Polycab is now bigger than Hero Moto, Dr Reddy's and Shree Cement

NSE

Multibagger stock Polycab has broken yet another record. The company's market cap has increased to Rs 1 lakh crore, making it the 90th-largest company in the country in terms of market capitalisation.At the time of listing, the company's market cap was 9500 crore.The market cap is now also more than that of companies such as Hero MotoCorp, Dr Reddy's, Dabur, Shree Cement and Bosch.In 2019, the company's IPO was subscribed 51.88 times. From its issue price till present, the stock has given a return of 1150%. After being listed in April 2019, the Polycab stock has risen around 10 times. Its IPO price was fixed at ₹538 per share, which was subscribed 51 times.It was the fifth most subscribed IPO in 2019. After listing, this stock witnessed a a rise of 84% in 2019. In December 2023, this stock hit a record high of ₹6,505 per share, Its CAGR since listing is 65.72%.Experts say the stock has gained momentum now after reporting good quarterly results. In the fourth quarter, the company's profit increased to Rs 546 crore from the previous year's Rs 425 crore. It has also issued a dividend of Rs 30 per share.Its revenue too witnessed an increase in the March quarter to Rs 5592 crore from the previous quarter's Rs 4,324 crore. The Street had estimated the revenue to rise to Rs 4,979 crore.The company's earnings before interest, tax, depreciation and amortisation (EBITDA) margin declined from 14.1% to 13.6% in the March quarter. The Street had expected the same to fall to 13.9%. The wires and cables EBIT margin has increased from 14.4% to 15.1% in the March quarter.Polycab shares were trading 2.68% higher at ₹6,670 per share at 2.15 am on Tuesday, May 21.