According to Polycab India 's latest financial reports and stock price the company's current Operating Margin is 11.94%. At the end of 2023 the company had an Operating Margin of 12.56%.
Year | Operating Margin | Change |
---|---|---|
2023 | 12.56% | 33.22% |
2022 | 9.43% | -22.08% |
2021 | 12.10% | 0.5% |
2020 | 12.04% | 15.69% |
2019 | 10.41% | 6.38% |
2018 | 9.78% | 23.79% |
2017 | 7.90% | 2.56% |
2016 | 7.71% |
The operating margin is a key indicator to assess the profitability of a company. Higher operating margins are generaly better as they show that a company is able to sell its products or services for much more than their production costs. The operating margin is calculated by dividing a company's earnings by its revenue.