Real Estate:The infrastructure surge in India is proving to be a significant growth driver for cable stocks, delivering impressive returns over the past six months. As residential, commercial, and industrial construction activity picks up, companies in the electrical goods and cabling sector are witnessing strong demand, translating into notable gains for investors. Several leading cable manufacturers have recorded returns of up to 55 percent, highlighting the sector’s resilience and growth potential amid the ongoing infrastructure boom.
Polycab India Ltd
Incorporated in 1996, Polycab India is a leading Fast-Moving Electrical Goods (FMEG) company and the largest manufacturer of wires and cables in India. The company has expanded its footprint globally and offers a wide range of products including fans, switches, water heaters, switchgears, luminaires for residential, commercial, and industrial use, solar panels, conduits, accessories, and home automation solutions.
Polycab India has a market capitalization of Rs. 111,241.63 crore and is currently trading at a CMP of Rs. 7,390. Over the past six months, the stock has delivered a return of 42 percent, reflecting strong investor confidence in its growth trajectory.
KEI Industries Ltd
Incorporated in 1992, KEI Industries manufactures, markets, and sells a comprehensive range of power cables including Low Tension (LT), High Tension (HT), Extra High Voltage (EHV), control and instrumentation cables, specialty cables, elastomeric and rubber cables, submersible cables, flexible and house wires, and winding wires. These products cater to sectors such as power, oil refineries, railways, automobiles, cement, steel, fertilizers, textiles, and real estate. The company also manufactures stainless steel wires and undertakes Engineering, Procurement, and Construction (EPC) projects, supplying materials, designing, erecting, testing, and commissioning on a turnkey basis. KEI Industries serves clients across India and over 60 countries worldwide.
KEI Industries has a market capitalization of Rs. 38,857.90 crore and is currently trading at a CMP of Rs. 4066.65. The stock has recorded a six-month return of 44.05 percent, highlighting robust performance driven by strong demand across multiple sectors.
R R Kable Ltd
Incorporated in 1995, RR Kabel operates primarily in the manufacturing of PVC insulated wires and cables, power cables, switches, fans, lighting, switchgears, appliances, and special cables. The company operates two major business segments: Wires and Cables, and Fast-Moving Electrical Goods (FMEG). RR Kabel serves the residential, commercial, industrial, and infrastructure sectors and has established a presence in approximately 59 countries globally, alongside its operations in India. The company is recognized as a prominent conglomerate in the electrical sector, spanning multiple business verticals.
RR Kabel has a market capitalization of Rs. 14,198.54 crore and is currently trading at a CMP of Rs. 1,255.55. Over the past six months, the stock has delivered a return of 33.98 percent, reflecting steady growth in both domestic and international markets.
Universal Cables Ltd
Universal Cables specializes in manufacturing and selling electrical cables, wires, conductors, and accessories for cables and conductors. The company also offers products that ensure quality power solutions, such as capacitors, capacitor banks, harmonic filters, and SVGs, catering to the growing demand for reliable electrical infrastructure.
Universal Cables has a market capitalization of Rs. 2,478.46 crore and is currently trading at a CMP of Rs. 714.35. The stock has emerged as one of the top performers in the sector over the past six months, delivering a return of 44.04 percent, underscoring its strong positioning amid the infrastructure boom.
Frequently Asked Questions
What is driving the growth in cable stocks in India?
The growth in cable stocks is primarily driven by the infrastructure boom in India, with increased residential, commercial, and industrial construction activity leading to strong demand for electrical goods and cabling solutions.
Which company is the largest manufacturer of wires and cables in India?
Polycab India Ltd is the largest manufacturer of wires and cables in India, offering a wide range of products for residential, commercial, and industrial use.
What sectors does KEI Industries cater to?
KEI Industries caters to sectors such as power, oil refineries, railways, automobiles, cement, steel, fertilizers, textiles, and real estate, among others.
How has RR Kabel performed in the past six months?
RR Kabel has delivered a return of 33.98 percent over the past six months, reflecting steady growth in both domestic and international markets.
What is the market capitalization of Universal Cables Ltd?
Universal Cables Ltd has a market capitalization of Rs. 2,478.46 crore and is currently trading at a CMP of Rs. 714.35.