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Indian (NIFTY) Research and Consulting Services Industry Analysis

UpdatedJan 06, 2026
DataAggregated Company Financials
Companies29
  • 7D-1.9%
  • 3M-0.4%
  • 1Y-19.6%
  • YTDn/a

Over the last 7 days, the Research and Consulting Services industry has dropped 1.9%, driven by L&T Technology Services declining 2.4%. On the other hand IMEC Services is actually up 15%. The industry has fallen 20% in the last year. 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
Wed, 07 Jan 2026₹910.1b₹171.5b₹25.1b31.8x36.3x5.3x
Fri, 05 Dec 2025₹934.7b₹171.5b₹25.1b32x37.3x5.4x
Sun, 02 Nov 2025₹895.4b₹170.3b₹24.5b34.2x36.5x5.3x
Tue, 30 Sep 2025₹874.6b₹165.7b₹24.4b33.3x35.9x5.3x
Thu, 28 Aug 2025₹911.4b₹165.7b₹24.3b36.1x37.5x5.5x
Sat, 26 Jul 2025₹932.8b₹165.2b₹24.1b39.6x38.7x5.6x
Mon, 23 Jun 2025₹924.1b₹162.9b₹24.5b37.3x37.8x5.7x
Wed, 21 May 2025₹942.6b₹163.5b₹24.3b41.3x38.9x5.8x
Fri, 18 Apr 2025₹894.7b₹158.1b₹24.4b42.1x36.6x5.7x
Sun, 16 Mar 2025₹864.7b₹158.1b₹24.4b38x35.4x5.5x
Tue, 11 Feb 2025₹1.1t₹155.3b₹24.3b46.3x44.7x7x
Thu, 09 Jan 2025₹1.1t₹152.1b₹24.5b58.1x46.4x7.5x
Sat, 07 Dec 2024₹908.7b₹144.3b₹20.3b55.3x44.7x6.3x
Mon, 04 Nov 2024₹871.1b₹145.0b₹20.7b53.7x42.1x6x
Wed, 02 Oct 2024₹916.1b₹139.8b₹20.3b55.5x45.2x6.6x
Fri, 30 Aug 2024₹956.9b₹139.5b₹20.3b48.7x47.3x6.9x
Sun, 28 Jul 2024₹916.4b₹140.0b₹20.5b41.4x44.8x6.5x
Tue, 25 Jun 2024₹872.8b₹137.9b₹20.4b36.4x42.8x6.3x
Thu, 23 May 2024₹844.7b₹5.0t₹896.8b38.6x0.9x0.2x
Sat, 20 Apr 2024₹899.3b₹127.8b₹19.9b34.6x45.2x7x
Mon, 18 Mar 2024₹880.2b₹127.8b₹19.9b34.4x44.3x6.9x
Wed, 14 Feb 2024₹925.5b₹127.8b₹19.9b36.7x46.6x7.2x
Fri, 12 Jan 2024₹835.4b₹124.3b₹19.6b32.2x42.5x6.7x
Sun, 10 Dec 2023₹784.1b₹124.3b₹19.6b30.7x39.9x6.3x
Tue, 07 Nov 2023₹693.9b₹123.1b₹19.5b36.9x35.6x5.6x
Thu, 05 Oct 2023₹739.2b₹122.6b₹19.7b39.7x37.5x6x
Sat, 02 Sep 2023₹740.6b₹122.5b₹19.7b39x37.7x6x
Mon, 31 Jul 2023₹664.4b₹122.3b₹19.6b35.2x33.8x5.4x
Wed, 28 Jun 2023₹616.8b₹119.4b₹19.6b40.4x31.5x5.2x
Fri, 26 May 2023₹602.9b₹119.8b₹19.5b42.8x30.9x5x
Sun, 23 Apr 2023₹548.9b₹115.1b₹19.0b34.4x28.9x4.8x
Tue, 21 Mar 2023₹558.6b₹115.1b₹19.0b31.8x29.4x4.9x
Thu, 16 Feb 2023₹567.6b₹115.1b₹19.0b30.9x29.9x4.9x
Sat, 14 Jan 2023₹552.8b₹111.9b₹18.4b34.1x30.1x4.9x
Price to Earnings Ratio

30.1x


Total Market Cap: ₹552.8bTotal 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 relatively neutral on the Indian Research and Consulting Services industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 38.2x.
  • The industry is trading close to its 3-year average PS ratio of 5.9x.
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 16% 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 Market1.84%
Industrials2.19%
Professional Services-0.50%
Research and Consulting Services-1.85%
HR Services0.46%
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
RITES RITES₹242.532.2%
+₹2.5b
-14.8%PE28.4x
REPL Rudrabhishek Enterprises₹121.324.0%
+₹82.7m
-62.9%PE20.9x
CADSYS Cadsys (India)₹49.756.6%
+₹31.0m
-55.7%PS0.4x
513295 IMEC Services₹343.504.5%
+₹27.9m
404.6%PE2.6x
526546 Choksi Laboratories₹123.001.7%
+₹13.9m
6.0%PE51.8x

Latest News

LTTS: AI Partnerships And New Centers Will Drive Future Upside

Analysts have nudged their price target on L&T Technology Services slightly higher to about ₹5,555 from roughly ₹5,551, citing incrementally stronger expectations for revenue growth and profit margins, even with a marginally higher discount rate and a slightly lower future P E multiple. What's in the News Board meeting scheduled on January 15, 2026, to review unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025 (company filing) Special/extraordinary shareholders meeting via postal ballot on January 18, 2026, to seek shareholder approvals on key corporate matters (company filing) Launch of a Global Development Center in APAC with PALFINGER to provide AI driven engineering, embedded software, PLM migration, CAE simulations and digital mock up services, strengthening LTTS' Mobility segment presence (company announcement) Development of an AI powered digital twin platform for respiratory diagnostics and lung navigation, built on NVIDIA AI infrastructure and to be unveiled at RSNA 2025 (company announcement) New AI led digital transformation partnership with Autodesk, including a Center of Excellence in Vadodara to support Industry 4.0 and digital plant innovation across multiple process industries (company announcement) Valuation Changes Fair Value: nudged slightly higher to about ₹5,555 from roughly ₹5,551, reflecting marginally stronger fundamentals.