Indus Towers (NSE:INDUSTOWER) Has More To Do To Multiply In Value Going Forward
Nov 28
Indian (NIFTY) Telecom Sector Analysis
UpdatedNov 30, 2023
DataAggregated Company Financials
Companies132
- 7D1.6%
- 3M10.7%
- 1Y14.6%
- YTD19.3%
In the last week, the Telecom industry is flat overall, with Info Edge (India) standing out by going down 4.1%. As for the the longer term, the industry is up 15% over the past 12 months. As for the next few years, earnings are expected to grow by 39% per annum.
Sector Valuation and Performance
Has the Indian Telecom Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 30 Nov 2023 | ₹9.4t | ₹2.8t | ₹203.6b | 31.5x | 46.1x | 3.4x |
| Sat, 28 Oct 2023 | ₹8.5t | ₹2.7t | ₹184.2b | 33.5x | 46.4x | 3.1x |
| Mon, 25 Sep 2023 | ₹8.8t | ₹2.7t | ₹181.1b | 34x | 48.6x | 3.3x |
| Wed, 23 Aug 2023 | ₹8.4t | ₹2.7t | ₹180.8b | 31.1x | 46.5x | 3.1x |
| Fri, 21 Jul 2023 | ₹8.3t | ₹2.7t | ₹196.4b | 30.8x | 42.5x | 3.1x |
| Sun, 18 Jun 2023 | ₹7.9t | ₹2.6t | ₹196.5b | 31.6x | 40.2x | 3x |
| Tue, 16 May 2023 | ₹7.3t | ₹2.6t | ₹177.2b | 35x | 41.4x | 2.9x |
| Thu, 13 Apr 2023 | ₹7.1t | ₹2.6t | ₹164.0b | 32.3x | 43.6x | 2.8x |
| Sat, 11 Mar 2023 | ₹7.1t | ₹2.6t | ₹163.6b | 31.3x | 43.7x | 2.8x |
| Mon, 06 Feb 2023 | ₹7.3t | ₹2.5t | ₹207.4b | 31.6x | 35.2x | 2.9x |
| Wed, 04 Jan 2023 | ₹7.7t | ₹2.5t | ₹232.1b | 30.1x | 33.4x | 3.1x |
| Fri, 02 Dec 2022 | ₹8.1t | ₹2.5t | ₹232.2b | 31.4x | 34.8x | 3.2x |
| Sun, 30 Oct 2022 | ₹7.7t | ₹2.4t | ₹295.9b | 28.5x | 26.1x | 3.2x |
| Tue, 27 Sep 2022 | ₹7.3t | ₹2.4t | ₹302.2b | 27.1x | 24.1x | 3.1x |
| Thu, 25 Aug 2022 | ₹7.4t | ₹2.4t | ₹302.2b | 25.6x | 24.5x | 3.1x |
| Sat, 23 Jul 2022 | ₹6.9t | ₹2.1t | ₹287.4b | 27.9x | 24.1x | 3.3x |
| Mon, 20 Jun 2022 | ₹6.4t | ₹2.3t | ₹286.7b | 24.1x | 22.3x | 2.8x |
| Wed, 18 May 2022 | ₹7.0t | ₹2.2t | ₹275.2b | 23.5x | 25.3x | 3.2x |
| Fri, 15 Apr 2022 | ₹7.4t | ₹2.0t | ₹252.8b | 26.6x | 29.3x | 3.7x |
| Sun, 13 Mar 2022 | ₹7.0t | ₹2.0t | ₹255.9b | 23.6x | 27.5x | 3.5x |
| Tue, 08 Feb 2022 | ₹7.3t | ₹2.0t | ₹154.2b | 29.9x | 47.2x | 3.7x |
| Thu, 06 Jan 2022 | ₹7.5t | ₹1.9t | ₹104.6b | 29x | 71.7x | 3.9x |
| Sat, 04 Dec 2021 | ₹7.6t | ₹1.9t | ₹103.7b | 25.5x | 73.1x | 4x |
| Mon, 01 Nov 2021 | ₹7.3t | ₹1.9t | ₹4.8b | 30x | 1539.3x | 3.9x |
| Wed, 29 Sep 2021 | ₹7.2t | ₹1.8t | -₹5,599,509,973.00 | 21.9x | -1293.6x | 4x |
| Fri, 27 Aug 2021 | ₹6.0t | ₹1.8t | -₹5,232,849,333.00 | 18.6x | -1143.2x | 3.3x |
| Sat, 03 Jul 2021 | ₹5.6t | ₹1.8t | -₹5,232,849,333.00 | 23x | -1071.7x | 3.1x |
| Tue, 06 Apr 2021 | ₹5.3t | ₹1.7t | -₹185,188,817,368.00 | 18.4x | -28.5x | 3.1x |
| Fri, 08 Jan 2021 | ₹5.1t | ₹1.7t | -₹265,352,173,604.00 | 15.6x | -19.3x | 3x |
Price to Earnings Ratio
-23.2x
Current Industry PE
- Investors are optimistic on the Indian Communication Services industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 45.8x which is higher than its 3-year average PE of -101x.
- The industry is trading close to its 3-year average PS ratio of 3.3x.
Past Earnings Growth
- Total earnings for the Communication Services industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 19% per year.
- This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.
Industry Trends
Which industries have driven the changes within the Indian Telecom sector?
| IN Market | 1.58% | |
| Telecom | 1.58% | |
| Wireless Telecom | 2.70% | |
| Media | 1.20% | |
| Entertainment | 0.72% | |
| Telecom Services and Carriers | -0.016% | |
| Interactive Media and Services | -3.52% | |
Industry PE
- Investors are most optimistic about the Wireless Telecom industry which is trading above its 3-year average PE ratio of 37.5x.
- Analysts are expecting annual earnings growth of 44.0%, which is higher than its past year's earnings growth of 14.5% per year.
- Investors are most pessimistic about the Entertainment industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average.
Forecasted Growth
- Analysts are most optimistic on the Entertainment industry, expecting annual earnings growth of 51% over the next 5 years.
- This is roughly in line with its past earnings growth rate.
- In contrast, the Telecom Services and Carriers industry is expected to see its earnings grow by 20% 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 | |
|---|---|---|---|---|---|
| 532454 Bharti Airtel | ₹995.50 | 2.7% +₹157.5b | 17.3% | PE79.3x | |
| 532371 Tata Teleservices (Maharashtra) | ₹93.45 | 9.0% +₹15.0b | -8.6% | PS16.1x | |
| AFFLE Affle (India) | ₹1.12k | 5.1% +₹7.7b | -10.5% | PE59.5x | |
| PVRINOX PVR INOX | ₹1.70k | 2.6% +₹4.2b | -8.2% | PS3.1x | |
| SUNTV Sun TV Network | ₹670.60 | 1.1% +₹3.0b | 36.4% | PE14.2x |
