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Indian (NIFTY) Telecom Services and Carriers Industry Analysis
UpdatedOct 16, 2025
DataAggregated Company Financials
Companies9
- 7D3.0%
- 3M-6.7%
- 1Y-11.7%
- YTD-0.2%
In the last week, the Telecom Services and Carriers industry is up 3.0%, with Tata Communications up 16%. However, the industry is down 12% over the past year. Earnings are forecast to grow by 7.7% annually.
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, 16 Oct 2025 | ₹1.7t | ₹627.3b | ₹116.8b | 28.3x | 14.6x | 2.7x |
| Sat, 13 Sep 2025 | ₹1.7t | ₹627.4b | ₹116.8b | 25.7x | 14.2x | 2.6x |
| Mon, 11 Aug 2025 | ₹1.6t | ₹626.3b | ₹116.7b | 31.4x | 13.5x | 2.5x |
| Wed, 09 Jul 2025 | ₹1.9t | ₹616.9b | ₹121.1b | 30.9x | 15.4x | 3x |
| Fri, 06 Jun 2025 | ₹1.8t | ₹615.2b | ₹120.9b | 27.4x | 15x | 3x |
| Sun, 04 May 2025 | ₹1.7t | ₹621.2b | ₹122.8b | 26x | 13.8x | 2.7x |
| Tue, 01 Apr 2025 | ₹1.6t | ₹608.7b | ₹117.6b | 28.9x | 13.3x | 2.6x |
| Thu, 27 Feb 2025 | ₹1.5t | ₹608.7b | ₹117.6b | 27.4x | 12.9x | 2.5x |
| Sat, 25 Jan 2025 | ₹1.7t | ₹603.1b | ₹92.8b | 36.7x | 18.5x | 2.8x |
| Mon, 23 Dec 2024 | ₹1.7t | ₹600.9b | ₹91.4b | 43.6x | 18.5x | 2.8x |
| Wed, 20 Nov 2024 | ₹1.7t | ₹601.7b | ₹91.4b | 47.7x | 18.5x | 2.8x |
| Fri, 18 Oct 2024 | ₹1.9t | ₹586.1b | ₹81.9b | 54.5x | 23.1x | 3.2x |
| Sun, 15 Sep 2024 | ₹2.1t | ₹586.1b | ₹81.9b | 61.6x | 25.8x | 3.6x |
| Tue, 13 Aug 2024 | ₹2.0t | ₹585.6b | ₹81.9b | 54.3x | 24.8x | 3.5x |
| Thu, 11 Jul 2024 | ₹1.9t | ₹571.0b | ₹76.0b | 46.5x | 25.2x | 3.4x |
| Sat, 08 Jun 2024 | ₹1.7t | ₹571.0b | ₹76.0b | 30x | 22.7x | 3x |
| Mon, 06 May 2024 | ₹1.7t | ₹570.2b | ₹75.9b | 49.4x | 22.6x | 3x |
| Wed, 03 Apr 2024 | ₹1.7t | ₹554.3b | ₹71.0b | 45.3x | 23.8x | 3x |
| Fri, 01 Mar 2024 | ₹1.5t | ₹554.3b | ₹71.0b | 52.9x | 21.7x | 2.8x |
| Sun, 28 Jan 2024 | ₹1.4t | ₹554.3b | ₹71.2b | 50.3x | 19.6x | 2.5x |
| Tue, 26 Dec 2023 | ₹1.2t | ₹536.3b | ₹51.8b | 37.3x | 23.4x | 2.3x |
| Thu, 23 Nov 2023 | ₹1.2t | ₹535.9b | ₹51.8b | 36.8x | 22.8x | 2.2x |
| Sat, 21 Oct 2023 | ₹1.2t | ₹542.0b | ₹47.6b | 33.9x | 24.4x | 2.1x |
| Mon, 18 Sep 2023 | ₹1.2t | ₹538.1b | ₹50.7b | 28x | 24.3x | 2.3x |
| Wed, 16 Aug 2023 | ₹1.1t | ₹538.1b | ₹50.7b | 28x | 21.6x | 2x |
| Fri, 14 Jul 2023 | ₹1.0t | ₹531.3b | ₹43.3b | 27.2x | 23.6x | 1.9x |
| Sun, 11 Jun 2023 | ₹982.6b | ₹531.2b | ₹43.3b | 23.3x | 22.7x | 1.8x |
| Tue, 09 May 2023 | ₹888.0b | ₹525.8b | ₹43.0b | 19.9x | 20.6x | 1.7x |
| Thu, 06 Apr 2023 | ₹862.3b | ₹526.4b | ₹47.7b | 19.7x | 18.1x | 1.6x |
| Sat, 04 Mar 2023 | ₹922.6b | ₹526.4b | ₹47.7b | 18.6x | 19.3x | 1.8x |
| Mon, 30 Jan 2023 | ₹861.2b | ₹524.9b | ₹48.0b | 19.2x | 17.9x | 1.6x |
| Wed, 28 Dec 2022 | ₹1.0t | ₹524.4b | ₹70.7b | 19.4x | 14.5x | 2x |
| Fri, 25 Nov 2022 | ₹1.1t | ₹524.4b | ₹70.7b | 20x | 15.1x | 2x |
| Sun, 23 Oct 2022 | ₹1.0t | ₹512.8b | ₹77.7b | 15.7x | 13x | 2x |
Price to Earnings Ratio
13x
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 14.6x 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 7.0% 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 | 0.71% | |
| Telecom | 0.90% | |
| Telecom Services and Carriers | 3.03% | |
| Integrated Telecom Services | 3.65% | |
| Alternative Carriers | -4.53% | |
Industry PE
- Investors are most optimistic about the Alternative Carriers industry, which is trading close to its 3-year average PE ratio of 39.4x.
- 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 6.9% 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 | |
|---|---|---|---|---|---|
| TATACOMM Tata Communications | ₹1.97k | 16.2% +₹78.2b | 7.7% | PE39.2x | |
| HFCL HFCL | ₹77.32 | 4.5% +₹4.8b | -41.7% | PE329.3x | |
| SARTELE SAR Televenture | ₹190.65 | 9.3% +₹765.5m | -42.2% | PE19.1x |