Polycab India Limited

Polycab India Limited (POLYCAB) is a large-cap Capital Goods company valued at ₹1.24 lakh crore operating in Cables - Electricals on the NSE and BSE.

Recent price move

Polycab India Limited last traded at ₹8,219, modestly up 0.15% on the day.

Recent developments

On 2026-10-15, the company reported its Q2 2026 results, showing a 42.6% YoY rise in consolidated net profit to ₹977 crore, with revenue growing 52.8% to ₹9,899 crore. The earnings call transcript highlighted record Q2 2026 results. However, shares fell despite the strong earnings growth.

Financial performance

The company's business is improving, with annual revenue rising 28.9% and annual net profit rising 32.4%. The latest quarter shows revenue grew 52.8% compared to the same quarter a year earlier, while net profit rose 42.9%.

Valuation multiples

The stock trades at 46.3 times earnings, 10.50 times book value. It yields 0.6%.

Things to watch

The stock is 18.8% below its 52-week high. Net profit margin increased 0.2 percentage points to 9.4%, but the company's debt to equity ratio remains at 0.02, indicating almost no debt. Promoter holding is at 61.46%, while foreign institutional holding increased 0.79 points in the quarter.

Where it stands

The company posted strong quarterly results with revenue and net profit rising significantly compared to the same quarter a year earlier. The stock is currently 18.8% below its 52-week high, and the latest quarter's net profit rose 42.9%.

Summarised by DocStoX's model on 2026-10-17 from company filings, exchange data and news. This is a factual summary, not a rating or a recommendation. Informational only, not investment advice. Consult a SEBI-registered adviser before investing.