Polycab Share Price Rose 1.33%; UltraTech C&W Segment Targets 25% IRR

Polycab India Ltd has been in focus on Monday. On March 3, 2025, Polycab share price opened at ₹4,830.75, up from its previous close of ₹4,713.40. At 10:36 AM, the share price of Polycab was trading at ₹4,776.30, up by 1.33% on the NSE.

Polycab India has been gaining attention for a few days now, since UltraTech Cement, a part of the Aditya Birla Group, announced its entry into the Cables and Wires (C&W) sector.

UltraTech Cement’s Plan

UltraTech Cement, a key player in India’s cement industry and part of the Aditya Birla Group, recently announced its entry into the Cables & Wires (C&W) sector. The company aims to establish itself as a holistic ‘Building Solutions’ provider. This move has drawn attention to existing market leaders like Polycab India and KEI Industries.

Shares of UltraTech Cement surged by up to 2.07% on March 3, 2025, following its detailed investor presentation on Friday. The company revealed that they are planning to launch in December 2026. The internal rate of return (IRR) is nearly 25%, and the Return on Capital Employed (RoCE) is over 20%.

UltraTech Cement’s cables and wires (C&W) segment will be based in Jhagadia, Gujarat, with a production capacity ranging between 35 to 40 lakh km. The key product categories include wires and various types of cables such as low tension, control, instrumentation, flexible, and rubber cables. The company aims for a pan-India distribution reach and plans to leverage its existing UBS network to enhance market penetration and efficiency.

UltraTech Cement emphasised that this expansion is a one-time strategic move aimed at enhancing customer engagement rather than broad diversification. The company also reassured investors that pricing pressures in the sector are unlikely to be significantly affected.

Conclusion

With UltraTech’s entry into C&W, market participants are closely monitoring how this will impact the competitive landscape, particularly for leading players like Polycab India and KEI Industries.

On March 3, 2025, UltraTech Cement share price opened at ₹10,319.25, up from its previous close of ₹10,128.45. At 10:27 AM, the share price of UltraTech Cement was trading at ₹10,337.80, up by 2.07% on the NSE.

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