Narrative Update • Jun 04
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Indian (NIFTY) Communications Equipment Industry Analysis
UpdatedJun 07, 2026
DataAggregated Company Financials
Companies20
- 7D5.5%
- 3M55.4%
- 1Y36.8%
- YTDn/a
The Communications Equipment industry is up 5.5% in the last week, with Sterlite Technologies up 15%. Meanwhile, Vindhya Telelinks actually underperformed within the industry, shrinking 9.8% in the last week. This means that the industry has gained 37% over the past year. Looking forward, earnings are forecast to grow by 45% annually.
Industry Valuation and Performance
Has the Indian Communications Equipment Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 07 Jun 2026 | ₹964.6b | ₹155.7b | -₹4,423,692,000.00 | 65.1x | -218.1x | 6.2x |
| Tue, 05 May 2026 | ₹732.0b | ₹158.0b | -₹4,565,382,000.00 | 56.6x | -160.3x | 4.6x |
| Thu, 02 Apr 2026 | ₹588.3b | ₹168.5b | -₹3,743,448,000.00 | 44.6x | -157.2x | 3.5x |
| Sat, 28 Feb 2026 | ₹606.9b | ₹168.5b | -₹3,743,448,000.00 | 53.3x | -162.1x | 3.6x |
| Mon, 26 Jan 2026 | ₹549.2b | ₹176.4b | -₹3,418,223,000.00 | 35x | -160.7x | 3.1x |
| Wed, 24 Dec 2025 | ₹632.1b | ₹196.8b | ₹292.3m | 46.3x | 2162.6x | 3.2x |
| Fri, 21 Nov 2025 | ₹648.4b | ₹195.5b | ₹151.5m | 59.8x | 4279.2x | 3.3x |
| Sun, 19 Oct 2025 | ₹714.3b | ₹227.5b | ₹5.2b | 57.1x | 137.1x | 3.1x |
| Tue, 16 Sep 2025 | ₹701.9b | ₹227.5b | ₹5.2b | 46x | 135.3x | 3.1x |
| Thu, 14 Aug 2025 | ₹653.4b | ₹227.1b | ₹4.8b | 41.5x | 136.1x | 2.9x |
| Sat, 12 Jul 2025 | ₹697.7b | ₹238.3b | ₹6.7b | 26.3x | 104.6x | 2.9x |
| Mon, 09 Jun 2025 | ₹702.3b | ₹238.3b | ₹6.4b | 25x | 109.5x | 2.9x |
| Wed, 07 May 2025 | ₹561.2b | ₹244.4b | ₹2.6b | 23.5x | 215.3x | 2.3x |
| Fri, 04 Apr 2025 | ₹597.4b | ₹238.7b | ₹4.9b | 37.2x | 120.8x | 2.5x |
| Sun, 02 Mar 2025 | ₹544.8b | ₹238.7b | ₹4.9b | 32.6x | 110.2x | 2.3x |
| Tue, 28 Jan 2025 | ₹694.2b | ₹231.3b | ₹4.7b | 36.2x | 148.3x | 3x |
| Thu, 26 Dec 2024 | ₹804.9b | ₹210.7b | ₹2.2b | 36.6x | 361.4x | 3.8x |
| Sat, 23 Nov 2024 | ₹728.7b | ₹210.6b | ₹2.2b | 37.2x | 326.3x | 3.5x |
| Mon, 21 Oct 2024 | ₹702.0b | ₹202.1b | ₹2.3b | 43.5x | 301.7x | 3.5x |
| Wed, 18 Sep 2024 | ₹775.1b | ₹177.5b | -₹559,479,000.00 | 37.2x | -1385.5x | 4.4x |
| Fri, 16 Aug 2024 | ₹747.3b | ₹177.5b | -₹562,883,000.00 | 38.5x | -1327.7x | 4.2x |
| Sun, 14 Jul 2024 | ₹844.0b | ₹164.1b | -₹592,241,000.00 | 43.5x | -1425.2x | 5.1x |
| Tue, 11 Jun 2024 | ₹748.6b | ₹163.2b | -₹243,775,000.00 | 35.9x | -3070.7x | 4.6x |
| Thu, 09 May 2024 | ₹692.5b | ₹172.4b | ₹2.8b | 50.4x | 251x | 4x |
| Sat, 06 Apr 2024 | ₹609.2b | ₹164.0b | ₹1.1b | 42.1x | 531x | 3.7x |
| Mon, 04 Mar 2024 | ₹629.4b | ₹164.0b | ₹1.1b | 44.9x | 549.8x | 3.8x |
| Wed, 31 Jan 2024 | ₹664.8b | ₹159.6b | ₹845.7m | 34x | 786x | 4.2x |
| Fri, 29 Dec 2023 | ₹647.4b | ₹161.2b | ₹2.2b | 23.5x | 299.8x | 4x |
| Sun, 26 Nov 2023 | ₹625.8b | ₹161.5b | ₹2.2b | 24.6x | 284.4x | 3.9x |
| Tue, 24 Oct 2023 | ₹592.6b | ₹159.7b | ₹2.4b | 23.4x | 248.1x | 3.7x |
| Thu, 21 Sep 2023 | ₹511.1b | ₹158.0b | ₹2.5b | 24.9x | 206.8x | 3.2x |
| Sat, 19 Aug 2023 | ₹426.7b | ₹158.0b | ₹2.4b | 24.3x | 174.3x | 2.7x |
| Mon, 17 Jul 2023 | ₹421.1b | ₹151.3b | ₹2.3b | 36.7x | 184x | 2.8x |
| Wed, 14 Jun 2023 | ₹388.3b | ₹153.3b | ₹2.2b | 24.7x | 172.9x | 2.5x |
Price to Earnings Ratio
172.9x
Current Industry PE
- Investors are optimistic on the Indian Communications Equipment industry, and appear confident in long term growth rates.
- The 3-year average PS ratio of 3.6x is lower than the industry's current PS ratio of 6.2x.
Past Earnings Growth
- Total earnings for the Communications Equipment industry have declined over the last three years, with the industry now making a loss overall.
- Meanwhile revenues have remained mostly flat.
- This means that although sales have remained flat, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Comparison
How does Indian Communications Equipment compare with similar industries?
| IN Market | -0.83% | |
| Tech | 0.053% | |
| Communications | 5.47% | |
| Communications Equipment | 5.47% | |
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 | |
|---|---|---|---|---|---|
| 532374 Sterlite Technologies | ₹619.35 | 15.5% +₹40.5b | 716.5% | PE539.9x | |
| TEJASNET Tejas Networks | ₹576.20 | 10.7% +₹9.9b | -20.7% | PS9.3x | |
| 532493 Astra Microwave Products | ₹1.42k | 1.3% +₹1.7b | 25.3% | PE71.3x | |
| BIRLACABLE Birla Cable | ₹223.90 | 15.5% +₹899.7m | 23.4% | PE39.7x | |
| 523610 ITI | ₹302.35 | 0.3% +₹768.7m | -7.1% | PS11.2x |