Obermatt

Polycab India

NSI:POLYCAB · INE455K01017
Electrical EquipmentLarge

360

64
EV / EBIT26
Price / Owner Earnings7
Owner Earnings Yield40
Dividend Yield71
Price/Sales23
EV / Gross Profit35
Price/Book5
Return on Capital93
Cash Return on Capital72
Return on Equity84
EBIT Margin63
Gross Profitability93
Cash Conversion64
Accruals25
Owner Earnings Margin56
Sales growth87
Profit Growth69
Long-Term EPS Growth84
Owner Earnings Growth51
Reinvestment34
Price momentum88
Debt load87
Refinancing19
Debt Payback100
Liquidity77
Analyst ratings48
Opinion Changes41
Price Target Upside16
Market mood83
Value Creation16/20strong value creator
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

Polycab India generates returns well above its cost of capital, the foundation of durable shareholder value.

Profile

CountryIndia
IndustryElectrical Equipment
SizeLarge
TypePublic Company
ExchangeNSEI
Founded1996
Employees3,243
ISININE455K01017
Last UpdateApr 2, 2026
Index & Theme
Power GridUtility Scale SolarResidential SolarElectronicsHardwareRenewable EnergySolar

Description

Polycab India Limited manufactures and sells wires and cables. Business Segments The company operates through business segments: Wires and Cables, Fast-Moving Electrical Goods (FMEG), and Others. Wires and Cables This segment is the backbone of t…

Analysis

Hope premium

Polycab India Limited carries what we call a hope premium: an average business trading at an ambitious price. One caution: reported profits have recently run ahead of actual cash, which we track closely.

The price is expensive. You pay 83.6× its owner earnings: the cash an owner could take out each year, which is in the historically expensive zone. At today's price, the market is assuming roughly 26% yearly growth; analysts expect 20%. The gap between price and consensus is worth watching: demanding expectations.

The trajectory is moderate and the balance sheet is sturdy. The company scores 16/20 on our value-creation score: strong value creator.

What to watch: Some accounting patterns deserve a closer look. Reported profits have run ahead of actual cash for several periods. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
69
2023202420252026

All-time high

91

Jan 2023

All-time low

69

Jun 2026

Average rank

79

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
23
29
26
31
Price/Earnings
19
22
22
24
Price/Book
5
17
10
24
Dividend Yield
71
32
23
20
Value (overall)
23
17
17
25

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →