Archive · 5 Aug 2025
Indian Wire and Cable Sector Poised for Growth, Stocks to Watch
Imagine India is building lots of new roads, buildings, and power lines!
This means companies that make wires and cables will make a lot more money.
The article talks about how this market could get twice as big in the next few years.
Some companies, like R R Kabel, Polycab, and KEI Industries, are expected to do well because they make these important wires and cables.
They are growing by expanding their factories, selling more products, and focusing on different areas like solar power and selling their products in other countries.
India's wire and cable market is projected to double to $17 billion by FY32 due to infrastructure growth.
R R Kabel, Polycab India, and KEI Industries are identified as companies poised to benefit from this growth.
Government infrastructure programs, electrification, and renewable energy are key growth drivers.
Each company has specific strategies: R R Kabel focuses on capacity expansion, Polycab on domestic and export growth, and KEI on a balanced approach.
All three companies are well-positioned to capture a larger share of the expanding market.
- Who
- R R Kabel, Polycab India, and KEI Industries are the companies mentioned.
- What
- India's wire and cable market is expected to grow significantly.
- When
- The market is expected to double by FY32.
- Where
- India
- Why
- Due to government infrastructure spending, electrification, and renewable energy projects.
Company Strategies
Growth Focus
Expansion Strategies
Company Strategies
R R Kabel is expanding its capacity.
Growth Focus
KEI Industries is also expanding capacity while Polycab focuses on domestic and export growth.
Segment Performance
Company Strategies
R R Kabel has losses in its FMEG business.
Growth Focus
Polycab and KEI Industries also have varying degrees of expansion into different segments.
- Market Forecast
- $17 billion by FY32
- R R Kabel Revenue (FY25)
- ₹76.2 billion
- Polycab Revenue (FY25)
- ₹224 billion
- KEI Industries Revenue (FY25)
- ₹97.4 billion
- Polycab P/E
- 46x
- KEI Industries P/E
- 49x
- R R Kabel P/E
- 45x