StoxPolycab India vs Ashok Leyland: share price & financials comparison
NSE: POLYCAB vs ASHOKLEY · Capital Goods · as of 06 Nov 2026
Both prices rebased to 100 at the start of the selected period.
Polycab India vs Ashok Leyland at a glance
Polycab India (POLYCAB) has a market capitalisation of ₹1,18,610 Cr, against ₹1,01,084 Cr for Ashok Leyland (ASHOKLEY). Over the past year Ashok Leyland has returned +23.4%, compared with +1.8% for Polycab India. On valuation, Ashok Leyland trades at a lower P/E of 29.1 versus 37.6. Ashok Leyland earns a higher return on equity (24.4% vs 24.1%). Polycab India comes out ahead on growth and financial health. Ashok Leyland comes out ahead on size, valuation, profitability, momentum and technicals. Across the scored metrics below, Polycab India leads on 6 and Ashok Leyland on 11. On StoxGud's 10-point checklist, Polycab India scores 5/10 and Ashok Leyland scores 6/10.
| Metric | Polycab India | Ashok Leyland |
|---|---|---|
| Size | ||
| Market cap | ₹1,18,610 Cr | ₹1,01,084 Cr |
| Revenue (latest FY) | ₹28,884 Cr | ₹56,362 Cr |
| Net profit (latest FY) | ₹2,672 Cr | ₹3,471 Cr |
| Valuation | ||
| P/E | 37.6 | 29.1 |
| P/B | 9.06 | 7.10 |
| Dividend yield | 0.46% | 1.82% |
| Profitability | ||
| Return on equity | 24.1% | 24.4% |
| Net profit margin | 9.1% | 6.0% |
| Operating margin | 13.5% | 19.0% |
| Growth | ||
| Revenue growth (YoY) | +52.8% | +11.6% |
| Net profit growth (YoY) | +42.6% | +0.8% |
| Revenue CAGR (multi-year) | +26.5% | +23.7% |
| Financial health | ||
| Debt to equity | 0.01 | 4.49 |
| Momentum | ||
| 1-month return | -5.3% | +15.3% |
| 1-year return | +1.8% | +23.4% |
| 3-year CAGR | +15.3% | +26.7% |
| 5-year CAGR | +27.1% | +18.7% |
| 10-year CAGR | — | +14.4% |
| Distance from 52W high | -21.9% | -18.8% |
| Technicals | ||
| RSI (14) | 39 | 81 |
| Price vs 200-day avg | -6.7% | +2.4% |
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 | Ashok Leyland |
|---|---|---|
| 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 | 5/10 | 6/10 |
A rules-based screen for education only — not a buy or sell recommendation.
FAQs
Which is bigger, Polycab India or Ashok Leyland?
Polycab India has a market cap of ₹1,18,610 Cr and Ashok Leyland has a market cap of ₹1,01,084 Cr as of 06 Nov 2026.
Which has a lower P/E, Polycab India or Ashok Leyland?
Ashok Leyland has the lower P/E: Polycab India trades at 37.6 and Ashok Leyland at 29.1.
Which gave better returns in the last year, Polycab India or Ashok Leyland?
Ashok Leyland did better: Polycab India returned +1.8% and Ashok Leyland returned +23.4% over one year.
Is Polycab India or Ashok Leyland a better buy?
StoxGud does not give buy or sell recommendations. On our rules-based checklist Polycab India scores 5/10 and Ashok Leyland scores 6/10; compare valuation, profitability, growth and momentum above and consult a SEBI-registered adviser.