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Polycab India Overview
About Polycab India
Polycab India Ltd is engaged in the business of manufacturing and selling wires and cables and fast moving electrical goods under the POLYCAB brand. The business activities are carried out through Wires and cables, Fast moving electrical goods (FMEG), and the EPC segment. It generates maximum revenue from the Wires and cables segment. Geographically, it derives a majority of revenue from India. Some of its products include Power cables, Control Cables, Instrumentation Cables, Optical Fibre Cables (OFC), Solar Cables, Building Cables, Flexible Wires, and others.
Founded
1996
HQ
Employees
5.3K
Website
Financials (LTM)
EV
$14B
Polycab India Financials
Polycab India reported last 12-month revenue of $3B and EBITDA of $430M.
In the same LTM period, Polycab India generated $864M in gross profit, $430M in EBITDA, and $292M in net income.
Revenue (LTM)
Polycab India P&L
In the most recent fiscal year, Polycab India reported revenue of $3B and EBITDA of $351M.
Polycab India expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $3B | XXX | $3B | XXX | XXX | XXX |
| Gross Profit | $864M | XXX | $511M | XXX | XXX | XXX |
| Gross Margin | 28% | XXX | 19% | XXX | XXX | XXX |
| EBITDA | $430M | XXX | $351M | XXX | XXX | XXX |
| EBITDA Margin | 14% | XXX | 13% | XXX | XXX | XXX |
| EBIT Margin | 13% | XXX | 12% | XXX | XXX | XXX |
| Net Profit | $292M | XXX | $239M | XXX | XXX | XXX |
| Net Margin | 9% | XXX | 9% | XXX | XXX | XXX |
| Net Debt | — | — | $131M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Polycab India Stock Performance
Polycab India has current market cap of $14B, and enterprise value of $14B.
Market Cap Evolution
Polycab India's stock price is $92.65.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $14B | $14B | 0.4% | XXX | XXX | XXX | $1.59 |
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Start Free TrialPolycab India Valuation Multiples
Polycab India trades at 4.5x EV/Revenue multiple, and 32.5x EV/EBITDA.
EV / Revenue (LTM)
Polycab India Financial Valuation Multiples
As of March 7, 2026, Polycab India has market cap of $14B and EV of $14B.
Equity research analysts estimate Polycab India's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Polycab India has a P/E ratio of 47.8x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $14B | XXX | $14B | XXX | XXX | XXX |
| EV (current) | $14B | XXX | $14B | XXX | XXX | XXX |
| EV/Revenue | 4.5x | XXX | 5.2x | XXX | XXX | XXX |
| EV/EBITDA | 32.5x | XXX | 39.9x | XXX | XXX | XXX |
| EV/EBIT | 35.5x | XXX | 43.9x | XXX | XXX | XXX |
| EV/Gross Profit | 16.2x | XXX | 27.4x | XXX | XXX | XXX |
| P/E | 47.8x | XXX | 58.3x | XXX | XXX | XXX |
| EV/FCF | 161.6x | XXX | 148.6x | XXX | XXX | XXX |
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Verified Polycab India Valuation Multiples
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Polycab India Margins & Growth Rates
Polycab India's revenue in the last 12 month grew by 19%.
Polycab India's revenue per employee in the last FY averaged $0.6M.
Polycab India's rule of 40 is 33% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Polycab India's rule of X is 62% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Polycab India Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 19% | XXX | 17% | XXX | XXX | XXX |
| EBITDA Margin | 14% | XXX | 13% | XXX | XXX | XXX |
| EBITDA Growth | 18% | XXX | 24% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 33% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 62% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.6M | XXX | XXX | XXX |
| S&M Expenses to Revenue | — | XXX | 2% | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 1% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 8% | XXX | XXX | XXX |
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Polycab India Public Comps
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Polycab India M&A Activity
Polycab India acquired XXX companies to date.
Last acquisition by Polycab India was on XXXXXXXX, XXXXX. Polycab India acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Polycab India
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialPolycab India Investment Activity
Polycab India invested in XXX companies to date.
Polycab India made its latest investment on XXXXXXXX, XXXXX. Polycab India invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Polycab India
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Polycab India
| When was Polycab India founded? | Polycab India was founded in 1996. |
| Where is Polycab India headquartered? | Polycab India is headquartered in India. |
| How many employees does Polycab India have? | As of today, Polycab India has over 5K employees. |
| Who is the CEO of Polycab India? | Polycab India's CEO is Gandharv Tongia. |
| Is Polycab India publicly listed? | Yes, Polycab India is a public company listed on National Stock Exchange of India. |
| What is the stock symbol of Polycab India? | Polycab India trades under POLYCAB ticker. |
| When did Polycab India go public? | Polycab India went public in 2019. |
| Who are competitors of Polycab India? | Polycab India main competitors are TCL, ABB India, Wistron, Roku. |
| What is the current market cap of Polycab India? | Polycab India's current market cap is $14B. |
| What is the current revenue of Polycab India? | Polycab India's last 12 months revenue is $3B. |
| What is the current revenue growth of Polycab India? | Polycab India revenue growth (NTM/LTM) is 19%. |
| What is the current EV/Revenue multiple of Polycab India? | Current revenue multiple of Polycab India is 4.5x. |
| Is Polycab India profitable? | Yes, Polycab India is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Polycab India? | Polycab India's last 12 months EBITDA is $430M. |
| What is Polycab India's EBITDA margin? | Polycab India's last 12 months EBITDA margin is 14%. |
| What is the current EV/EBITDA multiple of Polycab India? | Current EBITDA multiple of Polycab India is 32.5x. |
| What is the current FCF of Polycab India? | Polycab India's last 12 months FCF is $87M. |
| What is Polycab India's FCF margin? | Polycab India's last 12 months FCF margin is 3%. |
| What is the current EV/FCF multiple of Polycab India? | Current FCF multiple of Polycab India is 161.6x. |
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