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Indian (NIFTY) Telecom Sector Analysis

UpdatedFeb 12, 2026
DataAggregated Company Financials
Companies135
  • 7D0.8%
  • 3M-3.0%
  • 1Y13.8%
  • YTD-3.8%

The Telecom is pretty flat in the last 7 days, but Indus Towers has stood out, gaining 4.9%. The past year has been better, since the industry has gained 14% in that time. Earnings are forecast to grow by 23% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 12 Feb 2026₹17.5t₹3.5t₹490.1b21.2x35.7x5x
Sat, 10 Jan 2026₹17.5t₹3.4t₹566.3b21.7x30.9x5.2x
Mon, 08 Dec 2025₹17.9t₹3.4t₹566.2b20.8x31.7x5.3x
Wed, 05 Nov 2025₹18.1t₹3.4t₹575.1b26.5x31.4x5.4x
Fri, 03 Oct 2025₹16.4t₹3.3t₹544.3b24.5x30.1x5x
Sun, 31 Aug 2025₹16.4t₹3.3t₹542.0b26.5x30.2x5x
Tue, 29 Jul 2025₹16.6t₹3.1t₹520.0b28.1x31.9x5.3x
Thu, 26 Jun 2025₹17.4t₹3.1t₹507.9b29.6x34.2x5.6x
Sat, 24 May 2025₹16.3t₹3.1t₹511.5b29.3x31.8x5.2x
Mon, 21 Apr 2025₹16.3t₹3.0t₹411.8b28.1x39.7x5.5x
Wed, 19 Mar 2025₹14.3t₹3.1t₹416.8b25.2x34.4x4.7x
Fri, 14 Feb 2025₹15.2t₹3.0t₹394.5b31.4x38.5x5x
Sun, 12 Jan 2025₹14.9t₹3.1t₹257.4b35.1x58x4.9x
Tue, 10 Dec 2024₹15.4t₹3.1t₹261.6b34.5x58.8x5x
Thu, 07 Nov 2024₹15.2t₹3.0t₹285.9b33.3x53.2x5x
Sat, 05 Oct 2024₹15.6t₹3.0t₹251.5b36x62x5.2x
Mon, 02 Sep 2024₹15.4t₹3.0t₹257.2b36.7x59.8x5.1x
Wed, 31 Jul 2024₹14.5t₹3.0t₹216.5b37.3x66.8x4.8x
Fri, 28 Jun 2024₹14.0t₹3.0t₹218.6b34.9x63.9x4.7x
Sun, 26 May 2024₹13.1t₹3.0t₹241.0b34x54.4x4.4x
Tue, 23 Apr 2024₹12.3t₹2.9t₹238.1b35x51.6x4.2x
Thu, 21 Mar 2024₹11.0t₹2.8t₹234.2b31.7x47.2x3.9x
Sat, 17 Feb 2024₹10.5t₹2.8t₹233.4b42.7x45.1x3.7x
Mon, 15 Jan 2024₹10.4t₹2.8t₹202.5b37.6x51.2x3.7x
Wed, 13 Dec 2023₹9.5t₹2.8t₹203.7b35.8x46.8x3.4x
Fri, 10 Nov 2023₹8.9t₹2.8t₹202.4b33.1x44.2x3.2x
Sun, 08 Oct 2023₹8.9t₹2.7t₹181.1b34.4x49.1x3.3x
Tue, 05 Sep 2023₹8.5t₹2.7t₹180.8b33.8x47.2x3.2x
Thu, 03 Aug 2023₹8.4t₹2.7t₹204.9b36.3x40.8x3.1x
Sat, 01 Jul 2023₹8.1t₹2.6t₹196.7b30.1x41.4x3.1x
Mon, 29 May 2023₹7.5t₹2.6t₹182.4b31.8x41.1x2.9x
Wed, 26 Apr 2023₹7.1t₹2.6t₹161.9b32.4x43.7x2.7x
Fri, 24 Mar 2023₹7.1t₹2.6t₹163.7b30.1x43.2x2.7x
Sun, 19 Feb 2023₹7.2t₹2.6t₹163.6b29.5x44.2x2.8x
Price to Earnings Ratio

44.2x


Total Market Cap: ₹7.2tTotal Earnings: ₹163.6bTotal 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 35.7x 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 44% 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 Market1.30%
Telecom0.83%
Telecom Services and Carriers5.69%
Entertainment4.96%
Media4.76%
Interactive Media and Services-0.22%
Wireless Telecom-0.28%
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 44.8%, which is higher than its past year's earnings decline of 1.7% per year.
  • Investors are most pessimistic about the Media industry, which is trading below its 3-year average of 33.2x.
Forecasted Growth
  • Analysts are most optimistic on the Entertainment industry, expecting annual earnings growth of 45% over the next 5 years.
  • This is better than its past earnings decline of 1.7% 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₹2.02k1.2%
+₹140.4b
17.6%PE40.4x
INDUSTOWER Indus Towers₹474.007.1%
+₹83.3b
35.9%PE17.5x
TATACOMM Tata Communications₹1.71k10.0%
+₹44.3b
12.0%PE31.5x
IDEA Vodafone Idea₹11.552.8%
+₹33.6b
33.7%PS2.8x
BHARTIHEXA Bharti Hexacom₹1.68k3.3%
+₹27.3b
23.2%PE47.9x

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