Narrative Update • Jul 28
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- 7D-1.7%
- 3M5.7%
- 1Y13.5%
- YTD1.1%
Over the last 7 days, the Telecom Services and Carriers industry has dropped 1.7%, driven by HFCL declining 11%. This takes the industry's 12 month performance to a gain of 13%. As for the next few years, earnings are expected to grow by 17% per annum.
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 |
|---|---|---|---|---|---|---|
| Fri, 31 Jul 2026 | ₹1.9t | ₹697.3b | ₹91.2b | 20.9x | 21.1x | 2.8x |
| Sun, 28 Jun 2026 | ₹2.0t | ₹676.9b | ₹89.5b | 21.8x | 22.8x | 3x |
| Tue, 26 May 2026 | ₹2.1t | ₹677.5b | ₹89.6b | 23.3x | 23.1x | 3.1x |
| Thu, 23 Apr 2026 | ₹1.8t | ₹654.2b | ₹91.5b | 21.6x | 19.5x | 2.7x |
| Sat, 21 Mar 2026 | ₹1.8t | ₹654.2b | ₹91.5b | 21.1x | 19.2x | 2.7x |
| Mon, 16 Feb 2026 | ₹1.9t | ₹654.2b | ₹91.5b | 23.9x | 21.1x | 2.9x |
| Wed, 14 Jan 2026 | ₹1.8t | ₹640.9b | ₹112.5b | 25.5x | 16.4x | 2.9x |
| Fri, 12 Dec 2025 | ₹1.8t | ₹640.9b | ₹112.5b | 24.4x | 16x | 2.8x |
| Sun, 09 Nov 2025 | ₹1.8t | ₹638.9b | ₹112.2b | 26.1x | 16.2x | 2.8x |
| Tue, 07 Oct 2025 | ₹1.6t | ₹627.3b | ₹116.8b | 24.3x | 14.1x | 2.6x |
| Thu, 04 Sep 2025 | ₹1.5t | ₹627.3b | ₹116.8b | 22.4x | 13.1x | 2.4x |
| Sat, 02 Aug 2025 | ₹1.6t | ₹626.3b | ₹116.7b | 31.7x | 14x | 2.6x |
| Mon, 30 Jun 2025 | ₹1.9t | ₹616.1b | ₹121.0b | 29.4x | 15.4x | 3x |
| Wed, 28 May 2025 | ₹1.8t | ₹615.8b | ₹120.9b | 27.5x | 14.7x | 2.9x |
| Fri, 25 Apr 2025 | ₹1.8t | ₹610.3b | ₹123.2b | 27.4x | 14.4x | 2.9x |
| Sun, 23 Mar 2025 | ₹1.6t | ₹608.7b | ₹117.6b | 28.1x | 13.7x | 2.6x |
| Tue, 18 Feb 2025 | ₹1.6t | ₹608.7b | ₹117.6b | 28.3x | 13.3x | 2.6x |
| Thu, 16 Jan 2025 | ₹1.7t | ₹600.9b | ₹91.4b | 38.9x | 18.4x | 2.8x |
| Sat, 14 Dec 2024 | ₹1.8t | ₹600.9b | ₹91.4b | 45.2x | 19.6x | 3x |
| Mon, 11 Nov 2024 | ₹1.7t | ₹600.6b | ₹91.4b | 52x | 18.6x | 2.8x |
| Wed, 09 Oct 2024 | ₹1.9t | ₹586.1b | ₹81.9b | 54.2x | 23.3x | 3.3x |
| Fri, 06 Sep 2024 | ₹2.2t | ₹586.1b | ₹81.9b | 61.1x | 26.4x | 3.7x |
| Sun, 04 Aug 2024 | ₹2.1t | ₹585.6b | ₹81.9b | 53.3x | 25.2x | 3.5x |
| Tue, 02 Jul 2024 | ₹1.9t | ₹571.0b | ₹76.0b | 50.1x | 25.1x | 3.3x |
| Thu, 30 May 2024 | ₹1.7t | ₹571.0b | ₹76.0b | 45.6x | 22.6x | 3x |
| Sat, 27 Apr 2024 | ₹1.7t | ₹565.5b | ₹71.0b | 47.4x | 24.4x | 3.1x |
| Mon, 25 Mar 2024 | ₹1.5t | ₹554.3b | ₹71.0b | 45.5x | 21.6x | 2.8x |
| Wed, 21 Feb 2024 | ₹1.4t | ₹554.3b | ₹71.0b | 53.3x | 19.9x | 2.5x |
| Fri, 19 Jan 2024 | ₹1.3t | ₹536.3b | ₹51.8b | 50.3x | 25.7x | 2.5x |
| Sun, 17 Dec 2023 | ₹1.3t | ₹536.3b | ₹51.8b | 34.7x | 24.2x | 2.3x |
| Tue, 14 Nov 2023 | ₹1.2t | ₹535.9b | ₹51.9b | 30.8x | 22.6x | 2.2x |
| Thu, 12 Oct 2023 | ₹1.2t | ₹538.1b | ₹50.7b | 27.8x | 24x | 2.3x |
| Sat, 09 Sep 2023 | ₹1.2t | ₹538.1b | ₹50.7b | 28.1x | 24.3x | 2.3x |
| Mon, 07 Aug 2023 | ₹1.1t | ₹538.1b | ₹50.7b | 27.6x | 21.6x | 2x |
Price to Earnings Ratio
21.6x
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 2.8x.
Past Earnings Growth
- The earnings for companies in the Telecom industry have grown 22% per year over the last three years.
- Revenues for these companies have grown 9.0% 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 | 1.18% | |
| Telecom | 1.48% | |
| Telecom Services and Carriers | -1.68% | |
| Alternative Carriers | 2.35% | |
| Integrated Telecom Services | -1.88% | |
Industry PE
- Investors are most optimistic about the Alternative Carriers industry even though it's trading below its 3-year average PE ratio of 42.4x.
- Analysts expect its future annual earnings growth (15.8%) to be largely in line with prior year's earnings growth.
- Investors are most pessimistic about the Integrated Telecom Services industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 19.0x.
Forecasted Growth
- Analysts are most optimistic on the Integrated Telecom Services industry, expecting annual earnings growth of 17% over the next 5 years.
- This is better than its past earnings growth rate of 13% per year.
- In contrast, the Alternative Carriers industry is expected to see its earnings grow by 16% 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 | |
|---|---|---|---|---|---|
| 532371 Tata Teleservices (Maharashtra) | ₹39.94 | 1.6% +₹1.2b | -32.2% | PE208x | |
| SARTELE SAR Televenture | ₹121.05 | 3.5% +₹190.8m | -43.4% | PE7.9x | |
| GTLINFRA GTL Infrastructure | ₹1.23 | 0.8% +₹128.1m | -19.1% | PE2x | |
| VIVO Vivo Collaboration Solutions | ₹89.50 | 15.7% +₹24.5m | n/a | PS5.5x | |
| 500108 Mahanagar Telephone Nigam | ₹27.05 | 0.04% +₹6.3m | -40.8% | PS1.8x |
