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Indian (NIFTY) Integrated Telecom Services Industry Analysis

UpdatedDec 20, 2025
DataAggregated Company Financials
Companies6
  • 7D0.09%
  • 3M11.3%
  • 1Y10.1%
  • YTDn/a

In the last week, the Integrated Telecom Services industry is flat overall, with HFCL standing out by going down 3.7%. The past year has been better, since the industry has gained 10% in that time. Looking forward, earnings are forecast to grow by 8.3% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 20 Dec 2025₹1.7t₹603.2b₹109.3b15.8x15.7x2.8x
Mon, 17 Nov 2025₹1.7t₹601.3b₹109.1b16.7x16x2.9x
Wed, 15 Oct 2025₹1.5t₹590.7b₹113.6b19.8x13.6x2.6x
Fri, 12 Sep 2025₹1.5t₹590.7b₹113.6b20.1x13.2x2.5x
Sun, 10 Aug 2025₹1.5t₹589.6b₹113.5b15.8x12.9x2.5x
Tue, 08 Jul 2025₹1.7t₹582.0b₹118.1b20.7x14.7x3x
Thu, 05 Jun 2025₹1.7t₹580.4b₹117.9b23.8x14.1x2.9x
Sat, 03 May 2025₹1.6t₹585.6b₹119.8b24.6x13.3x2.7x
Mon, 31 Mar 2025₹1.5t₹578.7b₹114.9b27x12.7x2.5x
Wed, 26 Feb 2025₹1.4t₹578.7b₹114.9b21.1x12.3x2.4x
Fri, 24 Jan 2025₹1.6t₹574.0b₹90.2b37.1x17.7x2.8x
Sun, 22 Dec 2024₹1.6t₹571.8b₹88.8b43.3x17.6x2.7x
Tue, 19 Nov 2024₹1.6t₹571.8b₹88.8b48.8x17.5x2.7x
Thu, 17 Oct 2024₹1.8t₹558.6b₹79.4b55.6x22.6x3.2x
Sat, 14 Sep 2024₹2.0t₹558.6b₹79.4b63.9x24.7x3.5x
Mon, 12 Aug 2024₹1.9t₹558.2b₹79.3b54.1x23.5x3.3x
Wed, 10 Jul 2024₹1.8t₹544.5b₹73.6b47.5x23.9x3.2x
Fri, 07 Jun 2024₹1.6t₹544.5b₹73.6b30.2x21.3x2.9x
Sun, 05 May 2024₹1.6t₹544.6b₹73.4b44x21.6x2.9x
Tue, 02 Apr 2024₹1.6t₹529.0b₹68.6b46.7x23x3x
Thu, 29 Feb 2024₹1.4t₹529.0b₹68.6b53.4x19.9x2.6x
Sat, 27 Jan 2024₹1.3t₹529.8b₹68.7b49.5x18.3x2.4x
Mon, 25 Dec 2023₹1.1t₹513.9b₹49.7b32.9x22.5x2.2x
Wed, 22 Nov 2023₹1.1t₹513.6b₹49.7b31.6x22x2.1x
Fri, 20 Oct 2023₹1.1t₹517.0b₹48.7b32.8x23.1x2.2x
Sun, 17 Sep 2023₹1.2t₹517.0b₹48.7b32.8x23.9x2.2x
Tue, 15 Aug 2023₹1.0t₹517.0b₹48.7b29.5x21.4x2x
Thu, 13 Jul 2023₹992.2b₹511.2b₹41.4b29.6x24x1.9x
Sat, 10 Jun 2023₹940.5b₹511.0b₹41.4b27.7x22.7x1.8x
Mon, 08 May 2023₹853.9b₹508.1b₹41.3b25.6x20.7x1.7x
Wed, 05 Apr 2023₹828.3b₹508.7b₹46.0b24x18x1.6x
Fri, 03 Mar 2023₹892.8b₹508.7b₹46.0b24.7x19.4x1.8x
Sun, 29 Jan 2023₹822.2b₹507.7b₹46.0b19.5x17.9x1.6x
Tue, 27 Dec 2022₹948.5b₹507.2b₹68.6b19.3x13.8x1.9x
Price to Earnings Ratio

13.8x


Total Market Cap: ₹948.5bTotal Earnings: ₹68.6bTotal Revenue: ₹507.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Integrated Telecom Services Industry Price to Earnings3Y Average 18.9x202320242025
Current Industry PE
  • Investors are pessimistic on the Indian Integrated Telecommunication Services 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 15.7x which is lower than its 3-year average PE of 18.9x.
  • The 3-year average PS ratio of 2.5x is lower than the industry's current PS ratio of 2.8x.
Past Earnings Growth
  • The earnings for companies in the Integrated Telecommunication Services industry have grown 17% per year over the last three years.
  • Revenues for these companies have grown 5.9% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Comparison

How does Indian Integrated Telecom Services compare with similar industries?

IN Market-0.11%
Telecom0.67%
Telecom Services and Carriers0.15%
Integrated Telecom Services0.086%
Alternative Carriers1.24%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
TATACOMM Tata Communications₹1.82k1.4%
+₹7.3b		6.7%PE36.3x
532371 Tata Teleservices (Maharashtra)₹49.811.5%
+₹1.5b		-36.1%PS8x
KDL Kore Digital₹182.4024.6%
+₹432.9m		-68.7%PE4.5x
SARTELE SAR Televenture₹224.701.9%
+₹200.2m		-16.9%PE15.8x
543622 Steelman Telecom₹109.7510.9%
+₹104.5m		-34.5%PS0.4x

Latest News

KDL
₹182.40
Kore Digital
7D
24.6%
1Y
-68.7%
TATACOMM
₹1,824.70
Tata Communications
7D
1.4%
1Y
6.7%

TATACOMM: Expanding AI-Powered Customer Engagement Will Drive Long-Term Upside

Analysts have modestly raised their price target on Tata Communications to ₹2,073.70. This reflects slightly higher long term profitability expectations and a marginal uptick in assumed valuation multiples, despite only minor adjustments to growth and discount rate assumptions.
INDUSTOWER
₹414.05
Indus Towers
7D
-0.3%
1Y
22.8%

INDUSTOWER: Future Overseas Expansion And Stable Margins Will Guide Measured Outlook

Narrative Update on Indus Towers Analysts have modestly increased their price target for Indus Towers to Rs 422.91, reflecting slightly higher projected profit margins and a marginal uptick in long term earnings expectations, despite a small rise in the assumed discount rate. What's in the News Board approves incorporation of a wholly owned subsidiary in the United Arab Emirates to explore telecom infrastructure investments in African markets, initially targeting Nigeria, Uganda and Zambia (company filing) Indus Towers plans an initial investment of up to INR 200 million in the proposed UAE subsidiary, to be made in one or more tranches via cash consideration, with 100 percent shareholding retained (company filing) Board meeting scheduled for October 10, 2025, to formally consider incorporation of the UAE subsidiary and related strategic matters (company notice) Board meeting set for October 27, 2025, to review and approve audited standalone and consolidated financial results for Q2 and the half year ended September 30, 2025 (company notice) Special shareholders meeting to be conducted via postal ballot on November 16, 2025, to vote on the reappointment of Mr. Sharad Bhansali as an independent director (company notice) Valuation Changes Fair Value: Unchanged at ₹422.91 per share, indicating no revision to the intrinsic value estimate.
HFCL
₹64.12
HFCL
7D
-3.7%
1Y
-43.4%

Capital Allocation Trends At HFCL (NSE:HFCL) Aren't Ideal

Dec 09
Capital Allocation Trends At HFCL (NSE:HFCL) Aren't Ideal
SARTELE
₹224.70
SAR Televenture
7D
1.9%
1Y
-16.9%
GTLINFRA
₹1.19
GTL Infrastructure
7D
-6.3%
1Y
-42.0%
543622
₹109.75
Steelman Telecom
7D
10.9%
1Y
-34.5%
500108
₹36.02
Mahanagar Telephone Nigam
7D
-2.2%
1Y
-31.4%
532371
₹49.81
Tata Teleservices (Maharashtra)
7D
1.5%
1Y
-36.1%
511116
₹0.34
Quadrant Televentures
7D
-2.9%
1Y
-79.5%