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POLYCAB INDIA
PE (Price/Earnings) Ratio

The Current P/E Ratio of POLYCAB INDIA is 46.42.

Share Price ₹7,685.0Nov 19,2025
Market Cap ₹115,659.3 Cr
Earnings-TTM₹2,491.4 CrTTM-Consolidated Results
Price/Earnings46.42xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of POLYCAB INDIA

Price-to-Earnings ratio, P/E Multiple, or P/E Ratio is an important valuation multiple that is defined as:

P/E = Market Capitalization / Net Income

or, using per-share numbers:

P/E = Stock Price / Earnings Per Share (EPS)

Applying the above formula, P/E ratio of POLYCAB INDIA is calculated as :

Current Market Cap [ ₹115,659.3 Cr] as on Nov 19,2025

(/) Earnings [ ₹2,491.4 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 46.42x ]

P/E Ratio indicates the multiple of earnings investors are willing to pay to own one share of the company.

Thus, for POLYCAB INDIA , the investors are currently willing to pay 46.42 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 latest p/e ratio is 46.42x.

- 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 RatioMarket Cap
POLYCAB INDIA 2,491.3646.42115,659.3
KEI INDUSTRIES LTD790.6149.8539,415.2
FINOLEX CABLES LTD528.9522.3611,827.6
RR KABEL LTD400.5938.4615,407.8
STERLITE TECHNOLOGIES LTD-4.00-1,371.335,485.3
PRECISION WIRES INDIA LTD111.2442.004,671.6
PARAMOUNT COMMUNICATIONS LTD73.0916.941,238.1
UNIVERSAL CABLES LTD73.7343.213,185.7
DYNAMIC CABLES LTD77.2122.741,755.4
DELTON CABLES LTD18.3732.71600.9
BIRLA CABLE LTD5.0088.87444.5

Cable Industry Benchmark (Top 10) PE Analysis vs POLYCAB INDIA 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE -1,371.33x
Max industry PE 88.87x
Median industry PE 38.46x
Average industry PE -87.98x



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