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Indian (NIFTY) Integrated Telecom Services Industry Analysis

UpdatedSep 12, 2026
DataAggregated Company Financials
Companies6
  • 7D1.8%
  • 3M-2.7%
  • 1Y22.6%
  • YTDn/a

HFCL is up 5.9%, leading the way for the Integrated Telecom Services industry, which has gained 1.8%. This means that the industry has gained 25% over the past year. As for the next few years, earnings are expected to grow by 17% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 12 Sep 2026₹1.9t₹654.5b₹87.8b14.3x21.5x2.9x
Mon, 10 Aug 2026₹1.8t₹654.5b₹87.8b14.2x21x2.8x
Wed, 08 Jul 2026₹1.9t₹634.1b₹86.0b14.1x22.2x3x
Fri, 05 Jun 2026₹2.0t₹634.7b₹86.1b15.9x23.3x3.2x
Sun, 03 May 2026₹1.7t₹620.7b₹83.4b15.2x20.6x2.8x
Tue, 31 Mar 2026₹1.6t₹615.0b₹88.4b15.5x18.1x2.6x
Thu, 26 Feb 2026₹1.8t₹615.0b₹88.4b17.1x20.4x2.9x
Sat, 24 Jan 2026₹1.6t₹607.1b₹110.4b15.6x14.9x2.7x
Mon, 22 Dec 2025₹1.7t₹603.2b₹109.3b15.8x15.7x2.8x
Wed, 19 Nov 2025₹1.7t₹602.6b₹109.3b12.2x15.7x2.8x
Fri, 17 Oct 2025₹1.6t₹594.4b₹112.9b19.1x14.1x2.7x
Sun, 14 Sep 2025₹1.5t₹590.7b₹113.6b20.8x13.5x2.6x
Tue, 12 Aug 2025₹1.5t₹589.6b₹113.5b16.1x13.1x2.5x
Thu, 10 Jul 2025₹1.7t₹582.0b₹118.1b20x14.6x3x
Sat, 07 Jun 2025₹1.7t₹580.4b₹117.9b24.1x14.3x2.9x
Mon, 05 May 2025₹1.6t₹585.6b₹119.8b24.6x13.3x2.7x
Wed, 02 Apr 2025₹1.5t₹578.7b₹114.9b27.9x13.2x2.6x
Fri, 28 Feb 2025₹1.4t₹578.7b₹114.9b21.2x12.4x2.5x
Sun, 26 Jan 2025₹1.6t₹577.5b₹114.8b35.4x13.9x2.8x
Tue, 24 Dec 2024₹1.6t₹571.8b₹88.8b42.2x17.5x2.7x
Thu, 21 Nov 2024₹1.6t₹571.8b₹88.8b49.4x17.7x2.7x
Sat, 19 Oct 2024₹1.8t₹567.6b₹79.4b55.5x22.1x3.1x
Mon, 16 Sep 2024₹2.0t₹558.6b₹79.4b63.9x24.7x3.5x
Wed, 14 Aug 2024₹1.8t₹558.2b₹79.3b52.8x23.1x3.3x
Fri, 12 Jul 2024₹1.8t₹544.5b₹73.6b48.8x24.3x3.3x
Sun, 09 Jun 2024₹1.6t₹544.5b₹73.6b30x21.8x2.9x
Tue, 07 May 2024₹1.6t₹543.6b₹73.4b42.9x21.6x2.9x
Thu, 04 Apr 2024₹1.5t₹529.0b₹68.6b47.6x22.5x2.9x
Sat, 02 Mar 2024₹1.4t₹529.0b₹68.6b53.5x20.7x2.7x
Mon, 29 Jan 2024₹1.3t₹529.8b₹68.7b49.5x18.3x2.4x
Wed, 27 Dec 2023₹1.1t₹513.9b₹49.7b31.9x22.6x2.2x
Fri, 24 Nov 2023₹1.1t₹513.6b₹49.7b31.3x22x2.1x
Sun, 22 Oct 2023₹1.1t₹521.4b₹45.5b36.9x23.8x2.1x
Tue, 19 Sep 2023₹1.1t₹517.0b₹48.7b33.1x23.6x2.2x
Price to Earnings Ratio

23.6x


Total Market Cap: ₹1.1tTotal Earnings: ₹48.7bTotal Revenue: ₹517.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Integrated Telecom Services Industry Price to Earnings3Y Average 18.9x202420252026
Current Industry PE
  • Investors are optimistic on the Indian Integrated Telecommunication Services industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 21.3x which is higher than its 3-year average PE of 18.9x.
  • The industry is trading close to its 3-year average PS ratio of 2.8x.
Past Earnings Growth
  • The earnings for companies in the Integrated Telecommunication Services industry have grown 22% per year over the last three years.
  • Revenues for these companies have grown 8.2% 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-1.39%
Telecom-0.39%
Telecom Services and Carriers1.57%
Integrated Telecom Services1.84%
Alternative Carriers-4.10%
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
INDUSTOWER Indus Towers₹388.003.0%
+₹29.5b		7.2%PE14.3x
HFCL HFCL₹233.691.0%
+₹3.4b		220.0%PE62.5x
TATACOMM Tata Communications₹1.76k0.3%
+₹1.6b		9.1%PE53.1x
511116 Quadrant Televentures₹0.6717.5%
+₹61.2m		52.3%PS0.2x
543622 Steelman Telecom₹72.005.9%
+₹38.7m		-43.5%PS0.3x

Latest News

HFCL
₹233.69
HFCL
7D
1.0%
1Y
220.0%
KDL
₹93.45
Kore Digital
7D
1.1%
1Y
-59.5%
500108
₹24.71
Mahanagar Telephone Nigam
7D
-7.0%
1Y
-43.8%
SARTELE
₹79.90
SAR Televenture
7D
-10.6%
1Y
-61.5%
511116
₹0.67
Quadrant Televentures
7D
17.5%
1Y
52.3%
543622
₹72.00
Steelman Telecom
7D
5.9%
1Y
-43.5%
TATACOMM
₹1,761.60
Tata Communications
7D
0.3%
1Y
9.1%
Narrative Update • Aug 20

TATACOMM: AI Collaboration And Dividend Will Offset Higher Future Multiple

Analysts have raised their price target on Tata Communications from ₹1,450 to ₹1,665, citing updated assumptions around discount rates, profit margins, revenue growth, and future P/E expectations. What’s in the News for Tata Communications Tata Communications entered a collaboration with Tata Tele Business Services to roll out a unified AI platform stack for India’s small and medium businesses, combining connectivity, cloud and managed services reach with Tata Communications’ Voice AI platform powered by Agentic AI.
532371
₹35.59
Tata Teleservices (Maharashtra)
7D
-5.7%
1Y
-37.7%
INDUSTOWER
₹388.00
Indus Towers
7D
3.0%
1Y
7.2%
Narrative Update • Aug 11

INDUSTOWER: Leadership Transitions And Slightly Firmer Margins Will Support Upbeat Outlook

Analysts have trimmed their price target on Indus Towers from ₹454.96 to ₹441.00, reflecting updated assumptions around slightly lower revenue growth, a modestly adjusted discount rate, and a small change in expected profit margin and future P/E. What's in the News for Indus Towers Board meeting scheduled on July 27, 2026 to consider and approve audited standalone and consolidated financial results for Q1 FY2026 ended June 30, 2026, along with other business matters.