



Consumer Durables | Large Cap
Polycab India Ltd shows strong financial health. The company excels in solvency, growth, coverage, and profitability, indicating a robust and well-managed business. While liquidity and efficiency show room for improvement, the company's solid financial base and growth trajectory position it well for future success. The company maintains a strong position with its ability to generate profits and manage debt. Polycab also displays impressive growth rates in revenue, operating profit, and earnings per share, reflecting effective strategic initiatives and market positioning. The company's ability to cover its interest and dividend obligations is also a notable strength. However, the company needs to focus on efficient use of capital and managing capital expenditure.
Polycab India Ltd shows strong financial health. The company excels in solvency, growth, coverage, and profitability, indicating a robust and well-managed business. While liquidity and efficiency show room for improvement, the company's solid financial base and growth trajectory position it well for future success. The company maintains a strong position with its ability to generate profits and manage debt. Polycab also displays impressive growth rates in revenue, operating profit, and earnings per share, reflecting effective strategic initiatives and market positioning. The company's ability to cover its interest and dividend obligations is also a notable strength. However, the company needs to focus on efficient use of capital and managing capital expenditure.
Overall Valuation Score
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P/E RATIO (TTM)
52.45
Industry Median
32.43
Large Cap Median
51.05
P/E RATIO
51.05
P/B RATIO
11.35
Industry Median
4.05
Large Cap Median
11.35
P/S RATIO
4.64
Industry Median
1.86
Large Cap Median
4.64
Others
PEG RATIO
0.00
EV/EBITDA RATIO
31.39
The Calculations Shown Above Are Based on the Last Traded Price (LTP) of ₹9060 as on Aug 26, 2026.
The company exhibits strong performance in growth metrics. High revenue growth rate indicates successful market penetration and increased sales. Excellent operating profit growth rate suggests efficient cost management and profitability improvements. The company's EPS growth demonstrates enhanced shareholder value, and significant asset and net income growth further confirm its robust expansion. Maintaining these growth rates will be vital for sustaining its competitive edge.
| Growth Ratios | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue Growth Rate | 38.81 | 15.6 | 27.86 | 24.22 | 28.9 |
| Operating Profit Growth Rate | 13.77 | 45.81 | 35.21 | 18.94 | 35.16 |
| Earnings Per Share (EPS) Growth | 2.79 | 39.56 | 39.95 | 13.08 | 32.17 |
| Asset Growth Rate | 5.66 | 27.15 | 28.03 | 13.95 | 48.93 |
| Net Income Growth Rate | 3.5 | 39.91 | 40.53 | 13.48 | 32.36 |
Revenue Growth Rate
Operating Profit Growth Rate
Earnings Per Share (EPS) Growth
Asset Growth Rate
Net Income Growth Rate
Peer Comparison empowers investors to evaluate a company against its industry peers using key financial metrics like P/E ratio, EPS, and profit margins. It helps identify whether a company is overvalued, undervalued, or performing in line with competitors. Investors can use this data to spot opportunities, assess risks, and make informed decisions. This contextual view adds depth beyond standalone company analysis.
| NO | Company Name | Health Score | P/E Ratio | Valuation | OPM | EPS | Latest Profit & Loss |
|---|---|---|---|---|---|---|---|
| 1 | POLYCAB | 8.57 | 51.05 | Neutral | 4006.00 | 172.67 | 2708.00 |
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Overall Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Bullish
Market Sentiment
Analysis Driven By 26 Technical Indicators From The 1 Hour Timeframe
Trend Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Bullish
Momentum Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Neutral
Volatility Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
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Volume Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Neutral
Concall Report⬤22nd Jan 26
Q3 FY26 Earnings Conference Call
BULLISH SENTIMENT
No Stock News Available at This Moment.
Polycab India Ltd is a leading Indian manufacturer of wires and cables and a fast-growing player in the Fast-Moving Electrical Goods (FMEG) segment. It offers a diverse range of products, catering to industrial, infrastructure, and retail customers, with a significant market share in wires and cables, positioning it as a dominant player.
P/E Ratio (TTM): Price to Earnings ratio shows how much an investor pays for every rupee of the company's earnings. Polycab India Ltd's P/E ratio (TTM) is 52.45, compared to the industry median of 32.43 and large cap median of 51.05.
P/B Ratio: Price to Book ratio compares a company's market price to its book value per share. Polycab India Ltd's P/B ratio is 11.35, compared to the industry median of 4.05 and large cap median of 11.35.
P/S Ratio: Price to Sales ratio compares a company's market value to its total revenue. Polycab India Ltd's P/S ratio is 4.64, compared to the industry median of 1.86 and large cap median of 4.64.
PEG Ratio: PEG ratio adjusts the P/E ratio for expected earnings growth. Polycab India Ltd's PEG ratio is 1.30.
EV/EBITDA Ratio: This ratio compares a company's enterprise value to its earnings before interest, tax, depreciation, and amortization. Polycab India Ltd's EV/EBITDA ratio is 31.39.
Return on Equity (ROE): ROE measures how much profit a company generates from shareholders' invested capital. Polycab India Ltd's ROE is 22.55%.
Return on Assets (ROA): ROA measures how efficiently a company converts its assets into net profit. Polycab India Ltd's ROA is 19.56%.
Return on Capital Employed (ROCE): ROCE measures how efficiently a company generates profit from all the capital it employs. Polycab India Ltd's ROCE is 34%.
Operating Margin: Operating margin shows what percentage of revenue remains after covering operating expenses. Polycab India Ltd's operating margin is 13.87%.
Net Margin: Net margin shows what percentage of revenue converts into final net profit. Polycab India Ltd's net margin is 9.38%.
Current Ratio: The current ratio measures a company's ability to pay short-term liabilities using short-term assets. Polycab India Ltd's current ratio is 1.46.
Debt to Equity Ratio: This ratio shows the proportion of debt a company uses relative to shareholders' equity. Polycab India Ltd's debt-to-equity ratio is 0.01.
Interest Coverage Ratio: This ratio shows how easily a company can pay interest on its outstanding debt from its operating earnings. Polycab India Ltd's interest coverage ratio is 15.87.
Dividend Per Share (DPS): DPS shows the total dividend paid per share in the latest financial year. Polycab India Ltd's DPS is ₹46.14.
Earnings Per Share (EPS): EPS shows how much profit is allocated to each outstanding share. Polycab India Ltd's EPS is 32.17.
(Source line: "Ratios as of 26 Aug 2026, based on last traded price of ₹9060. Data sourced from BSE/NSE Exchange Filings & Public Terminal Data.")
Founded: 1996 (as Polycab Wires Private Limited)
Headquarters: Mumbai, Maharashtra
Core Offerings: Wires, Cables, FMEG (Fans, LED lighting, Switches), Solar Products, Electrical Conduits & Accessories
Stock Listing: NSE (POLYCAB), BSE (542652)
Promoter: Jaisinghani Family
Polycab's journey began with the Jaisinghani family's electrical trading business in 1964. The first wire and cable manufacturing unit was established in 1983, leading to the formal incorporation of Polycab Wires Private Limited in 1996. The company expanded its manufacturing capabilities significantly over the 2000s and diversified into the FMEG segment in 2009. Polycab India Ltd successfully launched its Initial Public Offering (IPO) in 2019, listing on NSE and BSE, solidifying its position as a market leader in wires and cables with a growing FMEG presence.
| Segment Name | Revenue % | EBITDA |
|---|---|---|
| Wires & Cables | ~88% | Higher margin segment (e.g., 14-16%) |
| FMEG (Fast Moving Electrical Goods) | ~10% | Lower but improving margin segment (e.g., 6-8%) |
| Others (incl. Solar & EPC) | ~2% | Operating Profit |
Wires & Cables: This core segment manufactures and sells a wide range of power cables, control cables, instrumentation cables, solar cables, building wires, and flexible cables, serving diverse sectors including power, infrastructure, industrial, residential, and commercial.
Fast Moving Electrical Goods (FMEG): This segment includes products like fans, LED lighting, switches & switchgear, solar inverters & panels, pumps, conduits, and accessories, with a focus on expanding its product portfolio and strengthening its distribution network across India.
Inder T. Jaisinghani: Chairman & Managing Director. He is the founder and visionary behind Polycab, with over five decades of extensive experience in the electrical industry, instrumental in driving the company's growth and strategic direction.
Polycab Electricals Private Limited
Polycab Solar Private Limited
Polycab Support Force Private Limited
Dowell's Cables Private Limited
Initial Public Offering (IPO) in 2019. Bonus issue in the ratio of 1:5 (one bonus share for every five existing shares) in 2024.
The Polycab India Ltd share price today is ₹9060 on NSE (POLYCAB), as of 26 Aug 2026.
As of 26 Aug 2026, Polycab India Ltd share price is ₹9060, with previous close ₹9060. Today's range is ₹9060 to ₹9060. The 52-week range is ₹9060 to ₹9060.
As of today, Polycab India Ltd's market cap is ₹1,33,906.8 crore (Large Cap).
Polycab India Ltd's current P/E ratio is 52.45, compared to the CONSUMER DURABLES sector average of 55.
Polycab India Ltd's current P/B ratio is 11.35.
Polycab India Ltd's current dividend yield is 0.51%. Last dividend of ₹20.00 per share was declared on 24-May-2024.
Polycab India Ltd's EPS (TTM) is ₹32.17.
Polycab India Ltd is a leading Indian manufacturer of wires and cables and a fast-growing player in the Fast-Moving Electrical Goods (FMEG) segment. It offers a diverse range of products, catering to industrial, infrastructure, and retail customers, with a significant market share in wires and cables, positioning it as a dominant player.
Polycab India Ltd is promoted by Jaisinghani Family, holding 61.5% as of 26 Aug 2026.
Polycab India Ltd is listed on NSE (POLYCAB) and BSE (542652). Its next quarterly results are expected on July/August 2024.