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RR KabelRRKABEL.NSCompetitor analysis, valuation and peers

India · INR·Capital Goods›Electrical Products

Indian maker of wires and cables (house wiring, industrial cables) plus fans and other electrical consumer products.

Momentum laggard 7
Mkt cap
$2.30B
US dollars, full cap
Free float
28%
of shares outstanding
$/day
$12.3M
20-day average traded
Fwd P/E
28.5×
forward earnings
ROIC−WACC
+1.9 pp
WACC 17.5%
Hurdle
n/a
no reverse DCF
Next earnings
89 days
3 Feb 2027
Close · INR₹1,921
1D-4.6%
1W-6.6%
1M-29.4%
3M-30.5%
6M-0.3%
YTD+32.2%
1Y+36.3%
ATR %5.9%
Beta0.64
52w lowhigh35.6% off high

What RR Kabel does

Indian maker of wires and cables (house wiring, industrial cables) plus fans and other electrical consumer products.

Prices wires and cables off the cost of copper and aluminium, so revenue moves with metal prices and profit depends on holding a premium for its brand. Sales are split between dealer-led retail electricians and direct industrial orders.

Products and services

  • House wires
  • Industrial cables
  • Fans/consumer electricals

Customers

  • Retail electricians/dealers
  • Industrial and construction customers

Where it sits in the supply chain

  • Electrical equipment
  • Wire & cable manufacturing
  • Consumer electricals (fans, appliances)

What could go right

  • Housing/construction wiring demand growth
  • Consumer electricals brand expansion

What could go wrong

  • Copper/aluminum commodity price volatility
  • Retail price competition

Moat: narrow (brand, distribution). Established RR brand and dealer network in wires/cables, but Polycab and Havells have larger retail scale.

Headquarters: Mumbai, India · Founded: 1995 · Employees: 4,040

Named competitors

RR Kabel at a glance

Size RR Kabel (RRKABEL.NS) is an India Industrials company (Electrical Products) with a market value of $2.30B, the 345th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹1,921 on 6 Nov 2026.

Performance Over six months the shares fell 0.3%, against -21.6% for the median peer and 0.0% for the India market (cap-weighted) — 4th highest of 20 in its peer set.

Growth Revenue grew 45.4% over the last twelve months (peer median +23.1%); the operating margin is 7.7% (peer median 10.6%).

Valuation It trades at 28.5× forward earnings against a peer median of 23.7× (6th most expensive of 15).

Capital Return on invested capital runs 1.9 points above its cost of capital (17.5% WACC).

Next results Next results expected around 3 Feb 2027 (exchange calendar; dates can move).

Relative performance

7510012515011 May 202611 Aug 20266 Nov 2026RRKABEL.NS 99Peer median 75
Six months, rebased to 100: RR Kabel against the median of its 20 peers (local-currency closes).

RR Kabel financials

Reported figures in INR; fiscal year ends 2026-03-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue₹120B₹97.2B₹76.1B₹65.9B₹56.0B
Revenue growth—+28%+15%+18%—
Gross profit₹16.1B₹12.0B₹8.56B₹7.92B₹6.33B
EBITDA₹10.3B₹7.95B₹4.89B₹4.68B₹3.30B
Net income₹6.72B₹4.92B₹3.12B₹2.98B₹1.90B
Free cash flown/a-₹624M₹765M₹1.04B₹3.13B
Capital expendituren/a₹2.91B₹3.67B₹1.90B₹1.08B
Total debt₹5.77B₹3.37B₹2.90B₹3.59B₹5.78B

Quarterly statements and history in the cockpit →

RR Kabel competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-50%0%+50%+100%-40%-20%0%+20%600872DIACABS3008700029796001103006026005776036186030920666SMR300398KIRLOSENG002491HBLENGINE6887086409LIGHTRRKABEL.NS6-month return →1-month return →
Up and to the right = strong over both horizons. RR Kabel is the large dot.

Fundamentals: revenue growth against valuation

0%+50%+100%20×40×60×600872DIACABS3008700029796001103006026005776036180025180666300398KIRLOSENG6409LIGHTRRKABEL.NSRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. RR Kabel is the large dot.

RR Kabel competitors and peer comparison

Head to head with its named competitors (RRKABEL.NS vs POLYCAB.NS vs HAVELLS.NS vs KEI.NS)
CompanyMarket cap6M returnRevenue growthOp. marginForward P/EReq g
RR Kabel RRKABEL.NS$2.30B0%+45%8%28.5×n/a
Polycab India POLYCAB.NS$12.5B-13%+41%13%33.8×n/a
Havells India HAVELLS.NS$7.47B-11%+16%7%44.0×39.8%
KEI Industries KEI.NS$4.03B-22%+25%10%33.9×n/a
Finolex Cables FINCABLES.NS$1.76B0%+27%10%19.9×n/a

How RR Kabel compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

RR Kabel against its 20 peers (data as of 6 Nov 2026)
MeasureRRKABEL.NSPeer medianRank in peer set
1-month return-29.4%-15.3%4th lowest of 21
6-month return-0.3%-21.6%4th highest of 20
Distance from 52-week high-35.6%-55.2%6th highest of 21
Revenue growth (TTM)+45.4%+23.1%7th highest of 21
Operating margin7.7%10.6%10th lowest of 21
Forward P/E28.5×23.7×6th most expensive of 15
ROIC minus cost of capital+1.9 pp+0.1 pp8th highest of 20
EV / EBITDA21.5×15.1×2nd most expensive of 9
Net debt / EBITDA0.5×0.1×5th least indebted of 9

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
RR Kabel RRKABEL.NSIndia$2.30B0%+45%8%28.5×n/an/a
Jonjee Hi-Tech Industrial and Commercial 600872.SSChina$2.31B-2%+1%18%21.8×10.0%-3.9%
Diamond Power Infrastructure DIACABS.NSIndia$2.34B+118%+109%10%55.3×n/an/a
Shenzhen Honor Electronic 300870.SZChina$2.26B-66%+10%3%58.9×n/an/a
Shenzhen Leadshine Technology 002979.SZChina$2.36B+14%+44%13%40.6×n/an/a
Tianhai Auto Electronics 001365.SZChina$2.36Bn/a+28%5%n/a6.0%+24.8%
Nuode New Materials 600110.SSChina$2.21B-22%+100%4%37.0×n/an/a
Shenzhen FRD Science & Technology 300602.SZChina$2.39B-23%+24%7%25.3×n/an/a
Tongling Jingda Special Magnet Wire 600577.SSChina$2.39B-45%+26%3%20.4×9.8%+14.7%
Hangzhou Cable 603618.SSChina$2.40B-18%+18%7%10.6×15.2%+9.8%
Delijia Transmission Technology (Jiangsu) 603092.SSChina$2.41B-45%+45%17%n/a7.2%+20.3%
Shenzhen Kstar Science and Technology 002518.SZChina$2.41B-40%+21%13%22.1×24.2%+16.9%
Rept Battero Energy 0666.HKHong Kong$2.19B-57%+56%6%10.0×n/an/a
NuScale Power SMRUnited States$2.18B-60%-81%-6,854%n/an/an/a
PhiChem 300398.SZChina$2.43B-6%+15%17%27.3×19.6%+11.7%
Kirloskar Oil Engines KIRLOSENG.NSIndia$2.44B-8%+23%15%36.6×25.3%+18.6%
Tongding Interconnection Information 002491.SZChina$2.44B-15%+50%11%n/an/an/a
HBL Engineering HBLENGINE.NSIndia$2.46B-1%+63%31%n/a22.6%+29.4%
Chengdu Jiachi Electronic Technology 688708.SSChina$2.11B-33%-7%26%n/an/an/a
Voltronic Power Technology 6409.TWTaiwan$2.10B+1%-13%20%21.5×6.2%+8.5%
Signify LIGHT.ASNetherlands$2.09B-26%-8%7%8.5×-12.5%-2.4%

Questions

Who are RR Kabel's main competitors?
Named competitors: Polycab India (POLYCAB.NS), Havells India (HAVELLS.NS), KEI Industries (KEI.NS), Finolex Cables (FINCABLES.NS). The cockpit's measured peer set (industry) also includes Jonjee Hi-Tech Industrial and Commercial (600872.SS), Diamond Power Infrastructure (DIACABS.NS), Shenzhen Honor Electronic (300870.SZ), Shenzhen Leadshine Technology (002979.SZ), Tianhai Auto Electronics (001365.SZ), Nuode New Materials (600110.SS).
Is RR Kabel expensive compared with its peers?
On forward p/e it trades at 28.5× against a peer median of 23.7×, 6th most expensive of 15 in its peer set.
How has RR Kabel stock performed?
Over six months to 6 Nov 2026 the shares returned -0.3% against -21.6% for the median peer; over one year +36.3%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.