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Top Telecom Stocks in India

Last Updated on 15 Apr 2026 at 15:32

The telecommunications sector in India has undergone significant changes in recent years, with the introduction of new technologies, 5G, and the entry of new players.

Here's a list of the top telecom stocks in India.

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CompanyCMP
(Rs)
MCap
(Rs m)
P/E
(x)
RoE
(Latest, %)
D/E
(Curr FY, x)
Sales CAGR
(3 yrs, %)
Profit CAGR
(3 yrs, %)
BHARTI AIRTEL1,858.511,326,42930.933.1%1.314.1%65.3%
INDUS TOWERS421.21,111,06215.630.6%0.12.8%15.9%
BHARTI HEXACOM LTD.1,546.2773,07544.125.2%0.616.5%NM
TATA COMM1,540.3438,98629.453.0%3.611.4%2.3%
HFCL87.5133,928217.14.2%0.4NMNM
RAILTEL CORP OF INDIA331.5106,39133.515.0%0.031.0%12.8%
AGC NETWORKS536.495,20043.130.4%1.03.6%41.2%
SEDEMAC MECHATRONICS LTD.1,718.075,870NM16.1%0.232.5%137.8%
PACE DIGITEK LTD.168.936,457NM23.9%0.181.8%189.5%
OPTIEMUS INFRACOM393.834,92653.110.8%0.258.8%NM
VALIANT COMM986.011,28255.715.6%0.056.8%NM
SAR TELEVENTURE LTD.165.08,175NM5.8%0.0319.8%981.3%
ADC INDIA COMM.1,626.07,48040.735.0%0.015.7%42.3%
KAVVERI TELECOM64.73,89147.912.0%0.445.1%NM
SURANA TELE. & POWER18.42,4919.815.0%0.0NM43.6%
GOLDSTONE TECH41.62,17549.110.3%0.013.4%169.1%
RAMA TELECOM LTD.87.51,155NM33.6%0.38.7%76.4%
MAESTROS ELECT144.479613.812.5%0.137.4%51.7%
AISHWARYA TELECOM10.065669.826.3%1.843.9%NM
MYSTIC ELECTRONICS3.5698.23.6%0.0NM281.1%

* We show NM where the values are negative

Disclaimer: This is for information purposes only. These are not stock recommendations and should not be treated as such. Learn more about our recommendation services here... Also note that these screeners are based only on numbers. There is no screening for management quality.

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FAQs

Which are the best telecom stocks in India right now?

As per Equitymaster's Stock Screener, here is a list of the best telecom stocks in India right now...


These companies have been ranked as per their price to book (PB) value ratio. Generally, speaking, low PB stocks are considered to be undervalued stocks. And high PB stocks are said to be expensive.

Of course, there are other parameters you should take into account before forming a hard opinion on the stock valuation.

Where can I find a list of telecom stocks?

The details of listed telecom companies can be found on the NSE and BSE website.

For a curated list you can check out our list of telecom stocks.

When should you invest in telecom stocks?

The best time to buy stocks from the telecom sector is when companies that have strong fundamentals are trading at attractive valuations.