Polycab India Limited

Capital Goods · Industrial Products

NSE: POLYCAB BSE: 542652

₹8026.00

Sept. 30, 2026 · NSE · nse_bhavcopy

Peers in Industrial Products

The largest companies in the same industry by market cap. This company ranks #2 of 335. PE, ROE, 1Y return and scores come from the daily/weekly precomputed snapshot.

Company	Market cap (₹ Cr)	PE (TTM)	ROE	1Y return	Div. yield	Quality	Valuation	Momentum
Cummins India Limited	131,947	57.8	27.9%	23.7%	1.39%	84	0	27
Polycab India Limited (this stock)	120,900	43.0	22.3%	9.2%	0.59%	83	27	61
Welspun Corp Limited	71,672	81.9	17.2%	217.6%	0.18%	71	0	53
APL Apollo Tubes Limited	60,810	105.9	22.7%	26.5%	—	68	0	51
Supreme Industries Limited	43,837	46.5	15.5%	-17.6%	—	76	0	49
KEI Industries Limited	42,590	42.7	13.8%	10.4%	0.10%	70	29	61
Astral Limited	36,816	56.6	13.2%	-0.4%	—	76	12	12
AIA Engineering Limited	36,106	27.9	15.8%	19.1%	0.41%	71	29	61

Valuation multiples

Current only. Market cap is the whole company's; sales/EBITDA are trailing-twelve-month standalone; debt and cash come from the latest filed standalone balance sheet (March 31, 2026). EBITDA = PBT + interest + depreciation.

Enterprise value

₹120,547 Cr

EV / EBITDA

27.4x

EV / Sales

3.96x

Market cap / Sales

3.97x

Earnings yield

2.33%

Quarterly Financials

Download CSV

Standalone Consolidated

↑ Positive

Quarterly Revenue

Jun 2026 quarterly revenue is Rs 8,137 Cr, up 40.6% YoY.

↑ Positive

Quarterly Net Profit

Jun 2026 quarterly net profit is Rs 766 Cr, up 34.9% YoY.

Period end	Revenue (₹ Cr)	PBT (₹ Cr)	Net profit (₹ Cr)	Basic EPS
June 30, 2026	8,034	1,018	766	₹50.8900
March 31, 2026	8,585	1,003	750	₹49.8500
Dec. 31, 2025	7,517	825	618	₹41.0500
Sept. 30, 2025	6,340	896	675	₹44.8300
June 30, 2025	5,704	756	568	₹37.7400
March 31, 2025	6,841	952	731	₹48.5800
Dec. 31, 2024	5,105	601	453	₹30.1160
Sept. 30, 2024	5,366	571	431	₹28.6380
June 30, 2024	4,601	515	388	₹25.8010
March 31, 2024	5,433	603	458	₹30.5120
Dec. 31, 2023	4,513	602	459	₹30.5940
Sept. 30, 2023	4,256	584	450	₹29.9950
June 30, 2023	3,849	530	403	₹26.9360

Quarterly income statement (standalone, ₹ Cr)

Indicator	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23
Total income (before exceptional items)	8,137	8,643	7,564	6,391	5,787	6,898	5,130	5,444	4,661	5,485	4,584	4,292	3,914
Operating revenue	8,034	8,585	7,517	6,340	5,704	6,841	5,105	5,366	4,601	5,433	4,513	4,256	3,849
Other income	103	58	47	51	82	57	25	78	60	52	71	36	65
Operating expenses	6,943	7,474	6,571	5,355	4,899	5,839	4,406	4,761	4,042	4,796	3,892	3,625	3,304
Operating profit	1,092	1,111	946	985	805	1,002	699	605	559	637	621	631	545
Operating profit margin	13.6%	12.9%	12.6%	15.5%	14.1%	14.6%	13.7%	11.3%	12.2%	11.7%	13.8%	14.8%	14.2%
Depreciation	99	94	102	93	82	77	75	69	65	63	60	58	55
Interest	77	72	66	46	49	29	48	42	39	23	30	24	24
Exceptional items, gain / (loss)	—	—	—	—	—	—	—	—	—	—	—	—	—
Profit before tax	1,018	1,003	825	896	756	952	601	571	515	603	602	584	530
Tax	251	252	207	221	188	221	148	140	127	145	143	135	127
Net profit	766	750	618	675	568	731	453	431	388	458	459	450	403
EPS	50.89	49.85	41.05	44.83	37.74	48.58	30.12	28.64	25.80	30.51	30.59	30.00	26.94
Net profit (TTM)	2,809	2,611	2,591	2,426	2,182	2,002	1,729	1,736	1,755	1,771	1,745	1,549	1,317
EPS (TTM)	186.62	173.47	172.20	161.27	145.07	133.14	115.07	115.55	116.90	118.04	116.44	103.40	88.02

Total income excludes exceptional items, which are shown on their own row. Trendlyne and Screener fold exceptional items into revenue or other income, so their totals differ from this table by exactly that row.

Annual Financials

Year ended	Revenue (₹ Cr)	PBT (₹ Cr)	Net profit (₹ Cr)
March 31, 2026	28,185	3,468	2,601
March 31, 2025	21,914	2,639	2,002

Annual income statement (standalone, ₹ Cr; CAGR to the latest year)

Indicator	CAGR 3Y	CAGR 5Y	Mar 26	Mar 25	Mar 24	Mar 22	Mar 21	Mar 20
Total income (before exceptional items)	—	26.3%	28,423^†	22,133^†	18,274^†	12,188^†	8,856^†	8,900^†
Operating revenue	—	26.4%	28,185	21,914	18,051^†	12,098^†	8,736^†	8,789^†
Other income	—	—	238^†	219^†	223^†	91^†	120^†	112^†
Operating expenses	—	—	24,300^†	19,049^†	15,617^†	10,858^†	7,645^†	7,690^†
Operating profit	—	28.9%	3,885^†	2,865^†	2,434^†	1,240^†	1,091^†	1,099^†
Operating profit margin	—	—	13.8%^†	13.1%^†	13.5%^†	10.2%^†	12.5%^†	12.5%^†
Depreciation	—	—	372^†	287^†	236^†	197^†	174^†	159^†
Interest	—	—	233^†	159^†	100^†	33^†	41^†	48^†
Exceptional items, gain / (loss)	—	—	0^†	0^†	0^†	124^†	0^†	0^†
Profit before tax	—	28.4%	3,468	2,639	2,320^†	1,225^†	995^†	1,003^†
Tax	—	—	870^†	637^†	549^†	294^†	164^†	243^†
Net profit	—	25.6%	2,601	2,002	1,771^†	931^†	831^†	761^†
EPS	—	25.5%	173.47^†	133.14^†	118.04^†	62.37^†	55.79^†	51.28^†

^† Derived: the sum of that fiscal year's four quarterly filings (a real annual filing is used wherever one exists). Checked against filed annual figures, the sum lands within 0.5% for about 94% of company-years.

Annual ratios (standalone)

Ratio	Mar 26	Mar 25	Mar 24	Mar 22	Mar 21	Mar 20
Operating margin	13.8%^†	13.1%^†	13.5%^†	10.2%^†	12.5%^†	12.5%^†
EBIT margin	13.1%^†	12.8%^†	13.4%^†	10.4%^†	11.9%^†	12.0%^†
PBT margin	12.3%	12.0%	12.9%^†	10.1%^†	11.4%^†	11.4%^†
Net margin	9.2%	9.1%	9.8%^†	7.7%^†	9.5%^†	8.7%^†
Interest coverage	15.91x^†	17.61x^†	24.10x^†	37.65x^†	25.21x^†	21.95x^†
Dividend payout	20.2%^†	22.5%^†	16.9%^†	16.0%^†	0.0%^†	19.5%^†
Earnings retention	79.8%^†	77.5%^†	83.1%^†	84.0%^†	100.0%^†	80.5%^†
Current ratio	1.84x	2.72x	—	—	—	—
Quick ratio	1.15x	1.74x	—	—	—	—
Debt to equity	0.00x	0.00x	—	—	—	—
Return on equity	22.0%	20.5%	—	—	—	—
Return on assets	13.0%	14.9%	—	—	—	—
Return on capital employed	30.4%^†	27.8%^†	—	—	—	—
Asset turnover	1.41x	1.64x	—	—	—	—

Margins and asset turnover use operating revenue (interest earned for banks, excluding other income), not total income. Liquidity, leverage and return ratios need a filed standalone balance sheet, which exists only for recent years; returns use year-end equity/assets. Dividend payout is shown only for companies with a dividend record. † = built from a summed fiscal year.

Revenue Mix

Data unavailable.

Cash Flow

Year ended	Operating (₹ Cr)	Investing (₹ Cr)	Financing (₹ Cr)	Capex (₹ Cr)	Free Cash Flow (₹ Cr)
March 31, 2026	3,747	-2,820	-776	1,446	2,301
March 31, 2025	1,810	-1,210	-664	928	882

Balance Sheet (standalone)

Year ended	Total Assets (₹ Cr)	Total Equity (₹ Cr)	Reserves (₹ Cr)	Borrowings, Current (₹ Cr)	Borrowings, Non-current (₹ Cr)	Current Assets (₹ Cr)	Current Liabilities (₹ Cr)	Cash & Equivalents (₹ Cr)	Net Block (₹ Cr)	Inventory (₹ Cr)
March 31, 2026	19,954	11,844	11,694	0	0	14,317	7,788	352	3,383	5,363
March 31, 2025	13,393	9,763	9,612	0	0	9,084	3,338	190	2,693	3,281

Financial charts

Trend charts drawn from the standalone income-statement and ratio tables above (oldest year on the left); a gap means that period has no figure. Annual years marked † in the tables are derived from four quarters.