POLYCAB · Polycab India Ltd · Electronic Instr. & Controls
POLYCAB · Polycab India Ltd · Electronic Instr. & Controls
As of 05 Nov close
52-week range
22.5% below 52-week high
52-week range: as of 05 Nov 2026 close.
Price chartDaily closes on the stock page.
Weighted combination of 8 measured readings. Not a probability, a rating or a forecast.
Full signal detail →Fundamentals as of 15 Sep 2026 · the company's own latest record is 52 days old
Revenue (latest Q)
₹8,210 Cr
Revenue YoY
PAT YoY
+32.5%
Operating margin
Revenue, last 8 quarters
P/E (TTM)
P/B
10.1
P/S (TTM)
4
Sector P/E
43.1
Dividend yield
+0.6%
| Company | P/E | P/B | Net margin | ROE | D/E | Div. yield |
|---|---|---|---|---|---|---|
| POLYCAB (this stock) | 52.4 | 10.1 | +9.2% | +23.7% | 0.44 | +0.6% |
| ABB India | 94.7 | 16 | +21.9% | +32.0% | 0.02 | +0.4% |
| Hitachi Energy India | 135.3 | 26.5 | +12.6% | +22.2% | 0.02 | +0.0% |
| CG Power and Industrial Solutions | 114.8 | 17.9 | +9.6% | +20.4% | 1.07 | +0.2% |
Promoter
stable
FII
rising 3q
MF
4.77% (-0.46pp)
falling 3q
Insider trades
No insider trades in the last 12 months.
Bulk/block deals
No bulk/block deals in the last 12 months.
News timeline
- lowzerodha.com· 02 Nov 2026, 08:30 amUpdate on Futures and Options Contracts on Polycab India Limited (POLYCAB)
- mediumregulatoryeconomictimes.indiatimes.com· 30 Oct 2026, 02:36 pmNCLAT sets aside insolvency proceedings against Polycab over Rs 2.78 crore dues
- highregulatorybusiness-standard.com· 13 Oct 2026, 12:27 pmF&O alert: Polycab to exit NSE's Futures & Options segment; stock dips 5%
- mediummacroeconomictimes.indiatimes.com· 13 Oct 2026, 06:05 amSensex, Nifty fall 0.7% as oil surge erases early gains
- highregulatoryeconomictimes.indiatimes.com· 12 Oct 2026, 09:54 pmPolycab India’s F&O exit: NSE sets December 30 deadline; NCLAT stays insolvency order
- mediumcorporate actionthehindubusinessline.com· 29 Sept 2026, 10:09 amBSE shares rise 1.6%, stock to replace Wipro in Nifty 50 reshuffle
- loweconomictimes.indiatimes.com· 06 Sept 2026, 04:35 pmAhead of Market: 10 things that will decide stock market action on Monday
- unknowneconomictimes.indiatimes.com· 29 Aug 2026, 10:37 amBSE, Hindustan Zinc among 5 stocks with revenue growth of up to 64% in 1 year. Check details - Revenue growth
- unknowneconomictimes.indiatimes.com· 28 Aug 2026, 06:00 amBofA initiates coverage on Polycab, KEI with buy ratings; sees up to 22% upside
- loweconomictimes.indiatimes.com· 11 Aug 2026, 11:00 am4 Vedanta Group stocks to see inflows worth $160 million in Nifty September rejig. What investors must know
- lowthehindubusinessline.com· 10 Aug 2026, 09:03 pmBSE stock to enter the Nifty 50 index
- loweconomictimes.indiatimes.com· 10 Aug 2026, 08:58 pmNSE indices rejig: Vodafone Idea, Wipro part of major changes in Nifty Next 50 and Nifty 100. Check full list
- lowtimesofindia.indiatimes.com· 10 Aug 2026, 08:57 pmBSE enters Nifty50, Wipro exits: What changes from September 30
- loweconomictimes.indiatimes.com· 16 Jul 2026, 01:50 pmQ1 results today: Jio Financial, Wipro, Polycab India, BHEL among 41 companies to report earnings
- loweconomictimes.indiatimes.com· 15 Jul 2026, 12:59 pmQ1 results today: HDFC Life Insurance, HDB Financial, Jana SFB, ICICI Prudential among 43 companies to report earnings
Concalls & investor presentations
AI-generatedKey takeaway: Polycab India Limited reported strong Q2 FY27 results, with consolidated revenue growing 53% year-on-year and profit after tax reaching INR 9,900 million, a 43% increase. The Wires and Cables segment delivered 47% revenue growth, driven by robust domestic demand and favorable commodity prices, while the FMEG segment recorded 124% year-on-year growth, supported by solar product demand and government initiatives. EBITDA margins expanded to 14.4%, reflecting operational efficiencies and a favorable product mix. The company highlighted structural growth drivers in India, including infrastructure investment and domestic demand, and noted progress on its strategic initiatives under Project Spring. Management discussed ongoing legal proceedings related to Asier Metals, stating no material impact is expected. The EPC segment reported 53% revenue growth, with strong profitability. Management emphasized disciplined execution, innovation, and long-term growth opportunities in infrastructure, energy transition, and exports. Guidance for FY30 includes EBITDA margins in the 8% to 10% range, with no immediate plans to revise targets despite competitive pressures. The company also noted challenges from global copper price volatility but remains confident in its sourcing strategy and operational resilience.
The document emphasizes strong revenue and profit growth, operational efficiency improvements, and confidence in long-term strategic initiatives.
Sourced from an exchange-filed transcript, dated 19 Oct 2026. Summary is RedixFi-generated and distinct from investment advice.
Key takeaway: Polycab India Limited held its Q1 FY27 Earnings Conference Call on July 16, 2026, where management reported strong performance driven by healthy revenue growth and profitability. Consolidated revenues grew by 39% year-on-year, with EBITDA increasing by 32% and a record Profit After Tax of INR 7,967 million, reflecting a 33% year-on-year growth. The Wires & Cables segment achieved a 39% growth, while the FMEG segment saw a remarkable 71% increase, supported by strong demand in solar products. Management noted that the company remains focused on operational excellence and disciplined capital allocation. Despite global economic uncertainties, India’s domestic demand and government-led infrastructure spending were highlighted as key growth drivers. The management expressed confidence in sustaining growth momentum and enhancing competitive positioning, while also addressing challenges in the international market due to geopolitical factors.
Management emphasized strong performance and growth opportunities despite global uncertainties.
Sourced from an exchange-filed transcript, dated 20 Jul 2026. Summary is RedixFi-generated and distinct from investment advice.
Key takeaway: Polycab India Limited's earnings conference call on May 6, 2026, highlighted a strong performance in Q4 FY26, with the company achieving its highest annual and quarterly revenues. Management reported a 27% year-on-year growth in consolidated revenue, driven by robust demand in the Wires and Cables and FMEG segments. Despite geopolitical challenges affecting demand sentiment, the company maintained a strong balance sheet with a net cash position of INR 41.9 billion. Management noted that while Q4 showed some moderation in demand, particularly due to the Middle East situation, the overall domestic demand remained robust, supported by government capital expenditure and a healthy consumption environment. The company also reported significant market share gains in the organized wires and cables market, increasing from 26-27% in FY25 to 30-31% in FY26. Management emphasized their commitment to long-term growth through continued investment in innovation and capacity expansion under Project Spring.
Management emphasized strong performance and growth despite external challenges.
Sourced from an exchange-filed transcript, dated 08 May 2026. Summary is RedixFi-generated and distinct from investment advice.
AI Summary of Annual Report
AI-generatedPolycab India Limited's FY2025-26 annual report highlights key business developments, including the amalgamation of Uniglobus Electricals with the company, enhancing operational synergies and R&D integration. The report emphasizes strong corporate governance, ethical practices, and sustainability initiatives. Financially, the company reported a loss before tax of INR 210.12 million, with no significant deficiencies in internal controls noted. The report also details contingent liabilities, including unclaimed dividends and disputed dues, and outlines compliance with statutory requirements.
- Amalgamation of Uniglobus Electricals with Polycab India Limited to enhance operational synergies and R&D integration.
- No significant deficiencies in internal controls noted, with effective risk management and compliance frameworks.
- Contingent liabilities include unclaimed dividends and disputed dues, with specific amounts and timelines outlined.
Key takeaway: Polycab India Limited's FY2025-26 report underscores strategic business integration, robust governance, and financial challenges including losses and contingent liabilities, requiring careful monitoring of unclaimed dividends and disputed dues.
The following annual report excerpts provide qualitative strategic context. Do not treat any specific financial figures in these excerpts as authoritative — they may be incorrectly labeled due to PDF table extraction limitations. For precise financial data, refer to the structured fundamentals data above.
Governance disclosures
AI-generatedNeeds attention
Regulatory Action (1 item); Default / Covenant Breach (2 items)
Items of these kinds are disclosed in the filings. This is a count of disclosed items. It is not a finding about the company and its cause has not been independently established.
Regulatory Action
1 occurrenceRecent (last 12 months)
Polycab India Limited has unpaid dividends that are due for transfer to the Investor Education and Protection Fund (IEPF) as per Section 124(5) of the Companies Act, with specific amounts and dates listed for each dividend year.
Default / Covenant Breach
2 occurrencesRecent (last 12 months)
The company is involved in a legal proceeding regarding a commercial dispute of INR 2.79 crores related to Asier Metals, with an appeal pending before the NCLAT, which has stayed the order of admission and initiation of CIRP against the company.
The company has statutory dues in arrears for more than six months as of 31 March 2026, including Goods and Service Tax, Income Tax, and Customs duty, with amounts totaling 135.99 K in millions pending before High Court, Appellate Authority, and GST Department for the periods 2018-19 to 2024-25.
Routine disclosures
Contingent Liability
2 occurrencesRecent (last 12 months)
Polycab India Limited has contingent liabilities related to warranty obligations for general repairs of defects existing at the time of sale, as required by law, accounted for under Ind AS 37.
Earlier (1-3 years ago)
The Group provides warranties for general repairs of defects existing at the time of sale, as required by law, and these are accounted for under Ind AS 37 Provisions, Contingent Liabilities and Contingent Assets.
Related-Party Transaction
2 occurrencesRecent (last 12 months)
The company has receivables due from directors or other officers, as mentioned in note 37 related to related party disclosures.
Earlier (1-3 years ago)
Polycab India Limited contributed to Polycab Social Welfare Foundation (PSWF) as part of CSR expenditure, where Key Management Personnel (KMPs) have an interest.
Statutory dues in dispute
1 occurrenceEarlier (1-3 years ago)
Polycab India Limited has statutory dues relating to Goods and Service Tax, Provident Fund, Employees State Insurance, Income-Tax, Duty of Customs or Cess from 2010-11 to 2024-25, with amounts not paid and disputes pending before various forums including High Court, CESTAT, and GST Department.
Promoter Share Pledge
1 occurrenceRecent (last 12 months)
1.05% of promoter holding pledged (quarter 2026-Q3 as of 2026-07-18).