Polycab India Limited
NSE: POLYCAB · Cables - Electricals · sector
₹7,739.00NSE close 2026-10-26
Key numbers
Market cap₹1,16,621 cr
Price₹7,739.00
52w high / low₹10,126 / ₹6,663
P/E36.8xSector median 21.9x
P/B8.9xSector median 2.9x
Book value₹868.9
Dividend yield0.47%Sector median 0.30%
ROE26.6%Sector median 12.3%
ROCE34.6%Sector median 17.8%
OPM13.5%Sector median 7.6%
Debt / equity0.01xSector median 0.09x
EV/EBITDA23.9xSector median 15.8x
Interest cover14.4x
Current ratio1.72x
Sales growth 3y+27.0%Sector median +21.4%
Profit growth 3y+28.1%Sector median +12.3%
PEG1.31x
Last 12 months to Sep 2026, Consolidated. "Sector median" = middle value of 17 companies in Cables - Electricals (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹4,287 cr vs borrowings ₹132 cr (FY26): cash is higher (net cash).
- Operating profit covered interest 14.4x in the last 12 months.
- No promoter shares are pledged.
- Operating cash flow was below net profit in 3 of the last 5 years (FY25, FY24, FY22).
- Revenue was higher than a year earlier in 4 of the last 4 quarters.
- Other income was 10% of net profit in the last 12 months.
- Dividend paid in 5 of the last 5 financial years.
- Price ₹7,739.00 on 2026-10-26: -23.6% from the 52-week high, +16.1% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹9,920.50 · low ₹4,870.85
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 5,226 | 6,986 | 5,906 | 6,477 | 7,636 | 8,864 | 8,210 | 9,899 |
| EBITDA | 720 | 1,025 | 858 | 1,021 | 966 | 1,161 | 1,136 | 1,422 |
| OPM % | 13.8% | 14.7% | 14.5% | 15.8% | 12.7% | 13.1% | 13.8% | 14.4% |
| Other income | 25 | 48 | 80 | 45 | 50 | 60 | 105 | 88 |
| Net profit | 458 | 727 | 592 | 685 | 622 | 773 | 784 | 977 |
| EPS (₹) | 30.42 | 48.31 | 39.36 | 45.54 | 41.30 | 52.18 | 52.09 | 64.87 |
| Revenue YoY | +46.1% | +26.9% | +39.0% | +52.8% | ||||
| Profit YoY | +35.9% | +6.3% | +32.5% | +42.6% |
Consolidated figures where filed. Latest quarter Sep 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 12,204 | 14,108 | 18,039 | 22,408 | 28,884 | 34,609 |
| EBITDA | 1,265 | 1,852 | 2,492 | 2,960 | 4,006 | 4,686 |
| Net profit | 917 | 1,270 | 1,784 | 2,020 | 2,672 | 3,156 |
| EPS (₹) | 60.87 | 84.87 | 118.93 | 134.34 | 177.53 | 210.44 |
| Revenue growth | +15.6% | +27.9% | +24.2% | +28.9% | +40.7% | |
| Profit growth | +38.4% | +40.5% | +13.2% | +32.3% | +28.2% | |
| Dividend / share (₹) | 10.00 | 14.00 | 20.00 | 30.00 | 35.00 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +27.0% | +26.5% | +40.7% |
| Net profit | +28.1% | +24.7% | +28.2% |
| EPS | +27.9% | +24.6% | – |
| Share price | – | +6.5% (2y) | +2.2% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 6,631 | 8,187 | 9,825 | 12,009 |
| Borrowings | – | 155 | 90 | 109 | 132 |
| Cash & equivalents | – | 2,046 | 2,225 | 2,520 | 4,287 |
| Total assets | – | 9,425 | 12,079 | 13,773 | 20,476 |
| Fixed assets | – | 2,047 | 2,241 | 2,791 | 3,505 |
| Capital work in progress | – | 251 | 578 | 708 | 1,139 |
| Investments | – | 0 | 0 | 0 | 0 |
| Receivables | – | 1,247 | 2,047 | 2,596 | 3,758 |
| Inventory | – | 2,951 | 3,675 | 3,661 | 5,560 |
| Payables | – | 2,033 | 2,863 | 1,430 | 1,799 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | 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 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 19.2% | 21.8% | 20.6% | 22.3% |
| ROCE % | – | 26.2% | 29.8% | 28.9% | 31.8% |
| Debtor days | – | 32 | 41 | 42 | 47 |
| Inventory days | – | 104 | 105 | 86 | 99 |
| Payable days | – | 72 | 82 | 34 | 32 |
| Cash conversion cycle (days) | – | 64 | 64 | 94 | 114 |
| Working capital days | – | 111 | 104 | 95 | 85 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 61.44% |
| FIIs | 18.06% |
| DIIs | 7.90% |
| of which Mutual funds | 5.21% |
| of which Insurance | 2.40% |
| Government | 0.00% |
| Public (non-institutions) | 12.60% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 63.05% | 63.04% | 63.01% | 61.52% | 61.50% | 61.50% | 61.46% | 61.44% |
| Promoter group | % |
|---|---|
| Inder T Jaisinghani | 11.64% |
| Ajay T Jaisinghani | 9.22% |
| Ramesh T Jaisinghani | 8.39% |
| Girdhari Thakurdas Jaisinghani | 8.21% |
| Kunal Inder Jaisinghani | 3.74% |
| Bharat Jaisinghani | 3.39% |
| Nikhil Ramesh Jaisinghani | 3.30% |
| Ajay T Jaisinghani/aarti Ajay Jaisinghani (Bharat Jaisinghani Family Trust) | 1.43% |
| Girdhari Thakurdas Jaisinghani/raju Girdhari Jaisinghani (Girdhari Reshma Trust) | 1.33% |
| Girdhari Thakurdas Jaisinghani/raju Girdhari Jaisinghani (Girdhari Karina Trust) | 1.33% |
| Girdhari Thakurdas Jaisinghani/raju Girdhari Jaisinghani (Girdhari Juhi Trust) | 1.33% |
| RAMESH T JAISINGHANI/REINA R JAISINGHANI (TATHASTU FAMILY PRIVATE TRUST) earlier known as Deepika Sehgal Family Trust | 1.00% |
| RAMESH T JAISINGHANI/REINA R JAISINGHANI (IRAVEERA FAMILY PVT. TRUST ) earlier known as Nikhil Jaisinghani Family Trust | 1.00% |
| Ajay T Jaisinghani/(akansha Punjabi Family Trust) | 0.80% |
| Ajay T Jaisinghani/aarti Ajay Jaisinghani (Kiara Duhlani Family Trust) | 0.73% |
| Public holders above 1% | % |
|---|---|
| Anil Hariram Hariani | 2.98% |
| ICICI Prudential Energy Opportunities Fund | 1.44% |
| Employees Provident Fund Board - Internalmanaged 1 | 1.02% |
3,85,413 shareholders. Pledged: 0.00% of promoter shares.
Peers in Cables - Electricals
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| POLYCAB | ₹1,16,621 cr | 36.8x | 8.9x | 26.6% | 34.6% | 13.5% | +27.0% | 0.47% |
| KEI | ₹37,279 cr | 35.3x | 5.2x | 15.8% | 19.8% | 11.0% | +19.3% | 0.12% |
| RRKABEL | ₹24,700 cr | 40.6x | 9.6x | 25.7% | 31.9% | 8.5% | – | 0.34% |
| FINCABLES | ₹17,508 cr | 21.9x | 2.9x | 13.8% | 16.5% | 13.2% | +12.2% | 0.01% |
| UNIVCABLES | ₹4,616 cr | 23.0x | 2.4x | 10.9% | 9.2% | 8.7% | +11.1% | 0.30% |
| LASERPOWER | ₹2,366 cr | – | – | – | – | – | – | – |
| LUMINO | ₹2,189 cr | – | – | – | – | – | – | – |
| PARACABLES | ₹1,820 cr | 30.0x | 2.3x | 8.2% | 11.9% | 4.3% | +33.9% | – |
| DYCL | ₹1,722 cr | 18.9x | 3.8x | 21.9% | 26.9% | 10.9% | +21.4% | 0.07% |
| QUADFUTURE | ₹1,578 cr | – | 6.1x | -13.9% | -16.8% | -19.8% | – | – |
Business segments (FY26)
| Segment | Revenue | Share | EBIT | Margin |
|---|---|---|---|---|
| Wires and Cables | ₹25,534 cr | 87.2% | ₹3,478 cr | 13.6% |
| FMEG | ₹2,069 cr | 7.1% | ₹55 cr | 2.7% |
| EPC | ₹1,666 cr | 5.7% | ₹166 cr | 9.9% |
| Less: Inter segment | ₹0 cr | – | ₹-48 cr | – |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-06-19 | Dividend | Dividend - Rs 47 Per Share |
| 2025-06-24 | Dividend | Dividend - Rs 35 Per Share |
| 2024-07-09 | Dividend | Annual General Meeting/Dividend - Rs 30 Per Share |
| 2023-06-21 | Dividend | Annual General Meeting/Dividend - Rs 20 Per Share |
| 2022-06-21 | Dividend | Annual General Meeting/Dividend - Rs 14 Per Share |
| 2021-07-12 | Dividend | Annual General Meeting/Dividend - Rs 10 Per Share |
| 2020-07-13 | Other | Annual General Meeting |
| 2020-03-12 | Dividend | Interim Dividend - Rs 7 Per Share |
| 2019-06-18 | Dividend | Dividend - Rs 3 Per Share |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Wires and Cables (W&C): Manufacturing of wires and cables
- Fast Moving Electrical Goods (FMEG): Manufacturing fans, lighting and luminaires, solar, switchgear, switches, conduit pipes and fittings, and small domestic appliances
| Sector | Industrials |
| Industry | Cables - Electricals |
| Sub-industry | Cables - Electricals |
| Symbol | POLYCAB |
| BSE code | 542652 |
| ISIN | INE455K01017 |
| Face value | ₹10.0 |
| Incorporated | 1996-01-10 |
| Website | www.polycab.com |
| Plants (India / abroad) | 61 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.