Slides
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Corporate Presentation January 2025
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❑ Company Overview ❑ Macro Opportunities ❑ Leadership in Wires & Cables ❑ Well Established FMEG Business ❑ Strengthening Brand Recognition ❑ Strong Manufacturing and R&D capabilities ❑ ESG ❑ Robust Financials ❑ Project Spring ❑ Corporate Governance ❑ CSR ❑ Shareholding Pattern Content
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Polycab India Limited | Corporate Presentation 3 Company Overview
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Polycab India Limited | Corporate Presentation Polycab: A Snapshot 8-year CAGR at 25% Well balanced product portfolio; 6,000+ SKUs Well-footed FMEG player Market leader in Wires & Cables1 ~25-26% Share of Organized Market2 #1 Manufacturer in India 3,800+ Dealers & Distributors 2,05,000+ Retail Outlets PAN India Network 5-year CAGR Revenue 18% EBITDA 21%, PAT 29% Proven Track Record 28 Facilities, 7 locations Strong backward integration Manufacturing Footprint Blend of Entrepreneurial & highly experienced professional management Strong Management Bandwidth Note: FMEG: Fast Moving Electrical Goods; (1) In India, In terms of segment revenue; (2) As of March 31, 2024; (3) EBITDA - Earnings before Interest, Tax, Depreciation & Amortization excludes other Income; (4) PAT – Adjusted Profit after tax 4
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Polycab India Limited | Corporate Presentation 1996 2006 2011 2014 2017 2021 1964 - 96 1998 2009 2013 2016 2019 Promoters established the business Manufacturing from Halol plant Set up a facility for PVC insulated power cables house wires, telephone cables, optical fibre cables, switch board cables and quad cables at Daman Investment from IFC of ₹ 4,018 Mn Forayed into the switches segment Manufacturing of ceiling fans at Roorkee, Uttarakhand JV with Trafigura for copper rod manufacturing (Ryker) IPO: Listing on BSE & NSE on 16 April 2019. 52x over subscribed Company incorporated on Jan 10, 1996 Crossed ₹ 10,000 Mn in revenue Crossed ₹ 31,000 Mn in revenue Diversification into fans and LED lighting segment Manufacturing facility for MCBs at Nashik, Maharashtra JV with Techno Electromech for manufacturing of LED lighting products Bought out balance 50% stake in Ryker Project Udaan Rejuvenated focus on Export's market Commenced manufacturing Switches Formulated ESG Framework Our Journey 2022 5 2023 Refreshed the Brand Unveiled new brand identity, "Ideas. Connected." Launched Polycab Expert Program Initiated transformation Project Leap 2024 Long-term bank facilities rating upgraded to 'CRISIL AAA/Stable’ Launched New Loyalty App 2025 Completed Project Leap Initiated next 5- year transformation Project Spring
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Polycab India Limited | Corporate Presentation Our Segments: An Overview % of External Sales 7% Fast Moving Electrical Goods 5% Others (incl. EPC) 88% Wires & Cables FY 24 Total Revenue ₹ 180,394 Mn 6
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Polycab India Limited | Corporate Presentation Key Management Initiatives to Create Value Induction of Qualified Professionals Expansion of Distribution Network Enhance Brand Awareness and Customer Loyalty Improvement in Production Process Improvement in Supply Chain Robust IT platform and Digitalization Expansion of Manufacturing Capacity Governance & Performance based Culture Focus on Profitable growth Working on Sustainable Development Our culture is built on a solid foundation of values 7 Scale up International Business
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Polycab India Limited | Corporate Presentation i-POWER I nnovative mindset Giving wings to novel ideas P eople at the core Caring about our people and their growth O bsession for the customer Serving to create delightful experiences W inning together Collaborating and celebrating wins E ntrepreneurial drive Bringing new possibilities to life with passion R enew Being courageous, resilient and agile Values Connecting all to a brighter future Our innovative, safe and energy efficient products and solutions delight our customers Our vibrant and inclusive culture leads to deep connections, value creation and growth for our People, Partners and Stakeholders Our focus on sustainable development reflects our commitment to be a caring and responsible enterprise Purpose 8
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Polycab India Limited | Corporate Presentation 9 Macro Opportunities
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Polycab India Limited | Corporate Presentation 35,000 ~80,000 ~115,000 FY14 FY23 FY27EFY24 10 Indian Cable & Wire Industry is Poised for Sustained Growth ~9% CAGR (1.5x GDP) ~12-14% CAGR (~1.5-2x GDP) Source: Industry Reports; Company Estimates Indian Cable & Wire Industry projected to grow near ~1.5-2x GDP (vs ~1.5x GDP historically) Key Demand Drivers: Indian Cable & Wire Market (₹ Bn): Robust Domestic Demand • Government’s thrust on infrastructure • Energy transition boosting demand for power transmission • Real estate upcycle • High demand from sunrise industries (Data Centers, EV, Railways, Metro, etc.) Organized Players To Dominate • Focus on safety, GST regime, complex C&W applications to drive shift towards organized players • Shift towards higher voltage products to benefit large players Exports Opportunity • China + 1 supply alternative • Global C&W is ~$250Bn market, growing at 7.5%+ CAGR, driven by Renewables, Power, Oil & Gas • Global annual grid capex is expected to rise from $290 Bn in 2022 to $633 Bn in 2030 to replace ageing infrastructure350 ~800 ~1,150
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Polycab India Limited | Corporate Presentation 15 41 FY23 FY30E 11 Energy Power T&D and Renewable Energy Network Expansion Driving Industry Growth Power T&D expected to attract investments of ₹ 9 Tn+ over next 7 years Source: Industry Reports; Company Estimates India Installed Power Capacity (GW) Expected Addition in Transmission Lines Aggressive Renewable Energy Additions From 184 GW to ~500 GW by FY30E as India aims to meet 50%+ energy needs through non-fossil fuel power sources; Power evacuation into grid supported by Green Energy Corridor Scheme Inter-Regional Grid Connectivity Projects Power transmission from surplus to deficit states, particularly in case of solar capacity which is concentrated in western & southern parts Conversion of Overhead Electricity Lines to Underground Cabling Ease of network expansion & weather resilience Transmission Infrastructure Upgrade Renovation & modernization of grids & sub- transmission networks due to shift towards higher capacity Rising Power Consumption From 1,255 units per capita in FY22 to 2,984 units in FY40E (current global avg is 3,700+ units) 251 277 76 280 45 140 63 80 Feb-24 FY30E Other Renewable Energy Wind Solar Fossil Fuel + Nuclear 434 777 Annual Transmission Line Addition (‘000 KM)
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Polycab India Limited | Corporate Presentation 12 Manufacturing Production Linked Incentive Schemes (PLI) and ‘Make-In-India’ Push Supporting Private Capex Source: Industry Reports; Company Estimates Government plans to increase Manufacturing Contribution to GDP to 25% (from 17% in FY23) Investment under PLI Scheme (₹ Tn) Considering FY28 to be final year of PLI scheme, ~₹ 4.4 Tn investment is expected till FY28 (~₹ 1.1 Tn p.a.) to entirely use the allocated incentive ₹ 4.4 Tn Expected Investment 1.1 1.9 2.5 5.5 Investment till Dec-23 Incremental Investment from Approved Applications Additional Investments Expected Total Investment Investments Till Date Incremental Investments from Approved Applications Additional Investments Expected Total Investment 2.5 5.5 Increasing Demand for Optic Fiber Cables High domestic demand from telecom, medical, defense and data storage sector, supported by anti-dumping duty on imports. Indian telcos expected to invest $1.5-$2.5 Bn over next 2-3 years on 5G deployment; BharatNet has an outlay of ₹ 1.39 Tn New Industries & their ecosystem being set-up supported by PLI scheme Electronics, automobiles & auto- components, medical devices, white goods, solar PV modules, ACC Battery, green hydrogen, semiconductors, drones, etc. Chemicals & Metals Driving Private Investments in Manufacturing Sector Avg capacity utilization in manufacturing is ~75%, which is supporting private capex. ~₹ 26 Tn private investments were made during FY23 & FY24 led by chemicals, machinery & metals Refinery & Petrochemical Projects India is expected to dominate the new build & expansion refinery projects in Asia, accounting for 45% projects between 2023-2027, fueled by rising demand for petroleum products
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Polycab India Limited | Corporate Presentation 13 Real Estate Residential & Commercial Real Estate Upcycle to Sustain Growth Momentum Indian Real Estate Sector is expected to be $ 1Tn by 2030 from $200 Bn in 2021 (19.5% CAGR) Source: Industry Reports; Company Estimates India Office Space – New Supply (Mn Sq Ft) Rapid Urbanization Fuels Residential Demand Uptick on Residential Real Estate A multi-year upcycle with an expected increase in volume growth in the medium term; Top C&W players will get incremental demand as top tier property developers prefer suppliers with strong execution track record Demand for Commercial Real Estate Growth of global capacity centers and infrastructure in Tier 2/3 cities A global real estate investor, which has invested ~$ 50 Bn in Indian real estate sector, is seeking to invest additional $ 22 Bn by 2030 New Warehouse Additions Indian warehousing stock has grown ~3x since 2016 to 354 Mn sq.ft. by Q3CY23 and is expected to reach ~540 Mn sq.ft. by 2026 owing to growth in manufacturing & e- commerce sectors Expected pickup in PE Investment As India's economy grows, private equity investments in real estate are expected to reach ~$ 15 Bn by 2034, growing at a 17% CAGR from 2023 67 70 36% 43% -10% 0% 10% 20% 30% 40% 60 62 64 66 68 70 72 74 76 2023 2034 Cities With 1 Mn Plus Population Urbanization in India 16 19 31 38 41 CY20 CY21 CY22 CY23 CY25
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Polycab India Limited | Corporate Presentation 1,000 10,000 FY23 FY30E 14 Mobility Mobility Infrastructure Under Massive Transformation to Support Economic Growth Source: Industry Reports; Company Estimates Growth led by public capex; Super Normal Growth in Sunrise Sectors (EV, Data Centers etc.) Robust EV Adoption Rates GOI targets to achieve 30% electrification in private cars & 70-80% in commercial vehicles, 2W and 3W by 2030. India is expected to have 2Mn+ EV charging infrastructure by 2030 EV Outlook (2W & 4W in ‘000) Widening Metro Rail Connectivity 986 KM of metro line is under construction; while additional 245 KM line is proposed Enhancing Airport Accessibility Under Gati Shakti, 200 new airports, heliports & water aerodromes are planned. AAI to develop 50 airports in Tier 2&3 cities in next 5 years Railway Expansion & Modernization FY25 budget allocation of ~₹ 2.5 lakh Cr.; accounting for ~5.5% share in Govt Capex (vs ~1.0% in FY08) Investments of ₹ 7 Tn+ over next decade to lay ~50,000 km of new train tracks as well as modernize the infrastructure Revamping Road Infrastructure Target of 2 lakh KM national highways by 2037, up from 1.46 lakh KM currently. Since FY18, ~10,000 KM of highways are being added p.a. Policy & Low Costs Driving Data Centers Growth ~900 MW capacity expected to increase to ~10 GW+ by FY30; large part of fresh capacity expected to come in Mumbai followed by Chennai, Noida, Hyderabad and Bangalore 600 503 471 304 300 251 200 121 102 363 Upcoming Data Center Capacity (in MW) Data Centers AI and need for Cloud Infrastructure to Drive Huge Demand for Data Centers
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Polycab India Limited | Corporate Presentation Global Cable & Wire Industry Source: Industry Reports; Company Estimates Global Cable & Wire Industry projected to grow at ~7.5% to reach $410 Bn by 2030 Key Demand Drivers China + 1 Policy • Global Companies looking to diversify their supply chain away from China • Various countries have increased Tariffs and levied sanctions on China on a wide range of products including electrical equipments Data Centers and Digitization • Global Data Center investments will be on a high growth trajectory due to AI adoption and demand for Cloud infrastructure • Global spending on building of data centers is forecast to reach $49 Bn by 2030 EV Adoption and Charging Infrastructure • Battery and Hybrid EVs to make up 55% of total global vehicle sales by 2030 • Global Public charging points to exceed ~15 Mn by 2030 from current 4 Mn Smart Cities and Residential Estate • UN projects 68% of world population living in Urban Areas by 2050 • Saudi Arabia’s Vision 2030 plan to lead an investment of $ 1 trillion for real estate and infrastructure projects • Global Smart Cities Market is expected to reach $ 1.1 trillion by 2028 Renewable Energy Project • EU to invest $ 1.6 Tn in power grid and renewable Energy projects by 2030 • EU Offshore Wind Energy capacity to grow from 12 GW to 300 GW by 2050 • African Renewable Energy Initiative to create 300 GW of renewable electricity for Africa Power and Electricity Trend • Global Electricity consumption expected to double by 2050 • EU plans to invest $633 Bn into electricity grid by 2030 • US GRIP program to invest $10.5 Bn funds to support and expand of electric grids 15
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Polycab India Limited | Corporate Presentation 16 India’s Growth Story to Propel FMEG Industry India to Become 3rd Largest Economy, after USA & China India’s GDP to cross $5Tn mark by FY28 3.6 5.1 6.7 FY24 FY28F FY31F Nominal GDP ($Tn) 0% 20% 40% 60% 80% 100% 2021 2031F Percentage of Households < $5k $5k -10k $10k -35k $ 35k+ India’s Favorable Demographics & Macro-Economics to Drive Discretionary Spending With Increase in Average Household Income: 46% households with $10-35k income by 2031 (vs ~24% in 2021) Source: Industry Reports; Company Estimates India to become an ‘Upper Middle-Income Country’ from current ‘Lower Middle-Income Status • Per capita income of ~$4,500 by FY31 vs ~$2,600 in 2023 Rise in urbanization, lifestyle shifts with rising number of nuclear families • 360 Mn households by 2031, up from 295 Mn in 2021 • Urban population to increase from ~35% to ~41% by 2030 Rising credit card ownership to push up discretionary spending • ~100 Mn credit cards in circulation vs 55.5Mn in Dec-19 • ₹ 1.66 Tn credit card spends in Jan-24 (30% YoY growth) Increase in Worker Population Ratio (WPR), thus lowering dependency ratio • WPR increased from 35.3% in FY19 to 41.1% in FY23, driven by participation from rural women
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Polycab India Limited | Corporate Presentation 17 Leadership in Wires & Cables
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Polycab India Limited | Corporate Presentation Market Leader in Wires & Cables With a Diverse Portfolio FR (Flame Retardant) FRLS (Flame Retardant Low Smoke) ZHFR (Zero Halogen Flame Retardant ) Power Cable Optical Fiber Cable Solar Cable Building Wires Flexible Wires Instrumentation Cables Control Cables Other Cables Wide Customer Base across Industries…Polycab is the largest Wires and Cables manufacturer in India, with a strong suite of products… 18 Power Oil and Gas Construction Infrastructure Renewable Real Estate Telecom Railway IT Park Non-Metal Cement Nuclear EnergyAutoData Centres DefenseMetroPort Agriculture
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Polycab India Limited | Corporate Presentation Dominant Position in Wires and Cables Industry 25-26% Organized Market 18-19% Total Market Market Size ~ ₹ 800 Bn (~40–45% of the electrical equipment industry) Market Share in FY24(1) FY24 Wires & Cables Revenue(2) The Polycab Advantage Note: (1) Industry estimates, Polycab estimates; (2) 12 months ended March 2024. Revenue in ₹ billion; No adjustment for Inter segment revenue Marquee Customers Made to Stock Made to Order Strong R&D infrastructure Availability Distribution Supply Chain Healthy Market Share Gains in Wires & Cables over the past few years 19 159 75 63 Polycab Peer 1 Peer 2 2.1x 2.5x
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Polycab India Limited | Corporate Presentation Building Nation Infrastructure • Power Plant (Lakwa Thermal Power Project) • Railway (National High Speed Rail Corporation Limited – Bullet train) • Airport (Navi Mumbai Airport) • Road and Highway (NH66 Six lane Highway) Commercial & Urban Development • Mall (Lulu Mall, Calicut) • Administrative Area (Central Vista Common Central Secretariat ) • Commercial Building (Surat Diamond Bourse) • Public Works Department (Lucknow Smart City Project) Specialized Projects • Defence (Battery Charging Unit, Sikkim) • Mining (Seabird Karwar, Karnataka) • Navy (Cochin International Airport – Cargo Terminal) • Tunnel (Jawahar Tunnel, J&K) • Temple (Ayodhya Ram Mandir) Energy and Power • Power Distribution (Haryana Vidyut Prasaran Nigam Limited Project) • Solar Project (221 MW Solar Project) Education & Research • Educational Institute (National Institute of Technology Patna) • Medical Research (Cochin Cancer Research Centre) • Sports Facility (National Cricket Academy) • School (Trinity School, Bihar) Utility • Port (Bharat Mumbai Container Terminals) • Irrigation Project (Amravati Project) • Water Treatment Project (Water Treatment Project Pilibhit, UP) • Data Centre (CNTRLS Data centre) Shri Ram Mandir Surat International Airport Navi Mumbai Airport Jawahar Tunnel, J&K NH66 Highway Cochin Cancer Research Centre Powering India’s Development 20
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Polycab India Limited | Corporate Presentation Unique ability to deliver products to any dealer or distributor across India generally within 24 hours Optimized Supply Chain Economic Moat in Wires & Cables Business Strong relationships with channel partners developed over decades. Working with 2nd – 3rd generation of many dealers & distributors Strong Channel Relationships Margins protected against commodity price volatility through access to embedded derivatives from suppliers Margin Protection through Embedded Derivatives Polycab has the most extensive range of wires and cables in India, with ~10,700 SKUs and global certifications Only Manufacturer of all types of Wires & Cables in India High quality imported copper, in-house manufacturing and strong backward integration aids in producing better quality products Superior Quality Products Strong distribution network comprising of 3,800+ dealers & distributors and 205,000+ retail outlets, spread across India Robust Distribution Network 21
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Polycab India Limited | Corporate Presentation Opportunities in Focus Import Substitutes International Business India gaining from global search for supply chain alternative. Polycab being largest Indian player getting right to win Supply Chain Diversification Looking to replicate distribution network, similar to that in India, in all large geographies of operation Setting up Distribution Network Actively working on certifications and product approvals for new countries. Approvals for large demand centers like USA and Australia largely in place Certifications & Approvals Government’s focus on Make in India generating cables demand from sunrise sectors like Defence, Renewables, EVs etc Make in India Tie-up with four international research teams for R&D of polymers required in cables used in niche sectors Research & Development Incremental investment in R&D, alongside the time required for obtaining approvals from pertinent authorities and the establishment of new facilities, serve as significant entry barriers, keeping competition low Lower Domestic Competition 22 Struggling large unorganized market, due to commodity price volatility, the implementation of GST, and increasing consumer focus on quality, presents a huge opportunity to gain market share ~30% Unorganized Market Distribution architecture designed post detailed mapping and evaluation of these geographies Distribution Architecture Product portfolio calibrated to address needs of consumers across price points New Product Portfolio Distribution Expansion
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Polycab India Limited | Corporate Presentation 23 Well Established FMEG Business
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Polycab India Limited | Corporate Presentation FMEG: Expanding presence in ‘Electricals’ ecosystem ▪ Diversified portfolio with focus on the upcoming industry trends ▪ In-house Manufacturing ▪ Strong Backward Integration ▪ Pan India Distribution ▪ Present in Fans, Lighting & Luminaires, Switches, Switchgears, Water heaters, Pipes, Conduits, Solar etc. Forayed in FY14 ... ▪ Common raw materials - higher negotiating power ▪ Manufacturing knowhow ▪ Strong brand goodwill in electricals space ▪ Economies of scale - Cost-savings in transportation & distribution ▪ Cross-sell opportunities to a larger customer base 2,167 3,356 4,853 6,433 8,356 10,341 12,544 12,512 12,828 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FMEG is now a sizeable part of the business - growing at 25% CAGR in past 8 years … leveraging synergies Mobile App 24
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Polycab India Limited | Corporate Presentation High Growth Opportunity in the Indian FMEG Industry Fans & Appliances ▪ Preference for energy efficient fans & appliances ▪ Value added products ▪ Market share for premium & smart fans (with aesthetic appeal) projected to reach 28% by FY27 (vs 20% in FY23) Switches LV Switchgear Lighting ₹ 155 Bn ₹ 90 Bn ₹ 25 Bn ₹ 260 Bn Notes: Industry estimates, Polycab estimates; Macro drivers include evolving consumer aspirations, increasing awareness, rising income, rural electrification, urbanisation, digital connectivity, smart home solutions ▪ Customer preferences towards modular switches ▪ Demand for safe and secure switches ▪ Greater awareness towards building automation and management ▪ LV to outgrow MV / HV segment ▪ Modular devices and safe products gaining preference ▪ Rising demand for various electrical appliances ▪ Considerable shift towards LED segment ▪ Government efforts and consumer awareness towards energy efficient technology ▪ Growing premiumization – share expected to grow from ~45% in FY22 to ~60% in FY27 25
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Polycab India Limited | Corporate Presentation 26 Growth Engine Leveraging product innovation and brand building activities to drive sales of premium products, which are margin accretive Premiumization More focus on less competitive, higher margin businesses of switches and switchgears Focus on Higher Margin Segments Increased focus on whitespaces where Polycab currently has little or no presence. Adopting alternate sales platforms like e- commerce, modern trade stores etc Distribution Expansion Scaling up structured influencer management program through frequent engagements, training programs, incentive programs and digital analytics Influencer Management Enhanced brand equity building through tie-up with Ogilvy and higher A&P spends for both ATL & BTL activities Brand Building Revenue Profitability Silvan team engaged as R&D division for new product development and innovation. Introducing products across price points to plug gaps in product portfolio Product Innovation Large in-house manufacturing will start realizing economies of scale and hence better margins with growth in business volumes Economies of Scale Strong backward integration to improve product quality, availability as well as reduce costs Backward Integration
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Polycab India Limited | Corporate Presentation Multi Format Retail Approach: Polycab Galleria, Arena & Shoppee ❑ Strategic showcase enabling consumers and trade constituents to experience and choose from a wide range of quality products ❑ At iconic electric markets hub which is also an important feeder market to western and southern India ❑ Equipped with audio-visual facilities for training electricians and retailers on safety, soft skills, basics in English and computers ❑ Virtual reality showcase for B2B buyers to experience the plants and facilities ❑ Deepens connect with direct customers in the FMEG market as well as retailers from upcountry ❑ Currently in Vadodara, Ludhiana, Udaipur, Trivandrum, Ahmedabad, Cochin, Surat, Nasik, Chennai, Ahmednagar and Vijayawada ❑ Aiming to expand such experimental stores across key cities 27 Ahmednagar Vijayawada Udaipur Vadodara Ludhiana Surat
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Polycab India Limited | Corporate Presentation 28 Strengthening Brand Recognition
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Polycab India Limited | Corporate Presentation 29 Hap Hap Happy – Dance of Joy Campaign Ayushmann Khurana (Actor) Paresh Rawal (Actor) R Madhavan, Actor Corporate Commercial, Elevated our brand amongst Top 3 in house wires Polycab became a household name with the target audience Strong Brand Recognition in the Electricals Industry 2013 2014 2016- 2017 2018 2019 Our Brand Journey from B2B to B2C ‘Connection Zindagi Ka’ was a hit with customers- the impactful narrative with their minds and hearts 2020 Associate On Air sponsors T20 Premier League 2021 2022 Official Sponsor 2023 Brand Refresh
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Polycab India Limited | Corporate Presentation 163 FY14 Advertising and Sales Promotion Expenses ( ₹ Mn) Multi-pronged approach to increase brand awareness Actively engage Dealers and Distributors Loyalty Points via Experts Program Increased Advertising on Social Media and Sales Promotion Strengthened Further Using Multi-Pronged Approach 1,989 FY24 30
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Polycab India Limited | Corporate Presentation Pan - India Distribution Network to Support Diverse Customer Base and Product Categories Our distribution reach 3,800+ authorized dealers & distributers 2,900+ FMEG dealers and distributors pan- India 205,000+ retail outlets Sales & marketing through corporate office, 3 regional offices & 9 local offices across India 24%48% 28% Wire & Cables FMEG Common 29% 29% 21% 21% North South East West By Product By Geography Notes: As of Mar’24. Pie chart represents split of authorised dealers and distributors. 31
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Polycab India Limited | Corporate Presentation Catering to Marquee Customers Oil & Gas Infrastructur e Power Metal Cement Government Export Telecom Paints Chemicals Auto 3.1% 12.4% 8.5% 7.6% 9.8% 8.0% FY19 FY20* FY21 FY22 FY23 FY24 Revenue from International Business (% of total revenue) Note: Companies served in past and present, directly or indirectly through authorised dealer/ distributors 77% 23% 14% 4% Rest of the Customers Top 10 Customers Top 5 Customers Top Customer Total Revenue Contribution in FY24 32 *Includes one-off large Institutional order
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Polycab India Limited | Corporate Presentation 33 Strong Manufacturing and R&D Capabilities
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Polycab India Limited | Corporate Presentation Inhouse Manufacturing with a High Degree of Backward Integration and Automation… Multi-location manufacturing (Products1; Annual capacity) 1. Figures are absolute numbers where no units are indicated as of 31st March, 2024; Halol Nashik Cable CCV Line Fan Manufacturing Unit Halol& Daman Wires & Cables 6 Mn kms Fans 6 Mn Switches 12 Mn Pipes & Conduits: 24,000 MT Metal box 3.6 Mn Nashik Switchgears 24.0 Mn Roorkee Fans 3.0 Mn Chennai Pipes & Conduits 4,800 MT 34 Bangalore Metal box 3 Mn
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Polycab India Limited | Corporate Presentation …Strong R&D & Innovation Capabilities with Quality Assurance Supported by quality & reliability initiatives… Green Wire Investments in in-house R&D capabilities with strong focus on backward integration • NABL ISO 17025 certified R&D centre to support own manufacturing • ~90 engineers and technicians • Centre of excellence for R&D on polymers • Existing facilities for key raw materials with continuously improving R&D capabilities to capitalize on industry trends • Environment friendly power cables, rubber (elastomeric) cables and electron-beam irradiated cables 35 BLDC Fan Our Ecological Initiative
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Polycab India Limited | Corporate Presentation 36 ESG
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Polycab India Limited | Corporate Presentation Annual Report +BRR 1st Integrated Report (Including BRR) • Materiality Assessment • GRI Limited Assurance • Comprehensive GHG Inventorization • BRSR Core- Reasonable Assurance FY’2020 FY’2021 FY’2022 FY’2023 FY’2024 • 1st BRSR Report • GHG Inventorization • ESG Targets • ESG Committee Connecting All to a Brighter Future Polycab ESG: Journey so far 37
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Polycab India Limited | Corporate Presentation 38 Polycab’s Purpose – “Connecting All to a Brighter Future“ • Our innovative, safe and energy efficient products and solutions delight our customers • Our vibrant and inclusive culture leads to deep connections, value creation and growth for our People, Partners and Stakeholders • Our focus on sustainable development reflects our commitment to be a caring and responsible enterprise ESG strategy is pivotal for Polycab in ‘Evolving through excellence and transforming with focus’ ESG Objectives Strategic Pillars Governing and overseeing ESG initiatives from the Board of Directors and line of business management levels Minimizing Polycab’s operational impacts on climate and accelerating low-carbon transition Innovating products with new groundbreaking modern designs, energy efficient and low environmental footprint Implementing targets to assess and manage climate related risks, and supporting value chain partners in transitioning to a lower carbon environment Communicating our ESG Performance to stakeholders is critical. Polycab measures and discloses non-financial performance transparently. ‸ • Our ESG strategy is built in accordance with Guiding Principles of GRI, UN SDGs, <IR> framework and NGRBC • Polycab reports on ESG disclosures verified by external assurance agency in annual Integrated report and BRSR • People Sustainability is about putting employees, community, vendors customers at centerstage of everything we do • Product Innovation for brighter and greener future • Ensuring Environmental Sustainability across all operations • Governance supported with robust policies and process helps Polycab to act responsibly and ethically ESG Strategy
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Polycab India Limited | Corporate Presentation 39 Understanding stakeholder needs and material ESG risks Establishing ESG Governance Developing roadmap and ownership Refining operations & processes Measuring impact and improving Verification through internal audits and external assurance Communicating ESG Performance through ESG Report transparently ESG Material Topics Climate Change ad Energy Water Management Waste Management Product Stewardship Innovation Safety and Working Conditions Responsible Supply Chain Labor Management Employee Training and Development Corporate Social Responsibility Corporate Governance, Ethic and Integrity Data Security and Privacy The Board CSR & ESG Committee ESG Working Groups ESG Council ESG Governance Mechanism ESG Approach
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Polycab India Limited | Corporate Presentation 40 Robust Financials
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Polycab India Limited | Corporate Presentation 5,003 7,656 7,415 8,452 12,831 18,029 FY19 FY20 FY21 FY22 FY23 FY24 9,504 11,276 11,117 12,626 18,429 24,918 FY19 FY20 FY21 FY22 FY23 FY24 79,856 88,300 87,922 1,22,038 1,41,078 1,80,394 FY19 FY20 FY21 FY22 FY23 FY24 Proven Track Record of Financial Performance Revenue (₹ Mn) EBITDA (₹ Mn) PAT (₹ Mn) Notes: (1) Numbers on consolidated basis (2) Revenue: Revenue from operations (3) EBITDA excludes Other Income (4) CAGR - five years (5) FY21 PAT numbers have been restated due to divestment of Ryker base in November 2021. Strong manufacturing capability Expansion of Distribution Network Focus on Profitable Growth Delivering steady growth + profitability EBITDA Margin % PAT Margin % 6.3% 8.7% 8.4% 6.9% 9.1% 10.0% 11.9% 12.8% 12.6% 10.3% 13.1% 13.8% 41
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Polycab India Limited | Corporate Presentation Proven Track Record of Financial Performance ROCE/ROE (%) Debt/Equity ratio (times) Capital Expenditure (₹ Mn) Notes: (1) ROCE (Return on Capital Employed) is (Profit before tax plus finance cost) divided by closing value of (Debt plus total equity including non-controlling interest), ROCE post tax uses effective tax rate (2) ROE (Return on Equity) is Profit for the year divided by closing value of equity including non-controlling interests (3) Debt / Equity: Total debt / equity including non-controlling interests (4) Net Cash Position: Cash + Bank balances + Investments - Debt Net Cash Position (₹ Mn) 0.10x 0.04x 0.05x 0.01x 0.02x 0.01x FY19 FY20 FY21 FY22 FY23 FY24 2,814 2,891 1,911 5,200 4,584 8,580 FY19 FY20 FY21 FY22 FY23 FY24 27.9% 26.4% 20.7% 20.4% 25.9% 29.6% 17.5% 19.9% 15.5% 15.2% 19.2% 21.9% 18.5% 20.0% 15.4% 15.4% 19.4% 22.6% FY19 FY20 FY21 FY22 FY23 FY24 ROCE ROE ROCE Post Tax 442 1,642 9,637 11,007 18,912 21,408 FY19 FY20 FY21 FY22 FY23 FY24 Growth Funded by Internal Accruals Invested in technology and built capacities for future Improving returns and surplus cash to fuel future growth 42
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Polycab India Limited | Corporate Presentation Consolidated Profit and Loss Statement 43 43 Particulars ( ₹ Mn) FY 2024 % FY 2023 % FY 2022 % Revenue from Operation 1,80,394 100.0% 1,41,078 100.0% 1,22,038 100.0% Cost of Goods sold 1,32,803 73.6% 1,05,109 74.5% 94,657 77.6% Contribution (A) 47,591 26.4% 35,969 25.5% 27,381 22.4% Employee cost 6,095 3.4% 4,568 3.2% 4,066 3.3% Other Operating Expenses 16,578 9.2% 12,880 9.1% 10,663 8.7% Total Operating Expenses (B) 22,673 12.6% 17,448 12.4% 14,729 12.1% Share of profit/(loss) of JVs (Net of tax) (C) - - -93 -0.1% -26 0.0% EBITDA (A) - (B) + (C) 24,918 13.8% 18,429 13.1% 12,626 10.3% Other Income 2,209 1.2% 1,333 0.9% 899 0.7% Depreciation 2,450 1.4% 2,092 1.5% 2,015 1.7% Finance Cost 1,083 0.6% 598 0.4% 352 0.3% PBT 23,593 13.1% 17,073 12.1% 11,159 9.1% Income Tax 5,564 3.1% 4,242 3.0% 2,706 2.2% Adjusted PAT 18,029 10.0% 12,831 9.1% 8,452 6.9% Exceptional items - - - - 721 0.6% Reported PAT 18,029 10.0% 12,831 9.1% 9,173 7.5%
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Polycab India Limited | Corporate Presentation Consolidated Balance Sheet 44 44 Particulars ( ₹ Mn) FY 2024 FY 2023 FY 2022 Assets Non-Current Assets Fixed Assets 29,160 23,177 20,598 Non-current Deposits 58 6 126 Financial / Non-current Assets 4,431 1,984 1,983 Total Non-current Assets 33,649 25,167 22,708 Current Assets Inventories 36,751 29,514 21,996 Trade Receivables 20,471 12,466 12,964 Investments 18,224 13,505 7,641 Cash and Bank Balances 4,024 6,952 4,071 Others - Current Assets 7,670 6,650 4,739 Total Current Assets 87,140 69,087 51,411 Total Assets 1,20,789 94,255 74,119 Particulars (₹ mn) FY 2024 FY 2023 FY 2022 Equity & Liabilities Shareholder's Funds Share Capital 1,502 1,498 1,495 Reserves and Surplus 80,369 64,874 53,943 Total Shareholder’s Funds 81,871 66,372 55,438 Minority Interest 562 374 250 Non-current Liabilities Borrowings 226 42 30 Others - Non-current Liabilities 2,350 1,262 988 Total Non-current Liabilities 2,576 1,304 1,018 Current Liabilities Short-term Borrowings 672 688 36 Acceptances 18,620 12,258 5,811 Trade Payables 10,014 8,069 6,365 Others - Current Liabilities 6,474 5,190 5,201 Total Current Liabilities 35,779 26,205 17,413 Total Equity and Liabilities 1,20,789 94,255 74,119
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Polycab India Limited | Corporate Presentation Consolidated Annual Cash Flow Statement 45 Particulars ( ₹ Mn) FY 2024 FY 2023 FY 2022 Net Cash Flow from Operating Activities 12,962 14,275 5,116 Net cash flow from/(used in) investing activities -7,519 -12,026 -4,270 Net cash flow from/(used in) financing activities -3,874 -2,271 -2,007 Net Increase / (Decrease in cash and cash equivalents) 1,570 -22 -1,160
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Polycab India Limited | Corporate Presentation 46 Credit ratings Rating Agency Long Term Rating Short Term Rating CRISIL AAA/Stable (Upgraded from 'CRISIL AA+/Positive') CRISIL A1+ (Reaffirmed) IND AA+/Positive IND A1+ Experienced Auditors Auditors Statutory Auditors Internal Auditors Cost Auditors Secretarial Auditors Auditors B S R & Co. LLP Ernst & Young LLP R. Nanabhoy & Co BNP & Associates Pillars of Financial Assurance: Auditors & Credit Ratings
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Polycab India Limited | Corporate Presentation Financial Results: Q3 FY25 Mobile App Profitability (PAT)Operating (EBITDA)Top-line (Revenue) Operating (EBITDA) Profitability (PAT) Top-line (Revenue) Profitability (PAT) Q3 FY25: 52,261 Mn 20% YoY -5% QoQ 9M FY25: 1,54,225 Mn 24% YoY Q3 FY25: 7,199 Mn 26% YoY 14% QoQ 9M FY25: 19,349 Mn 12% YoY Q3 FY25: 4,643 Mn 11% YoY 4% QoQ 9M FY25: 13,112 Mn 5% YoY 47
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Polycab India Limited | Corporate Presentation Consolidated Profit and Loss Statement 48 Particulars (₹ Mn) Q3 FY25 % Q2 FY25 % Q3 FY24 % 9M FY25 % 9M FY24 % Revenue from Operations 52,261 100.0% 54,984 100.0% 43,405 100.0% 1,54,225 100.0% 1,24,475 100.0% Cost of Goods sold 38,807 74.3% 42,025 76.4% 31,692 73.0% 1,16,247 75.4% 91,011 73.1% Contribution (A) 13,453 25.7% 12,960 23.6% 11,713 27.0% 37,978 24.6% 33,464 26.9% Employee Cost 1,989 3.8% 1,803 3.3% 1,494 3.4% 5,331 3.5% 4,400 3.5% Other Operating Expenses 4,265 8.2% 4,841 8.8% 4,524 10.4% 13,298 8.6% 11,762 9.4% Total Operating Expenses (B) 6,254 12.0% 6,644 12.1% 6,018 13.9% 18,629 12.1% 16,162 13.0% EBITDA (A)-(B) 7,199 13.8% 6,316 11.5% 5,695 13.1% 19,349 12.5% 17,303 13.9% Other Income 250 0.5% 762 1.4% 710 1.6% 1,596 1.0% 1,670 1.3% Depreciation 786 1.5% 721 1.3% 619 1.4% 2,177 1.4% 1,793 1.4% Finance Cost 498 1.0% 453 0.8% 322 0.7% 1,364 0.9% 839 0.7% PBT 6,166 11.8% 5,903 10.7% 5,464 12.6% 17,403 11.3% 16,340 13.1% Income Tax 1,522 2.9% 1,451 2.6% 1,299 3.0% 4,291 2.8% 3,846 3.1% PAT 4,643 8.9% 4,452 8.1% 4,165 9.6% 13,112 8.5% 12,494 10.0% Quarter Year To Date
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Polycab India Limited | Corporate Presentation Consolidated Balance Sheet Particulars (₹ Mn) Dec-24 Sep-24 Dec-23 Particulars (₹ Mn) Dec-24 Sep-24 Dec-23 Assets Equity and Liabilities Non-current Assets Shareholder’s Funds Fixed Assets 35,544 33,607 26,656 Share Capital 1,504 1,504 1,502 Non-current Deposits 110 103 91 Reserves and Surplus 89,250 84,436 74,720 Other Non-current Assets 6,647 5,772 4,644 Total Shareholder’s Funds 90,754 85,940 76,222 Total Non-current Assets 42,302 39,482 31,390 Minority Interest 741 673 487 Current Assets Non-current Liabilities Inventories 43,784 42,559 37,688 Borrowings 315 334 156 Trade Receivables 23,617 23,389 14,978 Others - Non-current Liabilities 3,626 3,318 2,282 Investments 11,744 21,860 14,095 Total Non-current Liabilities 3,942 3,651 2,438 Cash and Bank Balances 6,612 3,435 5,116 Current Liabilities Others - Current Assets 7,657 6,386 5,502 Short-term Borrowings 1,010 769 776 Total Current Assets 93,413 97,630 77,378 Acceptances 19,880 25,915 12,776 Trade Payables 13,159 12,294 10,406 Others - Current Liabilities 6,229 7,870 5,664 Total Current Liabilities 40,278 46,848 29,622 Total Assets 1,35,714 1,37,111 1,08,769 Total Equity and Liabilities 1,35,714 1,37,111 1,08,769 49
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Polycab India Limited | Corporate Presentation Consolidated Cash Flow Statement Other Key Data Points * as at period end Particulars (₹ Mn) Q3 FY25 Q2 FY25 Q3 FY24 9M FY25 9M FY24 Net Cash Flow from Operating Activities -4,519 15,464 4,948 8,770 7,877 Net cash flow from/ (used in) investing activities 4,389 -11,481 -4,593 -5,217 -2,970 Net cash flow from/ (used in) financing activities -388 -4,781 -62 -5,510 -3,566 Net Increase / (Decrease) in cash and cash equivalents -517 -798 293 -1,957 1,341 Quarter Year To Date Particulars (₹ Mn) Q3 FY25 Q2 FY25 Q3 FY24 9M FY25 9M FY24 Advertisement and Sales Promotion Expense 372 311 904 923 1,612 Capex Spends 2,513 2,928 2,804 8,254 6,364 Net Cash Position* 17,140 24,296 18,370 17,140 18,370 Goods in Transit* 2,175 4,386 1,851 2,175 1,851 Exports Revenue 4,345 3,364 2,685 10,176 10,069 Exports Contribution (%) 8.3% 6.1% 6.2% 6.6% 8.1% Quarter Year To Date 50
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Polycab India Limited | Corporate Presentation Other Financial Metrics * Including Acceptances Finance Cost (₹ Mn) Q3 FY25 Q2 FY25 Q3 FY24 9M FY25 9M FY24 Interest on Bank Borrowings 9 21 16 43 63 Interest on LC, VBD and Leases 424 342 253 1,088 639 Other Borrowing Costs 64 90 54 233 137 Total 498 453 322 1,364 839 51 Working Capital Days Q3 FY25 Q2 FY25 Q1FY25 FY24 FY23 Q3 FY25 Q2 FY25 Q1FY25 FY24 FY23 Receivable Days 34 33 31 33 33 41 42 38 41 32 Inventory Days 94 93 102 91 89 101 103 112 101 102 Payable Days* 77 82 72 81 71 89 109 86 94 85 Net Working Capital 51 44 62 44 51 53 36 64 48 50 ClosingAverage Other Income (₹ Mn) Q3 FY25 Q2 FY25 Q3 FY24 9M FY25 9M FY24 Interest Income 81 42 87 170 274 Gain/ (Loss) on Redemption of Investment 374 267 251 963 610 Fair Value of Financial Assets (MTM) -14 2 - 49 - Exchange Differences (net) -313 401 320 251 625 Miscellaneous Income 123 49 52 162 161 Total 250 762 710 1,596 1,670
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Polycab India Limited | Corporate Presentation 52 Project Spring
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Polycab India Limited | Corporate Presentation 88 122 141 180 210 200 -0.1 0.1 0.3 0.5 0.7 0.9 1.1 1.3 0 50 100 150 200 250 FY21 FY22 FY23 FY24 CY24 FY26 Target Revenue (₹ Bn) Project LEAP: Soaring Beyond Expectations 53 FY26 Target: ₹ 200 Bn Sales CY24 Achieved: ₹ 210 Bn Sales (>100% achieved) Polycab is poised to meet its FY26 revenue target earlier than committed, prompting the need to establish a new growth objective FY21: Launched Project LEAP CY24: Current Status Pillars of Project LEAP Energize B2B (Strengthen Leadership) Breakout Growth in B2C (Position to Win) Accelerate Sustainability Agenda Future Proof Success (Organization Excellence) Forward Looking Statements
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Polycab India Limited | Corporate Presentation New Beginning: Project Spring Propelling B2C Expansion Solidifying Market Leadership in B2B S P R I N G Innovation & Automation - Led Holistic Development Ramp-Up International Business Growing ESG Integration Nurture Talent & Capabilities Driving Value Creation Across All Aspects of the Business 54
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Polycab India Limited | Corporate Presentation Pillars of Project Spring A Multi - Year Journey Towards a Brighter, More Prosperous Future B2B: Domestic Cables Business; B2C: Domestic Wires and FMEG Business Growing ESG Integration Growing ESG Integration Propelling B2C Expansion Solidifying Market Leadership in B2B Ramp-Up International Business ❖ Transition to industry-focused verticals structure ❖ Pivoting from Product to Solutions ❖ Secondary Sales through Focused Demand Generation ❖ Creating and Executing Winning Strategy for Sunrise Sectors ❖ Institutionalize Micro-Market Strategy ❖ Scale-up Influencer Management Program ❖ Enhance Brand Positioning ❖ Drive Profitability through Product Premiumization & Cost Optimization ❖ Expanding into Strategic Niche Markets with High Growth Potential ❖ Approvals from Identified Large EPCs ❖ Targeted Offerings Tailored to Specific Geographies and Customer Segments ❖ Distribution and Logistics Optimization 55
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Polycab India Limited | Corporate Presentation Nurture Talent & Capability Pillars of Project Spring A Multi - Year Journey Towards a Brighter, More Prosperous Future B2B: Domestic Cables Business; B2C: Domestic Wires and FMEG Business ❖ Elevate R&D Investments for Product Innovation ❖ Optimize Supply Chain ❖ Digitization of Processes across Stakeholders ❖ Automation led Manufacturing Productivity Innovation & Automation - Led Holistic Development Growing ESG Integration ❖ Succession Planning ❖ Building Leadership Pipeline ❖ Integrating Customer-Centricity into the Core of Business Operations ❖ Foster an Inclusive, Collaborative and Growth-oriented Culture ❖ Resource Efficiency ❖ Sustainable Sourcing ❖ Diversity & Inclusion ❖ Further Enhancing Transparency & Disclosure 56
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Polycab India Limited | Corporate Presentation ~1.5x of Market Growth in Core segments 11 – 13% Wires & Cables EBITDA >10% Contribution from Exports W&C Business 1.5x - 2x of Market Growth in FMEG 8 - 10% FMEG EBITDA FMEG Business Guidance for Next 5 Years Cash Flow Guidance ₹ 60 – 80 Bn Capex W&C: Wires & Cables; FMEG: Fast Moving Electrical Goods 57 >30% Dividend Payout Ratio Forward Looking Statements
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Polycab India Limited | Corporate Presentation 58 Corporate Governance
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Polycab India Limited | Corporate Presentation Committees of the Board as on 22 nd January 2025 Audit Committee Nomination and Remuneration Committee Stakeholders’ Relationship Committee Risk Management Committee Corporate Social Responsibility and Environment Social and Governance Committee `` Leadership Team - Board of Directors Bharat A Jaisinghani Whole-Time Director Inder T Jaisinghani Chairman and Managing Director Nikhil R Jaisinghani Whole-Time Director Sutapa Banerjee Independent Director TP Ostwal Independent Director RS Sharma Independent Director Previously served as Chairman and MD at ONGC Ltd. Has also worked as a Senior Advisor at McKinsey & Company and Chaired the FICCI Hydrocarbon committee. Holds a degree from ICWA Practicing Chartered Accountant and a senior partner with T.P Ostwal and Associates LLP. Contributed to transfer pricing regulations in India as well as Developing Countries of United Nations Career banker with 34 years of experience with SBI. On Boards of Gulf Oil Lubricants, Glenmark Life Sciences, PayTM Payments Bank, Hinduja Leyland Finance, CMS Infosystems amongst others Gandharv Tongia Whole-Time Director Advanced Leadership Fellow at Harvard. Economics Gold medalist. On Boards of Zomato, Godrej Properties, JSW Cement, Axis Capital, Manappuram Finance, amongst others Manju Agarwal Independent Director 59 Bhaskar Sharma Independent Director Business leader and marketing expert with extensive experience in accelerating business growth in emerging markets. Worked with several well-known companies such as Red Bull India, Unilever and CPC/AJI Asia Chairperson Member A N S R C R C R S R S R C S A S A N A N C N C S N C R Sumit Malhotra Independent Director Previously served as MD & Executive Director at Bajaj Consumer Care Ltd. Has also worked with Raymond Group, Balsara Home Products and TTK Pharma. Holds a Degree from IIT- BHU and IIM-A RR A A C S RA Vijay Pandey Whole-Time Director C N R
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Polycab India Limited | Corporate Presentation 60 Leadership Team - Management Anil Hariani Director– Commodities (Non-board member) Diwaker Bharadwaj President- Packaging Development Manita Carmen A. Gonsalves Vice President-Company Secretary & Compliance Officer ▪ Blend of Entrepreneurial and Professional Management ▪ Professionals with Prior Experience in Bajaj, CEAT, Havells, Tata Group, Vedanta etc. ▪ Vision to Execute Strategies in a Dynamic Environment ▪ Extensive Relationships and Deep Business Understanding Ashish D. Jain Executive President- Chief Operating Officer (Telecom) Bhushan Sawhney Executive President- Chief Business Officer (HLDC) Sanjeev Chhabra Executive President - Chief Procurement Officer Anurag Agarwal Executive President- Strategic Initiatives & International Businesses Rishikesh Rajurkar President - Project Ritesh Arora President - Chief Digital Officer Ishwinder Singh Khurana Executive President- Chief Business Officer (Power & FMEG) Ashish Kakkar Executive President- Chief Human Resources Officer
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Polycab India Limited | Corporate Presentation 61 CSR
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Polycab India Limited | Corporate Presentation Our Social Responsibility – A Philosophy of Empathetic Care Conducted Malnutrition & Thalassemia Camps for children aged 6 to 19 years Preliminary Diagnostic Camps for Detection of tumour in Breast for early treatment Organized Village-to-Village OPD services for those in remote areas with limited access to medical facilities Provided nutritional kits to support Tuberculosis patients Construction of Aanganwadis Construction of Labs and providing computers for enhancing software computer skills Distributed educational kits to orphans & childrens having single parent Organized LEAAD Program for school children in villages Created Awareness of various Schemes & Facilitating for different Govt. Schemes Vermicompost beds set up in villages to promote waste reduction, soil enrichment, and environmental stewardship Supported to Young Volunteers Organization (YVO), which focuses on sustainable causes like education, skills development, women's empowerment, etc Organized talent development activities in villages including sports, art and craft, tuition, and career counseling Health Education Rural development 62
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Polycab India Limited | Corporate Presentation 63 Shareholding Pattern
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Polycab India Limited | Corporate Presentation Shareholding Pattern: Q3 FY25 64 63%13% 9% 2% 14% Promoter FII DII QIB + AIF Others Note: As on 31st December 2024. DII (Domestic Institutional Investors) includes “Mutual Funds”. FII (Foreign Institutional Investors) includes "Foreign Portfolio - Corp" and "Foreign Corporate Bodies". QIB/ AIF stands for "Qualified Institutional Buyer"/ "Alternative Investment Fund“.
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Polycab India Limited | Corporate Presentation 65 Shareholder Returns Since Listing 5 Years Back Apr'19 May'19 Jun'19 Jul'19 Aug'19 Sep'19 Oct'19 Nov'19 Dec'19 Jan'20 Feb'20 Mar'20 Apr'20 May'20 Jun'20 Jul'20 Aug'20 Sep'20 Oct'20 Nov'20 Dec'20 Jan'21 Feb'21 Mar'21 Apr'21 May'21 Jun'21 Jul'21 Aug'21 Sep'21 Oct'21 Nov'21 Dec'21 Jan'22 Feb'22 Mar'22 Apr'22 May'22 Jun'22 Jul'22 Aug'22 Sep'22 Oct'22 Nov'22 Dec'22 Jan'23 Feb'23 Mar'23 Apr'23 May'23 Jun'23 Jul'23 Aug'23 Sep'23 Oct'23 Nov'23 Dec'23 Jan'24 Feb'24 Mar'24 Apr'24 May'24 Jun'24 Jul'24 Aug'24 Sep'24 Oct'24 Nov'24 Dec'24 Jan'25 POLYCAB BSE SENSEX NIFTY 50 NIFTY 500 MSCI India 1001% 196% 202% 219% 194% Market Cap in USD calculated using USD ₹ spot rate of 86 Market Cap ₹ 985 Bn (USD 11.5 Bn) (as of 21st January 2025) Market Capitalization increased at a CAGR of 46% ₹12.5+ Bn of dividend distributed to shareholders
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Polycab India Limited | Corporate Presentation Safe Harbour This Release / Communication, except for the historical information, may contain statements, including the words or phrases such as ‘expects, anticipates, intends, will, would, undertakes, aims, estimates, contemplates, seeks to, objective, goal, projects, should’ and similar expressions or variations of these expressions or negatives of these terms indicating future performance or results, financial or otherwise, which are forward looking statements. These forward looking statements are based on certain expectations, assumptions, anticipated developments and other factors which are not limited to, risk and uncertainties regarding fluctuations in earnings, market growth, intense competition and the pricing environment in the market, consumption level, ability to maintain and manage key customer relationship and supply chain sources and those factors which may affect our ability to implement business strategies successfully, namely changes in regulatory environments, political instability, change in international copper, aluminum, oil prices and input costs and new or changed priorities of the trade. The Company, therefore, cannot guarantee that the forward-looking statements made herein shall be realized. The Company, based on changes as stated above, may alter, amend, modify or make necessary corrective changes in any manner to any such forward looking statement contained herein or make written or oral forward-looking statements as may be required from time to time on the basis of subsequent developments and events. The Company does not undertake any obligation to update forward looking statements that may be made from time to time by or on behalf of the Company to reflect the events or circumstances after the date hereof. 66
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Polycab India Limited Contact us For investor relations: investor.relations@polycab.com For queries on shares & investor grievance: shares@polycab.com Website: www.polycab.com THANK YOU