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POLYCAB INDIA
PE (Price/Earnings) Ratio

The Current P/E Ratio of POLYCAB INDIA is 47.26.

Share Price ₹5,859.1Feb 03,2025
Market Cap ₹88,120.9 Cr
Earnings-TTM₹1,864.7 CrTTM-Consolidated Results
Price/Earnings47.26xCalculated 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 [ ₹88,120.9 Cr] as on Feb 03,2025

(/) Earnings [ ₹1,864.7 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 47.26x ]

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 47.26 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 47.26x.

- POLYCAB INDIA 's p/e ratio for fiscal years ending Mar2024 to Mar2020 averaged 30.67x.

- POLYCAB INDIA 's operated at median p/e ratio of 33.92x 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 Mar2020 of 14.55x.


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 1,864.6547.2688,120.9
KEI INDUSTRIES LTD638.4658.3837,276.0
RR KABEL LTD260.2653.9314,036.3
FINOLEX CABLES LTD457.0233.5115,316.1
STERLITE TECHNOLOGIES LTD-166.00-31.255,188.2
PRECISION WIRES INDIA LTD81.4734.352,798.7
PARAMOUNT COMMUNICATIONS LTD97.1520.041,946.7
UNIVERSAL CABLES LTD41.4853.172,205.2
DYNAMIC CABLES LTD55.0332.351,780.3
BIRLA CABLE LTD7.3673.53540.9
DELTON CABLES LTD21.5628.91623.3

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

Top 10 Industry PeersPE Ratio
Min industry PE -31.25x
Max industry PE 73.53x
Median industry PE 34.35x
Average industry PE 36.74x



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