Four key players now command half the market in wires and cables, a sign of just how concentrated and important this sector has become. For investors, focusing on these companies offers a chance to benefit from the industry’s steady growth and ongoing transformation, reflecting major trends shaping future opportunities.
Wire & Cable Industry Overview
The global wire and cable market is expected to grow from about $241 billion in 2025 to almost $315 billion by 2030, at an annual growth rate of 5.5%. This growth is mainly driven by the increased use of renewable energy and higher demand for special wires and cables in smart buildings and sustainable infrastructure.
In India, the wires and cables (W&C) sector makes up roughly 39% of the entire electrical industry. It is projected to grow at a strong annual rate of 11–13% between FY24 and FY29, reaching approximately Rs. 1,20,000 crore by FY29.
Key reasons for this growth include ongoing infrastructure projects, new construction, and expanding digital connectivity. The size of India’s W&C market was around Rs. 16,765 crore in FY23-24, up from Rs. 8,322 crore in FY19-20. Additionally, exports from April to October 2024 increased by 8% compared to the previous year.
List of Market Leader Stocks in the Wires and Cables Segment:
1. Polycab India
India’s largest wires and cables manufacturer, Polycab is also a fast-growing FMEG brand, offering electrical products like fans, switches, and lighting, with a strong global presence and innovation focus.
Polycab Limited’s stock, with a market capitalisation of Rs. 1,04,684 crores, rose to Rs. 6,983, hitting a high of up to 0.24 percent from its previous closing price of Rs. 6,966. The company holds a market share of approximately 26–27% as of 2025.
In Q1FY26, the company reported revenue of Rs. 5,906 crore, up 25.7% YoY from Rs. 4,698 crore but down 15.5% QoQ from Rs. 6,986 crore. Net profit stood at Rs. 600 crore, marking a 49.3% YoY increase from Rs. 402 crore, though it declined 18.3% QoQ compared to Rs. 734 crore in Q4FY25.
2. KEI Industries
A leading Indian cable company, KEI produces extra-high, medium, and low voltage power cables. It has served 55+ countries with flexible manufacturing and strong EPC services since 1968.
KEI Industries Limited’s stock, with a market capitalisation of Rs. 36,386 crores, rose to Rs. 3,825, hitting a high of up to 0.56 percent from its previous closing price of Rs. 3,803.80. The company holds a market share of 10.4% as of 2025.
In Q1FY26, the company posted revenue of Rs. 2,590 crore, up 25.4% YoY from Rs. 2,065 crore but down 11.2% QoQ from Rs. 2,915 crore. Net profit rose 30.7% YoY to Rs. 196 crore from Rs. 150 crore, while it declined 13.7% QoQ compared to Rs. 227 crore in Q4FY25.
3. R R Kabel
RR Kabel manufactures wires, cables, and FMEG products like fans and lighting, supplying over 90 countries with 1,200+ products and renowned for international quality certifications.
R R Kabel Limited’s stock, with a market capitalisation of Rs. 13,728 crores, rose to Rs. 1,227.20, hitting a high of up to 0.37 percent from its previous closing price of Rs. 1,222.60. The company holds a market share of 7.44% as of 2025.
In Q4FY25, the company reported revenue of Rs. 2,218 crore, up 26.5% YoY from Rs. 1,754 crore and 24.5% QoQ from Rs. 1,782 crore. Net profit rose 63.3% YoY to Rs. 129 crore from Rs. 79 crore and surged 87% QoQ from Rs. 69 crore in Q3FY25.
4. Finolex Cables
India’s top manufacturer of electrical and telecommunication cables, Finolex has a strong legacy, wide innovation, and presence in FMEG, with plants in Pune, Goa, and Roorkee.
Finolex Cables Limited’s stock, with a market capitalisation of Rs. 12,433.20 crores, rose to Rs. 833.60, hitting a high of up to 0.53 percent from its previous closing price of Rs. 829.15. The company holds a market share of 5.67% as of 2025.
In Q4FY25, the company posted revenue of Rs. 1,595 crore, up 13.8% YoY from Rs. 1,401 crore and 35% QoQ from Rs. 1,182 crore. Net profit rose modestly by 3.2% YoY to Rs. 192 crore from Rs. 186 crore and jumped 30.6% QoQ from Rs. 147 crore in Q3FY25.
Written By Fazal Ul Vahab C H
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