P

Polycab India Limited

POLYCABNSE
Market snapshot · 2026-08-11 07:31 UTC

9,049.00

₹-226.00 (-2.44%)

MARKET CAP

₹1.36L Cr

STOCK P/E

47.7x

52W HIGH

₹10,126.00

52W LOW

₹6,620.00

BOOK VALUE

₹803.33

EPS

₹189.89

ROE

25.55%

SECTOR

Industrials

DEBT/EQUITY

1.74

VOLUME

2.23L

P/B RATIO

11.26x

PEG RATIO

1.47

Sector

Industrials

Themes

Electrical Components & EquipmentsSemiconductorManufacturing
D
Dividend
E
Earnings
₹10,083.00₹9,234.82₹8,386.63₹7,538.45₹6,690.26VolumeEEEDEAug '25Sep '25Nov '25Jan '26Mar '26Apr '26Jun '26Aug '26

AI Summary

✦ Clartha

Forecast

Analyst targets, estimate history, and probabilistic forward ranges for POLYCAB.

31.00 analysts

Price Forecast

Current
₹9,087
High Target
₹11,900
▲ +31.0%
Median Target
₹10,120
▲ +11.4%
Low Target
₹6,490
▼ -28.6%
Now₹9,087High ₹11,900Median ₹10,120Low ₹6,490Aug '25Now12M Target
Price history (1Y)
Analyst target range
31 analysts

Probabilistic Range

Probabilistic lognormal cone using 1Y realized volatility and analyst-target drift when available.

Time horizonRange ()Probability
3M₹7,789 - ₹11,29180%
6M₹7,444 - ₹12,58480%
12M₹7,111 - ₹14,94380%
Realized vol: +29.0% · Drift: +16.8%

Revenue Forecast

₹ Cr
Jun '26Current₹8,034.0
Sep 2026 ETrend estimate range
High₹9,431.9Base₹8,733.2Low₹8,034.6
Sep '25: ₹6,340.0 · Dec '25: ₹7,519.0 · Mar '26: ₹8,585.0 · Jun '26: ₹8,034.0 · Sep '26: ₹8,733.2 · Dec '26: ₹10,357.3
Sep '25Dec '25Mar '26Jun '26Sep '26 EDec '26 E6,340.07,519.08,585.08,034.08,733.210,357.3
PastCurrentTrend estimate: Low / Base / High

EPS Forecast

₹ / share
Jun '26Current₹50.87
Sep 2026 ETrend estimate range
High₹62.53Base₹55.83Low₹49.13
Sep '25: ₹44.83 · Dec '25: ₹40.82 · Mar '26: ₹49.85 · Jun '26: ₹50.87 · Sep '26: ₹55.83 · Dec '26: ₹50.84
Sep '25Dec '25Mar '26Jun '26Sep '26 EDec '26 E44.8340.8249.8550.8755.8350.84
PastCurrentTrend estimate: Low / Base / High
Market Intelligence

Multi-factor synthesis of 5 key dimensions

Overall Outlook
Neutral
70%
Analyst Consensus
Weakening

From 31 analysts

Mean upside+10.1%

Fundamentals

Strong

Fundamentals institutional score is 99 using EVA spread proxy 13.6%; growth durability 100.0.

Valuation

Premium valuation

Valuation institutional score is 20 using relative multiple z-scores where peer dispersion is available.

Analyst Consensus

Neutral

Analyst View institutional score is 53 using mean target upside 10.1%; dispersion penalty 21.6; recommendation breadth from available consensus.

Technical Structure

Strong Trend

Technicals institutional score is 94 using EMA-20 continuation within 5% tolerance; VCP range/volume contraction proxy.

Market Sentiment

Positive catalysts emerging

Recent news flow is balanced or not decisive enough to tilt the tape. Based on 10 recent ticker-linked news items.

Signal Summary

Market intelligence remains Neutral. fundamentals and technical structure provide support, while valuation and analyst consensus remain considerations.

Composite weights: Fundamentals 25%, Valuation 20%, Analyst Consensus 20%, Technical Structure 20%, Market Sentiment 15%.

Fundamentals StrongValuation Premium valuationAnalyst Consensus NeutralTechnical Structure Strong TrendMarket Sentiment Positive catalysts emerging

Key Data Points

Mean Target Price10,001.8 target
Mean Upside+10.1%
Technical Score94%
Fundamental Score99%
Data CoverageHigh

Important Note: This is market intelligence, not investment advice. Always conduct your own research and consider your financial goals and risk tolerance.

Valuation Metrics

Trading 36.2% above historical median. Valuation is rising — currently in the strongly overvalued zone (z-score: +1.86). Confidence: 79%.

Live forward EPS implies next-12-month EPS of ₹253.82. Applying the stock's normalized valuation corridor produces a fair range of ₹7,040.97 to ₹9,812.68, with base value near ₹8,876.09 (-1.9% vs current price).

Forward Valuation Outlook

Live forward estimate anchored to the company's historical valuation corridor.

Inside normalized range

Forward EPS

₹253.82

Forward P/E

35.6x

Base Fair Value

₹8,876.09

Fair Range

₹7,040.97 - ₹9,812.68

Upside To Base

-1.9%

Estimate Source

Live forward EPS

Growth Estimate

+32.5%

P/E
Strongly Overvalued

5Y Average

26.93

Current

47.64

Overvalued

38.66

Undervalued

27.74

EV/EBITDA
Strongly Overvalued

5Y Average

17.64

Current

31.21

Overvalued

23.56

Undervalued

9.21

P/B
Overvalued

5Y Average

10.69

Current

11.26

Overvalued

11.51

Undervalued

9.99

Peers & Comparison

Sector: Industrials · Theme: Electrical Components & Equipments

Electrical Components & Equipments Peers2 peers
Avg P/E: 79.7x
CompanyRev. GrowthMarginP/Evs Avg52W Perf.
APAR INDUSTRIES LTD.
APARINDSElectrical Components & Equipments
+29.1%4.8%
57.3x
Undervalued
-28% vs avg
+86.6%
ABB INDIA LIMITED
ABBHeavy Electrical Equipments
+12.1%21.3%
102.0x
Premium
+28% vs avg
+50.8%
WHY THESE PEERS

POLYCAB INDIA LIMITED trades at a discount (47.8x vs peer avg 79.7x), suggesting potential undervaluation relative to the Electrical Components & Equipments cohort. Peers include APAR INDUSTRIES LTD., ABB INDIA LIMITED — selected based on business model, industry classification, market cap similarity, and business theme alignment.

Financials

Real statement data for revenue, earnings quality, conversion, and balance-sheet coverage. Monetary values are shown in Rs crore.

Latest revenue

₹8.03K CrJun 2026

Latest net profit

₹766 CrJun 2026

Latest EPS

₹50.87Jun 2026

Net margin

14.0%Jun 2026

Performance

Bars show revenue and net profit. The line shows net margin.

Rs crore + margin %
Q1 '26Q2 '26Q3 '26Q4 '26Q1 '270.0%4.0%8.0%12.0%16.0%0.00 Cr2.50K Cr5.00K Cr7.50K Cr10.00K Cr
  • Revenue
  • Net income
  • Net margin %

Earnings

Revenue is shown in crores. EPS is rupees per share.

Rs crore + Rs/share
Q1 '26Q2 '26Q3 '26Q4 '26Q1 '270.00 Cr2.50K Cr5.00K Cr7.50K Cr10.00K Cr₹0₹15₹30₹45₹60
  • Revenue
  • EPS

Revenue to profit conversion

Bridge from operating numbers to profit for the latest reported period.

Rs crore
RevenueExpensesDepreciationOtheradjustmentsOperatingprofitOther incomeInterestOtheradjustmentsProfitbefore taxTax & otherNet Profit0.00 Cr2.50K Cr5.00K Cr7.50K Cr10.00K Cr

Latest reported period: Jun 2026

Debt level and coverage

Debt, cash and free cash flow compared on the same crore scale.

Rs crore
Annual view
Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026-7.00K Cr0.00 Cr7.00K Cr14.00K Cr21.00K Cr
  • Debt
  • Free cash flow
  • Cash & equivalents

Results

MetricJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales +3,8494,2564,5135,4334,6015,3665,1056,8625,7046,3407,5198,5858,034
Expenses +3,3053,6253,8924,7964,0424,7614,4065,8624,8995,3556,5737,4746,943
Operating Profit5456316216375596056991,0008059859461,1111,092
OPM %14%15%14%12%12%11%14%15%14%16%13%13%14%
Other Income +643671526078255482514358103
Interest24243023394248304946667277
Depreciation565860636569767782931039499
Profit before tax5295846026035155716019477568968211,0031,018
Tax %24%23%24%24%25%25%25%23%25%25%25%25%25%
Net Profit +402450459458388431453726568675614750766
EPS in Rs26.8629.9830.5830.4925.7828.6430.1148.2937.7344.8340.8249.8550.87
Raw PDF

All values in ₹ Crores unless otherwise stated. Source: Screener Master (Standalone).

Shareholding Pattern

HolderJun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters +63.01%61.53%61.50%61.50%61.46%
FIIs +11.45%13.96%14.82%18.21%19.00%
DIIs +11.61%11.70%11.13%7.95%7.62%
Public +13.94%12.83%12.54%12.33%11.92%
Others0.01%0.01%
Jun 2026
Promoters +
FIIs +
DIIs +
Public +

Events Timeline

Annual Report FY26

FY2026PDFCompany Reports Open

Announcement Under Regulation 30 (LODR) - Analyst(S) / Investor(S) Meet - Intimation

Aug 07, 2026PDFCompany Reports Open

Announcement Under Regulation 30 (LODR)-Allotment Of ESOP / ESPS

Aug 06, 2026PDFCompany Reports Open

Announcement Under Regulation 30 (LODR) - Analyst(S) / Investor(S) Meet - Intimation

Aug 04, 2026PDFCompany Reports Open

Announcement Under Regulation 30 (LODR) - Analyst(S) / Investor(S) Meet - Intimation

Aug 04, 2026PDFCompany Reports Open