Indian (NIFTY) Technology Distributors Industry Analysis

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, 10 Jun 2026	₹311.3b	₹1.4t	₹20.0b	15x	15.5x	0.2x
Fri, 08 May 2026	₹296.1b	₹1.3t	₹22.3b	24.6x	13.3x	0.2x
Sun, 05 Apr 2026	₹251.8b	₹1.3t	₹22.3b	21.5x	11.3x	0.2x
Tue, 03 Mar 2026	₹324.7b	₹1.3t	₹22.3b	21.1x	14.6x	0.2x
Thu, 29 Jan 2026	₹306.0b	₹1.3t	₹21.5b	23.3x	14.2x	0.2x
Sat, 27 Dec 2025	₹327.3b	₹1.3t	₹21.5b	26.7x	15.2x	0.3x
Mon, 24 Nov 2025	₹342.8b	₹1.3t	₹21.5b	34.9x	16x	0.3x
Wed, 22 Oct 2025	₹341.9b	₹1.2t	₹20.5b	26.2x	16.6x	0.3x
Fri, 19 Sep 2025	₹360.1b	₹1.2t	₹20.5b	23.6x	17.5x	0.3x
Sun, 17 Aug 2025	₹308.5b	₹1.2t	₹20.5b	21.3x	15x	0.2x
Tue, 15 Jul 2025	₹366.6b	₹1.2t	₹20.2b	23x	18.1x	0.3x
Thu, 12 Jun 2025	₹347.5b	₹1.2t	₹20.2b	24.1x	17.2x	0.3x
Sat, 10 May 2025	₹308.0b	₹1.2t	₹16.8b	20.8x	18.3x	0.3x
Mon, 07 Apr 2025	₹264.6b	₹1.2t	₹16.8b	22.4x	15.8x	0.2x
Wed, 05 Mar 2025	₹272.8b	₹1.2t	₹16.8b	20.8x	16.3x	0.2x
Fri, 31 Jan 2025	₹288.4b	₹1.1t	₹15.8b	24.6x	18.2x	0.3x
Sun, 29 Dec 2024	₹296.7b	₹1.1t	₹15.8b	25.6x	18.8x	0.3x
Tue, 26 Nov 2024	₹279.3b	₹1.1t	₹15.8b	23.4x	17.7x	0.3x
Thu, 24 Oct 2024	₹257.4b	₹1.1t	₹15.3b	25.2x	16.8x	0.2x
Sat, 21 Sep 2024	₹280.3b	₹1.1t	₹14.1b	25.6x	19.8x	0.3x
Mon, 19 Aug 2024	₹275.4b	₹1.1t	₹14.1b	25.3x	19.5x	0.2x
Wed, 17 Jul 2024	₹276.3b	₹1.1t	₹13.9b	30.4x	19.8x	0.3x
Fri, 14 Jun 2024	₹256.5b	₹1.1t	₹14.0b	25.1x	18.4x	0.2x
Sun, 12 May 2024	₹239.9b	₹1.1t	₹13.3b	34.6x	18x	0.2x
Tue, 09 Apr 2024	₹254.5b	₹1.1t	₹13.3b	28.8x	19.1x	0.2x
Thu, 07 Mar 2024	₹243.1b	₹1.1t	₹13.3b	27.5x	18.3x	0.2x
Sat, 03 Feb 2024	₹208.0b	₹945.6b	₹12.5b	53.6x	16.6x	0.2x
Mon, 01 Jan 2024	₹196.2b	₹945.5b	₹12.6b	53.7x	15.6x	0.2x
Wed, 29 Nov 2023	₹181.4b	₹945.5b	₹12.6b	57.5x	14.4x	0.2x
Fri, 27 Oct 2023	₹168.0b	₹929.2b	₹13.8b	52.9x	12.2x	0.2x
Sun, 24 Sep 2023	₹179.0b	₹928.8b	₹13.7b	38.4x	13x	0.2x
Tue, 22 Aug 2023	₹171.9b	₹927.0b	₹13.7b	46.9x	12.5x	0.2x
Thu, 20 Jul 2023	₹188.1b	₹879.6b	₹14.4b	44.5x	13.1x	0.2x
Sat, 17 Jun 2023	₹190.9b	₹889.4b	₹15.8b	38.3x	12x	0.2x

Current Industry PE

Investors are relatively neutral on the Indian Technology Distributors industry at the moment, indicating that they anticipate long term growth rates to remain steady.

The industry is trading close to its 3-year average PE ratio 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	-0.68%
Tech	-7.00%
Electronic Equipment and Components	2.77%
Technology Distributors	0.48%
Electronic Equipment and Instruments	3.93%
Electronic Manufacturing Services	3.48%
Electronic Components	-5.78%

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	₹240.30	0.6% +₹1.2b	-17.9%	PE12.6x
DLINKINDIA D-Link (India)	₹493.25	3.8% +₹633.8m	-7.4%	PE16.8x
530135 Optiemus Infracom	₹426.65	1.5% +₹572.0m	-29.0%	PE57.3x
544668 Nanta Tech	₹410.00	21.4% +₹371.4m	n/a	PE25.7x
GPECO GP ECO Solutions India	₹466.00	4.1% +₹217.1m	22.2%	PE34.7x

New major risk - Earnings quality

The company has a high level of non-cash earnings. Accrual ratio: 22% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (22% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (8.8% average weekly change). Market cap is less than US$100m (₹2.75b market cap, or US$28.6m).

Indian (NIFTY) Technology Distributors Industry Analysis

Industry Valuation and Performance

Industry Comparison

Top Stock Gainers and Losers

Latest News

Investor sentiment deteriorates as stock falls 15%

New minor risk - Share price stability

Investor sentiment improves as stock rises 16%

DC Infotech and Communication's (NSE:DCI) Earnings Aren't As Good As They Appear

REDINGTON: Dividend And Board Decisions Will Support Bullish Fair Value Outlook

New minor risk - Financial data availability

Full year 2026 earnings released: ₹6.40 loss per share (vs ₹4.22 loss in FY 2025)

New major risk - Share price stability

Now 24% undervalued

New minor risk - Revenue size

Full year 2026 earnings released: EPS: ₹176 (vs ₹192 in FY 2025)

New major risk - Earnings quality

We Think That There Are Some Issues For PRO FX Tech (NSE:PROFX) Beyond Its Promising Earnings

Full year 2026 earnings released: ₹1.00 loss per share (vs ₹0.64 loss in FY 2025)

Solid Earnings May Not Tell The Whole Story For D-Link (India) (NSE:DLINKINDIA)

Sabrimala Industries India Limited to Report Q4, 2026 Results on May 21, 2026