NSE: POLYCAB | BSE: 542652

Turnaround Potential

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7373.50 22.50 (0.31%)

Near 52W High of ₹7714.00

70,850 NSE+BSE Volume

NSE 03 Oct, 2025 12:44 PM (IST)

110,994.8

Market Cap

Market Leader

1.1

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.

Polycab India Ltd.

25 Jan 2021

7373.50

0.31%

Q3FY21 Result Update - Sustained improvement in B2C mix - BUY

Buy: Polycab India Ltd.

Target

Prabhudas Lilladhar

We increase our FY21/ FY22/ FY23 earnings by (0.9%)/ 2.7%/ 4.4% and reiterate our positive stance on Polycab given 1) increased B2C mix (40% from 33%) 2) strong consumer demand 3) sustained improvements in FMEG margins and 4) distribution expansion. We remain positive on emerging growth opportunity given 1) pick up in renovation/ construction activities 2) distribution expansion 3) 29% 3Q growth in exports (ex Dangote) 4) gains from unorganized sector and 5) launch of IOT based ECD brand HOHM....

Number of FII/FPI investors increased from 669 to 714 in Jun 2025 qtr.

Polycab India Ltd.

25 Jan 2021

7373.50

0.31%

POLYCAB INDIA LTD - Q3 FY21 Result Update

Buy: Polycab India Ltd.

Target

LKP Securities

half in FY21. Polycab's working capital days has significantly improved in this quarter at 37 days from 60 days in previous quarter. The company's ROCE has remained stable at c.30.6% in this quarter while the Net Cash doubled to over 1333.5 crs as of December, 2020. We maintain our...

Number of FII/FPI investors increased from 669 to 714 in Jun 2025 qtr.

Polycab India Ltd.

04 Jan 2021

7373.50

0.31%

Company Initiation - Rewiring into a B2C giant - BUY

Buy: Polycab India Ltd.

Prabhudas Lilladhar

Polycab Evolving into a formidable FMEG player ............................................... 4 Story in charts ........................................................................................................ 5 FMEG Premium positioning with focus on large categories ................................ 6 FMEG CAGR of 28.8% over FY21-23 to improve B2C mix ............................... 6 FMEG margins to improve by 600bps over FY20-23E ................................... 8 Fans (40-45% of FMEG sales): Increasing premium offerings ......................... 10 Lighting (20-25% of FMEG sales): Innovation remains a key to success ......... 11 Switches & Switchgears (15% of FMEG sales): Immense growth potential ..... 12...

Polycab India Ltd. has gained 39.50% in the last 6 Months

Polycab India Ltd.

22 Dec 2020

7373.50

0.31%

Polycab

Buy: Polycab India Ltd.

Target

Sharekhan

We retain Buy on Polycab India Limited (Polycab) with a revised PT of Rs. 1,200, given the improvement in demand in underlying user-industries. Strong traction seen in new launches and sales in pan-India residential market is expected to drive the company's housing wires and FMEG segments. Multiple price hike undertaken by the company led by a rise in copper prices to drive C&W; revenues along with underlying healthy demand. Copper volatility is a natural hedge unaffecting margin profile. The company to deepen its presence in semi-urban and rural markets to drive FMEG...

Polycab India Ltd. is trading above all available SMAs

Polycab India Ltd.

03 Dec 2020, 12:00AM

7373.50

0.31%

Polycab - Cables and Wires market leader at an inflection point with increasing focus on B2C

Polycab India Ltd.

Monarch Networth Capital Limited

Strong distribution reach across the country with 3400+ dealers. Growing market share in cables & wires business Strong market share gains opportunity due to shift from...

Number of FII/FPI investors increased from 669 to 714 in Jun 2025 qtr.

Polycab India Ltd.

28 Oct 2020

7373.50

0.31%

Light House - A Quick Perspective - Polycab India Ltd. - 28 October 2020

Buy: Polycab India Ltd.

Way2Wealth

Good Inroads in the FMEG segment With a highly diversified product mix, Cables & Wires accounts for 84-85% of total revenues. It is a market leader with more than 12% market share in the overall wires & cables market and more than 18% market share in the organized market. Over the last five years, Polycab has grown its revenue at a CAGR of 14% outpacing the overall industry growth of ~11%. The company has been improving its mix over the last few years from a relatively commoditized cable and wire business to making inroads in the FMEG (Fast Moving Electrical Goods) segment, which...

Polycab India Ltd. has gained 39.50% in the last 6 Months

Polycab India Ltd.

26 Oct 2020

7373.50

0.31%

Polycab India

Buy: Polycab India Ltd.

Target

ICICI Securities Limited

Gross margin during the period increased ~180 bps YoY led by better product mix. In addition to this, significant steps to rationalise fixed cost like lower variable pays & incentives and other costs help drive overall EBITDA margin up by 266 bps YoY at 14.8% in Q2FY21. We believe some costs (like travelling, advertising, etc) will get restored with normalisation in business...

Polycab India Ltd. has an average target of 7635.90 from 10 brokers.

Polycab India Ltd.

26 Oct 2020

7373.50

0.31%

Result Update:Polycab India

Buy: Polycab India Ltd.

Target

Axis Direct

We arrive at a target price of Rs 1015 (vs. Rs 915 earlier) valuing Polycab at 18X FY22E EPS of Rs 56.4. Maintain BUY.

Polycab India Ltd. has an average target of 7635.90 from 10 brokers.

Polycab India Ltd.

26 Oct 2020

7373.50

0.31%

Polycab

Buy: Polycab India Ltd.

Target

Yes Securities

Polycab reported stronger than expected numbers led by healthy revival in domesticB2Csegmentandexports.C&W;segmentrevenuesdeclined5%yoy;the decline was lowerthanexpected on account of double digit growth in housing wiresand47%yoygrowthinexports.However,domesticB2Bsegmentdeclined 3040%yoyduetoslowerexecutionininfrastructureprojects.ExcludingDangote revenues (Rs440mn), exports jumped 400% yoy led by increasing presence in exportmarket.Recoveryinrevenuesisalsoaidedbythestrongincreaseincopper prices. FMEG growth of 24.7% yoy was quite higher than our expectations....

Number of FII/FPI investors increased from 669 to 714 in Jun 2025 qtr.

VOTE: Is Polycab India Ltd. worth buying?

388 Votes:

Buy 76.29%

Sell 12.37%

Hold 11.34%

RESEARCH REPORTS

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