Polycab India (NSE:POLYCAB) Construction In Progress: ₹14,560 Mil (As of Mar. 2026)


NSE:POLYCAB Polycab India Ltd NSE:POLYCAB
95 GF Score
Price ₹9,961.00
GF Value ₹9,434.22
Valuation Fairly Valued
! 6 Warning Signs
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What is Polycab India Construction In Progress?

Polycab India NSE:POLYCAB +2.60% 95 Construction In Progress is ₹14,560 Mil as of Mar. 2026. GuruFocus rates NSE:POLYCAB with a GF Score™ of 95/100 and a GF Value™ of ₹9,434.22 (Fairly Valued). The stock has 6 warning signs investors should review.

Polycab India's quarterly construction in progress increased from Sep. 2025 (₹8,601 Mil) to Dec. 2025 (₹11,294 Mil) and increased from Dec. 2025 (₹11,294 Mil) to Mar. 2026 (₹14,560 Mil).

Polycab India's annual construction in progress increased from Mar. 2024 (₹8,056 Mil) to Mar. 2025 (₹9,597 Mil) and increased from Mar. 2025 (₹9,597 Mil) to Mar. 2026 (₹14,560 Mil).

Polycab India Construction In Progress Historical Data

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The historical data trend for Polycab India's Construction In Progress can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Polycab India Construction In Progress Chart

Polycab India Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Construction In Progress
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4,308.24 3,344.49 8,056.46 9,597.03 14,560.35

Polycab India Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Construction In Progress Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 9,597.03 0.00 8,601.29 11,293.94 14,560.35
NSE:POLYCAB
95GF Score
Polycab India Ltd NSE:POLYCAB
Construction In Progress is just one metric. See GF Score™, valuation, warning signs, and more.
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Polycab India Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

What does a Construction In Progress of ₹14,560 Mil mean?
Polycab India (NSE:POLYCAB) has a Construction In Progress of ₹14,560 Mil as of Mar. 2026. Construction in Progress records the amount of construction work that is not complete. View historical data on Polycab India and its competitors.
Is Polycab India's Construction In Progress too high?
Polycab India's current Construction In Progress is ₹14,560 Mil. Overall, Polycab India has a GF Score™ of 95/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Polycab India's Construction In Progress compare to VRT and BE?
Polycab India's Construction In Progress of ₹14,560 Mil can be compared against companies in the Industrial Products industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Construction In Progress for an Industrial Products company?
A good Construction In Progress depends on the Industrial Products industry context. However, Construction In Progress should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Construction In Progress mean?
A high Construction In Progress can signal that a stock is expensive relative to its fundamentals. Construction in Progress records the amount of construction work that is not complete. View historical data on Polycab India and its competitors. Polycab India's current Construction In Progress is ₹14,560 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Polycab India stock overvalued right now?
Based on GuruFocus' analysis, Polycab India (NSE:POLYCAB) is currently considered Fairly Valued. The stock's GF Value™ is ₹9,434.22, compared to a current price of ₹9,961.00 — trading 5.6% above its estimated fair value. The current Construction In Progress is ₹14,560 Mil. Polycab India's overall GF Score™ is 95/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Construction In Progress calculated?
Construction In Progress is calculated from a company's financial statements. For Polycab India (NSE:POLYCAB), the current Construction In Progress is ₹14,560 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Polycab India (NSE:POLYCAB) Overvalued in 2026?

Based on GuruFocus' analysis, Polycab India stock appears to be overvalued. The current stock price of ₹9,961.00 is trading 5.6% above its estimated GF Value™ of ₹9,434.22. GuruFocus considers Polycab India to be Fairly Valued.

Key valuation signals for NSE:POLYCAB:

  • Construction In Progress: ₹14,560 Mil
  • GF Value™: ₹9,434.22 vs. price of ₹9,961.00 (5.6% above fair value)
  • GF Score™: 95/100 with 6 warning signs

No single metric tells the full story. See the NSE:POLYCAB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Polycab India Business Description

Other Exchanges 542652:India
Address No. 29, Tulsi Pipe Road, The Ruby, 21st Floor, Senapati Bapat Marg, Dadar (West), Mumbai, MH, IND, 400028
Polycab India Ltd is engaged in the business of manufacturing and selling wires and cables and fast moving electrical goods under the POLYCAB brand. The business activities are carried out through Wires and cables, Fast moving electrical goods (FMEG), and the EPC segment. It generates maximum revenue from the Wires and cables segment. Geographically, it derives a majority of revenue from India, and also has its presence Overseas. Some of its products include Power cables, Control Cables, Instrumentation Cables, Optical Fibre Cables (OFC), Solar Cables, Building Cables, Flexible Wires, and others.
95GF Score

Get the complete analysis for NSE:POLYCAB

Construction In Progress is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹9,961.00
Price
₹9,434.22
GF Value