Polycab India Stock Forecast

Stock Price Forecast

According to 31 analysts polled by S&P Global, Polycab India stock has a consensus rating of "Buy" and an average price target of ₹9,334. The average 1-year stock price forecast is 2.56% lower than the current stock price, while the lowest is ₹6,490 (-32.25%) and the highest is ₹10,500 (+9.61%).

Price Target: ₹9,334 (-2.56%)

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	₹6,490	₹9,334	₹9,591	₹10,500
Change	-32.25%	-2.56%	+0.12%	+9.61%

Analyst Ratings

The average analyst rating for Polycab India stock is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	Jan '26	Feb '26	Mar '26	Apr '26	May '26	Jun '26
Strong Buy	19	19	17	16	14	14
Buy	6	6	7	7	8	8
Hold	4	4	5	7	8	8
Sell	1	1	1	0	0	0
Strong Sell	1	1	1	1	1	1
Total	31	31	31	31	31	31

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Rishabh Gupta J.P. Morgan	J.P. Morgan	Buy Maintains ₹10,250	Buy	Maintains	₹10,250	+7.00%	May 18, 2026
Unknown Analyst Geojit Research No rating	Geojit Research	Hold Maintains ₹10,019	Hold	Maintains	₹10,019	+4.59%	May 15, 2026
Sonali Salgaonkar Jefferies	Jefferies	Buy Maintains ₹8,950 → ₹9,770	Buy	Maintains	₹8,950 → ₹9,770	+1.99%	May 8, 2026

Financial Forecast

Revenue This Year

350.22B

from 288.84B

21.25%

from 288.84B

Revenue Next Year

410.19B

from 350.22B

17.12%

from 350.22B

EPS This Year

210.48

from 176.95

18.95%

from 176.95

EPS Next Year

246.95

from 210.48

17.33%

from 210.48

Fiscal Year	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Mar 31, 2022	Mar 31, 2023	Mar 31, 2024	Mar 31, 2025	Mar 31, 2026	Mar 31, 2027
Revenue	122.04B	141.08B	180.39B	224.08B	288.84B	350.22B
Revenue Growth	38.80%	15.60%	27.87%	24.22%	28.90%	21.25%
Gross Profit	27.13B	35.77B	47.30B	55.40B	72.63B	93.48B
Gross Margin	22.23%	25.36%	26.22%	24.72%	25.15%	26.69%
Operating Income	10.65B	16.43B	22.47B	26.70B	37.16B	42.59B
Net Income	9.09B	12.71B	17.84B	20.20B	26.72B	31.64B
EPS	-	-	-	-	176.95	210.48
EPS Growth	-	-	-	-	32.25%	18.95%
Forward PE	34.74	31.98	42.38	33.72	34.49	45.51
Dividend / Share	14.00	20.00	30.00	35.00	47.00	53.62
Dividend Growth	-	42.86%	50.00%	16.67%	34.29%	14.08%
Free Cash Flow	-2.15B	6.52B	1.34B	5.89B	16.20B	9.14B
No. Analysts	-	-	-	-	-	31

EPS and Forward PE are based on non-GAAP adjusted numbers. Financial currency is INR.

Revenue Forecast

Revenue	2027	2028	2029
High	376.7B
Avg	350.2B
Low	326.3B

Revenue Growth

Revenue Growth	2027	2028	2029
High	30.4%
Avg	21.3%
Low	13.0%

EPS Forecast

EPS	2027	2028	2029
High	228.06
Avg	210.48
Low	193.60

EPS Growth

EPS Growth	2027	2028	2029
High	28.9%
Avg	18.9%
Low	9.4%