Polycab India vs Apar Industries: share price, P/E, ROE and financials compared
Polycab India
Apar Industries
Polycab India and Apar Industries at a glance
Polycab India and Apar Industries are both listed in Capital Goods. Polycab India is the larger by market cap, at ₹1.2L Cr against ₹59,065 Cr for Apar Industries (2.0 times as large). On valuation, Polycab India has the lower P/E (37.5× against 41.6×), while Apar Industries has the lower price-to-book (6.93× against 9.06×). On returns and margins, Polycab India has the higher ROCE (30.4% against 26.7%), the higher ROE (26.8% against 20.6%) and the higher operating margin (13.6% against 9.5%). Over three years, Polycab India has faster 3-year sales growth (+26.6% against +17.0% a year) and faster 3-year profit growth (+28.1% against +15.3% a year). Polycab India carries less debt for its equity, with a debt-to-equity of 0.02× against 0.12×.
Key metrics, side by side
| Metric | Polycab IndiaPOLYCAB | Apar IndustriesAPARINDS |
|---|---|---|
| Price (₹) | 7,871.00 | 14,106.00 |
| Market cap (₹ Cr) | 1,18,613 | 59,065 |
| P/E | 37.5× (the lower figure, shaded) | 41.6× |
| P/B | 9.06× | 6.93× (the lower figure, shaded) |
| Dividend yield, trailing | 0.60% (the higher figure, shaded) | 0.43% |
| ROE | 26.8% (the higher figure, shaded) | 20.6% |
| ROCE | 30.4% (the higher figure, shaded) | 26.7% |
| Operating margin (OPM) | 13.6% (the higher figure, shaded) | 9.5% |
| Net margin (NPM) | 9.1% (the higher figure, shaded) | 5.4% |
| Sales CAGR 3Y | +26.6% (the higher figure, shaded) | +17.0% |
| Profit CAGR 3Y | +28.1% (the higher figure, shaded) | +15.3% |
| Debt to equity | 0.02× (the lower figure, shaded) | 0.12× |
| Interest cover | 19.5× (the higher figure, shaded) | 5.6× |
| Net profit TTM (₹ Cr) | 3,156 | 1,377 |
| 1Y return | +3.8% | +87.2% (the higher figure, shaded) |
| Promoter holding | – | – |
Polycab India vs Apar Industries: common questions
Which is bigger, Polycab India or Apar Industries?
By market cap, Polycab India is bigger at ₹1.2L Cr, against ₹59,065 Cr for Apar Industries (prices as of 6 Nov 2026). Net profit over the last twelve months was ₹3,156 Cr for Polycab India and ₹1,377 Cr for Apar Industries.
Which has a lower P/E ratio, Polycab India or Apar Industries?
Polycab India trades at a P/E of 37.5× and Apar Industries at 41.6×. 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, Polycab India or Apar Industries?
Polycab India reports a return on equity of 26.8% and Apar Industries 20.6%. Polycab India has the higher ROE. ROE is net profit as a share of shareholders’ equity.
Which is growing faster, Polycab India or Apar Industries?
Over the last three years: Sales grew +26.6% a year at Polycab India and +17.0% at Apar Industries, so Polycab India grew sales faster; profit grew +28.1% a year at Polycab India and +15.3% at Apar Industries, so Polycab India grew profit faster. Past growth doesn’t predict future growth.