Best cable stocks in India include Diamond Power Infrastructure Ltd with a 151.45% 1-year return and Dynamic Cables Ltd with 40.30%, highlighting strong performers in the sector. Other notable stocks are Universal Cables Ltd with 6.73% and Quadrant Future Tek Ltd with 2.43%, while major players like Polycab India Ltd, KEI Industries Ltd, and Finolex Cables Ltd saw negative returns over the past year.
The table below shows the top cable stocks in India by market capitalisation and 1-year return.
| Stock Name | Close Price ₹ | Market Cap (In Cr) | 1Y Return % |
| Polycab India Ltd | 4679.55 | 86726.39 | -1.83 |
| KEI Industries Ltd | 2999.05 | 36289.44 | -8.06 |
| Finolex Cables Ltd | 839.60 | 13698.78 | -11.94 |
| R R Kabel Ltd | 890.55 | 12556.25 | -39.86 |
| Diamond Power Infrastructure Ltd | 90.27 | 5007.81 | 151.45 |
| Sterlite Technologies Ltd | 88.47 | 4495.88 | -37.68 |
| Quadrant Future Tek Ltd | 454.80 | 1915.6 | 2.43 |
| Universal Cables Ltd | 493.80 | 1836.08 | 6.73 |
| Paramount Communications Ltd | 56.08 | 1818.3 | -36.16 |
| Dynamic Cables Ltd | 604.70 | 1567.76 | 40.30 |
Content:
- Introduction To Cable Stocks In India by Market Cap
- What Are Cable Stocks In India?
- Features Of Cable Stocks In India by Market Cap
- Best Cable Stocks In India by Market Cap
- Top Cable Stocks by Market Cap
- Cable Stocks In India by Market Cap
- High Dividend Yield Cable Stocks In India by Market Cap
- Historical Performance Of Cable Stocks In India
- Factors To Consider When Investing In Cable Stocks
- How To Invest In Best Cable Stocks In India by Market Cap?
- Benefits Of Best Cable Stocks In India
- Risks Of Investing In Cable Stocks In India
- Who Should Invest In Cable Stocks In India?
- FAQs – Best Cable Stocks In India by Market Cap
Introduction To Cable Stocks In India by Market Cap
Polycab India Ltd
Polycab India Limited is a company that manufactures wires and cables and is involved in the fast-moving electrical goods (FMEG) industry. The company has three main segments: Wires and cables, FMEG, and Others.
The Wire and Cable segment focuses on manufacturing and selling wires and cables. The FMEG segment includes products such as fans, LED lighting, switches, solar products, pumps, and domestic appliances.
- Close Price ( ₹ ): 4679.55
- Market Cap ( Cr ): 86726.39
- 1Y Return %: -1.83
- 6M Return %: -30.87
- 1M Return %: -1.07
- 5Y CAGR %: 32.10
- % Away From 52W High: 62.52
- 5Y Avg Net Profit Margin %: 8.88
KEI Industries Ltd
KEI Industries Limited, located in India, is a manufacturer of wires and cables. The company is divided into segments including Cables and Wires, Stainless Steel Wire, and Engineering, Procurement, and Construction (EPC) Projects.
The Cables and Wires segment focuses on producing and selling a wide range of power cables such as low tension (LT), high tension (HT), and extra high voltage (EHV), as well as control and instrumentation cables, specialty cables, elastomeric/rubber cables, flexible and house wires, and winding wires. The Stainless Steel Wire segment involves the manufacturing, sale, and job work associated with stainless steel wires.
- Close Price ( ₹ ): 2999.05
- Market Cap ( Cr ): 36289.44
- 1Y Return %: -8.06
- 6M Return %: -34.03
- 1M Return %: -9.20
- 5Y CAGR %: 42.53
- % Away From 52W High: 68.04
- 5Y Avg Net Profit Margin %: 6.44
Finolex Cables Ltd
Finolex Cables Limited, an India-based company, offers comprehensive cable solutions. The company focuses on manufacturing various types of cables including electrical and communication cables. Its business segments comprise Electrical cables, Communication cables, Copper rods, and other products.
The “Others” segment involves the trading of different electrical and related items. The company’s product range consists of a variety of cables such as industrial cables, flexible cables, high voltage power cables, telephone cables, LAN cables, and fiber optic cables.
- Close Price ( ₹ ): 839.60
- Market Cap ( Cr ): 13698.78
- 1Y Return %: -11.94
- 6M Return %: -43.37
- 1M Return %: -9.11
- 5Y CAGR %: 19.89
- % Away From 52W High: 102.48
- 5Y Avg Net Profit Margin %: 13.05
R R Kabel Ltd
R R Kabel Limited is an Indian company specializing in consumer electrical products. The company manufactures and sells a range of wires and cables for various purposes such as house wiring, industrial use, power transmission, and special applications.
Additionally, they also offer fast-moving electrical goods (FMEG) like fans, lighting fixtures, switches, and appliances. R R Kabel Limited is divided into two main segments: Wire and Cable, and FMEG. The Wire and Cable segment focuses on producing and marketing wires and cables, while the FMEG segment is responsible for the manufacturing and sale of fans, LED lighting, switches, switchgears, water heaters, and household appliances.
- Close Price ( ₹ ): 890.55
- Market Cap ( Cr ): 12556.25
- 1Y Return %: -39.86
- 6M Return %: -45.04
- 1M Return %: -10.73
- % Away From 52W High: 113.57
- 5Y Avg Net Profit Margin %: 4.50
Diamond Power Infrastructure Ltd
Diamond Power Infrastructure Limited (DICABS) is India’s largest integrated manufacturer of power transmission and distribution equipment. Established in 1970 as a conductor manufacturing unit, DICABS has expanded its product range to include low, high, and extra-high voltage cables (up to 550 kV), conductors, and transmission towers.
The company operates nine manufacturing facilities in Vadodara, Gujarat, and serves various industries such as refineries, cement plants, power plants, and engineering sectors. DICABS is also involved in engineering, procurement, and construction (EPC) projects, offering turnkey solutions in the power sector.
- Close Price ( ₹ ): 90.27
- Market Cap ( Cr ): 5007.81
- 1Y Return %: 151.45
- 6M Return %: -41.60
- 1M Return %: -22.55
- % Away From 52W High: 110.47
Sterlite Technologies Ltd
Sterlite Technologies Limited, an India-based company, specializes in providing comprehensive data network solutions. The company focuses on developing advanced services for various networks, including fifth-generation mobile (5G), rural, fiber to the X (FTTx), enterprise, and data center networks.
Operating across three key segments, namely Optical Networking Business, Global Service Business, and Digital and Technology Solutions, Sterlite Technologies is involved in designing and manufacturing optical fiber, cables, and interconnect products.
- Close Price ( ₹ ): 88.47
- Market Cap ( Cr ): 4495.88
- 1Y Return %: -37.68
- 6M Return %: -36.61
- 1M Return %: -11.03
- 5Y CAGR %: -2.31
- % Away From 52W High: 75.26
- 5Y Avg Net Profit Margin %: 3.24
Quadrant Future Tek Ltd
Quadrant Future Tek Limited, established in 2015, is a technology and innovation-driven company specializing in specialty cables and advanced train control systems. Certified under ISO/IRIS/TS Quality Management Systems, it operates state-of-the-art manufacturing facilities in Mohali, Punjab, and maintains engineering centers in Bangalore and Hyderabad.
The company’s product portfolio includes irradiated cross-linked cables for extreme conditions, train control and rail traffic management solutions, electrical connectors, cable assemblies, and electrical/electronic systems and displays.
- Close Price ( ₹ ): 454.80
- Market Cap ( Cr ): 1915.6
- 1Y Return %: 2.43
- 6M Return %: 2.43
- 1M Return %: -7.56
- % Away From 52W High: 63.59
Universal Cables Ltd
Universal Cables Limited, an India-based company, specializes in the manufacturing and distribution of electrical cables, capacitors, wires, and turnkey projects primarily for electrical applications. The company offers a wide range of products under categories such as cables, capacitors, and handling/installation services.
Their cable offerings include xlpe cables for high, medium, and low voltage applications, as well as aerial bunched cables. In addition, they provide polyvinyl chloride (PVC) cables for power, control, and motor applications, and elastomeric cables. The company’s capacitor lineup includes high and low-voltage capacitors, harmonic filters, surge protection units, and automatic power factor correction panels.
- Close Price ( ₹ ): 493.80
- Market Cap ( Cr ): 1836.08
- 1Y Return %: 6.73
- 6M Return %: -30.47
- 1M Return %: -17.76
- 5Y CAGR %: 28.80
- % Away From 52W High: 89.96
- 5Y Avg Net Profit Margin %: 4.92
Paramount Communications Ltd
Paramount Communications Limited, an Indian company, specializes in the production of wires and cables, including power cables, telecommunication cables, railway cables, and specialized cables.
Their diverse range of products includes high-tension (HT) and low-tension (LT) power cables, aerial bunch cables, control cables, optical fiber cables (OFC), jelly-filled cables, and more.
- Close Price ( ₹ ): 56.08
- Market Cap ( Cr ): 1818.3
- 1Y Return %: -36.16
- 6M Return %: -36.65
- 1M Return %: -14.06
- 5Y CAGR %: 52.95
- % Away From 52W High: 79.44
- 5Y Avg Net Profit Margin %: 4.03
Dynamic Cables Ltd
Dynamic Cables Limited, an India-based company, specializes in manufacturing and supplying a wide range of cables and conductors.
Their product lineup includes bare and insulated conductors, 66 KV power cables, medium voltage aerial bunched cables, copper and aluminum MV power cables. These products are utilized in various applications such as power generation, electricity transmission and distribution, airports, railways, and residential projects. The company operates three manufacturing plants located in Jaipur and Reengus.
- Close Price ( ₹ ): 604.70
- Market Cap ( Cr ): 1567.76
- 1Y Return %: 40.30
- 6M Return %: 1.68
- 1M Return %: -25.80
- % Away From 52W High: 81.08
- 5Y Avg Net Profit Margin %: 4.40
What Are Cable Stocks In India?
Cable stocks in India refer to shares of companies engaged in manufacturing and supplying power cables, optical fiber cables, and related infrastructure used in industries like telecommunications, power distribution, railways, and construction. Leading players such as Polycab India Ltd, KEI Industries Ltd, and Finolex Cables Ltd dominate the market, catering to India’s growing demand for high-quality cabling solutions.
Features Of Cable Stocks In India by Market Cap
The key features of cable stocks in India by market capitalization include their role in infrastructure growth, demand from diverse industries, and technological advancements. These companies benefit from increasing investments in power distribution, telecom, and industrial automation, driving their long-term growth prospects.
1. Market Leaders & Industry Share
Major players like Polycab India, KEI Industries, and Finolex Cables dominate the cable sector. Their strong market presence and high market capitalization make them attractive investment options due to stability, scalability, and competitive pricing power in the industry.
2. Growth Driven by Infrastructure Expansion
India’s rapid infrastructure development, including power grids, telecom networks, and smart cities, fuels the demand for cables. Companies investing in high-quality, durable cables see sustained revenue growth as they cater to large-scale government and private sector projects.
3. Diversified Product Portfolio
Leading cable companies manufacture power cables, optical fiber cables, and specialty cables for industries like telecommunications, railways, and energy. A broad product range helps them mitigate risks associated with fluctuations in specific sectors, ensuring consistent growth.
4. Impact of Technological Advancements
The rise of 5G, electric vehicles, and renewable energy boosts demand for advanced cables. Companies that invest in high-voltage, fiber optic, and eco-friendly cables gain a competitive edge, enhancing their market capitalization and investor confidence.
5. Financial Performance & Profitability
Cable companies with strong balance sheets, consistent revenue, and high return on equity (ROE) are preferred by investors. High debt levels, raw material costs, and fluctuating demand can impact profitability, making financial stability a crucial factor in investment decisions.
Best Cable Stocks In India by Market Cap
The table below shows the best cable stocks in India by market cap and 6-month return.
| Stock Name | Close Price ₹ | Market Cap (In Cr) | 6M Return % |
| Quadrant Future Tek Ltd | 454.80 | 1915.6 | 2.43 |
| Dynamic Cables Ltd | 604.70 | 1567.76 | 1.68 |
| Universal Cables Ltd | 493.80 | 1836.08 | -30.47 |
| Polycab India Ltd | 4679.55 | 86726.39 | -30.87 |
| KEI Industries Ltd | 2999.05 | 36289.44 | -34.03 |
| Sterlite Technologies Ltd | 88.47 | 4495.88 | -36.61 |
| Paramount Communications Ltd | 56.08 | 1818.3 | -36.65 |
| Diamond Power Infrastructure Ltd | 90.27 | 5007.81 | -41.6 |
| Finolex Cables Ltd | 839.60 | 13698.78 | -43.37 |
| R R Kabel Ltd | 890.55 | 12556.25 | -45.04 |
Top Cable Stocks by Market Cap
The table below shows the top cable stocks by market cap and 1-month return.
| Stock Name | Close Price ₹ | Market Cap (In Cr) | 1M Return % |
| Polycab India Ltd | 4679.55 | 86726.39 | -1.07 |
| Quadrant Future Tek Ltd | 454.80 | 1915.6 | -7.56 |
| Finolex Cables Ltd | 839.60 | 13698.78 | -9.11 |
| KEI Industries Ltd | 2999.05 | 36289.44 | -9.2 |
| R R Kabel Ltd | 890.55 | 12556.25 | -10.73 |
| Sterlite Technologies Ltd | 88.47 | 4495.88 | -11.03 |
| Paramount Communications Ltd | 56.08 | 1818.3 | -14.06 |
| Universal Cables Ltd | 493.80 | 1836.08 | -17.76 |
| Diamond Power Infrastructure Ltd | 90.27 | 5007.81 | -22.55 |
| Dynamic Cables Ltd | 604.70 | 1567.76 | -25.8 |
Cable Stocks In India by Market Cap
The table below shows the cable stocks in India by market cap and 5-year average net profit margin.
| Stock Name | Close Price ₹ | Market Cap (In Cr) | 5Y Avg Net Profit Margin % |
| Finolex Cables Ltd | 839.60 | 13698.78 | 13.05 |
| Polycab India Ltd | 4679.55 | 86726.39 | 8.88 |
| KEI Industries Ltd | 2999.05 | 36289.44 | 6.44 |
| Universal Cables Ltd | 493.80 | 1836.08 | 4.92 |
| R R Kabel Ltd | 890.55 | 12556.25 | 4.5 |
| Dynamic Cables Ltd | 604.70 | 1567.76 | 4.4 |
| Paramount Communications Ltd | 56.08 | 1818.3 | 4.03 |
| Sterlite Technologies Ltd | 88.47 | 4495.88 | 3.24 |
High Dividend Yield Cable Stocks In India by Market Cap
The table below shows the high dividend yield cable stocks in India by market cap.
| Stock Name | Close Price ₹ | Market Cap (In Cr) | Dividend Yield % |
| Finolex Cables Ltd | 839.60 | 13698.78 | 0.89 |
| Universal Cables Ltd | 493.80 | 1836.08 | 0.57 |
| R R Kabel Ltd | 890.55 | 12556.25 | 0.54 |
| Polycab India Ltd | 4679.55 | 86726.39 | 0.52 |
| KEI Industries Ltd | 2999.05 | 36289.44 | 0.09 |
| Dynamic Cables Ltd | 604.70 | 1567.76 | 0.07 |
Historical Performance Of Cable Stocks In India
The table below shows the historical performance of cable stocks in India and the 5-year CAGR.
| Stock Name | Close Price ₹ | Market Cap (In Cr) | 5Y CAGR % |
| Paramount Communications Ltd | 56.08 | 1818.3 | 52.95 |
| KEI Industries Ltd | 2999.05 | 36289.44 | 42.53 |
| Polycab India Ltd | 4679.55 | 86726.39 | 32.1 |
| Universal Cables Ltd | 493.80 | 1836.08 | 28.8 |
| Finolex Cables Ltd | 839.60 | 13698.78 | 19.89 |
| Sterlite Technologies Ltd | 88.47 | 4495.88 | -2.31 |
Factors To Consider When Investing In Cable Stocks
The factors to consider when investing in cable stocks include evaluating market position, financial health, demand drivers, and technological advancements. Investors should analyze these aspects to ensure long-term profitability and stability in the growing cable industry.
1. Market Capitalization & Industry Position
Investors should assess the market cap and industry dominance of cable companies like Polycab India and KEI Industries. Companies with strong brand recognition and large-scale operations tend to offer better stability and long-term growth potential.
2. Financial Strength & Debt Levels
Analyzing financial health, including revenue growth, profitability, and debt-to-equity ratio, is crucial. High debt can impact a company’s expansion plans, while strong cash flow and low leverage ensure better sustainability and investor confidence.
3. Demand from Key Sectors
Cable stocks benefit from demand in power distribution, telecom, construction, and industrial automation. Investors should monitor government initiatives and private sector investments in these industries to predict potential growth and revenue opportunities.
4. Raw Material Costs & Profit Margins
Copper and aluminum are primary raw materials for cable companies. Fluctuations in commodity prices can impact profit margins, making it essential to evaluate how well a company manages input costs and pricing strategies.
5. Technological Innovations & Future Readiness
Companies investing in fiber optics, high-voltage cables, and eco-friendly solutions are better positioned for future growth. Investors should look for firms adapting to new technologies, as innovation drives long-term demand and competitive advantage.
How To Invest In Best Cable Stocks In India by Market Cap?
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Benefits Of Best Cable Stocks In India
The main advantages of investing in the best cable stocks in India include a strong market presence, high demand across industries, and consistent revenue growth. These companies benefit from infrastructure expansion, technological advancements, and increasing industrial and consumer needs for high-quality cables.
1. Strong Market Leadership & Stability
Leading cable companies like Polycab India and KEI Industries dominate the market with strong brand recognition and large-scale operations. Their stability and financial strength make them reliable investment options for long-term wealth creation and portfolio diversification.
2. Growth Driven by Infrastructure Development
With rapid urbanization, smart city projects, power grid expansion, and telecom advancements, cable demand continues to rise. Companies investing in infrastructure-related projects benefit from consistent revenue growth and improved stock performance over time.
3. Technological Advancements & 5G Rollout
The increasing adoption of fiber optics, high-voltage power cables, and advanced communication networks fuels the demand for innovative cable solutions. Companies leading in technology-driven products enjoy better market share and higher investor confidence.
4. Diversified Revenue Streams
Cable companies serve multiple industries, including telecom, construction, railways, and power sectors. A well-diversified business model helps mitigate risks from market fluctuations, ensuring consistent profitability and long-term sustainability for investors.
Risks Of Investing In Cable Stocks In India
The main risk of investing in cable stocks in India comes from market fluctuations, raw material price volatility, and industry competition. Investors must assess financial health, demand trends, and technological shifts to mitigate risks and ensure stable long-term returns.
1. Raw Material Price Volatility
Cable manufacturing depends on copper, aluminum, and polymers, whose prices fluctuate due to global supply and demand. Rising costs impact profit margins, making it crucial for investors to evaluate how companies manage procurement and pricing strategies.
2. Competition & Market Pressure
The cable industry faces intense competition from established players and new entrants. Price wars, aggressive marketing, and innovation challenges can impact revenue and profitability, affecting stock performance and investor confidence over time.
3. Dependence on Infrastructure & Industrial Growth
Cable stocks rely heavily on construction, power, and telecom sector investments. Any slowdown in infrastructure projects or economic downturns can reduce demand, leading to lower revenues and affecting stock valuation.
4. Regulatory & Compliance Risks
Government regulations, safety standards, and import/export policies impact cable companies. Changes in taxation, industry regulations, or environmental norms can increase costs, create compliance burdens, and affect long-term business growth.
Who Should Invest In Cable Stocks In India?
Investors looking for exposure to India’s infrastructure, power, and telecom growth should consider cable stocks. These stocks suit those seeking stable returns, long-term growth, and industry diversification while managing risks related to raw material costs and market competition.
1. Long-Term Growth Investors
Cable stocks benefit from India’s expanding infrastructure, power distribution, and telecom networks. Investors with a long-term perspective can capitalize on consistent demand, technological advancements, and government projects, ensuring steady returns over time.
2. Infrastructure & Industrial Sector Enthusiasts
Those interested in construction, power grids, and telecom expansion can benefit from cable stocks. As these industries grow, cable manufacturers see increasing demand, making them attractive for investors focusing on industrial and infrastructure-driven sectors.
3. Moderate-Risk Investors
Cable stocks are less volatile than some sectors but still face market fluctuations due to raw material costs and demand shifts. Investors comfortable with moderate risks can invest in financially strong companies to ensure steady portfolio growth.
4. Dividend & Passive Income Seekers
Well-established cable companies often provide consistent dividends, making them suitable for investors seeking passive income. Those looking for reliable earnings alongside potential capital appreciation can benefit from investing in top-performing cable stocks.
FAQs – Best Cable Stocks In India by Market Cap
Cable stocks in India refer to shares of companies manufacturing power cables, optical fiber cables, and specialty wiring for industries like telecom, construction, and energy. Key players include Polycab India, KEI Industries, Finolex Cables, and Sterlite Technologies, benefiting from rising infrastructure, electrification, and telecom expansion in the country.
The Best Cable Stocks In India by Market Cap #1: Polycab India Ltd
The Best Cable Stocks In India by Market Cap #2: KEI Industries Ltd
The Best Cable Stocks In India by Market Cap #3: Finolex Cables Ltd
The Best Cable Stocks In India by Market Cap #4: R R Kabel Ltd
The Best Cable Stocks In India by Market Cap #5: Diamond Power Infrastructure Ltd
The top 5 stocks are based on market capitalization.
The top 5 cable stocks based on a 5-year average net profit margin are Finolex Cables Ltd, Polycab India Ltd, KEI Industries Ltd, Universal Cables Ltd, and R R Kabel Ltd.
To invest in cable stocks, open a demat and trading account with a trusted broker like Alice Blue. Research top companies such as Polycab India and KEI Industries, analyze their financials, and track industry trends. Use the Alice Blue platform to buy shares through NSE or BSE, ensuring a well-diversified investment strategy for long-term growth.
Yes, Investing in cable stocks in India can be a good option due to rising demand from infrastructure, telecom, and power sectors. Companies like Polycab India and KEI Industries benefit from industry growth, but investors should consider raw material costs, competition, and market fluctuations before making investment decisions for long-term gains.
Yes, diversification is crucial when investing in cable sector stocks to reduce risks from raw material price volatility, market competition, and industry fluctuations. Spreading investments across leading cable companies and related sectors ensures balanced exposure, minimizes potential losses, and enhances long-term portfolio stability.
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.
