POLYCAB INDIA
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The Current P/E Ratio of POLYCAB INDIA is 44.93.
| Share Price | ₹7,438.3 | Dec 19,2025 |
| Market Cap | ₹111,946.4 Cr | |
| Earnings-TTM | ₹2,491.4 Cr | TTM-Consolidated Results |
| Price/Earnings | 44.93x | 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 [ ₹111,946.4 Cr] as on Dec 19,2025
(/) Earnings [ ₹2,491.4 Cr] based on TTM-Consolidated Results
(=) P/E Ratio [ 44.93x ]
Thus, for POLYCAB INDIA , the investors are currently willing to pay 44.93 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 | 44.93 | 111,946.4 |
| KEI INDUSTRIES LTD | 790.61 | 51.77 | 40,928.1 |
| FINOLEX CABLES LTD | 528.95 | 22.73 | 12,021.8 |
| RR KABEL LTD | 400.59 | 42.00 | 16,826.5 |
| STERLITE TECHNOLOGIES LTD | -4.00 | -1,216.54 | 4,866.2 |
| PRECISION WIRES INDIA LTD | 111.24 | 38.23 | 4,252.1 |
| PARAMOUNT COMMUNICATIONS LTD | 73.09 | 14.75 | 1,078.0 |
| UNIVERSAL CABLES LTD | 73.73 | 40.27 | 2,969.1 |
| DYNAMIC CABLES LTD | 77.21 | 20.97 | 1,618.8 |
| DELTON CABLES LTD | 18.37 | 27.99 | 514.1 |
| BIRLA CABLE LTD | 5.00 | 82.27 | 411.5 |
Cable Industry Benchmark (Top 10) PE Analysis vs POLYCAB INDIA 's P/E Ratio
| Top 10 Industry Peers | PE Ratio |
|---|---|
| Min industry PE | -1,216.54x |
| Max industry PE | 82.27x |
| Median industry PE | 38.23x |
| Average industry PE | -75.51x |
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