Finolex Cables vs Apar Industries vs Universal Cables: Which Stock Should You Track

Finolex Cables vs Apar Industries vs Universal Cables starts with the core numbers most investors compare within the Cables and Wires (Second Fresh Set) segment: market capitalisation, valuation multiples, profitability and dividend yield. Figures below are sourced as of September 2026 and will shift with daily price moves.

All three names sit in the Cables and Wires (Second Fresh Set) bucket, which makes them a natural set to place side by side rather than a random trio of unrelated businesses.

Click Here – Get Free Investment Predictions

Finolex Cables, Apar Industries and Universal Cables: Company Overview

Finolex Cables is a listed Indian company in the Cables and Wires (Second Fresh Set) space, tracked here on book value, return ratios and valuation alongside its peers in this comparison.

Apar Industries is a listed Indian company in the Cables and Wires (Second Fresh Set) space, tracked here on book value, return ratios and valuation alongside its peers in this comparison.

Universal Cables is a listed Indian company in the Cables and Wires (Second Fresh Set) space, tracked here on book value, return ratios and valuation alongside its peers in this comparison.

Finolex Cables vs Apar Industries vs Universal Cables: Valuation and Profitability Snapshot

Metric	Finolex Cables	Apar Industries	Universal Cables
Market Cap (approx.)	Rs 22,481 crore	Rs 74,837 crore	Rs 5,228 crore
PE Ratio (TTM)	28.10	63.34	26.14
PB Ratio	3.69	9.48	2.76
Return on Equity (ROE)	11.73%	18.11%	8.71%
EPS (TTM, Rs)	52.32	282.17	57.65
Dividend Yield	0.61%	0.32%	0.30%
Debt to Equity	0.00	0.18	0.62
Book Value per Share (Rs)	397.93	1885.11	545.03

Check the Univest Screener for Live Data

On valuation, Finolex Cables trades at a PE of 28.10 and a PB of 3.69, Apar Industries at a PE of 63.34 and a PB of 9.48, while Universal Cables trades at a PE of 26.14 and a PB of 2.76. On return on equity, the three post 11.73%, 18.11% and 8.71% respectively, and on dividend yield they stand at 0.61%, 0.32% and 0.30%.

Finolex Cables vs Apar Industries vs Universal Cables: Latest Quarterly Results

Company	Latest Quarter Revenue	Latest Quarter Net Profit	YoY Change (Revenue)	QoQ Change (Revenue)
Finolex Cables	Rs 2,064.64 crore	Rs 249.04 crore	+42.4%	+4.1%
Apar Industries	Rs 6,624.71 crore	Rs 467.45 crore	+29.2%	+0.0%
Universal Cables	Rs 948.18 crore	Rs 70.14 crore	+57.4%	+11.6%

Quarterly figures above are the most recent reported quarter for each company (Q1 FY28, quarter ended June 2026), compared with the year-ago and preceding quarter.

Download the Univest iOS App or Univest Android App to track Finolex Cables, Apar Industries and Universal Cables live prices.

What Should Investors Look at Beyond These Numbers?

Beyond the metrics above, investors comparing these three cables and wires (second fresh set) names should track quarter-on-quarter revenue and margin trends, management commentary on demand and cost drivers, and any sector-specific regulatory developments, since a single-quarter snapshot can shift quickly.

Conclusion

Finolex Cables vs Apar Industries vs Universal Cables highlights how differently three companies in the same cables and wires (second fresh set) segment can score across valuation, profitability and dividend metrics, even when operating in a similar space. This comparison does not declare a winner; investors should weigh these figures against their own research and risk appetite. Please read the disclaimer below before making any investment decision.

FAQs on Finolex Cables vs Apar Industries vs Universal Cables

What is the market cap difference between Finolex Cables, Apar Industries and Universal Cables?

Ans. As of September 2026, Finolex Cables has a market cap of approximately Rs 22,481 crore, Apar Industries is at approximately Rs 74,837 crore, and Universal Cables is at approximately Rs 5,228 crore.

Which of the three has the highest PE ratio?

Ans. Among Finolex Cables, Apar Industries and Universal Cables, the PE ratios stand at 28.10, 63.34 and 26.14 respectively as of September 2026.

Which of the three has the highest ROE?

Ans. Finolex Cables, Apar Industries and Universal Cables post ROE of 11.73%, 18.11% and 8.71% respectively as of September 2026.

Which of these three stocks pays the highest dividend yield?

Ans. Finolex Cables, Apar Industries and Universal Cables carry dividend yields of 0.61%, 0.32% and 0.30% respectively.

What is the debt to equity ratio for Finolex Cables, Apar Industries and Universal Cables?

Ans. Finolex Cables carries a debt to equity of 0.00, Apar Industries of 0.18, and Universal Cables of 0.62.

Which of the three trades at the highest price to book value?

Ans. Finolex Cables, Apar Industries and Universal Cables trade at price to book ratios of 3.69, 9.48 and 2.76 respectively.

Is one of Finolex Cables, Apar Industries or Universal Cables better than the others?

Ans. This comparison does not declare one stock better than another; each company scores differently across valuation, profitability and dividend metrics, and the right fit depends on an individual investor's own criteria and research.