Polycab India vs KEI Industries: share price, P/E, ROE and financials compared
Polycab India
KEI Industries
Polycab India and KEI Industries at a glance
Polycab India and KEI Industries are both listed in Capital Goods. Polycab India is the larger by market cap, at ₹1.2L Cr against ₹38,143 Cr for KEI Industries (3.1 times as large). On valuation, KEI Industries has the lower P/E (36.1× against 37.5×) and the lower price-to-book (5.72× against 9.06×). On returns and margins, Polycab India has the higher ROCE (30.4% against 18.7%), the higher ROE (26.8% against 14.8%) and the higher operating margin (13.6% against 11.0%). Over three years, Polycab India has faster 3-year sales growth (+26.6% against +19.1% a year) and faster 3-year profit growth (+28.1% against +24.4% a year). Neither carries much debt for its equity: debt-to-equity is 0.02× for Polycab India and 0.04× for KEI Industries.
Key metrics, side by side
| Metric | Polycab IndiaPOLYCAB | KEI IndustriesKEI |
|---|---|---|
| Price (₹) | 7,871.00 | 3,988.00 |
| Market cap (₹ Cr) | 1,18,613 | 38,143 |
| P/E | 37.5× | 36.1× (the lower figure, shaded) |
| P/B | 9.06× | 5.72× (the lower figure, shaded) |
| Dividend yield, trailing | 0.60% (the higher figure, shaded) | 0.11% |
| ROE | 26.8% (the higher figure, shaded) | 14.8% |
| ROCE | 30.4% (the higher figure, shaded) | 18.7% |
| Operating margin (OPM) | 13.6% (the higher figure, shaded) | 11.0% |
| Net margin (NPM) | 9.1% (the higher figure, shaded) | 8.1% |
| Sales CAGR 3Y | +26.6% (the higher figure, shaded) | +19.1% |
| Profit CAGR 3Y | +28.1% (the higher figure, shaded) | +24.4% |
| Debt to equity | 0.02× | 0.04× |
| Interest cover | 19.5× | 24.7× (the higher figure, shaded) |
| Net profit TTM (₹ Cr) | 3,156 | 1,056 |
| 1Y return | +3.8% (the higher figure, shaded) | +1.8% |
| Promoter holding | 61.44% | 35.00% |
Polycab India vs KEI Industries: common questions
Which is bigger, Polycab India or KEI Industries?
By market cap, Polycab India is bigger at ₹1.2L Cr, against ₹38,143 Cr for KEI Industries (prices as of 6 Nov 2026). Net profit over the last twelve months was ₹3,156 Cr for Polycab India and ₹1,056 Cr for KEI Industries.
Which has a lower P/E ratio, Polycab India or KEI Industries?
Polycab India trades at a P/E of 37.5× and KEI Industries at 36.1×. KEI Industries 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 KEI Industries?
Polycab India reports a return on equity of 26.8% and KEI Industries 14.8%. Polycab India has the higher ROE. ROE is net profit as a share of shareholders’ equity.
Which is growing faster, Polycab India or KEI Industries?
Over the last three years: Sales grew +26.6% a year at Polycab India and +19.1% at KEI Industries, so Polycab India grew sales faster; profit grew +28.1% a year at Polycab India and +24.4% at KEI Industries, so Polycab India grew profit faster. Past growth doesn’t predict future growth.