Polycab IndiaNSE:POLYCAB -1.78%97 EV-to-FCF is 176.04 as of Jul. 08, 2026, which is 262% above its 10-year median of 48.59. GuruFocus rates NSE:POLYCAB with a GF Score™ of 97/100 and a GF Value™ of ₹9,522.63 (Fairly Valued). The stock has 6 warning signs investors should review. Among 1,728 Industrial Products companies, Polycab India ranks worse than 89.99% on this metric.
EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Polycab India's Enterprise Value is ₹1,397,457 Mil.
Polycab India's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was ₹7,938 Mil. Therefore, Polycab India's EV-to-FCF for today is 176.04.
The historical rank and industry rank for Polycab India's EV-to-FCF or its related term are showing as below:
NSE:POLYCAB'
s EV-to-FCF Range Over the Past 10 Years
Min: -50291.34 Med: 48.59 Max: 2424.09
Current: 181.73
During the past 11 years, the highest EV-to-FCF of Polycab India was 2424.09. The lowest was -50291.34. And the median was 48.59.
NSE:POLYCAB's EV-to-FCF is ranked worse than 89.99% of 1728
companies
in the Industrial Products industry
Industry Median: 26.445
vs NSE:POLYCAB: 181.73
EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
Polycab India's PE Ratio (TTM) for today is calculated as:
Polycab India's share price for today is ₹9234.00.
Polycab India's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹177.860.
* 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.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Free Cash Flow is an important financial metric because it represents the actual amount of cash at a company's disposal. Companies with a low EV-to-FCF ratio, combined with a strong balance sheet are generally considered as undervalued.
Polycab India EV-to-FCF Related Terms
Polycab India EV-to-FCF Historical Data
* Premium members only.
The historical data trend for Polycab India's EV-to-FCF 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.
For the Electrical Equipment & Parts subindustry, Polycab India's EV-to-FCF, along with its competitors' market caps and EV-to-FCF data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Polycab India EV-to-FCF vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Polycab India's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where Polycab India's EV-to-FCF falls into.
Polycab India's current Enterprise Value is ₹1,397,457 Mil.
Polycab India's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹7,938 Mil.
* 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 (NSE:POLYCAB) has a EV-to-FCF of 176.04 as of Jul. 08, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Polycab India and its competitors. This is 262% above median its historical median of 48.59. According to the industry distribution chart, Polycab India ranks #1555 out of 1728 companies in the Industrial Products industry, placing it in the top 90%.
Is Polycab India's EV-to-FCF too high?
Polycab India's current EV-to-FCF of 176.04 is 262% above median its 10-year median of 48.59. The Industrial Products industry median EV-to-FCF is 26.45. Polycab India's value of 176.04 is 565.7% above this industry median. Based on the distribution chart, Polycab India ranks #1555 out of 1728 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, Polycab India has a GF Score™ of 97/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Polycab India's EV-to-FCF compare to VRT and BE?
According to the Industrial Products industry distribution chart, Polycab India ranks #1555 out of 1728 companies for EV-to-FCF. This places Polycab India in the lower half of its industry. The industry median EV-to-FCF is 26.45. Polycab India's value of 176.04 is 565.7% above this benchmark. While the company's 10-year median is 48.59 vs. the industry median of 26.45, Polycab India has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-FCF for an Industrial Products company?
The median EV-to-FCF among Industrial Products companies is 26.45, based on 1,728 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-FCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Polycab India's current EV-to-FCF of 176.04 is 565.7% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EV-to-FCF mean?
A high EV-to-FCF can signal that a stock is expensive relative to its fundamentals. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Polycab India and its competitors. For the Industrial Products industry, the median EV-to-FCF is 26.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Polycab India's current EV-to-FCF is 176.04, which is 262% above median its own 10-year median of 48.59. 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 ₹9,522.63, compared to a current price of ₹9,234.00 — trading 3% below its estimated fair value. The current EV-to-FCF is 176.04, which is 262% above median its 10-year median of 48.59 and 565.7% above the Industrial Products industry median of 26.45. Polycab India's overall GF Score™ is 97/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-FCF calculated?
EV-to-FCF is calculated from a company's financial statements. For Polycab India (NSE:POLYCAB), the current EV-to-FCF is 176.04 as of Jul. 08, 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 undervalued.
The current stock price of ₹9,234.00 is trading 3% below its estimated GF Value™ of ₹9,522.63.
GuruFocus considers Polycab India to be Fairly Valued.
Key valuation signals for NSE:POLYCAB:
EV-to-FCF: 176.04 (262% above median its 10-year median of 48.59)
GF Value™: ₹9,522.63 vs. price of ₹9,234.00 (3% below fair value)
Industry Position: 565.7% above the Industrial Products median (#1555 of 1728)
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 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.
97GF Score
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