Indian (NIFTY) Tech Sector Analysis

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, 22 Jul 2026	₹32.5t	₹12.7t	₹1.6t	25.1x	20.5x	2.5x
Fri, 19 Jun 2026	₹32.2t	₹12.5t	₹1.6t	24.8x	20.7x	2.6x
Sun, 17 May 2026	₹30.9t	₹12.4t	₹1.6t	24.2x	19.9x	2.5x
Tue, 14 Apr 2026	₹33.0t	₹12.1t	₹1.5t	24.8x	21.8x	2.7x
Thu, 12 Mar 2026	₹31.7t	₹12.0t	₹1.5t	22.7x	21.3x	2.7x
Sat, 07 Feb 2026	₹37.1t	₹11.8t	₹1.5t	26.8x	25.1x	3.1x
Mon, 05 Jan 2026	₹40.2t	₹11.6t	₹1.5t	29.9x	26.8x	3.5x
Wed, 03 Dec 2025	₹39.9t	₹11.6t	₹1.5t	31.5x	26.6x	3.5x
Fri, 31 Oct 2025	₹39.0t	₹11.4t	₹1.5t	33.8x	26.5x	3.4x
Sun, 28 Sep 2025	₹37.0t	₹11.2t	₹1.5t	33.6x	25.3x	3.3x
Tue, 26 Aug 2025	₹38.9t	₹11.2t	₹1.5t	32.5x	26.8x	3.5x
Thu, 24 Jul 2025	₹39.3t	₹10.9t	₹1.4t	35.2x	27.7x	3.6x
Sat, 21 Jun 2025	₹41.1t	₹10.9t	₹1.4t	34.1x	29.1x	3.8x
Mon, 19 May 2025	₹40.6t	₹10.8t	₹1.4t	31.7x	29.1x	3.8x
Wed, 16 Apr 2025	₹36.0t	₹10.7t	₹1.4t	30.1x	26x	3.4x
Fri, 14 Mar 2025	₹38.1t	₹10.7t	₹1.4t	30.2x	27.3x	3.6x
Sun, 09 Feb 2025	₹44.6t	₹10.6t	₹1.4t	37.1x	32.2x	4.2x
Tue, 07 Jan 2025	₹46.9t	₹10.3t	₹1.3t	41.3x	35.2x	4.6x
Thu, 05 Dec 2024	₹47.4t	₹10.2t	₹1.3t	42x	35.8x	4.6x
Sat, 02 Nov 2024	₹44.0t	₹10.1t	₹1.3t	42.6x	33.4x	4.3x
Mon, 30 Sep 2024	₹45.4t	₹9.9t	₹1.3t	41.6x	35.9x	4.6x
Wed, 28 Aug 2024	₹45.1t	₹9.9t	₹1.3t	43.6x	35.6x	4.6x
Fri, 26 Jul 2024	₹43.2t	₹9.8t	₹1.3t	42.4x	34.2x	4.4x
Sun, 23 Jun 2024	₹38.6t	₹9.7t	₹1.2t	41.4x	31.3x	4x
Tue, 21 May 2024	₹36.9t	₹9.7t	₹1.2t	44.9x	29.9x	3.8x
Thu, 18 Apr 2024	₹36.8t	₹9.7t	₹1.2t	45.7x	30.2x	3.8x
Sat, 16 Mar 2024	₹40.0t	₹9.6t	₹1.2t	40.6x	33.2x	4.2x
Mon, 12 Feb 2024	₹40.2t	₹9.5t	₹1.2t	49.5x	33.4x	4.2x
Wed, 10 Jan 2024	₹37.3t	₹9.5t	₹1.2t	47.3x	30.4x	3.9x
Fri, 08 Dec 2023	₹35.8t	₹9.5t	₹1.2t	42.9x	29.1x	3.8x
Sun, 05 Nov 2023	₹33.0t	₹9.4t	₹1.2t	42.8x	27x	3.5x
Tue, 03 Oct 2023	₹33.8t	₹9.3t	₹1.2t	40.3x	27.8x	3.6x
Thu, 31 Aug 2023	₹32.8t	₹9.3t	₹1.2t	38.7x	27.1x	3.5x
Sat, 29 Jul 2023	₹31.5t	₹9.2t	₹1.2t	36.7x	26.1x	3.4x

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 20.5x which is lower than its 3-year average PE of 28.7x.

The 3-year average PS ratio of 3.7x is higher than the industry's current PS ratio of 2.5x.

Past Earnings Growth

The earnings for companies in the Information Technology industry have grown 9.6% per year over the last three years.
Revenues for these companies have grown 12% 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	0.002%
Tech	0.023%
IT	0.72%
Electronic Equipment and Components	-1.19%
Semiconductors	-1.66%
Communications	-2.04%
Software	-2.56%
Tech Hardware	-2.93%

Industry PE

Investors are most optimistic about the Tech Hardware industry even though it's trading below its 3-year average PE ratio of 107x.

Analysts are expecting annual earnings growth of 24.9%, which is lower than the prior year's growth of 28.5% per year.

Forecasted Growth

Analysts are most optimistic on the Communications industry, expecting annual earnings growth of 41% over the next 5 years.
This is better than its past earnings decline of 3.8% per year.

In contrast, the IT industry is expected to see its earnings grow by 8.3% 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
HCLTECH HCL Technologies	₹1.24k	6.2% +₹197.0b	-18.5%	PE18.2x
504375 IDream Film Infrastructure	₹608.60	1.6% +₹167.0b	340.1%	n/a
TECHM Tech Mahindra	₹1.58k	6.2% +₹81.5b	1.9%	PE27.2x
TCS Tata Consultancy Services	₹2.22k	0.9% +₹74.2b	-29.7%	PE16.1x
PERSISTENT Persistent Systems	₹5.22k	1.8% +₹13.4b	-8.7%	PE41.8x

Company

Last Price

Valuation

HCLTECH HCL Technologies

₹1.24k

6.2%
+₹197.0b

-18.5%

PE18.2x

504375 IDream Film Infrastructure

₹608.60

1.6%
+₹167.0b

340.1%

n/a

TECHM Tech Mahindra

₹1.58k

6.2%
+₹81.5b

1.9%

PE27.2x

TCS Tata Consultancy Services

₹2.22k

0.9%
+₹74.2b

-29.7%

PE16.1x

PERSISTENT Persistent Systems

₹5.22k

1.8%
+₹13.4b

-8.7%

PE41.8x

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Indian (NIFTY) Tech Sector Analysis

Sector Valuation and Performance

Industry Trends

Top Stock Gainers and Losers

Latest News

Cyient DLM Limited Announces Cessation of Mr. Yadama Muralidhar as Non-Executive Independent Director, Member of Audit Committee, Risk Management Committee and ESG and CSR Committee, Effective July 20, 2026

Price target decreased by 7.1% to ₹178

HCL Technologies Limited, Annual General Meeting, Aug 12, 2026

Price target increased by 9.2% to ₹724

Tech Mahindra Limited Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

Persistent Systems Limited to Report Q1, 2027 Results on Aug 01, 2026

E2E Networks Limited to Report Q1, 2027 Results on Jul 21, 2026

INFY: AI Spending Shift Will Shape Medium Term Upside Potential

500408: Auto And Healthcare AI Partnerships Will Support Steady Forward Outlook

Full year 2026 earnings: EPS and revenues exceed analyst expectations

Tata Consultancy Services Limited Appoint Executives, Effective from July 13, 2026

Coforge Limited Launches SecureEdge2Cloud, An AI-Powered Zero Trust Security Offering Built On Zscaler Platform

Fractal Analytics Ltd Appoints Leandro Dallemule as Chief Practice Officer, Financial Services & Insurance

IDream Film Infrastructure Company Limited Announces CFO Changes

WAAREEENER: Future Margin Pressures Will Outweigh New 800 MW Order Benefits

Investors Shouldn't Be Too Comfortable With Premier Energies' (NSE:PREMIERENE) Earnings