Polycab India logo

Polycab India share price

NSE: POLYCABBSE: 542652Industrial ProductsLarge Cap

Polycab India Limited · Face value ₹10 · Listed Apr 2019 · Issue price ₹538
Last close ₹7,787.00up ₹42.00 (0.54%)BSE ₹7,800.00

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

52-week range of traded prices to 30 Oct 2026
₹6,663.00Low, 27 Jan 2026₹10,126.00High, 22 Jun 2026
Market cap
₹1,17,347 Cr82nd largest listed
P/E
37.18
P/B
8.96
Dividend yield
0.60%
ROE
26.6%
ROCE
32.0%
Debt to equity
0.01
Volume, NSE
3,46,38638.4% delivered

Polycab India share price chart

Daily closes since Apr 2019, adjusted for splits and bonuses

−0.7%over a year · Nifty 500 −8.2%

ResultsDividend20-session average 4,54,554 shares a day, 51.5% 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
    Itemyear to Mar 2026
    North America39%
    South America21%
    Europe16%
    Middle East16%
    Asia4%
    Australia3%
    Africa1%
  • 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
    Itemyear to Mar 2026
    Wires and cables, Halol and Daman6 million km
    Switchgear, Nashik24.4 million units
    Switches, Halol and Daman10 million units
    Fans, Halol and Daman6 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. 1. Annual report, 9 Jun 2026, page 9
  2. 2. Annual report, 9 Jun 2026, page 18
  3. 3. Annual report, 9 Jun 2026, page 151
  4. 4. Exchange filing, 13 Oct 2026, page 2
  5. 5. Annual report, 9 Jun 2026, page 216
  6. 6. Annual report, 9 Jun 2026, page 275
  7. 7. Annual report, 9 Jun 2026, page 1
  8. 8. Annual report, 9 Jun 2026, page 16
  9. 9. Annual report, 9 Jun 2026, page 15
  10. 10. Annual report, 9 Jun 2026, page 217
  11. 11. Investor presentation, 15 Oct 2026, page 15
  12. 12. Investor presentation, 15 Oct 2026, page 5
  13. 13. Earnings call, 15 Oct 2026, page 6
  14. 14. Annual report, 9 Jun 2026, page 70
  15. 15. Annual report, 9 Jun 2026, page 71
  16. 16. Annual report, 9 Jun 2026, page 5
  17. 17. Earnings call, 15 Oct 2026, page 6
  18. 18. Annual report, 9 Jun 2026, page 213
  19. 19. Annual report, 9 Jun 2026, page 146
  20. 20. Annual report, 9 Jun 2026, page 23
  21. 21. Annual report, 9 Jun 2026, page 141
  22. 22. Earnings call, 15 Oct 2026, page 6
  23. 23. Earnings call, 15 Oct 2026, page 7
  24. 24. Annual report, 9 Jun 2026, page 214
  25. 25. Investor presentation, 15 Oct 2026, page 9
  26. 26. Earnings call, 15 Oct 2026, page 7
  27. 27. Annual report, 9 Jun 2026, page 148
  28. 28. Earnings call, 15 Oct 2026, page 7
  29. 29. Annual report, 9 Jun 2026, page 59
  30. 30. Investor presentation, 15 Oct 2026, page 7
  31. 31. Annual report, 9 Jun 2026, page 11
  32. 32. Earnings call, 15 Oct 2026, page 6
  33. 33. Annual report, 9 Jun 2026, page 12
  34. 34. Annual report, 9 Jun 2026, page 214
  35. 35. Earnings call, 15 Oct 2026, page 6
  36. 36. Annual report, 9 Jun 2026, page 8
  37. 37. Annual report, 9 Jun 2026, page 148
  38. 38. Annual report, 9 Jun 2026, page 9
  39. 39. Annual report, 9 Jun 2026, page 213
  40. 40. Annual report, 9 Jun 2026, page 213
  41. 41. Annual report, 9 Jun 2026, page 147
  42. 42. Earnings call, 15 Oct 2026, page 7
  43. 43. Exchange filing, 7 Oct 2026, page 1
  44. 44. Exchange filing, 13 Oct 2026, page 1
  45. 45. Exchange filing, 13 Oct 2026, page 2
  46. 46. Earnings call, 15 Oct 2026, page 5

Results

Consolidated; ₹ crore.Polycab India quarterly results

Revenue growth, 12 months
+40.7%
Net profit growth, 12 months
+28.2%

Quarter to Sep 2026, against the quarter before

Revenue
₹9,899 Crup 20.58%
Net profit
₹990 Crup 24.27%
Net margin
10.0%

Revenue by quarter

₹5,226 CrDec 24₹6,986 CrMar 25₹5,906 CrJun 25₹6,477 CrSep 25₹7,636 CrDec 25₹8,864 CrMar 26₹8,210 CrJun 26₹9,899 CrSep 26
Peak revenue ₹9,899 Cr, quarter to Sep 2026; lowest ₹5,226 Cr, quarter to Dec 2024

Net profit by quarter, a loss in red

₹464 CrDec 24₹734 CrMar 25₹600 CrJun 25₹693 CrSep 25₹630 CrDec 25₹786 CrMar 26₹797 CrJun 26₹990 CrSep 26
₹ croreDec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Revenue5,2266,9865,9066,4777,6368,8648,2109,899
Net profit464734600693630786797990
Net margin8.9%10.5%10.2%10.7%8.3%8.9%9.7%10.0%
Consolidated. The last eight quarters. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.

Business segments

Share of revenue, year to Mar 2026, consolidated.Segment revenue and profit

  • Wires and Cables₹25,534 Crup 32.74%87.2%
  • FMEG₹2,069 Crup 23.02%7.1%
  • EPC₹1,666 Crdown 13.17%5.7%
The pill is the change in revenue on the year before; the share is of all the businesses together.

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

Price to earnings

At or below today's level on 14% of 1,240 trading days over the last 5 years.

LowestHighest
Its median45.31Industry median21.32
Price to book

At or below today's level on 55% of 1,741 trading days since Oct 2019.

LowestHighest
Its median7.98Industry median2.72
Dividend yield

At or below today's level on 86% of 1,793 trading days since Jul 2019.

LowestHighest
Its median0.46%Industry median0.40%

Where the return came from

Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.

OverReturn a yearEarnings growthChange in P/EDividend 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%
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add.

Shareholding

Per cent of the company's shares, from the filing for Sep 2026.Polycab India shareholding pattern

Shareholding by group

  • Promoters61.44%
  • Foreign institutions18.06%
  • Indian institutions7.90%
  • Individuals and others12.60%
Holder
INDER T JAISINGHANIPromoter11.64%
AJAY T JAISINGHANIPromoter9.22%
RAMESH T JAISINGHANIPromoter8.39%
GIRDHARI THAKURDAS JAISINGHANIPromoter8.21%
KUNAL INDER JAISINGHANIPromoter3.74%
BHARAT JAISINGHANIPromoter3.39%
Holders are named in the company's own words: an insurer's holding can carry one of its funds' names. Mutual funds are left out here and listed fund by fund below.

Since Jun 2026: promoters −0.02 pts, foreign institutions −0.94 pts, Indian institutions +0.28 pts, mutual funds +0.44 pts.

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 time
45
Bought again
4
Added
60
Cut
77
Held unchanged
57
Sold out
55
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.

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
Bought and sold count trades on the market only. A pledge is shares given to a lender as security for a loan; a lender invokes it by selling them.

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

Return on equity across, P/E up, size is market cap
Company
KEI Industries logoKEI IndustriesKEI36,04134.145.00+25.2%+33.5%15.8%18.2%0.12%
R R Kabel logoR R KabelRRKABEL23,25134.607.65+45.4%+66.4%25.0%26.3%0.46%
Finolex Cables logoFinolex CablesFINCABLES17,43521.792.86+26.5%+29.2%13.8%10.8%0.79%
V Marc India logoV Marc IndiaVMARCIND4,47044.6715.44––41.8%–0.00%
Universal Cables logoUniversal CablesUNIVCABLES4,17620.852.21+33.6%+71.7%10.9%8.2%0.37%
Laser Power & Infra logoLaser Power & InfraLASERPOWER2,823––––––0.00%
Lumino Industries logoLumino IndustriesLUMINO2,644––––––0.00%
Paramount Communications logoParamount CommunicationsPARACABLES2,01127.962.19+19.5%−1.6%8.6%9.9%0.00%
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.

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

3Mar 197Mar 2010Mar 2114Mar 2220Mar 2330Mar 2435Mar 2547Mar 26
Highest ₹47.00 a share, year to Mar 2026.
Ex-dateTypePer share
19 Jun 2026Final₹47.00
24 Jun 2025Final₹35.00
9 Jul 2024Final₹30.00
21 Jun 2023Final₹20.00
21 Jun 2022Final₹14.00
12 Jul 2021Final₹10.00
Latest payments, as declared, by ex-date.

Latest announcements

Routine notices left out.Polycab India announcements

  1. Oct 2026

Polycab India annual report, year to Mar 2026

Polycab India share price by year

Each calendar year to 2025.Polycab India share price history

YearClose at year endChangeHighest closeLowest close
20257,619.00+4.8%7,845.004,679.55
20247,272.35+32.6%7,541.353,878.45
20235,484.85+113.5%5,691.952,580.00
20222,569.10+4.2%3,000.102,080.20
20212,466.50+137.9%2,563.151,035.45
20201,036.85+4.5%1,163.45579.65
2019992.25–1,037.10535.75
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before. 2019 is from its first session, 16 Apr 2019.

Recent sessions

The 9 trading days to 29 Oct 2026, as traded on NSE; the latest is at the top of the page.

DateOpenHighLowCloseAverage priceVolumeDelivery
29 Oct 20267,784.507,948.007,721.007,745.007,802.303,25,36951.7%
28 Oct 20267,701.007,900.007,665.507,680.007,770.092,98,74559.6%
27 Oct 20267,738.007,769.007,600.007,718.007,685.583,50,92465.1%
26 Oct 20267,432.007,739.007,377.507,739.007,597.872,25,32353.9%
23 Oct 20267,647.007,647.507,372.507,440.007,454.223,25,55156.8%
22 Oct 20267,750.007,759.507,558.007,671.007,647.283,35,53052.7%
21 Oct 20268,095.008,095.007,712.007,770.507,838.363,08,74951.8%
19 Oct 20268,238.008,238.007,990.008,025.008,046.592,94,30843.4%
16 Oct 20268,238.008,329.508,132.508,219.008,206.625,97,78655.8%
Prices in ₹ per share as traded, not adjusted.

Price adjustments

What the price chart is corrected for, so it reads as one share held throughout.

Ex-dateEventPrice factorWhat happened
11 Jan 2024Price 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.
Each event is noted and not adjusted for.

Company details

Chairperson and managing director
Inder T. Jaisinghani
At the end of the quarter to Sep 2026
NSE symbol
POLYCAB
BSE code
542652
ISIN
INE455K01017
Industry
Industrial Products
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