Polycab India stock
POLYCAB.NSNSEPolycab India Limited, IndustrialsISIN INE455K01017
65Score 65 out of 100, Neutral
Price and trend
44 / 100
Price history
+5.2% in one yearThe chart shows daily closes over 8 years, adjusted for stock splits and without dividends. Click into the chart to set a price alert at that price.
Below the 200-day line: the price is 4.4% below it.
Since October 2026 the 50-day line has been below the 200-day line; the trend has turned down.
Overheated: the price has risen very quickly lately (RSI 78).
The price is 20% below its 52-week high. Largest decline in 8 years: 50% (February 2020 to March 2020).
Chart figures for advanced users
- SMA 50$86.43
- Average price of the last 50 trading days, shows the short-term trend.
- SMA 200$89.81
- Average price of the last 200 trading days, shows the long-term trend.
- RSI (14)78
- Relative strength over the last 14 days on a scale from 0 to 100. Above 70 the price counts as overheated, below 30 as sharply fallen.
- MACDabove the signal line
- Compares a fast and a slow price average. Above its signal line momentum is rising, below it momentum is fading.
- Support$71.45
- The lowest closing price of the last twelve months.
- Resistance$107.17
- The highest closing price of the last twelve months.
Snapshot
Computed from the data by fixed rules, no AI
- Polycab India Limited belongs to the Electrical Equipment & Parts industry (India) and, with a market value of $12.94B, is number 27 of 96 companies in its industry on MEQIRI.
- In fiscal 2026 it reported revenue of $3.07B (up 28.9% year on year) and earnings of $284.01M (up 32.3%).
- For fiscal 2027, analysts expect on average revenue of $4.02B (up 30.9%) and adjusted earnings per share of $2.47 (up 31%).
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- MEQIRI Score 65 out of 100 (Neutral): rank 390 of 1018 in Industrials, median 61.
- The P/E is 38.6 (Electrical Equipment & Parts median 25.1, own median of recent years 38).
- Our model puts fair value at $37.94, with the price 126% above it.
In plain words
The numbers on this page in plain words, written by an AI
Strengths
- Growing faster than its industryRevenue up 26.9% a year since 2021, Electrical Equipment & Parts median 17.3%.Growth 76
- Earnings per share growingUp 25.8% a year since 2021.Growth 76
- High return on capitalReturn on invested capital 25.6% in fiscal 2026, Electrical Equipment & Parts median 9.4%.Profitability 72
Weaknesses
- Above fair valuePrice 126% above the fair value of $37.94.Valuation 24
- Negative free cash flowFree cash flow −$331.13M over the last 12 months.
- Margin fallingOperating margin 12.5%, average of the prior years 20.7% (to 2025).
Its standout strengths are stability and capital allocation, while technical analysis and valuation hold the score back.
Daily figure as of 13 Nov 2026
How the score is calculatedScore overview
Fundamentals are strong, with stable profits.
Score history
The full history of up to 20 years comes with MEQIRI Pro.
See plansCrash risk not measured
How well MEQIRI warnsFor stocks from Japan, China, Hong Kong, Taiwan, Korea, Canada, India and Brazil we only show crash risk once a separate backtest shows that it warns as well there as in the US and Europe.
Valuation
Valuation signal
Significantly overvaluedIn our model the price counts as cheap below $27.10 and expensive above $63.24 (uncertainty high, one part of the fair value is more than twice the other).
The two parts of the fair value come to $20.14 (cash-flow model) and $55.74 (industry comparison), and the gap between them shows how uncertain the estimate is. The price is above both.
Calculated with a cost of equity of 17%. At 18% the fair value would be $36.85, at 16% it would be $39.29.
Valuation metrics
Half from the cash-flow model, half from earnings times the industry P/E (25.1).
Calculate with your own assumptionsCompany performance
This shows several years of history with an automatic assessment.
Revenue
In the twelve months to 30 Sep 2026, revenue rose 40.6% on the twelve months before. Revenue has grown strongly since 2014, at around 16% per year.
Margins
- Gross margin
- Operating margin
- Net margin
In fiscal 2026: gross 21%, operating 13%, net 9%.
Debt & balance sheet
latest quarterThe balance sheet is solid, with moderate debt and comfortable interest coverage.
Earnings
- Next earnings
- 21 Jan 2027in 69 days
- Last reported
- 14 Oct 2026EPS reported $0.69 (expected $0.56)above expectations
Analyst estimates
Earnings estimates have barely changed since 24 Oct 2026.
- Earnings per share
- $2.47+0.2%
- Revenue
- $4.02B+0.1%
- Earnings per share
- $2.81+0.1%
- Revenue
- $4.66B+0.1%
MEQIRI has stored the estimates since 24 Oct 2026. Until 30 days are available, the card shows the change since that day. Mean estimate according to Financial Modeling Prep. No price target and no recommendation.
What happened at Polycab India
The key events of the last six months from our own data. A click takes you to the matching card.
Sector comparison
1018 rated companies in Industrials
- This company
- 65
- Sector median
- 61
Categories against the sector median
The median is the middle value: half of the companies in the sector lie above it, half below. Categories with too few comparable companies are left out.
Competitors in Electrical Equipment & Parts
The next larger and next smaller companies by market value
- CG Power and Industrial SolutionsCGPOWER.NS $13.76B55
- TBEA600089.SS $13.64B48
- Hitachi Energy IndiaPOWERINDIA.NS $13.52B67
- Sieyuan Electric002028.SZ $13.28B71
- Hyosung Heavy Industries298040.KS $12.49B56
- Jiangsu Zhongtian Technology600522.SS $12.33B60
- Posco Future M003670.KS $11.63B31
- Kingboard Laminates Holdings1888.HK $11.54B64
ETFs that hold Polycab India
Held by 15 ETFs on Xetra. Shown per index: the ETF with the largest weight.
| ETF | Weight | Cost | Fund size |
|---|---|---|---|
| iShares MSCI India UCITS ETFQDV5 | 0.31% | 0.65% | €4.98B |
| Amundi MSCI EM Asia ESG Broad Transition UCITS ETF AccLCUA | 0.09% | 0.25% | €661.06M |
| iShares MSCI EM CTB Enhanced ESG UCITS ETFEDM2 | 0.07% | 0.18% | €7.25B |
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| WisdomTree Emerging Markets ex-State Owned Enterprises UCITS ETF AccumUSDXSOE | 0.06% | 0.32% | €17.98M |
| iShares MSCI EM Asia UCITS ETFCEBL | 0.05% | 0.20% | €7.14B |
| Amundi Core MSCI Emerging Markets UCITS ETF EUR DistAEMD | 0.04% | 0.18% | €9.52B |
| iShares MSCI EM UCITS ETF USD (Dist)IQQE | 0.04% | 0.18% | €8.51B |
| iShares MSCI EM IMI Screened UCITS ETF USD (Acc)AYEM | 0.04% | 0.18% | €5.26B |
Holdings as reported by the funds via FMP, excluding swap ETFs (their holdings are only collateral).
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2026, period end 31 Mar 2026
- Currency
- Amounts in US dollars, converted at the ECB reference rate of 12 Nov 2026 ($1 = ₹94.0836)
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Neutral, published since 7 Nov 2026 (in the score history since 2 Oct 2026)
- Valuation signal Overvalued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.