For nearly three decades, Polycab India Limited has been a name synonymous with excellence and innovation in the electrical solutions sector. As we turn the page to a bold new era, we are driven by a clear vision to transform ourselves and the conviction to consistently outperform expectations.
The development of robust R&D and manufacturing capacities over the years has equipped us to meet the demands of an expanding and ascending India. This positions us to consistently exceed expectations while serving our nation's needs.
We have redefined our purpose to align with our ambitions. This, along with our core values, guide our strategies and strengthen our capacity to create value for our stakeholders.
We are committed in our resolution to ensure that we remain agile and future-ready, poised to deliver innovative solutions that meet tomorrow’s needs today.
Amidst a robust demand landscape, we sustained and improved our growth momentum, solidifying our leadership position. More significantly, we placed strategic bets on India’s growth story and outperformed the industry
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At Polycab, nation-building means more than infrastructure development; it extends to empowering communities, enabling progress, and enhancing the lives of millions across India. Over the year, we have contributed to critical development projects across the nation, furthering the goals of connectivity, sustainability, and growth
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Since the inception of Project LEAP three years back, we have experienced tremendous growth, supported by our consistent track record of execution. Our next wave of value creation will focus on strengthening our leadership position in W&C and growing our FMEG segment
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"Our journey this year has truly embodied the essence of ‘Vision to Transform, Conviction to Outperform’, as we've not only met but surpassed expectations, reaffirming Polycab’s status as a leader in the electrical industry"
Chairman & Managing Director
Polycab plans to maintain capex levels between `10-11 billion annually over the next three years, enabling it to not only meet current demand but also positioning the Company for sustained growth and market leadership in the future
Executive Director and CFO
Polycab is India's largest integrated manufacturer of Wires and Cables and a prominent player in the Fast-Moving Electrical Goods industry
W&C Revenue
SKUs
FMEG Revenue
SKUs
EPC Revenue
Value Creation at POLYCAB
Financial CapitalEquity
Net cash
Manufactured CapitalManufacturing
units
Warehouses
and depots
Capex
Gross block of
fixed assets
Intellectual CapitalTotal R&D expenditure
Total registered IPR
Human CapitalPeople employed
on-roll
People employed
on contract
Total training
hours
Social and Relationship Capital
CSR expenditure
Dealers and distributors
Retail outlets
Natural CapitalTotal energy consumption
Total water consumption
Financial CapitalRevenue
(28% YoY)
EBITDA
(35% YoY)
RoCE
PAT
(41% YoY)
Proposed
Dividend
Manufactured CapitalSales from C&W products manufactured in-house
Capacity utilisation of installed capacity
Intellectual CapitalIPR registered in FY 2023-24
IPR applied in FY 2023-24
Human CapitalEmployees associated for 5+ years
Engagement Score in Survey
LTIFR
Social and Relationship Capital
Lives impacted
Customer satisfaction
Material sourced from MSME vendors
Natural CapitalEmissions avoided due to renewable energy
Water recycled
Creating Value For
Amid a robust demand environment, our business has maintained a strong growth momentum, culminating in the highest-ever revenue and Profit After Tax (PAT) in our history. This represents the strength of our execution capabilities, amplified by our formidable market position and favourable market conditions
SDGs Impacted
FY 2023-24 Highlights
Dividend per Share
CDividend Payout Ratio
CC Value Creation E Value Erosion P Value Preservation
Creating Value For
We aim to build lasting relationships with our customers by consistently providing high-quality products and exceptional service. This customer-first mindset underpins our commitment to excellence, encouraging us to safeguard their trust and enhance their experience
SDGs Impacted
FY 2023-24 Highlights
Customer Satisfaction Score
CInternational Business Footprint
CC Value Creation E Value Erosion P Value Preservation
Creating Value For
We believe in empowering our team members, offering them opportunities to enhance their skills, and ensuring they feel valued and connected. This philosophy is integral to our operations, guiding us as we build a diverse workforce equipped to navigate the demands of the industry and contribute to our collective success
SDGs Impacted
FY 2023-24 Highlights
Engagement score in survey
CEmployees given Performance Reviews
CC Value Creation E Value Erosion P Value Preservation
Creating Value For
By building a resilient and ethical value chain ecosystem, we enforce our responsible sourcing practices, ensuring alignment with our sustainability goals and India’s net-zero emissions target. Simultaneously, we invest in the growth of our influencers, providing training, certifications and incentives, to cultivate a collaborative network that advances our collective brand strength and market presence
SDGs Impacted
FY 2023-24 Highlights
Influencers on the Polycab Experts Digital Platform
CSustainable Sourcing in FY 2023-24
CC Value Creation E Value Erosion P Value Preservation
Creating Value For
Polycab’s core philosophy to be a “Safe & Sustainable Company” finds its reflection in its CSR Policy. Polycab’s CSR activities are not mere charity or donations, they reflect the manner in which the business is conducted by directly focusing on the needs of the Society at large. Polycab undertakes initiatives which are aimed in promoting education, healthcare, rural development, environment and national heritage, art & culture
SDGs Impacted
FY 2023-24 Highlights
CSR Beneficiaries
CCSR Spend
CC Value Creation E Value Erosion P Value Preservation
Creating Value For
By adopting and implementing industry-best practices throughout our operations, we aim to lower our environmental impact and set a benchmark in sustainability. Our commitment is to protect, enhance and regenerate the natural resources we all depend on, paving the way for a more sustainable future
SDGs Impacted
FY 2023-24 Highlights
Total Waste Recycled
CTotal Energy Consumed from Renewable Sources
CC Value Creation E Value Erosion P Value Preservation
At Polycab, we prioritise sustainable practices that focus on environmental, social, and governance principles, putting consistent effort in areas ranging from climate change and energy to data security and privacy.
Understanding stakeholder
needs and material ESG risks
Developing roadmap
and ownership
Measuring impact and
improving
Establishing ESG
governance
Refining operations and
processes
Verification through internal
audits and external assurance
As the Company continues to achieve its strategic objectives; effective governance serves as the compass that guides the Company toward ethical conduct, effective growth and sustainable success. Besides control, the governance strategy at Polycab focuses on compliance, reliability, transparency, and accountability. The Company recognises ‘Governance’ as a continual process.
Internal and external risks are inevitable in a dynamic operating environment. To navigate this and stay ahead of the industry, we employ a comprehensive risk management process that allows us to adapt swiftly to unforeseen circumstances and seize the right opportunities. Through continuous monitoring and timely adjustments, we safeguard our operations, assets, and stakeholders’ interests.
