Share Price and Basic Stock Data
Last Updated: January 24, 2026, 4:31 pm
| PEG Ratio | 1.76 |
|---|
Analyst Insight & Comprehensive Analysis
AI Stock Ranker – Real-Time Fundamental Strength Score
Business Overview and Revenue Trends
Polycab India Ltd, a prominent player in the cables and wires industry, recorded robust sales growth, with total revenue from operations rising to ₹14,108 Cr for the fiscal year ending March 2023, up from ₹12,204 Cr in March 2022. The company experienced a significant increase in sales, with quarterly revenues peaking at ₹5,592 Cr in March 2024 and ₹6,986 Cr projected for March 2025. This upward trajectory reflects the company’s strong market position and growing demand for electrical infrastructure, aided by a broader push for electrification in India. In the latest quarter reported (September 2023), sales stood at ₹4,218 Cr, indicating a solid recovery and consistent performance compared to the previous quarter’s ₹3,889 Cr. The company’s focus on enhancing product offerings and expanding its distribution network has contributed to this growth, positioning it favorably within the competitive landscape.
Profitability and Efficiency Metrics
Polycab India Ltd demonstrated strong profitability metrics, with a net profit of ₹2,491 Cr for the trailing twelve months (TTM), translating to a net profit margin of 9.12% for March 2025. The operating profit margin (OPM) stood at 14% for the fiscal year ending March 2024, reflecting effective cost management strategies despite rising input costs. The company’s return on equity (ROE) was reported at 21.4%, while return on capital employed (ROCE) reached 29.7%, indicating efficient capital utilization. Additionally, the interest coverage ratio (ICR) was a robust 18.75x, suggesting that the company can comfortably meet its interest obligations. The cash conversion cycle (CCC) stood at 64 days, which is favorable compared to industry norms, indicating efficient management of working capital. These metrics underscore Polycab’s operational efficiency and profitability in a challenging economic environment.
Balance Sheet Strength and Financial Ratios
Polycab India Ltd’s balance sheet reflects a strong financial position, with total assets reported at ₹17,171 Cr as of September 2025. The company maintained low borrowings of ₹223 Cr, resulting in a total debt-to-equity ratio of 0.01, showcasing its conservative approach to leveraging. Reserves have grown significantly, reaching ₹10,443 Cr, which enhances the company’s financial flexibility. The book value per share stood at ₹653.14, demonstrating a solid foundation of shareholder equity. Key financial ratios such as the current ratio of 2.65 and quick ratio of 1.61 indicate ample liquidity to cover short-term liabilities. The company’s price-to-book value (P/BV) ratio was reported at 7.88x, higher than typical sector averages, reflecting strong market confidence but also indicating a premium valuation that could be scrutinized in volatile markets.
Shareholding Pattern and Investor Confidence
The shareholding pattern of Polycab India Ltd reveals a stable investor base, with promoters holding 61.53% of the equity as of September 2025. Institutional investors, including Foreign Institutional Investors (FIIs) at 13.96% and Domestic Institutional Investors (DIIs) at 11.70%, indicate a healthy mix of institutional interest. The public shareholding stood at 12.83%, reflecting a diversified ownership structure. Over the past year, promoter holdings have gradually declined from 66.61% in December 2022, signaling potential dilution but also increased participation from institutional investors. This shift may enhance corporate governance and accountability, positively influencing investor confidence. The total number of shareholders reached 3,70,871, suggesting growing retail interest in the company, which is a positive sign for future capital raising initiatives.
Outlook, Risks, and Final Insight
Polycab India Ltd’s outlook remains positive, driven by the increasing demand for electrical infrastructure and a strong product portfolio. However, risks such as raw material price volatility and potential disruptions in supply chains could impact profitability. The company’s strong financial metrics, including a high ROE and low debt levels, provide a buffer against economic uncertainties. Should the company continue to innovate and adapt to market changes, it could maintain its growth trajectory. Conversely, a slowdown in the construction and infrastructure sectors could pose challenges. Overall, Polycab’s strategic initiatives and sound financial management position it well to navigate both opportunities and risks in the evolving market landscape.
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 | 28,503 Cr. | 43.0 | 53.6/30.7 | 46.5 | 2.78 | 1.32 % | 42.5 % | 35.9 % | 1.00 |
| Hindusthan Urban Infrastructure Ltd | 280 Cr. | 1,940 | 2,970/1,651 | 2,003 | 0.00 % | 6.82 % | 11.5 % | 10.0 | |
| Dynamic Cables Ltd | 1,359 Cr. | 280 | 527/228 | 17.6 | 84.7 | 0.09 % | 26.4 % | 22.1 % | 10.0 |
| Cybele Industries Ltd | 36.5 Cr. | 34.1 | 42.7/18.2 | 2.69 | 55.9 | 0.00 % | 13.2 % | 22.1 % | 10.0 |
| BC Power Controls Ltd | 12.9 Cr. | 1.85 | 4.48/1.57 | 9.85 | 6.12 | 0.00 % | 3.90 % | 1.92 % | 2.00 |
| Industry Average | 18,930.40 Cr | 1,221.87 | 32.19 | 370.81 | 0.35% | 18.06% | 16.30% | 6.77 |
Quarterly Result
| Metric | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 3,332 | 3,715 | 4,324 | 3,889 | 4,218 | 4,340 | 5,592 | 4,698 | 5,498 | 5,226 | 6,986 | 5,906 | 6,477 |
| Expenses | 2,906 | 3,212 | 3,721 | 3,341 | 3,609 | 3,771 | 4,830 | 4,115 | 4,867 | 4,506 | 5,960 | 5,048 | 5,456 |
| Operating Profit | 427 | 503 | 603 | 549 | 609 | 570 | 762 | 583 | 632 | 720 | 1,025 | 858 | 1,021 |
| OPM % | 13% | 14% | 14% | 14% | 14% | 13% | 14% | 12% | 11% | 14% | 15% | 15% | 16% |
| Other Income | -2 | 40 | 52 | 64 | 35 | 71 | 54 | 58 | 76 | 25 | 48 | 80 | 45 |
| Interest | 14 | 9 | 28 | 25 | 27 | 32 | 24 | 41 | 45 | 50 | 33 | 51 | 48 |
| Depreciation | 52 | 52 | 53 | 57 | 60 | 62 | 66 | 67 | 72 | 79 | 80 | 86 | 97 |
| Profit before tax | 358 | 481 | 573 | 530 | 557 | 546 | 725 | 533 | 590 | 617 | 961 | 801 | 921 |
| Tax % | 24% | 25% | 25% | 24% | 23% | 24% | 24% | 25% | 25% | 25% | 24% | 25% | 25% |
| Net Profit | 271 | 361 | 429 | 403 | 430 | 417 | 553 | 402 | 445 | 464 | 734 | 600 | 693 |
| EPS in Rs | 17.91 | 23.89 | 28.38 | 26.67 | 28.37 | 27.49 | 36.34 | 26.34 | 29.24 | 30.42 | 48.31 | 39.34 | 45.54 |
Last Updated: December 29, 2025, 2:07 pm
Below is a detailed analysis of the quarterly data for Polycab India Ltd based on the most recent figures (Sep 2025) and their trends compared to the previous period:
- For Sales, as of Sep 2025, the value is 6,477.00 Cr.. The value appears strong and on an upward trend. It has increased from 5,906.00 Cr. (Jun 2025) to 6,477.00 Cr., marking an increase of 571.00 Cr..
- For Expenses, as of Sep 2025, the value is 5,456.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 5,048.00 Cr. (Jun 2025) to 5,456.00 Cr., marking an increase of 408.00 Cr..
- For Operating Profit, as of Sep 2025, the value is 1,021.00 Cr.. The value appears strong and on an upward trend. It has increased from 858.00 Cr. (Jun 2025) to 1,021.00 Cr., marking an increase of 163.00 Cr..
- For OPM %, as of Sep 2025, the value is 16.00%. The value appears strong and on an upward trend. It has increased from 15.00% (Jun 2025) to 16.00%, marking an increase of 1.00%.
- For Other Income, as of Sep 2025, the value is 45.00 Cr.. The value appears to be declining and may need further review. It has decreased from 80.00 Cr. (Jun 2025) to 45.00 Cr., marking a decrease of 35.00 Cr..
- For Interest, as of Sep 2025, the value is 48.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 51.00 Cr. (Jun 2025) to 48.00 Cr., marking a decrease of 3.00 Cr..
- For Depreciation, as of Sep 2025, the value is 97.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 86.00 Cr. (Jun 2025) to 97.00 Cr., marking an increase of 11.00 Cr..
- For Profit before tax, as of Sep 2025, the value is 921.00 Cr.. The value appears strong and on an upward trend. It has increased from 801.00 Cr. (Jun 2025) to 921.00 Cr., marking an increase of 120.00 Cr..
- For Tax %, as of Sep 2025, the value is 25.00%. The value remains steady. There is no change compared to the previous period (Jun 2025) which recorded 25.00%.
- For Net Profit, as of Sep 2025, the value is 693.00 Cr.. The value appears strong and on an upward trend. It has increased from 600.00 Cr. (Jun 2025) to 693.00 Cr., marking an increase of 93.00 Cr..
- For EPS in Rs, as of Sep 2025, the value is 45.54. The value appears strong and on an upward trend. It has increased from 39.34 (Jun 2025) to 45.54, marking an increase of 6.20.
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 | 1,707,037 | 3.53 | 1300.59 | 2,528,264 | 2026-01-26 00:58:01 | -32.48% |
| Motilal Oswal Flexi Cap Fund | 1,188,311 | 6.53 | 905.37 | 1,463,561 | 2026-01-26 00:58:01 | -18.81% |
| Kotak Midcap Fund | 781,062 | 0.98 | 595.09 | 986,481 | 2025-12-15 00:09:47 | -20.82% |
| ICICI Prudential Balanced Advantage Fund | 592,451 | 0.64 | 451.39 | 612,451 | 2026-01-26 00:58:01 | -3.27% |
| DSP Mid Cap Fund | 557,747 | 2.17 | 424.95 | 427,612 | 2025-12-08 04:32:39 | 30.43% |
| UTI Flexi Cap Fund | 501,000 | 1.53 | 381.71 | 273,210 | 2025-12-08 04:32:39 | 83.38% |
| UTI Mid Cap Fund | 384,500 | 2.45 | 292.95 | 400,000 | 2026-01-26 00:58:01 | -3.88% |
| HSBC Midcap Fund | 347,000 | 2.13 | 264.38 | 304,000 | 2026-01-26 00:58:01 | 14.14% |
| DSP Flexi Cap Fund | 275,493 | 1.7 | 209.9 | 349,502 | 2025-12-08 04:32:39 | -21.18% |
| HSBC Small Cap Fund | 272,724 | 1.3 | 207.79 | N/A | N/A | N/A |
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) | 6.11 | 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 6.11. This value is within the healthy range. It has increased from 3.82 (Mar 24) to 6.11, marking an increase of 2.29.
- 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: 38.5 (Industry average Stock P/E: 32.19)
- 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 | Contact not found |
| 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 January 2026) is ₹5685.52 which is 15.42% lower the current market price of ₹6,722.00, indicating overvalued. Calculated using the PE ratio method, this valuation considers the company's ₹1,01,198 Cr. market cap, FY2025-2026 high/low of ₹7,948/4,555, 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 1,01,198 Cr..
What is the current Stock Price of Polycab India Ltd as on 26 January 2026?
The current stock price of Polycab India Ltd as on 26 January 2026 is ₹6,722.
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 ₹7,948/4,555.
What is the Stock P/E of Polycab India Ltd?
The Stock P/E of Polycab India Ltd is 38.5.
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 0.52 %.
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.