Narrative Update • Jun 23
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Indian (NIFTY) Technology Distributors Industry Analysis
UpdatedJun 25, 2026
DataAggregated Company Financials
Companies35
- 7D11.0%
- 3M40.3%
- 1Y-2.2%
- YTDn/a
Over the last 7 days, the Technology Distributors industry has risen 11%, driven by gains from Redington of 14%. During this same period, the Thacker underperformed, falling 11%. The industry has been flat over the past 12 months despite the gain this week. Looking forward, 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 |
|---|---|---|---|---|---|---|
| Thu, 25 Jun 2026 | ₹365.3b | ₹1.4t | ₹20.0b | 18.1x | 18.2x | 0.3x |
| Sat, 23 May 2026 | ₹294.7b | ₹1.4t | ₹20.0b | 22.9x | 14.8x | 0.2x |
| Mon, 20 Apr 2026 | ₹298.5b | ₹1.3t | ₹22.3b | 25.1x | 13.4x | 0.2x |
| Wed, 18 Mar 2026 | ₹271.9b | ₹1.3t | ₹22.3b | 21.7x | 12.2x | 0.2x |
| Fri, 13 Feb 2026 | ₹313.6b | ₹1.3t | ₹22.3b | 25x | 14.1x | 0.2x |
| Sun, 11 Jan 2026 | ₹326.1b | ₹1.3t | ₹21.5b | 25.9x | 15.2x | 0.3x |
| Tue, 09 Dec 2025 | ₹323.7b | ₹1.3t | ₹21.5b | 30.2x | 15.1x | 0.3x |
| Thu, 06 Nov 2025 | ₹321.2b | ₹1.2t | ₹20.5b | 26.1x | 15.6x | 0.3x |
| Sat, 04 Oct 2025 | ₹356.6b | ₹1.2t | ₹20.5b | 26.6x | 17.4x | 0.3x |
| Mon, 01 Sep 2025 | ₹309.4b | ₹1.2t | ₹20.5b | 23.4x | 15.1x | 0.2x |
| Wed, 30 Jul 2025 | ₹350.7b | ₹1.2t | ₹20.2b | 21.9x | 17.3x | 0.3x |
| Fri, 27 Jun 2025 | ₹357.7b | ₹1.2t | ₹20.2b | 24.2x | 17.7x | 0.3x |
| Sun, 25 May 2025 | ₹329.6b | ₹1.2t | ₹20.3b | 25x | 16.2x | 0.3x |
| Tue, 22 Apr 2025 | ₹286.5b | ₹1.2t | ₹16.8b | 22x | 17.1x | 0.2x |
| Thu, 20 Mar 2025 | ₹274.1b | ₹1.2t | ₹16.8b | 21.1x | 16.3x | 0.2x |
| Sat, 15 Feb 2025 | ₹299.0b | ₹1.2t | ₹16.5b | 20.7x | 18.1x | 0.3x |
| Mon, 13 Jan 2025 | ₹293.5b | ₹1.1t | ₹15.8b | 24.4x | 18.6x | 0.3x |
| Wed, 11 Dec 2024 | ₹308.4b | ₹1.1t | ₹15.8b | 23.8x | 19.5x | 0.3x |
| Fri, 08 Nov 2024 | ₹290.6b | ₹1.1t | ₹15.6b | 29.6x | 18.6x | 0.3x |
| Sun, 06 Oct 2024 | ₹278.8b | ₹1.1t | ₹15.3b | 23.6x | 18.2x | 0.3x |
| Tue, 03 Sep 2024 | ₹281.5b | ₹1.1t | ₹14.1b | 26.4x | 19.9x | 0.3x |
| Thu, 01 Aug 2024 | ₹284.0b | ₹1.1t | ₹13.9b | 30.5x | 20.4x | 0.3x |
| Sat, 29 Jun 2024 | ₹255.5b | ₹1.1t | ₹13.9b | 25.1x | 18.3x | 0.2x |
| Mon, 27 May 2024 | ₹242.2b | ₹1.1t | ₹13.7b | 36.6x | 17.7x | 0.2x |
| Wed, 24 Apr 2024 | ₹250.0b | ₹1.1t | ₹13.3b | 29.6x | 18.8x | 0.2x |
| Fri, 22 Mar 2024 | ₹233.5b | ₹1.1t | ₹13.3b | 24.5x | 17.5x | 0.2x |
| Sun, 18 Feb 2024 | ₹237.3b | ₹1.1t | ₹13.3b | 29.8x | 17.8x | 0.2x |
| Tue, 16 Jan 2024 | ₹200.2b | ₹945.7b | ₹12.5b | 55.3x | 16x | 0.2x |
| Thu, 14 Dec 2023 | ₹195.9b | ₹945.5b | ₹12.6b | 53.6x | 15.6x | 0.2x |
| Sat, 11 Nov 2023 | ₹183.8b | ₹962.8b | ₹12.8b | 56.7x | 14.3x | 0.2x |
| Mon, 09 Oct 2023 | ₹181.3b | ₹929.2b | ₹13.8b | 35.4x | 13.1x | 0.2x |
| Wed, 06 Sep 2023 | ₹188.4b | ₹928.8b | ₹13.7b | 54.3x | 13.7x | 0.2x |
| Fri, 04 Aug 2023 | ₹173.5b | ₹923.5b | ₹13.7b | 43.1x | 12.6x | 0.2x |
| Sun, 02 Jul 2023 | ₹189.4b | ₹889.4b | ₹15.8b | 40.7x | 12x | 0.2x |
Price to Earnings Ratio
12x
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 18.2x which is higher than its 3-year average PE of 16.3x.
- 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 8.1% per year over the last three years.
- Revenues for these companies have grown 17% 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 | 0.25% | |
| Tech | -2.96% | |
| Electronic Equipment and Components | 5.65% | |
| Technology Distributors | 10.99% | |
| Electronic Equipment and Instruments | 6.67% | |
| Electronic Manufacturing Services | 3.27% | |
| Electronic Components | 2.59% | |
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 | ₹286.40 | 5.3% +₹11.3b | -3.5% | PE15x | |
| RPTECH Rashi Peripherals | ₹780.90 | 7.0% +₹3.4b | 158.5% | PE18.5x | |
| 530135 Optiemus Infracom | ₹469.40 | 6.0% +₹2.4b | -26.4% | PE63.1x | |
| 544668 Nanta Tech | ₹620.40 | 27.6% +₹688.5m | n/a | PE39x | |
| 504351 Empower India | ₹2.29 | 18.7% +₹419.0m | 44.9% | PE14.8x |