{"id":213022,"date":"2026-08-20T11:06:28","date_gmt":"2026-08-20T05:36:28","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=213022"},"modified":"2026-08-20T11:06:29","modified_gmt":"2026-08-20T05:36:29","slug":"under-the-radar-cable-stocks-india","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/under-the-radar-cable-stocks-india\/","title":{"rendered":"5 Under the Radar Cable Stocks in India"},"content":{"rendered":"<div class=\"meta-block\" style=\"background: #F8F9FA; border: 1px solid #DEE2E6; border-radius: 4px; padding: 10px 14px; margin-bottom: 16px; font-size: 12px; color: #6c757d;\"><\/div>\n<p style=\"border-left: 4px solid #1F4E79; background: #EBF3FB; padding: 10px 16px; font-style: italic;\"><em>5 under-the-radar cable stocks: MCap Rs 2,078-72,044 Cr. 3 trade below sector PE 39.78. Best ROE: 19.12% (RR Kabel). Lowest D\/E: 0.13 (RR Kabel). <\/em><\/p>\n<div style=\"background: #F0F9FF; border-left: 4px solid #2E7D32; border-radius: 6px; padding: 14px 18px; margin: 18px 0;\">\n<p style=\"margin: 0; color: #1f4e79; font-size: 14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin: 8px 0 0;\">The 5 cable stocks flying under the radar in India are Apar Industries, RR Kabel, Paramount Communications, Universal Cables, and Sterlite Technologies. These companies make conductors and transformer oils, wiring cables, telecom cables, power cables, and fibre optic cables respectively. Market caps range from Rs 2,078 crore to Rs 72,044 crore, and the sector is a direct beneficiary of India&#8217;s massive power transmission and broadband infrastructure rollout. For investors looking past Polycab and Havells, these five are worth researching.<\/p>\n<\/div>\n<p>Under the radar cable stocks benefit from one of India&#8217;s most visible infrastructure themes: the build-out of power transmission networks, the 5G rollout, and the rural broadband expansion. Polycab and Havells dominate the wiring harness and consumer cable narrative, but the industrial cable ecosystem is far broader and includes several companies with strong fundamentals that most investors have never considered.<\/p>\n<p>India&#8217;s power sector alone requires hundreds of billions of rupees in new transmission cable capacity over this decade. The five under the radar cable stocks below each serve a distinct part of this demand, from high-voltage conductors to fibre optic backbone, with data .<\/p>\n<p style=\"margin-top: 24px;\"><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&amp;utm_medium=under-the-radar\"><strong>Click Here &#8211; Get Free Investment Predictions<\/strong><\/a><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/under-the-radar-cable-stocks-india\/#What_Are_Cable_Stocks_in_India\" title=\"What Are Cable Stocks in India?\">What Are Cable Stocks in India?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/under-the-radar-cable-stocks-india\/#5_Cable_Stocks_Flying_Under_the_Radar_in_India\" title=\"5 Cable Stocks Flying Under the Radar in India\">5 Cable Stocks Flying Under the Radar in India<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/under-the-radar-cable-stocks-india\/#1_Apar_Industries_APARINDS_One_of_the_Top_cable_stocks_to_Watch\" title=\"1. Apar Industries (APARINDS): One of the Top cable stocks to Watch\">1. Apar Industries (APARINDS): One of the Top cable stocks to Watch<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/under-the-radar-cable-stocks-india\/#2_RR_Kabel_RRKABEL_One_of_the_Top_cable_stocks_to_Watch\" title=\"2. RR Kabel (RRKABEL): One of the Top cable stocks to Watch\">2. RR Kabel (RRKABEL): One of the Top cable stocks to Watch<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/under-the-radar-cable-stocks-india\/#3_Paramount_Communications_PARACABLES_One_of_the_Top_cable_stocks_to_Watch\" title=\"3. Paramount Communications (PARACABLES): One of the Top cable stocks to Watch\">3. Paramount Communications (PARACABLES): One of the Top cable stocks to Watch<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/under-the-radar-cable-stocks-india\/#4_Universal_Cables_UNIVCABLES_One_of_the_Top_cable_stocks_to_Watch\" title=\"4. Universal Cables (UNIVCABLES): One of the Top cable stocks to Watch\">4. Universal Cables (UNIVCABLES): One of the Top cable stocks to Watch<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/under-the-radar-cable-stocks-india\/#5_Sterlite_Technologies_STRTECH_One_of_the_Top_cable_stocks_to_Watch\" title=\"5. Sterlite Technologies (STRTECH): One of the Top cable stocks to Watch\">5. Sterlite Technologies (STRTECH): One of the Top cable stocks to Watch<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/under-the-radar-cable-stocks-india\/#Why_Do_These_Cable_Stocks_Stay_Under_the_Radar\" title=\"Why Do These Cable Stocks Stay Under the Radar?\">Why Do These Cable Stocks Stay Under the Radar?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/under-the-radar-cable-stocks-india\/#Key_Factors_to_Evaluate_These_Cable_Stocks\" title=\"Key Factors to Evaluate These Cable Stocks\">Key Factors to Evaluate These Cable Stocks<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/under-the-radar-cable-stocks-india\/#Risks_in_Under_the_Radar_Cable_Stocks\" title=\"Risks in Under the Radar Cable Stocks\">Risks in Under the Radar Cable Stocks<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/under-the-radar-cable-stocks-india\/#How_to_Invest_in_Overlooked_Cable_Stocks_in_India\" title=\"How to Invest in Overlooked Cable Stocks in India\">How to Invest in Overlooked Cable Stocks in India<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/under-the-radar-cable-stocks-india\/#Conclusion_Top_Cable_Stocks_Under_the_Radar_in_India\" title=\"Conclusion: Top Cable Stocks Under the Radar in India\">Conclusion: Top Cable Stocks Under the Radar in India<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/under-the-radar-cable-stocks-india\/#FAQs_on_Under_the_Radar_Cables_Stocks_in_India\" title=\"FAQs on Under the Radar Cables Stocks in India\">FAQs on Under the Radar Cables Stocks in India<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/under-the-radar-cable-stocks-india\/#Which_cable_stocks_are_under_the_radar_in_India_in_2026\" title=\"Which cable stocks are under the radar in India in 2026?\">Which cable stocks are under the radar in India in 2026?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/under-the-radar-cable-stocks-india\/#Is_Apar_Industries_a_good_industrial_cable_stock\" title=\"Is Apar Industries a good industrial cable stock?\">Is Apar Industries a good industrial cable stock?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/under-the-radar-cable-stocks-india\/#Why_is_Sterlite_Technologies_PE_so_high\" title=\"Why is Sterlite Technologies&#8217; PE so high?\">Why is Sterlite Technologies&#8217; PE so high?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/under-the-radar-cable-stocks-india\/#What_is_the_sector_PE_for_cable_stocks_in_India\" title=\"What is the sector PE for cable stocks in India?\">What is the sector PE for cable stocks in India?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/univest.in\/blogs-2\/under-the-radar-cable-stocks-india\/#What_makes_RR_Kabel_different_from_Polycab\" title=\"What makes RR Kabel different from Polycab?\">What makes RR Kabel different from Polycab?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/univest.in\/blogs-2\/under-the-radar-cable-stocks-india\/#What_are_the_risks_in_under_the_radar_cable_stocks\" title=\"What are the risks in under the radar cable stocks?\">What are the risks in under the radar cable stocks?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-20\" href=\"https:\/\/univest.in\/blogs-2\/under-the-radar-cable-stocks-india\/#How_do_I_find_hidden_cable_companies_in_India\" title=\"How do I find hidden cable companies in India?\">How do I find hidden cable companies in India?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-21\" href=\"https:\/\/univest.in\/blogs-2\/under-the-radar-cable-stocks-india\/#Is_Universal_Cables_a_good_cable_stock_to_watch\" title=\"Is Universal Cables a good cable stock to watch?\">Is Universal Cables a good cable stock to watch?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"What_Are_Cable_Stocks_in_India\"><\/span><strong>What Are Cable Stocks in India?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Under the radar cable stocks are smallcap and midcap companies in India manufacturing industrial power cables, conductors, specialty wires, telecom cables, or fibre optic infrastructure that receive limited mainstream coverage compared to the sector&#8217;s consumer wire brands. These cable stocks are the focus of this article.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"5_Cable_Stocks_Flying_Under_the_Radar_in_India\"><\/span><strong>5 Cable Stocks Flying Under the Radar in India<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The table below lists 5 cable stocks . Data from NSE filings. Sector average PE: 39.78x. Verify on <a href=\"https:\/\/www.nseindia.com\" target=\"_blank\" rel=\"nofollow noopener\">nseindia.com<\/a> before investing in any of these cable stocks.<\/p>\n<table>\n<thead>\n<tr>\n<th>Company<\/th>\n<th>NSE Symbol<\/th>\n<th>MCap<\/th>\n<th>PE<\/th>\n<th>ROE<\/th>\n<th>D\/E<\/th>\n<th>EPS (TTM)<\/th>\n<th>Div Yield<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Apar Industries<\/td>\n<td>NSE: APARINDS<\/td>\n<td>Rs 72,044 Cr<\/td>\n<td>60.98x<\/td>\n<td>18.11%<\/td>\n<td>0.18<\/td>\n<td>Rs 282.17<\/td>\n<td>0.33%<\/td>\n<\/tr>\n<tr>\n<td>RR Kabel<\/td>\n<td>NSE: RRKABEL<\/td>\n<td>Rs 31,520 Cr<\/td>\n<td>51.88x<\/td>\n<td>19.12%<\/td>\n<td>0.13<\/td>\n<td>Rs 53.72<\/td>\n<td>0.34%<\/td>\n<\/tr>\n<tr>\n<td>Paramount Communications<\/td>\n<td>NSE: PARACABLES<\/td>\n<td>Rs 2,078 Cr<\/td>\n<td>34.14x<\/td>\n<td>7.68%<\/td>\n<td>0.16<\/td>\n<td>Rs 1.86<\/td>\n<td>0.0%<\/td>\n<\/tr>\n<tr>\n<td>Universal Cables<\/td>\n<td>NSE: UNIVCABLES<\/td>\n<td>Rs 6,059 Cr<\/td>\n<td>30.29x<\/td>\n<td>8.71%<\/td>\n<td>0.62<\/td>\n<td>Rs 57.65<\/td>\n<td>0.26%<\/td>\n<\/tr>\n<tr>\n<td>Sterlite Technologies<\/td>\n<td>NSE: STRTECH<\/td>\n<td>Rs 33,150 Cr<\/td>\n<td>136.37x<\/td>\n<td>2.1%<\/td>\n<td>0.86<\/td>\n<td>Rs 4.73<\/td>\n<td>0.0%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3><span class=\"ez-toc-section\" id=\"1_Apar_Industries_APARINDS_One_of_the_Top_cable_stocks_to_Watch\"><\/span><strong>1. Apar Industries (APARINDS): One of the Top cable stocks to Watch<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Apar Industries is a Vadodara-based company making high-tension conductors, specialty transformer oils, and power cables for India&#8217;s electricity grid. It is one of the world&#8217;s largest conductor manufacturers and exports to over 90 countries. CMP is approximately Rs 17,204 with a market cap of Rs 72,044 crore.<\/p>\n<p>Apar is the largest market cap on this list of under the radar cable stocks and arguably the most structurally positioned for India&#8217;s power grid expansion. ROE is 18.11%, D\/E is 0.18, and PE is 60.98, above the sector average of 39.78. EPS (TTM) is Rs 282.17. Its conductor business serves the backbone of India&#8217;s grid upgrades, and export revenue provides currency diversification and volume stability beyond domestic order cycles. As tracked on <a href=\"https:\/\/univest.in\/indices\/nifty-india-infrastructure\/nifty-india-infrastructure-share-price-today\" target=\"_blank\" rel=\"nofollow noopener\">Nifty India Infrastructure<\/a>, the Cables sector PE stands at 39.78x.<\/p>\n<p>At PE 60.98, Apar carries a meaningful valuation premium. The conductor business is commodity-like in some segments, where aluminium prices directly affect realisation per tonne. Any correction in global aluminium prices or slowdown in Indian grid upgrade spending can compress earnings.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"2_RR_Kabel_RRKABEL_One_of_the_Top_cable_stocks_to_Watch\"><\/span><strong>2. RR Kabel (RRKABEL): One of the Top cable stocks to Watch<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>RR Kabel is a recently listed company (IPO in 2023) from the Radiant Cable Group making wiring cables, flexible cables, and industrial cables for residential, commercial, and infrastructure applications. It is directly competing in Polycab&#8217;s core market with a growing distribution network. CMP is approximately Rs 2,787 with a market cap of Rs 31,520 crore.<\/p>\n<p>RR Kabel has the best ROE on this list at 19.12% and the lowest D\/E at 0.13, making it the most financially attractive of these hidden cable stocks on a combined quality basis. PE is 51.88, near the sector average. EPS (TTM) is Rs 53.72. As a newly listed company, institutional coverage is still catching up to its actual business quality and market position. The Cables sector PE stands at 39.78x.<\/p>\n<p>RR Kabel faces intense competition from Polycab, Havells, Finolex, and KEI in its core wiring segment. Building brand recognition and expanding dealer distribution takes years and sustained advertising spend. The wiring cable market is increasingly competitive, which limits pricing power.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"3_Paramount_Communications_PARACABLES_One_of_the_Top_cable_stocks_to_Watch\"><\/span><strong>3. Paramount Communications (PARACABLES): One of the Top cable stocks to Watch<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Paramount Communications is a Delhi-based telecom cable and power cable manufacturer supplying optical fibre cables, quad cables, and power cables for telecom and utilities. It has been a direct beneficiary of India&#8217;s BharatNet rural broadband rollout and telecom infrastructure expansion. CMP is approximately Rs 63 with a market cap of Rs 2,078 crore.<\/p>\n<p>Paramount is the most clearly under the radar of these cable stocks at a Rs 2,078 crore market cap. PE is 34.14, just below the sector average of 39.78. ROE is 7.68% and D\/E is 0.16. EPS (TTM) is Rs 1.86. The telecom cable segment is growing rapidly as India deploys fibre deeper into its rural network, creating a sustained multi-year order pipeline for manufacturers like Paramount. The Cables sector PE stands at 39.78x.<\/p>\n<p>The ROE at 7.68% is the main weakness, suggesting capital employed in the business is not being used as efficiently as peers. Telecom cable is a tender-driven business with lumpy revenue recognition, making quarterly earnings volatile even when the annual trend is positive.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"4_Universal_Cables_UNIVCABLES_One_of_the_Top_cable_stocks_to_Watch\"><\/span><strong>4. Universal Cables (UNIVCABLES): One of the Top cable stocks to Watch<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Universal Cables is a Satna, Madhya Pradesh-based specialty power cable company supplying high-voltage cables, extra-high voltage cables, and elastomeric cables for power utilities, industrial plants, and railways. It is part of the Birla Group and has decades of manufacturing heritage in this segment. CMP is approximately Rs 1,747 with a market cap of Rs 6,059 crore.<\/p>\n<p>Universal Cables trades at PE 30.29, below the sector average of 39.78, making it one of the more attractively valued of these under the radar cable stocks. ROE is 8.71% and D\/E is 0.62. EPS (TTM) is Rs 57.65. The specialty power cable segment serves utilities and large industrial customers whose order books are tied to multi-year infrastructure expansion programmes, providing reasonable revenue visibility. The Cables sector PE stands at 39.78x.<\/p>\n<p>The D\/E of 0.62 is the balance sheet risk to monitor. Specialty cable manufacturing requires substantial capital for tooling, testing, and certifications. Any cost overrun on a large contract or delay in receivables from utility customers can pressure working capital. The ROE of 8.71% also suggests the business earns below its cost of capital if that cost is above 10%.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"5_Sterlite_Technologies_STRTECH_One_of_the_Top_cable_stocks_to_Watch\"><\/span><strong>5. Sterlite Technologies (STRTECH): One of the Top cable stocks to Watch<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Sterlite Technologies is India&#8217;s largest fibre optic cable manufacturer and one of the world&#8217;s leading optical connectivity solution providers. It makes optical fibre, fibre optic cables, and integrated connectivity solutions for telecom operators globally. CMP is approximately Rs 645 with a market cap of Rs 33,150 crore. The company is in a transition phase following significant debt accumulation and margin pressure.<\/p>\n<p>Sterlite Technologies is a watchlist stock among these under the radar cable names rather than a straightforward buy. PE is 136.37 and ROE is 2.10% due to compressed earnings from the fibre optic market pricing environment. D\/E is 0.86, the highest on this list. However, Sterlite is the world-class infrastructure asset in the Indian fibre optic space, and a recovery in global fibre cable pricing could meaningfully re-rate the stock. The Cables sector PE stands at 39.78x.<\/p>\n<p>Sterlite&#8217;s D\/E of 0.86 and very low ROE are the key risks. The company needs both a fibre pricing recovery and successful debt reduction to deliver meaningful earnings improvement. Until those two things happen simultaneously, the elevated PE is a consequence of depressed earnings rather than premium business quality.<\/p>\n<p style=\"margin-top: 24px;\"><a href=\"https:\/\/univest.in\/screeners\"><strong>Use the Univest Screener to filter cable stocks by PE, ROE, D\/E, and dividend yield \u2014 find more cable stocks on your own.<\/strong><\/a><\/p>\n<p style=\"margin-top: 24px;\"><em>Download the <a href=\"https:\/\/apps.apple.com\/in\/app\/univest-stocks-mutual-funds\/id1498504364\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"https:\/\/play.google.com\/store\/apps\/details?id=com.univest.app\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to get live NSE data and track cable stocks across every sector..<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Why_Do_These_Cable_Stocks_Stay_Under_the_Radar\"><\/span><strong>Why Do These Cable Stocks Stay Under the Radar?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Cable companies stay under the institutional radar because the sector is perceived as commodity-like, where differentiation is hard to identify and copper or aluminium prices drive short-term earnings more than business quality. Polycab and Havells get institutional attention because of their consumer brand stories. Industrial cable and conductor companies serving utilities and telecom operators lack that consumer-facing narrative.<\/p>\n<p>The diversity of sub-segments (power cables, conductors, telecom cables, fibre optic) also means no single sector definition captures all five stocks cleanly, which makes them fall through the cracks of sector-specific investment mandates. Historically, the best returns in the cable sector have come from niche operators whose addressable markets expanded rapidly due to policy-driven infrastructure spending.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Key_Factors_to_Evaluate_These_Cable_Stocks\"><\/span><strong>Key Factors to Evaluate These Cable Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Before investing in any of these cable stocks, review these five parameters:<\/p>\n<ul>\n<li><strong>Order book and infrastructure theme alignment:<\/strong> All five under the radar cable stocks here are direct beneficiaries of India&#8217;s power grid upgrade and telecom broadband rollout. Companies with long-duration utility orders carry better earnings visibility than those dependent on spot market prices.<\/li>\n<li><strong>Debt management:<\/strong> Cable manufacturing requires working capital and capex. Sterlite at D\/E 0.86 is the most leveraged here and the most financially fragile. Apar at 0.18 and RR Kabel at 0.13 are the most conservative.<\/li>\n<li><strong>ROE above 15%:<\/strong> A good cable company should earn ROE above 15% consistently, given the capital intensity. Only RR Kabel (19.12%) and Apar Industries (18.11%) clear this bar. The others are at various stages of improving their return profiles.<\/li>\n<li><strong>PE vs sector PE:<\/strong> The sector PE is 39.78. Three stocks trade below: Universal Cables (30.29), Paramount (34.14), and Apar (60.98 is above). RR Kabel (51.88) and Sterlite (136.37 due to depressed earnings) are at premium valuations.<\/li>\n<li><strong>Export exposure:<\/strong> Apar Industries exports to 90+ countries and RR Kabel is expanding its international presence. Export revenue reduces dependence on domestic capex cycles and provides natural rupee hedging.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Risks_in_Under_the_Radar_Cable_Stocks\"><\/span><strong>Risks in Under the Radar Cable Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Every investment in cable stocks carries risk. The four primary risks are:<\/p>\n<ul>\n<li><strong>Commodity price risk:<\/strong> Copper and aluminium are the primary input costs for most cable companies. A sharp rise in commodity prices that cannot be passed through to customers compresses margins quickly.<\/li>\n<li><strong>Working capital cycles:<\/strong> Utility and telecom customers take 90-180 days to pay large orders, creating long working capital cycles. High D\/E companies like Sterlite are most exposed to working capital financing risk.<\/li>\n<li><strong>Tendering competition:<\/strong> Government-linked cable orders are won through competitive tendering, where price is the primary selection criterion. Margin pressure is endemic in the government-utility segment.<\/li>\n<li><strong>Fibre optic pricing:<\/strong> Global oversupply of fibre optic cable has kept Sterlite&#8217;s realisations under pressure. A recovery in fibre prices is necessary for the stock&#8217;s earnings story to improve meaningfully.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"How_to_Invest_in_Overlooked_Cable_Stocks_in_India\"><\/span><strong>How to Invest in Overlooked Cable Stocks in India<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Monitor India&#8217;s power transmission capex announcements from Power Grid Corporation and state DISCOMs. Every new transmission corridor project creates multi-year conductor and cable demand, directly benefiting Apar Industries and Universal Cables among these under the radar cable stocks.<\/p>\n<p>Track the BharatNet programme rollout pace. Quarterly government press releases on BharatNet optical fibre connectivity milestones provide forward visibility on Paramount Communications&#8217; order pipeline in the telecom cable segment.<\/p>\n<p>Watch Sterlite Technologies&#8217; debt reduction announcements. The key trigger for a re-rating of Sterlite among these hidden cable stocks is a material reduction in its D\/E ratio combined with an uptick in global fibre optic pricing. Both need to occur together.<\/p>\n<p>Verify all data on NSE (nseindia.com) or BSE (bseindia.com) before investing. Working capital-heavy businesses like cable companies can show misleading trailing PE multiples due to revenue timing differences. Always check the cash flow statement alongside the income statement.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion_Top_Cable_Stocks_Under_the_Radar_in_India\"><\/span><strong>Conclusion: Top Cable Stocks Under the Radar in India<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>India&#8217;s cable sector is directly tied to the country&#8217;s most visible and well-funded infrastructure themes: power grid modernisation and broadband expansion. Apar Industries, RR Kabel, Paramount Communications, Universal Cables, and Sterlite Technologies are five companies positioned across different segments of this structural demand, without the consumer brand premiums of Polycab or Havells. These under the radar cable stocks are shared for research and educational purposes only. Please consult a SEBI-registered advisor before investing.<\/p>\n<p>The five cable stocks discussed in this article are Apar Industries, RR Kabel, Paramount Communications, Universal Cables, Sterlite Technologies. Each of these cable stocks carries unique risks and opportunities. Always verify current data on NSE (nseindia.com) or BSE (bseindia.com) before making any investment decision in these or any other cable stocks.<\/p>\n<div style=\"background: #CC0000; border-radius: 8px; padding: 16px 20px; margin: 24px 0;\">\n<p style=\"color: #ffffff; font-size: 13px; line-height: 1.7; margin: 0;\"><strong style=\"color: #ffffff;\">Disclaimer:<\/strong> 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).<\/p>\n<\/div>\n<div class=\"faq-schema\">\n<h2><span class=\"ez-toc-section\" id=\"FAQs_on_Under_the_Radar_Cables_Stocks_in_India\"><\/span><strong>FAQs on Under the Radar Cables Stocks in India<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Which_cable_stocks_are_under_the_radar_in_India_in_2026\"><\/span>Which cable stocks are under the radar in India in 2026?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The five under the radar cable stocks in India are Apar Industries (APARINDS), RR Kabel (RRKABEL), Paramount Communications (PARACABLES), Universal Cables (UNIVCABLES), and Sterlite Technologies (STRTECH). Market caps range from Rs 2,078 crore to Rs 72,044 crore.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_Apar_Industries_a_good_industrial_cable_stock\"><\/span>Is Apar Industries a good industrial cable stock?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Apar Industries has an ROE of 18.11%, D\/E of 0.18, and PE of 60.98 . Market cap is Rs 72,044 crore and EPS (TTM) is Rs 282.17. It is the world&#8217;s largest conductor manufacturer and exports to 90+ countries. The PE above the sector average of 39.78 reflects its infrastructure premium. Whether it suits your portfolio depends on your conviction in India&#8217;s power grid expansion.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Why_is_Sterlite_Technologies_PE_so_high\"><\/span>Why is Sterlite Technologies&#8217; PE so high?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Sterlite Technologies&#8217; PE of 136.37 is high because its earnings are currently very low due to margin pressure in the global fibre optic cable market and debt costs from D\/E of 0.86. The PE reflects depressed earnings rather than premium business quality. A recovery in fibre optic pricing and debt reduction are the two triggers that could normalise the PE.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_sector_PE_for_cable_stocks_in_India\"><\/span>What is the sector PE for cable stocks in India?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The sector PE for cable stocks in India is approximately 39.78 . Among the five under the radar cable stocks in this article, Universal Cables (30.29) and Paramount Communications (34.14) trade below that level. RR Kabel (51.88) and Apar Industries (60.98) carry moderate premiums.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_makes_RR_Kabel_different_from_Polycab\"><\/span>What makes RR Kabel different from Polycab?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> RR Kabel is a recently listed (2023 IPO) wiring cable company competing directly with Polycab in the residential and commercial wiring segment. Its ROE of 19.12% and D\/E of 0.13 make it financially comparable to Polycab. The key difference is Polycab&#8217;s larger distribution network and brand recall built over decades. RR Kabel is the challenger brand with lower institutional ownership and lower valuation.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_are_the_risks_in_under_the_radar_cable_stocks\"><\/span>What are the risks in under the radar cable stocks?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The four main risks are copper and aluminium commodity price volatility, long working capital cycles from government and utility customers, competitive tendering that compresses margins, and sector-specific risks like global fibre optic oversupply for Sterlite Technologies. Companies with high D\/E ratios like Sterlite are most exposed to working capital financing risk.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_do_I_find_hidden_cable_companies_in_India\"><\/span>How do I find hidden cable companies in India?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> To find under the radar cable stocks in India, start with a screener that filters by the cables or electrical sector, PE below the sector average (currently 39.78), D\/E below 0.5, and ROE above 12%. Track government announcements on power grid capex and BharatNet for forward demand visibility. NSE (nseindia.com) and BSE (bseindia.com) provide quarterly filing data.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_Universal_Cables_a_good_cable_stock_to_watch\"><\/span>Is Universal Cables a good cable stock to watch?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Universal Cables has a PE of 30.29, below the sector average of 39.78, . Market cap is Rs 6,059 crore and EPS (TTM) is Rs 57.65. D\/E is 0.62 and ROE is 8.71%. The company makes specialty high-voltage cables for utilities and railways. The below-sector PE is attractive but the ROE needs to improve for the valuation discount to represent genuine opportunity rather than deserved risk pricing.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Beyond Polycab and Havells, these 5 under the radar cable stocks in India cover conductors, fibre optic, telecom, and specialty power cable segments with data as of August 2026.<\/p>\n","protected":false},"author":36,"featured_media":213021,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3841],"tags":[3802],"class_list":["post-213022","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mutual-funds","tag-news"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["213021"],"_edit_lock":["1787204193:36"],"_last_editor_used_jetpack":["block-editor"],"rank_math_primary_category":["3841"],"rank_math_seo_score":["79"],"rank_math_title":["Under the Radar Cable Stocks India 2026: 5 Hidden Picks Beyond Polycab"],"rank_math_description":["Beyond Polycab and Havells, these 5 under the radar cable stocks in India cover power transmission, telecom fibre, and specialty cable segments ."],"rank_math_focus_keyword":["under the radar cable 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