Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Polycab India Ltd
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 4,324 | 3,889 | 4,218 | 4,340 | 5,592 | 4,698 | 5,498 | 5,226 | 6,986 | 5,906 | 6,477 | 7,636 | 8,864 |
| Expenses + | 3,721 | 3,341 | 3,609 | 3,771 | 4,830 | 4,115 | 4,867 | 4,506 | 5,960 | 5,048 | 5,456 | 6,670 | 7,703 |
| Operating Profit | 603 | 549 | 609 | 570 | 762 | 583 | 632 | 720 | 1,025 | 858 | 1,021 | 966 | 1,161 |
| OPM % | 14% | 14% | 14% | 13% | 14% | 12% | 11% | 14% | 15% | 15% | 16% | 13% | 13% |
| Other Income + | 52 | 64 | 35 | 71 | 54 | 58 | 76 | 25 | 48 | 80 | 45 | 50 | 60 |
| Interest | 28 | 25 | 27 | 32 | 24 | 41 | 45 | 50 | 33 | 51 | 48 | 69 | 75 |
| Depreciation | 53 | 57 | 60 | 62 | 66 | 67 | 72 | 79 | 80 | 86 | 97 | 106 | 98 |
| Profit before tax | 573 | 530 | 557 | 546 | 725 | 533 | 590 | 617 | 961 | 801 | 921 | 842 | 1,049 |
| Tax % | 25% | 24% | 23% | 24% | 24% | 25% | 25% | 25% | 24% | 25% | 25% | 25% | 25% |
| Net Profit + | 429 | 403 | 430 | 417 | 553 | 402 | 445 | 464 | 734 | 600 | 693 | 630 | 786 |
| EPS in Rs | 28.38 | 26.67 | 28.37 | 27.49 | 36.34 | 26.34 | 29.24 | 30.42 | 48.31 | 39.34 | 45.54 | 41.30 | 51.33 |
Financials of Polycab India Ltd
Annual income statement trend
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 4,707 | 5,202 | 5,500 | 6,770 | 7,986 | 8,830 | 8,792 | 12,204 | 14,108 | 18,039 | 22,408 | 28,884 |
| Expenses + | 4,266 | 4,710 | 5,020 | 6,041 | 7,035 | 7,701 | 7,681 | 10,940 | 12,265 | 15,548 | 19,445 | 24,878 |
| Operating Profit | 442 | 492 | 480 | 729 | 950 | 1,129 | 1,111 | 1,264 | 1,843 | 2,492 | 2,964 | 4,006 |
| OPM % | 9% | 9% | 9% | 11% | 12% | 13% | 13% | 10% | 13% | 14% | 13% | 14% |
| Other Income + | 5 | 32 | 75 | 65 | 64 | 91 | 164 | 161 | 133 | 221 | 204 | 236 |
| Interest | 108 | 147 | 66 | 94 | 117 | 50 | 43 | 35 | 60 | 108 | 169 | 243 |
| Depreciation | 98 | 111 | 128 | 133 | 141 | 161 | 176 | 202 | 209 | 245 | 298 | 386 |
| Profit before tax | 241 | 265 | 361 | 567 | 756 | 1,010 | 1,056 | 1,188 | 1,707 | 2,359 | 2,701 | 3,613 |
| Tax % | 32% | 30% | 36% | 37% | 34% | 24% | 16% | 23% | 25% | 24% | 24% | 25% |
| Net Profit + | 164 | 185 | 233 | 359 | 500 | 766 | 886 | 917 | 1,283 | 1,803 | 2,046 | 2,708 |
| EPS in Rs | 11.64 | 13.09 | 16.48 | 25.35 | 35.39 | 50.97 | 59.15 | 60.80 | 84.85 | 118.75 | 134.28 | 177.48 |
| Dividend Payout % | 9% | 13% | 6% | 0% | 8% | 14% | 17% | 23% | 24% | 25% | 26% | 26% |
Financials of Polycab India Ltd
Capital structure and asset base
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 141 | 141 | 141 | 141 | 141 | 149 | 149 | 149 | 150 | 150 | 150 | 151 |
| Reserves | 1,489 | 1,642 | 1,853 | 2,206 | 2,706 | 3,688 | 4,605 | 5,394 | 6,487 | 8,037 | 9,675 | 11,858 |
| Borrowings + | 546 | 796 | 856 | 800 | 272 | 157 | 282 | 118 | 109 | 161 | 202 | 236 |
| Other Liabilities + | 1,138 | 1,296 | 1,729 | 1,300 | 2,509 | 1,967 | 1,978 | 1,750 | 2,678 | 3,718 | 3,721 | 8,232 |
| Total Liabilities | 3,314 | 3,875 | 4,579 | 4,448 | 5,628 | 5,961 | 7,015 | 7,412 | 9,424 | 12,066 | 13,749 | 20,476 |
| Fixed Assets + | 822 | 985 | 1,128 | 1,197 | 1,276 | 1,422 | 1,870 | 1,675 | 2,067 | 2,338 | 3,011 | 3,740 |
| CWIP | 179 | 138 | 165 | 136 | 193 | 241 | 99 | 375 | 251 | 578 | 708 | 1,139 |
| Investments | 0 | 0 | 33 | 32 | 29 | 65 | 635 | 773 | 1,350 | 1,822 | 1,749 | 3,405 |
| Other Assets + | 2,312 | 2,752 | 3,253 | 3,083 | 4,130 | 4,232 | 4,411 | 4,588 | 5,756 | 7,328 | 8,280 | 12,192 |
| Total Assets | 3,314 | 3,875 | 4,579 | 4,448 | 5,628 | 5,961 | 7,015 | 7,412 | 9,424 | 12,066 | 13,749 | 20,476 |
Financials of Polycab India Ltd
Operating, investing and financing cash movement
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 150 | 221 | 296 | 362 | 1,230 | 244 | 1,252 | 512 | 1,428 | 1,296 | 1,809 | 3,811 |
| Cash from Investing Activity + | -173 | -247 | -295 | -188 | -408 | -262 | -1,012 | -427 | -1,203 | -752 | -1,239 | -2,850 |
| Cash from Financing Activity + | 15 | 45 | -10 | -190 | -651 | 11 | -175 | -201 | -227 | -387 | -628 | -799 |
| Net Cash Flow | -8 | 20 | -8 | -15 | 171 | -7 | 66 | -116 | -2 | 157 | -59 | 162 |
| Free Cash Flow | -52 | -26 | 18 | 179 | 949 | -45 | 1,061 | -8 | 969 | 438 | 853 | 2,340 |
| CFO/OP | 48% | 69% | 83% | 69% | 148% | 48% | 134% | 67% | 98% | 75% | 82% | 117% |
Financials of Polycab India Ltd
Working capital efficiency and return ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 84 | 95 | 80 | 70 | 61 | 59 | 60 | 39 | 32 | 41 | 42 | 48 |
| Inventory Days | 95 | 94 | 134 | 128 | 116 | 113 | 86 | 104 | 105 | 86 | 99 | |
| Days Payable | 101 | 101 | 120 | 97 | 82 | 77 | 48 | 72 | 82 | 64 | 32 | |
| Cash Conversion Cycle | 78 | 88 | 94 | 70 | 91 | 94 | 96 | 77 | 65 | 65 | 64 | 114 |
| Working Capital Days | 86 | 94 | 96 | 57 | 45 | 71 | 67 | 67 | 58 | 59 | 54 | 73 |
| ROCE % | 17% | 17% | 16% | 22% | 28% | 29% | 23% | 21% | 27% | 31% | 30% | 34% |