Telecommunications Equipment Stocks and Companies in India

The largest Telecommunications Equipment stock in India by market value is Valiant Communications (₹1,752 crore), at prices of 6 Nov 2026.

• Valiant Communications: ₹1,498.90 | market value ₹1,752 crore | P/E 64.4

Share price | market value | P/E, biggest first. Prices, market values and ratios at the official close of 6 Nov 2026; the score list below uses the weekly figures.

All 1 listed Indian Telecommunications Equipment company is named here, largest first. This is the set of company people mean when they search for a Nifty Telecommunications Equipment index; NSE publishes its own indices only for the largest sectors, so this equal-weighted set stands in for one. Every figure is equal-weighted across those companies and carries its own as-of date.

1. Valiant Communications Ltd₹1,850 cr

One Telecommunications Equipment company has a page on Sector Alpha, as of 6 November 2026: Valiant Communications, with a market value of ₹1,851 crore.

Download this Telecommunications Equipment company (CSV)

The 52-week comparison of Telecommunications Equipment against NIFTY 500 is not available from the current market series. The one company we track passes the weekly momentum test (5+ points ahead of the NIFTY over 3 months, within 20% of its 52-week high).

The 52-week comparison for the industry is not available. 1 of 1 companies we track is currently doing better than the NIFTY 500 on relative strength (how a share price has done against the index over recent months). Valiant Communications Ltd leads with revenue of ₹92 crore, based on 1 of 1 comparable companies through Jun 2026.

A score that ranks each company against the others in its industry. The four parts shown always add up to the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or old evidence affects only its own part, never as a hidden adjustment.

Valiant Communications Ltd has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 77% evidence confidence.

Valiant Communications Ltd is the only company we track in Telecommunications Equipment; its price moved +103.0% over one year. Against the NIFTY it is 54.6% ahead on relative strength. Every line covers 313 weekly closes through 30 October 2026.

Price and relative strength

Price · same starting point: Every company, the sector's own index and NIFTY 500 all start level on the left edge of the window, so only the distance between the lines counts: the highest line has risen the most since then, and the chart at the top of this page is drawn the same way. It opens on one year; the buttons beside it stretch that to three or five.

RS vs NIFTY 500: How far ahead of or behind NIFTY 500 each company has been running, measured against its own recent average of that comparison, so the flat line at zero IS NIFTY 500: above it the company is beating the market, below it the market is beating the company. It opens on one year.

RS vs sector: The same measure taken against Telecommunications Equipment itself instead of the whole market, so the flat line at zero is the sector: above it the company is beating its own peers, which is the sharper test of the two. It opens on one year.

2 of 4 Telecommunications Equipment companies held a results call for July to September 2026. HFCL guided: FY27 consolidated revenue growth of at least 80% over FY26; ₹10,000 crore revenue milestone may arrive well before FY29.

From the results calls for July to September 2026.

Valiant Communications Ltd is the only Telecommunications Equipment company on this page, with Revenue of ₹92 crore. The same company also has the highest Revenue growth, at 65.7%. That is the only usable Revenue reading on this page, current through Jun 2026. Its Revenue series carries 15 reported observations across the 20-quarter window.

What the numbers say: Fast growth from a smaller base is not yet the same as proven size.

What this means: Valiant Communications Ltd is both the largest and the fastest-growing company here; the growth has to turn into margin and returns before it counts as more than a fast start.

This conclusion weakens if: Valiant Communications Ltd's revenue growth slows for two consecutive comparable reports while its operating margin also compresses.

Revenue is compared on a common reported-currency basis. Growth is year-on-year, so seasonality does not masquerade as progress.

Revenue · company comparison

Revenue

Valiant Communications Ltd: ₹92 cr

Revenue growth

Valiant Communications Ltd: 66%

All-company data · latest reported quarter

In every all-company table on this page, each figure is the company’s latest single reported quarter. The rankings above them use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

Revenue shows both size and speed. A large company can absorb shocks and pay for wide distribution; faster growth can mean market-share gains, new capacity or stronger demand. The best sign is usually growth that lasts without hurting margins and returns.

Valiant Communications Ltd is the only Telecommunications Equipment company on this page, with OPM of 42.7%. The same company also has the highest Margin change, at +8.3 percentage points. That is the only usable OPM reading on this page, current through Jun 2026. Its OPM series carries 20 reported observations across the 20-quarter window.

What the numbers say: Valiant Communications Ltd leads both opm at 42.7% and margin change at +8.3 percentage points.

What this means: Valiant Communications Ltd sets the level to compare against; the company improving fastest needs another report to confirm the change.

This conclusion weakens if: The next two comparable reports reverse the current margin change signal.

Operating margin compares operating profit with revenue. Improvement is measured in percentage points, not percentage growth.

Operating margin · company comparison

OPM

Valiant Communications Ltd: 43%

Margin change

Valiant Communications Ltd: +8.3 pp

All-company data · latest reported quarter

Valiant Communications Ltd is the only Telecommunications Equipment company on this page, with Net profit of ₹27 crore. The same company also has the highest Profit growth, at the 100% top of the scoring scale. That is the only usable Net profit reading on this page, current through Jun 2026.

What the numbers say: Valiant Communications Ltd earns the most, ₹27 crore of profit over the last 12 months, Valiant Communications Ltd shows at least 100% on the scoring scale (143% in full) growth from a profit base of ₹27 crore. A fast rate from a small base matters less than a large profit that keeps coming.

What this means: Valiant Communications Ltd sets the level to compare against; the company improving fastest needs another report to confirm the change.

This conclusion weakens if: The next two comparable reports reverse the current profit growth signal.

Net profit is the residual after operating costs, interest and tax. Growth off a loss or near-zero base is excluded from the fastest-grower rank.

Net profit · company comparison

Net profit

Valiant Communications Ltd: ₹27.2 cr

Profit growth

Valiant Communications Ltd: 100%

All-company data · latest reported quarter

Valiant Communications Ltd is the only Telecommunications Equipment company on this page, with ROCE of 37.7%. The same company also has the highest ROCE change, at +16 percentage points. That is the only usable ROCE reading on this page, current through Jun 2026.

What the numbers say: A high return reported once may be one good year; a high return reported year after year shows a lasting business.

What this means: Valiant Communications Ltd sets the level to compare against; the company improving fastest needs another report to confirm the change.

This conclusion weakens if: The next two comparable reports reverse the current roce change signal.

ROCE asks how much operating return the business earns on the capital employed. Direction matters, but a single exceptional year should not be mistaken for durability.

No quarter-by-quarter ROCE chart yet: the company has too few comparable reported quarters. The latest figures are in the table below.

ROCE

Valiant Communications Ltd: 38%

ROCE change

Valiant Communications Ltd: +16.0 pp

All-company data · latest reported quarter

No company in this Telecommunications Equipment comparison reports a valuation figure this section can compare, so the PEG rank is empty. Valiant Communications Ltd's P/E is 68× at the latest share price; the chart and table below show it at each quarter end.

What the numbers say: There is not enough comparable evidence to name a reliable peg leader.

What this means: A low valuation is a reason to look closer at the business, not a conclusion on its own.

This conclusion weakens if: The next two comparable reports reverse the current p/e signal.

PEG is shown only when earnings are positive and three-year EPS growth is between 5% and 60%. It is worked out the same way every time, as the P/E on the last 12 months of reported earnings divided by that growth rate, never on expected earnings. On Indian companies it is shown only where the two data feeds agreed. Where any of that fails the ratio is left out rather than printed: a P/E divided by a loss, or by growth measured off a tiny base, is a number that looks precise and means nothing.

Valuation · company comparison

P/E at the latest share price

Valiant Communications Ltd: 68.0×

All-company data · latest reported quarter

PEG is left out: no company here reports it on a comparable basis.

Telecommunications Equipment companies show up on one of our India lists. The most are on the momentum stocks list (1 company).

This Telecommunications Equipment comparison names 5 specific ways its own evidence can mislead, all listed below. The one company here reports on comparable dates, so no rank carries a stale marker. 1 of the 5 ranked sections has fewer than three usable current readings. A high growth rate can still come from a very small starting figure.

Keep these limits visible

• A high growth rate can come from a very small starting figure. The page keeps level and change separate for that reason.
• A high ROCE can be temporary, or look high because the capital base is small. It is best read beside margin, cash flow and how much is spent back on the business.
• The 4-Factor Sector Score ranks published data only. Management quality, upcoming events and risks are not part of it.
• An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion.
• Thin comparisons: Valuation have fewer than three usable current readings.

This comparison is built from the reported filings of 1 Telecommunications Equipment company, normalized to a common ₹ scale and a shared quarter axis of up to 20 quarters each. Fundamentals run through Jun 2026 and market data through 6 November 2026.

Every company's second-feed figures reconcile against the primary source on overlapping reported periods, so nothing here is unverified or withheld.

These 20 answers restate the Telecommunications Equipment comparison above in question form. Every one is computed from the same 1 company and the same reported filings as the rankings and charts, current through Jun 2026. Price and relative-strength answers run through 6 November 2026. Nothing here is estimated, and none of it is a recommendation.