POLYCABCapital Goods

Polycab India Limited

Cables - Electricals · ISIN INE455K01017 · BSE 542652 · NSE EQ · FV ₹10
Last price
₹8,209
+1.07%today
What this company does

Polycab India Limited operates in Cables - Electricals, part of the Capital Goods sector. It booked ₹8,210 cr of revenue in its latest quarter (Q1 FY27) and kept 9.6% of sales as profit. It is the largest of 9 Cables - Electricals companies we track, by market value.

73out of 100
Equitytale Health Score
Solid

Healthier than 73% of companies in Capital Goods, on all six measures of filed financials. Each measure is ranked against the 77–113 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
35

At close. Not part of the score.

Profitability & returns77

How much profit it earns on the money it employs

Balance sheet66

How much it owes, and whether earnings cover the interest

Cash quality78

Whether reported profit actually arrives as cash

Growth & consistency76

Whether sales and profit have grown, and how steadily

Valuation47

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Is this company doing well?
not investment advice
Strengths
Makes a profit
Sales up 39% vs last year
Profit up 32% vs last year
Promoters hold 61%
No promoter shares pledged
Strong 26% return on equity
Virtually debt-free
Turns profit into real cash
Watch-outs
None flagged from our data

What if I invest in POLYCAB?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 15% a year, it would become
₹26.30 lakh

The slider starts at 15%, taken from this company's own free-cash-flow trend. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹8,209 +1.07%
latest close · 2026-09-17
1-year return
+342.0%
52-wk low ₹1,83252-wk high ₹9,445
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio39.4High
LowAverageHigh
P/B ratio10.30High
Below bookModerateHigh
EV / EBITDA24.9High
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity26.1%Strong
WeakFairStrong ▸15%
Return on capital36.4%Strong
WeakFairStrong
Net margin9.6%Decent
ThinDecentStrong
EBITDA margin15.1%Decent
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.01Comfortable
LowModerateHigh ▸1
Interest cover14.2×Strong
RiskyOkayStrong ▸5×
Current ratio1.84Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹1.24 L cr
Book value
₹797
EPS
₹52.09
latest quarter
Net debt
₹-258 cr
more cash than debt
Enterprise value
₹1.23 L cr
EBITDA
₹4,964 cr
annualised
EBIT
₹4,553 cr
annualised
Operating margin
13.9%
Return on assets
15.3%
Earnings yield
2.54%
P/S
3.77
Sales / share
₹2,180.0
Tax rate
24.7%
Face value
₹10
Shares
15.1 cr
Working capital
₹6,693 cr
Current assets
₹14,658 cr
Current liabilities
₹7,965 cr
Delivery %
50.5%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the exchange filings
not investment advice
Hard to value confidentlyLow confidence
The market price is far above what these earnings- and book-based models support — a fast-growing or asset-light business can trade well above them for years, so we won't put a confident number on how overpriced it is.
Models span ₹1,559₹2,745, midpoint ₹1,997

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹8,210 cr
Other Income₹105 cr
Total Income₹8,315 cr
Cost of Materials₹6,512 cr
Purchases of Stock-in-Trade₹122 cr
Inventory Change (±)₹-563 cr
Employee Benefit Expense₹261 cr
Finance Costs₹80 cr
Depreciation & Amortisation₹103 cr
Other Expenses₹740 cr
Total Expenses₹7,256 cr
Profit before Tax₹1,058 cr
Tax Expense₹262 cr
Net Profit₹797 cr
Net margin on total income9.6%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹6,072 cr73.0%
Employee benefit expense₹261 cr3.1%
Finance costs₹80 cr1.0%
Depreciation & amortisation₹103 cr1.2%
Other expenses₹740 cr8.9%
Tax expense₹262 cr3.1%
Profit for the period₹797 cr9.6%
Total income ₹8,315 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue7,636 cr8,864 cr8,210 cr
Total income7,687 cr8,925 cr8,315 cr
Expenses6,844 cr7,876 cr7,256 cr
Profit before tax842 cr1,049 cr1,058 cr
Tax212 cr264 cr262 cr
Net profit (owners' share)622 cr773 cr784 cr
Net margin (owners' share, on revenue)8.1%8.7%9.6%
EPS (₹)41.3052.1852.09
YoY (latest quarter): total income +38.9% · net profit +32.5%
Balance sheet & cash flow · as of Mar 2026
Debt-free
Total assets
₹20,476 cr
Shareholder equity
₹12,009 cr
parent shareholders
Total debt
₹132 cr
Cash
₹390 cr
Cash flow · H1 FY26
Operating
₹1,791 cr
Investing
₹-943 cr
Financing
₹-618 cr
Peer comparison
Cables - Electricals · by market value
CompanyPriceMarket capP/E
Polycab India Limitedthis company₹8,209₹1.24 L cr39.4
KEI Industries Limited₹4,560₹43,594 cr39.7
R R Kabel Limited₹2,391₹27,060 cr32.9
Finolex Cables Limited₹1,396₹21,349 cr21.4
Universal Cables Limited₹1,439₹4,992 cr17.8
Laser Power & Infra Limited₹269₹3,095 cr37.4
Dynamic Cables Limited₹442₹2,144 cr21.5
Quadrant Future Tek Limited₹522₹2,086 cr
Paramount Communications Limited₹61₹1,853 cr23.7
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
0.57%
trailing 12 months
Dividend / share (TTM)
₹47
Last dividend
₹47
ex 19 Jun 2026
ActionDetailEx-date
Dividend₹47 / share19 Jun 2026
Dividend₹35 / share24 Jun 2025
Dividend₹30 / share9 Jul 2024
Dividend₹20 / share21 Jun 2023
Dividend₹14 / share21 Jun 2022
Dividend₹10 / share12 Jul 2021
Who owns it · 2026-06-30
No pledge
Promoter
61.5%
FII / Foreign
19.0%
DII / Domestic
7.6%
Retail / others
11.9%
Promoter stake down 4.4% over the last 12 quarters.
Smart-money activity
Insider trades
SoldAmit Duhlani · Immediate relative45,000 · ₹33.5 cr9 Dec 24
SoldAmit Duhlani · Immediate relative50,000 · ₹35.7 cr27 Nov 24
BoughtPuneet Anil Sehgal · Immediate relative60,0007 Jun 24
Bulk / block deals
short · NSE115 Sep 26
short · NSE12 Sep 26
short · NSE2,16526 Aug 26
Stake changes
SoldGirdhari T. Jaisinghani · promoter→ 10.21% · 30.00 L24 Nov 21
SoldGirdhari T Jaisinghani · promoter→ 12.23% · 30.00 L26 Mar 21
SoldInternational Finance Corporation FDI AC→ 0.00% · 7.07 L5 Jan 21
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Postal ballot · 23 Aug 2026
See the official result
1
Revision in remuneration of Mr. Bharat A. Jaisinghani (DIN:00742995), Joint Managing Director of the Company
Promoters had a personal stake in this
Backed by 99% of shareholders other than promotersneeded 50%
3.97 cr votes for, 3.48 L against · 1% of mutual funds and other big investors said no
2
Revision in remuneration of Mr. Nikhil R. Jaisinghani (DIN:00742771), Joint Managing Director of the Company
Promoters had a personal stake in this
Backed by 99% of shareholders other than promotersneeded 50%
3.97 cr votes for, 3.48 L against · 1% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 33 named members
owning 61.5% between them · as of 2026-06-30
INDER T JAISINGHANI11.64%
AJAY T JAISINGHANI9.23%
RAMESH T JAISINGHANI8.40%
GIRDHARI THAKURDAS JAISINGHANI8.21%
KUNAL INDER JAISINGHANI3.74%
BHARAT JAISINGHANI3.39%
NIKHIL RAMESH JAISINGHANI3.30%
AJAY T JAISINGHANI/AARTI AJAY JAISINGHANI (BHARAT JAISINGHANI FAMILY TRUST)1.43%

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.