POLYCAB INDIA
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The Current P/E Ratio of POLYCAB INDIA is 41.42.
| Share Price | ₹7,985.0 | Oct 01,2026 |
| Market Cap | ₹120,334.0 Cr | |
| Earnings-TTM | ₹2,905.4 Cr | TTM-Consolidated Results |
| Price/Earnings | 41.42x | 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 [ ₹120,334.0 Cr] as on Oct 01,2026
(/) Earnings [ ₹2,905.4 Cr] based on TTM-Consolidated Results
(=) P/E Ratio [ 41.42x ]
Thus, for POLYCAB INDIA , the investors are currently willing to pay 41.42 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 Mar2026 to Mar2022 averaged 38.47x.
- POLYCAB INDIA 's operated at median p/e ratio of 38.54x 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 Mar2023 of 33.92x.
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 | 2,905.39 | 41.42 | 120,334.0 |
| KEI INDUSTRIES LTD | 996.83 | 43.23 | 43,096.8 |
| RR KABEL LTD | 601.24 | 47.35 | 28,468.7 |
| STERLITE TECHNOLOGIES LTD | 243.00 | 201.88 | 49,056.5 |
| FINOLEX CABLES LTD | 580.98 | 38.36 | 22,285.6 |
| DIAMOND POWER INFRASTRUCTURE LTD | 196.51 | 105.44 | 20,720.2 |
| PRECISION WIRES INDIA LTD | 174.63 | 52.44 | 9,158.6 |
| UNIVERSAL CABLES LTD | 97.06 | 51.90 | 5,037.3 |
| ADVAIT ENERGY TRANSITIONS LTD | 65.45 | 31.15 | 2,038.6 |
| PARAMOUNT COMMUNICATIONS LTD | 60.95 | 30.33 | 1,848.6 |
| DYNAMIC CABLES LTD | 91.18 | 22.75 | 2,074.0 |
Cable Industry Benchmark (Top 10) PE Analysis vs POLYCAB INDIA 's P/E Ratio
| Top 10 Industry Peers | PE Ratio |
|---|---|
| Min industry PE | 22.75x |
| Max industry PE | 201.88x |
| Median industry PE | 43.23x |
| Average industry PE | 60.57x |
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