Polycab India Ltd
About
Polycab India manufactures wires and cables with a 26% market share in the Indian Fast Moving Electrical Goods (FMEG) market. It caters to industries like energy and power grids, building and mobility infrastructure, manufacturing, and exploration. Polycab offers fans, switches, water heaters, switchgears, solar panels, conduits and accessories, home automation solutions, and luminaires tailored for residential, commercial, and industrial applications. The company has 28 manufacturing facilities, 2 of which are joint ventures with Techno and Trafigura, located across Gujarat, Maharashtra, Uttarakhand, and Daman and Diu. Polycab can be seen in more than 70 countries across the globe. Its tagline—‘Ideas. Connected’ expresses its vision of connecting the world to a brighter future through its innovations.
Featured In Fortune India Ranking
Financial Data 2024
Fortune India Coverage
Financial Data
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (INR Cr) | 18682 31.5% | 14206 10.5% | 12858 44.7% | 8888 -3.0% | 9160 12.3% | 8157 20.5% | 6769 16.8% | 5795 9.5% | 5294 9.6% | 4832 20.0% | 4026 8.2% | 3719 -1.5% | 3776 2.4% | 3688 40.1% | 2633 15.8% | 2274 - |
| Net Operating Income (INR Cr) | 18039 27.87% | 14108 15.60% | 12204 38.80% | 8792 -0.43% | 8830 10.57% | 7986 17.95% | 6770 23.09% | 5500 5.72% | 5202 10.51% | 4707 18.10% | 3986 0.00% | 3719 -1.49% | 3776 18.85% | 3177 26.49% | 2511 11.75% | 2247 5.49% |
| Profit (INR Cr) | 1784 40.4% | 1271 39.9% | 909 3.0% | 882 16.2% | 759 51.9% | 500 39.6% | 358 53.9% | 233 25.9% | 185 12.5% | 164 84.0% | 89 16.1% | 77 131.3% | 33 -52.6% | 70 -38.4% | 114 75.8% | 65 - |
| Assets (INR Cr) | 8561 25.1% | 6845 19.4% | 5734 12.1% | 5115 25.3% | 4081 28.8% | 3170 -0.3% | 3180 10.4% | 2881 10.9% | 2599 19.1% | 2182 12.2% | 1944 5.8% | 1838 1.0% | 1820 -18.3% | 2229 12.2% | 1988 92.3% | 1034 - |
| Net Worth (INR Cr) | 8187 23.4% | 6637 19.7% | 5544 16.6% | 4754 23.9% | 3836 34.8% | 2847 21.3% | 2348 17.8% | 1994 11.8% | 1783 9.4% | 1630 10.0% | 1483 0.0% | 1294 22.6% | 1055 11.2% | 949 7.1% | 886 60.6% | 552 11.7% |
| Employee Cost (INR Cr) | 610 33.5% | 457 12.3% | 407 15.0% | 354 -3.3% | 366 21.8% | 300 15.8% | 259 13.2% | 229 11.2% | 206 27.3% | 162 23.4% | 131 - | 0 - | 0 - | 41 59.3% | 26 69.4% | 15 - |
| Interest Cost (INR Cr) | 108 | 60 | 35 | 43 | 50 | 117 | 94 | 66 | 147 | 108 | 94 | 121 | 123 | 108 | 73 | 74 |
| Cash & Bank Balance (INR Cr) | 402 | 695 | 407 | 531 | 281 | 317 | 11 | 30 | 51 | 27 | 50 | 34 | 21 | 24 | 28 | 25 |
| Total Debt (INR Cr) | 161 | 109 | 118 | 283 | 157 | 272 | 800 | 856 | 796 | 546 | 458 | 544 | 766 | 1281 | 1102 | 482 |
Key Financial Ratios
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profit As % Of Revenues | 9.6% | 9.0% | 7.1% | 9.9% | 8.3% | 6.1% | 5.3% | 4.0% | 3.5% | 3.4% | 2.2% | 2.1% | 0.9% | 1.9% | 4.3% | 2.9% |
| Profit As % Of Assets | 20.8% | 18.6% | 15.9% | 17.3% | 18.6% | 15.8% | 11.3% | 8.1% | 7.1% | 7.5% | 4.6% | 4.2% | 1.8% | 3.2% | 5.7% | 6.3% |
| Profit As % Of Networth | 21.8% | 19.2% | 16.4% | 18.6% | 19.8% | 17.6% | 15.3% | 11.7% | 10.4% | 10.1% | 6.0% | 5.9% | 3.2% | 7.4% | 12.9% | 11.7% |
| Interest Cost to EBITDA % | 4.4% | 3.2% | 2.8% | 3.8% | 4.4% | 12.3% | 12.9% | 13.8% | 30.0% | 24.6% | 31.4% | 49.6% | 62.7% | 54.4% | 32.4% | 42.6% |
| Debt to Equity Ratio | 0.02 | 0.02 | 0.02 | 0.06 | 0.04 | 0.10 | 0.34 | 0.43 | 0.45 | 0.33 | 0.31 | 0.42 | 0.73 | 1.35 | 1.24 | 0.87 |
| RONW | 24.3% | 21.1% | 17.8% | 20.6% | 22.9% | 19.3% | 16.5% | 12.3% | 10.8% | 10.6% | 6.0% | 6.6% | 3.3% | 7.7% | 15.9% | 12.4% |
| ROCE | 32.2% | 28.2% | 22.6% | 24.0% | 29.3% | 27.6% | 21.8% | 15.6% | 17.3% | 16.9% | 12.2% | 10.8% | 7.7% | 10.2% | 16.4% | 16.9% |