A financial ratio called profit margin calculates a company’s percentage profit compared to its revenue. It shows the amount of profit the business makes for each Rupee of revenue, expressed as a percentage.
Here are the 3 Cable stocks with high net profit margins.
Den Network Ltd
Den Network Ltd. is a mass media and entertainment company that provides broadband services, over-the-top (OTT) entertainment, and cable TV for its customers’ visual entertainment needs. Out of all the cable companies in India, it has the biggest subscriber base.
Den Network Ltd. is a small-cap stock with a market capitalization of Rs 2,568.42 crore, On, Monday, the company’s shares closed at 53.82 per share, a decrease of 1.81 percent.
Net profit Margin has increased by 6.95 percent points,i.e., from 13.96 percent in FY 21-22 to 20.91 percent in FY 22-23.
The company’s revenue decreased by 7.7 percent from Rs 1,225.6 Cr in FY 2021-22 to 1,130.47 Cr in FY 2022-23 and during the same period, profits decreased by 38 percent from Rs 171.08 Cr to Rs 236.36 Cr.
Finolex Cables Ltd.
Finolex Industries Ltd (FIL) is the biggest producer of PVC pipes and fittings in India as well as a top producer of PVC resin. The company provides the most recent selection of PVC-U agricultural pipes and fittings that are exceptional in quality and long-lasting.
Finolex Industries Ltd. is a small-cap stock with a market capitalization of Rs 14,063.54 crore, On, Monday, the company’s shares closed at 919.55 per share, a decrease of 1.33 percent from the previous close prices.
Net profit Margin has increased by 2.26 percent points,i.e., from 8.21 percent in Q2 FY23 to 10.47 percent in Q2 FY24.
Finolex Industries Ltd. revenue increased by 9 percent from Rs 1,090.83 Cr in Q2FY23 to 1,187.44 Cr in Q2FY24. Further, During the same period, profits increased by 38.7 percent from Rs 89.61 Cr to Rs 124.37 Cr.
Polycab India Ltd
Polycab India Ltd is one of India’s top producers of cables, wires, and related products like glands and lugs. The company has a variety of cables and wires for almost every application.
With a market capitalization of Rs 77,030.10 crore. Polycab India Ltd, On Monday, the company’s shares closed at 5,130.90 per share, a decrease of 0.40 percent from the previous close prices.
Net profit Margin has increased by 2.16 percent points,i.e., from 6.93 percent in Q2 FY23 to 9.09 percent in Q2 FY24.
Polycab India Ltd revenue increased by 15.05 percent from Rs 12,203.76 Cr in FY 2021-22 to 14,107.78 Cr in FY 2022-23 and during the same period, profits increased by 51.7 percent from Rs 845.23 Cr to Rs 1,282.25 Cr.
Written By:- Abhishek Singh
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