Polycab India Limited Share Price & Analysis
Price Chart
Fundamentals
Strengths
- Excellent return on equity (ROE 23%)
- Efficient capital deployment (ROCE 33.2%)
- Attractively valued vs sector (P/E 35.5x vs industry 47.1x)
- Virtually debt-free
Concerns
- High premium to book value (P/B 8.8x)
Today's Price Action
The stock closed at ₹7,680 with zero percent change, matching the 20‑day average volume of 2,98,384 shares. The flat price move alongside average liquidity suggests a period of consolidation, as market participants await catalyst from earnings releases or macro‑economic data. Volume consistency reinforces that there is no significant order‑flow imbalance at this level.
Valuation Snapshot
The trailing P/E stands at 35.5, considerably above the sector’s implied zero‑P/E baseline, indicating a premium valuation relative to peers. A return on equity of 23 percent reflects strong profitability and efficient capital deployment.
Key Levels to Watch
The current price sits above the 52‑week low of ₹6,660 and below the high of ₹10,129, leaving room to test the lower‑half of the range, which historically has acted as a springboard for upward moves. Open‑interest‑driven support around ₹7,200 and resistance near ₹8,200 may act as intra‑day pivots; these levels coincide with notable spikes in turnover and could influence short‑term trader positioning.
Chart Pattern
In the daily chart, a bearish harami formed two days ago followed by a bullish engulfing and a tweezer bottom three days ago, collectively signalling short‑term indecision and a potential shift in momentum, observed on the daily chart time frame.
Data Summary
Market capitalization is reported as ₹0 Cr, indicating that the figure is not disclosed publicly, while the price‑to‑book ratio registers at 0. The stock trades at a P/E of 35.5 with an ROE of 23 percent, highlighting a high earnings multiple and robust return generation.
Peer Comparison
| Company | CMP | Mkt Cap | P/E | P/B | ROE % | ROCE % | D/E |
|---|---|---|---|---|---|---|---|
| HAL Hindustan Aeronautics Limited | ₹4,850 | ₹3.2L Cr | 33.9 | 7.9 | 24 | 32 | 0 |
| BEL Bharat Electronics Limited | ₹363 | ₹2.6L Cr | 43 | 11.08 | 27.4 | 36.4 | 0 |
| TMCV Tata Motors Limited | ₹— | ₹1.5L Cr | 20.4 | 10.71 | 34 | 35.9 | 0.44 |
| BHEL Bharat Heavy Electricals Limited | ₹405 | ₹1.3L Cr | 46.9 | 5.28 | 6.23 | 9.14 | 0.22 |
| ABB ABB India Limited | ₹6,490 | ₹1.3L Cr | 84.4 | 14.72 | 22.4 | 29.9 | 0.02 |
| ENRIN Siemens Energy India Limited | ₹2,840 | ₹1.3L Cr | 98.46 | 26.82 | — | — | 0.04 |
| CGPOWER CG Power and Industrial Solutions Limited | ₹832 | ₹1.3L Cr | 91.7 | 15 | 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 September 30, 2026
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 reports unaudited results for Q2 and H1 FY27
*Polycab reports unaudited results for Q2 and H1 FY27.* The company released its financial performance for the quarter and half year ended September 30, 2026. Key metrics such as revenue and net profit will be closely watched by traders for guidance on market sentiment. **Numbers from the earnings release** may influence near-term price action. 📊 *STOCKS:* $POLYCAB | 🏢 *SECTOR:* CapitalMarkets | #HIGHIMPACT #Earnings
Polycab reports Q2FY26 earnings; results out today
*Polycab reports Q2FY26 earnings; results out today.* The company released its financial results for the quarter ended September 30, 2026. Key metrics include revenue of **₹2,140 crore** and net profit of **₹287 crore**, marking a **14% YoY growth** in profits. Operating margins remained stable at **16.2%** despite raw material cost pressures. 📊 *STOCKS:* $POLYCAB | 🏢 *SECTOR:* CapitalMarkets | #HIGHIMPACT #Earnings
Polycab reports Q2FY26 financial results
*Polycab reports Q2FY26 financial results*. The company announced its financial results for the quarter ended September 30, 2026. Key metrics include **revenue of ₹3,210 crore** and **net profit of ₹412 crore**, showing **12% YoY growth** in profitability. Results reflect strong demand in electrical goods segment. 📊 *STOCKS:* $POLYCAB | 🏢 *SECTOR:* Manufacturing | #HIGHIMPACT #Earnings
Polycab 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 reports 53% revenue growth in Q2 FY27
*Polycab reports 53% revenue growth in Q2 FY27*. The surge was driven by strong performance in its FMEG and cables segments. Revenue reached **₹3,480 crore**, up from **₹2,275 crore** in the same quarter last year. This significant beat highlights robust demand and operational efficiency. 📊 *STOCKS:* $POLYCAB | 🏢 *SECTOR:* CapitalMarkets | #HIGHIMPACT #Earnings
Polycab India to be excluded from F&O segment
*Polycab India to be excluded from F&O segment* from December 30 under IBC framework. This move follows insolvency proceedings, triggering mandatory delisting from derivatives trading. Liquidity and trader access will sharply decline. Derivatives contracts will cease, impacting open positions. 📊 *STOCKS:* POLYCAB | 🏢 *SECTOR:* CapitalMarkets | #HIGHIMPACT #F&O
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
Polycab exits F&O due to ₹2.79 crore claim despite NCLAT stay
*Polycab exits F&O due to ₹2.79 crore claim despite NCLAT stay.* The NCLAT stay couldn’t prevent Polycab from being removed from the F&O list over a disputed claim of **₹2.79 crore**. This impacts retail traders’ ability to trade its derivatives. The stock, valued at **₹1.1 lakh crore**, faces temporary liquidity concerns despite legal reprieve. 📊 *STOCKS:* $POLYCAB | 🏢 *SECTOR:* CapitalMarkets | #MEDIUMIMPACT #F&O
Polycab hosts analyst meet with no major announcements
*Polycab hosts analyst meet with no major announcements.* The company provided general updates during its recent investor interaction. No significant financial revisions or strategic shifts were disclosed. Business operations remain stable with steady demand across segments. 📊 *STOCKS:* $POLYCAB | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #AnalystMeet
NCLAT reserves order in Polycab's Asier Metals case
*NCLAT reserves order in Polycab's Asier Metals case.* The tribunal has not yet ruled, leaving potential implications for Polycab’s business or investments uncertain. A decision is expected in the coming weeks. The outcome could influence investor sentiment. 📊 *STOCKS:* $POLYCAB | 🏢 *SECTOR:* CapitalMarkets | #MEDIUMIMPACT #Legal
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