POLYCAB

Polycab reported 17% YoY revenue growth in Q1 FY26, led by wires and cables business. The company is gaining market share in organized segments while expanding exports. Margins remain strong at 13%. With the government’s infra push and real estate recovery, growth visibility is robust. At ~25x FY26 EPS, valuations look justified. Polycab remains a strong structural play in industrial and electrical space.