3 Largest Tile Maker, Wires and Cables Brand and Mumbai Residential Developer Stocks With a Strong Future Roadmap: Kajaria Ceramics, Polycab India and Lodha Developers
- October 30, 2026
- Posted by: Kunal Singla
- Category: Best Stocks
Kajaria Ceramics, Polycab India and Lodha Developers: ROE of 14.7% to 24.1% and FY22 to FY26 revenue CAGR of 6.9% to 24.1%. Prices as of 29 Oct 2026.
Quick Answer
The three tile, wire and Mumbai housing developer stocks to watch are Kajaria Ceramics, Polycab India and Lodha Developers. Their return on equity ranges from 14.7% to 24.1%, and their revenue compound annual growth from FY22 to FY26 ranges from 6.9% to 24.1%. Polycab India leads on both return on equity at 24.1% and revenue growth at 24.1% a year. Prices are based on the 29 October 2026 close, and this article is educational, not investment advice.
Tile, wire and Mumbai housing developer stocks let investors follow companies that serve a growing part of the Indian economy. Kajaria Ceramics, Polycab India and Lodha Developers cover the largest tile maker, a wires and cables brand and a Mumbai residential developer.
This list covers three tile, wire and Mumbai housing developer stocks with complete current figures: Kajaria Ceramics, Polycab India and Lodha Developers. Every figure comes from the latest reported financials and the 29 October 2026 market close. Companies without complete current figures were left out.
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What Are Tile, Wire and Mumbai Housing Developer Stocks?
Tile, wire and Mumbai housing developer stocks are listed companies that make ceramic and vitrified tiles, produce wires and cables with fans, lights and switches and build residential projects in the Mumbai region and beyond. Their earnings depend on housing activity, dealer sales and input costs.
Tile, Wire and Mumbai Housing Developer Stocks at a Glance
| Company | CMP (Rs) | Market Cap (Rs Cr) | P/E | Industry P/E | ROE (%) | D/E |
|---|---|---|---|---|---|---|
| Kajaria Ceramics | 1,102.1 | 18,977 | 34.6 | 31.1 | 15.8 | 0.07 |
| Polycab India | 7,745 | 115,291 | 36.0 | 42.9 | 24.1 | 0.02 |
| Lodha Developers | 1,045.8 | 100,506 | 24.3 | 30.7 | 14.7 | 0.42 |
On valuation, Polycab India and Lodha Developers trade at a P/E below the industry P/E, while Kajaria Ceramics trades above it, which reflects the growth the market already expects. Readers comparing tile, wire and Mumbai housing developer stocks should look at return on equity and debt together, since a high return earned with low debt is easier to sustain.
Why Do Tile, Wire and Mumbai Housing Developer Stocks Have a Strong Roadmap in India?
Tile, wire and Mumbai housing developer stocks have a strong roadmap in India because rising urban incomes, new project launches and home upgrades keep widening the market for these housing linked companies.
- New launches. Fresh projects create demand for finishing products.
- Dealer reach. Wide networks serve builders and homeowners.
- Rising incomes. Buyers upgrade to better homes.
Why Kajaria Ceramics Features Among These Tile, Wire and Mumbai Housing Developer Stocks
Among the tile, wire and Mumbai housing developer stocks on this list, Kajaria Ceramics is India’s largest ceramic and vitrified tile maker, with plants across several states and a large dealer network.
Revenue rose from Rs 3,733 crore in FY22 to Rs 4,883 crore in FY26, a compound annual growth rate of 6.9%. Net profit grew from Rs 383 crore in FY22 to Rs 490 crore in FY26, which works out to a compound annual growth rate of 6.4%.
In the June 2026 quarter, revenue grew 20.5% year on year to Rs 1,345 crore, while net profit rose 55.0% to Rs 171 crore. The company has a return on equity of 15.8%, a debt to equity ratio of 0.07 and a market capitalisation of Rs 18,977 crore. The stock trades at a P/E of 34.6, above the industry P/E of 31.1.
Roadmap: The company has added capacity in tiles and widened into adhesives, sanitaryware and faucets, which allows it to sell more products to each customer. Demand from housing, redevelopment and commercial building supports tile volumes.
What to watch: Check the capacity utilisation in newer plants and growth in the bath products business.
Why Polycab India Features Among These Tile, Wire and Mumbai Housing Developer Stocks
Among the new home finishing shares on this list, Polycab India is a leading maker of wires and cables, with a growing range of fast moving electrical goods that includes fans, lighting, switches and switchgear, and a project business in engineering and procurement.
Revenue rose from Rs 12,294 crore in FY22 to Rs 29,120 crore in FY26, a compound annual growth rate of 24.1%. Net profit grew from Rs 845 crore in FY22 to Rs 2,708 crore in FY26, which works out to a compound annual growth rate of 33.8%.
The company has a return on equity of 24.1%, a debt to equity ratio of 0.02 and a market capitalisation of Rs 115,291 crore. The stock trades at a P/E of 36.0, below the industry P/E of 42.9.
Roadmap: Spending on housing, power networks and industry is lifting demand for cables, while the company is deepening its presence in consumer electricals through its dealer network. Capacity additions help it serve both retail and project customers.
What to watch: Monitor cable volumes and the growth of its consumer electricals range.
Why Lodha Developers Features Among These Tile, Wire and Mumbai Housing Developer Stocks
Among the three companies on this list, Lodha Developers, listed as Macrotech Developers, is a leading residential real estate developer in the Mumbai Metropolitan Region, with projects in Pune, Bengaluru and other cities. It also builds industrial and logistics parks.
The company has a return on equity of 14.7%, a debt to equity ratio of 0.42 and a market capitalisation of Rs 100,506 crore. The stock trades at a P/E of 24.3, below the industry P/E of 30.7.
Revenue rose from Rs 9,525 crore in FY22 to Rs 17,120 crore in FY26, a compound annual growth rate of 15.8%. Net profit grew from Rs 1,208 crore in FY22 to Rs 3,431 crore in FY26, which works out to a compound annual growth rate of 29.8%. In the June 2026 quarter, revenue grew 40.6% year on year to Rs 5,097 crore, while net profit rose 103.4% to Rs 1,373 crore.
Roadmap: The company is launching new projects in its core micro-markets while growing its land bank and its industrial parks business. A strong brand supports pre-sales across price points.
What to watch: Track pre-sales bookings, new launches and collections from ongoing projects.
Kajaria Ceramics vs Polycab India vs Lodha Developers on Key Financials
The table below sets the three tile, wire and Mumbai housing developer stocks side by side on revenue, profit and margin, using reported figures.
| Company | FY22 Revenue (Rs Cr) | FY26 Revenue (Rs Cr) | Revenue CAGR (FY22-FY26) | FY26 Net Profit (Rs Cr) | FY26 Net Margin |
|---|---|---|---|---|---|
| Kajaria Ceramics | 3,733 | 4,883 | 6.9% | 490 | 10.0% |
| Polycab India | 12,294 | 29,120 | 24.1% | 2,708 | 9.3% |
| Lodha Developers | 9,525 | 17,120 | 15.8% | 3,431 | 20.0% |
Polycab India posts the highest return on equity in this group at 24.1%. Polycab India combines the largest FY26 revenue at Rs 29,120 crore with the fastest revenue growth, a 24.1% compound annual rate. A useful habit with tile, wire and Mumbai housing developer stocks is to check each new quarterly result against the capacity plans the company described earlier.
Key Risks to Check Before Investing in Tile, Wire and Mumbai Housing Developer Stocks
Every theme carries risks that deserve a check before any decision. For these tile, wire and Mumbai housing developer stocks, the main points are: Long-term new home finishing shares holders usually track revenue growth, margins and cash flow side by side rather than relying on a single ratio.
- Housing cycles. Real estate and building demand can vary with rates and sentiment.
- Input costs. Metal and material prices can move margins.
- Valuation levels. Some of these companies trade at high earnings multiples, so growth must continue to justify them.
Treat this list as a starting point for research and not as a recommendation. Read the latest results presentation, check the management commentary on order books or capacity plans, and compare each company with its peers before you decide anything.
Use the Univest Stock Screener to filter tile, wire and Mumbai housing developer stocks by market capitalisation, P/E, ROE and growth, and build your own shortlist.
Final Thoughts on Tile, Wire and Mumbai Housing Developer Stocks
Tile, wire and Mumbai housing developer stocks reward investors who follow demand trends, order books and margins together. Kajaria Ceramics, Polycab India and Lodha Developers each have a clear plan to grow. Based on the 29 October 2026 close, Kajaria Ceramics trades at Rs 1,102.1, Polycab India at Rs 7,745 and Lodha Developers at Rs 1,045.8. Valuation matters as much as growth, so compare each company’s P/E with its industry P/E before adding any of these tile, wire and Mumbai housing developer stocks to a watchlist.
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Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
What are tile, wire and Mumbai housing developer stocks?
Ans. Tile, wire and Mumbai housing developer stocks are listed companies that make ceramic and vitrified tiles, produce wires and cables with fans, lights and switches and build residential projects in the Mumbai region and beyond. Their earnings depend on housing activity, dealer sales and input costs. This list looks at three of them, Kajaria Ceramics, Polycab India and Lodha Developers, using reported FY22 to FY26 financials and the 29 October 2026 closing prices.
Which tile, wire and Mumbai housing developer stocks are covered in this list?
Ans. This list covers Kajaria Ceramics, Polycab India and Lodha Developers. Based on the 29 October 2026 close, Kajaria Ceramics traded at Rs 1,102.1, Polycab India at Rs 7,745 and Lodha Developers at Rs 1,045.8. Their return on equity ranges from 14.7% to 24.1%, and their revenue compound annual growth from FY22 to FY26 ranges from 6.9% to 24.1%.
Why do tile, wire and Mumbai housing developer stocks have a strong future roadmap in India?
Ans. Tile, wire and Mumbai housing developer stocks have a strong roadmap in India because rising urban incomes, new project launches and home upgrades keep widening the market for these housing linked companies. The main drivers are as follows. New launches. Fresh projects create demand for finishing products. Dealer reach. Wide networks serve builders and homeowners. Rising incomes. Buyers upgrade to better homes. Together these factors give the companies on this list a visible path for growth over the coming years.
How has Kajaria Ceramics performed financially?
Ans. Revenue rose from Rs 3,733 crore in FY22 to Rs 4,883 crore in FY26, a compound annual growth rate of 6.9%. Net profit grew from Rs 383 crore in FY22 to Rs 490 crore in FY26, which works out to a compound annual growth rate of 6.4%. In the June 2026 quarter, revenue grew 20.5% year on year to Rs 1,345 crore, while net profit rose 55.0% to Rs 171 crore. The company has a return on equity of 15.8%, a debt to equity ratio of 0.07 and a market capitalisation of Rs 18,977 crore. The stock trades at a P/E of 34.6, above the industry P/E of 31.1. Looking ahead, the company has added capacity in tiles and widened into adhesives, sanitaryware and faucets, which allows it to sell more products to each customer. Demand from housing, redevelopment and commercial building supports tile volumes.
How has Polycab India performed financially?
Ans. Revenue rose from Rs 12,294 crore in FY22 to Rs 29,120 crore in FY26, a compound annual growth rate of 24.1%. Net profit grew from Rs 845 crore in FY22 to Rs 2,708 crore in FY26, which works out to a compound annual growth rate of 33.8%. The company has a return on equity of 24.1%, a debt to equity ratio of 0.02 and a market capitalisation of Rs 115,291 crore. The stock trades at a P/E of 36.0, below the industry P/E of 42.9. Looking ahead, spending on housing, power networks and industry is lifting demand for cables, while the company is deepening its presence in consumer electricals through its dealer network. Capacity additions help it serve both retail and project customers.
How has Lodha Developers performed financially?
Ans. Revenue rose from Rs 9,525 crore in FY22 to Rs 17,120 crore in FY26, a compound annual growth rate of 15.8%. Net profit grew from Rs 1,208 crore in FY22 to Rs 3,431 crore in FY26, which works out to a compound annual growth rate of 29.8%. In the June 2026 quarter, revenue grew 40.6% year on year to Rs 5,097 crore, while net profit rose 103.4% to Rs 1,373 crore. The company has a return on equity of 14.7%, a debt to equity ratio of 0.42 and a market capitalisation of Rs 100,506 crore. The stock trades at a P/E of 24.3, below the industry P/E of 30.7. Looking ahead, the company is launching new projects in its core micro-markets while growing its land bank and its industrial parks business. A strong brand supports pre-sales across price points.
What risks should investors check before buying tile, wire and Mumbai housing developer stocks?
Ans. Investors should check a few risks before buying tile, wire and Mumbai housing developer stocks. Housing cycles. Real estate and building demand can vary with rates and sentiment. Input costs. Metal and material prices can move margins. Valuation levels. Some of these companies trade at high earnings multiples, so growth must continue to justify them. Reading the latest results presentation and comparing each company with its peers helps judge how these risks apply to each stock.
Is this list of tile, wire and Mumbai housing developer stocks investment advice?
Ans. No. This article is educational and uses publicly available data as of the 29 October 2026 close. Please verify figures on NSE and BSE, read company filings and consult a SEBI registered adviser before investing. Univest is SEBI registered research analyst INH000013776.
