NSE: POLYCAB | BSE: 542652

Strong Performer, Getting Expensive

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9289.50 96.00 (1.04%)

New 52W High today

190.8K NSE+BSE Volume

NSE 22 May, 2026 3:29 PM (IST)

139,862.5

Market Cap

Market Leader

Beta 1Year

Very 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.

15 May 2026

9289.50

1.04%

POLYCAB INDIA LIMITED

Hold: Polycab India Ltd.

Target

Geojit BNP Paribas

The company delivered a strong double-digit growth driven by robust domestic demand, expanding distribution reach, continued market-share gains and solid execution across Cables & Wires and FMEG segments. Going forward, extra heavy voltage (EHV) capacity commissioning, re-establishment of the U.S. distribution network, deepening export footprint, FMEG premiumisation and sustained investments under Project Spring are expected to support long-term growth. However, geopolitical uncertainties from the Middle East conflict, elevated input prices, inflationary pressure...

Number of FII/FPI investors increased from 855 to 923 in Mar 2026 qtr.

Polycab India Ltd.

07 May 2026

9289.50

1.04%

Polycab India (POLYCAB IN) Q4FY26 Result Update Soft quarter though core growth trajectory remains intact BUY

Buy: Polycab India Ltd.

Target

Prabhudas Lilladhar

The Wires & Cables (W&C) segment delivered moderate growth in Q4FY26, with domestic W&C revenue growing 30.3% YoY and exports grew by 17.8% driven by strong cable demand and execution despite softer trade sentiment and Middle East disruptions. Cables outperformed wires during the quarter, while institutional sales grew faster than channel sales. Volume growth remained in low single digits due to temporary construction halts in North & West India, geopolitical disruptions and softer secondary sales, although cumulative price hikes of 18-19% from Jan-Mar'26 supported realizations. The international business contributed 4.4% to consolidated revenue. EBIT...

Geojit BNP Paribas increased Hold price target of Polycab India Ltd. to 10019.0 on 15 May, 2026.

Polycab India Ltd.

07 May 2026

9289.50

1.04%

Polycab India (HOLD): Volume growth moderates, demand tailwinds intact

Hold: Polycab India Ltd.

Recommendation Target

BOB Capital Markets Ltd.

Revenue/EBITDA grew 27%/13% YoY; W&C drove the top line, but margin contracted 160bps YoY to 13.1%, on an adverse mix

Geojit BNP Paribas increased Hold price target of Polycab India Ltd. to 10019.0 on 15 May, 2026.

Polycab India Ltd.

06 May 2026

9289.50

1.04%

Soft C&W volumes; positive margin surprise in FMEG

Buy: Polycab India Ltd.

Target

Motilal Oswal

Polycab’s (POLYCAB) 4QFY26 revenue/EBITDA grew ~27%/13% YoY to INR88.6b/INR11.6b (~5%/8% beat). Cable & wire (C&W) revenue increased ~29% YoY to INR77.6b (~5% beat) and FMEG revenue grew ~39% YoY to INR6.6b. (~22% beat).

Number of FII/FPI investors increased from 855 to 923 in Mar 2026 qtr.

Polycab India Ltd.

18 Jan 2026

9289.50

1.04%

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 23.51% in the last 6 Months

Polycab India Ltd.

16 Jan 2026

9289.50

1.04%

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 8989.25 from 8 brokers.

Polycab India Ltd.

16 Jan 2026

9289.50

1.04%

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. has an average target of 8989.25 from 8 brokers.

Polycab India Ltd.

21 Nov 2025, 12:00AM

9289.50

1.04%

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,...

Geojit BNP Paribas increased Hold price target of Polycab India Ltd. to 10019.0 on 15 May, 2026.

Polycab India Ltd.

29 Oct 2025

9289.50

1.04%

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.

Polycab India Ltd. has an average target of 8989.25 from 8 brokers.

Polycab India Ltd.

23 Oct 2025

9289.50

1.04%

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.

Number of FII/FPI investors increased from 855 to 923 in Mar 2026 qtr.

VOTE: Is Polycab India Ltd. worth buying?

408 Votes:

Buy 77.21%

Sell 12.01%

Hold 10.78%

RESEARCH REPORTS

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