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POLYCAB INDIA
PE (Price/Earnings) Ratio

The Current P/E Ratio of POLYCAB INDIA is 46.06.

Share Price ₹7,624.8Nov 03,2025
Market Cap ₹114,753.2 Cr
Earnings-TTM₹2,491.4 CrTTM-Consolidated Results
Price/Earnings46.06xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of POLYCAB INDIA

Price-to-Earnings ratio, P/E Multiple, or P/E Ratio is an important valuation multiple that is defined as:

P/E = Market Capitalization / Net Income

or, using per-share numbers:

P/E = Stock Price / Earnings Per Share (EPS)

Applying the above formula, P/E ratio of POLYCAB INDIA is calculated as :

Current Market Cap [ ₹114,753.2 Cr] as on Nov 03,2025

(/) Earnings [ ₹2,491.4 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 46.06x ]

P/E Ratio indicates the multiple of earnings investors are willing to pay to own one share of the company.

Thus, for POLYCAB INDIA , the investors are currently willing to pay 46.06 times earnings to own 1 share of the company.

PE Multiples are the most widely used valuation multiple in practice.

Since P/E ratio uses Net Income in the calculation, P/E multiples are not always reliable for valuing companies with negative earnings.

In such cases, you may consider using Price to Book ratio or Price to Sales ratio of POLYCAB INDIA !

P/E ratios, also, would not adjust for differences in the capital structure between companies.

The chart below summarizes the trend in P/E Ratio of POLYCAB INDIA over the last five years.

Historical PE (Price/Earnings) ratio chart of POLYCAB INDIA


PE Ratio Performance Analysis for POLYCAB INDIA

- POLYCAB INDIA 's latest p/e ratio is 46.06x.

- POLYCAB INDIA 's p/e ratio for fiscal years ending Mar2025 to Mar2021 averaged 35.43x.

- POLYCAB INDIA 's operated at median p/e ratio of 38.34x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, POLYCAB INDIA 's p/e ratio peaked in Mar2024 at 42.66x.

- POLYCAB INDIA 's p/e ratio hit its five-year low in Mar2021 of 23.33x.


How does POLYCAB INDIA 's P/E Ratio benchmark against top 10 peers in Cable Industry?

Peer Comparison (Cable Industry)Earnings-TTM (Cr)PE RatioMarket Cap
POLYCAB INDIA 2,491.3646.06114,753.2
KEI INDUSTRIES LTD790.6148.1638,072.0
FINOLEX CABLES LTD516.9723.5712,187.0
RR KABEL LTD400.5939.2615,726.5
STERLITE TECHNOLOGIES LTD-21.00-282.475,931.9
PRECISION WIRES INDIA LTD94.8943.554,132.3
PARAMOUNT COMMUNICATIONS LTD80.1716.491,322.0
UNIVERSAL CABLES LTD58.7143.062,527.9
DYNAMIC CABLES LTD77.2125.241,948.5
DELTON CABLES LTD20.5728.98596.1
BIRLA CABLE LTD5.0095.56477.9

Cable Industry Benchmark (Top 10) PE Analysis vs POLYCAB INDIA 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE -282.47x
Max industry PE 95.56x
Median industry PE 39.26x
Average industry PE 11.59x



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