Indus Towers (NSE:INDUSTOWER) Could Easily Take On More Debt
Jul 09
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Indian (NIFTY) Telecom Services and Carriers Industry Analysis
UpdatedJul 14, 2025
DataAggregated Company Financials
Companies10
- 7D-4.0%
- 3M10.1%
- 1Y-6.5%
- YTD6.3%
Over the last 7 days, the Telecom Services and Carriers industry has dropped 4.0%, driven by a pullback from Indus Towers of 4.8%. Meanwhile, Virgo Global actually outperformed within the industry, gaining 8.6% in the last week. However, the industry is down 6.5% over the past year. Earnings are forecast to grow by 5.6% 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 |
|---|---|---|---|---|---|---|
| Mon, 14 Jul 2025 | ₹1.8t | ₹616.9b | ₹121.1b | 30x | 15.2x | 3x |
| Wed, 11 Jun 2025 | ₹1.8t | ₹615.4b | ₹121.0b | 30.4x | 15.3x | 3x |
| Fri, 09 May 2025 | ₹1.7t | ₹620.4b | ₹122.8b | 24.1x | 13.7x | 2.7x |
| Sun, 06 Apr 2025 | ₹1.6t | ₹608.7b | ₹117.6b | 28.8x | 13.9x | 2.7x |
| Tue, 04 Mar 2025 | ₹1.5t | ₹608.7b | ₹117.6b | 25.6x | 12.4x | 2.4x |
| Thu, 30 Jan 2025 | ₹1.6t | ₹607.6b | ₹117.5b | 36.9x | 13.9x | 2.7x |
| Sat, 28 Dec 2024 | ₹1.7t | ₹600.9b | ₹91.4b | 44.5x | 18.2x | 2.8x |
| Mon, 25 Nov 2024 | ₹1.7t | ₹600.9b | ₹91.4b | 46.6x | 18.4x | 2.8x |
| Wed, 23 Oct 2024 | ₹1.8t | ₹595.0b | ₹82.0b | 52.1x | 21.9x | 3x |
| Fri, 20 Sep 2024 | ₹2.0t | ₹586.1b | ₹81.9b | 58.5x | 24.2x | 3.4x |
| Sun, 18 Aug 2024 | ₹2.0t | ₹586.1b | ₹81.9b | 52.1x | 24.4x | 3.4x |
| Tue, 16 Jul 2024 | ₹2.0t | ₹571.0b | ₹76.0b | 46.7x | 25.8x | 3.4x |
| Thu, 13 Jun 2024 | ₹1.8t | ₹571.0b | ₹76.0b | 34.3x | 23.3x | 3.1x |
| Sat, 11 May 2024 | ₹1.6t | ₹570.2b | ₹75.9b | 42.1x | 21.7x | 2.9x |
| Mon, 08 Apr 2024 | ₹1.7t | ₹554.3b | ₹71.0b | 44.4x | 24.1x | 3.1x |
| Wed, 06 Mar 2024 | ₹1.6t | ₹554.3b | ₹71.0b | 53.3x | 22.2x | 2.8x |
| Fri, 02 Feb 2024 | ₹1.4t | ₹554.2b | ₹71.2b | 49.9x | 19.2x | 2.5x |
| Sun, 31 Dec 2023 | ₹1.3t | ₹536.3b | ₹51.8b | 38.2x | 24.6x | 2.4x |
| Tue, 28 Nov 2023 | ₹1.2t | ₹535.9b | ₹51.8b | 37.2x | 22.9x | 2.2x |
| Thu, 26 Oct 2023 | ₹1.1t | ₹542.1b | ₹47.5b | 31.7x | 22.8x | 2x |
| Sat, 23 Sep 2023 | ₹1.2t | ₹538.1b | ₹50.7b | 29x | 23.8x | 2.2x |
| Mon, 21 Aug 2023 | ₹1.1t | ₹538.1b | ₹50.7b | 22.3x | 20.9x | 2x |
| Wed, 19 Jul 2023 | ₹1.1t | ₹531.3b | ₹43.3b | 27.6x | 24.2x | 2x |
| Fri, 16 Jun 2023 | ₹1.0t | ₹531.3b | ₹43.3b | 27.6x | 24.1x | 2x |
| Sun, 14 May 2023 | ₹888.7b | ₹528.8b | ₹43.1b | 19.9x | 20.6x | 1.7x |
| Tue, 11 Apr 2023 | ₹862.2b | ₹526.4b | ₹47.7b | 19.6x | 18.1x | 1.6x |
| Thu, 09 Mar 2023 | ₹909.6b | ₹526.4b | ₹47.7b | 18.9x | 19.1x | 1.7x |
| Sat, 04 Feb 2023 | ₹866.8b | ₹525.3b | ₹47.7b | 19x | 18.2x | 1.7x |
| Mon, 02 Jan 2023 | ₹1.0t | ₹524.4b | ₹70.7b | 19.8x | 14.4x | 1.9x |
| Wed, 30 Nov 2022 | ₹1.1t | ₹524.4b | ₹70.7b | 19.8x | 15x | 2x |
| Fri, 28 Oct 2022 | ₹1.0t | ₹512.8b | ₹77.7b | 17.3x | 13x | 2x |
| Sun, 25 Sep 2022 | ₹988.2b | ₹509.7b | ₹76.6b | 15.9x | 12.9x | 1.9x |
| Tue, 23 Aug 2022 | ₹980.2b | ₹509.7b | ₹76.6b | 14.3x | 12.8x | 1.9x |
| Thu, 21 Jul 2022 | ₹1.0t | ₹507.3b | ₹83.8b | 14.9x | 12x | 2x |
Price to Earnings Ratio
12x
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 15.2x which is lower than its 3-year average PE of 19.4x.
- The 3-year average PS ratio of 2.5x is lower than the industry's current PS ratio of 3.0x.
Past Earnings Growth
- The earnings for companies in the Telecom industry have grown 13% per year over the last three years.
- Revenues for these companies have grown 6.7% 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 | -1.03% | |
| Telecom | -4.56% | |
| Telecom Services and Carriers | -4.05% | |
| Alternative Carriers | -1.81% | |
| Integrated Telecom Services | -4.22% | |
Industry PE
- Investors are most optimistic about the Alternative Carriers industry which is trading above its 3-year average PE ratio of 37.4x.
- Analysts are expecting annual earnings growth of 17.9%, which is higher than its past year's earnings decline of 38.4% per year.
- Investors are most pessimistic about the Integrated Telecom Services industry, which is trading below its 3-year average of 18.8x.
Forecasted Growth
- Analysts are most optimistic on the Alternative Carriers industry, expecting annual earnings growth of 18% over the next 5 years.
- This is better than its past earnings decline of 38% per year.
- In contrast, the Integrated Telecom Services industry is expected to see its earnings grow by 4.6% 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 | |
|---|---|---|---|---|---|
| 500108 Mahanagar Telephone Nigam | ₹52.12 | 4.9% +₹1.5b | 6.4% | PS4.7x | |
| 532354 Virgo Global | ₹6.20 | 3.3% +₹2.1m | -31.1% | PE1973.5x |
