India communication services stocks

Data as of 6 Nov 2026.

23 India Communication Services companies, worth $327B in total.
Cap-weighted return: 1 month +11.1%, 6 months +14.5%.
Median revenue growth +9%; median forward P/E 26.8×.
Largest industries: Movies/Entertainment (5), Wireless Telecommunications (4), Major Telecommunications (4), Telecommunications Equipment (4), Broadcasting (3).

All India communication services companies

Sorted by market value. Click a company for its competitor analysis.
Company	Industry	Market cap	1M	6M	Revenue growth	Op. margin	Fwd P/E
Bharti Airtel BHARTIARTL.NS	Wireless Telecommunications	$139B	+15%	+15%	+20%	32%	33.3×
Jio Platforms JPL.NS	Wireless Telecommunications	$137B	n/a	n/a	+15%	32%	n/a
Vodafone Idea IDEA.NS	Wireless Telecommunications	$14.6B	-3%	+14%	+3%	-6%	n/a
Bharti Hexacom BHARTIHEXA.NS	Wireless Telecommunications	$8.84B	+13%	+10%	+8%	29%	36.6×
Tata Communications TATACOMM.NS	Major Telecommunications	$5.15B	+3%	+7%	+9%	8%	30.9×
HFCL HFCL.NS	Electrical Products	$3.42B	-23%	+44%	+101%	19%	24.8×
ITI ITI.NS	Major Telecommunications	$2.53B	+1%	-18%	-41%	-1%	n/a
Sun TV Network SUNTV.NS	Broadcasting	$2.48B	-6%	+4%	-5%	38%	14.2×
Prime Focus PFOCUS.NS	Movies/Entertainment	$2.36B	0%	-7%	+29%	16%	n/a
PVR Inox PVRINOX.NS	Movies/Entertainment	$1.63B	+17%	+47%	+14%	16%	28.7×
Astra Microwave Products ASTRAMICRO.NS	Telecommunications Equipment	$1.56B	-8%	+34%	+4%	25%	61.8×
Saregama India SAREGAMA.NS	Movies/Entertainment	$1.26B	+23%	+77%	-3%	28%	46.6×
Tips Music TIPSMUSIC.NS	Movies/Entertainment	$1.04B	+20%	+20%	+27%	67%	39.6×
Tata Teleservices (Maharashtra) TTML.NS	Specialty Telecommunications	$824M	+17%	-11%	-1%	44%	n/a
RailTel Corp. of India RAILTEL.NS	Major Telecommunications	$817M	-5%	-31%	+23%	10%	18.8×
Tejas Networks TEJASNET.NS	Telecommunications Equipment	$790M	-11%	-22%	-70%	-58%	n/a
Zee Entertainment Enterprises ZEEL.NS	Broadcasting	$651M	-9%	-32%	+6%	-1%	14.3×
Rossell Techsys ROSSTECH.NS	Telecommunications Equipment	$551M	-15%	+33%	+86%	10%	n/a
Network18 Media & Invest NETWORK18.NS	Broadcasting	$438M	+4%	-23%	-23%	-3%	n/a
MPS MPSLTD.NS	Publishing: Books/Magazines	$404M	-17%	+36%	+10%	29%	18.2×
Avantel AVANTEL.NS	Telecommunications Equipment	$390M	-10%	-12%	+15%	14%	n/a
Wonderla Holidays WONDERLA.NS	Movies/Entertainment	$322M	-8%	-9%	+35%	17%	24.0×
Route Mobile ROUTE.NS	Major Telecommunications	$301M	+6%	-22%	+1%	9%	7.7×