Polycab India Ltd.
NSE: POLYCAB · Cables - Electricals
Snapshot
Unlock Polycab India Ltd.'s vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
Polycab India Limited is a leading manufacturer of wires, cables, and fast-moving electrical goods (FMEG). The company also provides comprehensive engineering, procurement, and construction services for power distribution and rural electrification projects.
Business Model
The company generates revenue through the manufacturing and sale of electrical products via an extensive distribution network, complemented by project-based execution in the power infrastructure sector.
- Authorized dealers and distributors:3,464
- Retail outlets:100,000
Growth Outlook
Growth is driven by the expansion of the FMEG portfolio, including solar solutions and home appliances, alongside continued participation in large-scale national power infrastructure projects.
Key Risks
- Raw Material Price Volatility. Fluctuations in the prices of copper and aluminium, which are primary inputs, can significantly impact profit margins.
- Competitive Intensity. The electrical goods sector is highly fragmented with intense competition from both organised and unorganised players.
- Project Execution Risk. Delays or cost overruns in large-scale power distribution and electrification projects could adversely affect financial performance.
- Economic Cyclicality. Demand for wires and cables is closely linked to the cyclical nature of the real estate and infrastructure development sectors.
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Key Metrics
REVENUE
₹31,188 Cr
TTM · consolidated
NET PROFIT
₹2,905 Cr
TTM · consolidated
EPS
₹191.11
TTM · consolidated
RETURN ON EQUITY
26.6%
TTM · consolidated
RETURN ON CAPITAL EMPLOYED
36.4%
TTM · consolidated
P/E
43.4x
Q1 FY27 · consolidated
EV/EBITDA
27.4x
Q1 FY27 · consolidated
EBITDA MARGIN
14.6%
TTM · consolidated
NET PROFIT MARGIN
9.7%
Q1 FY27 · consolidated
DEBT TO EQUITY
0.0x
Q1 FY27 · consolidated
Peers · Cables - Electricals
| Company | Mkt Cap | P/E | EV/EBITDA | Rev Gr YoY | EBITDA Mgn | ROE | ROCE | 1Y Return |
|---|---|---|---|---|---|---|---|---|
Polycab India Ltd.POLYCAB | ₹1.25L Cr | 43.43 | 27.45 | 32.1% | 14.6% | 26.6% | 36.4% | +14.4% |
KEI Industries Ltd.KEI | ₹46,366 Cr | 46.50 | 29.96 | 20.4% | 12.2% | 16.0% | 22.0% | +17.6% |
R R Kabel Ltd.RRKABEL | ₹27,757 Cr | 45.67 | 27.85 | 37.7% | 9.2% | 25.7% | 35.9% | +101.2% |
Finolex Cables Ltd.FINCABLES | ₹18,662 Cr | 23.33 | 20.80 | 26.5% | 12.8% | 13.8% | 15.8% | +44.7% |
KSH InternationaKSHINTL | ₹7,370 Cr | 52.96 | 30.23 | — | 6.8% | 16.0% | 26.4% | — |
Universal CablesUNIVCABLES | ₹5,469 Cr | 27.30 | 20.53 | 33.6% | 9.6% | 10.9% | 10.7% | +121.5% |
As of Q1 FY27
Financials
Polycab India Ltd.
NSE: POLYCAB · Cables - Electricals
Snapshot
Unlock Polycab India Ltd.'s vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
Polycab India Limited is a leading manufacturer of wires, cables, and fast-moving electrical goods (FMEG). The company also provides comprehensive engineering, procurement, and construction services for power distribution and rural electrification projects.
Business Model
The company generates revenue through the manufacturing and sale of electrical products via an extensive distribution network, complemented by project-based execution in the power infrastructure sector.
- Authorized dealers and distributors:3,464
- Retail outlets:100,000
Growth Outlook
Growth is driven by the expansion of the FMEG portfolio, including solar solutions and home appliances, alongside continued participation in large-scale national power infrastructure projects.
Key Risks
- Raw Material Price Volatility. Fluctuations in the prices of copper and aluminium, which are primary inputs, can significantly impact profit margins.
- Competitive Intensity. The electrical goods sector is highly fragmented with intense competition from both organised and unorganised players.
- Project Execution Risk. Delays or cost overruns in large-scale power distribution and electrification projects could adversely affect financial performance.
- Economic Cyclicality. Demand for wires and cables is closely linked to the cyclical nature of the real estate and infrastructure development sectors.
Start your research today
Unlock AI insights, financials, peers and live data on Polycab India Ltd. and 5,000+ companies — free.
Key Metrics
REVENUE
₹31,188 Cr
TTM · consolidated
NET PROFIT
₹2,905 Cr
TTM · consolidated
EPS
₹191.11
TTM · consolidated
RETURN ON EQUITY
26.6%
TTM · consolidated
RETURN ON CAPITAL EMPLOYED
36.4%
TTM · consolidated
P/E
43.4x
Q1 FY27 · consolidated
EV/EBITDA
27.4x
Q1 FY27 · consolidated
EBITDA MARGIN
14.6%
TTM · consolidated
NET PROFIT MARGIN
9.7%
Q1 FY27 · consolidated
DEBT TO EQUITY
0.0x
Q1 FY27 · consolidated
Peers · Cables - Electricals
As of Q1 FY27