Top Cable and Wire Stocks Compared: Polycab vs KEI Industries vs Havells vs Universal Cables vs Paramount Communications on Price, Valuation, Q2 FY27 Results and Risks

Cable and wire stocks compared here means Polycab, KEI Industries, Havells, Universal Cables and Paramount Communications on one page, checked on previous close, market value, valuation and the latest quarterly numbers. The group mixes the largest wire maker, a power cable specialist, a diversified electricals company and two smaller makers, so a side-by-side look shows how differently each one earns.

All five cable and wire companies have filed their September 2026 quarter, so every result below is Q2 FY27. Cable demand follows power, housing and infrastructure spending, so a glance at the Nifty Midcap 100 page and the Sensex page before you read the tables gives useful backdrop.

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Cable and Wire Stocks Compared: Five Makers on the List

The cable and wire stocks compared here are Polycab, KEI Industries, Havells, Universal Cables and Paramount Communications. Polycab is the largest by market capitalisation at Rs 1,17,853 crore. Previous closes run from Rs 65.28 for Paramount Communications to Rs 7,839.00 for Polycab, which is why a side-by-side look at value rather than price is more useful. This cable and wire stocks compared list is the base for every table that follows.

Stock	Previous close (Rs)	Market cap (Rs crore)
Polycab	7,839.00	1,17,853
KEI Industries	4,010.00	38,282
Havells	1,123.00	72,679
Universal Cables	1,158.80	3,924
Paramount Communications	65.28	2,074

A quick look at the business behind each ticker puts the numbers in context. Polycab is the largest maker of wires and cables in the country, with a growing business in fast-moving electrical goods, while KEI Industries makes wires and cables for power, building and industrial uses. Havells sells wires and cables, switches, fans, lighting and appliances, and Universal Cables makes power cables for utilities and industry. To compare cable and wire stocks properly, line up price to earnings, return on equity and debt to equity before forming a view.

Rounding out the group, Paramount Communications makes cables and conductors for power, telecom and defence uses. A fair cable and wire stock comparison looks at what each company actually earns from, not only at the share price. House-wire leaders, power cable specialists and diversified electricals names belong in separate mental boxes whenever you compare cable and wire stocks fairly.

Cable and Wire Stocks Valuation: Premium Multiples and Returns

Universal Cables trades at the lowest price to earnings ratio in this group at 18.15. Polycab reports the highest return on equity at 24.10%. Universal Cables has the lowest price to book value at 1.80. These cable and wire stocks valuation readings come from the previous close and the latest reported financials. That is the idea behind this cable and wire stocks compared table: price to earnings and return on equity sit side by side so a high or low reading stands out at once.

Stock	Price to earnings	Price to book	ROE (%)	Dividend yield (%)	Debt to equity
Polycab	36.80	9.00	24.10	0.60	0.02
KEI Industries	36.26	5.31	14.66	0.11	0.05
Havells	43.71	7.44	17.02	0.86	0.02
Universal Cables	18.15	1.80	9.94	0.40	0.68
Paramount Communications	28.81	2.25	7.82		0.15

Cable and wire stocks usually trade at premium price to earnings multiples when demand from power, construction and housing is strong. Return on equity and debt to equity help you judge whether a premium is earned and how comfortably capacity expansion is funded. Earnings per share and book value per share are the building blocks behind price to earnings and price to book, so a glance at both in each filing is time well spent. A simple cable and wire stock comparison like this one is only as useful as the context behind it, which is why debt to equity is worth checking as well.

In this group, price to earnings runs from 18.15 for Universal Cables to 43.71 for Havells. Havells offers the highest dividend yield at 0.86%. Industry price to earnings readings differ by sub-sector: Polycab, KEI Industries, Universal Cables and Paramount Communications at 37.13; Havells at 45.38. The industry price to earnings is a handy anchor: a cable stock above it is priced for faster growth, and one below it is priced for steadier earnings. A well-built cable and wire stock comparison also notes that copper prices can move margins between quarters. Run the same cable and wire stock comparison on your own watchlist and the pattern in these numbers will be easier to spot. Whenever you compare cable and wire stocks, note whether a premium is backed by returns or only by size.

Cable and Wire Stocks Q2 FY27 Results: Revenue and Profit Check

All of the five cable and wire stocks compared have filed Q2 FY27 numbers. Polycab posted the fastest revenue growth at 53.1% year on year. Paramount Communications showed the sharpest rise in net profit at 82.9%. Read revenue first and quarterly profit second, since the two together show how much of the growth reaches shareholders. Treat the Q2 FY27 numbers in this cable and wire stocks compared review as a snapshot of one quarter, not a verdict on any cable maker.

Stock	Q2 FY27 revenue (Rs crore)	Q2 FY26 revenue (Rs crore)	Q2 FY27 net profit (Rs crore)	Q2 FY26 net profit (Rs crore)
Polycab	9,987	6,523	990.0	693.0
KEI Industries	3,801	2,769	262.4	203.5
Havells	6,465	4,866	349.2	318.3
Universal Cables	1,031	824.3	63.9	47.7
Paramount Communications	564.2	447.6	24.2	13.2

Polycab Results Snapshot

Polycab's Q2 FY27 top line stood at Rs 9,987 crore, versus Rs 6,523 crore in Q2 FY26, a rise of 53.1%. Net profit rose 42.9% to Rs 990.0 crore from Rs 693.0 crore. Earnings per share for the quarter rose to Rs 64.78 from Rs 45.46.

KEI Industries Results Snapshot

KEI Industries reported Q2 FY27 revenue of Rs 3,801 crore, compared with Rs 2,769 crore a year earlier, a rise of 37.3%. Net profit rose 29.0% to Rs 262.4 crore from Rs 203.5 crore. Earnings per share for the quarter rose to Rs 27.45 from Rs 21.28.

Havells Results Snapshot

In the September 2026 quarter, Havells booked revenue of Rs 6,465 crore against Rs 4,866 crore in the same quarter last year, a rise of 32.9%. Net profit rose 9.7% to Rs 349.2 crore from Rs 318.3 crore. Earnings per share for the quarter rose to Rs 5.57 from Rs 5.08.

Universal Cables Results Snapshot

Universal Cables' Q2 FY27 top line stood at Rs 1,031 crore, versus Rs 824.3 crore in Q2 FY26, a rise of 25.1%. Net profit rose 33.9% to Rs 63.9 crore from Rs 47.7 crore. Operating margin expanded to 12.8% from 12.0% a year ago. Earnings per share for the quarter rose to Rs 18.40 from Rs 13.74.

Paramount Communications Results Snapshot

Paramount Communications reported Q2 FY27 revenue of Rs 564.2 crore, compared with Rs 447.6 crore a year earlier, a rise of 26.0%. Net profit rose 82.9% to Rs 24.2 crore from Rs 13.2 crore. Operating margin expanded to 8.0% from 6.0% a year ago. Earnings per share for the quarter rose to Rs 0.74 from Rs 0.43.

Cable and wire results depend on copper and aluminium prices, volumes and the mix between wires and power cables, so profit can look different from revenue in a single quarter. That is why a cable and wire stock comparison works best when revenue and profit are read together across two or three quarters. Used this way, a cable and wire stocks compared review becomes a map of the sector rather than a price list. When you compare cable and wire stocks after each result season, track how debt to equity changes from one quarter to the next. A cable and wire stock comparison built on one quarter of data is a starting point, and the next set of results will update it.

Cable and Wire Stocks Compared Two at a Time: Three Pairings

Readers rarely want a five-way table and nothing else, so here are three head-to-head reads drawn from the same data. Use them as a quick way to compare cable and wire stocks two at a time.

Polycab vs KEI Industries

Polycab and KEI Industries are two of the most-followed cable makers, with Polycab strong in wires for homes and KEI strong in power cables for utilities and industry. Polycab reports the higher return on equity, at 24.10% against 14.66% for KEI Industries. For dividend income, Polycab offers 0.60% against 0.11% at KEI Industries. In Q2 FY27, Polycab grew revenue faster, at 53.1% year on year against 37.3% for KEI Industries. Both are adding capacity, so read growth next to valuation before you judge either multiple.

Havells vs Polycab

Havells and Polycab both sell wires and cables to homes and builders, but Havells also earns from switches, fans, lighting and appliances. Polycab is about 1.6 times the size of Havells by market capitalisation, at Rs 1,17,853 crore against Rs 72,679 crore. On price to earnings, Polycab carries the lower multiple at 36.80 against 43.71 for Havells. Polycab reports the higher return on equity, at 24.10% against 17.02% for Havells. A diversified electricals company and a cable-led company are priced differently, so read the business mix before you read the ratio.

Universal Cables vs Paramount Communications

Universal Cables and Paramount Communications are smaller makers that focus on power, telecom and special cables. On price to earnings, Universal Cables carries the lower multiple at 18.15 against 28.81 for Paramount Communications. Universal Cables reports the higher return on equity, at 9.94% against 7.82% for Paramount Communications. In Q2 FY27, Paramount Communications grew revenue faster, at 26.0% year on year against 25.1% for Universal Cables. Smaller makers can grow quickly from a low base, so read returns and debt before you read the ratio.

Best Cable and Wire Stocks for Each Type of Investor

If you are asking which of the best cable and wire stocks here suits you, the answer depends on what you value. The table below shows who leads on each measure today, which is the fairest way to answer without naming a single winner. Any cable and wire stocks compared table can mislead if you stop at one row, because each cable maker leads on a different measure.

If you care most about	Start your research with	The number
Lowest price to earnings	Universal Cables	18.15
Highest return on equity	Polycab	24.10%
Highest dividend yield	Havells	0.86%
Lowest price to book value	Universal Cables	1.80
Largest by market capitalisation	Polycab	Rs 1,17,853 crore
Fastest Q2 FY27 revenue growth	Polycab	53.1%
Sharpest Q2 FY27 net profit rise	Paramount Communications	82.9%

No single name tops every row, which is exactly why a cable and wire stock comparison helps. Scale, returns, valuation and balance sheet strength each point to a different company, so decide what matters most to you before you rank the numbers.

What Is Driving Demand for Cables and Wires Right Now?

Spending on power transmission, housing, data centres and railways is raising demand for wires and cables, and buyers are shifting from local makers to branded, organised suppliers. That helps companies with strong dealer networks and large capacity. Knowing what moves metal prices and infrastructure spending helps you compare cable and wire stocks with the right questions in mind.

Volumes, copper and aluminium prices and the mix between power cables and house wires decide profit. Companies that add capacity and move into higher-value cables can earn more on each tonne sold. A good cable and wire stocks compared routine therefore tracks volumes, metal prices, capacity additions and operating margin. The sector backdrop helps every name here, but a cable and wire stock comparison shows it does not help them equally.

Risks to Weigh When You Compare Cable and Wire Stocks

Cable and wire stocks depend on copper and aluminium prices, construction and power spending and competition from smaller makers. Metal price swings can move margins. Read each filing for volume, pricing and capacity commentary before you compare them. Every cable and wire stock comparison has blind spots, and for this group the biggest is metal prices and infrastructure spending. A thoughtful cable and wire stocks compared review keeps these risks next to the numbers instead of in a footnote.

Because volumes, metal prices, capacity additions and operating margin drive these businesses, the most useful habit is to read the management commentary that comes with every result and note what is expected for the next quarter. Read together, the risk notes and the tables make this cable and wire stocks compared guide a balanced starting point.

How to Compare Cable and Wire Stocks and Build a Shortlist

Start by deciding whether you want a house-wire leader, a power cable specialist or a diversified electricals name, because each responds to different triggers. Wire-led names reward readers who track housing demand, while power cable names reward those who track utility and industrial orders. Done step by step, this cable and wire stocks compared routine becomes repeatable rather than a one-off exercise.

Then check valuation and debt, because premium multiples leave less room for slips and capacity expansion is funded with capital. Spreading your attention across one large maker and one smaller specialist is a simple way to see both sides of the sector. Keep the shortlist of best cable and wire stocks short enough that you can actually follow each company's quarterly results. When you compare cable and wire stocks again after new results, update only the rows that changed instead of starting over.

The Univest stock screener lets you filter cable and wire stocks by market capitalisation, return on equity and price to earnings, and the app keeps live prices a tap away through the trading day. Come back to this cable and wire stocks compared page after the next set of results to see which numbers have moved.

Check the Univest Screener for live cable and wire stock data

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Conclusion: Cable and Wire Stocks Compared at a Glance

This cable and wire stocks compared review on price, valuation and Q2 FY27 results shows that no single name wins every measure. Polycab leads on both size and return on equity, though the others bring strengths of their own. Treat the cable and wire stocks Q2 FY27 results and cable and wire stocks valuation tables as a research starting point, then check the filings and speak to a SEBI-registered advisor before you invest. If you plan to compare cable and wire stocks again next quarter, the same checklist of price to earnings, return on equity and debt to equity will work.

Frequently Asked Questions on Cable and Wire Stocks Compared

Which are the top cable and wire stocks compared in this article?

Ans. The cable and wire stocks compared in this article are Polycab, KEI Industries, Havells, Universal Cables and Paramount Communications. They are checked on previous close, market capitalisation, price to earnings, price to book, return on equity and the latest quarterly results, so you get a clear side-by-side starting point before you open any single company's filings in more depth.

Which cable and wire stock has the highest market capitalisation?

Ans. Among the five names, Polycab has the highest market capitalisation at Rs 1,17,853 crore. Havells follows at Rs 72,679 crore. Market capitalisation is the total value the market places on a company and moves with the share price every day, so check the live figure before you rely on it.

Which of these cable and wire stocks has the lowest price to earnings ratio?

Ans. On cable and wire stocks valuation, Universal Cables has the lowest price to earnings ratio among these cable and wire stocks at 18.15, based on the latest reported earnings. Havells sits at the other end at 43.71. A lower multiple is not automatically better, since growth, margins and business quality all influence what investors are willing to pay.

Which cable and wire stock has the highest return on equity?

Ans. Polycab reports the highest return on equity in this group at 24.10%. Return on equity shows how much profit a company earns on shareholder funds, so a higher figure usually points to efficient use of capital. Compare it over several years, and keep debt levels in mind, because heavy borrowing can lift the ratio.

How did cable and wire stocks perform in Q2 FY27 results?

Ans. All of the five names have filed Q2 FY27 numbers in our data. Polycab recorded the fastest revenue growth at 53.1% year on year. Paramount Communications showed the sharpest net profit rise at 82.9%. For cable and wire stocks Q2 FY27 results, each filing on the exchange website carries the full detail behind these figures.

What are the main risks when you compare cable and wire stocks?

Ans. Cable and wire stocks depend on copper and aluminium prices, construction and power spending and competition from smaller makers. Metal price swings can move margins. Read each filing for volume, pricing and capacity commentary before you compare them. Keep an eye on volumes, metal prices, capacity additions and operating margin.

Which metrics matter most when you compare cable and wire stocks?

Ans. Volume growth, metal prices, capacity additions and operating margin matter most for operating performance. Price to earnings, return on equity and debt to equity show how the market values each company and how expansion is funded. Read each company's filing for these along with the numbers in this article.

Which is the best cable and wire stock to buy among these five?

Ans. The best cable and wire stock depends on whether you value scale, power cable depth or a diversified electricals business, because the five names differ on all three. On the numbers in this article, Polycab has the largest market capitalisation as well as the highest return on equity; Universal Cables has the lowest price to earnings; Havells has the highest dividend yield. No single stock tops every measure, and none of this is a recommendation. Use the tables to build a shortlist, check the latest filings, and speak to a SEBI-registered advisor before you decide, since your goals, time horizon and risk appetite matter more than any ranking.