Cable Stocks to Buy in November 2026: 5 Names on the Watchlist

The cable stocks to buy in November 2026 start with five listed names: Polycab India, KEI Industries, RR Kabel, Apar Industries and Finolex Cables. Cable and wire makers benefit from power, real estate, railways and renewable energy spending, since every project needs reliable electrical cabling.

This article ranks none of them as a sure thing. It lays out the numbers each company has reported, how the shares are priced today and what an investor should check before adding any of these cable stocks to buy to a portfolio. All prices are NSE quotes from 29 October 2026, and financials come from company filings.

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Which Are the Best Cable Stocks to Buy in November 2026?

The best cable stocks to buy in November 2026 for a watchlist are Polycab India, KEI Industries, RR Kabel, Apar Industries and Finolex Cables. They were picked because each has complete reported financials, profit in the latest quarter and an NSE listing. The table puts their market data side by side.

Company	CMP (Rs)	Market Cap	P/E	ROE	Dividend Yield
Polycab India	7,814	Rs 1,15,758 crore	36.15	24.10%	0.61%
KEI Industries	3,862	Rs 36,843 crore	34.90	14.66%	0.12%
RR Kabel	2,136	Rs 24,951 crore	41.06	19.12%	0.43%
Apar Industries	15,187	Rs 64,515 crore	54.60	18.11%	0.37%
Finolex Cables	1,176	Rs 17,571 crore	21.96	11.73%	0.78%

On valuation, KEI Industries and Finolex Cables trade below the industry P/E; Polycab India and RR Kabel sit close to it; Apar Industries carries a premium. Valuation is the first filter for any cable stocks to buy list, and it is covered again in the risk section.

Why These Cable Stocks to Buy Are in Focus

Grid expansion, housing demand, data centres and renewable energy projects are lifting demand for wires and cables. The list covers India's largest wires and cables maker, power cable specialists, a conductor and speciality cable company and a household wiring brand. People searching for the best cable stocks in India often focus on order books, market share and how much of the business is in higher-margin products.

Polycab India: The Wires and Cables Leader Among Cable Stocks to Buy

Polycab India is India's largest wires and cables maker, which also sells fans, lighting and switchgear. The stock trades at Rs 7,814 with a market capitalisation of Rs 1,15,758 crore and a P/E of 36.15, against an industry P/E of 39.42.

FY26 revenue rose 28.8% to Rs 29,120 crore and net profit rose 32.4% to Rs 2,708 crore. In the September 2026 quarter, revenue grew 53.1% year on year to Rs 9,987 crore, while net profit grew 42.9% to Rs 990 crore.

Return on equity is 24.10%, debt-to-equity is 0.02, and the dividend yield is 0.61%. Promoters hold 61.44%, foreign institutions 18.06% and domestic institutions 7.73% as of September 2026. Foreign institutional holding has risen from 13.97% to 18.06% over the last year.

KEI Industries: The Power Cable Specialist Among Cable Stocks to Buy

KEI Industries is a maker of power cables, including extra-high-voltage cables, along with stainless steel wire. At Rs 3,862, the stock has a market capitalisation of Rs 36,843 crore and trades at 34.90 times earnings, while the industry P/E is 39.42.

Reported numbers show FY26 revenue of Rs 11,906 crore, up 21.4% year on year, with net profit at Rs 918 crore, up 31.9%. The September 2026 quarter added revenue of Rs 3,801 crore (up 37.3%) and net profit of Rs 262 crore (up 29.0%).

Return on equity is 14.66%, debt-to-equity is 0.05, and the dividend yield is 0.12%. Promoters hold 35.00%, foreign institutions 26.14% and domestic institutions 26.26% as of September 2026.

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RR Kabel: A Cables Name With Consumer Reach Among Cable Stocks to Buy

RR Kabel is a wires and cables maker that also sells fans, lighting and other consumer electricals. Its market capitalisation is Rs 24,951 crore, the share price is Rs 2,136 and the P/E of 41.06 compares with an industry P/E of 39.42.

Over FY26, net profit rose 58.0% to Rs 492 crore on revenue of Rs 9,779 crore, which was up 27.5%. The latest quarter, the September 2026 quarter, brought revenue of Rs 3,303 crore, up 51.5% year on year, and net profit of Rs 181 crore, up 55.3%.

Return on equity is 19.12%, debt-to-equity is 0.13, and the dividend yield is 0.43%. Promoters hold 59.32%, foreign institutions 12.51% and domestic institutions 10.25% as of September 2026. Foreign institutional holding has risen from 8.18% to 12.51% over the last year.

Apar Industries: The Conductor and Specialty Cable Name Among Cable Stocks to Buy

Apar Industries is a maker of conductors, power transmission cables and speciality oils. The stock trades at Rs 15,187 with a market capitalisation of Rs 64,515 crore and a P/E of 54.60, against an industry P/E of 41.42.

FY26 revenue rose 22.9% to Rs 22,967 crore and net profit rose 18.9% to Rs 977 crore. In the June 2026 quarter, revenue grew 29.2% year on year to Rs 6,625 crore, while net profit grew 77.8% to Rs 467 crore.

Return on equity is 18.11%, debt-to-equity is 0.18, and the dividend yield is 0.37%. Promoters hold 55.42%, foreign institutions 12.55% and domestic institutions 23.82% as of September 2026. Foreign institutional holding has risen from 9.35% to 12.55% over the last year.

Finolex Cables: The Household Wiring Brand Among Cable Stocks to Buy

Finolex Cables is a maker of electrical and communication cables, strong in household wiring. At Rs 1,176, the stock has a market capitalisation of Rs 17,571 crore and trades at 21.96 times earnings, while the industry P/E is 39.42.

Reported numbers show FY26 revenue of Rs 6,487 crore, up 17.6% year on year, with net profit at Rs 714 crore, up 1.8%. The June 2026 quarter added revenue of Rs 2,065 crore (up 42.4%) and net profit of Rs 249 crore (up 53.1%).

Return on equity is 11.73%, debt-to-equity is 0.00, and the dividend yield is 0.78%. Promoters hold 35.86%, foreign institutions 9.63% and domestic institutions 16.93% as of September 2026. Domestic institutional holding has risen from 15.88% to 16.93% over the last year.

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Growth Snapshot: Latest Full Year and Latest Quarter

The table compares year-on-year growth in revenue and net profit for all five cable stocks, using filed results.

Company	Full-Year Revenue Growth	Full-Year Profit Growth	Latest Quarter	Quarter Revenue Growth	Quarter Profit Growth
Polycab India	28.8%	32.4%	Sep 2026	53.1%	42.9%
KEI Industries	21.4%	31.9%	Sep 2026	37.3%	29.0%
RR Kabel	27.5%	58.0%	Sep 2026	51.5%	55.3%
Apar Industries	22.9%	18.9%	Jun 2026	29.2%	77.8%
Finolex Cables	17.6%	1.8%	Jun 2026	42.4%	53.1%

Factors That Move Cable Stocks to Buy

Four factors tend to drive cable stocks, and each one is worth checking before a purchase.

• Power and infrastructure spending: Transmission, railways and renewable projects drive demand for cables.
• Real estate and housing: Construction activity supports wires for homes and offices.
• Copper and aluminium prices: Metal costs move selling prices and margins.
• Exports: Overseas orders add growth for companies with export capacity.

Risks to Keep in Mind Before Buying Cable Stocks

The first risk is metal price volatility, because copper and aluminium swings can distort revenue and margins in a quarter. The second is competition, since a large unorganised market and new entrants can pressure pricing. Valuations are also elevated at several names, so any slowdown in orders can have a visible effect on the share price.

On the numbers, Apar Industries trades at the highest P/E on this list at 54.60, so its earnings need to keep growing to support the price. Cable stocks to buy can still fall when markets turn weak, and a staggered entry has historically suited investors better than a lump-sum purchase.

How to Choose Cable Stocks to Buy

• Check order book: A healthy order book gives revenue visibility.
• Look at margins: Rising margins show a shift to higher-value products.
• Study ROE: Returns above 15% show strong capital use.
• Compare valuations: Measure P/E against growth to avoid overpaying.

How to Invest in Cable Stocks

1. Shortlist two or three companies from this list that match your risk appetite.
2. Open the Univest Screener and compare P/E, ROE and debt for each stock.
3. Check the latest quarterly results and shareholding pattern on NSE or BSE.
4. Decide an amount you can hold for three to five years and split it into two or three purchases.
5. Review the holding after every quarterly result instead of reacting to daily price moves.

Conclusion

Finolex Cables offers the lowest P/E on this list at 21.96, Polycab India has the highest return on equity at 24.10%, and RR Kabel posted the fastest net profit growth in its latest full year at 58.0%. Among the best cable stocks in India, these five give investors a spread of size, valuation and growth, so the right pick depends on risk appetite and holding period. Spread the entry, keep position sizes sensible and consult a SEBI-registered advisor before investing in any of these cable stocks to buy.

Frequently Asked Questions on Cable Stocks to Buy

Which are the best cable stocks to buy in November 2026?

Ans. The five cable stocks on the November 2026 watchlist are Polycab India, KEI Industries, RR Kabel, Apar Industries and Finolex Cables. Finolex Cables has the lowest P/E at 21.96, Polycab India has the highest ROE at 24.10%, and RR Kabel grew net profit 58.0% in its latest full year. This is educational content, not investment advice, so please consult a SEBI-registered advisor.

Is Polycab India a good cable stock to buy?

Ans. Polycab India is the largest company on this list with a market capitalisation of Rs 1,15,758 crore and a P/E of 36.15 against an industry P/E of 39.42. Its FY26 revenue rose 28.8% and net profit rose 32.4%, with return on equity at 24.10%. Whether it suits you depends on your risk appetite and holding period, so please consult a SEBI-registered advisor before investing.

Are cable stocks expensive right now?

Ans. Valuations vary across the group. Polycab India trades at a P/E of 36.15, KEI Industries trades at a P/E of 34.90, RR Kabel trades at a P/E of 41.06, Apar Industries trades at a P/E of 54.60, Finolex Cables trades at a P/E of 21.96, against industry multiples ranging from 39.42 to 41.42. Higher multiples reflect faster growth but also leave less room for earnings misses, so entry price deserves attention.

Which cable stocks pay a dividend?

Ans. Dividend yields on this list are Polycab India 0.61%, KEI Industries 0.12%, RR Kabel 0.43%, Apar Industries 0.37%, Finolex Cables 0.78%. Yields are modest across the group, so most investors look at these stocks for growth in earnings rather than for income, and payouts can change with company profits.

Which cable stock has the highest return on equity?

Ans. Polycab India has the highest ROE on this list at 24.10%, followed by RR Kabel at 19.12% and Apar Industries at 18.11%. A higher ROE shows a company earns more profit on shareholder capital, but it should be read alongside valuation and debt.

What are the risks of investing in cable stocks?

Ans. The main risks are metal price swings, competition and premium valuations. On this list, Apar Industries trades at the highest P/E of 54.60, which leaves less room for earnings disappointments. Staggered buying and a long holding period can help manage these risks.

How can I invest in cable stocks in India?

Ans. You can buy these stocks directly on NSE or BSE through a demat account, and compare them first on the Univest Screener using P/E, ROE and debt. Many investors split the amount across two or three purchases and review the holding after each quarterly result. Sector-themed mutual funds and ETFs are another route for investors who prefer diversification.