According to reports from Moneycontrol, Polycab India's stock declined by 2.09% to ₹9,081.00 at 10:17 am on Tuesday. The stock continues to be a prominent entity within the Nifty Midcap 150 index. As of the latest trading session on August 11, 2026, the stock stands at ₹9,043.50, down by ₹231.5 from its previous closing. The stock has fluctuated between ₹9,025 and ₹9,319.5 during the session, with a 52-week high of ₹10,126 and 52-week low of ₹6,620. Over the past year, Polycab India has achieved a return of 37.25%, with a 0.7% return in the last month alone. Latest market data shows the stock trading at ₹9,040.50 on NSE and ₹9,045.00 on BSE as of August 11, 2026, with the company maintaining its position as a Large Cap entity with a market capitalization of ₹1,39,903 crore.
As reported by Moneycontrol, in the quarter ending June 2026, Polycab India delivered exceptional financial results with net income of ₹784 crore, representing a 32% increase from the previous year. The company's revenue surged to ₹8,210 crore, marking a 39% growth compared to the same quarter in the previous fiscal year. Polycab's operational EBITDA reached ₹1,225 crore with margins of 14.92%, showing a 43% increase year-on-year. This strong performance was primarily attributed to elevated copper prices and robust demand momentum from sectors including power transmission and distribution, data centres, construction, and oil and gas. Market experts noted that this represents volume growth, not a base effect, indicating sustainable business expansion beyond temporary market conditions.
According to Moneycontrol, Polycab India's revenue has shown substantial growth, increasing from ₹12,203.76 crore in the year ending 2022 to ₹28,883.79 crore in the year ending 2026. This translates to an approximate growth of 136% over the five-year period. The net profit has also followed a robust upward trend, climbing from ₹847.79 crore in the year ending 2022 to ₹2,708.43 crore in the year ending 2026, marking an impressive increase of over 219%. Earnings Per Share (EPS) also saw a significant rise from 60.87 in the year ending 2022 to 177.53 in the year ending 2026, reflecting enhanced profitability on a per-share basis.
As reported by Moneycontrol, the company's Return on Networth/Equity has shown consistent improvement, rising from 16.39% in the year ending March 2022 to 22.25% in the year ending March 2026. The Debt to Equity ratio has remained remarkably low, consistently at 0.01x for most of the period, indicating a strong and healthy financial structure with minimal reliance on debt. Valuation ratios such as Price-to-Earnings (P/E) and Price-to-Book (P/B) have experienced some fluctuations, with the P/E ratio at 38.55x and P/B ratio at 8.58x as of the year ending March 2026. As of August 11, 2026, the company's market capitalization stands at ₹1,36,535.60 crore, with P/E ratio of 49.86 and P/B ratio of 785.94. Latest market data shows the P/E ratio at 48.84 times as of August 10, 2026, representing a 33 premium to peers' median range of 36.84 times, while the P/B ratio stands at 11.01 times, a 159 premium to peers' median range of 4.25 times.
According to recent market analysis, wire and cable manufacturers like Polycab India are experiencing strong Q1 earnings performance amid elevated copper prices and robust demand momentum. However, experts predict that the key focus in upcoming periods will be on monitoring the cost and price equation along with companies' ability to improve margin growth once copper prices stabilise. While copper prices hit a record high of $6.8665 per 25,000 pounds in August 2026, they have since moderated to $6.5595 per 25,000 pounds as of August 13, 2026. Market experts note that if copper prices stabilise at higher levels amid supply crisis issues, companies will likely continue gaining as rising copper prices inflate revenues. The sector's outlook remains constructive, with companies expected to benefit from sustained execution in the power and capex cycle, though investors should track volume growth against value growth and working-capital discipline at elevated metal prices.
