Indian (NIFTY) Telecom Services and Carriers Industry Analysis

UpdatedApr 01, 2026

DataAggregated Company Financials

Companies8

7D-3.2%
3M-9.9%
1Y3.7%
YTD-11.9%

Last week, the Telecom Services and Carriers industry hasn't moved much but Steelman Telecom is up 15% in that time. The past year has been better, since the industry has gained 7.1% in that time. Looking forward, 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?

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Wed, 01 Apr 2026	₹1.7t	₹654.2b	₹91.5b	20.1x	18.3x	2.6x
Fri, 27 Feb 2026	₹1.9t	₹654.2b	₹91.5b	23.9x	20.9x	2.9x
Sun, 25 Jan 2026	₹1.7t	₹644.8b	₹113.6b	22.2x	15.4x	2.7x
Tue, 23 Dec 2025	₹1.8t	₹640.9b	₹112.5b	25x	16.1x	2.8x
Thu, 20 Nov 2025	₹1.8t	₹640.3b	₹112.5b	24x	16.3x	2.9x
Sat, 18 Oct 2025	₹1.7t	₹631.1b	₹116.1b	28x	14.6x	2.7x
Mon, 15 Sep 2025	₹1.7t	₹627.4b	₹116.8b	25.7x	14.2x	2.6x
Wed, 13 Aug 2025	₹1.6t	₹626.3b	₹116.7b	30.9x	13.6x	2.5x
Fri, 11 Jul 2025	₹1.8t	₹616.9b	₹121.1b	30.7x	15.3x	3x
Sun, 08 Jun 2025	₹1.8t	₹615.4b	₹121.0b	30x	15.1x	3x
Tue, 06 May 2025	₹1.7t	₹621.2b	₹122.8b	25.9x	14x	2.8x
Thu, 03 Apr 2025	₹1.6t	₹608.7b	₹117.6b	29.7x	14x	2.7x
Sat, 01 Mar 2025	₹1.5t	₹608.7b	₹117.6b	25.8x	12.4x	2.4x
Mon, 27 Jan 2025	₹1.7t	₹606.6b	₹117.4b	36.7x	14.6x	2.8x
Wed, 25 Dec 2024	₹1.7t	₹600.9b	₹91.4b	44x	18.4x	2.8x
Fri, 22 Nov 2024	₹1.7t	₹601.7b	₹91.4b	46.8x	18.4x	2.8x
Sun, 20 Oct 2024	₹1.9t	₹595.0b	₹82.0b	54.2x	23.1x	3.2x
Tue, 17 Sep 2024	₹2.1t	₹586.1b	₹81.9b	61.1x	25.7x	3.6x
Thu, 15 Aug 2024	₹2.0t	₹585.6b	₹81.9b	55.2x	24x	3.4x
Sat, 13 Jul 2024	₹2.0t	₹571.0b	₹76.0b	47.3x	25.8x	3.4x
Mon, 10 Jun 2024	₹1.7t	₹571.0b	₹76.0b	30x	22.7x	3x
Wed, 08 May 2024	₹1.7t	₹570.2b	₹75.9b	47.6x	22x	2.9x
Fri, 05 Apr 2024	₹1.7t	₹554.3b	₹71.0b	45.3x	23.7x	3x
Sun, 03 Mar 2024	₹1.6t	₹554.3b	₹71.0b	53.5x	22x	2.8x
Tue, 30 Jan 2024	₹1.4t	₹554.2b	₹71.2b	50.2x	19.8x	2.5x
Thu, 28 Dec 2023	₹1.2t	₹536.3b	₹51.8b	37.3x	23.5x	2.3x
Sat, 25 Nov 2023	₹1.2t	₹535.9b	₹51.8b	37.2x	22.9x	2.2x
Mon, 23 Oct 2023	₹1.2t	₹542.1b	₹47.5b	34.5x	24.4x	2.1x
Wed, 20 Sep 2023	₹1.2t	₹538.1b	₹50.7b	28.7x	24x	2.3x
Fri, 18 Aug 2023	₹1.1t	₹538.1b	₹50.7b	28.2x	21.1x	2x
Sun, 16 Jul 2023	₹1.0t	₹531.3b	₹43.3b	27.6x	24x	2x
Tue, 13 Jun 2023	₹1.0t	₹531.2b	₹43.3b	23.5x	23.1x	1.9x
Thu, 11 May 2023	₹908.3b	₹528.8b	₹43.1b	20.3x	21.1x	1.7x
Sat, 08 Apr 2023	₹862.2b	₹526.4b	₹47.7b	19.6x	18.1x	1.6x

Price to Earnings Ratio

18.1x

Sat, 08 Apr 2023

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	-2.63%
Telecom	-1.58%
Telecom Services and Carriers	-3.18%
Integrated Telecom Services	-3.03%
Alternative Carriers	-6.05%

Industry PE

Investors are most optimistic about the Alternative Carriers industry even though it's trading below its 3-year average PE ratio of 41.5x.

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.