Indian (NIFTY) IT Industry Analysis

Industry Valuation and Performance

Has the Indian IT Industry valuation changed over the past few years?

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Wed, 03 Jun 2026	₹26.1t	₹9.2t	₹1.3t	23.2x	19.6x	2.8x
Fri, 01 May 2026	₹25.1t	₹9.2t	₹1.3t	22.8x	18.8x	2.7x
Sun, 29 Mar 2026	₹25.1t	₹9.0t	₹1.3t	20x	19.3x	2.8x
Tue, 24 Feb 2026	₹27.1t	₹8.9t	₹1.3t	22.1x	21.2x	3x
Thu, 22 Jan 2026	₹32.3t	₹8.9t	₹1.3t	23.6x	25.1x	3.6x
Sat, 20 Dec 2025	₹33.4t	₹8.7t	₹1.3t	25.3x	25.5x	3.8x
Mon, 17 Nov 2025	₹31.5t	₹8.7t	₹1.3t	27x	24.2x	3.6x
Wed, 15 Oct 2025	₹30.5t	₹8.6t	₹1.3t	26.9x	23.6x	3.5x
Fri, 12 Sep 2025	₹31.3t	₹8.5t	₹1.3t	26.5x	24.3x	3.7x
Sun, 10 Aug 2025	₹30.0t	₹8.5t	₹1.3t	26.2x	23.4x	3.5x
Tue, 08 Jul 2025	₹33.8t	₹8.4t	₹1.3t	30.2x	27x	4.1x
Thu, 05 Jun 2025	₹32.7t	₹8.4t	₹1.3t	28.8x	26.1x	3.9x
Sat, 03 May 2025	₹31.9t	₹8.3t	₹1.2t	26.3x	25.6x	3.9x
Mon, 31 Mar 2025	₹33.0t	₹8.2t	₹1.3t	27.1x	26.3x	4x
Wed, 26 Feb 2025	₹34.8t	₹8.3t	₹1.3t	28.8x	27.6x	4.2x
Fri, 24 Jan 2025	₹38.3t	₹8.1t	₹1.2t	35x	30.8x	4.7x
Sun, 22 Dec 2024	₹38.8t	₹8.0t	₹1.2t	36.7x	32.3x	4.9x
Tue, 19 Nov 2024	₹37.0t	₹8.0t	₹1.2t	34.5x	30.9x	4.6x
Thu, 17 Oct 2024	₹37.9t	₹7.9t	₹1.2t	41.3x	32.2x	4.8x
Sat, 14 Sep 2024	₹39.6t	₹7.8t	₹1.2t	41.1x	33.9x	5.1x
Mon, 12 Aug 2024	₹36.0t	₹7.8t	₹1.2t	38.8x	30.8x	4.6x
Wed, 10 Jul 2024	₹34.7t	₹7.7t	₹1.1t	37.6x	30.3x	4.5x
Fri, 07 Jun 2024	₹31.9t	₹7.7t	₹1.1t	32.2x	27.9x	4.1x
Sun, 05 May 2024	₹31.4t	₹7.8t	₹1.1t	37.9x	27.6x	4x
Tue, 02 Apr 2024	₹32.9t	₹7.7t	₹1.1t	33.8x	29.5x	4.3x
Thu, 29 Feb 2024	₹35.1t	₹7.7t	₹1.1t	35.8x	31.7x	4.6x
Sat, 27 Jan 2024	₹34.1t	₹7.8t	₹1.1t	41.6x	30.1x	4.4x
Mon, 25 Dec 2023	₹33.6t	₹7.8t	₹1.1t	41.8x	29.4x	4.3x
Wed, 22 Nov 2023	₹30.3t	₹7.7t	₹1.1t	37.5x	26.7x	3.9x
Fri, 20 Oct 2023	₹29.5t	₹7.6t	₹1.1t	39x	25.9x	3.9x
Sun, 17 Sep 2023	₹30.8t	₹7.6t	₹1.1t	37.1x	27.5x	4.1x
Tue, 15 Aug 2023	₹29.0t	₹7.6t	₹1.1t	38.8x	25.8x	3.8x
Thu, 13 Jul 2023	₹27.4t	₹7.4t	₹1.1t	32.2x	24.9x	3.7x
Sat, 10 Jun 2023	₹26.9t	₹7.4t	₹1.1t	32.4x	24.5x	3.6x

Current Industry PE

Investors are pessimistic on the Indian IT 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 19.6x which is lower than its 3-year average PE of 26.9x.

The 3-year average PS ratio of 4.0x is higher than the industry's current PS ratio of 2.8x.

Past Earnings Growth

The earnings for companies in the IT industry have grown 6.6% per year over the last three years.
Revenues for these companies have grown 7.7% 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 industry?


IN Market	-1.41%
Tech	6.42%
IT	7.03%
Internet Services and Infrastructure	8.78%
IT Consulting	7.02%
Data Processing Services	-0.49%

Industry PE

Investors are most optimistic about the Data Processing Services industry even though it's trading below its 3-year average PE ratio of 67.1x.

Analysts are expecting annual earnings growth of 15.5%, which is higher than its past year's earnings growth of 12.5% per year.

Forecasted Growth

Analysts are most optimistic on the Data Processing Services industry, expecting annual earnings growth of 15% over the next 5 years.
This is better than its past earnings growth rate of 13% per year.

In contrast, the IT Consulting industry is expected to see its earnings grow by 8.5% 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
INFY Infosys	₹1.22k	5.4% +₹253.7b	-21.2%	PE15.6x
HCLTECH HCL Technologies	₹1.18k	1.2% +₹37.3b	-27.5%	PE17.8x
507685 Wipro	₹204.15	1.3% +₹26.7b	-17.3%	PE16.2x
LTM LTM	₹4.05k	1.6% +₹19.0b	-21.4%	PE24x
HEXT Hexaware Technologies	₹537.50	5.8% +₹17.9b	-34.1%	PE23.5x

Coforge Limited Launches Nexa Agentic AI Platform for Insurance Industry

Coforge Limited announced the launch of ‘Nexa Agentic AI Platform’, a next generation insurance business platform designed for the global insurance industry, marking a significant advancement in how insurers operationalize AI to drive measurable business outcomes. Nexa Agentic AI Platform is designed to help carriers extract greater value from their existing insurance platforms and accelerate time to market–without disrupting the core. Rather than replacing incumbent systems, it layers AI orchestration on top, combining Coforge's decades of platform and insurance industry expertise within the guardrails of leading platform providers. Its orchestration agents are fully modular and composable, allowing carriers to adopt targeted capabilities where impact is highest or deploy the full suite through an Insurance-in-a-Box model. The platform is built around human-in-the-loop oversight, with full auditability, measurable outcomes, and rich insurance industry intelligence embedded by design. Built on Coforge One AI platform, Nexa Agentic AI Platform embeds intelligence into core insurance workflows. It provides a marketplace of 30+ insurance AI assets spanning underwriting, claims, product development, customer service, and platform modernization. The ‘Nexa Agentic AI Platform’ introduces a marketplace of Insurance AI assets, anchored by six flagship orchestrators that span the insurance value chain: 1) At the front end of underwriting, the AI-enabled Submission Center centralizes broker submissions and orchestrates data extraction, validation, and prioritization, enabling faster turnaround, reduced manual effort, and increased underwriting capacity by more than 30%. 2) The Agentic State Rollout Factory automates rates, forms, and filings across jurisdictions, accelerating state launches while reducing cost and strengthening compliance enabling more than 25% faster realization of new revenue. 3) The AI-enabled Product Rollout Factory streamlines the product lifecycle through agent-driven automation, enabling 30% faster launch timelines, improved quality, and greater responsiveness to regulatory changes. 4) The Agentic AI Global Expansion capability provides a repeatable model for entering new markets, eliminating the need to rebuild configurations and regulatory frameworks for each geography. 5) The Core Platform Modernization capability uses AI agents to decode legacy complexity, stabilize integrations, and automate regression, accelerating modernization with minimal disruption and reduce total cost of ownership by more than 30%. 6) The Agentic Claims Triaging Center automates intake, triage, and routing while identifying fraud signals early, improving efficiency, decision accuracy, and adjuster productivity leading to more than 35% faster triaging and more straight through processing. These capabilities are designed around key insurance personas including brokers, underwriters, claims adjudicators, and customer service agents, ensuring that AI augmentation is directly aligned to day-to-day decision-making and operational efficiency. Looking ahead, Nexa Agentic AI Platform will progressively tap into Insurance knowledge graphs, deepening its insurance-native reasoning across submissions, policies, claims and customer interactions as it is used. Nexa Agentic AI Platform will serve as a cornerstone of Coforge’s insurance go-to-market strategy, enabling clients to scale AI adoption while keeping the current investments intact complying with the platform guardrails with confidence, accelerating outcomes, and build a sustained competitive advantage in an increasingly dynamic market.

Indian (NIFTY) IT Industry Analysis

Industry Valuation and Performance

Industry Trends

Top Stock Gainers and Losers

Latest News

Hexaware Technologies Announces New Enhancements To Agentverse Enterprise AI Agent Platform

Upcoming dividend of ₹25.00 per share

Coforge Limited Launches Nexa Agentic AI Platform for Insurance Industry

507685: AI Native Initiatives And Buyback Authorization Will Shape Balanced Medium Term Outlook

Consensus revenue estimates increase by 13%

Full year 2026 earnings released: EPS: ₹66.64 (vs ₹56.93 in FY 2025)

LTM Limited Approves Final Dividend for the Financial Year 2025-26

Cyient Limited (BSE:532175) agreed to acquire Tao Digital Solutions Inc.

Final dividend increased to ₹3.65

Orient Technologies Limited Announces Resignation of Gourav Modi, Chief Financial Officer, Effective June 25, 2026

Full year 2026 earnings released: EPS: ₹0.34 (vs ₹0.18 in FY 2025)

Price target decreased by 9.7% to ₹853

Upcoming dividend of ₹31.00 per share

Now 21% overvalued

TECHM: Richer P E And Partnerships Will Shape Balanced Future Returns

Kody Technolab's (NSE:KODYTECH) Anemic Earnings Might Be Worse Than You Think