Polycab India stock | 2026 price target, earnings & valuation

Polycab India

NSEI:POLYCAB

Rp 7.145,00

Rp0,00 (0,00%)

7.145,00 Rp

Rp0,00 (0,00%)

End-of-day quote: 03/27/2026

Polycab India Stock Value

Currently, analysts rate NSEI:POLYCAB as Outperform.

Outperform

Polycab India Company Info

EPS Growth 5Y

21,29%

Market Cap

Rp1.075,70 B

Long-Term Debt

Rp0,42 B

Annual earnings

05/06/2026

Dividend

Rp35,01

Dividend Yield

0,49%

Founded

1964

Industry

Industrials

Country

India

Website

Polycab India

ISIN Number

INE455K01017

Website

http://www.polycab.com

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Rp8.900,00

24.56%

Last Update: 03/27/2026

Analysts: 30

Highest Price Target Rp9.744,00

Average Price Target Rp8.900,00

Lowest Price Target Rp6.400,00

In the last five quarters, Polycab India’s Price Target has risen from Rp6.012,31 to Rp7.457,07 - a 24,03% increase. Twenty Eight analysts predict that Polycab India’s share price will increase in the coming year, reaching Rp8.900,00. This would represent an increase of 24,56%.

Top growth stocks in the industrials sector (5Y.)

What does Polycab India do?

Polycab India Limited manufactures and sells wires and cables. Business Segments The company operates through business segments: Wires and Cables, Fast-Moving Electrical Goods (FMEG), and Others. Wires and Cables This segment is the backbone of the company's operations and includes a wide variety of products such as a range of wires for sectors like construction, power distribution, and communication. Fast-Moving Electrical Goods This segment includes a plethora of consumer products like L...

Polycab India Limited manufactures and sells wires and cables.

Business Segments

The company operates through business segments: Wires and Cables, Fast-Moving Electrical Goods (FMEG), and Others.

Wires and Cables

This segment is the backbone of the company's operations and includes a wide variety of products such as a range of wires for sectors like construction, power distribution, and communication.

Fast-Moving Electrical Goods

This segment includes a plethora of consumer products like LED lighting, switches, and accessories, which are designed to enhance energy efficiency and convenience for the end-users. Products in this category are marketed under various brands, targeting retail, trade, and institutional customers.

Others

This category encompasses mechanical products and maintenance solutions tailored for various industries. The company continuously seeks to innovate within these segments, harnessing new technologies and sustainable practices to enhance productivity and environmental friendliness. Efforts are invested in refining the production processes, such as adopting advanced machinery and implementing stringent quality checks to ensure that every product meets the highest standards.

Business Strategy

The company’s primary strategic vision focuses on maintaining its leadership position in the wires and cables sector while expanding its footprint in fast-moving electrical goods and enhancing overall operational efficiency.

The company's strategy focuses on investment in research and development as innovation and product diversification are prioritized to meet the shifting needs of customers and stay abreast of industry trends. The company’s commitment to sustainability and environmental responsibility plays a crucial role in product development.

Furthermore, the company seeks to strengthen its marketing and branding initiatives to improve product visibility and customer engagement. Advancements in digital marketing and e-commerce platforms are explored to build a more robust customer relationship management system. The company recognizes the importance of adapting to changing consumer behaviors, particularly the rising demand for online purchasing channels.

Strengthening partnerships with suppliers and distributors is also key to ensuring a resilient supply chain and achieving economies of scale. The alignment of supply chain strategies with the overall corporate goals is vital, as it allows for better risk management and operational flexibility.

Products and Services

The company’s product portfolio is broad and varied, catering to both B2B and B2C markets. The wires and cables segment includes single-core and multi-core wires, flexible wires, and specialty cables like industrial cables and fire-resistant cables, which cater to various industrial and utility applications.

In the FMEG domain, the company offers a wide range of products including lighting solutions, ranging from decorative LED to commercial lighting, energy-efficient ceiling fans, and an array of modular switches and accessories. Each product is designed with the end-user experience in mind, with an emphasis on aesthetic appeal, functionality, and reliability.

The company also provides tailored solutions such as electrical system monitoring devices, switchgear, and other safety equipment designed to enhance energy efficiency across multiple environments. In alignment with contemporary needs, the offerings also incorporate smart technology features aimed at improving convenience and automation in homes and workplaces.

The company offers services encompass personalized customer service, technical support, installation guidance, and after-sales service, ensuring comprehensive customer satisfaction throughout the product lifecycle.

Geographical Markets Served

The company operates primarily in the Indian market, where it enjoys a substantial market share. The company's product offerings are extensively distributed across all states and territories of India, with a dedicated supply network that guarantees widespread availability.

Recently, the company has been working to expand its international presence, targeting markets in Asia, Africa, and beyond as part of its growth strategy.

Seasonality

The company's business operations experience a certain degree of seasonality, largely influenced by the construction and infrastructure sectors, which see increased activity during the monsoon season and the festival periods. Demand for wiring and electrical products tends to spike during the holiday periods when residential and commercial activities are heightened.

Customers

The company serves a diverse customer base, ranging from residential consumers to large industrial clients. The customer categories include contractors, government agencies, retail consumers, and corporate entities, ensuring a wide reach across various market segments. While specific names of customers are not disclosed, the company supports numerous large-scale projects in the infrastructure, telecommunications, and energy sectors, significantly contributing to its wide market presence.

Sales and Marketing

The company employs a multifaceted marketing strategy that includes traditional sales channels, digital marketing, and direct customer engagement. The company leverages its extensive distributor network to ensure product availability across various markets, employing a model that facilitates effective inventory management and timely deliveries.

The marketing efforts encompass promotional campaigns, trade shows, and exhibitions to enhance brand visibility and reach potential customers. Digital marketing initiatives are increasingly being utilized to engage with consumers through online platforms and social media, fostering a direct connection with end-users.

Customer education and awareness programs are integral to the company’s marketing strategy, enabling the company to communicate the benefits of its products and services effectively.

History

Polycab India Limited was founded in 1964. The company was incorporated in 1996.

Polycab India Questions and Answers

Which sectors generate sales and which are the top 3 markets?

**Revenue distribution by sectors:** - Cables and wires: approx. 60% - FMEG (Fast Moving Electrical Goods): approx. 25% - Others (e.g. EPC projects): approx. 15% **TOP 3 markets and their percentage shares:** - India: approx. 75% - Middle East: approx. 10% - Southeast Asia: approx. 5% Polycab Indi...

At which locations are the company’s products manufactured?

**Production Sites:** India Polycab India Limited mainly produces its products in India. The company has several production facilities in the country, strategically located to efficiently serve the demand both domestically and internationally. The main production sites are located in the states of...

What strategy does Polycab India pursue for future growth?

**Revenue Growth:** 18.5% (2024) **Profit Growth:** 20.1% (2024) Polycab India Limited is pursuing a multi-pronged growth strategy to further strengthen its market position and explore new business opportunities. A key element of this strategy is the diversification of the product portfolio. The co...

Which raw materials are imported and from which countries?

**Main raw materials:** Copper, Aluminum, PVC **Main importing countries:** Chile, Australia, Japan Polycab India Limited mainly imports copper and aluminum, which are essential for the production of cables and wires. Copper is often imported from Chile, one of the world's largest copper prod...

How strong is the company’s competitive advantage?

**Market share in the cable industry:** 22% (2024) **Revenue growth:** 18% (2024) **EBITDA margin:** 13.5% (2024) Polycab India Limited has established itself as a leading provider in the Indian cable and wire industry, with a significant market share of 22%. The company benefits from strong br...

What is the share of institutional investors and insider buying/selling?

**Institutional Investor Share:** approximately 28% (2025, estimated based on previous trends) **Insider Purchases/Sales:** No significant transactions in the last year (2025, estimated) The institutional investor share in Polycab India Limited is around 28%, indicating a strong confidence from in...

What percentage market share does Polycab India have?

**Market share of Polycab India Limited:** approximately 22% (2025, estimated) **Top competitors and their market shares:** 1. **Havells India Limited:** approximately 18% 2. **Finolex Cables Limited:** approximately 12% 3. **KEI Industries Limited:** approximately 10% 4. **RR Kabel Limited:** appr...

Is Polycab India stock currently a good investment?

**Revenue Growth:** 18% (2024) **Profit Growth:** 15% (2024) **Market Share in Cable Segment:** 22% (2024) Polycab India Limited recorded strong revenue growth of 18% in 2024, attributed to increased demand for cables and wires as well as expansion into new product categories. The company further s...

Does Polycab India pay a dividend – and how reliable is the payout?

**Dividend Yield:** 1.2% (2025, estimated) **Dividend History:** Regular payouts over the last 5 years Polycab India Limited has regularly distributed dividends to its shareholders in recent years. The estimated dividend yield for 2025 is around 1.2%. This indicates that the company follows a s...

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Polycab India Stock Value

Polycab India Company Info

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Top growth stocks in the industrials sector (5Y.)

What does Polycab India do?

Polycab India Questions and Answers

Offer & Services

Service & Collaboration

Company & Legal

New support ticket

Explore

Polycab India Stock Value

Polycab India Company Info

Analyst Price Target The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Top growth stocks in the industrials sector (5Y.)

What does Polycab India do?

Polycab India Questions and Answers

Offer & Services

Service & Collaboration

Company & Legal

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.