India’s electrical wires and cables market is projected to develop by roughly USD 2.3 billion between 2024 and 2029, rising at a CAGR of 4.5 % over the interval.
In a major growth, the announcement earlier this yr of Aditya Birla Group and the Adani Group getting into the cables and wires sector sparked considerations over rising competitors. This information triggered heightened volatility within the share costs of current gamers, as traders weighed the potential influence of those deep-pocketed new entrants on market dynamics.
UltraTech Cement introduced in February 2025 its plans to enter the cables and wires phase. The corporate will make investments Rs. 1,800 crore over the following two years to arrange a producing facility in Bharuch, Gujarat, with commissioning anticipated by December 2026.
Towards this backdrop of rising competitors and sector development, right here’s a take a look at the highest 5 gamers dominating India’s cables and wires market by market share as of 2025:
With a market cap of Rs. 1.04 lakh crores, the inventory surged by practically 3 % on BSE, rising to Rs. 7,080 on Friday. The corporate expanded its market share by 100 foundation factors, now holding round 27 % of India’s organised cables and wires market, up from 25-26 % in FY24 and 18-19 % in FY19, showcasing regular development and strengthening management.
This elevated market share of Polycab is aided by Rs. 2,800 crore capex over 4 years. In the meantime, its FMEG (Quick-Transferring Electrical Items) phase, contributing about 10 % to total revenues, has turned worthwhile after ten consecutive quarters.
Polycab India Restricted is India’s largest built-in producer of wires and cables and a distinguished participant within the Quick-Transferring Electrical Items (FMEG) business. It serves industries together with infrastructure, actual property, chemical compounds, information centres, defence, vitality, manufacturing, metals, oil and gasoline, expertise, telecom and transport.
With a market cap of Rs. 37,426 crores, the inventory surged by practically 2 % on BSE, rising to Rs. 4,008.95 on Friday. KEI Industries holds its place because the second-largest participant in India’s cables and wires business, with a strong 13 % share within the organised phase and round 9 % of the general market.
KEI Industries Restricted has three main segments: Cables & Wires, EPC Initiatives and Stainless Metal Wire. It’s engaged within the manufacturing, sale and advertising and marketing of all vary of energy cables to deal with the cabling necessities of a variety of sectors similar to energy, oil refineries, railways, vehicles, cement, metal, fertilisers, textiles and actual property, amongst others.
KEI can be engaged within the execution of Engineering, Procurement and Development initiatives (EPC) for survey, provide of supplies, design, erection, testing & commissioning on a turnkey foundation.
With a market cap of Rs. 95,241.3 crores, the inventory surged by practically 1 % on BSE, rising to Rs. 1,547.60 on Friday. As of February 2025, the market share of Havells India within the wires and cables phase stood at 7.9 %. The corporate is a shopper electrical/electronics and energy distribution tools producer with merchandise starting from industrial and home circuit safety switchgears, cables, and extra, overlaying your complete vary of family, industrial and industrial electrical wants.
The corporate’s manufacturing services are situated in Rajasthan, Uttarakhand, Uttar Pradesh, Himachal Pradesh, Haryana, Andhra Pradesh, and Karnataka, whereas the analysis and growth services are situated at Noida (Uttar Pradesh), Bangalore and Ghiloth (Rajasthan).
With a market cap of Rs. 13,070 crores, the inventory moved down by practically 2 % on BSE, falling to Rs. 210.15 on Friday. As of February 2025, the market share of Finolex Industries within the wires and cables phase stood at 5.9 %. The corporate is engaged within the enterprise of producing PVC pipes and fittings and PVC resin. The corporate has manufacturing services in Maharashtra and Gujarat.
With a market cap of Rs. 16,600 crores, the inventory surged by practically 4 % on BSE, rising to Rs. 1,523.05 on Friday. Among the many prime gamers in India’s branded wires & cables (W&C) phase, R R Kabel has a good market share of 5.2 % as of February 2025. The corporate is principally engaged within the enterprise of producing PVC-insulated wires and cables, energy cables and particular cables.
Administration highlighted strong demand, reporting about 14 % YoY and 24 % QoQ quantity development in its cables and wires phase, pushed by each home and export markets. Trying forward, RR Kabel goals to ship a ~25 % CAGR in cable volumes over the following two years, leveraging capability expansions, market share positive factors, and export development.
Written by Shivani Singh
Disclaimer
The views and funding suggestions expressed by funding specialists/broking homes/score businesses on tradebrains.in are their very own, and never that of the web site or its administration. Investing in equities poses a danger of economic losses. Buyers should due to this fact train due warning whereas investing or buying and selling in shares. Commerce Brains Applied sciences Non-public Restricted or the writer usually are not responsible for any losses brought on because of the choice based mostly on this text. Please seek the advice of your funding advisor earlier than investing.
