Polycab India Limited (POLYCAB.NS) stock analysis

In our weekly check, Polycab India Limited is graded B (A to F). Of 25 checks on debt, profit, cash flow and trend: 17 pass, warnings: 5, red flags: 3.

About Polycab India Limited

Polycab India Limited is an Industrials company (Electrical Equipment & Parts) based in India, listed on NSE as POLYCAB.NS.

What our checks show for POLYCAB.NS

Red flags

• Operating cash flow is negative while the company reports a profit: the profit does not arrive as cash.
• Free cash flow is negative (-9% of revenue): the business spends more cash than it brings in.
• Pay in shares equals 0% of free cash flow: it dilutes shareholders.

Warning signs

• The gross margin fell by 2 points, to 20.2%: costs are rising faster than prices.
• Analysts expect the net margin to shrink by 0.2 points from today's 9.1%.
• The net margin is only 9.1%: little room if costs rise.
• The stock has fallen as much as 50% from a peak. Would you have held through that?
• Thinly traded (about 391 thousand shares a day): buying and selling can move the price.

Strengths

• Operating profit covers interest 13.5 times over.
• The net margin rose by 1.7 points over 5 years, to 9.1%.
• Analysts expect earnings per share to grow about 15.9% a year over the next years.
• Analysts expect revenue to grow about 16.4% a year over the next years.
• Revenue grew 34.8% a year over the last 3 years.
• Earnings per share grew 35.3% a year over the last 3 years.

Next earnings report: 2027-01-21

Similar companies

POWERINDIA.NS · CGPOWER.NS · 5333.T · 6506.T · GVT&D.NS · ENRIN.NS

Questions

What grade does Polycab India Limited (POLYCAB.NS) have?

In our weekly check, Polycab India Limited is graded B (A to F). Of 25 checks on debt, profit, cash flow and trend: 17 pass, warnings: 5, red flags: 3. The grade is a risk check, not a buy or sell recommendation.

What are the main risks of POLYCAB.NS stock?

This week's biggest flags for Polycab India Limited: Profits not backed by cash, Weak free cash flow, Heavy stock pay. In total 8 of 25 checks show a warning or a red flag.

What does Polycab India Limited do?

Polycab India Limited is an Industrials company (Electrical Equipment & Parts) based in India, listed on NSE as POLYCAB.NS.

When does Polycab India Limited report earnings next?

The next earnings report is expected on 2027-01-21. We re-run the checks every week, so the grade can change after it.

The grade is a risk check, not a price forecast, and not investment advice. In our 10-year test (S&P 500, 2016-2026), stocks we graded A or B fell more than 30% 2-3 times less often than D or F, without a lower average return.

Updated 2026-10-31

Open the full analysis