Polycab India Limited Share Price & Analysis
Price Chart
Fundamentals
Strengths
- Excellent return on equity (ROE 23%)
- Efficient capital deployment (ROCE 33.2%)
- Virtually debt-free
Concerns
- High premium to book value (P/B 10.4x)
Today's Price Action
Polycab India Limited trades at ₹8,300 with flat intraday movement. The traded volume of 15,59,219 shares matches the 20‑day average, indicating typical participation without any pronounced surge or lull. The trade remains within a tight ₹120 range.
Valuation Snapshot
The stock’s trailing P/E stands at 47.8, markedly higher than the sector’s undefined baseline, reflecting a premium earnings multiple. A return on equity of 23% underscores strong profitability relative to capital employed.
Key Levels to Watch
The current price sits near the lower third of the 52‑week range, with the 52‑week low at ₹6,660 and the high at ₹10,129, suggesting limited upside cushion. Open‑interest peaks near ₹8,350 and ₹7,250 reinforce the ₹8,300 level as a possible pivot.
Chart Pattern
A hanging‑man candlestick appeared nine sessions ago on the daily chart, followed by a dark‑cloud‑cover formation ten sessions ago, both signaling a potential shift in short‑term momentum.
Data Summary
Polycab records a P/B ratio of 0, an unusual metric that highlights the company’s market valuation relative to its book value. The sector classification as Capital Goods aligns the company with manufacturers of electrical equipment, underscoring its exposure to infrastructure spending.
Peer Comparison
| Company | CMP | Mkt Cap | P/E | P/B | ROE % | ROCE % | D/E |
|---|---|---|---|---|---|---|---|
| HAL Hindustan Aeronautics Limited | ₹4,856 | ₹3.2L Cr | 34.8 | 7.91 | 24 | 32 | 0 |
| BEL Bharat Electronics Limited | ₹405 | ₹3.0L Cr | 48.2 | 12.36 | 27.4 | 36.4 | 0 |
| TMCV Tata Motors Limited | ₹475 −0.03% | ₹1.7L Cr | 22.7 | 10.71 | 34 | 35.9 | 0.44 |
| ABB ABB India Limited | ₹7,410 | ₹1.6L Cr | 102 | 16.8 | 22.4 | 29.9 | 0.02 |
| BHEL Bharat Heavy Electricals Limited | ₹431 | ₹1.5L Cr | 61.7 | 5.74 | 6.23 | 9.14 | 0.45 |
| SIEMENS Siemens Limited | ₹3,977 | ₹1.4L Cr | 94.2 | 10.22 | 19.2 | 21.4 | 0.01 |
| CGPOWER CG Power and Industrial Solutions Limited | ₹891 | ₹1.4L Cr | 110 | 17.61 | 20.5 | 26.7 | 0.02 |
Showing 7 peers in the same sector · Sorted by market cap
Shareholding Pattern
POLYCAB · as of Mar 2026
| Category | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Promoters | 65.78% | 65.24% | 65.02% | 63.06% | 63.05% | 63.04% |
| FII | 13.41% | 11.96% | 13.63% | 13.49% | 12.76% | 11.11% |
| DII | 7.61% | 7.23% | 6.93% | 9.35% | 10.66% | 10.95% |
| Public | 13.18% | 15.58% | 14.42% | 14.11% | 13.52% | 14.90% |
Corporate Events
To consider and approve the financial results for the period ended Jun 30, 2026
Dividend - Rs 47 Per Share
To consider and approve the financial results for the period ended March 31, 2026 and recommend dividend for the financial year 2025-26
Dividend - Rs 35 Per Share
Annual General Meeting/Dividend - Rs 30 Per Share
Annual General Meeting/Dividend - Rs 20 Per Share
Latest News
All newsPolycab India announces change in management
*Polycab India announces change in management*\nPolycab India Limited has disclosed a change in its management structure through an NSE filing. The company did not specify whether the change involves the CEO or other key executives. Details on succession or new appointments are awaited.\n\n📊 *STOCKS:* $POLYCAB | 🏢 *SECTOR:* CapitalMarkets | #MEDIUMIMPACT #ManagementChange
Polycab Q4 revenue surges 27% on strong demand
*Polycab Q4 revenue surges 27% on strong demand* with consolidated revenue reaching **₹2,850 crore**, driven by robust demand across segments. Net profit rose **22% YoY** to ₹320 crore, exceeding estimates. Brokerages highlighted the company’s 'aggressive capex pipeline' as a growth catalyst, with multiple firms revising target prices higher. 📊 *STOCKS:* $POLYCAB | 🏢 *SECTOR:* CapitalMarkets | #HIGHIMPACT #Earnings
Experts recommend Sagility, Polycab for short-term gains
*Experts recommend Sagility, Polycab for short-term gains*. Analysts suggest **6 stocks** for immediate buying, including **Sagility** and **Polycab India**, citing strong technical setups and near-term momentum. The call is based on sector rotation and positive price action in the small- and mid-cap space. 📊 *STOCKS:* $SAGILITY $POLYCAB | 🏢 *SECTOR:* CapitalMarkets | #MEDIUMIMPACT #BrokerRecommendation
Polycab allots 24,640 shares
*Polycab allots 24,640 shares* following a corporate action. The allotment is part of routine equity issuance, likely linked to employee stock options or fund-raising. No immediate financial impact is expected as the number is small relative to the overall share base. 📊 *STOCKS:* $POLYCAB | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #ShareAllotment
Polycab to host analyst and investor meet
*Polycab to host analyst and investor meet* to discuss recent developments and business outlook. The event aims to enhance transparency and investor engagement. No major financial announcements or strategic shifts were disclosed. 📊 *STOCKS:* POLYCAB | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #Polycab
Polycab India announces general updates via NSE filing
*Polycab India announces general updates via NSE filing.* The company has shared routine corporate information with no specific financial or operational details disclosed. Such filings typically include administrative or compliance-related updates. Investors await further clarity on material developments. 📊 *STOCKS:* POLYCAB | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #corporateupdate
Kotak downgrades Polycab, RR Kabel, KEI to 'Sell'
*Kotak downgrades Polycab, RR Kabel, KEI to 'Sell'* due to stretched valuations and margin concerns. The brokerage cites **P/E ratios above 30x** and weak near-term demand outlook. Lower earnings visibility in the wires and cables sector prompted the negative stance. 📊 *STOCKS:* POLYCAB | RRKABEL | KEI | 🏢 *SECTOR:* CapitalMarkets | #MEDIUMIMPACT #sell-rating
Polycab India shows strong EPS growth, attracting investor interest
*Polycab India shows strong EPS growth, attracting investor interest.* The company has demonstrated robust earnings per share growth, signaling improved profitability. Investors are viewing the stock as an attractive proposition due to consistent performance and strong fundamentals. Recent analysis highlights its potential in the electrical goods segment. 📊 *STOCKS:* POLYCAB | 🏢 *SECTOR:* CapitalMarkets | #MEDIUMIMPACT #Earnings
Top brokerages see 15%-88% upside in 8 stocks
*Top brokerages are bullish on Polycab, Paytm, and Coforge, citing **15%-88%** upside potential.* Analysts highlight strong fundamentals and sector tailwinds driving optimism. Recent price targets suggest significant re-rating scope for these stocks. 📊 *STOCKS:* POLYCAB, PAYTM, COFORGE | 🏢 *SECTOR:* CapitalMarkets | #MEDIUMIMPACT #Brokerage
De Neers secures order for 35,000 tool kits from Polycab
De Neers Tools has secured an order for **35,000 electrician tool kits** from Polycab India. The development signals strong B2B demand and potential revenue boost for De Neers. Polycab’s move may reflect expansion in distribution or service offerings. This order win could positively influence near-term sentiment. 📊 *STOCKS:* DENEERS, POLYCAB | 🏢 *SECTOR:* CapitalMarkets | #MEDIUMIMPACT #OrderWin
Financials
Quarterly Results
| Metric | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹7.6K Cr 17.9% | ₹6.5K Cr 9.7% | ₹5.9K Cr 15.5% | ₹7.0K Cr 33.7% | ₹5.2K Cr 4.9% | ₹5.5K Cr 17.0% | ₹4.7K Cr 16.0% | ₹5.6K Cr |
| Op. Profit | ₹966 Cr 5.4% | ₹1.0K Cr 19.0% | ₹858 Cr 16.3% | ₹1.0K Cr 42.4% | ₹720 Cr 13.9% | ₹632 Cr 8.4% | ₹583 Cr 23.5% | ₹762 Cr |
| OPM | 13.0% 18.8% | 16.0% 6.7% | 15.0% 0.0% | 15.0% 7.1% | 14.0% 27.3% | 11.0% 8.3% | 12.0% 14.3% | 14.0% |
| Net Profit | ₹630 Cr 9.1% | ₹693 Cr 15.5% | ₹600 Cr 18.3% | ₹734 Cr 58.2% | ₹464 Cr 4.3% | ₹445 Cr 10.7% | ₹402 Cr 27.3% | ₹553 Cr |
| EPS (₹) | 41.3 9.3% | 45.54 15.8% | 39.34 18.6% | 48.31 58.8% | 30.42 4.0% | 29.24 11.0% | 26.34 27.5% | 36.34 |
Values in ₹ Cr · Source: Screener.in
Annual Profit & Loss
| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹28.9K Cr 28.9% | ₹22.4K Cr 24.2% | ₹18.0K Cr 27.9% | ₹14.1K Cr 15.6% | ₹12.2K Cr 38.8% | ₹8.8K Cr 0.4% | ₹8.8K Cr 10.6% | ₹8.0K Cr 18.0% | ₹6.8K Cr 23.1% | ₹5.5K Cr |
| Expenses | ₹24.9K Cr 27.9% | ₹19.4K Cr 25.1% | ₹15.5K Cr 26.8% | ₹12.3K Cr 12.1% | ₹10.9K Cr 42.4% | ₹7.7K Cr 0.3% | ₹7.7K Cr 9.5% | ₹7.0K Cr 16.5% | ₹6.0K Cr 20.3% | ₹5.0K Cr |
| Op. Profit | ₹4.0K Cr 35.4% | ₹3.0K Cr 18.9% | ₹2.5K Cr 35.2% | ₹1.8K Cr 45.8% | ₹1.3K Cr 13.8% | ₹1.1K Cr 1.6% | ₹1.1K Cr 18.8% | ₹950 Cr 30.3% | ₹729 Cr 51.9% | ₹480 Cr |
| OPM | 14.0% 7.7% | 13.0% 7.1% | 14.0% 7.7% | 13.0% 30.0% | 10.0% 23.1% | 13.0% 0.0% | 13.0% 8.3% | 12.0% 9.1% | 11.0% 22.2% | 9.0% |
| Other Income | ₹229 Cr 12.3% | ₹204 Cr 7.7% | ₹221 Cr 66.2% | ₹133 Cr 17.4% | ₹161 Cr 1.8% | ₹164 Cr 80.2% | ₹91 Cr 42.2% | ₹64 Cr 1.5% | ₹65 Cr 13.3% | ₹75 Cr |
| Interest | ₹243 Cr 43.8% | ₹169 Cr 56.5% | ₹108 Cr 80.0% | ₹60 Cr 71.4% | ₹35 Cr 18.6% | ₹43 Cr 14.0% | ₹50 Cr 57.3% | ₹117 Cr 24.5% | ₹94 Cr 42.4% | ₹66 Cr |
| Depreciation | ₹386 Cr 29.5% | ₹298 Cr 21.6% | ₹245 Cr 17.2% | ₹209 Cr 3.5% | ₹202 Cr 14.8% | ₹176 Cr 9.3% | ₹161 Cr 14.2% | ₹141 Cr 6.0% | ₹133 Cr 3.9% | ₹128 Cr |
| PBT | ₹3.6K Cr 33.8% | ₹2.7K Cr 14.5% | ₹2.4K Cr 38.2% | ₹1.7K Cr 43.7% | ₹1.2K Cr 12.5% | ₹1.1K Cr 4.6% | ₹1.0K Cr 33.6% | ₹756 Cr 33.3% | ₹567 Cr 57.1% | ₹361 Cr |
| Tax % | 25.0% 4.2% | 24.0% 0.0% | 24.0% 4.0% | 25.0% 8.7% | 23.0% 43.8% | 16.0% 33.3% | 24.0% 29.4% | 34.0% 8.1% | 37.0% 2.8% | 36.0% |
| Net Profit | ₹2.7K Cr 32.4% | ₹2.0K Cr 13.5% | ₹1.8K Cr 40.6% | ₹1.3K Cr 39.8% | ₹917 Cr 3.5% | ₹886 Cr 15.7% | ₹766 Cr 53.2% | ₹500 Cr 39.3% | ₹359 Cr 54.1% | ₹233 Cr |
| EPS (₹) | 177.48 32.2% | 134.28 13.1% | 118.75 40.0% | 84.8 39.5% | 60.8 2.8% | 59.15 16.0% | 50.97 44.0% | 35.39 39.6% | 25.35 53.8% | 16.48 |
| Div Payout | 26.0% 0.0% | 26.0% 4.0% | 25.0% 4.2% | 24.0% 4.3% | 23.0% 35.3% | 17.0% 21.4% | 14.0% 75.0% | 8.0% | 0.0% 100.0% | 6.0% |
Values in ₹ Cr · Source: Screener.in
Balance Sheet
| Item | Sep 2025 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
Liabilities | ||||||||||
| Equity Capital | ₹151 Cr 0.7% | ₹150 Cr 0.0% | ₹150 Cr 0.0% | ₹150 Cr 0.7% | ₹149 Cr 0.0% | ₹149 Cr 0.0% | ₹149 Cr 5.7% | ₹141 Cr 0.0% | ₹141 Cr 0.0% | ₹141 Cr |
| Reserves | ₹10.4K Cr 7.9% | ₹9.7K Cr 20.4% | ₹8.0K Cr 24.0% | ₹6.5K Cr 20.2% | ₹5.4K Cr 17.1% | ₹4.6K Cr 24.9% | ₹3.7K Cr 36.3% | ₹2.7K Cr 22.7% | ₹2.2K Cr 19.1% | ₹1.9K Cr |
| Borrowings | ₹223 Cr 10.4% | ₹202 Cr 25.5% | ₹161 Cr 15.7% | ₹191 Cr 61.9% | ₹118 Cr 58.2% | ₹282 Cr 79.6% | ₹157 Cr 42.3% | ₹272 Cr 66.0% | ₹800 Cr 6.5% | ₹856 Cr |
| Other Liabilities | ₹6.4K Cr 70.8% | ₹3.7K Cr 0.1% | ₹3.7K Cr 42.9% | ₹2.6K Cr 48.7% | ₹1.8K Cr 11.5% | ₹2.0K Cr 0.6% | ₹2.0K Cr 21.6% | ₹2.5K Cr 93.0% | ₹1.3K Cr 24.8% | ₹1.7K Cr |
| Total Liabilities | ₹17.2K Cr 24.9% | ₹13.7K Cr 13.9% | ₹12.1K Cr 28.0% | ₹9.4K Cr 27.1% | ₹7.4K Cr 5.7% | ₹7.0K Cr 17.7% | ₹6.0K Cr 5.9% | ₹5.6K Cr 26.5% | ₹4.4K Cr 2.9% | ₹4.6K Cr |
Assets | ||||||||||
| Fixed Assets | ₹3.4K Cr 12.9% | ₹3.0K Cr 28.8% | ₹2.3K Cr 13.1% | ₹2.1K Cr 23.4% | ₹1.7K Cr 10.4% | ₹1.9K Cr 31.5% | ₹1.4K Cr 11.4% | ₹1.3K Cr 6.6% | ₹1.2K Cr 6.1% | ₹1.1K Cr |
| CWIP | ₹860 Cr 21.5% | ₹708 Cr 22.5% | ₹578 Cr 130.3% | ₹251 Cr 33.1% | ₹375 Cr 278.8% | ₹99 Cr 58.9% | ₹241 Cr 24.9% | ₹193 Cr 41.9% | ₹136 Cr 17.6% | ₹165 Cr |
| Investments | ₹1.7K Cr 3.0% | ₹1.7K Cr 4.0% | ₹1.8K Cr 35.0% | ₹1.4K Cr 74.6% | ₹773 Cr 21.7% | ₹635 Cr 876.9% | ₹65 Cr 124.1% | ₹29 Cr 9.4% | ₹32 Cr 3.0% | ₹33 Cr |
| Other Assets | ₹11.2K Cr 35.5% | ₹8.3K Cr 13.0% | ₹7.3K Cr 27.3% | ₹5.8K Cr 25.5% | ₹4.6K Cr 4.0% | ₹4.4K Cr 4.2% | ₹4.2K Cr 2.5% | ₹4.1K Cr 34.0% | ₹3.1K Cr 5.2% | ₹3.3K Cr |
| Total Assets | ₹17.2K Cr 24.9% | ₹13.7K Cr 13.9% | ₹12.1K Cr 28.0% | ₹9.4K Cr 27.1% | ₹7.4K Cr 5.7% | ₹7.0K Cr 17.7% | ₹6.0K Cr 5.9% | ₹5.6K Cr 26.5% | ₹4.4K Cr 2.9% | ₹4.6K Cr |
Values in ₹ Cr · Source: Screener.in
Cash Flow Statement
| Item | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating CF | ₹1.8K Cr 39.6% | ₹1.3K Cr 9.2% | ₹1.4K Cr 178.9% | ₹512 Cr 59.1% | ₹1.3K Cr 413.1% | ₹244 Cr 80.2% | ₹1.2K Cr 239.8% | ₹362 Cr 22.3% | ₹296 Cr 33.9% | ₹221 Cr |
| Investing CF | ₹-1.2K Cr 64.8% | ₹-752 Cr 37.5% | ₹-1.2K Cr 181.7% | ₹-427 Cr 57.8% | ₹-1.0K Cr 286.3% | ₹-262 Cr 35.8% | ₹-408 Cr 117.0% | ₹-188 Cr 36.3% | ₹-295 Cr 19.4% | ₹-247 Cr |
| Financing CF | ₹-628 Cr 62.3% | ₹-387 Cr 70.5% | ₹-227 Cr 12.9% | ₹-201 Cr 14.9% | ₹-175 Cr 1690.9% | ₹11 Cr 101.7% | ₹-651 Cr 242.6% | ₹-190 Cr 1800.0% | ₹-10 Cr 122.2% | ₹45 Cr |
| Net Cash Flow | ₹-59 Cr 137.6% | ₹157 Cr 7950.0% | ₹-2 Cr 98.3% | ₹-116 Cr 275.8% | ₹66 Cr 1042.9% | ₹-7 Cr 104.1% | ₹171 Cr 1240.0% | ₹-15 Cr 87.5% | ₹-8 Cr 140.0% | ₹20 Cr |
| Free Cash Flow | ₹853 Cr 94.7% | ₹438 Cr 54.8% | ₹969 Cr 12212.5% | ₹-8 Cr 100.8% | ₹1.1K Cr 2457.8% | ₹-45 Cr 104.7% | ₹949 Cr 430.2% | ₹179 Cr 894.4% | ₹18 Cr 169.2% | ₹-26 Cr |
Values in ₹ Cr · Source: Screener.in
Key Ratios History
| Metric | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 42d 2.4% | 41d 28.1% | 32d 17.9% | 39d 35.0% | 60d 1.7% | 59d 3.3% | 61d 12.9% | 70d 12.5% | 80d 15.8% | 95d |
| Inventory Days | 86d 18.1% | 105d 1.0% | 104d 20.9% | 86d 23.9% | 113d 2.6% | 116d 9.4% | 128d | — | 134d 42.6% | 94d |
| Days Payable | 64d 22.0% | 82d 13.9% | 72d 50.0% | 48d 37.7% | 77d 6.1% | 82d 15.5% | 97d | — | 120d 18.8% | 101d |
| Cash Conv. Cycle | 64d 1.5% | 65d 0.0% | 65d 15.6% | 77d 19.8% | 96d 2.1% | 94d 3.3% | 91d 30.0% | 70d 25.5% | 94d 6.8% | 88d |
| Working Capital Days | 54d 8.5% | 59d 1.7% | 58d 13.4% | 67d 0.0% | 67d 5.6% | 71d 57.8% | 45d 21.1% | 57d 40.6% | 96d 2.1% | 94d |
| ROCE | 30.0% 3.2% | 31.0% 14.8% | 27.0% 28.6% | 21.0% 8.7% | 23.0% 20.7% | 29.0% 3.6% | 28.0% 27.3% | 22.0% 37.5% | 16.0% 5.9% | 17.0% |
Source: Screener.in · Lower days = better efficiency
Deep Dive Analysis
About Polycab India Limited
Polycab is India’s leading manufacturers of cables and wires and allied products such as uPVC conduits and lugs and glands. We have a range of cables and wires for practically every application. More recently Polycab has also launched a wide range of consumer electrical products like Fans, Switches, Switchgear, LED lights and Luminaries, Solar Inverters, and Pumps.
Capital GoodsIndustrial Products