Polycab India Ltd Stock Price Today (NSE: POLYCAB)
Fundamental Score
Polycab India Ltd Share Price — Live NSE/BSE Price, Fundamentals & Analysis
Polycab India Ltd share price today is ₹6843.50, down 1.09% on NSE/BSE as of 30 March 2026. Polycab India Ltd (POLYCAB) is a Large-cap company in the Cables - Electricals sector with a market capitalisation of ₹1.11L (Cr). The 52-week high for POLYCAB share price is ₹8722.00 and the 52-week low is ₹4567.00. At a P/E ratio of 45.28x, POLYCAB is currently trading above its industry average P/E of 21.47x. The company has a Return on Equity (ROE) of 21.44% and a debt-to-equity ratio of 0.02.
Polycab India Ltd Share Price Chart — NSE/BSE Historical Performance
Returns & Performance
ROE
ROCE
OPM (5Y)
Div Yield
Polycab India Ltd Valuation Check
P/E Ratio
Industry P/E
Market Cap
Growth Engine
Profit Growth (Q)
Sales Growth (Q)
Sales Growth (5Y)
EPS Growth (5Y)
Profit Growth (5Y)
Balance Sheet Health
Debt to Equity
Int. Coverage
Free Cash Flow (5Y)
Shareholding
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DII
Pledged
Institutional Deep-Dive
Bull Run Research Hub
Polycab Share Price Analysis: A ROCE-Focused Perspective
The electrical cables and wires industry often sees periods of intense competition followed by consolidation, with efficient capital allocation being a key differentiator for long-term success. This analysis delves into the fundamentals of Polycab India Ltd, with a focus on its Return on Capital Employed (ROCE) and how it influences the Polycab share price. As of the latest data, Polycab is trading at ₹7623.5 with a Price-to-Earnings (PE) ratio of 45.28 and a ROCE of 29.72%.
The relatively high PE ratio suggests that the market has high expectations for Polycab's future earnings growth. A critical factor in justifying this valuation is the company's robust ROCE. The 29.72% ROCE indicates that Polycab is efficiently generating profits from its invested capital. This efficiency can build a significant competitive advantage, contributing to an economic moat around the business.
A high ROCE signifies that Polycab is skilled at managing its assets and deploying capital effectively. This efficiency allows the company to reinvest profits at a higher rate of return, further amplifying future earnings. In contrast, companies like
Desjardins 1 5 Year Laddered Government Bond Index Fund, which represents a relatively passive investment strategy, do not actively manage operations to achieve comparable operational returns and improvements from management quality. Management quality, as reflected in consistently high ROCE, can be a key driver for outperformance in the cables sector.While PE multiples offer a snapshot of valuation relative to earnings, the ROCE provides a deeper insight into the sustainability and potential for future growth. Companies with consistently high ROCE tend to exhibit greater resilience during economic downturns. Examining ROCE trends over time and comparing Polycab's performance to its peers, such as Cords Cable Industries Ltd and Bangchak Corporation Public Company Limited, is crucial for a comprehensive assessment. Whether the Polycab share price accurately reflects its intrinsic value, especially considering its ROCE efficiency, requires ongoing monitoring and comparison to competitors.
Disclaimer: This financial analysis is part of a broader 80-parameter fundamental audit verified by Sweta Mishra. It is for informational purposes only and should not be considered as investment advice.
Labels (e.g., "Excellent", "Good") are peer-based vs industry/sector averages — data-only, not advice
Polycab India Ltd Fundamental Analysis & Valuation Benchmarking
Educational evaluation of POLYCAB across key market metrics for learning purposes.
Positive Indicators
13 factors identified
Strong Return on Equity (21.44%)
Observation: Efficient use of shareholders' capital generating superior returns.
Analysis: ROE >15% indicates strong profitability and effective management. This metric suggests the company can generate substantial returns on invested capital.
Excellent ROCE Performance (29.72%)
Observation: Superior returns on capital employed across business operations.
Analysis: ROCE >15% demonstrates efficient capital deployment and strong operational performance.
Robust Profit Growth (55.85%)
Observation: Strong year-over-year profit expansion demonstrates business momentum.
Analysis: Profit growth >20% indicates effective execution and market opportunity capture.
Strong Revenue Growth (17.80%)
Observation: Healthy sales growth indicates market demand and execution capability.
Analysis: Revenue growth >15% suggests strong market position and growth potential.
Consistent Growth Track Record (20.47% CAGR)
Observation: Strong 5-year sales compound annual growth rate.
Analysis: Consistent sales CAGR >12% demonstrates sustainable growth model.
Excellent EPS Growth (20.69% CAGR)
Observation: Outstanding 5-year earnings per share compound growth.
Analysis: EPS CAGR >15% indicates strong wealth creation potential.
Strong Profit Growth Track Record (20.93% CAGR)
Observation: Consistent 5-year profit compound annual growth rate.
Analysis: Profit CAGR >15% demonstrates scalable business model.
Conservative Debt Levels (D/E: 0.02)
Observation: Low leverage provides financial flexibility and reduced risk.
Analysis: Conservative debt structure offers resilience during economic downturns.
Strong Interest Coverage (19.12x)
Observation: Earnings comfortably cover interest obligations.
Analysis: Interest coverage >5x indicates low financial distress risk.
Strong Cash Generation (₹3313.23 Cr over 5Y)
Observation: Healthy free cash flow generation supports growth and returns.
Analysis: Strong FCF provides flexibility for dividends, debt reduction, and growth investments.
Balanced Promoter Holding (61.52%)
Observation: Optimal balance between promoter control and public float.
Analysis: Promoter holding in 50-75% range provides management alignment.
Strong Institutional Confidence (FII+DII: 25.66%)
Observation: Significant professional investor participation.
Analysis: High institutional holding often signals thorough due diligence.
Zero Share Pledging Risk
Observation: No promoter shares pledged as collateral.
Analysis: Absence of share pledging eliminates potential forced-selling pressure.
Risk Factors
1 factors identified
Premium Valuation Risk (P/E: 45.28x)
Observation: High valuation multiples may limit upside potential.
Analysis: Elevated P/E ratios require strong growth execution to justify current valuations.
Polycab India Ltd Financial Statements
Comprehensive financial data for Polycab India Ltd including income statement, balance sheet and cash flow
About POLYCAB (Polycab India Ltd)
Polycab India Ltd is a prominent name in the realm of electrical solutions, known for its extensive portfolio of wires and cables that power homes, industries, and infrastructure p...rojects across India and beyond. They've established themselves as a reliable provider, offering a diverse range of products tailored to meet varying needs and specifications. Beyond wires and cables, Polycab has strategically diversified into the Fast Moving Electrical Goods (FMEG) sector, offering everyday electrical essentials to households and businesses. Their commitment extends to comprehensive project solutions through their Engineering, Procurement and Construction (EPC) segment, demonstrating their capacity to handle large-scale electrical infrastructure development. With a focus on quality and innovation, Polycab has carved a niche as a trusted brand driving the nation's electrical backbone. The core of Polycab's offerings lies in their Wires and Cables division, where a broad spectrum of products serves a diverse clientele. From specialized house wires designed for safety and energy efficiency to robust cables catering to heavy-duty industrial applications, Polycab covers a wide range of needs. These products are engineered with precision and adhere to stringent quality standards, ensuring reliability and long-lasting performance. Through continuous innovation and a customer-centric approach, Polycab has gained a reputation for delivering solutions that meet the evolving demands of the electrical industry. The company's dedication to quality is evident in the performance and durability of its products, establishing Polycab as a trusted brand for both domestic and commercial applications. Beyond their wires and cables expertise, Polycab has successfully expanded into the FMEG market, providing an array of products that enhance everyday life. This includes a range of electrical appliances, lighting solutions, and other essential electrical items. This diversification reflects Polycab's ambition to be a comprehensive provider of electrical solutions, catering to the diverse needs of consumers and businesses. Through its EPC segment, Polycab plays a vital role in constructing and upgrading electrical infrastructure projects, from power transmission lines to industrial electrification. With a commitment to quality and innovation, Polycab continues to shape the landscape of the electrical industry, driving progress and empowering communities through its diverse range of products and services.
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POLYCAB Share Price: Frequently Asked Questions
What is the current share price of Polycab India Ltd (POLYCAB)?
As of 30 Mar 2026, 12:03 pm IST, Polycab India Ltd share price is ₹6843.50. The POLYCAB stock has a market capitalisation of ₹1.11L (Cr) on NSE/BSE.
Is POLYCAB share price Overvalued or Undervalued?
POLYCAB share price is currently trading at a P/E ratio of 45.28x, compared to the industry average of 21.47x. Based on this relative valuation, the Polycab India Ltd stock appears to be Overvalued against its sector peers.
What is the 52-week high and low of POLYCAB share price?
The 52-week high of POLYCAB share price is ₹8722.00 and the 52-week low is ₹4567.00. These values are updated daily from NSE/BSE price data.
What factors affect the Polycab India Ltd share price?
Key factors influencing POLYCAB share price include quarterly earnings growth (Sales Growth: 17.80%), raw material costs, government infrastructure spending, and institutional flows (FII/DII holding).
Is Polycab India Ltd a good stock for long-term investment?
Polycab India Ltd shows a 5-year Profit Growth of 20.93% and an ROE of 21.44%. Long-term investors should consider these fundamentals alongside the debt-to-equity ratio of 0.02 before investing in POLYCAB shares.
How does Polycab India Ltd compare with its industry peers?
Polycab India Ltd competes with major peers in the Cables - Electricals. Investors should compare POLYCAB share price P/E of 45.28x and ROE of 21.44% against the industry averages to determine competitive standing.
What is the P/E ratio of POLYCAB and what does it mean?
POLYCAB share price has a P/E ratio of 45.28x compared to the industry average of 21.47x. Investors pay ₹45 for every ₹1 of annual earnings.
How is POLYCAB performing according to Bull Run's analysis?
POLYCAB has a Bull Run fundamental score of 62.90000000000001/100, indicating moderate strength with some areas for improvement. This comprehensive rating is based on 15+ financial parameters.
What sector and industry does POLYCAB belong to?
POLYCAB operates in the Cables - Electricals industry. This classification helps understand the competitive landscape and sector-specific trends affecting Polycab India Ltd share price.
What is Return on Equity (ROE) and why is it important for POLYCAB?
POLYCAB has an ROE of 21.44%, which indicates excellent management efficiency. ROE measures how efficiently Polycab India Ltd generates profits from shareholders capital.
How is POLYCAB debt-to-equity ratio and what does it indicate?
POLYCAB has a debt-to-equity ratio of 0.02, which indicates conservative financing with low financial risk.
What is POLYCAB dividend yield and is it a good dividend stock?
POLYCAB offers a dividend yield of 0.47%, meaning you receive ₹0.47 annual dividend for every ₹100 invested in Polycab India Ltd shares.
How has POLYCAB share price grown over the past 5 years?
POLYCAB has achieved 5-year growth rates of: Sales Growth 20.47%, Profit Growth 20.93%, and EPS Growth 20.69%.
What is the promoter holding in POLYCAB and why does it matter?
Promoters hold 61.52% of POLYCAB shares, with 0.00% pledged. High promoter holding often indicates strong management confidence in Polycab India Ltd.
What is POLYCAB market capitalisation category?
POLYCAB has a market capitalisation of ₹111465 crores, placing it in the Large-cap category.
How volatile is POLYCAB stock?
POLYCAB has a beta of N/A. A beta > 1 suggests the Polycab India Ltd stock is more volatile than the market, while a beta < 1 suggests it is less volatile.
What is POLYCAB operating profit margin trend?
POLYCAB has a 5-year average Operating Profit Margin (OPM) of 12.80%, indicating the company's operational efficiency.
How is POLYCAB quarterly performance?
Recent quarterly performance shows Polycab India Ltd YoY Sales Growth of 17.80% and YoY Profit Growth of 55.85%.
What is the institutional holding pattern in POLYCAB?
POLYCAB has FII holding of 13.96% and DII holding of 11.70%. Significant institutional holding often suggests professional confidence in the Polycab India Ltd stock.