Polycab Share Price

Share Price
6,624.85 (-0.64%)
52 Week High
52 Week Low
All Time High
Last Updated
18 July 2024

Polycab India Limited is a prominent manufacturer of cables and wires, as well as ancillary items such as uPVC conduits, lugs, and glands in India.

No business is big from its inception.

Polycab began its journey as a family enterprise, i.e., ‘Sind Electric Stores’ established by Late Thakurdas Jaisinghani in 1964.

The management was later passed on to Thakurdas’s sons – who founded ‘Thakur Industries’ in 1968. In 1983, ‘Polycab Industries,’ a partnership firm, emerged, marking a pivotal moment as a small-scale industrial unit in Halol for PVC-insulated wires and cables.

In 1996, the Company officially became ‘Polycab Wires Pvt. Ltd.’ under the Companies Act of 1956.

The status of Polycab as a public company is quite an interesting story as initially, it did not intend to go public. In 2000, the Company was compulsorily made a public limited company due to some of the provisions of the Companies Act of 1956. It was not a usual listing.

In 2001, due to the same legal provisions, the Company regained its status as a private company. Thereafter, it took 17 years for it to go public.

It then converted into a public limited company, as it is now, in 2018. A fresh certificate of incorporation was issued with the name of “Polycab India Limited (Formerly Polycab Wires Limited).

Diversification into Fast Moving Electrical Goods:

Over the years, Polycab expanded its horizons, evolving into ‘Polycab India Limited’ in 2018. Now, it is India’s largest manufacturer of wires and cables.

Beyond its core business, Polycab entered the Fast-Moving Electrical Goods (FMEG) sector in 2014, offering products like electric fans, LED lighting, switches, and solar solutions.

In 2009, the Company diversified further by venturing into Engineering Procurement and Construction (EPC) projects, showcasing a commitment to innovation and market adaptability.

Polycab’s 24 manufacturing facilities, spread across Gujarat, Maharashtra, Uttarakhand, Tamil Nadu, and Daman, ensure a robust production capacity.

Innovation and Adaptability: From the Ryker Plant, a joint venture for copper wire rods, to IoT-enabled home automation solutions and a vast array of appliances, Polycab adapts to market demands and embraces emerging trends.

Polycab IPO Share Price

Polycab offered its shares to the public in April 2019 at a price of ₹ 538 per share. Investors showed massive interest as the IPO was subscribed 52 times.

Polycab listed on NSE and BSE on April 16 2019. Investors who were lucky to get allotment in the IPO were rewarded as Polycab shares opened at ₹ 633 and closed its first trading day even higher at ₹ 655 per share. Listing gain was around 20%.

However, the real gains were made by those who continued to hold the shares for long term. Polycab shares have risen nearly 10 times in just 4 years – crossing the ₹ 5000 mark in 2023.

Update 11 January 2024: Shares of Polycab have fallen more than 20% today, after income tax raids revealed “unaccounted cash sales” of about ₹ 1,000 crore. The stock price hit multiple lower circuits at the beginning of the day – with shares in excess of ₹ 5000 crore exchanging hands in the first half of the day.

Update 11 July 2024: Income Tax raids and other issues have had no impact on the share price. Those who sold fearing financial fraud have to now live in regret – as the share price has gone up more than 50% after the impact of the news was absorbed.

Polycab Share Price History

Year Share Price Gain / Loss
IPO ₹ 538.00
Listing ₹ 655.00 + 21.7%
2019 ₹ 992.00 + 51.5%
2020 ₹ 1,037.00 + 4.5%
2021 ₹ 2,467.00 + 137.9%
2022 ₹ 2,569.00 + 4.1%
2023 ₹ 5,500.00 + 114.1%
2024 ₹ 6,624.85 + 20.5%

Polycab Share Price Chart

Polycab India Share Price Click here for high resolution Polycab India Share Price chart

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  • During 2019, the share price of Polycab India was ₹ 538.
  • If you had bought shares worth ₹ 2500 in 2019, you would have 46 shares today.
  • At the end of 2024, the current value of your shares would be ₹ 307846.

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