POLYCAB INDIA
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The Current P/E Ratio of POLYCAB INDIA is 48.77.
| Share Price | ₹8,610.2 | Feb 27,2026 |
| Market Cap | ₹129,582.8 Cr | |
| Earnings-TTM | ₹2,657.2 Cr | TTM-Consolidated Results |
| Price/Earnings | 48.77x | 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 [ ₹129,582.8 Cr] as on Feb 27,2026
(/) Earnings [ ₹2,657.2 Cr] based on TTM-Consolidated Results
(=) P/E Ratio [ 48.77x ]
Thus, for POLYCAB INDIA , the investors are currently willing to pay 48.77 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 | 2,657.19 | 48.77 | 129,582.8 |
| KEI INDUSTRIES LTD | 860.67 | 56.43 | 48,568.9 |
| FINOLEX CABLES LTD | 535.04 | 26.13 | 13,983.2 |
| RR KABEL LTD | 448.57 | 39.39 | 17,667.5 |
| STERLITE TECHNOLOGIES LTD | 2.00 | 3,880.43 | 7,760.9 |
| PRECISION WIRES INDIA LTD | 129.98 | 43.90 | 5,705.4 |
| PARAMOUNT COMMUNICATIONS LTD | 57.97 | 18.35 | 1,063.7 |
| UNIVERSAL CABLES LTD | 85.66 | 27.95 | 2,393.8 |
| DYNAMIC CABLES LTD | 83.83 | 16.97 | 1,422.5 |
| DELTON CABLES LTD | 19.10 | 21.97 | 419.4 |
| BIRLA CABLE LTD | 7.58 | 58.83 | 446.1 |
Cable Industry Benchmark (Top 10) PE Analysis vs POLYCAB INDIA 's P/E Ratio
| Top 10 Industry Peers | PE Ratio |
|---|---|
| Min industry PE | 16.97x |
| Max industry PE | 3,880.43x |
| Median industry PE | 39.39x |
| Average industry PE | 385.37x |
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