Polycab's annual capex of Rs 1,200-1,600 crore is expected to generate 4-5x incremental revenue, with impact delayed by 1.5-2 years.
"The company will invest Rs 1,200-1,600 crore annually, which could generate incremental revenues of approximately four to five times the capex. But this revenue impact will come with a delay of one and a half to two years."