Polycab India share price declines 3% after huge block deal; Check the details

Synopsis: Polycab India plunged sharply after a large block deal took place, valued at around Rs 590 crore. About 7.98 lakh shares, or approximately 0.53% of the company, were traded at an average price of Rs 7,387.5.

The shares of this leading company, engaged in the manufacturing of cables and wires and other FMEG products, are in focus after a large block deal took place in BSE. In this article, we will delve more into the details of it.

With a market capitalisation of Rs 1,11,920 crore, the shares of Polycab India Ltd reached a day low at Rs 7,342 per share, down 3 percent from its previous day’s closing price of Rs 7,569.55 per share. Over the past five years, the stock has delivered a robust return of 523 percent, outperforming NIFTY 50’s return of 78 percent.

About the deal

Polycab India’s shares fell by nearly 3 percent on Wednesday, after a substantial block deal triggered a round of selling. As part of this deal, nearly 7.98 lakh shares, representing 0.53 percent of the company’s equity, were traded in the deal at an average price of Rs 7,387.5 each, amounting to roughly Rs 590 crore. Though the buyers and sellers have not yet known, the block deal might involved a domestic mutual fund as the seller.

Financials

The revenue from operations for Polycab India stands at Rs 6,477 crores in Q2 FY26 compared to Q2 FY25 revenue of Rs 5,498 crores, up by 18 per cent YoY. Additionally, on a QoQ basis, it reported a growth of 10 percent from Rs 5,906 crore. 

Coming down to its profitability, the company’s net profit stood at Rs 693 crore in Q2 FY26, up from Rs 445 crore in Q2 FY25, which is a growth of 56 percent YoY. Additionally, on a QoQ basis, it reported a net profit of Rs 600 crore, which is a growth of 16 percent.

Coming to its sales mix, Polycab India derived Rs 5,633 crore from Wires & Cables, which saw a 21 percent growth YoY. Its FMEG (Fast-Moving Electrical Goods) also reported a robust 14 percent growth YoY, reaching Rs 443.7 crore. However, its EPC segment declined by 19 percent YoY, reaching Rs 402.4 crore.

Polycab India Limited is a dominant wire and cable manufacturer under the brand name POLYCAB for both domestic and global markets. Its product offerings include power, control, solar, communication, and speciality cables, as well as a range of electrical accessories and appliances like fans, lighting, switches, switchgear, solar solutions, and home appliances. 

The company also operates in the EPC segment, providing design and execution services for power distribution and electrification projects, with the backing of a comprehensive distribution network at retail outlets, dealers, and distributors.

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