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Polycab IndiaBOM:542652 -0.34%97 Net Margin % is 9.55% as of Jun. 2026, which is 7% above its 10-year median of 8.96. GuruFocus rates BOM:542652 with a GF Score™ of 97/100 and a GF Value™ of ₹10,077.34 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 3,035 Industrial Products companies, Polycab India ranks better than 72.16% on this metric.
Net margin is calculated as Net Income divided by its Revenue. Polycab India's Net Income for the
three
months ended in Jun. 2026 was ₹7,843 Mil. Polycab India's Revenue for the
three
months ended in Jun. 2026 was ₹82,097 Mil. Therefore, Polycab India's net margin for the quarter that ended in Jun. 2026 was 9.55%.
The historical rank and industry rank for Polycab India's Net Margin % or its related term are showing as below:
BOM:542652'
s Net Margin % Range Over the Past 10 Years
Min: 4.32 Med: 8.96 Max: 10.29
Current: 9.23
BOM:542652's Net Margin % is ranked better than 72.16% of 3035
companies
in the Industrial Products industry
Industry Median: 4.53
vs BOM:542652: 9.23
Polycab India (BOM:542652) Net Margin % Explanation
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.
Polycab India Net Margin % Related Terms
Polycab India Net Margin % Historical Data
* Premium members only.
The historical data trend for Polycab India's Net Margin % 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.
For the Electrical Equipment & Parts subindustry, Polycab India's Net Margin %, along with its competitors' market caps and Net Margin % 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 Net Margin % vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Polycab India's Net Margin % distribution charts can be found below:
* The bar in red indicates where Polycab India's Net Margin % falls into.
* 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 (BOM:542652) has a Net Margin % of 9.55% as of Jun. 2026. Net margin is the ratio of total net income to net sales. View historical data on Polycab India and its competitors. This is near median its historical median of 8.96. Over the past decade, Polycab India's Net Margin % has ranged from 4.32 to 10.29. According to the industry distribution chart, Polycab India ranks #845 out of 3035 companies in the Industrial Products industry, placing it in the top 27.8%.
Is Polycab India's Net Margin % too high?
Polycab India's current Net Margin % of 9.55% is near median its 10-year median of 8.96. Over the past 10 years, this metric has ranged from a low of 4.32 to a high of 10.29. The Industrial Products industry median Net Margin % is 4.53. Polycab India's value of 9.55% is 110.8% above this industry median. Based on the distribution chart, Polycab India ranks #845 out of 3035 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Polycab India has a GF Score™ of 97/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Polycab India's Net Margin % compare to VRT and BE?
According to the Industrial Products industry distribution chart, Polycab India ranks #845 out of 3035 companies for Net Margin %. This puts Polycab India in the upper half of its industry. The industry median Net Margin % is 4.53. Polycab India's value of 9.55% is 110.8% above this benchmark. Historically, Polycab India's own Net Margin % has ranged from 4.32 to 10.29 over the past decade. While the company's 10-year median is 8.96 vs. the industry median of 4.53, Polycab India has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Margin % for an Industrial Products company?
The median Net Margin % among Industrial Products companies is 4.53, based on 3,035 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Polycab India's current Net Margin % of 9.55% is 110.8% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on Polycab India and its competitors. For the Industrial Products industry, the median Net Margin % is 4.53 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Polycab India's current Net Margin % is 9.55%, which is near median its own 10-year median of 8.96. 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 (BOM:542652) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹10,077.34, compared to a current price of ₹8,905.40 — trading 11.6% below its estimated fair value. The current Net Margin % is 9.55%, which is near median its 10-year median of 8.96 and 110.8% above the Industrial Products industry median of 4.53. Polycab India's overall GF Score™ is 97/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For Polycab India (BOM:542652), the current Net Margin % is 9.55% as of Jun. 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 (BOM:542652) Overvalued in 2026?
Based on GuruFocus' analysis, Polycab India stock appears to be undervalued.
The current stock price of ₹8,905.40 is trading 11.6% below its estimated GF Value™ of ₹10,077.34.
GuruFocus considers Polycab India to be Modestly Undervalued.
Key valuation signals for BOM:542652:
Net Margin %: 9.55% (near median its 10-year median of 8.96)
GF Value™: ₹10,077.34 vs. price of ₹8,905.40 (11.6% below fair value)
Industry Position: 110.8% above the Industrial Products median (#845 of 3035)
No single metric tells the full story. See the BOM:542652 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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 BOM:542652
Net Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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