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Indian (NIFTY) Telecom Services and Carriers Industry Analysis
UpdatedJun 17, 2025
DataAggregated Company Financials
Companies10
- 7D-2.3%
- 3M16.8%
- 1Y2.5%
- YTD4.9%
Over the last 7 days, the Telecom Services and Carriers industry has dropped 2.4%, and Indus Towers contributed the most with a 1.2% decline. On the other hand GTL Infrastructure is actually up 22%. As for the longer term, the industry's performance has been flat for the past year. Looking forward, earnings are forecast to grow by 5.3% 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 |
|---|---|---|---|---|---|---|
| Tue, 17 Jun 2025 | ₹1.8t | ₹615.4b | ₹121.0b | 30x | 15x | 3x |
| Thu, 15 May 2025 | ₹1.8t | ₹620.4b | ₹122.8b | 25.8x | 14.5x | 2.9x |
| Sat, 12 Apr 2025 | ₹1.7t | ₹608.7b | ₹117.6b | 27.3x | 14x | 2.7x |
| Mon, 10 Mar 2025 | ₹1.5t | ₹608.7b | ₹117.6b | 26.5x | 12.7x | 2.4x |
| Wed, 05 Feb 2025 | ₹1.7t | ₹608.0b | ₹117.5b | 34.2x | 14.2x | 2.7x |
| Fri, 03 Jan 2025 | ₹1.7t | ₹600.9b | ₹91.4b | 43.6x | 18.9x | 2.9x |
| Sun, 01 Dec 2024 | ₹1.8t | ₹600.9b | ₹91.4b | 46.9x | 19.2x | 2.9x |
| Tue, 29 Oct 2024 | ₹1.7t | ₹598.1b | ₹91.3b | 50.2x | 19.1x | 2.9x |
| Thu, 26 Sep 2024 | ₹2.0t | ₹586.1b | ₹81.9b | 59.5x | 24.9x | 3.5x |
| Sat, 24 Aug 2024 | ₹2.1t | ₹586.1b | ₹81.9b | 58.6x | 25.8x | 3.6x |
| Mon, 22 Jul 2024 | ₹2.0t | ₹579.7b | ₹75.5b | 48.7x | 25.9x | 3.4x |
| Wed, 19 Jun 2024 | ₹1.8t | ₹571.0b | ₹76.0b | 41.5x | 23.5x | 3.1x |
| Fri, 17 May 2024 | ₹1.7t | ₹570.2b | ₹75.9b | 48.1x | 22.5x | 3x |
| Sun, 14 Apr 2024 | ₹1.7t | ₹554.3b | ₹71.0b | 43.2x | 24.1x | 3.1x |
| Tue, 12 Mar 2024 | ₹1.5t | ₹554.3b | ₹71.0b | 48.6x | 21.2x | 2.7x |
| Thu, 08 Feb 2024 | ₹1.4t | ₹553.5b | ₹71.0b | 53x | 19.6x | 2.5x |
| Sat, 06 Jan 2024 | ₹1.4t | ₹536.3b | ₹51.8b | 43x | 26.1x | 2.5x |
| Mon, 04 Dec 2023 | ₹1.2t | ₹536.3b | ₹51.8b | 34.9x | 22.6x | 2.2x |
| Wed, 01 Nov 2023 | ₹1.1t | ₹535.6b | ₹51.9b | 25x | 21.3x | 2.1x |
| Fri, 29 Sep 2023 | ₹1.2t | ₹538.1b | ₹50.7b | 28.4x | 24.4x | 2.3x |
| Sun, 27 Aug 2023 | ₹1.1t | ₹538.1b | ₹50.7b | 25x | 22.2x | 2.1x |
| Tue, 25 Jul 2023 | ₹1.1t | ₹535.9b | ₹41.7b | 28.4x | 25.5x | 2x |
| Thu, 22 Jun 2023 | ₹1.0t | ₹531.3b | ₹43.3b | 25.1x | 24.2x | 2x |
| Sat, 20 May 2023 | ₹870.9b | ₹531.1b | ₹43.3b | 19.6x | 20.1x | 1.6x |
| Mon, 17 Apr 2023 | ₹854.4b | ₹526.4b | ₹47.7b | 19.7x | 17.9x | 1.6x |
| Wed, 15 Mar 2023 | ₹867.8b | ₹526.4b | ₹47.7b | 18.3x | 18.2x | 1.6x |
| Fri, 10 Feb 2023 | ₹913.7b | ₹525.3b | ₹47.7b | 19.2x | 19.2x | 1.7x |
| Sun, 08 Jan 2023 | ₹1.0t | ₹524.4b | ₹70.7b | 20.1x | 14.5x | 2x |
| Tue, 06 Dec 2022 | ₹1.1t | ₹524.4b | ₹70.7b | 20.5x | 15.3x | 2.1x |
| Thu, 03 Nov 2022 | ₹1.0t | ₹523.7b | ₹70.8b | 17.9x | 14.3x | 1.9x |
| Sat, 01 Oct 2022 | ₹993.8b | ₹509.7b | ₹76.6b | 15.5x | 13x | 1.9x |
| Mon, 29 Aug 2022 | ₹1.0t | ₹509.7b | ₹76.6b | 14.5x | 13.1x | 2x |
| Wed, 27 Jul 2022 | ₹1.0t | ₹507.8b | ₹85.9b | 14.5x | 11.8x | 2x |
| Fri, 24 Jun 2022 | ₹930.7b | ₹507.3b | ₹83.8b | 13.9x | 11.1x | 1.8x |
Price to Earnings Ratio
11.1x
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 14.8x which is lower than its 3-year average PE of 19.3x.
- The 3-year average PS ratio of 2.4x is lower than the industry's current PS ratio of 2.9x.
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 6.6% 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 | -1.05% | |
| Telecom | -0.52% | |
| Telecom Services and Carriers | -2.25% | |
| Integrated Telecom Services | -1.97% | |
| Alternative Carriers | -5.53% | |
Industry PE
- Investors are most optimistic about the Alternative Carriers industry which is trading above its 3-year average PE ratio of 36.6x.
- 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 18.7x.
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 4.1% 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 | |
|---|---|---|---|---|---|
| GTLINFRA GTL Infrastructure | ₹1.86 | 22.4% +₹4.4b | -13.1% | PS1.8x | |
| 500108 Mahanagar Telephone Nigam | ₹51.43 | 3.8% +₹1.2b | 22.6% | PS4.6x | |
| 531126 Kati Patang Lifestyle | ₹29.40 | 10.3% +₹94.7m | n/a | n/a | |
| 511116 Quadrant Televentures | ₹0.44 | 15.8% +₹36.7m | -79.8% | PS0.1x | |
| 532354 Virgo Global | ₹5.15 | 5.1% +₹2.6m | -27.9% | PE1639.3x |
