Polycab India Limited
NSE: POLYCABINE455K01017·Capital GoodsMidcap 150·www.polycab.com ↗·Mcap ₹1.27L Cr·Listed 2019
₹8,408.50▲ ₹42.00  (0.50%)
52W: ₹6,663 – ₹10,126 · Vol: 3.0L shares · Close 25 Sept
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Quarterly results

consolidated · as filed with NSE · Q1 FY27 back to Q4 FY19
₹ croreQ1 FY27Q4 FY26Q3 FY26Q2 FY26Q1 FY26Q4 FY25Q3 FY25Q2 FY25Q1 FY25Q4 FY24Q3 FY24Q2 FY24Q1 FY24Q4 FY23Q3 FY23Q2 FY23Q1 FY23Q4 FY22Q3 FY22Q2 FY22Q1 FY22Q4 FY21Q3 FY21Q2 FY21Q1 FY21Q4 FY20Q3 FY20Q2 FY20Q1 FY20Q4 FY19
Revenue from operations8,2108,8647,6366,4775,9066,9865,2265,4984,6985,5924,3404,2183,8894,3243,7153,3322,7373,9703,3723,1291,8813,0372,7992,1149772,1292,5072,2421,9332,445
Other income10560.450.545.479.948.12576.258.453.87135.36451.539.7−2.244.316.821.626.425.327.434.532.733.646.50.312.451.936.1
Total expenses7,2567,8766,8445,6025,1856,0734,6344,9844,2234,9203,8653,6963,4233,7963,2732,9712,4853,5563,0692,8891,8052,6822,4801,8589801,8872,2172,0221,7792,281
EBITDA1,1361,1619661,0218581,02572063258376257060954961050442831147636230313942137631257.5301339272205225
EBITDA margin13.8%13.1%12.7%15.8%14.5%14.7%13.8%11.5%12.4%13.6%13.1%14.4%14.1%14.1%13.6%12.8%11.4%12.0%10.7%9.7%7.4%13.9%13.4%14.8%5.9%14.1%13.5%12.1%10.6%9.2%
Finance costs8074.668.748.451.332.549.845.341.324.432.226.824.928.29.313.98.412.57.88.812.216.68.811.416.315.98.612.712.326.2
Depreciation10397.810696.885.780.478.672.167.165.761.960.357.153.552.552.35150.351.153.852.148.947.845.644.342.240.739.538.534.3
Profit before tax1,0581,04984292180196161759053372554655753057948235929643032426710038335428840.3289290232206200
Tax2622642122282012261521451321721301271281451208872.210576.365.822.910190.566.4−78.56868.636.571.365.2
Net profit79778663069360073446444540255341743040342836127022332531620175.3283264222118215221194135137
Net margin9.7%8.9%8.3%10.7%10.2%10.5%8.9%8.1%8.5%9.9%9.6%10.2%10.4%9.9%9.7%8.1%8.1%8.2%9.4%6.4%4.0%9.3%9.4%10.5%12.0%10.1%8.8%8.6%7.0%5.6%
EPS (₹)52.0952.1841.3045.5439.3648.3130.4229.2526.3536.3727.5028.3826.6628.3723.9017.9014.7021.5716.5213.274.9618.8817.6114.817.9014.3814.7312.929.129.74
Net profit YoY+32.8%+7.0%+35.7%+55.6%+49.3%+32.7%+11.5%+3.6%−0.3%+29.2%+15.4%+58.9%+81.0%+31.7%+14.1%+34.9%+195.7%+14.9%+19.9%−9.5%−36.0%+31.6%+19.1%+14.3%−13.1%+56.8%––––

Annual results

financial years ending March · from the fourth-quarter filings
₹ croreFY26FY25FY24FY23FY22FY21FY20FY19
Revenue from operations28,88422,40818,03914,10812,2048,9278,8307,956
Other income23620822113389.912892.893.3
Total expenses25,50719,91515,90112,52511,1757,9997,9057,291
EBITDA4,0062,9602,4921,8521,2651,1671,135923
EBITDA margin13.9%13.2%13.8%13.1%10.4%13.1%12.9%11.6%
Finance costs24316910859.835.253.149.5117
Depreciation386298245209202187161141
Profit before tax3,6132,7012,3591,7171,1181,0651,017758
Tax905655556425271179244256
Net profit2,7082,0461,8031,282917886766500
Net margin9.4%9.1%10.0%9.1%7.5%9.9%8.7%6.3%
EPS (₹)177.53134.34118.9384.8756.0459.2051.1635.39
Net profit YoY+32.4%+13.5%+40.6%+39.8%+3.5%+15.7%+53.0%–
EPS is as filed for each period and is not restated for later bonus issues or splits.

Cash flow

annual · ₹ crore
₹ croreFY26FY25FY24FY23FY22
Operating cash flow3,8111,8091,2961,428512
Investing cash flow−2,850−1,239−752−1,203−427
Financing cash flow−799−628−387−227−201
Capital expenditure1,480970853477527
Free cash flow (CFO − capex)2,330839443950−14.9

Net profit trend

annual, ₹ crore
FY21
₹886
FY22
₹917+4%
FY23
₹1,282+40%
FY24
₹1,803+41%
FY25
₹2,046+13%
FY26
₹2,708+32%

Result filings

as filed with NSE · PDF and XBRL
PeriodBasisFiledDocuments
Q1 FY27Consolidated16 Jul 2026PDF on NSE XBRL
Q1 FY27Standalone16 Jul 2026PDF on NSE XBRL
Q4 FY26Consolidated · audited6 May 2026PDF on NSE XBRL
Q4 FY26Standalone · audited6 May 2026PDF on NSE XBRL
Q3 FY26Consolidated16 Jan 2026PDF on NSE XBRL
Q3 FY26Standalone16 Jan 2026PDF on NSE XBRL
Q2 FY26Consolidated17 Oct 2025PDF on NSE XBRL
Q2 FY26Standalone17 Oct 2025PDF on NSE XBRL
Q1 FY26Consolidated17 Jul 2025 PDF XBRL
Q1 FY26Standalone17 Jul 2025 PDF XBRL

Annual reports

NSE archive
Key ratios
P/E (TTM)5Y avg 38.0×43.6×
P/B5Y avg 9.08×10.54×
ROEFY26, on average equity24.8%
Net margin9.4%
Debt / equity0.01×
Revenue CAGR (3Y)27.0%
Profit CAGR (3Y)28.3%
EPS (TTM)₹192.98
Market cap₹1.27L Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
10.54×
vs 8-point avg 9.08× (+16%)
6.54× low9.08× avg12.18× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹20,476 Cr+49%
Net worth₹12,009 Cr+22%
Total borrowings₹132 Cr+22%
Cash & bank balances₹390 Cr+80%
Investments₹3,405 Cr+95%
Inventories₹5,560 Cr+52%
Trade receivables₹3,759 Cr+45%
Trade payables₹1,799 Cr+26%
Change vs the same date a year earlier.
Revenue mix FY26
Wires and Cables87.2%result ₹3,478 Cr
FMEG7.1%result ₹54.8 Cr
EPC5.7%result ₹166 Cr
Segment revenue as reported, before inter-segment eliminations.
Shareholding 30 Jun 2026
%Jun 26Mar 26Dec 25Sept 25Jun 25Mar 25Dec 24Sept 24Jun 24Mar 24Dec 23Sept 23
Promoter61.4661.5061.5061.5263.0163.0463.0563.0665.0265.2465.7965.91
FII19.0018.2114.8213.9711.4411.1112.7613.4813.6311.9513.4212.41
DII7.627.9611.1311.6811.6010.9510.679.366.937.237.618.09
of which MF4.775.238.188.908.82–––––––
Retail10.5610.9911.0011.1812.1312.8811.8712.3412.5913.6011.8011.98
Other public1.361.341.551.651.822.021.651.761.831.981.381.61
3,56,777 shareholders · NSE shareholding pattern filings.