StoxPolycab India vs Havells India: share price & financials comparison
NSE: POLYCAB vs HAVELLS · Capital Goods · as of 13 Nov 2026
Both prices rebased to 100 at the start of the selected period.
Polycab India vs Havells India at a glance
Polycab India (POLYCAB) has a market capitalisation of ₹1,19,107 Cr, against ₹72,864 Cr for Havells India (HAVELLS). Over the past year Polycab India has returned +4.6%, compared with -21.9% for Havells India. On valuation, Polycab India trades at a lower P/E of 37.7 versus 43.8. Polycab India earns a higher return on equity (24.1% vs 17.0%). Polycab India comes out ahead on size, profitability, growth and momentum. Havells India comes out ahead on valuation and technicals. Across the scored metrics below, Polycab India leads on 12 and Havells India on 4. On StoxGud's 10-point checklist, Polycab India scores 6/10 and Havells India scores 4/10.
| Metric | Polycab India | Havells India |
|---|---|---|
| Size | ||
| Market cap | ₹1,19,107 Cr | ₹72,864 Cr |
| Revenue (latest FY) | ₹28,884 Cr | ₹22,528 Cr |
| Net profit (latest FY) | ₹2,672 Cr | ₹1,691 Cr |
| Valuation | ||
| P/E | 37.7 | 43.8 |
| P/B | 9.10 | 7.46 |
| Dividend yield | 0.46% | 0.86% |
| Profitability | ||
| Return on equity | 24.1% | 17.0% |
| Net profit margin | 9.1% | 6.6% |
| Operating margin | 13.5% | 9.1% |
| Growth | ||
| Revenue growth (YoY) | +52.8% | +34.6% |
| Net profit growth (YoY) | +42.6% | +9.6% |
| Revenue CAGR (multi-year) | +26.5% | +16.6% |
| Financial health | ||
| Debt to equity | 0.01 | 0.00 |
| Momentum | ||
| 1-month return | -4.7% | +7.3% |
| 1-year return | +4.6% | -21.9% |
| 3-year CAGR | +15.5% | -2.4% |
| 5-year CAGR | +25.7% | -3.5% |
| 10-year CAGR | — | +13.5% |
| Distance from 52W high | -21.6% | -22.7% |
| Technicals | ||
| RSI (14) | 67 | 78 |
| Price vs 200-day avg | -6.5% | -4.6% |
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 | Havells India |
|---|---|---|
| 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 | 4/10 |
A rules-based screen for education only — not a buy or sell recommendation.
FAQs
Which is bigger, Polycab India or Havells India?
Polycab India has a market cap of ₹1,19,107 Cr and Havells India has a market cap of ₹72,864 Cr as of 13 Nov 2026.
Which has a lower P/E, Polycab India or Havells India?
Polycab India has the lower P/E: Polycab India trades at 37.7 and Havells India at 43.8.
Which gave better returns in the last year, Polycab India or Havells India?
Polycab India did better: Polycab India returned +4.6% and Havells India returned -21.9% over one year.
What is the difference between Polycab India and Havells India?
Both are NSE-listed companies in Capital Goods. Polycab India is about 1.6 times the size of Havells India by market cap. In the latest financial year Polycab India reported revenue of ₹28,884 Cr and Havells India ₹22,528 Cr. Operating margin is 13.5% for Polycab India and 9.1% for Havells India. Debt to equity is 0.01 for Polycab India and 0.00 for Havells India.
Which is better, Polycab India or Havells India?
It depends on what you are looking for, and StoxGud does not recommend either stock. On the metrics compared above, Polycab India leads on 12 and Havells India on 4. Polycab India is ahead on size, profitability, growth and momentum. Havells India is ahead on valuation and technicals. On StoxGud's rules-based checklist Polycab India scores 6/10 and Havells India scores 4/10. This is information, not advice: consult a SEBI-registered adviser before investing.