CGPOWER vs Polycab India: share price, P/E, ROE and financials compared
CG Power and Industrial Solutions
Polycab India
CGPOWER and Polycab India at a glance
CGPOWER and Polycab India are both listed in Capital Goods. CGPOWER is the larger by market cap, at ₹1.2L Cr against ₹1.2L Cr for Polycab India. On valuation, Polycab India has the lower P/E (37.5× against 88.6×) and the lower price-to-book (9.06× against 13.91×). On returns and margins, Polycab India has the higher ROCE (30.4% against 19.3%) and the higher ROE (26.8% against 16.4%). Over three years, Polycab India has faster 3-year sales growth (+26.6% against +21.2% a year) and faster 3-year profit growth (+28.1% against +7.8% a year). Neither carries much debt for its equity: debt-to-equity is 0.02× for CGPOWER and 0.02× for Polycab India.
Key metrics, side by side
| Metric | CGPOWERCGPOWER | Polycab IndiaPOLYCAB |
|---|---|---|
| Price (₹) | 773.00 | 7,871.00 |
| Market cap (₹ Cr) | 1,21,785 | 1,18,613 |
| P/E | 88.6× | 37.5× (the lower figure, shaded) |
| P/B | 13.91× | 9.06× (the lower figure, shaded) |
| Dividend yield, trailing | 0.17% | 0.60% (the higher figure, shaded) |
| ROE | 16.4% | 26.8% (the higher figure, shaded) |
| ROCE | 19.3% | 30.4% (the higher figure, shaded) |
| Operating margin (OPM) | 13.1% | 13.6% |
| Net margin (NPM) | 10.0% (the higher figure, shaded) | 9.1% |
| Sales CAGR 3Y | +21.2% | +26.6% (the higher figure, shaded) |
| Profit CAGR 3Y | +7.8% | +28.1% (the higher figure, shaded) |
| Debt to equity | 0.02× | 0.02× |
| Interest cover | 134.6× (the higher figure, shaded) | 19.5× |
| Net profit TTM (₹ Cr) | 1,375 | 3,156 |
| 1Y return | +8.2% (the higher figure, shaded) | +3.8% |
| Promoter holding | 56.34% | 61.44% |
CGPOWER vs Polycab India: common questions
Which is bigger, CGPOWER or Polycab India?
By market cap, CGPOWER is bigger at ₹1.2L Cr, against ₹1.2L Cr for Polycab India (prices as of 6 Nov 2026). Net profit over the last twelve months was ₹1,375 Cr for CGPOWER and ₹3,156 Cr for Polycab India.
Which has a lower P/E ratio, CGPOWER or Polycab India?
CGPOWER trades at a P/E of 88.6× and Polycab India at 37.5×. Polycab India has the lower P/E. P/E is the share price divided by earnings per share; it varies a lot between industries and with growth, so it says little on its own.
Which has a higher ROE, CGPOWER or Polycab India?
CGPOWER reports a return on equity of 16.4% and Polycab India 26.8%. Polycab India has the higher ROE. ROE is net profit as a share of shareholders’ equity.
Which is growing faster, CGPOWER or Polycab India?
Over the last three years: Sales grew +21.2% a year at CGPOWER and +26.6% at Polycab India, so Polycab India grew sales faster; profit grew +7.8% a year at CGPOWER and +28.1% at Polycab India, so Polycab India grew profit faster. Past growth doesn’t predict future growth.