3 Plastic Piping Systems Maker, Power Cables and EPC Company and North East Cement Maker Stocks With a Strong Future Roadmap: Astral, KEI Industries and Star Cement
- October 30, 2026
- Posted by: Harsh Piplani
- Category: Best Stocks
Astral, KEI Industries and Star Cement: ROE of 12.3% to 13.8% and FY22 to FY26 revenue CAGR of 10.6% to 20.0%. Prices as of 29 Oct 2026.
Quick Answer
The three plastic pipe, cable and North East cement stocks to watch are Astral, KEI Industries and Star Cement. Their return on equity ranges from 12.3% to 13.8%, and their revenue compound annual growth from FY22 to FY26 ranges from 10.6% to 20.0%. KEI Industries leads on both return on equity at 13.8% and revenue growth at 20.0% a year. Prices are based on the 29 October 2026 close, and this article is educational, not investment advice.
Plastic pipe, cable and North East cement stocks bring together companies with a visible plan for the years ahead. Astral, KEI Industries and Star Cement cover a plastic piping systems maker, a power cables and EPC company and a North East cement maker.
This list covers three plastic pipe, cable and North East cement stocks with complete current figures: Astral, KEI Industries and Star Cement. 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 Plastic Pipe, Cable and North East Cement Stocks?
Plastic pipe, cable and North East cement stocks are listed companies that make CPVC and PVC pipes, adhesives and bathware, produce house wires and extra high voltage cables with project services and make cement for the North East region. Their earnings depend on construction activity, grid spending and input costs.
Plastic Pipe, Cable and North East Cement Stocks at a Glance
| Company | CMP (Rs) | Market Cap (Rs Cr) | P/E | Industry P/E | ROE (%) | D/E |
|---|---|---|---|---|---|---|
| Astral | 1,365.4 | 38,267 | 66.5 | 36.4 | 13.2 | 0.06 |
| KEI Industries | 3,830.8 | 42,514 | 42.6 | 45.1 | 13.8 | 0.04 |
| Star Cement | 163.01 | 6,481 | 17.7 | 29.6 | 12.3 | 0.19 |
On valuation, KEI Industries and Star Cement trade at a P/E below the industry P/E, while Astral trades above it, which reflects the growth the market already expects. Readers comparing plastic pipe, cable and North East cement 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 plastic pipe, cable and North East cement stocks can use the coming numbers to test whether growth is holding.
Why Do Plastic Pipe, Cable and North East Cement Stocks Have a Strong Roadmap in India?
Plastic pipe, cable and North East cement stocks have a strong roadmap in India because rising housing and road activity, grid upgrades and growing use of plastic pipes keep widening the market for these building linked companies.
- Housing demand. New homes need pipes and wiring.
- Grid upgrades. Lines and projects need cables.
- Regional build out. North East projects lift cement use.
Why Astral Features Among These Plastic Pipe, Cable and North East Cement Stocks
Among the plastic pipe, cable and North East cement stocks on this list, Astral is a leading maker of plastic piping systems and building products, with CPVC and PVC pipes, adhesives, sealants and bathware sold through a wide distribution network.
In the June 2026 quarter, revenue grew 16.1% year on year to Rs 1,591 crore, while net profit rose 51.8% to Rs 120 crore. Revenue rose from Rs 4,429 crore in FY22 to Rs 6,616 crore in FY26, a compound annual growth rate of 10.6%.
Net profit grew from Rs 460 crore in FY23 to Rs 535 crore in FY26, which works out to a compound annual growth rate of 5.2%. The company has a return on equity of 13.2%, a debt to equity ratio of 0.06 and a market capitalisation of Rs 38,267 crore. The stock trades at a P/E of 66.5, above the industry P/E of 36.4.
Roadmap: The company has widened from plumbing pipes to adhesives, paints and bathware, which lifts revenue per customer. Capacity additions and an extensive dealer network position it well for housing and infrastructure demand.
What to watch: Watch PVC resin price trends and growth in the adhesives and paints businesses.
Why KEI Industries Features Among These Plastic Pipe, Cable and North East Cement Stocks
Among the plumbing and build out shares 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.
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.
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.
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.
Why Star Cement Features Among These Plastic Pipe, Cable and North East Cement Stocks
Among the three companies on this list, Star Cement is a leading cement maker in India’s North East, producing cement at plants in Meghalaya and Assam and selling across the region and in eastern India.
Revenue rose from Rs 2,255 crore in FY22 to Rs 3,796 crore in FY26, a compound annual growth rate of 13.9%. Net profit grew from Rs 247 crore in FY22 to Rs 390 crore in FY26, which works out to a compound annual growth rate of 12.2%.
In the June 2026 quarter, revenue grew 4.1% year on year to Rs 951 crore. The company has a return on equity of 12.3%, a debt to equity ratio of 0.19 and a market capitalisation of Rs 6,481 crore. The stock trades at a P/E of 17.7, below the industry P/E of 29.6.
Roadmap: The company is expanding capacity and widening its reach in eastern India, while infrastructure and housing spending in the North East supports demand. Its strong regional position helps pricing.
What to watch: Follow regional cement prices, capacity expansion and fuel and freight costs.
Astral vs KEI Industries vs Star Cement on Key Financials
The table below sets the three plastic pipe, cable and North East cement 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 |
|---|---|---|---|---|---|
| Astral | 4,429 | 6,616 | 10.6% | 535 | 8.1% |
| KEI Industries | 5,742 | 11,906 | 20.0% | 918 | 7.7% |
| Star Cement | 2,255 | 3,796 | 13.9% | 390 | 10.3% |
KEI Industries posts the highest return on equity in this group at 13.8%. KEI Industries combines the largest FY26 revenue at Rs 11,906 crore with the fastest revenue growth, a 20.0% compound annual rate. A useful habit with plastic pipe, cable and North East cement stocks is to check each new quarterly result against the capacity plans the company described earlier. Many investors spread money across several building material stocks instead of one name, which keeps a single result from deciding the outcome.
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 |
|---|---|---|---|
| Astral | 1,370 | 1,591 | 16.1% |
| KEI Industries | 2,630 | 3,205 | 21.9% |
| Star Cement | 914 | 951 | 4.1% |
Key Risks to Check Before Investing in Plastic Pipe, Cable and North East Cement Stocks
Every theme carries risks that deserve a check before any decision. For these plastic pipe, cable and North East cement stocks, the main points are: Long-term plumbing and build out 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.
- Capex cycles. Customer spending on plants and projects can vary.
- 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 plastic pipe, cable and North East cement stocks by market capitalisation, P/E, ROE and growth, and build your own shortlist.
Final Thoughts on Plastic Pipe, Cable and North East Cement Stocks
Plastic pipe, cable and North East cement stocks suit investors who prefer to study business strength before price moves. Astral, KEI Industries and Star Cement each have a clear plan to grow. Based on the 29 October 2026 close, Astral trades at Rs 1,365.4, KEI Industries at Rs 3,830.8 and Star Cement at Rs 163.01. Valuation matters as much as growth, so compare each company’s P/E with its industry P/E before adding any of these plastic pipe, cable and North East cement 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 plastic pipe, cable and North East cement stocks?
Ans. Plastic pipe, cable and North East cement stocks are listed companies that make CPVC and PVC pipes, adhesives and bathware, produce house wires and extra high voltage cables with project services and make cement for the North East region. Their earnings depend on construction activity, grid spending and input costs. This list looks at three of them, Astral, KEI Industries and Star Cement, using reported FY22 to FY26 financials and the 29 October 2026 closing prices.
Which plastic pipe, cable and North East cement stocks are covered in this list?
Ans. This list covers Astral, KEI Industries and Star Cement. Based on the 29 October 2026 close, Astral traded at Rs 1,365.4, KEI Industries at Rs 3,830.8 and Star Cement at Rs 163.01. Their return on equity ranges from 12.3% to 13.8%, and their revenue compound annual growth from FY22 to FY26 ranges from 10.6% to 20.0%.
Why do plastic pipe, cable and North East cement stocks have a strong future roadmap in India?
Ans. Plastic pipe, cable and North East cement stocks have a strong roadmap in India because rising housing and road activity, grid upgrades and growing use of plastic pipes keep widening the market for these building linked companies. The main drivers are as follows. Housing demand. New homes need pipes and wiring. Grid upgrades. Lines and projects need cables. Regional build out. North East projects lift cement use. Together these factors give the companies on this list a visible path for growth over the coming years.
How has Astral performed financially?
Ans. Revenue rose from Rs 4,429 crore in FY22 to Rs 6,616 crore in FY26, a compound annual growth rate of 10.6%. Net profit grew from Rs 460 crore in FY23 to Rs 535 crore in FY26, which works out to a compound annual growth rate of 5.2%. In the June 2026 quarter, revenue grew 16.1% year on year to Rs 1,591 crore, while net profit rose 51.8% to Rs 120 crore. The company has a return on equity of 13.2%, a debt to equity ratio of 0.06 and a market capitalisation of Rs 38,267 crore. The stock trades at a P/E of 66.5, above the industry P/E of 36.4. Looking ahead, the company has widened from plumbing pipes to adhesives, paints and bathware, which lifts revenue per customer. Capacity additions and an extensive dealer network position it well for housing and infrastructure demand.
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.
How has Star Cement performed financially?
Ans. Revenue rose from Rs 2,255 crore in FY22 to Rs 3,796 crore in FY26, a compound annual growth rate of 13.9%. Net profit grew from Rs 247 crore in FY22 to Rs 390 crore in FY26, which works out to a compound annual growth rate of 12.2%. In the June 2026 quarter, revenue grew 4.1% year on year to Rs 951 crore. The company has a return on equity of 12.3%, a debt to equity ratio of 0.19 and a market capitalisation of Rs 6,481 crore. The stock trades at a P/E of 17.7, below the industry P/E of 29.6. Looking ahead, the company is expanding capacity and widening its reach in eastern India, while infrastructure and housing spending in the North East supports demand. Its strong regional position helps pricing.
What risks should investors check before buying plastic pipe, cable and North East cement stocks?
Ans. Investors should check a few risks before buying plastic pipe, cable and North East cement stocks. Housing cycles. Real estate and building demand can vary with rates and sentiment. Capex cycles. Customer spending on plants and projects can vary. 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 plastic pipe, cable and North East cement 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.
