Polycab India - FMEG Scale-Up; Rising Cash To Drive Transformation: Nirmal Bang Initiates Coverage
Polycab India wires. (Image: Company Website)

Polycab India - FMEG Scale-Up; Rising Cash To Drive Transformation: Nirmal Bang Initiates Coverage

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Nirmal Bang Report

Having attained industry leadership in cables and wires with 18%-20% market share, Polycab India Ltd. has also successfully established itself in fast moving electrical goods category over the past five years with likely revenue of Rs 10 billion in FY21E.

The cables and wires industry is one of the key beneficiaries of revival in capex and also offers more relative resilience amid inflationary commodity costs.

The FMEG segment continues to offer robust growth prospects for the company while its margin profile is also likely to rise to high single digit over the next two years from 4.7% in nine months-FY21.

Click on the attachment to read the full report:

Nirmal Bang Polycab India - Initiating Coverage - 24 April 2021.pdf

DISCLAIMER

This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.