16-Oct-2026 07:46:07
POLYCABExpansion
JEFFERIES ON POLYCAB ; BUY | TP ₹11,040 | EARLIER TP ₹11,100
• Another strong quarter with results beating expectations. • Cables & Wires EBIT margin eased to 14.2% on a high base. • FMEG EBIT margin improved sharply to ~10%. • Jefferies sees Polycab as a key play on India’s power and capex cycle. • Expects ~22% EPS CAGR over FY26–29.
POLYCAB INDIA LIMITED