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Indian (NIFTY) Research and Consulting Services Industry Analysis

UpdatedJan 13, 2026
DataAggregated Company Financials
Companies29
  • 7D-3.8%
  • 3M-1.4%
  • 1Y-20.9%
  • YTDn/a

Over the last 7 days, the Research and Consulting Services industry has dropped 3.8%, driven by pullbacks in L&T Technology Services and International Gemmological Institute (India) of 2.3% and 7.0%, respectively. Overall the industry is down 21% in 12 months. Looking forward, earnings are forecast to grow by 16% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 13 Jan 2026₹875.5b₹171.5b₹25.1b30.5x34.9x5.1x
Thu, 11 Dec 2025₹925.4b₹171.5b₹25.1b30.7x36.9x5.4x
Sat, 08 Nov 2025₹901.6b₹170.6b₹24.5b33.9x36.7x5.3x
Mon, 06 Oct 2025₹915.2b₹165.7b₹24.4b35.8x37.5x5.5x
Wed, 03 Sep 2025₹905.6b₹165.7b₹24.3b35.1x37.2x5.5x
Fri, 01 Aug 2025₹928.9b₹165.6b₹24.6b36.2x37.8x5.6x
Sun, 29 Jun 2025₹943.0b₹162.8b₹24.5b37.6x38.6x5.8x
Tue, 27 May 2025₹948.2b₹162.5b₹24.3b40.3x39.1x5.8x
Thu, 24 Apr 2025₹930.3b₹158.3b₹24.6b42.4x37.9x5.9x
Sat, 22 Mar 2025₹943.0b₹158.1b₹24.4b41x38.6x6x
Mon, 17 Feb 2025₹990.5b₹155.3b₹24.3b41.4x40.8x6.4x
Wed, 15 Jan 2025₹1.1t₹152.1b₹24.5b53.8x43.4x7x
Fri, 13 Dec 2024₹932.5b₹144.3b₹20.3b52x45.8x6.5x
Sun, 10 Nov 2024₹882.8b₹145.2b₹20.5b52x43.1x6.1x
Tue, 08 Oct 2024₹882.1b₹142.2b₹20.6b49.8x42.9x6.2x
Thu, 05 Sep 2024₹940.6b₹139.5b₹20.3b46.6x46.4x6.7x
Sat, 03 Aug 2024₹906.9b₹139.5b₹20.2b42.7x44.9x6.5x
Mon, 01 Jul 2024₹875.5b₹137.9b₹20.4b35.5x43x6.3x
Wed, 29 May 2024₹840.8b₹5.0t₹896.8b37.6x0.9x0.2x
Fri, 26 Apr 2024₹898.4b₹127.8b₹19.9b35.7x45.2x7x
Sun, 24 Mar 2024₹905.9b₹127.8b₹19.9b35.3x45.6x7.1x
Tue, 20 Feb 2024₹927.1b₹127.8b₹19.9b39.2x46.6x7.3x
Thu, 18 Jan 2024₹862.5b₹126.9b₹20.0b35x43.1x6.8x
Sat, 16 Dec 2023₹829.7b₹124.3b₹19.6b30.7x42.3x6.7x
Mon, 13 Nov 2023₹693.1b₹123.8b₹19.5b34.2x35.5x5.6x
Wed, 11 Oct 2023₹758.1b₹122.6b₹19.7b41.9x38.5x6.2x
Fri, 08 Sep 2023₹759.5b₹122.5b₹19.7b40.6x38.6x6.2x
Sun, 06 Aug 2023₹684.2b₹122.3b₹19.6b37x34.8x5.6x
Tue, 04 Jul 2023₹625.6b₹119.4b₹19.6b40.3x32x5.2x
Thu, 01 Jun 2023₹619.0b₹119.4b₹19.6b39.9x31.5x5.2x
Sat, 29 Apr 2023₹600.9b₹118.8b₹19.5b35.7x30.9x5.1x
Mon, 27 Mar 2023₹540.0b₹115.1b₹19.0b31.2x28.4x4.7x
Wed, 22 Feb 2023₹577.7b₹115.1b₹19.0b31.9x30.4x5x
Fri, 20 Jan 2023₹549.1b₹111.9b₹18.4b33.6x29.9x4.9x
Price to Earnings Ratio

29.9x


Total Market Cap: ₹549.1bTotal Earnings: ₹18.4bTotal Revenue: ₹111.9bTotal 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 34.9x which is lower than its 3-year average PE of 38.2x.
  • The 3-year average PS ratio of 5.9x is higher than the industry's current PS ratio of 5.1x.
Past Earnings Growth
  • The earnings for companies in the Research and Consulting Services industry have grown 11% per year over the last three years.
  • Revenues for these companies have grown 15% 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 Market-2.54%
Industrials-4.17%
Professional Services-4.49%
Research and Consulting Services-3.80%
HR Services-2.71%
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₹4.32k0.4%
+₹1.6b
-8.3%PE35.8x
523862 Grand Oak Canyons Distillery₹37.624.5%
+₹840.6m
-47.0%PE98.4x
539927 Likhami Consulting₹327.655.0%
+₹155.2m
-56.3%PE1530.6x
522289 NMS Global₹66.0016.1%
+₹27.6m
32.0%PE28.5x
531834 Natura Hue Chem₹14.336.0%
+₹3.4m
84.0%PB0.6x

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