Telecom - Equipment & Accessories industry

16 companies · ₹82,219 cr · 3 with AI deep dives

Turning upmargin troughed at -4.5% and has risen for 3 quarters to 9.7%, on positive revenue growth
Revenue YoY
+66.1%
EBITDA margin
9.7%
+820bps YoY
Price, 1 year
+52.5%
71% of names up
P/E vs own 5y
+34.6%
61.2x now

Exhibit 1The quarter in numbers

constant panel of 7 companies above ₹500 cr
aggregate revenue (₹ cr)EBITDA margin (right axis)
Revenue
Jun 26
3,976 cr
Mar 26
3,186 cr
QoQ
+24.8%
Jun 25
2,394 cr
YoY
+66.1%
Peak
5,962 cr
vs peak
-33.3%
EBITDA margin
Jun 26
9.7%
Mar 26
4.5%
QoQ
+520bps
Jun 25
1.5%
YoY
+820bps
Peak
12.1%
vs peak
-240bps

Breadth: 86% of 7 companies grew revenue year on year (was 71% a quarter earlier) and 86% expanded margin (was 71%).

Exhibit 2What it costs

49.62x - 77.07x across the panel today

The median name trades at 61.2x, +34.6% against this industry's own 5-year median of 45.5x, and -37.1% against its own peak of 97.3x.

Exhibit 3Structure

₹82,219 cr

Sterlite Technologies Ltd is 44.4% of this industry by market cap. The top 5 are 95.7% and the top 10 are 99.6%.

mid 2small 5micro 87 above ₹500 cr

Exhibit 4Screen

P/E below the sub-industry median of 61.17x, 5y ROCE above its median of 9.65%, and at least 2 growth triggers stated on the latest earnings call.

Which names clear this screen is premium

The screen runs on stated growth triggers from the latest earnings calls - the same guidance data the stock screener reserves for premium. Premium names every company in this industry that is cheap against its own median and has the triggers behind it.

See plans

Exhibit 5Coverage (15 of 15)

Every company here with a deep dive, topped up by market cap. The rest of the industry is in the appendix.

Mcap
₹46,246 cr
P/E
172.2x
EV/EBITDA
74.6x
ROCE
16.0%
Margin
15.8%
Rev YoY
+87.4%
Mcap
₹9,846 cr
P/E
-
EV/EBITDA
-21.4x
ROCE
-27.8%
Margin
-57.0%
Rev YoY
+99.1%
Mcap
₹25,318 cr
P/E
78.1x
EV/EBITDA
47.8x
ROCE
23.5%
Margin
24.4%
Rev YoY
-14.7%
Mcap
₹5,038 cr
P/E
67.6x
EV/EBITDA
43.2x
ROCE
10.1%
Margin
6.9%
Rev YoY
+102.8%
Mcap
₹1,532 cr
P/E
57.3x
EV/EBITDA
43.6x
ROCE
32.8%
Margin
39.2%
Rev YoY
+38.8%
Mcap
₹1,174 cr
P/E
24.2x
EV/EBITDA
25.7x
ROCE
22.1%
Margin
10.1%
Rev YoY
+51.1%
Mcap
₹1,058 cr
P/E
47.0x
EV/EBITDA
-
ROCE
33.7%
Margin
12.2%
Rev YoY
+40.6%
Mcap
₹415 cr
P/E
-
EV/EBITDA
287.2x
ROCE
1.1%
Margin
12.9%
Rev YoY
-63.2%
Mcap
₹179 cr
P/E
20.2x
EV/EBITDA
4.4x
ROCE
10.6%
Margin
59.9%
Rev YoY
+27.3%
Mcap
₹141 cr
P/E
-
EV/EBITDA
32.7x
ROCE
11.6%
Margin
5.3%
Rev YoY
+85.0%
Mcap
₹75 cr
P/E
13.8x
EV/EBITDA
23.6x
ROCE
17.6%
Margin
8.6%
Rev YoY
-12.6%
Mcap
₹54 cr
P/E
-
EV/EBITDA
24.1x
ROCE
-159.2%
Margin
-64.7%
Rev YoY
+353.3%
Mcap
₹44 cr
P/E
-
EV/EBITDA
-23.5x
ROCE
-8.7%
Margin
-60.3%
Rev YoY
-
Mcap
₹42 cr
P/E
-
EV/EBITDA
-24.0x
ROCE
2.0%
Margin
-881.9%
Rev YoY
-
Mcap
₹0 cr
P/E
-
EV/EBITDA
-
ROCE
-
Margin
-
Rev YoY
-

No earnings-call brief covers this industry yet. It appears once at least five companies here have a transcript analysed, or sooner from the parent industry. The numbers above do not depend on it.

AppendixThe other 0 companies

1-0
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