Polycab Share Prices are in the news as Polycab is one of the leading manufacturers of wires and cables in India. This stock has proven to be multi-bagger and nearly tripled in value in the past two years. However, currently, the company is facing challenges as new companies enter in cables and wires segment. This raises a question for investors should they invest or not? Let’s try to find some answers with company financials, target price, and recommendations.
Polycab Share Price in Today’s Market
As of 3rd March 2025. Polycab Share prices are at Rs 4601.25 which is 2.34% lower than the opening price. In the last trading session share prices closed at Rs 4713.40. The stock has significantly declined in value in the past few months, nearly 35%. The current UC Limit is at Rs 5184.70 and LC Limit is at Rs 4242.10.
Company Financials
The company has shown solid financial performance and growth in past years. In Q3 FY 25 the company reported consolidated revenue of Rs 5,226.06 Crore. That is 20.41% increase in from the same period last year. Also, Net Profit rose by 11.49% to Rs 464.35 Crore.
Recent News about Polycab India
As new players enter into the cables and wires market Polycab India’s stock price has taken a hit. However, analysts are optimistic about Polycab’s reasonable valuation and minimal impact after new entries in the market.
Polycab has also strategic export opportunities under the ‘China Plus One’ strategy. This gives a positive sentiment for investors.
Polycab Share Target Price
According to HSBC Navuma Polycab, share prices could go up to Rs 8340 and Jefferies suggests share prices could touch Rs 8315. UBS also suggests a target price of Rs 7700 which was previously set to Rs 9000.
Recommendation on Buy or Sell?
Although competition is rising in the cable and wires segment Polycab India has healthy financials and strategic growth plans set up which give upside for investors. On moneycontrol website,67% of 30 analysts suggest Buying Polycab Shares. Also, consensus suggests BUY with an average target price of Rs 7497.64.
