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Indian (NIFTY) Professional Services Industry Analysis

UpdatedFeb 27, 2026
DataAggregated Company Financials
Companies73
  • 7D-5.8%
  • 3M-21.0%
  • 1Y-19.2%
  • YTD-19.6%

Over the last 7 days, the Professional Services industry has dropped 5.8%, driven by pullbacks in Firstsource Solutions and Sagility of 15% and 11%, respectively. Overall the industry is down 19% in 12 months. Looking forward, 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
Fri, 27 Feb 2026₹1.7t₹921.5b₹38.2b23.2x45.5x1.9x
Sun, 25 Jan 2026₹2.0t₹896.2b₹37.8b25.4x51.7x2.2x
Tue, 23 Dec 2025₹2.2t₹893.4b₹37.9b26.4x58.4x2.5x
Thu, 20 Nov 2025₹2.2t₹891.8b₹38.0b28.8x58.2x2.5x
Sat, 18 Oct 2025₹2.1t₹857.5b₹35.5b29x59x2.4x
Mon, 15 Sep 2025₹2.2t₹827.7b₹34.9b31.3x63.3x2.7x
Wed, 13 Aug 2025₹2.2t₹822.4b₹34.8b29.5x62x2.6x
Fri, 11 Jul 2025₹2.2t₹798.5b₹32.3b30.2x68.4x2.8x
Sun, 08 Jun 2025₹2.2t₹794.1b₹32.6b30.5x67.1x2.8x
Tue, 06 May 2025₹2.0t₹832.2b₹56.5b27x35.2x2.4x
Thu, 03 Apr 2025₹2.1t₹823.0b₹56.4b27.1x38x2.6x
Sat, 01 Mar 2025₹2.1t₹820.0b₹56.2b25.4x36.8x2.5x
Mon, 27 Jan 2025₹2.5t₹791.1b₹53.4b34.2x45.9x3.1x
Wed, 25 Dec 2024₹2.5t₹787.1b₹53.1b36.9x46.9x3.2x
Fri, 22 Nov 2024₹2.1t₹776.8b₹48.2b35.7x43.4x2.7x
Sun, 20 Oct 2024₹2.0t₹703.8b₹45.3b36x44.4x2.9x
Tue, 17 Sep 2024₹2.1t₹699.6b₹45.0b38.2x46.1x3x
Thu, 15 Aug 2024₹1.8t₹699.4b₹44.8b36.9x41.2x2.6x
Sat, 13 Jul 2024₹1.9t₹681.1b₹43.8b31.2x42.9x2.8x
Mon, 10 Jun 2024₹1.7t₹680.2b₹43.8b26.7x38.8x2.5x
Wed, 08 May 2024₹1.7t₹667.0b₹42.6b25.7x38.9x2.5x
Fri, 05 Apr 2024₹1.8t₹655.0b₹43.8b24.9x41.4x2.8x
Sun, 03 Mar 2024₹1.8t₹654.7b₹43.8b27.1x40.5x2.7x
Tue, 30 Jan 2024₹1.7t₹639.6b₹43.7b25.8x39.3x2.7x
Thu, 28 Dec 2023₹1.6t₹636.2b₹43.3b25.4x36.3x2.5x
Sat, 25 Nov 2023₹1.5t₹636.2b₹43.3b24.1x33.6x2.3x
Mon, 23 Oct 2023₹1.4t₹620.7b₹42.5b28.1x32.1x2.2x
Wed, 20 Sep 2023₹1.4t₹619.0b₹42.3b27x33.3x2.3x
Fri, 18 Aug 2023₹1.3t₹619.0b₹42.3b22.4x31x2.1x
Sun, 16 Jul 2023₹1.2t₹597.5b₹39.5b23.4x31x2x
Tue, 13 Jun 2023₹1.2t₹591.5b₹39.1b24.7x29.9x2x
Thu, 11 May 2023₹1.1t₹586.4b₹41.2b24.2x27.2x1.9x
Sat, 08 Apr 2023₹1.1t₹579.6b₹40.5b25.1x26x1.8x
Mon, 06 Mar 2023₹691.2b₹365.9b₹23.2b26.6x29.8x1.9x
Price to Earnings Ratio

29.8x


Total Market Cap: ₹691.2bTotal Earnings: ₹23.2bTotal Revenue: ₹365.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Professional Services Industry Price to Earnings3Y Average 42.4x202420252026
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 45.5x which is higher than its 3-year average PE of 42.4x.
  • The 3-year average PS ratio of 2.4x is higher than the industry's current PS ratio of 1.9x.
Past Earnings Growth
  • The earnings for companies in the Professional Services industry have grown 18% 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 Market0.72%
Industrials1.80%
Professional Services-5.81%
Research and Consulting Services-3.81%
HR Services-6.17%
Industry PE
  • Investors are most optimistic about the HR Services industry, which is trading close to its 3-year average PE ratio of 33.3x.
    • Analysts are expecting annual earnings growth of 28.5%, which is higher than its past year's earnings growth of 17.5% per year.
  • Investors are most pessimistic about the Research and Consulting Services industry, which is trading below its 3-year average of 38.3x.
Forecasted Growth
  • Analysts are most optimistic on the HR Services industry, expecting annual earnings growth of 29% over the next 5 years.
  • This is better than its past earnings growth rate of 18% 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₹3.51k3.4%
+₹12.3b		-22.5%PE29.6x
BLS BLS International Services₹278.703.8%
+₹4.2b		-17.8%PE17.8x
523862 Grand Oak Canyons Distillery₹30.706.6%
+₹985.9m		28.5%PE10507.7x
539927 Likhami Consulting₹381.158.6%
+₹300.0m		-34.7%PE1734.9x
DUGLOBAL DUDigital Global₹43.005.1%
+₹146.5m		-25.9%PE55.7x

Latest News

543234
₹128.10
SecMark Consultancy
7D
11.4%
1Y
42.3%
ECLERX
₹3,172.40
eClerx Services
7D
-10.7%
1Y
11.9%

ECLERX: Bonus Share Proposal And Completed Buyback Will Support Future Upside

Analysts have adjusted their price target for eClerx Services slightly lower, from ₹5,194.10 to ₹5,057.00. This reflects updated fair value estimates and a modest recalibration of the assumed discount rate and future P/E multiple.
FSL
₹213.15
Firstsource Solutions
7D
-12.3%
1Y
-38.4%
TEAMLEASE
₹1,219.40
TeamLease Services
7D
-6.9%
1Y
-37.4%

TEAMLEASE: Incoming CEO Transition Will Support Future Margin Expansion Potential

Analysts have trimmed their fair value estimate for TeamLease Services from about ₹3,165 to roughly ₹3,094, reflecting updated views on slightly softer revenue growth and margins, partly offset by a lower discount rate and a higher assumed future P/E multiple. What's in the News Appointment of Ms. Suparna Mitra as Managing Director & Chief Executive Officer effective February 2, 2026, for a 5-year term, with current MD & CEO Mr. Ashok Reddy transitioning to Executive Vice Chairman to support leadership transition and long-term projects (company announcement).
LTTS
₹3,512.40
L&T Technology Services
7D
3.4%
1Y
-22.5%

LTTS: Mobility Wins And AI Health Platform Will Support Steady Outlook

Analysts have kept their price target for L&T Technology Services unchanged at ₹3,590, citing only small adjustments to the discount rate, revenue growth, profit margin, and future P/E assumptions that did not materially shift their valuation view. What's in the News L&T Technology Services secured a significant multi-year engagement in its Mobility segment from a leading automotive OEM, covering advanced software, connectivity and digital engineering services across multiple vehicle technology domains (Client Announcements).
543232
₹678.00
Computer Age Management Services
7D
-5.8%
1Y
7.8%

543232: Dividend Payout And Account Aggregator Investment Will Support Future Upside

Analysts have kept their fair value estimate for Computer Age Management Services steady at ₹841.61 per share, with only marginal tweaks to assumptions such as discount rate, revenue growth, profit margin and future P/E feeding into this unchanged price target. What's in the News The board meeting on 22 January 2026 approved unaudited standalone and consolidated financial results for the quarter ended 31 December 2025 and took on record the auditors' limited review reports (company filing).
LATENTVIEW
₹337.20
Latent View Analytics
7D
-7.7%
1Y
-12.0%

LATENTVIEW: CFO Continuity And Upcoming Results Will Support Future Upside Potential

Analysts have kept their fair value estimate for Latent View Analytics broadly unchanged at around ₹561.67 per share, with only minor tweaks to assumptions on discount rate, revenue growth, profit margin and future P/E feeding into the updated price target. What's in the News A board meeting is scheduled on February 2, 2026, at 1:00 pm IST to review and approve unaudited financial results for the quarter and nine months ended December 31, 2025, along with amendments to the code of conduct for insider trading and the proposed induction of Dr. Anindya Ghose to the Risk Management Committee (company filing).
EMUDHRA
₹428.10
eMudhra
7D
-8.2%
1Y
-49.6%

EMUDHRA: Sri Lanka Rollout Will Support Case For Stronger Bullish Re-Rating

Analysts have kept their fair value estimate for eMudhra steady at ₹918, with only small tweaks to the discount rate, revenue growth, profit margin and future P/E assumptions, reflecting refined modelling rather than a change in the overall view. What's in the News Partnered with LankaPay to roll out legally trusted digital signatures across Sri Lanka's financial and public sector systems, aiming to support secure, regulator aligned digital transactions at national scale and extend reach in South Asia (Key Developments).
DUGLOBAL
₹43.00
DUDigital Global
7D
5.1%
1Y
-25.9%
539927
₹381.15
Likhami Consulting
7D
8.6%
1Y
-34.7%
AARVI
₹130.03
Aarvi Encon
7D
2.4%
1Y
25.4%
RITES
₹213.91
RITES
7D
-2.1%
1Y
4.6%
BLS
₹278.70
BLS International Services
7D
3.8%
1Y
-17.8%
SAGILITY
₹39.55
Sagility
7D
-11.8%
1Y
-7.7%

Here's What Analysts Are Forecasting For Sagility Limited (NSE:SAGILITY) After Its Third-Quarter Results

Feb 02
Here's What Analysts Are Forecasting For Sagility Limited (NSE:SAGILITY) After Its Third-Quarter Results
523862
₹30.70
Grand Oak Canyons Distillery
7D
6.6%
1Y
28.5%
540062
₹258.40
Golden Crest Education & Services
7D
4.6%
1Y
-63.2%