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Indian (NIFTY) Telecom Sector Analysis

UpdatedFeb 07, 2026
DataAggregated Company Financials
Companies136
  • 7D2.7%
  • 3M-0.07%
  • 1Y12.8%
  • YTD-4.2%

Over the last 7 days, the Telecom industry has risen 1.1%, driven by gains from Bharti Airtel of 3.6%. Meanwhile, Info Edge (India) actually underperformed within the industry, shrinking 9.5% in the last week. In the last 12 months, the industry was up 14%. Earnings are forecast to grow by 14% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 07 Feb 2026₹17.4t₹3.5t₹481.7b21x36.1x4.9x
Mon, 05 Jan 2026₹18.1t₹3.4t₹566.3b21.5x32x5.3x
Wed, 03 Dec 2025₹17.9t₹3.4t₹566.3b21.5x31.6x5.3x
Fri, 31 Oct 2025₹17.8t₹3.3t₹540.5b24.8x32.9x5.4x
Sun, 28 Sep 2025₹16.6t₹3.3t₹544.2b25.2x30.6x5.1x
Tue, 26 Aug 2025₹16.8t₹3.3t₹542.0b27x30.9x5.1x
Thu, 24 Jul 2025₹17.2t₹3.1t₹517.5b29.8x33.1x5.5x
Sat, 21 Jun 2025₹17.0t₹3.1t₹507.9b29x33.6x5.5x
Mon, 19 May 2025₹16.2t₹3.1t₹510.9b28.7x31.7x5.2x
Wed, 16 Apr 2025₹15.7t₹3.0t₹410.6b26.7x38.2x5.2x
Fri, 14 Mar 2025₹14.3t₹3.1t₹416.8b25.3x34.3x4.7x
Sun, 09 Feb 2025₹15.2t₹3.0t₹394.6b33.4x38.5x5x
Tue, 07 Jan 2025₹15.0t₹3.1t₹257.1b36.1x58.4x4.9x
Thu, 05 Dec 2024₹15.2t₹3.1t₹263.3b33.5x57.9x5x
Sat, 02 Nov 2024₹15.2t₹3.0t₹286.0b33.7x53.1x5x
Mon, 30 Sep 2024₹16.4t₹3.0t₹251.5b38.1x65x5.5x
Wed, 28 Aug 2024₹14.9t₹3.0t₹257.1b39.3x57.9x4.9x
Fri, 26 Jul 2024₹14.1t₹3.0t₹217.0b37.7x65.1x4.7x
Sun, 23 Jun 2024₹13.7t₹3.0t₹218.6b35.8x62.5x4.6x
Tue, 21 May 2024₹12.8t₹3.0t₹237.9b35.4x53.7x4.3x
Thu, 18 Apr 2024₹11.8t₹2.9t₹239.3b33.8x49.4x4.1x
Sat, 16 Mar 2024₹11.0t₹2.8t₹234.2b31.7x47x3.9x
Mon, 12 Feb 2024₹10.6t₹2.8t₹230.8b44.8x45.8x3.7x
Wed, 10 Jan 2024₹10.2t₹2.8t₹203.6b38.1x50.1x3.7x
Fri, 08 Dec 2023₹9.5t₹2.8t₹203.6b33.5x46.8x3.5x
Sun, 05 Nov 2023₹8.9t₹2.8t₹199.7b34.1x44.6x3.2x
Tue, 03 Oct 2023₹8.9t₹2.7t₹181.1b35x49.3x3.3x
Thu, 31 Aug 2023₹8.4t₹2.7t₹180.8b32.1x46.5x3.1x
Sat, 29 Jul 2023₹8.5t₹2.7t₹206.2b33x41.1x3.2x
Mon, 26 Jun 2023₹7.9t₹2.6t₹196.7b29.6x40.4x3x
Wed, 24 May 2023₹7.3t₹2.6t₹184.1b31.6x39.7x2.8x
Fri, 21 Apr 2023₹7.1t₹2.6t₹161.9b32.9x43.7x2.7x
Sun, 19 Mar 2023₹7.0t₹2.6t₹163.6b30.2x42.8x2.7x
Tue, 14 Feb 2023₹7.2t₹2.6t₹168.4b30.1x42.5x2.8x
Price to Earnings Ratio

42.5x


Total Market Cap: ₹7.2tTotal Earnings: ₹168.4bTotal Revenue: ₹2.6tTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Telecom Sector Price to Earnings3Y Average 45.1x202420252026
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 29.9x which is lower than its 3-year average PE of 45.1x.
  • The 3-year average PS ratio of 4.4x is lower than the industry's current PS ratio of 5.0x.
Past Earnings Growth
  • The earnings for companies in the Communication Services industry have grown 50% per year over the last three years.
  • Revenues for these companies have grown 9.8% 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 Market1.60%
Telecom2.65%
Wireless Telecom3.97%
Entertainment3.70%
Media1.65%
Telecom Services and Carriers-0.73%
Interactive Media and Services-7.80%
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 decline of 0.7%, which is lower than the prior year's growth of 7.0% per year.
  • Investors are most pessimistic about the Telecom Services and Carriers industry, which is trading close to its 3-year average of 19.6x.
Forecasted Growth
  • Analysts are most optimistic on the Wireless Telecom industry, expecting annual earnings growth of 17% over the next 5 years.
  • However this is lower than its past earnings growth rate of 121% per year.
  • In contrast, the Interactive Media and Services industry is expected to see its earnings decline by 18% 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
532454 Bharti Airtel₹2.04k3.6%
+₹427.8b
21.5%PE40.8x
BHARTIHEXA Bharti Hexacom₹1.70k10.0%
+₹77.5b
16.0%PE55.1x
PFOCUS Prime Focus₹262.6716.4%
+₹28.7b
142.2%PS4.8x
AFFLE Affle 3i₹1.65k6.5%
+₹14.1b
-1.0%PE52.8x
530943 Sri Adhikari Brothers Television Network₹1.99k20.3%
+₹8.5b
346.2%PS615.4x

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