Polycab India (POLYCAB) Share Price Falls 2.14% Today; Stock Analysis

Polycab India Share Price fell to Rs 9,002.25 on 01 September 2026, down 2.14% for the day. The move reduced the company’s market capitalisation to Rs 1,37,040.38 crore, with the stock lower by Rs 196.75 from the previous close of Rs 9,199.

For investors watchingPolycab India Share Price, the supplied market data confirms a notable intraday decline, but it does not identify a company-specific trigger. Even so, the move stands out because Polycab India is the largest company in the provided Cable industry benchmark and continues to trade at premium valuation multiples relative to much of that universe.

The numbers worth tracking here are the day’s price structure, the stock’s placement against 50-day and 200-day moving averages, and whether profitability indicators such as ROE of 25.03% and ROCE of 34.93% continue to support that valuation premium. This review looks at today’s decline through price action, fundamentals, sector context and peer comparison.

Polycab India (POLYCAB) Share Price Today: Price Action Analysis

Metric	Value
Current Price	Rs 9,002.25
Previous Close	Rs 9,199
Today's Move	-Rs 196.75 (-2.14%)
Open	Rs 9,263.95
High	Rs 9,263.95
Low	Rs 8,985.1
Turnover	Rs 19.28 crore
Market Capitalisation	Rs 1,37,040.38 crore
Market Cap Category	Large Cap

Polycab India Share Pricereflected a weak session from the open. The stock opened at Rs 9,263.95, which also remained the day’s high, and then moved down to Rs 8,985.10 before trading at Rs 9,002.25 at the time of the update. That pattern shows selling pressure emerging early rather than late in the session.

The trading range of roughly Rs 278.85 between the high and low indicates active movement during the day, while turnover of Rs 19.28 crore shows the counter stayed in focus. The RSI reading of 47.22 places the stock in a middle zone rather than in an extreme momentum condition based on the supplied data.

There is also a useful moving-average reference. The current price of Rs 9,002.25 is below the 50 DMA of Rs 9,129.46 but above the 200 DMA of Rs 8,445.27. That creates a mixed technical picture: near-term positioning is softer than the intermediate average, while the stock still holds above the longer-term average. For traders and investors followingPolycab India Share Price, that split is one of the clearer takeaways from today’s move.

Polycab India (POLYCAB) Fundamental Analysis

Metric	Value
Market Capitalisation	Rs 1,37,040.38 crore
P/E Ratio	48.39x
P/B Ratio	10.91x
ROE	25.03%
ROCE	34.93%
EPS	Rs 190.09
Book Value Per Share	Rs 843.49
Dividend Yield	0.51%

On fundamentals, Polycab India remains a large and profitable business. The company’s market capitalisation stands at Rs 1,37,040.38 crore, and the stock trades at a P/E of 48.39 and P/B of 10.91. Those are not low multiples, so any short-term decline naturally brings valuation back into focus.

At the same time, the return profile is strong. ROE is 25.03% and ROCE is 34.93%, both notable figures for a company in the Electricals-Cable space. EPS is Rs 190.09, book value per share is Rs 843.49, and dividend yield is 0.51%. Taken together, the supplied figures suggest a business with solid profitability metrics but one that the market already values at a premium.

That is the central balance in today’s move. The fall itself does not erase the company’s return profile, but it does reopen the question of how much premium the market is willing to assign. For anyone assessingPolycab India Share Price, the valuation-versus-profitability trade-off remains the core framework.

Sector and Industry Context

Metric	Value
Sector	Electricals
Industry	Cable
Benchmark Scope	same industry
Company P/E Ratio	48.39x
Benchmark Median P/E	28.11x
Benchmark Average P/E	35.25x
Benchmark P/E Range	1.23x to 154.05x
Company P/B Ratio	10.91x
Benchmark Median P/B	3x
Benchmark Average P/B	-9.42x
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 1,37,040.38 crore
Benchmark Median Market Cap	Rs 595.72 crore
Benchmark Average Market Cap	Rs 10,591.22 crore

Polycab India sits in the Electricals sector and Cable industry, and the benchmark data gives useful perspective. Its P/E of 48.39 is above the industry median of 28.11 and also above the average of 35.25 across 28 companies with available P/E data. Its P/B of 10.91 is far above the median P/B of 3.

However, the premium is paired with stronger profitability. The company’s ROE of 25.03% is ahead of the benchmark median of 13.43% and average of 5.13. Its ROCE of 34.93% is also comfortably higher than the median of 18.91% and average of 19.35. That helps explain why the stock is often judged on both quality and valuation at the same time.

Scale is another major differentiator. The benchmark median market cap is Rs 595.72 crore and the average is Rs 10,591.22 crore, while Polycab’s market value stands at Rs 1,37,040.38 crore. In the supplied same-industry set, it is the largest company. That means today’s decline inPolycab India Share Priceis happening in a company that already occupies an outsized position within its peer universe.

Peer Comparison

Company	Symbol	Market Cap (Cr)	P/E	P/B	ROE (%)	ROCE (%)
KEI Industries	KEI	53,224.2	53.71	7.72	15.63	21.47
Sterlite Technologies	STLTECH	37,166.06	154.05	9.78	2.73	8.38
RR Kabel	RRKABEL	32,856.58	54.55	11.94	20.83	28.43
Diamond Power Infrastructure	DIACABS	20,956.41	105.3	21.74	0	0
Finolex Cables	FINCABLES	19,854.59	23.84	3.03	13.42	17.7

Peer data shows why the stock cannot be read through a single metric. KEI Industries trades at a P/E of 53.71 and P/B of 7.72, while RR Kabel trades at 54.55 and 11.94. Finolex Cables is cheaper at 23.84 times earnings and 3.03 times book, but its ROE and ROCE are also lower at 13.42% and 17.7%.

Sterlite Technologies carries a much higher P/E of 154.05 with ROE of 2.73% and ROCE of 8.38%. Diamond Power Infrastructure has a P/E of 105.3 and P/B of 21.74, while both ROE and ROCE are listed at 0. Against this set, Polycab combines the largest market cap with stronger return ratios than several peers, even though its multiples remain elevated relative to the industry median.

That is whyPolycab India Share Priceoften draws close attention during down sessions. The stock is neither the cheapest nor the most expensive on every measure, but it sits in the premium end of the group with better profitability support than many peers.

Why Investors Are Watching Polycab India

• The stock fell 2.14% to Rs 9,002.25 from the previous close of Rs 9,199.
• It opened at Rs 9,263.95, which was also the day’s high, and slipped to Rs 8,985.10.
• The current price is below the 50 DMA of Rs 9,129.46 but above the 200 DMA of Rs 8,445.27.
• P/E of 48.39 and P/B of 10.91 keep valuation in focus.
• ROE of 25.03% and ROCE of 34.93% remain stronger than industry medians.
• At Rs 1,37,040.38 crore in market cap, it is the largest company in the supplied cable benchmark.

About Polycab India

Polycab India is classified in the Electricals sector and Cable industry. Based on the supplied benchmark set, its scale is materially larger than the other named peers, which affects how the market interprets both valuation and short-term price action.

That context matters becausePolycab India Share Priceis usually evaluated as part of a broader industry frame rather than as an isolated quote. Investors tend to compare its premium multiples with its equally strong return profile and dominant market-cap position.

Track Polycab India Share Price on Univest

Use Polycab India (POLYCAB) live share-price page,Univest top decliners screener,Univest market blogsto review live stock data, top decliners and related market analysis.

Use the Polycab India stock page to review the latest market data and company snapshot. For active market participants, followingPolycab India Share Pricealongside valuation, profitability and peer metrics offers a clearer view than price alone.

Frequently Asked Questions

Why did Polycab India Share Price fall today?

Ans.  Polycab India Share Price fell 2.14% to Rs 9,002.25 from the previous close of Rs 9,199. The supplied data confirms the decline, but it does not identify a company-specific catalyst.

What is the current Polycab India Share Price today?

Ans.  The stock was at Rs 9,002.25 at the time of the update. It opened at Rs 9,263.95 and touched an intraday low of Rs 8,985.10. The previous close was Rs 9,199.

What are the key valuation and profitability metrics?

Ans.  Polycab India trades at a P/E of 48.39 and P/B of 10.91. Its ROE stands at 25.03% and ROCE at 34.93%, with EPS of Rs 190.09, book value of Rs 843.49 and dividend yield of 0.51%.

How does Polycab India compare with peers?

Ans.  The company is larger by market capitalisation than KEI Industries, Sterlite Technologies, RR Kabel, Diamond Power Infrastructure and Finolex Cables in the supplied comparison set. Its return ratios are also stronger than several of those peers, although it continues to.