Polycab Share Price Today: Live Updates & Market Insight
What’s the Current Price?
As of today, Polycab India stock is trading in the range of ₹6,800–₹6,900, with most platforms quoting:
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₹6,803.50 on Moneycontrol (Previous Close: ₹6,948)
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₹6,824–₹6,889 according to Screener and other aggregators
The exact price may fluctuate throughout the trading session due to market dynamics.
Market Movers: Key Drivers Behind Price Action
Understanding the movement in Polycab's share price requires a closer look at recent catalysts:
Strong Q1 Performance
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Q1 FY26 net profit rose 50% YoY to ₹592 crore, with revenue up 26%, signalling accelerating business performance.
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Q4 FY25 results also showcased solid growth: net profit up 33% YoY to ₹727 crore, with the board recommending a ₹35/share dividend, reflecting stability and investor returns.
Major Project Win
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In June, Polycab secured a ₹6,448 crore BSNL BharatNet contract as the Project Implementation Agency in Karnataka, Goa, and Puducherry—boosting its telecom infrastructure play and positively impacting sentiment.
Snapshot of Polycab’s Key Metrics
| Metric | Value |
|---|---|
| Current Price | ₹6,803–₹6,889 |
| 52‑Week Range | ₹4,555 – ₹7,605 |
| Market Cap | ₹1.04 lakh crore |
| P/E Ratio (TTM) | ~51–53× |
| P/B Ratio | ~10.6× |
| Dividend Yield | ~0.5% – 0.51% |
| ROE / ROCE | ~21–30% / ~29.7% |
Reasons Behind Current Valuation
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Robust financial performance
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Q1 FY26 net profit surged 50% YoY to ₹592 crore, led by improving operational efficiencies.
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Infrastructure boost
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Winning a ₹6,447 crore BSNL BharatNet contract strengthens its FMEG and EPC diversification.
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Premium valuation multiples
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With a P/E over 50×, Polycab mirrors high-growth expectations but could be vulnerable if execution falters or earnings miss. Analysts point to this valuation gap as a potential risk.
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Healthy balance sheet
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Virtually debt‑free and earning strong returns (ROE ~21%, ROCE ~29%), which supports both dividends and growth initiatives.
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Dividend consistency
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Annual dividend of ₹35/share, yielding ~0.5%, underlines a stable payout policy .
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Sector tailwinds
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On the back of infrastructure investment and rising demand in wires, cables, and FMEG, Polycab remains well-positioned. It holds ~25–27% share in India’s organized cable market.
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Investment Outlook & Risks
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Analyst price targets
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TradingView’s consensus 12-month target is ₹6,918.50 (≈0.6% upside).
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SimplyWallSt flags the stock as “potentially overvalued” unless earnings accelerate further .
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Valuation risks
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If growth stalls or multiple contraction occurs, downside becomes a possibility given the high starting valuation.
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Growth potential
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Continued strong earnings, successful execution of BharatNet, and FMEG expansion could justify the premium and drive future upside.
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Conclusion
Polycab’s share price today reflects a premium valuation anchored by:
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Strong recent earnings growth
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Monumental BSNL contract
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Excellent financial health and dividend discipline
Still, the stock trades at a high P/E, implying that future growth must materialize to sustain returns. Investors should weigh the optimism around earnings/profit delivery against valuation risks. For those bullish on India’s infrastructure and FMEG demand, this may be a stock to watch closely.
