Polycab India shares declined by 5% following the National Stock Exchange's (NSE) decision to remove the stock from the Futures and Options (F&O) segment starting December 30, 2026. However, existing contracts expiring in October, November, and December 2026 will continue to be available for trading until their respective expiry dates.
- Polycab India is India's largest manufacturer of wires and cables.
- The NSE will not issue new contracts for Polycab India after December 30, 2026.
- Existing contracts for October, November, and December 2026 will remain tradable until expiry.
- Polycab India reported a 32.46% rise in consolidated profit after tax in Q1 FY27.
- The company's revenue from operations increased by 39.01% in the same quarter.
- Polycab India’s market capitalization stood at ₹1.23 lakh crore as of October 13, 2026.
Why Did NSE Remove Polycab India from the F&O Segment?
The NSE announced that Polycab India will no longer be available for trading in the F&O segment from December 30, 2026. This means that no new contracts will be issued for the stock after this date. However, contracts expiring in October, November, and December 2026 will remain active until their expiry. The exchange also stated that new strike prices would be introduced for these existing contract months.
How Did Polycab India Shares React to This News?
Following the NSE announcement, Polycab India shares fell by 5%. At 10:49 AM on October 13, 2026, the shares were trading at ₹8,185 on the National Stock Exchange, down 2.62% from previous levels. Despite this recent decline, the stock has gained 7% since the start of the year. Over the past month, it rose slightly by 0.46%, but it has lost 8% over the last six months.
What Are Polycab India's Recent Financial Highlights?
Polycab India reported strong financial results for the first quarter of the financial year 2026-27. The company posted a consolidated profit after tax of ₹784 crore, marking a 32.46% increase compared to ₹595.12 crore in the same quarter the previous year.
Revenue from operations rose by 39.01% to ₹8,210 crore from ₹5,906 crore year-on-year. The company’s EBITDA (earnings before interest, taxes, depreciation, and amortization) increased by 32.49% to ₹1,136 crore, up from ₹858 crore in the June quarter of FY26. However, the EBITDA margin slightly contracted from 14.52% to 13.84%.
The wires and cables business, which is a core segment for Polycab India, grew by 39% year-on-year during the quarter. This growth was driven by a strong 43% increase in domestic revenues.
What Is Polycab India's Market Position?
Polycab India is recognized as the largest manufacturer of wires and cables in India. It is also one of the fastest-growing companies in the Fast-Moving Electrical Goods (FMEG) sector. As of October 13, 2026, the company’s market capitalization stood at ₹1.23 lakh crore, reflecting its significant presence in the Indian market.
Frequently Asked Questions
Q: Will existing F&O contracts for Polycab India remain tradable?
A: Yes, existing contracts expiring in October, November, and December 2026 will remain available for trading until their expiry dates.
Q: When will Polycab India be removed from the F&O segment?
A: The stock will be removed from the F&O segment effective December 30, 2026.
Q: How has Polycab India performed financially recently?
A: The company reported a 32.46% rise in consolidated profit after tax and a 39.01% increase in revenue from operations in the first quarter of FY27.
