3 Fluorochemicals and Packaging Films Maker, Steel Wire Ropes Maker and Power Cables Maker Stocks With a Strong Future Roadmap: SRF, Usha Martin and KEI Industries
- November 13, 2026
- Posted by: Neeraj Pandey
- Category: Best Stocks
SRF, Usha Martin and KEI Industries: ROE of 13.8% to 14.9% and FY22 to FY26 revenue CAGR of 6.1% to 20.0%. Prices as of 12 Nov 2026.
Quick Answer
The three specialty chemical, wire rope and cable stocks to watch are SRF, Usha Martin and KEI Industries. Their return on equity ranges from 13.8% to 14.9%, and their revenue compound annual growth from FY22 to FY26 ranges from 6.1% to 20.0%. SRF has the highest return on equity at 14.9%, while KEI Industries has the fastest revenue growth at 20.0% a year. Prices are based on the 12 November 2026 close, and this article is educational, not investment advice.
Specialty chemical, wire rope and cable stocks give investors a way to track businesses that sit close to everyday demand in India. SRF, Usha Martin and KEI Industries cover a specialty chemicals and packaging films maker, a wire ropes maker and a power cables maker.
This list covers three specialty chemical, wire rope and cable stocks with complete current figures: SRF, Usha Martin and KEI Industries. Every figure comes from the latest reported financials and the 12 November 2026 market close. Companies without complete current figures were left out.
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What Are Specialty Chemical, Wire Rope and Cable Stocks?
Specialty chemical, wire rope and cable stocks are listed companies that make fluorochemicals, specialty chemicals and packaging films, make steel wire ropes and wires for mining, ports and construction, and make power and building cables. Their earnings depend on chemical demand, mining and infrastructure activity and cable orders.
Specialty Chemical, Wire Rope and Cable Stocks at a Glance
| Company | CMP (Rs) | Market Cap (Rs Cr) | P/E | Industry P/E | ROE (%) | D/E |
|---|---|---|---|---|---|---|
| SRF | 2,476.9 | 69,274 | 30.4 | 33.9 | 14.9 | 0.35 |
| Usha Martin | 488.8 | 14,230 | 28.1 | 22.4 | 14.1 | 0.07 |
| KEI Industries | 4,135.7 | 42,514 | 42.6 | 45.1 | 13.8 | 0.04 |
On valuation, SRF and KEI Industries trade at a P/E below the industry P/E, while Usha Martin trades above it, which reflects the growth the market already expects. Readers comparing specialty chemical, wire rope and cable stocks should look at return on equity and debt together, since a high return earned with low debt is easier to sustain.
Why Do Specialty Chemical, Wire Rope and Cable Stocks Have a Strong Roadmap in India?
Specialty chemical, wire rope and cable stocks have a strong roadmap in India because wider use of advanced chemicals, heavy spending on mining and ports and strong investment in the power grid keep widening the market for these companies.
- Specialty chemicals. Cooling and packaging need advanced inputs.
- Wire ropes. Mines and ports need strong ropes.
- Power cables. The grid needs more cabling.
Why SRF Features Among These Specialty Chemical, Wire Rope and Cable Stocks
Among the specialty chemical, wire rope and cable stocks on this list, SRF is a diversified chemicals and materials company with fluorospecialty chemicals, refrigerant gases, packaging films and technical textiles, with customers in India and overseas.
Revenue rose from Rs 12,549 crore in FY22 to Rs 15,894 crore in FY26, a compound annual growth rate of 6.1%. Net profit grew from Rs 1,336 crore in FY24 to Rs 1,835 crore in FY26, which works out to a compound annual growth rate of 17.2%.
The company has a return on equity of 14.9%, a debt to equity ratio of 0.35 and a market capitalisation of Rs 69,274 crore. The stock trades at a P/E of 30.4, below the industry P/E of 33.9.
Roadmap: The company is expanding in specialty chemicals and refrigerant gases while its packaging films and technical textiles businesses add scale. A mix of segments spreads earnings.
What to watch: Track specialty chemicals growth, refrigerant gas demand and capacity additions.
Why Usha Martin Features Among These Specialty Chemical, Wire Rope and Cable Stocks
Among the refrigerant gas, steel rope and power cable shares on this list, Usha Martin is a leading maker of wire ropes and other steel wire products used in mining, oil and gas, construction and infrastructure. It also runs an integrated steel operation that supports its wire business.
The company has a return on equity of 14.1%, a debt to equity ratio of 0.07 and a market capitalisation of Rs 14,230 crore. The stock trades at a P/E of 28.1, above the industry P/E of 22.4.
Revenue rose from Rs 2,723 crore in FY22 to Rs 3,760 crore in FY26, a compound annual growth rate of 8.4%. Net profit grew from Rs 291 crore in FY22 to Rs 491 crore in FY26, which works out to a compound annual growth rate of 13.9%. In the June 2026 quarter, revenue grew 15.4% year on year to Rs 1,042 crore, while net profit rose 40.9% to Rs 142 crore.
Roadmap: The company is growing its value-added wire rope and speciality product lines and exporting to many countries. Its own steel supply supports quality control and cost.
What to watch: Track wire rope volumes, export orders and demand from mining and infrastructure users.
Why KEI Industries Features Among These Specialty Chemical, Wire Rope and Cable Stocks
Among the three companies on this list, KEI Industries makes power cables, house wires, and extra high voltage cables, and also offers engineering, procurement and construction services for power projects.
Revenue rose from Rs 5,742 crore in FY22 to Rs 11,906 crore in FY26, a compound annual growth rate of 20.0%. Net profit grew from Rs 376 crore in FY22 to Rs 918 crore in FY26, which works out to a compound annual growth rate of 25.0%.
In the June 2026 quarter, revenue grew 21.9% year on year to Rs 3,205 crore, while net profit rose 40.0% to Rs 274 crore. The company has a return on equity of 13.8%, a debt to equity ratio of 0.04 and a market capitalisation of Rs 42,514 crore. The stock trades at a P/E of 42.6, below the industry P/E of 45.1.
Roadmap: The company benefits from the demand for cables in power transmission, housing and industrial projects, and is expanding capacity to meet it. Rising exports and the shift to branded wires add further growth drivers.
What to watch: Check the capacity additions and the share of the retail business in revenue.
SRF vs Usha Martin vs KEI Industries on Key Financials
The table below sets the three specialty chemical, wire rope 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 |
|---|---|---|---|---|---|
| SRF | 12,549 | 15,894 | 6.1% | 1,835 | 11.5% |
| Usha Martin | 2,723 | 3,760 | 8.4% | 491 | 13.1% |
| KEI Industries | 5,742 | 11,906 | 20.0% | 918 | 7.7% |
SRF posts the highest return on equity in this group at 14.9%. SRF has the largest FY26 revenue at Rs 15,894 crore, and KEI Industries shows the fastest revenue growth with a 20.0% compound annual rate. A useful habit with specialty chemical, wire rope and cable stocks is to check each new quarterly result against the capacity plans the company described earlier.
Key Risks to Check Before Investing in Specialty Chemical, Wire Rope and Cable Stocks
Every theme carries risks that deserve a check before any decision. For these specialty chemical, wire rope and cable stocks, the main points are: Long-term refrigerant gas, steel rope and power cable shares holders usually track revenue growth, margins and cash flow side by side rather than relying on a single ratio.
- Raw material and energy costs. Input prices can move margins in chemicals.
- Raw material costs. Ingredient and packaging prices can move margins.
- Order timing. Project awards can shift between periods.
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 specialty chemical, wire rope and cable stocks by market capitalisation, P/E, ROE and growth, and build your own shortlist.
Final Thoughts on Specialty Chemical, Wire Rope and Cable Stocks
Specialty chemical, wire rope and cable stocks work best when investors track growth, valuation and return on equity side by side. SRF, Usha Martin and KEI Industries each have a clear plan to grow. Based on the 12 November 2026 close, SRF trades at Rs 2,476.9, Usha Martin at Rs 488.8 and KEI Industries at Rs 4,135.7. Valuation matters as much as growth, so compare each company’s P/E with its industry P/E before adding any of these specialty chemical, wire rope 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 specialty chemical, wire rope and cable stocks?
Ans. Specialty chemical, wire rope and cable stocks are listed companies that make fluorochemicals, specialty chemicals and packaging films, make steel wire ropes and wires for mining, ports and construction, and make power and building cables. Their earnings depend on chemical demand, mining and infrastructure activity and cable orders. This list looks at three of them, SRF, Usha Martin and KEI Industries, using reported FY22 to FY26 financials and the 12 November 2026 closing prices.
Which specialty chemical, wire rope and cable stocks are covered in this list?
Ans. This list covers SRF, Usha Martin and KEI Industries. Based on the 12 November 2026 close, SRF traded at Rs 2,476.9, Usha Martin at Rs 488.8 and KEI Industries at Rs 4,135.7. Their return on equity ranges from 13.8% to 14.9%, and their revenue compound annual growth from FY22 to FY26 ranges from 6.1% to 20.0%.
Why do specialty chemical, wire rope and cable stocks have a strong future roadmap in India?
Ans. Specialty chemical, wire rope and cable stocks have a strong roadmap in India because wider use of advanced chemicals, heavy spending on mining and ports and strong investment in the power grid keep widening the market for these companies. The main drivers are as follows. Specialty chemicals. Cooling and packaging need advanced inputs. Wire ropes. Mines and ports need strong ropes. Power cables. The grid needs more cabling. Together these factors give the companies on this list a visible path for growth over the coming years.
How has SRF performed financially?
Ans. Revenue rose from Rs 12,549 crore in FY22 to Rs 15,894 crore in FY26, a compound annual growth rate of 6.1%. Net profit grew from Rs 1,336 crore in FY24 to Rs 1,835 crore in FY26, which works out to a compound annual growth rate of 17.2%. The company has a return on equity of 14.9%, a debt to equity ratio of 0.35 and a market capitalisation of Rs 69,274 crore. The stock trades at a P/E of 30.4, below the industry P/E of 33.9. Looking ahead, the company is expanding in specialty chemicals and refrigerant gases while its packaging films and technical textiles businesses add scale. A mix of segments spreads earnings.
How has Usha Martin performed financially?
Ans. Revenue rose from Rs 2,723 crore in FY22 to Rs 3,760 crore in FY26, a compound annual growth rate of 8.4%. Net profit grew from Rs 291 crore in FY22 to Rs 491 crore in FY26, which works out to a compound annual growth rate of 13.9%. In the June 2026 quarter, revenue grew 15.4% year on year to Rs 1,042 crore, while net profit rose 40.9% to Rs 142 crore. The company has a return on equity of 14.1%, a debt to equity ratio of 0.07 and a market capitalisation of Rs 14,230 crore. The stock trades at a P/E of 28.1, above the industry P/E of 22.4. Looking ahead, the company is growing its value-added wire rope and speciality product lines and exporting to many countries. Its own steel supply supports quality control and cost.
How has KEI Industries performed financially?
Ans. Revenue rose from Rs 5,742 crore in FY22 to Rs 11,906 crore in FY26, a compound annual growth rate of 20.0%. Net profit grew from Rs 376 crore in FY22 to Rs 918 crore in FY26, which works out to a compound annual growth rate of 25.0%. In the June 2026 quarter, revenue grew 21.9% year on year to Rs 3,205 crore, while net profit rose 40.0% to Rs 274 crore. The company has a return on equity of 13.8%, a debt to equity ratio of 0.04 and a market capitalisation of Rs 42,514 crore. The stock trades at a P/E of 42.6, below the industry P/E of 45.1. Looking ahead, the company benefits from the demand for cables in power transmission, housing and industrial projects, and is expanding capacity to meet it. Rising exports and the shift to branded wires add further growth drivers.
What risks should investors check before buying specialty chemical, wire rope and cable stocks?
Ans. Investors should check a few risks before buying specialty chemical, wire rope and cable stocks. Raw material and energy costs. Input prices can move margins in chemicals. Raw material costs. Ingredient and packaging prices can move margins. Order timing. Project awards can shift between periods. 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 specialty chemical, wire rope and cable stocks investment advice?
Ans. No. This article is educational and uses publicly available data as of the 12 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.
