3 Electrical Cables and Wires Maker, Premium Malls Owner and Largest Paint Company Stocks With a Strong Future Roadmap: Finolex Cables, Phoenix Mills and Asian Paints
- November 2, 2026
- Posted by: Harsh Piplani
- Category: Best Stocks
Finolex Cables, Phoenix Mills and Asian Paints: ROE of 11.1% to 20.2% and FY22 to FY26 revenue CAGR of 5.3% to 31.0%. Prices as of 30 Oct 2026.
Quick Answer
The three cable, mall and paint maker stocks to watch are Finolex Cables, Phoenix Mills and Asian Paints. Their return on equity ranges from 11.1% to 20.2%, and their revenue compound annual growth from FY22 to FY26 ranges from 5.3% to 31.0%. Asian Paints has the highest return on equity at 20.2%, while Phoenix Mills has the fastest revenue growth at 31.0% a year. Prices are based on the 30 October 2026 close, and this article is educational, not investment advice.
Cable, mall and paint maker stocks bring together companies with a visible plan for the years ahead. Finolex Cables, Phoenix Mills and Asian Paints cover an electrical cables and wires maker, a premium malls owner and the largest paint company.
This list covers three cable, mall and paint maker stocks with complete current figures: Finolex Cables, Phoenix Mills and Asian Paints. Every figure comes from the latest reported financials and the 30 October 2026 market close. Companies without complete current figures were left out.
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What Are Cable, Mall and Paint Maker Stocks?
Cable, mall and paint maker stocks are listed companies that make cables, wires and consumer electricals, own and run premium retail malls with commercial and residential projects, and sell decorative paints and home improvement products. Their earnings depend on housing activity, retail footfall and input costs.
Cable, Mall and Paint Maker Stocks at a Glance
| Company | CMP (Rs) | Market Cap (Rs Cr) | P/E | Industry P/E | ROE (%) | D/E |
|---|---|---|---|---|---|---|
| Finolex Cables | 1,140 | 19,615 | 24.5 | 45.1 | 11.7 | 0.00 |
| Phoenix Mills | 1,957.2 | 68,308 | 41.9 | 30.7 | 11.1 | 0.48 |
| Asian Paints | 2,320 | 219,805 | 45.4 | 42.6 | 20.2 | 0.18 |
On valuation, Finolex Cables trades at a P/E below the industry P/E, while Phoenix Mills and Asian Paints trade above it, which reflects the growth the market already expects. Readers comparing cable, mall and paint maker stocks should look at return on equity and debt together, since a high return earned with low debt is easier to sustain. With the Q2 FY27 results season close, investors in cable, mall and paint maker stocks can use the coming numbers to test whether growth is holding.
Why Do Cable, Mall and Paint Maker Stocks Have a Strong Roadmap in India?
Cable, mall and paint maker stocks have a strong roadmap in India because rising urban incomes, growing mall footfall and rising spending on home upgrades keep widening the market for these housing and retail linked companies.
- Wiring needs. New homes and offices need cables.
- Mall footfall. Premium malls draw rising shopper traffic.
- Home upgrades. Repainting and decor spending continues.
Why Finolex Cables Features Among These Cable, Mall and Paint Maker Stocks
Among the cable, mall and paint maker stocks on this list, Finolex Cables is a Pune-based maker of electrical cables and wires, communication cables, copper products and consumer electricals such as fans, lighting and switchgear, sold under the Finolex brand.
The company has a return on equity of 11.7%, a debt to equity ratio of 0.00 and a market capitalisation of Rs 19,615 crore. The stock trades at a P/E of 24.5, below the industry P/E of 45.1.
Revenue rose from Rs 3,840 crore in FY22 to Rs 6,487 crore in FY26, a compound annual growth rate of 14.0%. Net profit grew from Rs 504 crore in FY23 to Rs 714 crore in FY26, which works out to a compound annual growth rate of 12.3%. In the June 2026 quarter, revenue grew 42.4% year on year to Rs 2,065 crore, while net profit rose 53.1% to Rs 249 crore.
Roadmap: Strong brand recall among electricians and a wide distribution network support its position in housing wires. Infrastructure, housing and telecom projects add to demand for its cables and related electricals.
What to watch: Track growth in the electrical consumer products business and copper price trends.
Why Phoenix Mills Features Among These Cable, Mall and Paint Maker Stocks
Among the home and retail space shares on this list, Phoenix Mills owns and operates premium retail malls in major cities under the Phoenix brand and also has commercial, residential and hospitality assets.
Revenue rose from Rs 1,558 crore in FY22 to Rs 4,594 crore in FY26, a compound annual growth rate of 31.0%. Net profit grew from Rs 248 crore in FY22 to Rs 1,557 crore in FY26, which works out to a compound annual growth rate of 58.3%.
In the June 2026 quarter, revenue grew 13.3% year on year to Rs 1,115 crore, while net profit rose 23.0% to Rs 394 crore. The company has a return on equity of 11.1%, a debt to equity ratio of 0.48 and a market capitalisation of Rs 68,308 crore. The stock trades at a P/E of 41.9, above the industry P/E of 30.7.
Roadmap: The company is adding mall space and commercial assets as consumer spending rises. Rental income linked to footfall and consumption supports earnings as the portfolio matures.
What to watch: Track consumption in its malls, new mall openings and rental growth.
Why Asian Paints Features Among These Cable, Mall and Paint Maker Stocks
Among the three companies on this list, Asian Paints is India’s largest paint company, selling decorative paints, waterproofing, home improvement products and industrial coatings under well-known brands, with a presence in several countries.
In the June 2026 quarter, revenue grew 18.1% year on year to Rs 10,783 crore, while net profit rose 39.6% to Rs 1,559 crore. Revenue rose from Rs 29,481 crore in FY22 to Rs 36,307 crore in FY26, a compound annual growth rate of 5.3%.
Net profit grew from Rs 3,085 crore in FY22 to Rs 4,395 crore in FY26, which works out to a compound annual growth rate of 9.3%. The company has a return on equity of 20.2%, a debt to equity ratio of 0.18 and a market capitalisation of Rs 219,805 crore. The stock trades at a P/E of 45.4, above the industry P/E of 42.6.
Roadmap: The company is growing its home decor and waterproofing offerings and widening its dealer network. A strong brand and deep distribution help it benefit from housing and renovation demand.
What to watch: Follow volume growth, premium product mix and raw material costs.
Finolex Cables vs Phoenix Mills vs Asian Paints on Key Financials
The table below sets the three cable, mall and paint maker 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 |
|---|---|---|---|---|---|
| Finolex Cables | 3,840 | 6,487 | 14.0% | 714 | 11.0% |
| Phoenix Mills | 1,558 | 4,594 | 31.0% | 1,557 | 33.9% |
| Asian Paints | 29,481 | 36,307 | 5.3% | 4,395 | 12.1% |
Asian Paints posts the highest return on equity in this group at 20.2%. Asian Paints has the largest FY26 revenue at Rs 36,307 crore, and Phoenix Mills shows the fastest revenue growth with a 31.0% compound annual rate. A useful habit with cable, mall and paint maker stocks is to check each new quarterly result against the capacity plans the company described earlier.
The June 2026 quarter, the latest reported, gives a fresh read on momentum:
| Company | Q1 FY26 Revenue (Rs Cr) | Q1 FY27 Revenue (Rs Cr) | Year-on-Year Growth |
|---|---|---|---|
| Finolex Cables | 1,450 | 2,065 | 42.4% |
| Phoenix Mills | 985 | 1,115 | 13.3% |
| Asian Paints | 9,131 | 10,783 | 18.1% |
Key Risks to Check Before Investing in Cable, Mall and Paint Maker Stocks
Every theme carries risks that deserve a check before any decision. For these cable, mall and paint maker stocks, the main points are: Long-term home and retail space 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 cable, mall and paint maker stocks by market capitalisation, P/E, ROE and growth, and build your own shortlist.
Final Thoughts on Cable, Mall and Paint Maker Stocks
Cable, mall and paint maker stocks suit investors who prefer to study business strength before price moves. Finolex Cables, Phoenix Mills and Asian Paints each have a clear plan to grow. Based on the 30 October 2026 close, Finolex Cables trades at Rs 1,140, Phoenix Mills at Rs 1,957.2 and Asian Paints at Rs 2,320. Valuation matters as much as growth, so compare each company’s P/E with its industry P/E before adding any of these cable, mall and paint maker 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 cable, mall and paint maker stocks?
Ans. Cable, mall and paint maker stocks are listed companies that make cables, wires and consumer electricals, own and run premium retail malls with commercial and residential projects, and sell decorative paints and home improvement products. Their earnings depend on housing activity, retail footfall and input costs. This list looks at three of them, Finolex Cables, Phoenix Mills and Asian Paints, using reported FY22 to FY26 financials and the 30 October 2026 closing prices.
Which cable, mall and paint maker stocks are covered in this list?
Ans. This list covers Finolex Cables, Phoenix Mills and Asian Paints. Based on the 30 October 2026 close, Finolex Cables traded at Rs 1,140, Phoenix Mills at Rs 1,957.2 and Asian Paints at Rs 2,320. Their return on equity ranges from 11.1% to 20.2%, and their revenue compound annual growth from FY22 to FY26 ranges from 5.3% to 31.0%.
Why do cable, mall and paint maker stocks have a strong future roadmap in India?
Ans. Cable, mall and paint maker stocks have a strong roadmap in India because rising urban incomes, growing mall footfall and rising spending on home upgrades keep widening the market for these housing and retail linked companies. The main drivers are as follows. Wiring needs. New homes and offices need cables. Mall footfall. Premium malls draw rising shopper traffic. Home upgrades. Repainting and decor spending continues. Together these factors give the companies on this list a visible path for growth over the coming years.
How has Finolex Cables performed financially?
Ans. Revenue rose from Rs 3,840 crore in FY22 to Rs 6,487 crore in FY26, a compound annual growth rate of 14.0%. Net profit grew from Rs 504 crore in FY23 to Rs 714 crore in FY26, which works out to a compound annual growth rate of 12.3%. In the June 2026 quarter, revenue grew 42.4% year on year to Rs 2,065 crore, while net profit rose 53.1% to Rs 249 crore. The company has a return on equity of 11.7%, a debt to equity ratio of 0.00 and a market capitalisation of Rs 19,615 crore. The stock trades at a P/E of 24.5, below the industry P/E of 45.1. Looking ahead, strong brand recall among electricians and a wide distribution network support its position in housing wires. Infrastructure, housing and telecom projects add to demand for its cables and related electricals.
How has Phoenix Mills performed financially?
Ans. Revenue rose from Rs 1,558 crore in FY22 to Rs 4,594 crore in FY26, a compound annual growth rate of 31.0%. Net profit grew from Rs 248 crore in FY22 to Rs 1,557 crore in FY26, which works out to a compound annual growth rate of 58.3%. In the June 2026 quarter, revenue grew 13.3% year on year to Rs 1,115 crore, while net profit rose 23.0% to Rs 394 crore. The company has a return on equity of 11.1%, a debt to equity ratio of 0.48 and a market capitalisation of Rs 68,308 crore. The stock trades at a P/E of 41.9, above the industry P/E of 30.7. Looking ahead, the company is adding mall space and commercial assets as consumer spending rises. Rental income linked to footfall and consumption supports earnings as the portfolio matures.
How has Asian Paints performed financially?
Ans. Revenue rose from Rs 29,481 crore in FY22 to Rs 36,307 crore in FY26, a compound annual growth rate of 5.3%. Net profit grew from Rs 3,085 crore in FY22 to Rs 4,395 crore in FY26, which works out to a compound annual growth rate of 9.3%. In the June 2026 quarter, revenue grew 18.1% year on year to Rs 10,783 crore, while net profit rose 39.6% to Rs 1,559 crore. The company has a return on equity of 20.2%, a debt to equity ratio of 0.18 and a market capitalisation of Rs 219,805 crore. The stock trades at a P/E of 45.4, above the industry P/E of 42.6. Looking ahead, the company is growing its home decor and waterproofing offerings and widening its dealer network. A strong brand and deep distribution help it benefit from housing and renovation demand.
What risks should investors check before buying cable, mall and paint maker stocks?
Ans. Investors should check a few risks before buying cable, mall and paint maker 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 cable, mall and paint maker stocks investment advice?
Ans. No. This article is educational and uses publicly available data as of the 30 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.
