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Top Telecom Stocks in India

Last Updated on 23 Apr 2026 at 09:00

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 AIRTEL1,829.711,150,91130.433.1%1.314.1%65.3%
INDUS TOWERS408.31,077,03015.130.6%0.12.8%15.9%
BHARTI HEXACOM LTD.1,551.2775,57544.225.2%0.616.5%NM
TATA COMM1,524.6434,49743.253.0%3.611.4%2.3%
HFCL100.3153,550248.94.2%0.4NMNM
RAILTEL CORP OF INDIA331.7106,45533.515.0%0.031.0%12.8%
AGC NETWORKS530.994,23242.730.4%1.03.6%41.2%
SEDEMAC MECHATRONICS LTD.1,697.974,980NM16.1%0.232.5%137.8%
OPTIEMUS INFRACOM428.537,99957.810.8%0.258.8%NM
PACE DIGITEK LTD.174.337,612NM23.9%0.181.8%189.5%
VALIANT COMM930.210,64352.515.6%0.056.8%NM
SAR TELEVENTURE LTD.163.28,084NM5.8%0.0319.8%981.3%
ADC INDIA COMM.1,592.27,32439.935.0%0.015.7%42.3%
KAVVERI TELECOM68.34,10550.612.0%0.445.1%NM
SURANA TELE. & POWER19.02,58110.215.0%0.0NM43.6%
GOLDSTONE TECH40.82,13148.110.3%0.013.4%169.1%
RAMA TELECOM LTD.86.51,142NM33.6%0.38.7%76.4%
AISHWARYA TELECOM14.4943100.526.3%1.843.9%NM
MAESTROS ELECT141.277813.512.5%0.137.4%51.7%
MYSTIC ELECTRONICS4.0799.43.6%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.