Historical price movement and trading activity

Today's High
8469

Today's Low
8291

Open
8300

Previous Close
8405

Volume
456246

Total Traded Value High
3842502554
Price-based indicators and levels
| Indicator | Value | Signal |
|---|---|---|
| Relative Strength Index (RSI) | +45.68 | Neutral |
| MACD | -144.98 | Bearish |

| Period | SMA | EMA |
|---|---|---|
| 20D Moving Average | 8231.83 | 8292.45 |
| 50D Moving Average | 8703.35 | 8575.98 |
| 200D Moving Average | 8404.01 | 8411.84 |

17 Jul 2026
Polycab India reported 33% rise in consolidated net profit to Rs 7,96.7 crore on a 39% increase in revenue to Rs 8,209.7 crore in Q1 FY27 as compared with Q1 FY26.
Total operating expenses for the period under review rose 12.6% YoY to Rs 821.5 crore from Rs 729.6 crore in the same period last year. While EBITDA improved by 32.5% YoY to Rs 1,136.2 crore, EBITDA margin contracted by 70 basis points YoY to 13.8% in Q1 FY27. Profit before tax in Q1 FY27 stood at Rs 1,058.2 crore, up by 32.2% from Rs 800.6 crore in Q1 FY26. Inder T. Jaisinghani, chairman and managing director, Polycab India, said: We have entered FY2027 with strong momentum, achieving our highest-ever first-quarter revenue and profit performance. The Wires and Cables segment maintained its robust growth trajectory, supported by healthy domestic demand and effective operational execution. Our FMEG business delivered an outstanding quarter, continuing to strengthen its profitability through a strong product portfolio, enhanced operational efficiencies and a growing shift towards premium products. Our international business continues to be a key driver of the next phase of growth, supported by a strong order book. Meanwhile, the EPC segment remains on a solid footing, underpinned by a healthy order backlog and a strong project execution pipeline. Looking ahead, sustained government infrastructure investments and improving on-ground project implementation are expected to create significant growth opportunities. Supported by a strong financial position and ongoing investments in capacity enhancement, innovation, and distribution expansion, we are well-positioned to strengthen our market leadership and deliver sustainable, industry-leading growth over the long term. Polycab India (PIL) is India's largest manufacturer of wires and cables and one of the fastest growing FMEG companies. The scrip fell 3.93% to currently trade at Rs 8854 on the BSE. Powered by Capital Market - Live News

7 May 2026
Polycab India rose 5.64% to Rs 8,892.80 after the wires and cables maker delivered a strong March quarter performance, prompting multiple brokerages to raise target prices.
The stock hit a record high of Rs 8,988.50 during the trading session today. The rally came after the company reported robust growth despite geopolitical disruptions, demand slowdown in March and temporary channel destocking amid raw material volatility. On a consolidated basis, profit after tax rose 7% YoY and 24.7% QoQ to Rs 785.6 crore in Q4 FY26. Revenue from operations stood at Rs 8,864.5 crore in Q4 FY26, up 26.9% YoY and 16.1% QoQ, driven by robust execution across both wires and cables (W&C) and FMEG business. EBITDA stood at Rs 1,161.3 crore in Q4 FY26, up 13.2% YoY and 20.2% QoQ. EBITDA margin came in at 13.1% compared with 14.7% in Q4 FY25 and 12.7% in Q3 FY26. Profit before tax stood at Rs 1,049.3 crore in Q4 FY26, up 24.6% vs Q3 FY26 and 9.2% vs Q4 FY25. Cost of goods sold increased 30.4% YoY to Rs 6,786.7 crore in Q4 FY26. Employee cost declined 5.2% YoY to Rs 193.1 crore, while other operating expenses rose 31.2% YoY to Rs 723.3 crore during the quarter. For FY26, revenue from operations rose 28.9% YoY to Rs 28,883.8 crore from Rs 22,408.3 crore in FY25. EBITDA for FY26 stood at Rs 4,005.7 crore, up 35.3% YoY, while PAT increased 32.4% YoY to Rs 2,708.4 crore. Operationally, the wires and cables business revenue grew 33% YoY to Rs 25,178.9 crore in FY26, driven by strong growth across distribution and institutional segments. The international business contributed 5.4% of consolidated revenue. The FMEG business revenue increased 25% YoY to Rs 2,069.3 crore, aided by strong traction in solar products. The EPC business revenue declined 13% YoY, though EBIT margin remained healthy at 9.9%. The board recommended a dividend of Rs 47 per equity share of face value Rs 10 each for FY26. Net cash flow from operating activities stood at Rs 3,810.7 crore in FY26, higher than Rs 1,808.5 crore in FY25. Polycab's net cash position stood at Rs 4,190 crore as of 31 March 2026 compared with Rs 2,460 crore a year earlier. Brokerages turned bullish following the results. A foreign brokerage raised its target price to Rs 10,500 from Rs 9,500 while maintaining a Buy rating, citing strong execution and market share gains. Another global brokerage lifted its target to Rs 9,770 from Rs 8,950, highlighting Polycab's rising share in the organised cables and wires market, which has climbed to 30-31%. A domestic brokerage increased its target price to Rs 9,800 from Rs 9,350, forecasting revenue and EBITDA CAGRs of 19% and PAT growth of around 18% over FY26-28. Another brokerage raised FY27 and FY28 earnings estimates by 3-5% and revised its target to Rs 9,740 from Rs 9,420. Polycab India is India's largest manufacturer of wires and cables and also operates a fast-growing FMEG business spanning fans, lighting, switches, solar products and home appliances. Powered by Capital Market - Live News







Polycab India Limited was incorporated as Private company with the name Polycab Wires Private Limited' on January 10, 1996. In 1998, Polycab Industries' was again converted into a Private company as Polycab Industries Private Limited'. Thereafter, the status of the Company was converted into a Public Limited, and the name was changed to Polycab Wires Limited' and thereafter, to Polycab India Limited' on October 13, 2018. The Company is the largest manufacturer of Wires and Cables in India and fast growing player in the Fast Moving Electrical Goods (FMEG) space and is a pioneer in the Indian electricals ecosystem. The Company operate into the business of Engineering, Procurement and Construction (EPC) projects. It owns nearly 26 manufacturing plants, located across the States of Gujarat, Maharashtra, Uttarakhand, Tamil Nadu, Karnataka and U.T. of Daman. The Company is engaged in the business of manufacturing and selling wires and cables and fast moving electrical goods (FMEG) under the 'POLYCAB' brand. The company is the largest manufacturer in the wires and cables industry in India. Apart from wires and cables, it manufacture and sell FMEG such as electric fans, LED lighting and luminaries, switches and switchgears, solar products and conduits and accessories. Polycab India manufactures and sells a diverse range of wires and cables and its key products in the wires and cables segment are power cables, control cables, instrumentation cables, solar cables, building wires, flexible cables, flexible/single multi core cables, communication cables and others including welding cables, submersible flat and round cables, rubber cables, overhead conductors, railway signaling cables, specialty cables and green wires. In 2009, the company diversified into the engineering, procurement and construction ('EPC') business, which includes the design, engineering, supply, execution and commissioning of power distribution and rural electrification projects. Polycab Industries Private Limited got amalgamated with the Company during the year 2011. In 2014, the company diversified into the FMEG segment and its key FMEG are electric fans, LED lighting and luminaires, switches and switchgears, solar products and conduits and accessories. The Company has manufacturing facilities, including its two joint ventures with Techno Electromech Pvt Ltd. ('Techno') and Trafigura Pte Ltd ('Trafigura'), located across the states of Gujarat, Maharashtra and Uttarakhand and the union territory of Daman and Diu. Four of these 24 manufacturing facilities are for the production of FMEG, including a 50:50 joint venture with Techno, a Gujarat-based manufacturer of LED products. In 2016, the company entered into a 50:50 joint venture with Trafigura, a commodity trading company, to set up a manufacturing facility in Waghodia, India to produce copper wire rods (the 'Ryker Plant'). The Company expects the Ryker Plant to commence commercial operations by the end of Fiscal 2019, with an estimated annual capacity of 225,000 MT of copper wire rods once it is fully operational. The Ryker Plant will strengthen the backward integration of manufacturing process as the company expects that it will meet a substantial part of their demand for copper wire rods for the manufacturing of its wires and cables and FMEG. The Company strives to deliver customized and innovative products with speed and quality service. Most of their manufacturing facilities are accredited with quality management system certificates for compliance with ISO 9001, ISO 14001 and OHSAS 18001 requirements. The Company's central quality and test laboratory in Halol is accredited by NABL and its central test laboratory, also located in Halol, for all flexible wires and cables is approved by Underwriters Laboratories ('UL'). Certain of their products are also certified to be compliant with various national and international quality standards including Bureau of Indian Standards ('BIS'), British Approvals Service for Cables (BASEC), UL and international electrotechnical commission ('IEC'). The Company has an established supply chain comprising its network of authorized dealers, distributors and retailers. This network supplies its products across India. The Company works closely with major power utilities, oil and gas, IT parks, metro rail, infrastructure, metal and non-metal, cement and EPC companies that operate in India and abroad. The Customers include institutional clients such as L&T Construction and government clients such as Konkan Railway Corporation Ltd. During FY 2020, the Company acquired 50% stake in Ryker plant for copper rod manufacturing from Trafigura, making Ryker a wholly-owned subsidiary of Polycab. It entered into a 50:50 joint venture with commodity major Trafigura for setting up a new unit at the Waghodia facility, Gujarat, for production of copper wire rods. This plant commenced production in Q1 FY20 with an annual capacity of 2,25,000 tonnes. In the switches category, the Company introduced new coloured plate range, infrared sensor and touch feel products and switches in both economical and premium category named Evina and Levana Plus. It invested in manufacturing capabilities and branding activities. As on March 31, 2020, the Company had 5 subsidiaries. During year 2021, the Company developed an innovative special coating for fans with help from their technology consultants and launched India's first 4-in-1 protection fan (anti-ageing, anti-bacteria, anti-dust, anti-rust) - Polycab Purocoat fans. It launched super premium Hohm product range, which are IoT-enabled and aligned towards the preference of younger generation. It launched all-new range of premium, high water heaters. It launched various products such as bulbs, 36W battens, frameless panels, chip on board (COB), strip lights, streetlights, flood lights amongst others. It launched a new portfolio of portable accessories including multi-plugs, adapters, power strips with USB ports, flex box and others. On June 18, 2021, the Company acquired 100% stake in Bengaluru-based Silvan Innovation Labs Private Limited at a consideration of Rs. 102 million to augment the Company's Internet of Things (IoT) based home automation and office automation solutions. In November 2021, it divested 100% stake in Ryker Base Pvt. Ltd. for an enterprise value of about Rs. 3,230 million. In FY22, Company launched over 30 different models of fans and appliances across categories i.e. Premium, Economy, BLDC, etc. and various new models of lights and luminaries. It launched 'Etira', a new brand from the house of Polycab. It introduced many new models in WH business along with bringing energy saving models and parallely forayed into small appliances through Room Heaters. It forayed into Central Control and Management System (CCMS) for connected lighting in streetlights and have also introduced hybrid technology in Driver on Board (DOB) lamps to bring about technological and cost advantage. It launched a unique Hybrid Technology LED Bulb, which results in lower cost and better quality, thereby reducing consumer rejections. During the year 2023, the Company launched ~40 new models of star-rated ceiling fans in the designer, celebration, and tech series; it launched the second series of MCB with 6kA for the domestic and international market; launched various new cables, such as telecom hybrid cables, lead sheath offshore cables, submarine medium voltage cables; launched a TV commercial for Green Wire during a sporting event, conducted product education drives, webinars, and meets for influencers, builders, and trade partners, launched its 3-in-1 LED portfolio, It installed switch manufacturing plant with an installed capacity of 12 million units. In 2023-24, Silvan Innovations Labs Private Limited got merged with the Company and made the Scheme of Amalgamation effective from September 5, 2023. Accordingly, Silvan ceased to be wholly owned subsidiary of the Company. The Company launched BLDC ceiling fans in 2024. In 2025, Company completed UL testing for its Miniature Circuit Breakers (MCBs), enhancing their potential for expansion in the global markets. It has launched Molded Case Circuit Breakers (MCCBs) in global markets. Two new products have been launched :Fabelle Range and IoT Smart Switches with WI-Fi Connectivity during the year. In FY2025-26, the wholly owned subsidiary, Uniglobus Electricals and Electronics Private Limited has amalgamated with the Company with due approval sanctioned from the Hon'ble NCLT, Ahmedabad Bench dated 27 February, 2026, making the Scheme of Amalgamation effective on March 27, 2026. As per the terms of the Scheme, the entire shareholding of the Company in Uniglobus was transferred to the Company. The Company incorporated as wholly owned subsidiary, Polycon Infra Projects Private Limited on April 24, 2026.
Financial strength and ownership structure

Market Capitalisation
₹1,02,993.82

Price to Book (PB)
8.58

Price to Earnings (PE)
38.55

Return on Equity (ROE)
24.81%

Earnings Per Share (EPS)
179.90

Dividend Yield
0.69%

