Polycab India Limited

NSEI:POLYCAB Stock Report

Market Cap: ₹752.6b

Polycab India Past Earnings Performance

Past criteria checks 2/6

Polycab India has been growing earnings at an average annual rate of 22.8%, while the Electrical industry saw earnings growing at 34.1% annually. Revenues have been growing at an average rate of 20.2% per year. Polycab India's return on equity is 20.4%, and it has net margins of 8.8%.

Key information

22.8%

Earnings growth rate

22.6%

EPS growth rate

Electrical Industry Growth25.1%
Revenue growth rate20.2%
Return on equity20.4%
Net Margin8.8%
Last Earnings Update31 Dec 2024

Recent past performance updates

Polycab India's (NSE:POLYCAB) Solid Earnings May Rest On Weak Foundations

Jan 30
Polycab India's (NSE:POLYCAB) Solid Earnings May Rest On Weak Foundations

We Think You Should Be Aware Of Some Concerning Factors In Polycab India's (NSE:POLYCAB) Earnings

Jul 27
We Think You Should Be Aware Of Some Concerning Factors In Polycab India's (NSE:POLYCAB) Earnings

Recent updates

If EPS Growth Is Important To You, Polycab India (NSE:POLYCAB) Presents An Opportunity

Mar 13
If EPS Growth Is Important To You, Polycab India (NSE:POLYCAB) Presents An Opportunity

Polycab India Limited's (NSE:POLYCAB) Share Price Not Quite Adding Up

Feb 12
Polycab India Limited's (NSE:POLYCAB) Share Price Not Quite Adding Up

Polycab India's (NSE:POLYCAB) Solid Earnings May Rest On Weak Foundations

Jan 30
Polycab India's (NSE:POLYCAB) Solid Earnings May Rest On Weak Foundations

Analysts Have Made A Financial Statement On Polycab India Limited's (NSE:POLYCAB) Third-Quarter Report

Jan 25
Analysts Have Made A Financial Statement On Polycab India Limited's (NSE:POLYCAB) Third-Quarter Report

With EPS Growth And More, Polycab India (NSE:POLYCAB) Makes An Interesting Case

Dec 06
With EPS Growth And More, Polycab India (NSE:POLYCAB) Makes An Interesting Case

Does Polycab India (NSE:POLYCAB) Have A Healthy Balance Sheet?

Nov 04
Does Polycab India (NSE:POLYCAB) Have A Healthy Balance Sheet?

Here's What Analysts Are Forecasting For Polycab India Limited (NSE:POLYCAB) After Its Half-Yearly Results

Oct 20
Here's What Analysts Are Forecasting For Polycab India Limited (NSE:POLYCAB) After Its Half-Yearly Results

Polycab India (NSE:POLYCAB) Knows How To Allocate Capital

Sep 17
Polycab India (NSE:POLYCAB) Knows How To Allocate Capital

Here's Why Polycab India (NSE:POLYCAB) Has Caught The Eye Of Investors

Sep 02
Here's Why Polycab India (NSE:POLYCAB) Has Caught The Eye Of Investors

Polycab India Limited's (NSE:POLYCAB) Business Is Yet to Catch Up With Its Share Price

Aug 15
Polycab India Limited's (NSE:POLYCAB) Business Is Yet to Catch Up With Its Share Price

We Think You Should Be Aware Of Some Concerning Factors In Polycab India's (NSE:POLYCAB) Earnings

Jul 27
We Think You Should Be Aware Of Some Concerning Factors In Polycab India's (NSE:POLYCAB) Earnings

Many Would Be Envious Of Polycab India's (NSE:POLYCAB) Excellent Returns On Capital

Jun 01
Many Would Be Envious Of Polycab India's (NSE:POLYCAB) Excellent Returns On Capital

Polycab India Limited Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year

May 13
Polycab India Limited Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year

Polycab India (NSE:POLYCAB) Has A Pretty Healthy Balance Sheet

May 11
Polycab India (NSE:POLYCAB) Has A Pretty Healthy Balance Sheet

Should You Be Adding Polycab India (NSE:POLYCAB) To Your Watchlist Today?

Mar 26
Should You Be Adding Polycab India (NSE:POLYCAB) To Your Watchlist Today?

Revenue & Expenses Breakdown

How Polycab India makes and spends money. Based on latest reported earnings, on an LTM basis.


Earnings and Revenue History

NSEI:POLYCAB Revenue, expenses and earnings (INR Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Dec 24210,14418,3938,4200
30 Sep 24201,28817,9468,4390
30 Jun 24188,48117,8048,3100
31 Mar 24180,39417,8408,1440
31 Dec 23167,71216,6317,5020
30 Sep 23161,45916,0816,8680
30 Jun 23152,60614,5056,1870
31 Mar 23141,07812,7085,8690
31 Dec 22137,54111,6795,6620
30 Sep 22134,10910,5675,3620
30 Jun 22130,8519,8405,2360
31 Mar 22122,0388,3654,9560
31 Dec 21111,7657,8374,8560
30 Sep 21105,5097,8094,6490
30 Jun 2196,7097,9284,4590
31 Mar 2187,9228,3804,2900
31 Dec 2079,7897,8264,2590
30 Sep 2077,3987,5754,3040
30 Jun 2078,5527,4214,3650
31 Mar 2088,3007,5914,8250
31 Dec 1991,6426,8554,7800
30 Sep 1986,8176,6014,5330
30 Jun 1982,5175,5744,3190
31 Mar 1979,8564,9974,1590
31 Dec 1876,0245,3674,0450
31 Mar 1867,7033,5803,6870
31 Mar 1755,0012,3273,0100
31 Mar 1652,0241,8482,7460
31 Mar 1547,0751,6432,0950
31 Mar 1439,8608931,5030

Quality Earnings: POLYCAB has a high level of non-cash earnings.

Growing Profit Margin: POLYCAB's current net profit margins (8.8%) are lower than last year (9.9%).


Free Cash Flow vs Earnings Analysis


Past Earnings Growth Analysis

Earnings Trend: POLYCAB's earnings have grown significantly by 22.8% per year over the past 5 years.

Accelerating Growth: POLYCAB's earnings growth over the past year (10.6%) is below its 5-year average (22.8% per year).

Earnings vs Industry: POLYCAB earnings growth over the past year (10.6%) did not outperform the Electrical industry 29.1%.


Return on Equity

High ROE: POLYCAB's Return on Equity (20.4%) is considered high.


Return on Assets


Return on Capital Employed


Discover strong past performing companies

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/03/14 02:55
End of Day Share Price 2025/03/13 00:00
Earnings2024/12/31
Annual Earnings2024/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Polycab India Limited is covered by 43 analysts. 27 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Manish ValechaAnand Rathi Shares and Stock Brokers Limited
null nullAnand Rathi Shares and Stock Brokers Limited
null nullAsian Markets Securities Private Limited