Header cover image

Indian (NIFTY) Communications Industry Analysis

UpdatedMar 31, 2026
DataAggregated Company Financials
Companies20
  • 7D-3.7%
  • 3M-12.1%
  • 1Y-2.8%
  • YTD-12.7%

Over the last 7 days, the Communications industry has dropped 4.9%, driven by a pullback from ITI of 6.1%. On the other hand Avantel is actually up 6.9%. As for the longer term, the industry's performance has been flat for the past year. Looking forward, earnings are forecast to grow by 64% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 31 Mar 2026₹554.5b₹168.5b-₹3,743,448,000.0041.3x-148.1x3.3x
Thu, 26 Feb 2026₹589.4b₹168.5b-₹3,743,448,000.0053.1x-157.5x3.5x
Sat, 24 Jan 2026₹549.2b₹173.7b-₹3,378,223,000.0035x-162.6x3.2x
Mon, 22 Dec 2025₹623.9b₹196.8b₹292.3m43.5x2134.5x3.2x
Wed, 19 Nov 2025₹658.3b₹195.5b₹151.5m60x4344.9x3.4x
Fri, 17 Oct 2025₹714.4b₹227.5b₹5.2b59.7x136.4x3.1x
Sun, 14 Sep 2025₹684.0b₹227.5b₹5.2b45.4x131.8x3x
Tue, 12 Aug 2025₹649.7b₹227.2b₹4.8b41.8x136x2.9x
Thu, 10 Jul 2025₹702.3b₹238.7b₹6.7b26.4x105.3x2.9x
Sat, 07 Jun 2025₹698.8b₹238.3b₹6.6b23.6x106.7x2.9x
Mon, 05 May 2025₹569.0b₹244.4b₹2.6b23.8x218.3x2.3x
Wed, 02 Apr 2025₹577.0b₹238.7b₹4.9b34.5x116.7x2.4x
Fri, 28 Feb 2025₹565.9b₹238.7b₹4.9b32.8x114.4x2.4x
Sun, 26 Jan 2025₹739.2b₹231.3b₹4.7b38.9x157.9x3.2x
Tue, 24 Dec 2024₹790.2b₹210.7b₹2.2b35.4x354.8x3.8x
Thu, 21 Nov 2024₹746.8b₹210.6b₹2.2b37.7x334.4x3.5x
Sat, 19 Oct 2024₹701.6b₹177.3b-₹551,251,000.0048.8x-1272.7x4x
Mon, 16 Sep 2024₹788.7b₹177.5b-₹559,479,000.0034.2x-1409.6x4.4x
Wed, 14 Aug 2024₹756.9b₹177.2b-₹772,753,000.0044.7x-979.5x4.3x
Fri, 12 Jul 2024₹821.0b₹164.2b-₹580,541,000.0043.9x-1414.3x5x
Sun, 09 Jun 2024₹748.6b₹162.9b-₹313,350,000.0039.2x-2388.9x4.6x
Tue, 07 May 2024₹694.2b₹172.4b₹2.8b51.3x251.6x4x
Thu, 04 Apr 2024₹603.4b₹164.0b₹1.1b40.4x526x3.7x
Sat, 02 Mar 2024₹624.3b₹164.0b₹1.1b44.5x545.2x3.8x
Mon, 29 Jan 2024₹672.6b₹159.6b₹845.7m34.7x795.3x4.2x
Wed, 27 Dec 2023₹650.4b₹161.2b₹2.2b24x301.2x4x
Fri, 24 Nov 2023₹619.4b₹161.5b₹2.2b24.7x281.5x3.8x
Sun, 22 Oct 2023₹640.8b₹159.7b₹2.4b24.6x268.3x4x
Tue, 19 Sep 2023₹522.2b₹158.0b₹2.5b25.1x211.2x3.3x
Thu, 17 Aug 2023₹431.0b₹158.0b₹2.4b24.4x176x2.7x
Sat, 15 Jul 2023₹421.1b₹151.3b₹2.3b36.7x184x2.8x
Mon, 12 Jun 2023₹389.1b₹153.3b₹2.2b24.7x173.3x2.5x
Wed, 10 May 2023₹371.9b₹143.4b₹4.0b37.8x91.9x2.6x
Fri, 07 Apr 2023₹331.8b₹140.5b₹3.7b32.4x90.7x2.4x
Price to Earnings Ratio

90.7x


Total Market Cap: ₹331.8bTotal Earnings: ₹3.7bTotal Revenue: ₹140.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Communications Industry Price to Earnings3Y Average 95.3x202420252026
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-0.82%
Tech-0.95%
Communications-3.69%
Communications Equipment-3.69%
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
532406 Avantel₹126.456.9%
+₹2.2b
11.5%PE205.9x
532374 Sterlite Technologies₹176.452.1%
+₹1.7b
117.9%PE2871x
FROG Frog Cellsat₹133.756.4%
+₹125.0m
-38.5%PE8.8x

Latest News