Analysis Article • Aug 09
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Indian (NIFTY) Commercial Services Industry Analysis
UpdatedAug 10, 2026
DataAggregated Company Financials
Companies73
- 7D2.7%
- 3M-1.2%
- 1Y-15.8%
- YTD-10.6%
In the last week, the Commercial Services industry is up 2.7%, with Indian Railway Catering & Tourism up 1.7%. During this same period, the Ion Exchange (India) underperformed, falling 10%. In the past year, the industry is down 16%. As for the next few years, earnings are expected to grow by 17% per annum.
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 |
|---|---|---|---|---|---|---|
| Tue, 11 Aug 2026 | ₹999.7b | ₹514.9b | ₹35.8b | 19x | 27.9x | 1.9x |
| Thu, 09 Jul 2026 | ₹975.6b | ₹496.3b | ₹33.5b | 20.5x | 29.1x | 2x |
| Sat, 06 Jun 2026 | ₹969.7b | ₹496.4b | ₹33.5b | 19.8x | 29x | 2x |
| Mon, 04 May 2026 | ₹978.1b | ₹468.2b | ₹30.3b | 19.6x | 32.3x | 2.1x |
| Wed, 01 Apr 2026 | ₹854.5b | ₹468.1b | ₹30.6b | 15.8x | 27.9x | 1.8x |
| Fri, 27 Feb 2026 | ₹984.5b | ₹468.1b | ₹30.6b | 19.5x | 32.1x | 2.1x |
| Sun, 25 Jan 2026 | ₹1.0t | ₹454.2b | ₹31.0b | 18x | 32.8x | 2.2x |
| Tue, 23 Dec 2025 | ₹1.1t | ₹454.0b | ₹31.0b | 18.3x | 35.9x | 2.5x |
| Thu, 20 Nov 2025 | ₹1.1t | ₹449.1b | ₹31.1b | 17.4x | 35.4x | 2.4x |
| Sat, 18 Oct 2025 | ₹1.1t | ₹437.1b | ₹30.3b | 19.9x | 37.2x | 2.6x |
| Mon, 15 Sep 2025 | ₹1.2t | ₹438.1b | ₹30.4b | 23.4x | 38.7x | 2.7x |
| Wed, 13 Aug 2025 | ₹1.2t | ₹405.0b | ₹31.5b | 21.4x | 37.2x | 2.9x |
| Fri, 11 Jul 2025 | ₹1.3t | ₹397.9b | ₹31.1b | 22.9x | 40.3x | 3.2x |
| Sun, 08 Jun 2025 | ₹1.2t | ₹394.7b | ₹30.7b | 23.2x | 39.5x | 3.1x |
| Tue, 06 May 2025 | ₹1.2t | ₹386.5b | ₹29.0b | 22.5x | 40.9x | 3.1x |
| Thu, 03 Apr 2025 | ₹1.2t | ₹382.0b | ₹30.6b | 21.6x | 37.8x | 3x |
| Sat, 01 Mar 2025 | ₹1.1t | ₹382.0b | ₹30.6b | 20.9x | 35.2x | 2.8x |
| Mon, 27 Jan 2025 | ₹1.2t | ₹369.7b | ₹29.0b | 29.7x | 41.8x | 3.3x |
| Wed, 25 Dec 2024 | ₹1.3t | ₹373.0b | ₹30.2b | 31.6x | 44.6x | 3.6x |
| Fri, 22 Nov 2024 | ₹1.3t | ₹364.1b | ₹28.8b | 28.5x | 44.7x | 3.5x |
| Sun, 20 Oct 2024 | ₹1.4t | ₹354.3b | ₹28.1b | 34.5x | 50.5x | 4x |
| Tue, 17 Sep 2024 | ₹1.5t | ₹355.4b | ₹28.1b | 33.6x | 52x | 4.1x |
| Thu, 15 Aug 2024 | ₹1.4t | ₹353.9b | ₹27.9b | 32.9x | 49.6x | 3.9x |
| Sat, 13 Jul 2024 | ₹1.5t | ₹345.3b | ₹26.5b | 30.7x | 55.8x | 4.3x |
| Mon, 10 Jun 2024 | ₹1.3t | ₹345.4b | ₹26.5b | 28.5x | 50.1x | 3.8x |
| Wed, 08 May 2024 | ₹1.3t | ₹335.7b | ₹25.5b | 32.3x | 52.1x | 4x |
| Fri, 05 Apr 2024 | ₹1.3t | ₹332.0b | ₹26.5b | 32.3x | 50x | 4x |
| Sun, 03 Mar 2024 | ₹1.2t | ₹323.2b | ₹26.1b | 29.7x | 47.5x | 3.8x |
| Tue, 30 Jan 2024 | ₹1.3t | ₹316.9b | ₹25.7b | 30.1x | 50.6x | 4.1x |
| Thu, 28 Dec 2023 | ₹1.2t | ₹313.9b | ₹26.0b | 32.3x | 45.8x | 3.8x |
| Sat, 25 Nov 2023 | ₹907.6b | ₹285.1b | ₹22.5b | 31.3x | 40.3x | 3.2x |
| Mon, 23 Oct 2023 | ₹899.8b | ₹277.3b | ₹22.5b | 37.5x | 40x | 3.2x |
| Wed, 20 Sep 2023 | ₹849.0b | ₹264.6b | ₹25.3b | 29.6x | 33.5x | 3.2x |
| Fri, 18 Aug 2023 | ₹811.6b | ₹264.5b | ₹25.3b | 27.6x | 32.1x | 3.1x |
Price to Earnings Ratio
32.1x
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 27.9x which is lower than its 3-year average PE of 40.5x.
- The 3-year average PS ratio of 3.1x is higher than the industry's current PS ratio of 1.9x.
Past Earnings Growth
- The earnings for companies in the Commercial Services industry have grown 12% per year over the last three years.
- Revenues for these companies have grown 25% 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 | 1.27% | |
| Industrials | 2.45% | |
| Commercial Services | 2.68% | |
| Diversified Support Services | 5.45% | |
| Security and Alarm Services | 4.61% | |
| Office Services and Supplies | -0.42% | |
| Commercial Printing | -2.14% | |
| Environmental and Facilities Services | -5.21% | |
Industry PE
- Investors are most optimistic about the Office Services and Supplies industry even though it's trading below its 3-year average PE ratio of 44.2x.
- Analysts are expecting annual earnings growth of 23.0%, which is higher than its past year's earnings growth of 4.6% per year.
- Investors are most pessimistic about the Commercial Printing industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 6.9x.
Forecasted Growth
- Analysts are most optimistic on the Environmental and Facilities Services industry, expecting annual earnings growth of 43% over the next 5 years.
- This is better than its past earnings decline of 0.6% per year.
- In contrast, the Diversified Support Services industry is expected to see its earnings grow by 9.7% 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 | |
|---|---|---|---|---|---|
| IRCTC Indian Railway Catering & Tourism | ₹522.25 | 1.7% +₹7.0b | -27.8% | PE30x | |
| IBULLSLTD Indiabulls | ₹28.80 | 6.3% +₹4.0b | 75.2% | PE16x | |
| KAPSTON Kapston Services | ₹566.05 | 7.6% +₹1.2b | 244.7% | PE61.2x | |
| CMSINFO CMS Info Systems | ₹279.35 | 1.4% +₹632.3m | -36.0% | PE14.7x | |
| SIS SIS | ₹427.35 | 0.5% +₹317.9m | 15.5% | PE41.2x |
