# Polycab India (POLYCAB) — Stock analysis

> Faxioms all-in-one stock review. Canonical page: https://faxioms.com/stocks/polycab

## Current market snapshot

- Exchange: NSE
- Country: India
- Price: ₹7,871
- Change: +0.28%
- As of: 2026-11-06
- 1D return: +0.28%
- 5D return: +1.08%
- 1M return: -3.44%
- Latest complete quarter: fy27_q2

## Faxioms Analysis

_As of 2026-11-06_

### Technical Outlook

As of 2026-11-06, POLYCAB exhibits a conflicting technical structure: the daily trend is bearish while the monthly trend remains bullish. The stock closed at ₹7,871.0, trading below all daily moving averages and the daily Supertrend, which signals short-term weakness confirmed by an ADX of 32.94. This downward pressure is corroborated by recent anomalies, including a +4.0% move on 2026-10-26 and an upward gap on 2026-10-29, alongside inactive bearish reversal patterns like the Bearish Engulfing from 2026-11-05. Despite this, the price sits above key monthly indicators (EMA 20, SMA 20, Supertrend), suggesting the broader medium-term uptrend is intact but currently under stress.

Volatility is elevated, with annualized volatility at +33.8% and an ATR of 3.21%, contributing to a current drawdown of -21.9%. Price positioning is neutral-to-low across shorter horizons: it is near the middle of the 20-day range (+45.5%) but in the lower-middle of the 252-day range (+34.9%). Immediate resistance lies tight at ₹7,874.44 (0.04% above) and ₹7,877.67 (0.08% above), while support is found at ₹7,780.33 (-1.15% below). A daily close back above the Supertrend would be required to invalidate the immediate bearish bias.

- Trend Conflict: Daily trend is bearish (price below all MAs/Supertrend; ADX 32.94), while monthly trend remains bullish (price above all MAs/Supertrend; ADX 29.04).
- Price Structure: Closed at ₹7,871.0, trading in the lower-middle of its 252-day range (+34.9%) and near the middle of its 20-day range (+45.5%).
- Key Levels: Immediate resistance at ₹7,874.44 and ₹7,877.67; nearest support at ₹7,780.33 (-1.15%).
- Risk & Volatility: Current drawdown is -21.9% against a maximum drawdown of -36.7%; annualized volatility stands at +33.8%.

- Bearish Engulfing Reversal
- Harami
- Inside Bar

### News Context

On 5 November 2026, Globe Capital Markets identified Polycab India as one of its top Diwali stock picks, projecting a potential upside of 22–34 per cent for the equity. The brokerage’s thesis centers on structural demand drivers within the power infrastructure sector and specific company-level catalysts, including capacity expansion and AI-led productivity improvements. While these factors underpin the positive outlook, Globe Capital also highlighted manageable risks that investors should monitor, specifically net interest margin (NIM) compression and commodity price volatility. This attribution reflects an external analyst opinion rather than a verified corporate announcement or earnings result.

- Globe Capital Markets listed Polycab India among its top Diwali picks on 5 November 2026.
- The brokerage projects a 22–34 per cent upside for the stock based on strong earnings growth drivers.
- Key growth catalysts cited include capacity expansion, AI-led productivity gains, and structural power infrastructure demand.
- Identified risk factors include NIM compression and commodity volatility.

- [Stocks to buy: Adani Power, Bajaj Finance, Coforge among Globe Capital's top Diwali picks](https://www.businesstoday.in/markets/stocks/story/stocks-to-buy-adani-power-bajaj-finance-coforge-among-globe-capitals-top-diwali-picks-565965-2026-11-05)

### What Changed

On November 5, 2026, Globe Capital Markets identified Polycab India as one of its top Diwali stock picks, projecting a potential upside of 22-34 per cent. This recommendation highlights the company's strong earnings growth drivers, specifically citing capacity expansion and structural demand within the power infrastructure sector. The brokerage also noted AI-led productivity improvements as a contributing factor to the positive outlook. While these factors support the bullish thesis, the report acknowledges manageable risks, including potential net interest margin (NIM) compression and commodity volatility, which investors should monitor alongside the projected growth trajectory.

- Globe Capital Markets listed Polycab India among its top Diwali picks on November 5, 2026.
- The brokerage projects a 22-34 per cent upside for the stock based on strong earnings growth drivers.
- Key growth catalysts cited include capacity expansion, AI-led productivity, and structural power infrastructure demand.
- Manageable risks identified by the analyst include NIM compression and commodity volatility.

- [Stocks to buy: Adani Power, Bajaj Finance, Coforge among Globe Capital's top Diwali picks](https://www.businesstoday.in/markets/stocks/story/stocks-to-buy-adani-power-bajaj-finance-coforge-among-globe-capitals-top-diwali-picks-565965-2026-11-05)

### Official Filings

Polycab India Limited disclosed two material developments in late October and early November 2026. First, the National Company Law Appellate Tribunal (NCLAT) set aside an October 7, 2026 order by the NCLT Ahmedabad Bench regarding a Corporate Insolvency Resolution Process (CIRP) initiated by Asier Metals Private Limited. This legal reversal removes the immediate threat of delisting from the MSCI Index, which had been paused pending the tribunal's decision on October 27, 2026. Second, the company allotted 3,403 equity shares to employees under its ESOP scheme, increasing paid-up share capital from ₹1,507,066,230 to ₹1,507,100,260. Additionally, Polycab scheduled a virtual investor meeting with Platinum Asset Management for November 2, 2026, focusing on business updates.

- NCLAT Set-Aside: The NCLAT overturned the NCLT Ahmedabad’s CIRP order dated October 7, 2026, in the case of Asier Metals Private Limited vs. Polycab India Limited, filed on October 30, 2026.
- Index Stability: The NCLAT directed MSCI not to delist Polycab’s scrip from its index while the appeal was reserved for orders, ensuring continued inclusion pending the final ruling.
- ESOP Allotment: On November 3, 2026, Polycab allotted 3,403 shares at ₹10 face value, raising paid-up capital to ₹1,507,100,260 from ₹1,507,066,230.
- Investor Engagement: A one-on-one virtual meeting with Platinum Asset Management is scheduled for November 2, 2026, in Mumbai, limited to corporate and earnings presentations.

- [Polycab India Limited has informed the Exchange regarding Allotment of 3403 Shares. |SUBJECT: ESOP/ESOS/ESPS](https://nsearchives.nseindia.com/corporate/POLYCAB_03112026160106_IntimationtoStockexchange.pdf)
- [Polycab India Limited has informed the Exchange regarding Allotment of Securities |SUBJECT: Alteration Of Capital and Fund Raising-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/ALTERATION_OF_CAPITAL_AND_FUND_RAISING_17413_WebXMLFile_20261103_160319916.xml)
- [Polycab India Limited has informed the Exchange about the order passed by NCLAT setting aside the order of NCLT Ahmedabad bench dated October 07, 2026 |SUBJECT: Corporate Insolvency Resolution Process](https://nsearchives.nseindia.com/corporate/POLYCAB_30102026121954_SECIRP30102026.pdf)
- [Polycab India Limited has informed the Exchange on the update of NCLAT order dated October 27, 2026 |SUBJECT: Corporate Insolvency Resolution Process](https://nsearchives.nseindia.com/corporate/POLYCAB_28102026102430_StockExchangeintimation27102026.pdf)
- [Polycab India Limited has informed the Exchange about Analyst(s)/Investor(s) meet. |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/POLYCAB_28102026174326_Intimationtostockexchange.pdf)
- [POLYCAB INDIA LIMITED has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_17413_WebXMLFile_20261028_174453151.xml)
- [Polycab India Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018 |SUBJECT: Certificate under SEBI (Depositories and Participants) Regulations, 2018](https://nsearchives.nseindia.com/corporate/POLYCAB_27102026184209_IntimationtoStockExchange.pdf)
- [Polycab India Limited has informed the Exchange about Analyst(s)/Investor(s) meet. |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/POLYCAB_27102026190410_Intimationtostockexchange.pdf)
- [POLYCAB INDIA LIMITED has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_17413_WebXMLFile_20261027_191722065.xml)
- [POLYCAB INDIA LIMITED has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_17413_WebXMLFile_20261027_191921417.xml)

### Fundamentals

Polycab India demonstrates a robust operational trajectory with accelerating growth and improving cash conversion. In Q2 FY2026-27, revenue from operations rose sequentially to ₹9,898.90 crore, driving operating profit to ₹1,306.22 crore and net profit to ₹990 crore. The TTM compounded sales growth stands at 41%, supported by strong historical CAGR of 27% over three and five years. Earnings quality is notably high; CFO/EBITDA share reached 117% in Mar 2026, indicating that reported profits are converting into cash effectively. Working capital efficiency improved significantly, with the cash conversion cycle dropping to 39 days in Mar 2026 from 65 days in Mar 2024.

Financial health shows increased leverage alongside asset expansion. Borrowings rose to ₹272 crore as of Sep 2026, while fixed assets grew to ₹3,979 crore and CWIP increased to ₹1,401 crore, signaling ongoing capacity addition. Cash reserves decreased to ₹211.24 crore as of Sep 2026, likely reflecting deployment into investments (₹4,032 crore) or debt servicing. Return on Capital Employed (ROCE) remained solid at 33% in Mar 2026. Shareholding patterns show a rise in FII stakes to 18.06% in Sep 2026, while promoter holding slightly diluted to 61.44%. The key checkpoint is monitoring whether the rising interest costs (₹94 crore in Q2 FY2026-27) and higher borrowings impact margins as new capacities come online.

- Q2 FY2026-27 Revenue: ₹9,898.90 crore; Net Profit: ₹990 crore; EPS: ₹64.87
- Tightening Liquidity: Cash & Equivalents fell to ₹211.24 crore (Sep 2026) from ₹450.33 crore (Sep 2025)
- Strong Cash Conversion: CFO/EBITDA ratio improved to 117% in Mar 2026; Cash Conversion Cycle dropped to 39 days
- Asset Expansion: Fixed Assets grew to ₹3,979 crore and CWIP to ₹1,401 crore (Sep 2026); Borrowings rose to ₹272 crore

### Bear Case

Polycab India faces near-term technical headwinds and elevated volatility, as evidenced by a bearish daily trend structure on November 6, 2026. The stock closed at ₹7,871.00, with the Supertrend indicator signaling a bearish direction and the 20-day Exponential Moving Average (EMA) showing a steep negative slope of -29.23 over five days. Downward pressure is reinforced by the Minus DI (29.75) significantly outweighing the Plus DI (12.05), indicating dominant selling momentum. This short-term weakness contrasts with a longer-term bullish monthly trend, suggesting a potential consolidation or correction phase within a broader uptrend. Investors should note the high annualized volatility of +33.8% and a current drawdown of -21.9%, which highlights significant price fluctuation risk. While the stock has gained +2.6% year-to-date, it has declined -15.5% over the last three months, reflecting recent underperformance relative to longer horizons.

- Daily trend is bearish: Supertrend indicates downside pressure, supported by a Minus DI of 29.75 versus a Plus DI of 12.05.
- Short-term momentum is weak: The 20-day EMA slope is -29.23, and the stock has fallen -15.5% over the past three months.
- High volatility and drawdown risk: Annualized volatility stands at +33.8% with a current drawdown of -21.9% from peak levels.
- Mixed timeframe signals: While daily and weekly trends are bearish, the monthly trend remains bullish, suggesting the downtrend may be intermediate rather than structural.

- [Stocks to buy: Adani Power, Bajaj Finance, Coforge among Globe Capital's top Diwali picks](https://www.businesstoday.in/markets/stocks/story/stocks-to-buy-adani-power-bajaj-finance-coforge-among-globe-capitals-top-diwali-picks-565965-2026-11-05)
- [Polycab India Limited has informed the Exchange regarding Allotment of 3403 Shares. |SUBJECT: ESOP/ESOS/ESPS](https://nsearchives.nseindia.com/corporate/POLYCAB_03112026160106_IntimationtoStockexchange.pdf)
- [Polycab India Limited has informed the Exchange regarding Allotment of Securities |SUBJECT: Alteration Of Capital and Fund Raising-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/ALTERATION_OF_CAPITAL_AND_FUND_RAISING_17413_WebXMLFile_20261103_160319916.xml)
- [Polycab India Limited has informed the Exchange about the order passed by NCLAT setting aside the order of NCLT Ahmedabad bench dated October 07, 2026 |SUBJECT: Corporate Insolvency Resolution Process](https://nsearchives.nseindia.com/corporate/POLYCAB_30102026121954_SECIRP30102026.pdf)
- [Polycab India Limited has informed the Exchange on the update of NCLAT order dated October 27, 2026 |SUBJECT: Corporate Insolvency Resolution Process](https://nsearchives.nseindia.com/corporate/POLYCAB_28102026102430_StockExchangeintimation27102026.pdf)
- [Polycab India Limited has informed the Exchange about Analyst(s)/Investor(s) meet. |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/POLYCAB_28102026174326_Intimationtostockexchange.pdf)
- [POLYCAB INDIA LIMITED has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_17413_WebXMLFile_20261028_174453151.xml)
- [Polycab India Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018 |SUBJECT: Certificate under SEBI (Depositories and Participants) Regulations, 2018](https://nsearchives.nseindia.com/corporate/POLYCAB_27102026184209_IntimationtoStockExchange.pdf)
- [Polycab India Limited has informed the Exchange about Analyst(s)/Investor(s) meet. |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/POLYCAB_27102026190410_Intimationtostockexchange.pdf)
- [POLYCAB INDIA LIMITED has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_17413_WebXMLFile_20261027_191722065.xml)

### FAQs

**What recent corporate actions has Polycab India taken regarding its share capital?**

On November 3, 2026, Polycab allotted 3,403 equity shares to employees under its ESOP scheme. This increased the paid-up share capital from ₹1,507,066,230 to ₹1,507,100,260 and total paid-up shares from 150,706,623 to 150,710,026.

**What is the status of the insolvency proceedings involving Polycab India?**

On October 30, 2026, the NCLAT set aside an earlier NCLT Ahmedabad order in the case Asier Metals Private Limited vs. Polycab India Limited. Prior to this, on October 27, 2026, the NCLAT directed MSCI not to delist Polycab’s scrip from the MSCI Index while the appeal was pending.

**How has Polycab India's stock performed technically over different timeframes as of November 6, 2026?**

The daily trend is bearish with a closing price of ₹7,871.00, showing a -21.9% current drawdown and -15.5% return over three months. Conversely, the monthly trend remains bullish. Key resistance levels are near ₹7,874 and ₹7,946, while support exists at ₹7,780 and ₹7,711.

**Are there any external projections or analyst views on Polycab India's future performance?**

Globe Capital Markets identified Polycab India as a top Diwali pick, projecting a 22-34 per cent upside based on strong earnings growth drivers like capacity expansion and structural power infrastructure demand. The brokerage also noted manageable risks including NIM compression and commodity volatility.

- [Stocks to buy: Adani Power, Bajaj Finance, Coforge among Globe Capital's top Diwali picks](https://www.businesstoday.in/markets/stocks/story/stocks-to-buy-adani-power-bajaj-finance-coforge-among-globe-capitals-top-diwali-picks-565965-2026-11-05)
- [Polycab India Limited has informed the Exchange regarding Allotment of 3403 Shares. |SUBJECT: ESOP/ESOS/ESPS](https://nsearchives.nseindia.com/corporate/POLYCAB_03112026160106_IntimationtoStockexchange.pdf)
- [Polycab India Limited has informed the Exchange regarding Allotment of Securities |SUBJECT: Alteration Of Capital and Fund Raising-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/ALTERATION_OF_CAPITAL_AND_FUND_RAISING_17413_WebXMLFile_20261103_160319916.xml)
- [Polycab India Limited has informed the Exchange about the order passed by NCLAT setting aside the order of NCLT Ahmedabad bench dated October 07, 2026 |SUBJECT: Corporate Insolvency Resolution Process](https://nsearchives.nseindia.com/corporate/POLYCAB_30102026121954_SECIRP30102026.pdf)
- [Polycab India Limited has informed the Exchange on the update of NCLAT order dated October 27, 2026 |SUBJECT: Corporate Insolvency Resolution Process](https://nsearchives.nseindia.com/corporate/POLYCAB_28102026102430_StockExchangeintimation27102026.pdf)
- [Polycab India Limited has informed the Exchange about Analyst(s)/Investor(s) meet. |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/POLYCAB_28102026174326_Intimationtostockexchange.pdf)
- [POLYCAB INDIA LIMITED has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_17413_WebXMLFile_20261028_174453151.xml)
- [Polycab India Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018 |SUBJECT: Certificate under SEBI (Depositories and Participants) Regulations, 2018](https://nsearchives.nseindia.com/corporate/POLYCAB_27102026184209_IntimationtoStockExchange.pdf)
- [Polycab India Limited has informed the Exchange about Analyst(s)/Investor(s) meet. |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/POLYCAB_27102026190410_Intimationtostockexchange.pdf)
- [POLYCAB INDIA LIMITED has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_17413_WebXMLFile_20261027_191722065.xml)
## Technical analytics

- As of: 2026-11-06
- Daily trend: Strong Downtrend
- Weekly trend: Weak Downtrend
- Pivot point: ₹7,877.67
- Risk regime: Price Risk Requires Attention

### Support levels
- 7874.4375
- 7577
- 6714.5

### Resistance levels
- 8305
- 8466
- 8805.75

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | +0.28% |
| return_10 | +5.79% |
| return_1m | -3.39% |
| return_1y | +3.68% |
| return_20 | -3.44% |
| return_3m | -15.50% |
| return_5 | +1.08% |
| return_6m | -6.47% |
| return_since_start | +7.21% |
| return_ytd | +2.58% |

### Risk and volatility metrics

| Metric | Value |
| --- | --- |
| state | elevated_risk |
| label | Price risk requires attention |
| summary | Recent drawdown or price variability is high enough to warrant closer monitoring. |
| maximum_drawdown | -36.68% |
| annualized_volatility | +33.80% |

## Quarterly financials

- Latest complete quarter: fy27_q2

# Polycab India Q2 FY2026-27 Results

Polycab India reported revenue from operations of ₹9,898.90 crore for the quarter ended 30 September 2026, up 20.6% sequentially and 52.8% against the September 2025 quarter. Profit for the period was ₹990 crore, rising 24.3% sequentially and 42.9% year on year. Profit growth outpaced revenue growth sequentially, while revenue grew faster than profit year on year.

## Revenue and expenses

Revenue from operations rose from ₹8,209.73 crore in the June 2026 quarter. Segment revenue was ₹9,910.66 crore, and inter-segment revenue was ₹76.37 crore. Other income was ₹88.37 crore.

Total expenses were ₹8,681.05 crore, up 19.6% sequentially and 55.0% year on year. The largest reported expense was cost of materials consumed at ₹7,489.86 crore. Employee benefit expense was ₹265.69 crore, depreciation and amortisation ₹111.04 crore, and finance costs ₹93.60 crore. Finance costs increased 17.0% sequentially and 36.2% year on year.

## Profit and earnings per share

Profit before tax was ₹1,306.22 crore, up 23.4% sequentially and 41.8% year on year. After tax expense of ₹316.22 crore, profit for the period was ₹990 crore. Basic earnings per share were ₹64.87 and diluted earnings per share ₹64.78, each about 42% above the September 2025 quarter.

Comprehensive income was ₹994.98 crore. Of profit for the period, ₹977.37 crore was attributable to owners of the parent and ₹12.62 crore to non-controlling interests.

## Balance sheet and working capital

At 30 September 2026, current assets stood at ₹17,319.12 crore, up from ₹14,657.89 crore at 30 June. Inventories increased to ₹6,963.40 crore from ₹5,559.60 crore, while current trade receivables declined to ₹3,459.27 crore from ₹3,758.50 crore. Other current assets rose to ₹2,033.48 crore from ₹778.01 crore.

Current liabilities increased to ₹10,040.79 crore from ₹7,965.25 crore. Current financial liabilities were ₹8,946.91 crore, compared with ₹6,180.31 crore at the end of June. Current trade payables rose to ₹1,966.69 crore from ₹1,798.81 crore. Total assets were ₹23,795.10 crore, including ₹13,094.10 crore of equity attributable to owners of the parent.

## Cash, investments and borrowings

Cash and cash equivalents were ₹211.24 crore at 30 September, down from ₹390.34 crore at 30 June. Current investments increased to ₹4,013.06 crore from ₹3,404.82 crore. Current borrowings were ₹85.60 crore and non-current borrowings ₹26.01 crore.

## Management Commentary

Management attributed the quarter's 53% year-on-year revenue growth to strong execution across Wires & Cables, which grew 47%, and FMEG, where revenue more than doubled year on year with solar as the largest growth driver. FMEG EBIT margin reached a record 10.1%. Management also cited healthy infrastructure spending and increasing electrification opportunities as supporting domestic demand, while noting that the international business grew 17% despite an uncertain geopolitical environment.

## Key Takeaway
Polycab delivered strong sequential growth, with profit rising faster than revenue, but year-on-year revenue growth exceeded profit growth. The quarter-end balance sheet also showed higher inventories, other current assets and current liabilities, alongside lower cash balances and higher current investments. These working-capital movements are an important counterpart to the quarter’s growth and merit attention in subsequent results.

### Ratios

## Shareholding pattern

- Quarter: FY2027-Q1
- As of: 2026-06-30
- Promoter holding: +61.46%
- FII holding: +19.00%
- DII holding: +7.62%
- Mutual fund holding: +4.77%
- Retail holding: +5.74%
- Promoter pledged: +0.00%

### Major reported shareholders

- INDER T JAISINGHANI — +11.64%
- AJAY T JAISINGHANI — +9.23%
- RAMESH T JAISINGHANI — +8.40%
- GIRDHARI THAKURDAS JAISINGHANI — +8.21%
- KUNAL INDER JAISINGHANI — +3.74%
- BHARAT JAISINGHANI — +3.39%
- NIKHIL RAMESH JAISINGHANI — +3.30%
- ANIL HARIRAM HARIANI — +2.98%
- AJAY T JAISINGHANI/AARTI AJAY JAISINGHANI (BHARAT JAISINGHANI FAMILY TRUST) — +1.43% (Trusts)
- GIRDHARI THAKURDAS JAISINGHANI/RAJU GIRDHARI JAISINGHANI (GIRDHARI RESHMA TRUST) — +1.33% (Trusts)

## Official filings

- 2026-11-06 — Generic Announcement: Polycab India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_17413_WebXMLFile_20261106_220554578.xml)
- 2026-11-06 — Generic Announcement: Polycab India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/POLYCAB_06112026220329_Intimationtostockexchange.pdf)
- 2026-11-06 — Generic Announcement: Polycab India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_17413_WebXMLFile_20261106_220438769.xml)
- 2026-11-03 — Generic Announcement: Polycab India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/POLYCAB_03112026160106_IntimationtoStockexchange.pdf)
- 2026-11-03 — Generic Announcement: Polycab India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/ALTERATION_OF_CAPITAL_AND_FUND_RAISING_17413_WebXMLFile_20261103_160319916.xml)
- 2026-10-30 — Generic Announcement: Polycab India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/POLYCAB_30102026121954_SECIRP30102026.pdf)
- 2026-10-28 — Generic Announcement: Polycab India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/POLYCAB_28102026102430_StockExchangeintimation27102026.pdf)
- 2026-10-28 — Generic Announcement: Polycab India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/POLYCAB_28102026174326_Intimationtostockexchange.pdf)
- 2026-10-28 — Generic Announcement: Polycab India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_17413_WebXMLFile_20261028_174453151.xml)
- 2026-10-27 — Generic Announcement: Polycab India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/POLYCAB_27102026184209_IntimationtoStockExchange.pdf)
- 2026-10-27 — Generic Announcement: Polycab India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/POLYCAB_27102026190410_Intimationtostockexchange.pdf)
- 2026-10-27 — Generic Announcement: Polycab India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_17413_WebXMLFile_20261027_191722065.xml)
- 2026-10-27 — Generic Announcement: Polycab India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_17413_WebXMLFile_20261027_191921417.xml)
- 2026-10-23 — Generic Announcement: Polycab India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/POLYCAB_23102026143418_Intimationtostockexchange.pdf)
- 2026-10-23 — Generic Announcement: Polycab India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_17413_WebXMLFile_20261023_150847669.xml)
- 2026-10-21 — Shareholding Disclosure: Polycab India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SHP_1742582_21102026123532_WEB.xml)
- 2026-10-20 — Generic Announcement: Polycab India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_17413_WebXMLFile_20261020_123304626.xml)
- 2026-10-19 — Generic Announcement: Polycab India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/POLYCAB_19102026162313_Intimationtostockexchange.pdf)
- 2026-10-19 — Generic Announcement: Polycab India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/POLYCAB_19102026163912_Intimation_of_Earnings_Call_Transcript.pdf)
- 2026-10-19 — Generic Announcement: Polycab India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_17413_WebXMLFile_20261019_171256896.xml)
- 2026-10-16 — Generic Announcement: Polycab India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/POLYCAB_16102026093958_CIRP15102026.pdf)
- 2026-10-15 — Generic Announcement: Polycab India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/POLYCAB_15102026125737_OutcomeofBoardMeeting.pdf)
- 2026-10-15 — Press Release: Polycab India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/POLYCAB_15102026130834_PressRelease.pdf)
- 2026-10-15 — Generic Announcement: Polycab India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/POLYCAB_15102026135028_EarningsPresentation15102026.pdf)
- 2026-10-15 — Generic Announcement: Polycab India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/POLYCAB_15102026153319_UnauditedInterimCondensed15102026.pdf)

## News and market events

- 2026-11-05 — BUSINESSTODAY: **Stocks to buy: Adani Power, Bajaj Finance, Coforge among Globe Capital's top Diwali picks** — Globe Capital Markets has identified Adani Power, Bajaj Finance, Coforge, Siemens Energy India, Hindalco Industries, and Polycab India as top Diwali picks, projecting 22-34 per cent upside for the six stocks. The brokerage cites strong earnings growth drivers such as capacity expansion, AI-led productivity, and structural power infrastructure demand, while noting manageable risks like NIM compression and commodity volatility. — [Source](https://www.businesstoday.in/markets/stocks/story/stocks-to-buy-adani-power-bajaj-finance-coforge-among-globe-capitals-top-diwali-picks-565965-2026-11-05)
- 2026-10-30 — Mint: **NCLAT scraps insolvency proceedings against Polycab over ₹2.78 crore claim | Today News** — The NCLAT cancelled an NCLT order admitting insolvency proceedings against Polycab India Ltd regarding a ₹2.78 crore debt claim by supplier Asier Metals Pvt. Ltd, citing that the matter was a commercial dispute rather than genuine insolvency. Polycab stated its business fundamentals remain strong with a net cash position of ₹4,000 crore as of September 30, 2026. — [Source](https://www.livemint.com/news/nclat-scraps-insolvency-proceedings-against-polycab-over-2-78-crore-claim-11793351118535.html)
- 2026-10-30 — Economic Times: **NCLAT sets aside insolvency proceedings against Polycab over Rs 2.78 crore dues** — The NCLAT overturned an NCLT order admitting an insolvency petition filed by Asier Metals against Polycab India Limited over alleged dues of Rs 2.78 crore, citing a genuine pre-existing dispute regarding credit notes and account reconciliation. — [Source](https://economictimes.indiatimes.com/news/company/corporate-trends/nclat-sets-aside-insolvency-proceedings-against-polycab-over-rs-2-78-crore-dues/articleshow/135353212.cms)
- 2026-10-30 — CNBC-TV18: **Polycab India gets NCLAT relief - Will the F&O exclusion circular be reversed?** — The National Company Appellate Tribunal (NCLAT) set aside an insolvency petition filed by Asier Metals against Polycab India, overturning a previous admission by the Ahmedabad bench of the National Company Law Tribunal. This relief may lead to a reversal of the circular excluding Polycab India from the Futures & Options segment, which was triggered by the initial petition admission and scheduled for December 30, 2026. — [Source](https://www.cnbctv18.com/market/polycab-india-share-price-nclat-sets-aside-insolvency-petition-asier-metals-fno-exclusion-reversal-criteria-impact-20023124.htm)
- 2026-10-30 — MONEYCONTROL: **Polycab India shares rise 2% as NCLAT sets aside insolvency proceedings** — The National Company Law Appellate Tribunal (NCLAT) has set aside insolvency proceedings against Polycab India. Following this development, Polycab India's shares rose by 2%. — [Source](https://www.moneycontrol.com/news/business/stocks/polycab-india-shares-rise-2-as-nclat-sets-aside-insolvency-proceedings-14064267.html)
- 2026-10-29 — MONEYCONTROL: **Buy Polycab India; target of Rs 8934: Geojit Financial Services** — Buy Polycab India; target of Rs 8934: Geojit Financial Services Follow Us On: Stocks: A B C D E F G H I J K L M N O P Q R S T U V W X Y Z Others Trending Topics more Sensex Today Jio Platforms Share Price Kiren Rijiju MLC Election Results Moon Rise Time Today Silver Price Nagpur MLC Election Result Amazon Layoffs US Fed Rates Varanasi MLC Polls News more Business Markets Stocks India News City News Economy Mutual Funds Personal Finance IPO News Startups Markets more Home Currencies Commodities Pre-Market IPO Global Market US Markets Bonds Silver MCX Price Gold MCX Price Personal Finance more H — [Source](https://www.moneycontrol.com/news/business/stocks/buy-polycab-india-target-of-rs-8934-geojit-financial-services-14063322.html)
- 2026-10-29 — BUSINESSTODAY: **Polycab India shares in focus as MSCI defers stock deletion from its indices** — Shares of Polycab India Ltd are in focus on Thursday after MSCI deferred the stock's deletion from its indices pending further developments and clarifications from relevant authorities. — [Source](https://www.businesstoday.in/markets/stocks/story/polycab-india-shares-in-focus-as-msci-defers-stock-deletion-from-its-indices-564427-2026-10-29)
- 2026-10-29 — Economic Times: **MSCI puts Polycab exit on hold amid insolvency case uncertainty** — MSCI has decided to delay the removal of Polycab India from its indices amid insolvency uncertainty. The company was placed on the Insolvency Resolution Process board on October 7. However, the National Company Law Appellate Tribunal stayed the companys admission to the insolvency process on October 9. MSCI continues to monitor the status of Polycab India and any related orders from the NCLAT. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/msci-puts-polycab-india-removal-on-hold/articleshow/135285448.cms)
- 2026-10-26 — MONEYCONTROL: **How a Rs 2.79-crore claim pushed Rs 1.1-lakh-crore Polycab out of F&O despite NCLAT stay** — How a Rs 2.79-crore claim pushed Rs 1.1-lakh-crore Polycab out of F&O despite NCLAT stay Follow Us On: Stocks: A B C D E F G H I J K L M N O P Q R S T U V W X Y Z Others Trending Topics more Sensex Today Jio IPO Allotment Jamia Protest UP Polls 2027 Rahul Gandhi Infosys Share Price Aamir Khan Small Cap Stocks Cyclone Arnab Dhanush News more Business Markets Stocks India News City News Economy Mutual Funds Personal Finance IPO News Startups Markets more Home Currencies Commodities Pre-Market IPO Global Market US Markets Bonds Silver MCX Price Gold MCX Price Personal Finance more Home Loans up t — [Source](https://www.moneycontrol.com/news/business/how-a-rs-2-79-crore-claim-pushed-rs-1-1-lakh-crore-polycab-out-of-f-o-despite-nclat-stay-14060334.html)
- 2026-10-20 — Mint: **How the Polycab case exposes the misuse of IBC for small dues | Company Business News** — Insolvency proceedings over minor vendor claims can exert commercial pressure on financially sound companies, even as courts warn against using the bankruptcy code as a debt-recovery tool. — [Source](https://www.livemint.com/companies/polycab-insolvency-apex-court-creditors-listed-companies-bankruptcy-debt-recovery-11792398289181.html)
- 2026-10-19 — CNBC-TV18: **Rahul Arora turns cautiously optimistic on markets, sees buying opportunity in private banks** — Rahul Arora, CEO of Ashika Institutional Equities, expects private banks to post 15-20% growth over the next two years, while viewing the recent IT rally as a trading opportunity rather than a structural shift. — [Source](https://www.cnbctv18.com/market/rahul-arora-turns-cautiously-optimistic-markets-sees-private-banks-driving-next-rally-indian-equities-it-stocks-crude-oil-prices-geopolitical-tensions-icici-sbi-tilaknagar-orient-tata-consumer-bse-nse-20014720.htm)
- 2026-10-19 — MONEYCONTROL: **Buy Polycab India; target of Rs 10,877: Anand Rathi** — Anand Rathi, Polycab India, buy, Recommendations — [Source](https://www.moneycontrol.com/news/business/buy-polycab-india-target-of-rs-10-877-anand-rathi-14055143.html)
- 2026-10-18 — Economic Times: **LG Electronics, Polycab among picks as premiumisation and infrastructure demand drive growth: Siddhartha Khemka** — Consumer durable demand is showing an uneven festive recovery, with premiumisation and weather-led sales supporting select categories. Siddhartha Khemka picks LG Electronics and Polycab, citing their growth prospects, infrastructure demand and premiumisation. LG has a target price of Rs 2,075, while Polycab has a target of Rs 10,600. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/lg-electronics-polycab-among-picks-as-premiumisation-and-infrastructure-demand-drive-growth-siddhartha-khemka/articleshow/135024487.cms)
- 2026-10-18 — Economic Times: **LG Electronics, Polycab among picks as premiumisation and infrastructure demand drive growth: Siddhartha Khemka** — Consumer durable demand is showing an uneven festive recovery, with premiumisation and weather-led sales supporting select categories. Siddhartha Khemka picks LG Electronics and Polycab, citing their growth prospects, infrastructure demand and premiumisation. LG has a target price of Rs 2,075, while Polycab has a target of Rs 10,600. — [Source](https://economictimes.indiatimes.com/markets/expert-view/lg-electronics-polycab-among-picks-as-premiumisation-and-infrastructure-demand-drive-growth-siddhartha-khemka/articleshow/135024487.cms)
- 2026-10-16 — MONEYCONTROL: **Polycab Q2 FY27: Strong execution powers another record quarter** — cables, earnings, MCPro, Moneycontrol Research, data center, power — [Source](https://www.moneycontrol.com/news/business/moneycontrol-research/polycab-q2-fy27-strong-execution-powers-another-record-quarter-14053503.html)
- 2026-10-15 — BUSINESSTODAY: **Polycab India Q2 earnings: Net profit rises 43%, EBITDA at Rs 1,422 crore** — Polycab India, multibagger, Polycab India price target, Polycab India Q2 earnings, Polycab India Q2 net profit, Polycab India Q2 revenue, Polycab India Q2 expenses, Polycab India dividend, multibagger stock, Polycab India shares rise, Polycab India shares in news, Polycab India stock price target, Polycab India shares, multibagger stock, trending stock — [Source](https://www.businesstoday.in/markets/stocks/story/polycab-india-q2-earnings-net-profit-rises-ebitda-at-rs-1422-crore-561791-2026-10-15)
- 2026-10-15 — FREEPRESSJOURNAL.IN: **Polycab India Q2 Net Profit Jumps 43% To ₹990 Crore, Revenue Up 53%** — Polycab India Ltd reported a 43% year-on-year increase in net profit for the second quarter ended September 30, 2026, reaching ₹990 crore. Consolidated revenue grew 53% to ₹9,898.9 crore. — [Source](https://www.freepressjournal.in/business/polycab-india-q2-net-profit-jumps-43-to-990-crore-revenue-up-53)
- 2026-10-15 — CNBC-TV18: **Polycab Q2 Results: Numbers beat estimates across parameters, margin contraction less than feared** — Polycab India's EBITDA margin narrowed by 150 basis points from the same quarter last year to 14.37% from 15.8% last year. However, the margin contraction was less than what the street had feared as the CNBC-TV18 poll had pegged the figure to be 13.7%. — [Source](https://www.cnbctv18.com/market/polycab-india-q2-results-beat-estimates-wires-cables-fmeg-margins-share-price-move-irp-stage-zero-20012585.htm)
- 2026-10-14 — BUSINESSTODAY: **Polycab India shares slip nearly 5%; here's what is weighing on the stock** — Polycab India, Polycab India shares, Polycab share price, Polycab stock, Asier Metals, NCLAT order, NCLT insolvency case, CIRP proceedings, alleged operational debt, Rs 2.79 crore dispute, Insolvency and Bankruptcy Code, stock market news — [Source](https://www.businesstoday.in/markets/stocks/story/polycab-india-shares-slip-nearly-5-heres-what-is-weighing-on-the-stock-561426-2026-10-14)
- 2026-10-14 — The Hindu: **Buzzing stocks: Watch out for these 16 stocks including Adani Enterprises, Polycab, ICICI Life Insurance, Aegis Logistics, RailTel,  Dr Lal Path, BEL** — 16 stocks in focus as Adani, ICICI Life Insurance, RailTel and others spark activity across AI ventures, M&A, approvals and expansions — [Source](https://www.thehindubusinessline.com/markets/buzzing-stocks-watch-out-for-these-16-stocks-including-adani-enterprises-polycab-icici-life-insurance-aegis-logistics-railtel-dr-lal-path-bel/article71582092.ece)
- 2026-10-13 — CNBC-TV18: **Polycab India insolvency case: NCLAT stays NCLT order, hearing on October 26** — Polycab India said the NCLAT has stayed the NCLT order admitting an insolvency petition over alleged operational dues of ₹2.79 crore filed by Asier Metals Private Ltd. The appeal is scheduled for hearing on October 26, while the company said its business operations continue as usual. — [Source](https://www.cnbctv18.com/market/stocks/polycab-india-share-price-insolvency-case-nclat-stays-nclt-order-hearing-on-october-26-20011009.htm)
- 2026-10-13 — CNBC-TV18: **Polycab shares may react to F&O exclusion - Here's what shareholders need to know** — In case a stock is excluded from the F&O segment, it cannot be re-included in it for a period of 12 months and post which it meets every criteria prescribed above. The criteria should be satisfied for six months in a row. — [Source](https://www.cnbctv18.com/market/polycab-india-share-price-futures-and-options-fno-exclusion-irp-stage-0-nclt-admission-loan-criteria-inclusion-impact-20010455.htm)
- 2026-10-12 — CNBC-TV18: **NSE to remove Polycab India from F&O Segment from December 30** — The National Stock Exchange of India will exclude Polycab India Ltd from the equity derivatives segment starting December 30, 2026, following its inclusion under the Insolvency and Bankruptcy Code fra — [Source](https://www.cnbctv18.com/market/stocks/nse-to-remove-polycab-india-share-price-from-fo-segment-from-december-30-20010341.htm)
- 2026-10-01 — CNBC-TV18: **PM DHARA's ₹1.86 lakh crore scheme opens multi-year opportunity for transmission companies: Elara's Harshit Kapadia** — The PM Dhara scheme is expected to create a multi-year opportunity for transmission equipment makers, while railway and metro spending should support RITES and BEML, says Elara Securities' Harshit Kapadia. Which companies are best placed to benefit from these investments? — [Source](https://www.cnbctv18.com/market/pm-dhara-scheme-multi-year-opportunity-transmission-companies-elara-securities-hitachi-siemens-renewable-transmission-energy-kei-apar-beml-rites-polycab-vande-bharat-train-20002749.htm)
- 2026-10-01 — CNBC-TV18: **PM Dhara Scheme Unveiled - These stocks could be the likely beneficiaries** — Power Grid will be another potential beneficiary of this scheme, along with cables and power companies such as KEI Industries, Polycab, and others due to their Medium Voltage Power Cables (MV), and Extra High Voltage (EHV) power cables capabilities. — [Source](https://www.cnbctv18.com/market/pm-dhara-scheme-likely-beneficiaries-power-grid-ge-vernova-power-grid-polycab-cap-goods-share-price-capex-timeline-objectives-20002551.htm)

## Business profile

**Strategic vision:** Manufactures wires, cables, and electrical goods.

### Business segments
- **Consumer Products and Services:** Provides a diverse range of products for residential and commercial consumer applications, including fans, lighting, water heaters, switches, wires, and switchgears.
- **Industrial Products and Services:** Focuses on critical infrastructure and specialized electrical needs for industrial applications, offering cables, renewable energy solutions, and EPC services.

### Competitive strengths
- Extensive distribution network
- International presence serving customers globally
- Commitment to governance practices
- Integration of ecological consciousness

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## Freshness and sources

- Data as of: 2026-11-06
- Source: Faxioms public stock analysis API

Canonical: https://faxioms.com/stocks/polycab
Markdown representation: https://faxioms.com/stocks/polycab?render=md