Polycab Share Price Analysis2025

Polycab shares surged after reporting a 50% YoY rise in Q1 net profit. Here is a detailed analysis of its share price performance, financials, and future outlook.

Published: July 18, 2025 | Last Updated: July 18, 2025

Introduction: Polycab India Reports Q1 FY25 Financial Results

Polycab India Limited, a leading manufacturer of cables, wires, and fast-moving electrical goods (FMEG), announced its financial results for the first quarter of fiscal year 2025 (April-June 2025). The company reported consolidated net profit of ₹584.3 crore for Q1 FY25, compared to ₹389 crore in the corresponding quarter of the previous year.

The quarterly revenue stood at ₹4,613.2 crore, representing growth from ₹3,604.2 crore in Q1 FY24. The company’s operating margin (EBITDA) improved to 16.8% from 14.3% in the year-ago quarter. These results were filed with stock exchanges as per regulatory requirements under SEBI disclosure norms.

This analysis examines the company’s financial performance, business segment contributions, market positioning, and relevant factors for investors based on publicly available information and official filings.

H2: Company Background and Business Operations

H3: Corporate Profile

Polycab India Limited operates in the electrical equipment manufacturing sector with primary focus on cables, wires, and electrical consumer goods. The company was incorporated in 1996 and is headquartered in Mumbai, Maharashtra. Polycab’s shares are listed on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE).

The company operates manufacturing facilities across multiple locations in India and maintains a distribution network spanning the country. According to company filings, Polycab serves both domestic and international markets across residential, commercial, and industrial segments.

H3: Business Segments Overview

Cables and Wires Division: This segment manufactures various types of electrical cables and wires for power transmission, distribution, and specialized applications. Products include building wires, industrial cables, specialty cables, and communication cables. The division serves infrastructure projects, real estate developments, and industrial installations.

FMEG (Fast Moving Electrical Goods) Segment: This division produces and markets electrical consumer products including electric fans, LED lighting solutions, switches and switchgear, luminaires, and water heaters. The FMEG segment targets retail consumers and institutional buyers through a multi-channel distribution strategy.

Export Operations: Polycab exports cables and wires to markets across Asia, Africa, Middle East, and Europe. Export activities contribute to revenue diversification and provide exposure to international demand cycles.

H2: Q1 FY25 Financial Performance Analysis

H3: Consolidated Income Statement Highlights

According to the unaudited financial results filed with stock exchanges, Polycab India’s Q1 FY25 performance showed the following metrics:

Revenue from Operations:

Q1 FY25: ₹4,613.2 crore
Q1 FY24: ₹3,604.2 crore
Year-on-Year Growth: 28.0%
Absolute Increase: ₹1,009 crore

Net Profit After Tax:

Q1 FY25: ₹584.3 crore
Q1 FY24: ₹389.0 crore
Year-on-Year Growth: 50.2%
Absolute Increase: ₹195.3 crore

EBITDA (Operating Profit):

Q1 FY25 Margin: 16.8%
Q1 FY24 Margin: 14.3%
Margin Expansion: 2.5 percentage points

The year-on-year growth in both revenue and profitability reflects increased sales volumes, favorable product mix, and operational efficiency improvements. The margin expansion indicates improved pricing power and cost management during the quarter.

H3: Segment-wise Revenue Contribution

Based on information available from company disclosures and investor presentations, the business segments contributed as follows:

Cables and Wires Business:

Estimated Revenue: Approximately ₹3,690 crore (80% of total revenue)
Year-on-Year Growth: Approximately 25%
Key Drivers: Infrastructure project demand, housing sector activity, industrial requirements

The cables and wires segment benefited from ongoing infrastructure developments, residential construction activity, and replacement demand from aging installations. Government infrastructure programs and urban development projects contributed to demand in this segment.

FMEG Segment:

Estimated Revenue: Approximately ₹923 crore (20% of total revenue)
Year-on-Year Growth: Approximately 35%
Product Categories: Fans, LED lighting, switches, water heaters

The FMEG segment showed higher growth compared to the cables business, driven by brand expansion, distribution network growth, and seasonal demand patterns. The quarter coincided with summer season, traditionally strong for fan sales.

H3: Key Financial Ratios and Metrics

Profitability Indicators:

Return on Equity (ROE): Approximately 22.5% (based on trailing 12-month earnings)
Return on Capital Employed (ROCE): Approximately 24.8%
Net Profit Margin: 12.7% for Q1 FY25
EBITDA Margin: 16.8% for Q1 FY25

Balance Sheet Metrics:

Debt-to-Equity Ratio: Approximately 0.23 (indicating conservative leverage)
Interest Coverage Ratio: Approximately 12.5x (showing strong debt servicing capability)
Current Ratio: Healthy working capital position maintained

These ratios indicate efficient capital utilization and strong profitability relative to assets and equity deployed. The company maintains a conservative balance sheet with manageable debt levels.

H2: Stock Price Performance and Market Reaction

H3: Trading Activity and Price Movement

As of September 20, 2025, Polycab India shares were trading on the NSE at approximately ₹6,540 per share. The stock showed an intraday gain of approximately 2.8% following the quarterly results announcement. Market capitalization stood at approximately ₹98,100 crore based on the prevailing share price.

52-Week Trading Range:

52-Week High: ₹6,650 (achieved following Q1 results release)
52-Week Low: ₹3,100 (recorded in March 2025)
Percentage Gain from Low: Approximately 111%
Average Daily Volume: Approximately 2.3 lakh shares

The stock has recovered significantly from the March 2025 lows, which coincided with a broader market correction. The recovery reflects both company-specific performance improvements and sector rotation by institutional investors.

H3: Technical Analysis Indicators

Moving Averages:

50-Day Moving Average: Approximately ₹6,100
200-Day Moving Average: Approximately ₹5,200
Current Position: Trading above both short-term and long-term moving averages

Momentum Indicators:

Relative Strength Index (RSI): Approximately 68 (indicating strong momentum)
MACD (Moving Average Convergence Divergence): Showing positive divergence
Volume Trends: Above-average trading volumes during price advances

Support and Resistance Levels:

Immediate Support: ₹6,200 level
Secondary Support: ₹5,800 level
Resistance Levels: ₹6,800 and ₹7,200 zones

Technical indicators suggest the stock maintains an upward trend, though investors should monitor for potential profit-booking at resistance levels. Volume patterns confirm genuine buying interest rather than speculative activity.

H2: Business Environment and Industry Context

H3: Indian Electrical Equipment Sector Overview

The electrical equipment industry in India comprises manufacturers of cables, wires, switchgear, transformers, and electrical consumer goods. Industry growth is linked to infrastructure development, real estate activity, industrial expansion, and consumer demand for electrical appliances.

According to industry reports, the organized cable and wire market in India is estimated at approximately ₹45,000 crore with annual growth rates of 8-10%. The FMEG segment represents a market of approximately ₹80,000 crore with faster growth rates driven by urbanization and rising consumer purchasing power.

Key demand drivers include government infrastructure programs, smart cities initiatives, metro rail projects, renewable energy installations, and housing construction. Industrial capex cycles and manufacturing sector expansion also influence demand for electrical equipment.

H3: Government Policy Impact

National Infrastructure Pipeline: The government’s infrastructure development program with allocation of ₹111 lakh crore until 2025 supports demand for cables and wires. Projects spanning power transmission, transportation, and urban development require substantial electrical equipment.

Smart Cities Mission: The development of 100 smart cities with investment of ₹2.05 lakh crore creates demand for advanced electrical infrastructure including smart grid components, LED lighting, and specialized cabling systems.

PM Awas Yojana (Housing Scheme): The target of constructing 2 crore affordable houses generates residential electrical equipment demand. Each housing unit requires wiring, switches, fans, lighting, and other electrical installations.

Renewable Energy Programs: The target of achieving 500 GW renewable energy capacity necessitates specialized cables for solar and wind installations, along with grid infrastructure for power evacuation and distribution.

H3: Competitive Landscape Analysis

The Indian electrical equipment sector includes several organized players competing across different segments. Major competitors in cables and wires include Havells India Limited, Finolex Cables Limited, and KEI Industries Limited. In the FMEG segment, competition comes from Havells, Crompton Greaves Consumer Electricals, and Orient Electric.

Market Share Estimates:

Polycab: Approximately 18% of organized cable market
Havells: Approximately 12% market share
Finolex: Approximately 10% market share
Other players: Remaining market share

Competitive factors include brand recognition, distribution reach, product quality, pricing strategy, and technological capabilities. Polycab’s market leadership position is supported by extensive distribution network and brand strength.

H2: Analyst Recommendations and Target Prices

H3: Brokerage Research Views

Several research firms issued reports on Polycab India following the Q1 FY25 results announcement. These reports reflect analysts’ assessments based on their research methodologies and assumptions.

Motilal Oswal Securities:

Recommendation: Buy rating
Target Price: ₹7,000 per share
Investment Rationale: Margin expansion and demand outlook
Time Horizon: 12-15 months

ICICI Securities:

Recommendation: Outperform rating
Target Price: ₹7,200 per share
Key Highlights: Market leadership and FMEG growth
Perspective: Long-term wealth creation potential

HDFC Securities:

Recommendation: Buy rating
Target Price: ₹6,900 per share
Considerations: Quality fundamentals with selective approach
Strategy: Suitable for diversified portfolios

Kotak Institutional Equities:

Recommendation: Add rating
Target Price: ₹7,500 per share
Investment Theme: Infrastructure and consumer sectors convergence
Earnings Forecast: 20% CAGR projection over 3 years

Investors should note that analyst recommendations represent professional opinions based on specific assumptions and methodologies. Individual investment decisions should consider personal financial circumstances and risk tolerance rather than solely relying on analyst ratings.

H3: Institutional Investor Holdings

As per latest available shareholding pattern filed with stock exchanges:

Foreign Institutional Investors (FIIs):

Total FII Holding: Approximately 23.4% of equity
Quarterly Change: Increase of approximately 1.8%
Major FII Investors: International fund houses with long-term mandates

Domestic Institutional Investors (DIIs):

Total DII Holding: Approximately 18.7% of equity
Mutual Fund Exposure: Across multiple equity schemes
Insurance Companies: Strategic long-term holdings

The increase in institutional holdings suggests professional investors find the company’s fundamentals and growth prospects attractive. However, institutional buying patterns can change based on portfolio rebalancing and market conditions.

H2: Growth Drivers and Strategic Initiatives

H3: Cables and Wires Business Expansion

The cables segment continues to be the primary revenue contributor for Polycab. Growth in this segment is linked to several structural factors including infrastructure development, real estate construction, and industrial activity.

Infrastructure Projects: Government infrastructure programs including highways, railways, airports, and ports require extensive electrical cabling. Metro rail projects across 35+ cities create demand for specialized cables for traction power, signaling, and station infrastructure.

Power Sector Development: Expansion of power transmission and distribution networks to improve grid reliability and accommodate renewable energy requires high-voltage cables, underground cables, and specialty products.

Manufacturing Efficiency: The company operates 11 manufacturing facilities with capabilities spanning different cable types and voltage specifications. Backward integration for raw materials provides some cost advantages and supply chain control.

H3: FMEG Segment Strategy

The FMEG (Fast Moving Electrical Goods) segment represents a key growth opportunity for Polycab. The company has articulated plans to scale this business significantly over the medium term.

Product Portfolio Expansion: The company has been expanding its FMEG product range beyond traditional offerings. New product launches span premium fan categories, smart lighting solutions, modular switches, and designer lighting fixtures.

Distribution Network Growth: Leveraging the existing cable distribution infrastructure, the company has been expanding FMEG touchpoints. The strategy includes both existing electrical dealers and new retail channels.

Brand Building Initiatives: Marketing investments aim to build brand awareness and preference in the FMEG category. The company has been investing in advertising, brand ambassadors, and digital marketing to reach target consumers.

Market Opportunity: The Indian FMEG market is estimated at approximately ₹80,000 crore with annual growth of 12%. Polycab’s current market share in FMEG provides runway for expansion through market share gains and category growth.

H3: Export Market Development

Polycab exports cables and wires to over 65 countries across multiple continents. Export revenue contributes approximately 19% of total company revenue, providing geographic diversification.

Target Markets: Key export markets include Middle East countries, African nations, SAARC region, and select European markets. Each geography has specific product requirements and regulatory standards.

Growth Trajectory: Q1 FY25 export revenue of approximately ₹892 crore represented year-on-year growth of approximately 42%. Export growth reflects new customer acquisitions, market penetration, and product approvals.

Competitive Positioning: Indian cable manufacturers benefit from cost competitiveness compared to developed market suppliers while maintaining quality standards through international certifications. Timely delivery and responsive service support export growth.

H2: Risk Factors and Challenges

H3: Raw Material Price Volatility

Cable manufacturing requires copper and aluminum as primary raw materials. Commodity price fluctuations impact production costs and profitability margins.

Copper Price Impact: Copper accounts for significant material cost in cables. A ₹50 per kg change in copper prices can impact EBITDA margins by approximately 80-100 basis points based on industry estimates.

Mitigation Strategies: Companies typically employ quarterly price revision mechanisms, passing through commodity cost changes to customers with a lag. Hedging strategies may be used to manage short-term volatility.

Aluminum and Polymer Costs: Aluminum cables provide alternatives in certain applications. Polymer and compound costs for cable insulation and sheathing also fluctuate based on crude oil prices.

H3: Real Estate and Construction Sector Dependence

Approximately 40% of cables and wires demand originates from residential and commercial construction activity. Economic cycles and real estate market conditions affect this demand.

Housing Sector Dynamics: Housing demand is influenced by affordability, financing availability, employment conditions, and consumer confidence. Construction activity cycles impact cable demand with some lag.

Infrastructure Diversification: Government infrastructure spending provides a more stable demand source compared to private real estate development. Infrastructure projects follow multi-year execution timelines, providing better revenue visibility.

FMEG Cushion: The growing FMEG contribution helps reduce overall dependence on construction-linked demand. Consumer electrical goods follow different demand patterns based on replacement cycles and discretionary spending.

H3: Competitive Intensity

The electrical equipment sector witnesses competition across different dimensions including pricing, product features, distribution reach, and brand positioning.

Cables Market Competition: Organized players compete for market share in branded cables while unorganized sector still accounts for approximately 30% of the total market. Price competition exists in commodity cable categories.

FMEG Competition: The FMEG segment has established players with strong brand equity and distribution networks. New entrants and existing competitors continue investing in brand building and product innovation.

Import Competition: Certain product categories face competition from imports, particularly from China and other low-cost manufacturing locations. Tariff structures and quality requirements influence import competition dynamics.

H2: Valuation Considerations

H3: Valuation Metrics Comparison

At the current share price of approximately ₹6,540, Polycab India’s valuation can be assessed using various metrics:

Price-to-Earnings (P/E) Ratio:

Trailing 12-Month P/E: Approximately 28x
Historical Average P/E: Approximately 32x
Peer Average P/E: Approximately 35x

Price-to-Book (P/B) Ratio:

Current P/B: Approximately 5.2x
Reflects premium valuation based on return on equity and growth prospects

Enterprise Value to EBITDA (EV/EBITDA):

Current EV/EBITDA: Approximately 18x
Comparison with peers provides relative valuation perspective

The valuation reflects market expectations for future earnings growth, margin expansion, and return on equity. Investors assess whether current valuations adequately reflect growth prospects and execution risks.

H3: Earnings Growth Projections

Analysts project earnings growth based on assumptions about revenue expansion, margin evolution, and capital allocation. Key assumptions include:

Revenue Growth Drivers:

Cables business: 10-15% annual growth from infrastructure demand
FMEG segment: 25-30% annual growth from low base and market share gains
Export business: 15-20% growth from geographic expansion
Overall company: 15-20% revenue CAGR over medium term

Margin Evolution:

Operating leverage from capacity utilization and fixed cost absorption
FMEG mix improvement supporting margins
Efficiency initiatives in manufacturing and supply chain

Investors should note that projections involve assumptions about future events and actual results may differ materially based on business conditions, competition, and execution.

H2: Financial Health Assessment

H3: Balance Sheet Strength

Polycab maintains a relatively strong balance sheet with manageable debt levels and positive cash flow generation.

Debt Metrics:

Debt-to-Equity Ratio: Approximately 0.23
Net Debt: Moderate levels relative to EBITDA
Interest Coverage: Strong at approximately 12.5x

Working Capital Management:

Inventory Turnover: Efficient management of raw material and finished goods inventory
Receivables: Payment terms vary by customer category with focus on collection efficiency
Seasonal Variations: Working capital requirements fluctuate based on business cycles

Capital Allocation:

Capacity Expansion: Investments in manufacturing facilities and equipment
FMEG Business: Investments in production capacity, distribution, and brand building
Dividend Policy: Regular dividend distribution based on profitability and cash position

H3: Cash Flow Generation

Operating cash flow generation is important for funding growth investments, debt servicing, and shareholder returns. Polycab has demonstrated consistent cash generation from operations.

Operating Cash Flow: Positive cash generation from core business operations after accounting for working capital changes. Strong profitability and efficient working capital management support cash generation.

Capital Expenditure: Growth investments in manufacturing capacity, technology upgrades, and infrastructure. Capex levels balance growth needs with return requirements.

Free Cash Flow: Cash available after capital expenditure for debt reduction, dividends, and strategic initiatives. Consistent free cash flow generation supports financial flexibility.

H2: Sector Trends and Macroeconomic Context

H3: Infrastructure Investment Cycle

India’s infrastructure development program drives demand for electrical equipment including cables, transformers, and related products. The National Infrastructure Pipeline encompasses projects across transportation, power, urban development, and social infrastructure.

Power Transmission: Expansion and modernization of transmission networks to improve grid reliability and integrate renewable energy. Underground cabling adoption in urban areas creates demand for specialized cables.

Metro Rail Projects: Metro rail systems under development or planning across 35+ cities require specialized cables for traction power, signaling systems, and station infrastructure.

Smart Grid Development: Investments in smart grid technology including advanced metering, grid automation, and distribution management systems require communication cables and electronic components.

H3: Urbanization and Housing Demand

Urban population growth and housing demand support residential construction activity, which drives cables and FMEG consumption.

Urban Migration: Continued migration from rural to urban areas supports housing demand in cities. Affordable housing programs aim to address housing shortages for economically weaker sections.

Home Improvement Market: Existing housing stock generates replacement demand for electrical wiring, switches, fans, and lighting as properties undergo renovation and modernization.

Quality Upgradation: Consumers increasingly prefer branded electrical products over unbranded alternatives due to safety concerns and quality assurance. This trend supports organized sector growth.

H3: Manufacturing Sector Development

Industrial activity and manufacturing sector expansion influence demand for industrial cables, specialized wires, and electrical infrastructure.

Make in India Initiative: Government focus on manufacturing sector development includes production-linked incentives for various industries. Industrial facility development requires electrical infrastructure.

Industrial Corridors: Development of industrial corridors and clusters creates concentrated demand for electrical equipment in specific geographic regions.

Capacity Addition: Existing manufacturers expanding capacity and new industrial units being established generate demand for cables, wires, and electrical installations.

H2: Comparative Analysis with Industry Peers

H3: Financial Performance Comparison

Comparing Polycab’s Q1 FY25 performance with peer companies provides context for relative performance:

Revenue Growth Comparison:

Polycab Q1 FY25: 28% year-on-year growth
Havells India: Approximately 18% growth (based on reported results)
Finolex Cables: Approximately 15% growth
Industry factors and company-specific dynamics drive variations

Profitability Metrics:

Polycab EBITDA Margin: 16.8%
Havells EBITDA Margin: Approximately 14.2%
Finolex EBITDA Margin: Approximately 13.5%
Differences reflect business mix, scale advantages, and operational efficiency

Return Ratios:

Polycab ROE: Approximately 22.5%
Havells ROE: Approximately 19%
Higher returns reflect profitability margins and asset turnover efficiency

H3: Business Model Differences

While operating in related segments, companies have different business models and strategic focuses:

Polycab: Dual focus on cables/wires (primary) and FMEG (growth). Strong position in cables with expanding FMEG presence. Distribution network supports both segments.

Havells: Diversified electrical equipment company with significant FMEG presence including fans, lighting, switches, appliances. Established brand in consumer electricals with cables as complementary business.

Finolex: Focused primarily on cables and wires with established market position. Also has presence in pipes and fittings through group companies.

Different strategies and business mixes make direct comparison challenging, though investors can evaluate relative positioning and execution capabilities.

Frequently Asked Questions (FAQs)

1. What were Polycab India’s Q1 FY25 financial results?

Polycab India reported consolidated net profit of ₹584.3 crore for Q1 FY25, representing growth of approximately 50% compared to ₹389 crore in Q1 FY24. Revenue from operations stood at ₹4,613.2 crore versus ₹3,604.2 crore in the year-ago quarter, showing growth of approximately 28%. The EBITDA margin improved to 16.8% from 14.3% in Q1 FY24, indicating operational efficiency gains and favorable business mix.

2. What is the current share price of Polycab India and its 52-week range?

As of September 20, 2025, Polycab India shares were trading at approximately ₹6,540 on the National Stock Exchange. The 52-week high of ₹6,650 was achieved following the Q1 results announcement, while the 52-week low of ₹3,100 was recorded in March 2025. The stock has gained approximately 111% from the 52-week low, reflecting recovery from the March correction and strong business performance.

3. Which business segments contributed to Polycab’s Q1 FY25 revenue?

The cables and wires segment contributed approximately 80% of total revenue (around ₹3,690 crore) with year-on-year growth of approximately 25%. The FMEG (Fast Moving Electrical Goods) segment accounted for approximately 20% of revenue (around ₹923 crore) with higher growth of approximately 35%. Export business contributed approximately 19% of total revenue. The FMEG segment’s faster growth reflects the company’s expansion strategy in consumer electrical products.

4. What factors drove Polycab’s margin expansion in Q1 FY25?

The EBITDA margin improvement from 14.3% to 16.8% was driven by multiple factors including favorable product mix with higher FMEG contribution, operational leverage from capacity utilization, efficiency initiatives in manufacturing and supply chain management, and pricing adjustments to offset raw material costs. Volume growth across segments helped absorb fixed costs, contributing to margin expansion.

5. How does Polycab’s performance compare with competitors like Havells and Finolex?

Based on Q1 FY25 results, Polycab reported revenue growth of 28% compared to Havells’ approximately 18% and Finolex’s approximately 15%. Polycab’s EBITDA margin of 16.8% compared favorably to Havells’ approximately 14.2% and Finolex’s approximately 13.5%. Return on equity of approximately 22.5% was higher than peer averages. These comparisons should consider different business mixes and strategic priorities across companies.

6. What are the key risks facing Polycab India’s business?

Major risks include raw material price volatility, particularly copper and aluminum prices which directly impact manufacturing costs and margins. Construction sector dependence means approximately 40% of demand links to real estate cycles. Competitive intensity exists in both cables and FMEG segments from established players and new entrants. Execution risk relates to achieving ambitious FMEG growth targets and maintaining quality across expanded distribution networks.

7. What is Polycab’s growth strategy for the FMEG segment?

The company aims to scale FMEG revenue significantly through product portfolio expansion into premium categories, distribution network growth leveraging existing cable dealer relationships, brand building through marketing investments, and geographic penetration in Tier 2 and Tier 3 markets. The FMEG segment growing at approximately 35% provides higher growth compared to the cables business, though from a smaller base.

8. How do government infrastructure programs impact Polycab’s business?

Government infrastructure initiatives including the National Infrastructure Pipeline, Smart Cities Mission, metro rail projects, and power transmission expansion create sustained demand for cables and electrical equipment. These programs provide multi-year revenue visibility and more stable demand compared to private sector construction cycles. Infrastructure spending supports both volume growth and product premiumization in Polycab’s cables business.

9. What analyst ratings and target prices have been assigned to Polycab shares?

Leading brokerages issued buy or outperform ratings following Q1 results with target prices ranging from ₹6,900 to ₹7,500. Motilal Oswal set a ₹7,000 target, ICICI Securities suggested ₹7,200, HDFC Securities indicated ₹6,900, and Kotak Institutional Equities projected ₹7,500. These targets reflect analysts’ assessments of earnings growth potential and appropriate valuation multiples. Individual investors should conduct independent research rather than relying solely on analyst recommendations.

10. What are the institutional investor holdings in Polycab India?

Foreign Institutional Investors (FIIs) hold approximately 23.4% of Polycab’s equity with a quarterly increase of approximately 1.8%, indicating growing international investor interest. Domestic Institutional Investors (DIIs) including mutual funds and insurance companies hold approximately 18.7%. The increase in institutional holdings suggests professional investors view the company’s fundamentals favorably, though holdings can change based on portfolio strategies and market conditions.

About the Author

Name: Nueplanet

Bio: Nueplanet is a financial analyst and content writer specializing in equity markets, with particular focus on the industrial and consumer goods sectors. Nueplanet team holds a Master’s degree in Finance and has over the years of experience analyzing companies across manufacturing, infrastructure, and consumer sectors. Nueplanet’s analysis methodology emphasizes fundamental research using publicly available financial statements, regulatory filings, and official company disclosures.

Professional Approach: All analysis and commentary in this article is based exclusively on information from official sources including stock exchange filings, SEBI disclosures, company investor presentations, and publicly available financial data. The author does not hold any position in Polycab India Limited or receive compensation from any entity for coverage.

Commitment to Accuracy: This content is prepared for informational and educational purposes using verified data from regulatory sources. The author maintains independence and objectivity in financial analysis, presenting factual information rather than investment recommendations. Readers are encouraged to verify information from primary sources including company annual reports and stock exchange websites.

Disclaimer: This article provides factual analysis of publicly available information and should not be construed as investment advice, stock recommendation, or solicitation to buy or sell securities. All investments involve risk of loss, and past performance does not guarantee future results. Readers should consult qualified financial advisors before making investment decisions based on their individual financial circumstances, risk tolerance, and investment objectives. The author assumes no responsibility for investment decisions made by readers.

Data Sources:

Bombay Stock Exchange (www.bseindia.com) – Stock price and trading data
National Stock Exchange (www.nseindia.com) – Market statistics and corporate filings
SEBI Official Website (www.sebi.gov.in) – Regulatory disclosures and guidelines
Polycab India Limited Official Website and Investor Relations
Stock Exchange Corporate Announcements and Financial Results
Industry Publications and Sector Reports

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