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Indian (NIFTY) Telecom Services and Carriers Industry Analysis
UpdatedAug 28, 2025
DataAggregated Company Financials
Companies10
- 7D-3.1%
- 3M-11.8%
- 1Y-25.6%
- YTD-8.0%
Over the last 7 days, the Telecom Services and Carriers industry has dropped 3.1%, driven by Tata Communications declining 5.0%. Overall the industry is down 26% in 12 months. As for the next few years, earnings are expected to grow by 6.8% per annum.
Industry Valuation and Performance
Has the Indian Telecom Services and Carriers Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 28 Aug 2025 | ₹1.6t | ₹627.3b | ₹116.8b | 29.7x | 13.5x | 2.5x |
| Sat, 26 Jul 2025 | ₹1.8t | ₹620.6b | ₹119.9b | 32.8x | 15x | 2.9x |
| Mon, 23 Jun 2025 | ₹1.8t | ₹615.4b | ₹121.0b | 29x | 15.1x | 3x |
| Wed, 21 May 2025 | ₹1.8t | ₹620.4b | ₹122.8b | 25.6x | 14.4x | 2.8x |
| Fri, 18 Apr 2025 | ₹1.7t | ₹608.7b | ₹117.6b | 30.3x | 14.7x | 2.8x |
| Sun, 16 Mar 2025 | ₹1.5t | ₹608.7b | ₹117.6b | 25.3x | 12.8x | 2.5x |
| Tue, 11 Feb 2025 | ₹1.6t | ₹608.0b | ₹117.5b | 38.2x | 14x | 2.7x |
| Thu, 09 Jan 2025 | ₹1.7t | ₹600.9b | ₹91.4b | 43.7x | 18.2x | 2.8x |
| Sat, 07 Dec 2024 | ₹1.8t | ₹600.9b | ₹91.4b | 46.5x | 19.9x | 3x |
| Mon, 04 Nov 2024 | ₹1.7t | ₹600.6b | ₹91.4b | 52.6x | 19.2x | 2.9x |
| Wed, 02 Oct 2024 | ₹2.0t | ₹586.1b | ₹81.9b | 58.3x | 24.6x | 3.4x |
| Fri, 30 Aug 2024 | ₹2.1t | ₹586.1b | ₹81.9b | 58.3x | 26.2x | 3.7x |
| Sun, 28 Jul 2024 | ₹2.1t | ₹581.7b | ₹76.0b | 47.7x | 27.4x | 3.6x |
| Tue, 25 Jun 2024 | ₹1.9t | ₹571.0b | ₹76.0b | 44x | 25.6x | 3.4x |
| Thu, 23 May 2024 | ₹1.7t | ₹571.0b | ₹76.0b | 45x | 22.7x | 3x |
| Sat, 20 Apr 2024 | ₹1.7t | ₹565.5b | ₹71.0b | 45.3x | 24.2x | 3x |
| Mon, 18 Mar 2024 | ₹1.5t | ₹554.3b | ₹71.0b | 46x | 20.7x | 2.7x |
| Wed, 14 Feb 2024 | ₹1.3t | ₹553.5b | ₹71.0b | 48.1x | 18.7x | 2.4x |
| Fri, 12 Jan 2024 | ₹1.3t | ₹536.3b | ₹51.8b | 48x | 25.4x | 2.5x |
| Sun, 10 Dec 2023 | ₹1.2t | ₹536.3b | ₹51.8b | 35.7x | 23x | 2.2x |
| Tue, 07 Nov 2023 | ₹1.2t | ₹535.6b | ₹51.9b | 25.5x | 22.5x | 2.2x |
| Thu, 05 Oct 2023 | ₹1.3t | ₹538.1b | ₹50.7b | 28.3x | 24.7x | 2.3x |
| Sat, 02 Sep 2023 | ₹1.2t | ₹538.1b | ₹50.7b | 27.7x | 23.7x | 2.2x |
| Mon, 31 Jul 2023 | ₹1.1t | ₹538.1b | ₹50.7b | 26.4x | 22x | 2.1x |
| Wed, 28 Jun 2023 | ₹1.0t | ₹531.3b | ₹43.3b | 24.2x | 23.5x | 1.9x |
| Fri, 26 May 2023 | ₹873.3b | ₹531.1b | ₹43.3b | 20x | 20.2x | 1.6x |
| Sun, 23 Apr 2023 | ₹849.2b | ₹529.4b | ₹47.3b | 19.7x | 17.9x | 1.6x |
| Tue, 21 Mar 2023 | ₹867.5b | ₹526.4b | ₹47.7b | 18.3x | 18.2x | 1.6x |
| Thu, 16 Feb 2023 | ₹944.9b | ₹525.4b | ₹47.7b | 18.9x | 19.8x | 1.8x |
| Sat, 14 Jan 2023 | ₹1.0t | ₹524.4b | ₹70.7b | 21.1x | 14.7x | 2x |
| Mon, 12 Dec 2022 | ₹1.0t | ₹524.4b | ₹70.7b | 19.7x | 14.8x | 2x |
| Wed, 09 Nov 2022 | ₹1.0t | ₹523.7b | ₹70.8b | 19.7x | 14.7x | 2x |
| Fri, 07 Oct 2022 | ₹1.0t | ₹509.7b | ₹76.6b | 16.8x | 13.3x | 2x |
| Sun, 04 Sep 2022 | ₹1.0t | ₹509.7b | ₹76.6b | 15.2x | 13.4x | 2x |
Price to Earnings Ratio
13.4x
Current Industry PE
- Investors are pessimistic on the Indian Telecom 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 13.5x which is lower than its 3-year average PE of 19.5x.
- The industry is trading close to its 3-year average PS ratio of 2.5x.
Past Earnings Growth
- The earnings for companies in the Telecom industry have grown 15% per year over the last three years.
- Revenues for these companies have grown 7.2% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Indian Telecom industry?
| IN Market | -1.54% | |
| Telecom | -1.21% | |
| Telecom Services and Carriers | -3.15% | |
| Integrated Telecom Services | -3.05% | |
| Alternative Carriers | -4.46% | |
Industry PE
- Investors are most optimistic about the Alternative Carriers industry, which is trading close to its 3-year average PE ratio of 38.4x.
- Analysts are expecting annual earnings growth of 17.2%, which is lower than the prior year's growth of 23.7% per year.
- Investors are most pessimistic about the Integrated Telecom Services industry, which is trading below its 3-year average of 18.9x.
Forecasted Growth
- Analysts are most optimistic on the Alternative Carriers industry, expecting annual earnings growth of 17% over the next 5 years.
- However this is lower than its past earnings growth rate of 24% per year.
- In contrast, the Integrated Telecom Services industry is expected to see its earnings grow by 5.9% 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 | |
|---|---|---|---|---|---|
| KDL Kore Digital | ₹271.15 | 1.0% +₹33.7m | -63.7% | PE8.2x | |
| 532354 Virgo Global | ₹4.90 | 4.0% +₹2.0m | -51.3% | PE106.3x | |
| 543622 Steelman Telecom | ₹118.00 | 0.2% +₹1.9m | -28.9% | PS0.5x |
