157.04 (Mar 24) to 179.55, marking an increase of 22.51.
- For Net Profit / Share (Rs.), as of Mar 25, the value is 135.98. This value is within the healthy range. It has increased from 120.01 (Mar 24) to 135.98, marking an increase of 15.97.
- For NP After MI And SOA / Share (Rs.), as of Mar 25, the value is 134.28. This value is within the healthy range. It has increased from 118.75 (Mar 24) to 134.28, marking an increase of 15.53.
- For PBDIT Margin (%), as of Mar 25, the value is 14.13. This value is within the healthy range. It has decreased from 15.03 (Mar 24) to 14.13, marking a decrease of 0.90.
- For PBIT Margin (%), as of Mar 25, the value is 12.80. This value is within the healthy range. It has decreased from 13.67 (Mar 24) to 12.80, marking a decrease of 0.87.
- For PBT Margin (%), as of Mar 25, the value is 12.05. This value is within the healthy range. It has decreased from 13.07 (Mar 24) to 12.05, marking a decrease of 1.02.
- For Net Profit Margin (%), as of Mar 25, the value is 9.12. This value is within the healthy range. It has decreased from 9.99 (Mar 24) to 9.12, marking a decrease of 0.87.
- For NP After MI And SOA Margin (%), as of Mar 25, the value is 9.01. This value is within the healthy range. It has decreased from 9.88 (Mar 24) to 9.01, marking a decrease of 0.87.
- For Return on Networth / Equity (%), as of Mar 25, the value is 20.55. This value is within the healthy range. It has decreased from 21.79 (Mar 24) to 20.55, marking a decrease of 1.24.
- For Return on Capital Employeed (%), as of Mar 25, the value is 27.96. This value is within the healthy range. It has decreased from 29.02 (Mar 24) to 27.96, marking a decrease of 1.06.
- For Return On Assets (%), as of Mar 25, the value is 14.66. This value is within the healthy range. It has decreased from 14.76 (Mar 24) to 14.66, marking a decrease of 0.10.
- For Long Term Debt / Equity (X), as of Mar 25, the value is 0.00. This value is below the healthy minimum of 0.2. There is no change compared to the previous period (Mar 24) which recorded 0.00.
- For Total Debt / Equity (X), as of Mar 25, the value is 0.01. This value is within the healthy range. There is no change compared to the previous period (Mar 24) which recorded 0.01.
- For Asset Turnover Ratio (%), as of Mar 25, the value is 1.73. It has increased from 1.68 (Mar 24) to 1.73, marking an increase of 0.05.
- For Current Ratio (X), as of Mar 25, the value is 2.65. This value is within the healthy range. It has increased from 2.44 (Mar 24) to 2.65, marking an increase of 0.21.
- For Quick Ratio (X), as of Mar 25, the value is 1.61. This value is within the healthy range. It has increased from 1.41 (Mar 24) to 1.61, marking an increase of 0.20.
- For Inventory Turnover Ratio (X), as of Mar 25, the value is 4.20. This value is within the healthy range. It has increased from 3.82 (Mar 24) to 4.20, marking an increase of 0.38.
- For Dividend Payout Ratio (NP) (%), as of Mar 25, the value is 22.33. This value is within the healthy range. It has increased from 16.80 (Mar 24) to 22.33, marking an increase of 5.53.
- For Dividend Payout Ratio (CP) (%), as of Mar 25, the value is 19.45. This value is below the healthy minimum of 20. It has increased from 14.77 (Mar 24) to 19.45, marking an increase of 4.68.
- For Earning Retention Ratio (%), as of Mar 25, the value is 77.67. This value exceeds the healthy maximum of 70. It has decreased from 83.20 (Mar 24) to 77.67, marking a decrease of 5.53.
- For Cash Earning Retention Ratio (%), as of Mar 25, the value is 80.55. This value exceeds the healthy maximum of 70. It has decreased from 85.23 (Mar 24) to 80.55, marking a decrease of 4.68.
- For Interest Coverage Ratio (X), as of Mar 25, the value is 18.75. This value is within the healthy range. It has decreased from 25.04 (Mar 24) to 18.75, marking a decrease of 6.29.
- For Interest Coverage Ratio (Post Tax) (X), as of Mar 25, the value is 13.11. This value is within the healthy range. It has decreased from 17.64 (Mar 24) to 13.11, marking a decrease of 4.53.
- For Enterprise Value (Cr.), as of Mar 25, the value is 76,864.71. It has increased from 75,857.69 (Mar 24) to 76,864.71, marking an increase of 1,007.02.
- For EV / Net Operating Revenue (X), as of Mar 25, the value is 3.43. This value exceeds the healthy maximum of 3. It has decreased from 4.21 (Mar 24) to 3.43, marking a decrease of 0.78.
- For EV / EBITDA (X), as of Mar 25, the value is 24.26. This value exceeds the healthy maximum of 15. It has decreased from 27.96 (Mar 24) to 24.26, marking a decrease of 3.70.
- For MarketCap / Net Operating Revenue (X), as of Mar 25, the value is 3.46. This value exceeds the healthy maximum of 3. It has decreased from 4.22 (Mar 24) to 3.46, marking a decrease of 0.76.
- For Retention Ratios (%), as of Mar 25, the value is 77.66. This value exceeds the healthy maximum of 70. It has decreased from 83.19 (Mar 24) to 77.66, marking a decrease of 5.53.
- For Price / BV (X), as of Mar 25, the value is 7.88. This value exceeds the healthy maximum of 3. It has decreased from 9.30 (Mar 24) to 7.88, marking a decrease of 1.42.
- For Price / Net Operating Revenue (X), as of Mar 25, the value is 3.46. This value exceeds the healthy maximum of 3. It has decreased from 4.22 (Mar 24) to 3.46, marking a decrease of 0.76.
- For EarningsYield, as of Mar 25, the value is 0.02. This value is below the healthy minimum of 5. There is no change compared to the previous period (Mar 24) which recorded 0.02.
Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.
Strength and Weakness
| Strength | Weakness |
|---|---|
|
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Stock Analysis
- Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Polycab India Ltd:
- Net Profit Margin: 9.12%
- Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
- ROCE: 27.96% (Industry Average ROCE: 18.06%)
- ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
- ROE%: 20.55% (Industry Average ROE: 16.3%)
- ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
- Interest Coverage Ratio (Post Tax): 13.11
- Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
- Quick Ratio: 1.61
- Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
- Stock P/E: 46.1 (Industry average Stock P/E: 37.24)
- Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
- Total Debt / Equity: 0.01
- Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
Stock Rating: - Net Profit Margin: 9.12%
About the Company - Qualitative Analysis
| INDUSTRY | ADDRESS | CONTACT |
|---|---|---|
| Cables - Power/Others | Unit No.4, Plot No.105, Halol Vadodara Road, Panchmahal Gujarat 389350 | shares@polycab.com http://www.polycab.com |
| Management | |
|---|---|
| Name | Position Held |
| Mr. Inder T Jaisinghani | Chairman & Managing Director |
| Mr. Bharat A Jaisinghani | Executive Director |
| Mr. Nikhil R Jaisinghani | Executive Director |
| Mr. Gandharv Tongia | Executive Director & CFO |
| Mr. R S Sharma | Independent Director |
| Mr. T P Ostwal | Independent Director |
| Mrs. Sutapa Banerjee | Independent Director |
| Mr. Bhaskar Sharma | Independent Director |
| Mrs. Manju Agarwal | Independent Director |
| Mr. Vijay Pratap Pandey | Executive Director |
| Mr. Sumit Malhotra | Independent Director |
FAQ
What is the intrinsic value of Polycab India Ltd?
Polycab India Ltd's intrinsic value (as of 26 November 2025) is 5581.75 which is 26.01% lower the current market price of 7,544.00, indicating overvalued. Calculated using the PE ratio method, this valuation considers the company's 1,13,571 Cr. market cap, FY2025-2026 high/low of 7,903/4,555, reserves of ₹9,675 Cr, and liabilities of 13,749 Cr.
What is the Market Cap of Polycab India Ltd?
The Market Cap of Polycab India Ltd is 1,13,571 Cr..
What is the current Stock Price of Polycab India Ltd as on 26 November 2025?
The current stock price of Polycab India Ltd as on 26 November 2025 is 7,544.
What is the High / Low of Polycab India Ltd stocks in FY 2025-2026?
In FY 2025-2026, the High / Low of Polycab India Ltd stocks is 7,903/4,555.
What is the Stock P/E of Polycab India Ltd?
The Stock P/E of Polycab India Ltd is 46.1.
What is the Book Value of Polycab India Ltd?
The Book Value of Polycab India Ltd is 704.
What is the Dividend Yield of Polycab India Ltd?
The Dividend Yield of Polycab India Ltd is 0.46 %.
What is the ROCE of Polycab India Ltd?
The ROCE of Polycab India Ltd is 29.7 %.
What is the ROE of Polycab India Ltd?
The ROE of Polycab India Ltd is 21.4 %.
What is the Face Value of Polycab India Ltd?
The Face Value of Polycab India Ltd is 10.0.