Polycab India (POLYCAB) Share Price Falls 4.26% Today: What the Decline Shows
- September 1, 2026
- Posted by: Harsh Piplani
- Category: News
Polycab India Share Price fell to Rs 8,448.85 on 04 September 2026, down 4.26% for the day, taking the company’s market capitalisation to Rs 1,32,610.86 crore. The stock declined by Rs 376.15 from its previous close of Rs 8,825.
The supplied data confirms a same-day price fall in this Large Cap cable company, but it does not establish any company-specific catalyst behind the move. That makes today’s decline more relevant as a price, valuation and positioning story than as a verified event-led reaction. Investors following the stock are likely to focus on momentum, premium valuation and whether profitability still supports that premium.
Univest data also shows the stock trading below its 50-day moving average and hovering near its 200-day moving average. That keeps the counter in focus not just as a daily mover, but as one where technical positioning and fundamentals are being weighed together.
Polycab India (POLYCAB) Share Price Today: Price Action Analysis
| Metric | Value |
|---|---|
| Current Price | Rs 8,448.85 |
| Previous Close | Rs 8,825 |
| Today's Move | -Rs 376.15 (-4.26%) |
| Open | Rs 8,549.9 |
| High | Rs 8,549.9 |
| Low | Rs 8,308.55 |
| Turnover | Rs 14.14 crore |
| Market Capitalisation | Rs 1,32,610.86 crore |
| Market Cap Category | Large Cap |
Polycab India Share Price Today reflects a sharp early-session decline. The stock opened at Rs 8,549.90, which also marked the day’s high, then slipped to an intraday low of Rs 8,308.55 before trading at Rs 8,448.85. Against the previous close of Rs 8,825, that translates into a loss of Rs 376.15 or 4.26%.
This intraday structure matters because the stock did not build follow-through after the open. Instead, the range between Rs 8,549.90 and Rs 8,308.55 points to persistent weakness in the session snapshot. Turnover stood at Rs 14.14 crore, enough to keep the move on the market’s radar.
As a Large Cap stock, the decline stands out because moves in companies of this size are often assessed alongside sector leadership, valuation and broader technical context. The next question is whether the setup looks weak, mixed or stabilising on the available indicators.
Polycab India (POLYCAB) Fundamental Analysis
| Metric | Value |
|---|---|
| Market Capitalisation | Rs 1,32,610.86 crore |
| P/E Ratio | 46.43x |
| P/B Ratio | 10.46x |
| ROE | 25.03% |
| ROCE | 34.93% |
| EPS | Rs 190.07 |
| Book Value Per Share | Rs 843.41 |
| Dividend Yield | 0.53% |
The available fundamentals show a company carrying both premium profitability and premium valuation. The stock trades at a P/E ratio of 46.43 and a P/B ratio of 10.46, while return ratios remain strong with ROE at 25.03% and ROCE at 34.93%.
Those profitability readings help explain why the stock has drawn sustained investor attention despite higher multiples. EPS stands at Rs 190.07 and book value per share at Rs 843.41. The dividend yield is 0.53%, modest but measurable.
For Polycab India Share Price, the key takeaway is not that the supplied data points to weak business quality. Instead, it shows a company priced at a premium, where any softening in sentiment or technical trend can attract outsized market scrutiny. That leads naturally into industry context.
Sector and Industry Context
| Metric | Value |
|---|---|
| Sector | Electricals |
| Industry | Cable |
| Benchmark Scope | same industry |
| Company P/E Ratio | 46.43x |
| Benchmark Median P/E | 27.7x |
| Benchmark Average P/E | 34.69x |
| Benchmark P/E Range | 1.19x to 151.1x |
| Company P/B Ratio | 10.46x |
| Benchmark Median P/B | 3.01x |
| Benchmark Average P/B | -8.78x |
| Company ROE | 25.03% |
| Benchmark Median ROE | 13.43% |
| Benchmark Average ROE | 5.13% |
| Company ROCE | 34.93% |
| Benchmark Median ROCE | 18.91% |
| Benchmark Average ROCE | 19.35% |
| Company Market Capitalisation | Rs 1,32,610.86 crore |
| Benchmark Median Market Cap | Rs 574.96 crore |
| Benchmark Average Market Cap | Rs 10,111.32 crore |
Polycab India operates in the Electricals sector and Cable industry. The same-industry benchmark covers 32 companies, which gives a useful frame for judging its valuation and profitability.
The company’s P/E of 46.43 is above the industry median of 27.7 and average of 34.69, based on 28 companies with available P/E data. The benchmark range runs from 1.19 to 151.1, placing Polycab in the higher-valued part of the sector. On price-to-book, its 10.46 is also above the industry median of 3.01. Because the industry average P/B is -8.78 and the range runs from -428.57 to 20.26, the median is the cleaner reference point.
Profitability compares strongly. ROE of 25.03% is well above the industry median of 13.43% and average of 5.13%, while ROCE of 34.93% is ahead of the median of 18.91% and average of 19.35%. In market capitalisation terms, the company is the largest in the 32-stock benchmark at Rs 1,32,610.86 crore, versus a median of Rs 574.96 crore and average of Rs 10,111.32 crore.
Peer Comparison
| Company | Symbol | Market Cap (Cr) | P/E | P/B | ROE (%) | ROCE (%) |
|---|---|---|---|---|---|---|
| KEI Industries | KEI | 49,425.51 | 50.76 | 7.29 | 15.63 | 21.47 |
| Sterlite Technologies | STLTECH | 36,685.55 | 151.1 | 9.6 | 2.73 | 8.38 |
| RR Kabel | RRKABEL | 29,762.02 | 48.75 | 10.67 | 20.83 | 28.43 |
| Diamond Power Infrastructure | DIACABS | 19,760.27 | 98.12 | 20.26 | 0 | 0 |
| Finolex Cables | FINCABLES | 18,232.66 | 24.34 | 3.09 | 13.42 | 17.7 |
Against listed peers, the company combines stronger scale with strong return ratios, while still trading at elevated multiples relative to some alternatives. KEI Industries trades at a P/E of 50.76 and P/B of 7.29, with ROE of 15.63% and ROCE of 21.47% on a market capitalisation of Rs 49,425.51 crore. RR Kabel is on a P/E of 48.75 and P/B of 10.67, with ROE at 20.83% and ROCE at 28.43% on Rs 29,762.02 crore market cap.
Sterlite Technologies carries a much higher P/E of 151.1 but lower profitability, with ROE of 2.73% and ROCE of 8.38%. Finolex Cables looks less expensive at a P/E of 24.34 and P/B of 3.09, but also reports lower ROE of 13.42% and ROCE of 17.7%. Diamond Power Infrastructure trades at a P/E of 98.12 and P/B of 20.26, with ROE and ROCE both at 0.
This peer set suggests Polycab India Share Price remains tied to a rare combination of scale and profitability, but also to premium expectations. When valuations are already rich, sharp one-day declines tend to attract closer attention.
Why Investors Are Watching Polycab India
- Polycab India Share Price fell 4.26% to Rs 8,448.85, a notable one-day decline for a Large Cap stock.
- The stock opened at Rs 8,549.90, touched a low of Rs 8,308.55 and stayed below the previous close of Rs 8,825.
- Its RSI stands at 40.67, while the price is below the 50 DMA of Rs 9,119.02 and slightly below the 200 DMA of Rs 8,495.12.
- Fundamentals remain strong on ROE of 25.03% and ROCE of 34.93%, but valuation is elevated at 46.43 times earnings and 10.46 times book.
- Within the cable industry benchmark, Polycab remains the largest player by market capitalisation at Rs 1,32,610.86 crore.
About Polycab India
Polycab India is part of the Electricals sector and operates in the Cable industry. Based on the supplied classification and peer set, it sits alongside other listed cable businesses such as KEI Industries, RR Kabel, Sterlite Technologies and Finolex Cables. What stands out in the available data is scale: at Rs 1,32,610.86 crore in market capitalisation, it is the largest company in its same-industry benchmark universe.
Track Polycab India Share Price on Univest
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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
Why is Polycab India Share Price falling today?
Ans. The supplied data confirms that Polycab India Share Price fell 4.26% to Rs 8,448.85 from the previous close of Rs 8,825. However, the data does not establish a company-specific catalyst for today’s decline.
What is Polycab India Share Price Today?
Ans. Polycab India Share Price Today is Rs 8,448.85 in the supplied market snapshot. The stock is down Rs 376.15 on the day, after opening at Rs 8,549.90 and touching an intraday low of Rs 8,308.55.
What does today’s price action in Polycab India show?
Ans. Today’s price action shows weakness after the open, because the stock opened at Rs 8,549.90, which was also the day’s high, and later slipped to Rs 8,308.55 before trading at Rs 8,448.85.
Is Polycab India a Large Cap stock?
Ans. Yes, Polycab India is classified as a Large Cap company in the supplied data. Its market capitalisation stands at Rs 1,32,610.86 crore, making it the largest company in its same-industry cable benchmark set.
Is Polycab India expensive compared with the cable industry?
Ans. On the supplied numbers, Polycab India trades at a P/E of 46.43, above the cable industry median of 27.7 and average of 34.69. Its P/B of 10.46 is also above the industry median of 3.01.
How does Polycab India compare with peers like KEI and RR Kabel?
Ans. Polycab India is much larger by market capitalisation than KEI Industries and RR Kabel, and its ROE of 25.03% and ROCE of 34.93% are stronger than both, though its valuation remains at premium levels.
