Archive · 22 Aug 2025
Nuvama Maintains Positive Outlook on C&W and EMS Sectors
Nuvama, an investment firm, still likes certain companies in the Cables & Wires (C&W) and Electronics Manufacturing Services (EMS) sectors, like Polycab and Havells.
The C&W sector is doing well with higher sales.
The EMS sector is also growing but has some problems with appliance sales, especially air conditioners, because summer was bad.
Copper and aluminium prices went up a little.
Despite the problems in appliances, Nuvama is still positive.
They think lower inflation and maybe new rules could help these sectors in the future.
Nuvama recommends Polycab, KEI, Havells, Amber Enterprises, and PG Electroplast.
C&W sector revenue rose 28% due to volume growth; copper and aluminum prices up 3%.
EMS sector revenue, EBITDA, and PAT grew 62%, 54%, and 41% respectively.
Appliance sales decreased significantly due to a weak summer.
Nuvama remains positive on C&W and EMS sectors, despite appliance challenges.
- Who
- Nuvama, an investment firm, and the companies Polycab India, KEI Industries, Havells India, Amber Enterprises, and PG Electroplast.
- What
- Nuvama's investment recommendations for the Cables & Wires (C&W) and Electronics Manufacturing Services (EMS) sectors.
- When
- The analysis reflects current market conditions, with a focus on recent performance.
- Where
- The analysis covers the performance of companies within the C&W and EMS sectors.
- Why
- To provide investment guidance and assess growth potential in the C&W and EMS sectors.
Challenges
Opportunities
Market Dynamics
Challenges
Weak appliance sales, especially RACs.
Opportunities
Positive outlook supported by low inflation, robust monsoon, and potential regulatory changes.
- Recommended Stocks
- Polycab, KEI, Havells, Amber, PG Electroplast
- C&W Revenue Growth
- 28%
- EMS Revenue Growth
- 62%
- EMS EBITDA Growth
- 54%
- EMS PAT Growth
- 41%
- Copper/Aluminum Price Increase
- 3% YoY
- RAC Sales Decline
- 25-30%