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Indian (NIFTY) Telecom Sector Analysis

UpdatedJan 16, 2026
DataAggregated Company Financials
Companies135
  • 7D-2.0%
  • 3M0.4%
  • 1Y15.4%
  • YTD-3.8%

Over the last 7 days, the Telecom industry has dropped 2.9%, driven by Bharti Airtel declining 2.1%. This takes the industry's 12 month performance to a gain of 17%. Looking forward, earnings are forecast to grow by 15% annually.

Sector Valuation and Performance

Has the Indian Telecom Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 16 Jan 2026₹17.4t₹3.4t₹580.5b21.5x30x5.1x
Sun, 14 Dec 2025₹17.7t₹3.4t₹566.2b22.2x31.3x5.2x
Tue, 11 Nov 2025₹17.4t₹3.4t₹576.7b25.5x30.2x5.2x
Thu, 09 Oct 2025₹16.9t₹3.3t₹544.4b23.7x31x5.2x
Sat, 06 Sep 2025₹16.4t₹3.3t₹542.7b26.8x30.2x5x
Mon, 04 Aug 2025₹16.4t₹3.1t₹518.7b27x31.7x5.2x
Wed, 02 Jul 2025₹17.7t₹3.1t₹508.0b29.8x34.8x5.7x
Fri, 30 May 2025₹16.5t₹3.1t₹509.4b26.9x32.5x5.3x
Sun, 27 Apr 2025₹15.9t₹3.0t₹417.1b27.3x38.2x5.3x
Tue, 25 Mar 2025₹15.2t₹3.1t₹416.8b26.7x36.4x5x
Thu, 20 Feb 2025₹14.7t₹3.1t₹416.8b25.9x35.3x4.8x
Sat, 18 Jan 2025₹14.9t₹3.0t₹245.1b37.6x60.9x5.1x
Mon, 16 Dec 2024₹15.8t₹3.1t₹258.8b34.4x61.2x5.2x
Wed, 13 Nov 2024₹14.7t₹3.1t₹283.8b32.1x51.8x4.8x
Fri, 11 Oct 2024₹15.9t₹3.0t₹251.3b36.8x63.1x5.3x
Sun, 08 Sep 2024₹14.9t₹3.0t₹257.2b37.7x58x4.9x
Tue, 06 Aug 2024₹14.2t₹3.0t₹224.0b38.1x63.3x4.7x
Thu, 04 Jul 2024₹13.8t₹3.0t₹218.5b35.9x63x4.6x
Sat, 01 Jun 2024₹12.9t₹3.0t₹240.9b33.7x53.5x4.3x
Mon, 29 Apr 2024₹12.6t₹2.9t₹238.0b33.9x52.9x4.3x
Wed, 27 Mar 2024₹11.1t₹2.8t₹234.2b31.7x47.4x3.9x
Fri, 23 Feb 2024₹10.7t₹2.8t₹233.9b42x45.6x3.8x
Sun, 21 Jan 2024₹10.6t₹2.8t₹198.0b38.9x53.6x3.8x
Tue, 19 Dec 2023₹9.6t₹2.8t₹203.7b33x47.3x3.5x
Thu, 16 Nov 2023₹9.1t₹2.8t₹203.1b31.8x44.8x3.3x
Sat, 14 Oct 2023₹9.1t₹2.7t₹181.2b34.8x50.3x3.4x
Mon, 11 Sep 2023₹8.7t₹2.7t₹180.8b35.6x48.2x3.2x
Wed, 09 Aug 2023₹8.5t₹2.7t₹205.0b36.1x41.3x3.1x
Fri, 07 Jul 2023₹8.1t₹2.6t₹196.7b31.5x41.2x3.1x
Sun, 04 Jun 2023₹7.7t₹2.6t₹205.3b32.9x37.6x3x
Tue, 02 May 2023₹7.3t₹2.6t₹157.6b33.6x46.5x2.8x
Thu, 30 Mar 2023₹6.9t₹2.6t₹164.0b30.5x42x2.7x
Sat, 25 Feb 2023₹7.1t₹2.6t₹163.6b29.9x43.4x2.8x
Mon, 23 Jan 2023₹7.3t₹2.5t₹230.1b32x31.7x2.9x
Price to Earnings Ratio

31.7x


Total Market Cap: ₹7.3tTotal Earnings: ₹230.1bTotal Revenue: ₹2.5tTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Telecom Sector Price to Earnings3Y Average 45.2x202420252026
Current Industry PE
  • Investors are pessimistic on the Indian Communication Services industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 30.8x which is lower than its 3-year average PE of 45.2x.
  • The 3-year average PS ratio of 4.3x is lower than the industry's current PS ratio of 5.1x.
Past Earnings Growth
  • The earnings for companies in the Communication Services industry have grown 35% per year over the last three years.
  • Revenues for these companies have grown 11% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the Indian Telecom sector?

IN Market-0.86%
Telecom-2.03%
Telecom Services and Carriers0.49%
Entertainment-0.92%
Interactive Media and Services-2.29%
Wireless Telecom-2.39%
Media-2.59%
Industry PE
  • Investors are most optimistic about the Entertainment industry which is trading above its 3-year average PE ratio.
    • Analysts are expecting annual earnings growth of 40.2%, which is higher than its past year's earnings growth of 7.0% per year.
  • Investors are most pessimistic about the Telecom Services and Carriers industry, which is trading below its 3-year average of 19.6x.
Forecasted Growth
  • Analysts are most optimistic on the Entertainment industry, expecting annual earnings growth of 40% over the next 5 years.
  • This is better than its past earnings growth rate of 7.0% per year.
  • In contrast, the Interactive Media and Services industry is expected to see its earnings decline by 16% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
INDUSTOWER Indus Towers₹438.401.8%
+₹19.9b
23.6%PE12.4x
PFOCUS Prime Focus₹241.842.3%
+₹4.2b
93.2%PS4.7x
530943 Sri Adhikari Brothers Television Network₹1.96k5.7%
+₹2.7b
174.5%PS606.4x
VERTOZ Vertoz₹69.071.2%
+₹715.9m
-47.2%PE219x
542727 City Pulse Multiventures₹3.13k1.7%
+₹550.8m
230.1%PE2485.1x

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