Is Finolex Cables the Best Stock in Its Sector? A Look at the Numbers

Finolex Cables CMP Rs 1,422 (13 Oct 2026). Market cap Rs 22,001 Cr. ROE 11.73%. P/E 27.50x versus Industry P/E 50.22x.

Is Finolex Cables the best stock in its sector? The stock trades on the NSE at Rs 1,422 as of 13 October 2026, within its 52-week range of Rs 700.80 to Rs 1,499.00. Finolex Cables Ltd, headquartered in Pune, makes electrical cables and wires, communication cables and related products for housing, industrial and telecom customers.

Finolex Cables sits in the Electricals sector, and its 11.73% ROE and 27.50x P/E give a starting point for judging where it stands against comparable listed names. The rest of this article compares those numbers against verified peers and the sector’s Industry P/E benchmark.

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About Finolex Cables

Finolex Cables Ltd, headquartered in Pune, makes electrical cables and wires, communication cables and related products for housing, industrial and telecom customers. Electrical cables and wires are its largest segment, supported by communication cables and other products. The stock trades about 5 percent below its 52-week high and about 2.0 times its 52-week low. At a market capitalisation of Rs 22,001 Cr, it is tracked as part of the Electricals sector on Univest.

Is Finolex Cables the Best Stock in Its Sector?

Finolex Cables makes its case as the best stock in its sector primarily on valuation relative to its Industry P/E, combining an 11.73% ROE with a 27.50x P/E against the sector’s 50.22x Industry P/E. Finolex Cables’ 27.50x P/E is far below the 50.22x Industry P/E and well below both Polycab India and KEI Industries, though its 11.73% ROE is lower than both.

Metric	Finolex Cables
CMP (NSE)	Rs 1,421.90
52-Week High / Low	Rs 1,499.00 / Rs 700.80
Market Cap	Rs 22,001 Cr
P/E (TTM) vs Industry P/E	27.50x vs 50.22x
P/B	3.62
ROE	11.73%
EPS (TTM)	Rs 52.32
Dividend Yield	0.63%
Debt to Equity	0.00

Compare Finolex Cables Against Other Electricals Sector Stocks

How Finolex Cables Compares Against Its Electricals Sector Peers

The table below sets Finolex Cables against 2 other Electricals sector names, using the same live data source for every company. A peer average row is included for P/E, ROE and debt to equity, calculated across the 2 peer companies.

Company	Market Cap (Rs Cr)	P/E	ROE	Debt to Equity
Finolex Cables	22,001	27.50	11.73%	0.00
Polycab India	1,26,796	43.64	22.25%	0.02
KEI Industries	44,461	44.60	13.78%	0.04
Peer average (2 companies)	–	44.12	18.02%	0.03

Against this peer set, Finolex Cables’s 11.73% ROE is below the 18.02% peer average, and its P/E of 27.50x runs below the peer average of 44.12x. Finolex Cables’ 27.50x P/E is far below the 50.22x Industry P/E and well below both Polycab India and KEI Industries, though its 11.73% ROE is lower than both.

What Makes Finolex Cables Worth Watching in Electricals

• Deep discount: A 27.50x P/E against a 50.22x Industry P/E sits well below the sector benchmark.
• Debt free: A debt to equity ratio of 0.00 compares with 0.02 for Polycab India and 0.04 for KEI Industries.
• Lower returns: An 11.73% ROE trails Polycab India at 22.25% and KEI Industries at 13.78%.

Finolex Cables Valuation: Is It Justified?

Finolex Cables’ 27.50x P/E is far below the 50.22x Industry P/E and well below both Polycab India and KEI Industries, though its 11.73% ROE is lower than both. As with any single stock, investors should weigh this against their own valuation discipline and risk appetite rather than the sector label alone.

Also read – Is Sun Pharma the Best Stock in Its Sector? A Look at the Numbers

Download the Univest iOS App or Univest Android App to track Finolex Cables and other Electricals sector stocks.

How to Track Finolex Cables Before You Invest

Before deciding whether Finolex Cables deserves its label as the best stock in its sector for your own portfolio, compare it directly against Electricals sector peers using the steps below.

1. Open the Univest Screener and search for Finolex Cables to view live price, valuation ratios, and peer comparisons within the Electricals sector.
2. Compare its P/E, P/B, and ROE against other Electricals sector stocks before deciding if the current valuation fits your strategy.
3. Set a price alert around key support and resistance zones using the Univest app so you are notified of meaningful moves.
4. Open a broking account on Univest if you decide to add the stock, and size the position based on your own risk appetite and portfolio allocation.

Conclusion

Finolex Cables earns a place in the best stock in its sector conversation on the strength of an 11.73% ROE and a P/E of 27.50x against a 50.22x Industry P/E, with named peer comparisons in this article backing up that picture. As with any individual stock decision, this analysis is educational and investors should do their own research or consult a SEBI-registered advisor before investing.

Is Finolex Cables the best stock in its sector?

Ans. Finolex Cables has an 11.73% ROE and trades at 27.50x P/E against a 50.22x Industry P/E, and compares below the peer average ROE of 18.02% in this article’s named comparison, so the answer depends on what an investor is prioritising.

What is the current share price of Finolex Cables?

Ans. Finolex Cables was trading at Rs 1,421.90 on the NSE as of 13 October 2026, within its 52-week range of Rs 700.80 to Rs 1,499.00.

What sector does Finolex Cables belong to?

Ans. Finolex Cables is classified under the Electricals sector on Univest.

How does Finolex Cables compare to its sector peers on P/E?

Ans. Finolex Cables’s P/E of 27.50x is below the 44.12x average of the 2 named peers compared in this article.

What is Finolex Cables’s return on equity?

Ans. Finolex Cables reported a return on equity of 11.73%, which is below the 18.02% average of its named peers in this comparison.

Should I invest in Finolex Cables based on its sector position?

Ans. Finolex Cables’s sector position and metrics make it worth researching further, but any investment decision should factor in your own risk appetite, its valuation relative to peers, and independent research or advice from a SEBI-registered advisor.

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