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POLYCAB · NSE · Cables - Electricals

Polycab India Ltd

What the numbers mean, from its filings and the exchange. Data as of 12 Oct 2026.
Large Cap · AMFI list Jan-Jun 2026 · Vendor sector: Technology
cheap low confidence No valuation within 120 days; P/E 43.2 vs peers 47.8 (4th of 10); P/B 8.7 vs peers 8.8 (5th of 10).
Statements through FY2026Prices adjusted for corporate actionsNot yet reviewed by the adversarial model

What is Polycab India's share price today?

Polycab India last traded at ₹8,405.00 on the NSE, as of 12 Oct 2026, 11:00 pm IST, up 1.8% on the day, up 7.4% over a year. Its 52-week range is ₹6,663 to ₹10,126. The live price is in the app.

₹8,405.00 +1.8% today
+7.4% over 1 year · NSE, as of 12 Oct 2026, 11:00 pm IST
60 month-end closes, 31 Oct 2021 to 30 Sep 2026, adjusted for splits and bonuses
52-week range50% of the way up
Low ₹6,663High ₹10,126

What is Polycab India's market cap?

Polycab India's market capitalisation is about ₹1.24 lakh crore: what it would cost to buy every share at today's price. That makes it the 78th largest large cap company we cover.

₹1.2 L Cr Large Cap78th largest large cap company
Large Cap means the 100 largest listed companies, under SEBI's rules. Shares in issue are worked out from the market cap and the price. What market cap tells you →

Key facts

From the exchange
Symbol
NSE: POLYCAB
ISIN
INE455K01017
Cap bucket
Large Cap, 78th largest by market cap
Industry (NSE)
Industrials › Capital Goods › Industrial Products › Cables - Electricals
Listed since
2019
Futures and options
Traded

Is Polycab India overvalued?

Cheap, with low confidence: no valuation within 120 days; P/E 43.2 vs peers 47.8 (4th of 10); P/B 8.7 vs peers 8.8 (5th of 10).

Valuation

Latest price and trailing 12 months
P/E 43.20
vs peers 47.8 · 4th of 10
Price divided by last year's earnings per share: how many years of today's profit you pay for. Learn more →
P/B 8.70
vs peers 8.8 · 5th of 10
Price divided by book value per share: what you pay for each rupee of net assets on the balance sheet. Learn more →
Market cap ₹1.24 lakh Cr
Total market value of all shares, in ₹ crore. Learn more →
Dividend yield 0.7%
vs peers 0.5% · 3rd of 7
Last year's dividends as a share of today's price. Learn more →
PEG (vendor) 0.99
vs peers 3.8 · 1st of 10
P/E divided by the vendor's earnings growth figure, which it does not disclose; a P/E adjusted for how fast profits grow. Learn more →
PEG on our 3-year EPS growth 1.55
P/E divided by the 3-year EPS growth rate from the stored accounts. Learn more →
3 models could be judged
Skipped — Fair value, EPV, Graham number, Graham value, Lynch, Owner earnings: no valuation stored

Our valuation range

🔒 Pro
Value range, implied growth at today's price, and the nine models behind it: in the app.

Is Polycab India a quality business?

Quality score 63, 5th of 10 in its peer set; WATCH on 30 of 30 flags judged.

Quality and risk

Data as of 12 Oct 2026
Business quality Not available
The kind of business, which sets the yardstick it is judged by. Learn more →
Quality score 63
vs peers 56.5 · 5th of 10
Returns, margins, leverage and consistency against its peers, out of 100. Learn more →
Risk level WATCH
30 of 30 flags judged
From flags on debt, earnings quality, dilution and price swings. Learn more →

Profitability

ROE 24.1%
vs peers 16.2% · 2nd of 10
Return on equity: profit as a share of shareholders' money. Learn more →
ROCE 33.5%
vs peers 21.0% · 2nd of 10
Return on capital employed: operating profit as a share of all the capital in the business, debt and equity. Learn more →
Profit margin 9.1%
vs peers 9.0% · 5th of 10
Profit after everything, as a share of revenue. Learn more →
EPS ₹179.90
Trailing 12 months
Profit for each share over the last 12 months.

Scorecard

🔒 Pro
Health scores and red flags with their values and history: in the app.
See the scorecard →
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Has Polycab India made money for shareholders?

Yes: +7.4% over one year and +27.4% a year over five years.

Shareholder returns

1-year return +7.4%
Price only
What the share price did over the last 12 months. Learn more →
5-year return +27.4% a year
Price only
Yearly average price return over five years, bonuses and splits adjusted. Learn more →
Wealth destroyer No
Five-year total return — price CAGR on bonus- and split-adjusted closes plus the dividend yield — below the 7% a bank fixed deposit paid. Learn more →

Returns

3Y and 5Y are yearly averages
1W
+2.2%
1M
+1.4%
3M
−11.3%
6M
+9.4%
1Y
+7.4%
3Y
+17.7%
5Y
+27.4%

Does Polycab India pay a dividend?

Yes. Polycab India's dividend yield is 0.69% at the latest price; the last payout was ₹47.00 a share, ex-dividend 19 Jun 2026.

Dividends

Per share, by ex-dividend date
Dividend yield0.69%
The past 12 months' dividends as a share of today's price.
19 Jun 2026 · Final₹47.00
24 Jun 2025 · Final₹35.00
9 Jul 2024 · Final₹30.00
21 Jun 2023 · Final₹20.00
21 Jun 2022 · Final₹14.00
Payout ratio🔒 In the app
The share of profit paid out as dividends; a very high share leaves little to reinvest.
Dividend growth, 5 years🔒 In the app
How fast the dividend per share has grown a year.
Years without a miss🔒 In the app
How many years in a row a dividend has been paid.

Is Polycab India growing?

Revenue 3 years 26.9% a year; profit 3 years 28.1% a year; revenue 5 years 20.5% a year.

Growth

Statements through FY2026 (Mar-26)
Revenue 3 years 26.9% a year
vs peers 15.5% · 2nd of 10
Compound annual growth of revenue over three years. Learn more →
Profit 3 years 28.1% a year
vs peers 23.3% · 3rd of 10
Compound annual growth of net profit over three years. Learn more →
Revenue 5 years 20.5% a year
Compound annual growth of revenue over five years. Learn more →
Profit 5 years 25.8% a year
Compound annual growth of net profit over five years. Learn more →
EPS 3 years 27.9% a year
Growth in earnings per share, so dilution counts against the company. Learn more →
EPS 5 years 24.6% a year
Growth in earnings per share over five years, so dilution counts against the company. Learn more →
P/E vs own history -4.7%
vs peers -1.1% · 4th of 10
Today's P/E against its own 5-year median; negative is cheaper than its history. Learn more →

How did Polycab India do last quarter?

Polycab India reported revenue of ₹8,210 Cr, up 28.9% on a year earlier and a net profit of ₹797 Cr, up 32.4% in the Jun 2026 quarter.

Latest quarter

Jun 2026
Revenue, latest quarter₹8,210 Cr
+28.9% on a year earlier
What the company took in over the quarter.
Net profit, latest quarter₹797 Cr
+32.4% on a year earlier
What was left for shareholders after every cost and tax.

How does Polycab India compare with its peers?

Compared with 9 Industrial Products (the industry, as the basic industry was too small); 4th of 10 on P/E; 5th of 10 on quality score.

Compared with 9 Industrial Products (the industry, as the basic industry was too small)

9 companies

Polycab India against its peers

Largest 9 of 9 peers, by market cap
CompanyMarket capP/EP/BROEROCE1YQuality 🔒Rank 🔒
Polycab India Ltd₹1.2 L Cr43.28.724.1%33.5%+7.4%
Cummins India Ltd₹1.3 L Cr56.615.831.2%39.6%+22.1%
Welspun Corp Ltd₹69,651 Cr30.14.216.2%20.3%+212.5%
APL Apollo Tubes Ltd₹58,700 Cr47.815.416.7%21.0%+21.4%
Supreme Industries Ltd₹44,139 Cr42.88.817.5%23.0%−18.5%
KEI Industries Ltd₹43,833 Cr44.05.814.8%19.8%+6.3%
Astral Ltd₹37,874 Cr65.810.515.9%22.1%−0.8%
PTC Industries Ltd₹36,784 Cr292.916.52.5%3.5%+49.4%
AIA Engineering Ltd₹34,880 Cr27.64.317.6%21.9%+15.6%
Kirloskar Oil Engines Ltd₹32,176 Cr58.85.814.6%18.1%+150.0%
Peer median—47.88.816.2%21.0%+21.4%
Market cap in rupees crore; P/E and P/B on the latest price; 1Y is the price return over a year. A dash is a figure that does not apply or is not reported.

Full peer comparison

🔒 Pro
Every peer, every figure, the ranks and the quality and forensic scores side by side: in the app.

Who owns Polycab India?

Polycab India is held by promoters 61.5%, foreign institutions 19.0%, domestic institutions 7.6%.

Shareholding pattern

Latest filing, percent of shares
Promoters61.5%
The founders and controlling group.
Foreign institutions19.0%
Overseas funds investing through the FPI route.
Domestic institutions7.6%
Indian insurers, banks, pension and mutual funds together.
Mutual funds4.8%
Indian mutual fund schemes; part of domestic institutions.
Retail and others5.7%
Individual investors and everyone else.
Promoter shares pledged🔒 In the app
Promoter shares given as collateral for loans; a high share is a risk to watch.
Holding trend🔒 In the app
Whether promoters, foreign funds and mutual funds have been adding or selling over recent quarters.

What do analysts say about Polycab India?

32 analysts cover Polycab India, and the consensus is buy. A consensus is a count of opinions, not a forecast; read it beside the numbers.

Analyst consensus

32 analysts
ConsensusBuy
The rating most covering analysts give the share.
Average target price🔒 In the app
The mean of the analysts' 12-month price targets.
Upside to target🔒 In the app
How far the target sits above or below today's price.
Share rating it a buy🔒 In the app
The share of covering analysts with a buy rating.

What does Polycab India do and what is it sensitive to?

Polycab India sells wires and cables, FMEG products (fans, lights, switchgear, switches, conduit pipes and fittings, solar inverters) and EPC contracts, mainly through distributors and dealers to institutional, government, retail and international customers. Sensitive to: US dollar exchange rate on unhedged exposures.

Business-model card

FY2025 · 48 verified
2Revenue
5Channels
2Regulators
4Reg. dependencies
4Sensitivities
4Costs
3Geographies

Polycab India sells wires and cables, FMEG products (fans, lights, switchgear, switches, conduit pipes and fittings, solar inverters) and EPC contracts, mainly through distributors and dealers to institutional, government, retail and international customers. It earns from product sales through its dealer and retail network and from exports, which were 6% of turnover in FY 2024-25.

Revenue by segment

2026-03-31
Wires and Cables87.2%
FMEG7.1%
EPC5.7%

Revenue engine

2 verified
Wires and Cables (W&C) (87.2%)
Interpretation: the largest revenue line, sold as cables and wires through the distributor and dealer network and exported to 84 countries.
FMEG (fast-moving electrical goods) (7.1%)
Sales of six product categories (fans, lights and luminaires, switchgears, switches, conduit pipes and fittings, solar inverters) through the pan-India dealer and retail network.

Customers & channels

5 verified
Authorised dealers, distributors and retail outlets
Interpretation: the main route to market; the company says it primarily sells through distributors and dealers, reaching institutional, government and retail customers.
End consumers
Consumers buy the products and drive repeat purchase and brand loyalty; the company runs campaigns during festive seasons and sales promotions.
Channel partners
Channel partners expand market reach and drive sales through their networks and influence in target markets.
2 more statements
Institutional, government, retail and international customers
The company says its customer base spans these groups, each contributing to its operations.
Export customers
Export revenue of INR 13,452 million in FY 2024-25 is the stated export share of total turnover.

Regulators

2 verified
Bureau of Indian Standards (BIS)
Governs the BIS Act compliance the company reports for its products; Interpretation: product standards affect what can be sold.
Foreign Exchange Management Act, 1999 (FEMA)
Governs the external commercial borrowings the company reports under this Act.

Regulatory dependencies

4 verified
Product certifications and approvals for export markets
Company states it has secured certifications and approvals for its cables; Interpretation: export access depends on keeping these approvals current, and a lapse would cut export sales.
Regional regulatory changes
Company states each international market has regulatory changes; Interpretation: a tighter local rule would raise the cost of adapting products and could slow export growth.
Local product compliance
Company says it tailors products to comply with local rules; Interpretation: a new standard in an export market would require redesign and recertification.
1 more statement
External commercial borrowing under FEMA
Company reports ECB compliance under FEMA; Interpretation: changes to ECB rules would alter the cost and availability of foreign-currency funding.

Sensitivities

4 verified
US dollar exchange rate on unhedged exposures
Table shows USD (59.32) at +2% and 59.32 at -2% impact on profit before tax for 31 March 2025; Interpretation: a stronger USD lowers profit before tax on the payables position, and a weaker USD raises it.
Copper and aluminium prices on LME
Trade payables are linked to LME prices, so payments move with metal prices; Interpretation: rising copper and aluminium raise the payable and inventory values, partly offset by the company's provisional pricing and Sell LME hedges.
Freight and trade routes
Company states the Russia-Ukraine and Red Sea conflicts affected trade routes and increased freight costs; Interpretation: higher freight raises export delivered cost and slows overseas sales.
1 more statement
Interest and borrowing cost
Finance cost rose to a higher level, driven by LC-based procurement and term loans; Interpretation: higher borrowing volumes or rates raise finance cost.

Cost inputs

4 verified
Copper and aluminium
Metals bought at provisional LME-linked prices, with the option to fix the price later; the driver is LME metal prices.
Freight and forwarding
Freight and forwarding expenses of 3,746.70 million in FY 2024-25 versus 3,498.27 million in FY 2023-24.
Sub-contracting
Sub-contracting expenses of 3,998.65 million in FY 2024-25 versus 3,429.68 million in the prior year.
1 more statement
Employee benefit expenses
Employee costs stated as a percentage of revenue, down from 3.38% in FY 2023-24.

Geographies

3 verified
International business (6.0%)
Company states international business contributes this share of its top line.
United States
Company describes the US as its largest exports market, where it moved from an institutional-led to a distribution-led model.
North America, Europe, Middle East and Australia
Key regions named for market share expansion through local partnerships.
Each statement is checked word for word against the FY2025 annual report; the passages are in the app.

What changed recently?

Q1 FY2027 results filed (16 Jul 2026).

Change log

8 entries · newest first
  1. Results filedQ1 FY2027 results filed.
  2. Corporate actionDividend - Rs 47 Per Share.
  3. Results filedQ4 FY2026 results filed.
  4. Results filedQ3 FY2026 results filed.
  5. Results filedQ2 FY2026 results filed.
  6. Results filedQ1 FY2026 results filed.
  7. Corporate actionDividend - Rs 35 Per Share.
  8. Results filedQ4 FY2025 results filed.
Get alerts →Sign in to be told when any of these change.

What this page does not tell you

What could not be judged, and why. Never empty.
  • Models not runFair value, EPV, Graham number, Graham value, Lynch, Owner earnings: no valuation stored.
  • FlagsWATCH on 30 of 30 flags judged; 1 red.
  • Data gapsBusiness quality: not available yet.

What this page rests on

✓10 years of annual statements, through FY2026 (Mar-26)✓10 quarters of results✓90 months of month-end prices, adjusted for bonuses and splits○no valuation of ours yet✓business-model card FY2025 · 48 verified

Questions people ask

What is Polycab India's share price today?

Polycab India last traded at ₹8,405.00 on the NSE, as of 12 Oct 2026, 11:00 pm IST, up 1.8% on the day, up 7.4% over a year. Its 52-week range is ₹6,663 to ₹10,126. The live price is in the app.

What is Polycab India's market cap?

Polycab India's market capitalisation is about ₹1.24 lakh crore: what it would cost to buy every share at today's price. That makes it the 78th largest large cap company we cover.

Is Polycab India Ltd a large cap, mid cap or small cap?

Polycab India Ltd (POLYCAB) is a large cap company in AMFI's classification for Jan-Jun 2026. SEBI's buckets go by rank on six-month average market capitalisation: the top 100 are large caps, 101 to 250 mid caps, the rest small caps.

What is Polycab India Ltd's P/E ratio?

43.20, vs peers 47.8 · 4th of 10. Price divided by last year's earnings per share: how many years of today's profit you pay for.

Is Polycab India Ltd overvalued?

Cheap, with low confidence: no valuation within 120 days; P/E 43.2 vs peers 47.8 (4th of 10); P/B 8.7 vs peers 8.8 (5th of 10).

How does Polycab India Ltd make money?

Polycab India sells wires and cables, FMEG products (fans, lights, switchgear, switches, conduit pipes and fittings, solar inverters) and EPC contracts, mainly through distributors and dealers to institutional, government, retail and international customers. It earns from product sales through its dealer and retail network and from exports, which were 6% of turnover in FY 2024-25.

Who are Polycab India Ltd's peers?

Compared with 9 Industrial Products (the industry, as the basic industry was too small): Cummins India Ltd, Welspun Corp Ltd, APL Apollo Tubes Ltd, Supreme Industries Ltd, KEI Industries Ltd and 4 more. The app shows how they compare on every figure.

Is this investment advice?

No. Valarth is a research and learning tool and is not a SEBI-registered investment adviser or research analyst. The figures come from the company's filings and the exchanges; what to do with them is your call.

How did Polycab India do last quarter?

Polycab India reported revenue of ₹8,210 Cr, up 28.9% on a year earlier and a net profit of ₹797 Cr, up 32.4% in the Jun 2026 quarter.

Who owns Polycab India?

Polycab India is held by promoters 61.5%, foreign institutions 19.0%, domestic institutions 7.6%.

Does Polycab India pay a dividend?

Yes. Polycab India's dividend yield is 0.69% at the latest price; the last payout was ₹47.00 a share, ex-dividend 19 Jun 2026.

What do analysts say about Polycab India?

32 analysts cover Polycab India, and the consensus is buy. A consensus is a count of opinions, not a forecast; read it beside the numbers.

Everything on Polycab India, and 6,621 other companies, with 212 filters and the full peer tables

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