Found a bug or want a feature? Verified reports earn free credits.
Log inSign up
Companies›Industrials›Capital Goods›Industrial Products
NSE:POLYCAB

POLYCAB INDIA LIMITED

Capital Goods › Industrial Products·NIFTY 100NIFTY 200NIFTY 500NIFTY INDIA FPI 150+5
₹7,700.50
at close · 28 Oct 2026
▼ 17.50 (-0.23%)
ThemesDefence· growingElectric Vehicles· growingSolar Energy· growingBatteries & Energy Storage· announcedArtificial Intelligence· mention

Latest filings

  1. Polycab to hold virtual one-on-one analyst meet on November 3, 2026 · Board & Shareholder Meetings
  2. NCLAT blocks MSCI delisting of Polycab pending final order · Regulatory & Legal
  3. Polycab India updates exchange on analyst and investor meeting · Board & Shareholder Meetings
All filings ↓
Ask Nexa about POLYCAB INDIA LIMITED

Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

Makes electrical wires and cables for India's power, infrastructure, and construction markets, with FY26 revenue of Rs 28,884 crore split across three segments. The Wires and Cables business is the core, contributing 87.2% of segment revenue at Rs 25,534 crore and earning Rs 3,478 crore in EBIT, supplying products for transmission, distribution, housing, and industrial uses. Fast Moving Electrical Goods (FMEG), which includes switches, fans, lighting and solar inverters, brought in 7.1% of segment revenue (Rs 2,069 crore); solar inverters are now its largest sub-category. The Engineering, Procurement and Construction (EPC) arm contributed 5.7% of revenue (Rs 1,666 crore) executing milestone-linked power and infrastructure projects, with a combined BharatNet and RDSS order book of Rs 10,900 crore. Materials account for 71.4% of revenue — primarily copper and aluminium — while employee costs are 3.0% and other operating costs 11.8%. The business runs a net cash balance sheet and exports to 94 countries, targeting more than 10% of revenue from international sales by 2030.

Revenue mix · reported segments
Wires and Cables87.2%
FMEG (Fast Moving Electrical Goods)7.1%
EPC5.7%
Operating scale
Q1 FY27 consolidated revenue
Rs 8,210 crore (+39% YoY)Q1 FY27
Wires & Cables EBIT margin
13.3%Q1 FY27
FMEG EBIT margin
8%Q1 FY27
Net cash position
INR 39.9 billionQ1 FY27
Capex in the quarter
INR 3.2 billionQ1 FY27
Working capital cycle
15 daysQ1 FY27
Who pays it
Power utilities, infrastructure and EPC contractors, industrial users, retailers and end consumers for FMEG.
Biggest cost
Copper and aluminium raw materials, accounting for 71.4% of revenue.
Kind of business
Asset-heavy industrial products manufacturer, exposed to copper and aluminium price cycles.
Where it sits
Indian wires and cables manufacturer exporting to 94 countries, with a Rs 10,900 crore combined BharatNet and RDSS order book in EPC.
Market Cap
₹1.16 L Cr
P / E (TTM)
40.3×
EV / EBITDA
25.5×
Div Yield
0.47%
Growth
26.5%▲
Revenue 5y CAGR
PAT +25.0% · EBITDA +26.6%
Quality
28.0%▲
ROCE (5y median)
ROE 20.6% (5y median) · margin 14.7%
Leverage
0.01·
Debt / Equity · low
Net cash ₹258 Cr
Revenue FY21→FY26
3.2×▲
Margin −0.5 pts
₹8,927 Cr → ₹28,884 Cr
Cash conversion
1.01×▲
Operating cash ÷ profit · 5 yrs
₹8,855 Cr on ₹8,756 Cr
Moves on a normal day
1.14%·
Median daily move
Last 267 sessions · the yardstick for filing-day moves
Where it sits among 12 Cables - Electricals peersBar = share of peers beaten · tick = industry median · latest reported figures
P/E (TTM)#10/11
P/B#9/10
ROCE#2/13
ROE#1/11
Debt / Equity#2/11
EBITDA margin#2/10
Revenue growth#5/10
Profit growth#6/10

Scorecard

Measured from the filed financials, judged against its Cables - Electricals peers · as of FY26 — not investment advice

Strengths
Revenue compounding 27% a year over 5 years
Profit compounding 25% a year over 5 years
Profit grew in every one of the last 5 years
Returns on capital 28.0% (5-year median)
#2 of 13 in Cables - Electricals on the latest reported figures · up from 22.4% in FY21
Debt at 0.01× equity
lower than 90% of its 11 Cables - Electricals peers
Over 5 years it reported ₹8,756 Cr of profit and ₹8,855 Cr of operating cash — 1.01×
Profit is converting into cash
Pays out 20% of profit as dividend
Concerns
Nothing flagged in the filed numbers.

Charts

How has the market priced it — with filings on the timeline?

POLYCAB · price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Peers

How does it stack up on valuation, returns and growth?

Loading peers…

Financials

Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.

Loading financials…

Ownership

Who owns it — and is the promoter stake clean?

Loading shareholding…

Sign up to see the full company file

Governance, sustainability, compliance, earnings calls, presentations, events, reactions and the full filings feed — free with an account.

Common questions

Answered from POLYCAB INDIA LIMITED's filed financials and exchange disclosures

What does POLYCAB INDIA LIMITED do?

POLYCAB INDIA LIMITED is a Industrial Products company listed on NSE and BSE, trading under the symbol POLYCAB.

Is POLYCAB INDIA LIMITED profitable?

Yes. Over the trailing twelve months POLYCAB INDIA LIMITED reported a net profit of ₹2,905 Cr on revenue of ₹31,188 Cr.

Does POLYCAB INDIA LIMITED pay a dividend?

Yes. The dividend yield is 0.47% at the current price. It paid out 20% of its profit as dividend in FY26.

Is POLYCAB INDIA LIMITED debt-free?

On a net basis, yes. It reported borrowings of ₹132 Cr on its 31 Mar 2026 balance sheet, but holds ₹258 Cr more cash than debt.

Is POLYCAB INDIA LIMITED expensive compared with its peers?

On trailing P/E, POLYCAB INDIA LIMITED ranks 10 of 11 in Cables - Electricals — cheaper than 10% of them, against an industry median of 21.9×. This is a position, not a valuation judgement.

How much does the POLYCAB INDIA LIMITED share price move in a day?

On a typical session POLYCAB INDIA LIMITED moves 1.14% — that is the median absolute close-to-close move across its last 267 trading days. MarketPing measures each filing's price reaction against it.

Where can I track POLYCAB INDIA LIMITED's announcements?

Every NSE and BSE filing by POLYCAB INDIA LIMITED appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.

Figures are as last reported and may lag the latest filing. Not investment advice.