Should I buy Polycab stock in 2025?
Is it the right time to buy Polycab?
ScorePolycab India Limited, currently trading near ₹6,718 with a daily average volume of about 465,400 shares, stands out as a leader in India's electrical cables and FMEG segment. The company's market cap of ₹1,01,110 crores highlights its stature in the sector. Over the past year, Polycab has demonstrated robust financial performance, including a 33% YoY net profit surge in Q4 FY25 and a revenue growth of 25%. Key developments such as winning major contracts from BSNL and a declared final dividend further showcase Polycab's operational strength and shareholder focus. Recent expansion in domestic and international markets, paired with India’s rapid urbanization and renewable energy adoption, continue to fuel optimism. While the current P/E ratio of 52.4 suggests a premium valuation, Polycab’s solid fundamentals and positive sector outlook have led the consensus of over 13 national and international banks to set a target price of approximately ₹8,733. Amid a constructive market sentiment and Polycab’s clear industry leadership, now may be an opportune moment for investors wanting exposure to India's evolving infrastructure sector.
- ✅Dominant market share in organized cables and wires sector.
- ✅Sustained double-digit annual revenue and profit growth.
- ✅Rapid expansion in FMEG division supports diversification.
- ✅Strong domestic and international growth momentum.
- ✅Recent contract wins and robust order book.
- ❌Premium valuation with a high P/E ratio versus industry average.
- ❌Recent stock volatility post-correction demands close monitoring.
Score- ✅Dominant market share in organized cables and wires sector.
- ✅Sustained double-digit annual revenue and profit growth.
- ✅Rapid expansion in FMEG division supports diversification.
- ✅Strong domestic and international growth momentum.
- ✅Recent contract wins and robust order book.
Is it the right time to buy Polycab?
- ✅Dominant market share in organized cables and wires sector.
- ✅Sustained double-digit annual revenue and profit growth.
- ✅Rapid expansion in FMEG division supports diversification.
- ✅Strong domestic and international growth momentum.
- ✅Recent contract wins and robust order book.
- ❌Premium valuation with a high P/E ratio versus industry average.
- ❌Recent stock volatility post-correction demands close monitoring.
Score- ✅Dominant market share in organized cables and wires sector.
- ✅Sustained double-digit annual revenue and profit growth.
- ✅Rapid expansion in FMEG division supports diversification.
- ✅Strong domestic and international growth momentum.
- ✅Recent contract wins and robust order book.
- What is Polycab?
- Polycab Stock Price
- Our full analysis on Polycab stock
- How to buy Polycab stock in India?
- Our 7 Tips for Buying Polycab Stock
- The latest news about Polycab
- FAQ
- On the same topic
Why trust HelloSafe ?
At HelloSafe, our expert has been tracking the performance of Polycab for over three years. Every month, hundreds of thousands of users in India trust us to decipher market trends and identify the best investment opportunities. Our analyses are provided for informational purposes and do not constitute investment advice. In accordance with our ethical charter, we have never been, and will never be, compensated by Polycab.
What is Polycab?
| Indicator | Value | Analysis |
|---|---|---|
| 🏳️ Nationality | India | Polycab is a leading electrical manufacturer based in India. |
| 💼 Market | NSE, BSE | Listed on both top Indian exchanges, ensuring strong liquidity. |
| 🏛️ ISIN code | INE455K01017 | Unique identifier for Polycab shares on global markets. |
| 👤 CEO | Inder T. Jaisinghani | Veteran leadership driving robust strategic growth. |
| 🏢 Market cap | ₹1,01,110 crores | This large cap signals Polycab’s industry dominance in India. |
| 📈 Revenue | ₹22,408 crores (FY25 est.) | Strong double-digit sales growth shows expanding market share. |
| 💹 EBITDA | ₹4,196 crores (FY25 est.) | Healthy margins highlight operational efficiency and scalability. |
| 📊 P/E Ratio (Price/Earnings) | 52.4 | High valuation reflects strong growth expectations and optimism. |
Polycab Stock Price
The price of Polycab stock is rising this week. Polycab currently trades at ₹6,718 per share, reflecting a 1.32% drop in the last 24 hours but a strong 3.85% gain over the past week. The company’s market capitalization stands at ₹1,01,110 crores, with a robust three-month average daily volume of 465,400 shares. Its price/earnings (P/E) ratio is 52.4, the dividend yield is 0.52%, and the stock’s beta is 1.12, indicating moderate volatility. This performance suggests active investor interest and highlights potential for further movement in the fast-evolving Indian market.
Our full analysis on Polycab stock
We have reviewed Polycab's latest financial results, as well as the stock’s performance over the past three years. In this analysis, we combine insights drawn from financial indicators, technical signals, market data, and competitor comparisons, processed through our proprietary algorithms. So, why might Polycab stock once again become a strategic entry point into the Indian electrical and technology sector in 2025?
Recent performance and market context
Polycab has delivered a resilient and dynamic performance over the recent period, highlighted by a share price of ₹6,718, representing steady gains of +3.85% for the week and stability over 12 months. The slight daily retracement of -1.32% follows an impressive recovery after a historic 6-month swing, underlining healthy investor interest and adaptability even amidst short-term volatility. Positive events bolster this context: Polycab secured ₹5,600 crores in landmark BSNL cable orders in January 2025 and announced a substantial final dividend, reflecting robust operational cash flows. India’s macroeconomic environment—characterized by accelerating urbanization, strong infrastructure investments, and a government-backed push for renewable energy—positions the wire and FMEG sectors for outsized growth. Sector leadership dynamics, especially in organized electricals and premium wires, provide Polycab an enviable competitive edge compared to domestic rivals.
Technical analysis
Technical signals for Polycab are distinctly bullish, building a solid base for near- and mid-term positive momentum. The Relative Strength Index (RSI) stands at 70.4, signaling strength yet warranting prudent observation for overbought levels. The MACD indicator, at 211.2, confirms upward price momentum, while the share continues to trade above all major moving averages (20-day SMA: ₹6,301; 50-day: ₹6,054; 100-day: ₹5,660; 200-day: ₹6,240). These technical convergences, coupled with immediate support at ₹6,629 and strong resistance proximity at ₹6,839–6,960, outline a chart structure favoring trend continuation. Recent bullish crossovers signal Polycab’s entrance into a high-conviction channel, suggesting that technical participants are embracing further upside, especially as the stock bounces off multi-month lows with rising volumes.
Fundamental analysis
Fundamentals for Polycab are compelling, showcasing strong revenue visibility, expanding profitability, and strategic agility. FY25 revenues surged to ₹22,408 crores (+24% YoY), driven by diversified demand for cables, wires (84% of sales), and surging FMEG (Fast Moving Electrical Goods) growth (16%). Quarterly EBITDA reached ₹1,025 crores (+35% YoY, margin 14.7%), while net profit grew 13% annually—outperforming consensus and reinforcing management execution. While its trailing P/E ratio of 52.4 reflects market optimism and premium valuation, it is supported by double-digit CAGR forecasts and industry outperformance, suggesting expectations for continued robust earnings expansion. Polycab’s innovation engine—over 10,600 SKUs, extensive R&D, and digital initiatives—cements its leadership in product, process, and supply chain excellence. The company’s dominant market share (26–27% in organized wires/cables), trusted brand, and ability to navigate sectoral headwinds make its fundamentals particularly attractive in India’s rapidly modernizing society.
Volume and liquidity
Polycab’s average daily volume of 465,400 shares signals enduring institutional and retail participation. Sustained trading around this level reflects both market depth and confidence, ensuring that large positions can be initiated or exited with minimal impact cost. The stock’s healthy float, with 63.04% held by promoters and a balanced mix of foreign (FII: 11.11%) and domestic institutional investors (DII: 10.95%), supports dynamic valuation discovery. Liquidity and free float trends position Polycab as one of the index’s more actively traded technology-adjacent industrial leaders, increasing its appeal to portfolio managers seeking scalable exposure.
Catalysts and positive outlook
Several near- and medium-term catalysts underline Polycab’s upward potential:
- Product portfolio expansion: Aggressive FMEG launches and premiumization initiatives are broadening addressable markets.
- Large government and telecom orders: Projects like the ₹5,600 crores BSNL contract and EPC growth (+47% YoY in Q4) drive revenue visibility.
- Sustained export and international expansion: Strategy aims for higher market share in APAC, Middle East, and Africa, reducing domestic cyclicality risk.
- ESG and green energy initiatives: Early-mover advantages in renewables electrification and smart infrastructure solutions.
- Favorable regulatory context: Growing electrification, smart city investments, and Make in India incentives.
- Analyst upgrades: Multiple brokerage consensus targets above ₹7,000–8,300 (+17–24% upside), with “Buy” recommendations remaining robust.
Elevated return on equity (ROE: 14.9%), consistently rising margins, and strong execution on long-term projects strengthen the bullish scenario, while management continuity and Tata group synergies add further confidence.
Investment strategies
Polycab can fit a versatile range of investment horizons:
- Short-term: Technical positioning near recent breakout levels, strong momentum, and clear catalysts (earnings, project wins) offer traders potential for rapid gains. Stops can be set just below key support zones (₹6,629).
- Medium-term: Ongoing transformation into a full-scale consumer electricals leader and sustained double-digit revenue/earnings growth justify a strategic stake for 6–18 months. Key holding triggers include upcoming quarterly results (July 17), further government infrastructure spends, and international forays.
- Long-term: Secular industry tailwinds, a track record of adapting to technology shifts, and the company’s dominant market share in the high-barrier wires and cables sector create appeal for buy-and-hold investors. Dividend yield (0.52%) adds a modest income stream, while future earnings growth could lead to even higher payouts.
An ideal entry point could arise near support during broader market pullbacks, or ahead of major announcements (product launches, contract awards), making staged accumulation a prudent approach for diverse investor profiles.
Is it the right time to buy Polycab?
Polycab exemplifies the hallmarks of a sector leader: robust financial momentum, consistent operational performance, a powerful innovation cycle, and the agility to capitalize on India’s electrification and technology spending boom. The convergence of strong fundamentals, positive technical signals, and an enabling macro environment seems to represent an excellent opportunity for new or increased exposure. While valuation is elevated—a classic feature of leading growth franchises—it is supported by solid earnings trajectories, high ROE, and compelling growth potential in both domestic and export markets.
With a clear roadmap for sustained expansion, exceptional execution in both B2B and B2C markets, and catalysts on the horizon, the fundamentals justify renewed interest in Polycab. The stock may be entering a new bullish phase that appeals to investors seeking both growth and resilience. As the next quarterly report approaches, Polycab seems well positioned to deliver value to a market hungry for high-quality industrial tech opportunities—making it a stock that serious investors should keep firmly on their watchlist.
How to buy Polycab stock in India?
Buying Polycab stock online is both simple and secure when you use a regulated broker in India. Investors can choose between two main methods: buying the shares directly (spot/cash purchase) or trading using Contracts for Difference (CFDs), which let you speculate on price movements with leverage. Both options are accessible with just a few clicks. To make an informed choice tailored to your objectives, check out our detailed broker comparison further down the page.
Cash buying
A cash (spot) purchase of Polycab stock means you buy real shares on the Indian stock market and become a shareholder, benefiting from potential dividends and price appreciation. Brokerage fees for spot trades are typically fixed—commonly ₹20–₹30 per order with major online brokers in India.
Gain Scenario Example
For example: If the Polycab share price is ₹6,718 and the USD/INR rate is around 83, $1,000 converts to about ₹83,000. You could buy approximately 12 shares with a $1,000 stake, considering a brokerage fee of around $5 (approximately ₹415).
✔️ Gain scenario:
If the share price rises by 10%, your shares are now worth $1,100.
Result: +$100 gross gain, i.e. +10% on your investment.
Trading via CFD
CFD trading on Polycab allows you to speculate on the stock price without owning the actual shares. With CFDs, you can use leverage—multiplying your market exposure—though this involves paying the spread (the difference between buy and sell price) and, if held overnight, financing charges.
Gain scenario:
For example: You open a CFD position on Polycab shares, using $1,000 of your capital and 5x leverage. This gives you market exposure of $5,000.
If the stock rises by 8%, your position gains 8% × 5 = 40%. Result: +$400 gain, on a bet of $1,000 (excluding fees).
Final advice
Before you invest, it’s essential to compare the fees, available tools, and account conditions of different brokers. Remember, your choice—between cash buying and CFDs—should match your risk appetite and investment horizon. For more details and to find the best broker for your needs, see the comprehensive comparison provided below.
Check out the best brokers in India!Compare brokersOur 7 Tips for Buying Polycab Stock
| 📊 Step | 📝 Specific tip for Polycab |
|---|---|
| Analyze the market | Review growth trends in the Indian cable, wires, and FMEG sectors that drive demand for Polycab products. |
| Choose the right trading platform | Select a SEBI-regulated Indian broker offering BSE/NSE access, low commissions, and efficient settlement for Polycab shares. |
| Define your investment budget | Invest an amount that fits your risk profile, considering Polycab’s large-cap status and industry volatility. |
| Choose a strategy (short or long term) | Consider a long-term approach to benefit from Polycab’s consistent expansion, sector leadership, and strong earnings. |
| Monitor news and financial results | Track quarterly earnings, major contracts, and dividend declarations for Polycab to stay informed on performance. |
| Use risk management tools | Implement stop-loss and limit orders to safeguard your investment amid potential market corrections in the stock. |
| Sell at the right time | Look to book profits during rallies, analyst upgrades, or before anticipated market events that may increase volatility. |
The latest news about Polycab
Polycab declared a final dividend of ₹35 per share at its July 2025 AGM, reflecting strong cash generation. This sizeable dividend payout was supported by robust full-year net profit growth and a healthy balance sheet, which has helped maintain positive investor sentiment toward the stock.
Quarterly results for Q4 FY25 showed Polycab’s revenue surged 25% year-on-year, beating analyst estimates. Sales reached ₹6,986 crores, driven by higher demand in India’s cables, wires, and FMEG segments, with profit margins also exceeding expectations thanks to cost controls and an improved product mix.
Polycab’s stock price climbed 3.85% over the past week, outperforming sector peers on renewed buying interest. Technical indicators are positive, as the stock trades above all major moving averages and maintains a strong bullish trend, attracting attention from both institutional and retail investors.
Polycab announced significant expansion in the FMEG (Fast-Moving Electrical Goods) portfolio and international markets. The company’s aggressive investments in new products and market geographies, especially in western and southern India, have positioned it for sustained long-term growth and market share gains.
Recent analyst upgrades reflect confidence in Polycab’s strategy, with consensus target price now at ₹7,041. Major brokerages cite Polycab’s leadership, consistent earnings delivery, and sector tailwinds as key reasons for their positive outlook, with Jefferies, Motilal Oswal, and Nuvama all forecasting further upside.
FAQ
What is the latest dividend for Polycab stock?
Polycab currently pays a dividend, with the most recent being ₹35 per share, declared in July 2025. The yield is moderate due to strong capital gains, and the company’s history shows consistent payouts alongside profit growth. This reflects the management’s intent to reward long-term shareholders as earnings expand.
What is the forecast for Polycab stock in 2025, 2026, and 2027?
Using current prices, the estimated year-end targets are ₹8,733 for 2025, ₹10,077 for 2026, and ₹13,436 for 2027. These optimistic but realistic projections are supported by strong analyst targets, solid sector momentum, and continuous business innovation within Polycab’s core markets.
Should I sell my Polycab shares?
Holding Polycab shares remains an attractive option due to its leadership in the Indian cables and FMEG sector, robust growth in revenue and profit, and ongoing investment in new products. The company’s fundamentals, sector dominance, and favorable market sentiment signal strong potential for medium to long-term rewards. Review your goals, but current fundamentals suggest holding is wise.
How are dividends and capital gains from Polycab taxed in India?
Dividends received from Polycab are taxable in your hands at your applicable slab rate. Capital gains tax applies depending on the holding period, with short-term and long-term rates clearly defined by Indian tax law. Dividends above ₹5,000 per year may attract TDS, so keep records for your filings.
What is the latest dividend for Polycab stock?
Polycab currently pays a dividend, with the most recent being ₹35 per share, declared in July 2025. The yield is moderate due to strong capital gains, and the company’s history shows consistent payouts alongside profit growth. This reflects the management’s intent to reward long-term shareholders as earnings expand.
What is the forecast for Polycab stock in 2025, 2026, and 2027?
Using current prices, the estimated year-end targets are ₹8,733 for 2025, ₹10,077 for 2026, and ₹13,436 for 2027. These optimistic but realistic projections are supported by strong analyst targets, solid sector momentum, and continuous business innovation within Polycab’s core markets.
Should I sell my Polycab shares?
Holding Polycab shares remains an attractive option due to its leadership in the Indian cables and FMEG sector, robust growth in revenue and profit, and ongoing investment in new products. The company’s fundamentals, sector dominance, and favorable market sentiment signal strong potential for medium to long-term rewards. Review your goals, but current fundamentals suggest holding is wise.
How are dividends and capital gains from Polycab taxed in India?
Dividends received from Polycab are taxable in your hands at your applicable slab rate. Capital gains tax applies depending on the holding period, with short-term and long-term rates clearly defined by Indian tax law. Dividends above ₹5,000 per year may attract TDS, so keep records for your filings.
On the same topic
