Industry analysis
Telecom - Infrastructure
Read from what its listed companies are showing. Valuations are compared within this industry.
Mixed
10 listed companies · ₹ 1,97,215 Cr. total market value- ●50% of companies grew sales by more than 8% from a year earlier; the typical company's profit rose 29%.
- ●No credit rating changes in the last 90 days.
- –5 good and no bad company announcements, including 2 big orders won (read since 6 Oct 2026; not counted until there is a month of them).
- ▼The typical share is down 12% in 3 months; 13% of shares trade above their 200-day average (their usual level).
- –Typical P/E 13.8, 44% below these companies' usual level (cheaper than normal).
▲ / ▼ / ● are the signals the verdict counts: results, credit ratings, announcements and share prices. Lines marked – are shown but not counted.
In charts
Share prices over the last year
The typical Telecom - Infrastructure share against the typical share on the market, both starting at 100. Now 65 vs 83.
Is growth speeding up or slowing down?
The typical company's sales and profit growth against the same quarter a year earlier.
Price against growth
Each dot is a company: further left is cheaper (lower P/E), higher up grew profit faster. Red dots passed the cheaper-than-peers screen. Companies beyond the chart's edges sit on the edge.
Cheaper than peers
Not a buy list. These shares trade at a P/E at least 30% below their industry's typical level and below their own usual level, and they also pass basic checks: profitable, sales and profit growing, low debt, no red flags, market value of ₹250 Cr or more. Cheap shares are often cheap for a reason; this is where to start reading, not where to stop.
No company here passes every test right now.
Cheaper than peers across the whole market
Leaders and laggards
Good news
- Pace DigitekBig order won
- HFCLStrong results
Warning signs
No red flags in 90 days.
Best shares, 3 months
- HFCL+29.2%
- Rama Telecom+6.3%
- Indus Towers−0.2%
- Altius Telecom Infrastructure Trust−1.2%
- Bondada Engineering−6.4%
Worst shares, 3 months
- Kore Digital−80.2%
- Suyog Telematics−49.2%
- SAR Televenture−30.6%
- Pace Digitek−29.2%
- GTL Infrastructure−16.5%
Companies
Click a column to sort.
| Signs (90 days) | |||||||
|---|---|---|---|---|---|---|---|
| Indus Towers INDUSTOWER | Telecom - Infrastructure | ₹ 1,00,250.18 Cr. | +4.6% | +0.5% | 14 | −0.2% | |
| Altius Telecom Infrastructure Trust 543225 | Telecom - Infrastructure | ₹ 51,805.8 Cr. | −0.1% | +65.2% | 41 | −1.2% | |
| HFCL HFCL | Telecom - Infrastructure | ₹ 36,803.33 Cr. | +143.7% | +447.2% | 42.4 | +29.2% | Strong results |
| Pace Digitek PACEDIGITK | Telecom - Infrastructure | ₹ 2,981.61 Cr. | +51.2% | +12.7% | 9.9 | −29.2% | Big order won |
| Bondada Engineering 543971 | Telecom - Infrastructure | ₹ 2,952.51 Cr. | +24% | +28.6% | 13.5 | −6.4% | |
| GTL Infrastructure GTLINFRA | Telecom - Infrastructure | ₹ 1,293.91 Cr. | −2.4% | — | 307 | −16.5% | |
| Suyog Telematics SUYOG | Telecom - Infrastructure | ₹ 589.37 Cr. | +1.6% | −17.6% | 9.8 | −49.2% | |
| SAR Televenture SARTELE | Telecom - Infrastructure | ₹ 395.41 Cr. | +218.2% | +200% | 5.5 | −30.6% | |
| Rama Telecom RTL | Telecom - Infrastructure | ₹ 114.83 Cr. | — | — | 39.5 | +6.3% | |
| Kore Digital KDL | Telecom - Infrastructure | ₹ 28.02 Cr. | — | — | 0.8 | −80.2% |
Figures are medians and shares of companies, so one giant company cannot outweigh the rest. Results compare each company's latest quarter with the same quarter a year earlier; ratings and announcements cover the last 90 days (announcements are read by AI and can be wrong). This page adds up published data; it is not a recommendation to buy or sell anything.