NSE: POLYCAB | BSE: 542652

Mid-range Performer

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7227.00 180.00 (2.55%)

58.24% Gain from 52W Low

357.6K NSE+BSE Volume

NSE 07 Apr, 2026 3:31 PM (IST)

108,807.6

Market Cap

Market Leader

Beta 1Year

High Volatility

Polycab India Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for POLYCAB, BSE:542652 Polycab India Ltd.

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Polycab India Ltd.

18 Jan 2026

7227.00

2.55%

Margin to normalise, structural demand remains intact; retain BUY

Buy: Polycab India Ltd.

Target

Anand Rathi

Polycab delivered a strong performance in Q3FY26 with revenue and earnings growing by 46% y/y and 36% y/y, respectively led by robust execution in Wires & Cables (W&C) and sustained profitability in FMEG segments.

Polycab has gained 43.37% in the last 1 Year

Polycab India Ltd.

16 Jan 2026

7227.00

2.55%

Strong volume; steep RM inflation impacts margins

Buy: Polycab India Ltd.

Target

Motilal Oswal

Polycab India (POLYCAB) reported strong revenue growth of ~46% YoY in 3QFY26, led by ~54% growth in the cable & wire (C&W) segment. However, steep RM cost inflation impacted the C&W segment’s margins.

Polycab India Ltd. has an average target of 8505.62 from 8 brokers.

Polycab India Ltd.

16 Jan 2026

7227.00

2.55%

Polycab India (BUY): Commodity tailwinds, margins disappoint

Buy: Polycab India Ltd.

Target

BOB Capital Markets Ltd.

Q3 revenue grew 46% YoY, led by robust performance across W&C (+54% YoY) and FMEG segments (+18% YoY)

Polycab India Ltd. is trading below all available SMAs

Polycab India Ltd.

21 Nov 2025

7227.00

2.55%

POLYCAB INDIA LIMITED

Hold: Polycab India Ltd.

Target

Geojit BNP Paribas

*over or under performance to benchmark index FMEG's revenue increased 13.8% YoY to Rs. 452cr, on rising demand from most categories. Solar performed well on the back of strong demand under central and state solar rooftop incentive schemes. Demand was, however, tepid in fans. 15.8% due to strong profitability in the W&C segment and operational efficiencies. Reported PAT grew 55.6% YoY to Rs. 693cr on account of growth in the topline,...

Polycab India Ltd. has an average target of 8505.62 from 8 brokers.

Polycab India Ltd.

29 Oct 2025

7227.00

2.55%

Sustained growth momentum continues in C&W

Buy: Polycab India Ltd.

Motilal Oswal

We met with the management of Polycab India (POLYCAB) to get an update on business trends across Cables & Wires (C&W), FMEG, and EPC segments, RM price trends, and the company’s key strategic initiatives.

Number of FII/FPI investors increased from 800 to 855 in Dec 2025 qtr.

Polycab India Ltd.

23 Oct 2025

7227.00

2.55%

Broad-based growth with margin expansions; retaining a Buy

Buy: Polycab India Ltd.

Target

Anand Rathi

Broad-based expansion in its Cables & Wires business boosted Polycab India’s Q2 revenue 18% y/y. Operating leverage, product premiumisation and a favourable mix gave it its highest quarterly margins.

Polycab India Ltd. is trading below all available SMAs

Polycab India Ltd.

18 Oct 2025

7227.00

2.55%

Polycab India (POLYCAB IN) Q2FY26 Result Update Strong...

Buy: Polycab India Ltd.

Target

Prabhudas Lilladhar

Polycab India Ltd. has an average target of 8505.62 from 8 brokers.

Polycab India Ltd.

18 Oct 2025

7227.00

2.55%

Polycab India (BUY): Growth momentum continues, margins surprise positively

Buy: Polycab India Ltd.

Target

BOB Capital Markets Ltd.

Q2 revenue grew 18% YoY, led by robust performance across W&C (+21% YoY) and FMEG segments (+14% YoY)

Polycab has gained 43.37% in the last 1 Year

Polycab India Ltd.

17 Oct 2025

7227.00

2.55%

Robust growth in C&W, along with margin expansion

Buy: Polycab India Ltd.

Target

Motilal Oswal

Polycab India (POLYCAB) posted yet another strong quarter with revenue growing ~18% YoY to INR64.8b (in line) in 2QFY26, driven by ~19%/14% growth in Cables and Wires (C&W)/FMEG segments.

Polycab India Ltd. is trading below all available SMAs

Polycab India Ltd.

25 Aug 2025

7227.00

2.55%

Vision to Transform Conviction to Outperform

Accumulate: Polycab India Ltd.

Asit C Mehta Investment Interrmediates

Polycab is the largest company by revenue in the Indian electrical industry, holding a 26-27% share in the organised wires & cables (W&C) market and 19-20% of the overall ~?900 billion W&C market.

Polycab India Ltd. has an average target of 8505.62 from 8 brokers.

VOTE: Is Polycab India Ltd. worth buying?

406 Votes:

Buy 77.09%

Sell 12.07%

Hold 10.84%

RESEARCH REPORTS

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