Stox
50
Polycab India Ltd.
NSE: POLYCAB · Capital Goods
₹7,871.00+0.28%06 Nov 2026
Ask the data
Instant answers about Polycab India Ltd. — computed from its filings, no language modelMarket cap₹1,18,610 cr
Current price₹7,871.00
High / Low₹10,083 / ₹6,722
P/E37.6
P/B9.06
Book value₹868.9
ROE24.1%
ROCE34.6%
Debt / equity0.01
Dividend yield0.46%
EPS (TTM)₹209.45
Face value₹10
Price & valuation
split & bonus adjusted · pick a metric and rangeAnnual performance
annual · ₹ crore · line = operating margin| FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | 7,956 | 8,830 | 8,927 | 12,204 | 14,108 | 18,039 | 22,408 | 28,884 |
| EBITDA | 923 | 1,135 | 1,167 | 1,265 | 1,852 | 2,492 | 2,960 | 4,006 |
| Operating margin | 11.6% | 12.9% | 13.1% | 10.4% | 13.1% | 13.8% | 13.2% | 13.9% |
| Interest | 117 | 50 | 53 | 35 | 60 | 108 | 169 | 243 |
| Depreciation | 141 | 161 | 187 | 202 | 209 | 245 | 298 | 386 |
| Profit before tax | 758 | 1,017 | 1,065 | 1,118 | 1,717 | 2,359 | 2,701 | 3,613 |
| Tax | 256 | 244 | 179 | 271 | 425 | 556 | 655 | 905 |
| Net profit | 499 | 759 | 0 | 917 | 1,270 | 1,784 | 2,020 | 2,672 |
| EPS ₹ | 35.39 | 51.16 | 59.20 | 60.87 | 84.87 | 118.93 | 134.34 | 177.53 |
| Operating cash flow | — | — | — | 512 | 1,428 | 1,296 | 1,809 | 3,811 |
| Capex | — | — | — | 527 | 479 | 859 | 970 | 1,481 |
| Dividend paid | — | — | — | 149 | 209 | 300 | 451 | 547 |
| Total assets | 5,628 | 5,928 | 6,727 | 7,307 | 9,425 | 12,079 | 13,773 | 20,476 |
| Equity | 2,847 | 3,840 | 4,707 | 5,521 | 6,631 | 8,187 | 9,825 | 12,009 |
Quarterly performance
last 31 quarters · ₹ crore| MAR '19 | JUN '19 | SEP '19 | DEC '19 | MAR '20 | JUN '20 | SEP '20 | DEC '20 | MAR '21 | JUN '21 | SEP '21 | DEC '21 | MAR '22 | JUN '22 | SEP '22 | DEC '22 | MAR '23 | JUN '23 | SEP '23 | DEC '23 | MAR '24 | JUN '24 | SEP '24 | DEC '24 | MAR '25 | JUN '25 | SEP '25 | DEC '25 | MAR '26 | JUN '26 | SEP '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 2,445 | 1,933 | 2,242 | 2,507 | 2,129 | 977 | 2,114 | 2,799 | 3,037 | 1,881 | 3,129 | 3,372 | 3,970 | 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 | 6,477 | 7,636 | 8,864 | 8,210 | 9,899 |
| Operating profit | 225 | 205 | 272 | 339 | 301 | 57 | 312 | 376 | 421 | 139 | 303 | 362 | 476 | 311 | 428 | 504 | 610 | 549 | 609 | 570 | 762 | 583 | 632 | 720 | 1,025 | 858 | 1,021 | 966 | 1,161 | 1,136 | 1,422 |
| Operating margin | 9.2% | 10.6% | 12.1% | 13.5% | 14.1% | 5.9% | 14.8% | 13.4% | 13.9% | 7.4% | 9.7% | 10.7% | 12.0% | 11.4% | 12.8% | 13.6% | 14.1% | 14.1% | 14.4% | 13.1% | 13.6% | 12.4% | 11.5% | 13.8% | 14.7% | 14.5% | 15.8% | 12.7% | 13.1% | 13.8% | 14.4% |
| Other income | 36 | 52 | 12 | 0 | 46 | 34 | 33 | 34 | 27 | 25 | 26 | 22 | 17 | 44 | -2 | 40 | 52 | 64 | 35 | 71 | 54 | 58 | 76 | 25 | 48 | 80 | 45 | 50 | 60 | 105 | 88 |
| Interest | 26 | 12 | 13 | 9 | 16 | 16 | 11 | 9 | 17 | 12 | 9 | 8 | 13 | 8 | 14 | 9 | 28 | 25 | 27 | 32 | 24 | 41 | 45 | 50 | 33 | 51 | 48 | 69 | 75 | 80 | 94 |
| Depreciation | 34 | 38 | 40 | 41 | 42 | 44 | 46 | 48 | 49 | 52 | 54 | 51 | 50 | 51 | 52 | 52 | 53 | 57 | 60 | 62 | 66 | 67 | 72 | 79 | 80 | 86 | 97 | 106 | 98 | 103 | 111 |
| Profit before tax | 200 | 206 | 232 | 290 | 289 | 40 | 288 | 354 | 383 | 100 | 267 | 324 | 430 | 296 | 359 | 482 | 579 | 530 | 557 | 546 | 725 | 533 | 590 | 617 | 961 | 801 | 921 | 842 | 1,049 | 1,058 | 1,306 |
| Tax | 65 | 71 | 36 | 69 | 68 | -78 | 66 | 90 | 101 | 23 | 66 | 76 | 105 | 72 | 88 | 120 | 145 | 128 | 127 | 130 | 172 | 132 | 145 | 152 | 226 | 201 | 228 | 212 | 264 | 262 | 316 |
| Net profit | 138 | 135 | 192 | 229 | 214 | 118 | 226 | 256 | 0 | 74 | 196 | 316 | 325 | 220 | 268 | 358 | 425 | 399 | 426 | 413 | 546 | 396 | 440 | 458 | 727 | 592 | 685 | 622 | 773 | 784 | 977 |
| EPS ₹ | 9.74 | 9.12 | 12.92 | 14.73 | 14.38 | 7.90 | 14.81 | 17.61 | 18.88 | 4.96 | 13.27 | 21.06 | 21.57 | 14.70 | 17.90 | 23.90 | 28.37 | 26.66 | 28.38 | 27.50 | 36.37 | 26.35 | 29.25 | 30.42 | 48.31 | 39.36 | 45.54 | 41.30 | 52.18 | 52.09 | 64.87 |
| Revenue YoY | — | — | — | — | -12.9% | -49.5% | -5.7% | 11.6% | 42.6% | 92.6% | 48.0% | 20.5% | 30.7% | 45.5% | 6.5% | 10.2% | 8.9% | 42.1% | 26.6% | 16.8% | 29.3% | 20.8% | 30.4% | 20.4% | 24.9% | 25.7% | 17.8% | 46.1% | 26.9% | 39.0% | 52.8% |
| Profit YoY | — | — | — | — | 55.2% | -12.6% | 17.7% | 11.5% | -100.0% | -37.1% | -13.1% | 23.7% | — | 197.1% | 36.5% | 13.1% | 30.6% | 81.7% | 58.9% | 15.4% | 28.5% | -0.8% | 3.3% | 10.8% | 33.1% | 49.5% | 55.9% | 35.9% | 6.3% | 32.5% | 42.6% |
Returns & margins
trailing-twelve-month, per quarter| DEC '19 | MAR '20 | JUN '20 | SEP '20 | DEC '20 | MAR '21 | JUN '21 | SEP '21 | DEC '21 | MAR '22 | JUN '22 | SEP '22 | DEC '22 | MAR '23 | JUN '23 | SEP '23 | DEC '23 | MAR '24 | JUN '24 | SEP '24 | DEC '24 | MAR '25 | JUN '25 | SEP '25 | DEC '25 | MAR '26 | JUN '26 | SEP '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 24.4% | 20.0% | 19.6% | 20.5% | 21.2% | 12.7% | 11.8% | 11.2% | 12.5% | 16.5% | 19.2% | 19.4% | 20.1% | 19.2% | 21.9% | 22.3% | 23.1% | 21.8% | 21.7% | 20.9% | 21.4% | 20.6% | 22.6% | 23.2% | 24.8% | 22.3% | 23.9% | 24.1% |
| ROCE | 32.5% | 27.0% | 22.9% | 24.3% | 25.9% | 23.3% | 24.5% | 24.0% | 23.3% | 20.8% | 24.2% | 24.5% | 27.1% | 26.2% | 29.9% | 30.4% | 31.6% | 29.8% | 30.0% | 29.2% | 30.2% | 28.9% | 31.7% | 32.5% | 34.7% | 31.8% | 34.1% | 34.6% |
| Net margin | 7.6% | 8.7% | 9.6% | 10.2% | 10.1% | 6.7% | 5.6% | 4.8% | 5.1% | 7.4% | 8.0% | 8.4% | 8.5% | 9.0% | 9.5% | 10.0% | 9.9% | 9.9% | 9.4% | 8.9% | 8.8% | 9.0% | 9.4% | 10.0% | 9.7% | 9.3% | 9.2% | 9.1% |
| EBITDA margin | 11.4% | 12.7% | 12.3% | 13.1% | 13.0% | 13.1% | 12.7% | 11.4% | 10.7% | 10.4% | 11.0% | 11.8% | 12.5% | 13.1% | 13.7% | 14.1% | 13.9% | 13.8% | 13.4% | 12.6% | 12.8% | 13.2% | 13.7% | 14.7% | 14.3% | 13.9% | 13.7% | 13.5% |
| Debt / equity | 0.07 | 0.03 | 0.03 | 0.03 | 0.03 | 0.02 | 0.02 | 0.02 | 0.02 | 0.01 | 0.01 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Interest coverage | 16.52 | 21.54 | 16.91 | 18.39 | 19.52 | 21.04 | 23.96 | 24.76 | 24.64 | 28.14 | 36.04 | 34.05 | 36.54 | 29.73 | 26.59 | 25.11 | 20.75 | 22.78 | 19.94 | 17.72 | 16.33 | 16.99 | 17.59 | 19.12 | 18.54 | 15.87 | 15.24 | 14.43 |
| Asset turnover | 1.62 | 1.49 | 1.33 | 1.30 | 1.35 | 1.33 | 1.46 | 1.61 | 1.70 | 1.69 | 1.81 | 1.66 | 1.70 | 1.50 | 1.62 | 1.63 | 1.69 | 1.49 | 1.56 | 1.47 | 1.53 | 1.63 | 1.71 | 1.43 | 1.57 | 1.41 | 1.52 | 1.45 |
Balance sheet
equity vs borrowings over time · ₹ crore| MAR '19‡ | MAR '20‡ | MAR '21‡ | MAR '22‡ | SEP '22 | MAR '23 | SEP '23 | MAR '24 | SEP '24 | MAR '25 | SEP '25 | MAR '26 | SEP '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Share capital | 141 | 149 | 149 | 149 | 150 | 150 | 150 | 150 | 150 | 150 | 151 | 151 | 151 |
| Other equity / reserves | 2,706 | 3,691 | 4,558 | 5,371 | 5,684 | 6,481 | 7,045 | 8,037 | 8,444 | 9,675 | 10,443 | 11,858 | 12,943 |
| Total equity | 2,847 | 3,840 | 4,707 | 5,521 | 5,833 | 6,631 | 7,195 | 8,187 | 8,594 | 9,825 | 10,594 | 12,009 | 13,094 |
| Borrowings | 192 | 114 | 92 | 77 | 103 | 155 | 159 | 90 | 110 | 109 | 127 | 132 | 112 |
| Current liabilities | 2,619 | 1,995 | 1,918 | 1,692 | 2,105 | 2,627 | 2,480 | 3,578 | 4,685 | 3,510 | 6,080 | 7,965 | 10,041 |
| Non-current liabilities | 154 | 93 | 102 | 94 | 110 | 130 | 180 | 258 | 365 | 356 | 401 | 384 | 517 |
| Total assets | 5,628 | 5,928 | 6,727 | 7,307 | 8,078 | 9,425 | 9,900 | 12,079 | 13,711 | 13,773 | 17,171 | 20,476 | 23,795 |
| Property, plant & equipment | 1,272 | 1,360 | 1,545 | 1,584 | 1,642 | 2,047 | 2,084 | 2,241 | 2,414 | 2,791 | 3,176 | 3,505 | 3,676 |
| Capital work-in-progress | 193 | 241 | 98 | 374 | 452 | 251 | 367 | 578 | 767 | 708 | 860 | 1,139 | 1,401 |
| Investments | — | — | — | — | 1,287 | 1,350 | 1,279 | 1,822 | 2,186 | 1,749 | 1,697 | 3,405 | 4,032 |
| Inventories | 1,996 | 1,906 | 1,951 | 2,147 | 2,413 | 2,951 | 3,431 | 3,675 | 4,256 | 3,661 | 5,418 | 5,560 | 6,963 |
| Receivables | 1,469 | 1,605 | 1,560 | 1,372 | 1,021 | 1,299 | 1,391 | 2,166 | 2,520 | 2,896 | 3,169 | 4,206 | 3,995 |
| Cash & equivalents | 179 | 170 | 197 | 114 | 101 | 153 | 255 | 307 | 161 | 217 | 450 | 390 | 211 |
Cash flow
annual · ₹ crore · line = free cash flow| FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|
| Cash from operations | 512 | 1,428 | 1,296 | 1,809 | 3,811 |
| Cash from investing | -427 | -1,203 | -752 | -1,239 | -2,850 |
| Cash from financing | -201 | -227 | -387 | -628 | -799 |
| Capex | 527 | 479 | 859 | 970 | 1,481 |
| Free cash flow | -15 | 948 | 438 | 839 | 2,330 |
| Dividends paid | 149 | 209 | 300 | 451 | 547 |
Where the assets sit
Sep '26 · ₹ croreFixed assets (PPE)₹3,676 cr15%
CWIP₹1,401 cr6%
Investments₹4,032 cr17%
Inventories₹6,963 cr29%
Receivables₹3,995 cr17%
Cash & equivalents₹211 cr1%
Other assets₹3,517 cr15%
Peer comparison
largest in Capital Goods · this company in bold| Company | Market cap ₹cr | Price | P/E | P/B | ROE |
|---|---|---|---|---|---|
| Hindustan Aeronautics Ltd. | 3,33,052 | 4,980.00 | 35.7 | 8.12 | 22.7% |
| Bharat Electronics Ltd. | 2,89,468 | 396.00 | 45.2 | 11.02 | 24.4% |
| Tata Motors Ltd. | 1,56,797 | 425.50 | 24.8 | 10.26 | 41.3% |
| Bharat Heavy Electricals Ltd. | 1,45,828 | 418.80 | 50.7 | 5.45 | 10.8% |
| ABB India Ltd. | 1,43,541 | 6,774.00 | 55.7 | 15.37 | 27.6% |
| Siemens Ltd. | 1,26,736 | 3,560.00 | 28.2 | 8.02 | 28.4% |
| Hitachi Energy India Ltd. | 1,23,988 | 27,800.00 | 107.8 | 23.95 | 22.2% |
| CG Power and Industrial Solutions Ltd. | 1,21,786 | 773.00 | 89.1 | 13.94 | 15.6% |
| Polycab India Ltd. | 1,18,610 | 7,871.00 | 37.6 | 9.06 | 24.1% |
| Cummins India Ltd. | 1,12,233 | 4,048.80 | 49.8 | 13.52 | 27.1% |
StoxGud checklist: Neutral setup · 5/10
- Price above 50-day average
- Price above 200-day average
- 50-day average above 200-day (uptrend)
- RSI in healthy 40–70 zone
- Positive 1-year return
- Return on equity above 15%
- Debt to equity below 1
- Revenue growing year on year
- Net profit margin above 10%
- P/E below industry median
A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.
Returns & technicals
1 month-5.3%
6 months-12.6%
1 year+1.8%
3Y CAGR+15.3%
5Y CAGR+27.1%
10Y CAGR—
50-day avg₹8,230.85
200-day avg₹8,436.47
RSI (14)39
Compare Polycab India Ltd. with
FAQs
What is the share price of Polycab India Ltd.?
Polycab India Ltd. (POLYCAB) closed at ₹7,871.00 on NSE on 06 Nov 2026.
What is the market cap of Polycab India Ltd.?
₹1,18,610 crore at the latest close.
What is the P/E ratio of Polycab India Ltd.?
37.6, on trailing-twelve-month earnings from its filings.
How fast is Polycab India Ltd. growing?
Polycab India Ltd.: revenue has compounded at 27.0% a year over three years; net profit at 28.1% a year. Latest-quarter revenue is up 52.8% year on year, profit up 42.6%.
How profitable is Polycab India Ltd.?
On a trailing-twelve-month basis return on equity is 24.1%, return on capital employed 34.6%, operating margin 13.5%, net margin 9.1%.
How much debt does Polycab India Ltd. have?
Polycab India Ltd. is debt-free: debt to equity is 0.01 with borrowings of ₹112 cr against cash of ₹211 cr (balance sheet of 2026-09-30). Operating profit covers interest 14.4 times.
Financials parsed from Polycab India Ltd.'s own XBRL filings to NSE (consolidated), ₹ crore unless marked. Quarterly from MAR '19, annual from FY19, balance sheet from Mar '19. * = derived (full year or half year minus earlier quarters). ‡ = balance sheet / cash flow read from the company's published annual report (same basis), for years before the NSE filings carry them; each one checked to add up. Information only, not investment advice.
Polycab India Ltd. · advanced chart