Polycab India Limited
Polycab India Limited manufactures and sells wires and cables under the POLYCAB brand in India and internationally. The company operates through three segments: Wires and Cables; Fast Moving Electrical Goods (FMEG); and Engineering, Procurement and Construction (EPC). The Wires and Cables segment provides wires, such as PolycabSuprema house wires, PolycabMaxima+ Green wire, PolycabPrimma house wires, ETIRA house wires, PolycabOptima+, GREENWIRE 180m, and POLYCAB LF FR 180m; and cables, such as control, rubber, defense, special, fire protection, marine offshore/onshore, domestic appliance and lighting, aerial bunched, industrial, high temperature, LV power, MV power, EHV power, communication and data, and instrumentation. The Fast Moving Electrical Goods segment offers ceiling, table, pedestal, wall, exhaust, farrata, and air circulated fans; LED lighting and luminaires, such as LED Bulb, downlight, panel light, led batten, outdoor lights, and rope and strip lights; water heaters; switches and accessories; switchgears consisting of isolators, MCB, RCCB, RCBO, distribution board, ACCL, and MCB changeover switches; solar products, including solar panel and invertors; and pumps, conduits, and domestic appliances. The EPC segment designs, engineers, and supplies materials; and engages in the survey, execution, and commissioning of turn-key power distribution, transmission, and rural electrification projects. The company provides coolers and iron appliances. It operates a distribution network through authorized dealers and distributors, and retail outlets. The company was founded in 1964 and is based in Mumbai, India.
Valuation
Profitability
Returns
Solvency
AI Summary
Indian StockStrengths1
- Strong 5-year revenue CAGR of 15.4%
Concerns1
- Negative free cash flow (βΉ65 Cr)
Rule-based from financial data. Not advice.
Monthly Returns
Year-to-Date ROI
Historical Volatility
Historical Performance
Revenue, profitability, and cash flow trends (βΉ Crores)
Revenue (10Y)
Operating Income (10Y)
Net Profit (10Y)
Operating Margin % (10Y)
Dividend Payout % (10Y)
Free Cash Flow (10Y)
Growth Summary
Latest fiscal year: Mar 2025
Historical Growth
Year-by-year revenue, profitability, and cash flow (βΉ Crores, last 10 years)
| Year | Revenue | Op. Income | Net Profit | CFO | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|---|
| Mar 2025 | βΉ21.91 K Cr | β | βΉ2.00 K Cr | β | β | 20.5% | 21.4% | 13.1% |
| Mar 2024 | βΉ18.05 K Cr | β | βΉ1.77 K Cr | β | β | 21.7% | 29.7% | 39.5% |
| Mar 2023 | βΉ13.91 K Cr | β | βΉ1.27 K Cr | β | β | 19.2% | 15.0% | 36.3% |
| Mar 2022 | βΉ12.10 K Cr | β | βΉ931.00 Cr | β | β | 16.9% | 38.5% | 12.0% |
| Mar 2021 | βΉ8.74 K Cr | β | βΉ831.00 Cr | β | β | 17.7% | -0.8% | 9.2% |
| Mar 2020 | βΉ8.81 K Cr | β | βΉ761.00 Cr | β | β | 19.8% | 10.9% | 51.9% |
| Mar 2019 | βΉ7.94 K Cr | β | βΉ501.00 Cr | β | β | 17.6% | 17.5% | 39.9% |
| Mar 2018 | βΉ6.76 K Cr | β | βΉ358.00 Cr | β | β | 15.2% | 22.9% | 54.3% |
| Mar 2017 | βΉ5.50 K Cr | β | βΉ232.00 Cr | β | β | 11.6% | 5.7% | 24.7% |
| Mar 2016 | βΉ5.20 K Cr | β | βΉ186.00 Cr | β | β | 10.5% | 10.8% | 18.5% |
Financial Statements
Income statement, balance sheet, and cash flow (βΉ Crores, as reported)
Consolidated Figures in USD Millions.
| Unnamed: 0 | TTM |
|---|---|
| Revenue / Net Sales | 23,991 |
| Total Expenses | 20,500 |
| EBIT / Operating Profit | 3,491 |
| OPM % | 15% |
| Other Income | 215 |
| Finance Costs | 172 |
| Depreciation & Amortisation | 328 |
| Profit Before Tax | 3,205 |
| Tax % | - |
| Net Profit / PAT | 2,426 |
| EPS (βΉ) | 161.24 |
| Dividend Payout % | - |
Peer Comparison
Industrials sector peers, ranked by market cap
| Company | Market Cap | Revenue | P/E | P/B | EV/EBITDA | Rev G 1Y |
|---|---|---|---|---|---|---|
| Polycab India Limitedthis co. | βΉ1.14 L Cr | βΉ21.91 K Cr | 46.90 | 10.84 | 42.32 | 21.4% |
| Larsen & Toubro Limited | βΉ5.35 L Cr | βΉ1.43 L Cr | 52.20 | 7.87 | 34.29 | 12.9% |
| Adani Ports and Special Economic Zone Ltd | βΉ3.29 L Cr | βΉ7.91 K Cr | 159.00 | 10.36 | 62.82 | 16.2% |
| Solar Industries India Limited | βΉ1.15 L Cr | βΉ4.46 K Cr | 121.00 | 32.81 | 128.61 | 19.9% |
| Cummins India Ltd. | βΉ1.10 L Cr | βΉ10.34 K Cr | 49.50 | 15.01 | 47.01 | 15.4% |
| Ashok Leyland Ltd. | βΉ1.09 L Cr | βΉ38.75 K Cr | 32.00 | 9.49 | 22.91 | 1.0% |
| ABB India Limited | βΉ1.05 L Cr | βΉ12.19 K Cr | 59.60 | 14.61 | β | 16.7% |
| Industry Average | β | βΉ5.40 K Cr | 57.83 | 7.16 | 40.88 | 45.0% |