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Indian (NIFTY) Professional Services Industry Analysis

UpdatedDec 10, 2025
DataAggregated Company Financials
Companies70
  • 7D-1.0%
  • 3M-2.1%
  • 1Y-15.7%
  • YTD-17.7%

Over the last 7 days, the Professional Services industry has dropped 1.7%, driven by eClerx Services declining 6.2%. Meanwhile, Latent View Analytics actually outperformed within the industry, gaining 7.2% in the last week. The industry has fallen 15% in the last year. As for the next few years, earnings are expected to grow by 17% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 10 Dec 2025₹2.2t₹893.0b₹37.9b26.8x57.1x2.4x
Fri, 07 Nov 2025₹2.2t₹875.9b₹38.0b28.4x57.4x2.5x
Sun, 05 Oct 2025₹2.1t₹856.0b₹35.3b30.6x59.9x2.5x
Tue, 02 Sep 2025₹2.2t₹827.2b₹34.7b29.1x63.4x2.7x
Thu, 31 Jul 2025₹2.2t₹803.6b₹32.6b30.8x67x2.7x
Sat, 28 Jun 2025₹2.2t₹798.5b₹32.7b31.1x67.6x2.8x
Mon, 26 May 2025₹2.2t₹794.1b₹56.0b29.7x38.9x2.7x
Wed, 23 Apr 2025₹2.1t₹823.2b₹56.4b26.4x37x2.5x
Fri, 21 Mar 2025₹2.1t₹823.0b₹56.4b25.6x36.7x2.5x
Sun, 16 Feb 2025₹2.2t₹819.2b₹56.2b28.6x39.3x2.7x
Tue, 14 Jan 2025₹2.4t₹787.1b₹53.1b37.9x45.2x3.1x
Thu, 12 Dec 2024₹2.4t₹779.3b₹49.0b36.5x48.2x3x
Sat, 09 Nov 2024₹2.0t₹724.5b₹45.4b41.3x44.8x2.8x
Mon, 07 Oct 2024₹1.9t₹702.0b₹45.3b36.1x42.9x2.8x
Wed, 04 Sep 2024₹2.1t₹699.3b₹45.0b36.8x45.9x3x
Fri, 02 Aug 2024₹1.9t₹693.6b₹44.4b34.5x43.4x2.8x
Sun, 30 Jun 2024₹1.8t₹680.9b₹43.8b28.5x40.6x2.6x
Tue, 28 May 2024₹1.7t₹5.6t₹919.9b26x1.8x0.3x
Thu, 25 Apr 2024₹1.8t₹655.2b₹42.1b26.7x41.7x2.7x
Sat, 23 Mar 2024₹1.7t₹654.7b₹43.8b24x39.3x2.6x
Mon, 19 Feb 2024₹1.7t₹654.7b₹43.8b25.2x39.9x2.7x
Wed, 17 Jan 2024₹1.7t₹636.7b₹43.3b26.1x38.6x2.6x
Fri, 15 Dec 2023₹1.6t₹636.2b₹43.3b23.9x35.8x2.4x
Sun, 12 Nov 2023₹1.3t₹633.6b₹43.2b25.7x31.2x2.1x
Tue, 10 Oct 2023₹1.4t₹619.1b₹42.3b26x32.7x2.2x
Thu, 07 Sep 2023₹1.4t₹619.0b₹42.3b26.8x33.2x2.3x
Sat, 05 Aug 2023₹1.3t₹611.2b₹39.8b26.5x31.9x2.1x
Mon, 03 Jul 2023₹1.2t₹594.3b₹39.4b21.9x29.9x2x
Wed, 31 May 2023₹1.1t₹599.3b₹39.4b25.3x29x1.9x
Fri, 28 Apr 2023₹1.1t₹585.6b₹40.9b27.3x26.4x1.8x
Sun, 26 Mar 2023₹1.0t₹579.6b₹40.5b24.2x24.9x1.7x
Tue, 21 Feb 2023₹681.8b₹365.9b₹23.2b26.1x29.4x1.9x
Thu, 19 Jan 2023₹657.8b₹352.0b₹22.5b26.3x29.2x1.9x
Sat, 17 Dec 2022₹727.7b₹351.4b₹22.5b26.1x32.3x2.1x
Price to Earnings Ratio

32.3x


Total Market Cap: ₹727.7bTotal Earnings: ₹22.5bTotal Revenue: ₹351.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Professional Services Industry Price to Earnings3Y Average 40.6x202320242025
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 57.0x which is higher than its 3-year average PE of 40.6x.
  • 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-1.66%
Industrials-2.79%
Professional Services-0.96%
Research and Consulting Services0.89%
HR Services-2.63%
Industry PE
  • Investors are most optimistic about the HR Services industry which is trading above its 3-year average PE ratio of 31.9x.
    • Analysts are expecting annual earnings growth of 33.1%, 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 38.1x.
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
LTTS L&T Technology Services₹4.59k1.8%
+₹8.5b		-14.5%PE38.1x
LATENTVIEW Latent View Analytics₹474.603.6%
+₹3.4b		-8.1%PE51.4x
DIGITIDE Digitide Solutions₹140.112.7%
+₹557.1m		n/aPE54.7x
543713 DroneAcharya Aerial Innovations₹51.0753.7%
+₹428.0m		-56.8%PS7.1x
ALLDIGI Alldigi Tech₹857.803.3%
+₹420.6m		-13.3%PE18.2x

Latest News

ECLERX
₹4,413.90
eClerx Services
7D
-10.1%
1Y
16.3%

ECLERX: Buyback And Egypt Expansion Will Guide Balanced Future Outlook

Analysts have nudged their price target on eClerx Services slightly higher to ₹4,890 from ₹4,850, citing marginally improved assumptions for fair value, discount rate, and future earnings multiples. What's in the News Signed a Memorandum of Understanding with Egypt's Information Technology Industry Development Agency to expand multilingual support and technology led services, leveraging a growing delivery center in Cairo to better serve US and European clients (company announcement) Board of Directors authorized a share buyback plan on October 24, 2025, as part of a broader capital allocation strategy (board resolution) Announced a share repurchase program of up to 666,666 shares, about 1.4 percent of outstanding equity, for up to INR 3,000 million at a maximum price of INR 4,500 per share, funded through cash and subject to shareholder approval (buyback announcement) Scheduled a special shareholders meeting via postal ballot on December 4, 2025, to seek approval for the equity share buyback through the tender offer route (shareholder meeting notice) Board meeting on October 24, 2025, set to review unaudited quarterly and half year results and formally consider the detailed buyback proposal under applicable Indian corporate and securities regulations (board meeting agenda) Valuation Changes Fair Value: Target price has risen slightly to ₹4,890.4 from ₹4,850.4, reflecting a modest upward revision in intrinsic value estimates.
FSL
₹338.10
Firstsource Solutions
7D
-2.9%
1Y
-11.6%

Is Now The Time To Put Firstsource Solutions (NSE:FSL) On Your Watchlist?

Dec 09
Is Now The Time To Put Firstsource Solutions (NSE:FSL) On Your Watchlist?
543232
₹736.80
Computer Age Management Services
7D
-4.6%
1Y
-29.4%

543232: Stock Split And New Digital Platform Will Drive Future Upside

Analysts have raised their price target for Computer Age Management Services from approximately ₹870 to about ₹4,225, citing stronger anticipated revenue growth that more than offsets a modestly lower projected profit margin and valuation multiple. What's in the News CAMSRep launches Bima Central Administrator, a digital portal giving insurers, distributors and brokers a unified dashboard to manage e-Insurance Account servicing, data reconciliation and customer analytics across 50 plus insurers (Key Developments).
QUESS
₹208.34
Quess
7D
0.4%
1Y
-69.8%
543713
₹51.07
DroneAcharya Aerial Innovations
7D
53.7%
1Y
-56.8%
LTTS
₹4,593.00
L&T Technology Services
7D
1.8%
1Y
-14.5%
LATENTVIEW
₹474.60
Latent View Analytics
7D
3.6%
1Y
-8.1%

LATENTVIEW: Leadership Changes And Stable Metrics Will Guide Near-Term Prospects

Latent View Analytics' analyst price target remains unchanged at ₹523.67, as analysts cite stability in key metrics such as profit margins, growth forecasts, and valuation multiples supporting their outlook. What's in the News Chief Financial Officer Mr. Rajan Bala Venkatesan has tendered his resignation, effective February 13, 2026, to pursue a new professional opportunity (Key Developments).
BLS
₹317.75
BLS International Services
7D
-2.4%
1Y
-29.4%

BLS International Services' (NSE:BLS) Earnings Offer More Than Meets The Eye

Nov 22
BLS International Services' (NSE:BLS) Earnings Offer More Than Meets The Eye
VLEGOV
₹23.08
VL E-Governance & IT Solutions
7D
3.5%
1Y
-86.2%

We Think VL E-Governance & IT Solutions (NSE:VLEGOV) Needs To Drive Business Growth Carefully

Nov 17
We Think VL E-Governance & IT Solutions (NSE:VLEGOV) Needs To Drive Business Growth Carefully
RITES
₹223.97
RITES
7D
-3.3%
1Y
-26.2%

RITES Limited (NSE:RITES) Second-Quarter Results Just Came Out: Here's What Analysts Are Forecasting For This Year

Nov 16
RITES Limited (NSE:RITES) Second-Quarter Results Just Came Out: Here's What Analysts Are Forecasting For This Year
DIGITIDE
₹140.11
Digitide Solutions
7D
2.7%
1Y
n/a

We Like The Quality Of Digitide Solutions' (NSE:DIGITIDE) Earnings

Nov 12
We Like The Quality Of Digitide Solutions' (NSE:DIGITIDE) Earnings
523862
₹40.41
Grand Oak Canyons Distillery
7D
-9.1%
1Y
74.4%
DATAMATICS
₹808.75
Datamatics Global Services
7D
-3.9%
1Y
26.1%
ALLDIGI
₹857.80
Alldigi Tech
7D
3.3%
1Y
-13.3%
SAGILITY
₹48.37
Sagility
7D
-3.1%
1Y
12.8%

Sagility (NSE:SAGILITY) Has A Rock Solid Balance Sheet

Nov 01
Sagility (NSE:SAGILITY) Has A Rock Solid Balance Sheet
INFOLLION
₹395.00
Infollion Research Services
7D
2.9%
1Y
-22.6%

We Don’t Think Infollion Research Services' (NSE:INFOLLION) Earnings Should Make Shareholders Too Comfortable

Oct 28
We Don’t Think Infollion Research Services' (NSE:INFOLLION) Earnings Should Make Shareholders Too Comfortable