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Earnings Call

Polycab India Earnings Call: Key Takeaways

Polycab delivered record FY26 revenue of ₹288,838 Mn, maintaining its #1 position in Wires & Cables with ~31% organized market share while scaling FMEG to a 25% 10-year CAGR.

Why this was an Alfa AlertNot a filter event. Performance is strong but management did not state results exceeded prior guidance by >5%.
Highlights
Revenue growthFY26 Total Revenue ₹288,838 Mn.
Margins7-year EBITDA CAGR at 23% outperforming revenue growth.
Demand visibilityStrong domestic demand from real estate, infrastructure, and renewables.
Management confidenceHigh, citing 'Project Leap' targets achieved ahead of time.

Growth

FY26 revenue reached ₹288.8 Bn. 7-year CAGR: Revenue 20%, EBITDA 23%, PAT 27%.

Outlook

Initiated 'Project Spring' transformation for next 5 years; targeting ₹9 Tn+ Power T&D investment opportunity.

Risks

Commodity price volatility and high competitive intensity in FMEG segments.

Source

Earnings Call filed with BSE, NSE: POLYCAB. Summary written with AI assistance from the document.

Read the document ↗

Polycab India Ltd: key numbers

Share price
₹8,408.50
Market cap
₹1,26,713 Cr
Revenue (annual)
₹28,884 Cr
Net profit (annual)
₹2,672 Cr
P/E (TTM)
44.2×Sector 45.9×
Promoter holding
61.46%-0.04% QoQ
FII holding
19.00%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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Employee Stock Options

Polycab India Employee Stock Options

Polycab India Limited has allotted 4,885 equity shares to eligible employees upon the exercise of options under its Employee Stock Option Scheme 2018.