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Indian (NIFTY) Wireless Telecom Industry Analysis

UpdatedMar 22, 2026
DataAggregated Company Financials
Companies2
  • 7D2.7%
  • 3M-11.9%
  • 1Y7.7%
  • YTD-12.5%

Over the last 7 days, the Wireless Telecom industry has risen 1.8%, driven by gains from Bharti Airtel of 1.6%. Meanwhile, Vodafone Idea actually underperformed within the industry, shrinking 6.5% in the last week. In the last 12 months, the industry was up 8.0%. As for the next few years, earnings are expected to grow by 27% per annum.

Industry Valuation and Performance

Has the Indian Wireless Telecom Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 22 Mar 2026₹12.0t₹2.1t₹321.5b41.1x37.4x5.7x
Tue, 17 Feb 2026₹13.0t₹2.1t₹321.5b44.3x40.5x6.1x
Thu, 15 Jan 2026₹13.0t₹2.0t₹400.8b42.6x32.4x6.4x
Sat, 13 Dec 2025₹13.3t₹2.0t₹400.8b43.8x33.2x6.5x
Mon, 10 Nov 2025₹12.9t₹2.0t₹400.8b44.4x32.1x6.3x
Wed, 08 Oct 2025₹12.4t₹1.9t₹367.2b48.8x33.9x6.5x
Fri, 05 Sep 2025₹12.2t₹1.9t₹367.2b48.5x33.1x6.3x
Sun, 03 Aug 2025₹12.2t₹1.8t₹350.5b48x34.9x6.7x
Tue, 01 Jul 2025₹13.0t₹1.8t₹350.5b50.9x37.2x7.2x
Thu, 29 May 2025₹12.0t₹1.8t₹350.5b46.7x34.3x6.6x
Sat, 26 Apr 2025₹11.7t₹1.7t₹258.5b54.2x45.2x6.8x
Mon, 24 Mar 2025₹11.0t₹1.7t₹258.5b48.2x42.6x6.4x
Wed, 19 Feb 2025₹10.7t₹1.7t₹258.5b47.5x41.2x6.2x
Fri, 17 Jan 2025₹10.4t₹1.6t₹134.7b68.7x77.5x6.4x
Sun, 15 Dec 2024₹10.8t₹1.6t₹134.7b72.6x80.3x6.6x
Tue, 12 Nov 2024₹10.0t₹1.6t₹134.7b67.3x74.4x6.1x
Thu, 10 Oct 2024₹10.8t₹1.6t₹107.8b98x100x6.8x
Sat, 07 Sep 2024₹9.8t₹1.6t₹107.8b86.1x91x6.2x
Mon, 05 Aug 2024₹9.5t₹1.6t₹79.7b117.8x119.2x6x
Wed, 03 Jul 2024₹9.0t₹1.6t₹79.7b111.3x113x5.7x
Fri, 31 May 2024₹8.7t₹1.6t₹79.7b106.1x109.4x5.6x
Sun, 28 Apr 2024₹8.3t₹1.6t₹88.8b94x93.8x5.4x
Tue, 26 Mar 2024₹7.3t₹1.5t₹84.0b88.9x87x4.9x
Thu, 22 Feb 2024₹6.7t₹1.5t₹84.0b81.9x80.1x4.5x
Sat, 20 Jan 2024₹6.6t₹1.5t₹75.5b89.7x87.6x4.5x
Mon, 18 Dec 2023₹5.8t₹1.5t₹75.5b79.1x77.1x4x
Wed, 15 Nov 2023₹5.5t₹1.5t₹75.5b74.5x72.4x3.7x
Fri, 13 Oct 2023₹5.6t₹1.4t₹83.5b68.4x66.6x3.9x
Sun, 10 Sep 2023₹5.1t₹1.4t₹83.5b63.4x61.6x3.6x
Tue, 08 Aug 2023₹5.2t₹1.4t₹83.5b63.8x62x3.6x
Thu, 06 Jul 2023₹5.0t₹1.4t₹83.5b62x60.2x3.6x
Sat, 03 Jun 2023₹4.8t₹1.4t₹83.5b59.8x58x3.5x
Mon, 01 May 2023₹4.6t₹1.4t₹73.5b64.9x62.8x3.4x
Wed, 29 Mar 2023₹4.3t₹1.4t₹73.5b60.7x58.7x3.2x
Price to Earnings Ratio

58.7x


Total Market Cap: ₹4.3tTotal Earnings: ₹73.5bTotal Revenue: ₹1.4tTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Wireless Telecom Industry Price to Earnings3Y Average 63.9x202420252026
Current Industry PE
    There are only 2 companies in the Indian Wireless Telecom industry, so there is insufficient data to make an industry-wide assessment of both the PE and PS ratio.
Past Earnings Growth
  • The earnings for companies in the Wireless Telecom industry have grown 64% per year over the last three years.
  • Revenues for these companies have grown 16% 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 industry?

IN Market-0.17%
Telecom2.41%
Wireless Telecom2.71%
Wireless Telecom Services2.71%
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?

CompanyLast Price7D1YValuation
532454 Bharti Airtel₹1.85k2.4%
+₹261.3b
7.0%PE37x
BHARTIHEXA Bharti Hexacom₹1.58k7.6%
+₹55.8b
18.5%PE45.1x
IDEA Vodafone Idea₹9.340.8%
+₹7.6b
22.6%PS2.3x

Latest News

IDEA: Future Returns Will Benefit From Potential New Equity Investor Interest

Analysts have lifted their fair value estimate for Vodafone Idea from ₹8.88 to ₹9.97, reflecting updated assumptions around revenue growth, profit margins and future P/E levels, along with a modest adjustment to the discount rate. What's in the News Singapore based ST Telemedia and India's JSW Group are in discussions with Vodafone Idea for a potential equity stake, alongside US based Tillman Global Holdings and other unnamed domestic business houses (Key Developments) The interest from multiple investors follows financial relief extended by the Government of India, which now holds nearly 49% of Vodafone Idea and is seeking a new investor to inject capital and run the company (Key Developments) Promoters Aditya Birla Group and Vodafone Group Plc have not yet clarified whether any deal would involve a sale of existing promoter holdings or a fresh equity issuance (Key Developments) Vodafone Idea's management is scheduled to meet institutional investors in Singapore and Hong Kong on 16 and 17 March 2026, with discussions described as exploratory and without certainty of a transaction (Key Developments) The board plans to meet on 27 January 2026 to consider and approve the standalone and consolidated unaudited financial results for the third quarter and nine months ended 31 December 2025 (Key Developments) Valuation Changes Fair Value: Revised from ₹8.88 to ₹9.97, indicating a modest uplift in the analyst fair value estimate.