Polycab Stock Price - ₹8,807.50 | Industrial Products

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Company insights, generated from the most recent coverage.

Domestic revenue surged 39% YoY in Q1 FY27, with FMEG segment hitting record ₹761 Cr (+71% YoY), offsetting export weakness.
PVC prices up 60-80% and volatile copper/crude costs create margin compression risks despite Polycab's ability to pass through costs.
Q1 FY27 international revenue fell 13% YoY as Middle East conflict disrupted trade routes, impacting a region contributing 16-24% of export sales.

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The Quarter story

The two most recent quarterly results, compared side-by-side.

Polycab India delivers strong revenue growth and recovering margins, backed by highly efficient working capital and a surging FMEG segment, while export sales and rising finance costs warrant attention.

Revenue grew from ₹59,060 Cr to ₹82,097 Cr from Q1 FY26 to Q1 FY27 — consistent top-line expansion

Export revenue fell from ₹3,061 Cr to ₹2,671 Cr from Q1 FY26 to Q1 FY27 — weaker overseas demand

FMEG EBIT margin climbed from 0.5% to 8.0% from Q2 FY26 to Q1 FY27 — rapid segment profitability

Finance cost rose from ₹513 Cr to ₹800 Cr from Q1 FY26 to Q1 FY27 — pressure on interest expenses

Net working capital days dropped from 35 days to 3 days from Q1 FY26 to Q1 FY27 — highly efficient cash management

Cash and bank balances dropped from ₹9,153 Cr to ₹4,835 Cr from Q1 FY26 to Q1 FY27 — heavy liquidity deployment

Acceptances rose from ₹25,668 Cr to ₹51,408 Cr from Q1 FY26 to Q1 FY27 — strong order pipeline building

EPC revenue fell from ₹4,024 Cr to ₹3,077 Cr from Q2 FY26 to Q1 FY27 — temporary project slowdown

Borrowings fell from ₹392 Cr to ₹358 Cr from Q1 FY26 to Q1 FY27 — active debt reduction

DII shareholding fell from 9% to 5% from Q1 FY26 to Q1 FY27 — domestic institutional profit booking

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In the news

Polycab, KEI Industries, RR Kabel stocks fall up to 8% on JM downgrades

BofA maintains bullish stance on Polycab, KEI amid UltraTech entry

India Q1 FY27 earnings: 19 sectors beat estimates, Nifty 50 delivers 18% PAT growth

Polycab India shares fall 2.09% to ₹9,081 despite strong Q1 growth

Polycab India shares rise 2% on strong Q1 results

India's Wire and Cable Boom: How Polycab, RR Kabel, and KEI Are Powering the Electrification Revolution

RR Kabel Hits Fresh Highs After 9% Rally on Strong Q1FY27 Results

Polycab India targets ₹11,900 as Q1FY27 revenue jumps 39%

Polycab Q1 FY27 Results: Revenue jumps 39% to ₹8,210 cr, stock falls 4%

Polycab shares surge 4% as Jefferies raises target to ₹10,920

Polycab India files BRSR, sets June 19 record date for ₹47/share dividend

Polycab India hits record high, experts eye ₹9,600-₹10,282 targets

Polycab India Surges 6% to 52-Week High on Record Q4 Results

Polycab India shares hit 52-week high at ₹8,991.50 on strong Q4 results

Polycab shares surge 6% on strong Q4 results, HSBC raises target to ₹9,500

Polycab shares surge 5% to 52-week high on record FY26 results

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Polycab India achieves record ₹285bn revenue, declares ₹47/share dividend

Polycab

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