Today, on 21st March 2025, Polycab Share Price continued to experience a steady decline in its share value since the opening bell. The tumbling shares of several cable and wires companies were set as a trend as Adani entered the sector- announced on Wednesday, 19th March.
On 19th March, Adani Group’s subsidiary, Kutch Copper Limited, successfully incorporated Praneetha Ecocables Limited (PEL), a joint venture with Praneetha Ventures Private Limited. KCL would hold 50% of PEL’s equity share capital.
Since this news came to light, shares of other cable and wire businesses, like Polycab, suffered a decline. However, analysts and market experts assured us that this trend would be short-lived and unlikely to impact the companies’ earnings.
Polycab Share Price in Today’s Market
At 11:50 a.m., Polycab’s share price was Rs. 5076.5, nearly 0.46% lower than the opening rate. And 0.1% lower than its previous close. According to the reports and estimates on Money Control, the current market capitalization shows 76,356 cores; the UC Limit is 5,591.70, and the LC Limit is 4,575.10.
Company Financials
In the third quarter of FY 2024-25, Polycab Services recorded its highest-ever third quarter with a revenue of Rs. 5,226 crores, marking a 20% increase compared to Rs. 4,340.4 crores in last year’s third quarter. The company’s net profit increased by 11% to Rs. 463.3 crore. Earnings Before Interest and Tax (EBIT) for the quarter was at Rs. 645 crore, with an EBIT margin of 11.8%.
Recent News About Polycab
- In their efforts to expand high-speed broadband connectivity to rural India, In March 2025, BSNL and Polycab signed a contract worth Rs 3,000 crore.
- For this project, Polycab will design, construct, install, upgrade, operate, and maintain BharatNet’s middle-mile network in Bihar. The construction phase is set to last three years, followed by a ten-year operation and maintenance period.
Polycab Share Price Target
Analysts on Trendlyne predict that Polycab India Ltd. has an average target of 7222.18. The consensus estimate represents an upside of 41.96% from the last price of 5087.55.
Should You Buy, Sell, Or Hold?
Analysts and market experts from multiple sources strongly suggest buying Polycab shares. But, before investing in the company, consider its long-term performance and consult your analyst to make the perfect move.
