Polycab India stock gains 1.13 percent as target stays high

Published on 10/05/2026 at 22:40 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Polycab India stock traded at INR 8,080 on October 5, 2026, while Prabhudas Lilladher kept a INR 10,764 target. Q1 FY27 sales rose 39.0 percent to INR 82,097 million.

Polycab, INE455K01017, Illustration mit AI erstellt.

Polycab India (ISIN INE455K01017) was trading at INR 8,080 on the NSE on October 5, 2026, up 1.13 percent from the previous close. The immediate catalyst was an analyst target of INR 10,764, while the company's latest quarter delivered 39.0 percent revenue growth.

Analyst target stays at INR 10,764

Prabhudas Lilladher maintained its BUY rating and INR 10,764 target for Polycab India in a management-meet update dated September 3, 2026, according to DSIJ. The target lies 33.2 percent above the October 5 price of INR 8,080.

The broker's forecast calls for revenue, EBITDA and PAT compound annual growth rates of 22.6 percent, 23.0 percent and 22.9 percent, respectively, from FY26 to FY28E, with the target based on 40 times FY28E earnings. The same update identified commodity-price volatility and BharatNet revenue timing as factors that can affect quarterly margins and reported growth.

Q1 FY27 sales climbed 39.0 percent

Polycab reported Q1 FY27 net sales of INR 82,097 million, EBITDA of INR 11,362 million and PAT of INR 7,967 million on its investor-relations page. The figures cover the quarter ended June 30, 2026, and are presented in the company's consolidated financial metrics at Polycab India.

Q1 FY27 revenue increased 39.0 percent year over year, while EBITDA rose 32.5 percent and adjusted PAT advanced 32.5 percent, according to DSIJ. That combination puts volume growth alongside margin execution at the center of the investment case.

Competition meets distribution strength

Jefferies retained a Buy rating and an INR 11,100 target after hosting Polycab management at the Jefferies India Forum, as reported on September 22, 2026, by The Economic Times. The report cited distribution scale and volume growth, while also flagging competition, demand risk and copper volatility.

Polycab's organized wires and cables market share reached 30-31 percent in FY26, up from 18 percent in FY19, according to the September 3 broker update. The company also routes 90 percent of sales through distribution, a structural advantage that supports reach while new competition tests pricing power.

Stock remains 20.2 percent below its high

Polycab India had an October 5 intraday range of INR 7,980.50 to INR 8,186, with volume of 424,019 shares. Its INR 8,080 price was 20.2 percent below the 52-week high of INR 10,126 and 21.3 percent above the low of INR 6,663.

Market capitalization stood at INR 1.2 trillion on October 5, 2026. For investors, the central comparison is clear: Q1 FY27 sales grew 39.0 percent, while the share price still trades well below its yearly peak.