Telecom Cable Stocks and Companies in India

The largest Telecom Cable stocks in India by market value are Sterlite Technologies (₹41,014 crore), Finolex Cables (₹18,230 crore) and Vindhya Telelinks (₹3,130 crore), at prices of 4 Nov 2026.

• Sterlite Technologies: ₹797.60 | market value ₹41,014 crore | P/E 54.8
• Finolex Cables: ₹1,192 | market value ₹18,230 crore | P/E 22.8
• Vindhya Telelinks: ₹2,699.20 | market value ₹3,130 crore | P/E 12.2
• Paramount Communications: ₹61.38 | market value ₹2,233 crore | P/E 31
• Birla Cable: ₹316 | market value ₹1,045 crore | P/E 12.5

Share price | market value | P/E, biggest first. Prices, market values and ratios at the official close of 4 Nov 2026; the score list below uses the weekly figures.

Ranked by the 4-Factor Sector Score (growth & earnings 35, capital efficiency 25, valuation 20, relative strength 20). Prices as of 30 Oct 2026.

All 5 listed Indian Cables - Telecom companies are named here, largest first. This is the set of companies people mean when they search for a Nifty Cables - Telecom index; NSE publishes its own indices only for the largest sectors, so this equal-weighted set stands in for one. One large company cannot set the reading.

1. Sterlite Technologies Ltd₹42,400 cr
2. Finolex Cables Ltd₹17,400 cr
3. Vindhya Telelinks Ltd₹3,130 cr
4. Paramount Communications Ltd₹2,230 cr
5. Birla Cable Ltd₹1,050 cr

5 Telecom Cable companies in the Cables - Telecom industry group have a page on Sector Alpha, by market value as of 30 October 2026, and all 5 are listed below, largest first. The largest is Sterlite Technologies (₹42,397 crore) and the smallest with a market value is Birla Cable.

Download all 5 Telecom Cable companies (CSV)

The line below covers up to 5.2 years and opens on the 5Y view; the buttons cut it shorter. Over the last two years (104 weeks) this sector is 79% ahead of NIFTY 500. Earnings across its companies grew 3% on average over the last four reported quarters, close to flat. It has been ahead of NIFTY 500 on a rolling three-month view for 39 weeks running.

Price up, without the fundamentals confirming. 1 of 5 companies pass the momentum test (5+ points ahead of the Nifty 500 over 3 months, within 20% of the 52-week high).

Ahead of NIFTY 500 on the three-month view for 39 weeks running; 5 of the 5 companies in the industry index above their 200-day average (no change from four weeks earlier); 1 of those 5 pass the momentum test (3 fewer than four weeks earlier); earnings rising at 3 of the 5 that report earnings.

Participation is shrinking, 4 → 1 of 5 over four weeks, after being ahead of NIFTY 500. Earnings mixed, 3 of 5 members have higher trailing twelve-month earnings than a year ago.

Both lines start at 200 in the same week, so the gap between them tells the story: the sector line is an equal-weighted index of its 5 companies. The bars underneath are trailing 12-month earnings per share, one bar per reported quarter, each member set to 100 at the start and the sector taking the middle value, so a price line pulling away from flat bars means the market is paying more for the same earnings. A bar turns grey when that figure is lower than the quarter before. The rules are fixed and the same 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 or tap any point to read both values and the gap.

Cables - Telecom has done better than the NIFTY 500 by 164.4% over the last 52 weeks. Over 13 weeks the gap is a lead of 42.5%. Sterlite Technologies Ltd is the strongest against the sector itself at +48%. Readings are as of 30 October 2026.

Relative-strength score for the industry: 23.8 as of 30 October 2026 (broadening, falling).

Cables - Telecom has done better than the NIFTY 500 by 164.4% over 52 weeks and by 42.5% over 13 weeks. 1 of 5 companies we track is beating the NIFTY on relative strength (how a share price has done against the index over recent months), and 1 of 5 is ahead of the industry itself.

A score that ranks each company against the others in its industry. The four parts shown always add up to the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or old evidence affects only its own part, never as a hidden adjustment.

Birla Cable Ltd has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 100% evidence confidence.

Sterlite Technologies Ltd has the strongest one-year price move in Cables - Telecom at +604.6%. It also leads on relative strength against the NIFTY, at +109.7%. 5 of 5 companies we track are ahead of the index on that measure. Every line covers 313 weekly closes through 30 October 2026.

Price and relative strength

Price · same starting point: Every company, the sector's own index and NIFTY 500 all start level on the left edge of the window, so only the distance between the lines counts: the highest line has risen the most since then, and the chart at the top of this page is drawn the same way. It opens on one year; the buttons beside it stretch that to three or five.

RS vs NIFTY 500: How far ahead of or behind NIFTY 500 each company has been running, measured against its own recent average of that comparison, so the flat line at zero IS NIFTY 500: above it the company is beating the market, below it the market is beating the company. It opens on one year.

RS vs sector: The same measure taken against Cables - Telecom itself instead of the whole market, so the flat line at zero is the sector: above it the company is beating its own peers, which is the sharper test of the two. It opens on one year.

Biggest one-year moves

Strongest against NIFTY 500

Strongest against the sector itself

This is a price spike wearing an earnings costume, on top of a decade of quietly deteriorating economics. Sector revenue did grow, from ₹6,682 crore in 2015 to ₹17,343 crore in 2026, but profit is essentially where it was seven years ago, ₹1,290 crore in 2019 against ₹1,067 crore in 2026. In the week of 17 August 2026, 100% of 5 Cables - Telecom companies were beating the Nifty 500, against 40% on 6 April 2026.

From our industry review of 22 August 2026. A newer review (10 October 2026) did not cover Cables - Telecom, so this is the latest we have.

2 of 6 Cables - Telecom companies held a results call for July to September 2026. Paramount Communications guided: FY27 revenue growth of 15-20%, including 15-18% from existing plants.

From the results calls for July to September 2026.

Big funds, foreign and Indian, raised their stake by 2.8 points over the last two quarters. Founders and promoters cut theirs by 0.9 points.

• Spending on new plants and equipment was ₹875 crore in the last 12 months, 74% more than a year before.
• Projects still being built shrank 47% in a year.

Big funds = foreign and Indian institutions, change in their share of ownership across 6 Cables - Telecom companies, in percentage points.

Ownership and spending as of 10 October 2026.

That combination would mean the June-quarter margin was a mix and utilisation step rather than an inventory artefact, the sector's operating margin would be climbing off the bottom of its twelve-year range for real, and this topping call would be wrong.

From our industry review of 10 October 2026.

Sterlite Technologies Ltd has the highest Revenue among the 5 Cables - Telecom companies compared here, at ₹7,137 crore. Finolex Cables Ltd is next at ₹6,939 crore. The same company also has the highest Revenue growth, at 74%. 5 of 5 companies report a comparable reading, the latest through Sep 2026.

What the numbers say: Sterlite Technologies Ltd is the largest at ₹7,137 crore, 2.9% ahead of Finolex Cables Ltd. Sterlite Technologies Ltd's growth is 74% from a ₹7,137 crore base, with 16 reported quarters out of the last 20. Fast growth from a smaller base is not yet the same as proven size.

What this means: Sterlite Technologies Ltd is both the largest and the fastest-growing company here; the growth has to turn into margin and returns before it counts as more than a fast start.

This conclusion weakens if: Sterlite Technologies Ltd's revenue growth slows for two consecutive comparable reports while its 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.

Revenue · company comparison

Revenue · largest

Revenue growth · fastest growers

All-company data · latest reported quarter

In every all-company table on this page, each figure is the company’s latest single reported quarter. The rankings above them use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

Revenue shows both size and speed. A large company can absorb shocks and pay for wide distribution; faster growth can mean market-share gains, new capacity or stronger demand. The best sign is usually growth that lasts without hurting margins and returns.

Sterlite Technologies Ltd has the highest OPM among the 5 Cables - Telecom companies compared here, at 32%. Birla Cable Ltd is next at 15%. The same company also has the highest Margin change, at +20 percentage points. 5 of 5 companies report a comparable reading, the latest through Sep 2026.

What the numbers say: Sterlite Technologies Ltd leads both opm at 32% and margin change at +20 percentage points.

What this means: Sterlite Technologies Ltd sets the level to compare against; the company improving fastest needs another report to confirm the change.

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.

Operating margin · company comparison

OPM · highest

Margin change · fastest expanders

All-company data · latest reported quarter

Finolex Cables Ltd has the highest Net profit among the 5 Cables - Telecom companies compared here, at ₹800 crore. Sterlite Technologies Ltd is next at ₹756 crore. Birla Cable 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: Finolex Cables Ltd earns the most, ₹800 crore of profit over the last 12 months, 5.8% above Sterlite Technologies Ltd. Birla Cable Ltd shows at least 100% on the scoring scale (840% in full) growth from a profit base of ₹47 crore. A fast rate from a small base matters less than a large profit that keeps coming.

What this means: Finolex Cables Ltd sets the level to compare against; the company improving fastest needs another report to confirm the change.

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 profit · company comparison

Net profit · largest

Profit growth · fastest growers

All-company data · latest reported quarter

Finolex Cables Ltd has the highest ROCE among the 5 Cables - Telecom companies compared here, at 16%. Paramount Communications Ltd is next at 12.4%. Birla Cable Ltd has the highest ROCE change at +16.6 percentage points, so level and change sit with different companies. 5 of 5 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: Finolex Cables Ltd leads ROCE at 16%, 3.6 percentage points above Paramount Communications Ltd. A high return reported once may be one good year; a high return reported year after year shows a lasting business.

What this means: Finolex Cables Ltd sets the level to compare against; the company improving fastest needs another report to confirm the change.

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.

Return on capital · company comparison

Withheld from this chart: Sterlite Technologies Ltd (STLTECH): its two data sources disagree by up to 133% on reported income across 16 comparable periods, so its derived ratios are withheld. A figure two sources cannot agree on is not drawn, the gap is a decision, not missing data.

ROCE · highest

ROCE change · fastest improvers

All-company data · latest reported quarter

Birla Cable Ltd has the lowest PEG among the 5 Cables - Telecom companies compared here, at 0.85×. Vindhya Telelinks Ltd is next at 1.06×. Vindhya Telelinks Ltd has the lowest P/E at 12.2×, so level and change sit with different companies. 4 of 5 companies report a comparable reading, the latest through Sep 2026.

What the numbers say: Birla Cable Ltd has the lowest comparable PEG at 0.85×, 19.8% below Vindhya Telelinks Ltd. That would need today's multiple, the company's own history and steady growth to agree.

What this means: A low valuation is a reason to look closer at the business, not a conclusion on its own.

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 worked out the same way every time, as the P/E on the last 12 months of reported earnings divided by that growth rate, never on expected earnings. On Indian companies it is shown only where the two data feeds agreed. Where any of that fails the ratio is left out rather than printed: a P/E divided by a loss, or by growth measured off a tiny base, is a number that looks precise and means nothing.

Valuation · company comparison

PEG · lowest PEG

P/E · lowest P/E

All-company data · latest reported quarter

Cables - Telecom companies show up on 5 of our India lists. The most are on the small & mid cap stocks list (2 companies).

This Cables - Telecom comparison names 5 specific ways its own evidence can mislead, all listed below. All 5 companies here report on comparable dates, so no rank carries a stale marker. 1 has second-source figures left out because the two sources disagree. A high growth rate can still come from a very small starting figure.

Keep these limits visible

• A high growth rate can come from a very small starting figure. The page keeps level and change separate for that reason.
• A high ROCE can be temporary, or look high because the capital base is small. It is best read beside margin, cash flow and how much is spent back on the business.
• The 4-Factor Sector Score ranks published data only. Management quality, upcoming events and risks are not part of it.
• An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion.
• 1 company is missing from the second-source figures on purpose: the two sources disagree, so nothing from the second is drawn. Those rows have less evidence; that does not make the business weaker.

This comparison is built from the reported filings of 5 Cables - Telecom companies, normalized to a common ₹ scale and a shared quarter axis of up to 20 quarters each. Fundamentals run through Sep 2026 and market data through 30 October 2026.

1 of 5 companies has a second data feed that is known to disagree with the primary source, so nothing from it is drawn: Sterlite Technologies Ltd (STLTECH): its two data sources disagree by up to 133% on reported income across 16 comparable periods, so its derived ratios are withheld.

These 24 answers restate the Cables - Telecom comparison above in question form. Every one is computed from the same 5 companies and the same reported filings as the rankings and charts, current through Sep 2026. Price and relative-strength answers run through 30 October 2026. Nothing here is estimated, and none of it is a recommendation.