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Indian (NIFTY) Telecom Services and Carriers Industry Analysis

UpdatedMar 14, 2026
DataAggregated Company Financials
Companies8
  • 7D-5.1%
  • 3M-5.6%
  • 1Y13.9%
  • YTD-9.4%

Over the last 7 days, the Telecom Services and Carriers industry has dropped 5.1%, driven by Indus Towers declining 6.2%. This takes the industry's 12 month performance to a gain of 14%. Earnings are forecast to grow by 14% annually.

Industry Valuation and Performance

Has the Indian Telecom Services and Carriers Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 14 Mar 2026₹1.7t₹654.2b₹91.5b20.8x18.9x2.6x
Mon, 09 Feb 2026₹1.8t₹654.2b₹91.5b22.6x20.1x2.8x
Wed, 07 Jan 2026₹1.9t₹640.9b₹112.5b27x16.8x2.9x
Fri, 05 Dec 2025₹1.8t₹640.9b₹112.5b24.7x16.1x2.8x
Sun, 02 Nov 2025₹1.7t₹637.8b₹112.2b27x15.4x2.7x
Tue, 30 Sep 2025₹1.6t₹627.3b₹116.8b24.7x13.8x2.6x
Thu, 28 Aug 2025₹1.6t₹627.3b₹116.8b29.7x13.5x2.5x
Sat, 26 Jul 2025₹1.8t₹620.6b₹119.9b32.8x15x2.9x
Mon, 23 Jun 2025₹1.8t₹615.4b₹121.0b29x15.1x3x
Wed, 21 May 2025₹1.8t₹620.4b₹122.8b25.6x14.4x2.8x
Fri, 18 Apr 2025₹1.7t₹608.7b₹117.6b30.3x14.7x2.8x
Sun, 16 Mar 2025₹1.5t₹608.7b₹117.6b25.3x12.8x2.5x
Tue, 11 Feb 2025₹1.6t₹608.0b₹117.5b38.2x14x2.7x
Thu, 09 Jan 2025₹1.7t₹600.9b₹91.4b43.7x18.2x2.8x
Sat, 07 Dec 2024₹1.8t₹600.9b₹91.4b46.5x19.9x3x
Mon, 04 Nov 2024₹1.7t₹600.6b₹91.4b52.6x19.2x2.9x
Wed, 02 Oct 2024₹2.0t₹586.1b₹81.9b58.3x24.6x3.4x
Fri, 30 Aug 2024₹2.1t₹586.1b₹81.9b58.3x26.2x3.7x
Sun, 28 Jul 2024₹2.1t₹581.7b₹76.0b47.7x27.4x3.6x
Tue, 25 Jun 2024₹1.9t₹571.0b₹76.0b44x25.6x3.4x
Thu, 23 May 2024₹1.7t₹571.0b₹76.0b45x22.7x3x
Sat, 20 Apr 2024₹1.7t₹565.5b₹71.0b45.3x24.2x3x
Mon, 18 Mar 2024₹1.5t₹554.3b₹71.0b46x20.7x2.7x
Wed, 14 Feb 2024₹1.3t₹553.5b₹71.0b48.1x18.7x2.4x
Fri, 12 Jan 2024₹1.3t₹536.3b₹51.8b48x25.4x2.5x
Sun, 10 Dec 2023₹1.2t₹536.3b₹51.8b35.7x23x2.2x
Tue, 07 Nov 2023₹1.2t₹535.6b₹51.9b25.5x22.5x2.2x
Thu, 05 Oct 2023₹1.3t₹538.1b₹50.7b28.3x24.7x2.3x
Sat, 02 Sep 2023₹1.2t₹538.1b₹50.7b27.7x23.7x2.2x
Mon, 31 Jul 2023₹1.1t₹538.1b₹50.7b26.4x22x2.1x
Wed, 28 Jun 2023₹1.0t₹531.3b₹43.3b24.2x23.5x1.9x
Fri, 26 May 2023₹873.3b₹531.1b₹43.3b20x20.2x1.6x
Sun, 23 Apr 2023₹849.2b₹529.4b₹47.3b19.7x17.9x1.6x
Tue, 21 Mar 2023₹867.5b₹526.4b₹47.7b18.3x18.2x1.6x
Price to Earnings Ratio

18.2x


Total Market Cap: ₹867.5bTotal Earnings: ₹47.7bTotal Revenue: ₹526.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Telecom Services and Carriers Industry Price to Earnings3Y Average 19.7x202420252026
Current Industry PE
  • Investors are relatively neutral on the Indian Telecom 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 19.7x.
  • The industry is trading close to its 3-year average PS ratio of 2.7x.
Past Earnings Growth
  • The earnings for companies in the Telecom industry have grown 24% per year over the last three years.
  • Revenues for these companies have grown 7.5% 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-4.42%
Telecom-4.06%
Telecom Services and Carriers-5.06%
Alternative Carriers-4.43%
Integrated Telecom Services-5.09%
Industry PE
  • Investors are most optimistic about the Alternative Carriers industry even though it's trading below its 3-year average PE ratio of 41.4x.
    • Analysts are expecting annual earnings growth of 17.7%, which is lower than the prior year's growth of 20.5% per year.
  • Investors are most pessimistic about the Integrated Telecom Services industry, which is trading close to its 3-year average of 19.0x.
Forecasted Growth
  • Analysts are most optimistic on the Alternative Carriers industry, expecting annual earnings growth of 18% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • In contrast, the Integrated Telecom Services industry is expected to see its earnings grow by 13% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
HFCL HFCL₹71.973.3%
+₹3.6b
-7.2%PE212.6x
KDL Kore Digital₹125.154.2%
+₹60.7m
-59.0%PE3.1x

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