StoxPolycab India vs Apar Industries: share price & financials comparison
NSE: POLYCAB vs APARINDS · Capital Goods · as of 13 Nov 2026
Both prices rebased to 100 at the start of the selected period.
Polycab India vs Apar Industries at a glance
Polycab India (POLYCAB) has a market capitalisation of ₹1,19,107 Cr, against ₹61,411 Cr for Apar Industries (APARINDS). Over the past year Apar Industries has returned +75.9%, compared with +4.6% for Polycab India. On valuation, Polycab India trades at a lower P/E of 37.7 versus 79.6. Polycab India earns a higher return on equity (24.1% vs 9.1%). Polycab India comes out ahead on size, valuation, profitability and financial health. Apar Industries comes out ahead on growth, momentum and technicals. Across the scored metrics below, Polycab India leads on 10 and Apar Industries on 7. On StoxGud's 10-point checklist, Polycab India scores 6/10 and Apar Industries scores 6/10.
| Metric | Polycab India | Apar Industries |
|---|---|---|
| Size | ||
| Market cap | ₹1,19,107 Cr | ₹61,411 Cr |
| Revenue (latest FY) | ₹28,884 Cr | ₹22,902 Cr |
| Net profit (latest FY) | ₹2,672 Cr | ₹977 Cr |
| Valuation | ||
| P/E | 37.7 | 79.6 |
| P/B | 9.10 | 7.21 |
| Dividend yield | 0.46% | 0.33% |
| Profitability | ||
| Return on equity | 24.1% | 9.1% |
| Net profit margin | 9.1% | 3.0% |
| Operating margin | 13.5% | 9.4% |
| Growth | ||
| Revenue growth (YoY) | +52.8% | +21.3% |
| Net profit growth (YoY) | +42.6% | +77.7% |
| Revenue CAGR (multi-year) | +26.5% | +29.1% |
| Financial health | ||
| Debt to equity | 0.01 | 0.10 |
| Momentum | ||
| 1-month return | -4.7% | -18.5% |
| 1-year return | +4.6% | +75.9% |
| 3-year CAGR | +15.5% | +39.3% |
| 5-year CAGR | +25.7% | +83.5% |
| 10-year CAGR | — | +38.8% |
| Distance from 52W high | -21.6% | -22.6% |
| Technicals | ||
| RSI (14) | 67 | 53 |
| Price vs 200-day avg | -6.5% | +7.6% |
Highlighted cells lead on that metric. Market cap, revenue and RSI are shown for context and not scored.
10-point checklist side by side
| Check | Polycab India | Apar Industries |
|---|---|---|
| Price above 50-day average | ✗ | ✗ |
| Price above 200-day average | ✗ | ✓ |
| 50-day average above 200-day (uptrend) | ✗ | ✓ |
| RSI in healthy 40–70 zone | ✓ | ✓ |
| Positive 1-year return | ✓ | ✓ |
| Return on equity above 15% | ✓ | ✗ |
| Debt to equity below 1 | ✓ | ✓ |
| Revenue growing year on year | ✓ | ✓ |
| Net profit margin above 10% | ✗ | ✗ |
| P/E below industry median | ✓ | ✗ |
| Score | 6/10 | 6/10 |
A rules-based screen for education only — not a buy or sell recommendation.
FAQs
Which is bigger, Polycab India or Apar Industries?
Polycab India has a market cap of ₹1,19,107 Cr and Apar Industries has a market cap of ₹61,411 Cr as of 13 Nov 2026.
Which has a lower P/E, Polycab India or Apar Industries?
Polycab India has the lower P/E: Polycab India trades at 37.7 and Apar Industries at 79.6.
Which gave better returns in the last year, Polycab India or Apar Industries?
Apar Industries did better: Polycab India returned +4.6% and Apar Industries returned +75.9% over one year.
What is the difference between Polycab India and Apar Industries?
Both are NSE-listed companies in Capital Goods. Polycab India is about 1.9 times the size of Apar Industries by market cap. In the latest financial year Polycab India reported revenue of ₹28,884 Cr and Apar Industries ₹22,902 Cr. Operating margin is 13.5% for Polycab India and 9.4% for Apar Industries. Debt to equity is 0.01 for Polycab India and 0.10 for Apar Industries.
Which is better, Polycab India or Apar Industries?
It depends on what you are looking for, and StoxGud does not recommend either stock. On the metrics compared above, Polycab India leads on 10 and Apar Industries on 7. Polycab India is ahead on size, valuation, profitability and financial health. Apar Industries is ahead on growth, momentum and technicals. On StoxGud's rules-based checklist Polycab India scores 6/10 and Apar Industries scores 6/10. This is information, not advice: consult a SEBI-registered adviser before investing.