By Vineet Kumar 
Buy Polycab India: Target Price Set at ₹8,741 by Prabhudas Lilladher
Prabhudas Lilladher remains bullish on Polycab India and has reaffirmed its ‘BUY’ rating with a target price of ₹8,741, as per their latest research report dated December 13, 2024.
Insights from the Report
During an interaction with Polycab India’s management, Prabhudas Lilladher delved into the company’s performance, growth outlook, and strategic direction. Here are the key takeaways:
Robust Demand for Cables & Wires:
The company is experiencing strong demand, particularly in the Extra High Voltage (EHV) and Optical Fiber Cable (OFC) segments, fueled by growth in real estate, government capex, and private infrastructure projects.
Export Market Outlook:
While exports are currently facing a slowdown, a recovery is anticipated by FY26. Growth in key markets like the US and Middle East is expected to drive this rebound.
Financial Projections (FY24-27E):
Polycab India is projected to achieve a CAGR of:
Revenue: 17.5%
EBITDA: 17.1%
PAT: 15.5%
Why Prabhudas Lilladher is Bullish
The report highlights Polycab’s ability to capitalize on industry tailwinds and maintain its leadership in the cables and wires segment. Additionally, the company’s strategic focus on expanding its product portfolio and penetrating new markets aligns with long-term growth prospects.
Conclusion
Given its robust fundamentals and growth potential, Polycab India remains an attractive pick for investors. Prabhudas Lilladher’s price target of ₹8,741 reflects a promising upside for this stock.
—
Disclaimer:
The views and investment recommendations in this article are based on external reports and do not represent the opinions of TradingThought or its management. Readers are advised to consult certified financial advisors before making any investment decisions.
For more stock market updates, visit www.tradingthought.com.