Narrative Update • Jul 27
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- 7D-1.8%
- 3M25.6%
- 1Y42.2%
- YTD42.9%
Over the last 7 days, the Communications industry has dropped 2.0%, driven by a pullback from Sterlite Technologies of 3.1%. Over the past 12 months, the industry was up 41%. Looking forward, earnings are forecast to grow by 36% annually.
Industry Valuation and Performance
Has the Indian Communications Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 31 Jul 2026 | ₹908.6b | ₹162.7b | ₹1.5b | 51.1x | 610.9x | 5.6x |
| Sun, 28 Jun 2026 | ₹1.0t | ₹151.5b | -₹14,148,000.00 | 59.9x | -70932.4x | 6.6x |
| Tue, 26 May 2026 | ₹836.4b | ₹155.0b | -₹4,763,198,000.00 | 68.4x | -175.6x | 5.4x |
| Thu, 23 Apr 2026 | ₹728.5b | ₹152.9b | -₹5,087,148,000.00 | 58.9x | -143.2x | 4.8x |
| Sat, 21 Mar 2026 | ₹610.0b | ₹168.5b | -₹3,743,448,000.00 | 50.8x | -163x | 3.6x |
| Mon, 16 Feb 2026 | ₹603.0b | ₹168.5b | -₹3,683,884,000.00 | 37.5x | -163.7x | 3.6x |
| Wed, 14 Jan 2026 | ₹604.4b | ₹173.6b | -₹3,306,816,000.00 | 47.6x | -182.8x | 3.5x |
| Fri, 12 Dec 2025 | ₹612.5b | ₹195.5b | ₹201.1m | 54.3x | 3045.4x | 3.1x |
| Sun, 09 Nov 2025 | ₹666.2b | ₹201.6b | -₹561,795,000.00 | 58x | -1185.8x | 3.3x |
| Tue, 07 Oct 2025 | ₹710.9b | ₹227.5b | ₹5.2b | 60.7x | 137x | 3.1x |
| Thu, 04 Sep 2025 | ₹678.9b | ₹227.5b | ₹5.2b | 45.5x | 130.8x | 3x |
| Sat, 02 Aug 2025 | ₹627.7b | ₹226.3b | ₹4.5b | 21.8x | 140.5x | 2.8x |
| Mon, 30 Jun 2025 | ₹704.2b | ₹238.3b | ₹6.4b | 26.5x | 110.5x | 3x |
| Wed, 28 May 2025 | ₹670.8b | ₹234.0b | ₹4.3b | 24.3x | 157.8x | 2.9x |
| Fri, 25 Apr 2025 | ₹629.7b | ₹238.7b | ₹4.9b | 30.2x | 127.8x | 2.6x |
| Sun, 23 Mar 2025 | ₹590.1b | ₹238.7b | ₹4.9b | 35.2x | 119.3x | 2.5x |
| Tue, 18 Feb 2025 | ₹580.3b | ₹238.7b | ₹4.9b | 37.2x | 117.8x | 2.4x |
| Thu, 16 Jan 2025 | ₹789.0b | ₹210.7b | ₹2.2b | 36.9x | 354.8x | 3.7x |
| Sat, 14 Dec 2024 | ₹848.7b | ₹210.7b | ₹2.2b | 37.7x | 381.1x | 4x |
| Mon, 11 Nov 2024 | ₹784.7b | ₹202.5b | ₹1.6b | 42.7x | 476.5x | 3.9x |
| Wed, 09 Oct 2024 | ₹703.2b | ₹177.7b | -₹491,184,000.00 | 34.3x | -1431.5x | 4x |
| Fri, 06 Sep 2024 | ₹802.3b | ₹177.5b | -₹559,478,000.00 | 35.2x | -1434x | 4.5x |
| Sun, 04 Aug 2024 | ₹786.7b | ₹174.0b | -₹456,562,000.00 | 41.6x | -1723.2x | 4.5x |
| Tue, 02 Jul 2024 | ₹833.3b | ₹164.7b | -₹580,541,000.00 | 44.8x | -1435.4x | 5.1x |
| Thu, 30 May 2024 | ₹727.4b | ₹164.0b | -₹375,089,000.00 | 36.7x | -1939.4x | 4.4x |
| Sat, 27 Apr 2024 | ₹697.7b | ₹172.6b | ₹2.7b | 57.3x | 255.2x | 4x |
| Mon, 25 Mar 2024 | ₹559.5b | ₹164.0b | ₹1.1b | 38.2x | 487.8x | 3.4x |
| Wed, 21 Feb 2024 | ₹657.1b | ₹164.0b | ₹1.1b | 43x | 573.9x | 4x |
| Fri, 19 Jan 2024 | ₹690.3b | ₹161.3b | ₹2.2b | 23.7x | 318x | 4.3x |
| Sun, 17 Dec 2023 | ₹645.8b | ₹161.2b | ₹2.2b | 23.9x | 299.1x | 4x |
| Tue, 14 Nov 2023 | ₹603.8b | ₹161.2b | ₹2.1b | 24.4x | 286.2x | 3.7x |
| Thu, 12 Oct 2023 | ₹574.5b | ₹158.0b | ₹2.5b | 24.5x | 232.5x | 3.6x |
| Sat, 09 Sep 2023 | ₹479.4b | ₹158.0b | ₹2.4b | 28.8x | 195.8x | 3x |
| Mon, 07 Aug 2023 | ₹416.9b | ₹152.6b | ₹2.3b | 31.4x | 178.5x | 2.7x |
Price to Earnings Ratio
178.5x
Current Industry PE
- Investors are optimistic on the Indian Communications industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 615x which is higher than its 3-year average PE of -2kx.
- The 3-year average PS ratio of 3.7x is lower than the industry's current PS ratio of 5.6x.
Past Earnings Growth
- The earnings for companies in the Communications industry have declined 14% per year over the last three years.
- Meanwhile revenues for these companies have grown 2.2% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Trends
Which industries have driven the changes within the Indian Tech industry?
| IN Market | 1.18% | |
| Tech | 6.50% | |
| Communications | -1.81% | |
| Communications Equipment | -1.81% | |
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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| TEJASNET Tejas Networks | ₹507.10 | 2.0% +₹1.7b | -13.1% | PS6.9x | |
| VINDHYATEL Vindhya Telelinks | ₹1.95k | 5.4% +₹1.2b | 22.5% | PE10.5x | |
| 544627 Purple Wave Infocom | ₹152.00 | 19.5% +₹229.8m | n/a | PE12.3x | |
| 517258 Precision Electronics | ₹208.00 | 1.1% +₹31.9m | 13.0% | PE473x | |
| 500346 Punjab Communications | ₹48.66 | 4.3% +₹24.3m | -9.6% | PE19.7x |