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Indian (NIFTY) Communications Industry Analysis

UpdatedMar 26, 2026
DataAggregated Company Financials
Companies20
  • 7D-2.7%
  • 3M-5.8%
  • 1Y5.4%
  • YTD-5.3%

Over the last 7 days, the Communications industry has dropped 4.8%, driven by declines in ITI and Tejas Networks of 1.9% and 5.8%, respectively. Meanwhile, Frog Cellsat actually outperformed within the industry, gaining 19% in the last week. Over the last year, the industry has been flat overall. Looking forward, earnings are forecast to grow by 63% annually.

Industry Valuation and Performance

Has the Indian Communications Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 26 Mar 2026₹601.8b₹168.5b-₹3,743,448,000.0046.6x-160.8x3.6x
Sat, 21 Feb 2026₹595.0b₹168.5b-₹3,743,448,000.0054.3x-158.9x3.5x
Mon, 19 Jan 2026₹594.8b₹173.6b-₹3,368,216,000.0037.8x-176.6x3.4x
Wed, 17 Dec 2025₹611.5b₹195.5b₹201.1m53.3x3040.3x3.1x
Fri, 14 Nov 2025₹674.2b₹200.4b₹8.6m55.4x78317.9x3.4x
Sun, 12 Oct 2025₹723.9b₹227.5b₹5.2b54.6x139.5x3.2x
Tue, 09 Sep 2025₹677.2b₹227.5b₹5.2b46x130.5x3x
Thu, 07 Aug 2025₹647.1b₹226.3b₹4.5b22.5x144.8x2.9x
Sat, 05 Jul 2025₹715.2b₹238.3b₹6.4b26.1x112.2x3x
Mon, 02 Jun 2025₹703.6b₹239.1b₹6.5b26.3x108.2x2.9x
Wed, 30 Apr 2025₹586.1b₹244.4b₹2.6b32.9x227.2x2.4x
Fri, 28 Mar 2025₹563.9b₹238.7b₹4.9b33.4x114x2.4x
Sun, 23 Feb 2025₹608.3b₹238.7b₹4.9b38x123x2.5x
Tue, 21 Jan 2025₹810.8b₹210.0b₹2.5b44.4x330.6x3.9x
Thu, 19 Dec 2024₹839.3b₹210.7b₹2.2b37.1x376.9x4x
Sat, 16 Nov 2024₹743.3b₹202.7b₹1.6b38.8x458.4x3.7x
Mon, 14 Oct 2024₹715.6b₹177.7b-₹491,184,000.0033.9x-1456.8x4x
Wed, 11 Sep 2024₹789.4b₹177.5b-₹559,478,000.0036.2x-1410.9x4.4x
Fri, 09 Aug 2024₹773.8b₹173.8b-₹486,171,000.0040.1x-1591.6x4.5x
Sun, 07 Jul 2024₹838.7b₹164.7b-₹580,541,000.0047.1x-1444.6x5.1x
Tue, 04 Jun 2024₹744.1b₹164.0b-₹358,924,000.0040.1x-2073.1x4.5x
Thu, 02 May 2024₹728.9b₹172.4b₹2.8b53x264.2x4.2x
Sat, 30 Mar 2024₹546.2b₹164.0b₹1.1b36.6x476.2x3.3x
Mon, 26 Feb 2024₹654.4b₹164.0b₹1.1b46.8x571.6x4x
Wed, 24 Jan 2024₹655.2b₹164.9b₹2.1b23.1x311.2x4x
Fri, 22 Dec 2023₹636.2b₹161.2b₹2.2b23.7x294.6x3.9x
Sun, 19 Nov 2023₹605.5b₹161.4b₹2.2b25.3x274.7x3.8x
Tue, 17 Oct 2023₹612.6b₹158.0b₹2.5b24.2x247.9x3.9x
Thu, 14 Sep 2023₹534.6b₹158.0b₹2.5b25.1x216.3x3.4x
Sat, 12 Aug 2023₹426.9b₹153.0b₹2.4b26.5x176.9x2.8x
Mon, 10 Jul 2023₹388.5b₹150.8b₹2.2b29.5x173x2.6x
Wed, 07 Jun 2023₹382.1b₹150.9b₹1.9b28.3x197.9x2.5x
Fri, 05 May 2023₹352.2b₹143.4b₹4.0b36.1x87x2.5x
Sun, 02 Apr 2023₹314.8b₹140.5b₹3.7b29.4x86.1x2.2x
Price to Earnings Ratio

86.1x


Total Market Cap: ₹314.8bTotal Earnings: ₹3.7bTotal Revenue: ₹140.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Communications Industry Price to Earnings3Y Average 96.4x202420252026
Current Industry PE
  • Investors are relatively neutral on the Indian Communications industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PS ratio of 3.4x.
Past Earnings Growth
  • Total earnings for the Communications industry have declined over the last three years, with the industry now making a loss overall.
  • Meanwhile revenues have grown 6.2% 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-1.90%
Tech-0.65%
Communications-2.66%
Communications Equipment-2.66%
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?

CompanyLast Price7D1YValuation
FROG Frog Cellsat₹154.2518.7%
+₹378.1m
-32.5%PE10.2x
523419 Tamilnadu Telecommunications₹8.994.9%
+₹19.2m
4.2%PE-2.5x
523411 ADC India Communications₹1.24k0.3%
+₹18.4m
-0.6%PE31.1x
531158 Catvision₹16.941.3%
+₹1.2m
-33.5%PS0.4x

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