Analysis Article • Aug 13
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Indian (NIFTY) Commercial Services Industry Analysis
UpdatedAug 14, 2026
DataAggregated Company Financials
Companies74
- 7D-3.0%
- 3M-0.4%
- 1Y-17.6%
- YTD-12.8%
Over the last 7 days, the Commercial Services industry has dropped 3.0%, driven by Indian Railway Catering & Tourism declining 3.1%. On the other hand Kapston Services is actually up 14%. Overall the industry is down 18% in 12 months. As for the next few years, earnings are expected to grow by 18% 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 |
|---|---|---|---|---|---|---|
| Fri, 14 Aug 2026 | ₹975.2b | ₹518.0b | ₹35.2b | 18.2x | 27.7x | 1.9x |
| Sun, 12 Jul 2026 | ₹1.0t | ₹496.3b | ₹33.5b | 21.1x | 30.1x | 2x |
| Tue, 09 Jun 2026 | ₹954.7b | ₹495.9b | ₹33.5b | 19.9x | 28.5x | 1.9x |
| Thu, 07 May 2026 | ₹1.0t | ₹487.1b | ₹35.2b | 19.9x | 29.2x | 2.1x |
| Sat, 04 Apr 2026 | ₹896.3b | ₹468.1b | ₹30.6b | 17x | 29.3x | 1.9x |
| Mon, 02 Mar 2026 | ₹963.2b | ₹468.0b | ₹30.6b | 19.3x | 31.5x | 2.1x |
| Wed, 28 Jan 2026 | ₹1.0t | ₹454.2b | ₹31.0b | 17.3x | 32.4x | 2.2x |
| Fri, 26 Dec 2025 | ₹1.1t | ₹454.0b | ₹31.0b | 18.7x | 35.8x | 2.4x |
| Sun, 23 Nov 2025 | ₹1.1t | ₹449.1b | ₹31.1b | 17.1x | 34.7x | 2.4x |
| Tue, 21 Oct 2025 | ₹1.1t | ₹437.0b | ₹30.3b | 19.9x | 37.2x | 2.6x |
| Thu, 18 Sep 2025 | ₹1.2t | ₹438.1b | ₹30.4b | 22.5x | 39.2x | 2.7x |
| Sat, 16 Aug 2025 | ₹1.2t | ₹407.4b | ₹31.8b | 20.7x | 36.7x | 2.9x |
| Mon, 14 Jul 2025 | ₹1.2t | ₹397.9b | ₹31.1b | 23.1x | 39.9x | 3.1x |
| Wed, 11 Jun 2025 | ₹1.2t | ₹394.7b | ₹30.7b | 23.5x | 39.9x | 3.1x |
| Fri, 09 May 2025 | ₹1.1t | ₹386.4b | ₹29.0b | 23.6x | 39.5x | 3x |
| Sun, 06 Apr 2025 | ₹1.1t | ₹382.0b | ₹30.6b | 21.3x | 37x | 3x |
| Tue, 04 Mar 2025 | ₹1.1t | ₹382.0b | ₹30.6b | 20.2x | 34.9x | 2.8x |
| Thu, 30 Jan 2025 | ₹1.2t | ₹371.6b | ₹29.2b | 27.5x | 40.8x | 3.2x |
| Sat, 28 Dec 2024 | ₹1.3t | ₹364.3b | ₹28.8b | 30.6x | 44.5x | 3.5x |
| Mon, 25 Nov 2024 | ₹1.3t | ₹364.4b | ₹28.8b | 28.9x | 45.2x | 3.6x |
| Wed, 23 Oct 2024 | ₹1.3t | ₹354.4b | ₹28.1b | 33.9x | 47.7x | 3.8x |
| Fri, 20 Sep 2024 | ₹1.4t | ₹355.4b | ₹28.1b | 31.6x | 49.9x | 3.9x |
| Sun, 18 Aug 2024 | ₹1.4t | ₹353.5b | ₹27.9b | 33.1x | 50.1x | 4x |
| Tue, 16 Jul 2024 | ₹1.5t | ₹345.3b | ₹26.5b | 31.9x | 55.6x | 4.3x |
| Thu, 13 Jun 2024 | ₹1.4t | ₹344.5b | ₹26.5b | 29.6x | 52x | 4x |
| Sat, 11 May 2024 | ₹1.3t | ₹335.7b | ₹25.5b | 31.7x | 52x | 3.9x |
| Mon, 08 Apr 2024 | ₹1.3t | ₹332.0b | ₹26.5b | 31.8x | 50.3x | 4x |
| Wed, 06 Mar 2024 | ₹1.2t | ₹323.2b | ₹26.1b | 30x | 47.3x | 3.8x |
| Fri, 02 Feb 2024 | ₹1.3t | ₹318.7b | ₹25.0b | 30.7x | 51.3x | 4x |
| Sun, 31 Dec 2023 | ₹1.2t | ₹313.9b | ₹26.0b | 31.1x | 46.1x | 3.8x |
| Tue, 28 Nov 2023 | ₹905.9b | ₹285.1b | ₹22.5b | 31.3x | 40.2x | 3.2x |
| Thu, 26 Oct 2023 | ₹850.4b | ₹277.3b | ₹22.5b | 34.2x | 37.8x | 3.1x |
| Sat, 23 Sep 2023 | ₹838.5b | ₹270.0b | ₹26.4b | 28x | 31.7x | 3.1x |
| Mon, 21 Aug 2023 | ₹806.4b | ₹264.5b | ₹25.3b | 27.6x | 31.9x | 3x |
Price to Earnings Ratio
31.9x
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 27.7x 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 | -0.13% | |
| Industrials | 0.55% | |
| Commercial Services | -3.01% | |
| Security and Alarm Services | 2.09% | |
| Office Services and Supplies | -1.62% | |
| Environmental and Facilities Services | -3.67% | |
| Diversified Support Services | -3.96% | |
| Commercial Printing | -9.72% | |
Industry PE
- Investors are most optimistic about the Security and Alarm Services industry which is trading above its 3-year average PE ratio of 28.9x.
- Analysts expect its future annual earnings growth (35.9%) to be largely in line with prior year's earnings growth.
- 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 6.5x.
Forecasted Growth
- Analysts are most optimistic on the Environmental and Facilities Services industry, expecting annual earnings growth of 45% over the next 5 years.
- This is better than its past earnings growth rate of 1.8% per year.
- In contrast, the Diversified Support Services industry is expected to see its earnings grow by 11% 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 | ₹588.40 | 11.9% +₹1.9b | 260.4% | PE58.7x | |
| KRYSTAL Krystal Integrated Services | ₹620.00 | 3.3% +₹275.9m | 0.6% | PE13.3x | |
| 500214 Ion Exchange (India) | ₹373.30 | 0.5% +₹209.0m | -13.5% | PE46.8x | |
| FLAIR Flair Writing Industries | ₹253.90 | 0.6% +₹158.1m | -16.6% | PE19.2x | |
| FELIX Felix Industries | ₹190.60 | 5.1% +₹128.1m | 8.9% | PE14.5x |
