Cable Stocks
The cable industry in India plays a pivotal role in connecting homes, industries, and infrastructure projects through a vast network of electrical and communication cables. With the government’s focus on infrastructure growth, smart cities, electrification, and broadband expansion, the cable sector has gained strategic importance. Companies in this space manufacture and supply a wide range of cables, including power cables, optical fibre cables, and industrial cables. As demand for reliable transmission lines and data connectivity rises across sectors such as power, telecom, construction, and railways, cable stocks are becoming a compelling investment avenue for investors seeking to benefit from India’s infrastructure story.
List of Cable Stocks
| Company Name | Market Price | Market Cap | 52W Low | 52W High | Prev. Close | 1W Return | 1M Return | 6M Return | 1Y Return | 3Y Return | Dividend Yield | PE Ratio | Industry PE |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
7,322.50 -85.00 (-1.15%)▼ | 110225.55 | 4555 | 7714 | 7407.5 | -3.00 % | 3.66 % | 42.16 % | 8.52 % | 193.48 % | 0.48 | 50.45 | 50.75 | |
4,049.30 -108.60 (-2.61%)▼ | 38692.11 | 2424 | 4725 | 4157.9 | -3.59 % | 4.50 % | 43.59 % | -3.51 % | 189.02 % | 0.1 | 52.17 | 50.75 | |
1,218.30 -45.10 (-3.57%)▼ | 13777.3 | 853.55 | 1814.8 | 1263.4 | -2.96 % | 2.03 % | 35.34 % | -28.75 % | 0.00 % | 0.49 | 41.11 | 50.75 | |
819.80 -0.45 (-0.05%)▼ | 12537.97 | 780 | 1465.55 | 820.25 | -1.33 % | -0.27 % | -8.47 % | -43.81 % | 85.90 % | 0.98 | 22.36 | 50.75 | |
150.80 -4.47 (-2.88%)▼ | 7946.72 | 81.5 | 190 | 155.27 | -6.90 % | 4.40 % | 61.73 % | 13.32 % | 75,300.00 % | 0 | 212.75 | 50.75 | |
117.09 -6.52 (-5.27%)▼ | 5714.08 | 41.36 | 140.4 | 123.61 | -5.50 % | -6.89 % | 106.29 % | 32.04 % | 4.38 % | 0 | 0 | 50.75 | |
717.90 -31.50 (-4.20%)▼ | 2490.78 | 407.25 | 866.25 | 749.4 | -10.41 % | -1.97 % | 50.72 % | 5.71 % | 243.00 % | 0.56 | 33.18 | 50.75 | |
398.05 -11.25 (-2.75%)▼ | 1928.9 | 227.5 | 547.5 | 409.3 | -6.92 % | -9.19 % | 47.02 % | 46.95 % | 453.77 % | 0.06 | 27.02 | 50.75 | |
400.95 -7.00 (-1.72%)▼ | 1603.8 | 362.1 | 744 | 407.95 | -7.32 % | -1.04 % | -22.41 % | 0.00 % | 0.00 % | 0 | 0 | 50.75 | |
44.58 -0.93 (-2.04%)▼ | 1359.84 | 43.87 | 91.25 | 45.51 | -8.06 % | -3.71 % | -10.07 % | -49.16 % | 173.50 % | 0 | 16.91 | 50.75 | |
156.44 -7.28 (-4.45%)▼ | 469.32 | 125.35 | 261 | 163.72 | -9.32 % | -1.73 % | 11.62 % | -39.08 % | 24.46 % | 1.12 | 73.82 | 50.75 | |
55.04 -0.80 (-1.43%)▼ | 240.81 | 47.7 | 90.78 | 55.84 | -0.52 % | -1.66 % | 6.05 % | -35.30 % | 0.00 % | 0 | 73.27 | 50.75 | |
177.24 +1.07 (+0.61%)▲ | 229.13 | 146.65 | 246.45 | 176.17 | -1.57 % | -0.21 % | 5.75 % | -17.58 % | 203.75 % | 0.57 | 14.61 | 50.75 | |
7.59 -0.02 (-0.26%)▼ | 123.49 | 7.12 | 15 | 7.61 | -5.36 % | 1.88 % | -3.19 % | -7.89 % | -31.93 % | 0 | 0 | 50.75 |
Disclaimer: By referring to any particular sector, Kotak Securities Limited does not provide any promise or assurance of favourable view for a particular industry or sector or business group in any manner. The investor is requested to take into consideration all the risk factors including their financial condition, suitability to risk return profile and take professional advice before investing. Such representations are not indicative of future results.
What are cable stocks?
Cable stocks represent publicly listed companies engaged in manufacturing and supplying cables and wiring solutions for various applications, including power transmission, telecommunications, construction, automotive, and industrial projects. These companies typically produce low-voltage, medium-voltage, and high-voltage cables, alongside fibre optic cables used for broadband and data communication infrastructure.
The sector has grown significantly over the years, supported by large infrastructure projects, rural electrification drives, and rapid urbanisation. Cable manufacturers often work with government contracts and private sector clients alike, positioning them as critical suppliers in the value chain of large-scale projects.
Leading companies like Polycab India, KEI Industries, and Finolex Cables dominate the market, often diversifying into wires, switches, and other electrical solutions. With their integral role in infrastructure and consistent demand from both public and private sectors, cable stocks offer a way to tap into India's broader economic development.
Why invest in cable stocks?
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Infrastructure push: Government initiatives such as “Power for All”, Digital India, and smart cities are creating long-term demand for power and data cables.
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Telecom and internet growth: Increased fibre optic cable usage due to 5G rollout and rising broadband penetration.
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Construction boom: Housing, real estate, and commercial projects fuel demand for electrical wiring and industrial cables.
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Export opportunities: Global demand for Indian cable products has grown due to competitive pricing and quality standards.
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Strong financials: Top cable companies have posted strong earnings, high return ratios, and steady dividends.
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ESG compliance: Many companies focus on energy-efficient and sustainable manufacturing practices.
These factors make cable stocks a strategic bet on India’s physical and digital infrastructure growth.
Advantages of investing in cable stocks
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Consistent demand: Cable products are essential in power, telecom, real estate, railways, and EV sectors, ensuring consistent demand.
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Growth with infrastructure: As infrastructure spending increases, cable manufacturers benefit from higher order books and revenue growth.
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Diverse end-user base: From residential wiring to telecom towers, cable companies cater to a wide range of sectors, minimising sector-specific risks.
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Export potential: Indian cable manufacturers are increasingly exporting to Africa, Southeast Asia, and the Middle East, opening up new revenue streams.
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Resilient business models: Companies like Polycab and KEI have integrated manufacturing, distribution, and retail networks, giving them pricing and operational efficiency.
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Dividend income: Leading cable firms often offer stable dividend payouts, giving investors a regular income stream.
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Favourable valuations: Many cable stocks offer value compared to other infrastructure-related sectors, especially during sectoral upcycles.
If you are looking for stable, infrastructure-aligned returns, some of the best cable stocks can be an attractive addition to your portfolio.
Points to consider before investing in cable stocks
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Raw material cost fluctuations: Cable manufacturers rely on copper, aluminium, and PVC. Any spike in raw material costs can impact margins.
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Project delays: Delays in large infrastructure or government projects can postpone revenue recognition and affect earnings.
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Capital-intensive operations: Expansion and technology upgrades require significant capital expenditure. Monitor the company’s debt levels.
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Customer concentration risk: Overdependence on a few clients or sectors can create business continuity risks.
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Regulatory environment: Shifts in government policies on power distribution or telecom can influence demand patterns.
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Supply chain disruptions: Global shortages or logistics challenges can delay order deliveries and impact financials.
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Technological evolution: Fibre optics and other new technologies are evolving rapidly. Companies must innovate to remain competitive.
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Valuation check: Ensure the stock isn't overpriced relative to its peers in terms of P/E, EV/EBITDA, or Price-to-Book metrics.
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Management quality: Transparent accounting, capital allocation discipline, and corporate governance are essential markers of long-term success.
Use this checklist to make informed decisions and reduce risk exposure while investing in the best cable stocks.
How to invest in cable stocks
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Open a demat & trading account: Start by registering with a SEBI-authorised stockbroker and setting up a demat and trading account.
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Research the sector: Use financial portals, stock screeners, and annual reports to study key players like Polycab, KEI Industries, and Finolex Cables.
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Evaluate fundamentals: Focus on companies with strong revenue growth, high ROCE, consistent cash flows, and low debt-to-equity ratio.
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Track sector trends: Follow infrastructure policy updates, power grid expansion, and telecom rollouts to identify favourable macro trends.
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Compare valuations: Use metrics such as P/E ratio, EV/EBITDA, and PEG ratio to ensure you are not overpaying for growth.
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Invest via broker or app: Place buy orders through your trading platform, either at market price or using a limit order.
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Monitor regularly: Track quarterly earnings, management commentary, and sector news to manage your holdings effectively.
Cable Stocks FAQs
Are there risks associated with investing in cable stocks?
Yes, even the best cable stocks face risks such as fluctuating raw material prices, project delays, and regulatory changes. Additionally, global supply chain issues or high competition could affect margins and delivery timelines. Careful selection and diversification can mitigate many of these risks.
Is diversification important when investing in cable stocks?
Absolutely. While cable stocks can offer solid returns, they are still cyclical and linked to infrastructure spending. To manage sector-specific risks, it’s prudent to diversify across sectors like FMCG, banking, and technology, alongside infrastructure-related stocks.
How to identify promising cable stocks?
Look for companies with strong order books, consistent revenue growth, efficient working capital cycles, and low debt. Also consider market share, technological innovation, and a wide product portfolio. Past financial performance and future growth visibility are critical indicators.
How to analyse the financial performance of cable stocks?
Key metrics include revenue growth, EBITDA margins, ROCE (Return on Capital Employed), and debt levels. You should also examine the company’s order pipeline, export contribution, and capacity utilisation. Annual reports and quarterly investor presentations offer detailed insights.
How does the cable sector perform during downturns or recessions?
Cable stocks may witness short-term pressure during economic slowdowns due to delayed capex by governments or industries. However, essential nature of infrastructure and long project cycles often provide support. Stocks with strong balance sheets tend to outperform peers in downturns.
Is it worth investing in the cable sector?
Yes, if you believe in India's infrastructure growth story, the cable sector is a promising bet. It benefits from steady demand, government focus, and export potential. However, ensure you pick fundamentally strong companies and maintain a balanced investment approach.