Narrative Update • Jul 07
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Indian (NIFTY) Technology Distributors Industry Analysis
UpdatedJul 15, 2026
DataAggregated Company Financials
Companies35
- 7D2.6%
- 3M28.9%
- 1Y-0.9%
- YTDn/a
Over the last 7 days, the Technology Distributors industry has risen 2.6%, driven by gains from Redington of 3.0%. Meanwhile, D-Link (India) actually underperformed within the industry, shrinking 12% in the last week. Despite this gain, the industry's performance has been flat over the past year. Earnings are forecast to grow by 18% annually.
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 |
|---|---|---|---|---|---|---|
| Wed, 15 Jul 2026 | ₹371.5b | ₹1.4t | ₹20.0b | 16.9x | 18.5x | 0.3x |
| Fri, 12 Jun 2026 | ₹300.4b | ₹1.4t | ₹20.0b | 14.7x | 15x | 0.2x |
| Sun, 10 May 2026 | ₹299.6b | ₹1.3t | ₹22.3b | 24.8x | 13.4x | 0.2x |
| Tue, 07 Apr 2026 | ₹258.9b | ₹1.3t | ₹22.3b | 21.9x | 11.6x | 0.2x |
| Thu, 05 Mar 2026 | ₹294.0b | ₹1.3t | ₹22.3b | 20.9x | 13.2x | 0.2x |
| Sat, 31 Jan 2026 | ₹315.1b | ₹1.3t | ₹21.5b | 22.4x | 14.6x | 0.2x |
| Mon, 29 Dec 2025 | ₹327.3b | ₹1.3t | ₹21.5b | 26.7x | 15.2x | 0.3x |
| Wed, 26 Nov 2025 | ₹342.2b | ₹1.3t | ₹21.5b | 33.8x | 15.9x | 0.3x |
| Fri, 24 Oct 2025 | ₹337.5b | ₹1.2t | ₹20.5b | 26.6x | 16.4x | 0.3x |
| Sun, 21 Sep 2025 | ₹369.7b | ₹1.2t | ₹20.5b | 24.3x | 18x | 0.3x |
| Tue, 19 Aug 2025 | ₹310.4b | ₹1.2t | ₹20.5b | 21.3x | 15.1x | 0.2x |
| Thu, 17 Jul 2025 | ₹370.2b | ₹1.2t | ₹20.2b | 23.8x | 18.3x | 0.3x |
| Sat, 14 Jun 2025 | ₹354.0b | ₹1.2t | ₹20.2b | 23.6x | 17.5x | 0.3x |
| Mon, 12 May 2025 | ₹308.0b | ₹1.2t | ₹16.8b | 20.8x | 18.3x | 0.3x |
| Wed, 09 Apr 2025 | ₹251.9b | ₹1.2t | ₹16.8b | 22.2x | 15x | 0.2x |
| Fri, 07 Mar 2025 | ₹293.3b | ₹1.2t | ₹16.8b | 21.5x | 17.5x | 0.3x |
| Sun, 02 Feb 2025 | ₹286.5b | ₹1.1t | ₹15.8b | 24.4x | 18.1x | 0.3x |
| Tue, 31 Dec 2024 | ₹283.2b | ₹1.1t | ₹15.8b | 25.4x | 17.9x | 0.3x |
| Thu, 28 Nov 2024 | ₹288.0b | ₹1.1t | ₹15.8b | 23.2x | 18.3x | 0.3x |
| Sat, 26 Oct 2024 | ₹244.4b | ₹1.1t | ₹15.3b | 25.2x | 16x | 0.2x |
| Mon, 23 Sep 2024 | ₹280.3b | ₹1.1t | ₹14.1b | 25.6x | 19.8x | 0.3x |
| Wed, 21 Aug 2024 | ₹289.5b | ₹1.1t | ₹14.1b | 25.6x | 20.5x | 0.3x |
| Fri, 19 Jul 2024 | ₹273.1b | ₹1.1t | ₹13.9b | 29.4x | 19.6x | 0.3x |
| Sun, 16 Jun 2024 | ₹252.9b | ₹1.1t | ₹14.0b | 26.1x | 18.1x | 0.2x |
| Tue, 14 May 2024 | ₹243.9b | ₹1.1t | ₹13.4b | 35.3x | 18.2x | 0.2x |
| Thu, 11 Apr 2024 | ₹253.7b | ₹1.1t | ₹13.3b | 34.9x | 19x | 0.2x |
| Sat, 09 Mar 2024 | ₹244.4b | ₹1.1t | ₹13.3b | 28.1x | 18.4x | 0.2x |
| Mon, 05 Feb 2024 | ₹207.9b | ₹945.6b | ₹12.5b | 53.6x | 16.6x | 0.2x |
| Wed, 03 Jan 2024 | ₹196.7b | ₹945.5b | ₹12.6b | 53.7x | 15.7x | 0.2x |
| Fri, 01 Dec 2023 | ₹182.7b | ₹945.5b | ₹12.6b | 56x | 14.5x | 0.2x |
| Sun, 29 Oct 2023 | ₹174.0b | ₹929.4b | ₹13.8b | 55.2x | 12.6x | 0.2x |
| Tue, 26 Sep 2023 | ₹178.3b | ₹928.8b | ₹13.7b | 38.8x | 13x | 0.2x |
| Thu, 24 Aug 2023 | ₹171.2b | ₹928.8b | ₹13.7b | 46.9x | 12.5x | 0.2x |
| Sat, 22 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 | -0.30% | |
| Tech | 2.77% | |
| Electronic Equipment and Components | 1.85% | |
| Technology Distributors | 2.59% | |
| Electronic Manufacturing Services | 2.31% | |
| Electronic Components | 2.04% | |
| Electronic Equipment and Instruments | 1.05% | |
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 | |
|---|---|---|---|---|---|
| REDINGTON Redington | ₹282.30 | 5.1% +₹10.7b | -8.0% | PE14.8x | |
| 530135 Optiemus Infracom | ₹567.35 | 5.4% +₹2.6b | -10.9% | PE76.2x | |
| RPTECH Rashi Peripherals | ₹775.75 | 4.8% +₹2.3b | 154.6% | PE18.4x | |
| HPTL HP Telecom India | ₹295.00 | 10.5% +₹334.2m | 59.3% | PE13.8x | |
| 541702 Ashnisha Industries | ₹4.28 | 26.6% +₹238.6m | 31.7% | PE462.6x |