Polycab IndiaNSE:POLYCAB -0.81%96 Pretax Margin % is 11.84% as of Mar. 2026, which is 1% above its 10-year median of 11.77. GuruFocus rates NSE:POLYCAB with a GF Score™ of 96/100 and a GF Value™ of ₹9,486.46 (Fairly Valued). The stock has 6 warning signs investors should review. Among 3,032 Industrial Products companies, Polycab India ranks better than 75.23% on this metric.
Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Polycab India's Pre-Tax Income for the
three
months ended in Mar. 2026 was ₹10,493 Mil. Polycab India's Revenue for the
three
months ended in Mar. 2026 was ₹88,645 Mil. Therefore, Polycab India's pretax margin for the quarter that ended in Mar. 2026 was 11.84%.
The historical rank and industry rank for Polycab India's Pretax Margin % or its related term are showing as below:
NSE:POLYCAB'
s Pretax Margin % Range Over the Past 10 Years
Min: 6.7 Med: 11.77 Max: 13.28
Current: 12.58
NSE:POLYCAB's Pretax Margin % is ranked better than 75.23% of 3032
companies
in the Industrial Products industry
Industry Median: 5.83
vs NSE:POLYCAB: 12.58
Polycab India (NSE:POLYCAB) Pretax Margin % Explanation
The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.
The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.
It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.
The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.
Polycab India Pretax Margin % Related Terms
Polycab India Pretax Margin % Historical Data
* Premium members only.
The historical data trend for Polycab India's Pretax 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.
NSE:POLYCAB vs VRT, BE: Pretax Margin % Comparison
For the Electrical Equipment & Parts subindustry, Polycab India's Pretax Margin %, along with its competitors' market caps and Pretax 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 Pretax Margin % vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Polycab India's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Polycab India's Pretax 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 (NSE:POLYCAB) has a Pretax Margin % of 11.84% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Polycab India and its competitors. This is near median its historical median of 11.77. Over the past decade, Polycab India's Pretax Margin % has ranged from 6.70 to 13.28. According to the industry distribution chart, Polycab India ranks #751 out of 3032 companies in the Industrial Products industry, placing it in the top 24.8%.
Is Polycab India's Pretax Margin % too high?
Polycab India's current Pretax Margin % of 11.84% is near median its 10-year median of 11.77. Over the past 10 years, this metric has ranged from a low of 6.70 to a high of 13.28. The Industrial Products industry median Pretax Margin % is 5.83. Polycab India's value of 11.84% is 103.1% above this industry median. Based on the distribution chart, Polycab India ranks #751 out of 3032 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Polycab India has a GF Score™ of 96/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Polycab India's Pretax Margin % compare to VRT and BE?
According to the Industrial Products industry distribution chart, Polycab India ranks #751 out of 3032 companies for Pretax Margin %. This places Polycab India in the top 25% of its industry — outperforming the majority of peers. The industry median Pretax Margin % is 5.83. Polycab India's value of 11.84% is 103.1% above this benchmark. Historically, Polycab India's own Pretax Margin % has ranged from 6.70 to 13.28 over the past decade. While the company's 10-year median is 11.77 vs. the industry median of 5.83, 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 Pretax Margin % for an Industrial Products company?
The median Pretax Margin % among Industrial Products companies is 5.83, based on 3,032 companies in the industry. Companies in the top quartile (top 25%) have a Pretax Margin % significantly above this median, while those in the bottom quartile fall well below. However, Pretax Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Polycab India's current Pretax Margin % of 11.84% is 103.1% 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 Pretax Margin % mean?
A high Pretax Margin % can signal that a stock is expensive relative to its fundamentals. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Polycab India and its competitors. For the Industrial Products industry, the median Pretax Margin % is 5.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Polycab India's current Pretax Margin % is 11.84%, which is near median its own 10-year median of 11.77. 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 ₹9,486.46, compared to a current price of ₹9,635.00 — trading 1.6% above its estimated fair value. The current Pretax Margin % is 11.84%, which is near median its 10-year median of 11.77 and 103.1% above the Industrial Products industry median of 5.83. Polycab India's overall GF Score™ is 96/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Pretax Margin % calculated?
Pretax Margin % is calculated from a company's financial statements. For Polycab India (NSE:POLYCAB), the current Pretax Margin % is 11.84% 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 overvalued.
The current stock price of ₹9,635.00 is trading 1.6% above its estimated GF Value™ of ₹9,486.46.
GuruFocus considers Polycab India to be Fairly Valued.
Key valuation signals for NSE:POLYCAB:
Pretax Margin %: 11.84% (near median its 10-year median of 11.77)
GF Value™: ₹9,486.46 vs. price of ₹9,635.00 (1.6% above fair value)
Industry Position: 103.1% above the Industrial Products median (#751 of 3032)
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 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.
96GF Score
Get the complete analysis for NSE:POLYCAB
Pretax Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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