Polycab India Ltd., the nation's leading manufacturer of wires and cables, has announced June 19, 2026, as the crucial record date for its proposed dividend payout for the financial year 2025-26 (FY26). The company's board had previously recommended a dividend of ₹47 per equity share, representing a substantial 470% payout on shares with a face value of ₹10 each.
Eligibility and Payment Timeline
Shareholders whose names appear as beneficial owners or members in the company's records by the close of business on Friday, June 19, 2026, will be eligible to receive the dividend. This payout, however, remains contingent upon the approval of shareholders at Polycab's upcoming 30th Annual General Meeting (AGM). If approved, the dividend will be disbursed after June 30, 2026, subject to applicable tax deductions at source.
Analyst Outlook and Recent Performance
The dividend announcement follows a period of robust performance for Polycab. Nuvama Institutional Equities has maintained its 'Buy' rating on Polycab India, revising its 12-month target price to ₹9,740 from an earlier ₹9,420. The brokerage highlighted Polycab's strong Q4 FY26 results, noting a 27% year-on-year increase in revenue, 13% rise in EBITDA, and 6% growth in adjusted profit after tax (PAT).
Wires and cables (C&W) volume experienced low single-digit growth in Q4 FY26, building on a high base from the previous year. For the full FY26, volume growth stood at an impressive 18%, reportedly the highest among its peers. This growth contributed to a significant expansion in Polycab's market share, increasing by 300–400 basis points to reach 30–31%, up from 26–27% in FY25. Despite these gains, Nuvama noted a slight weakening in EBIT margin for Q4, attributed to an adverse product mix and lower operating leverage.