On September 25, 2025, Polycab India shares will be in focus as the promoter entities are likely to divest up to 0.81% of the company’s shares via a block deal, as mentioned in a news report by CNBC-TV18.
The estimated offer size of the block deal will be ₹887.6 crore. The floor price for the Polycab India block deal has been set at ₹7,300 per share, indicating a discount of 3.09% to the last traded price.
The sellers in the transaction comprise members of the promoter group: Inder T. Jaisinghani, Ajay T. Jaisinghani, Ramesh T. Jaisinghani, Girdhari Thakurdas Jaisinghani, Bharat Jaisinghani, Nikhil Ramesh Jaisinghani, and Anil Hariram Hariani.
Under the agreed terms, the promoters will be subject to a 90-day lock-in period during which no additional share sales will be permitted following the block deal.
During Q1FY26, the company recorded a growth of 26% YoY in revenue to ₹59,060 million. The growth in topline was aided by robust performance in its Wires & Cables (W&C) business, fueled by healthy growth momentum in its FastMoving Electrical Goods (FMEG) business.
In addition, the strategic pricing revisions, improved operational efficiency, and a favourable business mix helped the company to improve its EBITDA margins by ~210 bps YoY to 14.5%
Also Read: Akzo Nobel India Block Deal: Around 22.77 lakh Shares Traded in Pre-Open
Commenting on the performance, Mr. Inder T. Jaisinghani, Chairman and Managing Director, Polycab India Limited, said: “We have started FY 2026 on a strong footing, delivering our highest-ever first-quarter revenue and profitability. Our Wires and Cables business continued to perform well, driven by sustained domestic demand, while our international business also delivered healthy year-on-year growth.
The FMEG segment maintained its positive trajectory, marking its second consecutive profitable quarter, supported by a sharper focus on premium offerings and improved operating leverage. With continued momentum in government spending and improving project execution on the ground, we are confident in our ability to capitalise on the opportunities that lie ahead. As we progress on our five-year roadmap under Project Spring, we remain sharply focused on the strategic pillars that will drive the next phase of Polycab’s growth and transformation.”
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
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Published on: Sep 25, 2025, 8:17 AM IST
Sachin Gupta
Sachin Gupta is a Content Writer with 6+ years of experience in the stock market, including global markets like the US, Canada, and Australia. At Angel One, Sachin specialises in creating financial content that simplifies complex market trends. Sachin holds a Master's in Commerce, specialising in Economics.
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