How Communications sector is valued, where its profits sit and how widely its strength is spread across 15 listed companies.
15 companies · ₹29.86L cr combined market cap · prices to 9 Nov
Twelve months of earnings momentum against price strength relative to the market.
Earnings is the sector’s median fundamental score minus 50; price is the sector index’s 6-month return minus the market’s. Each dot is a month-end.
496.1 index level · −3.8% over 12 months
496.1 index level · +85.2% over 3 years
496.1 index level · +388.9% since Jan '19
ApnaFunda's market-cap-weighted index of today's Communications companies.
Not shown for 1 year: too few companies with data at both ends.
Not shown for 3 years: too few companies with data at both ends.
Not shown for 5 years: too few companies with data at both ends.
Usual range 17.9x to 51.7x since Feb 2019.
Usual range 0.8x to 4.9x since Jan 2019.
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Usual range 0.6x to 2.6x since Jan 2019.
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Percentiles describe where today's median sits in the sector's own history.
Each month, the line is the median multiple of the sector's companies with a positive multiple, and the band covers the middle half of them (25th to 75th percentile). At least 5 companies are needed for a month to be shown.
The aggregate divides the sector's total market cap by its total net profit (or book value), so it is weighted towards the largest companies. Constituents are today's listed companies, so companies that have since delisted are missing (survivorship bias).
Each band is a company's share of the sum of positive net profit (TTM, reported with a 60-day lag), sampled quarterly. The seven largest earners today keep their own band throughout; the rest are grouped as Others.
Of the +56.4 pts growth in the market's combined reported earnings, 12 months to Nov '26. See Market Pulse
Higher on the chart is a better rank.
Sectors are ranked each month on price, earnings and FII/DII buying together.
The share of Communications companies doing well on each measure.
Above 50% means most companies are.
Each chart runs from 0% (bottom) to 100% (top), monthly.
Hover or tap for a month's value.
Companies below ₹500 cr market cap are left out. A ROCE or ROE change within ±1 pt, or an FII holding change within ±0.25 pt, counts as unchanged. Shareholding is reported quarterly, so the FII chart moves in steps and starts later, when shareholding history begins.
Based on 14 companies' 12-month price returns, weighted by market cap 12 months ago.
A year with an index move under 5% is called flat. Narrow means the top 3 contributors made up at least 60% of the move, or fewer than 35% of companies beat the index in a rising year. Broad means most companies moved with the index.
The highest- and lowest-ranked of 12 Communications companies above ₹500 cr on each lens, as of 9 Nov 2026.
Rankings combine price (3-month change), earnings (12-month change in EPS growth, ROCE and operating margin) and FII/DII buying (12-month change in holding).
Market-cap-weighted holding of Communications companies over the last 8 quarters.
Public and others is what the three groups leave.
See the Sep 2026 sector flows
The sector's market value is split across 15 companies, but unevenly: as evenly as 3 equal-sized companies would split it.
Higher means market value is spread across more companies; lower means a few companies dominate.
This is the effective number of companies: 1 divided by the sum of squared market-cap weights. A sector of 7 equal-sized companies scores 7. One giant among many small companies scores close to 1. Under 5 reads as highly concentrated, 5 to 15 as moderately concentrated, and over 15 as broad.
Each industry's slice of the sector's market value and of its profit.
A profit bar longer than the market-cap bar means the industry earns more than it is valued for.
Select an industry to filter the company list.
Industries with fewer than 3 companies are grouped as "Other industries". Both bars share one scale.
12m return is the market-cap-weighted 12-month price return of the industry's constituents, with weights from 12 months ago. Mcap and profit shares are each industry's part of the sector total.
| Company | Industry | Mcap | Weight | 12m return | P/E | P/B | ROCE | OPM | D/E | FII Δ 1y | Promoter | 52w range |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| JIO PLATFORMS LTD | Wireless Telecommunications | ₹13.01L cr | 43.6% | — | 42.0xQ3 | 3.9xQ3 | 12.0%Q3 | — | 0.3xQ3 | — | — | — |
| BHARTI AIRTEL LTD | Wireless Telecommunications | ₹12.93L cr | 43.3% | -1%Q4 | 42.6xQ3 | 8.7xQ4 | 18.0%Q4 | 57.0%Q4 | 1.3xQ4 | -0.2Q3 | 50.1% | 77% |
| VODAFONE IDEA LIMITED | Wireless Telecommunications | ₹1.38L cr | 4.6% | +27%Q4 | 3.7xQ1 | — | -2.0%Q1 | 43.0%Q4 | — | +0.2Q4 | 25.6% | 59% |
| INDUS TOWERS LIMITED | Specialty Telecommunications | ₹1.01L cr | 3.4% | -1%Q4 | 14.1xQ2 | 2.5xQ2 | 19.0%Q4 | 53.0%Q4 | 0.5xQ3 | -4.3Q1 | 51.3% | 26% |
| BHARTI HEXACOM LIMITED | Major Telecommunications | ₹82780 cr | 2.8% | -6%Q3 | 45.4xQ4 | 11.6xQ4 | 21.0%Q4 | 53.0%Q4 | 0.9xQ4 | -0.8Q2 | 70.0% | 52% |
| TATA COMMUNICATIONS LIMITED | Major Telecommunications | ₹48487 cr | 1.6% | -6%Q4 | 51.2xQ4 | 14.1xQ4 | 15.0%Q3 | 19.0%Q3 | 3.5xQ4 | -3.4Q1 | 58.9% | 48% |
| RAILTEL CORPORATION OF IND LTD | Major Telecommunications | ₹7998 cr | 0.3% | -27%Q2 | 37.2xQ2 | 4.6xQ3 | — | 19.0%Q3 | 0.0xQ1 | +0.3Q4 | 72.8% | 17% |
| TATA TELESERVICES MAHARASHTRA | Specialty Telecommunications | ₹7693 cr | 0.3% | -24%Q3 | — | — | -13.0%Q1 | 26.0%Q3 | — | -0.3Q3 | 74.4% | 32% |
| ROUTE MOBILE LTD | Major Telecommunications | ₹2834 cr | 0.1% | -32%Q2 | 11.4xQ1 | 1.0xQ2 | 17.0%Q3 | 9.0%Q2 | 0.0xQ1 | -1.2Q2 | 74.8% | 12% |
| MAHANAGAR TELEPHONE NIGAM LTD | Major Telecommunications | ₹1701 cr | 0.1% | -30%Q2 | — | — | -9.0%Q1 | -15.0%Q1 | — | -0.1Q4 | 56.3% | 27% |
| GTPL HATHWAY LIMITED | Specialty Telecommunications | ₹610 cr | 0.0% | -44%Q1 | 81.0xQ4 | 0.5xQ1 | 3.0%Q2 | 10.3%Q2 | 0.4xQ3 | -1.2Q2 | 75.0% | 10% |
| ONMOBILE GLOBAL LIMITED | Specialty Telecommunications | ₹564 cr | 0.0% | -8%Q3 | — | 0.9xQ1 | 0.0%Q2 | 1.1%Q1 | 0.1xQ2 | -0.2Q3 | 47.9% | 29% |
| DISH TV INDIA LIMITED | Specialty Telecommunications | ₹383 cr | 0.0% | -52%Q1 | — | — | — | -41.0%Q1 | — | -2.4Q1 | 4.2% | 8% |
| KORE DIGITAL LIMITED | Specialty Telecommunications | ₹32 cr | 0.0% | -85%Q1 | — | — | 38.0%Q4 | — | 0.0xQ1 | 0.0Q4 | 63.9% | 3% |
| UNIINFO TELECOM SERVICES LTD | Specialty Telecommunications | ₹12 cr | 0.0% | -34%Q1 | — | 0.4xQ1 | -0.8%Q2 | 5.4%Q2 | 0.2xQ2 | — | 50.9% | 24% |
Sorted by market cap.
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Dots show a company's quartile within this sector (Q1 = lowest value in the sector, Q4 = highest) for the metrics that have one; hover for the percentile. This is a relative position within this sector only, not a quality score. A hollow dot means loss-making.
Lenders show ROE in place of ROCE and n/a for operating margin and debt/equity. Companies without their own page are listed unlinked. 12m return is the 12-month price change.