Polycab India cash flow

Latest FY26

Cash from operations: ₹3,811cr+110.7% on FY25
Capital spending: ₹1,481cr+52.7% on FY25
Free cash flow: ₹2,330cr+177.8% on FY25
Cash from financing: −₹799cr−₹628 cr in FY25

₹ crore except per share

Tap a line for its trend	Last 12Mto Sep 2026	FY26Mar 2026	FY25Mar 2025	FY24Mar 2024	FY23Mar 2023	FY22 and earlierAlpha Plus

Changes in working capital
Adjustments to reconcile profit — non-cash items						FY22 and earlierEvery year the company has filed comes with Alpha Plus.
	—	386	303	245	209
	—	94.8	22.0	31.4	−3.1
	—	243	169	108	59.8
	—	−72.7	−32.9	−33.1	−29.5
	—	−13.0	−4.4	14.6	−3.0
	—	30.5	68.7	56.4	10.8
	—	−20.4	−33.6	4.6	18.0
	—	−6.1	−21.7	−18.6	0.4
	—	−112	−119	−88.3	−75.2
	—	925	0.0	0.0	0.0
	—	−1,898	13.8	−724	−752
	—	−1,376	−736	−889	85.0
	—	−134	−65.8	−52.6	12.0
	—	−377	295	−98.5	−223
	—	0.0	−103	814	798
	—	3,328	0.0	0.0	0.0
	—	−1.4	−9.3	98.0	19.5
	—	0.0	−8.6	31.8	−45.6
	—	83.4	3.5	10.8	0.0
Cash from operating activities
	4,256	3,613	2,701	2,359	1,717
	—	1,081	−259	−489	81.4
	—	4,694	2,442	1,871	1,798
	—	883	633	574	370
	—	3,811	1,809	1,296	1,428
Cash from investing activities
	—	1,480	970	853	477
	—	0.2	0.1	5.6	2.0
	—	9.9	14.1	0.5	21.0
	—	9.3	2.7	0.0	0.0
	—	0.0	0.5	0.3	0.0
	—	0.0	0.0	0.0	2.3
	—	64.6	22.4	44.7	20.0
	—	−1,434	−303	61.6	−767
	—	−2,850	−1,239	−752	−1,203
Cash from financing activities
	—	5.3	7.3	19.4	12.8
	—	22.5	0.0	23.2	0.0
	—	10.1	−49.8	3.7	−33.2
	—	32.7	65.8	24.8	0.0
	—	—	—	0.0	16.0
	—	237	168	102	47.6
	—	547	451	300	209
	—	−799	−628	−387	−227
	—	162	−59.1	157	−2.2
	—	162	−59.1	157	−2.2
	—	—	—	276	119
Reference items
	4,686	4,006	2,960	2,492	1,852
	13.5%	13.9%	13.2%	13.8%	13.1%
	2,330	2,330	839	438	948
	—	2,117	690	271	—
	₹154.77	₹154.77	₹55.72	₹29.07	₹62.97
	47.81×	—	—	—	—
	—	1.41×	0.88×	0.72×	1.11×
	—	883	633	574	370
	—	237	168	102	47.6

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From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.

alphave

POLYCAB₹7,400.00

Polycab India Ltd.

· Capital Goods & Defence

₹ CrorePeersKEI RRKABEL HAVELLS GVT&D POWERINDIA APLAPOLLO SUPREMEIND WAAREEENERMcap ₹1.11L Cr

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In ₹ Crore except Per Share 12 Months Ending	FY23 31/03/2023	FY24 31/03/2024	FY25 31/03/2025	FY26 31/03/2026	Last 12M 30/09/2026
Adjustments to Reconcile Profit — Non-cash Items
+ Depreciation & Amortisation	209.2	245.0	302.7	385.9	—
+ Impairment Loss / (Reversal)	-3.1	31.4	22.0	94.8	—
+ Finance Costs	59.8	108.3	168.9	243.0	—
+ Interest Income	-29.5	-33.1	-32.9	-72.7	—
+ Fair Value (Gains) / Losses	-3.0	14.6	-4.4	-13.0	—
+ Share-based Payments	10.8	56.4	68.7	30.5	—
+ Unrealised FX (Gain) / Loss	18.0	4.6	-33.6	-20.4	—
+ Other Non-cash Items	0.4	-18.6	-21.7	-6.1	—
+ Other — Cash Effects are Investing / Financing	-75.2	-88.3	-119.0	-112.0	—
+ Other Reconciling Items	0.0	0.0	0.0	925.2	—
Changes in Working Capital
+ Inventories	-751.7	-723.7	13.8	-1,898.3	—
+ Trade Receivables — Current	85.0	-888.6	-736.1	-1,375.9	—
+ Other Financial Assets — Current	12.0	-52.6	-65.8	-133.6	—
+ Other Current Assets	-222.9	-98.5	295.1	-376.5	—
+ Trade Payables — Current	798.0	813.9	-102.6	0.0	—
+ Trade Payables — Non-current	0.0	0.0	0.0	3,327.8	—
+ Other Financial Liabilities — Current	19.5	98.0	-9.3	-1.4	—
+ Other Current Liabilities	-45.6	31.8	-8.6	0.0	—
+ Provisions — Current	0.0	10.8	3.5	83.4	—
Cash from Operating Activities
Profit Before Tax (per I/S)	1,716.5	2,359.3	2,700.8	3,613.1	4,255.9
+ Total Adjustments (incl. Working Capital)	81.4	-488.7	-259.2	1,080.6	—
Cash from Operations (pre-tax)	1,797.9	1,870.6	2,441.7	4,693.6	—
+ Income Taxes Paid	370.4	574.3	633.1	883.0	—
Cash from Operating Activities	1,427.5	1,296.2	1,808.5	3,810.7	—
Cash from Investing Activities
+ Acq of Fixed Assets (Capex)	477.4	853.0	969.6	1,480.3	—
+ Acq of Intangible Assets	2.0	5.6	0.1	0.2	—
+ Disp of Fixed Assets	21.0	0.5	14.1	9.9	—
+ Acq of Investment Property	0.0	0.0	2.7	9.3	—
+ Loans & Advances Made	0.0	0.3	0.5	0.0	—
+ Loans & Advances Repaid	2.3	0.0	0.0	0.0	—
+ Interest Received — Investing	20.0	44.7	22.4	64.6	—
+ Other Inflows / (Outflows) — Investing	-766.5	61.6	-302.9	-1,434.3	—
Cash from Investing Activities	-1,202.6	-751.9	-1,239.3	-2,849.7	—
Cash from Financing Activities
+ Proceeds from Exercise of Stock Options	12.8	19.4	7.3	5.3	—
+ Proceeds from Borrowings	0.0	23.2	0.0	22.5	—
+ Repayment of Borrowings	-33.2	3.7	-49.8	10.1	—
+ Payment of Lease Liabilities	0.0	24.8	65.8	32.7	—
+ Payment of Finance Lease Liabilities	16.0	0.0	—	—	—
+ Interest Paid	47.6	101.7	168.5	236.8	—
+ Dividends Paid	209.4	299.7	451.1	547.3	—
Cash from Financing Activities	-227.1	-387.4	-628.3	-799.0	—
Net Changes in Cash (pre-FX)	-2.2	157.0	-59.1	161.9	—
Net Changes in Cash	-2.2	157.0	-59.1	161.9	—
Closing Cash	119.5	276.4	—	—	—
Reference Items
EBITDA	1,852.1	2,491.8	2,960.2	4,005.7	4,686.1
EBITDA Margin %	13.13	13.81	13.21	13.87	13.54
Free Cash Flow (CFO − Capex)	948.1	437.7	838.8	2,330.2	2,330.2
Free Cash Flow to Equity	—	270.7	689.5	2,116.9	—
Free Cash Flow per Basic Share	62.97	29.07	55.72	154.77	154.77
Price to Free Cash Flow	—	—	—	—	47.81
Cash Flow to Net Income	1.11	0.72	0.88	1.41	—
Cash Paid for Taxes	370.4	574.3	633.1	883.0	—
Cash Paid for Interest	47.6	101.7	168.5	236.8	—

As filed, sign as filed: a payment tagged as a positive magnitude in the filing stays positive here, so read the label, not the sign. A line appears only when the company tagged that concept in at least one period shown — depth follows the filer, so a thin statement means a thin filing. Total Adjustments is the filer's own grand total of the reconciliation and spans BOTH the non-cash items and the working-capital block; Profit Before Tax plus it equals Cash from Operations (pre-tax). It can be reported when its components are not, so it is never a sum of the rows above it. No consensus estimates → no Est columns. Click any row to chart it.

« ‹ › »Latest: FY26 · ConsolidatedFA Financial Analysis · alphave

Data & compliance. Descriptive financial information from official NSE/BSE filings — for information and education only, not investment advice, a recommendation, or a valuation. Standalone = parent entity; consolidated includes subsidiaries. Historical multiples pair each fiscal year's filed figures with that FY-end market close; the Current column uses the last close with the latest filed annuals. Figures are cross-verified via accounting identities and NSE×BSE agreement — XBRL cross-verified ✓ 95%.