Everyone wants to make big returns in the stock market. To do this, you should invest in companies that are strong and have good fundamentals for a long time. This Cable Company Stock give investors huge returns over time. If we look at past data, companies with strong fundamentals have given great returns to investors in the long run. So, if you want to earn big profits in the stock market, you should invest in companies that are growing steadily and always in demand.
As the Indian economy keeps growing, infrastructure and development companies are also advancing strongly and giving investors massive returns. Similarly, companies in the cable sector have been providing excellent returns to investors. With the rising demand for cable each year, these companies are seeing big profit growth. This trend suggests that in the future, they could once again give investors huge returns, just like they have made many investors wealthy in recent years.
Cable Company Stock
1. Polycab
Polycab is one of India’s leading manufacturers of electrical products, primarily known for its cables and wires. The company also offers a wide range of other electrical solutions, including fans, lighting, switchgear, and solar products. Over the years, Polycab has built a strong reputation for delivering high-quality products, catering to both domestic and international markets. The company has a vast distribution network and is involved in both retail and industrial segments. Polycab continues to grow steadily due to its focus on innovation, product diversification, and expanding its presence in new markets.
Most homes in India, about 90%, use Polycab’s wires for lighting. As more people buy their cables, the company’s profits keep growing. This increasing demand makes Polycab a strong company to invest in, as it could give good returns in the future.
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Company Information
The company has a market capitalization of around Rs 1,01,850 crore. Currently, its stock is trading at a price-to-earnings (PE) ratio of 57, which is considered cheaper compared to other companies in the same sector.
Company Fundamentals
This cable manufacturing company has been consistently growing its profits every year. In the financial year 2022, the company made a net profit of Rs 847 crore, which increased significantly to Rs 1,802 crore in the financial year 2024. In terms of sales, the company’s net sales were Rs 13,911 crore in the financial year 2023, and this grew to Rs 18,500 crore in the financial year 2024.
Foreign investors and mutual funds have made significant investments in this company. Due to its strong financial position, both have shown confidence in the company. Foreign investors hold about 13.63% of the company’s shares, while mutual funds own 6.93%. The promoter of the company holds a majority of 65.02% shares, which is a strong indicator of the company’s future growth potential.
From Rs 633 to Rs 6,700
This company has provided long-term investors with significant returns. Its IPO was launched in April 2019 at around Rs 600 per share. Since then, due to the company’s strong financials, its stock price has steadily increased. Today, the stock is trading around Rs 6,700, showcasing remarkable growth.
A Return of Rs 10,00,000 from Rs 1,00,000 Investment
This company, with strong fundamentals, has delivered outstanding returns to investors over time. In the last four years, the stock has grown by over 1,000%. An investment of Rs 1,00,000 would have turned into Rs 10,00,000 during this period. If you want to achieve similar profits in the future, consider investing in companies with solid financials and hold them for the long term.
Polycab Company Details
| Market Cap₹ | ₹ 1,01,390 Cr. |
| Current Price | ₹ 6,750 |
| 1 year High / Low₹ | ₹ 7,331 / 3,801 |
| Book Value | ₹ 545 |
| Dividend Yield | 0.44 % |
| Stock P/E | 57.5 |
| ROE | 23.2 % |
| Face Value | ₹ 10.0 |
Polycab Returns, Profit Growth, and Shareholding
Polycab has delivered impressive returns to its investors over the years, showcasing strong financial growth. The company’s profits have seen significant increases annually, with its net profit rising from Rs 847 crore in the financial year 2022 to Rs 1,802 crore in the financial year 2024. This consistent growth highlights Polycab’s solid performance.
In terms of shareholding, foreign investors hold 13.63% of the company’s shares, while mutual funds own 6.93%. The company’s promoters hold a majority stake of 65.02%, reflecting their confidence in the company’s future growth potential.
| Category | Details |
| Net Profit | FY 2022: Rs 847 crore |
| FY 2023: Rs 1291crore | |
| FY 2024: Rs 1,802 crore | |
| Profit Growth | Significant annual increase |
| Shareholding | – Foreign Investors: 13.63% |
| – Mutual Funds: 6.93% | |
| – Promoters: 65.02% |
Disclaimer
Investing in the stock market involves risks. The information provided here is for educational purposes only. Before making any investment decisions, please consult with a certified financial advisor. We are not liable for any financial losses you may incured. Thank you!