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POLYCAB INDIA
PE (Price/Earnings) Ratio

The Current P/E Ratio of POLYCAB INDIA is 42.69.

Share Price ₹7,537.7Feb 05,2026
Market Cap ₹113,442.4 Cr
Earnings-TTM₹2,657.2 CrTTM-Consolidated Results
Price/Earnings42.69xCalculated 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 [ ₹113,442.4 Cr] as on Feb 05,2026

(/) Earnings [ ₹2,657.2 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 42.69x ]

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 42.69 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 42.69x.

- 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 2,657.1942.69113,442.4
KEI INDUSTRIES LTD860.6749.3642,486.3
FINOLEX CABLES LTD528.9521.5511,399.3
RR KABEL LTD448.5737.2316,699.9
STERLITE TECHNOLOGIES LTD2.003,273.966,547.9
PRECISION WIRES INDIA LTD111.2440.904,550.1
PARAMOUNT COMMUNICATIONS LTD73.0916.371,196.4
UNIVERSAL CABLES LTD73.7335.982,653.2
DYNAMIC CABLES LTD83.8317.371,456.4
DELTON CABLES LTD18.3723.72435.8
BIRLA CABLE LTD7.5853.80408.0

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

Top 10 Industry PeersPE Ratio
Min industry PE 16.37x
Max industry PE 3,273.96x
Median industry PE 37.23x
Average industry PE 328.45x



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