Polycab India Limited vs KEI Industries Limited
An objective side-by-side of POLYCAB and KEI, both in Cables - Power: valuation, profitability, growth, balance sheet, ownership and share-price performance. Where one number is clearly better on its own terms (lower P/E, higher ROE), it is shaded. That is a description, not a recommendation.
Prices as of 2026-09-21 close
Latest results: POLYCAB Jun 2026 · KEI Jun 2026
At a glance
- Polycab India Limited is the larger company by market value, about 2.9 times the size of KEI Industries Limited.
- On trailing earnings, Polycab India Limited trades at the lower P/E (43.4 against 44.1).
- Polycab India Limited earns the higher return on equity (24.2% against 15.0%).
- Over three years Polycab India Limited has grown profits faster (27% a year against 24%).
- Over the past year the share prices returned +15.4% (POLYCAB) and +12.2% (KEI).
| Metric | Polycab India POLYCAB |
KEI Industries KEI |
|---|---|---|
| Size and price | ||
| Market cap | ₹126,074 Cr | ₹43,938 Cr |
| Share price | ₹8,370 | ₹4,596 |
| Valuation | ||
| P/E | 43.39 | 44.09 |
| P/B | 10.50 | 6.59 |
| EV/EBITDA | 29.48 | 32.32 |
| PEG | 1.61 | 1.84 |
| Dividend yield | 0.6% | 0.1% |
| Profitability | ||
| ROE | 24.2% | 15.0% |
| ROCE | 33.0% | 20.0% |
| Operating margin | 13.7% | 11.1% |
| Sales (TTM) | ₹31,187 Cr | ₹12,342 Cr |
| Net profit (TTM) | ₹2,906 Cr | ₹997 Cr |
| Growth | ||
| Latest quarter sales YoY | +39.0% | +23.0% |
| Latest quarter profit YoY | +32.8% | +40.0% |
| Sales CAGR 3Y | +27.0% | +19.0% |
| Profit CAGR 3Y | +27.0% | +24.0% |
| Sales CAGR 5Y | +27.0% | +23.0% |
| Profit CAGR 5Y | +24.0% | +28.0% |
| Financial strength | ||
| Debt/Equity | 0.02 | 0.04 |
| Interest cover | 14.85 | 17.71 |
| Ownership | ||
| Promoter holding | 61.5% | 35.0% |
| Promoter change (4 qtrs) | -1.55 pp | -0.01 pp |
| Price performance | ||
| Return 1M | -8.28% | -19.01% |
| Return 3M | -16.49% | -18.81% |
| Return 1Y | +15.44% | +12.21% |
| Return YTD | +9.85% | +3.04% |
| Technical condition | ||
| Technical score | 29 | 18 |
| RS rating (1-99) | 57.00 | 52.00 |
| % vs 200-DMA | +0.30% | -4.34% |
| RSI (14) | 40.43 | 33.82 |
| % from 52-week high | -17.35% | -22.09% |
