Polycab India Ltd

Polycab India has allotted 2,700 equity shares under ESOS on 07 May 2026.

The stock hit a record high of Rs 8,988.50 during the trading session today. The rally came after the company reported robust growth despite geopolitical disruptions, demand slowdown in March and temporary channel destocking amid raw material volatility. On a consolidated basis, profit after tax rose 7% YoY and 24.7% QoQ to Rs 785.6 crore in Q4 FY26. Revenue from operations stood at Rs 8,864.5 crore in Q4 FY26, up 26.9% YoY and 16.1% QoQ, driven by robust execution across both wires and cables (W&C) and FMEG business. EBITDA stood at Rs 1,161.3 crore in Q4 FY26, up 13.2% YoY and 20.2% QoQ. EBITDA margin came in at 13.1% compared with 14.7% in Q4 FY25 and 12.7% in Q3 FY26. Profit before tax stood at Rs 1,049.3 crore in Q4 FY26, up 24.6% vs Q3 FY26 and 9.2% vs Q4 FY25. Cost of goods sold increased 30.4% YoY to Rs 6,786.7 crore in Q4 FY26. Employee cost declined 5.2% YoY to Rs 193.1 crore, while other operating expenses rose 31.2% YoY to Rs 723.3 crore during the quarter. For FY26, revenue from operations rose 28.9% YoY to Rs 28,883.8 crore from Rs 22,408.3 crore in FY25. EBITDA for FY26 stood at Rs 4,005.7 crore, up 35.3% YoY, while PAT increased 32.4% YoY to Rs 2,708.4 crore. Operationally, the wires and cables business revenue grew 33% YoY to Rs 25,178.9 crore in FY26, driven by strong growth across distribution and institutional segments. The international business contributed 5.4% of consolidated revenue. The FMEG business revenue increased 25% YoY to Rs 2,069.3 crore, aided by strong traction in solar products. The EPC business revenue declined 13% YoY, though EBIT margin remained healthy at 9.9%. The board recommended a dividend of Rs 47 per equity share of face value Rs 10 each for FY26. Net cash flow from operating activities stood at Rs 3,810.7 crore in FY26, higher than Rs 1,808.5 crore in FY25. Polycab's net cash position stood at Rs 4,190 crore as of 31 March 2026 compared with Rs 2,460 crore a year earlier. Brokerages turned bullish following the results. A foreign brokerage raised its target price to Rs 10,500 from Rs 9,500 while maintaining a Buy rating, citing strong execution and market share gains. Another global brokerage lifted its target to Rs 9,770 from Rs 8,950, highlighting Polycab's rising share in the organised cables and wires market, which has climbed to 30-31%. A domestic brokerage increased its target price to Rs 9,800 from Rs 9,350, forecasting revenue and EBITDA CAGRs of 19% and PAT growth of around 18% over FY26-28. Another brokerage raised FY27 and FY28 earnings estimates by 3-5% and revised its target to Rs 9,740 from Rs 9,420. Polycab India is India's largest manufacturer of wires and cables and also operates a fast-growing FMEG business spanning fans, lighting, switches, solar products and home appliances. Powered by Capital Market - Live

Polycab India announced that the Board of Directors of the Company at its meeting held on 6 May 2026, inter alia, have recommended the final dividend of Rs 47 per equity Share (i.e. 470%) , subject to the approval of the shareholders.

Net profit of Polycab India rose 6.34% to Rs 772.77 crore in the quarter ended March 2026 as against Rs 726.67 crore during the previous quarter ended March 2025. Sales rose 26.89% to Rs 8864.48 crore in the quarter ended March 2026 as against Rs 6985.80 crore during the previous quarter ended March 2025. For the full year,net profit rose 32.28% to Rs 2672.03 crore in the year ended March 2026 as against Rs 2019.99 crore during the previous year ended March 2025. Sales rose 28.90% to Rs 28883.79 crore in the year ended March 2026 as against Rs 22408.31 crore during the previous year ended March 2025. ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var. Sales8864.486985.80 27 28883.7922408.31 29 OPM %13.1014.68 -13.8713.21 - PBDT1147.081040.92 10 3998.942998.95 33 PBT1049.29960.56 9 3613.082700.85 34 NP772.77726.67 6 2672.032019.99 32 Powered by Capital Market - Live

Polycab India will hold a meeting of the Board of Directors of the Company on 6 May 2026.

Polycab India has allotted 1,085 equity shares under ESOP on 09 March 2026. Powered by Capital Market - Live

Polycab India announced that the National Company Law Tribunal has approved the scheme of amalgamation of Uniglobus Electricals and Electronics (wholly owned subsidiary) with Polycab India (holding company). Powered by Capital Market - Live

Revenue from operations surged 46% YoY and 18% QoQ to Rs 7,636.1 crore in Q3 FY26, up from Rs 5,226.1 crore in Q3 FY25 and Rs 6,477.2 crore in Q2 FY26. The strong growth was driven by robust execution in Wires & Cables (W&C) business, supported by healthy growth momentum in Fast-Moving Electrical Goods (FMEG) business. The W&C segment delivered 53% YoY growth for the quarter, driven by exceptional domestic performance with 59% growth, supported by robust demand and sustained commodity price inflation. The FMEG segment demonstrated continued momentum, recording 17% YoY growth in the quarter. The EPC business reported revenues of Rs 406.9 crore, a 4% YoY increase. Net profit declined 9% QoQ but rose 36% YoY to Rs 630.2 crore in Q3 FY26, compared with Rs 693 crore in Q2 FY26 and Rs 464.3 crore in Q3 FY25. Profit before tax stood at Rs 842 crore in Q3 FY26, down 9% QoQ and up 37% YoY. EBITDA came in at Rs 966 crore in Q3 FY26, down 5% QoQ but up 34% YoY, while EBITDA margin slipped to 12.7% from 15.8% in Q2 FY26 and 13.8% in Q3 FY25. Total operating expenses increased 24.3% QoQ and 46.4% YoY to Rs 915 crore in Q3 FY26, compared with Rs 736 crore in Q2 FY26 and Rs 625 crore in Q3 FY25. Employee costs rose 2.8% QoQ and 19.2% YoY to Rs 237 crore, while other operating expenses jumped 34.3% QoQ and 59.0% YoY to Rs 678 crore. Finance costs increased 42.6% QoQ and 38.6% YoY to Rs 69 crore, while depreciation rose 9.5% QoQ and 34.9% YoY to Rs 106 crore during the quarter. Polycab India is India's largest manufacturer of wires and cables and one of the fastest growing FMEG companies. Its business operations span across India through 27 manufacturing facilities, 15 offices and 34 warehouses. Powered by Capital Market - Live

Net profit of Polycab India rose 35.87% to Rs 621.69 crore in the quarter ended December 2025 as against Rs 457.56 crore during the previous quarter ended December 2024. Sales rose 46.12% to Rs 7636.13 crore in the quarter ended December 2025 as against Rs 5226.06 crore during the previous quarter ended December 2024. ParticularsQuarter EndedDec. 2025Dec. 2024% Var. Sales7636.135226.06 46 OPM %12.6513.78 - PBDT947.79695.13 36 PBT842.20616.57 37 NP621.69457.56 36 Powered by Capital Market - Live

Bata India Ltd, Biocon Ltd, Go Digit General Insurance Ltd, Max Financial Services Ltd are among the other stocks to see a surge in volumes on BSE today, 14 January 2026.Polycab India Ltd clocked volume of 8.35 lakh shares by 10:46 IST on BSE, a 63.27 times surge over two-week average daily volume of 13203 shares. The stock lost 2.28% to Rs.7,397.00. Volumes stood at 21247 shares in the last session.Bata India Ltd registered volume of 53946 shares by 10:46 IST on BSE, a 9.18 fold spurt over two-week average daily volume of 5878 shares. The stock slipped 0.28% to Rs.905.40. Volumes stood at 5542 shares in the last session.Biocon Ltd registered volume of 5.65 lakh shares by 10:46 IST on BSE, a 6.36 fold spurt over two-week average daily volume of 88828 shares. The stock rose 1.03% to Rs.381.20. Volumes stood at 2.12 lakh shares in the last session.Go Digit General Insurance Ltd saw volume of 23620 shares by 10:46 IST on BSE, a 5.03 fold spurt over two-week average daily volume of 4699 shares. The stock dropped 4.29% to Rs.324.40. Volumes stood at 5848 shares in the last session.Max Financial Services Ltd notched up volume of 1.02 lakh shares by 10:46 IST on BSE, a 4.4 fold spurt over two-week average daily volume of 23060 shares. The stock slipped 0.26% to Rs.1,642.10. Volumes stood at 95781 shares in the last session.Powered by Capital Market - Live