Archive · 12 Aug 2025
Polycab's 8x Stock Surge and Record Q1 Revenue
Polycab, a company making wires and cables, saw its stock price increase significantly over the past five years.
In the latest quarter, they made more money than ever before, with strong sales in their main wires and cables business and also their electrical goods.
The company is doing well in the market and has a lot of cash.
They're expanding and aiming to keep growing, helped by favorable trade conditions.
However, they face risks like changes in the market and competition.
The company is in a good position to handle these challenges, and investors are optimistic about its future, but risks remain.
Polycab stock has surged nearly 8x in five years.
The company reported record Q1 FY26 revenue of Rs 5,906 crore, up 26% YoY.
Wires & cables segment revenue was approximately Rs 5,130 crore, growing 31% YoY.
Consolidated EBITDA margin rose to 14.5% in Q1 FY26.
Polycab has over Rs 3,100 crore of net cash and a lean working capital cycle.
- Who
- Polycab, investors, and analysts.
- What
- Polycab's stock performance and financial results.
- When
- Q1 FY26
- Where
- India
- Why
- To assess the company's potential for future growth.
Optimistic View
Cautious View
Valuation and Risks
Optimistic View
Polycab's current valuation is in line with high-quality consumer electrical names.
Cautious View
Investors should be aware of risks related to the infrastructure, real estate, raw material price swings, competition and the export side.
- Stock Return (5 years)
- 8x
- Q1 FY26 Revenue
- Rs 5,906 crore
- Wires & Cables Revenue (Q1 FY26)
- Rs 5,130 crore
- EBITDA Margin (Q1 FY26)
- 14.5%
- Net Cash
- Rs 3,100+ crore
- Trailing P/E
- 45x