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Indian (NIFTY) Professional Services Industry Analysis

UpdatedJun 11, 2026
DataAggregated Company Financials
Companies75
  • 7D-1.1%
  • 3M6.3%
  • 1Y-22.9%
  • YTD-15.5%

Over the last 7 days, the Professional Services industry has dropped 1.1%, driven by Firstsource Solutions declining 7.0%. Meanwhile, Grand Oak Canyons Distillery actually outperformed within the industry, gaining 43% in the last week. Overall the industry is down 23% in 12 months. As for the next few years, earnings are expected to grow by 15% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 12 Jun 2026₹1.9t₹977.1b₹74.8b20.3x25.7x2x
Sun, 10 May 2026₹2.1t₹954.5b₹46.6b23x44.9x2.2x
Tue, 07 Apr 2026₹1.8t₹953.4b₹45.6b21.8x39.8x1.9x
Thu, 05 Mar 2026₹1.7t₹921.5b₹38.2b22.5x43.9x1.8x
Sat, 31 Jan 2026₹2.0t₹905.2b₹38.5b25.3x51.3x2.2x
Mon, 29 Dec 2025₹2.2t₹893.4b₹37.9b26.8x57.9x2.5x
Wed, 26 Nov 2025₹2.2t₹892.6b₹37.9b27.4x57.1x2.4x
Fri, 24 Oct 2025₹2.1t₹861.5b₹35.5b28.8x60.1x2.5x
Sun, 21 Sep 2025₹2.2t₹856.1b₹35.5b32.5x63.2x2.6x
Tue, 19 Aug 2025₹2.1t₹823.9b₹34.6b29.9x62x2.6x
Thu, 17 Jul 2025₹2.2t₹796.3b₹32.1b31.2x69.5x2.8x
Sat, 14 Jun 2025₹2.2t₹794.9b₹32.6b30.2x67.3x2.8x
Mon, 12 May 2025₹1.9t₹833.3b₹56.6b25.3x34x2.3x
Wed, 09 Apr 2025₹2.0t₹823.0b₹56.4b25.7x35x2.4x
Fri, 07 Mar 2025₹2.1t₹820.0b₹56.2b25.3x37.4x2.6x
Sun, 02 Feb 2025₹2.4t₹804.5b₹54.0b36.2x44x2.9x
Tue, 31 Dec 2024₹2.5t₹787.1b₹53.1b38x47.6x3.2x
Thu, 28 Nov 2024₹2.2t₹779.0b₹49.0b35.6x45.5x2.9x
Sat, 26 Oct 2024₹1.9t₹704.0b₹45.3b35.5x42.6x2.7x
Mon, 23 Sep 2024₹2.0t₹699.6b₹45.0b41x45.4x2.9x
Wed, 21 Aug 2024₹2.0t₹699.3b₹45.0b35.6x44x2.8x
Fri, 19 Jul 2024₹1.8t₹681.1b₹43.8b32.8x41.8x2.7x
Sun, 16 Jun 2024₹1.8t₹680.9b₹43.8b27.3x40.3x2.6x
Tue, 14 May 2024₹1.6t₹674.0b₹43.6b24.7x37.3x2.4x
Thu, 11 Apr 2024₹1.8t₹655.0b₹43.8b25.2x41x2.7x
Sat, 09 Mar 2024₹1.7t₹654.7b₹43.8b26.2x39.2x2.6x
Mon, 05 Feb 2024₹1.7t₹648.7b₹43.3b25.8x40.1x2.7x
Wed, 03 Jan 2024₹1.6t₹636.7b₹43.3b25.9x36.4x2.5x
Fri, 01 Dec 2023₹1.5t₹636.2b₹43.3b23.5x34.5x2.4x
Sun, 29 Oct 2023₹1.3t₹621.2b₹42.5b26.4x30.9x2.1x
Tue, 26 Sep 2023₹1.4t₹619.1b₹42.3b25.6x32.9x2.2x
Thu, 24 Aug 2023₹1.3t₹619.0b₹42.3b24.3x31.6x2.2x
Sat, 22 Jul 2023₹1.2t₹600.2b₹39.9b28.2x31.1x2.1x
Mon, 19 Jun 2023₹1.2t₹591.5b₹39.2b24.6x30.1x2x
Price to Earnings Ratio

30.1x


Total Market Cap: ₹1.2tTotal Earnings: ₹39.2bTotal Revenue: ₹591.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Professional Services Industry Price to Earnings3Y Average 43.5x202420252026
Current Industry PE
  • Investors are pessimistic on the Indian Professional Services 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 25.7x which is lower than its 3-year average PE of 43.5x.
  • The 3-year average PS ratio of 2.5x is higher than the industry's current PS ratio of 2.0x.
Past Earnings Growth
  • The earnings for companies in the Professional Services industry have grown 24% per year over the last three years.
  • Revenues for these companies have grown 18% 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-1.22%
Industrials-1.06%
Professional Services-1.12%
HR Services4.42%
Research and Consulting Services1.02%
Industry PE
  • Investors are most optimistic about the Research and Consulting Services industry even though it's trading below its 3-year average PE ratio of 38.1x.
    • Analysts are expecting annual earnings growth of 15.5%, which is higher than its past year's earnings growth of 6.6% per year.
  • Investors are most pessimistic about the HR Services industry, which is trading below its 3-year average of 33.8x.
Forecasted Growth
  • Analysts are most optimistic on the Research and Consulting Services industry, expecting annual earnings growth of 16% over the next 5 years.
  • This is better than its past earnings growth rate of 6.6% per year.
  • In contrast, the HR Services industry is expected to see its earnings grow by 13% 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
523862 Grand Oak Canyons Distillery₹35.8343.3%
+₹5.6b		69.3%PE20796x
QUESS Quess₹242.1212.6%
+₹4.1b		-21.8%PE16.4x
LTTS L&T Technology Services₹3.29k0.6%
+₹2.0b		-27.3%PE28.4x
TEAMLEASE TeamLease Services₹1.41k2.1%
+₹486.3m		-29.4%PE17x
IPSL Integrated Personnel Services₹260.0012.8%
+₹254.3m		-3.4%PE20.4x

Latest News

TEAMLEASE
₹1,413.80
TeamLease Services
7D
2.1%
1Y
-29.4%
Narrative Update • Jun 09

TEAMLEASE: Buyback Proposal Will Support Future Margin Expansion Potential

Analysts have trimmed their price target on TeamLease Services from ₹2,400 to about ₹2,272. This reflects updated views on fair value, discount rate, revenue growth, profit margin and future P/E assumptions.
523862
₹35.83
Grand Oak Canyons Distillery
7D
43.3%
1Y
69.3%
FSL
₹247.00
Firstsource Solutions
7D
-7.0%
1Y
-35.2%
Narrative Update • Jun 06

FSL: AI Workflow Deployment Will Shape Balanced Outlook For Future Returns

Analysts have reduced their price target on Firstsource Solutions by about ₹7.76, aligning it with updated assumptions that reflect slightly different expectations for discount rate, revenue growth, profit margin and future P/E. What's in the News Announced measurable outcomes from its partnership with AppliedAI, with joint AI workflow solutions moved from pilot to production in healthcare provider data management and education admissions, and live with clients.
QUESS
₹242.12
Quess
7D
12.6%
1Y
-21.8%
Narrative Update • Jun 06

QUESS: Employee Ownership Plans And New CEO Role Will Support Future Upside

Analysts have nudged their fair value estimate for Quess up from ₹276.25 to ₹281.50, citing updated assumptions around the discount rate, revenue growth, profit margin and future P/E that slightly adjust the stock's risk and earnings profile. What's in the News The Board of Quess Corp Limited has scheduled a meeting on March 16, 2026 to consider changes in directors and key managerial personnel, a new Quess Stock Ownership Plan 2026 and the formation of the Quess Corp Limited Employees Welfare Trust for implementing the plan, along with other matters.
RITES
₹200.51
RITES
7D
0.1%
1Y
-30.7%
IPSL
₹260.00
Integrated Personnel Services
7D
12.8%
1Y
-3.4%
Analysis Article • Jun 05

Additional Considerations Required While Assessing Integrated Personnel Services' (NSE:IPSL) Strong Earnings

Integrated Personnel Services Limited ( NSE:IPSL ) announced strong profits, but the stock was stagnant. Our analysis...
ECLERX
₹1,336.90
eClerx Services
7D
-5.0%
1Y
-27.3%
Narrative Update • Jun 04

ECLERX: Enterprise AI Execution And Governance Will Drive Future Upside

Analysts have lowered their price target on eClerx Services from ₹2,093.30 to ₹1,859.40, citing updated assumptions around the discount rate, revenue growth, profit margins and future P/E levels. What's in the News eClerx Services formed a unified AI organization to support its enterprise AI strategy, focusing on embedding AI directly into operational workflows across its analytics, digital operations, and business process management businesses.
543232
₹723.00
Computer Age Management Services
7D
-4.7%
1Y
-11.3%
Narrative Update • Jun 04

543232: Board Actions On Dividend And Governance Will Support Stronger Outlook

Analysts have nudged their price target on Computer Age Management Services higher to around ₹880 from roughly ₹830, citing updated assumptions around discount rate, revenue growth, profit margin and future P/E that collectively support a modestly richer fair value estimate. What's in the News The board will meet on 4 May 2026 to consider and approve audited standalone and consolidated financial results for the quarter and year ended 31 March 2026.
LATENTVIEW
₹286.00
Latent View Analytics
7D
-6.6%
1Y
-29.5%
Narrative Update • Jun 04

LATENTVIEW: Inorganic Expansion Plans And Margin Outlook Will Drive Further Upside

Analysts have trimmed their fair value estimate for Latent View Analytics from ₹416 to about ₹404.75, reflecting updated views on slightly lower revenue growth expectations, a higher profit margin outlook and a modestly reduced forward P/E assumption. What's in the News Latent View Analytics is assessing acquisition opportunities, with management highlighting interest in firms that have strong professional services partnerships with Databricks, as discussed on the company’s Fourth Quarter Fiscal Year 2026 earnings call.
LTTS
₹3,291.10
L&T Technology Services
7D
0.6%
1Y
-27.3%
Narrative Update • Jun 03

LTTS: AI Centers Partnerships And Dividend Will Shape Steady Outlook

Analysts have kept their price target for L&T Technology Services steady at ₹3,658.83, noting that their assumptions around discount rate, revenue growth, profit margin and future P/E remain largely unchanged. What's in the News L&T Technology Services approved a final dividend of ₹40 per equity share of face value ₹2 for financial year 2025-26 at its AGM on June 1, 2026.
AARVI
₹142.31
Aarvi Encon
7D
11.3%
1Y
26.8%
Analysis Article • May 27

With EPS Growth And More, Aarvi Encon (NSE:AARVI) Makes An Interesting Case

It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...
IGIL
₹353.95
International Gemological Institute
7D
-2.2%
1Y
-9.5%
BLS
₹250.85
BLS International Services
7D
-4.7%
1Y
-32.2%
543234
₹132.45
SecMark Consultancy
7D
10.1%
1Y
-18.2%
SAGILITY
₹39.26
Sagility
7D
-2.1%
1Y
-0.3%
Analysis Article • May 15

Sagility Limited (NSE:SAGILITY) Just Released Its Yearly Earnings: Here's What Analysts Think

Sagility Limited ( NSE:SAGILITY ) last week reported its latest yearly results, which makes it a good time for...
CMPDI
₹223.00
Central Mine Planning & Design Institute
7D
-3.8%
1Y
n/a