Best Cable Stocks in India
Discover the top-performing cable stocks in India, driving growth through innovation and infrastructure expansion..
Best Cable Stocks in India
Cable Stocks
List of Cable stocks listed in NSE.
last updated at 9:45 PM IST
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Showing 1 - 20 of 26 results
last updated at 9:45 PM IST
| NameStocks (26)↓ | ↓Sub-SectorSub-Sector↓ | ↓Market CapMarket Cap↓ | ↓Close PriceClose Price↓ | ↓PE RatioPE Ratio↓ | ↓1M Return1M Return↓ | ↓6M Return6M Return↓ | ↓1Y Return1Y Return↓ | ↓PB RatioPB Ratio↓ | ↓Return on EquityReturn on Equity↓ | ↓ROCEROCE↓ | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | KEI Industries LtdKEI | CablesCables | 30,673.3430,673.34 | 3,210.103,210.10 | 52.8252.82 | 21.0221.02 | -19.25-19.25 | -15.48-15.48 | 9.749.74 | 20.2420.24 | 25.5825.58 | |
| 2. | Motherson Sumi Wiring India LtdMSUMI | CablesCables | 25,138.4225,138.42 | 56.8656.86 | 39.3839.38 | 14.9914.99 | -11.52-11.52 | -17.17-17.17 | 14.9914.99 | 42.4542.45 | 45.6645.66 | |
| 3. | Finolex Cables LtdFINCABLES | CablesCables | 13,967.1913,967.19 | 913.25913.25 | 21.4321.43 | 5.545.54 | -24.34-24.34 | -11.52-11.52 | 2.822.82 | 13.9913.99 | 16.3416.34 | |
| 4. | R R Kabel LtdRRKABEL | CablesCables | 13,295.1113,295.11 | 1,175.801,175.80 | 42.6742.67 | 15.8215.82 | -22.42-22.42 | -29.95-29.95 | 7.277.27 | 18.3618.36 | 24.3024.30 | |
| 5. | DCX Systems LtdDCXINDIA | CablesCables | 3,227.423,227.42 | 289.75289.75 | 42.5942.59 | 33.0533.05 | -13.60-13.60 | -11.09-11.09 | 2.872.87 | 8.958.95 | 10.8310.83 | |
| 6. | Universal Cables LtdUNIVCABLES | CablesCables | 1,741.361,741.36 | 501.90501.90 | 16.0916.09 | -2.10-2.10 | -23.89-23.89 | -9.17-9.17 | 0.980.98 | 6.626.62 | 10.1410.14 | |
| 7. | Paramount Communications LtdPARACABLES | CablesCables | 1,538.591,538.59 | 50.4450.44 | 17.9717.97 | 5.675.67 | -29.87-29.87 | -30.76-30.76 | 2.462.46 | 18.5918.59 | 13.6613.66 | |
| 8. | Dynamic Cables LtdDYCL | CablesCables | 1,356.241,356.24 | 559.75559.75 | 35.9135.91 | 1.211.21 | -31.45-31.45 | 32.1132.11 | 6.346.34 | 19.3019.30 | 32.2632.26 | |
| 9. | Delton Cables LtdDLTNCBL | CablesCables | 508.03508.03 | 588.00588.00 | 34.6534.65 | -0.74-0.74 | -10.81-10.81 | 37.5837.58 | 7.127.12 | 22.9022.90 | 43.3343.33 | |
| 10. | Sealmatic India LtdSEALMATIC | CablesCables | 472.64472.64 | 522.25522.25 | 48.0348.03 | 32.2032.20 | 0.010.01 | -22.97-22.97 | 5.395.39 | 11.8111.81 | 15.5415.54 | |
| 11. | Divine Power Energy LtdDPEL | CablesCables | 300.54300.54 | 140.00140.00 | 46.8946.89 | 3.703.70 | 29.3329.33 | -8.08-8.08 | 11.7111.71 | 28.5328.53 | 45.4145.41 | |
| 12. | Surana Telecom and Power LtdSURANAT&P | CablesCables | 248.71248.71 | 18.3218.32 | 30.8630.86 | -5.52-5.52 | -16.92-16.92 | 22.9522.95 | 1.671.67 | 5.635.63 | 7.197.19 | |
| 13. | Cords Cable Industries LtdCORDSCABLE | CablesCables | 219.89219.89 | 170.09170.09 | 21.8421.84 | 10.2810.28 | -22.25-22.25 | -9.91-9.91 | 1.301.30 | 6.136.13 | 19.9519.95 | |
| 14. | Royal Arc Electrodes LtdROYALARC | CablesCables | 184.26184.26 | 166.00166.00 | 15.4615.46 | 2.412.41 | 36.8536.85 | 36.8536.85 | 4.364.36 | 32.8332.83 | 37.3937.39 | |
| 15. | Maruti Interior Products LtdSPITZE | CablesCables | 179.69179.69 | 119.00119.00 | 53.1653.16 | -0.78-0.78 | 39.6139.61 | 10.8010.80 | 5.885.88 | 11.6311.63 | 15.3615.36 | |
| 16. | Sunlite Recycling Industries LtdSUNLITE | CablesCables | 125.01125.01 | 114.90114.90 | 14.0314.03 | 6.336.33 | -32.81-32.81 | -45.14-45.14 | 6.246.24 | 75.3275.32 | 68.4768.47 | |
| 17. | Ultracab (India) LtdULTRACAB | CablesCables | 116.20116.20 | 9.459.45 | 19.4619.46 | -2.13-2.13 | -38.58-38.58 | -33.07-33.07 | 3.063.06 | 17.0717.07 | 17.8217.82 | |
| 18. | Comrade Appliances LtdCOMRADE | CablesCables | 76.9376.93 | 98.9098.90 | 147.95147.95 | 12.6712.67 | -19.79-19.79 | 8.928.92 | 4.544.54 | 4.374.37 | 13.1013.10 | |
| 19. | Marco Cables & Conductors LtdMARCO | CablesCables | 74.6174.61 | 39.9039.90 | 24.4624.46 | -4.42-4.42 | -41.75-41.75 | -18.57-18.57 | 2.772.77 | 13.5713.57 | 22.7622.76 | |
| 20. | Relicab Cable Manufacturing LtdRELICAB | CablesCables | 68.7068.70 | 68.0668.06 | 44.6144.61 | 25.8425.84 | -36.45-36.45 | -32.61-32.61 | 5.785.78 | 14.0314.03 | 24.3524.35 |
Overview of the Top Cable Stocks in India
KEI Industries Ltd
KEI Industries Ltd is a leading manufacturer of power cables, electrical wires, and stainless steel wires in India. Among the power cable stocks, the company caters to sectors like infrastructure, oil & gas, and real estate, offering solutions for power transmission, distribution, and electrical projects.
Motherson Sumi Wiring India Ltd
Motherson Sumi Wiring India Ltd specialises in automotive wiring harnesses, serving major automobile manufacturers. As one of the top 10 cable stocks in India, the company is a key player in the automotive sector, providing wiring solutions that enhance vehicle performance, safety, and efficiency.
Finolex Cables Ltd
Finolex Cables Ltd is a top producer of electrical and communication cables in India. Its diverse product range includes power cables, optical fiber cables, and lighting products, serving industries like construction, telecommunications, and automotive. It is often discussed among fiber optic cable stocks and wire and cable stocks in India.
R R Kabel Ltd
R R Kabel Ltd is a prominent manufacturer of electrical wires and cables, known for quality and innovation. As part of the industrial cable stocks category, the company supplies residential, commercial, and industrial sectors, with a strong focus on safety and energy efficiency.
DCX Systems Ltd
DCX Systems Ltd operates in the defense and aerospace sectors, specialising in electronic sub-systems and cables. Among the niche cable manufacturing stocks, the company partners with global players to provide complex interconnect solutions, contributing to India's defense manufacturing and aerospace infrastructure.
Advantages of Investing in Cable Stocks in India
Stable Returns
Established companies in the cable infrastructure stocks space often experience steady demand due to continuous growth in connectivity requirements across industries.
Growth Opportunities
The expansion of urbanisation and infrastructure projects, such as the National Infrastructure Pipeline and Smart Cities, increases demand for cables, positively impacting companies within the top 10 cable stocks in India.
Technological Advancement
The rollout of 5G networks and increasing internet penetration drive demand for fiber-optic cables, positioning cable companies for significant growth.
Government Initiatives
Initiatives such as ‘Housing for All’ and ‘24×7 Power for All’ have boosted demand for both residential and industrial cable stocks.
Diversified Product Demand
Firms in the cable stocks NSE cater to various sectors, including telecommunications, power, and construction, providing multiple revenue streams and reducing sector-specific risks.
Export Potential
India is a key exporter of cables and optical fibers. In 2024, it exported around $343 million worth of optical fibers and cables. These figures highlight the export strength of cable manufacturing stocks.
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Factors to Consider Before Investing in Cable Stocks
Market Demand and Growth Prospects
Tracking cable stocks news today helps assess how infrastructure and telecom expansion impact company performance. Growth in 5G and green energy projects is a key driver of demand for all cable stocks.
Raw Material Costs
Cable companies rely heavily on raw materials like copper and aluminium. Fluctuating costs influence pricing and margins. For instance, rising copper prices have recently impacted the cable stock price of several players.
Competitive Landscape
Evaluate the level of competition within the cable industry. High competition can influence the outlook for cable stocks NSE and performance across the cable share list. Polycab India, for example, has faced challenges due to intense market competition.
Technological Innovation
Consider a company's investment in research and development for new cable technologies. Firms that innovate, including undervalued cable stocks, may gain a competitive edge and capture greater market share.
Regulatory Environment
Stay informed about government policies and regulations affecting the cable industry. Supportive policies can facilitate growth for the best cable company stocks, while stringent regulations may pose challenges.
Financial Health
Analyse the financial stability of companies in the cable stock list, including revenue growth, profit margins, debt levels, and cash flow. Strong financials indicate resilience and capacity for expansion.
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Frequently Asked Questions on Cable Stocks
1. What are cable stocks?
Cable stocks represent shares of companies that produce and supply cables used in various sectors, including electrical power, telecommunications, and construction.2. Which are the top cable companies in India?
Leading cable companies in India include Polycab India, Havells India, KEI Industries, Sterlite Technologies, and Finolex Cables.3. How has the cable industry in India performed recently?
The Indian cable industry has experienced growth due to increased infrastructure development and urbanisation. However, some companies have faced profit pressures from rising raw material costs, impacting cable stocks in NSE.4. What factors influence the profitability of cable companies?
Key factors include raw material costs (like copper and aluminium), demand from construction and infrastructure projects, and competition within the industry.5. Are cable companies in India expanding into new markets?
Yes, companies like Sterlite Technologies are expanding into digital and telecommunications sectors, including investments in 5G technology.6. How do raw material prices affect cable stocks?
Fluctuations in raw material prices, especially copper and aluminium, can significantly impact production costs and profit margins for cable manufacturers.7. What is the market share of Polycab India in the cables sector?
Polycab India holds approximately 25% to 26% of the market share in the Indian wires and cables sector.
