POLYCAB
Polycab India Limited (POLYCAB) Stock Analysis
Polycab India Limited manufactures wires, cables, fans, and fast-moving electrical goods for residential and industrial use. It is a market leader in India's organised cable industry with strong brand recall. The company distributes through an extensive dealer network. It is listed on Indian stock exchanges.
Industrials › Electrical Equipment & Parts
₹8,255.00
+3.32% 1W | +7.50% 52W
Market Cap
124.3k CR
P/E Ratio
42.5
52W High
₹10126
52W Low
₹6663
Div. Yield
0.58%
Beta
0.7
50 DMA
₹8699.9
200 DMA
₹8418.4
Profit Margin
9.2%
Inst. Own.
16.5%
📉 CONSOLIDATING DOWN
📉 CONSOLIDATING DOWN
Fundamentals
Profit & Loss
| Metric | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 3,889 | 4,218 | 4,340 | 5,592 | 4,698 | 5,498 | 5,226 | 6,986 | 5,906 | 6,477 | 7,636 | 8,864 | 8,210 |
| Expenses | 3,341 | 3,609 | 3,771 | 4,830 | 4,115 | 4,867 | 4,506 | 5,960 | 5,048 | 5,456 | 6,670 | 7,703 | 7,074 |
| Operating Profit | 549 | 609 | 570 | 762 | 583 | 632 | 720 | 1,025 | 858 | 1,021 | 966 | 1,161 | 1,136 |
| OPM % | 14% | 14% | 13% | 14% | 12% | 11% | 14% | 15% | 15% | 16% | 13% | 13% | 14% |
| Other Income | 64 | 35 | 71 | 54 | 58 | 76 | 25 | 48 | 80 | 45 | 50 | 60 | 105 |
| Interest | 25 | 27 | 32 | 24 | 41 | 45 | 50 | 33 | 51 | 48 | 69 | 75 | 80 |
| Depreciation | 57 | 60 | 62 | 66 | 67 | 72 | 79 | 80 | 86 | 97 | 106 | 98 | 103 |
| Profit before tax | 530 | 557 | 546 | 725 | 533 | 590 | 617 | 961 | 801 | 921 | 842 | 1,049 | 1,058 |
| Tax % | 24% | 23% | 24% | 24% | 25% | 25% | 25% | 24% | 25% | 25% | 25% | 25% | 25% |
| Net Profit | 403 | 430 | 417 | 553 | 402 | 445 | 464 | 734 | 600 | 693 | 630 | 786 | 797 |
| EPS in Rs | 26.67 | 28.37 | 27.49 | 36.34 | 26.34 | 29.24 | 30.42 | 48.31 | 39.34 | 45.54 | 41.30 | 51.33 | 52.07 |
| Metric | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 4,707 | 5,202 | 5,500 | 6,770 | 7,986 | 8,830 | 8,792 | 12,204 | 14,108 | 18,039 | 22,408 | 28,884 | 31,188 |
| Expenses | 4,266 | 4,710 | 5,020 | 6,041 | 7,035 | 7,701 | 7,681 | 10,940 | 12,265 | 15,548 | 19,445 | 24,870 | 26,903 |
| Operating Profit | 442 | 492 | 480 | 729 | 950 | 1,129 | 1,111 | 1,264 | 1,843 | 2,492 | 2,964 | 4,013 | 4,284 |
| OPM % | 9% | 9% | 9% | 11% | 12% | 13% | 13% | 10% | 13% | 14% | 13% | 14% | 14% |
| Other Income | 5 | 32 | 75 | 65 | 64 | 91 | 164 | 161 | 133 | 221 | 204 | 229 | 261 |
| Interest | 108 | 147 | 66 | 94 | 117 | 50 | 43 | 35 | 60 | 108 | 169 | 243 | 272 |
| Depreciation | 98 | 111 | 128 | 133 | 141 | 161 | 176 | 202 | 209 | 245 | 298 | 386 | 403 |
| Profit before tax | 241 | 265 | 361 | 567 | 756 | 1,010 | 1,056 | 1,188 | 1,707 | 2,359 | 2,701 | 3,613 | 3,871 |
| Tax % | 32% | 30% | 36% | 37% | 34% | 24% | 16% | 23% | 25% | 24% | 24% | 25% | |
| Net Profit | 164 | 185 | 233 | 359 | 500 | 766 | 886 | 917 | 1,282 | 1,803 | 2,046 | 2,708 | 2,905 |
| EPS in Rs | 11.64 | 13.09 | 16.48 | 25.35 | 35.39 | 50.97 | 59.15 | 60.80 | 84.80 | 118.75 | 134.28 | 177.48 | 190.24 |
| Dividend Payout % | 9% | 13% | 6% | 0% | 8% | 14% | 17% | 23% | 24% | 25% | 26% | 26% |
Growth — CAGR
| Metric | 3Y | 5Y | 10Y |
|---|---|---|---|
| Revenue CAGR | 27.0% | 27.0% | 19.0% |
| Profit CAGR | 28.0% | 24.0% | 30.0% |
Shareholding Pattern
Promoters63.01%
FIIs11.45%
DIIs11.61%
Public13.94%
Promoters61.53%
FIIs13.96%
DIIs11.70%
Public12.83%
Promoters61.50%
FIIs14.82%
DIIs11.13%
Public12.54%
Promoters61.50%
FIIs18.21%
DIIs7.95%
Public12.33%
Promoters61.46%
FIIs19.00%
DIIs7.62%
Public11.92%
Promoters66.21%
FIIs9.78%
DIIs9.34%
Public14.67%
Promoters65.24%
FIIs11.96%
DIIs7.23%
Public15.58%
Promoters63.04%
FIIs11.11%
DIIs10.95%
Public14.90%
Promoters61.50%
FIIs18.21%
DIIs7.95%
Public12.33%
Promoters61.46%
FIIs19.00%
DIIs7.62%
Public11.92%
POLYCAB
Holdings Analysis
Key strengths & risk signals
66
Overall
84
Fundamental
49
Technical
Risks (4)
LOW MARGIN! 9.2% profit margin - thin profits.
WEAK POSITION! Current price (8255.0) is below both moving averages.
BEARISH SENTIMENT! In last 30 days: 14 up days, 16 down days. Avg volume on up days: 355,586 vs down days: 518,180. Ratio: 0.69x
POSITIVE YEAR! Stock gained 7.5% in the last year.
Strengths (4)
PERFECT RECORD! Revenue has grown consistently every year. Exceptional business stability.
BULLISH TREND! 50-day average (8699.9) is above 200-day average (8418.4) - positive signal.
LOW VOLATILITY! Beta of 0.70 - stable stock, less market risk.
NEUTRAL! RSI at 45.6 - balanced momentum.
Fundamental & Technical Analysis
66Overall
84Fundamental
49Technical
Fundamental Breakdown
Growth Quality
30/30
Revenue CAGR: 26.6% (EXCELLENT, 15/15). Profit CAGR: 28.1% (EXCELLENT, 15/15).
Profit Margin
3/10
LOW MARGIN! 9.2% profit margin - thin profits.
PEG Valuation
8/10
FAIRLY VALUED! PEG of 1.51 indicates reasonable valuation.
Dividend Yield
3/10
NEGLIGIBLE DIVIDEND! 0.58% yield - little to no income.
Debt to Equity
10/10
VERY LOW DEBT! D/E of 0.15 - excellent financial health.
Public Holding
20/20
VERY LESS PUBLIC HOLDING! 14.61% public ownership - strong promoter/institutional control.
Stability Index
10/10
PERFECT RECORD! Revenue has grown consistently every year. Exceptional business stability.
Technical Breakdown
Moving Averages
10/10
BULLISH TREND! 50-day average (8699.9) is above 200-day average (8418.4) - positive signal.
Price Position
2/10
WEAK POSITION! Current price (8255.0) is below both moving averages.
Trend Pattern
10/20
Current trend: CONSOLIDATING DOWN
52W Performance
4/10
POSITIVE YEAR! Stock gained 7.5% in the last year.
Volume Sentiment
10/30
BEARISH SENTIMENT! In last 30 days: 14 up days, 16 down days. Avg volume on up days: 355,586 vs down days: 518,180. Ratio: 0.69x
RSI
3/5
NEUTRAL! RSI at 45.6 - balanced momentum.
52W Range
3/5
MID RANGE! Trading at 46.0% of 52W range - neutral zone.
Momentum
2/5
WEAK MOMENTUM! Limited price growth - 3.3% (1 week), -1.2% (1 month), -10.4% (3 months).
Beta
5/5
LOW VOLATILITY! Beta of 0.70 - stable stock, less market risk.
POLYCAB
Concall / Investor Presentation
Earnings call transcripts & AI summaries
| Quarter | Concall | Summary |
|---|---|---|
| Q4FY262026-07-20 | Concall PDF | |
| Q2FY262026-01-22 | Concall PDF | |
| Q1FY262025-10-28 | Concall PDF |
Peer Comparison
Industrials · Electrical Equipment & Parts · 8 stocks
| Stock | Price | P/E | Profit Margin | Revenue CAGR 5Y | Profit CAGR 5Y | 52W Change | Stock Strength | Trendline | YoY Profit | QoQ Profit | YoY Revenue | QoQ Revenue |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| POLYCAB | ₹8,255.00 | 42.5 | 9.2% | 26.6% | 28.1% | +7.5% | 66 | CONSOLIDATING DOWN | +32.5% | +1.5% | +39.0% | -7.4% |
| CGPOWER | ₹855.50 | 107.9 | 9.8% | 21.2% | 7.8% | +17.5% | 69 | BREAKDOWN | +16.3% | -14.4% | +14.0% | -4.7% |
| POWERINDIA | ₹30,605.00 | 118.6 | 12.6% | 22.2% | 119.1% | +75.3% | 85 | BREAKOUT | +123.6% | -11.0% | +70.8% | -9.8% |
| APARINDS | ₹17,984.00 | 60.1 | 4.8% | 17.0% | 15.3% | +116.6% | 78 | APPROACHING RESISTANCE | +77.8% | +84.5% | +29.2% | -0.1% |
| HAVELLS | ₹1,041.50 | 40 | 6.9% | 9.9% | 16.4% | -31.6% | 57 | BREAKDOWN | -16.5% | -59.8% | +19.5% | -2.8% |
| KEI | ₹4,585.00 | 44 | 8.1% | 19.1% | 24.4% | +7.1% | 62 | CONSOLIDATING DOWN | +40.1% | -3.6% | +23.0% | -8.4% |
| RRKABEL | ₹2,705.60 | 50.4 | 5.6% | 20.1% | 37.4% | +111.9% | 77 | CONSOLIDATING UP | +128.8% | +22.1% | +53.9% | +6.9% |
| HONAUT | ₹32,495.00 | 52.1 | 11.7% | 10.9% | 6.2% | -8.0% | 68 | APPROACHING SUPPORT | +20.9% | -5.6% | +1.8% | +2.0% |
Data from TradeAlone · Updated daily
