345 per cent returns in just 3 years: Shares of this company surge by more than 3 per cent and reach its new 52-week high!
The company has delivered returns of 63 per cent over the past year and returns of 345 per cent over the past 3 years.
Polycab, a prominent player in India's cable and wire manufacturing industry, offers a comprehensive range of products including cables, wires, uPVC conduits, lugs, and glands. They cater to diverse applications with their extensive selection. In addition to cables and wires, Polycab has expanded its portfolio to include consumer electrical products such as fans, switches, switchgear, LED lights, luminaries, solar inverters, and pumps. This diversification showcases Polycab's commitment to meeting the evolving needs of customers in the electrical and power sector.
Polycab reported Q4FY23 results in which sales of the company grew by 8.9 per cent to Rs 4,324 crore while operating profit grew by 26.6 per cent to Rs 603 crore. Similarly, net profit surged by 31.6 per cent to Rs 428 crore as compared to Q4FY22. Furthermore, the company has been able to grow its sales by 16 per cent (CAGR) for the past 5 years and profit by 28 per cent (CAGR) for the same period.
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The company has delivered returns of 63 per cent over the past year and returns of 345 per cent over the past 3 years. Additionally, the company has a ROCE of 27.1 per cent and a ROE of 20 per cent.
On Tuesday, shares of the company surged by more than 3 per cent and traded on its new 52-week high of Rs 3,694.30.
Investors should keep a close eye on this trending stock.