Polycab India Limited (POLYCAB) fair value: what the stock is really worth
We calculate from audited financials what Polycab India Limited is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily, free.
- Compare price with fair valuebelow fair value = cheap, above = expensive
- Check the quality50 and up solid, 75 and up strong
- Watch it or check another stockalert when fair value or trend changes
At a glance
A solid business, but trading 56% above our fair value of ₹5,357.
As of Aug 30, 2026, the fair value of Polycab India Limited is ₹5,357 per share against a price of ₹8,374, so the fair value sits 36% below the price. A model estimate from reported figures, not an analyst target.
Fair value as of: Aug 30, 2026
From 17 valuation models · updated 10 days ago
Fair value updated Aug 30, 2026, revised from ₹3,218 to ₹5,357 (+66.5%) since Aug 13, 2026. Share price −9.2% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- The price sits above even our optimistic bull case (₹6,796). The favourable scenario is already priced in.
- Solid but not exceptional quality (52/100) and above fair value, neither a clear bargain nor a standout compounder.
- A fairly wide model range (₹2,628 to ₹6,796) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 30, 2026.
How to read this chart
60‑month range ₹1,562 – ₹10,083 · fair‑value band ₹2,628 – ₹6,796 · the ₹8,374 price screens above the ₹5,357 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 30, 2026.
Analysis
Polycab India Limited (POLYCAB) currently trades at ₹8,374, while our model-based Fair Value estimate is ₹5,357, implying the stock looks roughly 56.3% overvalued today. The Quality Score stands at 52/100 (solid quality), in the Industrials sector. Bull case: the Growth Earnings group reads highest at a median of ₹5,155 per share, and 1 of the 17 models we run sit above the ₹8,374 price. Bear case: the Dividend Discount group reads lowest at ₹625.21, and 16 of the 17 models stay below the price. Evidence for this calculation is medium.
Over the trailing twelve months, Polycab India Limited generated revenue of ₹289B at a net margin of 9.3%. Revenue grew 26.9% year over year. It earns a return on equity of 24.6%. Net debt stands at ₹36.2B. Fundamentals as of Aug 30, 2026
Scenario range: ₹2,628 (bear) to ₹6,796 (bull), the price of ₹8,374 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target. The share trades about 15% below its 52-week high and 45% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at −44% fair-value upside, at −36%, POLYCAB screens cheaper than that median.
Fair Value models
Based on fiscal year 2026 figures (about 5 months old). Earnings retained since then (₹56.12 per share) are deliberately not added.
Each model values the company its own way; the fair value above is the evidence-weighted blend. Evidence (0 to 100) shows how complete a model's inputs are. How we calculate →
All 17 models by family
Widest divergence: Growth Earnings (₹5,155) versus Asset-Based (₹534.32). Highest evidence: EPV (74).
Notify me when POLYCAB reaches fair value
Put POLYCAB on your watchlist. We get in touch as soon as price and fair value meet or the trend turns.
Set up alert →Free, no payment details. Unsubscribe anytime in one click.
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 30, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 52 · Market factors (momentum, volatility) 58
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
Polycab India Limited manufactures and sells wires and cables under the POLYCAB brand in India and internationally. The company operates through three segments: Wires and Cables; Fast Moving Electrical Goods (FMEG); and Engineering, Procurement and Construction (EPC).
Full company description
Polycab India Limited manufactures and sells wires and cables under the POLYCAB brand in India and internationally. The company operates through three segments: Wires and Cables; Fast Moving Electrical Goods (FMEG); and Engineering, Procurement and Construction (EPC). The Wires and Cables segment provides wires, such as PolycabSuprema house wires, PolycabMaxima+ Green wire, PolycabPrimma house wires, ETIRA house wires, PolycabOptima+, GREENWIRE 180m, and POLYCAB LF FR 180m; and cables, such as control, rubber, defense, special, fire protection, marine offshore/onshore, domestic appliance and lighting, aerial bunched, industrial, high temperature, LV power, MV power, EHV power, communication and data, and instrumentation. The Fast Moving Electrical Goods segment offers ceiling, table, pedestal, wall, exhaust, farrata, and air circulated fans; LED lighting and luminaires, such as LED Bulb, downlight, panel light, led batten, outdoor lights, and rope and strip lights; water heaters; switches and accessories; switchgears consisting of isolators, MCB, RCCB, RCBO, distribution board, ACCL, and MCB changeover switches; solar products, including solar panel and invertors; and pumps, conduits, and domestic appliances. The EPC segment designs, engineers, and supplies materials; and engages in the survey, execution, and commissioning of turn-key power distribution, transmission, and rural electrification projects. The company provides coolers and iron appliances. It operates a distribution network through authorized dealers and distributors, and retail outlets. The company was founded in 1964 and is based in Mumbai, India.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2022 – FY2026 · reported fiscal years
Polycab India Limited reported revenue of ₹289B in FY2026 versus ₹122B in FY2022, a compound +24.0%/yr. Reported net income was ₹26.7B in FY2026, compounding +31.0%/yr from FY2022.
of which total revenue +18.2 % · buybacks/dilution −0.7 %
Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).
POLYCAB screens 56% overvalued. Compare with Contemporary Amperex Technology Co →
Peer Group
Electrical Equipment & Parts · 542 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Electrical Equipment & Parts median · lower = cheaper
Context: sector, industry, market
- Is the Industrials sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Undervalued stocks: Industrials
- Undervalued stocks: Indian Stocks
- Valuation of the India market
Strength profile in five axes (Snowflake)
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
VALUE 0: the price sits above our fair-value range.
Insider activity: 45/100
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Electrical Equipment & Parts stocks, each showing price versus our Fair Value estimate (as of Aug 30, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Contemporary Amperex Technology Co 3750 | HK$652.50 | HK$394.19 | −40% |
| ABB Ltd ABBN | CHF 80.98 | CHF 28.69 | −65% |
| Delta Electronics (Thailand) Public Company TDED | 10.40 SGD | 1.47 SGD | −86% |
| Vertiv Holdings VRT | $257.08 | $63.13 | −75% |
| LG Energy Solution, Ltd 373220 | 365,500 KRW | 201,455 KRW | −45% |
| Prysmian S.p.A PRY | €117.10 | €84.15 | −28% |
| Legrand SA LR | €140.90 | €78.82 | −44% |
| Sungrow Power Supply Co 300274 | ¥86.40 | ¥123.83 | +43% |
| Shenzhen Inovance Technology Co 300124 | ¥61.07 | ¥33.04 | −46% |
| Hubbell Incorporated HUBB | $443.31 | $285.77 | −36% |
Compare Polycab India Limited with another stock
Price, fair value, quality and upside side by side.
Explore undervalued stocks
More undervalued Industrials stocks →
Try a ready-made strategy
Pick a strategy and jump into the live analysis with that exact screen applied.
Discover tools
Frequently asked questions
Is Polycab India Limited (POLYCAB) overvalued or undervalued?
What is the fair value of POLYCAB?
What is the quality score of POLYCAB?
What is the price target for Polycab India Limited (POLYCAB)?
What is the Polycab India Limited stock forecast for 2026?
What is the revenue of Polycab India Limited (POLYCAB)?
What is the net profit margin of POLYCAB?
Does Polycab India Limited pay a dividend?
What is the intrinsic value of Polycab India Limited (POLYCAB)?
Is Polycab India Limited stock overvalued or undervalued in 2026?
Is fair value the same as the market price of POLYCAB?
How much is Polycab India Limited worth?
What do the bullish and bearish scenarios say about POLYCAB?
What is the P/E ratio of POLYCAB?
How solid is the balance sheet of Polycab India Limited (POLYCAB)?
How far is POLYCAB from its 52-week high?
Which stocks are comparable to Polycab India Limited?
Is Polycab India Limited stock attractive at the current price?
How is the fair value of POLYCAB calculated?
Watch Polycab India Limited in the live analysis
One click puts Polycab India Limited on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.
Watch for free →Zero risk: nothing is ever charged. Your watchlist is yours, with or without an account.