With India’s rapidly growing infrastructure, housing, and renewable energy sectors, wires and cables stocks have become a strong growth sector for investors. These companies are the backbone of every project be it metro, solar plant, or smart city. With rising power demand and government capex, wires and cables stocks in India could perform well in the coming years. In this blog, we’ll explore the top stocks in this sector, industry trends, and key investment factors.
What Are Wires and Cables Stocks?
Wire and cable stocks are shares of companies that manufacture wires, cables, and conductors for power, communications, and industrial use. These companies manufacture voltage cables, instrumentation/control cables, specialty cables (such as solar and fireproof), and conductor lines.
Investing in these stocks connects you to the country’s power development, smart grid, and communications infrastructure story. Especially in a country like India, where promoting power delivery and data transmission is a government priority, these wires and cables stocks in India can offer investors long-term opportunities.
Overview of the Wires and Cables Industry in India
India’s wires and cables market has grown rapidly in recent years. Its total value was estimated at approximately USD 9.3 billion in 2024, and it is projected to exceed USD 17 billion by 2032, at a compound annual growth rate (CAGR) of approximately 7.9%. According to another report, India’s wires and cables market could grow at a CAGR of approximately 14-15% between 2025 and 2034 to reach over INR 4,000 billion. This growth is being driven by a surge in power, housing, and industrial investment. Spending on infrastructure and renewable energy projects in India has consistently strengthened the sector. Today, the industry not only meets domestic needs but is also rapidly expanding its exports globally.
Best wires and cables stocks in India
| SO.N | Company | Current Market Price (INR) | Market Capitalisation (in INR crore) | 52-Week High | 52-Week Low |
| 1 | Polycab India Ltd | ₹ 7,631 | ₹ 1,14,892 | ₹ 7,714 | ₹ 4,555 |
| 2 | KEI Industries Ltd | ₹ 4,251 | ₹ 40,569 | ₹ 4,725 | ₹ 2,424 |
| 3 | Finolex Cables Ltd | ₹ 806 | ₹ 12,308 | ₹ 1,362 | ₹ 720 |
| 4 | Universal Cables Ltd | ₹ 702 | ₹ 2,448 | ₹ 868 | ₹ 407 |
| 5 | Dynamic Cables Ltd | ₹ 396 | ₹ 1,919 | ₹ 548 | ₹ 228 |
| 6 | Quadrant Future Tek Ltd | ₹ 383 | ₹ 1,532 | ₹ 744 | ₹ 362 |
| 7 | V-Marc India Ltd | ₹ 514 | ₹ 1,255 | ₹ 523 | ₹ 200 |
| 8 | JD Cables Ltd | ₹ 148 | ₹ 334 | ₹ 160 | ₹ 133 |
| 9 | Cords Cable Industries Ltd | ₹ 180 | ₹ 232 | ₹ 247 | ₹ 147 |
| 10 | Plaza Wires Ltd | ₹ 51.3 | ₹ 224 | ₹ 90.9 | ₹ 47 |
A brief overview of the Best wires and cables in India is given below :
1. Polycab India Ltd : When it comes to India’s electrical sector, Polycab India is one of the first names that comes to mind. Started as a small business nearly six decades ago, this company has expanded its presence to every home, office, and industry. Starting with simple wires, Polycab has evolved over time to further enhance its products whether it’s house wiring, power cables, and now smart energy solutions.
The hallmark of Polycab is its trust. People consider it not just a brand, but a “guarantee of quality.” This is why the company has become a trusted name for all electrical needs in India.
Know the Returns:
| 1Y Return (%) | 3Y Return (%) | 5Y Return (%) |
| 3.14% | 182.83% | 840.17% |
2. KEI Industries Ltd : When it comes to India’s wire and cable sector, KEI Industries is a name renowned for both trust and quality. The company began nearly six decades ago as a small unit producing just a few basic cables. Over time, KEI has not only refined its products but also tailored them to suit every need whether it’s home wiring or high-voltage industrial cables. Today, KEI is a name heard wherever safety and reliability are discussed. The company’s greatest strength lies in its ability to constantly adapt to changing times. This is why KEI is no longer limited to India, but has become a “Made in India” brand in many countries.
Know the Returns:
| 1Y Return (%) | 3Y Return (%) | 5Y Return (%) |
| -3.53% | 196.66% | 1,166.05% |
3. Finolex Cables Ltd : When it comes to India’s electrical sector, Finolex Cables Ltd. is a name that symbolizes trust, quality, and long-term experience. The company was founded in Pune in 1958, when modern wiring systems were just beginning to emerge in India. Initially, it manufactured only electrical wires, but gradually expanded its product range to include communication cables, telecom wires, automotive cables, and data transmission solutions.Finolex’s hallmark is its “Made in India” philosophy and continuous technological improvements. The company consistently creates products that are not only safe but also long-lasting. This is why Finolex remains the preferred choice of every electrical engineer and home builder.
Know the Returns:
| 1Y Return (%) | 3Y Return (%) | 5Y Return (%) |
| -37.58% | 74.49% | 186.06% |
4. Universal Cables Ltd : Whenever “quality and reliability” is mentioned in India’s power sector, Universal Cables Ltd. is a name that is sure to come to mind. As part of the M.P. Birla Group, this company has focused on technical excellence since its inception. Established in the 1960s, it is primarily known for manufacturing high-voltage, medium-voltage, and control cables. Universal Cables has always worked on projects where quality is a non-negotiable requirement such as power distribution, industrial systems, and infrastructure networks. It is recognized not just as a manufacturer, but as a brand that guarantees “safety and stability” in every project.
Know the Returns:
| 1Y Return (%) | 3Y Return (%) | 5Y Return (%) |
| 7.56% | 177.09% | 417.80% |
5. Dynamic Cables Ltd : Starting from Rajasthan, Dynamic Cables Ltd. has established itself as a prominent figure in India’s cable industry in a short span of time. The company began as a small manufacturing unit a few years ago, but today it supplies to several major power and industrial projects. Dynamic’s focus has always been on precision technology, reliability, and long-term performance. The company manufactures cables specifically for use in the power, renewable energy, railway, and utility sectors. Its unique specialty is its ability to provide customized solutions tailored to customer needs, setting it apart from other traditional companies. Its steadily growing reputation and trust have positioned Dynamic Cables as one of the country’s leading wire and cable brands.
Know the Returns:
| 1Y Return (%) | 3Y Return (%) | 5Y Return (%) |
| 49.44% | 393.33% | 429.91% |
6. Quadrant Future Tek Ltd : In this era of technology and connectivity, Quadrant Future Tek is a name playing a key role in digitally connecting India. The company has its roots in Punjab and, from its inception, has focused on fiber optic and telecom cables rather than traditional power cables. Quadrant has developed cutting-edge solutions for India’s growing 5G network, internet infrastructure, and data centers. The company’s greatest strength lies in its ability to quickly adopt new technologies and adapt them to the Indian market. This is the brand that will further strengthen India’s digital connectivity in the coming years.
Know the Returns:
| 1Y Return (%) | 3Y Return (%) | 5Y Return (%) |
| -13.74% | -13.78% | -35.95% |
7. V-Marc India Ltd : V-Marc India Ltd., a company based in Uttarakhand, has established itself in the market in a short time through its dedication and quality. Initially, it focused on manufacturing industrial and household wires on a limited scale, but today it produces a wide range of modern products such as electrical wires, power cables, solar cables, and control cables. V-Marc’s unique characteristic is its “quality first” approach to every project. The company has expanded its supply chain nationwide and is now gradually expanding into international markets. This rapidly growing brand is a perfect example of trust, technology, and the strength of Indian manufacturing.
Know the Returns:
| 1Y Return (%) | 3Y Return (%) | 5Y Return (%) |
| 28.25% | 1138.31% | 1151.22 |
8. JD Cables Ltd : JD Cables Ltd. is one of those Indian companies that has built a lasting reputation through long-term commitment. The company has been manufacturing electrical and industrial cables for decades and is known for its reliability. It began as a family-owned business, where quality and customer satisfaction were the top priorities. Over time, JD Cables has upgraded its products with modern technology and today has expanded its reach into the power transmission, railway, renewable energy, and manufacturing sectors. The company exemplifies the philosophy of “slow but steady” growth where every cable is built on trust.
Know the Returns:
| 1Y Return (%) | 3Y Return (%) | 5Y Return (%) |
| -6.24% | -6.24% | -4.33% |
9. Cords Cable Industries Ltd : When it comes to industrial cables in India, Cords Cable Industries Ltd. is always among the leading companies. Founded in 1987, the company has since specialized in manufacturing instrumentation, control, and signaling cables. Cords’s work is a little different; it manufactures cables for sectors where precision and safety are paramount, such as the oil and gas, power, cement, and automobile industries. The company is recognized not just for its products, but for its technical expertise and reliable engineering in every project. This is a brand that lives by the principle of “quality over quantity.
Know the Returns:
| 1Y Return (%) | 3Y Return (%) | 5Y Return (%) |
| -14.90% | 183.70% | 325.00% |
10. Plaza Wires Ltd : Plaza Wires Ltd. is an emerging Indian brand that has earned widespread trust in a short period of time. The company began in Delhi with the mission to manufacture safe, durable, and affordable wires and cables. Gradually, Plaza established itself as a name that caters to the needs of every household and small business. The company is known for manufacturing house wires, flexible cables, and fire-resistant wiring solutions. Plaza’s focus has always been “making quality accessible.” This is why the brand is rapidly expanding its dealer network and presence across the country.
Know the Returns:
| 1Y Return (%) | 3Y Return (%) | 5Y Return (%) |
| -36.21% | -39.04% | -37.53% |
Key Performance Indicators (KPIs)
The key performance metrics of the Best wires and cables in India are mentioned below:
| Company | Operating Margin (%) | Net Profit Margin (%) | ROE (%) | ROCE (%) | P/E (x) |
| Polycab India Ltd | 12.80 | 9.12 | 20.55 | 27.96 | 38.32 |
| KEI Industries Ltd | 10.19 | 7.15 | 12.03 | 16.86 | 38.24 |
| Finolex Cables Ltd | 13.01 | 8.81 | 12.75 | 11.21 | 19.93 |
| Universal Cables Ltd | 7.27 | 1.79 | 5.19 | 6.93 | 19.24 |
| Dynamic Cables Ltd | 9.84 | 6.32 | 17.33 | 26.47 | 10.34 |
| Quadrant Future Tek Ltd | -12.30 | -13.06 | -6.6 | -5.71 | -85.85 |
| V-Marc India Ltd | 8.87 | 3.98 | 19.05 | 29.97 | 14.23 |
| JD Cables Ltd | 7.13 | 4.54 | 58.49 | 87.47 | – |
| Cords Cable Industries Ltd | 5.64 | 1.84 | 8.03 | 20.90 | 13.96 |
| Plaza Wires Ltd | 3.13 | 1.32 | 2.35 | 5.41 | 75.11 |
Risks and Challenges in Wires and Cables Stocks
Wires and cables stocks in India are growing strongly today, but this growth also faces some challenges that need to be understood.
Rising Raw Material Prices : Copper and aluminum are the most essential raw materials for these companies. Rising prices directly impact profitability. Companies often fail to pass these costs on to customers promptly, leading to reduced margins.
Competition from the Unorganized Market : Many small and uncertified manufacturers in India still sell wires at very low prices. These products are cheaper but lack quality. This impacts the sales and market share of branded companies.
Working Capital Pressure : Power or infrastructure projects often have long payment cycles. This leads to companies’ funds being locked up for extended periods, slowing their operations and new investments.
The Challenge of Quality and Certification : Today, both customers and governments are increasingly demanding on safety and environmental standards. New regulations require increased production and testing costs. Failure to meet these standards could impact a company’s brand value.
The Risk of Project Delays : Setting up new plants or fulfilling large orders sometimes takes longer than planned. This increases costs and reduces customer confidence. These delays are often caused by supply chain disruptions or unexpected policy changes.
Also Read : Best Data Center Stocks in India 2025
Conclusion
India’s wire and cable industry is poised to be the foundation of the country’s progress in the coming years. With growing infrastructure, renewable energy, and digital connectivity, this sector has become a strong investment opportunity. However, there are some challenges that need to be handled wisely. If investors choose the right companies, those with quality, distribution networks, and a clear vision, wires and cables stocks in India can deliver stable and reliable returns over the long term.
