Polycab Share Price: 15.9% CAGR in 3 Years as the Cable Leader Is Compared With KEI, Finolex and RR Kabel
- November 6, 2026
- Posted by: Kunal Singla
- Category: Best Stocks
Polycab Share Price: 15.9% CAGR in 3 Years as the Cable Leader Is Compared With KEI, Finolex and RR Kabel
Polycab previous close Rs 7,849. 3-year CAGR 15.9%. Up 1.6x since 3 Nov 2023. ROE 24.10%. Market cap Rs 1,18,275 crore.
Quick Answer
The Polycab share price closed at Rs 7,849 on 5 November 2026, a compounded annual return of 15.9% over three years. That compares with KEI Industries at 16.5%, Finolex Cables at 8.9% and RR Kabel at 13.1%. The company has a market cap of Rs 1,18,275 crore and a P/E of 36.93 against an industry P/E of 38.52.
The Polycab share price has been a steady performer among Indian electrical companies since Polycab India listed in 2019. The company is the largest maker of wires and cables in the country and has been adding fans, lighting, switches and other consumer electrical products.
This article measures its run against KEI Industries, Finolex Cables and RR Kabel. We calculate the three-year CAGR for all four and place the results beside market cap, valuation, return on equity and debt, using prices adjusted for corporate actions.
Click Here – Get Free Investment Predictions
How Much Has the Polycab Share Price Returned in 3 Years?
The Polycab stock closed at Rs 5,036.55 on 3 November 2023 and at Rs 7,849.00 on 5 November 2026. Rs 1 lakh invested three years ago would have grown to about Rs 1.56 lakh, which is a CAGR of 15.9%. This is a price return and leaves out dividends.
CAGR condenses a bumpy three-year ride into one yearly number, which is why it is the fairest way to compare companies of different sizes. A stock such as Polycab can look spectacular on a chart and still have earned a modest yearly return, so the compounded figure keeps the comparison honest.
The Polycab share price has also benefited from the rise in housing, infrastructure and power transmission spending, which lifts demand for wires, cables and electrical equipment.
Polycab vs KEI Industries, Finolex Cables and RR Kabel: 3-Year CAGR Compared
The table ranks the companies by three-year CAGR. Prices on 3 November 2023 are adjusted for splits and bonuses, and the latest figures are the previous close on 5 November 2026.
| Company | Close on 3 Nov 2023 | Previous close (5 Nov 2026) | Price multiple | 3-year CAGR |
|---|---|---|---|---|
| KEI Industries | Rs 2,570.00 | Rs 4,061.10 | 1.6x | 16.5% |
| Polycab India | Rs 5,036.55 | Rs 7,849.00 | 1.6x | 15.9% |
| RR Kabel | Rs 1,391.00 | Rs 2,014.20 | 1.4x | 13.1% |
| Finolex Cables | Rs 910.20 | Rs 1,174.30 | 1.3x | 8.9% |
The Polycab stock ranks second of the four at 15.9%. It sits ahead of RR Kabel (13.1%) and Finolex Cables (8.9%). The company ahead is KEI Industries (16.5%). KEI posted the highest return in the group, with Polycab second, followed by RR Kabel and Finolex Cables. Polycab is the largest company by a wide margin, so its pace came on the biggest base of capital.
Look at the Polycab share price alongside the peers as a snapshot of the last three years. It describes what happened, and valuation and earnings will decide what happens next.
Valuation and Quality Compared
| Company | Market cap | P/E | Industry P/E | ROE | Debt to equity |
|---|---|---|---|---|---|
| Polycab India | Rs 1,18,275 crore | 36.93 | 38.52 | 24.10% | 0.02 |
| KEI Industries | Rs 38,928 crore | 36.87 | 38.52 | 14.66% | 0.05 |
| RR Kabel | Rs 22,728 crore | 33.82 | 38.52 | 22.12% | 0.19 |
| Finolex Cables | Rs 17,969 crore | 22.46 | 38.52 | 11.73% | 0.00 |
By market cap, Polycab India is the largest of the group at Rs 1,18,275 crore, which gives it the scale advantage over KEI Industries, Finolex Cables, RR Kabel. On earnings, Polycab shares trade at a P/E of 36.93 against an industry P/E of 38.52, a discount of about 4% to the sector, which leaves room if earnings keep growing. Peer multiples are KEI Industries at 36.87, Finolex Cables at 22.46 and RR Kabel at 33.82.
Return on equity is 24.10% for the Polycab stock, which ranks first among the four, and debt to equity stands at 0.02. Trailing EPS is Rs 212.49. Large and consistent cable makers often earn a high ROE with very little debt, so the P/E is best read together with ROE and the stability of margins.
What Is Driving the Polycab Stock?
Polycab India makes wires and cables for housing, industrial and infrastructure customers, along with fast moving electrical goods such as fans, lights, switches and conduits. It also runs an engineering, procurement and construction business.
Cable demand follows real estate, power and infrastructure activity, while the consumer electrical range diversifies the revenue base. Raw material, mainly copper and aluminium, makes up a large share of costs, so price movements matter for margins.
Followers of the Polycab share price usually track volume growth in wires and cables, the share of consumer electrical products, margins and the pace of capacity additions.
How the Established Players Stack Up
KEI Industries makes wires, cables and extra high voltage cables for housing, industrial and power customers. It compounded at 16.5% a year, on a market cap of Rs 38,928 crore and an ROE of 14.66%.
Finolex Cables is a long-standing maker of electrical and telecom cables and has a nearly debt free balance sheet. It compounded at 8.9% a year, on a market cap of Rs 17,969 crore and an ROE of 11.73%.
RR Kabel makes wires and cables and also sells fans and other consumer electrical products. It compounded at 13.1% a year, on a market cap of Rs 22,728 crore and an ROE of 22.12%.
What Should Investors Track Next?
Three things are worth watching on the Polycab share price. First, volume growth in wires and cables. Second, margins as copper and aluminium prices move. Third, the growth of its fans, lighting and switch business.
At a P/E of 37, the stock is priced slightly below the industry multiple of 39. A three-year CAGR describes the past, so size any position with that in mind.
Check the Univest Screener for live fundamentals of electrical stocks
How to Compare Wires And Cables Stocks Yourself
You can repeat this exercise for any pair of stocks, including the Polycab stock against its peers. Note the adjusted closing price on the base date, take the latest close, divide one by the other, raise the result to the power of one third and subtract one. Then place the CAGR next to market cap, P/E against the industry P/E, ROE and debt to equity. Benchmark the result against the Nifty 50 as well, so you know whether the stock beat the broader market.
A stock that scores well on growth but weakly on quality, or the reverse, deserves closer study before it enters a portfolio. When tracking the Polycab share price, the same four checks give a more complete picture than price alone.
Download the Univest iOS App or Univest Android App to track the Polycab share price and compare electrical stocks live.
The Largest Cable Maker With a High Return on Equity
The Polycab share price compounded at 15.9% a year over three years, behind KEI at 16.5% but ahead of RR Kabel at 13.1% and Finolex Cables at 8.9%. Its ROE of 24.10% is the highest in the group.
KEI offers a slightly higher return, RR Kabel offers a younger listing with a high ROE, and Finolex offers a lower multiple. The choice depends on your view of the cable cycle.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Frequently Asked Questions
What is the Polycab share price today?
Ans. Polycab India closed at Rs 7,849 on 5 November 2026, according to NSE data. It has a market cap of Rs 1,18,275 crore and a P/E of 36.93. Check live quotes before acting, as prices change every trading day.
What is the 3-year CAGR of the Polycab stock?
Ans. Polycab India delivered a price CAGR of 15.9% over three years, moving from Rs 5,036.55 on 3 November 2023 to Rs 7,849.00 on 5 November 2026. The figure excludes dividends and uses adjusted closing prices.
Is Polycab better than KEI Industries?
Ans. The KEI stock delivered a three-year CAGR of 16.5%, slightly above Polycab at 15.9%. Polycab is larger at Rs 1,18,275 crore and earns a higher ROE of 24.10% against 14.66%. Both trade at similar P/E multiples of 36.93 and 36.87.
What does Polycab India do?
Ans. Polycab India is the largest maker of wires and cables in India. It also sells fans, lighting, switches and other consumer electrical products.
Is the Polycab stock debt free?
Ans. The debt to equity ratio of the Polycab stock is 0.02 and its return on equity is 24.10%. Always check the latest balance sheet for current figures, as debt levels change with expansion plans.
Is Polycab expensive compared with the industry?
Ans. Polycab trades at a P/E of 36.93 against an industry P/E of 38.52. A higher multiple reflects expectations of faster growth, which the company must deliver through earnings.
Which wires and cables stock gave the highest return in 3 years?
Ans. Among the companies compared here, KEI Industries delivered the highest three-year CAGR at 16.5%, followed by Polycab India at 15.9%. Past returns do not guarantee future performance.
How do I calculate CAGR for a stock?
Ans. Divide the latest price by the starting price, raise the result to the power of one divided by the number of years, and subtract one. Multiply by 100 for a percentage. Use split and bonus adjusted prices for accurate results.
