Electronics industry: There is a whiff of consolidation in the electrical goods industry

Synopsis

V-Guard and Finolex Cables are trading at a discount to historical median PE. Havells, Orient Electric, Crompton Greaves are trading near their historical median PEs. Polycab, KEI and Bajaj Electricals are trading at a premium to their historical median PEs.

After a long phase of growth, the home appliance industry is approaching consolidation. This will lead to the reclassification of certain companies. The industry had a good portion of unorganized suppliers. But multiple factors have contributed to a steady shift in demand from the unorganized to the organized sector. The sector looks promising. A combination of factors is likely to help the industry. In addition to higher electrification, the increase

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