Company research / Focus view

Polycab India

POLYCAB · Capital Goods & Engineering · mid cap · Midcap 50

Revenue · FY26

₹28,270 cr

+28.3% YoY

What the business sold

Net profit · FY26

₹2,672 cr

+32.3% YoY

What it kept after tax

Operating profit · FY26

₹3,716 cr

+39.2% YoY

Profit from operations

Operating cash flow · FY26

₹3,811 cr

+110.7% YoY

Cash the operations produced

Total debt · FY26

₹4,501 cr

+198.4% YoY

Borrowings against the business

Dividend per share · FY26

—

Paid out per share · not collected yet

Five years in perspective

Price index · Start = 100 · Dividends excluded · ₹8,241 today (-1.40%)

+245.7% · 5Y

2021 · 10020222023202420252026 · 364.4

1M -9.7%6M +10.9%1Y +13.9%3Y +60.1%5Y +245.7%

Market cap

₹1.24 L Cr

As of 13 Sept 2026

Price to earnings

43.5

Price to book 10.3

Dividend yield

57.00%

Trailing twelve months

52-week range

₹6,663 – ₹10,126

Closing prices

The financial record

₹ crore · Consolidated where reported · Indian fiscal years (April–March)

Reported metric	FY23	FY24	FY25	FY26
Revenue	13,942	17,760	22,031	28,270
Operating profit	1,643	2,261	2,670	3,716
Net profit	1,271	1,784	2,020	2,672
Operating cash flow	1,428	1,296	1,809	3,811
Free cash flow	948	438	839	2,330
Capital expenditure	-479	-859	-970	-1,481
Tax expense	424	556	655	905
Total debt	1,335	2,023	1,509	4,501
Cash and equivalents	153	307	217	390
Shareholders equity	6,637	8,187	9,828	12,009
Earnings per share (₹)	84.66	118.49	133.80	176.95

Not collected yet for this company: Dividend per share. These come from the filings, not the daily price feed.

Recent quarters

₹ crore · Most recent first

Quarter ended	Revenue	Operating profit	Net profit	EPS (₹)
30 Jun 2026	8,210	1,033	784	51.94
31 Mar 2026	8,864	1,064	773	52.00
31 Dec 2025	7,475	866	622	41.19
30 Jun 2025	5,906	772	592	39.21
31 Mar 2025	6,986	945	727	48.13

Developments

0 positive · 1 negative

Neutral3 days ago

What UltraTech’s Cable Entry Means for Polycab, KEI and RR Kabel

UltraTech Cementlarge cap Polycab IndiaMentioned

Realty Plus Magazine11 Sept 2026, 5:55 pm IST

Classification & context · Routine

No supported direction in the headline — that is not the same as unimportant. This classifies the headline only, not the full article. It is not a recommendation.

A real announcement — a product, a partnership, an appearance — that is unlikely to change the financials.

Classifier confidence: 0.35. This is not the probability that the report is true.

Neutral5 days ago

Polycab, KEI, RR Kabel: UltraTech’s ₹1,800 crore C&W bet triggers rout; why cables may be safer

Havells Indialarge cap Polycab IndiaMentioned UltraTech CementMentioned

Upstox9 Sept 2026, 1:51 pm IST

Classification & context · Routine

No supported direction in the headline — that is not the same as unimportant. This classifies the headline only, not the full article. It is not a recommendation.

A real announcement — a product, a partnership, an appearance — that is unlikely to change the financials.

Classifier confidence: 0.35. This is not the probability that the report is true.

Neutral5 days ago

Polycab Powers Critical Industries with Advanced Specialty Cable Solutions

Polycab Indiamid cap

wirecable.in9 Sept 2026, 10:22 am IST

Classification & context · Routine

No supported direction in the headline — that is not the same as unimportant. This classifies the headline only, not the full article. It is not a recommendation.

A real announcement — a product, a partnership, an appearance — that is unlikely to change the financials.

Classifier confidence: 0.35. This is not the probability that the report is true.

Reads negativeOrders5 days ago

Polycab India Secures Major Tax Relief as Income Tax Demand Drops 82% to ₹575.8 Million

Polycab Indiamid cap GAIL (India)Mentioned

scanx.trade9 Sept 2026, 8:40 am IST

Classification & context · Routine

The headline states a business fact and a direction that hurts it. This classifies the headline only, not the full article. It is not a recommendation.

A real announcement — a product, a partnership, an appearance — that is unlikely to change the financials.

Classifier confidence: 0.85. This is not the probability that the report is true.

Neutral5 days ago

Polycab India - Positive Breakout: These 8 stocks cross above their 200 DMAs

Polycab Indiamid cap GAIL (India)Mentioned

The Economic Times9 Sept 2026, 8:07 am IST

Classification & context · Routine

No supported direction in the headline — that is not the same as unimportant. This classifies the headline only, not the full article. It is not a recommendation.

A real announcement — a product, a partnership, an appearance — that is unlikely to change the financials.

Classifier confidence: 0.35. This is not the probability that the report is true.

NeutralEarnings6 days ago

Buy, Sell Or Hold: HUL, Bharat Forge, Hindustan Copper, BEML And Polycab India — Ask Profit

Bharat Forgemid cap GAIL (India)Mentioned Hindustan UnileverMentioned Polycab IndiaMentioned

NDTV Profit8 Sept 2026, 11:04 pm IST

Classification & context · Moves the numbers

No supported direction in the headline — that is not the same as unimportant. This classifies the headline only, not the full article. It is not a recommendation.

Names an event that should show up in revenue, profit, debt, capacity or approvals.

Classifier confidence: 0.35. This is not the probability that the report is true.

Neutral6 days ago

Polycab India: Recent underperformance offers buying opportunity?

Polycab Indiamid cap GAIL (India)Mentioned

Business Today8 Sept 2026, 4:26 pm IST

Classification & context · Commentary

No supported direction in the headline — that is not the same as unimportant. This classifies the headline only, not the full article. It is not a recommendation.

Somebody's reading of events rather than an event. Worth the argument; not a filing.

Classifier confidence: 0.35. This is not the probability that the report is true.

Neutral6 days ago

Polycab India to go 'all out' to defend market share as Birla enters wires and cables

Polycab Indiamid cap GAIL (India)Mentioned

TradingView8 Sept 2026, 2:05 pm IST

Classification & context · Routine

No supported direction in the headline — that is not the same as unimportant. This classifies the headline only, not the full article. It is not a recommendation.

A real announcement — a product, a partnership, an appearance — that is unlikely to change the financials.

Classifier confidence: 0.35. This is not the probability that the report is true.

Neutral6 days ago

Polycab India Ltd (POLYCAB) Share Price

Polycab Indiamid cap GAIL (India)Mentioned

Business Today8 Sept 2026, 12:30 pm IST

Classification & context · Routine

No supported direction in the headline — that is not the same as unimportant. This classifies the headline only, not the full article. It is not a recommendation.

A real announcement — a product, a partnership, an appearance — that is unlikely to change the financials.

Classifier confidence: 0.35. This is not the probability that the report is true.

Neutral6 days ago

Polycab India gets a fresh charge as broker retains 'buy' rating

Polycab Indiamid cap GAIL (India)Mentioned

Business Standard8 Sept 2026, 11:04 am IST

Classification & context · Moves the numbers

No supported direction in the headline — that is not the same as unimportant. This classifies the headline only, not the full article. It is not a recommendation.

Names an event that should show up in revenue, profit, debt, capacity or approvals.

Classifier confidence: 0.35. This is not the probability that the report is true.

Neutral6 days ago

Polycab India to go ‘all out’ to defend market share as Birla enters wires and cables

Polycab Indiamid cap GAIL (India)Mentioned

Livemint8 Sept 2026, 10:57 am IST

Classification & context · Routine

No supported direction in the headline — that is not the same as unimportant. This classifies the headline only, not the full article. It is not a recommendation.

A real announcement — a product, a partnership, an appearance — that is unlikely to change the financials.

Classifier confidence: 0.35. This is not the probability that the report is true.

Neutral6 days ago

Hindustan Copper, Hindalco Industries, Polycab, KEI Industries shares in focus; here's why

Hindalco Industrieslarge cap Polycab IndiaMentioned

Business Today8 Sept 2026, 8:50 am IST

Classification & context · Routine

No supported direction in the headline — that is not the same as unimportant. This classifies the headline only, not the full article. It is not a recommendation.

A real announcement — a product, a partnership, an appearance — that is unlikely to change the financials.

Classifier confidence: 0.35. This is not the probability that the report is true.

Neutral6 days ago

Polycab Stock Down 10% After Ultravolt Entry — Is The Correction A Buying Opportunity? Jefferies Thinks So

Polycab Indiamid cap

NDTV Profit8 Sept 2026, 7:55 am IST

Classification & context · Routine

No supported direction in the headline — that is not the same as unimportant. This classifies the headline only, not the full article. It is not a recommendation.

A real announcement — a product, a partnership, an appearance — that is unlikely to change the financials.

Classifier confidence: 0.35. This is not the probability that the report is true.

Neutral7 days ago

RR Kabel, KEI, Polycab extend losses; Citi warns of greater disruption to cables than wires

Polycab Indiamid cap

CNBC TV187 Sept 2026, 3:17 pm IST

Classification & context · Moves the numbers

No supported direction in the headline — that is not the same as unimportant. This classifies the headline only, not the full article. It is not a recommendation.

Names an event that should show up in revenue, profit, debt, capacity or approvals.

Classifier confidence: 0.35. This is not the probability that the report is true.

Neutral7 days ago

Cable stocks extend losses as Citi flags UltraTech threat; RR Kabel, KEI fall over 3%

Polycab Indiamid cap UltraTech CementMentioned

Moneycontrol.com7 Sept 2026, 12:44 pm IST

Classification & context · Moves the numbers

No supported direction in the headline — that is not the same as unimportant. This classifies the headline only, not the full article. It is not a recommendation.

Names an event that should show up in revenue, profit, debt, capacity or approvals.

Classifier confidence: 0.35. This is not the probability that the report is true.

About the business

Polycab India Limited manufactures and sells wires and cables under the POLYCAB brand in India and internationally. The company operates through three segments: Wires and Cables; Fast Moving Electrical Goods (FMEG); and Engineering, Procurement and Construction (EPC). The Wires and Cables segment provides wires, such as PolycabSuprema house wires, PolycabMaxima+ Green wire, PolycabPrimma house wires, ETIRA house wires, PolycabOptima+, GREENWIRE 180m, and POLYCAB LF FR 180m; and cables, such as control, rubber, defense, special, fire protection, marine offshore/onshore, domestic appliance and lighting, aerial bunched, industrial, high temperature, LV power, MV power, EHV power, communication and data, and instrumentation. The Fast Moving Electrical Goods segment offers ceiling, table, pedestal, wall, exhaust, farrata, and air circulated fans; LED lighting and luminaires, such as LED Bulb, downlight, panel light, led batten, outdoor lights, and rope and strip lights; water heaters; switches and accessories; switchgears consisting of isolators, MCB, RCCB, RCBO, distribution board, ACCL, and MCB changeover switches; solar products, including solar panel and invertors; and pumps, conduits, and domestic appliances. The EPC segment designs, engineers, and supplies materials; and engages in the survey, execution, and commissioning of turn-key power distribution, transmission, and rural electrification projects. The company provides coolers and iron appliances. It operates a distribution network through authorized dealers and distributors, and retail outlets. The company was founded in 1964 and is based in Mumbai, India.

Industry: Electrical Equipment & Parts

www.polycab.com

Data confidence

Prices, fundamentals and developments last verified 13 Sept 2026. Fundamentals are sourced from public filings feeds; interpretation is shown separately from figures.

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