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Jul 15
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Indian (NIFTY) Tech Sector Analysis
UpdatedJul 15, 2025
DataAggregated Company Financials
Companies331
- 7D-3.4%
- 3M9.8%
- 1Y-11.3%
- YTD-16.1%
Over the last 7 days, the Tech industry has dropped 3.4%, driven by a pullback from Tata Consultancy Services of 5.5%. Meanwhile, Waaree Energies actually outperformed within the industry, gaining 9.6% in the last week. The industry has fallen 11% in the last year. As for the next few years, earnings are expected to grow by 9.9% 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 |
|---|---|---|---|---|---|---|
| Tue, 15 Jul 2025 | ₹39.6t | ₹10.9t | ₹1.4t | 33.4x | 28x | 3.6x |
| Thu, 12 Jun 2025 | ₹41.2t | ₹10.8t | ₹1.4t | 34.8x | 29.3x | 3.8x |
| Sat, 10 May 2025 | ₹38.1t | ₹10.8t | ₹1.4t | 29.8x | 27.4x | 3.5x |
| Mon, 07 Apr 2025 | ₹36.0t | ₹10.6t | ₹1.4t | 30.2x | 26x | 3.4x |
| Wed, 05 Mar 2025 | ₹39.0t | ₹10.7t | ₹1.4t | 29.7x | 28x | 3.6x |
| Fri, 31 Jan 2025 | ₹44.2t | ₹10.5t | ₹1.4t | 37.9x | 32.3x | 4.2x |
| Sun, 29 Dec 2024 | ₹47.1t | ₹10.3t | ₹1.3t | 42.4x | 35.4x | 4.6x |
| Tue, 26 Nov 2024 | ₹46.5t | ₹10.2t | ₹1.3t | 41.1x | 35.2x | 4.6x |
| Thu, 24 Oct 2024 | ₹44.3t | ₹10.0t | ₹1.3t | 41.4x | 34x | 4.4x |
| Sat, 21 Sep 2024 | ₹45.3t | ₹9.9t | ₹1.3t | 42.2x | 35.8x | 4.6x |
| Mon, 19 Aug 2024 | ₹43.9t | ₹9.9t | ₹1.3t | 40.7x | 34.7x | 4.5x |
| Wed, 17 Jul 2024 | ₹42.5t | ₹9.8t | ₹1.3t | 43.8x | 33.8x | 4.4x |
| Fri, 14 Jun 2024 | ₹38.0t | ₹9.7t | ₹1.2t | 41.4x | 30.7x | 3.9x |
| Sun, 12 May 2024 | ₹36.4t | ₹9.7t | ₹1.2t | 43.9x | 29.5x | 3.8x |
| Tue, 09 Apr 2024 | ₹38.1t | ₹9.6t | ₹1.2t | 47.9x | 31.6x | 4x |
| Thu, 07 Mar 2024 | ₹39.6t | ₹9.6t | ₹1.2t | 43x | 32.8x | 4.1x |
| Sat, 03 Feb 2024 | ₹40.0t | ₹9.6t | ₹1.2t | 47.4x | 32.7x | 4.2x |
| Mon, 01 Jan 2024 | ₹38.0t | ₹9.5t | ₹1.2t | 45.6x | 31x | 4x |
| Wed, 29 Nov 2023 | ₹34.4t | ₹9.5t | ₹1.2t | 40.9x | 28.1x | 3.6x |
| Fri, 27 Oct 2023 | ₹32.5t | ₹9.4t | ₹1.2t | 41.9x | 26.6x | 3.4x |
| Sun, 24 Sep 2023 | ₹34.5t | ₹9.3t | ₹1.2t | 40.3x | 28.5x | 3.7x |
| Tue, 22 Aug 2023 | ₹32.3t | ₹9.3t | ₹1.2t | 38.7x | 26.7x | 3.5x |
| Thu, 20 Jul 2023 | ₹33.0t | ₹9.1t | ₹1.2t | 37.5x | 27.4x | 3.6x |
| Sat, 17 Jun 2023 | ₹30.5t | ₹9.0t | ₹1.2t | 35.2x | 25.7x | 3.4x |
| Mon, 15 May 2023 | ₹29.8t | ₹8.9t | ₹1.2t | 30x | 25.1x | 3.3x |
| Wed, 12 Apr 2023 | ₹29.9t | ₹8.6t | ₹1.2t | 27.1x | 25.8x | 3.5x |
| Fri, 10 Mar 2023 | ₹31.7t | ₹8.9t | ₹1.2t | 24.9x | 27.5x | 3.6x |
| Sun, 05 Feb 2023 | ₹32.8t | ₹8.9t | ₹1.2t | 28.4x | 28.5x | 3.7x |
| Tue, 03 Jan 2023 | ₹31.2t | ₹8.6t | ₹1.1t | 30x | 27.6x | 3.6x |
| Thu, 01 Dec 2022 | ₹32.7t | ₹8.5t | ₹1.1t | 29.7x | 29.1x | 3.8x |
| Sat, 29 Oct 2022 | ₹30.2t | ₹8.4t | ₹1.1t | 29.1x | 26.8x | 3.6x |
| Mon, 26 Sep 2022 | ₹28.7t | ₹8.1t | ₹1.1t | 28.1x | 25.8x | 3.5x |
| Wed, 24 Aug 2022 | ₹31.0t | ₹8.1t | ₹1.1t | 26.8x | 28.1x | 3.8x |
| Fri, 22 Jul 2022 | ₹30.3t | ₹7.0t | ₹1.1t | 28.3x | 27.4x | 4.3x |
Price to Earnings Ratio
27.4x
Current Industry PE
- Investors are relatively neutral on the Indian Information Technology industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 29.6x.
- The industry is trading close to its 3-year average PS ratio of 3.9x.
Past Earnings Growth
- The earnings for companies in the Information Technology industry have grown 8.5% per year over the last three years.
- Revenues for these companies have grown 16% 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 | -0.87% | |
| Tech | -3.41% | |
| Tech Hardware | 8.44% | |
| Semiconductors | 7.27% | |
| Electronic Equipment and Components | 0.42% | |
| Software | -0.96% | |
| Communications | -2.11% | |
| IT | -4.42% | |
Industry PE
- Investors are most optimistic about the Communications industry which is trading above its 3-year average PE ratio of 43.5x.
- Analysts are expecting annual earnings growth of 7.6%, which is lower than the prior year's growth of 22.5% per year.
- Investors are most pessimistic about the IT industry, which is trading close to its 3-year average of 28.0x.
Forecasted Growth
- Analysts are most optimistic on the Tech Hardware industry, expecting annual earnings growth of 34% over the next 5 years.
- However this is lower than its past earnings growth rate of 47% per year.
- In contrast, the Communications industry is expected to see its earnings grow by 7.6% 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 | |
|---|---|---|---|---|---|
| 526433 ASM Technologies | ₹2.93k | 11.5% +₹370.3b | 91.1% | PE1531.1x | |
| WAAREEENER Waaree Energies | ₹3.22k | 5.0% +₹43.9b | n/a | PE49.6x | |
| 533581 PG Electroplast | ₹808.85 | 9.3% +₹19.5b | 122.5% | PE79.6x | |
| SYRMA Syrma SGS Technology | ₹695.45 | 13.1% +₹14.3b | 45.0% | PE72.9x | |
| TATATECH Tata Technologies | ₹731.95 | 4.6% +₹13.0b | -27.9% | PE43.9x |
