Narrative Update • Jul 02
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Indian (NIFTY) Communications Equipment Industry Analysis
UpdatedJul 23, 2026
DataAggregated Company Financials
Companies20
- 7D-0.3%
- 3M29.8%
- 1Y38.2%
- YTDn/a
Last week, the Communications Equipment industry hasn't moved much but Sterlite Technologies is up 3.0% in that time. The past year has been better, since the industry has gained 37% in that time. As for the next few years, earnings are expected to grow by 42% per annum.
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 |
|---|---|---|---|---|---|---|
| Thu, 23 Jul 2026 | ₹933.8b | ₹151.7b | -₹299,033,000.00 | 54x | -3122.8x | 6.2x |
| Sat, 20 Jun 2026 | ₹1.0t | ₹151.5b | -₹14,148,000.00 | 58x | -73445.9x | 6.9x |
| Mon, 18 May 2026 | ₹782.7b | ₹156.9b | -₹4,565,382,000.00 | 64.7x | -171.5x | 5x |
| Wed, 15 Apr 2026 | ₹679.8b | ₹168.5b | -₹3,743,448,000.00 | 56.2x | -181.6x | 4x |
| Fri, 13 Mar 2026 | ₹626.6b | ₹168.5b | -₹3,743,448,000.00 | 54.6x | -167.4x | 3.7x |
| Sun, 08 Feb 2026 | ₹593.1b | ₹173.6b | -₹3,904,578,000.00 | 33.5x | -151.9x | 3.4x |
| Tue, 06 Jan 2026 | ₹635.5b | ₹197.0b | ₹315.4m | 49.4x | 2015.1x | 3.2x |
| Thu, 04 Dec 2025 | ₹629.3b | ₹195.5b | ₹201.1m | 38.5x | 3129.1x | 3.2x |
| Sat, 01 Nov 2025 | ₹683.5b | ₹201.7b | -₹797,343,000.00 | 50.7x | -857.2x | 3.4x |
| Mon, 29 Sep 2025 | ₹676.0b | ₹227.5b | ₹5.2b | 59.4x | 130.3x | 3x |
| Wed, 27 Aug 2025 | ₹649.0b | ₹227.4b | ₹5.2b | 48.1x | 125.5x | 2.9x |
| Fri, 25 Jul 2025 | ₹664.1b | ₹224.8b | ₹3.9b | 22.8x | 169x | 3x |
| Sun, 22 Jun 2025 | ₹694.3b | ₹238.3b | ₹6.4b | 22.8x | 109x | 2.9x |
| Tue, 20 May 2025 | ₹642.9b | ₹234.4b | ₹3.5b | 27x | 184.9x | 2.7x |
| Thu, 17 Apr 2025 | ₹615.3b | ₹238.7b | ₹4.9b | 35.7x | 124.4x | 2.6x |
| Sat, 15 Mar 2025 | ₹541.8b | ₹238.7b | ₹4.9b | 33.4x | 109.6x | 2.3x |
| Mon, 10 Feb 2025 | ₹672.1b | ₹231.5b | ₹4.7b | 43.5x | 142.4x | 2.9x |
| Wed, 08 Jan 2025 | ₹928.1b | ₹210.7b | ₹2.2b | 37.3x | 417.3x | 4.4x |
| Fri, 06 Dec 2024 | ₹769.3b | ₹210.7b | ₹2.2b | 38.1x | 345.4x | 3.7x |
| Sun, 03 Nov 2024 | ₹716.5b | ₹202.5b | ₹1.7b | 43.5x | 431.5x | 3.5x |
| Tue, 01 Oct 2024 | ₹725.9b | ₹177.5b | -₹559,479,000.00 | 36.9x | -1297.5x | 4.1x |
| Thu, 29 Aug 2024 | ₹808.2b | ₹177.5b | -₹559,478,000.00 | 35.9x | -1444.5x | 4.6x |
| Sat, 27 Jul 2024 | ₹816.9b | ₹177.1b | ₹423.9m | 44.2x | 1926.9x | 4.6x |
| Mon, 24 Jun 2024 | ₹818.8b | ₹164.7b | -₹580,541,000.00 | 42x | -1410.4x | 5x |
| Wed, 22 May 2024 | ₹731.7b | ₹165.0b | ₹1.2b | 41.5x | 605.4x | 4.4x |
| Fri, 19 Apr 2024 | ₹606.9b | ₹163.9b | ₹1.1b | 45.9x | 529x | 3.7x |
| Sun, 17 Mar 2024 | ₹565.5b | ₹164.0b | ₹1.1b | 39.4x | 492.9x | 3.4x |
| Tue, 13 Feb 2024 | ₹600.8b | ₹164.0b | ₹1.2b | 48.9x | 489.7x | 3.7x |
| Thu, 11 Jan 2024 | ₹656.1b | ₹161.2b | ₹2.2b | 23.5x | 303.8x | 4.1x |
| Sat, 09 Dec 2023 | ₹640.5b | ₹161.2b | ₹2.2b | 23.4x | 296.6x | 4x |
| Mon, 06 Nov 2023 | ₹598.6b | ₹157.7b | ₹2.0b | 24.2x | 305.6x | 3.8x |
| Wed, 04 Oct 2023 | ₹538.2b | ₹158.0b | ₹2.5b | 23.9x | 217.8x | 3.4x |
| Fri, 01 Sep 2023 | ₹458.6b | ₹158.0b | ₹2.4b | 26.9x | 187.3x | 2.9x |
| Sun, 30 Jul 2023 | ₹422.1b | ₹152.5b | ₹2.3b | 31x | 179.8x | 2.8x |
Price to Earnings Ratio
179.8x
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 3.7x is lower than the industry's current PS ratio of 6.1x.
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 | -0.43% | |
| Tech | -0.54% | |
| Communications | -0.33% | |
| Communications Equipment | -0.33% | |
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 | |
|---|---|---|---|---|---|
| 532493 Astra Microwave Products | ₹1.78k | 3.3% +₹5.6b | 83.2% | PE89.4x | |
| 532374 Sterlite Technologies | ₹546.75 | 1.0% +₹2.5b | 375.6% | PE476.6x | |
| 504112 Nelco | ₹933.65 | 7.6% +₹1.5b | 7.5% | PE551.9x | |
| FROG Frog Cellsat | ₹207.45 | 20.0% +₹538.2m | -14.9% | PS3x | |
| BIRLACABLE Birla Cable | ₹197.35 | 5.0% +₹279.9m | 13.0% | PE35x |