Polycab India Limited will host a one-on-one meeting with institutional investors and analysts on June 29, 2026, in Mumbai. The company will share corporate and earnings presentations hosted on its website and other publicly available information during this session. The meeting is subject to change.

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Manita Carmen A. Gonsalves, Vice President-Legal and Company Secretary, signed the intimation on June 23, 2026.

Meeting Schedule

Global brokerage firm Jefferies has maintained its Buy rating on Polycab India , setting a target price of ₹10,920. The recommendation comes despite a notable 25% year-to-date stock rally, reflecting the brokerage's confidence in the company's structural growth drivers and competitive positioning within India's cables, wires, and electrical goods sector.

Market Share Leadership and Growth Momentum

A central pillar of Jefferies' bullish stance is Polycab India's continued market-share expansion. The company currently holds a 31% market share in the Cables & Wires (C&W) segment, representing a gain of 12% over the past five years. This consistent outperformance underscores the company's competitive edge in a fragmented industry.

Further reinforcing this view is the company's track record of 15 consecutive quarters of double-digit C&W growth, a streak that highlights sustained demand momentum and operational execution. The brokerage also notes that Polycab India has maintained 12–15% EBIT margins through this period, demonstrating profitability discipline alongside top-line expansion.

Order Book Strength and Revenue Diversification

Jefferies points to strong order books in two key government-backed infrastructure programmes as additional growth catalysts. The following table summarises the key investment highlights cited by the brokerage:

The Revamped Distribution Sector Scheme (RDSS) and BharatNet programmes represent significant government-driven demand for cables and wiring infrastructure across India. Polycab India's exposure to these programmes is seen as a durable revenue driver over the medium term.

FMEG Profitability and Power Sector Exposure

Beyond its core C&W business, Jefferies highlights two additional dimensions of Polycab India's investment case. The company's Fast Moving Electrical Goods (FMEG) segment has turned profitable, marking a meaningful milestone in the diversification of its revenue base. This segment encompasses products such as fans, lighting, switches, and other electrical accessories.

Additionally, the brokerage underscores the company's exposure to India's power sector, which is experiencing heightened capital expenditure driven by grid expansion, renewable energy integration, and electrification initiatives. This positions Polycab India to benefit from broader infrastructure spending trends across the country.

Analyst Outlook

Jefferies' maintained Buy rating and target price of ₹10,920 reflect a comprehensive assessment of Polycab India's competitive strengths. The combination of market-share leadership, government order book visibility, FMEG profitability, power-sector tailwinds, and a consistent track record of double-digit growth and healthy margins forms the basis of the brokerage's positive stance on the stock.