Slide 1: Exchange filing cover letter for corporate presentation
Date: 06th May 2025 To To Department of Corporate Services Listing Department BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, C-1, G-Block, Bandra-Kurla Complex Dalal Street, Mumbai, MH - 400001 Bandra (E), Mumbai, MH - 400051 Scrip Code: 542652 Scrip Symbol: POLYCAB
Slide 2: Corporate Presentation May 2025
Corporate Presentation May 2025
Slide 3: Content
Content ❑ Company Overview ❑ Macro Opportunities ❑ Leadership in Wires & Cables ❑ Well Established FMEG Business ❑ Strengthening Brand Recognition ❑ Strong Manufacturing and R&D capabilities ❑ Robust Financials ❑ Project Spring ❑ ESG ❑ Corporate Governance ❑ CSR ❑ Shareholding Pattern
Slide 4: Company Overview
Company Overview Polycab India Limited | Corporate Presentation 3
Slide 5: Polycab: A Snapshot
Polycab: A Snapshot #1 Manufacturer in India PAN India Network Well-footed FMEG player Market leader in Wires & Cables1 4,300+ Dealers & 9-year CAGR at 25% ~26-27% Share of Organized Distributors Market2 Well balanced product 2,00,000+ Retail Outlets portfolio: 5,400 SKUs Manufacturing Footprint Str
Slide 6: Our Journey
Our Journey Promoters Set up a facility Investment from Forayed into the Manufacturing of Commenced Long-term bank established IPO: Listing on for PVC insulated IFC of ₹ 4,018 Mn switches segment ceiling fans at BSE & NSE on 16 manufacturing facilities rating the business power cables house Roorkee,
Slide 7: Our Segments: An Overview
Our Segments: An Overview % of External Sales 84% Wires & Cables FY 25 Total 7% Revenue Fast Moving Electrical ₹ 224,083 Mn Goods 9% Engineering Procurement & Construction Polycab India Limited | Corporate Presentation 6
Slide 8: Key Management Initiatives to Create Value
Key Management Initiatives to Create Value Enhance Brand Awareness and Customer Loyalty Scale up International Business Improvement in Supply Chain Focus on Profitable growth Expansion of Manufacturing Capacity Governance & Performance based Culture Improvement in Production Process Working on Susta
Slide 9: i-POWER
i-POWER Purpose Values Connecting all to a brighter future Innovative mindset Giving wings to novel ideas Our innovative, safe and energy efficient products and Caring about our people and People at the core solutions delight our customers their growth Serving to create delightful Our vibrant and in
Slide 10: Macro Opportunities
Macro Opportunities Polycab India Limited | Corporate Presentation 9
Slide 11: Indian Wires & Cables Industry is Poised for Sustained Growth
Indian Wires & Cables Industry is Poised for Sustained Growth Indian Wires & Cables Industry projected to grow ~1.5-2x Real GDP (vs ~1.5x Real GDP historically) Indian Wires & Cables Market (₹ Bn): Key Demand Drivers: Robust Domestic Demand • Government’s thrust on infrastructure ~1.5-2x GDP • Incre
Slide 12: Power T&D expected to attract investments of ₹ 9 Tn+ over next 7 years
Power T&D expected to attract investments of ₹ 9 Tn+ over next 7 years India Installed Power Capacity (GW) Expected Addition in Transmission Lines Energy 777 41 80 140 Power T&D and Renewable 470 Energy Network Expansion 64 49 103 280 Driving Industry Growth 277 8.8 256 FY25 FY30E FY25 FY30E Other R
Slide 13: Government plans to increase Manufacturing Contribution to GDP to 25%
Government plans to increase Manufacturing Contribution to GDP to 25% (from 16% in FY24) PLI Scheme: Key Achievements More than 720 Manufacturing companies have the potential to generate Production Linked Opportunities an additional Incentive Schemes (PLI) Ahead revenue of US$459 and ‘Make-In-India’
Slide 14: Indian Real Estate Sector is expected to be $1Tn by 2030
Indian Real Estate Sector is expected to be $ 1Tn by 2030 from $200 Bn in 2021 (19.5% CAGR) Rapid Urbanization Fuels Residential Demand India Office Space – New Supply (Mn Sq Ft) Real Estate Cities With 1 Mn Plus Population Urbanization in India 58 48 Residential & Commercial 76 74 43% 40% 38 Real E
Slide 15: Growth led by public capex; Sunrise Sectors (EV, Data Centers)
Growth led by public capex; Super Normal Growth in Sunrise Sectors (EV, Data Centers etc.) EV Outlook (2W & 4W in ‘000) Data Center Capacity (in MW) Mobility 10,000 2000-2,300 Mobility Infrastructure Under Massive 3,000-4000 900-950 Transformation to Support 350 Economic Growth FY25E FY30E FY19 FY24
Slide 16: Global Wires & Cables Industry
Global Wires & Cables Industry Global Wires & Cables Industry projected to grow at ~7.4% to reach $410 Bn by 2030 Key Demand Drivers China + 1 Policy Data Centers and Digitization • Global Companies looking to diversify their supply • Global Data Center investments will be on a high chain away from
Slide 17: India's Growth Story to Propel FMEG Industry
India’s Growth Story to Propel FMEG Industry India’s Favorable Demographics & Macro-Economics to Drive Discretionary Spending India to Become 3rd Largest Economy, after USA & China India’s GDP to cross $5Tn mark by FY28 Increase in Worker Population Ratio (WPR), thus lowering dependency ratio Nomina
Slide 18: Leadership in Wires & Cables
Leadership in Wires & Cables Polycab India Limited | Corporate Presentation 17
Slide 19: Market Leader in Wires & Cables With a Diverse Portfolio
Market Leader in Wires & Cables With a Diverse Portfolio Polycab is the largest Wires and Cables manufacturer in India, with a Wide Customer Base across Industries… strong suite of products… Optical Fiber Power Cable Building Wires Power Oil and Gas Construction Cable FR (Flame Retardant) IT Park In
Slide 20: Dominant Position in Wires and Cables Industry
Dominant Position in Wires and Cables Industry Market Size ~ ₹ 900 Bn (~40–45% of the electrical equipment industry) Healthy Market Share Gains in Wires & Cables over the past few years Market Share in FY25(1) FY25 Wires & Cables Revenue(2) 26-27% 19-20% Polycab 189 Peer 1 92 2.1x Peer 2 72 2.6x Org
Slide 21: Powering India's Development
Powering India’s Development Bengaluru Metro JW Marriot Hotel Godrej Panvel City Commercial & Urban Specialized Projects Infrastructure Defence (Airforce Station, Yelahankha) Development • Kasara Ghat • Metro (Bengaluru Metro) • Government (Siddharth Nagar Tunnel • Hotel (JW Marriot– Mumbai) Collect
Slide 22: Economic Moat in Wires & Cables Business
Economic Moat in Wires & Cables Business Only Manufacturer of all types of Wires & Cables in India Polycab has the most extensive range of wires and cables in India, with ~9,700 SKUs and global certifications Strong Channel Relationships Superior Quality Products Strong relationships with channel pa
Slide 23: Opportunities in Focus
Opportunities in Focus Supply Chain Diversification Certifications & Approvals Setting up Distribution Network India gaining from global Actively working on Looking to replicate distribution International Business search for supply chain certifications and product approvals for new countries. networ
Slide 24: Well Established FMEG Business
Well Established FMEG Business Polycab India Limited | Corporate Presentation 23
Slide 25: FMEG: Expanding presence in 'Electricals' ecosystem
FMEG: Expanding presence in ‘Electricals’ ecosystem FMEG is now a sizeable part of the business - growing at 25% CAGR in past 9 years Mobile App Forayed in FY14 ... ▪ Diversified portfolio with focus on the upcoming industry trends ▪ In-house Manufacturing ▪ Strong Backward Integration ▪ Pan India D
Slide 26: High Growth Opportunity in the Indian FMEG Industry
High Growth Opportunity in the Indian FMEG Industry Macro drivers include evolving consumer aspirations, increasing awareness, rising income, rural electrification, urbanisation, digital connectivity, smart home solutions Fans & Appliances Switches LV Switchgear Lighting ₹ 165 Bn ₹ 100 Bn ₹ 27 Bn ₹
Slide 27: Growth Engine
Growth Engine Distribution Expansion Premiumization Increased focus on whitespaces where Leveraging product innovation and Polycab currently has little or no presence. brand building activities to drive sales Adopting alternate sales platforms like e- of premium products, which are commerce, modern
Slide 28: Multi Format Retail Approach: Polycab Galleria, Arena & Shoppee
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 ❑ Equi
Slide 29: Strengthening Brand Recognition
Strengthening Brand Recognition Polycab India Limited | Corporate Presentation 28
Slide 30: Strong Brand Recognition in the Electricals Industry
Strong Brand Recognition in the Electricals Industry Our Brand Journey from B2B to B2C ‘Connection Zindagi Ka’ was a hit with customers- the impactful narrative with their minds and hearts Polycab and CNBC- TV18 initiative Corporate Ayushmann about Electrical Official Partner Commercial, Khurana (Ac
Slide 31: Strengthened Further Using Multi-Pronged Approach
Strengthened Further Using Multi-Pronged Approach Advertising and Sales Promotion Expenses ( ₹ Mn) 1,209 163 FY14 FY25 Multi-pronged Actively engage Loyalty Points via Increased Advertising approach to increase Dealers and Experts Program on Social Media and brand awareness Distributors Sales Promot
Slide 32: Pan-India Distribution Network
Pan-India Distribution Network to Support Diverse Customer Base and Product Categories By Product By Geography 27% West 22% 22% Wire & Cables South 4,300+ authorized dealers & distributers FMEG North Common 52% 21% East 25% 31% ~3,400 FMEG dealers and distributors pan- India 2,00,000+ retail outlets
Slide 33: Catering to Marquee Customers
Catering to Marquee Customers Total Revenue Contribution in FY25 Oil & Gas Top Customer 4% Top 5 Customers 14% Metal Export Top 10 Customers 22% Rest of the 78% Infrastructur Customers e Paints Revenue from International Business (% of total revenue) Chemicals Auto 12.4% 9.8% Cement Telecom 8.5% 8.0
Slide 34: Strong Manufacturing and R&D Capabilities
Strong Manufacturing and R&D Capabilities Polycab India Limited | Corporate Presentation 33
Slide 35: Inhouse Manufacturing with Backward Integration and Automation
Inhouse Manufacturing with a High Degree of Backward Integration and Automation… Multi-location manufacturing (Products1; Annual capacity) Roorkee Fans 3.0 Mn Halol Fan Manufacturing Unit Halol& Daman Wires & Cables 6 Mn kms Fans 6 Mn Nashik Switches 10 Mn Switchgears 24.0 Mn Pipes & Conduits: 24,00
Slide 36: Strong R&D & Innovation Capabilities with Quality Assurance
…Strong R&D & Innovation Capabilities with Quality Assurance Investments in in-house R&D capabilities with strong focus on Our Ecological Initiative backward integration • NABL ISO 17025 certified R&D centre to support own manufacturing • ~90 engineers and technicians Suprema Wire BLDC Fan • Centre
Slide 37: Robust Financials
Robust Financials Polycab India Limited | Corporate Presentation 36
Slide 38: Proven Track Record of Financial Performance
Proven Track Record of Financial Performance Revenue (₹ Mn) EBITDA (₹ Mn) EBITDA Margin % PAT (₹ Mn) PAT Margin % 12.8% 12.6% 13.1% 13.8% 13.2% 9.1% 10.0% 9.1% 11.9% 8.7% 8.4% 10.3% 6.3% 6.9% 2,24,083 29,602 20,455 1,80,394 24,918 18,029 1,41,078 1,22,038 18,429 12,831 79,856 88,300 87,922 12,626 7,
Slide 39: Proven Track Record of Financial Performance
Proven Track Record of Financial Performance ROCE/ROE (%) Debt/Equity ratio (times) Improving returns and surplus ROCE ROE ROCE Post Tax cash to fuel future growth 0.10x 29.6% 28.7% 27.9% 26.4% 25.9% 22.6% 21.7% 20.0% 20.7% 20.4% 19.4% 18.5% 0.05x 15.4% 15.4% 21.9% 0.04x 19.9% 20.6% 19.2% 17.5% 0.02
Slide 40: Consolidated Profit and Loss Statement
Consolidated Profit and Loss Statement Particulars ( ₹ Mn) FY 2025 % FY 2024 % FY 2023 % Revenue from Operation 2,24,083 100.0% 1,80,394 100.0% 1,41,078 100.0% Cost of Goods sold 1,68,300 75.1% 1,32,803 73.6% 1,05,109 74.5% 39 Contribution (A) 55,783 24.9% 47,591 26.4% 35,969 25.5% Employee cost 7,3
Slide 41: Consolidated Balance Sheet
Consolidated Balance Sheet Particulars ( ₹ Mn) FY 2025 FY 2024 FY 2023 Particulars (₹ Mn) FY 2025 FY 2024 FY 2023 Assets Equity & Liabilities Non-Current Assets Shareholder's Funds 40 Fixed Assets 37,193 29,160 23,177 Share Capital 1,504 1,502 1,498 Non-current Deposits 465 58 6 Reserves and Surplus
Slide 42: Consolidated Annual Cash Flow Statement
Consolidated Annual Cash Flow Statement Particulars ( ₹ Mn) FY 2025 FY 2024 FY 2023 Net Cash Flow from Operating Activities 18,085 12,962 14,275 Net cash flow from/(used in) investing activities -12,393 -7,519 -12,026 Net cash flow from/(used in) financing activities -6,283 -3,874 -2,271 Net Increas
Slide 43: Pillars of Financial Assurance: Auditors & Credit Ratings
Pillars of Financial Assurance: Auditors & Credit Ratings 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 Credit ratings Rating Agency Long Term Rating Short Term Rating
Slide 44: Key Highlights
Key Highlights Top-line Operating Profitability Profitability (PAT) Top-line (Revenue) (Revenue) Operating (EBITDA) (EBITDA) Profitability (PAT) (PAT) Q4 FY25: 69,858 Mn Q4 FY25: 10,254 Mn Q4 FY25: 7,344 Mn 25% YoY 35% YoY 33% YoY 34% QoQ 42% QoQ 58% QoQ FY25: 2,24,083 Mn FY25: 29,602 Mn FY25: 20,45
Slide 45: Consolidated Profit and Loss Statement
Consolidated Profit and Loss Statement Quarter Year To Date Particulars (₹ Mn) Q4 FY25 % Q3 FY25 % Q4 FY24 % FY25 % FY24 % Revenue from Operations 69,858 100.0% 52,261 100.0% 55,919 100.0% 2,24,083 100.0% 1,80,394 100.0% Cost of Goods sold 52,053 74.5% 38,807 74.3% 41,792 74.7% 1,68,300 75.1% 1,32,8
Slide 46: Consolidated Balance Sheet
Consolidated Balance Sheet Particulars (₹ Mn) Mar-25 Dec-24 Mar-24 Particulars (₹ Mn) Mar-25 Dec-24 Mar-24 Assets Equity and Liabilities Non-current Assets Shareholder’s Funds Fixed Assets 37,193 35,544 29,160 Share Capital 1,504 1,504 1,502 Non-current Deposits 465 103 58 Reserves and Surplus 96,74
Slide 47: Consolidated Cash Flow Statement
Consolidated Cash Flow Statement Quarter Year To Date Particulars (₹ Mn) Q4 FY25 Q3 FY25 Q4 FY24 FY25 FY24 Net Cash Flow from Operating Activities 9,315 -4,519 5,085 18,085 12,962 Net cash flow from/ (used in) investing activities -7,176 4,389 -4,549 -12,393 -7,519 Net cash flow from/ (used in) fina
Slide 48: Other Financial Metrics
Other Financial Metrics Average Closing Working Capital Days Q4 FY25 Q3 FY25 Q4FY24 FY25 FY24 Q4 FY25 Q3 FY25 Q4FY24 FY25 FY24 Receivable Days 38 34 33 38 33 42 41 41 42 41 Inventory Days 80 94 91 80 91 79 101 101 79 101 Payable Days* 73 77 81 73 81 72 89 94 72 94 Net Working Capital 44 51 44 44 44
Slide 49: Project Spring
Project Spring Polycab India Limited | Corporate Presentation 48
Slide 50: Project LEAP: Goals Achieved Ahead of Committed Timeline
Project LEAP: Goals Achieved Ahead of Committed Timeline Polycab achieved its FY26 revenue target in FY25 itself prompting the need to establish a new growth objective FY21: Launched Project LEAP FY25: Completed Project LEAP Pillars of FY25 Achieved: ₹ 224 Bn Sales Project LEAP FY26 Target: ₹ 200 Bn
Slide 51: New Beginning: Project Spring
New Beginning: Project Spring S P R I N G Solidifying Innovation & Ramp-Up Market Propelling B2C Automation - Nurture Talent & Growing ESG International Leadership in Expansion Led Holistic Capabilities Integration Business B2B Development Driving Value Creation Across All Aspects of the Business Po
Slide 52: Pillars of Project Spring
Pillars of Project Spring A Multi-Year Journey Towards a Brighter, More Prosperous Future ❖ Transition to industry-focused verticals structure Leadership in Solidifying ❖ Pivoting from Product to Solutions Market B2B ❖ Secondary sales through focused demand generation ❖ Creating and Executing Winnin
Slide 53: Pillars of Project Spring
Pillars of Project Spring A Multi-Year Journey Towards a Brighter, More Prosperous Future ❖ Elevate R&D Investments for Product Innovation Automation - Development Innovation & Led Holistic ❖ Optimize Supply Chain ❖ Digitization of processes across stakeholders Nurture Talent & ❖ Automation led Manu
Slide 54: Guidance for Next Years
Guidance for Next 5 Years W&C Business FMEG Business Cash Flow Guidance ~1.5x 1.5x - 2x ₹ 60 – 80 Bn of Market Growth in of Market Growth in Capex Core segments FMEG 11 – 13% 8 - 10% >30% Wires & Cables FMEG Dividend EBITDA EBITDA Payout Ratio >10% Contribution from Exports W&C: Wires & Cables; FMEG
Slide 55: ESG
ESG Polycab India Limited | Corporate Presentation 54
Slide 56: Polycab ESG: Journey so far
Polycab ESG: Journey so far 2024 2020 2022 • Materiality • GHG Annual Report 2021 Assessment 2023 Inventorization 2025 + Business • GRI Limited • BRSR Core- Responsibility Assurance Reasonable Report (BRR) • 1st BRSR Report Assurance • Appointed Chief Sustainability 1st Integrated • Set Near-Term Of
Slide 57: Polycab ESG: Materiality Matrix & Governance Mechanism
Polycab ESG: Materiality Matrix & Governance Mechanism • Our innovative, safe and energy efficient products and solutions delight our customers Polycab’s Purpose – • Our vibrant and inclusive culture leads to deep connections, value creation and growth for our “Connecting All to a Brighter Future“ P
Slide 58: Polycab ESG: Goals for 2030
Polycab ESG: Goals for 2030 Environment 50% Zero At least 1 Achieve 30% Renewable Electricity Waste to Landfill Net Zero Product Recycled water Consumption Usage 11% 30 Aim for To touch cumulative Social Zero Harm 1 million Permanent women Hours Training Reduce employee and employees per employee pe
Slide 59: Corporate Governance
Corporate Governance Polycab India Limited | Corporate Presentation 58
Slide 60: Leadership Team - Board of Directors
Leadership Team - Board of Directors `` Inder T Jaisinghani Bharat A Jaisinghani Nikhil R Jaisinghani Gandharv Tongia Vijay Pandey Chairman and Managing Director Executive Director Executivee Director Executive Director & CFO Executive Director R C R S R S R C S C TP Ostwal RS Sharma Sutapa Banerjee
Slide 61: Leadership Team - Management
Leadership Team - Management ▪ 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 Anil Hariani A
Slide 62: CSR
CSR Polycab India Limited | Corporate Presentation 61
Slide 63: Our Social Responsibility – A Philosophy of Empathetic Care
Our Social Responsibility – A Philosophy of Empathetic Care Health Education Rural development Set-up malnutrition camps for girls of Construction and renovation of Promoting natural farming to 7 yrs to 19 yrs; provided nutrition Anganwadis enhance soil health, reduce chemical supplements use, and i
Slide 64: Shareholding Pattern
Shareholding Pattern Polycab India Limited | Corporate Presentation 63
Slide 65: Shareholding Pattern: Q4 FY25
Shareholding Pattern: Q4 FY25 15% Promoter 3% FII DII 8% QIB + AIF Others 11% 63% Note: As on 31st March 2025. DII (Domestic Institutional Investors) includes “Mutual Funds”. FII (Foreign Institutional Investors) includes "Foreign Portfolio - Corp" and "Foreign Corporate Bodies". QIB/ AIF stands for
Slide 66: Shareholder Returns Since Listing
Apr'19 May'19 Jun'19 Jul'19 Aug'19 Sep'19 Oct'19 Nov'19 Dec'19 Jan'20 Feb'20 Mar'20 Market Cap Apr'20 May'20 (as of 05th May 2025) Jun'20 Jul'20 Aug'20 Sep'20 Oct'20 ₹ 872 Bn (USD 10.2 Bn) Nov'20 Dec'20 Jan'21 Polycab India Limited | Corporate Presentation POLYCAB Feb'21 Mar'21 Market Cap in USD cal
Slide 67: Safe Harbour
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 expression
Slide 68: Thank You
THANK YOU 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