Telecom Equipment & Infrastructure stocks in India

Every listed telecom equipment & infrastructure company on NSE and BSE in our database, largest first, with its valuation, profitability, latest quarterly growth, one-year return and next results date.

18 companies Combined market cap ₹56,948 Cr Data as of 1 Oct 2026 close

There are 18 listed companies in the Telecom Equipment & Infrastructure industry on NSE and BSE in our database, 9 of them with full financials.

The largest by market capitalisation are ITI Limited (₹23,257 Cr), Astra Microwave Products Limited (₹15,424 Cr), Tejas Networks Limited (₹8,260 Cr).

Among the 6 companies worth more than ₹500 Cr, the median P/E of the profitable ones is 84.9 and the median return on equity is 5.1%.

Fastest sales growth in the latest quarter (year on year, above ₹500 Cr): Tejas Networks +99%, Avantel +36%, GTL Infrastructure -2%.

Telecom Equipment & Infrastructure companies by market cap

#CompanyMarket cap P/EROEQtr sales YoY Qtr profit YoYReturn 1YNext results
1 ITI LimitedITI ₹23,257 Cr 88.29 13.8% -14.7% +49.3% -22.2% —
2 Astra Microwave Products LimitedASTRAMICRO ₹15,424 Cr 81.58 14.4% -11.5% -24.1% +48.6% —
3 Tejas Networks LimitedTEJASNET ₹8,260 Cr — -31.6% +99.0% -4.2% -20.2% —
4 Avantel LimitedAVANTEL ₹3,993 Cr 232.44 5.1% +35.7% +67.2% -16.5% —
5 Pace Digitek LimitedPACEDIGITK ₹3,612 Cr — — — — — —
6 GTL Infrastructure LimitedGTLINFRA ₹1,371 Cr 1.27 -20.7% -2.2% +129.9% -30.5% —
7 Kavveri Defence & Wireless Technologies LimitedKAVDEFENCE ₹467 Cr — — — — -42.1% —
8 Frog Innovations LimitedFROG ₹394 Cr 68.16 3.6% +5.2% -136.0% +3.2% —
9 UMIYA BUILDCON LIMITEDUMIYA-MRO ₹171 Cr 19.99 — +27.3% -99.2% +6.7% —
10 ADC India Communications LtdBSE: 523411 — — — — — — —
11 Altius Telecom Infrastructure TrustBSE: 543225 — — — — — — —
12 Bondada Engineering LtdBSE: 543971 — — — — — — —
13 Clenon Enterprises LtdBSE: 517564 — — — — — — —
14 Kavveri DefenceKAVVERITEL — — — — — — —
15 Punjab Communications LtdBSE: 500346 — — — — — — —
16 Rama Telecom LimitedRTL — — — — — — —
17 Telogica LtdBSE: 532975 — — — — — — —
18 Valiant Communications LtdBSE: 526775 — — — — — — —

P/E "n/m" means the company made a loss over the last four quarters. Quarterly growth compares the latest quarter with the same quarter a year earlier. "—" means the figure is not available.

Frequently asked questions

Which are the largest telecom equipment & infrastructure stocks in India?

By market capitalisation: ITI Limited (₹23,257 Cr), Astra Microwave Products Limited (₹15,424 Cr), Tejas Networks Limited (₹8,260 Cr), Avantel Limited (₹3,993 Cr), Pace Digitek Limited (₹3,612 Cr).

How many telecom equipment & infrastructure companies are listed in India?

18 companies listed on NSE and BSE are classified in the Telecom Equipment & Infrastructure industry on this page, which merges the exchanges' and data vendors' labels for the same business.

What is the average P/E of telecom equipment & infrastructure stocks?

The median P/E of profitable telecom equipment & infrastructure companies worth more than ₹500 Cr is 84.9, based on trailing-twelve-month profit and the latest close.

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⚠️ How this site is made: Market data pages are computed automatically from NSE/BSE publications and company filings; news articles and announcement analyses are written with AI. Both can contain errors. Verify with the original sources before any investment decision. Not investment advice; Flash Finance is not SEBI-registered. How we use AI