Indian (NIFTY) Telecom Services and Carriers Industry Analysis
UpdatedOct 30, 2023
DataAggregated Company Financials
Companies8
- 7D-7.0%
- 3M-3.8%
- 1Y6.9%
- YTD3.9%
Over the last 7 days, the Telecom Services and Carriers industry has dropped 7.0%, driven by a pullback from Indus Towers of 4.5%. Over the past 12 months, the industry was up 6.9%. Looking forward, earnings are forecast to grow by 20% 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 |
|---|---|---|---|---|---|---|
| Mon, 30 Oct 2023 | ₹1.1t | ₹535.6b | ₹51.8b | 31.1x | 20.8x | 2x |
| Wed, 27 Sep 2023 | ₹1.2t | ₹538.1b | ₹50.7b | 27.8x | 24.1x | 2.3x |
| Fri, 25 Aug 2023 | ₹1.1t | ₹538.1b | ₹50.7b | 24.1x | 22x | 2.1x |
| Sun, 23 Jul 2023 | ₹1.1t | ₹535.9b | ₹41.7b | 28.7x | 25.2x | 2x |
| Tue, 20 Jun 2023 | ₹1.0t | ₹531.3b | ₹43.3b | 26.2x | 23.7x | 1.9x |
| Thu, 18 May 2023 | ₹892.2b | ₹528.8b | ₹43.1b | 20x | 20.7x | 1.7x |
| Sat, 15 Apr 2023 | ₹854.4b | ₹526.4b | ₹47.7b | 19.7x | 17.9x | 1.6x |
| Mon, 13 Mar 2023 | ₹890.5b | ₹526.4b | ₹47.7b | 18.7x | 18.7x | 1.7x |
| Wed, 08 Feb 2023 | ₹913.2b | ₹525.3b | ₹47.7b | 19.2x | 19.2x | 1.7x |
| Fri, 06 Jan 2023 | ₹1.0t | ₹524.4b | ₹70.7b | 20.5x | 14.5x | 2x |
| Sun, 04 Dec 2022 | ₹1.1t | ₹524.4b | ₹70.7b | 20.5x | 15.3x | 2.1x |
| Tue, 01 Nov 2022 | ₹1.0t | ₹523.7b | ₹70.8b | 17.5x | 14.3x | 1.9x |
| Thu, 29 Sep 2022 | ₹945.6b | ₹509.7b | ₹76.6b | 15.4x | 12.3x | 1.9x |
| Sat, 27 Aug 2022 | ₹1.0t | ₹509.7b | ₹76.6b | 14.5x | 13.1x | 2x |
| Mon, 25 Jul 2022 | ₹1.0t | ₹462.1b | ₹85.9b | 14.9x | 12x | 2.2x |
| Wed, 22 Jun 2022 | ₹918.8b | ₹507.3b | ₹83.8b | 13.9x | 11x | 1.8x |
| Fri, 20 May 2022 | ₹918.5b | ₹507.0b | ₹83.5b | 16.8x | 11x | 1.8x |
| Sun, 17 Apr 2022 | ₹730.7b | ₹335.6b | ₹64.3b | 16.1x | 11.4x | 2.2x |
| Tue, 15 Mar 2022 | ₹708.4b | ₹335.6b | ₹64.3b | 12.9x | 11x | 2.1x |
| Thu, 10 Feb 2022 | ₹826.8b | ₹335.5b | ₹64.3b | 17.6x | 12.9x | 2.5x |
| Sat, 08 Jan 2022 | ₹860.8b | ₹307.3b | ₹58.4b | 20.7x | 14.7x | 2.8x |
| Mon, 06 Dec 2021 | ₹886.5b | ₹307.3b | ₹58.4b | 20.6x | 15.2x | 2.9x |
| Wed, 03 Nov 2021 | ₹902.4b | ₹306.5b | ₹58.0b | n/a | 15.6x | 2.9x |
| Fri, 01 Oct 2021 | ₹965.4b | ₹254.8b | ₹49.4b | 28x | 19.5x | 3.8x |
| Sun, 29 Aug 2021 | ₹711.0b | ₹254.9b | ₹49.4b | 27.2x | 14.4x | 2.8x |
| Mon, 05 Jul 2021 | ₹775.2b | ₹254.9b | ₹49.4b | 28.4x | 15.7x | 3x |
| Thu, 08 Apr 2021 | ₹733.3b | ₹197.7b | ₹41.6b | 21x | 17.6x | 3.7x |
| Sun, 10 Jan 2021 | ₹652.6b | ₹128.5b | ₹32.2b | 20.4x | 20.2x | 5.1x |
Price to Earnings Ratio
12.1x
Current Industry PE
- Investors are optimistic on the Indian Telecom industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 20.8x which is higher than its 3-year average PE of 16.9x.
- The 3-year average PS ratio of 2.8x is higher than the industry's current PS ratio of 2.0x.
Past Earnings Growth
- The earnings for companies in the Telecom industry have grown 20% per year over the last three years.
- Revenues for these companies have grown 75% 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 | -2.60% | |
| Telecom | -3.93% | |
| Telecom Services and Carriers | -6.98% | |
| Alternative Carriers | -4.66% | |
| Integrated Telecom Services | -7.14% | |
Industry PE
- Investors are most optimistic about the Alternative Carriers industry which is trading above its 3-year average PE ratio of 20.8x.
- Analysts are expecting annual earnings growth of 18.4%, which is higher than its past year's earnings decline of 10.7% per year.
- 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 16.7x.
Forecasted Growth
- Analysts are most optimistic on the Integrated Telecom Services industry, expecting annual earnings growth of 20% over the next 5 years.
- This is better than its past earnings decline of 28% per year.
- In contrast, the Alternative Carriers industry is expected to see its earnings grow by 18% 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 | |
|---|---|---|---|---|---|
| TATACOMM Tata Communications | ₹1.65k | 2.0% +₹9.3b | 30.9% | PE35.5x | |
| RAILTEL RailTel Corporation of India | ₹220.85 | 2.4% +₹1.7b | 89.7% | PE33x | |
| 532371 Tata Teleservices (Maharashtra) | ₹85.71 | 0.6% +₹957.9m | -15.8% | PS14.8x | |
| 500108 Mahanagar Telephone Nigam | ₹27.42 | 4.2% +₹693.0m | 31.5% | PS2x | |
| HFCL HFCL | ₹65.15 | 0.5% +₹428.6m | -21.2% | PE30.5x |