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Indian (NIFTY) Research and Consulting Services Industry Analysis

UpdatedApr 06, 2026
DataAggregated Company Financials
Companies28
  • 7D4.8%
  • 3M-21.3%
  • 1Y-20.6%
  • YTDn/a

The Research and Consulting Services industry is up 4.8% in the last week, with L&T Technology Services up 7.2%. In the past year, the industry is down 21%. As for the next few years, earnings are expected to grow by 16% per annum.

Industry Valuation and Performance

Has the Indian Research and Consulting Services Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 07 Apr 2026₹827.3b₹198.1b₹32.1b30.2x25.8x4.2x
Thu, 05 Mar 2026₹719.2b₹175.8b₹25.1b33.4x28.7x4.1x
Sat, 31 Jan 2026₹802.0b₹175.1b₹25.2b27.4x31.9x4.6x
Mon, 29 Dec 2025₹931.1b₹171.5b₹25.1b31.3x37.1x5.4x
Wed, 26 Nov 2025₹905.7b₹171.5b₹25.1b34.6x36.1x5.3x
Fri, 24 Oct 2025₹900.1b₹169.8b₹24.5b34.9x36.8x5.3x
Sun, 21 Sep 2025₹938.5b₹165.8b₹24.5b38x38.2x5.7x
Tue, 19 Aug 2025₹882.8b₹165.7b₹24.3b34.8x36.3x5.3x
Thu, 17 Jul 2025₹954.5b₹160.1b₹23.9b38.9x39.9x6x
Sat, 14 Jun 2025₹958.9b₹162.9b₹24.5b38.3x39.2x5.9x
Mon, 12 May 2025₹858.6b₹162.8b₹24.2b38.4x35.5x5.3x
Wed, 09 Apr 2025₹855.1b₹158.1b₹24.4b38.5x35x5.4x
Fri, 07 Mar 2025₹935.9b₹155.4b₹24.3b40.4x38.6x6x
Sun, 02 Feb 2025₹1.1t₹154.6b₹24.3b52.2x45.4x7.1x
Tue, 31 Dec 2024₹1.1t₹152.1b₹24.5b56x44.1x7.1x
Thu, 28 Nov 2024₹913.4b₹144.3b₹20.3b46.6x44.9x6.3x
Sat, 26 Oct 2024₹875.8b₹144.1b₹20.6b50x42.5x6.1x
Mon, 23 Sep 2024₹945.9b₹139.8b₹20.3b52.6x46.7x6.8x
Wed, 21 Aug 2024₹914.0b₹139.5b₹20.3b47.6x45.1x6.6x
Fri, 19 Jul 2024₹888.9b₹138.1b₹20.4b39x43.6x6.4x
Sun, 16 Jun 2024₹874.8b₹137.9b₹20.4b35.9x42.9x6.3x
Tue, 14 May 2024₹796.3b₹138.7b₹20.5b36.6x38.9x5.7x
Thu, 11 Apr 2024₹954.6b₹127.8b₹19.9b35.4x48x7.5x
Sat, 09 Mar 2024₹905.9b₹127.8b₹19.9b38.4x45.5x7.1x
Mon, 05 Feb 2024₹909.2b₹127.3b₹19.8b42.1x46x7.1x
Wed, 03 Jan 2024₹813.6b₹124.3b₹19.6b32.2x41.4x6.5x
Fri, 01 Dec 2023₹770.4b₹124.3b₹19.6b31.4x39.2x6.2x
Sun, 29 Oct 2023₹692.4b₹124.0b₹19.8b36.2x34.9x5.6x
Tue, 26 Sep 2023₹756.8b₹122.6b₹19.7b41x38.4x6.2x
Thu, 24 Aug 2023₹718.0b₹122.5b₹19.7b38.3x36.5x5.9x
Sat, 22 Jul 2023₹668.0b₹122.4b₹19.9b40.9x33.5x5.5x
Mon, 19 Jun 2023₹621.3b₹119.4b₹19.6b40.1x31.8x5.2x
Wed, 17 May 2023₹608.7b₹120.1b₹19.5b38.9x31.2x5.1x
Fri, 14 Apr 2023₹564.2b₹115.1b₹19.0b33.2x29.7x4.9x
Price to Earnings Ratio

29.7x


Total Market Cap: ₹564.2bTotal Earnings: ₹19.0bTotal Revenue: ₹115.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Research and Consulting Services Industry Price to Earnings3Y Average 38.2x202420252026
Current Industry PE
  • Investors are pessimistic on the Indian Research and Consulting 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 25.8x which is lower than its 3-year average PE of 38.2x.
  • The 3-year average PS ratio of 5.8x is higher than the industry's current PS ratio of 4.2x.
Past Earnings Growth
  • The earnings for companies in the Research and Consulting Services industry have grown 19% per year over the last three years.
  • Revenues for these companies have grown 20% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Comparison

How does Indian Research and Consulting Services compare with similar industries?

IN Market0.0067%
Industrials1.06%
Professional Services3.72%
Research and Consulting Services4.79%
HR Services1.22%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
LTTS L&T Technology Services₹3.35k7.2%
+₹23.8b		-18.1%PE28.2x
LATENTVIEW Latent View Analytics₹300.6019.7%
+₹10.2b		-14.6%PE31.3x
RITES RITES₹191.218.9%
+₹7.5b		-10.4%PE22.3x
EMUDHRA eMudhra₹422.1012.8%
+₹3.9b		-47.4%PE33.4x
IGIL International Gemmological Institute (India)₹322.051.3%
+₹1.8b		-11.3%PE26.2x

Latest News

MITCON
₹65.08
MITCON Consultancy & Engineering Services
7D
18.7%
1Y
-2.5%
LTTS
₹3,346.50
L&T Technology Services
7D
7.2%
1Y
-18.1%

LTTS: Lung Digital Twin Platform Will Drive Future Upside Potential

Analysts have cut their price target on L&T Technology Services from about ₹4,556 to roughly ₹3,938, citing revised assumptions for revenue growth, profit margins and future P/E multiples in their models. What's in the News L&T Technology Services launched a next generation AI powered digital twin platform focused on lung navigation, surgical planning and respiratory diagnostics, combining its medical imaging and connected healthcare capabilities with NVIDIA AI infrastructure (Key Developments).
LATENTVIEW
₹300.60
Latent View Analytics
7D
19.7%
1Y
-14.6%
CMPDI
₹152.30
Central Mine Planning & Design Institute
7D
-1.1%
1Y
n/a
EMUDHRA
₹422.10
eMudhra
7D
12.8%
1Y
-47.4%

EMUDHRA: Central Asia And Global Identity Deals Will Drive Stronger Bullish Re Rating

Analysts are keeping their fair value estimate for eMudhra broadly unchanged at about ₹918, with minimal tweaks to the discount rate and assumed future P/E. This reflects fine tuning of their valuation framework rather than a clear shift in outlook.
REPL
₹78.35
Rudrabhishek Enterprises
7D
27.8%
1Y
-55.0%
526546
₹98.50
Choksi Laboratories
7D
-4.9%
1Y
-12.8%
544091
₹317.00
Qualitek Labs
7D
2.6%
1Y
28.4%
501622
₹40.94
Amalgamated Electricity
7D
-5.0%
1Y
-14.7%
543234
₹108.45
SecMark Consultancy
7D
-2.5%
1Y
22.8%
539927
₹375.25
Likhami Consulting
7D
-5.0%
1Y
-22.1%
523712
₹6.19
JMG
7D
-2.8%
1Y
9.8%
IGIL
₹322.05
International Gemmological Institute (India)
7D
1.3%
1Y
-11.3%
RITES
₹191.21
RITES
7D
8.9%
1Y
-10.4%
531834
₹10.90
Natura Hue Chem
7D
-5.2%
1Y
11.9%
523862
₹30.00
Grand Oak Canyons Distillery
7D
-0.07%
1Y
29.4%