Narrative Update • Jul 07
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Indian (NIFTY) Technology Distributors Industry Analysis
UpdatedJul 16, 2026
DataAggregated Company Financials
Companies35
- 7D3.6%
- 3M26.9%
- 1Y-1.4%
- YTDn/a
In the last week, the Technology Distributors industry is up 3.6%, with Redington up 5.1%. Meanwhile, D-Link (India) actually underperformed within the industry, shrinking 13% in the last week. The industry has been flat over the past 12 months despite the gain this week. As for the next few years, earnings are expected to grow by 18% per annum.
Industry Valuation and Performance
Has the Indian Technology Distributors Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 16 Jul 2026 | ₹370.8b | ₹1.4t | ₹20.0b | 16.9x | 18.5x | 0.3x |
| Sat, 13 Jun 2026 | ₹307.4b | ₹1.4t | ₹20.0b | 14.7x | 15.3x | 0.2x |
| Mon, 11 May 2026 | ₹299.6b | ₹1.3t | ₹22.3b | 24.8x | 13.4x | 0.2x |
| Wed, 08 Apr 2026 | ₹260.3b | ₹1.3t | ₹22.3b | 22.6x | 11.7x | 0.2x |
| Fri, 06 Mar 2026 | ₹293.5b | ₹1.3t | ₹22.3b | 20.8x | 13.2x | 0.2x |
| Sun, 01 Feb 2026 | ₹315.1b | ₹1.3t | ₹21.5b | 22.4x | 14.6x | 0.2x |
| Tue, 30 Dec 2025 | ₹323.4b | ₹1.3t | ₹21.5b | 26.7x | 15.1x | 0.3x |
| Thu, 27 Nov 2025 | ₹345.4b | ₹1.3t | ₹21.5b | 33.8x | 16.1x | 0.3x |
| Sat, 25 Oct 2025 | ₹335.6b | ₹1.2t | ₹20.5b | 26.4x | 16.3x | 0.3x |
| Mon, 22 Sep 2025 | ₹369.7b | ₹1.2t | ₹20.5b | 24.3x | 18x | 0.3x |
| Wed, 20 Aug 2025 | ₹314.9b | ₹1.2t | ₹20.5b | 20.9x | 15.3x | 0.3x |
| Fri, 18 Jul 2025 | ₹370.3b | ₹1.2t | ₹20.2b | 23.9x | 18.3x | 0.3x |
| Sun, 15 Jun 2025 | ₹354.0b | ₹1.2t | ₹20.2b | 23.6x | 17.5x | 0.3x |
| Tue, 13 May 2025 | ₹315.1b | ₹1.2t | ₹16.8b | 21.3x | 18.8x | 0.3x |
| Thu, 10 Apr 2025 | ₹252.9b | ₹1.2t | ₹16.8b | 22x | 15.1x | 0.2x |
| Sat, 08 Mar 2025 | ₹296.9b | ₹1.2t | ₹16.8b | 21.5x | 17.7x | 0.3x |
| Mon, 03 Feb 2025 | ₹283.4b | ₹1.1t | ₹15.8b | 24.6x | 17.9x | 0.3x |
| Wed, 01 Jan 2025 | ₹295.0b | ₹1.1t | ₹15.8b | 25.6x | 18.7x | 0.3x |
| Fri, 29 Nov 2024 | ₹287.1b | ₹1.1t | ₹15.8b | 24.3x | 18.2x | 0.3x |
| Sun, 27 Oct 2024 | ₹244.4b | ₹1.1t | ₹15.3b | 25.2x | 16x | 0.2x |
| Tue, 24 Sep 2024 | ₹280.3b | ₹1.1t | ₹14.1b | 25.6x | 19.8x | 0.3x |
| Thu, 22 Aug 2024 | ₹289.2b | ₹1.1t | ₹14.1b | 26.7x | 20.4x | 0.3x |
| Sat, 20 Jul 2024 | ₹265.1b | ₹1.1t | ₹13.9b | 29.2x | 19x | 0.2x |
| Mon, 17 Jun 2024 | ₹252.9b | ₹1.1t | ₹14.0b | 26.1x | 18.1x | 0.2x |
| Wed, 15 May 2024 | ₹245.8b | ₹1.1t | ₹13.4b | 35.8x | 18.4x | 0.2x |
| Fri, 12 Apr 2024 | ₹253.7b | ₹1.1t | ₹13.3b | 34.9x | 19x | 0.2x |
| Sun, 10 Mar 2024 | ₹244.4b | ₹1.1t | ₹13.3b | 28.1x | 18.4x | 0.2x |
| Tue, 06 Feb 2024 | ₹218.2b | ₹945.8b | ₹12.5b | 53.1x | 17.4x | 0.2x |
| Thu, 04 Jan 2024 | ₹195.6b | ₹945.5b | ₹12.6b | 53x | 15.6x | 0.2x |
| Sat, 02 Dec 2023 | ₹184.0b | ₹945.5b | ₹12.6b | 54.4x | 14.7x | 0.2x |
| Mon, 30 Oct 2023 | ₹174.0b | ₹929.4b | ₹13.8b | 55.2x | 12.6x | 0.2x |
| Wed, 27 Sep 2023 | ₹176.2b | ₹928.8b | ₹13.7b | 38.8x | 12.8x | 0.2x |
| Fri, 25 Aug 2023 | ₹173.5b | ₹928.8b | ₹13.7b | 49.7x | 12.6x | 0.2x |
| Sun, 23 Jul 2023 | ₹187.8b | ₹879.6b | ₹14.4b | 44x | 13.1x | 0.2x |
Price to Earnings Ratio
13.1x
Current Industry PE
- Investors are optimistic on the Indian Technology Distributors industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 18.5x which is higher than its 3-year average PE of 16.4x.
- The industry is trading close to its 3-year average PS ratio of 0.24x.
Past Earnings Growth
- The earnings for companies in the Technology Distributors industry have grown 12% per year over the last three years.
- Revenues for these companies have grown 18% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Comparison
How does Indian Technology Distributors compare with similar industries?
| IN Market | 1.91% | |
| Tech | 3.94% | |
| Electronic Equipment and Components | 3.66% | |
| Technology Distributors | 3.63% | |
| Electronic Components | 5.36% | |
| Electronic Equipment and Instruments | 4.19% | |
| Electronic Manufacturing Services | 2.99% | |
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 | |
|---|---|---|---|---|---|
| 530135 Optiemus Infracom | ₹582.80 | 3.4% +₹1.7b | -6.7% | PE78.3x | |
| REDINGTON Redington | ₹276.10 | 0.5% +₹1.1b | -10.5% | PE14.5x | |
| HPTL HP Telecom India | ₹295.00 | 10.5% +₹334.2m | 59.3% | PE13.8x | |
| 541702 Ashnisha Industries | ₹4.07 | 15.0% +₹140.5m | 24.5% | PE439.9x | |
| 531127 Mena Mani Industries | ₹9.51 | 5.9% +₹71.5m | 18.9% | PE753.3x |