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Indian (NIFTY) Communications Industry Analysis
UpdatedDec 08, 2025
DataAggregated Company Financials
Companies19
- 7D-2.8%
- 3M-8.6%
- 1Y-24.5%
- YTD-26.0%
Over the last 7 days, the Communications industry has dropped 2.8%, driven by a pullback from ITI of 2.6%. Overall the industry is down 24% in 12 months. As for the next few years, earnings are expected to grow by 47% per annum.
Industry Valuation and Performance
Has the Indian Communications Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 08 Dec 2025 | ₹619.0b | ₹195.5b | ₹201.1m | 54.7x | 3077.7x | 3.2x |
| Wed, 05 Nov 2025 | ₹685.0b | ₹201.7b | -₹783,724,000.00 | 48.1x | -874.1x | 3.4x |
| Fri, 03 Oct 2025 | ₹678.1b | ₹227.5b | ₹5.2b | 58.8x | 130.7x | 3x |
| Sun, 31 Aug 2025 | ₹640.2b | ₹227.5b | ₹5.2b | 46.9x | 123.4x | 2.8x |
| Tue, 29 Jul 2025 | ₹641.7b | ₹226.3b | ₹4.5b | 22.3x | 143.6x | 2.8x |
| Thu, 26 Jun 2025 | ₹701.6b | ₹238.3b | ₹6.4b | 24x | 110.1x | 2.9x |
| Sat, 24 May 2025 | ₹640.4b | ₹234.0b | ₹4.2b | 27.5x | 151.7x | 2.7x |
| Mon, 21 Apr 2025 | ₹614.5b | ₹238.7b | ₹4.9b | 29.2x | 124.7x | 2.6x |
| Wed, 19 Mar 2025 | ₹542.1b | ₹238.7b | ₹4.9b | 32.8x | 109.6x | 2.3x |
| Fri, 14 Feb 2025 | ₹628.2b | ₹231.2b | ₹4.4b | 41.8x | 142.6x | 2.7x |
| Sun, 12 Jan 2025 | ₹854.8b | ₹210.7b | ₹2.2b | 35.8x | 384.4x | 4.1x |
| Tue, 10 Dec 2024 | ₹856.6b | ₹210.7b | ₹2.2b | 38.1x | 384.6x | 4.1x |
| Thu, 07 Nov 2024 | ₹732.5b | ₹202.5b | ₹1.6b | 43.6x | 444.4x | 3.6x |
| Sat, 05 Oct 2024 | ₹714.0b | ₹177.5b | -₹559,479,000.00 | 33.5x | -1276.2x | 4x |
| Mon, 02 Sep 2024 | ₹806.3b | ₹177.5b | -₹559,478,000.00 | 35.3x | -1441.1x | 4.5x |
| Wed, 31 Jul 2024 | ₹823.2b | ₹177.1b | ₹423.9m | 42.9x | 1941.9x | 4.6x |
| Fri, 28 Jun 2024 | ₹819.5b | ₹164.7b | -₹580,541,000.00 | 43.8x | -1411.6x | 5x |
| Sun, 26 May 2024 | ₹733.3b | ₹166.0b | ₹1.6b | 41.5x | 453.4x | 4.4x |
| Tue, 23 Apr 2024 | ₹599.8b | ₹163.9b | ₹1.1b | 48.1x | 522.9x | 3.7x |
| Thu, 21 Mar 2024 | ₹541.4b | ₹164.0b | ₹1.1b | 37.1x | 472x | 3.3x |
| Sat, 17 Feb 2024 | ₹649.0b | ₹164.0b | ₹1.1b | 43.7x | 567.5x | 4x |
| Mon, 15 Jan 2024 | ₹658.9b | ₹161.2b | ₹2.2b | 23.9x | 305.1x | 4.1x |
| Wed, 13 Dec 2023 | ₹640.4b | ₹161.2b | ₹2.2b | 23.3x | 296.6x | 4x |
| Fri, 10 Nov 2023 | ₹592.7b | ₹157.7b | ₹2.1b | 24.1x | 289.1x | 3.8x |
| Sun, 08 Oct 2023 | ₹535.3b | ₹158.0b | ₹2.5b | 24.1x | 216.6x | 3.4x |
| Tue, 05 Sep 2023 | ₹476.0b | ₹158.0b | ₹2.4b | 29x | 194.4x | 3x |
| Thu, 03 Aug 2023 | ₹414.8b | ₹152.5b | ₹2.3b | 31.3x | 176.7x | 2.7x |
| Sat, 01 Jul 2023 | ₹388.3b | ₹150.8b | ₹2.2b | 25.1x | 172.9x | 2.6x |
| Mon, 29 May 2023 | ₹370.5b | ₹154.5b | ₹6.2b | 29.7x | 59.7x | 2.4x |
| Wed, 26 Apr 2023 | ₹339.8b | ₹142.4b | ₹4.0b | 31.8x | 84.9x | 2.4x |
| Fri, 24 Mar 2023 | ₹319.0b | ₹140.5b | ₹3.7b | 29.6x | 87.3x | 2.3x |
| Sun, 19 Feb 2023 | ₹344.3b | ₹140.5b | ₹3.7b | 32.3x | 94.2x | 2.4x |
| Tue, 17 Jan 2023 | ₹338.0b | ₹127.3b | ₹1.1b | 28.5x | 318.8x | 2.7x |
| Thu, 15 Dec 2022 | ₹360.0b | ₹127.3b | ₹1.0b | 29.7x | 343x | 2.8x |
Price to Earnings Ratio
343x
Current Industry PE
- Investors are optimistic on the Indian Communications industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 3kx which is higher than its 3-year average PE of 50.0x.
- The industry is trading close to its 3-year average PS ratio of 3.3x.
Past Earnings Growth
- The earnings for companies in the Communications industry have declined 42% per year over the last three years.
- Meanwhile revenues for these companies have grown 15% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Trends
Which industries have driven the changes within the Indian Tech industry?
| IN Market | -0.83% | |
| Tech | 1.80% | |
| Communications | -2.77% | |
| Communications Equipment | -2.77% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| SMARTLINK Smartlink Holdings | ₹135.83 | 1.4% +₹18.3m | -37.5% | PE13x |