Capital GoodsLarge capRs 135,059 crRs 234.3 cr traded a dayManufacturing
Close on 2026-08-21
8,966.00
−1.74%
52-week range67% of the way up
6,722.0010,083.00
Market cap
135,059 cr
P/E (TTM)
46.5×
industry 52×
EPS (TTM)
192.88
Revenue YoY
+39.0%
Q1 FY27
Profit YoY
+32.8%
Net margin
9.7%
-0.5pt vs a year ago
Growth trend
+12.1pt
vs last quarter’s YoY
1 month
+0.3%
Below 52w high
12.5%
RSI (14)
47
Daily swing
1.9%
average true range
Volume
1.2×
vs 20-day average
Traded
Rs 234 cr
median day
Close200-day averageMaterial filing
260 sessions · hover for the filing behind a move
1 week
−2.97%
1 month
+0.35%
3 months
−6.74%
6 months
+5.41%
1 year
+24.90%
The read
written from the numbers on this page
The evidence leans constructive5 supporting, 1 against, 1 worth knowing
Supporting
trading 9% above its 200-day average
up 25% over twelve months
3 independent kinds of evidence agree today, which is uncommon
revenue grew 39% year on year in the quarter ending 2026-06-30
futures show a long buildup — the move is being funded by new positions
Against
net margin has narrowed from 10.7% to 9.7% across four quarters
Worth knowing
the 50-day and 200-day averages disagree, which usually means a turn in progress rather than a trend to lean on
POLYCAB sits in Manufacturing — worth checking whether the whole group is moving together or whether this name is doing it alone.
What would change this read: a close below 8,252, its 200-day average; open interest reversing while price keeps going.
Assembled automatically from the figures on this page — the scans matched, their measured record, the filed financials, the derivatives positioning and the peer comparison. It is not a recommendation, no one has spoken to the company, and every claim above can be checked against a number further down this page.
What is working, what is not
read from the filings, with the figure behind every line
Working3
Revenue +39.0% year on year, Rs 5,906 cr to Rs 8,210 cr.
+39.0%Rs 5,906 crRs 8,210 cr
Net profit +32.8% year on year, Rs 600 cr to Rs 797 cr.
+32.8%Rs 600 crRs 797 cr
Profit rose year on year in all 4 of the last 4 quarters.
4
Needs watching1
Wires and Cables is 87% of revenue, so the business rests on one segment.
Wires and Cables87%
Every figure here is computed from the company’s own filings. The wording is generated directly from the figures.
How it has performed
price return over each window, measured against zero
What the scans say today
9 of 47 matched on 2026-08-21
POLYCAB matches 9 of the 47 scans today, across 3 different kinds of evidence. Three or more independent families agreeing is uncommon — it is the same test the shortlist on every page uses.
segments and revenue mix, as the company reports them
POLYCAB reports 3 business segments. The largest is Wires and Cables at 87% of revenue in the quarter ending 2026-06-30. On these numbers this is effectively a single-segment business, so the group result and that segment’s result move together.
SegmentRevenueSharevs a year ago
Wires and Cables7,202 cr87.1%—
FMEG761 cr9.2%—
EPC308 cr3.7%—
Segment names are the company’s own, taken verbatim from the reportable-segment disclosure in its quarterly XBRL filing. Nothing on this page describes the business in words we wrote.
Quality of the business
balance sheet as at 2026-03-31
Return on equity
24.2%
trailing profit over shareholders’ funds
Return on capital
31.9%
pre-tax profit over equity plus borrowings
Debt to equity
0.01×
132 cr borrowed against 12,009 cr of equity
Net debt
258 cr
cash exceeds borrowings
Cash conversion
131%
operating cash flow as a share of profit
Receivable days
44
how long customers take to pay
Return on capital uses profit before tax over equity plus borrowings. The textbook version adds finance costs back; those are not tagged reliably in quarterly filings, so this understates the ratio for a heavily borrowed company rather than flattering it. Balance sheets are filed half-yearly, so these can be up to six months behind the profit figures above.
Valuation against its own history
500 sessions since 2024-09-06
40×
median 47×
61×
now 46×
POLYCAB trades at 46× trailing earnings, close to its median of 47× over this window. The band runs from the 5th to the 95th percentile, so single-day spikes do not set the edges.
This window is short by the standards of valuation history — it begins where four quarters of filed earnings first exist. A stock can look cheap against two years and expensive against ten.
Other filing filings were typically -0.08pt vs the market over the next 5 sessions (n=12,093) · Analyst call filings were typically +0.14pt vs the market over the next 5 sessions (n=3,352)
The business
from the company’s filed results
Everything below is taken from the company’s own quarterly filing with the exchange — the XBRL document it submitted, not a vendor’s summary of it. Figures in rupees crore.
RevenueNet profit, drawn inside its revenue barNet margin, own scale belowrupees crore, per quarter as filed. Revenue bars start at zero.
Going for it
revenue grew 39% against the same quarter a year earlier
profit rose 33% year on year
net margin widened from 8.9% to 9.7%
revenue rose in 3 of the last 4 quarters
Going against it
nothing clear in the filed numbers
Quarter-by-quarter numbers, as filed
Quarter
Revenue
Profit before tax
Net profit
EPS
Net margin
Q1 FY27
2026-06-30 · consolidated
8,210
1,058
797
52.09
9.7%
Q4 FY26
2026-03-31 · consolidated
8,864
1,049
786
52.18
8.9%
Q3 FY26
2025-12-31 · consolidated
7,636
842
630
41.30
8.3%
Q2 FY26
2025-09-30 · consolidated
6,477
921
693
45.54
10.7%
Q1 FY26
2025-06-30 · consolidated
5,906
801
600
39.36
10.2%
Q4 FY25
2025-03-31 · consolidated
6,986
961
734
48.31
10.5%
Quarterly filings are unaudited unless stated. Consolidated figures are used where the company files both. A single quarter is a noisy thing — the trend across the column is worth more than the top row.
Where the price stands
the same figures every scan on this site is computed from
Trend
Distance from the averages traders watch. Above all of them is a bull phase; below the 200-day is the line most investors use to say otherwise.
Versus 50-day average-4.0%
Versus 200-day average+8.6%
Below 52-week high-11.1%
Above 52-week low+33.4%
Momentum
How hard it has been pushed lately. Above 70 on RSI is stretched, below 30 is washed out — neither is a signal on its own.
RSI (14)47.5
Higher closes in last 52 of 5
Six-month return+5.41%
Risk and liquidity
What a position costs to hold and to exit. Position sizing starts with the daily swing, not with conviction.
Typical daily swing (ATR)1.90%
Volume versus 20-day1.2x
Median daily turnoverRs 234.3 cr
Derivatives
near expiry 2026-08-25 · 2026-08-20
Long Buildup
Price up, open interest up. New buyers are arriving rather than old sellers leaving — the move is being funded, not squeezed.
Futures basis versus spot+0.20%
Open interest change+0.8%
Put / call ratio0.57
Put wall (support)9,000
Call wall (resistance)9,500
Max pain9,100
How to read this
Open interest is contracts still open, so a rise means new positions and a fall means positions closing. Combined with price direction that gives the state on the left. The walls are the strikes carrying the most open interest near expiry — levels other people are watching, not levels the price is obliged to respect. A future below spot means sellers are paying to be short.
Peers
Capital Goods · 107 classified companies
POLYCAB trades at 46.5× trailing earnings against an industry median of 52.1× across 102 other classified companies in its industry — priced roughly in line with them. A multiple is a statement about expectations, not about quality: cheap usually means the market expects less, and it is often right.
largest twelve by market capitalisation. Market cap and P/E need filed financials, so blanks are companies whose filings have not been read yet
Recent sessions
what this stock has matched since the engine went live
This is the live record, not the backtest — the scans this stock actually appeared in on each stored session. A name that keeps reappearing is in a persistent condition; a one-day appearance usually is not.