Polycab India vs Apar Industries: Share Price, PE and ROE Compared

Polycab India MCap approx Rs 70,000-85,000 Cr. Apar Industries MCap approx Rs 20,000-28,000 Cr. Data approximate.

Updated: 13 Aug 2026 • 11:42 am

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Polycab India vs Apar Industries: Share Price, PE and ROE Compared

Quick Answer

Polycab India and Apar Industries are both listed cables and conductors companies. Polycab at approximately Rs 70,000-85,000 Cr is India's largest cables company with diversified products including wires, fans and appliances. Apar at approximately Rs 20,000-28,000 Cr specialises in conductors, transformer oils and cables. Both benefit from India's electricity infrastructure investment cycle.

The Polycab India vs Apar Industries question comes up often among investors who follow the Cables and conductors space in India. Polycab India MCap approx Rs 70,000-85,000 Cr. Apar Industries MCap approx Rs 20,000-28,000 Cr. This article goes through what each company does, their latest financial performance, and the key numbers that matter for anyone evaluating Polycab India vs Apar Industries as a research exercise.

All data cited here is sourced from publicly available company filings. Note: Data is approximate. Verify the latest prices and fundamentals on NSE or BSE before acting on any information.

Table of Contents

Polycab India vs Apar Industries: Company Overview and Market Presence

Polycab India operates in the Cables and conductors segment and is listed on Indian exchanges. Polycab India MCap approx Rs 70,000-85,000 Cr The company has built its market position over the years through its core offerings to customers across India.

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Apar Industries is the other side of this Polycab India vs Apar Industries comparison. Apar Industries MCap approx Rs 20,000-28,000 Cr It competes in the same Cables and conductors space, though its scale and strategy may differ significantly from Polycab India's approach.

When investors look at the Polycab India vs Apar Industries pair, market capitalisation is usually the first filter. Polycab India MCap approx Rs 70,000-85,000 Cr. Apar Industries MCap approx Rs 20,000-28,000 Cr. The size difference, if any, tells you something about liquidity and institutional ownership patterns.

Polycab India vs Apar Industries: Business Mix and Revenue Sources

To understand the Polycab India vs Apar Industries comparison fully, you need to look at how each company makes money. Polycab India's revenue comes from its core Cables and conductors operations. Polycab India earns from the Cables and conductors segment.

Apar Industries similarly derives its earnings from the Cables and conductors space. Apar Industries operates in the Cables and conductors space. The product or service mix of the two companies can be similar or quite different depending on which subsegments each one serves.

Polycab India vs Apar Industries: Financial Results and Key Ratios

This is where the Polycab India vs Apar Industries comparison gets concrete. Return on equity, price-to-earnings ratio and market capitalisation are three metrics that help frame the relative position of each stock.

Polycab India MCap approx Rs 70,000-85,000 Cr The profitability and efficiency ratios here reflect the latest available data from public filings.

Apar Industries MCap approx Rs 20,000-28,000 Cr Investors should note that Data is approximate.

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Polycab India vs Apar Industries: Valuation and What the Market Is Pricing In

Valuation is a core part of any Polycab India vs Apar Industries analysis. A high PE ratio can signal growth expectations or thin earnings. A low PE may indicate value or a business under stress. Neither is automatically good or bad without context.

Polycab India MCap approx Rs 70,000-85,000 Cr. Apar Industries MCap approx Rs 20,000-28,000 Cr. Data approximate. The Polycab India vs Apar Industries stock data above reflects figures sourced from publicly available data. Prices change daily, so treat this as a starting point for your own research rather than a definitive trading signal.

Dividend yield is another data point worth checking in the Polycab India vs Apar Industries pair. Some investors prioritise income alongside capital appreciation, and a consistent dividend track record can be a sign of earnings quality and management confidence in the cash flow.

Polycab India vs Apar Industries: Side-by-Side Comparison

The table below captures the most relevant metrics side by side for the Polycab India vs Apar Industries comparison.

Parameter	Polycab India	Apar Industries
MCap	approx Rs 70,000-85,000 Cr	approx Rs 20,000-28,000 Cr
Data	Approximate	Approximate
Key Products	Cables, wires, appliances	Conductors, transformer oil

What Should Investors Know About the Polycab India vs Apar Industries Choice

Every Polycab India vs Apar Industries research exercise should go beyond just looking at the current share price. The sector outlook for Cables and conductors companies, the trajectory of earnings growth, debt levels and management quality all feed into a complete picture.

For the Polycab India vs Apar Industries pair specifically: Polycab India MCap approx Rs 70,000-85,000 Cr. Apar Industries MCap approx Rs 20,000-28,000 Cr. These numbers are a starting point. Investors should also look at the trend over four to eight quarters rather than just the latest standalone figure, since one strong quarter does not always reflect the underlying business quality.

If you are building a portfolio allocation decision around the Polycab India vs Apar Industries comparison, consider the risk profile of your overall portfolio first. Both companies operate in Cables and conductors, which carries its own sector-specific risks including regulatory changes, commodity cost pressure, competitive intensity and macroeconomic sensitivity.

Conclusion

The Polycab India vs Apar Industries comparison comes down to this: Polycab India and Apar Industries are both listed Indian companies in the Cables and conductors space, but they differ in scale, valuation, and financial profile. Polycab India MCap approx Rs 70,000-85,000 Cr. Apar Industries MCap approx Rs 20,000-28,000 Cr.

Polycab India MCap approx Rs 70,000-85,000 Cr. Apar Industries MCap approx Rs 20,000-28,000 Cr. Data approximate. Before taking any position in either stock, verify the latest fundamentals on NSE or BSE and consult a SEBI-registered investment advisor (registration number INH000013776).

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Disclaimer: Data and figures in this article are sourced from publicly available information and may not be fully 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 does not constitute investment advice from Univest (SEBI RA INH000013776).

Frequently Asked Questions

What does Polycab India do?

Ans. Polycab India is a listed Indian company in the Cables and conductors segment. Visit univest.in for live data.

What does Apar Industries do?

Ans. Apar Industries is a listed Indian company in the Cables and conductors segment. Visit univest.in for live data.

Which is larger in the Polycab India vs Apar Industries comparison?

Ans. Based on current data: Polycab India MCap approx Rs 70,000-85,000 Cr. Verify from NSE or BSE.

How do PE ratios compare in Polycab India vs Apar Industries?

Ans. The PE ratio comparison is in the data table above. Verify from NSE or BSE before investing.

What is the ROE of Polycab India?

Ans. The ROE of Polycab India is listed in the comparison table above. Verify from the latest quarterly filings.

Does Apar Industries pay dividends?

Ans. Dividend yield information for Apar Industries is in the comparison above. Verify from NSE or BSE.

How should I evaluate Cables and conductors stocks?

Ans. For Cables and conductors stocks, review earnings quality, ROE trends, debt levels and sector outlook. Consult a SEBI-registered advisor (INH000013776) before investing.