Glass fibre and OFC cables that carry backhaul and access traffic to and from the tower.
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Finolex Cables (FINCABLES)
Primarily electrical/building wires; communication cables (LAN/telecom copper) are a minority segment
Price
₹1,140
snapshot 30 Oct 2026
Strengths
Backed by a large, financially strong core electrical-wires business, giving its communication-cables segment stable funding even while it stays a minority revenue line
Risks
Communication cables are explicitly a minority segment behind the much larger electrical/building-wire business
Market cap, ratios, CAGR and revenue: company table snapshot as of 30 Oct 2026 (the same figures on every page). Price: snapshot as of 30 Oct 2026. Not investment advice.
Where it fits
Glass fibre and OFC cables that carry backhaul traffic from the tower back to the core network, and access traffic the last mile to enterprises and homes.
Why it matters
5G's bandwidth and latency promises depend on fibreised backhaul - towers still linked by microwave or legacy copper cap how much 5G capacity can actually be delivered.
Where the value pool sits
Fibre/cable makers earn volume-driven manufacturing revenue, with margins that swing sharply with the industry's boom-bust OFC pricing cycles.
Key drivers
Operator fibreisation-of-backhaul targets
Fixed broadband (FTTH) rollout
Data-centre and enterprise connectivity demand
Potential bottlenecks
Right-of-way and trenching permissions for new fibre routes
Cyclical OFC pricing - global oversupply has driven multi-year industry losses
Fibreisation lagging tower rollout, leaving many sites on microwave backhaul
Investor metrics to watch
OFC volume growth and utilisation
Pricing recovery versus the prior downcycle
Share of revenue from telecom vs. other cable end-markets