Telecom - Services industry
29 companies · ₹16.4 L cr · 6 with AI deep dives
5y revenue CAGR
median 1.75%(p25 -2.85% · p75 16.58%)
5y avg ROCE
median 10.16%(p25 0.29% · p75 17.01%)
Debt / equity
median 0.34x(p25 0.12x · p75 0.59x)
AI sector brief
from the bucket's latest earnings calls · as of 2026-03-31tailwindBroad-based margin expansion across operators, infrastructure and equipment players4 managements
Four of the five companies with substantive Q4FY26 disclosures reported year-on-year margin improvement. Bharti Airtel's India EBITDAaL margin (ex-passive) rose 3.1 pp to 51.7%…
- BHARTIARTL (Q4FY26): “India EBITDAaL excluding passive, came in at about Rs.72,500 Crores, growing around 18%…”
4 more themes from this quarter's earnings calls are locked. A free account opens the full brief: every theme with verbatim management quotes, the demand picture, companies running against the tide, and the regulatory & disruption watch. Sign up free →
| Company | Mcap | AI verdict | Signals | Stated KPIs (latest call) |
|---|---|---|---|---|
| Bharti Airtel Ltd | ₹11.6 L cr | Unlock | earnings quality strongdeleveraging | |
| Vodafone Idea Ltd | ₹1.4 L cr | Unlock | ||
| Indus Towers Ltd | ₹1.0 L cr | Unlock | earnings quality strongnet cash | |
| Bharti Hexacom Ltd | ₹80,208 cr | Unlock | earnings quality strongdeleveraging | |
| Tata Communications Ltd | ₹50,020 cr | Unlock | earnings quality strong | |
| HFCL Ltd | ₹28,622 cr | Unlock | latent operating leveragecapex coming onlinecapex ahead of revenue | |
| Sigma Advanced System Ltd | ₹10,131 cr | Unlock | earnings quality weak | |
| Railtel Corporation of India Ltd | ₹9,208 cr | Unlock | earnings quality strong | |
| Tata Teleservices (Maharashtra) Ltd | ₹7,612 cr | Unlock | capital destroyer | |
| Pace Digitek Ltd | ₹4,188 cr | Unlock | earnings quality weak | |
| Route Mobile Ltd | ₹3,454 cr | Unlock | ||
| Bondada Engineering Ltd | ₹3,333 cr | Unlock | roce compounderearnings quality weak | |
| Vindhya Telelinks Ltd | ₹2,225 cr | Unlock | ||
| Mahanagar Telephone Nigam Ltd | ₹1,686 cr | Unlock | ||
| GTL Infrastructure Ltd | ₹1,537 cr | Unlock | capital destroyer | |
| STL Networks Ltd | ₹1,192 cr | Unlock | ||
| Suyog Telematics Ltd | ₹1,044 cr | Unlock | earnings quality strong | |
| Sar Televenture Ltd | ₹562 cr | Unlock | earnings quality weaknet cash | |
| Reliance Communications Ltd | ₹230 cr | Unlock | ||
| Kore Digital Ltd | ₹133 cr | Unlock | roce compoundernet cash | |
| GTL Ltd | ₹114 cr | Unlock | earnings quality weakcapital destroyer | |
| Rama Telecom Ltd | ₹106 cr | Unlock | earnings quality weak | |
| Accord Synergy Ltd | ₹73 cr | Unlock | net cash | |
| Steelman Telecom Ltd | ₹67 cr | Unlock | levering up | |
| Nettlinx Ltd | ₹37 cr | Unlock | latent operating leveragecapital destroyer | |
| Quadrant Televentures Ltd | ₹32 cr | Unlock | ||
| Vivo Collaboration Solutions Ltd | ₹16 cr | Unlock | ||
| Uniinfo Telecom Services Ltd | ₹13 cr | Unlock | ||
| City Online Services Ltd | ₹4 cr | Unlock |