| Quarterly Financials | Mar 2018 | Jun 2018 | Sept 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sept 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sept 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sept 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sept 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 |
Revenue  | 2,129 | 1,706 | 1,810 | 2,051 | 2,488 | 1,985 | 2,254 | 2,508 | 2,176 | 1,020 | 2,146 | 2,798 | 2,979 | 1,880 | 3,037 | 3,462 | 3,987 | 2,781 | 3,330 | 3,755 | 4,375 | 3,953 | 4,253 | 4,412 | 5,646 | 4,756 | 5,575 | 5,251 | 7,034 | 5,986 | 6,523 |
| Expenses | 1,765 | 1,513 | 1,599 | 1,707 | 2,220 | 1,728 | 1,972 | 2,168 | 1,835 | 920 | 1,802 | 2,396 | 2,539 | 1,723 | 2,714 | 3,010 | 3,494 | 2,427 | 2,906 | 3,212 | 3,721 | 3,341 | 3,609 | 3,771 | 4,830 | 4,115 | 4,867 | 4,506 | 5,960 | 5,048 | 5,457 |
| EBITDA | 363 | 193 | 211 | 343 | 268 | 257 | 283 | 339 | 341 | 100 | 345 | 402 | 440 | 157 | 323 | 451 | 493 | 354 | 425 | 543 | 655 | 613 | 644 | 641 | 815 | 642 | 708 | 745 | 1,074 | 938 | 1,066 |
| Operating Profit % | 16 % | 10 % | 12 % | 16 % | 10 % | 11 % | 12 % | 14 % | 14 % | 6 % | 15 % | 13 % | 14 % | 7 % | 10 % | 11 % | 12 % | 11 % | 13 % | 14 % | 14 % | 14 % | 14 % | 13 % | 14 % | 12 % | 11 % | 14 % | 15 % | 15 % | 16 % |
| Depreciation | 34 | 35 | 36 | 36 | 34 | 39 | 40 | 41 | 42 | 44 | 46 | 45 | 46 | 49 | 51 | 51 | 50 | 51 | 52 | 53 | 54 | 57 | 60 | 62 | 66 | 67 | 72 | 79 | 80 | 86 | 97 |
| Interest | 39 | 37 | 36 | 17 | 26 | 12 | 13 | 9 | 16 | 16 | 11 | 7 | 13 | 10 | 5 | 8 | 13 | 8 | 14 | 9 | 28 | 25 | 27 | 32 | 24 | 41 | 45 | 50 | 33 | 51 | 48 |
| Profit Before Tax | 291 | 120 | 139 | 290 | 207 | 207 | 230 | 290 | 283 | 39 | 288 | 350 | 381 | 98 | 267 | 393 | 430 | 295 | 359 | 481 | 573 | 531 | 557 | 546 | 725 | 533 | 590 | 617 | 961 | 801 | 921 |
| Tax | 102 | 43 | 49 | 97 | 67 | 71 | 37 | 69 | 68 | -79 | 66 | 86 | 98 | 23 | 66 | 76 | 105 | 72 | 88 | 120 | 144 | 127 | 127 | 130 | 172 | 132 | 145 | 152 | 226 | 201 | 228 |
| Net Profit | 189 | 77 | 90 | 194 | 140 | 135 | 194 | 221 | 215 | 118 | 222 | 264 | 283 | 75 | 201 | 316 | 325 | 223 | 271 | 361 | 429 | 403 | 430 | 417 | 554 | 402 | 445 | 464 | 734 | 600 | 693 |
| EPS in ₹ | 13.35 | 5.44 | 6.32 | 13.69 | 9.94 | 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 | 17.91 | 23.89 | 28.37 | 26.68 | 28.38 | 27.50 | 36.37 | 26.35 | 29.25 | 30.42 | 48.31 | 39.36 | 45.54 |
Polycab
Polycab
7,560.00
-66.50
(-0.87%)
Key Fundamentals
Market Cap
1,13,800.60 Cr
EPS
134.34
PE Ratio
45.70
Dividend Yield
0.46 %
Industry
Industrial Products 52 Week High
7,903.00
52 Week Low
4,555.00
PB Ratio
11.59
Debt to Equity
0.02
Sector
Cables - Electricals Analyst Rating and Forecast
- By Refinitiv from28 analysts
Actual
Company News
View All News
Polycab India Limited announced a change in Key Managerial Personnel with the appointment of Niyant Maru as Chief Financial Officer effective October 28, 2025. Maru had previously been serving as Executive President - Finance since October 17, 2025. He is designated as a Whole-Time Key Managerial Personnel and is authorized to make material disclosures to stock exchanges. The company notified BSE and NSE of this leadership change.
Polycab announced its target to achieve 8-10% EBITDA margins in its FMEG (Fast Moving Electrical Goods) segment by FY30. The company maintains its long-term margin target of 11-13% over the next 5 years, even though current results are exceeding this range. These targets were communicated during a conference call.
Polycab India Reports Strong Q2 Results with 17.8% Revenue Growth and Appoints Interim CFO
Oct 17, 2025
Oct 17, 2025Polycab India Limited's Board approved unaudited financial results for the quarter and half year ended September 30, 2025. Consolidated revenue from operations increased to ₹64,772.11 million in Q2 FY26 from ₹54,984.23 million in the previous year, representing 17.8% growth. Net profit rose to ₹6,929.59 million from ₹4,452.08 million year-over-year. For the six-month period, consolidated revenue reached ₹1,23,831.87 million compared to ₹1,01,964.53 million in the previous year. The company's Wires and Cables segment generated ₹56,911.30 million in Q2 revenue, while FMEG contributed ₹4,521.84 million and EPC ₹4,023.90 million. The Board also appointed Mr. Niyant Maru as Executive President - Finance effective October 17, 2025, who will be designated as Chief Financial Officer from October 28, 2025 for a fixed term of nine months. This appointment follows the resignation of the previous CFO. Earnings per share (basic) stood at ₹45.54 for the quarter.
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Peer Comparison Compare Peers on Screener
Competitors | LTP | Market Cap (₹ Cr.) | P/E Ratio | Revenue (₹ Cr.) | YoY Revenue Growth % | Net Profit (₹ Cr.) | YoY Profit Growth % | RSI |
|---|---|---|---|---|---|---|---|---|
7,560.00 | #1 1,13,800.60 | #7 45.70 | #1 22,615.90 | #5 23.85 | #1 2,046 | #4 55.66 | 50.07 | |
3,990.10 | 38,126.40 | 48.30 | 9,807.70 | 20.29 | 696 | 31.46 | 40.03 | |
1,421.80 | 16,078.60 | 39.85 | 7,669.30 | 15.20 | 312 | 134.95 | 69.94 | |
787.40 | 12,042.40 | 19.44 | 5,516.30 | 6.29 | 701 | -33.33 | 42.27 | |
728.75 | 2,331.30 | 21.64 | 2,431.20 | 18.93 | 89 | #1 487.50 | 56.43 | |
397.65 | 1,927.00 | 24.95 | 1,031.90 | 33.75 | 65 | 41.01 | 43.99 | |
1,765.00 | 1,921.80 | 53.98 | 406.50 | #1 92.02 | 32 | 67.92 | 42.66 | |
581.45 | 1,419.90 | 39.34 | 906.20 | 60.16 | 36 | -62.50 | 60.74 | |
335.95 | 1,343.80 | - | 152.90 | 0.72 | -20 | -45.16 | 34.67 | |
42.89 | 1,308.30 | #1 16.31 | 1,586.60 | 47.10 | 87 | -26.88 | 40.22 |
Automatic Screeners on ScanX
Growth Rate
Revenue Growth
23.85 %
Net Income Growth
13.46 %
Cash Flow Change
39.52 %
ROE
-5.58 %
ROCE
-3.85 %
EBITDA Margin (Avg.)
-5.72 %
Quarterly Financial Results
Balance Sheet
| Balance Sheet | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
| Total Assets | 4,448 | 5,628 | 5,962 | 7,015 | 7,412 | 9,426 | 12,079 | 13,773 |
| Fixed Assets | 1,197 | 1,276 | 1,422 | 1,870 | 1,675 | 2,067 | 2,338 | 3,011 |
| Current Assets | 2,926 | 3,924 | 4,050 | 4,773 | 5,141 | 6,909 | 8,714 | 9,319 |
| Capital Work in Progress | 136 | 193 | 241 | 99 | 376 | 251 | 578 | 708 |
| Investments | 32 | 29 | 66 | 635 | 773 | 1,351 | 1,822 | 1,749 |
| Other Assets | 3,083 | 4,130 | 4,233 | 4,411 | 4,588 | 5,757 | 7,341 | 8,304 |
| Total Liabilities | 4,448 | 5,628 | 5,962 | 7,015 | 7,412 | 9,426 | 12,079 | 13,773 |
| Current Liabilities | 1,854 | 2,619 | 2,009 | 2,015 | 1,741 | 2,621 | 3,594 | 3,510 |
| Non Current Liabilities | 242 | 154 | 101 | 227 | 102 | 130 | 241 | 356 |
| Total Equity | 2,352 | 2,855 | 3,851 | 4,773 | 5,569 | 6,675 | 8,243 | 9,907 |
| Reserve & Surplus | 2,206 | 2,706 | 3,688 | 4,604 | 5,394 | 6,487 | 8,036 | 9,675 |
| Share Capital | 141 | 141 | 149 | 149 | 149 | 150 | 150 | 150 |
Cash Flow
| Cash Flow | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
| Net Cash Flow | -8 | 20 | -8 | -15 | 171 | -7 | 66 | -116 | -2 | 157 | -59 |
| Investing Activities | -173 | -247 | -295 | -188 | -408 | -262 | -1,012 | -427 | -1,203 | -752 | -1,239 |
| Operating Activities | 150 | 221 | 296 | 362 | 1,230 | 244 | 1,252 | 512 | 1,428 | 1,296 | 1,809 |
| Financing Activities | 15 | 46 | -10 | -190 | -651 | 11 | -175 | -201 | -227 | -387 | -628 |
Share Holding
| % Holding | Mar 2021 | Jun 2021 | Sept 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sept 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 |
| Promoter | 68.42 % | 68.40 % | 68.36 % | 68.15 % | 68.08 % | 67.99 % | 67.97 % | 66.61 % | 66.20 % | 65.99 % | 65.91 % | 65.79 % | 65.24 % | 65.02 % | 63.06 % | 63.05 % | 63.04 % | 63.01 % | 61.52 % |
| FIIs | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.01 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 11.95 % | 13.63 % | 13.48 % | 12.76 % | 11.11 % | 11.44 % | 13.97 % |
| DIIs | 6.64 % | 7.81 % | 7.95 % | 7.85 % | 8.31 % | 8.11 % | 8.83 % | 10.11 % | 9.34 % | 9.74 % | 6.73 % | 6.37 % | 7.23 % | 6.93 % | 9.36 % | 10.67 % | 10.95 % | 11.60 % | 11.68 % |
| Government | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % |
| Public / Retail | 11.48 % | 12.70 % | 13.29 % | 13.99 % | 13.96 % | 14.12 % | 13.36 % | 13.25 % | 12.78 % | 12.76 % | 11.99 % | 11.80 % | 13.60 % | 12.60 % | 12.34 % | 11.88 % | 12.88 % | 12.13 % | 11.18 % |
| Others | 13.45 % | 11.09 % | 10.41 % | 10.01 % | 9.64 % | 9.77 % | 9.84 % | 10.02 % | 11.68 % | 11.50 % | 15.38 % | 16.04 % | 1.98 % | 1.83 % | 1.76 % | 1.65 % | 2.01 % | 1.81 % | 1.65 % |
| No of Share Holders | 0 | 1,36,308 | 1,73,743 | 2,60,273 | 3,03,912 | 3,23,697 | 3,29,474 | 3,26,774 | 3,24,531 | 3,09,229 | 3,17,468 | 3,37,380 | 4,23,787 | 3,85,285 | 3,84,949 | 3,74,787 | 4,27,928 | 3,98,064 | 3,70,871 |
Dividend History
| Annual Cash Flows | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Per Share (₹) | 0.00 | 0.00 | 0.00 | 3 | 7 | 10 | 14 | 20 | 30 | 35 |
| Dividend Yield (%) | 0.00 | 0.00 | 0.00 | 0.4 | 0.51 | 0.42 | 0.49 | 0.39 | 0.58 | 0.46 |
Corporate Action
| Record Date | Corporate Action | Information | Announcement Day | LTP at Annoucement | LTP at Record Day |
|---|---|---|---|---|---|
| 13 Oct 2018 |  Change Of Name | NA | 13 Oct 2018 | 0.00 | 0.00 |
| 14 Jul 2021 |  Dividend | ₹ 10.00 /share | 12 Jul 2021 | 1,543.70 | 1,914.90 |
| 23 Jun 2022 | Dividend | ₹ 14.00 /share | 21 Jun 2022 | 2,435.45 | 2,127.65 |
| 22 Jun 2023 | Dividend | ₹ 20.00 /share | 21 Jun 2023 | 3,234.10 | 3,418.35 |
| 09 Jul 2024 | Dividend | ₹ 30.00 /share | 09 Jul 2024 | 5,803.50 | 6,545.85 |
| 16 Jul 2024 |  Annual General Meeting | NA | 16 Jul 2024 | 7,091.55 | 6,667.85 |
| 17 Oct 2024 |  Quarterly Result Announcement | NA | 17 Oct 2024 | 7,326.55 | 7,181.50 |
| 22 Jan 2025 | Quarterly Result Announcement | NA | 22 Jan 2025 | 7,144.60 | 6,559.65 |
| 06 May 2025 | Quarterly Result Announcement | NA | 06 May 2025 | 5,095.45 | 5,795.00 |
| 24 Jun 2025 | Dividend | ₹ 35.00 /share | 24 Jun 2025 | 5,795.00 | 6,291.05 |
| 01 Jul 2025 | Annual General Meeting | NA | 01 Jul 2025 | 6,055.75 | 6,551.00 |
| 17 Jul 2025 | Quarterly Result Announcement | NA | 17 Jul 2025 | 6,498.00 | 6,948.00 |
| 17 Oct 2025 | Quarterly Result Announcement | NA | 17 Oct 2025 | 7,353.10 | 7,579.30 |
Announcements
Announcement Under Regulation 30 (LODR) - Intimation Of Analyst(S) / Investor(S) Meet6 hours ago
6 hours agoAnnouncement Under Regulation 30 (LODR) - Intimation Of Analyst(S) / Investor(S) Meet2 days ago
2 days agoAnnouncement under Regulation 30 (LODR)-Earnings Call Transcript7 days ago
7 days agoAnnouncement Under Regulation 30 (LODR) - Disclosure On Account Of Change In The Key Managerial Personnel (KMP) Of Polycab India Limited (The Company)8 days ago
8 days agoAnnouncement Under Regulation 30 (LODR) - Intimation Of Analyst(S) / Investor(S) Meet9 days ago
9 days agoAnnouncement under Regulation 30 (LODR)-Allotment of ESOP / ESPSOct 18, 2025
Oct 18, 2025 Submission Of Audio Recording Of Earnings Conference CallOct 18, 2025
Oct 18, 2025Unaudited Interim Condensed (Standalone And Consolidated) Financial Statements For The Quarter And Half Year Ended September 30 2025Oct 17, 2025
Oct 17, 2025Corporate Presentation On The Unaudited Financial Results For The Quarter And Half Year Ended September 30 2025
Oct 17, 2025
Oct 17, 2025Announcement under Regulation 30 (LODR)-Investor PresentationOct 17, 2025
Oct 17, 2025Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseOct 17, 2025
Oct 17, 2025Announcement under Regulation 30 (LODR)-Change in ManagementOct 17, 2025
Oct 17, 2025Unaudited Standalone And Consolidated Financial Results Along With The Limited Review Reports For The Quarter And Half Year Ended September 30 2025Oct 17, 2025
Oct 17, 2025Board Meeting Outcome for Board Meeting Outcome For Outcome Of Board MeetingOct 17, 2025
Oct 17, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationOct 03, 2025
Oct 03, 2025Board Meeting Intimation for Unaudited Quarterly Results For Q2 FY 2025-26Oct 03, 2025
Oct 03, 2025Closure of Trading WindowSep 29, 2025
Sep 29, 2025Announcement Under Regulation 30 (LODR) - Intimation Of Analyst(S) / Investor(S) MeetSep 23, 2025
Sep 23, 2025Announcement under Regulation 30 (LODR)-Change in DirectorateSep 20, 2025
Sep 20, 2025Announcement Under Regulation 30 (LODR) - Intimation Of Analyst(S) / Investor(S) MeetSep 19, 2025
Sep 19, 2025Announcement Under Regulation 30 (LODR) - Intimation Of Analyst(S) / Investor(S) MeetSep 18, 2025
Sep 18, 2025Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPSSep 18, 2025
Sep 18, 2025Announcement Under Regulation 30 (LODR)-Analyst / Investor MeetSep 12, 2025
Sep 12, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationSep 04, 2025
Sep 04, 2025Announcement Under Regulation 30 (LODR) - Analyst(S) / Investor(S) Meet - IntimationSep 01, 2025
Sep 01, 2025Announcement Under Regulation 30 Of SEBI LODRAug 31, 2025
Aug 31, 2025Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPSAug 26, 2025
Aug 26, 2025Analyst(S) / Investor(S) Meet - IntimationAug 25, 2025
Aug 25, 2025Announcement under Regulation 30 (LODR)-Change in DirectorateAug 05, 2025
Aug 05, 2025Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPSAug 02, 2025
Aug 02, 2025Announcement under Regulation 30 (LODR)-Credit RatingAug 01, 2025
Aug 01, 2025Announcement Under Regulation 30 (LODR) - Analyst(S) / Investor(S) Meet - IntimationJul 28, 2025
Jul 28, 2025Announcement under Regulation 30 (LODR)-Earnings Call TranscriptJul 25, 2025
Jul 25, 2025Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPSJul 19, 2025
Jul 19, 2025Announcement under Regulation 30 (LODR)-Credit RatingJul 19, 2025
Jul 19, 2025Unaudited Interim Condensed (Standalone And Consolidated) Financial Statements For The Quarter Ended June 30 2025Jul 17, 2025
Jul 17, 2025Corporate Presentation On The Unaudited Financial Results For The Quarter Ended June 30 2025Jul 17, 2025
Jul 17, 2025Announcement under Regulation 30 (LODR)-Investor PresentationJul 17, 2025
Jul 17, 2025Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseJul 17, 2025
Jul 17, 2025Unaudited Standalone And Consolidated Financial Results Along With The Limited Review Reports For The Quarter Ended June 30 2025Jul 17, 2025
Jul 17, 2025Board Meeting Outcome for Outcome Of Board MeetingJul 17, 2025
Jul 17, 2025Announcement under Regulation 30 (LODR)-Credit RatingJul 10, 2025
Jul 10, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationJul 03, 2025
Jul 03, 2025Disclosure Under Regulation 44(3) Of SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015Jul 01, 2025
Jul 01, 2025Announcement under Regulation 30 (LODR)-Date of payment of DividendJul 01, 2025
Jul 01, 2025Shareholder Meeting / Postal Ballot-Outcome of AGMJul 01, 2025
Jul 01, 2025Shareholder Meeting / Postal Ballot-Scrutinizers ReportJul 01, 2025
Jul 01, 2025Board Meeting Intimation for Unaudited Quarterly Results For Q1 FY 25-26Jun 30, 2025
Jun 30, 2025Closure of Trading WindowJun 26, 2025
Jun 26, 2025Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPSJun 18, 2025
Jun 18, 2025Mutual Fund Holdings
Edelweiss Balanced Advantage Fund Direct-Growth 
Motilal Oswal Flexi Cap Fund Direct-Growth 
Mahindra Manulife Multi Cap Fund Direct - Growth 
Kotak Arbitrage Fund Direct-Growth 
HSBC Midcap Fund Direct-Growth 
Invesco India Arbitrage Fund Direct-Growth 
Aditya Birla Sun Life Quant Fund Direct-Growth 
SBI Quant Fund Direct-Growth 
Bandhan Arbitrage Fund Direct-Growth 
ICICI Prudential Equity Arbitrage Direct-Growth 
Tata Arbitrage Fund Direct - Growth 
Nippon India Arbitrage Fund Direct-Growth 
HDFC Arbitrage Fund Wholesale Direct-Growth 
Axis Arbitrage Fund Direct-Growth 
UTI Flexi Cap Fund Direct-Growth Technical Indicators
RSI(14)
Neutral 50.07
ATR(14)
Less Volatile 178.60
STOCH(9,6)
Neutral 60.05
STOCH RSI(14)
Neutral 25.34
MACD(12,26)
Bearish -12.14
ADX(14)
Weak Trend 13.79
UO(9)
Bearish 47.32
ROC(12)
Downtrend And Accelerating -0.24
WillR(14)
Neutral -51.70
About Polycab
Polycab India Limited is India's largest manufacturer of wires and cables, and a growing player in the Fast Moving Electrical Goods (FMEG) space. The company produces a wide range of products including power cables, control cables, building wires, flexible cables, communication cables, and FMEG items such as electric fans, LED lighting, switches, and solar products. Polycab also operates in the Engineering, Procurement and Construction (EPC) sector, focusing on power distribution and rural electrification projects. The company has 28 manufacturing facilities across Gujarat, Maharashtra, Uttarakhand, and Daman. It maintains a extensive supply chain network of authorized dealers, distributors, and retailers throughout India, serving both institutional and government clients.
Listing Date
16 Apr, 2019(6 Years,
-11 days)
Website
Chairperson NameInder Thakurdas Jaisinghani
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