Polycab India Limited Share Price & Analysis
Price Chart
Fundamentals
Strengths
- ✓Excellent return on equity (ROE 24.5%)
- ✓Efficient capital deployment (ROCE 34.3%)
- ✓Virtually debt-free
Concerns
- ✗High premium to book value (P/B 12.1x)
- ✗Trading near 52-week high (₹9,747)
Peer Comparison
| Company | CMP | Mkt Cap | P/E | P/B | ROE % | ROCE % | D/E |
|---|---|---|---|---|---|---|---|
| BEL Bharat Electronics Limited | ₹408 | ₹3.0L Cr | 49.2 | 12.44 | 27.6 | 36.5 | 0 |
| HAL Hindustan Aeronautics Limited | ₹4,216 | ₹2.9L Cr | 31.4 | 6.87 | 24 | 32 | 0 |
| CUMMINSIND Cummins India Limited | ₹5,776 | ₹1.6L Cr | 65.3 | 18.88 | 30.2 | 39.5 | 0 |
| ABB ABB India Limited | ₹7,160 | ₹1.5L Cr | 99.4 | 19.35 | 22.4 | 29.9 | 0.01 |
| BHEL Bharat Heavy Electricals Limited | ₹387 | ₹1.4L Cr | 89.4 | 5.15 | 6.29 | 8.51 | 0.45 |
| CGPOWER CG Power and Industrial Solutions Limited | ₹938 | ₹1.4L Cr | 116 | 18.54 | 20.8 | 27 | 0.02 |
| TMCV Tata Motors Limited | ₹369 -1.19% | ₹1.4L Cr | 24.7 | 10.71 | 43.4 | — | 0.44 |
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 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 news →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
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 shares fall 3% after ₹590 crore block deal
*Polycab India shares decline 3% following a substantial block deal transaction.* A **₹590 crore** block deal has triggered selling pressure in the stock, reflecting possible stake sale or shareholder exits. Such large institutional transactions typically indicate liquidity events rather than fundamental deterioration, though traders should monitor volumes and support levels closely for intraday opportunities. 📊 *STOCKS:* $POLYCAB | 🏢 *SECTOR:* CapitalMarkets | #MEDIUMIMPACT #BlockDeal
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 ▲35.2% | ₹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 | ₹236 Cr ▲15.7% | ₹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 ▲40.5% | ₹1.3K Cr ▲39.9% | ₹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% | 84.85 ▲39.6% | 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 ▲23.9% | ₹6.5K Cr ▲20.3% | ₹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 ▲47.7% | ₹109 Cr ▼7.6% | ₹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 ▲38.8% | ₹2.7K Cr ▲53.0% | ₹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 Goods · Industrial Products