Polycab IPO: Attractive play on wires and cables growth story

Product portfolio, brand strength and financials are the other positives

Given its leadership in cables and wires, diversified portfolio and distribution network, Polycab India is expected to post robust growth rates going ahead. The company has been outperforming the cables and wires sector with a growth of about 14 per cent over the last three years. The sector is expected to see higher growth rates which will help maintain the revenue trajectory. It had a market share of 18 per cent in the organized and 12 per cent in the total Indian wires and cables industry during FY18. Also its wires and cable revenues of Rs 6,240 crore during FY18