Polycab India Ltd. is one of India’s leading electrical companies. It was founded on 10 January 1996 and is headquartered in Mumbai. The company’s main business is the manufacture and distribution of electrical cables used for industrial, domestic and infrastructure projects. Polycab offers high-quality products to customers in India and worldwide.
Polycab is a manufacturer of many electrical items, including switches, fans and LED lights. They also manufacture solar inverters. This company has expanded its business to fast-moving goods. The company manufactures everyday appliances and electrical equipment for offices and homes. Polycab also has a global presence and exports its products to over 78 countries. Polycab is growing by expanding its product lines and upgrading its technology.
Polycab is a reputable company with good profits and low debt. It has a large market and sells a variety of electrical products. The price of its shares changes according to demand, past performance and market trends. Tomorrow’s price could fluctuate in response to investor interest, industry trends and general market conditions.
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Polycab wants to grow in the wire and cable sector, which generates the majority of the company’s revenue. By 2025, Polycab intends to put more emphasis on energy-saving products and originally developed renewable energy technologies. The addition of smart grids and electric vehicles, as well as the FMEG category, will expand the product portfolio and contribute positively to the financial performance. Our analysis shows that the share price is expected to be between Rs 4800 and 9400.
Year
Minimum Price
Maximum Price
2025
₹4,800
₹9,400
Month (2025)
Minimum Target
Maximum Target
January
₹4,800
₹5,200
February
₹5,000
₹5,400
March
₹5,200
₹5,700
April
₹5,400
₹6,000
May
₹5,600
₹6,300
June
₹5,900
₹6,600
July
₹6,200
₹7,000
August
₹6,500
₹7,300
September
₹6,800
₹7,600
October
₹7,100
₹7,900
November
₹7,400
₹8,200
December
₹7,800
₹8,500
Polycab Share Price Target 2026
With the “Project Leap” initiative, Polycab expects revenue to increase to ₹20,000 crore in 2026. Growth will be driven by the further establishment of Polycab’s overseas markets, especially in North America and the Middle East. Investments in FMEG, energy-efficient products, and infrastructure projects will significantly increase Polycab’s revenues, which will have a positive impact on the value of the share. Our analysis shows that the share price is expected to be between Rs 6500 and 9800.
Year
Minimum Price
Maximum Price
2026
₹6,500
₹9,800
Month (2026)
Minimum Target
Maximum Target
January
₹6,500
₹7,000
February
₹6,700
₹7,200
March
₹6,900
₹7,500
April
₹7,100
₹7,800
May
₹7,300
₹8,000
June
₹7,500
₹8,300
July
₹7,700
₹8,500
August
₹8,000
₹8,700
September
₹8,200
₹8,900
October
₹8,400
₹9,200
November
₹8,600
₹9,400
December
₹8,800
₹9,800
Polycab Share Price Target 2030
According to forecasts, Polycab will benefit from the expansion of renewable energy and infrastructure development by 2030. Technologies such as smart grids, electric vehicles and green technologies will be the key growth areas. A growing product range and the company’s international operations combined with continuous creativity raise high expectations for the company’s future performance, indicating a profitable investment with share appreciation. Our analysis shows that the share price is expected to be between Rs 13,500 and 17,500.
Year
Minimum Price
Maximum Price
2030
₹13,500
₹17,500
Month (2030)
Minimum Target
Maximum Target
January
₹13,500
₹14,000
February
₹13,700
₹14,300
March
₹14,000
₹14,600
April
₹14,300
₹14,900
May
₹14,600
₹15,200
June
₹14,900
₹15,600
July
₹15,200
₹15,900
August
₹15,500
₹16,200
September
₹15,800
₹16,500
October
₹16,100
₹16,800
November
₹16,400
₹17,200
December
₹16,800
₹17,500
Polycab Share Price Target 2040
Polycab will focus on increasing sales growth for electrical equipment supply to smart cities and infrastructure in addition to renewable energy, which will ensure steady growth. Investments in new technologies, such as smart grids and energy-efficient technologies, will keep the company in the game. These strong market positions will undoubtedly drive growth. Polycab’s share price will increase significantly over time. Our analysis shows that the share price is expected to be between Rs 24,500 and 28,900.
Year
Minimum Price
Maximum Price
2040
₹24,500
₹28,900
Month (2040)
Minimum Target
Maximum Target
January
₹24,500
₹25,200
February
₹24,800
₹25,600
March
₹25,100
₹26,000
April
₹25,400
₹26,400
May
₹25,800
₹26,800
June
₹26,200
₹27,200
July
₹26,600
₹27,600
August
₹27,000
₹28,000
September
₹27,400
₹28,300
October
₹27,800
₹28,500
November
₹28,200
₹28,700
December
₹28,500
₹28,900
Polycab Share Price Target 2050
In the long term, Polycab is positioned to be a major player in the field of electrical equipment and to penetrate even further into the field of renewable energy with smart technologies. Its long-term growth will be financed by investments in sustainable innovations and electric vehicles as well as infrastructure projects. The development of the share price will be significant as Polycab has a strong presence around the world, and diversification will lead to immense growth. Our analysis shows that the share price is expected to be between Rs 35,600 and 39,500.
Polycab India Ltd. has strong promoter control (63 percent) and high interest from institutional investors (FIIs at 12.76 percent). The stock receives steady support from both the public and DIIs. This could be a great buy for investors looking to invest for the long term.
Polycab India Ltd Earning Results (Financials)
Quarterly Results
Product Segments
Dec 2024
Sep 2024
Jun 2024
Mar 2024
Dec 2023
Sep 2023
Jun 2023
Mar 2023
Sales +
5,226
5,498
4,698
5,592
4,340
4,218
3,889
4,324
Expenses +
4,506
4,867
4,115
4,830
3,771
3,609
3,341
3,721
Operating Profit
720
632
583
762
570
609
549
603
OPM %
14%
11%
12%
14%
13%
14%
14%
14%
Other Income +
25
76
58
54
71
35
64
52
Interest
50
45
41
24
32
27
25
28
Depreciation
79
72
67
66
62
60
57
53
Profit before tax
617
590
533
725
546
557
530
573
Tax %
25%
25%
25%
24%
24%
23%
24%
25%
Net Profit +
464
445
402
553
417
430
403
429
EPS in Rs
30.42
29.24
26.34
36.34
27.49
28.37
26.67
28.38
Annual Results
Product Segments
Mar 2024
Mar 2023
Mar 2022
Sales +
21,014
18,039
12,204
Expenses +
18,318
15,548
10,940
Operating Profit
2,696
2,492
1,264
OPM %
13%
14%
10%
Other Income +
213
221
161
Interest
161
108
35
Depreciation
283
245
202
Profit before tax
2,466
2,359
1,188
Tax %
–
25%
23%
Net Profit +
1,865
1,803
917
EPS in Rs
122.34
118.75
60.80
Expert Forecasts On The Future Of Polycab India Ltd.
Polycab India Ltd. has recorded a steady increase in profits and sales in the last three quarters. Experts expect a rise in sales driven by growing demand for electrical products and an established market presence. Despite the challenges, the company’s strong performance, cost management and increasing market presence point to a bright future.
Is Polycab Stock Good to Buy? (Bull case & Bear case)
Bullish Case:
Steady sales growth: ₹5,226 Cr. in Dec. 2024.
Strong operating profit margin (OPM) of 14% in recent quarters.
Solid financial position with strong cash flow and reduced debt.
Future growth will be driven by demand for electrical products and infrastructure
Bearish Case:
High competition in the electrical industry.
Potential cost pressure affecting margins.
Global economic uncertainty could impact growth.
Conclusion
Polycab India Ltd. has a solid financial position and a robust growth trajectory. The company’s margins remain reasonable and the future outlook is positive, especially in view of the increasing infrastructure development in the country. However, certain threats, such as competition and the general economic environment, remain a cause for concern. All in all, it is a strong stock with a lot of potential. Still, the market situation needs to be carefully assessed before making a purchase decision.
FAQs
Polycab’s key businesses include wires and cables, FMEG (Fast-Moving Electrical Goods) and EPC (Engineering, Procurement and Construction) services.
Polycab aims to achieve a turnover of ₹20,000 crore by FY26 through its Project Leap initiative.
Polycab exports to regions such as North America, the Middle East, Europe and Australia.
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