Cable stocks with high Return on Equity (ROE) and Return on Capital Employed (ROCE) are gaining attention among investors due to their strong financial performance. These metrics reflect how efficiently companies generate profits from their equity and capital.
Investing in cable stocks with robust ROE and ROCE offers the potential for sustainable growth and long-term investment opportunities. Companies with high ROE and ROCE often possess effective management and sound financial strategies, making them attractive options for investors seeking long-term value.
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Polycab India
On January 10, 2025, Polycab India Ltd. opened at ₹6,726.15, down 0.34% from its previous close of ₹6,749.40. The stock reached a high of ₹6,749.00 and a low of ₹6,500.50. By 4:00 PM, it traded at ₹6,537.30, a 3.14% decrease, with a market cap of ₹98,333.85 crore.
Polycab India Limited has reported an impressive Return on Capital Employed (ROCE) of 31.3% and a Return on Equity (ROE) of 23.2%, showcasing strong operational efficiency and profitability, positioning the company as a leader in the cables industry.
Polycab India Limited (NSE: POLYCAB) is a leading manufacturer of cables, wires, and allied products, including uPVC conduits and electrical items. The company has expanded into the consumer electrical market, offering products like fans, switches, and solar inverters.
KEI Industries
On January 10, 2025, KEI Industries Ltd. opened at ₹4,209.10, up 0.22% from its previous close of ₹4,195.80. The stock reached a high of ₹4,244.40 and a low of ₹4,163.00. By 4:00 PM, it traded at ₹4,166.40, a 0.70% decrease, with a market cap of ₹39,811.03 crore.
KEI Industries Ltd has achieved a Return on Capital Employed (ROCE) of 27.2% and a Return on Equity (ROE) of 20.2%, reflecting strong financial performance and efficient use of capital in the wires and cables sector.
KEI Industries Ltd. (NSE: KEI) is a leading manufacturer of power cables, including EHV, HT, and LT cables. The company also offers EPC services and caters to both retail and institutional markets, serving customers in India and abroad.
Dynamic Cables
On January 10, 2025, Dynamic Cables Ltd. opened at ₹961.80, down 0.44% from its previous close of ₹966.05. The stock reached a high of ₹970.30 and a low of ₹915.00. By 4:00 PM, it traded at ₹960.00, a 0.63% decrease, with a market cap of ₹2,326.01 crore.
Dynamic Cables Ltd boasts a Return on Capital Employed (ROCE) of 24.1% and a Return on Equity (ROE) of 19.3%, showcasing solid financial performance and effective utilization of resources in the cable manufacturing sector.
Dynamic Cables Ltd. (NSE: DYCL) is a prominent manufacturer of power infrastructure cables, including LT, HT, EHVC, and railway signaling cables. With three manufacturing plants in Rajasthan and a wide customer base, the company serves government, private, and export clients.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
