Telecom Services stocks in India

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

19 companies Combined market cap ₹1,378,370 Cr Data as of 1 Oct 2026 close

There are 19 listed companies in the Telecom Services industry on NSE and BSE in our database, 15 of them with full financials.

The largest by market capitalisation are Bharti Airtel Limited (₹1,086,213 Cr), Vodafone Idea Limited (₹136,946 Cr), Bharti Hexacom Limited (₹68,960 Cr).

Among the 12 companies worth more than ₹500 Cr, the median P/E of the profitable ones is 29.8 and the median return on equity is 3.0%.

Fastest sales growth in the latest quarter (year on year, above ₹500 Cr): Mahanagar Telephone +320%, Bharti Airtel +18%, Bharti Hexacom +11%.

Telecom Services companies by market cap

#CompanyMarket cap P/EROEQtr sales YoY Qtr profit YoYReturn 1YNext results
1 Bharti Airtel LimitedBHARTIARTL ₹1,086,213 Cr 29.83 24.4% +18.4% +34.9% -10.1% —
2 Vodafone Idea LimitedIDEA ₹136,946 Cr 3.66 -104.5% +6.0% +43.2% +45.6% —
3 Bharti Hexacom LimitedBHARTIHEXA ₹68,960 Cr 37.80 25.5% +10.9% +23.2% -20.2% —
4 Tata Communications LimitedTATACOMM ₹47,980 Cr 51.25 27.2% +10.5% -31.8% +1.5% —
5 Nazara Technologies LimitedNAZARA ₹14,799 Cr — -1.5% -14.0% -260.6% +37.9% —
6 Railtel Corporation Of India LimitedRAILTEL ₹8,255 Cr 27.90 13.1% — — -32.4% —
7 Tata Teleservices (Maharashtra) LimitedTTML ₹6,807 Cr — 1.1% -3.9% +289.9% -37.6% —
8 STL Networks LimitedSTLNETWORK ₹2,303 Cr — — -22.5% +45.0% +42.8% —
9 NELCO LimitedNELCO ₹2,029 Cr 525.65 3.0% +7.0% +30.0% +0.0% —
10 Hathway Cable & Datacom LimitedHATHWAY ₹1,650 Cr 21.76 1.7% +6.5% -20.9% -34.9% —
11 Mahanagar Telephone Nigam LimitedMTNL ₹1,554 Cr — 10.0% +319.8% +10.5% -42.2% —
12 OnMobile Global LimitedONMOBILE ₹519 Cr — -2.0% -18.3% -362.5% -28.0% —
13 Reliance Communications LimitedRCOM ₹238 Cr — 9.1% -10.8% +68.4% -38.6% —
14 GTL LimitedGTL ₹107 Cr 0.18 -10.7% -17.1% +5436.4% -27.1% —
15 Uniinfo Telecom Services LimitedUNIINFO ₹12 Cr — -3.4% -1.4% +573.5% -38.1% —
16 Accord Synergy LimitedACCORD — — — — — — —
17 Nettlinx LtdBSE: 511658 — — — — — — —
18 Quadrant Televentures LtdBSE: 511116 — — — — — — —
19 Steelman Telecom LtdBSE: 543622 — — — — — — —

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 services stocks in India?

By market capitalisation: Bharti Airtel Limited (₹1,086,213 Cr), Vodafone Idea Limited (₹136,946 Cr), Bharti Hexacom Limited (₹68,960 Cr), Tata Communications Limited (₹47,980 Cr), Nazara Technologies Limited (₹14,799 Cr).

How many telecom services companies are listed in India?

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

What is the average P/E of telecom services stocks?

The median P/E of profitable telecom services companies worth more than ₹500 Cr is 29.8, 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