Polycab India POLYCAB
Real Estate: India's largest wires and cables maker; house wires, switches, fans and lighting
Mapped in 2 themes: Data Center / AI Infrastructure and Real Estate.
Where Polycab India sits in the supply chain
Polycab India appears in 2 supply-chain layers across 2 themes: Data Center / AI Infrastructure and Real Estate.
Data Center / AI Infrastructure › Structured & Power Cabling
Direct supplierStructured cabling and power cables for data-centre fit-outs
Other companies in this layer
Real Estate › Wires, cables & switchgear
Direct supplierIndia's largest wires and cables maker; house wires, switches, fans and lighting
Other companies in this layer
Revenue and profit
| ₹ Cr | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | 18,039 | 22,408 | 28,884 |
| Net profit | 1,803 | 2,046 | 2,708 |
Latest-year revenue ₹28,884 Cr (FY26, company-wide). Wider screens show FY22 onwards.
Strengths · in Real Estate
- Market leader in house wires with a large dealer and electrician network
- Strong growth and ROCE
Risks · in Real Estate
- New entrants (UltraTech, Adani) may raise competition
- Copper price swings
Common questions
What does Polycab India do?
In Real Estate: India's largest wires and cables maker; house wires, switches, fans and lighting. NextResearch maps it in 2 supply chains: Real Estate and Data Center / AI Infrastructure.
Where does Polycab India sit in the supply chain?
Polycab India (NSE: POLYCAB) is mapped in 2 supply-chain layers: Structured & Power Cabling (Data Center / AI Infrastructure); and Wires, cables & switchgear (Real Estate).
Who are Polycab India's peers?
In the Wires, cables & switchgear layer of Real Estate: Havells India, KEI Industries, Finolex Cables and UltraTech Cement.
What is Polycab India's market cap and valuation?
As of 30 Oct 2026: market cap ₹1.17L Cr, P/E 37.2x, ROCE 33.2%, ROE 23.0%, dividend yield 0.60%.