Polycab India (NSE:POLYCAB) Debt-to-Equity: N/A (As of Jun. 2026)

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NSE:POLYCAB Polycab India Ltd NSE:POLYCAB
99 GF Score
Price ₹9,088.00
GF Value ₹10,264.59
Valuation Modestly Undervalued
! 1 Warning Sign
View Full Analysis

What is Polycab India Debt-to-Equity?

Polycab India's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was ₹0 Mil. Polycab India's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was ₹0 Mil. Polycab India's Total Stockholders Equity for the quarter that ended in Jun. 2026 was ₹0 Mil.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Polycab India's Debt-to-Equity or its related term are showing as below:

NSE:POLYCAB' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02   Med: 0.08   Max: 0.43
Current: 0.38

During the past 11 years, the highest Debt-to-Equity Ratio of Polycab India was 0.43. The lowest was 0.02. And the median was 0.08.

NSE:POLYCAB's Debt-to-Equity is ranked worse than
58.52% of 2688 companies
in the Industrial Products industry
Industry Median: 0.29 vs NSE:POLYCAB: 0.38

Polycab India  (NSE:POLYCAB) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Polycab India Debt-to-Equity Related Terms

Polycab India Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for Polycab India's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Polycab India Debt-to-Equity Chart

Polycab India Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.02 0.20 0.25 0.15 0.38

Polycab India Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only N/A 0.30 0.34 0.38 N/A

NSE:POLYCAB vs VRT, BE: Debt-to-Equity Comparison

For the Electrical Equipment & Parts subindustry, Polycab India's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Polycab India Debt-to-Equity vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Polycab India's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Polycab India's Debt-to-Equity falls into.


NSE:POLYCAB
99GF Score
Polycab India Ltd NSE:POLYCAB
Debt-to-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Polycab India Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Polycab India's Debt to Equity Ratio for the fiscal year that ended in Mar. 2026 is calculated as

Debt to Equity=Total Debt / Total Stockholders Equity
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Stockholders Equity
=(43814.97 + 1196.39) / 120085.76
=0.37

Polycab India's Debt to Equity Ratio for the quarter that ended in Jun. 2026 is calculated as

Debt to Equity=Total Debt / Total Stockholders Equity
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Stockholders Equity
=(0 + 0) / 0
=N/A

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Is Polycab India (NSE:POLYCAB) Overvalued in 2026?

Based on GuruFocus' analysis, Polycab India stock appears to be undervalued. The current stock price of ₹9,088.00 is trading 11.5% below its estimated GF Value™ of ₹10,264.59. GuruFocus considers Polycab India to be Modestly Undervalued.

Key valuation signals for NSE:POLYCAB:

  • Debt-to-Equity: N/A
  • GF Value™: ₹10,264.59 vs. price of ₹9,088.00 (11.5% below fair value)
  • GF Score™: 99/100 with 1 warning sign

No single metric tells the full story. See the NSE:POLYCAB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Polycab India Business Description

Other Exchanges 542652:India
Address No. 29, Tulsi Pipe Road, The Ruby, 21st Floor, Senapati Bapat Marg, Dadar (West), Mumbai, MH, IND, 400028
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, and also has its presence Overseas. Some of its products include Power cables, Control Cables, Instrumentation Cables, Optical Fibre Cables (OFC), Solar Cables, Building Cables, Flexible Wires, and others.
99GF Score

Get the complete analysis for NSE:POLYCAB

Debt-to-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹9,088.00
Price
₹10,264.59
GF Value