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Indian (NIFTY) Communications Industry Analysis

UpdatedJan 27, 2026
DataAggregated Company Financials
Companies20
  • 7D-2.8%
  • 3M-20.9%
  • 1Y-19.7%
  • YTD-13.2%

Over the last 7 days, the Communications industry has dropped 2.8%, driven by ITI declining 3.7%. Overall the industry is down 20% in 12 months. Looking forward, earnings are forecast to grow by 48% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 28 Jan 2026₹549.2b₹176.1b-₹3,591,714,000.0035x-152.9x3.1x
Fri, 26 Dec 2025₹635.9b₹196.8b₹292.3m47.7x2175.8x3.2x
Sun, 23 Nov 2025₹632.8b₹195.6b₹193.9m45.2x3264.4x3.2x
Tue, 21 Oct 2025₹714.3b₹201.7b-₹797,343,000.0051x-895.9x3.5x
Thu, 18 Sep 2025₹704.7b₹227.5b₹5.2b47.8x135.8x3.1x
Sat, 16 Aug 2025₹644.9b₹227.4b₹5.2b43.1x124.9x2.8x
Mon, 14 Jul 2025₹686.7b₹238.3b₹6.7b25.8x102.9x2.9x
Wed, 11 Jun 2025₹707.5b₹238.3b₹6.4b25.2x110.3x3x
Fri, 09 May 2025₹552.8b₹244.4b₹2.6b23.4x212.1x2.3x
Sun, 06 Apr 2025₹577.4b₹238.7b₹4.9b36.2x116.8x2.4x
Tue, 04 Mar 2025₹547.9b₹238.7b₹4.9b33.1x110.8x2.3x
Thu, 30 Jan 2025₹692.9b₹231.3b₹4.7b37.4x148x3x
Sat, 28 Dec 2024₹779.0b₹210.7b₹2.2b37.7x349.8x3.7x
Mon, 25 Nov 2024₹728.7b₹210.6b₹2.2b37.2x326.3x3.5x
Wed, 23 Oct 2024₹680.7b₹202.3b₹2.3b41.9x292.6x3.4x
Fri, 20 Sep 2024₹757.6b₹177.5b-₹559,479,000.0039x-1354.1x4.3x
Sun, 18 Aug 2024₹756.3b₹177.5b-₹559,478,000.0038.3x-1351.8x4.3x
Tue, 16 Jul 2024₹846.8b₹164.1b-₹592,241,000.0044.3x-1429.8x5.2x
Thu, 13 Jun 2024₹778.7b₹163.2b-₹243,775,000.0038x-3194.2x4.8x
Sat, 11 May 2024₹684.0b₹165.6b₹1.2b37.3x575.4x4.1x
Mon, 08 Apr 2024₹609.2b₹164.0b₹1.1b42.1x531x3.7x
Wed, 06 Mar 2024₹620.2b₹164.0b₹1.1b43.8x541.7x3.8x
Fri, 02 Feb 2024₹677.6b₹159.6b₹845.7m34.3x801.2x4.2x
Sun, 31 Dec 2023₹651.5b₹161.2b₹2.2b23.7x301.7x4x
Tue, 28 Nov 2023₹625.8b₹161.5b₹2.2b24.6x284.4x3.9x
Thu, 26 Oct 2023₹590.6b₹159.7b₹2.4b22.6x247.3x3.7x
Sat, 23 Sep 2023₹515.0b₹158.0b₹2.5b24.9x208.4x3.3x
Mon, 21 Aug 2023₹426.7b₹158.0b₹2.4b24.3x174.3x2.7x
Wed, 19 Jul 2023₹415.5b₹151.3b₹2.3b34.7x181.5x2.7x
Fri, 16 Jun 2023₹385.3b₹150.8b₹2.2b26.1x171.6x2.6x
Sun, 14 May 2023₹371.5b₹143.4b₹4.0b38.9x91.8x2.6x
Tue, 11 Apr 2023₹331.8b₹140.5b₹3.7b32.7x90.7x2.4x
Thu, 09 Mar 2023₹342.2b₹140.5b₹3.7b31.4x93.6x2.4x
Sat, 04 Feb 2023₹324.5b₹133.2b₹3.1b29x104.4x2.4x
Price to Earnings Ratio

104.4x


Total Market Cap: ₹324.5bTotal Earnings: ₹3.1bTotal Revenue: ₹133.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Communications Industry Price to Earnings3Y Average 109.7x202420252026
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 3.3x.
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 9.8% 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-1.43%
Tech-0.17%
Communications-2.81%
Communications Equipment-2.81%
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
532493 Astra Microwave Products₹925.004.0%
+₹3.4b
34.0%PE55.7x
526775 Valiant Communications₹856.0015.3%
+₹1.3b
121.4%PE71.6x
FROG Frog Cellsat₹139.802.9%
+₹62.1m
-62.9%PE9.2x
UMIYA-MRO Umiya Buildcon₹80.142.3%
+₹33.6m
1.4%PE3.8x
SMARTLINK Smartlink Holdings₹122.330.5%
+₹5.6m
-24.7%PE11.7x

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