Top wires and cables manufacturing companies in India

Wires and cables form the backbone of any modern society, facilitating the seamless transmission of electricity and data. They are used everywhere and are regarded as the arteries of electrical systems. Their applications encompass a vast array of functions, from delivering electricity and enabling telecommunication to facilitating the smooth operation of electronic devices and finding use in diverse industrial settings.

In India, a country witnessing rapid urbanisation and industrial growth, the demand for reliable and efficient power transmission has never been more significant. This has led to the emergence of several pioneering wire and cable companies that play a crucial role in powering the nation’s connectivity.

Over the past two decades, infrastructure development has experienced an unprecedented surge, resulting in substantial growth within the wire & cable industry.

Nowadays, specialized wires and cables also cater to different industries such as defence, medical, telecom, networking, and power, meeting their specific requirements.

The following are the major listed players in the wires and cables industries in India. The list is synchronized as per market capitalisation.

Among them, Polycab India recently reported its Q1 FY24 earnings, resulting in a surge in its shares during today’s trading session. Additionally, the share prices of other listed players also experienced notable gains in today’s trading session.

If we check their quarterly performance, then the company’s overall revenue surged significantly by 42.13% YoY from Rs 2737 Crore to Rs 3889 Crore. Whereas on a sequential basis, it has declined by 10%

The revenues from Wires & Cables experienced a remarkable YoY growth of 46%, reaching Rs 3487 crore, driven by robust volume expansion in both the domestic and international markets. It accounts for approximately 89.6% of total revenue.

The operating profit reported by the company is Rs 549 Crore with operating profit margins of 14%. The net profit during the June quarters stands at Rs 403 Crore.

The industry is currently experiencing robust domestic demand, which is supported by government initiatives, improving private capital expenditure, and a strong uptake in the real estate sector.

Some other players who are directly or indirectly involved in this industry have also demonstrated their strength today in the market, with companies like Sterlite Tech experiencing a 2.89% surge, Universal Cables witnessing an 11.14% increase, Dynamic Cables growing by 3.6%, and Birla Cables soaring by 7.76%, among others.

These share price movements indicate that investors are anticipating sustained growth in the wires and cables industry and are hopeful for positive results to be reported by other companies in this sector.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet, and is subject to changes. Please consult an expert before making related decisions.