Concall
- Polycab...3K Cr Capex over 3Y. A bit towards backward integration(improves efficiency) & FMEG segment
- Seen 30-40% volume growth in Q4 & last year. Industry at 22% growth
- No material impact in pricing pressure despite rise in commodities(copper & Aluminium) pricing. Mgmt seems to have witnessed this
- G8 demand in Infrastructure, Power, Renewable energy, EV, Railways sectors...and so capacity expansion.
- Seems to be an article published mentioning power deficit in India in June
- 12-13% consistent margins achievable over long time
- Distributors playing key role in sales.. Cuz only 10% customers directly buying from company. 89-90% sales is thro' distributors...
- RDSS govt project open orders close to Rs. 50 Bn
- FY 23 closed with 18K Cr revenue. Previously set target was 20K Cr top line by FY 26. But this will be revised(increased) by this FY
