POLYCAB.NS · Intrinsic value
Is Polycab India Limited (POLYCAB.NS) overvalued or undervalued?
Polycab India Limited (POLYCAB.NS) trades at the delayed market price of ₹8,025.00 a share. That price already implies revenue growth of 22.2% a year for 5 years. TickerWorth's fair value is ₹5,613.04 a share (43% above fair value), as of Oct 19, 2026. It is a model estimate, and every input behind it is sourced below.
Model by Miraaj Patel · generated from market data · Updated Oct 19, 2026 · How these pages are made
Is POLYCAB.NS overvalued?
- Fair value
- ₹5,613.04
- Market price
- ₹8,025.00
- Downside to fair value
- 30.1%
- Verdict
- 43% above fair value
Reverse DCF: Today's price implies revenue growth of 22.2% a year for 5 years; our model assumes 16.6% a year on average over the same horizon.
What is POLYCAB.NS's TickerWorth Score?
Middle of the pack — real strengths and real weaknesses
Compared with Industrials companies in India
Its strongest point: looks cheap on the numbers. Its weakest: trades above our estimate of what it's worth.
- Value · 64 of 100
Cheaper than 64% of Industrials companies in India
- Price vs worth · 26 of 100
- Quality · 50 of 100
More profitable than 50% of Industrials companies in India
- Financial health · 50 of 100
Financially stronger than 50% of Industrials companies in India
- Growth · 65 of 100
Growing faster than 65% of Industrials companies in India
- Momentum · 47 of 100
Outperformed 47% of Industrials companies in India over the past year
Confidence: High confidence · Scored
Get the Undervalued Company of the Week.
POLYCAB.NS DCF valuation: what the price assumes
At a recent price of ₹8,025, Polycab India Limited (POLYCAB.NS) trades 43% above TickerWorth's blended fair value of ₹5,613 per share — a discounted-cash-flow model cross-checked against peer multiples and asset value — meaning the market currently prices POLYCAB.NS overvalued vs our estimate of what the business is intrinsically worth. Our fair value sits below the market, an implied -30.1% move to close the gap if the business performs in line with our assumptions. This is an educational model, not a price target or a recommendation — the value moves with the inputs, which you can test yourself using the WACC slider below.
Read the full reasoning
One of the lenses behind that blended figure is a discounted-cash-flow model, which on its own values POLYCAB.NS at about ₹6,716 per share. The rest of this page walks through that DCF — its assumptions, reverse-DCF and discount-rate sensitivity — because it is the auditable anchor of the blend.
The valuation discounts Polycab India Limited's projected free cash flows at a weighted-average cost of capital (WACC) of 8.6%, with a long-run terminal growth rate of 2.5%. About 78% of the enterprise value comes from the terminal value — the portion beyond the explicit forecast window — which is typical for a stable, cash-generative business and a reminder that small changes in the discount rate or terminal growth assumption swing the intrinsic value meaningfully.
Running the DCF in reverse — solving for the growth the current price already assumes — the market is implying roughly 22.2% annual revenue growth for POLYCAB.NS. Our base case instead compounds to about 16.6% a year over the same forecast, so the market is pricing in materially faster growth than our base case. The reverse-DCF is a quick sanity check: it reframes 'is this stock cheap?' as 'do I believe the growth the price requires?' rather than arguing over a single point estimate of fair value.
Sensitivity matters more than any single number. Across a reasonable band of discount-rate assumptions, POLYCAB.NS's modeled DCF value ranges from about ₹4,926 to ₹10,985 per share. If that range still sits below today's price, the market is optimistic relative to the model across the whole band; if it brackets the price, the stock is roughly fairly valued on our assumptions. Use the interactive slider to see exactly where your own cost-of-capital view lands.
How to read this page: the DCF fair value is what Polycab India Limited would be worth if its cash flows grow as modeled and are discounted at the stated WACC. The assumptions table shows every input and its source; the reverse-DCF shows what the market believes; the sensitivity band shows how fragile the answer is. None of this is investment advice — it is a transparent, auditable framework for forming your own view of POLYCAB.NS's intrinsic value. Figures update as new filings and prices come in.
Every input behind POLYCAB.NS's DCF
| Input | Value |
|---|---|
| Base-year revenueLive feed — totalRevenue (TTM) | ₹311,875,470,000 |
| Base EBIT marginComputed — trailing operatingMargins, held roughly flat | 12.7% |
| Forecast revenue growthESTIMATEAssumption — TickerWorth's 5-year explicit forecast | 30% → 24% → 17% → 10% → 4% |
| Risk-free rateLive feed — US 10-year Treasury yield (^TNX) | 5.3% |
| BetaLive feed — yfinance, 5-year monthly beta vs the S&P 500 (clamped to 0.4–2.5) | 0.70 |
| Terminal growthESTIMATEAssumption — TickerWorth house default 2.5%, held below WACC | 2.5% |
| Diluted sharesLive feed — sharesOutstanding | 151M |
| Market priceLast known price · as of 2026-10-19 21:02 UTC | ₹8,025 |
Change POLYCAB.NS's assumptions
The discount-rate dial and the editable model
ProChange growth, margin and WACC yourself — Pro (7-day free trial, card required).
What does Polycab India Limited do?
What does it do?
Polycab India Limited manufactures and sells wires and cables under the POLYCAB brand in India and internationally. The company operates through three segments: Wires and Cables; Fast Moving Electrical Goods (FMEG); and Engineering, Procurement and Construction (EPC). It operates in the Electrical Equipment & Parts industry (Industrials sector), headquartered in India.
How does it make money?
The business turns 346.1B in annual revenue into profit. Out of every $100 of sales, about $13 is left as operating profit (operating margin of 13.3%), after a 24% gross margin on the products/services it sells. After all costs, taxes and interest, 9.1% of revenue becomes bottom-line net profit.
Is it financially healthy?
Financially it looks mixed: carries heavy debt (2.1× equity), comfortably covers its short-term bills (1.7× current ratio), and is currently profitable.
POLYCAB.NS insider trading
Insider filings are available for US-listed companies only.
Common questions
What is POLYCAB.NS's intrinsic value?
TickerWorth's blended fair value for Polycab India Limited (POLYCAB.NS) is ₹5,613 per share, versus a market price of ₹8,025 (43% above fair value).
Is POLYCAB.NS overvalued or undervalued?
On our blended fair value POLYCAB.NS looks overvalued vs fair value at ₹8,025. This is an educational estimate, not advice.
What discount rate is used for POLYCAB.NS?
A WACC of 8.6% and a terminal growth rate of 2.5%.
Is Polycab India stock undervalued?
TickerWorth's fair value for Polycab India Limited (POLYCAB.NS) is ₹5,613.04 against a market price of ₹8,025.00. Our read: 43% above fair value. This is a model estimate, not investment advice.
Polycab India (POLYCAB.NS) DCF valuation and fair value
Our fair value for Polycab India Limited (POLYCAB.NS) is ₹5,613.04, built on a 8.6% discount rate (WACC) and 2.5% terminal growth. It blends our discounted-cash-flow model with other valuation lenses. Every assumption is listed on this page with its source.
What growth is priced into Polycab India stock?
Today's price implies revenue growth of 22.2% a year for 5 years; our model assumes 16.6% a year on average over the same horizon. This is a reverse DCF: it holds our cash-flow model's other inputs and solves for the revenue growth that makes the model equal today's price of ₹8,025.00. A model estimate, not investment advice.
Polycab India (POLYCAB.NS) insider trading
We have no recent SEC Form 4 insider filings on file for Polycab India Limited (POLYCAB.NS). Form 4 covers US-listed companies only.
Stocks below our fair value instead
Not investment advice. TickerWorth Score is a model output.
Educational tool. Every output reflects the assumptions shown — not a prediction and not investment advice. TickerWorth is not a licensed investment adviser, and these figures are estimates from public filings and market data that can be wrong.