Narrative Update • Jul 15
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Indian (NIFTY) Commercial Services Industry Analysis
UpdatedJul 22, 2026
DataAggregated Company Financials
Companies72
- 7D-0.4%
- 3M-0.8%
- 1Y-21.8%
- YTD-11.3%
Over the last 7 days, the Commercial Services industry has remained flat, although notably Kapston Services gained 12%. As for the longer term, the industry has declined 22% in the last year. Earnings are forecast to grow by 15% annually.
Industry Valuation and Performance
Has the Indian Commercial Services Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 23 Jul 2026 | ₹991.4b | ₹496.4b | ₹33.6b | 21.4x | 29.5x | 2x |
| Sat, 20 Jun 2026 | ₹992.3b | ₹495.9b | ₹33.5b | 21.1x | 29.6x | 2x |
| Mon, 18 May 2026 | ₹979.8b | ₹488.0b | ₹35.3b | 16.8x | 27.8x | 2x |
| Wed, 15 Apr 2026 | ₹952.4b | ₹468.1b | ₹30.6b | 18.5x | 31.1x | 2x |
| Fri, 13 Mar 2026 | ₹909.5b | ₹467.9b | ₹30.6b | 18.4x | 29.7x | 1.9x |
| Sun, 08 Feb 2026 | ₹1.0t | ₹465.9b | ₹30.4b | 18x | 33.9x | 2.2x |
| Tue, 06 Jan 2026 | ₹1.1t | ₹454.0b | ₹31.0b | 18.7x | 35.9x | 2.5x |
| Thu, 04 Dec 2025 | ₹1.1t | ₹449.1b | ₹30.9b | 18.4x | 35.8x | 2.5x |
| Sat, 01 Nov 2025 | ₹1.1t | ₹437.0b | ₹30.3b | 19.5x | 37.4x | 2.6x |
| Mon, 29 Sep 2025 | ₹1.1t | ₹435.4b | ₹30.2b | 21x | 37x | 2.6x |
| Wed, 27 Aug 2025 | ₹1.2t | ₹407.5b | ₹32.0b | 21.7x | 36.5x | 2.9x |
| Fri, 25 Jul 2025 | ₹1.2t | ₹398.2b | ₹31.2b | 23.2x | 39.6x | 3.1x |
| Sun, 22 Jun 2025 | ₹1.2t | ₹394.7b | ₹30.7b | 22.4x | 38.9x | 3x |
| Tue, 20 May 2025 | ₹1.3t | ₹386.0b | ₹29.4b | 24.6x | 42.6x | 3.2x |
| Thu, 17 Apr 2025 | ₹1.2t | ₹382.0b | ₹30.6b | 21.9x | 39.1x | 3.1x |
| Sat, 15 Mar 2025 | ₹1.1t | ₹382.0b | ₹30.6b | 19.6x | 35.8x | 2.9x |
| Mon, 10 Feb 2025 | ₹1.2t | ₹376.4b | ₹30.2b | 23.2x | 40.7x | 3.3x |
| Wed, 08 Jan 2025 | ₹1.3t | ₹364.3b | ₹28.8b | 29.9x | 44.4x | 3.5x |
| Fri, 06 Dec 2024 | ₹1.4t | ₹371.6b | ₹29.9b | 29.2x | 47.1x | 3.8x |
| Sun, 03 Nov 2024 | ₹1.4t | ₹359.8b | ₹28.8b | 34.4x | 47.5x | 3.8x |
| Tue, 01 Oct 2024 | ₹1.4t | ₹354.3b | ₹28.1b | 32.7x | 51.1x | 4x |
| Thu, 29 Aug 2024 | ₹1.4t | ₹353.6b | ₹27.9b | 34.5x | 51.3x | 4x |
| Sat, 27 Jul 2024 | ₹1.5t | ₹348.9b | ₹26.7b | 32.1x | 54.8x | 4.2x |
| Mon, 24 Jun 2024 | ₹1.4t | ₹344.9b | ₹26.4b | 31.4x | 52.1x | 4x |
| Wed, 22 May 2024 | ₹1.4t | ₹339.7b | ₹26.1b | 33.4x | 54.9x | 4.2x |
| Fri, 19 Apr 2024 | ₹1.3t | ₹334.1b | ₹26.5b | 29.8x | 50.1x | 4x |
| Sun, 17 Mar 2024 | ₹1.2t | ₹323.2b | ₹26.1b | 26.6x | 45.5x | 3.7x |
| Tue, 13 Feb 2024 | ₹1.2t | ₹320.2b | ₹25.4b | 29x | 47.7x | 3.8x |
| Thu, 11 Jan 2024 | ₹1.3t | ₹318.8b | ₹26.1b | 32.6x | 48x | 3.9x |
| Sat, 09 Dec 2023 | ₹1.0t | ₹301.7b | ₹25.1b | 31.8x | 40.8x | 3.4x |
| Mon, 06 Nov 2023 | ₹858.1b | ₹283.0b | ₹22.9b | 33.6x | 37.5x | 3x |
| Wed, 04 Oct 2023 | ₹855.3b | ₹270.1b | ₹26.5b | 29.6x | 32.3x | 3.2x |
| Fri, 01 Sep 2023 | ₹844.6b | ₹264.5b | ₹25.3b | 32.5x | 33.4x | 3.2x |
| Sun, 30 Jul 2023 | ₹798.4b | ₹261.2b | ₹25.3b | 28.9x | 31.5x | 3.1x |
Price to Earnings Ratio
31.5x
Current Industry PE
- Investors are pessimistic on the Indian Commercial Services industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 29.5x which is lower than its 3-year average PE of 40.6x.
- The 3-year average PS ratio of 3.1x is higher than the industry's current PS ratio of 2.0x.
Past Earnings Growth
- The earnings for companies in the Commercial Services industry have grown 9.9% per year over the last three years.
- Revenues for these companies have grown 24% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Indian Industrials industry?
| IN Market | 0.77% | |
| Industrials | 0.50% | |
| Commercial Services | -0.43% | |
| Commercial Printing | 3.27% | |
| Security and Alarm Services | 2.75% | |
| Diversified Support Services | -0.19% | |
| Environmental and Facilities Services | -1.36% | |
| Office Services and Supplies | -1.86% | |
Industry PE
- Investors are most optimistic about the Security and Alarm Services industry which is trading above its 3-year average PE ratio of 28.5x.
- Analysts expect its future annual earnings growth (32.7%) to be largely in line with prior year's earnings growth.
Forecasted Growth
- Analysts are most optimistic on the Security and Alarm Services industry, expecting annual earnings growth of 33% over the next 5 years.
- This is roughly in line with its past earnings growth rate.
- In contrast, the Diversified Support Services industry is expected to see its earnings grow by 9.8% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| KAPSTON Kapston Services | ₹464.45 | 11.8% +₹1.5b | 187.5% | PE50.2x | |
| CMSINFO CMS Info Systems | ₹272.90 | 1.0% +₹448.2m | -45.6% | PE14.4x | |
| UDS Updater Services | ₹196.15 | 2.5% +₹325.4m | -30.9% | PE15.3x | |
| 543193 DJ Mediaprint & Logistics | ₹108.40 | 7.1% +₹245.8m | -4.8% | PE34.2x | |
| ELGNZ Eleganz Interiors | ₹102.00 | 8.5% +₹179.7m | -30.6% | PE17.1x |
