{"id":334984,"date":"2026-11-02T14:55:07","date_gmt":"2026-11-02T09:25:07","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=334984"},"modified":"2026-11-02T14:55:07","modified_gmt":"2026-11-02T09:25:07","slug":"electrical-and-communication-cables-maker-grey-cement-maker-and-mid-income-housing-developer-stocks-roadmap-ridgeline-list","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/electrical-and-communication-cables-maker-grey-cement-maker-and-mid-income-housing-developer-stocks-roadmap-ridgeline-list\/","title":{"rendered":"3 Electrical and Communication Cables Maker, Grey Cement Maker and Mid Income Housing Developer Stocks With a Strong Future Roadmap: Finolex Cables, JK Lakshmi Cement and Ashiana Housing"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E84;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>Finolex Cables, JK Lakshmi Cement and Ashiana Housing: ROE of 10.6% to 13.6% and FY22 to FY26 revenue CAGR of 5.8% to 50.2%. Prices as of 30 Oct 2026.<\/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:#1F4E84;font-size:14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin:8px 0 0;\">The three cable, cement and mid income housing stocks to watch are Finolex Cables, JK Lakshmi Cement and Ashiana Housing. Their return on equity ranges from 10.6% to 13.6%, and their revenue compound annual growth from FY22 to FY26 ranges from 5.8% to 50.2%. Ashiana Housing leads on both return on equity at 13.6% and revenue growth at 50.2% a year. Prices are based on the 30 October 2026 close, and this article is educational, not investment advice.<\/p>\n<\/div>\n<p>Cable, cement and mid income housing stocks give investors a way to track businesses that sit close to everyday demand in India. Finolex Cables, JK Lakshmi Cement and Ashiana Housing cover an electrical and communication cables maker, a grey cement maker and a mid income housing developer.<\/p>\n<p>This list covers three cable, cement and mid income housing stocks with complete current figures: Finolex Cables, JK Lakshmi Cement and Ashiana Housing. Every figure comes from the latest reported financials and the 30 October 2026 market close. Companies without complete current figures were left out.<\/p>\n<p style=\"margin-top:24px;\"><strong><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&#038;utm_medium=electrical-and-communication-cables-maker-grey-cement-maker-and-mid-income-housing-developer-stocks-roadmap-ridgeline-list\">Click Here &#8211; Get Free Investment Predictions<\/a><\/strong><\/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\/electrical-and-communication-cables-maker-grey-cement-maker-and-mid-income-housing-developer-stocks-roadmap-ridgeline-list\/#What_Are_Cable_Cement_and_Mid_Income_Housing_Stocks\" title=\"What Are Cable, Cement and Mid Income Housing Stocks?\">What Are Cable, Cement and Mid Income Housing Stocks?<\/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\/electrical-and-communication-cables-maker-grey-cement-maker-and-mid-income-housing-developer-stocks-roadmap-ridgeline-list\/#Cable_Cement_and_Mid_Income_Housing_Stocks_at_a_Glance\" title=\"Cable, Cement and Mid Income Housing Stocks at a Glance\">Cable, Cement and Mid Income Housing Stocks at a Glance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/electrical-and-communication-cables-maker-grey-cement-maker-and-mid-income-housing-developer-stocks-roadmap-ridgeline-list\/#Why_Do_Cable_Cement_and_Mid_Income_Housing_Stocks_Have_a_Strong_Roadmap_in_India\" title=\"Why Do Cable, Cement and Mid Income Housing Stocks Have a Strong Roadmap in India?\">Why Do Cable, Cement and Mid Income Housing Stocks Have a Strong Roadmap in India?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/electrical-and-communication-cables-maker-grey-cement-maker-and-mid-income-housing-developer-stocks-roadmap-ridgeline-list\/#Why_Finolex_Cables_Features_Among_These_Cable_Cement_and_Mid_Income_Housing_Stocks\" title=\"Why Finolex Cables Features Among These Cable, Cement and Mid Income Housing Stocks\">Why Finolex Cables Features Among These Cable, Cement and Mid Income Housing Stocks<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/electrical-and-communication-cables-maker-grey-cement-maker-and-mid-income-housing-developer-stocks-roadmap-ridgeline-list\/#Why_JK_Lakshmi_Cement_Features_Among_These_Cable_Cement_and_Mid_Income_Housing_Stocks\" title=\"Why JK Lakshmi Cement Features Among These Cable, Cement and Mid Income Housing Stocks\">Why JK Lakshmi Cement Features Among These Cable, Cement and Mid Income Housing Stocks<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/electrical-and-communication-cables-maker-grey-cement-maker-and-mid-income-housing-developer-stocks-roadmap-ridgeline-list\/#Why_Ashiana_Housing_Features_Among_These_Cable_Cement_and_Mid_Income_Housing_Stocks\" title=\"Why Ashiana Housing Features Among These Cable, Cement and Mid Income Housing Stocks\">Why Ashiana Housing Features Among These Cable, Cement and Mid Income Housing Stocks<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/electrical-and-communication-cables-maker-grey-cement-maker-and-mid-income-housing-developer-stocks-roadmap-ridgeline-list\/#Finolex_Cables_vs_JK_Lakshmi_Cement_vs_Ashiana_Housing_on_Key_Financials\" title=\"Finolex Cables vs JK Lakshmi Cement vs Ashiana Housing on Key Financials\">Finolex Cables vs JK Lakshmi Cement vs Ashiana Housing on Key Financials<\/a><\/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\/electrical-and-communication-cables-maker-grey-cement-maker-and-mid-income-housing-developer-stocks-roadmap-ridgeline-list\/#Key_Risks_to_Check_Before_Investing_in_Cable_Cement_and_Mid_Income_Housing_Stocks\" title=\"Key Risks to Check Before Investing in Cable, Cement and Mid Income Housing Stocks\">Key Risks to Check Before Investing in Cable, Cement and Mid Income Housing Stocks<\/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\/electrical-and-communication-cables-maker-grey-cement-maker-and-mid-income-housing-developer-stocks-roadmap-ridgeline-list\/#Final_Thoughts_on_Cable_Cement_and_Mid_Income_Housing_Stocks\" title=\"Final Thoughts on Cable, Cement and Mid Income Housing Stocks\">Final Thoughts on Cable, Cement and Mid Income Housing Stocks<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/electrical-and-communication-cables-maker-grey-cement-maker-and-mid-income-housing-developer-stocks-roadmap-ridgeline-list\/#What_are_cable_cement_and_mid_income_housing_stocks\" title=\"What are cable, cement and mid income housing stocks?\">What are cable, cement and mid income housing stocks?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/electrical-and-communication-cables-maker-grey-cement-maker-and-mid-income-housing-developer-stocks-roadmap-ridgeline-list\/#Which_cable_cement_and_mid_income_housing_stocks_are_covered_in_this_list\" title=\"Which cable, cement and mid income housing stocks are covered in this list?\">Which cable, cement and mid income housing stocks are covered in this list?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/electrical-and-communication-cables-maker-grey-cement-maker-and-mid-income-housing-developer-stocks-roadmap-ridgeline-list\/#Why_do_cable_cement_and_mid_income_housing_stocks_have_a_strong_future_roadmap_in_India\" title=\"Why do cable, cement and mid income housing stocks have a strong future roadmap in India?\">Why do cable, cement and mid income housing stocks have a strong future roadmap in India?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/electrical-and-communication-cables-maker-grey-cement-maker-and-mid-income-housing-developer-stocks-roadmap-ridgeline-list\/#How_has_Finolex_Cables_performed_financially\" title=\"How has Finolex Cables performed financially?\">How has Finolex Cables performed financially?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/electrical-and-communication-cables-maker-grey-cement-maker-and-mid-income-housing-developer-stocks-roadmap-ridgeline-list\/#How_has_JK_Lakshmi_Cement_performed_financially\" title=\"How has JK Lakshmi Cement performed financially?\">How has JK Lakshmi Cement performed financially?<\/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\/electrical-and-communication-cables-maker-grey-cement-maker-and-mid-income-housing-developer-stocks-roadmap-ridgeline-list\/#How_has_Ashiana_Housing_performed_financially\" title=\"How has Ashiana Housing performed financially?\">How has Ashiana Housing performed financially?<\/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\/electrical-and-communication-cables-maker-grey-cement-maker-and-mid-income-housing-developer-stocks-roadmap-ridgeline-list\/#What_risks_should_investors_check_before_buying_cable_cement_and_mid_income_housing_stocks\" title=\"What risks should investors check before buying cable, cement and mid income housing stocks?\">What risks should investors check before buying cable, cement and mid income housing stocks?<\/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\/electrical-and-communication-cables-maker-grey-cement-maker-and-mid-income-housing-developer-stocks-roadmap-ridgeline-list\/#Is_this_list_of_cable_cement_and_mid_income_housing_stocks_investment_advice\" title=\"Is this list of cable, cement and mid income housing stocks investment advice?\">Is this list of cable, cement and mid income housing stocks investment advice?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"What_Are_Cable_Cement_and_Mid_Income_Housing_Stocks\"><\/span><strong>What Are Cable, Cement and Mid Income Housing Stocks?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Cable, cement and mid income housing stocks are listed companies that make electrical wires and communication cables, produce grey cement and ready mix concrete in northern and western India, and develop mid income residential and senior living projects. Their earnings depend on housing activity, construction demand and input costs.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Cable_Cement_and_Mid_Income_Housing_Stocks_at_a_Glance\"><\/span><strong>Cable, Cement and Mid Income Housing Stocks at a Glance<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<div style=\"overflow-x:auto;\">\n<table style=\"border-collapse:collapse;width:100%;\">\n<thead>\n<tr>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Company<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">CMP (Rs)<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Market Cap (Rs Cr)<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">P\/E<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Industry P\/E<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">ROE (%)<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">D\/E<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\"><a href=\"https:\/\/univest.in\/stocks\/fincables\/finolex-cables-ltd-share-price-today\">Finolex Cables<\/a><\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">1,140<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">19,615<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">24.5<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">45.1<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">11.7<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.00<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\"><a href=\"https:\/\/univest.in\/stocks\/jklakshmi\/jk-lakshmi-cement-ltd-share-price-today\">JK Lakshmi Cement<\/a><\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">453.85<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">6,094<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">16.4<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">29.1<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">10.6<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.67<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\"><a href=\"https:\/\/univest.in\/stocks\/ashiana\/ashiana-housing-ltd-share-price-today\">Ashiana Housing<\/a><\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">336.95<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">3,586<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">30.3<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">30.7<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">13.6<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.35<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p>On valuation, all three trade at a P\/E below their industry P\/E, which means the market is pricing them at a lower multiple than their peer group. Readers comparing cable, cement and mid income housing stocks should look at return on equity and debt together, since a high return earned with low debt is easier to sustain.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Why_Do_Cable_Cement_and_Mid_Income_Housing_Stocks_Have_a_Strong_Roadmap_in_India\"><\/span><strong>Why Do Cable, Cement and Mid Income Housing Stocks Have a Strong Roadmap in India?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Cable, cement and mid income housing stocks have a strong roadmap in India because rising housing demand, growing construction work and steady infrastructure plans keep widening the market for these building linked companies.<\/p>\n<ul>\n<li><strong>Housing demand.<\/strong> New homes need cables and cement.<\/li>\n<li><strong>Construction work.<\/strong> Roads and buildings use more cement.<\/li>\n<li><strong>Senior living.<\/strong> A niche segment sees steady interest.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Why_Finolex_Cables_Features_Among_These_Cable_Cement_and_Mid_Income_Housing_Stocks\"><\/span><strong>Why Finolex Cables Features Among These Cable, Cement and Mid Income Housing Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Among the cable, cement and mid income housing stocks 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.<\/p>\n<p>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%.<\/p>\n<p>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.<\/p>\n<p><strong>Roadmap:<\/strong> 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.<\/p>\n<p><strong>What to watch:<\/strong> Track growth in the electrical consumer products business and copper price trends.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Why_JK_Lakshmi_Cement_Features_Among_These_Cable_Cement_and_Mid_Income_Housing_Stocks\"><\/span><strong>Why JK Lakshmi Cement Features Among These Cable, Cement and Mid Income Housing Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Among the home building shares on this list, JK Lakshmi Cement makes grey cement and ready-mix concrete for customers in northern and western India, selling mainly through a strong dealer network under the JK Lakshmi brand.<\/p>\n<p>The company has a return on equity of 10.6%, a debt to equity ratio of 0.67 and a market capitalisation of Rs 6,094 crore. The stock trades at a P\/E of 16.4, below the industry P\/E of 29.1.<\/p>\n<p>Revenue rose from Rs 5,488 crore in FY22 to Rs 6,875 crore in FY26, a compound annual growth rate of 5.8%. Net profit grew from Rs 276 crore in FY25 to Rs 413 crore in FY26, a rise of 49.5%. In the June 2026 quarter, revenue grew 8.9% year on year to Rs 1,920 crore.<\/p>\n<p><strong>Roadmap:<\/strong> The company is adding cement and clinker capacity in the markets it serves and extending its reach through dealers. Housing and infrastructure projects in its home markets support volume growth.<\/p>\n<p><strong>What to watch:<\/strong> Check capacity expansion progress and volume growth in core regions.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Why_Ashiana_Housing_Features_Among_These_Cable_Cement_and_Mid_Income_Housing_Stocks\"><\/span><strong>Why Ashiana Housing Features Among These Cable, Cement and Mid Income Housing Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Among the three companies on this list, Ashiana Housing develops mid-income residential projects and senior living communities in cities such as the Delhi region, Jaipur and Chennai. It is known for its focus on construction quality and timely delivery.<\/p>\n<p>Revenue rose from Rs 234 crore in FY22 to Rs 1,187 crore in FY26, a compound annual growth rate of 50.2%. Net profit grew from Rs 27.9 crore in FY23 to Rs 118 crore in FY26, which works out to a compound annual growth rate of 61.7%.<\/p>\n<p>The company has a return on equity of 13.6%, a debt to equity ratio of 0.35 and a market capitalisation of Rs 3,586 crore. The stock trades at a P\/E of 30.3, below the industry P\/E of 30.7.<\/p>\n<p><strong>Roadmap:<\/strong> The company is launching new phases in established markets and growing its senior living portfolio. A reputation for delivery supports sales in its projects.<\/p>\n<p><strong>What to watch:<\/strong> Track sales bookings, project launches and deliveries.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Finolex_Cables_vs_JK_Lakshmi_Cement_vs_Ashiana_Housing_on_Key_Financials\"><\/span><strong>Finolex Cables vs JK Lakshmi Cement vs Ashiana Housing on Key Financials<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The table below sets the three cable, cement and mid income housing stocks side by side on revenue, profit and margin, using reported figures.<\/p>\n<div style=\"overflow-x:auto;\">\n<table style=\"border-collapse:collapse;width:100%;\">\n<thead>\n<tr>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Company<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">FY22 Revenue (Rs Cr)<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">FY26 Revenue (Rs Cr)<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Revenue CAGR (FY22-FY26)<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">FY26 Net Profit (Rs Cr)<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">FY26 Net Margin<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">Finolex Cables<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">3,840<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">6,487<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">14.0%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">714<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">11.0%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">JK Lakshmi Cement<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">5,488<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">6,875<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">5.8%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">413<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">6.0%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">Ashiana Housing<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">234<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">1,187<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">50.2%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">118<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">9.9%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p>Ashiana Housing posts the highest return on equity in this group at 13.6%. JK Lakshmi Cement has the largest FY26 revenue at Rs 6,875 crore, and Ashiana Housing shows the fastest revenue growth with a 50.2% compound annual rate. A useful habit with cable, cement and mid income housing stocks is to check each new quarterly result against the capacity plans the company described earlier.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Key_Risks_to_Check_Before_Investing_in_Cable_Cement_and_Mid_Income_Housing_Stocks\"><\/span><strong>Key Risks to Check Before Investing in Cable, Cement and Mid Income Housing Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Every theme carries risks that deserve a check before any decision. For these cable, cement and mid income housing stocks, the main points are: Long-term home building shares holders usually track revenue growth, margins and cash flow side by side rather than relying on a single ratio.<\/p>\n<ul>\n<li><strong>Housing cycles.<\/strong> Real estate and building demand can vary with rates and sentiment.<\/li>\n<li><strong>Capex cycles.<\/strong> Customer spending on plants and projects can vary.<\/li>\n<li><strong>Valuation levels.<\/strong> Some of these companies trade at high earnings multiples, so growth must continue to justify them.<\/li>\n<\/ul>\n<p>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.<\/p>\n<p style=\"margin-top:24px;\"><strong><a href=\"https:\/\/univest.in\/screeners\">Use the Univest Stock Screener<\/a><\/strong> to filter cable, cement and mid income housing stocks by market capitalisation, P\/E, ROE and growth, and build your own shortlist.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Final_Thoughts_on_Cable_Cement_and_Mid_Income_Housing_Stocks\"><\/span><strong>Final Thoughts on Cable, Cement and Mid Income Housing Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Cable, cement and mid income housing stocks work best when investors track growth, valuation and return on equity side by side. Finolex Cables, JK Lakshmi Cement and Ashiana Housing each have a clear plan to grow. Based on the 30 October 2026 close, Finolex Cables trades at Rs 1,140, JK Lakshmi Cement at Rs 453.85 and Ashiana Housing at Rs 336.95.<\/p>\n<p style=\"margin-top:24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&#038;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to track cable, cement and mid income housing stocks, set price alerts and get research-backed stock ideas.<\/em><\/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<h3><span class=\"ez-toc-section\" id=\"What_are_cable_cement_and_mid_income_housing_stocks\"><\/span><strong>What are cable, cement and mid income housing stocks?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Cable, cement and mid income housing stocks are listed companies that make electrical wires and communication cables, produce grey cement and ready mix concrete in northern and western India, and develop mid income residential and senior living projects. Their earnings depend on housing activity, construction demand and input costs. This list looks at three of them, Finolex Cables, JK Lakshmi Cement and Ashiana Housing, using reported FY22 to FY26 financials and the 30 October 2026 closing prices.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Which_cable_cement_and_mid_income_housing_stocks_are_covered_in_this_list\"><\/span><strong>Which cable, cement and mid income housing stocks are covered in this list?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> This list covers Finolex Cables, JK Lakshmi Cement and Ashiana Housing. Based on the 30 October 2026 close, Finolex Cables traded at Rs 1,140, JK Lakshmi Cement at Rs 453.85 and Ashiana Housing at Rs 336.95. Their return on equity ranges from 10.6% to 13.6%, and their revenue compound annual growth from FY22 to FY26 ranges from 5.8% to 50.2%.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Why_do_cable_cement_and_mid_income_housing_stocks_have_a_strong_future_roadmap_in_India\"><\/span><strong>Why do cable, cement and mid income housing stocks have a strong future roadmap in India?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Cable, cement and mid income housing stocks have a strong roadmap in India because rising housing demand, growing construction work and steady infrastructure plans keep widening the market for these building linked companies. The main drivers are as follows. Housing demand. New homes need cables and cement. Construction work. Roads and buildings use more cement. Senior living. A niche segment sees steady interest. Together these factors give the companies on this list a visible path for growth over the coming years.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_has_Finolex_Cables_performed_financially\"><\/span><strong>How has Finolex Cables performed financially?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> 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.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_has_JK_Lakshmi_Cement_performed_financially\"><\/span><strong>How has JK Lakshmi Cement performed financially?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Revenue rose from Rs 5,488 crore in FY22 to Rs 6,875 crore in FY26, a compound annual growth rate of 5.8%. Net profit grew from Rs 276 crore in FY25 to Rs 413 crore in FY26, a rise of 49.5%. In the June 2026 quarter, revenue grew 8.9% year on year to Rs 1,920 crore. The company has a return on equity of 10.6%, a debt to equity ratio of 0.67 and a market capitalisation of Rs 6,094 crore. The stock trades at a P\/E of 16.4, below the industry P\/E of 29.1. Looking ahead, the company is adding cement and clinker capacity in the markets it serves and extending its reach through dealers. Housing and infrastructure projects in its home markets support volume growth.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_has_Ashiana_Housing_performed_financially\"><\/span><strong>How has Ashiana Housing performed financially?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Revenue rose from Rs 234 crore in FY22 to Rs 1,187 crore in FY26, a compound annual growth rate of 50.2%. Net profit grew from Rs 27.9 crore in FY23 to Rs 118 crore in FY26, which works out to a compound annual growth rate of 61.7%. The company has a return on equity of 13.6%, a debt to equity ratio of 0.35 and a market capitalisation of Rs 3,586 crore. The stock trades at a P\/E of 30.3, below the industry P\/E of 30.7. Looking ahead, the company is launching new phases in established markets and growing its senior living portfolio. A reputation for delivery supports sales in its projects.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_risks_should_investors_check_before_buying_cable_cement_and_mid_income_housing_stocks\"><\/span><strong>What risks should investors check before buying cable, cement and mid income housing stocks?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Investors should check a few risks before buying cable, cement and mid income housing 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.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_this_list_of_cable_cement_and_mid_income_housing_stocks_investment_advice\"><\/span><strong>Is this list of cable, cement and mid income housing stocks investment advice?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> No. This article is educational and uses publicly available data as of the 30 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.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"What are cable, cement and mid income housing stocks?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Cable, cement and mid income housing stocks are listed companies that make electrical wires and communication cables, produce grey cement and ready mix concrete in northern and western India, and develop mid income residential and senior living projects. Their earnings depend on housing activity, construction demand and input costs. This list looks at three of them, Finolex Cables, JK Lakshmi Cement and Ashiana Housing, using reported FY22 to FY26 financials and the 30 October 2026 closing prices.\"}},{\"@type\":\"Question\",\"name\":\"Which cable, cement and mid income housing stocks are covered in this list?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"This list covers Finolex Cables, JK Lakshmi Cement and Ashiana Housing. Based on the 30 October 2026 close, Finolex Cables traded at Rs 1,140, JK Lakshmi Cement at Rs 453.85 and Ashiana Housing at Rs 336.95. Their return on equity ranges from 10.6% to 13.6%, and their revenue compound annual growth from FY22 to FY26 ranges from 5.8% to 50.2%.\"}},{\"@type\":\"Question\",\"name\":\"Why do cable, cement and mid income housing stocks have a strong future roadmap in India?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Cable, cement and mid income housing stocks have a strong roadmap in India because rising housing demand, growing construction work and steady infrastructure plans keep widening the market for these building linked companies. The main drivers are as follows. Housing demand. New homes need cables and cement. Construction work. Roads and buildings use more cement. Senior living. A niche segment sees steady interest. Together these factors give the companies on this list a visible path for growth over the coming years.\"}},{\"@type\":\"Question\",\"name\":\"How has Finolex Cables performed financially?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"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.\"}},{\"@type\":\"Question\",\"name\":\"How has JK Lakshmi Cement performed financially?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Revenue rose from Rs 5,488 crore in FY22 to Rs 6,875 crore in FY26, a compound annual growth rate of 5.8%. Net profit grew from Rs 276 crore in FY25 to Rs 413 crore in FY26, a rise of 49.5%. In the June 2026 quarter, revenue grew 8.9% year on year to Rs 1,920 crore. The company has a return on equity of 10.6%, a debt to equity ratio of 0.67 and a market capitalisation of Rs 6,094 crore. The stock trades at a P\/E of 16.4, below the industry P\/E of 29.1. Looking ahead, the company is adding cement and clinker capacity in the markets it serves and extending its reach through dealers. 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A reputation for delivery supports sales in its projects.\"}},{\"@type\":\"Question\",\"name\":\"What risks should investors check before buying cable, cement and mid income housing stocks?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Investors should check a few risks before buying cable, cement and mid income housing 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. 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Compare price, valuation, return on equity and revenue growth as of 30 October 2026.<\/p>\n","protected":false},"author":28,"featured_media":334983,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[845],"tags":[9375,3803,19233,11371,19232,7034,19142,9964],"class_list":["post-334984","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-best-stocks","tag-ashiana-housing","tag-best-stocks","tag-building-and-housing-stocks","tag-cable","tag-cement-and-mid-income-housing-stocks","tag-finolex-cables","tag-home-building-shares","tag-jk-lakshmi-cement"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["334983"],"rank_math_title":["Cable Maker, Cement Maker and Housing Developer Stocks"],"rank_math_description":["Compare 3 cable, cement and mid income housing stocks with a strong future roadmap on CMP, market cap, P\/E, ROE and revenue growth. 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