Polycab India
Market cap ₹1.12 L Cr
- P/E
- 35.45
- Day range
- ₹7,372.50 – ₹7,647.50
- 52-week range
- ₹6,663.00 – ₹10,126.00
- Volume
- 3.25 L
- Open
- ₹7,647.00
- Prev close
- ₹7,671.00
Latest results · Q2 FY27(consolidated)Revenue ₹9,899 Cr+52.8%Profit ₹990 Cr+42.9%Margin 10.0%YoY vs the same quarter last year
3 red flags to read up on
- medium
Weak financial health score
Piotroski 3 of 8 tests passed · 31 Mar 2026
- medium
Material exchange filing
Corporate Insolvency Resolution Process (CIRP)-Updates - Corporate Insolvency Resolution Process (CIRP) · 16 Oct 2026
- medium
Material exchange filing
Corporate Insolvency Resolution Process (CIRP)-Updates - Corporate Insolvency Resolution Process (CIRP) · 14 Oct 2026
From NSE and BSE filings. A flag is a reason to read the filing, not a rating.
POLYCAB in NSE indices and F&O
F&O margin for one lot of POLYCAB (125 shares)Research profile
Composite 55 / 100Factor percentiles
Derived metrics
- Earn. yield
- 2.8%
- Graham no.
- ₹2,024.29
- vs Graham
- -72.8%
- ROE ÷ P/B
- 2.9%
- 12-1 mom.
- +9.8%
- Return / vol
- -0.07
- Magic Formula
- #136
- Piotroski
- 3/8
- FCF yield
- 2.1%
- PEG
- 5.08
Appears in 13 scans
Percentiles rank this stock against the other tracked stocks and change as they do. Scans describe where figures sit today. Hover a label for its definition. Not investment advice.
Peer comparison
All 188 in Infra| Company | M-cap | P/E | P/B | ROE | ROCE | OPM | D/E | Sales YoY |
|---|---|---|---|---|---|---|---|---|
| Larsen & ToubroLT | ₹5.02 L Cr | 30.25 | 4.59 | 18.3% | 15.0% | 12.0% | 1.15 | +6.7% |
| Adani PortsADANIPORTS | ₹3.92 L Cr | 29.06 | 4.21 | 16.2% | 14.0% | 58.0% | 0.66 | +18.6% |
| Adani EnterprisesADANIENT | ₹3.35 L Cr | 39.93 | 4.07 | 15.2% | 6.0% | 15.0% | 1.32 | +49.9% |
| UltraTech CementULTRACEMCO | ₹3.25 L Cr | 38.09 | 4.43 | 11.1% | 13.0% | 16.0% | 0.40 | +18.8% |
| Grasim IndustriesGRASIM | ₹1.96 L Cr | 34.51 | 1.90 | 10.2% | 8.0% | 23.0% | 2.20 | +21.4% |
| InterGlobe AviationINDIGO | ₹1.76 L Cr | 19.63 | 25.56 | -29.3% | 5.0% | 13.0% | 11.15 | +19.9% |
| DLFDLF | ₹1.63 L Cr | 35.63 | 3.60 | 10.0% | 6.0% | 1.8% | 0.01 | -23.3% |
| Polycab IndiaPOLYCAB | ₹1.12 L Cr | 35.45 | 8.56 | 24.8% | 33.0% | 14.0% | 0.02 | +52.8% |
| Sector median | ₹12,817 Cr | 32.00 | 4.34 | 15.0% | 17.0% | 15.0% | 0.18 | +19.8% |
Sector as classified in the tracked universe; medians use every tracked Infra company, and P/E only profitable ones. Tinted figures beat the median.
Latest news
Updated 12d agoHeadlines about Polycab India from the last two weeks in the financial press. Stories belong to their publishers; Parasram India does not endorse them.
Key metrics
- P/E (TTM)
- 35.5
- EPS (TTM)
- ₹189.76
- Price / Book
- 8.56
- ROE (FY26)
- 24.8%
- ROCE (latest year)
- 33%
- Dividend yield
- 0.63%
Moving averages (NSE)
- 20-day
- ₹8,119.5
- Price below
- 50-day
- ₹8,503.69
- Price below
- 200-day
- ₹8,431.91
- Price below
Charts & trends
From company filings. Amounts in ₹ crore.
Revenue, profit & margin - quarterly
₹ crore; a loss shows red. Operating margin below, same periods.
- Revenue
- Net profit
Operating margin
Who owns the company
% of equity by quarter, latest Sept 2026
- Promoter
- FII
- Public
- DII
Cash flows
Where cash came from and went, by fiscal year (₹ crore)
- Operating
- Investing
- Financing
- Free cash flow
Return on equity
Net profit over shareholders' equity, by fiscal year
Equity vs debt
Shareholders' equity against borrowings (₹ crore); the ratio below, same years.
- Equity
- Debt
Debt to equity
Dividends per share
₹ by fiscal year of the ex-date; the latest year runs to date.
Financial statements
| Line item | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 4,340 | 5,592 | 4,698 | 5,498 | 5,226 | 6,986 | 5,906 | 6,477 | 7,636 | 8,864 | 8,210 | 9,899 |
| Expenses | 3,771 | 4,830 | 4,115 | 4,867 | 4,506 | 5,960 | 5,048 | 5,456 | 6,670 | 7,703 | 7,074 | 8,476 |
| Operating Profit | 570 | 762 | 583 | 632 | 720 | 1,025 | 858 | 1,021 | 966 | 1,161 | 1,136 | 1,422 |
| OPM % | 13% | 14% | 12% | 11% | 14% | 15% | 15% | 16% | 13% | 13% | 14% | 14% |
| Other Income | 71 | 54 | 58 | 76 | 25 | 48 | 80 | 45 | 50 | 60 | 105 | 88 |
| Interest | 32 | 24 | 41 | 45 | 50 | 33 | 51 | 48 | 69 | 75 | 80 | 94 |
| Depreciation | 62 | 66 | 67 | 72 | 79 | 80 | 86 | 97 | 106 | 98 | 103 | 111 |
| Profit before tax | 546 | 725 | 533 | 590 | 617 | 961 | 801 | 921 | 842 | 1,049 | 1,058 | 1,306 |
| Tax % | 24% | 24% | 25% | 25% | 25% | 24% | 25% | 25% | 25% | 25% | 25% | 24% |
| Net Profit | 417 | 553 | 402 | 445 | 464 | 734 | 600 | 693 | 630 | 786 | 797 | 990 |
| EPS in Rs | ₹27.49 | ₹36.34 | ₹26.34 | ₹29.24 | ₹30.42 | ₹48.31 | ₹39.34 | ₹45.54 | ₹41.30 | ₹51.33 | ₹52.07 | ₹64.86 |
From company filings, updated 24 Oct 2026. Consolidated figures where the company reports them. Information only, not investment advice.
Working-capital cycle
-12 days since Mar 2021
-14 days since Mar 2021
+31 days since Mar 2021
-57 days since Mar 2021
-37 days since Mar 2021
Strengths, risks & growth
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.
Strengths
- Company is almost debt free.
- Company is expected to give good quarter
- Company has delivered good profit growth of 23.7% CAGR over last 5 years
- Company has been maintaining a healthy dividend payout of 25.9%
- Company's median sales growth is 20.5% of last 10 years
- Company's working capital requirements have reduced from 47.5 days to 30.4 days
Risks
- Stock is trading at 8.56 times its book value
- Promoter holding has decreased over last 3 years: -4.47%
Compounded Sales Growth
- 10 Years
- +19%
- 5 Years
- +27%
- 3 Years
- +27%
- TTM
- +41%
Compounded Profit Growth
- 10 Years
- +30%
- 5 Years
- +24%
- 3 Years
- +28%
- TTM
- +28%
Stock Price CAGR
- 10 Years
- —
- 5 Years
- +26%
- 3 Years
- +14%
- 1 Year
- -1%
Return on Equity
- 10 Years
- +21%
- 5 Years
- +21%
- 3 Years
- +23%
- Last Year
- +23%
Strengths and risks are a machine-generated checklist, not advice; growth is compounded annually over each period.
Shareholding pattern
| Holder | Dec 2025 | Mar 2026 | Jun 2026 | Sept 2026 | Change |
|---|---|---|---|---|---|
| Promoter | 61.50% | 61.50% | 61.46% | 61.44% | -0.02 pp |
| FII | 14.82% | 18.21% | 19.00% | 18.06% | -0.94 pp |
| DII | 11.13% | 7.95% | 7.62% | 7.91% | +0.29 pp |
| Public | 12.54% | 12.33% | 11.92% | 12.60% | +0.68 pp |
Filed with NSE for Sept 2026: promoters 61.44%, public 38.56% · XBRL filing
Analysts & fund holdings
Who holds the shares, quarter by quarter
Mutual funds 5.21% (+0.44 pp)- Promoters61.4%
- Foreign institutions18.1%
- Mutual funds5.2%
- Insurance2.4%
- Other domestic institutions0.3%
- Retail6.2%
- Others6.4%
| Fund | % of company | % of fund | 3-month change |
|---|---|---|---|
| ICICI Pru Large & Mid Cap Fund | 0.45% | 1.74% | +1.74 pp |
| ICICI Pru Balanced Advantage Fund | 0.37% | 0.64% | -0.15 pp |
| UTI Flexi Cap Fund | 0.33% | 1.81% | -0.16 pp |
| Motilal Oswal Flexi Cap Fund | 0.22% | 2.04% | -1.08 pp |
| HSBC Small Cap Fund | 0.19% | 1.28% | -0.37 pp |
Scorecard
- Performance
- Avg
- Valuation
- High
- Growth
- Avg
- Profitability
- High
- Entry point
- Good
- Red flags
- Low
Analyst coverage, holdings and scorecard from market data; not a recommendation by Parasram India.
Risk & trend
From 275 daily sessions to 23 Oct 2026.
Risk
- Volatility (1Y)
- 30.1%
- Downside volatility
- 31.1%
- Worst 5% of days
- 3.2%
- Average of that tail
- 4.5%
- Max drawdown (1Y)
- 26.2%
- Below its peak
- 26.2%
Against the market
- Beta vs Nifty 50
- 0.97
- Correlation
- 0.43
- Relative strength (3M)
- -11.4%
- ATR (14)
- 3.4%
Return
- Return 1M
- -10.9%
- Return 3M
- -16.7%
- Return 6M
- -7.4%
- Return 1Y
- -2.2%
- vs 200-day average
- -11.8%
Momentum
- RSI (14) · oversold
- 26.7
- MACD histogram
- -54.15
- Stochastic %K
- 6.2
- ADX (14)
- 31.0
- +DI / −DI
- 10.7 / 36.4
- Money flow index
- 47.7
Participation
- Delivery (20d avg)
- 52.1%
- vs its 60-day baseline
- +0.3 pts
- Volume vs 20-day
- -0.5σ
- Close vs day's VWAP
- -0.2%
- 52-week position
- 21 / 100
These describe what this stock's price has already done. They are not forecasts, signals or recommendations, and a dash means the figure was withheld for want of enough history rather than being zero.
Financial quality
From consolidated statements to 31 Mar 2026.
Piotroski F-Score
3 of 8 tested
- Return on assets positive — passed
- Operating cash flow positive — passed
- Return on assets improving — failed
- Cash flow exceeds profit — passed
- Debt to assets falling — failed
- Current ratio improving — failed
- No new equity issued — not testableno share count is collected, and financing cash flow mixes equity with debt
- Operating margin improving — failed
- Asset turnover improving — failed
- Free cash flow
- ₹2,330 Cr
- FCF yield
- 2.1%
- Cash conversion
- 1.41
- Accruals ratio
- -0.054
- Net debt
- ₹4,111 Cr
- Net debt / equity
- 0.34
- EV / sales
- 3.36
- PEG
- 5.08
- Capex intensity
- 5.1%
- Revenue CAGR
- 26.9%
- Profit CAGR
- 7.0%
Computed from filed statements, not filed themselves. A dash means an input was absent, and the score counts only the criteria that could actually be tested.
Corporate actions
- dividend₹47.00
Dividend - Rs 47 Per Share
19 Jun 2026ex-date - dividend₹35.00
Dividend - Rs 35 Per Share
24 Jun 2025ex-date - dividend₹30.00
Annual General Meeting/Dividend - Rs 30 Per Share
9 Jul 2024ex-date - dividend₹20.00
Annual General Meeting/Dividend - Rs 20 Per Share
21 Jun 2023ex-date - dividend₹14.00
Annual General Meeting/Dividend - Rs 14 Per Share
21 Jun 2022ex-date - dividend₹10.00
Annual General Meeting/Dividend - Rs 10 Per Share
12 Jul 2021ex-date - otherNot available — not reported in this filing
Annual General Meeting
13 Jul 2020ex-date - dividend₹7.00
Interim Dividend - Rs 7 Per Share
12 Mar 2020ex-date - dividend₹3.00
Dividend - Rs 3 Per Share
18 Jun 2019ex-date
Company announcements
Submission of Transcript of Earnings call held on October 15, 2026.
Intimation of Institutional Analyst(s)/Investor(s) meet
Update on the appeal listed on October 15, 2026 before Hon'ble NCLAT, Principal Bench, New Delhi
Submission of Audio recording of earnings conference call
Unaudited Interim Condensed (Standalone and Consolidated Financial Statement for the quarter and half year ended September 30, 2026
Earnings Presentation on the Unaudited Financial Results for the quarter and half year ended September 30, 2026
Press Release for the Unaudited (Standalone and Consolidated) Financial Results of the Company
Unaudited Financial Results for the quarter and half year ended 30th September 2026
With reference to the captioned subject, please be informed that the Board of Directors of the Company at its meeting held today i.e. Thursday, October 15, 2026, inter alia considered and ....
Hon'ble NCLAT has granted the request for early listing and the appeal is now scheduled to be held on October 15, 2026.
Press Release on receipt of Order dated October 09, 2026 passed by the Hon'ble NCLAT
Intimation of Earnings Conference Call invite for the second quarter ended September 30, 2026
Update on receipt of NCLAT order
Update on Corporate Insolvency Resolution Process (CIRP)
Update on hearing of appeal before NCLAT on 09th October, 2026
Filed with BSE (scrip 542652); the last 45 days. Documents open at bseindia.com.
Documents
Annual reports
Earnings calls
- Oct 2026TranscriptSlidesRecording
- Jul 2026TranscriptSlidesRecording
- May 2026TranscriptSlides
- Jan 2026Transcript
- Jan 2026TranscriptSlidesRecording
- Oct 2025TranscriptSlidesRecording
Credit ratings
- Rating update · 7 Oct from crisil
- Rating update · 17 Nov 2025 from crisil
- Rating update · 1 Aug 2025 from fitch
- Rating update · 14 Oct 2024 from crisil
- Rating update · 17 Jul 2024 from fitch
- Rating update · 18 Jan 2024 from fitch
Documents open at BSE or the rating agency that issued them.
Sourced from the company's NSE XBRL filing dated 15 Oct 2026 (unaudited). View the source filing. Figures are as filed and are not investment advice.
Polycab India: common questions
Answered from the figures on this page.
