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    Polycab India Limited

    India's largest wires & cables maker, with a growing FMEG consumer-electricals and EPC business.

    Capital Goods
    Industrials
    View POLYCAB earnings calls
    ₹10,083
    +14.30% from avg

    Overview

    Price

    ₹10,083

    Market Cap

    ₹1.3L Cr

    Sector

    Capital Goods

    Industrials

    Rank

    3

    Performance

    Explore POLYCAB

    Promise TrackerConcall Analysis

    Financials

    Income Statement

    Financial Trajectories

    11
    Quarterly

    Balance Sheet

    Balance Sheet

    ₹ Cr · Annual
    Line itemFY20FY21FY22FY23FY24FY25FY26FY26
    LiabilitiesEquity Capital149149149150150150151151
    Reserves3.7k4.6k5.4k6.5k8.0k9.7k10.4k11.9k
    Borrowings157282118191161202223236
    Other Liabilities2.0k2.0k1.8k2.6k3.7k3.7k6.4k8.2k
    Total Liabilities6.0k7.0k7.4k9.4k12.1k13.7k17.2k20.5k
    AssetsFixed Assets1.4k1.9k1.7k2.1k2.3k3.0k3.4k3.7k
    CWIP241993752515787088601.1k
    Investments656357731.4k1.8k1.7k1.7k3.4k
    Other Assets4.2k4.4k4.6k5.8k7.3k8.3k11.2k12.2k
    Total Assets6.0k7.0k7.4k9.4k12.1k13.7k17.2k20.5k

    Valuation

    Assumptions

    Current — POLYCAB
    Price
    ₹10,083
    EPS (TTM)
    ₹190.24
    PE (TTM)
    53.0
    Profit growth
    28.3%
    ₹

    The Earnings Per Share over the last 12 months.

    %

    Your assumption of the company's expected yearly EPS growth (e.g., 6 for 6%).

    Pre-filled with the lower of median (44.5×) and current (53.0×) PE — the conservative anchor.

    %

    The annualized return you aim to achieve. We solve for the price that delivers it, then compare to today's price.

    Valuation

    Current price
    ₹10,083
    vs
    Fair value · 15% return
    ₹13,893
    38%Undervalued

    At 28.3% growth and a 45× exit, ₹10083 only delivers your return if you pay ₹13,893. The price is currently baking in 21% growth.

    EPS grows 28.3%/yr for 5 years, then fades to 6% over 2, exits at 45×.

    YearGrowthEPS (₹)
    FY2728.3%244.08
    FY2828.3%313.15
    FY2928.3%401.77
    FY3028.3%515.48
    FY3128.3%661.36
    FY3217.2% ·fade774.78
    FY336.0% ·fade821.26

    Methodology: we discount normalized net profit as a proxy for owner earnings (an earnings-power approximation — not full free cash flow). Terminal growth is capped at 6% (≈ nominal GDP) regardless of the required return. This is an analytical tool, not investment advice.

    Learn to analyse Polycab India Limited

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