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Indian (NIFTY) Tech Sector Analysis
UpdatedFeb 12, 2026
DataAggregated Company Financials
Companies353
- 7D-2.7%
- 3M-7.1%
- 1Y-16.7%
- YTD-7.9%
Over the last 7 days, the Tech industry has dropped 2.7%, driven by a pullback from Tata Consultancy Services of 3.0%. Meanwhile, Kaynes Technology India actually outperformed within the industry, gaining 9.9% in the last week. However, the industry is down 17% over the past year. As for the next few years, earnings are expected to grow by 12% per annum.
Sector Valuation and Performance
Has the Indian Tech Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 12 Feb 2026 | ₹36.9t | ₹11.9t | ₹1.5t | 26.9x | 24.9x | 3.1x |
| Sat, 10 Jan 2026 | ₹39.5t | ₹11.6t | ₹1.5t | 28.8x | 26.4x | 3.4x |
| Mon, 08 Dec 2025 | ₹40.6t | ₹11.6t | ₹1.5t | 30.5x | 27.1x | 3.5x |
| Wed, 05 Nov 2025 | ₹38.4t | ₹11.4t | ₹1.5t | 33.9x | 26.1x | 3.4x |
| Fri, 03 Oct 2025 | ₹37.3t | ₹11.3t | ₹1.5t | 33x | 25.5x | 3.3x |
| Sun, 31 Aug 2025 | ₹37.9t | ₹11.2t | ₹1.5t | 32.1x | 26x | 3.4x |
| Tue, 29 Jul 2025 | ₹37.7t | ₹11.0t | ₹1.4t | 34x | 26.4x | 3.4x |
| Thu, 26 Jun 2025 | ₹41.2t | ₹10.9t | ₹1.4t | 34.2x | 29.2x | 3.8x |
| Sat, 24 May 2025 | ₹40.1t | ₹10.8t | ₹1.4t | 32.4x | 28.6x | 3.7x |
| Mon, 21 Apr 2025 | ₹36.3t | ₹10.7t | ₹1.4t | 30.2x | 26.3x | 3.4x |
| Wed, 19 Mar 2025 | ₹38.6t | ₹10.7t | ₹1.4t | 28.8x | 27.8x | 3.6x |
| Fri, 14 Feb 2025 | ₹43.0t | ₹10.6t | ₹1.4t | 36.2x | 31.1x | 4.1x |
| Sun, 12 Jan 2025 | ₹47.5t | ₹10.3t | ₹1.3t | 40.8x | 35.3x | 4.6x |
| Tue, 10 Dec 2024 | ₹48.5t | ₹10.2t | ₹1.3t | 42x | 36.6x | 4.7x |
| Thu, 07 Nov 2024 | ₹45.8t | ₹10.2t | ₹1.3t | 42.2x | 34.7x | 4.5x |
| Sat, 05 Oct 2024 | ₹44.8t | ₹9.8t | ₹1.3t | 40.8x | 35.3x | 4.5x |
| Mon, 02 Sep 2024 | ₹45.8t | ₹9.9t | ₹1.3t | 43.2x | 36.2x | 4.6x |
| Wed, 31 Jul 2024 | ₹43.9t | ₹9.8t | ₹1.3t | 44.4x | 34.7x | 4.5x |
| Fri, 28 Jun 2024 | ₹39.5t | ₹9.7t | ₹1.2t | 42x | 32x | 4.1x |
| Sun, 26 May 2024 | ₹37.1t | ₹9.7t | ₹1.2t | 42.1x | 30x | 3.8x |
| Tue, 23 Apr 2024 | ₹36.5t | ₹9.6t | ₹1.2t | 45.4x | 29.6x | 3.8x |
| Thu, 21 Mar 2024 | ₹38.2t | ₹9.6t | ₹1.2t | 42x | 31.7x | 4x |
| Sat, 17 Feb 2024 | ₹40.7t | ₹9.6t | ₹1.2t | 45.2x | 33.8x | 4.2x |
| Mon, 15 Jan 2024 | ₹39.1t | ₹9.5t | ₹1.2t | 46.9x | 32x | 4.1x |
| Wed, 13 Dec 2023 | ₹36.4t | ₹9.5t | ₹1.2t | 42.1x | 29.6x | 3.8x |
| Fri, 10 Nov 2023 | ₹33.0t | ₹9.5t | ₹1.2t | 42.4x | 27.1x | 3.5x |
| Sun, 08 Oct 2023 | ₹34.4t | ₹9.3t | ₹1.2t | 40.5x | 28.3x | 3.7x |
| Tue, 05 Sep 2023 | ₹33.7t | ₹9.3t | ₹1.2t | 39.8x | 27.8x | 3.6x |
| Thu, 03 Aug 2023 | ₹32.1t | ₹9.2t | ₹1.2t | 38.1x | 26.5x | 3.5x |
| Sat, 01 Jul 2023 | ₹31.4t | ₹9.0t | ₹1.2t | 34.2x | 26.5x | 3.5x |
| Mon, 29 May 2023 | ₹31.0t | ₹9.1t | ₹1.2t | 29.8x | 26x | 3.4x |
| Wed, 26 Apr 2023 | ₹28.8t | ₹8.7t | ₹1.2t | 28.8x | 24.5x | 3.3x |
| Fri, 24 Mar 2023 | ₹29.2t | ₹8.6t | ₹1.2t | 25.5x | 25.1x | 3.4x |
| Sun, 19 Feb 2023 | ₹33.0t | ₹8.9t | ₹1.2t | 26.4x | 28.5x | 3.7x |
Price to Earnings Ratio
28.5x
Current Industry PE
- Investors are pessimistic on the Indian Information Technology 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 24.9x which is lower than its 3-year average PE of 29.4x.
- The 3-year average PS ratio of 3.8x is higher than the industry's current PS ratio of 3.1x.
Past Earnings Growth
- The earnings for companies in the Information Technology industry have grown 8.6% per year over the last three years.
- Revenues for these companies have grown 9.9% 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 Tech sector?
| IN Market | 1.30% | |
| Tech | -2.73% | |
| Electronic Equipment and Components | 1.98% | |
| Semiconductors | 1.46% | |
| Communications | 0.82% | |
| Tech Hardware | -0.25% | |
| Software | -2.14% | |
| IT | -3.39% | |
Industry PE
- Investors are most optimistic about the Tech Hardware industry even though it's trading below its 3-year average PE ratio of 113x.
- Analysts are expecting annual earnings growth of 39.3%, which is lower than the prior year's growth of 43.9% per year.
Forecasted Growth
- Analysts are most optimistic on the Communications industry, expecting annual earnings growth of 60% over the next 5 years.
- This is better than its past earnings growth rate of 24% per year.
- In contrast, the IT industry is expected to see its earnings grow by 11% 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 | |
|---|---|---|---|---|---|
| KAYNES Kaynes Technology India | ₹4.09k | 13.0% +₹31.5b | -1.2% | PE70.5x | |
| WAAREEENER Waaree Energies | ₹3.17k | 3.2% +₹28.6b | 44.5% | PE27.9x | |
| 500463 Black Box | ₹579.15 | 12.3% +₹10.8b | 21.6% | PE46.3x | |
| 533581 PG Electroplast | ₹623.60 | 6.4% +₹10.8b | -23.1% | PE64.3x | |
| 532374 Sterlite Technologies | ₹154.80 | 15.4% +₹10.1b | 50.6% | PE2518.6x |
