We Ran A Stock Scan For Earnings Growth And Avalon Technologies (NSE:AVALON) Passed With Ease
Feb 04
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Indian (NIFTY) Tech Sector Analysis
UpdatedFeb 04, 2026
DataAggregated Company Financials
Companies355
- 7D1.7%
- 3M3.3%
- 1Y-12.9%
- YTD-0.6%
In the last week, the Tech industry is up 1.7%, with Tata Consultancy Services up 2.1%. In contrast, the industry has lost 13% in the last 12 months. 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 |
|---|---|---|---|---|---|---|
| Wed, 04 Feb 2026 | ₹39.9t | ₹11.8t | ₹1.5t | 27.3x | 27x | 3.4x |
| Fri, 02 Jan 2026 | ₹40.0t | ₹11.6t | ₹1.5t | 29.7x | 26.7x | 3.5x |
| Sun, 30 Nov 2025 | ₹39.9t | ₹11.5t | ₹1.5t | 32.9x | 26.7x | 3.5x |
| Tue, 28 Oct 2025 | ₹39.2t | ₹11.3t | ₹1.5t | 33.8x | 26.7x | 3.5x |
| Thu, 25 Sep 2025 | ₹38.3t | ₹11.2t | ₹1.5t | 34.6x | 26.3x | 3.4x |
| Sat, 23 Aug 2025 | ₹38.0t | ₹11.1t | ₹1.4t | 32.5x | 26.2x | 3.4x |
| Mon, 21 Jul 2025 | ₹39.5t | ₹10.9t | ₹1.4t | 34.4x | 27.8x | 3.6x |
| Wed, 18 Jun 2025 | ₹41.5t | ₹10.9t | ₹1.4t | 34.5x | 29.5x | 3.8x |
| Fri, 16 May 2025 | ₹40.7t | ₹10.8t | ₹1.4t | 31.9x | 29.3x | 3.8x |
| Sun, 13 Apr 2025 | ₹35.4t | ₹10.7t | ₹1.4t | 28.9x | 25.5x | 3.3x |
| Tue, 11 Mar 2025 | ₹39.5t | ₹10.7t | ₹1.4t | 30.5x | 28.3x | 3.7x |
| Thu, 06 Feb 2025 | ₹44.7t | ₹10.5t | ₹1.4t | 38.2x | 32.4x | 4.3x |
| Sat, 04 Jan 2025 | ₹47.2t | ₹10.3t | ₹1.3t | 43.4x | 35.4x | 4.6x |
| Mon, 02 Dec 2024 | ₹46.3t | ₹10.2t | ₹1.3t | 41.6x | 35x | 4.5x |
| Wed, 30 Oct 2024 | ₹44.7t | ₹10.1t | ₹1.3t | 41.5x | 34x | 4.4x |
| Fri, 27 Sep 2024 | ₹45.2t | ₹9.9t | ₹1.3t | 41.5x | 35.7x | 4.6x |
| Sun, 25 Aug 2024 | ₹44.4t | ₹9.8t | ₹1.3t | 43.6x | 35x | 4.5x |
| Tue, 23 Jul 2024 | ₹42.8t | ₹9.8t | ₹1.3t | 42.5x | 33.9x | 4.4x |
| Thu, 20 Jun 2024 | ₹38.4t | ₹9.7t | ₹1.2t | 41.2x | 31.1x | 4x |
| Sat, 18 May 2024 | ₹36.8t | ₹9.7t | ₹1.2t | 45.4x | 29.9x | 3.8x |
| Mon, 15 Apr 2024 | ₹38.1t | ₹9.7t | ₹1.2t | 45.9x | 31.3x | 3.9x |
| Wed, 13 Mar 2024 | ₹39.8t | ₹9.6t | ₹1.2t | 40.8x | 33x | 4.1x |
| Fri, 09 Feb 2024 | ₹40.3t | ₹9.5t | ₹1.2t | 46.2x | 33.5x | 4.3x |
| Sun, 07 Jan 2024 | ₹37.5t | ₹9.5t | ₹1.2t | 46.7x | 30.5x | 3.9x |
| Tue, 05 Dec 2023 | ₹35.4t | ₹9.5t | ₹1.2t | 42.3x | 28.8x | 3.7x |
| Thu, 02 Nov 2023 | ₹32.6t | ₹9.4t | ₹1.2t | 42.4x | 26.7x | 3.5x |
| Sat, 30 Sep 2023 | ₹33.8t | ₹9.3t | ₹1.2t | 40.5x | 27.8x | 3.6x |
| Mon, 28 Aug 2023 | ₹32.6t | ₹9.3t | ₹1.2t | 38.5x | 26.9x | 3.5x |
| Wed, 26 Jul 2023 | ₹31.7t | ₹9.2t | ₹1.2t | 36.6x | 26.2x | 3.5x |
| Fri, 23 Jun 2023 | ₹31.0t | ₹9.0t | ₹1.2t | 34.3x | 26.2x | 3.4x |
| Sun, 21 May 2023 | ₹30.0t | ₹9.0t | ₹1.2t | 30x | 25.1x | 3.3x |
| Tue, 18 Apr 2023 | ₹28.6t | ₹8.7t | ₹1.2t | 27.4x | 24.4x | 3.3x |
| Thu, 16 Mar 2023 | ₹30.6t | ₹8.9t | ₹1.2t | 25.7x | 26.5x | 3.4x |
| Sat, 11 Feb 2023 | ₹33.1t | ₹8.9t | ₹1.2t | 28.3x | 28.7x | 3.7x |
Price to Earnings Ratio
28.7x
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 29.4x.
- The 3-year average PS ratio of 3.8x is higher than the industry's current PS ratio of 3.4x.
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 9.7% 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 | 3.02% | |
| Tech | 1.70% | |
| Semiconductors | 10.28% | |
| Electronic Equipment and Components | 10.18% | |
| Communications | 8.71% | |
| Tech Hardware | 7.36% | |
| IT | 0.79% | |
| Software | 0.27% | |
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 expect its future annual earnings growth (39.3%) to be largely in line with prior year's earnings growth.
Forecasted Growth
- Analysts are most optimistic on the Communications industry, expecting annual earnings growth of 55% over the next 5 years.
- This is better than its past earnings growth rate of 35% per year.
- In contrast, the IT industry is expected to see its earnings grow by 10% 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 | |
|---|---|---|---|---|---|
| WAAREEENER Waaree Energies | ₹3.11k | 12.9% +₹102.4b | 30.4% | PE27.3x | |
| PREMIERENE Premier Energies | ₹781.70 | 9.3% +₹30.2b | -23.4% | PE26.6x | |
| SYRMA Syrma SGS Technology | ₹850.20 | 17.6% +₹24.3b | 62.0% | PE58x | |
| KAYNES Kaynes Technology India | ₹3.78k | 8.3% +₹19.4b | -14.3% | PE66.9x | |
| REDINGTON Redington | ₹283.00 | 8.8% +₹17.9b | 32.0% | PE12.8x |
