Best Telecommunications Stocks

Explore telecom sector stocks that offer scalability, stable cash flows, and digital growth potential.

Name	Price (Rs)	Market Cap (Rs Cr)	ROE (%)	ROCE (%)	Debt/Eq (x)	Sales var 3yrs (%)	Profit var 3yrs (%)	P/E (x)	P/BV (x)	EV/EBITDA (x)
Bharti Airtel	1,952.85	11,32,687.61	25.58	14.72	1.13	14.07	117.41	32.05	13.00	12.41
Vodafone Idea	8.73	94,583.47	0.00	-1.98	-2.79	4.20	NM	NM	NM	12.24
Indus Towers	350.50	92,467.60	30.56	28.12	0.07	2.81	15.94	9.49	3.26	4.13
Bharti Hexacom	1,789.40	89,470.00	25.17	18.40	0.64	16.51	66.71	65.12	17.20	17.50
Tata Communications	1,797.55	51,230.18	60.78	14.96	3.60	11.38	-8.11	30.25	28.81	11.76
ITI	340.20	32,689.37	-13.22	-2.30	0.91	24.80	NM	NM	20.15	983.92
RailTel Corporation of India	377.20	12,105.80	11.46	14.38	0.00	20.29	0.13	60.04	7.34	7.12
Tata Teleservices (Maharashtra)	57.14	11,170.46	0.00	-4.83	-0.68	6.14	NM	NM	NM	53.37
HFCL	76.44	11,027.79	4.34	8.61	0.33	-4.91	-17.81	325.83	2.63	24.24
Tejas Networks	592.30	10,476.15	11.60	22.44	0.85	153.06	92.39	59.80	2.73	12.72
Optiemus Infracom	674.70	5,951.50	9.51	12.44	0.19	58.84	309.83	90.56	13.08	29.94
Pace Digitek	214.45	4,628.93	22.87	38.42	0.14	NM	NM	0.00	3.93	0.00
Mahanagar Telephone Nigam	42.40	2,671.20	0.00	14.88	-1.20	-15.31	NM	NM	NM	174.22
Nelco	871.70	1,989.08	7.45	18.51	0.30	5.44	-16.00	293.90	15.66	44.03
GTL Infrastructure	1.48	1,895.75	0.00	8.81	-2.15	NM	NM	NM	0.21	11.26
STL Networks	28.14	1,373.01	-3.94	6.54	1.01	NM	NM	0.00	7.69	0.00
SAR Televenture	201.95	951.34	5.49	6.01	0.01	319.83	981.27	21.38	1.76	21.18
Suyog Telematics	764.50	855.45	10.19	13.03	0.31	NM	NM	20.73	76.45	8.17
Valiant Communications	725.20	829.78	15.61	20.53	0.03	56.76	53.96	74.00	13.48	18.05
ADC India Communications	1,615.75	743.25	34.95	46.44	0.00	16.31	42.33	33.08	10.22	17.53
Kavveri Defence & Wireless Technologies	124.40	427.62	7.37	7.41	0.22	35.28	-29.25	33.56	3.94	14.59
Reliance Communications	1.41	389.94	0.00	0.10	-0.52	-13.65	NM	NM	0.00	2,144.61
Frog Cellsat	226.15	351.76	14.72	20.86	0.13	18.17	17.99	14.94	2.51	9.21
Precision Electronics	251.70	348.57	-4.05	6.42	3.25	10.00	NM	367.98	24.50	49.20
Kore Digital	211.15	253.89	29.77	38.93	0.06	NM	NM	6.36	2.41	6.94

Data Source: Dion Global
Note: Company data is consolidated; Exceptional items, minority interest excluded

Oct 13, 2025, 4:01 PM IST

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The largest company, by revenues, in the Telecommunications sector is Bharti Airtel. Its revenues for the most recent year ended is Rs 1,72,985.20 cr.

Bharti Airtel has a market capitalisation of Rs 11,32,687.61 cr. Over the previous 12 months, Bharti Airtel’s share price gained 15.76%.

You can get the latest share price and detailed financials of Bharti Airtel here.

Also, you can see the latest share price performance of all telecommunications stocks here.

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Why Use This Screener?

This screener helps you identify key players in India's rapidly digitising telecom industry.

Massive Digital Demand

Telecom companies power the backbone of internet and mobile services, with rising data usage driving long-term revenue growth.

Recurring Revenue Models

Telecom firms offer predictable cash flows, as they are often based on subscriptions. Such models are a plus for risk-averse investors.

High Entry Barriers = Limited Competition

Spectrum licensing and capital requirements limit new entrants, giving existing players pricing power and market dominance.

5G and Tech Integration Potential

India's 5G rollout and IoT expansion provide fresh growth triggers for telecom stocks.

FAQs on Best Telecommunications Stocks

Are telecom stocks defensive or cyclical?

Telecom stocks are generally considered defensive because demand for communication services remains steady across economic cycles. But price wars and spectrum costs can cause profit fluctuations.

How does ARPU (average revenue per user) affect telecom valuations?

Average revenue is a key metric used when evaluating telecom firms. A rising ARPU typically signals better monetisation of users, leading to improved profitability and stronger stock valuations.

What makes telecom stocks attractive for long-term investment?

Telecom stocks benefit from stable, recurring revenues due to subscription models, high data consumption, and growing internet penetration in India. These businesses often enjoy significant operating scale and long-term infrastructure investments that support consistent returns.