Polycab India Limited Overview
Pro stress-test →Polycab India is India's largest manufacturer of wires and cables and one of the fastest growing FMEG companies. The company operates diversified business segments including Wires & Cables (core business), Fast Moving Electrical Goods (FMEG), and Engineering, Procurement & Construction (EPC). Sales rose 46.12% to Rs 7636.13 crore in the quarter ended December 2025, demonstrating strong momentum.
Strategic Profile
Pro stress-test →Its business operations span across India through 27 manufacturing facilities, 15 offices and 34 warehouses. The company is expanding beyond core cables into consumer electrical products including fans, LED lighting, switchgear, and solar products. Polycab India shares dropped 10% after UltraTech Cement Limited announced its entry into the wires and cables segment, indicating emerging competitive pressures in the core market.
Competitive Landscape
Pro stress-test →Polycab is India's largest manufacturer of wires and cables, commanding significant market share in the organized sector. The competitive landscape includes both established players and new entrants; UltraTech Cement's strategic entry into the segment signals intensifying competition. The company maintains competitive advantage through scale, brand recognition, and diversified product portfolio across FMEG and EPC segments.
Industry Context
Polycab India Limited operates in Electrical Equipment Manufacturing / Cables & Wires.
Key facts
Founded: 1964 · Headquarters: Mumbai, India · Employees: 25,130 · Revenue: ₹27,005 Crore (FY2025E) · Market cap: ₹114,229 Crore (~$13.7B USD)