Polycab India Limited (NSE:POLYCAB)

Polycab India Financials Overview

Financials in millions INR. Fiscal year is April - March.

Revenue & Profits

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Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Revenue Revenue Growth	311,875	288,838	224,083	180,394	141,078	122,038
Revenue Growth	32.06%	28.90%	24.22%	27.87%	15.60%	38.80%
Gross Profit Gross Profit Growth	76,339	72,634	55,401	47,299	35,772	27,129
Operating Income Operating Income Growth	39,878	37,156	26,700	22,468	16,430	10,649
Net Income Net Income Growth	28,642	26,720	20,200	17,840	12,708	9,086
Earnings Per Share EPS Growth	189.68	176.95	133.80	118.49	84.66	60.61
EPS Growth	29.27%	32.25%	12.92%	39.96%	39.69%	2.80%

Revenue by Segment

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Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Fast Moving Electrical Goods (FMEG) Fast Moving Electrical Goods (FMEG) Growth	23,763	20,693	16,822	12,988	12,607	12,544
Eliminations Eliminations Growth	-2,964	-3,555	-3,772	-2,290	-3,565	-1,744
Wires and Cables Wires and Cables Growth	275,076	255,344	192,366	162,806	127,775	107,938
Epc Epc Growth	16,268	16,665	19,192	7,888	-	-
Total Total Growth	312,143	289,147	224,609	181,392	141,465	122,440

Cash & Debt

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Fiscal Year	Current	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Cash & Investments Cash & Investments Growth	40,277	39,168	24,827	22,203	20,443	11,692
Total Debt Total Debt Growth	2,126	3,102	2,400	2,119	1,915	1,181
Net Cash (Debt) Net Cash Growth	38,151	36,066	22,427	20,084	18,528	10,511
Net Cash Growth	38.44%	60.81%	11.67%	8.39%	76.28%	20.52%
Net Cash Per Share Net Cash Per Share Growth	252.66	238.84	148.55	133.39	123.44	70.11

Cash Flow & CapEx

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Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Operating Cash Flow Operating Cash Flow Growth	35,605	38,107	18,085	12,962	14,275	5,116
Capital Expenditures CapEx Growth	-13,793	-14,803	-9,696	-8,530	-4,774	-5,265
Free Cash Flow Free Cash Flow Growth	21,811	23,303	8,389	4,433	9,501	-149.12
Free Cash Flow Growth	9.45%	177.78%	89.25%	-53.34%	-	-

Margins

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Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Gross Margin	24.48%	25.15%	24.72%	26.22%	25.36%	22.23%
Operating Margin	12.79%	12.86%	11.92%	12.46%	11.65%	8.73%
Pretax Margin	12.41%	12.51%	12.05%	13.08%	12.10%	9.14%
Profit Margin	9.18%	9.25%	9.01%	9.89%	9.01%	7.45%
FCF Margin	6.99%	8.07%	3.74%	2.46%	6.73%	-0.12%

Dividends

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Fiscal Year	Current	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jul 26, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Dividend Per Share Dividend Per Share Growth	47.000	47.000	35.000	30.000	20.000	14.000
Dividend Per Share Growth	34.29%	34.29%	16.67%	50.00%	42.86%	40.00%
Dividend Yield	0.53%	0.69%	0.69%	0.60%	0.71%	0.61%

Valuation

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Fiscal Year	Current	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jul 26, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
PE Ratio	46.96	38.56	38.34	42.65	33.94	38.89
Forward PE	40.38	34.49	33.72	42.38	31.98	34.74
P/FCF Ratio	61.52	44.21	92.31	171.66	45.40	-
PS Ratio	4.30	3.57	3.46	4.22	3.06	2.90

Data Source: S&P Global Market Intelligence Last updated: Jun 30, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Jul 22, 2026

Data Sources Report a data error