POLYCAB INDIA  
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The Current P/E Ratio of POLYCAB INDIA  is 46.06.
                
| Share Price | ₹7,624.8 | Nov 03,2025 | 
| Market Cap | ₹114,753.2 Cr | |
| Earnings-TTM | ₹2,491.4 Cr | TTM-Consolidated Results | 
| Price/Earnings | 46.06x | Calculated as Market Cap/Earnings | 
|---|---|---|
| Explore Stock Analytics | ||
Definition & Calculation of PE (Price/Earnings) ratio of POLYCAB INDIA
                    P/E = 
                    Market Capitalization 
                    / Net Income 
                    
                    or, using per-share numbers:
                    
                    P/E = Stock Price / 
                    Earnings Per Share (EPS)
                
               
                                     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 ]
            
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 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 Ratio | Market Cap | 
|---|---|---|---|
| POLYCAB INDIA | 2,491.36 | 46.06 | 114,753.2 | 
| KEI INDUSTRIES LTD | 790.61 | 48.16 | 38,072.0 | 
| FINOLEX CABLES LTD | 516.97 | 23.57 | 12,187.0 | 
| RR KABEL LTD | 400.59 | 39.26 | 15,726.5 | 
| STERLITE TECHNOLOGIES LTD | -21.00 | -282.47 | 5,931.9 | 
| PRECISION WIRES INDIA LTD | 94.89 | 43.55 | 4,132.3 | 
| PARAMOUNT COMMUNICATIONS LTD | 80.17 | 16.49 | 1,322.0 | 
| UNIVERSAL CABLES LTD | 58.71 | 43.06 | 2,527.9 | 
| DYNAMIC CABLES LTD | 77.21 | 25.24 | 1,948.5 | 
| DELTON CABLES LTD | 20.57 | 28.98 | 596.1 | 
| BIRLA CABLE LTD | 5.00 | 95.56 | 477.9 | 
Cable Industry Benchmark (Top 10) PE Analysis vs POLYCAB INDIA 's P/E Ratio
| Top 10 Industry Peers | PE 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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