3 Diagnostics Chain, Gas Compression and Oilfield Services Company and Electrical Cables Maker Stocks With a Strong Future Roadmap: Metropolis Healthcare, Deep Industries and Finolex Cables
- November 10, 2026
- Posted by: Chaitanya Auti
- Category: Best Stocks
Metropolis Healthcare, Deep Industries and Finolex Cables: ROE of 11.7% to 19.4% and FY22 to FY26 revenue CAGR of 7.6% to 31.0%. Prices as of 9 Nov 2026.
Quick Answer
The three diagnostic, oilfield service and cable stocks to watch are Metropolis Healthcare, Deep Industries and Finolex Cables. Their return on equity ranges from 11.7% to 19.4%, and their revenue compound annual growth from FY22 to FY26 ranges from 7.6% to 31.0%. Deep Industries leads on both return on equity at 19.4% and revenue growth at 31.0% a year. Prices are based on the 9 November 2026 close, and this article is educational, not investment advice.
Diagnostic, oilfield service and cable stocks let investors follow companies that serve a growing part of the Indian economy. Metropolis Healthcare, Deep Industries and Finolex Cables cover a diagnostics chain, a gas compression and oilfield services company and an electrical cables maker.
This list covers three diagnostic, oilfield service and cable stocks with complete current figures: Metropolis Healthcare, Deep Industries and Finolex Cables. Every figure comes from the latest reported financials and the 9 November 2026 market close. Companies without complete current figures were left out.
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What Are Diagnostic, Oilfield Service and Cable Stocks?
Diagnostic, oilfield service and cable stocks are listed companies that run diagnostic laboratories and collection centres, provide gas compression and oilfield services, and produce electrical and communication cables. Their earnings depend on test volumes, gas production activity and building and grid investment.
Diagnostic, Oilfield Service and Cable Stocks at a Glance
| Company | CMP (Rs) | Market Cap (Rs Cr) | P/E | Industry P/E | ROE (%) | D/E |
|---|---|---|---|---|---|---|
| Metropolis Healthcare | 575.9 | 10,780 | 53.1 | 59.6 | 12.6 | 0.15 |
| Deep Industries | 644.15 | 4,618 | 20.6 | 7.2 | 19.4 | 0.10 |
| Finolex Cables | 1,309 | 19,615 | 24.5 | 45.1 | 11.7 | 0.00 |
On valuation, Metropolis Healthcare and Finolex Cables trade at a P/E below the industry P/E, while Deep Industries trades above it, which reflects the growth the market already expects. Readers comparing diagnostic, oilfield service and cable 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 diagnostic, oilfield service and cable stocks can use the coming numbers to test whether growth is holding.
Why Do Diagnostic, Oilfield Service and Cable Stocks Have a Strong Roadmap in India?
Diagnostic, oilfield service and cable stocks have a strong roadmap in India because wider access to preventive testing, growing gas production and processing needs and rising construction and wiring needs keep widening the market for these companies.
- Diagnostics. Regular health tests become common.
- Gas compression. Gas fields need compression and processing.
- Cables. New homes and grids need wiring.
Why Metropolis Healthcare Features Among These Diagnostic, Oilfield Service and Cable Stocks
Among the diagnostic, oilfield service and cable stocks on this list, Metropolis Healthcare, headquartered in Mumbai, is a pathology and diagnostics company that runs a national network of laboratories, patient service centres and collection points, and also serves hospitals and corporate clients.
The company has a return on equity of 12.6%, a debt to equity ratio of 0.15 and a market capitalisation of Rs 10,780 crore. The stock trades at a P/E of 53.1, below the industry P/E of 59.6.
Revenue rose from Rs 1,246 crore in FY22 to Rs 1,671 crore in FY26, a compound annual growth rate of 7.6%. Net profit grew from Rs 143 crore in FY23 to Rs 191 crore in FY26, which works out to a compound annual growth rate of 10.1%. In the June 2026 quarter, revenue grew 15.7% year on year to Rs 455 crore, while net profit rose 25.7% to Rs 56.9 crore.
Roadmap: The company is deepening its presence in existing regions while extending into new cities through collection points and partner labs. A larger share of specialised tests in oncology, genetics and wellness lifts revenue per patient and helps its mix.
What to watch: Follow test volumes per patient and the pace at which newer regions turn profitable.
Why Deep Industries Features Among These Diagnostic, Oilfield Service and Cable Stocks
Among the pathology lab, gas compression and wire shares on this list, Deep Industries provides natural gas compression, dehydration and oilfield services and also operates gas fields, serving oil and gas producers in India.
Revenue rose from Rs 326 crore in FY22 to Rs 960 crore in FY26, a compound annual growth rate of 31.0%. Net profit grew from Rs 72.4 crore in FY22 to Rs 197 crore in FY26, which works out to a compound annual growth rate of 28.4%.
In the June 2026 quarter, revenue grew 42.1% year on year to Rs 303 crore, while net profit rose 44.5% to Rs 89.1 crore. The company has a return on equity of 19.4%, a debt to equity ratio of 0.10 and a market capitalisation of Rs 4,618 crore. The stock trades at a P/E of 20.6, above the industry P/E of 7.2.
Roadmap: The company is adding gas compression contracts and building its own gas production as demand for natural gas grows. Long-term service contracts give it steady visibility.
What to watch: Follow new contract wins, gas output and fleet utilisation.
Why Finolex Cables Features Among These Diagnostic, Oilfield Service and Cable Stocks
Among the three companies 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.
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. 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%. 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.
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.
Metropolis Healthcare vs Deep Industries vs Finolex Cables on Key Financials
The table below sets the three diagnostic, oilfield service and cable 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 |
|---|---|---|---|---|---|
| Metropolis Healthcare | 1,246 | 1,671 | 7.6% | 191 | 11.4% |
| Deep Industries | 326 | 960 | 31.0% | 197 | 20.5% |
| Finolex Cables | 3,840 | 6,487 | 14.0% | 714 | 11.0% |
Deep Industries posts the highest return on equity in this group at 19.4%. Finolex Cables has the largest FY26 revenue at Rs 6,487 crore, and Deep Industries shows the fastest revenue growth with a 31.0% compound annual rate. A useful habit with diagnostic, oilfield service and cable 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 |
|---|---|---|---|
| Metropolis Healthcare | 394 | 455 | 15.7% |
| Deep Industries | 213 | 303 | 42.1% |
| Finolex Cables | 1,450 | 2,065 | 42.4% |
Key Risks to Check Before Investing in Diagnostic, Oilfield Service and Cable Stocks
Every theme carries risks that deserve a check before any decision. For these diagnostic, oilfield service and cable stocks, the main points are: Long-term pathology lab, gas compression and wire shares holders usually track revenue growth, margins and cash flow side by side rather than relying on a single ratio.
- Test volumes. Footfall and test mix can vary with seasons.
- Oil and gas prices. Earnings follow crude oil, gas and refining 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 diagnostic, oilfield service and cable stocks by market capitalisation, P/E, ROE and growth, and build your own shortlist.
Final Thoughts on Diagnostic, Oilfield Service and Cable Stocks
Diagnostic, oilfield service and cable stocks reward investors who follow demand trends, order books and margins together. Metropolis Healthcare, Deep Industries and Finolex Cables each have a clear plan to grow. Based on the 9 November 2026 close, Metropolis Healthcare trades at Rs 575.9, Deep Industries at Rs 644.15 and Finolex Cables at Rs 1,309. Valuation matters as much as growth, so compare each company’s P/E with its industry P/E before adding any of these diagnostic, oilfield service and cable 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 diagnostic, oilfield service and cable stocks?
Ans. Diagnostic, oilfield service and cable stocks are listed companies that run diagnostic laboratories and collection centres, provide gas compression and oilfield services, and produce electrical and communication cables. Their earnings depend on test volumes, gas production activity and building and grid investment. This list looks at three of them, Metropolis Healthcare, Deep Industries and Finolex Cables, using reported FY22 to FY26 financials and the 9 November 2026 closing prices.
Which diagnostic, oilfield service and cable stocks are covered in this list?
Ans. This list covers Metropolis Healthcare, Deep Industries and Finolex Cables. Based on the 9 November 2026 close, Metropolis Healthcare traded at Rs 575.9, Deep Industries at Rs 644.15 and Finolex Cables at Rs 1,309. Their return on equity ranges from 11.7% to 19.4%, and their revenue compound annual growth from FY22 to FY26 ranges from 7.6% to 31.0%.
Why do diagnostic, oilfield service and cable stocks have a strong future roadmap in India?
Ans. Diagnostic, oilfield service and cable stocks have a strong roadmap in India because wider access to preventive testing, growing gas production and processing needs and rising construction and wiring needs keep widening the market for these companies. The main drivers are as follows. Diagnostics. Regular health tests become common. Gas compression. Gas fields need compression and processing. Cables. New homes and grids need wiring. Together these factors give the companies on this list a visible path for growth over the coming years.
How has Metropolis Healthcare performed financially?
Ans. Revenue rose from Rs 1,246 crore in FY22 to Rs 1,671 crore in FY26, a compound annual growth rate of 7.6%. Net profit grew from Rs 143 crore in FY23 to Rs 191 crore in FY26, which works out to a compound annual growth rate of 10.1%. In the June 2026 quarter, revenue grew 15.7% year on year to Rs 455 crore, while net profit rose 25.7% to Rs 56.9 crore. The company has a return on equity of 12.6%, a debt to equity ratio of 0.15 and a market capitalisation of Rs 10,780 crore. The stock trades at a P/E of 53.1, below the industry P/E of 59.6. Looking ahead, the company is deepening its presence in existing regions while extending into new cities through collection points and partner labs. A larger share of specialised tests in oncology, genetics and wellness lifts revenue per patient and helps its mix.
How has Deep Industries performed financially?
Ans. Revenue rose from Rs 326 crore in FY22 to Rs 960 crore in FY26, a compound annual growth rate of 31.0%. Net profit grew from Rs 72.4 crore in FY22 to Rs 197 crore in FY26, which works out to a compound annual growth rate of 28.4%. In the June 2026 quarter, revenue grew 42.1% year on year to Rs 303 crore, while net profit rose 44.5% to Rs 89.1 crore. The company has a return on equity of 19.4%, a debt to equity ratio of 0.10 and a market capitalisation of Rs 4,618 crore. The stock trades at a P/E of 20.6, above the industry P/E of 7.2. Looking ahead, the company is adding gas compression contracts and building its own gas production as demand for natural gas grows. Long-term service contracts give it steady visibility.
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.
What risks should investors check before buying diagnostic, oilfield service and cable stocks?
Ans. Investors should check a few risks before buying diagnostic, oilfield service and cable stocks. Test volumes. Footfall and test mix can vary with seasons. Oil and gas prices. Earnings follow crude oil, gas and refining 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 diagnostic, oilfield service and cable stocks investment advice?
Ans. No. This article is educational and uses publicly available data as of the 9 November 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.