| Revenue growth | FY26 revenue up 29% YoY, crossing ₹285 billion milestone. |
|---|---|
| Margins | Q4 margins at 13.1% impacted by unfavorable segment and institutional mix. |
| Order book | Healthy international order book despite temporary Middle East shipping disruptions. |
| Demand visibility | Strong domestic demand in power, renewables, and real estate sectors. |
| Management confidence | Highly confident, focused on market share and long-term Project Spring goals. |
Growth
FY26 revenue grew 29% YoY; Q4 volumes saw low single-digit growth due to external headwinds.
Outlook
Project Spring targets ₹60-80 billion capex and 30% dividend payout by FY30.
Risks
Middle East escalation impacting exports; volatile commodity prices; institutional sales mix compressing near-term margins.
Earnings Call filed with BSE, NSE: POLYCAB. Summary written with AI assistance from the document.
Polycab India Ltd: key numbers
- Share price
- ₹8,114.00
- Market cap
- ₹1,22,286 Cr
- Revenue (annual)
- ₹28,884 Cr
- Net profit (annual)
- ₹2,672 Cr
- P/E (TTM)
- 38.8×Sector 44.3×
- Promoter holding
- 61.44%-0.02% QoQ
- FII holding
- 18.06%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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