POLYCAB · NSE
Polycab India Limited
₹8,400
+2.33% (+₹191.5)
Prev. close
₹8,208.5
Volume
4,17,221
Delivery %
60.8%
As of
18 Sept 2026
Price history
Nuvama Analysis · Nuvama Alternative & Quantitative Research · 11 Aug 2026
“Bullish on Polycab as its entry into the Nifty Next 50 index from September is expected to result in average inflows of $90 million. The stock has already seen a 21% increase this year, indicating positive momentum.”
Analyst sentiment
Analysts lean bullish
2 analyst stances · last 90 days · one per analyst
Trackable
1 · 1 bull / 0 neutral / 0 bear
Long-Horizon
none in window
Commentary
1 · 1 bull / 0 neutral / 0 bear
Trackable = verdict-bearing calls · Long-Horizon = 1yr+ horizon, verdict pending · Commentary = context, not graded
Analyst opinions
| Call | Analyst | Instrument | Verdict | Actions | |||
|---|---|---|---|---|---|---|---|
| “Bullish on Polycab as its entry into the Nifty Next 50 index from September is expected to result in average inflows of …” | Nuvama AnalysisNuvama Alternative & Quantitative Research | Polycab India Ltd | PENDING | ||||
“Bullish on Polycab as its entry into the Nifty Next 50 index from September is expected to result in average inflows of $90 million. The stock has already seen a 21% increase this year, indicating positive momentum.” This call hasn't reached its evaluation window yet — the verdict will appear here once it's graded. | |||||||
Market commentary · 1 · levels, conditionals, previews, macro & hedged views — context, not graded
| Call | Analyst | Instrument | Verdict | Actions |
|---|---|---|---|---|
| “Bullish on Polycab India, GAIL (India), Supreme Petrochem, The Indian Hotels Company, and Gabriel India. These stocks sh…” | ETMarkets AnalysisETMarkets.com | Polycab India, GAIL (India), Supreme Petrochem, The Indian Hotels Company, Gabriel India | PENDING |
Fundamentals
About Polycab India Limited
Polycab India Limited manufactures and sells wires and cables under the POLYCAB brand in India and internationally. The company operates through three segments: Wires and Cables; Fast Moving Electrical Goods (FMEG); and Engineering, Procurement and Construction (EPC). The Wires and Cables segment provides wires, such as PolycabSuprema house wires, PolycabMaxima+ Green wire, PolycabPrimma house wires, ETIRA house wires, PolycabOptima+, GREENWIRE 180m, and POLYCAB LF FR 180m; and cables, such as control, rubber, defense, special, fire protection, marine offshore/onshore, domestic appliance and lighting, aerial bunched, industrial, high temperature, LV power, MV power, EHV power, communication and data, and instrumentation. The Fast Moving Electrical Goods segment offers ceiling, table, pedestal, wall, exhaust, farrata, and air circulated fans; LED lighting and luminaires, such as LED Bulb, downlight, panel light, led batten, outdoor lights, and rope and strip lights; water heaters; switches and accessories; switchgears consisting of isolators, MCB, RCCB, RCBO, distribution board, ACCL, and MCB changeover switches; solar products, including solar panel and invertors; and pumps, conduits, and domestic appliances. The EPC segment designs, engineers, and supplies materials; and engages in the survey, execution, and commissioning of turn-key power distribution, transmission, and rural electrification projects. The company provides coolers and iron appliances. It operates a distribution network through authorized dealers and distributors, and retail outlets. The company was founded in 1964 and is based in Mumbai, India.
Details
Sector
Industrials
Industry
Electrical Equipment & Parts
CEO
Mr. Inder Thakurdas Jaisinghani
Headquarters
Mumbai
Website
polycab.comExchange
View on NSE ↗Key stats
Market cap
₹1.24 L Cr
P/E ratio (TTM)
43.2
Dividend yield
0.58%
EPS (TTM)
₹190.04
Beta (1Y · daily vs NIFTY 50)
1.02
Beta (5Y · monthly vs NIFTY 50)
1.11
Shares float
5.36 Cr
EPS · quarter ended Jun 2026
₹51.94
Upcoming earnings
15 Oct 2026
Financial Performance
01 · Financials
Revenue for Mar 2021–Mar 2022 is as filed with BSE (consolidated), and the first plotted growth figure is computed against Mar 2020 revenue as filed with BSE; the two sources' revenue definitions differ by 1.2% on Mar 2023. FY21 growth needs FY20 filings, which the data source doesn't provide.
02 · Earnings Per Share (EPS)
03 · Dividend Profile
Growth compares completed fiscal-year dividend totals on the company's own calendar: April–March (Indian FY), taken from its reported period-ends. Payout ledger: NSE corporate actions.
04 · Operating Efficiency (Growth Rates)
Balance-sheet-based · pre-FY23 not filed in verifiable form
05 · Capital Structure & Asset Utilization
Pre-FY23 not filed in verifiable form
Asset turnover needs a prior year of assets — omitted for the earliest available year.
06 · Asset Base Composition
Pre-FY23 not filed in verifiable form
07 · Debt Level & Coverage
Pre-FY23 not filed in verifiable form
08 · Profit & Loss
Annual
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| ₹8,926.54 Cr | ₹12,203.76 Cr | ₹14,107.78 Cr | ₹18,039.44 Cr | ₹22,408.31 Cr | ₹28,883.79 Cr | |
| EBITDA | ₹1,304.92 Cr | ₹1,355.12 Cr | ₹1,985.44 Cr | ₹2,712.68 Cr | ₹3,138.92 Cr | ₹4,241.98 Cr |
| ₹885.91 Cr | ₹917.28 Cr | ₹1,269.95 Cr | ₹1,784.05 Cr | ₹2,019.99 Cr | ₹2,672.03 Cr | |
| Diluted EPS | ₹58.96 | ₹60.61 | ₹84.61 | ₹118.49 | ₹133.8 | ₹176.95 |
Depreciation & amortisation has filed figures for only some of the years shown — no further verified source covers the rest, so those years are left blank rather than estimated.
09 · Balance Sheet
Annual
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| — | — | ₹9,425.48 Cr | ₹12,078.88 Cr | ₹13,772.74 Cr | ₹20,476.19 Cr | |
| — | — | ₹1,335.10 Cr | ₹2,023.06 Cr | ₹1,508.67 Cr | ₹4,501.14 Cr | |
| Stockholders' equity | — | — | ₹6,631.14 Cr | ₹8,187.13 Cr | ₹9,825.03 Cr | ₹12,008.58 Cr |
Total assets, Current assets, Inventory, Trade receivables, Cash & equivalents, Non-current assets, Fixed assets, CWIP, Others, Total debt, Long-term debt, Current (short-term) debt, Stockholders' equity have filed figures for only some of the years shown — no further verified source covers the rest, so those years are left blank rather than estimated.
Annual only — the data source doesn’t publish quarterly balance-sheet detail for most NSE-listed companies.
10 · Cash Flow Statement
Annual
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| ₹1,238.22 Cr | ₹511.61 Cr | ₹1,427.52 Cr | ₹1,296.24 Cr | ₹1,808.53 Cr | ₹3,810.67 Cr | |
| Investing cash flow | ₹-1,012.09 Cr | ₹-426.95 Cr | ₹-1,202.65 Cr | ₹-751.88 Cr | ₹-1,239.31 Cr | ₹-2,849.71 Cr |
| ₹-160.57 Cr | ₹-200.69 Cr | ₹-227.07 Cr | ₹-387.41 Cr | ₹-628.28 Cr | ₹-799.04 Cr | |
| Capital expenditure | ₹-193.49 Cr | — | ₹-479.45 Cr | ₹-858.52 Cr | ₹-969.73 Cr | ₹-1,489.81 Cr |
| End cash position | ₹237.72 Cr | ₹121.69 Cr | ₹119.49 Cr | ₹276.44 Cr | ₹217.39 Cr | ₹379.31 Cr |
Depreciation & amortization, Debt issued, Debt repaid, Capital expenditure have filed figures for only some of the years shown — no further verified source covers the rest, so those years are left blank rather than estimated.
Annual only — the data source has no quarterly cash-flow-statement coverage.
11 · Shareholding Pattern
NSE, quarterly
| Line item | Sep 21 | Dec 21 | Mar 22 | Jun 22 | Sep 22 | Dec 22 | Mar 23 | Jun 23 | Sep 23 | Dec 23 | Mar 24 | Jun 24 | Sep 24 | Dec 24 | Mar 25 | Jun 25 | Sep 25 | Dec 25–Mar 26(2Q) | Jun 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 68.36% | 68.15% | 68.08% | 67.99% | 67.97% | 66.61% | 66.20% | 65.99% | 65.91% | 65.79% | 65.24% | 65.02% | 63.06% | 63.05% | 63.04% | 63.01% | 61.52% | 61.50% | 61.46% |
| Public | 31.65% | 31.85% | 31.92% | 32.01% | 32.03% | 33.39% | 33.80% | 34.01% | 34.09% | 34.21% | 34.76% | 34.98% | 36.94% | 36.95% | 36.96% | 36.99% | 38.48% | 38.50% | 38.54% |
| Employee trusts | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Source: NSE quarterly shareholding-pattern filings, collapsed to periods where the reported percentages held steady — a column spanning several quarters means no change was filed across them. No FII/DII sub-split available from this source — Public includes all non-promoter, non-employee-trust holders.
12 · Peer Comparison
Industrials
| Company | ||||||||
|---|---|---|---|---|---|---|---|---|
| Larsen & Toubro Limited | ₹5.24 L Cr | ₹3,836.2 | 31.6 | 4.79 | 14.7% | 1.15 | +11.8% | +4.1% |
| Adani Ports and Special Economic Zone Limited | ₹4.00 L Cr | ₹1,824 | 29.4 | 4.17 | 13.3% | 0.66 | +27.1% | +29.1% |
| Hindustan Aeronautics Limited | ₹3.20 L Cr | ₹4,800.3 | 34.3 | 7.80 | 22.2% | 0.00 | +5.6% | -1.2% |
| Bharat Electronics Limited | ₹2.82 L Cr | ₹395.45 | 46.0 | 11.75 | 25.3% | 0.00 | +15.9% | -4.1% |
| InterGlobe Aviation Limited | ₹1.87 L Cr | ₹4,920 | — | 26.87 | -34.3% | 11.15 | +6.6% | -13.9% |
| ABB India Limited | ₹1.51 L Cr | ₹7,270.5 | 95.5 | 19.28 | 21.3% | 0.01 | +8.1% | +33.7% |
| Bharat Heavy Electricals Limited | ₹1.43 L Cr | ₹429.2 | 58.8 | 5.47 | 6.1% | 0.31 | +18.3% | +83.2% |
| Hitachi Energy India Limited | ₹1.39 L Cr | ₹32,700 | 121.7 | 26.89 | 19.1% | 0.02 | +27.2% | +68.7% |
| Cummins India Limited | ₹1.39 L Cr | ₹5,099.5 | 57.8 | 16.42 | 27.9% | 0.00 | +16.9% | +24.3% |
| CG Power and Industrial Solutions Limited | ₹1.39 L Cr | ₹892 | 107.6 | 17.39 | 15.1% | 0.01 | +25.1% | +13.7% |
| Siemens Limited | ₹1.33 L Cr | ₹3,763.5 | 78.8 | 10.07 | 15.9% | 0.01 | +16.2% | +13.3% |
| Polycab India Limited | ₹1.24 L Cr | ₹8,241 | 43.5 | 10.34 | 22.3% | 0.37 | +28.3% | +13.7% |
Ranked by market cap within Industrials, same metrics as the Fundamentals screener. Click a column to sort.
Documents
IPO documents
Annual reports
Concall transcripts
Show all 11
Official documents linked from their sources — offer documents as filed with SEBI (sebi.gov.in), annual reports and earnings-call transcripts as published on BSE (bseindia.com) and NSE (nseindia.com). Links open the source's own hosting; nothing is re-hosted here.
Index membership
54 indices
NSE weights are a free-float market-cap-share estimate, not NSE’s own published (and sometimes capped) index weight. BSE weights are BSE’s own published index weight, not an estimate. Indices without weight data are listed without one, in alphabetical order after the weighted ones.