Is the Cables - Power sector outperforming NIFTY 500?
The 52-week sector comparison is unavailable. 8 of 8 covered companies currently have positive Mansfield relative strength versus NIFTY 500.
20-quarter listed-company comparison
Cables - Power Stocks in India
Cables - Power: Polycab India Ltd owns the largest revenue base; V-Marc India Ltd has the fastest current growth.
Nifty Cables - Power Index — Constituents & Performance
The Cables - Power companies below are the listed Indian Cables - Power universe this page tracks — the same constituent set people search for as the Nifty Cables - Power index. Every figure is equal-weighted across those companies, so one large constituent cannot set the reading. Each number carries its own as-of date.
The sector itself · before any single company
How has Cables - Power moved against NIFTY 500?
The line below covers 5.1 years. Over the most recent two of them this sector is 96% ahead of NIFTY 500. Earnings across its companies grew 38% on average over the last four reported quarters. It has been ahead of NIFTY 500 on a rolling three-month view for 17 weeks running.
LEADER · ahead 17w✓Price and the fundamentals both up7 of 9 companies ahead of NIFTY 500 by 5% or more over three months
RS ↑17w · 9/9 >200d (+0) · 7/9 lead (−2) · EPS 8/8↑
Cables - Power, equal-weighted, based at 200
NIFTY 500, same base, same start
trailing 12-month earnings per share rising
falling
Strength anatomy
Broad but lateHow much of the sector is participating, how recently, and whether the movers score well.
Together7 of 9 stocks moving
Fresh0 crossed in the last 4 weeks
Backed by scoresmovers score +2 vs the sector average
Down the cap ladder — bar is now, tick is four weeks ago
Large
2/20
Mid
2/3−1
Small
3/4−1
Participation is not spreading downward this month; the larger companies are still carrying most of it.
Both lines start at 200 in the same week, so the distance between them is the whole story: the sector line is an equal-weighted index of its 9 companies. The bars underneath are trailing 12-month earnings per share, one bar per reported quarter, each member rebased to 100 at the start and the sector taking the median — so a price line pulling away from flat bars is a re-rating, not earnings. A bar turns red when that figure is lower than the quarter before. Rules are fixed and applied identically everywhere on this site: ahead by 5% or more over three months, or behind by 20% or more over a year while earnings grew 20% or more. Hover any point to read both values and the gap. This is a description of what the numbers did, not advice.
Sector relative strength · before individual stocks
Is Cables - Power outperforming NIFTY 500?
The 52-week comparison of Cables - Power against NIFTY 500 is not available from the current market series. 8 of 8 covered companies currently beat NIFTY on Mansfield relative strength, so leadership inside the sector is selective. R R Kabel Ltd is the strongest against the sector itself at +14.3%. Readings are as of 2026-07-19.
—Sector vs NIFTY 500 · 13 weeks
—Sector vs NIFTY 500 · 52 weeks
8/8Stocks leading NIFTY 500
4/8Stocks leading sector
Sector metric: 30.2 as of 2026-07-19 · CONSOLIDATION · falling.
The central tension: the companies with the most scale are not necessarily the companies creating the most change.
Start with scale. Then earnings trajectory. Then business quality. Only after those three agree should price leadership carry much weight.
Bottom line
The 52-week sector comparison is unavailable. 8 of 8 covered companies currently have positive Mansfield relative strength versus NIFTY 500. Polycab India Ltd leads with revenue of ₹31,187 crore, based on 8 of 10 comparable companies through Jun 2026. V-Marc India Ltd has the fastest current revenue growth at 100%, across 8 of 10 comparable companies.
Which Cables - Power company is largest by revenue?
Polycab India Ltd leads with revenue of ₹31,187 crore, based on 8 of 10 comparable companies through Jun 2026.
Which Cables - Power company is growing fastest?
V-Marc India Ltd has the fastest current revenue growth at 100%, across 8 of 10 comparable companies.
Which Cables - Power company has the strongest 4-Factor Sector Score?
R R Kabel Ltd ranks first at 65.3/100 with 95.6% evidence confidence. The score prioritizes research; it is not a buy recommendation.
Which Cables - Power company reports the most CAPEX?
Polycab India Ltd reports the largest latest CAPEX at ₹313 crore, with 3 of 10 companies comparable.
Which Cables - Power company has the least gross debt?
Dynamic Cables Ltd has the lowest comparable gross debt at ₹43 crore. Diamond Power Infrastructure Ltd has the highest at ₹2,536 crore.
Which Cables - Power company has the lowest comparable PEG?
V-Marc India Ltd has the lowest comparable Guarded PEG at 0.68, among 6 of 10 companies that pass the metric’s comparability rules.
How much history does this Cables - Power comparison include?
The page compares up to 20 reported quarters per company for fundamentals, CAPEX, debt and valuation, ending Jun 2026. Missing observations remain blank rather than being estimated.
How is the 4-Factor Sector Score calculated?
The four visible contributions add directly: growth and earnings up to 35 points, capital efficiency up to 25, valuation up to 20, and relative strength up to 20. Missing or stale evidence moves only the affected contribution toward neutral.
Companies
10
complete canonical membership
Combined market value
₹2.9 L Cr
Polycab India Ltd
Revenue growing
8/8
positive TTM year-on-year growth
Beating NIFTY 500
8/8
positive Mansfield relative strength
Global company selection
00 · research priority, made explicit
4-Factor Sector Score
An additive sector-relative research score. The four displayed point contributions always equal the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or stale evidence is absorbed inside the affected factor, never applied as a hidden adjustment.
Growth & earnings · 35%Capital efficiency · 25%Valuation · 20%Relative strength · 20%
R R Kabel Ltd has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 95.6% evidence confidence.
Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is guarded: positive earnings, positive 5–60% three-year EPS growth, and a positive P/E are required.
1. R R Kabel Ltd · RRKABEL
65.3/100 · Favorable setup · 96% evidence
Exact sum: 23.8 + 14.2 + 7.8 + 19.5 = 65.3
Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
23.8/35Growth & earnings
Revenue 27.6% · PAT 57.7% · OPM change 0 pp
88% evidence
14.2/25Capital efficiency
ROCE 28.1% · debt/equity 0.13×
100% evidence
7.8/20Valuation
P/E 56× · PEG 2.45
100% evidence
19.5/20Relative strength
RS sector 14.3% · RS bench 47.2% · 1Y 55.8%
100% evidence
2. Diamond Power Infrastructure Ltd · DIACABS
64.1/100 · Mixed-positive evidence · 79% evidence
Exact sum: 28.8 + 9.7 + 8.5 + 17.1 = 64.1
Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
28.8/35Growth & earnings
Revenue 71.3% · PAT 100% · OPM change 7 pp
88% evidence
9.7/25Capital efficiency
ROCE 26.5% · debt/equity 2.45×
100% evidence
8.5/20Valuation
P/E 98.3× · PEG —
15% evidence
17.1/20Relative strength
RS sector 9.1% · RS bench 41.7% · 1Y 31.7%
100% evidence
3. V-Marc India Ltd · VMARCIND
61.5/100 · Mixed-positive evidence · 76% evidence
Exact sum: 23.7 + 17.6 + 15.2 + 5 = 61.5
Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -64.3% and the one-year return is -37.7%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth.
23.7/35Growth & earnings
Revenue 100% · PAT 100% · OPM change 0 pp
50% evidence
17.6/25Capital efficiency
ROCE 41.4% · debt/equity 0.74×
100% evidence
15.2/20Valuation
P/E 41× · PEG 0.68
65% evidence
5.0/20Relative strength
RS sector -64.3% · RS bench 108.1% · 1Y -37.7%
100% evidence
4. Universal Cables Ltd · UNIVCABLES
55.7/100 · Mixed-positive evidence · 96% evidence
Exact sum: 20.3 + 8 + 11 + 16.4 = 55.7
Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
20.3/35Growth & earnings
Revenue 25.4% · PAT 81.1% · OPM change -1 pp
88% evidence
8.0/25Capital efficiency
ROCE 11.7% · debt/equity 0.62×
100% evidence
11.0/20Valuation
P/E 26.3× · PEG 1.26
100% evidence
16.4/20Relative strength
RS sector 6.2% · RS bench 37.1% · 1Y 51.4%
100% evidence
5. Polycab India Ltd · POLYCAB
55.1/100 · Mixed-positive evidence · 100% evidence
Exact sum: 20.1 + 21.6 + 7.1 + 6.3 = 55.1
Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
20.1/35Growth & earnings
Revenue 32.1% · PAT 29.6% · OPM change -1 pp
100% evidence
21.6/25Capital efficiency
ROCE 33.2% · debt/equity 0.02×
100% evidence
7.1/20Valuation
P/E 46.8× · PEG 1.89
100% evidence
6.3/20Relative strength
RS sector -14.6% · RS bench 11.5% · 1Y 28%
100% evidence
6. Apar Industries Ltd · APARINDS
47.5/100 · Mixed-negative evidence · 100% evidence
Exact sum: 19.7 + 15.1 + 1.5 + 11.2 = 47.5
Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
19.7/35Growth & earnings
Revenue 24% · PAT 33.9% · OPM change 2 pp
100% evidence
15.1/25Capital efficiency
ROCE 31.1% · debt/equity 0.18×
100% evidence
1.5/20Valuation
P/E 46.3× · PEG 2.94
100% evidence
11.2/20Relative strength
RS sector 4.3% · RS bench 34.2% · 1Y 55.4%
100% evidence
7. KEI Industries Ltd · KEI
45.6/100 · Mixed-negative evidence · 93% evidence
Exact sum: 18.3 + 13.8 + 9.5 + 4 = 45.6
Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
18.3/35Growth & earnings
Revenue 20.7% · PAT 31.9% · OPM change 1 pp
83% evidence
13.8/25Capital efficiency
ROCE 20.1% · debt/equity 0.04×
95% evidence
9.5/20Valuation
P/E 50.7× · PEG 1.57
100% evidence
4.0/20Relative strength
RS sector -16.6% · RS bench 9% · 1Y 24.9%
100% evidence
8. Dynamic Cables Ltd · DYCL
45.6/100 · Mixed-negative evidence · 87% evidence
Exact sum: 12.9 + 14.1 + 12.1 + 6.5 = 45.6
Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
12.9/35Growth & earnings
Revenue 19.1% · PAT 26.4% · OPM change 1 pp
95% evidence
14.1/25Capital efficiency
ROCE 26.2% · debt/equity 0.09×
95% evidence
12.1/20Valuation
P/E 21.4× · PEG —
50% evidence
6.5/20Relative strength
RS sector -17.7% · RS bench 9.2% · 1Y -17.1%
100% evidence
9. JD Cables Ltd · 544524
54.0/100 · Thin evidence · provisional · 32% evidence
Exact sum: 14.6 + 17.9 + 11.5 + 10 = 54
Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
14.6/35Growth & earnings
Revenue — · PAT — · OPM change -1 pp
26% evidence
17.9/25Capital efficiency
ROCE 33.6% · debt/equity 0.39×
80% evidence
11.5/20Valuation
P/E 15× · PEG —
15% evidence
10.0/20Relative strength
RS sector — · RS bench — · 1Y —
0% evidence
10. Systematic Industries Ltd · 544541
49.2/100 · Thin evidence · provisional · 23% evidence
Exact sum: 17.1 + 11.6 + 10.5 + 10 = 49.2
Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
17.1/35Growth & earnings
Revenue — · PAT — · OPM change -1 pp
15% evidence
11.6/25Capital efficiency
ROCE 20.6% · debt/equity 0.53×
60% evidence
10.5/20Valuation
P/E 26.8× · PEG —
15% evidence
10.0/20Relative strength
RS sector — · RS bench — · 1Y —
0% evidence
01 · compare level, then change
Revenue Scale & Growth Durability
Polycab India Ltd has the highest Revenue among the 10 Cables - Power companies compared here, at ₹31,187 crore. Apar Industries Ltd is next at ₹24,389 crore. V-Marc India Ltd has the highest Revenue growth at the 100% top of the scoring scale, so level and change sit with different companies.
What the numbers say: Polycab India Ltd is the scale leader at ₹31,187 crore, 27.9% ahead of Apar Industries Ltd. V-Marc India Ltd's growth is stored at the ≥100% scoring cap; the uncapped TTM change is 232.5% from a ₹2,703 crore base, with 10 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.
LeaderPolycab India Ltd · ₹31,187 crore
Gap27.9% versus #2 · Apar Industries Ltd
Persistence8/8 recent comparable periods
Coverage8/10 companies · 136 observations
Investor read: Polycab India Ltd is the scale benchmark; V-Marc India Ltd is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns.
This conclusion weakens if: Polycab India Ltd's growth falls below V-Marc India Ltd's for two consecutive comparable reports while operating margin also compresses.
Revenue is compared on a common reported-currency basis. Growth is year-on-year, so seasonality does not masquerade as progress.
Revenuelargest
1Polycab India Ltd POLYCAB₹31.2K Cr
2Apar Industries Ltd APARINDS₹24.4K Cr
3KEI Industries Ltd KEI₹11.7K Cr
4R R Kabel Ltd RRKABEL₹9.7K Cr
5Universal Cables Ltd UNIVCABLES₹3.0K Cr
Revenue growthfastest growers
1V-Marc India Ltd VMARCIND100%
2Diamond Power Infrastructure Ltd DIACABS71%
3Polycab India Ltd POLYCAB32%
4R R Kabel Ltd RRKABEL28%
5Universal Cables Ltd UNIVCABLES25%
Revenue · company comparison
8/10 level · 8/10 change
Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.
All-company data · latest reported quarter
Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
| Company | Revenue | Revenue growth | Reported |
|---|---|---|---|
| Polycab India Ltd POLYCAB | ₹8.2K Cr | 39% | Jun 2026 |
| Apar Industries Ltd APARINDS | ₹6.6K Cr | 29% | Jun 2026 |
| KEI Industries Ltd KEI | ₹3.5K Cr | 19% | Mar 2026 |
| R R Kabel Ltd RRKABEL | ₹3.0K Cr | 34% | Mar 2026 |
| V-Marc India Ltd VMARCIND | ₹1.1K Cr | 98% | Mar 2026 |
| Universal Cables Ltd UNIVCABLES | ₹840 Cr | 25% | Mar 2026 |
| Diamond Power Infrastructure Ltd DIACABS | ₹696 Cr | 108% | Mar 2026 |
| Dynamic Cables Ltd DYCL⚠ unverified | ₹349 Cr | 33% | Jun 2026 |
| Systematic Industries Ltd 544541 | ₹254 Cr | 54% | Sep 2025 |
| JD Cables Ltd 544524 | ₹243 Cr | 70% | Mar 2026 |
Full 20-quarter history · every available company
Revenue · reported quarter history
Apar Industries Ltd · APARINDS
₹2.3K Cr
₹2.2K Cr
₹3.0K Cr
₹3.1K Cr
₹3.2K Cr
₹3.9K Cr
₹4.1K Cr
₹3.8K Cr
₹3.9K Cr
₹4.0K Cr
₹4.5K Cr
₹4.0K Cr
₹4.6K Cr
₹4.7K Cr
₹5.2K Cr
₹5.1K Cr
₹5.7K Cr
₹5.5K Cr
₹6.6K Cr
₹6.6K Cr
Diamond Power Infrastructure Ltd · DIACABS
—
—
—
—
—
₹1 Cr
₹14 Cr
₹74 Cr
₹75 Cr
₹60 Cr
₹134 Cr
₹224 Cr
₹250 Cr
₹307 Cr
₹334 Cr
₹302 Cr
₹438 Cr
₹474 Cr
₹696 Cr
—
Dynamic Cables Ltd · DYCL⚠ unverified
—
—
—
—
—
₹159 Cr
₹178 Cr
₹181 Cr
₹154 Cr
₹192 Cr
₹241 Cr
₹209 Cr
₹234 Cr
₹252 Cr
₹331 Cr
₹262 Cr
₹282 Cr
₹299 Cr
₹355 Cr
₹349 Cr
JD Cables Ltd · 544524
—
—
—
—
—
—
—
—
—
—
—
—
₹107 Cr
—
₹143 Cr
—
₹121 Cr
—
₹243 Cr
—
KEI Industries Ltd · KEI
—
—
—
—
—
₹1.8K Cr
₹2.0K Cr
₹1.8K Cr
₹1.9K Cr
₹2.1K Cr
₹2.3K Cr
₹2.1K Cr
₹2.3K Cr
₹2.5K Cr
₹2.9K Cr
₹2.6K Cr
₹2.7K Cr
₹3.0K Cr
₹3.5K Cr
—
Polycab India Ltd · POLYCAB
₹3.0K Cr
₹3.4K Cr
₹4.0K Cr
₹2.7K Cr
₹3.3K Cr
₹3.7K Cr
₹4.3K Cr
₹3.9K Cr
₹4.2K Cr
₹4.3K Cr
₹5.6K Cr
₹4.7K Cr
₹5.5K Cr
₹5.2K Cr
₹7.0K Cr
₹5.9K Cr
₹6.5K Cr
₹7.6K Cr
₹8.9K Cr
₹8.2K Cr
R R Kabel Ltd · RRKABEL
—
—
₹1.4K Cr
₹1.2K Cr
₹1.4K Cr
₹1.5K Cr
₹1.5K Cr
₹1.6K Cr
₹1.6K Cr
₹1.6K Cr
₹1.8K Cr
₹1.8K Cr
₹1.8K Cr
₹1.8K Cr
₹2.2K Cr
₹2.1K Cr
₹2.2K Cr
₹2.5K Cr
₹3.0K Cr
—
Systematic Industries Ltd · 544541
—
—
—
—
—
—
—
—
—
—
—
—
₹165 Cr
—
₹282 Cr
—
₹254 Cr
—
—
—
Universal Cables Ltd · UNIVCABLES
₹451 Cr
₹490 Cr
₹594 Cr
₹514 Cr
₹514 Cr
₹591 Cr
₹583 Cr
₹479 Cr
₹494 Cr
₹467 Cr
₹580 Cr
₹489 Cr
₹638 Cr
₹608 Cr
₹674 Cr
₹600 Cr
₹814 Cr
₹768 Cr
₹840 Cr
—
V-Marc India Ltd · VMARCIND
₹56 Cr
—
₹125 Cr
—
₹115 Cr
—
₹133 Cr
—
₹175 Cr
—
₹390 Cr
—
₹345 Cr
—
₹560 Cr
—
₹692 Cr
—
₹1.1K Cr
—
Revenue growth · reported quarter history
Apar Industries Ltd · APARINDS
—
—
—
71%
43%
77%
36%
22%
21%
1.8%
9.1%
6.5%
18%
18%
17%
27%
23%
16%
27%
29%
Diamond Power Infrastructure Ltd · DIACABS
—
—
—
—
—
—
—
—
—
5,900%
857%
203%
233%
412%
149%
35%
75%
54%
108%
—
Dynamic Cables Ltd · DYCL⚠ unverified
—
—
—
—
—
—
—
—
—
21%
35%
15%
52%
31%
37%
25%
21%
19%
7.3%
33%
JD Cables Ltd · 544524
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
13%
—
70%
—
KEI Industries Ltd · KEI
—
—
—
—
—
—
—
—
—
15%
19%
16%
17%
20%
25%
25%
19%
20%
19%
—
Polycab India Ltd · POLYCAB
—
—
—
—
11%
10%
8.9%
42%
27%
17%
29%
21%
30%
20%
25%
26%
18%
46%
27%
39%
R R Kabel Ltd · RRKABEL
—
—
—
—
—
—
8.6%
29%
18%
10%
16%
13%
12%
9.1%
26%
14%
20%
42%
34%
—
Systematic Industries Ltd · 544541
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
54%
—
—
—
Universal Cables Ltd · UNIVCABLES
—
—
—
85%
14%
21%
-1.9%
-6.8%
-3.9%
-21%
-0.5%
2.1%
29%
30%
16%
23%
28%
26%
25%
—
V-Marc India Ltd · VMARCIND
-14%
—
14%
—
105%
—
6.4%
—
52%
—
193%
—
97%
—
44%
—
101%
—
98%
—
02 · compare level, then change
Operating Economics & Margin Trend
Polycab India Ltd has the highest OPM among the 10 Cables - Power companies compared here, at 14%. JD Cables Ltd is next at 12%. Diamond Power Infrastructure Ltd has the highest Margin change at +7 percentage points, so level and change sit with different companies. 10 of 10 companies report a comparable reading, the latest through Jun 2026.
What the numbers say: Polycab India Ltd leads opm at 14%; Diamond Power Infrastructure Ltd leads margin change at +7 percentage points.
LeaderPolycab India Ltd · 14%
Gap16.7% versus #2 · JD Cables Ltd
Persistence4/8 recent comparable periods
Coverage10/10 companies · 145 observations
Investor read: Polycab India Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.
This conclusion weakens if: The next two comparable reports reverse the current margin change signal.
Operating margin compares operating profit with revenue. Improvement is measured in percentage points, not percentage growth.
OPMhighest
1Polycab India Ltd POLYCAB14%
2JD Cables Ltd 54452412%
3Apar Industries Ltd APARINDS11%
4Diamond Power Infrastructure Ltd DIACABS11%
5Dynamic Cables Ltd DYCL⚠ unverified11%
Margin changefastest expanders
1Diamond Power Infrastructure Ltd DIACABS+7.0 pp
2Apar Industries Ltd APARINDS+2.0 pp
3Dynamic Cables Ltd DYCL⚠ unverified+1.0 pp
4KEI Industries Ltd KEI+1.0 pp
5R R Kabel Ltd RRKABEL0.0 pp
Operating margin · company comparison
10/10 level · 10/10 change
Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.
All-company data · latest reported quarter
Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
| Company | OPM | Margin change | Reported |
|---|---|---|---|
| Polycab India Ltd POLYCAB | 14% | −1.0 pp | Jun 2026 |
| JD Cables Ltd 544524 | 12% | −1.0 pp | Mar 2026 |
| Apar Industries Ltd APARINDS | 11% | +2.0 pp | Jun 2026 |
| KEI Industries Ltd KEI | 11% | +1.0 pp | Mar 2026 |
| Diamond Power Infrastructure Ltd DIACABS | 11% | +7.0 pp | Mar 2026 |
| V-Marc India Ltd VMARCIND | 11% | 0.0 pp | Mar 2026 |
| Dynamic Cables Ltd DYCL⚠ unverified | 11% | +1.0 pp | Jun 2026 |
| R R Kabel Ltd RRKABEL | 9.0% | 0.0 pp | Mar 2026 |
| Universal Cables Ltd UNIVCABLES | 8.0% | −1.0 pp | Mar 2026 |
| Systematic Industries Ltd 544541 | 7.0% | −1.0 pp | Sep 2025 |
Full 20-quarter history · every available company
OPM · reported quarter history
Apar Industries Ltd · APARINDS
5.6%
5.3%
5.8%
7.7%
7.0%
9.0%
10%
9.0%
9.0%
10%
10%
9.0%
8.0%
8.0%
9.0%
9.0%
8.0%
8.0%
8.0%
11%
Diamond Power Infrastructure Ltd · DIACABS
—
—
—
—
—
—
-95%
15%
14%
5.0%
13%
11%
5.0%
5.0%
4.0%
10%
10%
15%
11%
—
Dynamic Cables Ltd · DYCL⚠ unverified
12%
12%
9.0%
9.0%
8.6%
9.0%
11%
11%
9.0%
9.0%
11%
10%
10%
10%
10%
10%
11%
11%
11%
11%
JD Cables Ltd · 544524
—
—
—
—
—
—
—
—
—
—
—
—
14%
—
13%
—
16%
—
12%
—
KEI Industries Ltd · KEI
11%
10%
9.6%
10%
10.0%
10%
10%
10%
10%
10%
11%
11%
10%
10%
10%
10%
10%
11%
11%
—
Polycab India Ltd · POLYCAB
9.7%
11%
12%
11%
13%
14%
14%
14%
14%
13%
14%
12%
11%
14%
15%
15%
16%
13%
13%
14%
R R Kabel Ltd · RRKABEL
—
—
4.7%
3.2%
4.6%
8.0%
7.0%
7.0%
8.0%
7.0%
7.0%
5.0%
5.0%
6.0%
9.0%
7.0%
8.0%
8.0%
9.0%
—
Systematic Industries Ltd · 544541
—
—
—
—
—
—
—
—
—
—
—
—
8.0%
—
7.0%
—
7.0%
—
—
—
Universal Cables Ltd · UNIVCABLES
3.5%
6.2%
8.0%
8.6%
9.0%
7.0%
9.0%
8.0%
5.0%
9.0%
11%
6.0%
7.0%
6.0%
9.0%
10%
9.0%
8.0%
8.0%
—
V-Marc India Ltd · VMARCIND
9.0%
—
8.0%
—
8.0%
—
12%
—
10%
—
12%
—
10%
—
11%
—
11%
—
11%
—
Margin change · reported quarter history
Apar Industries Ltd · APARINDS
−2.2 pp
−4.1 pp
+0.3 pp
+0.5 pp
+1.4 pp
+3.8 pp
+4.2 pp
+1.3 pp
+2.0 pp
+1.0 pp
0.0 pp
0.0 pp
−1.0 pp
−2.0 pp
−1.0 pp
0.0 pp
0.0 pp
0.0 pp
−1.0 pp
+2.0 pp
Diamond Power Infrastructure Ltd · DIACABS
—
—
—
—
—
—
—
—
—
+1,138.7 pp
+107.9 pp
−4.0 pp
−9.0 pp
0.0 pp
−9.0 pp
−1.0 pp
+5.0 pp
+10.0 pp
+7.0 pp
—
Dynamic Cables Ltd · DYCL⚠ unverified
+4.6 pp
+5.2 pp
+0.6 pp
−1.5 pp
−3.1 pp
−2.7 pp
+2.1 pp
+2.0 pp
+0.4 pp
0.0 pp
0.0 pp
−1.0 pp
+1.0 pp
+1.0 pp
−1.0 pp
0.0 pp
+1.0 pp
+1.0 pp
+1.0 pp
+1.0 pp
JD Cables Ltd · 544524
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
+2.0 pp
—
−1.0 pp
—
KEI Industries Ltd · KEI
−0.6 pp
−0.7 pp
−1.4 pp
−1.0 pp
−0.8 pp
−0.0 pp
+0.4 pp
−0.2 pp
+0.0 pp
0.0 pp
+1.0 pp
+1.0 pp
0.0 pp
0.0 pp
−1.0 pp
−1.0 pp
0.0 pp
+1.0 pp
+1.0 pp
—
Polycab India Ltd · POLYCAB
−5.0 pp
−2.0 pp
−1.7 pp
+4.2 pp
+3.1 pp
+3.3 pp
+2.0 pp
+2.7 pp
+1.2 pp
−1.0 pp
0.0 pp
−2.0 pp
−3.0 pp
+1.0 pp
+1.0 pp
+3.0 pp
+5.0 pp
−1.0 pp
−2.0 pp
−1.0 pp
R R Kabel Ltd · RRKABEL
—
—
—
—
—
—
+2.3 pp
+3.8 pp
+3.4 pp
−1.0 pp
0.0 pp
−2.0 pp
−3.0 pp
−1.0 pp
+2.0 pp
+2.0 pp
+3.0 pp
+2.0 pp
0.0 pp
—
Systematic Industries Ltd · 544541
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
−1.0 pp
—
—
—
Universal Cables Ltd · UNIVCABLES
−2.0 pp
−2.0 pp
+0.5 pp
−2.0 pp
+5.5 pp
+0.9 pp
+1.0 pp
−0.6 pp
−4.0 pp
+2.0 pp
+2.0 pp
−2.0 pp
+2.0 pp
−3.0 pp
−2.0 pp
+4.0 pp
+2.0 pp
+2.0 pp
−1.0 pp
—
V-Marc India Ltd · VMARCIND
+1.0 pp
—
−1.0 pp
—
−1.0 pp
—
+4.0 pp
—
+2.0 pp
—
0.0 pp
—
0.0 pp
—
−1.0 pp
—
+1.0 pp
—
0.0 pp
—
03 · compare level, then change
Profit Scale & Acceleration
Polycab India Ltd has the highest Net profit among the 10 Cables - Power companies compared here, at ₹2,906 crore. Apar Industries Ltd is next at ₹1,181 crore. Diamond Power Infrastructure Ltd has the highest Profit growth at the 100% top of the scoring scale, so level and change sit with different companies.
What the numbers say: Polycab India Ltd leads with ₹2,906 crore of TTM profit, 146.1% above Apar Industries Ltd. Diamond Power Infrastructure Ltd shows ≥100% on the scoring scale (354.3% uncapped) growth from a ₹159 crore profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.
LeaderPolycab India Ltd · ₹2,906 crore
Gap146.1% versus #2 · Apar Industries Ltd
Persistence8/8 recent comparable periods
Coverage8/10 companies · 141 observations
Investor read: Polycab India Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.
This conclusion weakens if: The next two comparable reports reverse the current profit growth signal.
Net profit is the residual after operating costs, interest and tax. Growth off a loss or near-zero base is excluded from the fastest-grower rank.
Net profitlargest
1Polycab India Ltd POLYCAB₹2.9K Cr
2Apar Industries Ltd APARINDS₹1.2K Cr
3KEI Industries Ltd KEI₹919 Cr
4R R Kabel Ltd RRKABEL₹492 Cr
5Universal Cables Ltd UNIVCABLES₹163 Cr
Profit growthfastest growers
1Diamond Power Infrastructure Ltd DIACABS100%
2V-Marc India Ltd VMARCIND100%
3Universal Cables Ltd UNIVCABLES81%
4R R Kabel Ltd RRKABEL58%
5Apar Industries Ltd APARINDS34%
Net profit · company comparison
8/10 level · 8/10 change
Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.
All-company data · latest reported quarter
Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
| Company | Net profit | Profit growth | Reported |
|---|---|---|---|
| Polycab India Ltd POLYCAB | ₹797 Cr | 33% | Jun 2026 |
| Apar Industries Ltd APARINDS | ₹467 Cr | 78% | Jun 2026 |
| KEI Industries Ltd KEI | ₹284 Cr | 25% | Mar 2026 |
| R R Kabel Ltd RRKABEL | ₹168 Cr | 30% | Mar 2026 |
| V-Marc India Ltd VMARCIND | ₹64 Cr | 156% | Mar 2026 |
| Diamond Power Infrastructure Ltd DIACABS | ₹61 Cr | 663% | Mar 2026 |
| Universal Cables Ltd UNIVCABLES | ₹55 Cr | 10% | Mar 2026 |
| Dynamic Cables Ltd DYCL⚠ unverified | ₹25 Cr | 39% | Jun 2026 |
| JD Cables Ltd 544524 | ₹20 Cr | 67% | Mar 2026 |
| Systematic Industries Ltd 544541 | ₹9 Cr | 29% | Sep 2025 |
Full 20-quarter history · every available company
Net profit · reported quarter history
Apar Industries Ltd · APARINDS
₹57 Cr
₹55 Cr
₹83 Cr
₹122 Cr
₹103 Cr
₹170 Cr
₹243 Cr
₹197 Cr
₹174 Cr
₹218 Cr
₹236 Cr
₹203 Cr
₹194 Cr
₹175 Cr
₹250 Cr
₹263 Cr
₹252 Cr
₹209 Cr
₹253 Cr
₹467 Cr
Diamond Power Infrastructure Ltd · DIACABS
₹0 Cr
₹-1 Cr
₹-23 Cr
₹-5 Cr
₹-9 Cr
₹-15 Cr
₹-14 Cr
₹6 Cr
₹2 Cr
₹-5 Cr
₹14 Cr
₹17 Cr
₹4 Cr
₹6 Cr
₹8 Cr
₹20 Cr
₹28 Cr
₹50 Cr
₹61 Cr
—
Dynamic Cables Ltd · DYCL⚠ unverified
—
—
—
—
—
₹7 Cr
₹10 Cr
₹11 Cr
₹5 Cr
₹8 Cr
₹14 Cr
₹12 Cr
₹14 Cr
₹16 Cr
₹24 Cr
₹18 Cr
₹20 Cr
₹22 Cr
₹24 Cr
₹25 Cr
JD Cables Ltd · 544524
—
—
—
—
—
—
—
—
—
—
—
—
₹10 Cr
—
₹12 Cr
—
₹12 Cr
—
₹20 Cr
—
KEI Industries Ltd · KEI
—
—
—
—
—
₹129 Cr
₹138 Cr
₹121 Cr
₹140 Cr
₹151 Cr
₹168 Cr
₹150 Cr
₹155 Cr
₹165 Cr
₹227 Cr
₹196 Cr
₹204 Cr
₹235 Cr
₹284 Cr
—
Polycab India Ltd · POLYCAB
₹201 Cr
₹316 Cr
₹325 Cr
₹223 Cr
₹271 Cr
₹361 Cr
₹429 Cr
₹403 Cr
₹430 Cr
₹417 Cr
₹553 Cr
₹402 Cr
₹445 Cr
₹464 Cr
₹734 Cr
₹600 Cr
₹693 Cr
₹630 Cr
₹786 Cr
₹797 Cr
R R Kabel Ltd · RRKABEL
—
—
₹58 Cr
₹18 Cr
₹35 Cr
₹71 Cr
₹65 Cr
₹74 Cr
₹74 Cr
₹71 Cr
₹79 Cr
₹64 Cr
₹50 Cr
₹69 Cr
₹129 Cr
₹90 Cr
₹116 Cr
₹118 Cr
₹168 Cr
—
Systematic Industries Ltd · 544541
—
—
—
—
—
—
—
—
—
—
—
—
₹7 Cr
—
₹11 Cr
—
₹9 Cr
—
—
—
Universal Cables Ltd · UNIVCABLES
₹8 Cr
₹14 Cr
₹31 Cr
₹27 Cr
₹26 Cr
₹24 Cr
₹41 Cr
₹24 Cr
₹12 Cr
₹24 Cr
₹49 Cr
₹6 Cr
₹18 Cr
₹16 Cr
₹50 Cr
₹33 Cr
₹48 Cr
₹27 Cr
₹55 Cr
—
V-Marc India Ltd · VMARCIND
₹1 Cr
—
₹4 Cr
—
₹2 Cr
—
₹8 Cr
—
₹6 Cr
—
₹21 Cr
—
₹11 Cr
—
₹25 Cr
—
₹36 Cr
—
₹64 Cr
—
Profit growth · reported quarter history
Apar Industries Ltd · APARINDS
—
—
—
97%
81%
209%
193%
61%
69%
28%
-2.9%
3.1%
11%
-20%
5.9%
30%
30%
19%
1.2%
78%
Diamond Power Infrastructure Ltd · DIACABS
—
—
—
—
—
—
—
—
—
—
—
183%
100%
—
-43%
18%
600%
733%
663%
—
Dynamic Cables Ltd · DYCL⚠ unverified
—
—
—
—
—
—
—
—
—
14%
40%
9.1%
180%
100%
71%
50%
43%
38%
0.0%
39%
JD Cables Ltd · 544524
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
20%
—
67%
—
KEI Industries Ltd · KEI
—
—
—
—
—
—
—
—
—
17%
22%
24%
11%
9.3%
35%
31%
32%
42%
25%
—
Polycab India Ltd · POLYCAB
—
—
—
—
35%
14%
32%
81%
59%
16%
29%
-0.3%
3.5%
11%
33%
49%
56%
36%
7.1%
33%
R R Kabel Ltd · RRKABEL
—
—
—
—
—
—
12%
311%
111%
0.0%
22%
-14%
-32%
-2.8%
63%
41%
132%
71%
30%
—
Systematic Industries Ltd · 544541
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
29%
—
—
—
Universal Cables Ltd · UNIVCABLES
—
—
—
23%
225%
71%
32%
-11%
-54%
0.0%
20%
-75%
50%
-33%
2.0%
450%
167%
69%
10%
—
V-Marc India Ltd · VMARCIND
-50%
—
0.0%
—
100%
—
100%
—
200%
—
163%
—
83%
—
19%
—
227%
—
156%
—
04 · compare level, then change
Capacity Spending & Returns On It
Polycab India Ltd has the highest CAPEX among the 10 Cables - Power companies compared here, at ₹313 crore. R R Kabel Ltd is next at ₹39 crore. V-Marc India Ltd has the highest CAPEX intensity at 4.3%, so level and change sit with different companies. 3 of 10 companies report a comparable reading, the latest through Jun 2026.
What the numbers say: Polycab India Ltd reports ₹313 crore of CAPEX; V-Marc India Ltd has the highest covered intensity at 4.3%. Coverage is only 3 of 10 companies and 35 reported observations, so this is partial evidence—not a complete sector rank.
LeaderPolycab India Ltd · ₹313 crore
Gap702.6% versus #2 · R R Kabel Ltd
Persistence8/8 recent comparable periods
Coverage3/10 companies · 35 observations
Investor read: Use the CAPEX rank as a diligence queue. Verify commissioning, utilization, cash conversion and post-investment ROCE before treating spend as value creation.
This conclusion weakens if: CAPEX rises without higher utilization, operating cash flow or incremental returns.
CAPEX is cash spent on property, plant, equipment and other reported capital assets. CAPEX intensity divides that spend by revenue; high intensity is a reinvestment signal, not proof that the reinvestment will earn attractive returns.
CAPEXlargest spenders
1Polycab India Ltd POLYCAB₹313 Cr
2R R Kabel Ltd RRKABEL₹39 Cr
3V-Marc India Ltd VMARCIND₹24 Cr
CAPEX intensityhighest reinvestment intensity
1V-Marc India Ltd VMARCIND4.3%
2Polycab India Ltd POLYCAB3.8%
3R R Kabel Ltd RRKABEL2.4%
Capital expenditure · company comparison
3/10 level · 3/10 change
Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.
All-company data · latest reported quarter
Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
| Company | CAPEX | CAPEX intensity | Reported |
|---|---|---|---|
| Polycab India Ltd POLYCAB | ₹313 Cr | 3.8% | Jun 2026 |
| R R Kabel Ltd RRKABEL | ₹39 Cr | 2.4% | Mar 2026 |
| V-Marc India Ltd VMARCIND | ₹24 Cr | 4.3% | Mar 2026 |
Full 20-quarter history · every available company
CAPEX · reported quarter history
Polycab India Ltd · POLYCAB
₹153 Cr
₹97 Cr
₹276 Cr
₹104 Cr
₹97 Cr
₹164 Cr
₹113 Cr
₹150 Cr
₹202 Cr
₹278 Cr
₹223 Cr
₹282 Cr
₹294 Cr
₹256 Cr
₹138 Cr
₹414 Cr
₹338 Cr
₹341 Cr
₹387 Cr
₹313 Cr
R R Kabel Ltd · RRKABEL
—
—
₹23 Cr
₹23 Cr
₹18 Cr
₹40 Cr
₹27 Cr
₹25 Cr
₹39 Cr
—
—
—
—
—
—
—
—
—
—
—
V-Marc India Ltd · VMARCIND
₹0 Cr
—
₹2 Cr
—
₹17 Cr
—
₹35 Cr
—
₹32 Cr
—
₹30 Cr
—
₹34 Cr
—
₹24 Cr
—
—
—
—
—
CAPEX intensity · reported quarter history
Polycab India Ltd · POLYCAB
5.1%
2.9%
7.0%
3.8%
2.9%
4.4%
2.6%
3.9%
4.8%
6.4%
4.0%
6.0%
5.3%
4.9%
2.0%
7.0%
5.2%
4.5%
4.4%
3.8%
R R Kabel Ltd · RRKABEL
—
—
1.6%
1.9%
1.3%
2.7%
1.8%
1.6%
2.4%
—
—
—
—
—
—
—
—
—
—
—
V-Marc India Ltd · VMARCIND
0.0%
—
1.6%
—
15%
—
26%
—
18%
—
7.7%
—
9.9%
—
4.3%
—
—
—
—
—
Annual capital allocation · 10-year view
10/10 capacity base · 10/10 OCF · 10/10 CAPEX · 10/10 FCF
Capacity base is net fixed assets plus capital work in progress, straight off the reported balance sheet. It is not cash spent, so it answers a narrower question than CAPEX — but it is reported for companies whose cash-flow CAPEX is not published, which is why it leads here. Missing years remain blank; annual values are never relabelled as quarters.
Full annual capacity base, operating cash flow, CAPEX and free cash flow history
Capacity base · net fixed assets + CWIP · fiscal-year history
Apar Industries Ltd · APARINDS
₹602 Cr
₹669 Cr
₹812 Cr
₹940 Cr
₹907 Cr
₹919 Cr
₹1.0K Cr
₹1.3K Cr
₹1.7K Cr
₹2.3K Cr
Diamond Power Infrastructure Ltd · DIACABS
₹1.4K Cr
—
—
—
—
—
—
₹1.3K Cr
₹1.3K Cr
₹1.4K Cr
Dynamic Cables Ltd · DYCL⚠ unverified
₹28 Cr
₹56 Cr
₹58 Cr
₹56 Cr
₹55 Cr
₹53 Cr
₹59 Cr
₹70 Cr
₹84 Cr
₹130 Cr
JD Cables Ltd · 544524
—
—
—
—
₹2 Cr
₹2 Cr
₹2 Cr
₹3 Cr
₹10 Cr
₹27 Cr
KEI Industries Ltd · KEI
₹408 Cr
₹430 Cr
₹521 Cr
₹565 Cr
₹544 Cr
₹548 Cr
₹582 Cr
₹891 Cr
₹1.4K Cr
₹2.7K Cr
Polycab India Ltd · POLYCAB
₹1.3K Cr
₹1.3K Cr
₹1.5K Cr
₹1.7K Cr
₹2.0K Cr
₹2.1K Cr
₹2.3K Cr
₹2.9K Cr
₹3.7K Cr
₹4.9K Cr
R R Kabel Ltd · RRKABEL
—
—
—
₹406 Cr
₹406 Cr
₹441 Cr
₹561 Cr
₹699 Cr
₹1.0K Cr
₹1.2K Cr
Systematic Industries Ltd · 544541
—
—
—
₹10 Cr
₹13 Cr
₹11 Cr
₹27 Cr
₹47 Cr
₹62 Cr
—
Universal Cables Ltd · UNIVCABLES
₹134 Cr
₹139 Cr
₹157 Cr
₹189 Cr
₹187 Cr
₹169 Cr
₹172 Cr
₹200 Cr
₹290 Cr
₹554 Cr
V-Marc India Ltd · VMARCIND
₹9 Cr
—
—
₹20 Cr
₹21 Cr
₹21 Cr
₹70 Cr
₹123 Cr
₹163 Cr
₹231 Cr
Operating cash flow · fiscal-year history
Apar Industries Ltd · APARINDS
₹312 Cr
₹225 Cr
₹632 Cr
₹94 Cr
₹281 Cr
₹244 Cr
₹698 Cr
₹-283 Cr
₹1.3K Cr
₹968 Cr
Diamond Power Infrastructure Ltd · DIACABS
₹-258 Cr
—
—
—
—
₹9 Cr
₹442 Cr
₹16 Cr
₹77 Cr
₹-80 Cr
Dynamic Cables Ltd · DYCL⚠ unverified
₹22 Cr
₹-23 Cr
₹18 Cr
₹40 Cr
₹17 Cr
₹64 Cr
₹27 Cr
₹1 Cr
₹56 Cr
₹62 Cr
JD Cables Ltd · 544524
—
—
—
—
₹0 Cr
₹0 Cr
₹1 Cr
₹-13 Cr
₹-18 Cr
₹-74 Cr
KEI Industries Ltd · KEI
₹-29 Cr
₹191 Cr
₹623 Cr
₹-13 Cr
₹154 Cr
₹229 Cr
₹514 Cr
₹610 Cr
₹-32 Cr
₹840 Cr
Polycab India Ltd · POLYCAB
₹296 Cr
₹362 Cr
₹1.2K Cr
₹244 Cr
₹1.3K Cr
₹512 Cr
₹1.4K Cr
₹1.3K Cr
₹1.8K Cr
₹3.8K Cr
R R Kabel Ltd · RRKABEL
—
—
—
₹216 Cr
₹-71 Cr
₹98 Cr
₹454 Cr
₹339 Cr
₹494 Cr
₹295 Cr
Systematic Industries Ltd · 544541
—
—
—
₹-2 Cr
₹2 Cr
₹-1 Cr
₹-7 Cr
₹15 Cr
₹8 Cr
—
Universal Cables Ltd · UNIVCABLES
₹70 Cr
₹-42 Cr
₹-59 Cr
₹38 Cr
₹90 Cr
₹-12 Cr
₹143 Cr
₹33 Cr
₹176 Cr
₹63 Cr
V-Marc India Ltd · VMARCIND
₹3 Cr
—
—
₹10 Cr
₹2 Cr
₹-3 Cr
₹34 Cr
₹57 Cr
₹23 Cr
₹109 Cr
CAPEX · reported cash flow · fiscal-year history
Apar Industries Ltd · APARINDS
₹193 Cr
₹123 Cr
₹210 Cr
₹215 Cr
₹60 Cr
₹110 Cr
₹234 Cr
₹382 Cr
₹487 Cr
₹747 Cr
Diamond Power Infrastructure Ltd · DIACABS
₹5 Cr
—
—
—
—
—
—
—
₹68 Cr
₹81 Cr
Dynamic Cables Ltd · DYCL⚠ unverified
₹11 Cr
₹30 Cr
₹10 Cr
₹7 Cr
₹7 Cr
₹6 Cr
₹14 Cr
₹20 Cr
₹25 Cr
₹58 Cr
JD Cables Ltd · 544524
—
—
—
—
—
₹0 Cr
₹0 Cr
₹1 Cr
₹8 Cr
₹18 Cr
KEI Industries Ltd · KEI
₹79 Cr
₹54 Cr
₹125 Cr
₹101 Cr
₹37 Cr
₹59 Cr
₹91 Cr
₹370 Cr
₹557 Cr
₹1.4K Cr
Polycab India Ltd · POLYCAB
₹298 Cr
₹173 Cr
₹277 Cr
₹355 Cr
₹482 Cr
₹283 Cr
₹477 Cr
₹843 Cr
₹1.1K Cr
₹1.5K Cr
R R Kabel Ltd · RRKABEL
—
—
—
—
₹45 Cr
₹81 Cr
₹180 Cr
₹203 Cr
₹375 Cr
₹333 Cr
Systematic Industries Ltd · 544541
—
—
—
—
₹5 Cr
₹0 Cr
₹18 Cr
₹23 Cr
₹19 Cr
—
Universal Cables Ltd · UNIVCABLES
—
₹26 Cr
₹39 Cr
₹55 Cr
₹24 Cr
₹6 Cr
₹25 Cr
₹52 Cr
₹117 Cr
₹303 Cr
V-Marc India Ltd · VMARCIND
₹4 Cr
—
—
—
₹3 Cr
₹3 Cr
₹52 Cr
₹62 Cr
₹58 Cr
₹93 Cr
Free cash flow · fiscal-year history
Apar Industries Ltd · APARINDS
₹119 Cr
₹102 Cr
₹422 Cr
₹-121 Cr
₹221 Cr
₹134 Cr
₹464 Cr
₹-665 Cr
₹804 Cr
₹221 Cr
Diamond Power Infrastructure Ltd · DIACABS
₹-263 Cr
—
—
—
—
—
—
—
₹9 Cr
₹-161 Cr
Dynamic Cables Ltd · DYCL⚠ unverified
₹11 Cr
₹-53 Cr
₹8 Cr
₹33 Cr
₹10 Cr
₹58 Cr
₹13 Cr
₹-19 Cr
₹31 Cr
₹4 Cr
JD Cables Ltd · 544524
—
—
—
—
—
₹0 Cr
₹1 Cr
₹-14 Cr
₹-26 Cr
₹-92 Cr
KEI Industries Ltd · KEI
₹-108 Cr
₹137 Cr
₹498 Cr
₹-114 Cr
₹117 Cr
₹170 Cr
₹423 Cr
₹240 Cr
₹-589 Cr
₹-561 Cr
Polycab India Ltd · POLYCAB
₹-2 Cr
₹189 Cr
₹953 Cr
₹-111 Cr
₹770 Cr
₹229 Cr
₹951 Cr
₹453 Cr
₹708 Cr
₹2.3K Cr
R R Kabel Ltd · RRKABEL
—
—
—
—
₹-116 Cr
₹17 Cr
₹274 Cr
₹136 Cr
₹119 Cr
₹-38 Cr
Systematic Industries Ltd · 544541
—
—
—
—
₹-3 Cr
₹-1 Cr
₹-25 Cr
₹-8 Cr
₹-11 Cr
—
Universal Cables Ltd · UNIVCABLES
—
₹-68 Cr
₹-98 Cr
₹-17 Cr
₹66 Cr
₹-18 Cr
₹118 Cr
₹-19 Cr
₹59 Cr
₹-240 Cr
V-Marc India Ltd · VMARCIND
₹-1 Cr
—
—
—
₹-1 Cr
₹-6 Cr
₹-18 Cr
₹-5 Cr
₹-35 Cr
₹16 Cr
05 · compare level, then change
Debt Load & Balance-Sheet Headroom
Dynamic Cables Ltd has the lowest Gross debt among the 10 Cables - Power companies compared here, at ₹43 crore. JD Cables Ltd is next at ₹57 crore. Polycab India Ltd has the lowest Net debt at ₹3,815 crore net cash, so level and change sit with different companies.
What the numbers say: Polycab India Ltd has the clearest covered balance-sheet capacity with ₹3,815 crore net cash and gross debt of ₹213 crore. Absolute debt alone does not identify the strongest balance sheet because company scale differs; net debt and debt-to-equity carry more information.
LeaderDynamic Cables Ltd · ₹43 crore
Gap24.6% versus #2 · JD Cables Ltd
Persistence2/8 recent comparable periods
Coverage10/10 companies · 136 observations
Investor read: Prioritize net-cash capacity and leverage relative to operating scale, not the smallest absolute rupee debt.
This conclusion weakens if: Net debt rises faster than revenue and profit for two consecutive reported periods.
Gross debt shows contractual borrowings. Net debt subtracts reported cash; a negative value means net cash. Lower debt can create capacity, but should be read against the scale and capital intensity of the business.
Gross debtlowest gross debt
1Dynamic Cables Ltd DYCL⚠ unverified₹43 Cr
2JD Cables Ltd 544524₹57 Cr
3Systematic Industries Ltd 544541 · older report₹100 Cr
4Polycab India Ltd POLYCAB₹213 Cr
5V-Marc India Ltd VMARCIND₹214 Cr
Net debtlowest net debt
1Polycab India Ltd POLYCAB₹-3.8K Cr
2Dynamic Cables Ltd DYCL⚠ unverified₹1 Cr
3Apar Industries Ltd APARINDS₹180 Cr
4R R Kabel Ltd RRKABEL₹201 Cr
5V-Marc India Ltd VMARCIND₹205 Cr
Debt and balance-sheet capacity · company comparison
10/10 level · 7/10 change
Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.
All-company data · latest reported quarter
Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
| Company | Gross debt | Net debt | Reported |
|---|---|---|---|
| Diamond Power Infrastructure Ltd DIACABS | ₹2.5K Cr | ₹2.4K Cr | Mar 2026 |
| Universal Cables Ltd UNIVCABLES | ₹1.2K Cr | ₹1.2K Cr | Mar 2026 |
| Apar Industries Ltd APARINDS | ₹956 Cr | ₹180 Cr | Jun 2026 |
| R R Kabel Ltd RRKABEL | ₹337 Cr | ₹201 Cr | Mar 2026 |
| KEI Industries Ltd KEI | ₹253 Cr | — | Mar 2026 |
| V-Marc India Ltd VMARCIND | ₹214 Cr | ₹205 Cr | Mar 2026 |
| Polycab India Ltd POLYCAB | ₹213 Cr | ₹-3.8K Cr | Jun 2026 |
| Systematic Industries Ltd 544541 | ₹100 Cr | — | Sep 2025 |
| JD Cables Ltd 544524 | ₹57 Cr | — | Mar 2026 |
| Dynamic Cables Ltd DYCL⚠ unverified | ₹43 Cr | ₹1 Cr | Jun 2026 |
Full 20-quarter history · every available company
Gross debt · reported quarter history
Apar Industries Ltd · APARINDS
₹407 Cr
₹407 Cr
₹359 Cr
₹320 Cr
₹403 Cr
₹403 Cr
₹376 Cr
₹376 Cr
₹416 Cr
₹416 Cr
₹476 Cr
₹476 Cr
₹543 Cr
₹543 Cr
₹585 Cr
₹585 Cr
₹704 Cr
₹704 Cr
₹956 Cr
—
Diamond Power Infrastructure Ltd · DIACABS
—
—
₹2.0K Cr
—
₹396 Cr
₹396 Cr
₹2.3K Cr
₹367 Cr
₹2.4K Cr
₹2.4K Cr
₹456 Cr
₹2.4K Cr
₹2.4K Cr
₹2.4K Cr
₹463 Cr
₹2.4K Cr
₹610 Cr
₹2.5K Cr
₹2.5K Cr
—
Dynamic Cables Ltd · DYCL⚠ unverified
₹104 Cr
₹104 Cr
₹77 Cr
₹77 Cr
₹92 Cr
₹92 Cr
₹82 Cr
₹82 Cr
₹113 Cr
₹113 Cr
₹119 Cr
₹119 Cr
₹118 Cr
₹118 Cr
₹59 Cr
₹59 Cr
₹77 Cr
₹77 Cr
₹43 Cr
₹43 Cr
JD Cables Ltd · 544524
—
—
₹5 Cr
—
—
—
₹4 Cr
—
—
—
₹18 Cr
—
—
—
₹46 Cr
—
₹43 Cr
—
₹57 Cr
—
KEI Industries Ltd · KEI
—
—
₹355 Cr
—
—
—
₹162 Cr
—
—
—
₹166 Cr
—
—
—
₹217 Cr
—
₹235 Cr
—
₹253 Cr
—
Polycab India Ltd · POLYCAB
₹273 Cr
₹116 Cr
₹118 Cr
₹117 Cr
₹139 Cr
₹181 Cr
₹191 Cr
₹252 Cr
₹213 Cr
₹166 Cr
₹161 Cr
₹186 Cr
₹193 Cr
₹219 Cr
₹202 Cr
₹205 Cr
₹223 Cr
₹237 Cr
₹236 Cr
₹213 Cr
R R Kabel Ltd · RRKABEL
—
—
₹533 Cr
₹533 Cr
—
₹479 Cr
₹996 Cr
₹473 Cr
₹440 Cr
₹440 Cr
₹360 Cr
₹360 Cr
₹474 Cr
₹474 Cr
₹290 Cr
₹290 Cr
₹393 Cr
₹393 Cr
₹337 Cr
—
Systematic Industries Ltd · 544541
—
—
₹36 Cr
—
—
—
₹62 Cr
—
—
—
₹79 Cr
—
—
—
₹99 Cr
—
₹100 Cr
—
—
—
Universal Cables Ltd · UNIVCABLES
₹639 Cr
₹639 Cr
₹694 Cr
₹694 Cr
₹748 Cr
₹748 Cr
₹657 Cr
₹657 Cr
₹761 Cr
₹761 Cr
₹771 Cr
₹771 Cr
₹827 Cr
₹827 Cr
₹849 Cr
₹849 Cr
₹1.0K Cr
₹1.0K Cr
₹1.2K Cr
—
V-Marc India Ltd · VMARCIND
—
—
₹57 Cr
—
₹62 Cr
—
₹76 Cr
—
₹136 Cr
—
₹140 Cr
—
₹161 Cr
—
₹175 Cr
—
₹243 Cr
—
₹214 Cr
—
Net debt · reported quarter history
Apar Industries Ltd · APARINDS
₹134 Cr
₹134 Cr
₹65 Cr
₹37 Cr
₹73 Cr
₹73 Cr
₹-182 Cr
₹-182 Cr
₹-41 Cr
₹-41 Cr
₹-116 Cr
₹-173 Cr
₹-26 Cr
₹-26 Cr
₹-316 Cr
₹-316 Cr
₹320 Cr
₹320 Cr
₹180 Cr
—
Diamond Power Infrastructure Ltd · DIACABS
—
—
₹2.1K Cr
—
₹372 Cr
₹372 Cr
₹2.3K Cr
₹361 Cr
₹2.4K Cr
₹2.4K Cr
₹2.4K Cr
₹2.3K Cr
₹2.3K Cr
₹2.3K Cr
₹2.3K Cr
₹2.3K Cr
₹2.5K Cr
₹2.5K Cr
₹2.4K Cr
—
Dynamic Cables Ltd · DYCL⚠ unverified
₹78 Cr
₹78 Cr
₹77 Cr
₹77 Cr
₹60 Cr
₹60 Cr
₹82 Cr
₹82 Cr
₹80 Cr
₹80 Cr
₹118 Cr
₹118 Cr
₹10 Cr
₹10 Cr
₹15 Cr
₹15 Cr
₹-6 Cr
₹-6 Cr
₹1 Cr
₹1 Cr
Polycab India Ltd · POLYCAB
₹-631 Cr
₹-384 Cr
₹-1.1K Cr
₹-552 Cr
₹-1.6K Cr
₹-1.8K Cr
₹-1.9K Cr
₹-975 Cr
₹-1.5K Cr
₹-1.8K Cr
₹-2.0K Cr
₹-1.5K Cr
₹-2.3K Cr
₹-1.6K Cr
₹-2.2K Cr
₹-2.8K Cr
₹-2.6K Cr
₹-2.9K Cr
₹-3.6K Cr
₹-3.8K Cr
R R Kabel Ltd · RRKABEL
—
—
₹315 Cr
₹315 Cr
—
₹206 Cr
₹214 Cr
₹179 Cr
₹74 Cr
₹74 Cr
₹43 Cr
₹43 Cr
₹197 Cr
₹197 Cr
₹22 Cr
₹22 Cr
₹366 Cr
₹366 Cr
₹201 Cr
—
Universal Cables Ltd · UNIVCABLES
₹630 Cr
₹630 Cr
₹690 Cr
₹690 Cr
₹738 Cr
₹738 Cr
₹654 Cr
₹653 Cr
₹755 Cr
₹755 Cr
₹766 Cr
₹766 Cr
₹819 Cr
₹819 Cr
₹841 Cr
₹841 Cr
₹1.0K Cr
₹1.0K Cr
₹1.2K Cr
—
V-Marc India Ltd · VMARCIND
—
—
₹57 Cr
—
₹62 Cr
—
₹76 Cr
—
₹133 Cr
—
₹141 Cr
—
₹161 Cr
—
₹173 Cr
—
₹219 Cr
—
₹205 Cr
—
06 · compare level, then change
Return On Capital Employed
V-Marc India Ltd has the highest ROCE among the 10 Cables - Power companies compared here, at 41.4%. JD Cables Ltd is next at 33.6%. The same company also holds the highest ROCE change, at +13.8 percentage points. 10 of 10 companies report a comparable reading, the latest through Mar 2026.
What the numbers say: V-Marc India Ltd leads ROCE at 41.4%, 7.8 percentage points above JD Cables Ltd. V-Marc India Ltd has the strongest latest improvement at +13.8 percentage points. Read the leader beside the density of its reported history: a sparse high return is a candidate; a repeated high return is evidence of durability.
LeaderV-Marc India Ltd · 41.4%
Gap23.2% versus #2 · JD Cables Ltd
Persistence5/7 recent comparable periods
Coverage10/10 companies · 112 observations
Investor read: V-Marc India Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.
This conclusion weakens if: The next two comparable reports reverse the current roce change signal.
ROCE asks how much operating return the business earns on the capital employed. Direction matters, but a single exceptional year should not be mistaken for durability.
ROCEhighest
1V-Marc India Ltd VMARCIND41%
2JD Cables Ltd 54452434%
3Polycab India Ltd POLYCAB33%
4Apar Industries Ltd APARINDS31%
5R R Kabel Ltd RRKABEL28%
ROCE changefastest improvers
1V-Marc India Ltd VMARCIND+13.8 pp
2Diamond Power Infrastructure Ltd DIACABS+7.1 pp
3R R Kabel Ltd RRKABEL+6.9 pp
4Polycab India Ltd POLYCAB+4.6 pp
5Universal Cables Ltd UNIVCABLES+2.1 pp
Return on capital · company comparison
10/10 level · 10/10 change
Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.
All-company data · latest reported quarter
Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
| Company | ROCE | ROCE change | Reported |
|---|---|---|---|
| V-Marc India Ltd VMARCIND | 44% | +13.8 pp | Mar 2026 |
| Polycab India Ltd POLYCAB | 32% | +4.6 pp | Jun 2026 |
| Dynamic Cables Ltd DYCL⚠ unverified | 31% | −4.4 pp | Jun 2026 |
| Apar Industries Ltd APARINDS | 28% | −1.0 pp | Jun 2026 |
| R R Kabel Ltd RRKABEL | 25% | +6.9 pp | Mar 2026 |
| KEI Industries Ltd KEI | 17% | +0.9 pp | Mar 2026 |
| Diamond Power Infrastructure Ltd DIACABS | 11% | +7.1 pp | Mar 2026 |
| Universal Cables Ltd UNIVCABLES | 8.4% | +2.1 pp | Mar 2026 |
Full 20-quarter history · every available company
ROCE · reported quarter history
Apar Industries Ltd · APARINDS
23%
—
22%
—
33%
—
46%
—
49%
61%
33%
45%
32%
41%
29%
35%
31%
35%
28%
—
Diamond Power Infrastructure Ltd · DIACABS
—
—
3.5%
—
-2.2%
—
-3.1%
—
-1.2%
—
1.8%
2.7%
2.6%
3.8%
3.5%
3.9%
4.6%
8.3%
11%
—
Dynamic Cables Ltd · DYCL⚠ unverified
23%
—
30%
—
29%
—
29%
—
30%
34%
31%
35%
23%
34%
25%
36%
26%
32%
25%
31%
KEI Industries Ltd · KEI
23%
—
24%
—
25%
—
24%
—
24%
—
—
—
17%
—
16%
—
16%
—
17%
—
Polycab India Ltd · POLYCAB
19%
19%
19%
22%
23%
24%
24%
27%
27%
26%
26%
25%
25%
25%
26%
27%
30%
30%
30%
32%
R R Kabel Ltd · RRKABEL
—
—
4.9%
—
—
16%
17%
20%
21%
27%
21%
25%
16%
20%
18%
24%
22%
29%
25%
—
Universal Cables Ltd · UNIVCABLES
5.5%
—
5.8%
—
8.5%
—
8.3%
—
6.1%
11%
6.2%
9.9%
6.6%
9.4%
6.3%
11%
7.8%
12%
8.4%
—
V-Marc India Ltd · VMARCIND
—
—
16%
—
21%
—
24%
—
24%
—
34%
—
38%
—
30%
—
35%
—
44%
—
ROCE change · reported quarter history
Apar Industries Ltd · APARINDS
—
—
—
—
+9.4 pp
—
+23.7 pp
—
+16.2 pp
—
−12.8 pp
—
−17.0 pp
−20.7 pp
−3.9 pp
−10.2 pp
−1.3 pp
−5.5 pp
−1.0 pp
—
Diamond Power Infrastructure Ltd · DIACABS
—
—
—
—
—
—
−6.6 pp
—
+1.0 pp
—
+4.9 pp
—
+3.8 pp
—
+1.7 pp
+1.2 pp
+2.0 pp
+4.5 pp
+7.1 pp
—
Dynamic Cables Ltd · DYCL⚠ unverified
—
—
—
—
+6.6 pp
—
−1.1 pp
—
+0.5 pp
—
+1.6 pp
—
−6.4 pp
+0.3 pp
−5.9 pp
+0.8 pp
+2.3 pp
−1.7 pp
+0.4 pp
−4.4 pp
KEI Industries Ltd · KEI
—
—
—
—
+1.5 pp
—
+0.1 pp
—
−0.6 pp
—
—
—
−7.5 pp
—
—
—
−0.9 pp
—
+0.9 pp
—
Polycab India Ltd · POLYCAB
—
—
—
—
+3.8 pp
+5.3 pp
+5.3 pp
+5.3 pp
+4.2 pp
+2.5 pp
+2.3 pp
−1.9 pp
−2.2 pp
−1.1 pp
−0.4 pp
+1.7 pp
+4.5 pp
+4.7 pp
+3.7 pp
+4.6 pp
R R Kabel Ltd · RRKABEL
—
—
—
—
—
—
+12.2 pp
—
—
+10.4 pp
+3.5 pp
+4.5 pp
−5.1 pp
−6.5 pp
−2.2 pp
−0.7 pp
+6.0 pp
+9.1 pp
+6.9 pp
—
Universal Cables Ltd · UNIVCABLES
—
—
—
—
+3.0 pp
—
+2.5 pp
—
−2.4 pp
—
−2.1 pp
—
+0.5 pp
−1.9 pp
+0.1 pp
+0.7 pp
+1.2 pp
+2.9 pp
+2.1 pp
—
V-Marc India Ltd · VMARCIND
—
—
—
—
—
—
+8.5 pp
—
+3.4 pp
—
+10.0 pp
—
+14.3 pp
—
−4.5 pp
—
−2.9 pp
—
+13.8 pp
—
07 · compare level, then change
Valuation Against Growth & Quality
V-Marc India Ltd has the lowest Guarded PEG among the 10 Cables - Power companies compared here, at 0.68×. Universal Cables Ltd is next at 1.26×. JD Cables Ltd has the lowest P/E at 15×, so level and change sit with different companies. 6 of 10 companies report a comparable reading, the latest through Mar 2026.
What the numbers say: V-Marc India Ltd has the lowest comparable Guarded PEG at 0.68×, 46% below Universal Cables Ltd. Only 6 of 10 companies pass the guard, so no broad “cheapest stock” conclusion is defensible unless the current multiple, own-history position and growth durability agree.
LeaderV-Marc India Ltd · 0.68×
Gap46% versus #2 · Universal Cables Ltd
Persistence0/8 recent comparable periods
Coverage6/10 companies · 50 observations
Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.
This conclusion weakens if: The next two comparable reports reverse the current p/e signal.
PEG is shown only when earnings are positive and three-year EPS growth is between 5% and 60%. It is recomputed consistently as the trailing P/E divided by that growth rate — reported earnings, never an expected-earnings multiple. On Indian companies it is shown only where the two data sources reconciled. A missing PEG is more honest than a low-base fiction.
Guarded PEGlowest PEG
1V-Marc India Ltd VMARCIND0.7
2Universal Cables Ltd UNIVCABLES1.3
3KEI Industries Ltd KEI1.6
4Polycab India Ltd POLYCAB1.9
5R R Kabel Ltd RRKABEL2.5
P/Elowest P/E
1JD Cables Ltd 54452415.0
2Dynamic Cables Ltd DYCL⚠ unverified21.4
3Universal Cables Ltd UNIVCABLES26.3
4Systematic Industries Ltd 544541 · older report26.8
5V-Marc India Ltd VMARCIND41.0
Valuation · company comparison
6/10 level · 10/10 change
Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.
All-company data · latest reported quarter
Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
| Company | Guarded PEG | P/E | Reported |
|---|---|---|---|
| Diamond Power Infrastructure Ltd DIACABS | 13.4 | 61.5 | Mar 2026 |
| Apar Industries Ltd APARINDS | 2.9 | 64.3 | Jun 2026 |
| R R Kabel Ltd RRKABEL | 2.5 | 31.8 | Mar 2026 |
| Polycab India Ltd POLYCAB | 1.9 | 57.0 | Jun 2026 |
| KEI Industries Ltd KEI | 1.6 | 45.8 | Mar 2026 |
| Universal Cables Ltd UNIVCABLES | 1.3 | 14.2 | Mar 2026 |
| V-Marc India Ltd VMARCIND | 0.7 | 14.2 | Mar 2026 |
| JD Cables Ltd 544524 | — | 0.1 | Mar 2026 |
| Dynamic Cables Ltd DYCL⚠ unverified | — | 22.1 | Jun 2026 |
Full 20-quarter history · every available company
Guarded PEG · reported quarter history
Apar Industries Ltd · APARINDS
—
—
—
—
0.5
0.4
—
—
—
—
—
1.6
1.8
—
—
—
7.5
3.5
1.9
2.9
Diamond Power Infrastructure Ltd · DIACABS
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
13.4
—
—
—
—
KEI Industries Ltd · KEI
—
—
—
—
—
0.9
1.1
1.6
2.4
2.4
2.7
3.2
2.7
3.5
2.9
3.2
3.2
2.7
1.6
—
Polycab India Ltd · POLYCAB
3.0
2.3
3.2
—
2.3
2.7
—
—
1.2
1.0
1.1
—
2.7
5.3
4.1
4.1
2.1
1.3
5.1
1.9
R R Kabel Ltd · RRKABEL
—
—
—
—
—
—
—
—
—
—
3.2
—
—
—
—
—
2.5
—
—
—
Universal Cables Ltd · UNIVCABLES
0.1
—
—
0.6
—
0.6
0.4
0.2
0.3
—
0.9
—
—
—
—
—
—
—
1.3
—
V-Marc India Ltd · VMARCIND
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
0.7
—
—
—
P/E · reported quarter history
Apar Industries Ltd · APARINDS
10.1
12.0
11.1
14.5
15.7
18.9
20.1
20.8
29.4
29.6
32.5
40.4
45.5
47.5
27.6
41.3
38.1
36.9
43.0
64.3
Diamond Power Infrastructure Ltd · DIACABS
—
—
—
—
—
—
—
-316.1
-8.1
—
155.6
242.4
251.5
277.2
121.0
196.1
209.4
119.6
61.5
—
Dynamic Cables Ltd · DYCL⚠ unverified
15.9
10.1
10.1
7.2
9.9
13.0
12.5
25.4
28.3
28.8
24.0
33.7
32.2
48.3
24.3
34.7
27.0
21.2
14.6
22.1
JD Cables Ltd · 544524
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
0.0
—
0.1
—
KEI Industries Ltd · KEI
29.7
32.8
31.0
28.2
31.6
30.9
33.6
43.7
48.4
55.5
56.7
68.6
62.1
62.8
41.5
50.6
51.5
52.8
45.8
—
Polycab India Ltd · POLYCAB
42.9
45.2
45.8
37.2
38.9
36.3
36.9
43.8
55.2
51.1
45.7
59.0
59.5
59.9
42.1
50.5
49.7
46.2
40.5
57.0
R R Kabel Ltd · RRKABEL
—
—
—
—
—
—
—
—
71.6
30.8
56.1
63.1
66.8
59.2
41.0
49.2
40.9
41.3
31.8
—
Universal Cables Ltd · UNIVCABLES
6.5
7.2
6.3
6.3
9.3
10.6
11.5
11.4
14.5
17.8
15.7
22.4
26.3
28.6
19.5
28.9
21.3
20.9
14.2
—
V-Marc India Ltd · VMARCIND
134.6
—
17.2
—
12.0
—
8.7
—
19.1
—
7.8
—
28.8
—
13.3
—
17.1
—
14.2
—
08 · compare level, then change
Enterprise Value & Book Value
V-Marc India Ltd has the lowest EV/EBITDA among the 10 Cables - Power companies compared here, at 8.15×. JD Cables Ltd is next at 8.6×. Universal Cables Ltd has the lowest P/BV at 2.27×, so level and change sit with different companies. 9 of 10 companies report a comparable reading, the latest through Mar 2026.
What the numbers say: V-Marc India Ltd leads ev/ebitda at 8.15×; Universal Cables Ltd leads p/bv at 2.27×.
LeaderV-Marc India Ltd · 8.15×
Gap5.2% versus #2 · JD Cables Ltd
Persistence0/8 recent comparable periods
Coverage9/10 companies · 128 observations
Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.
This conclusion weakens if: The next two comparable reports reverse the current p/bv signal.
EV/EBITDA includes debt in enterprise value and is useful across different capital structures. P/BV prices the company against its own book. Both are market multiples on reported figures, not intrinsic-value estimates and not forecasts.
EV/EBITDAlowest EV/EBITDA
1V-Marc India Ltd VMARCIND8.2
2JD Cables Ltd 5445248.6
3Universal Cables Ltd UNIVCABLES9.3
4Dynamic Cables Ltd DYCL⚠ unverified13.8
5R R Kabel Ltd RRKABEL19.6
P/BVlowest P/BV
1Universal Cables Ltd UNIVCABLES2.3
2JD Cables Ltd 5445243.3
3Dynamic Cables Ltd DYCL⚠ unverified4.3
4KEI Industries Ltd KEI7.0
5Apar Industries Ltd APARINDS10.3
Enterprise and book valuation · company comparison
9/10 level · 8/10 change
Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.
All-company data · latest reported quarter
Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
| Company | EV/EBITDA | P/BV | Reported |
|---|---|---|---|
| Diamond Power Infrastructure Ltd DIACABS | 39.0 | -10.4 | Mar 2026 |
| Polycab India Ltd POLYCAB | 34.7 | 11.9 | Jun 2026 |
| Apar Industries Ltd APARINDS | 33.3 | 11.9 | Jun 2026 |
| KEI Industries Ltd KEI | 29.3 | 6.4 | Mar 2026 |
| R R Kabel Ltd RRKABEL | 19.6 | 6.3 | Mar 2026 |
| Dynamic Cables Ltd DYCL⚠ unverified | 13.8 | 4.0 | Jun 2026 |
| Universal Cables Ltd UNIVCABLES | 9.3 | 1.2 | Mar 2026 |
| JD Cables Ltd 544524 | 8.6 | 2.9 | Mar 2026 |
| V-Marc India Ltd VMARCIND | 8.2 | 4.9 | Mar 2026 |
Full 20-quarter history · every available company
EV/EBITDA · reported quarter history
Apar Industries Ltd · APARINDS
4.8
5.8
5.3
6.6
7.4
8.8
9.6
10.6
15.1
16.1
17.6
21.1
23.2
24.4
13.8
20.5
19.3
19.1
22.6
33.3
Diamond Power Infrastructure Ltd · DIACABS
—
—
—
—
—
—
—
—
—
—
—
—
167.8
148.0
106.5
137.6
99.2
63.3
39.0
—
Dynamic Cables Ltd · DYCL⚠ unverified
7.5
5.7
6.1
5.1
5.9
7.4
6.8
12.7
14.4
14.6
12.0
18.0
17.0
26.1
14.2
20.2
16.5
13.4
9.5
13.8
JD Cables Ltd · 544524
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
10.4
—
8.6
—
KEI Industries Ltd · KEI
17.6
20.2
19.5
17.7
19.7
19.4
21.7
28.5
31.1
36.2
37.0
44.5
40.1
43.4
28.2
33.5
32.8
33.6
29.3
—
Polycab India Ltd · POLYCAB
26.6
27.9
28.1
24.8
24.5
23.0
23.6
27.8
35.7
33.5
29.7
38.5
38.6
38.3
26.6
31.8
31.6
29.5
25.8
34.7
R R Kabel Ltd · RRKABEL
—
—
—
—
—
—
—
—
45.8
35.8
35.0
38.3
38.4
34.4
23.9
29.0
23.9
25.0
19.6
—
Universal Cables Ltd · UNIVCABLES
5.7
6.1
5.7
5.4
7.0
7.4
7.6
7.5
8.7
10.3
9.3
11.8
12.9
14.0
10.3
13.5
11.7
12.4
9.3
—
V-Marc India Ltd · VMARCIND
24.1
—
8.6
—
7.1
—
5.4
—
9.1
—
5.2
—
13.0
—
6.6
—
8.7
—
8.2
—
P/BV · reported quarter history
Apar Industries Ltd · APARINDS
1.8
2.0
1.6
2.7
2.8
3.9
5.6
7.7
9.4
9.4
11.4
14.5
9.8
9.8
5.4
8.7
7.5
7.1
8.8
11.9
Diamond Power Infrastructure Ltd · DIACABS
0.1
0.1
0.1
0.1
0.1
-6.5
-6.3
-10.4
0.3
5.0
-2.7
-7.0
-8.0
-8.8
-5.4
-8.3
-11.0
-10.2
-10.4
—
Dynamic Cables Ltd · DYCL⚠ unverified
1.3
1.5
2.1
1.9
2.0
2.6
2.5
5.3
5.6
5.0
4.2
7.2
5.6
7.1
4.1
5.8
5.2
4.0
3.0
4.0
JD Cables Ltd · 544524
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
2.9
—
KEI Industries Ltd · KEI
5.0
5.4
5.5
6.0
5.6
5.6
7.2
9.8
9.2
10.3
10.9
15.4
12.0
11.3
8.0
10.8
6.7
6.8
6.4
—
Polycab India Ltd · POLYCAB
7.6
7.5
7.5
6.0
6.6
6.6
7.8
7.9
11.9
11.4
10.6
12.4
12.9
12.5
9.0
9.9
11.2
10.7
10.0
11.9
R R Kabel Ltd · RRKABEL
—
—
—
—
—
—
—
—
9.2
10.3
10.1
10.7
10.5
7.8
5.3
8.4
6.4
7.1
6.3
—
Universal Cables Ltd · UNIVCABLES
0.5
0.5
0.4
0.4
0.6
0.8
1.0
1.0
1.1
1.1
0.9
1.6
1.3
1.5
0.9
1.4
1.4
1.6
1.2
—
V-Marc India Ltd · VMARCIND
—
—
1.2
—
1.2
—
1.1
—
3.0
—
2.0
—
8.0
—
2.5
—
4.6
—
4.9
—
09 · let price answer last
Market action
R R Kabel Ltd has the strongest one-year price move in Cables - Power at +55.8%. V-Marc India Ltd leads on Mansfield relative strength against NIFTY at +108.1%. 8 of 8 covered companies are above zero on that measure. Every line covers 313 weekly closes through 2026-07-17.
Every price line is indexed to 100 over the chosen window. Mansfield relative strength compares a price ratio with its own 52-week average; zero separates leadership from lagging.
Price and relative strength
Price is rebased to 100 inside the selected window. Pair ratio rebases each selected company against one chosen denominator.
Before the conclusion · check the blind spots
What can make this comparison misleading?
This Cables - Power comparison names 6 specific ways its own evidence can mislead, all listed below. 1 of the 10 companies reports on an older date than the sector's freshest reporters, so its rank is marked stale. 1 draws at least one figure from a second feed with too little overlap to cross-check.
Keep these limits visible
- A high growth rate can be a low-base artefact. The page keeps level and change separate for that reason.
- A high ROCE can be temporary or flattered by a small capital base. Read it beside margin, cash conversion and reinvestment.
- The 4-Factor Sector Score ranks research priority, not portfolio action. Management quality, catalysts and risks need equally fresh evidence before capital is deployed.
- An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion.
- 1 company has an older fundamental reporting date than the sector’s freshest reporters; its rank carries a stale marker.
- 1 company draws at least one figure from a second data feed with too little overlapping history to cross-check against the primary source; it is marked unverified wherever that figure appears.
10 · the complete set
Which companies are included?
All 10 companies in the canonical Cables - Power membership are listed below, largest market value first — nothing is silently dropped, even where a company reports too little to rank. 1 of these is no longer being priced, so its price and relative strength are frozen at the last traded week shown.
AHEAD means the company is beating the index by 5% or more over three months. LAGGING, FUNDAMENTALS UP means it is 20% or more behind over a year while its trailing twelve-month earnings grew 20% or more. Both rules are fixed and applied the same way in every sector.
| Company | Market value | Price | Priced to | Latest fundamentals | Source standing |
|---|---|---|---|---|---|
| Polycab India Ltd POLYCABAHEAD24/26 WEEKS | ₹1.3 L Cr | ₹8,908 | 2026-07-19 | Jun 2026 | Cross-checked |
| Apar Industries Ltd APARINDSAHEAD25/26 WEEKS | ₹55.8K Cr | ₹13,889 | 2026-07-19 | Jun 2026 | Cross-checked |
| KEI Industries Ltd KEI23/26 WEEKS | ₹46.5K Cr | ₹4,868 | 2026-07-19 | Mar 2026 | Cross-checked |
| R R Kabel Ltd RRKABELAHEAD23/26 WEEKS | ₹28.2K Cr | ₹2,494 | 2026-07-19 | Mar 2026 | Cross-checked |
| Diamond Power Infrastructure Ltd DIACABSAHEAD20/26 WEEKS | ₹15.6K Cr | ₹295 | 2026-07-19 | Mar 2026 | Cross-checked |
| Universal Cables Ltd UNIVCABLESAHEAD | ₹4.3K Cr | ₹1,235 | 2026-07-19 | Mar 2026 | Cross-checked |
| V-Marc India Ltd VMARCINDAHEAD23/26 WEEKS | ₹4.1K Cr | ₹280 | 2026-07-19 | Mar 2026 | Cross-checked |
| Dynamic Cables Ltd DYCLAHEAD⚠ unverified | ₹2.0K Cr | ₹402 | 2026-07-19 | Jun 2026 | Includes unverified figures |
| Systematic Industries Ltd 544541 | ₹550 Cr | ₹246 | 2026-05-03 · not currently priced | Sep 2025 | Primary source only |
| JD Cables Ltd 544524 | ₹476 Cr | ₹211 | 2026-07-19 | Mar 2026 | Primary source only |
How each company's sources stand: 1 of 10 companies draws at least one figure from a second data feed that could not be cross-checked against the primary source, because the two do not share enough reported history to compare. Those figures are marked unverified wherever they appear.
Evidence and freshness
How was this comparison built?
This comparison is built from the reported filings of 10 Cables - Power companies, normalized to a common ₹ scale and a shared quarter axis of up to 20 quarters each. Fundamentals run through Jun 2026 and market data through 2026-07-24. A second data feed fills gaps only after identity and scale reconciliation, and missing observations are never interpolated.
FundamentalsThrough Jun 2026 · up to 20 quarters per company
Market dataThrough 2026-07-24 · weekly price and relative-strength history
Derived metricsGrowth, changes, CAPEX intensity, net debt, guarded PEG and P/BV÷ROE are calculated only when their inputs are comparable.
Score confidenceMissing and stale evidence reduces confidence and pulls the 0–100 research-priority score toward neutral.
Source standing7 cross-checked · 3 unverified · 0 withheld, of 10 graded companies.
A second feed is read only after its reported income is matched against the primary source on at least three overlapping periods. Where the two agree the figures fill silently. Where there is too little shared history to compare, the figures are still drawn — they are the only evidence there is — and marked ⚠ unverified everywhere they appear. Where the two are known to disagree, nothing from the second feed is drawn and the affected company is named under the chart it is missing from. Every company's standing is listed in the register above.
Questions investors ask · short, speakable answers
Cables - Power company comparison FAQs
These 18 answers restate the Cables - Power comparison above in question form. Every one is computed from the same 10 companies and the same reported filings as the rankings and charts, current through Jun 2026. Price and relative-strength answers run through 2026-07-24. Nothing here is estimated, and none of it is a recommendation.
What is the Nifty Cables - Power index?
The Nifty Cables - Power index tracks India's listed Cables - Power companies as a single basket. This page follows the same 10 companies and equal-weights them, so every company's weekly return counts once whatever it is worth, and the reading belongs to the Cables - Power sector rather than to its largest constituent. Figures are as of Jun 2026.
Which are the best Cables - Power stocks in India?
Ranked by this page's four-factor score, R R Kabel Ltd places first among 10 listed Cables - Power companies, followed by Diamond Power Infrastructure Ltd. That is a ranking of published data — earnings, quality, valuation and market behaviour as of Jun 2026 — and not a recommendation; Sector Alpha is not registered with SEBI as an investment adviser.
How many Cables - Power stocks are listed in India?
This comparison covers 10 listed Cables - Power companies in India, each above the size floor the site applies, with 20 quarters of reported figures per company where the filings exist. The full ranked list is on this page, as of Jun 2026.
Which Cables - Power company is the biggest?
Polycab India Ltd is the largest, with trailing-twelve-month revenue of ₹31,187 crore, ahead of Apar Industries Ltd at ₹24,389 crore. That covers 8 of 10 companies with comparable reporting through Jun 2026.
Which Cables - Power company is growing fastest?
V-Marc India Ltd has the fastest revenue growth at 100% year on year, across 8 of 10 comparable companies. Fast growth off a small base is not the same as proven scale — check whether the rate holds across several quarters on the chart above before treating it as a trend.
Which Cables - Power company has the best profit margins?
Polycab India Ltd has the highest operating margin at 14%, from 10 of 10 comparable companies. Diamond Power Infrastructure Ltd shows the biggest recent improvement, at +7 percentage points. A high margin matters most when it is holding or rising, not when it is peaking.
Which Cables - Power company makes the most profit?
Polycab India Ltd earns the most, at ₹2,906 crore of trailing-twelve-month net profit, from 8 of 10 comparable companies. Diamond Power Infrastructure Ltd has the fastest profit growth at 100%, though growth off a small or recovering profit base overstates how much has actually changed.
Which Cables - Power company earns the highest return on capital?
V-Marc India Ltd leads on return on capital employed at 41.4%, across 10 of 10 companies. Read it beside the length of its reported history: a high return that repeats for years is evidence of a durable business, while a single high reading can be a small capital base or one good year.
Which Cables - Power stock is the cheapest?
On guarded PEG — where a LOWER number is cheaper — V-Marc India Ltd screens cheapest at 0.68×. Only 6 of 10 companies pass the comparability guard, so this is not a sector-wide "cheapest stock" verdict. Cheap on a multiple is a reason to investigate, never a reason to buy on its own.
Which Cables - Power company has the strongest balance sheet?
Dynamic Cables Ltd carries the lowest comparable gross debt at ₹43 crore, from 10 of 10 companies. Absolute rupee debt alone does not settle it, because company scale differs — net debt and debt-to-equity in the chart above carry more information, and a very low-debt balance sheet can also mean under-investment.
Which Cables - Power stock has the strongest price momentum?
V-Marc India Ltd has the strongest relative strength against NIFTY 500. Relative strength answers last, after growth, quality and valuation: price can move well before the fundamentals confirm it, and sometimes without them confirming at all.
Which Cables - Power company scores highest for research priority?
R R Kabel Ltd scores 65.3 out of 100 with 95.6% evidence confidence, from 23.8 points on growth and earnings, 14.2 on capital efficiency, 7.8 on valuation and 19.5 on relative strength. This ranks what deserves work next. It is not a buy recommendation, and management quality, catalysts and risk still need separate research.
How many Cables - Power companies does this comparison cover, and over what period?
It compares 10 listed companies over up to 20 reported quarters of fundamentals and 10 fiscal years of capital allocation, ending Jun 2026, plus weekly price and relative-strength history. Membership is the full sector list — nothing is dropped for having thin data.
What is the total market cap of the Cables - Power sector?
The 10 Cables - Power companies on this page carry ₹2,91,650 crore of combined market value. Polycab India Ltd is the largest at ₹1,34,193 crore, about 46% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-07-29.
What is the Cables - Power sector's P/E ratio?
The median price-to-earnings ratio across the 10 Cables - Power companies on this page is 46.3×, measured on the 10 that report a comparable figure. A sector-level history for this multiple is not held here, so this is a cross-section of today, not a comparison with the sector’s own past. Figures are as of 2026-07-29.
How is the Cables - Power sector performing?
8 of the 8 covered Cables - Power companies are beating NIFTY 500 on Mansfield relative strength. A 52-week sector-versus-index comparison is not available from the current market series for this sector, so it is not quoted. Readings are as of 2026-07-29.
Why are some values on this page blank?
A blank means that company did not report a comparable figure for that period, so nothing is shown. Missing observations are never interpolated, carried forward, or replaced with a similar-looking accounting line, and a company with missing evidence has its research score pulled toward neutral rather than being scored as bad.
Is this investment advice?
No. Every figure here is a deterministic calculation from reported company filings and market data, published for research. It contains no recommendation to buy or sell any security, does not account for your circumstances, and is not a substitute for advice from a licensed adviser.