Polycab India share price
NSE: POLYCABBSE: 542652Industrial ProductsLarge Cap
Share price at the NSE close on 30 Oct 2026. Previous close ₹7,745.00.
30 Oct: open ₹7,700.00, high ₹7,950.00, low ₹7,573.50
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies. Market capitalisation: how it is worked out
- ₹1,17,347 Cr82nd largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. Price to earnings, trailing: how it is worked out
- 37.18
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. Price to book: how it is worked out
- 8.96
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 0.60%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it.
- 26.6%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet.
- 32.0%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Sep 2026.
- 0.01
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day. Volume in the glossary
- 3,46,38638.4% delivered
About Polycab India
Polycab India Limited makes wires and cables and fast-moving electrical goods (FMEG) such as fans, switches, switchgear, lighting, and conduit pipes and fittings, for homes, industries and infrastructure.12 Its engineering, procurement and construction (EPC) business carries out electrification, optical fibre and high-voltage cable projects for government bodies and private companies.3 It sells through dealers, distributors, retail outlets and institutional channels, and exports to other countries.3
It runs 26 manufacturing facilities and 35 warehouses in India, sells through more than 3,900 authorised dealers and 190,000 retail outlets, and has served customers in 94 countries.4 At 31 Mar 2026 it had 7 subsidiaries, including Dowells Cable Accessories (60% owned), which makes cable lugs, connectors and glands, and Tirupati Reels (55% owned), which supplies cable drums to the company.5 Together, all its subsidiaries made about 2.6% of consolidated turnover in the year to Mar 2026.6
It was incorporated in 1996.7 Its registered office is in Halol, Gujarat, and its corporate office is in Mumbai.7 Inder T. Jaisinghani is Chairman and Managing Director, and Bharat A. Jaisinghani and Nikhil R. Jaisinghani are Joint Managing Directors.89 Uniglobus Electricals and Electronics, a wholly owned subsidiary, was merged into the company with effect from 27 Mar 2026, and Polycon Infra Projects was set up as a wholly owned subsidiary on 24 Apr 2026 to carry out EPC projects.106
Polycab India key points
Results
- In the quarter to Sep 2026, consolidated revenue from operations was ₹98,989 million, up 53% on a year earlier.1112
- EBITDA (earnings before interest, tax, depreciation and amortisation) rose 39% in the quarter, and profit after tax was a record ₹9,900 million, up 43%, a margin of 10.0%.13
- In the year to Mar 2026, consolidated revenue was ₹288,838 million, up 29%, EBITDA ₹40,057 million, up 35%, and profit after tax ₹27,084 million, up 32%.141516
- Net cash (cash and investments less borrowings) was ₹45.2 billion at the end of Sep 2026, against ₹29.4 billion a year earlier.17
Market position
- The company estimates its share of India's organised wires and cables market at 30-31% in the year to Mar 2026, after gaining an estimated 3-4% market share.18
- It counts itself among the top 5 Indian consumer (B2C) switchgear companies by market share.19
- In solar string inverters (which convert panel output for use), it reports about 20% market share, a top 3 position in India and a run rate of 45,000 units a month in the year to Mar 2026.20
Business segments
- Wires and cables (87% of revenue). Revenue grew 33% to ₹252 billion in the year to Mar 2026. In the quarter to Sep 2026 it grew 47%, at an EBIT margin (operating profit as a share of revenue) of 14.2%.212223
- FMEG (7% of revenue). Revenue rose 25% to ₹20,693 million in the year to Mar 2026. In the quarter to Sep 2026 it was a record ₹9,931 million, up 124%, at an EBIT margin of 10.1%; solar products are the largest category.242526
- EPC (6% of revenue). Revenue fell 13.2% to ₹16.7 billion in the year to Mar 2026, at an EBIT margin of 9.9%. In the quarter to Sep 2026 it was ₹6,171 million, up 53%, at an EBIT margin of 7.2%.2728
Where revenue comes from
- Exports were ₹15,695 million in the year to Mar 2026, up 16.7% and 5.4% of consolidated revenue. In the quarter to Sep 2026 they grew 17% and made up 5.0% of revenue.2930
- Share of international business revenue by region31
Item year to Mar 2026 North America 39% South America 21% Europe 16% Middle East 16% Asia 4% Australia 3% Africa 1% - In the quarter to Sep 2026, the West was the largest region for wires and cables, followed by the South, North and East.32
Plants and capacity
- Annual manufacturing capacity31
Item year to Mar 2026 Wires and cables, Halol and Daman 6 million km Switchgear, Nashik 24.4 million units Switches, Halol and Daman 10 million units Fans, Halol and Daman 6 million units - Capacity utilisation was 75-80% of installed capacity in the year to Mar 2026, and 100% of the wires and cables it sold were made in-house.33
- Capital spending was ₹14.8 billion in the year to Mar 2026, up from ₹9.6 billion and its highest ever, mostly on capacity expansion, and ₹6.1 billion in the half year to Sep 2026.143435
Order book
- The annual report for the year to Mar 2026 gives the EPC open order book (orders received but not yet delivered) as ₹113 billion.36
- In the year to Mar 2026 it won BharatNet Phase-III contracts of about ₹80 billion for optical fibre networks linking village councils (Gram Panchayats) in states including Karnataka, Goa, Bihar and Tamil Nadu, to be built over 3 years and maintained for 10.37
What the company expects
- The company stated in its annual report for the year to Mar 2026 that Project Spring, its plan to Mar 2030, aims to grow wires and cables at about 1.5 times the industry, FMEG at 1.5 to 2 times, and exports above 10% of revenue.3839
- The company stated in its annual report for the year to Mar 2026 that it plans to invest ₹60-80 billion over 5 years and aims for FMEG EBITDA margins of 8-10% by Mar 2030.4041
- On its earnings call of 15 Oct 2026, the company said it expects wires and cables EBITDA margins of 11% to 13% and EPC margins in the high single digits over the medium to long term.42
Litigation and regulatory matters
- On 7 Oct 2026, the National Company Law Tribunal, Ahmedabad Bench admitted a petition by Asier Metals Private Limited to start insolvency proceedings against the company over an alleged operational debt of ₹2.79 crore.43
- The company appealed, and on 9 Oct 2026 the National Company Law Appellate Tribunal stayed the admission order; the company said operations continue as usual.4445
- In its exchange filing of 13 Oct 2026, the company said the appeal was listed for hearing on 26 Oct 2026. On its earnings call of 15 Oct 2026, it said an early hearing took place that day; its documents give no outcome.4546
Last updated
All 46 sources, each with its page
- 1. Annual report, 9 Jun 2026, page 9
- 2. Annual report, 9 Jun 2026, page 18
- 3. Annual report, 9 Jun 2026, page 151
- 4. Exchange filing, 13 Oct 2026, page 2
- 5. Annual report, 9 Jun 2026, page 216
- 6. Annual report, 9 Jun 2026, page 275
- 7. Annual report, 9 Jun 2026, page 1
- 8. Annual report, 9 Jun 2026, page 16
- 9. Annual report, 9 Jun 2026, page 15
- 10. Annual report, 9 Jun 2026, page 217
- 11. Investor presentation, 15 Oct 2026, page 15
- 12. Investor presentation, 15 Oct 2026, page 5
- 13. Earnings call, 15 Oct 2026, page 6
- 14. Annual report, 9 Jun 2026, page 70
- 15. Annual report, 9 Jun 2026, page 71
- 16. Annual report, 9 Jun 2026, page 5
- 17. Earnings call, 15 Oct 2026, page 6
- 18. Annual report, 9 Jun 2026, page 213
- 19. Annual report, 9 Jun 2026, page 146
- 20. Annual report, 9 Jun 2026, page 23
- 21. Annual report, 9 Jun 2026, page 141
- 22. Earnings call, 15 Oct 2026, page 6
- 23. Earnings call, 15 Oct 2026, page 7
- 24. Annual report, 9 Jun 2026, page 214
- 25. Investor presentation, 15 Oct 2026, page 9
- 26. Earnings call, 15 Oct 2026, page 7
- 27. Annual report, 9 Jun 2026, page 148
- 28. Earnings call, 15 Oct 2026, page 7
- 29. Annual report, 9 Jun 2026, page 59
- 30. Investor presentation, 15 Oct 2026, page 7
- 31. Annual report, 9 Jun 2026, page 11
- 32. Earnings call, 15 Oct 2026, page 6
- 33. Annual report, 9 Jun 2026, page 12
- 34. Annual report, 9 Jun 2026, page 214
- 35. Earnings call, 15 Oct 2026, page 6
- 36. Annual report, 9 Jun 2026, page 8
- 37. Annual report, 9 Jun 2026, page 148
- 38. Annual report, 9 Jun 2026, page 9
- 39. Annual report, 9 Jun 2026, page 213
- 40. Annual report, 9 Jun 2026, page 213
- 41. Annual report, 9 Jun 2026, page 147
- 42. Earnings call, 15 Oct 2026, page 7
- 43. Exchange filing, 7 Oct 2026, page 1
- 44. Exchange filing, 13 Oct 2026, page 1
- 45. Exchange filing, 13 Oct 2026, page 2
- 46. Earnings call, 15 Oct 2026, page 5
Results
Consolidated; ₹ crore.Polycab India quarterly results
- Revenue growth, 12 monthsRevenue growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +40.7%
- Net profit growth, 12 monthsNet profit growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +28.2%
Quarter to Sep 2026, against the quarter before
- RevenueRevenue. The pill is the change in revenue against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹9,899 Crup 20.58%
- Net profitNet profit. The pill is the change in net profit against the quarter before: this period's figure divided by that one's, less one, in per cent. Net profit in the glossary
- ₹990 Crup 24.27%
- Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. Net margin in the glossary
- 10.0%
Revenue by quarter
Net profit by quarter, a loss in red
| ₹ crore | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 5,226 | 6,986 | 5,906 | 6,477 | 7,636 | 8,864 | 8,210 | 9,899 |
| Net profit | 464 | 734 | 600 | 693 | 630 | 786 | 797 | 990 |
| Net margin | 8.9% | 10.5% | 10.2% | 10.7% | 8.3% | 8.9% | 9.7% | 10.0% |
Year to Mar 2026, against the year before
- RevenueRevenue. The pill is the change in revenue against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹28,884 Crup 28.90%
- Net profitNet profit. The pill is the change in net profit against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹2,708 Crup 32.41%
- Net margin
- 9.4%
Revenue by year
Net profit by year, a loss in red
The years either side of a change of basis do not compare. From the year to Mar 2022, the company's revenue for that year, ₹12,204 Cr, differs from its quarters added, ₹12,351 Cr.
| ₹ crore | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 7,956 | 8,830 | 8,927 | 12,204 | 14,108 | 18,039 | 22,408 | 28,884 |
| Net profit | 500 | 766 | 886 | 917 | 1,282 | 1,803 | 2,046 | 2,708 |
| Net margin | 6.3% | 8.7% | 9.9% | 7.5% | 9.1% | 10.0% | 9.1% | 9.4% |
Business segments
Share of revenue, year to Mar 2026, consolidated.Segment revenue and profit
- Wires and CablesWires and Cables, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹25,534 Crup 32.74%87.2%
- FMEGFMEG, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹2,069 Crup 23.02%7.1%
- EPCEPC, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹1,666 Crdown 13.17%5.7%
Valuation
Today, against the company's own history. Its history crosses a change of basis in the accounts in the year to Mar 2022: days before it are of the company before the change.Polycab India PE ratio and valuation
At or below today's level on 14% of 1,240 trading days over the last 5 years.
At or below today's level on 55% of 1,741 trading days since Oct 2019.
At or below today's level on 86% of 1,793 trading days since Jul 2019.
Where the return came from
Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.
| Over | Return a year | Earnings growth | Change in P/E | Dividend yield |
|---|---|---|---|---|
| 1 year | +33.6% | +32.1% | +0.6% | 0.7% |
| 3 years | +34.1% | +27.9% | +4.3% | 0.7% |
| 5 years | +38.4% | +24.6% | +10.6% | 0.6% |
Mutual fund holdings
244 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 105 of the 137 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future. 1 more fund filed its first portfolio on record, holding it.All 244 funds holding Polycab India
- Bought for the first timeBought for the first time. Funds that held it at the month's end and had not held it in any month on record before.
- 45
- Bought againBought again. Funds that held it at the month's end, had not held it the month before, and held it in an earlier month.
- 4
- AddedAdded. Funds that held more shares than at the end of the month before.
- 60
- CutCut. Funds that held fewer shares than at the end of the month before.
- 77
- Held unchangedHeld unchanged. Funds that held the same number of shares as at the end of the month before.
- 57
- Sold outSold out. Funds that held it at the end of the month before and hold none at this month's end. Sold out in the glossary
- 55
| Fund | |||
|---|---|---|---|
| 6,87,158 | 1.74% | ₹551.5 Cr | |
| 5,74,340 | 0.64% | ₹461.0 Cr | |
| 5,07,393 | 1.81% | ₹407.2 Cr | |
| 3,42,000 | 2.04% | ₹274.5 Cr | |
| 2,94,607 | 1.28% | ₹236.5 Cr | |
| 2,75,000 | 1.59% | ₹220.7 Cr | |
| 2,55,595 | 0.27% | ₹205.1 Cr | |
| 2,45,734 | 2.48% | ₹197.2 Cr | |
| 2,13,197 | 1.76% | ₹171.1 Cr | |
| 1,96,230 | 0.82% | ₹157.5 Cr |
Promoter and insider buying and selling
Trades made since 31 Oct 2025.Polycab India insider trading
No promoter, director, key manager or employee bought or sold on the market.
- Promoters and promoter group: no market trade
- Others: no market trade · 62 pledge filings of unclear kind
Polycab India competitors and peers
Cables - Electricals, 24 listed companies, priced on 30 Oct 2026. The table lists the 8 companies closest to Polycab India in market cap.Capital goods stocks
Where the company sits among the companies nearest its size
| Company | ||||||||
|---|---|---|---|---|---|---|---|---|
| 36,041 | 34.14 | 5.00 | +25.2% | +33.5% | 15.8% | 18.2% | 0.12% | |
| 23,251 | 34.60 | 7.65 | +45.4% | +66.4% | 25.0% | 26.3% | 0.46% | |
| 17,435 | 21.79 | 2.86 | +26.5% | +29.2% | 13.8% | 10.8% | 0.79% | |
| 4,470 | 44.67 | 15.44 | – | – | 41.8% | – | 0.00% | |
| 4,176 | 20.85 | 2.21 | +33.6% | +71.7% | 10.9% | 8.2% | 0.37% | |
| 2,823 | – | – | – | – | – | – | 0.00% | |
| 2,644 | – | – | – | – | – | – | 0.00% | |
| 2,011 | 27.96 | 2.19 | +19.5% | −1.6% | 8.6% | 9.9% | 0.00% |
Dividends
Per share, by the year it was paid for, and the latest payments.Polycab India dividend history
Dividend per share, ₹, restated for later splits and bonuses
Dividend per share. The dividends declared for the year, each restated to today's share count by the splits and bonuses after its own ex-date, added up. Dividend per share in the glossary| Ex-date | Type | Per share |
|---|---|---|
| 19 Jun 2026 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. Final dividend in the glossary | ₹47.00 |
| 24 Jun 2025 | Final | ₹35.00 |
| 9 Jul 2024 | Final | ₹30.00 |
| 21 Jun 2023 | Final | ₹20.00 |
| 21 Jun 2022 | Final | ₹14.00 |
| 12 Jul 2021 | Final | ₹10.00 |
Latest announcements
Routine notices left out.Polycab India announcements
Oct 2026
30 Oct · Corporate Insolvency Resolution Process
28 Oct · General Updates
28 Oct · Corporate Insolvency Resolution Process
27 Oct · General Updates
23 Oct · General Updates
19 Oct · General Updates
Polycab India share price by year
Each calendar year to 2025.Polycab India share price history
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2025 | 7,619.00 | +4.8% | 7,845.00 | 4,679.55 |
| 2024 | 7,272.35 | +32.6% | 7,541.35 | 3,878.45 |
| 2023 | 5,484.85 | +113.5% | 5,691.95 | 2,580.00 |
| 2022 | 2,569.10 | +4.2% | 3,000.10 | 2,080.20 |
| 2021 | 2,466.50 | +137.9% | 2,563.15 | 1,035.45 |
| 2020 | 1,036.85 | +4.5% | 1,163.45 | 579.65 |
| 2019 | 992.25 | – | 1,037.10 | 535.75 |
Recent sessions
The 9 trading days to 29 Oct 2026, as traded on NSE; the latest is at the top of the page.
| Date | Open | High | Low | Close | Average price | Volume | Delivery |
|---|---|---|---|---|---|---|---|
| 29 Oct 2026 | 7,784.50 | 7,948.00 | 7,721.00 | 7,745.00 | 7,802.30 | 3,25,369 | 51.7% |
| 28 Oct 2026 | 7,701.00 | 7,900.00 | 7,665.50 | 7,680.00 | 7,770.09 | 2,98,745 | 59.6% |
| 27 Oct 2026 | 7,738.00 | 7,769.00 | 7,600.00 | 7,718.00 | 7,685.58 | 3,50,924 | 65.1% |
| 26 Oct 2026 | 7,432.00 | 7,739.00 | 7,377.50 | 7,739.00 | 7,597.87 | 2,25,323 | 53.9% |
| 23 Oct 2026 | 7,647.00 | 7,647.50 | 7,372.50 | 7,440.00 | 7,454.22 | 3,25,551 | 56.8% |
| 22 Oct 2026 | 7,750.00 | 7,759.50 | 7,558.00 | 7,671.00 | 7,647.28 | 3,35,530 | 52.7% |
| 21 Oct 2026 | 8,095.00 | 8,095.00 | 7,712.00 | 7,770.50 | 7,838.36 | 3,08,749 | 51.8% |
| 19 Oct 2026 | 8,238.00 | 8,238.00 | 7,990.00 | 8,025.00 | 8,046.59 | 2,94,308 | 43.4% |
| 16 Oct 2026 | 8,238.00 | 8,329.50 | 8,132.50 | 8,219.00 | 8,206.62 | 5,97,786 | 55.8% |
Price adjustments
What the price chart is corrected for, so it reads as one share held throughout.
| Ex-date | Event | Price factor | What happened |
|---|---|---|---|
| 11 Jan 2024 | Price move | – | Between two trading sessions the price moved by a fifth or more. The company made an announcement in time for trading that day or the trading day before. Not adjusted for. |
Company details
- NSE symbol
- POLYCAB
- BSE code
- 542652
- ISIN
- INE455K01017
- Industry
- Industrial Products
- Website
- www.polycab.com
- CIN
- L31300GJ1996PLC114183
- Corporate identity number, the registrar of companies' code for it
- Incorporated
- 1996
- Registered office
- Unit - 4, Plot No. 105, Halol Vadodara Road, Village Nurpura, Taluka Halol, Panchmahal 389350, Gujarat
- Share registrar
- KFin Technologies Ltd
- Keeps the register of shareholders and handles transfers and dividend payments