Telecommunication

Sector overview

Total Companies: 26
Total Market Cap (₹ Cr): 16,91,011
Top 3 Market Cap (₹ Cr): 14,07,728
Sector Concentration: 83.25%
Weighted P/E: 40.34
Weighted P/B: 6.60
Avg Dividend Yield: 0.42%
Avg Qtrly Profit Growth (YoY): 174.97%
Avg Qtrly Sales Growth (YoY): —
Avg Sector ROE: 6.95%
Avg Sector ROCE: 12.09%
Avg Debt to Equity: -0.16
Broad Industries: 5
Sub Industries: 7

AI Sector View

AI GENERATED

Hold

Telecom subscriber base 11.0% YoY (2026-06)Broadband subscriber base 11.0% YoY (2026-06)

Telecom operating proxies are steady, with telecom subscriber base up 11.0% YoY (2026-06) and broadband subscriber base also up 11.0% YoY (2026-06). However, persistent FPI outflows of INR -11055 crore over 3 months to 2026-08-31 suggest weak investor appetite. That combination supports a neutral rather than positive stance.

Confidence

58%

Telecommunication vs Nifty

Telecommunication

Nifty Benchmark

Sub Industries

7 sub-industries

S.No.
1.	Cable	1	1	46,260	46,260	100%	100%	190.40	4.06	40.92	4.06	190.40	4.06	74	0.78	1	2.70%	2.70%	8.40%	0.78	12.21%	—	0.82	72.77	—	0%	0%	1,870%	—
2.	Engineering - Construction	1	1	3,321	3,321	100%	100%	14	0.29	25.55	0.29	14	0.29	3,358	0.30	1	5.60%	5.60%	8.50%	0.30	5.75%	—	0.45	192.24	—	6.29%	0.21%	-87.03%	—
3.	IT - Software	1	1	3,110	3,110	100%	100%	12.50	0.96	23.66	0.96	12.50	0.96	446	0.01	1	10%	10%	13%	0.01	11.07%	—	1.20	76.27	—	23.05%	2.23%	16.95%	—
4.	Telecom-Infrastructure	7	7	43,700	40,928	93.66%	93.66%	52.19	1.95	10.44	1.96	11.40	1.88	148.83	0.02	1	10.29%	10.29%	15.39%	0.02	15.82%	—	0.63	105.50	—	2.22%	0.03%	-237.84%	—
5.	Telecommunication - Equipment	2	2	35,093	35,093	100%	100%	68.98	11.64	62.93	8.83	95.90	8.83	83.50	1.12	1	-20.30%	-20.30%	-7.30%	1.12	-35.08%	—	0.23	799.52	—	1.65%	0%	-22.94%	—
6.	Telecommunication - Service Provider	13	13	15,54,406	14,07,728	90.56%	90.56%	34.90	6.72	39.45	3.81	39.50	2.60	0.30	-0.61	1	9.12%	9.12%	13.48%	-0.61	2.56%	—	0.59	54.52	—	16.34%	0.64%	265.66%	—
7.	Trading	1	1	5,121	5,121	100%	100%	70.50	6.42	58.64	6.42	70.50	6.42	100	0.30	1	12.50%	12.50%	16.10%	0.30	3.99%	—	1.31	104.41	—	10.33%	0%	40%	—

Stocks in this sector

S.No.	Name
1.	Bharti Airtel Ltd.	Telecom	Telecommunication - Service Provider	11,46,500	1,831	39.70	7.31	299	1.31%	25.10%	25.80%	5
2.	Vodafone Idea Ltd.	Telecom	Telecommunication - Service Provider	1,62,081	15	4.30	-2.58	-4	0%	46.80%	0%	10
3.	Indus Towers Ltd.	Telecom	Telecommunication - Service Provider	98,324	388	13.70	2.78	157	3.76%	30.50%	19.80%	10
4.	Bharti Hexacom Ltd.	Telecom	Telecommunication - Service Provider	76,962	1,545	42.20	10.49	153	1.17%	29.30%	26.50%	5
5.	Tata Communications Ltd.	Telecom	Telecommunication - Service Provider	50,286	1,762	53.20	11.40	123	0.99%	15.80%	31.70%	10
6.	Sterlite Technologies Ltd.	Electricals	Cable	44,058	897	181.30	4.06	74	0%	8.40%	2.70%	2
7.	HFCL Ltd.	Telecom	Telecom-Infrastructure	35,755	234	62.40	2.13	34	0.09%	10.90%	7.30%	1
8.	ITI Ltd.	Telecom	Telecommunication - Equipment	25,319	263	96.20	15.23	19	0%	0.30%	-12.80%	10
9.	Tejas Networks Ltd.	Telecom	Telecommunication - Equipment	9,780	553	—	2.43	148	0%	-14.90%	-27.80%	10
10.	Railtel Corporation Of India Ltd.	Telecom	Telecommunication - Service Provider	8,426	260	41.80	—	—	1.24%	16.80%	11.90%	10
11.	Tata Teleservices (Maharashtra) Ltd.	Telecom	Telecommunication - Service Provider	7,024	36	87.50	—	—	0%	12.10%	0%	10
12.	Optiemus Infracom Ltd.	Trading	Trading	5,017	566	69	6.42	100	0%	16.10%	12.50%	10
13.	Pace Digitek Ltd.	Telecom	Telecom-Infrastructure	3,426	158	11.40	1.38	105	0%	21.90%	18.20%	2
14.	Vindhya Telelinks Ltd.	Infrastructure	Engineering - Construction	3,336	2,814	14.10	0.29	3,358	0.21%	8.50%	5.60%	10
15.	Route Mobile Ltd.	IT	IT - Software	3,158	494	12.70	0.96	446	2.19%	13%	10%	10
16.	Hathway Cable & Datacom Ltd.	Telecom	Telecommunication - Service Provider	1,804	10	23.80	0.35	25	0%	2.50%	1.90%	2
17.	STL Networks Ltd.	Telecom	Telecom-Infrastructure	1,699	37	—	0.98	16	0%	0.30%	-12.30%	2
18.	Mahanagar Telephone Nigam Ltd.	Telecom	Telecommunication - Service Provider	1,584	25	—	-0.10	-490	0%	-6.80%	0%	10
19.	GTL Infrastructure Ltd.	Telecom	Telecom-Infrastructure	1,499	1	—	—	—	0%	4.20%	0%	10
20.	Suyog Telematics Ltd.	Telecom	Telecom-Infrastructure	785	650	13	2.44	430	0.15%	16%	12.20%	10
21.	Sar Televenture Ltd.	Telecom	Telecom-Infrastructure	419	80	5.80	1.63	190	0%	9.30%	10.60%	2
22.	Reliance Communications Ltd.	Telecom	Telecommunication - Service Provider	268	1	—	0	-331	0%	0%	0%	5
23.	GTL Ltd.	Telecom	Telecommunication - Service Provider	114	7	0.10	—	—	0%	0%	0%	10
24.	Kore Digital Ltd.	Telecom	Telecom-Infrastructure	104	93	2.80	3.18	118	0%	45.10%	36%	10
25.	Rama Telecom Ltd.	Telecom	Telecommunication - Service Provider	103	78	35.40	2.62	32	0%	11.90%	10%	10
26.	Accord Synergy Ltd.	Telecom	Telecommunication - Service Provider	73	42	54.70	0.45	39	0%	-8.70%	-9%	10

Telecommunication vs Nifty

Telecommunication

AI Sector View

Telecommunication vs Nifty

Sub Industries

Stocks in this sector

Headlines

Sub Industries

Stocks in this sector

Headlines

Telecommunication

AI Sector View