POLYCAB

Polycab India Limited · NSE · INE455K01017 · F&O · lot 125 · 272 sessions on record

₹7,990.00▼ −36.00 · −0.5%from ₹8,026.00 the session before · 1 Oct 2026 close · NSE end of day

Open: ₹8,030.00
High: ₹8,131.00
Low: ₹7,883.00
Day's range: ₹2503.1% of the previous close
VWAP: ₹8,009.15close −0.24% from it
Volume, shares: 4.6 L1.02× the 20-session average
Turnover, ₹ crore: 370
Trades: 48,0009.6 shares per trade
Previous close: ₹8,026.00−36.00 to the close
Price band, next session: ₹7,191.00 – ₹8,789.0010% either side of the close · dynamic, widened in 5% steps when hit

Day range43% of the way up

₹7,883.00₹8,131.00

52-week range38% of the way up

₹6,663.00 27 Jan₹10,126.00 22 Jun

−21% from the high · +20% from the low

The desk read · 1 Octexpiry 27 Oct · 26 days

short build-up

futures read

price −0.5% · OI +1.8%

+57.50

futures premium, ₹

+0.7% to spot ₹7,990.00

1.14

puts per call, by OI

by volume 0.61

8,200

max pain

+2.6% from the close

▲ +1.8%

futures OI on the day

+300 lots · 17,000 open

Short build-up into a 26-day expiry: futures OI +1.8% on a −0.5% day, the most call OI sits at 8,200, the most put OI at 7,800, max pain 8,200.

Futures and options

1 Oct close · lot 125 · NSE end of day

POLYCAB futures closed at ₹8,047.50, +0.7% to spot, with 98% of open interest in the 27 Oct contract, and the 8,000 straddle prices a move of about ±5.8% by expiry.

Futures by expiryall 3 contracts NSE lists on the stock · basis against the spot close ₹7,990.00

Futures by expiry, basis against the spot close ₹7,990.00
Expiry	Close ₹	Basis ₹ · %	Annualised %	OI lots · on the day	Share of OI %	Contracts traded
27 Oct26 days	₹8,047.50	+57.50+0.7%	+10%	17,000▲ +1.7% · +280 lots	98	3,000
23 Nov53 days	₹8,091.50	+101.50+1.3%	+8.8%	320▲ +3.9% · +12 lots	1.9	78
29 Dec89 days	₹8,087.00	+97.00+1.2%	+5.0%	4.0▲ +33.3% · +1.0 lots	0.02	4.0

1.9% of futures OI sits beyond the 27 Oct contract · 41 of 62 listed contracts traded · 13,000 option contracts changed hands

Options27 Oct expiry · 26 days

The 8,000 straddle closed at ₹463.80 (call 259.25 + put 204.55), pricing a move of about ±5.8% by the 27 Oct expiry. In the last 253 windows of 19 sessions, POLYCAB moved more than that 128 times.

Call OI, lots: 6,0007.4 L shares
Put OI, lots: 6,8008.5 L shares
Puts per call, by OI: 1.14by volume 0.61
Max pain: 8,200+2.6% from the close
Contracts traded: 41 of 62listed for this expiry

Open interest by strike, lotstop three strikes each side

Calls

Strike

Puts

750

9,000

740

8,500

1,300

8,200

1,100

8,000

890

7,800

1,600

Open interest added on the day, lotsthree largest additions each side

Calls

Strike

Puts

+59

8,500

+130

8,100

+280

8,000

7,500

+190

7,300

+36

7,000

+51

Close ₹ · Nifty 50 rebased to the first close · futures open interest by the day's build-up126 sessions to 1 Oct · axis fixed at 4 × ATR-14 around the last close · hover or tap a session and the read beside the chart follows it

272 sessions on file · from 28 Aug

POLYCAB close
Nifty 50, rebased
long build-up · price up, OI up
short build-up · price down, OI up
short covering · price up, OI down
long unwinding · price down, OI down

Session read · latest close: 1 Oct 2026
Close ₹ · day %: ₹7,990.00▼ −0.4% on the previous close
Against Nifty 50: Nifty −0.9%+0.4 pp difference on the day
Futures OI, lots: 17,000+300 lots · +1.8% on the day
The day's build-up: short build-upprice −0.4% · OI +1.8%
Against the averages: below 20 · below 5020-session ₹8,289.48 (−3.6%) · 50-session ₹8,784.91 (−9.0%)
Volume: 1.02×the previous 20 sessions · 4.6 L shares
Extremes on the day: none

The market after the news

close against the last close before each bulletin · Nifty 50 over the same sessions

After the last 6 bulletins, POLYCAB closed higher five sessions later in 3 of 6.

Close after each bulletin on the day, one session later and five sessions later, with Nifty 50 and futures open interest
Bulletin	Day of the news	1 session later	5 sessions later	Futures OI on the day
19 JulPolycab India reports strong earnings, beats forecasts	▲ +0.3%Nifty −0.4% · +0.7 pp	▲ +0.5%Nifty −0.6% · +1.1 pp	▲ +1.7%Nifty −1.4% · +3.1 pp	▲ +0.9%long build-up
16 JulPolycab Q1 revenue growth exceeds expectations	▼ −3.8%Nifty +1.1% · −4.9 pp	▼ −3.6%Nifty +0.7% · −4.3 pp	▼ −3.3%Nifty −1.3% · −2.1 pp	▲ +19.1%short build-up
4 JulBSNL awards ₹3,000 crore BharatNet contract to Polycab	▲ +0.4%Nifty +0.7% · −0.3 pp	▼ −1.5%Nifty +0.5% · −2.1 pp	▼ −2.5%Nifty −0.3% · −2.3 pp	▲ +0.3%long build-up
8 MayPolycab Q4FY26 revenue rises 27%, brokerages optimistic	▲ +0.9%Nifty −0.6% · +1.5 pp	▲ +0.7%Nifty −2.1% · +2.8 pp	▲ +1.7%Nifty −2.8% · +4.5 pp	▼ −3.9%short covering
7 MayPolycab India Q4 expenses rise 29%, margins contract	▲ +0.9%Nifty −0.6% · +1.5 pp	▲ +0.7%Nifty −2.1% · +2.8 pp	▲ +1.7%Nifty −2.8% · +4.5 pp	▼ −3.9%short covering
11 MarPolycab warns of near-term volume growth moderation	▲ +0.3%Nifty −0.9% · +1.3 pp	▼ −3.2%Nifty −3.0% · −0.2 pp	▼ −3.4%Nifty −3.6% · +0.3 pp	▼ −1.9%short covering

6 of 6 bulletins

Quarterly results

consolidated · latest filed 16 Jul, 03:59 pm IST · NSE filings

Revenue ₹8,210 cr, +39% on a year earlier; profit ₹797 cr, +33% in the Jun 2026 quarter, consolidated.

Last 8 quarters, consolidated₹ crore as filed · year on year against the same quarter a year earlier · market: close on the first session after the filing against the last close before it, Nifty 50 over the same session

Quarterly results of POLYCAB on the consolidated basis with the market's move on the first session after each filing
Quarter	Revenue ₹ cr	Revenue YoY	Profit ₹ cr	Profit YoY	EPS ₹	Market on the day
Jun 2026filed 16 Jul	₹8,210 cr	▲ +39%	₹797 cr	▲ +33%	51.94	▼ −3.8%Nifty +1.1% · −4.9 pp
Mar 2026filed 6 May · audited	₹8,864 cr	▲ +27%	₹786 cr	▲ +7.0%	52.00	▲ +7.0%Nifty 0.0% · +7.0 pp
Dec 2025filed 16 Jan	₹7,636 cr	▲ +46%	₹630 cr	▲ +36%	41.19	▲ +4.2%Nifty −0.4% · +4.6 pp
Sept 2025filed 17 Oct	₹6,477 cr	▲ +18%	₹693 cr	▲ +56%	45.46	▲ +3.1%Nifty +0.5% · +2.6 pp
Jun 2025filed 17 Jul	₹5,906 cr	▲ +26%	₹600 cr	▲ +49%	39.21	▲ +0.6%Nifty −0.6% · +1.1 pp
Mar 2025filed 6 May · audited	₹6,986 cr	▲ +25%	₹734 cr	▲ +33%	48.13	▼ −0.3%Nifty +0.1% · −0.5 pp
Dec 2024filed 22 Jan	₹5,226 cr	▲ +20%	₹464 cr	▲ +11%	30.31	▲ +1.4%Nifty +0.2% · +1.2 pp
Sept 2024filed 17 Oct	₹5,498 cr	▲ +30%	₹445 cr	▲ +3.6%	29.14	0.0%Nifty +0.4% · −0.4 pp

By financial yearApril to March · each year the sum of its four quarters as filed, consolidated · EPS summed across the quarters · only complete years

Financial-year results of POLYCAB on the consolidated basis, summed from the quarters filed
Year	Revenue ₹ cr	Revenue YoY	Profit ₹ cr	Profit YoY	EPS ₹
FY26to Mar 2026	₹28,884 cr	▲ +29%	₹2,708 cr	▲ +32%	177.86
FY25to Mar 2025	₹22,408 cr	▲ +24%	₹2,046 cr	▲ +13%	133.84
FY24to Mar 2024	₹18,039 cr	—	₹1,803 cr	—	118.49

Fundamentals

consolidated · filings to Jun 2026 · close ₹7,990.00 on 1 Oct

POLYCAB trades at 42 times trailing earnings against 42 for its industry, 9.9 times book value, revenue +32% over twelve months, a 1.2% dividend yield, market cap ₹1,20,000 cr.

Valuationarithmetic on filings and the close · each cell names what it rests on · — where an input is missing

Market cap: ₹1,20,000 cron 1 Oct · free float ₹46,000 cr
Price to earnings: 42consolidated · four quarters to Jun 2026 · industry 42
Trailing EPS: ₹190.59diluted · consolidated · four quarters to Jun 2026
Price to book: 9.9consolidated · balance sheet to Mar 2026
Book value a share: ₹804.74consolidated · balance sheet to Mar 2026 · over NSE's share count
Debt to equity: 0.01borrowings over equity · consolidated · balance sheet to Mar 2026
Return on equity: 26%trailing profit over average equity · consolidated
Dividend yield: 1.2%₹94.00 a share in 365 days
Face value: ₹10a share
Shares outstanding: 15 cron 1 Oct

Growthsums of the four quarters filed to Jun 2026 · growth against the four quarters before them · consolidated

Revenue, trailing 12 months: ₹31,188 crfour quarters to Jun 2026
Revenue growth, 12 months: ▲ +32%against the twelve months before
Revenue 2-year CAGR: ▲ +29%trailing twelve months against the twelve months 2 years earlier · consolidated
Profit, trailing 12 months: ₹2,905 crfour quarters to Jun 2026
Profit growth, 12 months: ▲ +30%against the twelve months before
Profit 2-year CAGR: ▲ +27%trailing twelve months against the twelve months 2 years earlier · consolidated

PeersBSE sub-group Cables - Electricals · F&O stocks with filings on record · industry P/E 42, market caps over trailing profit of 2 stocks

Stocks in the BSE sub-group Cables - Electricals with market cap, price to earnings and price to book
Stock	Market cap ₹	P/E	P/B	Close ₹
POLYCABPolycab India Limited	1,20,000 cron 1 Oct	42consolidated	9.9	₹7,990.00
KEIKEI Industries Limited	43,000 cron 1 Oct	43consolidated	6.5	₹4,502.00
RRKABELR R Kabel Limited	28,000 cron 1 Oct	—	11	₹2,518.20
FINCABLESFinolex Cables Limited	22,000 cron 1 Oct	—	3.7	₹1,458.80
UNIVCABLESUniversal Cables Limited	4,600 cron 1 Oct	—	2.5	₹1,451.30
LASERPOWERLaser Power & Infra Limited	3,700 cron 1 Oct	—	—	₹262.75
LUMINOLumino Industries Limited	2,900 cron 1 Oct	—	—	₹96.50
QUADFUTUREQuadrant Future Tek Limited	2,100 cron 1 Oct	—	8.2	₹531.40
DYCLDynamic Cables Limited	2,100 cron 1 Oct	—	—	₹428.00
PARACABLESParamount Communications Limited	1,800 cron 1 Oct	—	2.4	₹56.50
CORDSCABLECords Cable Industries Limited	470 cron 24 Sept	—	2.4	₹366.75
PLAZACABLEPlaza Wires Limited	250 cron 1 Oct	—	1.9	₹57.10
CMICABLESCMI Limited	—	—	—	—

Shareholding

quarter to 30 Jun · none pledged · NSE filings

Promoters hold 61.5%, foreign portfolio investors 19.0%, mutual funds 4.8% and insurance companies 2.6%, as filed for the quarter to 30 Jun.

61.5%19.0%10.9%

By category, last 5 quarterspercent of shares · beneath each figure, the change in percentage points against the previous quarter on file

Shareholding of POLYCAB by category over the last 5 quarters with the change against the previous quarter
Category	30 Jun	31 Mar	31 Dec	30 Sept	30 Jun
Promoters	61.46▼ −0.04 pp	61.500.00 pp	61.50▼ −0.02 pp	61.52▼ −1.49 pp	63.01
Foreign portfolio investors	19.00▲ +0.79 pp	18.21▲ +3.39 pp	14.82▲ +0.86 pp	13.96▲ +2.51 pp	11.45
Mutual funds	4.77▼ −0.46 pp	5.23▼ −2.95 pp	8.18▼ −0.72 pp	8.90▲ +0.08 pp	8.82
Insurance companies	2.56▲ +0.28 pp	2.28▼ −0.08 pp	2.36▲ +0.11 pp	2.25▼ −0.02 pp	2.27
Banks and financial institutions	0.29▼ −0.15 pp	0.44▼ −0.15 pp	0.59▲ +0.04 pp	0.55▲ +0.03 pp	0.52
Individual investors	10.91▼ −0.44 pp	11.35▼ −0.01 pp	11.36▼ −0.20 pp	11.56▼ −0.98 pp	12.54
Bodies corporate	0.400.00 pp	0.40▼ −0.03 pp	0.43▼ −0.02 pp	0.45▼ −0.12 pp	0.57
Others	0.61▲ +0.02 pp	0.59▼ −0.17 pp	0.76▼ −0.06 pp	0.82▼ −0.01 pp	0.83

Corporate actions

NSE and BSE records

Nothing upcoming on record; the last was a dividend of ₹47.00 a share, ex-date 19 Jun 2026.

Actionsex-dates · upcoming first, then the last eight · dividends in rupees a share, bonus and split as ratios

Corporate actions of POLYCAB, upcoming first, then the most recent
Ex-date	Action	Amount or ratio	Record date	Source
recent
19 Jun 2026	dividend	₹47.00	19 Jun 2026	BSE
24 Jun 2025	dividend	₹35.00	24 Jun 2025	BSE
9 Jul 2024	dividend	₹30.00	—	BSE

Calendaras notified to the exchange

Next results: —no board meeting notified yet
Dividends in 365 days: ₹94.00a share · ex-dates inside the year
Last dividend: ₹47.00ex-date 19 Jun 2026

Price history

272 sessions on record · to 1 Oct · NSE end of day

POLYCAB is −9.3% over 20 sessions against Nifty's −6.2%, 21% below its 52-week high, realised volatility 27% annualised.

Returns against Nifty 50longest window first · Nifty 50 over the same sessions

Returns of the stock and Nifty 50 over six windows, longest first
Window	From ₹	POLYCAB %	Nifty 50 %	Difference pp
250 sessionssince 26 Sept	₹7,322.21	▲ +9.1%	▼ −9.1%	+18
120 sessionssince 9 Apr	₹7,607.35	▲ +5.0%	▼ −5.7%	+11
60 sessionssince 8 Jul	₹9,233.79	▼ −13%	▼ −6.1%	−7.4
20 sessionssince 2 Sept	₹8,804.41	▼ −9.2%	▼ −6.2%	−3.0
5 sessionssince 24 Sept	₹8,366.49	▼ −4.5%	▼ −2.8%	−1.7
1 sessionsince 30 Sept	₹8,026.12	▼ −0.45%	▼ −0.88%	+0.43

Averages of the closeclose against each average

5-session average: ₹8,143.60close −1.9% from it
20-session average: ₹8,289.48close −3.6% from it
50-session average: ₹8,784.91close −9.0% from it
200-session average: ₹8,380.67close −4.7% from it

Range and volumetrue range over 14 sessions · high to low over 20 · volume against the 20-session average

Average true range, 14: ₹1602.0% of the close
Average day's range, 20: ₹1501.8% of the close
Volume against 20 sessions: 1.02×4.6 L vs 4.6 L average

Volatility and co-movement with Nifty 50annualised from daily log returns · counts share one denominator per cell

Realised volatility, 20: 27%≈ ±1.7% a session · moved more than that on 3 of 20
Realised volatility, 60: 28%≈ ±1.8% a session · moved more than that on 12 of 60
Realised volatility, 250: 31%≈ ±1.9% a session · moved more than that on 62 of 250
Beta to Nifty, 60: 0.04moved with Nifty on 34 of 60 sessions
Beta to Nifty, 250: 1.05moved with Nifty on 167 of 250 sessions

Up and down sessionscloses above and below the previous close

Last 20 sessions: 7 up · 13 downof 20
Last 60 sessions: 29 up · 31 downof 60
Last 250 sessions: 130 up · 120 downof 250
Best session, 250: ▲ +7.0%7 May
Worst session, 250: ▼ −6.1%10 Mar

6 bulletins on POLYCAB

latest 19 Jul 2026

Beats in the coverage

July 2026

19 Jul Polycab India reports strong earnings, beats forecastsPolycab India Limited reported Q3 revenue of ₹82b, exceeding forecasts by 4.7%. EPS of ₹51.94 was 13% above expectations, leading analysts to project revenues of ₹361.1b by 2027, a 16% increase from the previous year.High 16 Jul Polycab Q1 revenue growth exceeds expectationsPolycab India Ltd. reported Q1 revenue of ₹8,209 cr, up 39% YoY, exceeding estimates. EBITDA also surpassed expectations at ₹1,136 cr, though EBITDA margin contracted to 13.8%.High 4 Jul BSNL awards ₹3,000 crore BharatNet contract to PolycabBSNL awarded a ₹3,000 crore contract to Polycab for the BharatNet Project in Bihar, enhancing rural broadband connectivity. Polycab will design and maintain the network, benefiting over 2 lakh gram panchayats and supporting essential services.High

May 2026

8 May Polycab Q4FY26 revenue rises 27%, brokerages optimisticPolycab India reported a 27% YoY revenue increase in Q4FY26, driven by strong growth in cables and wires and a 39% surge in the FMEG segment. Brokerages remain optimistic, with Elara Capital raising its target price to ₹8,920.Medium 7 May Polycab India Q4 expenses rise 29%, margins contractPolycab India reported a 29.7% rise in Q4 expenses to ₹7,875.6 cr, causing EBITDA margin to contract by 160 basis points to 13.1%. Revenue increased by 27% YoY to ₹8,864.4 cr, driven by robust demand in the Wires Cables segment.Medium

March 2026

11 Mar Polycab warns of near-term volume growth moderationPolycab India Ltd. forecasts near-term volume growth to moderate to mid-single digits, while maintaining a positive medium-term outlook. The company expects industry growth at 13%, supported by strong demand and government infrastructure spending.Medium

About Polycab India Limited

exchange masters as of 18 Sept 2026 · classification by BSE

Company: Polycab India Limited
Exchange: NSE · BSE 542652, group A
Listed on NSE: 16 Apr 2019
Classification: Industrials › Capital Goods › Industrial Products › Cables - Electricals
Index: BSE 200
Face value: ₹10 a share
ISIN: INE455K01017
Sessions on record: 272
Price source: NSE UDiFF bhavcopy · end of day · delayed
Filings: NSE and BSE public disclosures · results, shareholding and corporate actions as filed
Computed: 1 Oct, 09:18 pm IST
Bulletins: 6 · written by the desk · not a recommendation

OI Charts is not a SEBI-registered investment adviser or research analyst. Prices, open interest, filings and the desk read are exchange data and arithmetic on it, not a basis for any investment decision.