Synopsis: India’s cable stocks, including Polycab, KEI, and RR Kabel, are gaining attention as the data center boom drives rising demand for power and data infrastructure, supported by strong industry growth and expanding digital capacity.
The Indian wires and cables market was valued at USD 9.32 billion in 2024 and is expected to grow from USD 10.01 billion in 2025 to USD 17.08 billion by 2032, registering a CAGR of 7.94 percent. The growth is driven by investments in infrastructure, renewable energy, urban development, and digital networks.
Cables are crucial for the efficient transmission of electricity and data, making them an essential component of modern infrastructure projects. In data centers, wires and cables support the power supply and facilitate high-speed data transmission between servers and networking equipment, ensuring reliable operations.
India’s data centre industry is set for strong growth, with capacity expected to rise from around 950 MW in 2024 to nearly 8 GW by 2030, according to a Jefferies report. This expansion highlights the increasing importance of digital infrastructure across the country.
The growth is being driven by rising data consumption, rapid cloud adoption, stricter data localisation rules, and the increasing use of artificial intelligence and digital services. As data usage continues to increase, demand for data centres and supporting infrastructure like cables is expected to grow steadily.
Why Cable Companies Benefit from Data Centers
Cables are the vital backbone of data centers, forming the essential infrastructure that enables seamless data transmission between servers, storage systems, switches, and external networks. High-quality structured cabling, such as fiber optics and Category 6A copper cables, ensures high-speed connectivity with minimal signal loss, low latency, and resistance to electromagnetic interference, which is crucial for handling massive data volumes in cloud computing, AI workloads, and real-time applications.
Proper cabling enhances reliability and uptime by reducing failure risks from tangles, overheating, or disconnections, while organized layouts improve airflow for better cooling in dense environments. It also supports scalability, allowing easy expansions without costly rewiring, future-proofing facilities for emerging technologies like 6G and IoT.
Compared to unstructured setups, structured cabling cuts maintenance time, lowers long-term costs, and optimizes performance, making it indispensable for mission-critical operations that demand 99.999% availability.
Sectors Benefiting from the Data Center Boom
Apart from cables, several sectors are expected to benefit from the data center boom, including power equipment, electrical infrastructure, cooling systems, construction, and telecom services. Companies involved in transformers, EPC projects, real estate development, and fiber networks are likely to see rising demand as data center capacity continues to expand across India.
Key Players in Data Center
Indian companies are building gigawatt-scale hyperscaler data centres to support rising demand for artificial intelligence and cloud computing. Adani Enterprises, through AdaniConneX, is developing large facilities across major cities and plans a major AI-focused campus in Visakhapatnam. Reliance Industries is also investing heavily in AI-ready data centres, including large projects in Visakhapatnam and Jamnagar, supported by renewable energy.
Lodha Developers is building a large 2.5 GW data centre park at Palava in Maharashtra with strong power and connectivity infrastructure. Tata Consultancy Services (TCS) plans to develop up to 1 GW capacity through its HyperVault platform, while Larsen & Toubro is focusing on sovereign AI infrastructure with gigawatt-scale expansion plans. These projects highlight India’s shift toward large-scale digital infrastructure to support AI, cloud services, and long-term data growth. Here are a few cable stocks poised to benefit from the Data Center Boom
Polycab India Limited
With a market capitalization of Rs. 1,28,747.61 crore, the shares of Polycab India Limited closed at Rs. 8551.85 per equity share, down nearly 0.17 percent from its previous day’s close price of Rs. 8566.45.
Polycab India Limited was founded in 1996 and is a leading Indian manufacturer of wires, cables, and electrical products headquartered in Mumbai. It is India’s largest producer in its segment and a rapidly expanding player in the fast-moving electrical goods (FMEG) market, offering a wide portfolio that supports residential, commercial, and industrial infrastructure nationwide.
Coming into financial highlights, Polycab India Limited’s revenue has increased from Rs. 5,226 crore in Q3 FY25 to Rs. 7,636 crore in Q3 FY26, which has grown by 46.12 percent. The net profit has also grown by 35.78 percent from Rs. 464 crore in Q3 FY25 to Rs. 630 crore in Q3 FY26.
KEI Industries Limited
With a market capitalization of Rs. 47,131.09 crore, the shares of KEI Industries Limited closed at Rs. 4930.00 per equity share, rising nearly 0.07 percent from its previous day’s close price of Rs. 4926.35.
KEI Industries Limited was founded in 1968 and is headquartered in New Delhi. The company is an Indian multinational specializing in electrical wires and cables manufacturing. The company has evolved from a small producer of rubber house-wiring cables into a major global supplier serving more than 60 countries.
Coming into financial highlights, KEI Industries Limited’s revenue has increased from Rs. 2,472 crore in Q3 FY25 to Rs. 2,955 crore in Q3 FY26, which has grown by 19.54 percent. The net profit has also grown by 42.42 percent from Rs. 165 crore in Q3 FY25 to Rs. 235 crore in Q3 FY26.
R R Kabel Limited
With a market capitalization of Rs. 17,276.19 crore, the shares of R R Kabel Limited closed at Rs. 1527.50 per equity share, rising nearly 1.89 percent from its previous day’s close price of Rs. 1499.10.
RR Kabel Limited was founded in 1995 and is headquartered in Mumbai. The company is an Indian electrical equipment company specializing in wires, cables, and fast-moving electrical goods (FMEG). It serves both domestic and international markets and is part of the RR Global group. It is one of India’s leading cable brands in residential, commercial, industrial, and infrastructure applications.
Coming into financial highlights, R R Kabel Limited’s revenue has increased from Rs. 1,782 crore in Q3 FY25 to Rs. 2,536 crore in Q3 FY26, which has grown by 42.31 percent. The net profit has also grown by 71.01 percent from Rs. 69 crore in Q3 FY25 to Rs. 118 crore in Q3 FY26.
Finolex Cables Limited
With a market capitalization of Rs. 14,822.88 crore, the shares of Finolex Cables Limited closed at Rs. 969.20 per equity share, rising nearly 5.53 percent from its previous day’s close price of Rs. 918.40.
Finolex Cables Limited was founded in 1958 and is headquartered in Pimpri, Pune, Maharashtra. The company is an Indian public company specializing in the manufacture of electrical and communication cables and related electrical goods. It is one of India’s largest cable producers and a recognized brand in the country’s electrical and consumer appliance markets.
Coming into financial highlights, Finolex Cables Limited’s revenue has increased from Rs. 1,182 crore in Q3 FY25 to Rs. 1,599 crore in Q3 FY26, which has grown by 35.28 percent. The net profit has also grown by 11.56 percent from Rs. 147 crore in Q3 FY25 to Rs. 164 crore in Q3 FY26.
KSH International Limited
With a market capitalization of Rs. 2,534.06 crore, the shares of KSH International Limited closed at Rs. 374.00 per equity share, rising nearly 3.02 percent from its previous day’s close price of Rs. 363.05.
KSH International Limited is an Indian manufacturer of magnet winding wires and related copper/aluminum conductors used in transformers, motors, generators, and other electrical equipment. It is among India’s largest players in this niche and a significant exporter, supplying major OEMs in the power and industrial sectors.
Coming into financial highlights, KSH International Limited’s revenue has increased from Rs. 516 crore in Q3 FY25 to Rs. 818 crore in Q3 FY26, which has grown by 58.53 percent. The net profit has decreased by 11.54 percent from Rs. 26 crore in Q3 FY25 to Rs. 23 crore in Q3 FY26.
Universal Cables Limited
With a market capitalization of Rs. 2,338.47 crore, the shares of Universal Cables Limited closed at Rs. 674.00 per equity share, down nearly 0.05 percent from its previous day’s close price of Rs. 674.35.
Universal Cables Limited was founded in 1945 and is an Indian cable and conductor manufacturing company that forms part of the MP Birla Group. It produces a wide range of power and communication cables for industrial, infrastructure, and utility applications across India and international markets.
Coming into financial highlights, Universal Cables Limited’s revenue has increased from Rs. 608 crore in Q3 FY25 to Rs. 768 crore in Q3 FY26, which has grown by 26.32 percent. The net profit has increased by 68.75 percent from Rs. 16 crore in Q3 FY25 to Rs. 27 crore in Q3 FY26.
Advait Energy Transitions Limited
With a market capitalization of Rs. 1,727.52 crore, the shares of Advait Energy Transitions Limited closed at Rs. 1579.55 per equity share, down nearly 0.56 percent from its previous day’s close price of Rs. 1570.70.
Advait Energy Transitions Limited (AETL) is a public energy infrastructure company headquartered in Ahmedabad, Gujarat, India. It provides power transmission, telecommunication, and renewable energy solutions. The company plays a growing role in India’s clean-energy transition through integrated manufacturing and EPC capabilities.
Coming into financial highlights, Advait Energy Transitions Limited’s revenue has increased from Rs. 98 crore in Q3 FY25 to Rs. 211 crore in Q3 FY26, which has grown by 115.31 percent. The net profit has increased by 70 percent from Rs. 10 crore in Q3 FY25 to Rs. 17 crore in Q3 FY26.
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