Sector Alpha Week of 2026-08-05
20-quarter listed-company comparison

Cables - Telecom Stocks in India

Cables - Telecom: Finolex Cables Ltd owns the largest revenue base; Sterlite Technologies Ltd has the fastest current growth.

01 · the index people search for

Nifty Cables - Telecom Index — Constituents & Performance

The Cables - Telecom companies below are the listed Indian Cables - Telecom universe this page tracks — the same constituent set people search for as the Nifty Cables - Telecom 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.

02 · the sector itself · before any single company

How has Cables - Telecom moved against NIFTY 500?

The line below covers up to 5.2 years and opens on the 5Y view; the buttons cut it shorter. Over the most recent two of them this sector is 6% ahead of NIFTY 500. Earnings across its companies fell 6% on average over the last four reported quarters. It has been ahead of NIFTY 500 on a rolling three-month view for 26 weeks running.

LEADER · ahead 26w~Moving with the index4 of 5 companies ahead of NIFTY 500 by 5% or more over three months

RS ↑26w · 5/5 >200d (+0) · 4/5 lead (−1) · EPS 3/5↑

20050020262025202420232022 635333 TRAILING 12-MONTH EPS · 100 AT THE START0100108Sep 23Mar 24Sep 24Mar 25Sep 25Mar 26Sep 2023 · trailing 12-month earnings per share at 100, against 100 at the start · up 3.2% on a year ago · 5 reportingDec 2023 · trailing 12-month earnings per share at 101, against 100 at the start · up 0.8% on a year ago · 5 reportingMar 2024 · trailing 12-month earnings per share at 103, against 100 at the start · up 11.3% on a year ago · 5 reportingJun 2024 · trailing 12-month earnings per share at 108, against 100 at the start · up 17.4% on a year ago · 5 reportingSep 2024 · trailing 12-month earnings per share at 98, against 100 at the start · down 1.8% on a year ago · 5 reportingDec 2024 · trailing 12-month earnings per share at 86, against 100 at the start · down 27.0% on a year ago · 5 reportingMar 2025 · trailing 12-month earnings per share at 86, against 100 at the start · down 19.6% on a year ago · 5 reportingJun 2025 · trailing 12-month earnings per share at 91, against 100 at the start · down 19.3% on a year ago · 5 reportingSep 2025 · trailing 12-month earnings per share at 83, against 100 at the start · down 15.8% on a year ago · 5 reportingDec 2025 · trailing 12-month earnings per share at 66, against 100 at the start · up 5.3% on a year ago · 5 reportingMar 2026 · trailing 12-month earnings per share at 68, against 100 at the start · up 5.2% on a year ago · 5 reportingNot reported yet — earnings trail price by a quarter or two68 · Mar 26No earnings on file this far back — the price series reaches further than the filings doNO EARNINGS ON FILE
20050020262025202420232022 635333 TRAILING 12-MONTH EPS · 100 AT THE START0100108Mar 24Mar 25Mar 26Sep 2023 · trailing 12-month earnings per share at 100, against 100 at the start · up 3.2% on a year ago · 5 reportingDec 2023 · trailing 12-month earnings per share at 101, against 100 at the start · up 0.8% on a year ago · 5 reportingMar 2024 · trailing 12-month earnings per share at 103, against 100 at the start · up 11.3% on a year ago · 5 reportingJun 2024 · trailing 12-month earnings per share at 108, against 100 at the start · up 17.4% on a year ago · 5 reportingSep 2024 · trailing 12-month earnings per share at 98, against 100 at the start · down 1.8% on a year ago · 5 reportingDec 2024 · trailing 12-month earnings per share at 86, against 100 at the start · down 27.0% on a year ago · 5 reportingMar 2025 · trailing 12-month earnings per share at 86, against 100 at the start · down 19.6% on a year ago · 5 reportingJun 2025 · trailing 12-month earnings per share at 91, against 100 at the start · down 19.3% on a year ago · 5 reportingSep 2025 · trailing 12-month earnings per share at 83, against 100 at the start · down 15.8% on a year ago · 5 reportingDec 2025 · trailing 12-month earnings per share at 66, against 100 at the start · up 5.3% on a year ago · 5 reportingMar 2026 · trailing 12-month earnings per share at 68, against 100 at the start · up 5.2% on a year ago · 5 reportingNot reported yet — earnings trail price by a quarter or two68No earnings on file this far back — the price series reaches further than the filings doNO EARNINGS ON FILE
Cables - Telecom, equal-weighted, based at 200 NIFTY 500, same base, same start trailing 12-month earnings per share rising falling

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 5 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.

03 · sector relative strength, before individual stocks

Is Cables - Telecom outperforming NIFTY 500?

Cables - Telecom has outperformed NIFTY 500 by 63.1% over the last 52 weeks. Over 13 weeks the gap is a lead of 43.6%. 5 of 5 covered companies currently beat NIFTY on Mansfield relative strength, so leadership inside the sector is selective. Sterlite Technologies Ltd is the strongest against the sector itself at +69.3%. Readings are as of 2026-07-19.

+43.6%Sector vs NIFTY 500 · 13 weeks
+63.1%Sector vs NIFTY 500 · 52 weeks
5/5Stocks leading NIFTY 500
1/5Stocks leading sector

Sector metric: 31.7 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

Cables - Telecom has outperformed NIFTY 500 by 63.1% over 52 weeks and 43.6% over 13 weeks. 5 of 5 covered companies beat NIFTY on Mansfield relative strength, while 1 of 5 beat the sector itself. Finolex Cables Ltd leads with revenue of ₹6,322 crore, based on 5 of 5 comparable companies through Mar 2026.

Companies
5
complete canonical membership
Combined market value
₹48.8K Cr
Sterlite Technologies Ltd
Revenue growing
4/5
positive TTM year-on-year growth
Beating NIFTY 500
5/5
positive Mansfield relative strength
Comparing 5 of 5
04 · 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%
Sterlite Technologies Ltd has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 82.3% evidence confidence.
Paramount Communications Ltd has stronger price confirmation than earnings confirmation; that is a research prompt, not permission to chase.
How this score is built, and what the marks mean

Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step curve the sector itself is placed on — basing, turning, breaking out, leader, fading, asleep — read from how many weeks running it has led NIFTY 500 and whether that lead is widening or shrinking. It describes where the PRICE stands, not the earnings trajectory and not a recommendation, and it is left blank for a company whose weekly history is too short or too stale to read.

CompanyScorePrice stageGrowth & earnings/35Capital efficiency/25Valuation/20Relative strength/20
1Sterlite Technologies LtdSTLTECH 57.6/100Mixed-positive evidence82% evidence LEADER 30.6/35 Revenue 36.2% · PAT 100% · OPM change 7 pp 95% evidence 6.9/25 ROCE 7.7% · OPM 20% 76% evidence 5.1/20 P/E 121× · PEG — 50% evidence 15.0/20 RS sector 69.3% · RS bench 127% · 1Y 375.6%12 of 12 weeks ahead 100% evidence
Exact sum: 30.6 + 6.9 + 5.1 + 15 = 57.6 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
2Birla Cable LtdBIRLACABLE 55.3/100Mixed-positive evidence83% evidence LEADER 25.0/35 Revenue 16.5% · PAT 100% · OPM change 4 pp 83% evidence 11.4/25 ROCE 9% · OPM 9% 95% evidence 11.9/20 P/E 36.6× · PEG — 50% evidence 7.0/20 RS sector -18.9% · RS bench 27.8% · 1Y 19.1%12 of 12 weeks ahead 100% evidence
Exact sum: 25 + 11.4 + 11.9 + 7 = 55.3 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
3Paramount Communications LtdPARACABLES 45.2/100Mixed-negative evidence83% evidence LEADER 11.5/35 Revenue 21.4% · PAT -32.2% · OPM change -1 pp 83% evidence 10.9/25 ROCE 12.4% · OPM 5% 95% evidence 8.2/20 P/E 35.6× · PEG — 50% evidence 14.6/20 RS sector -9.4% · RS bench 39.2% · 1Y 11.7%12 of 12 weeks ahead 100% evidence
Exact sum: 11.5 + 10.9 + 8.2 + 14.6 = 45.2 · Decision use: Price leads the evidence: RS versus the benchmark is 39.2%, but earnings trajectory is weak. Wait for revenue and profit confirmation.
4Finolex Cables LtdFINCABLES 39.9/100Mixed-negative evidence96% evidence FADING 13.9/35 Revenue 18.9% · PAT 1.9% · OPM change -2 pp 88% evidence 16.9/25 ROCE 16% · OPM 9% 100% evidence 7.3/20 P/E 21.2× · PEG 2.78 100% evidence 1.8/20 RS sector -30.1% · RS bench 10.3% · 1Y 9.9%9 of 12 weeks ahead 100% evidence
Exact sum: 13.9 + 16.9 + 7.3 + 1.8 = 39.9 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
5Vindhya Telelinks LtdVINDHYATEL 39.9/100Mixed-negative evidence83% evidence LEADER 12.3/35 Revenue -11.3% · PAT 8.9% · OPM change 0 pp 83% evidence 5.4/25 ROCE 8.2% · OPM 7% 95% evidence 10.9/20 P/E 10.7× · PEG — 50% evidence 11.3/20 RS sector -15.9% · RS bench 31.3% · 1Y 24.7%12 of 12 weeks ahead 100% evidence
Exact sum: 12.3 + 5.4 + 10.9 + 11.3 = 39.9 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
05 · what price has already done

Market action

Sterlite Technologies Ltd has the strongest one-year price move in Cables - Telecom at +375.6%. It also leads on Mansfield relative strength against NIFTY at +127%. 5 of 5 covered companies are above zero on that measure. Every line covers 313 weekly closes through 2026-07-31.

Price and relative strength

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.

06 · compare level, then change

Revenue Scale & Growth Durability

Finolex Cables Ltd has the highest Revenue among the 5 Cables - Telecom companies compared here, at ₹6,322 crore. Sterlite Technologies Ltd is next at ₹5,642 crore. Sterlite Technologies Ltd has the highest Revenue growth at 36.2%, so level and change sit with different companies. 5 of 5 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Finolex Cables Ltd is the scale leader at ₹6,322 crore, 12.1% ahead of Sterlite Technologies Ltd. Sterlite Technologies Ltd's growth is 36.2% from a ₹5,642 crore base, with 15 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.

LeaderFinolex Cables Ltd · ₹6,322 crore
Gap12.1% versus #2 · Sterlite Technologies Ltd
Persistence7/8 recent comparable periods
Coverage5/5 companies · 76 observations

Investor read: Finolex Cables Ltd is the scale benchmark; Sterlite Technologies Ltd is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns.

This conclusion weakens if: Finolex Cables Ltd's growth falls below Sterlite Technologies 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
1Finolex Cables Ltd FINCABLES₹6.3K Cr
2Sterlite Technologies Ltd STLTECH₹5.6K Cr
3Vindhya Telelinks Ltd VINDHYATEL⚠ unverified₹3.6K Cr
4Paramount Communications Ltd PARACABLES⚠ unverified₹1.9K Cr
5Birla Cable Ltd BIRLACABLE₹771 Cr
Revenue growthfastest growers
2Paramount Communications Ltd PARACABLES⚠ unverified21%
3Finolex Cables Ltd FINCABLES19%
4Birla Cable Ltd BIRLACABLE17%
5Vindhya Telelinks Ltd VINDHYATEL⚠ unverified-11%
Revenue · company comparison
5/5 level · 5/5 change

On every company-comparison chart on this page: solid lines show level, dotted lines show change when “Both” is selected, and a missing report breaks the line rather than being invented.

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.

CompanyRevenueRevenue growthReported
Finolex Cables Ltd FINCABLES₹2.0K Cr22%Mar 2026
Sterlite Technologies Ltd STLTECH₹1.9K Cr87%Jun 2026
Vindhya Telelinks Ltd VINDHYATEL⚠ unverified₹1.0K Cr-18%Mar 2026
Paramount Communications Ltd PARACABLES⚠ unverified₹573 Cr13%Mar 2026
Birla Cable Ltd BIRLACABLE₹214 Cr37%Mar 2026
Full 20-quarter history · every available company

Revenue · reported quarter history

Birla Cable Ltd · BIRLACABLE

₹200 Cr
₹245 Cr
₹174 Cr
₹175 Cr
₹162 Cr
₹175 Cr
₹166 Cr
₹182 Cr
₹158 Cr
₹156 Cr
₹176 Cr
₹176 Cr
₹205 Cr
₹214 Cr

Finolex Cables Ltd · FINCABLES

₹933 Cr
₹973 Cr
₹1.2K Cr
₹1.0K Cr
₹1.1K Cr
₹1.2K Cr
₹1.2K Cr
₹1.2K Cr
₹1.2K Cr
₹1.2K Cr
₹1.4K Cr
₹1.2K Cr
₹1.3K Cr
₹1.2K Cr
₹1.6K Cr
₹1.4K Cr
₹1.4K Cr
₹1.6K Cr
₹2.0K Cr

Paramount Communications Ltd · PARACABLES⚠ unverified

₹218 Cr
₹202 Cr
₹211 Cr
₹252 Cr
₹284 Cr
₹323 Cr
₹321 Cr
₹356 Cr
₹392 Cr
₹507 Cr
₹451 Cr
₹428 Cr
₹461 Cr
₹573 Cr

Sterlite Technologies Ltd · STLTECH

₹1.9K Cr
₹1.9K Cr
₹1.5K Cr
₹1.5K Cr
₹1.3K Cr
₹843 Cr
₹872 Cr
₹1.1K Cr
₹998 Cr
₹1.1K Cr
₹1.0K Cr
₹1.0K Cr
₹1.3K Cr
₹1.4K Cr
₹1.9K Cr

Vindhya Telelinks Ltd · VINDHYATEL⚠ unverified

₹638 Cr
₹1.4K Cr
₹851 Cr
₹862 Cr
₹1.1K Cr
₹1.3K Cr
₹833 Cr
₹953 Cr
₹1.0K Cr
₹1.2K Cr
₹908 Cr
₹960 Cr
₹717 Cr
₹1.0K Cr

Revenue growth · reported quarter history

Birla Cable Ltd · BIRLACABLE

-19%
-29%
-4.6%
4.0%
-2.5%
-11%
6.0%
-3.3%
30%
37%

Finolex Cables Ltd · FINCABLES

51%
17%
18%
3.1%
19%
8.8%
6.3%
14%
2.2%
11%
-3.3%
14%
14%
4.9%
35%
22%

Paramount Communications Ltd · PARACABLES⚠ unverified

30%
60%
52%
41%
38%
57%
41%
20%
18%
13%

Sterlite Technologies Ltd · STLTECH

-30%
-55%
-43%
-28%
-25%
25%
17%
-3.7%
26%
37%
87%

Vindhya Telelinks Ltd · VINDHYATEL⚠ unverified

70%
-6.2%
-2.1%
11%
-4.3%
-4.6%
9.0%
0.7%
-31%
-18%
07 · compare level, then change

Operating Economics & Margin Trend

Sterlite Technologies Ltd has the highest OPM among the 5 Cables - Telecom companies compared here, at 20%. Birla Cable Ltd is next at 9%. The same company also holds the highest Margin change, at +7 percentage points. 5 of 5 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: Sterlite Technologies Ltd leads both opm at 20% and margin change at +7 percentage points.

LeaderSterlite Technologies Ltd · 20%
Gap122.2% versus #2 · Birla Cable Ltd
Persistence6/8 recent comparable periods
Coverage5/5 companies · 96 observations

Investor read: Sterlite Technologies 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
2Birla Cable Ltd BIRLACABLE9.0%
3Finolex Cables Ltd FINCABLES9.0%
4Vindhya Telelinks Ltd VINDHYATEL⚠ unverified7.0%
5Paramount Communications Ltd PARACABLES⚠ unverified5.0%
Margin changefastest expanders
2Birla Cable Ltd BIRLACABLE+4.0 pp
3Vindhya Telelinks Ltd VINDHYATEL⚠ unverified0.0 pp
4Paramount Communications Ltd PARACABLES⚠ unverified−1.0 pp
5Finolex Cables Ltd FINCABLES−2.0 pp
Operating margin · company comparison
5/5 level · 5/5 change
All-company data · latest reported quarter
CompanyOPMMargin changeReported
Sterlite Technologies Ltd STLTECH20%+7.0 ppJun 2026
Finolex Cables Ltd FINCABLES9.0%−2.0 ppMar 2026
Birla Cable Ltd BIRLACABLE9.0%+4.0 ppMar 2026
Vindhya Telelinks Ltd VINDHYATEL⚠ unverified7.0%0.0 ppMar 2026
Paramount Communications Ltd PARACABLES⚠ unverified5.0%−1.0 ppMar 2026
Full 20-quarter history · every available company

OPM · reported quarter history

Birla Cable Ltd · BIRLACABLE

6.0%
7.2%
11%
5.4%
8.5%
7.9%
9.0%
7.0%
6.0%
7.0%
4.1%
3.9%
5.0%
6.0%
5.0%
4.4%
4.1%
5.0%
9.0%

Finolex Cables Ltd · FINCABLES

13%
12%
10%
12%
9.0%
13%
12%
12%
12%
11%
12%
10%
8.0%
12%
11%
10%
11%
10%
9.0%

Paramount Communications Ltd · PARACABLES⚠ unverified

3.8%
3.7%
3.7%
4.8%
6.5%
6.9%
6.0%
8.0%
8.0%
8.0%
8.0%
8.0%
9.0%
9.0%
6.0%
3.4%
1.4%
3.3%
5.0%

Sterlite Technologies Ltd · STLTECH

17%
-0.9%
8.7%
11%
14%
13%
14%
14%
14%
7.0%
3.7%
7.0%
11%
11%
12%
13%
12%
10%
14%
20%

Vindhya Telelinks Ltd · VINDHYATEL⚠ unverified

10%
12%
9.1%
12%
6.0%
9.1%
9.0%
8.0%
7.0%
7.0%
7.0%
6.0%
5.0%
6.0%
7.0%
7.0%
8.0%
2.5%
7.0%

Margin change · reported quarter history

Birla Cable Ltd · BIRLACABLE

+0.3 pp
+2.4 pp
+0.8 pp
−2.6 pp
+2.5 pp
+0.7 pp
−1.8 pp
+1.6 pp
−2.5 pp
−0.9 pp
−4.9 pp
−3.1 pp
−1.0 pp
−1.0 pp
+0.9 pp
+0.5 pp
−0.9 pp
−1.0 pp
+4.0 pp

Finolex Cables Ltd · FINCABLES

−1.5 pp
−1.0 pp
−4.6 pp
+1.3 pp
−3.8 pp
+0.8 pp
+1.9 pp
+0.3 pp
+3.0 pp
−2.0 pp
0.0 pp
−2.0 pp
−4.0 pp
+1.0 pp
−1.0 pp
0.0 pp
+3.0 pp
−2.0 pp
−2.0 pp

Paramount Communications Ltd · PARACABLES⚠ unverified

+0.7 pp
+0.2 pp
+0.2 pp
+2.2 pp
+2.8 pp
+3.2 pp
+2.3 pp
+3.2 pp
+1.5 pp
+1.1 pp
+2.0 pp
0.0 pp
+1.0 pp
+1.0 pp
−2.0 pp
−4.6 pp
−7.6 pp
−5.7 pp
−1.0 pp

Sterlite Technologies Ltd · STLTECH

+0.1 pp
−18.4 pp
−8.7 pp
−6.9 pp
−3.6 pp
+13.9 pp
+5.3 pp
+3.2 pp
+0.3 pp
−6.0 pp
−10.3 pp
−7.0 pp
−3.0 pp
+4.0 pp
+8.3 pp
+6.0 pp
+1.0 pp
−1.0 pp
+2.0 pp
+7.0 pp

Vindhya Telelinks Ltd · VINDHYATEL⚠ unverified

−3.7 pp
−0.7 pp
−6.3 pp
−5.2 pp
−4.3 pp
−2.9 pp
−0.1 pp
−3.9 pp
+1.1 pp
−2.1 pp
−2.0 pp
−2.0 pp
−2.0 pp
−1.0 pp
0.0 pp
+1.0 pp
+3.0 pp
−3.5 pp
0.0 pp
08 · compare level, then change

Profit Scale & Acceleration

Finolex Cables Ltd has the highest Net profit among the 5 Cables - Telecom companies compared here, at ₹714 crore. Sterlite Technologies Ltd is next at ₹243 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 leads with ₹714 crore of TTM profit, 193.8% above Sterlite Technologies Ltd. Birla Cable Ltd shows ≥100% on the scoring scale (325% uncapped) growth from a ₹17 crore profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.

LeaderFinolex Cables Ltd · ₹714 crore
Gap193.8% versus #2 · Sterlite Technologies Ltd
Persistence5/8 recent comparable periods
Coverage5/5 companies · 76 observations

Investor read: Finolex Cables 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
1Finolex Cables Ltd FINCABLES₹714 Cr
2Sterlite Technologies Ltd STLTECH₹243 Cr
3Vindhya Telelinks Ltd VINDHYATEL⚠ unverified₹220 Cr
4Paramount Communications Ltd PARACABLES⚠ unverified₹59 Cr
5Birla Cable Ltd BIRLACABLE₹17 Cr
Profit growthfastest growers
1Birla Cable Ltd BIRLACABLE100%
3Vindhya Telelinks Ltd VINDHYATEL⚠ unverified8.9%
4Finolex Cables Ltd FINCABLES1.9%
5Paramount Communications Ltd PARACABLES⚠ unverified-32%
Net profit · company comparison
5/5 level · 5/5 change
All-company data · latest reported quarter
CompanyNet profitProfit growthReported
Finolex Cables Ltd FINCABLES₹224 Cr17%Mar 2026
Sterlite Technologies Ltd STLTECH₹197 Cr1,870%Jun 2026
Vindhya Telelinks Ltd VINDHYATEL⚠ unverified₹103 Cr-6.4%Mar 2026
Paramount Communications Ltd PARACABLES⚠ unverified₹21 Cr11%Mar 2026
Birla Cable Ltd BIRLACABLE₹11 Cr1,000%Mar 2026
Full 20-quarter history · every available company

Net profit · reported quarter history

Birla Cable Ltd · BIRLACABLE

₹8 Cr
₹13 Cr
₹12 Cr
₹5 Cr
₹4 Cr
₹2 Cr
₹0 Cr
₹2 Cr
₹1 Cr
₹1 Cr
₹1 Cr
₹1 Cr
₹4 Cr
₹11 Cr

Finolex Cables Ltd · FINCABLES

₹145 Cr
₹143 Cr
₹224 Cr
₹120 Cr
₹137 Cr
₹154 Cr
₹175 Cr
₹160 Cr
₹154 Cr
₹151 Cr
₹186 Cr
₹244 Cr
₹118 Cr
₹147 Cr
₹192 Cr
₹163 Cr
₹163 Cr
₹164 Cr
₹224 Cr

Paramount Communications Ltd · PARACABLES⚠ unverified

₹14 Cr
₹14 Cr
₹15 Cr
₹19 Cr
₹22 Cr
₹29 Cr
₹25 Cr
₹20 Cr
₹23 Cr
₹19 Cr
₹18 Cr
₹13 Cr
₹7 Cr
₹21 Cr

Sterlite Technologies Ltd · STLTECH

₹47 Cr
₹63 Cr
₹52 Cr
₹32 Cr
₹-59 Cr
₹-82 Cr
₹-48 Cr
₹-14 Cr
₹-24 Cr
₹-40 Cr
₹10 Cr
₹4 Cr
₹-17 Cr
₹59 Cr
₹197 Cr

Vindhya Telelinks Ltd · VINDHYATEL⚠ unverified

₹28 Cr
₹101 Cr
₹59 Cr
₹47 Cr
₹69 Cr
₹108 Cr
₹29 Cr
₹24 Cr
₹39 Cr
₹110 Cr
₹59 Cr
₹59 Cr
₹-1 Cr
₹103 Cr

Profit growth · reported quarter history

Birla Cable Ltd · BIRLACABLE

-51%
-85%
-100%
-60%
-75%
-50%
-50%
300%
1,000%

Finolex Cables Ltd · FINCABLES

38%
-5.5%
7.7%
-22%
33%
12%
-2.0%
6.3%
53%
-23%
-2.7%
3.2%
-33%
38%
12%
17%

Paramount Communications Ltd · PARACABLES⚠ unverified

54%
107%
67%
5.3%
4.6%
-34%
-28%
-35%
-70%
11%

Sterlite Technologies Ltd · STLTECH

-226%
-230%
-192%
-144%
1,870%

Vindhya Telelinks Ltd · VINDHYATEL⚠ unverified

144%
6.9%
-51%
-49%
-43%
1.9%
103%
146%
-103%
-6.4%
09 · compare level, then change

Return On Capital Employed

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%. Sterlite Technologies Ltd has the highest ROCE change at +5 percentage points, so level and change sit with different companies. 5 of 5 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Finolex Cables Ltd leads ROCE at 16%, 3.6 percentage points above Paramount Communications Ltd. Sterlite Technologies Ltd has the strongest latest improvement at +5 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.

LeaderFinolex Cables Ltd · 16%
Gap29% versus #2 · Paramount Communications Ltd
Persistence2/8 recent comparable periods
Coverage5/5 companies · 46 observations

Investor read: Finolex Cables 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
1Finolex Cables Ltd FINCABLES16%
2Paramount Communications Ltd PARACABLES⚠ unverified12%
3Birla Cable Ltd BIRLACABLE9.0%
4Vindhya Telelinks Ltd VINDHYATEL⚠ unverified8.2%
ROCE changefastest improvers
2Birla Cable Ltd BIRLACABLE+4.0 pp
3Finolex Cables Ltd FINCABLES+0.2 pp
4Vindhya Telelinks Ltd VINDHYATEL⚠ unverified−0.9 pp
5Paramount Communications Ltd PARACABLES⚠ unverified−8.8 pp
Return on capital · company comparison
5/5 level · 5/5 change

Withheld from this chart: Sterlite Technologies Ltd (STLTECH) — its two data sources disagree by up to 133% on reported income across 14 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.

All-company data · latest reported quarter
CompanyROCEROCE changeReported
Finolex Cables Ltd FINCABLES8.5%+0.2 ppMar 2026
Paramount Communications Ltd PARACABLES⚠ unverified6.4%−8.8 ppMar 2026
Vindhya Telelinks Ltd VINDHYATEL⚠ unverified3.7%−0.9 ppMar 2026
Full 20-quarter history · every available company

ROCE · reported quarter history

Finolex Cables Ltd · FINCABLES

11%
9.2%
9.7%
9.9%
18%
11%
18%
10%
20%
8.7%
17%
8.3%
14%
8.7%
15%
8.5%

Paramount Communications Ltd · PARACABLES⚠ unverified

2.5%
2.9%
6.6%
9.4%
12%
19%
12%
19%
14%
21%
15%
18%
9.5%
13%
6.4%

Vindhya Telelinks Ltd · VINDHYATEL⚠ unverified

4.9%
3.4%
3.3%
5.9%
6.3%
10%
5.3%
8.8%
4.6%
7.0%
4.6%
8.2%
4.8%
8.2%
3.7%

ROCE change · reported quarter history

Finolex Cables Ltd · FINCABLES

−1.0 pp
+0.7 pp
+1.2 pp
+0.4 pp
+1.1 pp
−2.2 pp
−0.9 pp
−2.0 pp
−5.1 pp
0.0 pp
−2.3 pp
+0.2 pp

Paramount Communications Ltd · PARACABLES⚠ unverified

+4.1 pp
+6.5 pp
+5.7 pp
+3.0 pp
+2.1 pp
+2.5 pp
+2.8 pp
−0.4 pp
−4.9 pp
−7.7 pp
−8.8 pp

Vindhya Telelinks Ltd · VINDHYATEL⚠ unverified

−1.6 pp
+2.5 pp
+3.0 pp
−0.6 pp
−1.7 pp
−3.1 pp
−0.7 pp
−0.6 pp
+0.2 pp
+1.2 pp
−0.9 pp
10 · compare level, then change

Valuation Against Growth & Quality

Finolex Cables Ltd has the lowest PEG among the 5 Cables - Telecom companies compared here, at 2.78×. Vindhya Telelinks Ltd has the lowest P/E at 10.7×, so level and change sit with different companies. 1 of 5 companies report a comparable reading, the latest through Mar 2026. Its PEG series carries 10 reported observations across the 20-quarter window.

What the numbers say: Finolex Cables Ltd has the lowest comparable PEG at 2.78×. Only 1 of 5 companies have earnings and growth steady enough for the ratio to mean anything, so no broad “cheapest stock” conclusion is defensible unless the current multiple, own-history position and growth durability agree.

LeaderFinolex Cables Ltd · 2.78×
GapNot enough peers
Persistence0/8 recent comparable periods
Coverage1/5 companies · 10 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 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.
PEGlowest PEG
1Finolex Cables Ltd FINCABLES2.8
P/Elowest P/E
1Vindhya Telelinks Ltd VINDHYATEL⚠ unverified10.7
2Finolex Cables Ltd FINCABLES21.2
3Paramount Communications Ltd PARACABLES⚠ unverified35.6
4Birla Cable Ltd BIRLACABLE36.6
Valuation · company comparison
1/5 level · 5/5 change
All-company data · latest reported quarter
CompanyPEGP/EReported
Finolex Cables Ltd FINCABLES2.818.1Mar 2026
Sterlite Technologies Ltd STLTECH37.6Jun 2026
Vindhya Telelinks Ltd VINDHYATEL⚠ unverified5.2Mar 2026
Paramount Communications Ltd PARACABLES⚠ unverified16.1Mar 2026
Birla Cable Ltd BIRLACABLE44.5Mar 2026
Full 20-quarter history · every available company

PEG · reported quarter history

Finolex Cables Ltd · FINCABLES

0.3
0.3
2.0
0.8
1.4
3.7
0.7
0.9
3.1
2.8

P/E · reported quarter history

Birla Cable Ltd · BIRLACABLE

15.4
24.2
22.7
20.3
32.7
72.2
86.0
80.9
112.1
77.1
84.0
44.5

Finolex Cables Ltd · FINCABLES

15.0
14.8
10.8
9.6
11.4
15.4
22.4
26.1
31.4
25.4
23.9
36.6
30.0
26.1
20.1
20.9
20.2
17.7
18.1

Paramount Communications Ltd · PARACABLES⚠ unverified

60.8
51.7
36.8
25.9
21.4
24.9
15.6
14.3
23.1
30.5
22.8
22.9
25.4
24.8
15.4
19.6
16.9
16.3
16.1

Sterlite Technologies Ltd · STLTECH

22.4
19.9
28.5
39.3
39.8
26.1
17.6
17.1
17.7
30.0
37.6

Vindhya Telelinks Ltd · VINDHYATEL⚠ unverified

4.3
4.8
5.0
5.6
9.1
13.0
14.8
11.8
12.8
11.0
9.6
9.9
11.2
9.8
7.5
10.0
7.3
6.3
5.2
11 · before the conclusion, check the blind spots

What can make this comparison misleading?

This Cables - Telecom comparison names 7 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. 2 draw at least one figure from a second feed with too little overlap to cross-check. 1 has second-feed figures withheld because the two sources disagree.

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.
  • 2 companies draw at least one figure from a second data feed with too little overlapping history to cross-check against the primary source; they are marked unverified wherever those figures appear.
  • 1 company is missing from the second-feed metrics by decision, not by absence: the two sources disagree, so nothing from the second is drawn. Read those rows as narrower evidence, never as a weaker business.
  • Thin comparisons: Valuation have fewer than three usable current readings.
12 · evidence and freshness

How was this comparison built?

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 Jun 2026 and market data through 2026-07-31. 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 2026-07-31 · weekly price and relative-strength history
Derived metricsGrowth, changes and PEG 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 standing1 cross-checked · 3 unverified · 1 withheld, of 5 graded companies.
How a second data feed is admitted, and what happens when it disagrees

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.

13 · questions investors ask, short speakable answers

Cables - Telecom company comparison FAQs

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 Jun 2026. Price and relative-strength answers run through 2026-07-31. Nothing here is estimated, and none of it is a recommendation.

Is the Cables - Telecom sector outperforming NIFTY 500?

Cables - Telecom has outperformed NIFTY 500 by 63.1% over 52 weeks and 43.6% over 13 weeks. 5 of 5 covered companies beat NIFTY on Mansfield relative strength, while 1 of 5 beat the sector itself.

Which Cables - Telecom company is largest by revenue?

Finolex Cables Ltd leads with revenue of ₹6,322 crore, based on 5 of 5 comparable companies through Mar 2026.

Which Cables - Telecom company is growing fastest?

Sterlite Technologies Ltd has the fastest current revenue growth at 36.2%, across 5 of 5 comparable companies.

Which Cables - Telecom company has the strongest 4-Factor Sector Score?

Sterlite Technologies Ltd ranks first at 57.6/100 with 82.3% evidence confidence. The score prioritizes research; it is not a buy recommendation.

Which Cables - Telecom company has the lowest comparable PEG?

Finolex Cables Ltd has the lowest comparable PEG at 2.78, among 1 of 5 companies whose earnings and growth are steady enough for the ratio to mean anything.

How much history does this Cables - Telecom comparison include?

The page compares up to 20 reported quarters per company for fundamentals, returns 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.

What is the Nifty Cables - Telecom index?

The Nifty Cables - Telecom index tracks India's listed Cables - Telecom companies as a single basket. This page follows the same 5 companies and equal-weights them, so every company's weekly return counts once whatever it is worth, and the reading belongs to the Cables - Telecom sector rather than to its largest constituent. Figures are as of Jun 2026.

Which are the best Cables - Telecom stocks in India?

Ranked by this page's four-factor score, Sterlite Technologies Ltd places first among 5 listed Cables - Telecom companies, followed by Birla Cable 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 - Telecom stocks are listed in India?

This comparison covers 5 listed Cables - Telecom 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 - Telecom company is the biggest?

Finolex Cables Ltd is the largest, with trailing-twelve-month revenue of ₹6,322 crore, ahead of Sterlite Technologies Ltd at ₹5,642 crore. That covers 5 of 5 companies with comparable reporting through Mar 2026.

Which Cables - Telecom company has the best profit margins?

Sterlite Technologies Ltd has the highest operating margin at 20%, from 5 of 5 comparable companies. Sterlite Technologies 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 - Telecom company makes the most profit?

Finolex Cables Ltd earns the most, at ₹714 crore of trailing-twelve-month net profit, from 5 of 5 comparable companies. Birla Cable 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 - Telecom company earns the highest return on capital?

Finolex Cables Ltd leads on return on capital employed at 16%, across 5 of 5 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 - Telecom stock is the cheapest?

On PEG — where a LOWER number is cheaper — Finolex Cables Ltd screens cheapest at 2.78×. Only 1 of 5 companies have earnings and growth steady enough for the ratio to mean anything, 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.

Is the Cables - Telecom sector beating the market?

Cables - Telecom has outperformed NIFTY 500 by 63.1% over the last 52 weeks and 43.6% over 13 weeks, measured on an equal-weight index of its current members. Inside the sector, 5 of 5 covered companies are beating the market on their own. Sector strength does not transfer evenly to every stock in it.

Which Cables - Telecom stock has the strongest price momentum?

Sterlite Technologies 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 - Telecom company scores highest for research priority?

Sterlite Technologies Ltd scores 57.6 out of 100 with 82.3% evidence confidence, from 30.6 points on growth and earnings, 6.9 on capital efficiency, 5.1 on valuation and 15 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 - Telecom companies does this comparison cover, and over what period?

It compares 5 listed companies over up to 20 reported quarters of fundamentals, 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 - Telecom sector?

The 5 Cables - Telecom companies on this page carry ₹48,818 crore of combined market value. Sterlite Technologies Ltd is the largest at ₹28,627 crore, about 59% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-08-05.

What is the Cables - Telecom sector's P/E ratio?

The median price-to-earnings ratio across the 5 Cables - Telecom companies on this page is 35.6×, measured on the 5 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 2026-08-05.

How is the Cables - Telecom sector performing?

5 of the 5 covered Cables - Telecom companies are beating NIFTY 500 on Mansfield relative strength. The sector itself is 63.1% ahead of NIFTY 500 over 52 weeks on an equal-weight index of its current members. Readings are as of 2026-08-05.

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.

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