POLYCAB
POLYCAB INDIA LIMITED
Each stock's 10,000-path forecast, rendered as light.
POLYCAB INDIA LIMITED (POLYCAB) Stock Analysis & Case Study
Is POLYCAB a good buy? The data-driven verdict.
POLYCAB INDIA LIMITED (POLYCAB) trades at ₹9,315,on the numbers it mixed signals, a Downstox Snapshot Score of 52/100.
On the numbers, POLYCAB INDIA LIMITED (POLYCAB) mixed signals, a Downstox Snapshot Score of 52/100, weighing expensive at 48.9× earnings, ROE of 23.0%, a 60% model probability of trading higher in a year. Below: the full bull case, bear case, sector-relative valuation, and a probability-weighted price target for 2027-2031.
Last updated . Data snapshot for research, not investment advice.
POLYCAB fundamentals at a glance, PE, PB, ROE, ROCE, market cap, dividend yield
How POLYCAB ranks against the 2,373 companies in our screener
- POLYCAB's market cap of 1.39L Cr ranks in the top 3% of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- POLYCAB's book value of ₹798 ranks in the top 5% of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- POLYCAB's promoter holding of 61.5% ranks in the 55th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- POLYCAB's 3-year profit (PAT) growth of 28.0% ranks in the 67th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- POLYCAB's 3-year revenue growth of 27.0% ranks in the 82nd percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- POLYCAB's debt-to-equity ratio of 0.02x is lower than 94% of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
Is POLYCAB overvalued? POLYCAB P/E vs its Capital Goods
POLYCAB's P/E of 48.9× sits below the Capital Goods peer median of 58.0×, so on earnings it screens cheaper than peers, while its 0.50% dividend yield is above the peer median of 0.46%.
POLYCAB share price target 2027, 2028, 2029, 2030, 2031, a probability view
Unlike a single guessed number, this is a probability-weighted range from a 10,000-path Monte-Carlo simulation on 7.2y of POLYCAB history (37%/yr drift, 34%/yr volatility).
| Year | Low (P10) | Median target (P50) | High (P90) | Upside vs today |
|---|---|---|---|---|
| POLYCAB 2027 | ₹6,422 | ₹10,037 | ₹15,686 | +9% |
| POLYCAB 2028 | ₹5,796 | ₹10,928 | ₹20,605 | +19% |
| POLYCAB 2029 | ₹5,609 | ₹11,899 | ₹25,244 | +29% |
| POLYCAB 2030 | ₹5,441 | ₹12,956 | ₹30,849 | +41% |
| POLYCAB 2031 | ₹5,297 | ₹14,107 | ₹37,570 | +53% |
Median (P50) is the central estimate; the P10-P90 band is the 80% confidence range. Probabilities, not promises.
What is the probability POLYCAB goes up, or doubles?
The bull case for POLYCAB
- POLYCAB's return on equity of 23.0% ranks in the 88th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- POLYCAB's return on capital employed of 33.2% ranks in the 94th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- Upside scenario: the model's optimistic (P90) 3-year path reaches ₹25,244.
The bear case & risks
- POLYCAB's P/E of 48.5x is lower than 27% of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- A steep 11.7× price-to-book means most of the value is intangible/expectations, not assets on the books.
- Downside scenario: the model's pessimistic (P10) 3-year path falls to ₹5,609.
POLYCAB volatility & expected range, how bumpy is the ride?
Over the last 7.2 years POLYCAB compounded at 37%/year with annualized volatility of 34%. That volatility implies a 1-year 80% range of ₹6,422-₹15,686, the honest backbone behind any single price target.
POLYCAB price forecast, the full 60-month probability fan
POLYCAB price probability fan
Each band shows where 10,000 simulated paths land. The wider the fan, the more uncertainty.
Probability of key outcomes
What are the odds POLYCAB hits common targets within the simulated horizon?
Full multi-horizon detail on the POLYCAB price target & forecast page.
POLYCAB Piotroski F-Score: 6/8, how financially strong is it?
The Piotroski F-Score grades financial strength on profitability, leverage and efficiency checks. Downstox scores the eight checks it can verify from published filings, so 8 is full marks. POLYCAB scores 6/8, mixed financial health.
POLYCAB MTF margin & leverage across 10 brokers
Margin Trading Facility lets you buy POLYCAB with part of the capital. Lower margin % = higher leverage. Rates compared across 10 brokers (no competitor publishes this):
| Broker | Margin required | Approx. leverage |
|---|---|---|
| Upstox | 27.06% | 3.7× |
| Zerodha | 26.00% | 3.8× |
| Groww | 26.10% | 3.8× |
| Dhan | 24.00% | 4.2× |
| Kotak Neo | 25.00% | 4.0× |
| Paytm MoneyCHEAPEST | 23.58% | 4.2× |
| Pocketful | 30.77% | 3.2× |
| Anand Rathi | 30.53% | 3.3× |
| Bajaj Broking | 25.00% | 4.0× |
| Share India | 30.63% | 3.3× |
Compare every broker on the POLYCAB MTF page.
POLYCAB vs peers,Capital Goods comparison
| Stock | P/E | Div yield | Market cap |
|---|---|---|---|
| POLYCAB (this stock) | 48.9× | 0.50% | ₹1.40L Cr |
| SIEMENS | 50.0× | 0.46% | ₹1.40L Cr |
| BHEL | 58.0× | 0.35% | ₹1.41L Cr |
| CUMMINSIND | 61.7× | 1.22% | ₹1.50L Cr |
| ABB | 104.0× | 0.52% | ₹1.61L Cr |
| CGPOWER | 109.0× | 0.15% | ₹1.38L Cr |
| KEI | 53.7× | 0.08% | ₹53,536 Cr |
Fundamentals from Screener.in, as of 9 Aug 2026
About POLYCAB INDIA LIMITED: sector, index & market-cap context
POLYCAB INDIA LIMITED (POLYCAB) is a large-cap NSE-listed company in the Capital Goods sector, and a constituent of the Nifty 500 index, with a market capitalisation of ₹1.40L Cr. See more stocks on our screener.
How the POLYCAB Snapshot Score & forecast are built
The Downstox Snapshot Score is a transparent, rules-based read of POLYCAB INDIA LIMITED's public fundamentals plus a statistical forecast, not an analyst opinion. It rewards low-to-fair valuation, high ROE/ROCE, a strong Piotroski F-Score, a dividend, low volatility and a favourable probability of upside; it penalises rich valuations, weak capital efficiency, a low F-Score and high volatility. The price target is a 10,000-path Monte-Carlo simulation on real historical volatility, a distribution, not a single guess. The bull and bear cases are generated from the same data, so you always see both sides.
This is information, not investment advice. Do your own due diligence and consult a SEBI-registered adviser before investing.
POLYCAB analysis, FAQs
Is POLYCAB INDIA LIMITED (POLYCAB) a good buy?
On the numbers, POLYCAB INDIA LIMITED (POLYCAB) mixed signals, a Downstox Snapshot Score of 52/100, weighing expensive at 48.9× earnings, ROE of 23.0%, a 60% model probability of trading higher in a year. This is a data snapshot for research, not investment advice.
Is POLYCAB overvalued or undervalued?
POLYCAB trades at 48.9× earnings versus a peer median of 58.0×, so it screens cheaper than its Capital Goods peers.
What is the POLYCAB share price target for 2031?
POLYCAB's probability-weighted 2031 median target is ₹14,107, with an 80% range of ₹5,297-₹37,570 (10,000-path Monte-Carlo).
What is the probability POLYCAB doubles in 5 years?
The modelled probability of POLYCAB reaching ₹18,436 (2×) within 5 years is 37%.
What is the bull case for POLYCAB?
POLYCAB's return on equity of 23.0% ranks in the 88th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026. POLYCAB's return on capital employed of 33.2% ranks in the 94th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
What are the risks in POLYCAB?
POLYCAB's P/E of 48.5x is lower than 27% of the 2,373 NSE companies in our screener, as of 9 Aug 2026. A steep 11.7× price-to-book means most of the value is intangible/expectations, not assets on the books.