Macquarie has reiterated its ‘Outperform’ rating on Polycab with a target price of ₹7,928, implying an upside potential of 29.4% from the current market price of ₹6,125.00.
The brokerage noted a strategic outlook for 15% revenue growth between FY25 and FY30E, driven by strong demand from the power sector and exports in cables and wires (C&W). Asset turns of 3x on incremental revenue are expected, further supporting the growth trajectory. Macquarie also pointed out that the worst margins for the FMEG segment are now behind, setting the stage for sustained improvement.
A constructive outlook underscores Polycab’s robust demand from key sectors, positioning the company for long-term growth.
Disclaimer: This article is for informational purposes only and does not constitute financial advice.
