āagman

Not investment advice. Data and computed figures, for information only.

Polycab India Ltd

NSE: POLYCABF&O
₹8,219.00
+₹12.00 (+0.15%)
NSE · 16 Oct 2026, close
NSE
As of 31 Mar 2026
Market Cap
₹1,24,400 Cr
CMP
₹8,219.00
52-wk High / Low
₹10,126 / 6,663
P/E
43.4
P/B
10.3
Book Value
₹798.0
Div Yield
0.57%
ROCE
33.0%
ROE
23.0%
Face Value
₹10
D/E
0.02

Price+6.9% over 1Y

āagman read

Computed by āagman
Derived from 12 years and 15 quarters of filings. Not reported by the company.
As of 16 Oct 2026
How we compute these
Piotroski F-Score
4
/ 9
4 of 9 F-score tests passed
Graham Number
₹1,785
√(22.5 × EPS × book value per share)
ROIC
22.2%
vs 12.3% sector median
Cash flow to profit
1.41
CFO / PAT
Above 1.0 = operating cash flow exceeded reported profit
Margin change
−69
bps OPM YoY
Operating margin vs the same quarter last year
Sustainable growth
17.3%
ROE × earnings retention ratio
ROE stability
2.2
pp σ
Standard deviation of ROE across periods. Lower = more stable
Holder deltas
QoQ
pp
Prom −0.04FII +0.79DII −0.33
Latest quarter vs the previous one
Cash-accrual divergence
−6.4%
of assets
Low = accruals track cash flow
Strengths
+ROCE has stayed above the sector median for 5 consecutive years (weakest: 21% vs the 2022 sector median of 17%)
+Borrowings are down 70.4% since FY2016 (796 to 236)
+FII holding rose by 9.2pp over the last year
+PE of 43.4x is below the sector median of 43.6x
Watch-outs
−Price trades below its 200-day moving average (1.0x)
−Promoter holding fell by 4.7pp over the last year

Peer comparison

Peers
NameP/EMar Cap ₹ CrROCE %ROE %

Quarterly results

Consolidated basis (as filed) · ₹ Cr · 13 quarters
As of 30 Jun 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales3,8894,2184,3405,5924,6985,4985,2266,9865,9066,4777,6368,8648,210
Expenses3,3413,6093,7714,8304,1154,8674,5065,9605,0485,4566,6707,7037,074
Operating Profit5496095707625836327201,0258581,0219661,1611,136
OPM %14.1%14.4%13.1%13.6%12.4%11.5%13.8%14.7%14.5%15.8%12.7%13.1%13.8%
Other Income643571545876254880455060105
Interest25273224414550335148697580
Depreciation5760626667727980869710698103
Profit before tax5305575467255335906179618019218421,0491,058
Net Profit403430417553402445464734600693630786797
EPS (₹)26.6728.3727.4936.3426.3429.2430.4248.3139.3445.5441.3051.3352.07

Profit & Loss

As of 30 Jun 2026
Consolidated · ₹ Cr · 12 years + TTM
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales4,7075,2025,5006,7707,9868,8308,79212,20414,10818,03922,40828,88431,188
Expenses4,2664,7105,0206,0417,0357,7017,68110,94012,26515,54819,44524,87026,903
Operating Profit4424924807299501,1291,1111,2641,8432,4922,9644,0134,284
OPM %9.4%9.5%8.7%10.8%11.9%12.8%12.6%10.4%13.1%13.8%13.2%13.9%13.7%
Other Income53275656491164161133221204229261
Interest108147669411750433560108169243272
Depreciation98111128133141161176202209245298386403
Profit before tax2412653615677561,0101,0561,1881,7072,3592,7013,6133,871
Net Profit1641852333595007668869171,2821,8032,0462,7082,905
EPS (₹)11.6413.0916.4825.3535.3950.9759.1560.8084.80118.75134.28177.48190.24

Balance Sheet

As of 30 Jun 2026
Consolidated · ₹ Cr
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Jun 2026
Equity Capital141141141141141149149149150150150151—
Reserves1,4891,6421,8532,2062,7063,6884,6055,3946,4818,0379,67511,858—
Borrowings546796856800272157282118191161202236—
Other Liabilities1,1381,2961,7291,3002,5091,9671,9781,7502,6023,7183,7218,220—
Total Liabilities3,3143,8754,5794,4485,6285,9617,0157,4129,42412,06613,74920,465—
Fixed Assets8229851,1281,1971,2761,4221,8701,6752,0672,3383,0113,740—
CWIP179138165136193241993752515787081,139—
Investments00333229656357731,3501,8221,7493,405—
Other Assets2,3122,7523,2533,0834,1304,2324,4114,5885,7567,3288,28012,180—
Total Assets3,3143,8754,5794,4485,6285,9617,0157,4129,42412,06613,74920,465—

Cash Flows

As of 31 Mar 2026
Consolidated · ₹ Cr
Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity3101502212963621,2302441,2525121,4281,2961,8093,811
Cash from Investing Activity−109−173−247−295−188−408−262−1,012−427−1,203−752−1,239−2,850
Cash from Financing Activity−1961545−10−190−65111−175−201−227−387−628−799
Net Cash Flow4−820−8−15171−766−116−2157−59162

Ratios

As of 31 Mar 2026
13 periods
Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %—17.017.016.022.028.029.023.021.027.031.030.033.0
ROE %————————————23.0
EPS (₹)12.6511.6413.0916.4825.3535.3950.9759.1560.8084.80118.75134.28177.48
Book Value (₹)————————————798.0
Face Value (₹)————————————10
P/E————————————43.4
Div Yield %————————————0.57
NPM %2.23.53.54.25.36.28.69.97.49.09.99.09.3
OPM %8.09.09.09.011.012.013.013.010.013.014.013.014.0
D/E0.310.330.450.430.340.100.040.060.020.030.020.020.02
P/B————————————10.3

Growth

As of 11 Oct 2026
Compounded sales growth
10 years+19.0%
5 years+27.0%
3 years+27.0%
TTM+32.0%
Compounded profit growth
10 years+30.0%
5 years+24.0%
3 years+28.0%
TTM+29.0%
Stock price CAGR
5 years+26.0%
3 years+16.0%
Last year+7.0%
Return on equity
10 years21.0%
5 years21.0%
3 years23.0%
Last year23.0%

Shareholding pattern

As of 30 Jun 2025
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025
Promoters68.58%68.58%68.42%68.08%66.21%65.24%63.04%61.50%61.46%
FIIs4.89%4.89%6.38%5.75%9.78%11.96%11.11%18.21%19.00%
DIIs13.23%13.23%9.91%9.18%9.34%7.23%10.95%7.95%7.62%
Government—————————
Public13.30%13.30%15.29%16.98%14.67%15.58%14.90%12.33%11.92%
No. of shareholders1,05,0041,05,0041,36,3083,23,6973,14,1074,23,7874,27,9283,62,9973,56,777
Change since Jun 2023 (pp)
Promoters −7.12FIIs +14.11DIIs −5.61Public −1.38

Documents

As of 11 Oct 2026
Announcements
Announcement Under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationCorporate Insolvency Resolution Process (CIRP)-Updates - Corporate Insolvency Resolution Process (CIRP)Corporate Insolvency Resolution Process (CIRP)-Updates - Corporate Insolvency Resolution Process (CIRP)Corporate Insolvency Resolution Process (CIRP)-Updates - Corporate Insolvency Resolution Process (CIRP)Disclosure Under Regulation 30 Of SEBI (LODR) Regulations, 2015
Annual reports
Annual Report 2026Annual Report 2025Annual Report 2025Annual Report 2024Annual Report 2024
Credit ratings
Rating updateRating updateRating updateRating updateRating update
Concalls
Jul 2026TranscriptJul 2026PPTJul 2026RecordingMay 2026TranscriptMay 2026PPTJan 2026TranscriptJan 2026TranscriptJan 2026RecordingJan 2026PPTJan 2026Recording

Corporate actions

As of 19 Jun 2026
19 Jun 2026DIVIDENDDividend - Rs 47 Per Share—
24 Jun 2025DIVIDENDDividend - Rs 35 Per Share—
9 Jul 2024DIVIDENDAnnual General Meeting/Dividend - Rs 30 Per Share—
21 Jun 2023DIVIDENDAnnual General Meeting/Dividend - Rs 20 Per Share—
21 Jun 2022DIVIDENDAnnual General Meeting/Dividend - Rs 14 Per Share—
12 Jul 2021DIVIDEND Annual General Meeting/Dividend - Rs 10 Per Share—
12 Mar 2020DIVIDEND Interim Dividend - Rs 7 Per Share—
18 Jun 2019DIVIDEND Dividend - Rs 3 Per Share—
Fundamentals from a third-party compiler of exchange filings; prices from the exchanges. Not investment advice.© 2026 āagman