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Indian (NIFTY) Professional Services Industry Analysis

UpdatedJan 13, 2026
DataAggregated Company Financials
Companies73
  • 7D-4.5%
  • 3M-0.3%
  • 1Y-16.4%
  • YTD-4.1%

Over the last 7 days, the Professional Services industry has dropped 4.1%, driven by Firstsource Solutions declining 7.5%. However, the industry is down 19% over the past year. Earnings are forecast to grow by 17% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 13 Jan 2026₹2.1t₹893.4b₹37.9b26.6x54.6x2.3x
Thu, 11 Dec 2025₹2.1t₹893.0b₹37.9b26.5x56.7x2.4x
Sat, 08 Nov 2025₹2.2t₹875.9b₹38.0b28.4x56.7x2.5x
Mon, 06 Oct 2025₹2.1t₹856.0b₹35.3b30.6x59.9x2.5x
Wed, 03 Sep 2025₹2.2t₹827.2b₹34.7b29.1x63.5x2.7x
Fri, 01 Aug 2025₹2.2t₹811.0b₹34.5b30.9x63.5x2.7x
Sun, 29 Jun 2025₹2.2t₹798.5b₹32.7b31.1x67.6x2.8x
Tue, 27 May 2025₹2.2t₹793.9b₹56.0b29.4x39.1x2.8x
Thu, 24 Apr 2025₹2.1t₹823.4b₹56.6b26x37.2x2.6x
Sat, 22 Mar 2025₹2.1t₹823.0b₹56.4b26.8x37.8x2.6x
Mon, 17 Feb 2025₹2.2t₹819.6b₹56.2b28.3x39.3x2.7x
Wed, 15 Jan 2025₹2.4t₹787.1b₹53.1b38x45.1x3x
Fri, 13 Dec 2024₹2.4t₹779.3b₹49.0b36.3x48.3x3x
Sun, 10 Nov 2024₹2.0t₹725.1b₹45.4b41.3x44.8x2.8x
Tue, 08 Oct 2024₹1.9t₹702.0b₹45.3b34.1x42.3x2.7x
Thu, 05 Sep 2024₹2.1t₹699.3b₹45.0b36.4x45.9x2.9x
Sat, 03 Aug 2024₹1.9t₹693.7b₹44.3b34x43.2x2.8x
Mon, 01 Jul 2024₹1.8t₹680.9b₹43.8b28.5x40.6x2.6x
Wed, 29 May 2024₹1.7t₹5.6t₹919.9b26.8x1.8x0.3x
Fri, 26 Apr 2024₹1.8t₹655.2b₹42.1b26.7x41.9x2.7x
Sun, 24 Mar 2024₹1.7t₹654.7b₹43.8b23.5x38.9x2.6x
Tue, 20 Feb 2024₹1.8t₹654.7b₹43.8b25.8x40.4x2.7x
Thu, 18 Jan 2024₹1.7t₹639.4b₹43.7b26x38.6x2.6x
Sat, 16 Dec 2023₹1.6t₹636.2b₹43.3b24.7x36.5x2.5x
Mon, 13 Nov 2023₹1.3t₹633.6b₹43.2b25.2x31.2x2.1x
Wed, 11 Oct 2023₹1.4t₹619.1b₹42.3b26.8x32.9x2.3x
Fri, 08 Sep 2023₹1.4t₹619.0b₹42.3b27x33.2x2.3x
Sun, 06 Aug 2023₹1.3t₹611.5b₹40.0b26.5x31.8x2.1x
Tue, 04 Jul 2023₹1.2t₹594.3b₹39.4b23.5x30x2x
Thu, 01 Jun 2023₹1.2t₹598.1b₹39.5b22.4x29.3x1.9x
Sat, 29 Apr 2023₹1.1t₹583.6b₹40.9b28.2x26.6x1.9x
Mon, 27 Mar 2023₹1.0t₹579.6b₹40.5b24.2x24.9x1.7x
Wed, 22 Feb 2023₹682.4b₹365.9b₹23.2b26.1x29.4x1.9x
Fri, 20 Jan 2023₹653.2b₹352.0b₹22.5b26.9x29x1.9x
Price to Earnings Ratio

29x


Total Market Cap: ₹653.2bTotal Earnings: ₹22.5bTotal Revenue: ₹352.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Professional Services Industry Price to Earnings3Y Average 41.5x202420252026
Current Industry PE
  • Investors are optimistic on the Indian Professional Services industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 55.1x which is higher than its 3-year average PE of 41.4x.
  • The industry is trading close to its 3-year average PS ratio of 2.4x.
Past Earnings Growth
  • The earnings for companies in the Professional Services industry have grown 19% per year over the last three years.
  • Revenues for these companies have grown 36% 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 Industrials industry?

IN Market-2.54%
Industrials-4.17%
Professional Services-4.49%
HR Services-2.71%
Research and Consulting Services-3.80%
Industry PE
  • Investors are most optimistic about the HR Services industry which is trading above its 3-year average PE ratio of 32.6x.
    • Analysts are expecting annual earnings growth of 33.3%, which is higher than its past year's earnings growth of 10.2% per year.
  • Investors are most pessimistic about the Research and Consulting Services industry, which is trading close to its 3-year average of 38.2x.
Forecasted Growth
  • Analysts are most optimistic on the HR Services industry, expecting annual earnings growth of 33% over the next 5 years.
  • This is better than its past earnings growth rate of 10% per year.
  • In contrast, the Research and Consulting Services 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?

CompanyLast Price7D1YValuation
543806 Itcons E-Solutions₹404.50-7.6%
₹270.3m		-37.6%PE61.5x
DYNAMIC Dynamic Services & Security₹141.207.6%
+₹234.0m		-59.0%PE14.6x
539927 Likhami Consulting₹327.655.0%
+₹155.2m		-58.5%PE1530.6x
ALLDIGI Alldigi Tech₹827.900.6%
+₹77.0m		-14.4%PE17.6x
AARVI Aarvi Encon₹130.802.2%
+₹42.4m		8.2%PE13.5x

Latest News

BLS
₹295.80
BLS International Services
7D
-6.5%
1Y
-31.2%

Is BLS International Services (NSE:BLS) Using Too Much Debt?

Jan 12
Is BLS International Services (NSE:BLS) Using Too Much Debt?
ECLERX
₹4,596.40
eClerx Services
7D
-3.7%
1Y
43.5%

ECLERX: Egypt Expansion And Completed Buyback Will Support Balanced Outlook

Analysts have adjusted their price target on eClerx Services slightly higher to ₹4,959.4 from ₹4,890.4, reflecting updated assumptions regarding revenue growth, profit margins and future P/E expectations. What's in the News Board meeting on October 24, 2025 to consider unaudited financial results for the quarter and half year ended September 30, 2025 and to review a proposal for an equity share buyback (Board Meeting).
543806
₹404.50
Itcons E-Solutions
7D
-7.6%
1Y
-37.6%
FSL
₹311.45
Firstsource Solutions
7D
-7.5%
1Y
-14.0%

FSL: AI Partnerships Will Drive Automated Outcomes Across Regulated Workflows

Analysts have made a small upward adjustment to their price target for Firstsource Solutions, lifting fair value from ₹397.77 to ₹400.08, as they refresh assumptions around revenue growth, profit margins and the future P/E multiple. What's in the News Firstsource Solutions has invested in AppliedAI, an AI workflow automation platform focused on automating complex, regulated enterprise processes end to end, as part of its UnBPO strategy to build technology first, compliant and outcome driven operations (Key Developments).
LTTS
₹4,316.30
L&T Technology Services
7D
-2.3%
1Y
-11.1%

LTTS: AI Partnerships And New Centers Will Drive Future Upside

Analysts have slightly raised their price target on L&T Technology Services from ₹5,554.86 to ₹5,576.18, citing modest adjustments to assumptions for revenue growth, profit margins and future P/E multiples. What's in the News Board meeting scheduled on January 15, 2026, to consider and approve unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025, along with limited review reports (company filing).
543232
₹710.75
Computer Age Management Services
7D
-5.5%
1Y
-17.0%

543232: Share Split And Digital Expansion Will Support Future Upside Potential

Analysts have trimmed their price target on Computer Age Management Services slightly to reflect a fair value of about ₹871.77 per share, citing small recalibrations to the discount rate, revenue growth, profit margin and forward P/E assumptions. What's in the News Board meeting scheduled for Dec 22, 2025 to consider the reappointment of Managing Director Anuj Kumar and address other matters (company event filing).
SAGILITY
₹50.60
Sagility
7D
-2.7%
1Y
3.1%
IGIL
₹309.30
International Gemmological Institute (India)
7D
-7.0%
1Y
-43.6%

Some Shareholders Feeling Restless Over International Gemmological Institute (India) Limited's (NSE:IGIL) P/E Ratio

Jan 08
Some Shareholders Feeling Restless Over International Gemmological Institute (India) Limited's (NSE:IGIL) P/E Ratio
539927
₹327.65
Likhami Consulting
7D
5.0%
1Y
-58.5%
DYNAMIC
₹141.20
Dynamic Services & Security
7D
7.6%
1Y
-59.0%
RITES
₹231.30
RITES
7D
-5.4%
1Y
-10.2%

RITES (NSE:RITES) Hasn't Managed To Accelerate Its Returns

Dec 24
RITES (NSE:RITES) Hasn't Managed To Accelerate Its Returns
AISL
₹83.25
ANI Integrated Services
7D
3.4%
1Y
-47.0%
SERVICE
₹49.00
Service Care
7D
4.8%
1Y
-26.4%
AARVI
₹130.80
Aarvi Encon
7D
2.2%
1Y
8.2%
HRHNEXT
₹33.45
HRH Next Services
7D
7.2%
1Y
-63.8%
ALLDIGI
₹827.90
Alldigi Tech
7D
0.6%
1Y
-14.4%