# POLYCAB (POLYCAB) — Stock analysis

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

## Current market snapshot

- Exchange: NSE
- Country: India
- Price: ₹8,400
- Change: +2.33%
- As of: 2026-09-18
- 1D return: +2.33%
- 5D return: +0.50%
- 1M return: -7.95%
- Latest complete quarter: fy27_q1

## Faxioms Analysis

_As of 2026-09-18_

### Technical Outlook

As of September 18, 2026, Polycab's technical stance is mixed, with short-term indicators suggesting caution while longer-term trends remain positive. The daily timeframe shows the price below key moving averages like the 20-day EMA (₹8,566.97) and 50-day EMA (₹8,847.55), indicating potential short-term weakness, further supported by a bearish Super Trend at ₹8,794.54. However, the monthly timeframe presents a bullish picture, with the price above the 20-day EMA (₹7,830.68), 20-day SMA (₹7,444.12), and a bullish Super Trend at ₹6,190.74. The weekly timeframe also shows a bullish Super Trend at ₹8,166.26, with the price above the 50-day EMA (₹8,277.21) but below the 20-day EMA (₹8,774.49) and 20-day SMA (₹9,146.58). Recent activity on September 4, 2026, included a significant downward price move of -6% accompanied by an extreme volume ratio of 5.3, suggesting strong selling pressure on that day.

The stock is currently trading near immediate support levels, with the nearest identified support at ₹8,349.17, approximately 0.61% below the current price of ₹8,400.0. Resistance is observed around ₹8,432.33, just 0.38% above the current price. The stock's current drawdown stands at -17%, with an annualized volatility of 34%. This suggests a setup with notable risk, especially given the recent extreme volume anomaly on a downward price move.

Key watch conditions include monitoring the price action around the immediate resistance at ₹8,432.33 and support at ₹8,349.17. A sustained break above resistance could signal a potential short-term recovery, while a fall below support might indicate further downside. The extreme volume anomaly on September 4, 2026, warrants close observation for any follow-through selling or buying interest.

- Current price on September 18, 2026, is ₹8,400.0.
- Nearest resistance level is ₹8,432.33 (0.38% above current price).
- Nearest support level is ₹8,349.17 (-0.61% below current price).
- Daily timeframe shows bearish signals (price below EMAs, bearish Super Trend).
- Monthly and weekly timeframes show bullish signals (price above Super Trend, bullish Super Trend).
- Extreme volume anomaly with a -6% price drop occurred on September 4, 2026.

- Doji
- Inside Bar
- Bearish Engulfing Reversal
- Outside Bar

### News Context

Polycab may face limited immediate impact from new competition, according to a report on September 17, 2026. The company's focus on cables is seen as a buffer against competitive pressures. Additionally, firm copper prices and proactive purchasing ahead of anticipated price increases could bolster Polycab's revenue and volume performance in the second quarter. This comes amidst broader concerns in the market about rising copper prices affecting various industries, including electric wires, as reported on September 16, 2026.

- On September 17, 2026, a report suggested Polycab's cable-centric business model could mitigate immediate competitive risks.
- The same report indicated that firm copper prices and advance purchases might support Polycab's Q2 revenue and volumes.
- On September 16, 2026, market commentary highlighted concerns over record-high copper prices impacting manufacturers of electric wires and other goods.

- Polycab stock may get relief in Q2 amid rising competition fears
- Copper dazzle dull margins for EV, consumer and engineering goods

### What Changed

Polycab India's stock traded at ₹8400.0 on September 18, 2026, a slight increase from its previous price of ₹8208.5. Recent news suggests that the company may be relatively insulated from increased competition due to its focus on cables and potential benefits from firm copper prices and advance purchases ahead of anticipated price hikes. These factors could support Q2 revenue and volumes. The company is listed on the NSE.

- On September 18, 2026, Polycab India's stock price was ₹8400.0.
- The stock price on the previous trading day, September 17, 2026, was ₹8208.5.
- News on September 18, 2026, indicated that Polycab may face limited immediate competitive risk from new market entrants.
- Factors such as a cables-heavy product mix and firm copper prices were cited as potential supports for Q2 revenue and volumes.

- Polycab stock may get relief in Q2 amid rising competition fears

### Official Filings

Polycab India Limited has been actively engaging with investors and analysts throughout September 2026. The company has scheduled a series of meetings, including participation in the J.P. Morgan India Conference in Mumbai on September 22, 2026, and BofA events in Hong Kong on September 24 and 25, 2026. Additionally, one-on-one meetings are planned with various financial institutions such as Phillip Capital, Fairtree, JM Financial, IIFL Capital, and Ambit Capital. These engagements are opportunities for the company to share publicly available corporate and earnings information. On September 1, 2026, Polycab India Limited also announced the allotment of 14,970 equity shares under its Employee Stock Option Performance Scheme 2018. This allotment resulted in an increase in the company's paid-up share capital from ₹1,506,766,180 to ₹1,506,915,880.

- Scheduled investor and analyst meetings throughout September 2026, including participation in the J.P. Morgan India Conference and BofA events.
- Conducted a virtual one-on-one investor meeting with Fairtree on September 18, 2026.
- Held one-on-one meetings with JM Financial, IIFL Capital, and Ambit Capital from September 8-9, 2026.
- Allotted 14,970 equity shares on September 1, 2026, under the Employee Stock Option Performance Scheme 2018.
- Paid-up share capital increased from ₹1,506,766,180 to ₹1,506,915,880 due to the share allotment on September 1, 2026.

- Polycab India Limited has informed the Exchange about Analyst(s)/Investor(s) meet. |SUBJECT: General Updates
- POLYCAB INDIA LIMITED has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL
- Polycab India Limited has informed the Exchange about Analyst(s)/Investor(s) meet. |SUBJECT: General Updates
- POLYCAB INDIA LIMITED has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL
- Polycab India Limited has informed the Exchange about Analyst(s)/Investor(s) meet. |SUBJECT: General Updates
- POLYCAB INDIA LIMITED has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL
- Polycab India Limited has informed the Exchange about Analyst(s)/Investor(s) meet. |SUBJECT: General Updates
- POLYCAB INDIA LIMITED has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL
- Polycab India Limited has informed the Exchange regarding Allotment of 14970 Shares. |SUBJECT: ESOP/ESOS/ESPS
- Polycab India Limited has informed the Exchange regarding Allotment of Securities |SUBJECT: Alteration Of Capital and Fund Raising-XBRL

### Fundamentals

Polycab India's recent operating performance shows a mixed trend across reported quarters. Revenue from operations increased from ₹7,636.13 crore in Q3 FY2025-26 to ₹8,864.48 crore in Q4 FY2025-26, before declining to ₹8,209.73 crore in Q1 FY2026-27. Profit Before Tax (PBT) followed a similar pattern, rising from ₹842.20 crore in Q3 FY2025-26 to ₹1,049.29 crore in Q4 FY2025-26, and then increasing further to ₹1,058.22 crore in Q1 FY2026-27. This indicates that while revenue saw a sequential dip in the latest quarter, profitability at the PBT level continued to grow. Finance costs have also shown a consistent increase, rising from ₹68.73 crore in Q3 FY2025-26 to ₹80.02 crore in Q1 FY2026-27. The Profit Loss for Period from Continuing Operations reflects the PBT trend, growing from ₹630.17 crore in Q3 FY2025-26 to ₹796.65 crore in Q1 FY2026-27, despite the revenue drop in the latter period. The Tax Expense has remained relatively stable, around ₹212 crore to ₹263 crore across these quarters. The company's ability to grow profit before tax despite a revenue decline in Q1 FY2026-27 warrants monitoring, alongside the rising finance costs.

- Revenue from operations was ₹7,636.13 crore in Q3 FY2025-26, ₹8,864.48 crore in Q4 FY2025-26, and ₹8,209.73 crore in Q1 FY2026-27.
- Profit Before Tax (PBT) was ₹842.20 crore in Q3 FY2025-26, ₹1,049.29 crore in Q4 FY2025-26, and ₹1,058.22 crore in Q1 FY2026-27.
- Finance Costs increased from ₹68.73 crore in Q3 FY2025-26 to ₹80.02 crore in Q1 FY2026-27.
- Profit Loss for Period from Continuing Operations was ₹630.17 crore in Q3 FY2025-26, ₹785.60 crore in Q4 FY2025-26, and ₹796.65 crore in Q1 FY2026-27.
- Tax Expense ranged between ₹212.03 crore and ₹263.68 crore across the reported quarters.

### Bull Case

Polycab India's operating performance may find support from its cables-heavy business mix, which could offer some insulation against rising competition. Advance purchases ahead of anticipated price increases and firm copper prices are also noted as potential contributors to Q2 revenue and volume performance. On a technical basis, the monthly trend shows a bullish Supertrend indicator, suggesting a potentially positive longer-term outlook, despite a bearish daily Supertrend.

- The company's cables-heavy product mix is seen as a factor that may limit immediate competitive risk.
- Advance purchases and firm copper prices are cited as potential drivers for Q2 revenue and volumes.
- The monthly technical trend indicates a bullish Supertrend reading as of the latest data.
- The daily Supertrend indicator is currently in a bearish direction.

- Polycab stock may get relief in Q2 amid rising competition fears
- Copper dazzle dull margins for EV, consumer and engineering goods

### Bear Case

The company's stock is currently trading below key moving averages, with the daily trend indicators suggesting a bearish sentiment. Specifically, the 20-day Exponential Moving Average (EMA) is at ₹8,566.97, and the 50-day EMA is at ₹8,847.55, both of which are above the current closing price of ₹8,400.0. The daily Supertrend indicator is also showing a bearish signal. Furthermore, the stock has experienced a drawdown of 17% from its recent peak, and its annualized volatility stands at 34%, indicating a higher degree of price fluctuation. Concerns regarding rising competition and the impact of commodity price rallies, such as copper reaching record highs, could potentially affect future margins for companies in the electric wires and engineering goods sectors.

- The daily Supertrend indicator is in a bearish direction as of 2026-09-18.
- The stock's current closing price of ₹8,400.0 is below its 20-day EMA (₹8,566.97) and 50-day EMA (₹8,847.55).
- The company has experienced a current drawdown of 17%.
- Recent news highlights concerns about rising competition and the impact of record-high copper prices on margins for the sector.

- Polycab stock may get relief in Q2 amid rising competition fears
- Copper dazzle dull margins for EV, consumer and engineering goods

### FAQs

**How is Polycab India's stock performing across different timeframes?**

As of September 18, 2026, Polycab India's stock has shown varied returns. It has a year-to-date return of 0.09 and a 1-year return of 0.13. Over shorter periods, the return for the last 3 months was -0.16, and the last 1 month was -0.08. The stock has a return of 0.01 since its inception and a 6-month return of 0.14.

**What are the key technical indicators for Polycab India's stock?**

As of September 18, 2026, Polycab India's daily trend shows a closing price of ₹8400.0, with the 20-day Exponential Moving Average (EMA) at ₹8566.97 and the 50-day EMA at ₹8847.55. The Supertrend indicator is at ₹8794.54, indicating a bearish direction on a daily basis. On a weekly basis, the Supertrend is at ₹8166.26, with a bullish direction. The monthly trend shows a Supertrend of ₹6190.74, also in a bullish direction.

**What recent news might impact Polycab India's performance?**

Recent news suggests that Polycab India may be relatively insulated from increased competition due to its cables-heavy product mix. Additionally, firm copper prices and advance purchases ahead of potential price hikes could positively impact Q2 revenue and volumes. However, a recent rally in copper prices to record highs is a concern for manufacturers of various consumer and industrial products, including electric wires.

**What investor and analyst meetings has Polycab India scheduled?**

Polycab India has scheduled several investor and analyst meetings in September 2026. These include a virtual one-on-one meeting with Fairtree on September 18, meetings with JM Financial, IIFL Capital, and Ambit Capital from September 8-9, participation in the J.P. Morgan India Conference in Mumbai on September 22, the BofA 2026 Asia Pacific Conference in Hong Kong on September 24, a non-deal roadshow in Hong Kong on September 25, and a one-on-one meeting with Phillip Capital in Mumbai on September 29.

- Polycab stock may get relief in Q2 amid rising competition fears
- Copper dazzle dull margins for EV, consumer and engineering goods
- Polycab India Limited has informed the Exchange about Analyst(s)/Investor(s) meet. |SUBJECT: General Updates
- POLYCAB INDIA LIMITED has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL
- Polycab India Limited has informed the Exchange about Analyst(s)/Investor(s) meet. |SUBJECT: General Updates
- POLYCAB INDIA LIMITED has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL
- Polycab India Limited has informed the Exchange about Analyst(s)/Investor(s) meet. |SUBJECT: General Updates
## Technical analytics

- As of: 2026-09-18
- Daily trend: Moderate Downtrend
- Weekly trend: Weak Downtrend
- Pivot point: ₹8,195.67
- Risk regime: Price Risk Requires Attention

### Support levels
- 8175
- 7580.5
- 6714.5

### Resistance levels
- 8805.75
- 9184.5
- 9632.5

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | +2.33% |
| return_10 | -4.63% |
| return_1m | -8.09% |
| return_1y | +12.90% |
| return_20 | -7.95% |
| return_3m | -15.60% |
| return_5 | +0.50% |
| return_6m | +13.91% |
| return_since_start | +14.42% |
| return_ytd | +9.47% |

### 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 | +34.40% |

## Quarterly financials

- Latest complete quarter: fy27_q1

# Revenue declines sequentially, but improved margins lift profit slightly

Polycab India’s revenue in the first quarter of the current fiscal year fell from the prior quarter, but profit after tax still increased slightly, as improved profitability margins offset the lower revenue and rising finance costs. Compared with the same quarter a year ago, revenue increased 39.0% and profit after tax increased 32.8%.

## Revenue

Total revenue from operations was ₹8,209.73 crore in the quarter ended June 2026, down 7.4% from ₹8,864.48 crore in the March 2026 quarter. The decline was broad-based, as segment revenue (which includes inter-segment sales) also fell by a similar magnitude (7.3%, to ₹8,224.15 crore). On a year-over-year basis, revenue was up 39.0% from ₹5,905.98 crore in the June 2025 quarter.

## Profitability and margins

Profit before tax (PBT) rose to ₹1,058.22 crore from ₹1,049.29 crore in the prior quarter, an increase of 0.9%. Net profit (profit for the period) increased by 1.4% to ₹796.65 crore. Because revenue fell while profit rose, the PBT margin improved from 11.8% in the March quarter to 12.9% in June. The net profit margin similarly increased from 8.9% to 9.7%. Year-over-year, PBT grew 32.2% and net profit grew 32.8%, broadly in line with revenue growth.

## Costs and finance charges

Finance costs continued to rise, reaching ₹80.02 crore in the quarter, up 7.2% from ₹74.64 crore in the prior quarter and 56.1% higher than a year ago. The net unallocable expenditure (other unallocable expenditure net of unallocable income) moved to -₹90.50 crore from -₹49.79 crore in the previous quarter, indicating an increase in net unallocable costs.

## Segment performance

Segment revenue (which includes inter-segment sales) was ₹8,224.15 crore in the quarter, compared with ₹8,875.11 crore in the March quarter. Inter-segment revenue itself fell sharply to ₹46.53 crore from ₹59.83 crore, a drop of 22.2%. The sequential decline in segment revenue mirrors the overall revenue trend.

## Earnings per share

Basic earnings per share from continuing operations were ₹52.09, essentially flat compared with ₹52.18 in the prior quarter. On a year-over-year basis, EPS rose 32.3% from ₹39.36, consistent with the growth in net profit. Diluted EPS followed a similar pattern.

## Key Takeaway

Polycab India’s revenue declined 7.4% from the previous quarter, but improved profit margins lifted net profit by 1.4%. Compared with the same quarter last year, revenue grew 39.0% and net profit grew 32.8%. Higher finance costs and increased net unallocable expenditure were more than offset by the margin improvement.

### Ratios

## Official filings

- 2026-09-18 — Generic Announcement: Polycab India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/POLYCAB_18092026180117_Intimationtostockexchange.pdf)
- 2026-09-18 — Generic Announcement: Polycab India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/ALTERATION_OF_CAPITAL_AND_FUND_RAISING_17413_WebXMLFile_20260918_180403079.xml)
- 2026-09-18 — Generic Announcement: Polycab India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/ALTERATION_OF_CAPITAL_AND_FUND_RAISING_17413_WebXMLFile_20260918_180442115.xml)
- 2026-09-17 — Generic Announcement: Polycab India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/POLYCAB_17092026183136_Intimationtostockexchange.pdf)
- 2026-09-17 — Generic Announcement: Polycab India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_17413_WebXMLFile_20260917_183436431.xml)
- 2026-09-15 — Generic Announcement: Polycab India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/POLYCAB_15092026173435_Intimationtostockexchange.pdf)
- 2026-09-15 — Generic Announcement: Polycab India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_17413_WebXMLFile_20260915_175330637.xml)
- 2026-09-03 — Generic Announcement: Polycab India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/POLYCAB_03092026172249_Intimationtostockexchange.pdf)
- 2026-09-03 — Generic Announcement: Polycab India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_17413_WebXMLFile_20260903_173559583.xml)
- 2026-09-01 — Generic Announcement: Polycab India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/POLYCAB_01092026175610_Intimationtostockexchange.pdf)
- 2026-09-01 — Generic Announcement: Polycab India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_17413_WebXMLFile_20260901_175743751.xml)
- 2026-09-01 — Generic Announcement: Polycab India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/POLYCAB_01092026180854_Intimationtostockexchange.pdf)
- 2026-09-01 — Generic Announcement: Polycab India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/ALTERATION_OF_CAPITAL_AND_FUND_RAISING_17413_WebXMLFile_20260901_181116312.xml)
- 2026-08-25 — Generic Announcement: Polycab India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/POLYCAB_25082026184658_Intimationtostockexchange.pdf)
- 2026-08-25 — Generic Announcement: Polycab India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_17413_WebXMLFile_20260825_184926885.xml)
- 2026-08-25 — Generic Announcement: Polycab India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_17413_WebXMLFile_20260825_184930999.xml)
- 2026-08-24 — Regulatory Filing: Polycab India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/RESULT_VOTING_1717528_24082026104136_WEB.xml)
- 2026-08-24 — Generic Announcement: Polycab India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/POLYCAB_24082026224035_Intimationtostockexchange.pdf)
- 2026-08-20 — Generic Announcement: Polycab India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/POLYCAB_20082026145343_IntimationforSMPCessation.pdf)
- 2026-08-20 — Generic Announcement: Polycab India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CIM_17413_WebXMLFile_20260820_212222265.xml)
- 2026-08-19 — Generic Announcement: Polycab India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/POLYCAB_19082026175532_Intimationtostockexchange.pdf)
- 2026-08-18 — Generic Announcement: Polycab India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/POLYCAB_18082026174455_Intimationtostockexchange.pdf)
- 2026-08-18 — Generic Announcement: Polycab India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CIM_17413_WebXMLFile_20260818_184012246.xml)
- 2026-08-18 — Generic Announcement: Polycab India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CIM_17413_WebXMLFile_20260818_184027712.xml)
- 2026-08-07 — Generic Announcement: Polycab India Limited will participate in investor conferences and meetings with institutional investors and analysts from August 12 to August 17, 2026. These events include Emkay Confluence 2026, the Equirus Annual India Conference, and the Motilal Oswal 22nd Annual Global Investor Conference. Only corporate and earnings presentations available on the company's website or publicly will be shared. — [Official attachment](https://nsearchives.nseindia.com/corporate/POLYCAB_07082026140949_Intimationtostockexchange.pdf)

## News and market events

- 2026-09-17 — Mint: **Polycab stock may get relief in Q2 amid rising competition fears** — Polycab may stay relatively insulated from Ultravolt’s entry for now. Its cables-heavy mix limits the immediate competitive risk, while firm copper prices and advance purchases ahead of expected price hikes could give Q2 revenue and volumes a lift. — [Source](https://www.livemint.com/market/mark-to-market/polycab-stock-may-get-relief-in-q2-amid-rising-competition-fears-11789636582681.html)
- 2026-09-16 — The Hindu: **Copper dazzle dull margins for EV, consumer and engineering goods** — Copper’s recent rally to record-highs has sent waves of concern reverberating through the makers of several consumer-focussed and industrial products such as electric vehicles (EVs), consumer gadgets and appliances, electric wires and engineering goods, among others. — [Source](https://www.thehindu.com/business/industry/copper-dazzle-dull-margins-for-ev-consumer-and-engineering-goods/article71473156.ece)
- 2026-09-10 — MONEYCONTROL: **UltraTech's Ultravolt entry to pressure wires margins; Kotak cuts target multiples** — UltraTech, UltraTech shares, UltraTech stocks, Kotak Institutional Equities, Polycab — [Source](https://www.moneycontrol.com/news/business/stocks/ultratech-s-ultravolt-entry-to-pressure-wires-margins-kotak-cuts-target-multiples-14026928.html)
- 2026-09-08 — CNBC-TV18: **DIIs more than double equity buying to ₹1,350 crore as markets slide** — Domestic institutional investors extended their buying streak to 21 sessions, while foreign investors turned marginal sellers as the Nifty fell to a three-month low. — [Source](https://www.cnbctv18.com/market/diis-more-than-double-equity-buying-to-rs1350-crore-as-markets-slide-19986846.htm)
- 2026-09-08 — BUSINESSTODAY: **Polycab India: Recent underperformance offers buying opportunity?** — Polycab India, cables and wires stocks, C&W industry, Polycab India target price, Indian stocks, brokerage views, share price, cable stocks, The Aditya Birla Group, wires and cables market, Ultravolt — [Source](https://www.businesstoday.in/markets/stocks/story/polycab-india-recent-underperformance-offers-buying-opportunity-price-target-jefferies-553986-2026-09-08)
- 2026-09-08 — Economic Times: **Ultravolt launch sparks sell-off in wire stocks; high-voltage players insulated** — The wire and cable industry faced stock declines amidst rumors of Ultravolts impending market entry. The Aditya Birla Group's initiative aims for a robust nationwide distribution and retail network, stirring competition among established players. Leaders like Polycab and Havells have felt the pinch with falling stock prices, though those in the mid-to-extra high voltage sector might remain relatively insulated from these changes. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/ultravolt-could-trip-retail-wire-players-high-voltage-companies-have-some-insulation/articleshow/133902246.cms)
- 2026-09-07 — BUSINESSTODAY: **UltraTech Cement’s cables & wires entry: Will peer stocks face near-term pressure?** — UltraTech Cement share price today, UltraTech Cement shares, UltraTech Cement share price, UltraTech Cement news — [Source](https://www.businesstoday.in/markets/stocks/story/ultratech-cements-cables-wires-entry-will-peer-stocks-face-near-term-pressure-553611-2026-09-07)
- 2026-09-07 — MONEYCONTROL: **Cable stocks extend losses as Citi flags UltraTech threat; RR Kabel, KEI fall over 3%** — ultratech share price today, polycab stock update, havells share price news, kei industries stock, cables wires shares, ultratech ultravolt, ultratech cables wires entry — [Source](https://www.moneycontrol.com/news/business/markets/cable-stocks-extend-losses-as-citi-flags-ultratech-threat-rr-kabel-kei-fall-over-3-14024159.html)
- 2026-09-07 — Economic Times: **Wires on fire: Why UltraTech’s Rs 1,800 crore Ultravolt bet wiped out Rs 21,500 crore in 2 days** — UltraTechs entry into wires and cables triggered a sharp selloff in listed peers as investors assess the impact of intensified competition on market share, pricing and margins. While house wires and light-duty cables face the most immediate pressure, higher-voltage segments remain relatively insulated. Analysts remain positive on long-term industry growth, but caution that elevated valuations leave incumbents vulnerable. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/wires-on-fire-why-ultratechs-rs-1800-crore-ultravolt-bet-wiped-out-rs-21500-crore-in-2-days/articleshow/133865793.cms)
- 2026-09-06 — Economic Times: **Ahead of Market: 10 things that will decide stock market action on Monday** — Indian benchmark indices ended slightly higher on Friday, with the Sensex rising 363 points and Nifty closing below 23,898. Investors monitored global market cues, US economic data, and inflation reports, while stock-specific action drove intraday activity across major sectors in a sideways-moving market environment. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/ahead-of-market-10-things-that-will-decide-stock-market-action-on-monday/articleshow/133834844.cms)
- 2026-09-04 — CNBC-TV18: **Sensex rises 363 points, Nifty gains 24 points: 3 reasons why stocks ended mixed** — Broader markets underperformed, with the Nifty Midcap index falling 156 points to 63,079, while several stocks moved sharply on company-specific developments. — [Source](https://www.cnbctv18.com/market/sensex-rises-363-points-nifty-gains-24-points-3-reasons-why-stocks-ended-mixed-19984343.htm)
- 2026-09-04 — MONEYCONTROL: **Taking Stock: Market snaps 4-day fall; Sensex jumps 363 pts, Nifty at 23,900** — Stock Market Today,Taking Stock,Sensex,Nifty,Market Today,Sensex Today, Nifty Today,Stock Market Today,India Stock Market Today,Share Market Today — [Source](https://www.moneycontrol.com/news/business/markets/taking-stock-market-snaps-4-day-fall-sensex-jumps-363-pts-nifty-at-23-900-14022866.html)
- 2026-09-04 — BUSINESSTODAY: **RR Kabel, KEI Industries, Polycab shares sink up to 8%; Nuvama lists preferred picks** — RR Kabel, KEI Industries, Polycab India, JM Financial, cables and wires stocks, C&W industry, Polycab India target price, KEI Industries target price, RR Kabel target price, Nuvama downgrade, stock market, Indian stocks, brokerage views, share price, cable stocks, The Aditya Birla Group, wires and cables market, Ultravolt — [Source](https://www.businesstoday.in/markets/stocks/story/rr-kabel-kei-industries-polycab-shares-sink-up-to-8-percent-nuvama-lists-preferred-picks-553325-2026-09-04)
- 2026-09-04 — CNBC-TV18: **Motilal Oswal bets on PhysicsWallah, sees UltraTech's cables entry pressuring Polycab, KEI** — Siddhartha Khemka, Head of Research, Wealth Management, Motilal Oswal Financial Services, shared his views on BSE, United Breweries, Blinkit versus Swiggy, and why corrections in select cable stocks could offer buying opportunities. Which sectors and stocks are its top high-conviction bets now? Watch the full video. Disclaimer: The views and tips expressed by investment experts on CNBCTV18.com are their own, not of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions. — [Source](https://www.cnbctv18.com/videos/market/motilal-oswal-physicswallah-ultratech-cables-polycab-kei-bse-blinkit-swiggy-stock-market-analysts-19984063.htm)
- 2026-09-04 — CNBC-TV18: **Polycab valuations correcting to these levels will be a buying opportunity, JPMorgan says** — Shares of Polycab are down over 7% this week, marking their worst weekly performance since March this year, when the stock had declined 15% during the week that ended on March 13. — [Source](https://www.cnbctv18.com/market/polycab-india-share-price-valuation-correction-a-buying-opportunity-jpmorgan-hopeful-ultratech-wire-entry-impact-19983984.htm)
- 2026-09-04 — CNBC-TV18: **Angel One, BSE rally as cable stocks fall on UltraTech's segment entry at Nifty 500 market opening** — A regulatory review and UltraTech Cement's early entry into the wires and cables segment drove sharp moves across the Nifty 500 at market open — here's a look at today's top gainers and losers. — [Source](https://www.cnbctv18.com/market/nifty-500-angel-one-hfcl-hbl-engineering-kei-industries-polycab-rr-kabel-ultratech-cement-share-price-19983905.htm)
- 2026-09-04 — MONEYCONTROL: **Buy Polycab India; target of Rs 10,764: Prabhudas Lilladher** — Prabhudas Lilladher, Polycab India, buy, Recommendations — [Source](https://www.moneycontrol.com/news/business/stocks/buy-polycab-india-target-of-rs-10-764-prabhudas-lilladher-2-14022497.html)
- 2026-09-04 — CNBC-TV18: **Polycab, KEI and peer stocks may see near-term de-rating on UltraTech's aggression, Nuvama warns** — Brokerage firm Motilal Oswal believes that Ultratech could achieve 5% - 7% market share by the financial year 2031. It said it is not changing its earnings estimates for the stock and will wait for more clarity on the revenue, margin guidance for the cables and wires business. — [Source](https://www.cnbctv18.com/market/ultratech-cement-share-price-wires-and-cables-foray-near-term-derating-for-polycab-kei-peer-stocks-impact-19983822.htm)
- 2026-09-02 — BUSINESSTODAY: **RR Kabel, KEI Industries, Polycab India shares tumble; JM Financial downgrades stocks, revises targets** — RR Kabel, KEI Industries, Polycab India, JM Financial, cables and wires stocks, C&W industry, Polycab India target price, KEI Industries target price, RR Kabel target price, JM Financial downgrade, stock market, Indian stocks, brokerage views, share price, cable stocks — [Source](https://www.businesstoday.in/markets/stocks/story/rr-kabel-kei-industries-polycab-india-shares-tumble-jm-financial-downgrades-stocks-revises-targets-552801-2026-09-02)
- 2026-09-02 — CNBC-TV18: **Equirus on UltraTech's cables entry and whether it's time to buy the dip in Polycab, RR Kabel and KEI** — Equirus Securities' Manoj Gori breaks down why UltraTech's early Gujarat wires plant start-up spooked Polycab, KEI and RR Kabel shares — and why he isn't rushing to call it a buying opportunity yet. He also flags Diamond Power's expansion plans and a possible fresh UltraTech cables capex as the next big triggers for the sector. What could that mean for valuations from here? — [Source](https://www.cnbctv18.com/market/ultratech-cable-push-polycab-kei-equirus-securities-manoj-gori-rr-kabel-wire-19982043.htm)
- 2026-09-01 — MONEYCONTROL: **Polycab, KEI shares fall up to 7% as UltraTech Cement forays into wires and cables segment with production launch in Gujarat** — UltraTech Cement, wires and cables — [Source](https://www.moneycontrol.com/news/business/markets/polycab-kei-shares-fall-up-to-7-as-ultratech-cement-forays-into-wires-and-cables-segment-with-production-launch-in-gujarat-14019998.html)
- 2026-09-01 — Mint: **Stocks to buy for short term: Sagility, Polycab India among 6 stocks experts recommend buying today; do you own any?** — Stocks to buy for the short term: Experts highlight six stocks to buy for short-term gains, backed by robust technical indicators and market momentum. Dive into the analysis to learn more. — [Source](https://www.livemint.com/market/stock-market-news/stocks-to-buy-for-short-term-sagility-polycab-india-among-6-stocks-experts-recommend-buying-today-do-you-own-any-11788234015790.html)
- 2026-09-01 — CNBC-TV18: **Vardhman Textiles, Graphite India, ITC lead Nifty 500 gainers as Prestige Estates, KEI Industries fall at market open** — Some Nifty 500 stocks rallied at market open, led by a sharp volume spike in one counter, while others slid on profit booking — here's a look at today's top gainers and losers. — [Source](https://www.cnbctv18.com/market/nifty-500-top-gainers-losers-market-open-vardhman-textiles-graphite-india-itc-adani-green-19981152.htm)
- 2026-08-28 — Economic Times: **Sensex Today | Nifty50 | Stock Market LIVE Updates: Sensex jumps over 300 pts, Nifty above 24,100; Infosys, Eternal rise 2% each - The Economic Times** — Sensex Today | Nifty 50 | Stock Market Live Updates: The Indian stock market opened in the green on Friday, a day after Sensex saw sharp downward spikes in the fag end of its month-expiry session, spooking investors. — [Source](https://economictimes.indiatimes.com/markets/stocks/live-blog/bse-sensex-today-nifty50-stock-market-live-updates-gift-nifty-wipro-lenskart-share-price-28-august-2026/liveblog/133581293.cms)
- 2026-08-27 — CNBC-TV18: **These two wires and cables stocks can gain up to 21% on BofA's bullish structural growth bets** — BofA has set a target price of ₹11,000 for Polycab, implying an upside of 21.4% from its previous close of ₹9,060. For KEI Industries, the brokerage has assigned a target price of ₹6,300, indicating an upside of 13.7% from its previous close of ₹5,540. — [Source](https://www.cnbctv18.com/market/polycab-kei-shares-rise-bofa-initiates-coverage-upsides-buy-ratings-target-structural-growth-19978071.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: 2026-09-18
- Source: Faxioms public stock analysis API

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