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POLYCAB INDIA
PE (Price/Earnings) Ratio

The Current P/E Ratio of POLYCAB INDIA is 47.40.

Share Price ₹7,066.9Aug 25,2025
Market Cap ₹106,356.8 Cr
Earnings-TTM₹2,243.6 CrTTM-Consolidated Results
Price/Earnings47.40xCalculated 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 [ ₹106,356.8 Cr] as on Aug 25,2025

(/) Earnings [ ₹2,243.6 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 47.40x ]

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 47.40 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 47.40x.

- 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 2,243.6147.40106,356.8
KEI INDUSTRIES LTD741.9150.7537,648.7
FINOLEX CABLES LTD516.9724.8312,833.9
RR KABEL LTD334.3841.1813,769.4
STERLITE TECHNOLOGIES LTD-21.00-299.516,289.7
PRECISION WIRES INDIA LTD94.8933.563,184.9
PARAMOUNT COMMUNICATIONS LTD80.1717.991,442.5
UNIVERSAL CABLES LTD58.7143.622,560.9
DYNAMIC CABLES LTD71.4329.872,133.2
DELTON CABLES LTD20.5727.36562.8
BIRLA CABLE LTD6.1178.41479.0

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

Top 10 Industry PeersPE Ratio
Min industry PE -299.51x
Max industry PE 78.41x
Median industry PE 33.56x
Average industry PE 8.68x



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