Polycab India Limited (NSE:POLYCAB) Just Released Its Yearly Results And Analysts Are Updating Their Estimates

Investors in Polycab India Limited (NSE:POLYCAB) had a good week, as its shares rose 5.5% to close at ₹5,767 following the release of its yearly results. Polycab India reported ₹224b in revenue, roughly in line with analyst forecasts, although statutory earnings per share (EPS) of ₹134 beat expectations, being 5.0% higher than what the analysts expected. The analysts typically update their forecasts at each earnings report, and we can judge from their estimates whether their view of the company has changed or if there are any new concerns to be aware of. We thought readers would find it interesting to see the analysts latest (statutory) post-earnings forecasts for next year.

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Taking into account the latest results, the current consensus from Polycab India's 28 analysts is for revenues of ₹263.1b in 2026. This would reflect a meaningful 17% increase on its revenue over the past 12 months. Per-share earnings are expected to step up 16% to ₹156. In the lead-up to this report, the analysts had been modelling revenues of ₹257.3b and earnings per share (EPS) of ₹155 in 2026. There doesn't appear to have been a major change in sentiment following the results, other than the small increase to revenue estimates.

See our latest analysis for Polycab India

Even though revenue forecasts increased, there was no change to the consensus price target of ₹6,911, suggesting the analysts are focused on earnings as the driver of value creation. That's not the only conclusion we can draw from this data however, as some investors also like to consider the spread in estimates when evaluating analyst price targets. The most optimistic Polycab India analyst has a price target of ₹8,326 per share, while the most pessimistic values it at ₹3,880. Note the wide gap in analyst price targets? This implies to us that there is a fairly broad range of possible scenarios for the underlying business.

Looking at the bigger picture now, one of the ways we can make sense of these forecasts is to see how they measure up against both past performance and industry growth estimates. We can infer from the latest estimates that forecasts expect a continuation of Polycab India'shistorical trends, as the 17% annualised revenue growth to the end of 2026 is roughly in line with the 21% annual growth over the past five years. Compare this with the broader industry (in aggregate), which analyst estimates suggest will see revenues grow 21% annually. So although Polycab India is expected to maintain its revenue growth rate, it's forecast to grow slower than the wider industry.

The Bottom Line

The most obvious conclusion is that there's been no major change in the business' prospects in recent times, with the analysts holding their earnings forecasts steady, in line with previous estimates. They also upgraded their revenue estimates for next year, even though it is expected to grow slower than the wider industry. There was no real change to the consensus price target, suggesting that the intrinsic value of the business has not undergone any major changes with the latest estimates.

With that in mind, we wouldn't be too quick to come to a conclusion on Polycab India. Long-term earnings power is much more important than next year's profits. At Simply Wall St, we have a full range of analyst estimates for Polycab India going out to 2028, and you can see them free on our platform here..

You can also see our analysis of Polycab India's Board and CEO remuneration and experience, and whether company insiders have been buying stock.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.