POLYCAB.NS vs. KEI.NS

Last updated Jun 5, 2026

POLYCAB.NS (Polycab India Limited) and KEI.NS (KEI Industries Limited) are both stocks. Both operate in the Electrical Equipment & Parts industry within the Industrials sector. Over the past 5 years, POLYCAB.NS returned 42.35%/yr vs 49.83%/yr for KEI.NS. At a 0.33 correlation, their price movements are largely independent.

Performance

POLYCAB.NS vs. KEI.NS - Performance Comparison

The chart below illustrates the hypothetical performance of a ₹10,000 investment in Polycab India Limited (POLYCAB.NS) and KEI Industries Limited (KEI.NS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, POLYCAB.NS achieves a 27.54% return, which is significantly higher than KEI.NS's 18.88% return.

POLYCAB.NS

• 1D: 1.53%
• 1M: 15.47%
• YTD: 27.54%
• 6M: 33.91%
• 1Y: 63.40%
• 3Y*: 40.04%
• 5Y*: 42.35%
• 10Y*: —

KEI.NS

• 1D: 1.42%
• 1M: 2.86%
• YTD: 18.88%
• 6M: 27.35%
• 1Y: 45.61%
• 3Y*: 35.94%
• 5Y*: 49.83%
• 10Y*: 48.54%

*Multi-year figures are annualized to reflect compound growth (CAGR)

POLYCAB.NS vs. KEI.NS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
POLYCAB.NS Polycab India Limited	27.54%	5.35%	33.20%	114.71%	4.87%	139.11%	5.23%	52.31%
KEI.NS KEI Industries Limited	18.88%	0.63%	36.69%	122.25%	25.68%	146.00%	4.56%	9.16%

Correlation

The correlation between POLYCAB.NS and KEI.NS is 0.61, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.61
Correlation (3Y) Calculated over the trailing 3-year period	0.41
Correlation (5Y) Calculated over the trailing 5-year period	0.33
Correlation (All Time) Calculated using the full available price history since Apr 18, 2019	0.33

Over the past year, POLYCAB.NS and KEI.NS have become more correlated (0.61) than their long-term average of 0.33, meaning their price movements have been converging.

Return for Risk

POLYCAB.NS vs. KEI.NS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

POLYCAB.NS

POLYCAB.NS Risk / Return Rank: 87
POLYCAB.NS Sharpe Ratio Rank: 90
POLYCAB.NS Sortino Ratio Rank: 88
POLYCAB.NS Omega Ratio Rank: 87
POLYCAB.NS Calmar Ratio Rank: 83
POLYCAB.NS Martin Ratio Rank: 88

KEI.NS

KEI.NS Risk / Return Rank: 78
KEI.NS Sharpe Ratio Rank: 82
KEI.NS Sortino Ratio Rank: 78
KEI.NS Omega Ratio Rank: 76
KEI.NS Calmar Ratio Rank: 74
KEI.NS Martin Ratio Rank: 79

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

POLYCAB.NS vs. KEI.NS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Polycab India Limited (POLYCAB.NS) and KEI Industries Limited (KEI.NS). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	POLYCAB.NS	KEI.NS	Difference
Sharpe ratio: Return per unit of total volatility	2.28	1.53	+0.75
Sortino ratio: Return per unit of downside risk	2.97	2.16	+0.80
Omega ratio: Gain probability vs. loss probability	1.38	1.28	+0.11
Calmar ratio: Return relative to maximum drawdown	3.12	1.98	+1.14
Martin ratio: Return relative to average drawdown	10.34	6.20	+4.15
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

POLYCAB.NS vs. KEI.NS - Sharpe Ratio Comparison

The current POLYCAB.NS Sharpe Ratio is 2.28, which is higher than the KEI.NS Sharpe Ratio of 1.53. The chart below compares the historical Sharpe Ratios of POLYCAB.NS and KEI.NS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	POLYCAB.NS	KEI.NS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.28	1.53	+0.75
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.28	1.26	+0.02
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	1.16	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.34	0.47	+0.86

Drawdowns

POLYCAB.NS vs. KEI.NS - Drawdown Comparison

The maximum POLYCAB.NS drawdown since its inception was -49.83%, smaller than the maximum KEI.NS drawdown of -95.32%. Use the drawdown chart below to compare losses from any high point for POLYCAB.NS and KEI.NS.

Drawdown Indicators

	POLYCAB.NS	KEI.NS	Difference
Max Drawdown Largest peak-to-trough decline	-49.83%	-95.32%	+45.49%
Max Drawdown (1Y) Largest decline over 1 year	-21.08%	-23.35%	+2.27%
Max Drawdown (3Y) Largest decline over 3 years	-37.95%	-47.95%	+10.00%
Max Drawdown (5Y) Largest decline over 5 years	-37.95%	-47.95%	+10.00%
Max Drawdown (10Y) Largest decline over 10 years	—	-62.69%	—
Current Drawdown Current decline from peak	0.00%	-2.76%	+2.76%
Average Drawdown Average peak-to-trough decline	-9.73%	-40.68%	+30.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.35%	7.44%	-1.09%

Volatility

POLYCAB.NS vs. KEI.NS - Volatility Comparison

Polycab India Limited (POLYCAB.NS) and KEI Industries Limited (KEI.NS) have volatilities of 8.42% and 8.08%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	POLYCAB.NS	KEI.NS	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.42%	8.08%	+0.34%
Volatility (6M) Calculated over the trailing 6-month period	24.83%	25.22%	-0.39%
Volatility (1Y) Calculated over the trailing 1-year period	28.82%	30.29%	-1.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.68%	40.43%	-6.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.80%	42.70%	-6.90%

Dividends

POLYCAB.NS vs. KEI.NS - Dividend Comparison

POLYCAB.NS's dividend yield for the trailing twelve months is around 0.36%, more than KEI.NS's 0.08% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
KEI.NS KEI Industries Limited	0.08%	0.09%	0.08%	0.09%	0.17%	0.17%	0.31%	0.26%	0.28%	0.16%	0.40%	0.33%
POLYCAB.NS Polycab India Limited	0.36%	0.46%	0.41%	0.36%	0.54%	0.41%	0.68%	0.30%	0.00%	0.00%	0.00%	0.00%

Financials

Frequently Asked Questions

Can I hold both POLYCAB.NS and KEI.NS in my portfolio?

POLYCAB.NS and KEI.NS have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.