Polycab India

Why is Polycab India Ltd falling/rising?

As of 21-Jul, Polycab India Ltd's stock price is at 8,900.20, reflecting a slight increase of 0.16%. The company's strong fundamentals, including significant sales growth and a net-debt-free status, contribute to its positive long-term performance despite recent sector underperformance.

As of 21-Jul, Polycab India Ltd's stock price is rising, currently at 8,900.20, with a change of 14.55 (0.16%) upwards. This increase can be attributed to several factors. Firstly, the stock has shown a positive performance over the last two days, gaining 0.47% during this period. Additionally, the company has demonstrated strong long-term fundamentals, including a net sales growth rate of 26.35% and an operating profit growth rate of 30.72%. The company is also net-debt free, which enhances its financial stability.<BR><BR>Moreover, Polycab India Ltd has consistently delivered positive results over the last six quarters, with the latest operating cash flow reaching Rs 3,810.67 Cr and net sales for the last six months growing at 32.44%. High institutional holdings at 26.17% indicate confidence from larger investors, who typically have more resources to analyze company fundamentals. <BR><BR>Despite the stock underperforming its sector by 1.9% today and experiencing a decline in delivery volume, the overall long-term performance remains strong, with a year-to-date return of 16.68% and a one-year return of 26.42%. The company's significant market capitalization of Rs 1,33,860 Cr, constituting 37.24% of its sector, further solidifies its position as a leader in the industry.

Which are the latest news on Polycab India?

Are Polycab India Ltd latest results good or bad?

Polycab India Ltd's Q1 FY27 results are generally positive, with a 32.46% increase in net profit and a 39.01% rise in net sales. However, the slight decline in operating and PAT margins indicates potential challenges ahead, and the high P/E ratio of 52 may limit future upside for investors.

Polycab India Ltd's latest results for Q1 FY27 can be considered good overall, despite some mixed signals. The company reported a net profit of ₹784.34 crores, which is a significant increase of 32.46% year-on-year. Additionally, net sales surged by 39.01% to ₹8,209.73 crores, reflecting strong demand driven by infrastructure spending and housing market recovery.<BR><BR>However, there are some areas of concern. The operating margin decreased slightly to 13.84%, down 68 basis points from the previous year, indicating some pressure on profitability due to competitive intensity and increased investments. The PAT margin also declined to 9.70%, down 45 basis points from the prior year.<BR><BR>Overall, while the revenue and profit growth are impressive, the slight decline in margins suggests that the company is facing challenges that could impact its future performance. Investors should weigh these factors, especially given the stock's high valuation at a P/E ratio of 52 times, which may limit upside potential.

Should I buy, sell or hold Polycab India Ltd?

What does Polycab India do?

Polycab India Ltd is a large-cap company in the electrical cables industry, reporting net sales of ₹8,864 Cr and a net profit of ₹773 Cr for the quarter ending March 2026. It has a market cap of ₹143,944 Cr and key metrics include a P/E ratio of 54.00 and a return on equity of 22.25%.

Overview: <BR>Polycab India Ltd is a large-cap company operating in the electrical cables industry.<BR><BR>History: <BR>Polycab India Limited was incorporated as a Private Limited Company on January 10, 1996, under the name 'Polycab Wires Private Limited'. It was later converted into a Private Limited Company as 'Polycab Industries Private Limited' in 1998 and subsequently became a public limited company, changing its name to 'Polycab Wires Limited'. The most recent quarterly results reported net sales and net profit for the period ending March 2026.<BR><BR>Financial Snapshot: <BR>Net Sales: 8,864 Cr (Quarterly Results - Mar 2026) <BR>Net Profit: 773 Cr (Quarterly Results - Mar 2026) <BR>Market Cap: INR 143,944 Cr (Large Cap)<BR><BR>Key Metrics: <BR>P/E: 54.00 <BR>Industry P/E: 48 <BR>Dividend Yield: 0.36% <BR>Debt Equity: -0.34 <BR>Return on Equity: 22.25% <BR>Price to Book: 12.06<BR><BR>Contact Details: <BR>Details: No Company Details Available <BR>Registrar Address: Not available.

How big is Polycab India?

As of 10th June, Polycab India Ltd has a market capitalization of 143,944.00 Cr, with net sales of 28,883.80 Cr and a net profit of 2,672.04 Cr reported in the latest four quarters. The company has shareholder's funds of 9,825.02 Cr and total assets of 13,748.70 Cr as of March 2025.

As of 10th June, Polycab India Ltd has a market capitalization of 143,944.00 Cr, categorizing it as a Large Cap company.<BR><BR>In the latest four quarters, Polycab India reported net sales of 28,883.80 Cr and a net profit of 2,672.04 Cr.<BR><BR>For the latest annual period ending March 2025, the company had shareholder's funds amounting to 9,825.02 Cr and total assets of 13,748.70 Cr.

Who are in the management team of Polycab India?

The management team of Polycab India includes Chairman & Managing Director Inder Thakurdas Jaisinghani, along with several independent directors and whole-time directors, such as Bharat Ajay Jaisinghani and Nikhil R Jaisinghani, as well as Executive Director & CFO Gandharv Tongia. This diverse team guides the company's strategic direction and operations.

The management team of Polycab India includes the following key members:<BR><BR>1. **Inder Thakurdas Jaisinghani** - Chairman & Managing Director<BR>2. **T P Ostwal** - Independent Director<BR>3. **R S Sharma** - Independent Director<BR>4. **Pradeep Poddar** - Independent Director<BR>5. **Sutapa Banerjee** - Independent Director<BR>6. **Manju Agarwal** - Independent Director<BR>7. **Bhaskar Sharma** - Independent Director<BR>8. **Bharat Ajay Jaisinghani** - Whole-time Director<BR>9. **Nikhil R Jaisinghani** - Whole-time Director<BR>10. **Rakesh Talati** - Whole-time Director<BR>11. **Gandharv Tongia** - Executive Director & CFO<BR>12. **Manita Carmen Albert Gonsalves** - Company Secretary & Compliance Officer<BR><BR>This team brings a diverse range of expertise to the company, contributing to its strategic direction and operational management.

Who are the peers of the Polycab India?

Polycab India's peers include KEI Industries, R R Kabel, Finolex Cables, Universal Cables, Advait Energy, Paramount Comm., Dynamic Cables, Quadrant Future, and V-Marc India. R R Kabel leads with a 1-year return of 54.47%, while Dynamic Cables has the lowest at -31.15%.

Peers: The peers of Polycab India are KEI Industries, R R Kabel, Finolex Cables, Universal Cables, Advait Energy, Paramount Comm., Dynamic Cables, Quadrant Future, and V-Marc India.<BR><BR>Quality Snapshot: Excellent management risk is observed at Polycab India, KEI Industries, and R R Kabel, while Average management risk is found at Universal Cables, Advait Energy, Paramount Comm., and V-Marc India. Growth is excellent for Polycab India, KEI Industries, R R Kabel, Advait Energy, and V-Marc India, while Average growth is noted for Finolex Cables and Dynamic Cables, and Below Average growth is seen at Quadrant Future. Excellent capital structure is present in Polycab India, KEI Industries, R R Kabel, Advait Energy, while Below Average capital structure is found at Universal Cables and Average capital structure is seen in Finolex Cables, Paramount Comm., Dynamic Cables, and V-Marc India.<BR><BR>Return Snapshot: R R Kabel has the highest 1-year return at 54.47%, while Dynamic Cables has the lowest at -31.15%. Polycab India's own 1-year return of 54.21% is slightly lower than R R Kabel's. Additionally, Dynamic Cables is the only peer with a negative six-month return.

Is Polycab India technically bullish or bearish?

As of November 3, 2025, Polycab India shows a mildly bullish trend supported by bullish MACD and moving averages, but mixed signals from the KST and lack of strong momentum suggest caution.

As of 3 November 2025, the technical trend for Polycab India has changed from bullish to mildly bullish. The current stance is mildly bullish, driven by a bullish MACD on both weekly and monthly time frames, alongside bullish moving averages on the daily chart. However, the KST indicates a mildly bearish signal on the weekly and monthly, which tempers the overall bullish sentiment. Bollinger Bands also reflect a mildly bullish outlook on both weekly and monthly time frames. The absence of clear trends in Dow Theory and OBV suggests a lack of strong momentum. Overall, while the indicators lean towards a mildly bullish stance, caution is advised due to mixed signals in the KST.

How has been the historical performance of Polycab India?

Polycab India has shown significant growth, with net sales increasing from ₹14,107.78 crore in March 2023 to ₹22,408.31 crore in March 2025, and profit after tax rising from ₹1,292.35 crore to ₹2,045.54 crore during the same period, reflecting strong financial performance and a healthy balance sheet.

Answer:<BR>The historical performance of Polycab India shows significant growth in net sales and profitability over the years, with the latest figures for March 2025 indicating a net sales figure of 22,408.31 crore and a profit after tax of 2,045.54 crore.<BR><BR>Breakdown:<BR>Polycab India's consolidated annual results reflect a robust upward trend in net sales, which increased from 14,107.78 crore in March 2023 to 22,408.31 crore in March 2025. This growth is accompanied by a rise in total operating income, which mirrors the sales increase. The company's total expenditure also rose, reaching 19,448.08 crore in March 2025, driven by higher raw material costs and manufacturing expenses. Operating profit, excluding other income, improved to 2,960.23 crore in March 2025, contributing to a profit before tax of 2,700.85 crore. After accounting for taxes, the profit after tax reached 2,045.54 crore, up from 1,292.35 crore in March 2023. The earnings per share also saw a notable increase, rising to 134.28 in March 2025 from 84.85 in March 2023. The balance sheet indicates a total asset value of 13,748.70 crore and total liabilities of 13,748.70 crore as of March 2025, reflecting a solid financial position. Cash flow from operating activities improved to 1,808.00 crore in March 2025, although the net cash flow showed an outflow of 59.00 crore. Overall, Polycab India demonstrates strong growth in sales and profitability, alongside a healthy balance sheet.

Is Polycab India overvalued or undervalued?

As of June 20, 2025, Polycab India is considered very expensive with a PE ratio of 44.78 and other high valuation metrics, indicating overvaluation compared to peers and a year-to-date return of -17.32%, suggesting concerns about sustainability.

As of 20 June 2025, Polycab India has moved from expensive to very expensive in its valuation grade, indicating a significant shift in market perception. The company is currently overvalued, with a PE ratio of 44.78, a Price to Book Value of 9.21, and an EV to EBITDA ratio of 29.77. These ratios suggest that the stock is trading at a premium compared to its earnings and book value, which raises concerns about sustainability.<BR><BR>In comparison to its peers, Polycab India’s valuation metrics are notably higher than those of Havells India, which has a PE ratio of 65.39, and KEI Industries at 49.09. Furthermore, the PEG ratio of 3.43 indicates that the stock may not be justified by its growth prospects when compared to Finolex Cables, which has a more attractive PEG of 2.66. Recent performance shows Polycab India lagging behind the Sensex, with a year-to-date return of -17.32% compared to the Sensex's 5.46%, reinforcing the notion of overvaluation in the current market context.

Who are the top shareholders of the Polycab India?

The top shareholders of Polycab India include promoter Inder T Jaisinghani with 12.05%, 31 mutual funds holding 8.28%, 574 foreign institutional investors at 11.11%, and individual investors owning 12.88%. The Motilal Oswal Innovation Opportunities Fund is the largest public shareholder with 3.49%.

The top shareholders of Polycab India include the promoters, who hold the majority of the shares. The promoter with the highest holding is Inder T Jaisinghani, owning 12.05%. Additionally, institutional investors are represented by 31 mutual funds, which collectively hold 8.28%, and 574 foreign institutional investors (FIIs) with a holding of 11.11%. Among public shareholders, the highest is the Motilal Oswal Innovation Opportunities Fund, which holds 3.49%. Individual investors also have a significant presence, owning 12.88% of the shares.

When is the next results date for Polycab India?

No Upcoming Board Meetings

Has Polycab India declared dividend?

Yes, Polycab India Ltd has declared a 300% dividend, amounting to ₹30 per share, with an ex-date of July 9, 2024. While recent total returns have been negative, the company has shown substantial growth over longer periods.

Polycab India Ltd has declared a 300% dividend.<BR><BR>Dividend Details:<BR>- Percentage announced: 300%<BR>- Amount per share: 30<BR>- Ex-date: 09 Jul 24<BR><BR>Dividend Yield: 0.5%.<BR><BR>Total Returns by Period:<BR>In the last 6 months, the price return was -17.03%, the dividend return was 0%, resulting in a total return of -17.03%.<BR><BR>Over the past year, the price return was -11.45%, with a dividend return of 0.43%, leading to a total return of -11.02%.<BR><BR>In the 2-year period, the price return was 68.97%, the dividend return was 0.85%, culminating in a total return of 69.82%.<BR><BR>For the 3-year period, the price return was 147.55%, the dividend return was 1.41%, resulting in a total return of 148.96%.<BR><BR>In the last 4 years, the price return was 254.92%, with a dividend return of 2.77%, giving a total return of 257.69%.<BR><BR>Over the past 5 years, the price return was 685.45%, the dividend return was 6.42%, leading to a total return of 691.87%.<BR><BR>Overall, Polycab India has declared a significant dividend, but the recent total returns over shorter periods have been negative, indicating volatility in the stock's performance. However, the longer-term returns show substantial growth, suggesting a positive trend over time.