Polycab India (NSE:POLYCAB) Inventory Turnover: 1.17 (As of Mar. 2026)

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NSE:POLYCAB Polycab India Ltd NSE:POLYCAB
97 GF Score
Price ₹9,324.50
GF Value ₹9,567.87
Valuation Fairly Valued
! 6 Warning Signs
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What is Polycab India Inventory Turnover?

Polycab India NSE:POLYCAB -2.18% 97 Inventory Turnover is 1.17 as of Mar. 2026. GuruFocus rates NSE:POLYCAB with a GF Score™ of 97/100 and a GF Value™ of ₹9,567.87 (Fairly Valued). The stock has 6 warning signs investors should review.

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Polycab India's Cost of Goods Sold for the three months ended in Mar. 2026 was ₹67,867 Mil. Polycab India's Average Total Inventories for the quarter that ended in Mar. 2026 was ₹57,837 Mil. Polycab India's Inventory Turnover for the quarter that ended in Mar. 2026 was 1.17.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Polycab India's Days Inventory for the three months ended in Mar. 2026 was 77.76.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Polycab India's Inventory-to-Revenue for the quarter that ended in Mar. 2026 was 0.65.

Polycab India  (NSE:POLYCAB) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Polycab India's Days Inventory for the three months ended in Mar. 2026 is calculated as:

Days Inventory =Average Total Inventories (Q: Mar. 2026 )/Cost of Goods Sold (Q: Mar. 2026 )*Days in Period
=57836.985/67867.49*365 / 4
=77.76

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Polycab India's Inventory to Revenue for the quarter that ended in Mar. 2026 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Mar. 2026 ) / Revenue (Q: Mar. 2026 )
=57836.985 / 88644.77
=0.65

* 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.

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Polycab India Inventory Turnover Related Terms

Polycab India Inventory Turnover Historical Data

* Premium members only.

The historical data trend for Polycab India's Inventory Turnover 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 Inventory Turnover Chart

Polycab India Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.66 4.20 4.15 4.73 4.81

Polycab India Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Inventory Turnover 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 1.42 1.18 0.87 1.03 1.17
NSE:POLYCAB
97GF Score
Polycab India Ltd NSE:POLYCAB
Inventory Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
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Polycab India Inventory Turnover Calculation

Polycab India's Inventory Turnover for the fiscal year that ended in Mar. 2026 is calculated as

Inventory Turnover (A: Mar. 2026 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Mar. 2026 ) / ((Total Inventories (A: Mar. 2025 ) + Total Inventories (A: Mar. 2026 )) / count )
=221601.73 / ((36613 + 55595.98) / 2 )
=221601.73 / 46104.49
=4.81

Polycab India's Inventory Turnover for the quarter that ended in Mar. 2026 is calculated as

Inventory Turnover (Q: Mar. 2026 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Mar. 2026 ) / ((Total Inventories (Q: Dec. 2025 ) + Total Inventories (Q: Mar. 2026 )) / count )
=67867.49 / ((60077.99 + 55595.98) / 2 )
=67867.49 / 57836.985
=1.17

* 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.

Frequently Asked Questions Learn more about Inventory Turnover →
What does a Inventory Turnover of 1.17 mean?
Polycab India (NSE:POLYCAB) has a Inventory Turnover of 1.17 as of Mar. 2026. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Polycab India and its competitors.
Is Polycab India's Inventory Turnover too high?
Polycab India's current Inventory Turnover is 1.17. Overall, Polycab India has a GF Score™ of 97/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Polycab India's Inventory Turnover compare to VRT and BE?
Polycab India's Inventory Turnover of 1.17 can be compared against companies in the Industrial Products industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Inventory Turnover for an Industrial Products company?
A good Inventory Turnover depends on the Industrial Products industry context. However, Inventory Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Inventory Turnover mean?
A high Inventory Turnover can signal that a stock is expensive relative to its fundamentals. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Polycab India and its competitors. Polycab India's current Inventory Turnover is 1.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Polycab India stock overvalued right now?
Based on GuruFocus' analysis, Polycab India (NSE:POLYCAB) is currently considered Fairly Valued. The stock's GF Value™ is ₹9,567.87, compared to a current price of ₹9,324.50 — trading 2.5% below its estimated fair value. The current Inventory Turnover is 1.17. Polycab India's overall GF Score™ is 97/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Inventory Turnover calculated?
Inventory Turnover is calculated from a company's financial statements. For Polycab India (NSE:POLYCAB), the current Inventory Turnover is 1.17 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

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

Based on GuruFocus' analysis, Polycab India stock appears to be undervalued. The current stock price of ₹9,324.50 is trading 2.5% below its estimated GF Value™ of ₹9,567.87. GuruFocus considers Polycab India to be Fairly Valued.

Key valuation signals for NSE:POLYCAB:

  • Inventory Turnover: 1.17
  • GF Value™: ₹9,567.87 vs. price of ₹9,324.50 (2.5% below fair value)
  • GF Score™: 97/100 with 6 warning signs

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.
97GF Score

Get the complete analysis for NSE:POLYCAB

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

₹9,324.50
Price
₹9,567.87
GF Value