just posted its best quarterly revenue growth in 3 years — a whopping +34% QoQ! The electricals giant is gaining market share across wires, cables, and FMEG (fans, lighting, switches).
Here’s why the stock deserves your attention:
Key Highlights (Q4 FY25)
Revenue: ₹7,034 crore (+34% QoQ, +25% YoY)
Net Profit: ₹734 crore
ROE: 20.55% — very efficient use of shareholder funds
EPS: Rising consistently for 3 quarters
Debt: Almost zero — a strong balance sheet
What’s driving the growth?
Polycab is expanding fast in both domestic and export markets. The uptick in infra, real estate, and industrial projects is directly boosting demand for wires & cables.
But Watch Out
The stock trades at a high P/E and 7.88x book value — valuation is rich.
Promoters slightly reduced stake, and FII holding dipped last quarter.
It’s below 20 and 200 DMA, showing short-term weakness.
Big Picture
Polycab is firing on all cylinders — high growth, low debt, rising profit margins, and efficient capital use. It's a solid long-term compounder in the consumer durables + infra theme.
If you're bullish on India’s infra story and electrification trend, Polycab could be a stock to accumulate on dips.