Universal Cables Expands Beyond Wires Into Power Equipment

Universal Cables (

) is becoming more than a conventional wires and cables company as its Power Capacitor Division gains momentum alongside its core cable business. In Q1 FY27, the Power Capacitor Division recorded 63.1% YoY revenue growth, while the company's total order book stood at ₹2,860 crore as of July 1, 2026, including ₹485 crore of export orders. The company has also indicated a 25% revenue growth target for FY27. The interesting part is the change in business mix. Power capacitors are used across transmission, distribution and industrial power applications, giving Universal Cables exposure to the broader investment happening in India's electricity infrastructure. The company therefore offers a less obvious way to participate in the power-capex cycle. The opportunity is not only in cables, but also in the equipment required to make the power network more efficient and reliable.