Top Cable Companies in India: What Are the Factors to be Considered Before Investing in Them?

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Top Cable Companies in India: What Are the Factors to be Considered Before Investing in Them?

Top Cable Companies in India: An Overview

As approximately 40% of India's electrical industry, wires and cables benefit directly from power generation and distribution infrastructure expansion. In volume terms, the domestic wires and cables business grew 22% over the last five fiscals to 17 million km in FY 2018-19, according to CRISIL. The analysis predicts a 10% CAGR and 27 million km of industry volume by FY 2023-24.

The Indian wires and cables business had a value CAGR of around 13% in the last five fiscals to reach Rs. 646 billion in FY 2018-19, according to the research. By FY-2023-24, the industry may reach Rs. 1,000-1,100 billion at an 11% CAGR. From 2009 to 2019, India's cable and wire exports grew by 12% annually.

Government initiatives have spurred power and infrastructure development, which drives industry expansion. Renewable energy and government programmes for electrification, housing, and smart cities are further incentives.

The wires and cables industry has several small and medium firms and a few major and branded businesses with domestic and export capabilities. Organized players are predicted to reach 79 percent of the market by FY 2023-24, up from 68 percent in FY 2018-19. GST, efficiency, and cost balance are helping India's organized industry thrive.

Top Cable Wire Companies in India: Products and Services

Many wire companies in India offer a variety of products and services. Some popular products and services offered by these companies include:

-Wire products: These cable companies offer a wide range of wires, including wires for electrical and telecommunications applications.

-Cables products: These cable companies in India also offer a variety of cables, including coaxial cables, fiber optic cables, and twisted pair cables.

-Connectors: These cable companies offer a variety of connectors, including connectors for audio, video, and data applications.

-Installation services: Many of these companies also offer installation services for their products.

Top Cable Companies in India

Many wire companies in India offer a wide range of products. Each company has its product range and pricing structure, and deciding which is the best for you can be challenging. These cable companies have earned a reputation for manufacturing high-quality products that are durable and offer superior performance.

Some of the most popular wire companies in India include:

  • Polycab India is one of the largest manufacturers of electrical equipment in India. The company offers an array of products that includes power & distribution transformers, panel boards & switchgear, lighting fixtures & luminaires.
  • KEI Industries Limited was founded in 1968 as a Partnership Company. It is a player in the power cable market and one of the biggest cable manufacturers in India. The company is split into cable, stainless steel, and turnkey projects. The cables segment is made up of extra high voltage (EHV), low tension (L.T.), and high tension (H.T.) power cables, control, and instrumentation cables, winding wires, and flexible and house wires.
  • Sterlite Technologies Ltd's business is making telecommunication cables. They make and sell optical fibers, fiber optic cables, power transmission conductors, aluminum & alloy rods, copper telecom cables, structured data cables, customer premise equipment, and cable accessories.
  • Finolex Cables is one of the largest wire and cable makers in India. The company has a wide range of products that can be used in many different ways. Their products include power cables, control cables, instrumentation cables, data communication cables, and cables for particular uses. Finolex also makes materials and tools for earthing. The company's factory uses the latest technology and equipment.
  • Precision Wires India Ltd is India's biggest manufacturer of enameled copper winding wires. Enameled Round Winding Wires are one of the company's products. P.W.I.L. makes a wide range of enameled round winding wires for use in electrical machines like motors, generators, transformers, household appliances, auto-electricals, electrical hand tools, refrigeration (hermetic) motors, fans, switchgear, coils and relays, ballasts, etc.
  • Universal Cables Ltd is a leading maker of all cables and has production, quality control, and testing facilities. The company sells X.L.P.E. Cables up to 220 kV, High-Temperature Fluoro-plastic Cables, Winding wires and flat cables, P.V.C. Cables, Elastomeric Cables, etc.
  • Salzer Electronics Ltd makes Load Break Switches, Proximity Switches, Wiring Ducts, and Terminal Connectors with CSA-NRTL/C approval. The company's products include Cam operated rotary switches, Toroidal Transformers, Relays, Terminal Blocks, Salzer Energy Savers (S.E.S.), L.B. Series Load Break Switches, Proximity switches, and Modular Switches.
  • Dynamic Cables make cables and conductors. These include Low Voltage and High Voltage Power Cables, Aerial Bunched Cables, All Aluminum Conductor (A.A.C. ), All Aluminum Alloy Conductor (A.A.A.C.), Aluminum conductor steel reinforced (A.C.S.R.), and Service Drop Cables.
  • The Paramount group of companies includes Paramount Communications Ltd, one of India's top cable manufacturers. The company makes both power and communication cables. They offer complete cabling solutions to almost every part of the economy, such as the power, telecom, I.T., railway, petrochemical, and industrial sectors. The company sells power cables, such as high-tension, low-tension, aerial bunch cables, control and instrumentation cables, thermocouple extensions, etc.
Stock Name

Share Price


52 Week High


52 Week Low


Market Cap (Rs. cr)
Polycab India2,6182,820.002,043.8539,193
KEI Industries1,452.201,606.95801.0013,098
Sterlite Technologies Ltd164.95317.40128.606,568
Finolex Cables464.60608.60343.507,106
Precision Wires India Ltd86.15130.9549.21996
Universal Cables Ltd255.40268.00125.10886
Salzer Electronics Ltd 246.80290.00149.10394
Dynamic Cables173.10189.00131.55335
Paramount Communications Ltd16.2025.509.65315

(Share Price as of 17th October 2022)

Disclaimer: The securities quoted are exemplary and not recommendatory. Past performance is not indicative of future returns

Factors for choosing the top cable companies

There are many wire companies in India, and deciding which is the best for you can be challenging. Consider these factors when choosing a wire company:

-The fundamentals of the company:  Look for companies that are fundamentally more strong in terms of resources and experience, and flexibility.

-The company's revenue growth: Research online and read year-on-year revenue growth to understand the basics of the company.

Additionally, take into account P/E and other valuation metrics. Use P/B to figure out how much a company is worth, how profitable it is, where the market is headed,  etc.


Looking for a cable company in India can be cumbersome, but it doesn't have to be. With some research and due diligence, you can find a reputable company that will suit your needs. Be sure to compare prices, delivery times, and quality before making your final decision.

This is not an investment advisory. The blog is for information purposes only. Investments in the securities market are subject to market risks, read all the related documents carefully before investing. Past performance is not indicative of future returns. Please consider your specific investment requirements, risk tolerance, goal, time frame, risk and reward balance, and the cost associated with the investment before choosing a fund, or designing a portfolio that suits your needs. The performance and returns of any investment portfolio can neither be predicted nor guaranteed. 

  • What is the current status of the wire and cable industry in India?

  • Who are the leading players in the Indian wire and cable industry?

  • What factors should I consider before investing in a wire or cable stock?