Share Price and Basic Stock Data
Last Updated: December 16, 2025, 9:30 pm
| PEG Ratio | 2.06 |
|---|
Analyst Insight & Comprehensive Analysis
AI Stock Ranker – Real-Time Fundamental Strength Score
Business Overview and Revenue Trends
Polycab India Ltd, a key player in the cables and wires industry, has demonstrated robust growth, with total revenue reported at ₹14,108 Cr for FY 2023, a significant rise from ₹12,204 Cr in FY 2022. The upward trajectory is evident in quarterly sales figures, where the company recorded ₹4,324 Cr in March 2023, up from ₹3,715 Cr in December 2022. This growth momentum continued into FY 2024, with revenue projected to reach ₹18,039 Cr, showcasing Polycab’s ability to capitalize on increasing demand in the power and infrastructure sectors. The company’s sales for the latest quarter ending September 2023 stood at ₹4,218 Cr, reflecting a healthy year-on-year growth. This consistent revenue performance solidifies Polycab’s position as a leading manufacturer, and the diversification of its product offerings appears to be a strategic advantage in capturing market share.
Profitability and Efficiency Metrics
Polycab’s profitability metrics indicate a solid operational performance, with an operating profit margin (OPM) of 14% in FY 2023. This is a marked improvement from the 10% margin reported for FY 2022. The company’s return on equity (ROE) stands at a commendable 21.4%, while the return on capital employed (ROCE) is even more impressive at 29.7%. Such figures suggest that Polycab is effectively utilizing its capital to generate profits. The interest coverage ratio of 18.75x indicates a comfortable capacity to meet interest obligations, which is a positive signal for investors. However, it’s worth noting that the net profit margin has slightly declined to 9.12% in FY 2025 from 9.99% in FY 2024, which could raise questions regarding cost management and pricing power in a competitive landscape.
Balance Sheet Strength and Financial Ratios
Polycab’s balance sheet reveals significant strength, with total assets reported at ₹13,749 Cr for FY 2025 against total liabilities of ₹13,749 Cr, reflecting a healthy asset-liability ratio. The company has maintained a low borrowing level of just ₹223 Cr, which translates to a debt-to-equity ratio of 0.01, indicating minimal reliance on debt financing. This financial prudence is reinforced by reserves that have grown to ₹10,443 Cr, providing a solid buffer for future investments and potential downturns. The current ratio of 2.65 shows that Polycab can comfortably cover its short-term liabilities, further strengthening its liquidity position. Nevertheless, the price-to-book value ratio of 7.88x may suggest that the stock is trading at a premium compared to its book value, which could indicate a stretched valuation in the eyes of some investors.
Shareholding Pattern and Investor Confidence
The shareholding pattern of Polycab India Ltd indicates a stable yet evolving investor landscape. Promoters hold 61.53% of the company shares, which has seen a gradual decrease from 66.61% in December 2022. This decline could raise concerns about promoter confidence, especially as institutional investors, including foreign institutional investors (FIIs) and domestic institutional investors (DIIs), have increased their stakes to 13.96% and 11.70%, respectively. The public shareholding stands at 12.83%, reflecting a diverse investor base. The increase in institutional ownership may signal growing confidence in Polycab’s long-term prospects. However, the gradual dilution of promoter shares could be perceived as a lack of commitment, potentially impacting investor sentiment in the short term.
Outlook, Risks, and Final Insight
Looking ahead, Polycab’s growth trajectory seems promising, bolstered by strong demand in the power and infrastructure segments. However, several risks could temper this outlook. The competitive dynamics in the cable manufacturing industry, along with fluctuating raw material prices, could pressure margins. Additionally, with a high price-to-earnings ratio of 43.5, the stock may seem stretched, making it susceptible to market corrections. Investors should also keep an eye on the promoter’s decreasing stake, which could signal a shift in confidence. Overall, while Polycab exhibits strong fundamentals and operational efficiency, potential investors should weigh these strengths against the inherent risks, maintaining a cautious but optimistic perspective on the stock’s future performance.
Source: Getaka Fundamental Analysis | Generated using proprietary financial data.
Competitors
| Stock Name ⇩ | Market Cap ⇩ | Current Price ⇩ | High / Low ⇩ | Stock P/E ⇩ | Book Value ⇩ | Dividend Yield ⇩ | ROCE ⇩ | ROE ⇩ | Face Value ⇩ |
|---|---|---|---|---|---|---|---|---|---|
| Motherson Sumi Wiring India Ltd | 30,486 Cr. | 46.0 | 50.5/30.7 | 49.7 | 2.78 | 1.23 % | 42.5 % | 35.9 % | 1.00 |
| Hindusthan Urban Infrastructure Ltd | 311 Cr. | 2,158 | 2,970/1,651 | 2,003 | 0.00 % | 6.82 % | 11.5 % | 10.0 | |
| Dynamic Cables Ltd | 1,633 Cr. | 337 | 548/228 | 21.2 | 84.7 | 0.07 % | 26.4 % | 22.1 % | 10.0 |
| Cybele Industries Ltd | 32.3 Cr. | 30.2 | 42.7/18.2 | 2.38 | 55.9 | 0.00 % | 13.2 % | 22.1 % | 10.0 |
| BC Power Controls Ltd | 14.2 Cr. | 2.04 | 4.60/1.57 | 10.9 | 6.12 | 0.00 % | 3.90 % | 1.92 % | 2.00 |
| Industry Average | 20,734.10 Cr | 1,354.73 | 36.76 | 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: December 15, 2025, 4:49 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: December 4, 2025, 1:48 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 | Sep 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 71 | 141 | 141 | 141 | 141 | 141 | 149 | 149 | 149 | 150 | 150 | 150 | 151 |
| 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 | 10,443 |
| Borrowings | 458 | 546 | 796 | 856 | 800 | 272 | 157 | 282 | 118 | 109 | 161 | 202 | 223 |
| 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 | 6,354 |
| 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 | 17,171 |
| Fixed Assets | 750 | 822 | 985 | 1,128 | 1,197 | 1,276 | 1,422 | 1,870 | 1,675 | 2,067 | 2,338 | 3,011 | 3,398 |
| CWIP | 116 | 179 | 138 | 165 | 136 | 193 | 241 | 99 | 375 | 251 | 578 | 708 | 860 |
| Investments | 0 | 0 | 0 | 33 | 32 | 29 | 65 | 635 | 773 | 1,350 | 1,822 | 1,749 | 1,697 |
| 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 | 11,216 |
| 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 | 17,171 |
Below is a detailed analysis of the balance sheet data for Polycab India Ltd based on the most recent figures (Sep 2025) and their trends compared to the previous period:
- For Equity Capital, as of Sep 2025, the value is 151.00 Cr.. The value appears strong and on an upward trend. It has increased from 150.00 Cr. (Mar 2025) to 151.00 Cr., marking an increase of 1.00 Cr..
- For Reserves, as of Sep 2025, the value is 10,443.00 Cr.. The value appears strong and on an upward trend. It has increased from 9,675.00 Cr. (Mar 2025) to 10,443.00 Cr., marking an increase of 768.00 Cr..
- For Borrowings, as of Sep 2025, the value is 223.00 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 202.00 Cr. (Mar 2025) to 223.00 Cr., marking an increase of 21.00 Cr..
- For Other Liabilities, as of Sep 2025, the value is 6,354.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 3,721.00 Cr. (Mar 2025) to 6,354.00 Cr., marking an increase of 2,633.00 Cr..
- For Total Liabilities, as of Sep 2025, the value is 17,171.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 13,749.00 Cr. (Mar 2025) to 17,171.00 Cr., marking an increase of 3,422.00 Cr..
- For Fixed Assets, as of Sep 2025, the value is 3,398.00 Cr.. The value appears strong and on an upward trend. It has increased from 3,011.00 Cr. (Mar 2025) to 3,398.00 Cr., marking an increase of 387.00 Cr..
- For CWIP, as of Sep 2025, the value is 860.00 Cr.. The value appears strong and on an upward trend. It has increased from 708.00 Cr. (Mar 2025) to 860.00 Cr., marking an increase of 152.00 Cr..
- For Investments, as of Sep 2025, the value is 1,697.00 Cr.. The value appears to be declining and may need further review. It has decreased from 1,749.00 Cr. (Mar 2025) to 1,697.00 Cr., marking a decrease of 52.00 Cr..
- For Other Assets, as of Sep 2025, the value is 11,216.00 Cr.. The value appears strong and on an upward trend. It has increased from 8,280.00 Cr. (Mar 2025) to 11,216.00 Cr., marking an increase of 2,936.00 Cr..
- For Total Assets, as of Sep 2025, the value is 17,171.00 Cr.. The value appears strong and on an upward trend. It has increased from 13,749.00 Cr. (Mar 2025) to 17,171.00 Cr., marking an increase of 3,422.00 Cr..
Notably, the Reserves (10,443.00 Cr.) exceed the Borrowings (223.00 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 |
|---|---|---|---|---|---|---|
| Motilal Oswal Midcap Fund | 2,528,264 | 4.97 | 1888.61 | 2,673,670 | 2025-12-15 00:09:47 | -5.44% |
| Motilal Oswal Flexi Cap Fund | 1,463,561 | 7.64 | 1093.28 | 1,540,612 | 2025-12-15 00:09:47 | -5% |
| Kotak Midcap Fund | 781,062 | 0.96 | 583.45 | 986,481 | 2025-12-15 00:09:47 | -20.82% |
| ICICI Prudential Balanced Advantage Fund | 612,451 | 0.65 | 457.5 | N/A | N/A | N/A |
| DSP Mid Cap Fund | 557,747 | 2.1 | 416.64 | 427,612 | 2025-12-08 04:32:39 | 30.43% |
| UTI Flexi Cap Fund | 501,000 | 1.46 | 374.25 | 273,210 | 2025-12-08 04:32:39 | 83.38% |
| UTI Mid Cap Fund | 400,000 | 2.48 | 298.8 | 403,783 | 2025-12-15 00:09:47 | -0.94% |
| UTI Large Cap Fund | 306,407 | 1.71 | 228.89 | N/A | N/A | N/A |
| HSBC Midcap Fund | 304,000 | 1.81 | 227.09 | N/A | N/A | N/A |
| DSP Flexi Cap Fund | 275,493 | 1.66 | 205.79 | 349,502 | 2025-12-08 04:32:39 | -21.18% |
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: 16.67%)
- 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: 13.79%)
- 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: 45 (Industry average Stock P/E: 31.11)
- 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 16 December 2025) is 5449.65 which is 25.98% lower the current market price of 7,362.00, indicating overvalued. Calculated using the PE ratio method, this valuation considers the company's 1,10,866 Cr. market cap, FY2025-2026 high/low of 7,903/4,555, reserves of ₹10,443 Cr, and liabilities of 17,171 Cr.
What is the Market Cap of Polycab India Ltd?
The Market Cap of Polycab India Ltd is 1,10,866 Cr..
What is the current Stock Price of Polycab India Ltd as on 16 December 2025?
The current stock price of Polycab India Ltd as on 16 December 2025 is 7,362.
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 45.0.
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 0.48 %.
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.