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Indian (NIFTY) Communications Industry Analysis
UpdatedSep 18, 2025
DataAggregated Company Financials
Companies20
- 7D4.8%
- 3M2.3%
- 1Y-9.4%
- YTD-15.9%
The Communications industry is up 4.8% in the last week, with ITI up 2.9%. During this same period, the ADC India Communications underperformed, falling 5.2%. However, the industry is down 9.4% over the past year. Earnings are forecast to grow by 36% annually.
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 |
|---|---|---|---|---|---|---|
| Fri, 19 Sep 2025 | ₹704.7b | ₹227.5b | ₹5.2b | 47.8x | 135.8x | 3.1x |
| Sun, 17 Aug 2025 | ₹644.9b | ₹227.4b | ₹5.2b | 43.1x | 124.7x | 2.8x |
| Tue, 15 Jul 2025 | ₹691.0b | ₹238.3b | ₹6.7b | 25.8x | 103.6x | 2.9x |
| Thu, 12 Jun 2025 | ₹708.4b | ₹238.3b | ₹6.4b | 25.4x | 110.4x | 3x |
| Sat, 10 May 2025 | ₹552.9b | ₹244.4b | ₹2.6b | 23.2x | 212.1x | 2.3x |
| Mon, 07 Apr 2025 | ₹577.4b | ₹238.7b | ₹4.9b | 36.2x | 116.8x | 2.4x |
| Wed, 05 Mar 2025 | ₹549.0b | ₹238.7b | ₹4.9b | 34.8x | 111x | 2.3x |
| Fri, 31 Jan 2025 | ₹689.8b | ₹231.3b | ₹4.7b | 37.9x | 147.3x | 3x |
| Sun, 29 Dec 2024 | ₹779.0b | ₹210.7b | ₹2.2b | 37.7x | 349.8x | 3.7x |
| Tue, 26 Nov 2024 | ₹741.1b | ₹210.6b | ₹2.2b | 37.1x | 331.9x | 3.5x |
| Thu, 24 Oct 2024 | ₹695.3b | ₹202.3b | ₹2.3b | 42.4x | 298.9x | 3.4x |
| Sat, 21 Sep 2024 | ₹757.6b | ₹177.5b | -₹559,479,000.00 | 37.4x | -1354.1x | 4.3x |
| Mon, 19 Aug 2024 | ₹756.3b | ₹177.5b | -₹559,478,000.00 | 38.3x | -1351.8x | 4.3x |
| Wed, 17 Jul 2024 | ₹844.3b | ₹164.1b | -₹592,241,000.00 | 44.4x | -1425.5x | 5.1x |
| Fri, 14 Jun 2024 | ₹787.5b | ₹164.8b | -₹243,775,000.00 | 37.5x | -3230.3x | 4.8x |
| Sun, 12 May 2024 | ₹684.0b | ₹165.2b | ₹1.1b | 37.3x | 615.5x | 4.1x |
| Tue, 09 Apr 2024 | ₹608.7b | ₹164.0b | ₹1.1b | 42.1x | 530.6x | 3.7x |
| Thu, 07 Mar 2024 | ₹606.2b | ₹164.0b | ₹1.1b | 42.7x | 529.4x | 3.7x |
| Sat, 03 Feb 2024 | ₹678.7b | ₹159.6b | ₹845.7m | 33.9x | 802.5x | 4.3x |
| Mon, 01 Jan 2024 | ₹651.5b | ₹161.2b | ₹2.2b | 23.7x | 301.7x | 4x |
| Wed, 29 Nov 2023 | ₹617.7b | ₹161.5b | ₹2.2b | 24.3x | 280.7x | 3.8x |
| Fri, 27 Oct 2023 | ₹598.7b | ₹159.7b | ₹2.4b | 22.3x | 250.6x | 3.7x |
| Sun, 24 Sep 2023 | ₹515.0b | ₹158.0b | ₹2.5b | 24.9x | 208.4x | 3.3x |
| Tue, 22 Aug 2023 | ₹426.7b | ₹158.0b | ₹2.4b | 25.7x | 174.3x | 2.7x |
| Thu, 20 Jul 2023 | ₹427.9b | ₹151.3b | ₹2.3b | 34.8x | 187x | 2.8x |
| Sat, 17 Jun 2023 | ₹389.1b | ₹150.8b | ₹2.2b | 25.9x | 173.3x | 2.6x |
| Mon, 15 May 2023 | ₹371.5b | ₹143.4b | ₹4.1b | 38.9x | 91.6x | 2.6x |
| Wed, 12 Apr 2023 | ₹333.9b | ₹140.5b | ₹3.7b | 32.8x | 91.3x | 2.4x |
| Fri, 10 Mar 2023 | ₹340.9b | ₹140.5b | ₹3.7b | 31.3x | 93.3x | 2.4x |
| Sun, 05 Feb 2023 | ₹324.5b | ₹133.2b | ₹3.1b | 36x | 103.7x | 2.4x |
| Tue, 03 Jan 2023 | ₹351.3b | ₹127.3b | ₹1.1b | 28x | 331.3x | 2.8x |
| Thu, 01 Dec 2022 | ₹369.6b | ₹127.3b | ₹1.0b | 29.4x | 352.1x | 2.9x |
| Sat, 29 Oct 2022 | ₹353.4b | ₹123.5b | ₹2.1b | 28.8x | 166.3x | 2.9x |
| Mon, 26 Sep 2022 | ₹341.6b | ₹121.5b | ₹2.0b | 23.6x | 171.5x | 2.8x |
Price to Earnings Ratio
171.5x
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 136x which is higher than its 3-year average PE of 43.5x.
- 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 grown 38% per year over the last three years.
- Revenues for these companies have grown 23% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Indian Tech industry?
| IN Market | 1.75% | |
| Tech | 1.13% | |
| Communications | 4.76% | |
| Communications Equipment | 4.76% | |
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 | |
|---|---|---|---|---|---|
| 523610 ITI | ₹316.45 | 2.9% +₹8.7b | 13.0% | PS8.5x | |
| 532493 Astra Microwave Products | ₹1.09k | 7.1% +₹7.0b | 23.4% | PE64.7x | |
| TEJASNET Tejas Networks | ₹615.35 | 4.1% +₹4.3b | -50.3% | PE62.1x | |
| 532374 Sterlite Technologies | ₹123.20 | 7.0% +₹3.9b | -2.8% | PS1.5x | |
| 532406 Avantel | ₹177.05 | 5.7% +₹2.5b | 4.0% | PE89.7x |
