Sector Alpha Week of 2026-08-16
20-quarter listed-company comparison

Telecommunications - Service Provider Stocks in India

Telecommunications - Service Provider: STL Networks Ltd owns the largest revenue base AND the fastest current growth.

01 · the index people search for

Nifty Telecommunications - Service Provider Index — Constituents & Performance

All 2 listed Indian Telecommunications - Service Provider companies are named here, largest first — the same constituent set people search for as the Nifty Telecommunications - Service Provider index. Every figure on this page is equal-weighted across those companies, so one large constituent cannot set the reading. Each number carries its own as-of date.

  1. STL Networks Ltd₹1.3K Cr
  2. Bharti Airtel Ltd Partly Paidup
02 · sector relative strength, before individual stocks

Is Telecommunications - Service Provider outperforming NIFTY 500?

Telecommunications - Service Provider has outperformed NIFTY 500 by 28.9% over the last 52 weeks. Over 13 weeks the gap is a shortfall of 7%. 1 of 1 covered company currently beats NIFTY on Mansfield relative strength, so leadership inside the sector is broad. Bharti Airtel Ltd Partly Paidup is the strongest against the sector itself at +2.6%.

-7.0%Sector vs NIFTY 500 · 13 weeks
+28.9%Sector vs NIFTY 500 · 52 weeks
1/1Stocks leading NIFTY 500
1/1Stocks leading sector

Sector metric: — as of latest available · unclassified · direction unavailable.

The central tension: current leadership is concentrated, so durability matters more than rank.

Start with scale. Then earnings trajectory. Then business quality. Only after those three agree should price leadership carry much weight.

Bottom line

Telecommunications - Service Provider has outperformed NIFTY 500 by 28.9% over 52 weeks and 7% over 13 weeks. 1 of 1 covered companies beat NIFTY on Mansfield relative strength, while 1 of 1 beat the sector itself. STL Networks Ltd leads with revenue of ₹945 crore, based on 1 of 2 comparable companies through Jun 2026.

Companies
2
complete canonical membership
Combined market value
₹1.3K Cr
STL Networks Ltd
Revenue growing
0/1
positive TTM year-on-year growth
Beating NIFTY 500
1/1
positive Mansfield relative strength
Comparing 1 of 2
03 · research priority, made explicit

Best Telecommunications - Service Provider Stocks in India (Aug 2026), Ranked by Data

4-Factor Sector Score

An additive sector-relative research score. The four displayed point contributions always equal the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or stale evidence is absorbed inside the affected factor, never applied as a hidden adjustment.

Growth & earnings · 35%Capital efficiency · 25%Valuation · 20%Relative strength · 20%
Bharti Airtel Ltd Partly Paidup has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 18.8% evidence confidence.
How this score is built, and what the marks mean

Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step curve the sector itself is placed on — basing, turning, breaking out, leader, fading, asleep — read from how many weeks running it has led NIFTY 500 and whether that lead is widening or shrinking. It describes where the PRICE stands, not the earnings trajectory and not a recommendation, and it is left blank for a company whose weekly history is too short or too stale to read.

Top 10 Telecommunications - Service Provider Stocks in India

CompanyScorePrice stageGrowth & earnings/35Capital efficiency/25Valuation/20Relative strength/20
1Bharti Airtel Ltd Partly PaidupAIRTELPP 56.8/100Thin evidence · provisional19% evidence 17.5/35 Revenue — · PAT — · OPM change — 0% evidence 14.9/25 ROCE — · OPM — 19% evidence 10.0/20 P/E 35.9× · PEG — 0% evidence 14.4/20 RS sector 2.6% · RS bench 4.1% · 1Y 11.2%11 of 12 weeks ahead to 2026-02-08 70% evidence
Exact sum: 17.5 + 14.9 + 10 + 14.4 = 56.8 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
2STL Networks LtdSTLNETWORK 31.7/100Thin evidence · provisional49% evidence ASLEEP 11.1/35 Revenue -7% · PAT -80% · OPM change 2.5 pp 71% evidence 0.6/25 ROCE 0.6% · OPM 4.7% 95% evidence 10.0/20 P/E — · PEG — 0% evidence 10.0/20 RS sector — · RS bench — · 1Y 23.1%7 of 12 weeks ahead 0% evidence
Exact sum: 11.1 + 0.6 + 10 + 10 = 31.7 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
04 · what price has already done

Market action

STL Networks Ltd has the strongest one-year price move in Telecommunications - Service Provider at +23.1%. Bharti Airtel Ltd Partly Paidup leads on Mansfield relative strength against NIFTY at +4.1%. 1 of 1 covered company is above zero on that measure. Every line covers 313 weekly closes through 2026-08-14.

Price and relative strength

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.

05 · compare level, then change

Revenue Scale & Growth Durability

STL Networks Ltd has the highest Revenue among the 2 Telecommunications - Service Provider companies compared here, at ₹945 crore. The same company also holds the highest Revenue growth, at -7%. 1 of 2 companies report a comparable reading, the latest through Jun 2026. Its Revenue series carries 9 reported observations across the 10-quarter window.

What the numbers say: STL Networks Ltd is the scale leader at ₹945 crore, STL Networks Ltd's growth is -7% from a ₹945 crore base, with 9 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.

LeaderSTL Networks Ltd · ₹945 crore
GapNot enough peers
Persistence2/5 recent comparable periods
Coverage1/2 companies · 9 observations

Investor read: STL Networks Ltd is the scale benchmark; STL Networks Ltd is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns.

This conclusion weakens if: STL Networks Ltd's growth falls below STL Networks Ltd's for two consecutive comparable reports while 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.
Revenuelargest
1STL Networks Ltd STLNETWORK⚠ unverified₹945 Cr
Revenue growthfastest growers
1STL Networks Ltd STLNETWORK⚠ unverified-7.0%
Revenue · company comparison
1/2 level · 1/2 change

On every company-comparison chart on this page: solid lines show level, dotted lines show change when “Both” is selected, and a missing report breaks the line rather than being invented.

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.

CompanyRevenueRevenue growthReported
STL Networks Ltd STLNETWORK⚠ unverified₹176 Cr-7.4%Jun 2026
Full 10-quarter history · every available company

Revenue · reported quarter history

STL Networks Ltd · STLNETWORK⚠ unverified

₹355 Cr
₹357 Cr
₹288 Cr
₹181 Cr
₹190 Cr
₹231 Cr
₹335 Cr
₹203 Cr
₹176 Cr

Revenue growth · reported quarter history

STL Networks Ltd · STLNETWORK⚠ unverified

-46%
-35%
16%
12%
-7.4%
06 · compare level, then change

Operating Economics & Margin Trend

STL Networks Ltd has the highest OPM among the 2 Telecommunications - Service Provider companies compared here, at 4.7%. The same company also holds the highest Margin change, at +2.5 percentage points. 1 of 2 companies report a comparable reading, the latest through Jun 2026. Its OPM series carries 9 reported observations across the 10-quarter window.

What the numbers say: STL Networks Ltd leads both opm at 4.7% and margin change at +2.5 percentage points.

LeaderSTL Networks Ltd · 4.7%
GapNot enough peers
Persistence1/5 recent comparable periods
Coverage1/2 companies · 9 observations

Investor read: STL Networks Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

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.
OPMhighest
1STL Networks Ltd STLNETWORK⚠ unverified4.7%
Margin changefastest expanders
1STL Networks Ltd STLNETWORK⚠ unverified+2.5 pp
Operating margin · company comparison
1/2 level · 1/2 change
All-company data · latest reported quarter
CompanyOPMMargin changeReported
STL Networks Ltd STLNETWORK⚠ unverified4.7%+2.5 ppJun 2026
Full 10-quarter history · every available company

OPM · reported quarter history

STL Networks Ltd · STLNETWORK⚠ unverified

6.0%
7.0%
7.0%
2.6%
2.2%
2.8%
7.0%
2.5%
4.7%

Margin change · reported quarter history

STL Networks Ltd · STLNETWORK⚠ unverified

−3.8 pp
−4.2 pp
0.0 pp
−0.1 pp
+2.5 pp
07 · compare level, then change

Profit Scale & Acceleration

STL Networks Ltd has the highest Net profit among the 2 Telecommunications - Service Provider companies compared here, at ₹99 crore net cash. 1 of 2 companies report a comparable reading, the latest through Jun 2026. Its Net profit series carries 9 reported observations across the 10-quarter window.

What the numbers say: STL Networks Ltd leads net profit at ₹99 crore net cash; the second comparison lacks enough current evidence.

LeaderSTL Networks Ltd · ₹99 crore net cash
GapNot enough peers
Persistence0/2 recent comparable periods
Coverage1/2 companies · 9 observations

Investor read: STL Networks Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

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 profitlargest
1STL Networks Ltd STLNETWORK⚠ unverified₹-99 Cr
Profit growthfastest growers
Not enough comparable data
Net profit · company comparison
1/2 level · 0/2 change
All-company data · latest reported quarter
CompanyNet profitProfit growthReported
STL Networks Ltd STLNETWORK⚠ unverified₹-22 Cr-480%Jun 2026
Full 10-quarter history · every available company

Net profit · reported quarter history

STL Networks Ltd · STLNETWORK⚠ unverified

₹1 Cr
₹5 Cr
₹-17 Cr
₹-21 Cr
₹-22 Cr
₹-19 Cr
₹-11 Cr
₹-47 Cr
₹-22 Cr

Profit growth · reported quarter history

STL Networks Ltd · STLNETWORK⚠ unverified

-2,300%
-480%
08 · compare level, then change

Return On Capital Employed

STL Networks Ltd has the highest ROCE among the 2 Telecommunications - Service Provider companies compared here, at 0.6%. The same company also holds the highest ROCE change, at -4.3 percentage points. 1 of 2 companies report a comparable reading, the latest through Jun 2026. Its ROCE series carries 5 reported observations across the 10-quarter window.

What the numbers say: STL Networks Ltd leads ROCE at 0.6%. STL Networks Ltd has the strongest latest improvement at -4.3 percentage points. Read the leader beside the density of its reported history: a sparse high return is a candidate; a repeated high return is evidence of durability.

LeaderSTL Networks Ltd · 0.6%
GapNot enough peers
Persistence0/1 recent comparable periods
Coverage1/2 companies · 5 observations

Investor read: STL Networks Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

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.
ROCEhighest
1STL Networks Ltd STLNETWORK⚠ unverified0.6%
ROCE changefastest improvers
1STL Networks Ltd STLNETWORK⚠ unverified−4.3 pp
Return on capital · company comparison
1/2 level · 1/2 change
All-company data · latest reported quarter
CompanyROCEROCE changeReported
STL Networks Ltd STLNETWORK⚠ unverified2.2%−4.3 ppJun 2026
Full 10-quarter history · every available company

ROCE · reported quarter history

STL Networks Ltd · STLNETWORK⚠ unverified

6.5%
5.3%
3.2%
2.9%
2.2%

ROCE change · reported quarter history

STL Networks Ltd · STLNETWORK⚠ unverified

−4.3 pp
09 · compare level, then change

Valuation Against Growth & Quality

No company in this Telecommunications - Service Provider comparison reports a valuation figure this section can compare, so the PEG rank is empty. On P/E, Bharti Airtel Ltd Partly Paidup is lowest at 35.9×, across 1 of 2 companies with a usable reading.

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

LeaderNo comparable leader
GapNot enough peers
PersistenceNot enough history
Coverage0/2 companies · 0 observations

Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.

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 recomputed consistently as the trailing P/E divided by that growth rate — reported earnings, never an expected-earnings multiple. 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.
PEGlowest PEG
Not enough comparable data
P/Elowest P/E
Valuation · company comparison
0/2 level · 1/2 change
All-company data · latest reported quarter
CompanyPEGP/EReported
Bharti Airtel Ltd Partly Paidup AIRTELPP35.9
Full 10-quarter history · every available company

No consistent historical series is available for peg.

No consistent historical series is available for p/e.

10 · before the conclusion, check the blind spots

What can make this comparison misleading?

This Telecommunications - Service Provider comparison names 6 specific ways its own evidence can mislead, all listed below. All 2 companies here report on comparable dates, so no rank carries a stale marker. 1 draws at least one figure from a second feed with too little overlap to cross-check. A high growth rate can still be a low-base artefact.

Keep these limits visible

  • A high growth rate can be a low-base artefact. The page keeps level and change separate for that reason.
  • A high ROCE can be temporary or flattered by a small capital base. Read it beside margin, cash conversion and reinvestment.
  • The 4-Factor Sector Score ranks research priority, not portfolio action. Management quality, catalysts and risks need equally fresh evidence before capital is deployed.
  • An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion.
  • 1 company draws at least one figure from a second data feed with too little overlapping history to cross-check against the primary source; it is marked unverified wherever that figure appears.
  • Thin comparisons: Revenue, Operating margin, Net profit, Return on capital, Valuation have fewer than three usable current readings.
11 · evidence and freshness

How was this comparison built?

This comparison is built from the reported filings of 2 Telecommunications - Service Provider companies, normalized to a common ₹ scale and a shared quarter axis of up to 10 quarters each. Fundamentals run through Jun 2026 and market data through 2026-08-14. A second data feed fills gaps only after identity and scale reconciliation, and missing observations are never interpolated.

FundamentalsThrough Jun 2026 · up to 10 quarters per company
Market dataThrough 2026-08-14 · weekly price and relative-strength history
Derived metricsGrowth, changes and PEG are calculated only when their inputs are comparable.
Score confidenceMissing and stale evidence reduces confidence and pulls the 0–100 research-priority score toward neutral.
Source standing0 cross-checked · 2 unverified · 0 withheld, of 2 graded companies.
How a second data feed is admitted, and what happens when it disagrees

A second feed is read only after its reported income is matched against the primary source on at least three overlapping periods. Where the two agree the figures fill silently. Where there is too little shared history to compare, the figures are still drawn — they are the only evidence there is — and marked ⚠ unverified everywhere they appear. Where the two are known to disagree, nothing from the second feed is drawn and the affected company is named under the chart it is missing from.

12 · questions investors ask, short speakable answers

Telecommunications - Service Provider company comparison FAQs

These 20 answers restate the Telecommunications - Service Provider comparison above in question form. Every one is computed from the same 2 companies and the same reported filings as the rankings and charts, current through Jun 2026. Price and relative-strength answers run through 2026-08-14. Nothing here is estimated, and none of it is a recommendation.

Is the Telecommunications - Service Provider sector outperforming NIFTY 500?

Telecommunications - Service Provider has outperformed NIFTY 500 by 28.9% over 52 weeks and 7% over 13 weeks. 1 of 1 covered companies beat NIFTY on Mansfield relative strength, while 1 of 1 beat the sector itself.

Which Telecommunications - Service Provider company is largest by revenue?

STL Networks Ltd leads with revenue of ₹945 crore, based on 1 of 2 comparable companies through Jun 2026.

Which Telecommunications - Service Provider company is growing fastest?

STL Networks Ltd has the fastest current revenue growth at -7%, across 1 of 2 comparable companies.

Which Telecommunications - Service Provider company has the strongest 4-Factor Sector Score?

Bharti Airtel Ltd Partly Paidup ranks first at 56.8/100 with 18.8% evidence confidence. The score prioritizes research; it is not a buy recommendation.

How much history does this Telecommunications - Service Provider comparison include?

The page compares up to 10 reported quarters per company for fundamentals, returns and valuation, ending Jun 2026. Missing observations remain blank rather than being estimated.

How is the 4-Factor Sector Score calculated?

The four visible contributions add directly: growth and earnings up to 35 points, capital efficiency up to 25, valuation up to 20, and relative strength up to 20. Missing or stale evidence moves only the affected contribution toward neutral.

Is there a Nifty Telecommunications - Service Provider index?

NSE India maintains Nifty indices for several broad sector categories — Nifty Bank, Nifty IT, Nifty Pharma and others — but not for every sub-sector grouping on this site. Whether or not an official Nifty index covers Telecommunications - Service Provider, this page builds its own equal-weight basket of 2 listed Telecommunications - Service Provider companies — one company, one vote, regardless of market value — so no single large company dominates the reading. Figures are as of Jun 2026.

Which are the best Telecommunications - Service Provider stocks in India?

Ranked by this page's four-factor score, Bharti Airtel Ltd Partly Paidup places first among 2 listed Telecommunications - Service Provider companies, followed by STL Networks Ltd. That is a ranking of published data — earnings, quality, valuation and market behaviour as of Jun 2026 — and not a recommendation; Sector Alpha is not registered with SEBI as an investment adviser.

How many Telecommunications - Service Provider stocks are listed in India?

This comparison covers 2 listed Telecommunications - Service Provider companies in India, each above the size floor the site applies, with 20 quarters of reported figures per company where the filings exist. The full ranked list is on this page, as of Jun 2026.

Which Telecommunications - Service Provider company is the biggest?

STL Networks Ltd is the largest, with trailing-twelve-month revenue of ₹945 crore. That covers 1 of 2 companies with comparable reporting through Jun 2026.

Which Telecommunications - Service Provider company has the best profit margins?

STL Networks Ltd has the highest operating margin at 4.7%, from 1 of 2 comparable companies. STL Networks Ltd shows the biggest recent improvement, at +2.5 percentage points. A high margin matters most when it is holding or rising, not when it is peaking.

Which Telecommunications - Service Provider company makes the most profit?

STL Networks Ltd earns the most, at ₹99 crore of trailing-twelve-month net profit, from 1 of 2 comparable companies.

Which Telecommunications - Service Provider company earns the highest return on capital?

STL Networks Ltd leads on return on capital employed at 0.6%, across 1 of 2 companies. Read it beside the length of its reported history: a high return that repeats for years is evidence of a durable business, while a single high reading can be a small capital base or one good year.

Is the Telecommunications - Service Provider sector beating the market?

Telecommunications - Service Provider has outperformed NIFTY 500 by 28.9% over the last 52 weeks and 7% over 13 weeks, measured on an equal-weight index of its current members. Inside the sector, 1 of 1 covered companies are beating the market on their own. Sector strength does not transfer evenly to every stock in it.

Which Telecommunications - Service Provider stock has the strongest price momentum?

Bharti Airtel Ltd Partly Paidup has the strongest relative strength against NIFTY 500. Relative strength answers last, after growth, quality and valuation: price can move well before the fundamentals confirm it, and sometimes without them confirming at all.

How many Telecommunications - Service Provider companies does this comparison cover, and over what period?

It compares 2 listed companies over up to 10 reported quarters of fundamentals, ending Jun 2026, plus weekly price and relative-strength history. Membership is the full sector list — nothing is dropped for having thin data.

What is the total market cap of the Telecommunications - Service Provider sector?

The 2 Telecommunications - Service Provider companies on this page carry ₹1,258 crore of combined market value. STL Networks Ltd is the largest at ₹1,258 crore, about 100% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-08-16.

How is the Telecommunications - Service Provider sector performing?

1 of the 1 covered Telecommunications - Service Provider companies are beating NIFTY 500 on Mansfield relative strength. The sector itself is 28.9% ahead of NIFTY 500 over 52 weeks on an equal-weight index of its current members. Readings are as of 2026-08-16.

Why are some values on this page blank?

A blank means that company did not report a comparable figure for that period, so nothing is shown. Missing observations are never interpolated, carried forward, or replaced with a similar-looking accounting line, and a company with missing evidence has its research score pulled toward neutral rather than being scored as bad.

Is this investment advice?

No. Every figure here is a deterministic calculation from reported company filings and market data, published for research. It contains no recommendation to buy or sell any security, does not account for your circumstances, and is not a substitute for advice from a licensed adviser.

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